IPG PHOTONICS CORP IPGP
COM · Common Stock · CUSIP 44980X109 · ISIN US44980X1090
U.S. fiber laser company
- SectorTechnology
- IndustrySemiconductors & Related Devices
- HeadquartersMarlborough, MA
- Founded1990
- Websitentoire-polus.ru
- 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 ($11.0m this quarter). Holder counts are more reliable. Shares outstanding: 42.4m as of 2026-05-04, 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 ≈ $114.44. Options: 6 managers hold calls ($10.3m notional), 6 hold puts ($4.4m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 309 |
| Q4 2022 | 306 |
| Q1 2023 | 308 |
| Q2 2023 | 330 |
| Q3 2023 | 308 |
| Q4 2023 | 317 |
| Q1 2024 | 315 |
| Q2 2024 | 299 |
| Q3 2024 | 281 |
| Q4 2024 | 283 |
| Q1 2025 | 267 |
| Q2 2025 | 264 |
| Q3 2025 | 290 |
| Q4 2025 | 298 |
| Q1 2026 | 338 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 117 | 189 |
| Q3 2024 | 132 | 164 |
| Q4 2024 | 125 | 137 |
| Q1 2025 | 122 | 143 |
| Q2 2025 | 132 | 130 |
| Q3 2025 | 135 | 107 |
| Q4 2025 | 133 | 133 |
| Q1 2026 | 189 | 126 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $3.0m | $473.7k | 0.16 |
| Q3 2025 | $2.5m | $110.0k | 0.04 |
| Q4 2025 | $880.7k | $673.0k | 0.76 |
| Q1 2026 | $10.3m | $4.4m | 0.42 |
Biggest buyers
| WESTWOOD HOLDINGS GROUP INC | New | +779.5k |
| FULLER & THALER ASSET MANAGEMENT, INC. | Added | +362.7k |
| Invesco Ltd. | Added | +298.4k |
| BlackRock, Inc. | Added | +255.7k |
| SEI INVESTMENTS CO | Added | +157.4k |
| NEUBERGER BERMAN GROUP LLC | Added | +134.6k |
| FIRST TRUST ADVISORS LP | New | +130.5k |
| First Eagle Investment Management, LLC | Added | +106.2k |
| EMERALD ADVISERS, LLC | Added | +100.9k |
| Allianz Asset Management GmbH | Added | +98.1k |
Biggest sellers
| ALLIANCEBERNSTEIN L.P. | Reduced | -1.3m |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -394.8k |
| Sumitomo Mitsui Trust Group, Inc. | Reduced | -374.2k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -268.7k |
| MORGAN STANLEY | Reduced | -152.6k |
| Retirement Systems of Alabama | Reduced | -134.5k |
| BAILLIE GIFFORD & CO | Reduced | -114.6k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -113.8k |
| D. E. Shaw & Co., Inc. | Sold out | -98.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Sold out | -89.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.7m41.1k shares |
| CITADEL ADVISORS LLC | Added | $3.0m26.2k shares |
| IMC-Chicago, LLC | New | $1.5m12.9k shares |
| JANE STREET GROUP, LLC | New | $893.8k7.8k shares |
| Walleye Trading LLC | New | $217.7k1.9k shares |
| SIMPLEX TRADING, LLC | Unchanged | $11.5k100 shares |
Biggest puts
| LOGAN CAPITAL MANAGEMENT INC | New | $2.5m21.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $595.9k5.2k shares |
| Brevan Howard Capital Management LP | New | $531.1k4.6k shares |
| IMC-Chicago, LLC | New | $366.7k3.2k shares |
| CITADEL ADVISORS LLC | New | $343.8k3.0k shares |
| Walleye Trading LLC | New | $68.8k600 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 |
|---|---|
| Valentin Gapontsev Trust I 13D · may seek influence -2.6 pts · filed 2026-07-28 | 34.3% |
| IP FIBRE DEVICES LTD 13G · exempt (held before listing) filed 2026-07-28 | 15.2% |
| First Eagle Investment Management, LLC 13G · institution filed 2026-08-06 | 7.9% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q1 2026
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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 2 | $225.8k | $141.9k |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 2 | $870.1k | — |
| Q3 2025 | 0 | — | 3 | $602.4k | $220.9k |
| Q4 2025 | 0 | — | 5 | $1.7m | $1.7m |
| Q1 2026 | 0 | — | 4 | $847.6k | $789.5k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-17 | Buttarazzi Mary E. VP, Corp Controller and CAO | Sold | $58.1k500 shares |
| 2026-02-24 | SCHERBAKOV EUGENE A Director | Sold plan | $372.1k2.7k shares |
| 2026-02-24 | IP FIBRE DEVICES LTD 10% owner | Sold plan | $221.8k1.6k shares |
| 2026-02-23 | IP FIBRE DEVICES LTD 10% owner | Sold plan | $4.5m33.4k shares |
| 2026-02-20 | IP FIBRE DEVICES LTD 10% owner | Sold plan | $3.8m29.2k shares |
| 2026-02-17 | Valentin Gapontsev Trust I 10% owner | Sold plan | $8.7m66.5k shares |
| 2026-02-02 | Meurice Eric Director | Sold plan | $71.2k750 shares |
| 2026-01-21 | IP FIBRE DEVICES LTD 10% owner | Sold plan | $1.1m13.4k shares |
| 2026-01-21 | SCHERBAKOV EUGENE A Director | Sold plan | $218.6k2.7k shares |
| 2026-01-21 | Lopresti Angelo P SVP, Secretary & Gen Counsel | Sold plan | $127.5k1.5k shares |
| 2026-01-20 | IP FIBRE DEVICES LTD 10% owner | Sold plan | $1.7m21.6k shares |
| 2026-01-16 | IP FIBRE DEVICES LTD 10% owner | Sold plan | $2.3m29.2k shares |
| 2026-01-15 | Valentin Gapontsev Trust I 10% owner | Sold plan | $637.0k8.0k shares |
| 2026-01-14 | Valentin Gapontsev Trust I 10% owner | Sold plan | $1.4m17.5k shares |
| 2026-01-13 | Valentin Gapontsev Trust I 10% owner | Sold plan | $1.8m23.0k shares |
| 2026-01-12 | Valentin Gapontsev Trust I 10% owner | Sold plan | $1.4m18.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| First Eagle Investment Management, LLC 0.89% of their portfolio | 4.6m $526.4m | Added +106.2k |
| BlackRock, Inc. 0.01% of their portfolio | 2.7m $310.9m | Added +255.7k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 1.7m $194.9m | Reduced -113.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 1.6m $187.9m | First filing |
| LAZARD ASSET MANAGEMENT LLC 0.26% of their portfolio | 1.4m $157.5m | Reduced -394.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.10% of their portfolio | 1.4m $154.7m | Reduced -374.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.1m $130.5m | First filing |
| NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio | 844.4k $96.5m | Added +134.6k |
| STATE STREET CORP 0.00% of their portfolio | 819.3k $93.9m | Added +13.8k |
| WESTWOOD HOLDINGS GROUP INC 0.65% of their portfolio | 779.5k $89.3m | New |
| M&G PLC 0.35% of their portfolio | 596.8k $68.6m | Reduced -24.0k |
| MORGAN STANLEY 0.00% of their portfolio | 592.7k $67.9m | Reduced -152.6k |
| Invesco Ltd. 0.01% of their portfolio | 586.9k $67.3m | Added +298.4k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.21% of their portfolio | 552.0k $63.3m | Added +362.7k |
| DISCIPLINED GROWTH INVESTORS INC /MN 1.24% of their portfolio | 528.7k $60.6m | Reduced -38.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 500.4k $57.4m | Added +15.2k |
| SEGALL BRYANT & HAMILL, LLC 0.77% of their portfolio | 469.5k $53.8m | Added +46.9k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 429.7k $47.7m | Reduced -268.7k |
| Allianz Asset Management GmbH 0.05% of their portfolio | 352.7k $40.4m | Added +98.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 324.2k $37.1m | Reduced -13.7k |
| EMERALD ADVISERS, LLC 1.11% of their portfolio | 304.9k $34.9m | Added +100.9k |
| BAILLIE GIFFORD & CO 0.03% of their portfolio | 269.4k $30.9m | Reduced -114.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 258.6k $29.6m | Added +39.7k |
| Pacific Heights Asset Management LLC 0.86% of their portfolio | 225.0k $25.8m | Unchanged |
| EXCHANGE TRADED CONCEPTS, LLC 0.19% of their portfolio | 215.8k $24.7m | Reduced -42.5k |
| AMERICAN CAPITAL MANAGEMENT INC 1.29% of their portfolio | 208.9k $23.9m | Reduced -26.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 202.5k $23.2m | Added +7.6k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 192.7k $22.1m | Added +157.4k |
| EMERALD MUTUAL FUND ADVISERS TRUST 1.07% of their portfolio | 192.5k $22.1m | Added +70.2k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 187.0k $21.4m | Added +58.1k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 185.8k $21.3m | Added +14.6k |
| Legal & General Group Plc 0.00% of their portfolio | 177.2k $20.3m | Reduced -22.6k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 156.5k $17.9m | First filing |
| Bank of New York Mellon Corp 0.00% of their portfolio | 155.1k $17.8m | Added +2.9k |
| S SQUARED TECHNOLOGY, LLC 6.68% of their portfolio | 153.9k $17.6m | Added +10.0k |
| UBS Group AG 0.00% of their portfolio | 145.8k $16.7m | Added +69.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 138.3k $14.9m | Reduced -49 |
| ROYCE & ASSOCIATES LP 0.15% of their portfolio | 136.0k $15.6m | Reduced -34.2k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.35% of their portfolio | 132.4k $15.2m | Added +6.2k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 130.5k $15.0m | New |
| Quantinno Capital Management LP 0.02% of their portfolio | 106.1k $12.2m | Reduced -4.2k |
| BRANDES INVESTMENT PARTNERS, LP 0.08% of their portfolio | 97.1k $11.1m | Reduced -54.1k |
| SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI 0.85% of their portfolio | 96.7k $11.1m | Added +58 |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 85.7k $9.8m | Added +54.4k |
| Retirement Systems of Alabama 0.03% of their portfolio | 79.3k $9.1m | Reduced -134.5k |
| WESTPORT ASSET MANAGEMENT INC 3.92% of their portfolio | 77.5k $8.9m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 72.7k $8.3m | Added +539 |
| LHM, INC. 3.14% of their portfolio | 69.7k $8.0m | Reduced -38.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 67.9k $7.8m | Added +3.4k |
| Hodges Capital Management Inc. 0.64% of their portfolio | 67.2k $7.7m | Added +44.6k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 66.5k $7.6m | Added +1.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 63.5k $7.3m | Added +18.6k |
| STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio | 62.7k $7.2m | Unchanged |
| CASTLEARK MANAGEMENT LLC 0.23% of their portfolio | 60.5k $6.9m | Added +21.8k |
| PINNACLE ASSOCIATES LTD 0.09% of their portfolio | 59.6k $6.8m | Reduced -6.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 56.4k $6.5m | Added +2.1k |
| Swiss National Bank 0.00% of their portfolio | 50.0k $5.7m | Unchanged |
| INTECH INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 46.4k $5.3m | Reduced -42.6k |
| Nuveen, LLC 0.00% of their portfolio | 45.0k $5.2m | Added +2.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 44.3k $5.1m | Added +97 |
| Tidal Investments LLC 0.01% of their portfolio | 43.7k $4.8m | Added +30.2k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 42.9k $4.9m | Reduced -39.9k |
| Pier Capital, LLC 0.77% of their portfolio | 40.9k $4.7m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 38.7k $4.4m | Added +20.7k |
| QSM Asset Management Ltd 2.10% of their portfolio | 38.6k $4.3m | Reduced -13.2k |
| Old West Investment Management, LLC 0.46% of their portfolio | 37.2k $4.3m | Reduced -1.3k |
| Concurrent Investment Advisors, LLC 0.04% of their portfolio | 35.4k $4.1m | New |
| Raiffeisen Bank International AG 0.05% of their portfolio | 35.0k $3.8m | Unchanged |
| Decker Retirement Planning Inc. 1.69% of their portfolio | 32.6k $3.7m | New |
| RICE HALL JAMES & ASSOCIATES, LLC 0.21% of their portfolio | 32.4k $3.7m | Added +2.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 30.7k $3.5m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 29.7k $3.4m | Added +5.6k |
| GREATMARK INVESTMENT PARTNERS, INC. 0.40% of their portfolio | 29.6k $3.4m | Reduced -792 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 29.5k $2.1m | Reduced -1.3m |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 29.3k $3.4m | Added +21.1k |
| XTX Topco Ltd 0.06% of their portfolio | 28.6k $3.3m | Added +8.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 27.6k $3.2m | Reduced -823 |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.17% of their portfolio | 26.6k $3.2m | New |
| Ballast Asset Management, LP 1.33% of their portfolio | 26.1k $3.0m | Reduced -7.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 25.5k $2.9m | Added +495 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 25.4k $2.7m | Reduced -9.2k |
| SG Americas Securities, LLC 0.00% of their portfolio | 25.4k $2.9m | Reduced -9.6k |
| FIFTH THIRD BANCORP 0.01% of their portfolio | 24.8k $2.8m | Added +24.4k |
| CITIGROUP INC 0.00% of their portfolio | 24.5k $2.8m | Reduced -708 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 23.5k $2.7m | Added +23.3k |
| Kerrisdale Advisers, LLC 1.02% of their portfolio | 23.4k $2.7m | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 22.7k $2.6m | Added +4.4k |
| STRS OHIO 0.01% of their portfolio | 21.4k $2.5m | Added +20.8k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 21.2k $2.4m | New |
| CWM, LLC 0.01% of their portfolio | 21.1k $2.4m | Reduced -2.6k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 21.1k $2.4m | Added +18.9k |
| MOODY NATIONAL BANK TRUST DIVISION 0.22% of their portfolio | 20.3k $2.3m | Added +2.4k |
| Waterfront Wealth Inc. 0.41% of their portfolio | 19.5k $2.2m | Reduced -6.9k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 19.1k $2.2m | First filing |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 18.2k $2.1m | Reduced -313 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 18.2k $2.1m | Added +1.3k |
| Motley Fool Asset Management LLC 0.09% of their portfolio | 18.0k $2.1m | Reduced -4.4k |
| Creative Planning 0.00% of their portfolio | 18.0k $2.1m | Added +2.0k |
| Pathstone Holdings, LLC 0.01% of their portfolio | 17.3k $2.0m | Reduced -7.6k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 17.3k $2.0m | New |