GRAPHIC PACKAGING HLDG CO GPK
COM · Common Stock · CUSIP 388689101 · ISIN US3886891015
American packaging company
- SectorMaterials
- IndustryPaperboard Containers & Boxes
- HeadquartersAtlanta, GA
- Founded1978
- Websitegraphicpkg.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($7.3m this quarter). Holder counts are more reliable. Shares outstanding: 295.7m as of 2026-02-27, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $15.10. Options: 5 managers hold calls ($4.7m notional), 6 hold puts ($2.2m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 360 |
| Q4 2022 | 405 |
| Q1 2023 | 417 |
| Q2 2023 | 471 |
| Q3 2023 | 433 |
| Q4 2023 | 452 |
| Q1 2024 | 481 |
| Q2 2024 | 467 |
| Q3 2024 | 502 |
| Q4 2024 | 517 |
| Q1 2025 | 496 |
| Q2 2025 | 448 |
| Q3 2025 | 447 |
| Q4 2025 | 439 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 226 | 227 |
| Q2 2024 | 224 | 227 |
| Q3 2024 | 218 | 236 |
| Q4 2024 | 203 | 263 |
| Q1 2025 | 217 | 262 |
| Q2 2025 | 221 | 269 |
| Q3 2025 | 228 | 242 |
| Q4 2025 | 230 | 231 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $6.6m | $4.8m | 0.73 |
| Q2 2025 | $450.8k | $3.5m | 7.71 |
| Q3 2025 | $11.1m | $875.9k | 0.08 |
| Q4 2025 | $4.7m | $2.2m | 0.48 |
Biggest buyers
| FULLER & THALER ASSET MANAGEMENT, INC. | Added | +18.7m |
| AQR CAPITAL MANAGEMENT LLC | Added | +7.3m |
| EMINENCE CAPITAL, LP | Added | +5.2m |
| UBS Group AG | Added | +5.0m |
| DME Capital Management, LP | Added | +3.7m |
| Squarepoint Ops LLC | Added | +2.2m |
| THOMPSON SIEGEL & WALMSLEY LLC | Added | +2.1m |
| Rubric Capital Management LP | New | +2.0m |
| CAUSEWAY CAPITAL MANAGEMENT LLC | Added | +1.9m |
| DIMENSIONAL FUND ADVISORS LP | Added | +1.8m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -20.3m |
| Premier Fund Managers Ltd | Sold out | -2.4m |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -2.4m |
| NEUBERGER BERMAN GROUP LLC | Reduced | -2.2m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -1.2m |
| D. E. Shaw & Co., Inc. | Reduced | -1.1m |
| Howard Capital Management Group, LLC | Sold out | -1.1m |
| BlackRock, Inc. | Reduced | -1.0m |
| RAYMOND JAMES FINANCIAL INC | Reduced | -995.3k |
| VANGUARD GROUP INC | Reduced | -742.0k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $2.4m156.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.9m124.2k shares |
| JANE STREET GROUP, LLC | Reduced | $283.1k18.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $134.0k8.9k shares |
| GROUP ONE TRADING LLC | Reduced | $7.5k500 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $790.6k52.5k shares |
| SIMPLEX TRADING, LLC | Added | $614.4k40.8k shares |
| CITADEL ADVISORS LLC | Reduced | $369.0k24.5k shares |
| JANE STREET GROUP, LLC | New | $322.3k21.4k shares |
| Walleye Trading LLC | New | $87.3k5.8k shares |
| GROUP ONE TRADING LLC | Added | $52.7k3.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +2.2 pts · filed 2026-04-07 | 11.0% |
| FMR LLC 13G · institution +4.7 pts · filed 2026-09-08 | 10.6% |
| FULLER & THALER ASSET MANAGEMENT, INC. 13G · institution +1.1 pts · filed 2026-08-14 | 7.1% |
| AQR CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-08-13 | 6.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: Allspring Global Investments Holdings, LLC (0.1%, 2026-07-31), VANGUARD PORTFOLIO MANAGEMENT LLC (5.0%, 2026-07-31; now reported by VANGUARD CAPITAL MANAGEMENT LLC), AMERICAN CENTURY INVESTMENT MANAGEMENT INC (2.6%, 2026-05-01), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 2 | $2.6m | — |
| Q2 2024 | 0 | — | 1 | $163.9k | — |
| Q3 2024 | 0 | — | 1 | $8.4m | — |
| Q4 2024 | 0 | — | 2 | $1.1m | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 2 | $2.1m | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| FULLER & THALER ASSET MANAGEMENT, INC. 0.96% of their portfolio | 37.4m $563.4m | Added +18.7m |
| VANGUARD GROUP INC 0.01% of their portfolio | 29.4m $442.4m | Reduced -742.0k |
| BlackRock, Inc. 0.01% of their portfolio | 26.1m $392.3m | Reduced -1.0m |
| Allspring Global Investments Holdings, LLC 0.48% of their portfolio | 19.5m $295.6m | Added +373.6k |
| AMERICAN CENTURY COMPANIES INC 0.15% of their portfolio | 19.2m $289.7m | Reduced -220.5k |
| EMINENCE CAPITAL, LP 3.05% of their portfolio | 12.8m $192.9m | Added +5.2m |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 11.7m $176.6m | Added +1.8m |
| FMR LLC 0.01% of their portfolio | 11.5m $173.6m | Added +853.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 10.8m $162.0m | Reduced -462.0k |
| STATE STREET CORP 0.01% of their portfolio | 9.9m $149.8m | Added +81.3k |
| UBS Group AG 0.03% of their portfolio | 9.0m $135.9m | Added +5.0m |
| AQR CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 8.7m $130.9m | Added +7.3m |
| DME Capital Management, LP 4.45% of their portfolio | 8.4m $126.7m | Added +3.7m |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 6.6m $99.3m | Added +1.3m |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 6.6m $99.2m | Reduced -722.9k |
| THOMPSON SIEGEL & WALMSLEY LLC 1.57% of their portfolio | 6.2m $93.3m | Added +2.1m |
| SHAPIRO CAPITAL MANAGEMENT LLC 4.65% of their portfolio | 5.9m $88.1m | Added +518.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 5.7m $85.3m | Reduced -126.4k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.94% of their portfolio | 4.5m $68.2m | Added +1.9m |
| MORGAN STANLEY 0.00% of their portfolio | 4.4m $65.8m | Added +869.6k |
| NORGES BANK 0.01% of their portfolio | 3.6m $54.0m | Not comparable |
| LETKO, BROSSEAU & ASSOCIATES INC 0.85% of their portfolio | 3.5m $52.0m | Added +1.4m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 3.4m $50.8m | Reduced -262.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.3m $50.3m | Added +113.0k |
| Squarepoint Ops LLC 0.09% of their portfolio | 3.0m $45.8m | Added +2.2m |
| MILFORD FUNDS LTD 0.85% of their portfolio | 2.9m $43.4m | First filing |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.7m $40.2m | Reduced -20.3m |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 2.4m $36.1m | Reduced -591.9k |
| Ensign Peak Advisors, Inc 0.06% of their portfolio | 2.4m $36.0m | Reduced -35.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 2.4m $35.7m | Reduced -84.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.3m $34.7m | Added +306.4k |
| LPL Financial LLC 0.01% of their portfolio | 2.2m $32.7m | Added +351.6k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 2.1m $32.1m | Reduced -2.2m |
| Rubric Capital Management LP 0.36% of their portfolio | 2.0m $30.1m | New |
| LSV ASSET MANAGEMENT 0.06% of their portfolio | 1.9m $28.8m | Reduced -245.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.8m $26.8m | Reduced -585.9k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 1.7m $25.6m | Added +1.3m |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 1.6m $24.5m | Added +27.2k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 1.5m $22.6m | Added +122.1k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.5m $22.5m | Reduced -450.7k |
| Boston Trust Walden Corp 0.16% of their portfolio | 1.4m $21.8m | Reduced -161.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 1.3m $19.6m | Reduced -79.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 1.3m $19.5m | Added +385.1k |
| ROYCE & ASSOCIATES LP 0.19% of their portfolio | 1.3m $19.2m | Added +31.5k |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 1.2m $17.7m | Added +1.1m |
| Invesco Ltd. 0.00% of their portfolio | 1.1m $16.7m | Added +200.7k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 1.0m $15.7m | Added +853.7k |
| Callodine Capital Management, LP 1.24% of their portfolio | 1.0m $15.5m | Added +676.8k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 982.1k $14.8m | Added +212.1k |
| Man Group plc 0.03% of their portfolio | 955.4k $14.4m | Added +16.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 954.5k $14.4m | Reduced -167.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 952.7k $14.3m | Reduced -1.2m |
| Impax Asset Management Group plc 0.09% of their portfolio | 949.6k $14.3m | Reduced -37.4k |
| AMG National Trust Bank 0.30% of their portfolio | 843.0k $12.7m | Unchanged |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 824.7k $12.4m | Reduced -444.2k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 824.1k $12.4m | Added +806.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 801.1k $12.1m | Reduced -49.6k |
| HRT FINANCIAL LP 0.05% of their portfolio | 796.9k $12.0m | Added +14.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 796.1k $12.1m | Added +119.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 778.4k $11.7m | Reduced -2.4m |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 773.0k $11.6m | Reduced -399.4k |
| DEPRINCE RACE & ZOLLO INC 0.22% of their portfolio | 772.8k $11.6m | Reduced -147.3k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 746.4k $11.2m | Reduced -1.1m |
| SKBA CAPITAL MANAGEMENT LLC 1.48% of their portfolio | 694.4k $10.5m | Added +650.1k |
| DekaBank Deutsche Girozentrale 0.04% of their portfolio | 676.2k $20.6m | Unchanged |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.11% of their portfolio | 672.2k $10.1m | Reduced -5.9k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 664.9k $10.0m | Reduced -995.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 655.9k $9.9m | Reduced -381.8k |
| ExodusPoint Capital Management, LP 0.10% of their portfolio | 613.3k $9.2m | New |
| Swiss National Bank 0.01% of their portfolio | 584.1k $8.8m | Reduced -1.1k |
| Seven Six Capital Management, LLC 8.60% of their portfolio | 567.5k $8.5m | Added +80.4k |
| California Public Employees Retirement System 0.00% of their portfolio | 536.1k $8.1m | Added +10.2k |
| WHITTIER TRUST CO 0.09% of their portfolio | 525.2k $8.2m | Reduced -11.0k |
| 683 Capital Management, LLC 0.65% of their portfolio | 517.7k $7.8m | New |
| Kingsview Wealth Management, LLC 0.11% of their portfolio | 492.5k $7.4m | Added +43.5k |
| GLENMEDE TRUST CO NA 0.04% of their portfolio | 490.4k $7.4m | First filing |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 484.4k $7.3m | Added +265.5k |
| Legal & General Group Plc 0.00% of their portfolio | 468.1k $7.1m | Reduced -28.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 468.1k $7.0m | Reduced -100.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 462.9k $7.0m | Added +416.5k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 450.9k $6.8m | Added +434.4k |
| Quantinno Capital Management LP 0.01% of their portfolio | 432.4k $6.5m | Added +105.7k |
| COMERICA BANK 0.03% of their portfolio | 425.5k $6.4m | Added +196.9k |
| Pathstone Holdings, LLC 0.02% of their portfolio | 419.6k $6.3m | Added +126.1k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 406.5k $6.1m | Reduced -128.9k |
| Nuveen, LLC 0.00% of their portfolio | 398.3k $6.0m | Reduced -150.0k |
| Gotham Asset Management, LLC 0.02% of their portfolio | 392.1k $5.9m | Added +314.3k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.01% of their portfolio | 388.8k $5.9m | First filing |
| Verition Fund Management LLC 0.03% of their portfolio | 388.6k $5.9m | Added +204.9k |
| Skylands Capital, LLC 0.79% of their portfolio | 384.9k $5.8m | Added +144.8k |
| Bragg Financial Advisors, Inc 0.19% of their portfolio | 382.5k $5.8m | Added +84.9k |
| Trexquant Investment LP 0.05% of their portfolio | 354.4k $5.3m | Added +96.5k |
| Retirement Systems of Alabama 0.02% of their portfolio | 354.2k $5.3m | Reduced -4.0k |
| Y-Intercept (Hong Kong) Ltd 0.12% of their portfolio | 351.9k $5.3m | Added +214.8k |
| ADVOCATE GROUP LLC 0.81% of their portfolio | 334.5k $5.0m | Added +24.4k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.36% of their portfolio | 325.0k $4.9m | Added +135.9k |
| Edgestream Partners, L.P. 0.14% of their portfolio | 318.9k $4.8m | Added +168.9k |
| Onex Canada Asset Management Inc. 0.64% of their portfolio | 306.4k $4.6m | Reduced -156.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 284.0k $4.3m | Reduced -583 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 274.9k $4.1m | Added +67.7k |