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 ($12.5m this quarter). Holder counts are more reliable. Shares outstanding: 42.5m as of 2026-08-03, 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 ≈ $117.20. Options: 8 managers hold calls ($7.1m notional), 8 hold puts ($6.9m).
Trends to Q2 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 |
| Q2 2026 | 359 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 210 | 143 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $2.5m | $110.0k | 0.04 |
| Q4 2025 | $880.7k | $673.0k | 0.76 |
| Q1 2026 | $10.3m | $4.4m | 0.42 |
| Q2 2026 | $7.1m | $6.9m | 0.97 |
Biggest buyers
| First Eagle Investment Management, LLC | Added | +2.1m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +1.3m |
| NEXT CENTURY GROWTH INVESTORS LLC | New | +270.8k |
| CITADEL ADVISORS LLC | Added | +192.0k |
| AMERIPRISE FINANCIAL INC | Added | +154.0k |
| BlackRock, Inc. | Added | +137.2k |
| NEUBERGER BERMAN GROUP LLC | Added | +132.6k |
| Legal & General Group Plc | Added | +122.1k |
| WESTWOOD HOLDINGS GROUP INC | Added | +122.0k |
| Clear Street Group Inc. | New | +102.5k |
Biggest sellers
| FULLER & THALER ASSET MANAGEMENT, INC. | Reduced | -372.7k |
| Invesco Ltd. | Reduced | -186.8k |
| MORGAN STANLEY | Reduced | -161.0k |
| BAILLIE GIFFORD & CO | Reduced | -108.9k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -101.0k |
| FIRST TRUST ADVISORS LP | Reduced | -66.2k |
| CASTLEARK MANAGEMENT LLC | Sold out | -60.5k |
| JPMORGAN CHASE & CO | Reduced | -56.5k |
| Retirement Systems of Alabama | Reduced | -53.0k |
| UBS Group AG | Reduced | -44.1k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $2.6m22.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.9m16.6k shares |
| IMC-Chicago, LLC | Added | $1.5m13.1k shares |
| JANE STREET GROUP, LLC | Reduced | $504.5k4.3k shares |
| Walleye Capital LLC | New | $164.2k1.4k shares |
| Walleye Trading LLC | Reduced | $129.1k1.1k shares |
| GROUP ONE TRADING LLC | New | $117.3k1.0k shares |
| SIMPLEX TRADING, LLC | Added | $105.6k900 shares |
Biggest puts
| IMC-Chicago, LLC | Added | $2.3m19.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.7m14.4k shares |
| CITADEL ADVISORS LLC | Added | $1.3m11.4k shares |
| SIMPLEX TRADING, LLC | New | $586.6k5.0k shares |
| JANE STREET GROUP, LLC | New | $504.5k4.3k shares |
| Walleye Capital LLC | New | $234.6k2.0k shares |
| Twin Tree Management, LP | New | $152.5k1.3k shares |
| Walleye Trading LLC | Unchanged | $70.4k600 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2026 | 0 | — | 5 | $1.8m | $443.2k |
| Q3 2026 | 1 | $199.4k | 1 | $132.0k | $132.0k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-02 | Valentin Gapontsev Trust I 10% owner | Sold plan | $706.8k9.3k shares |
| 2026-09-01 | Valentin Gapontsev Trust I 10% owner | Sold plan | $1.4m18.1k shares |
| 2026-08-26 | PEELER JOHN R Director | Bought | $199.4k2.7k shares |
| 2026-08-05 | IP FIBRE DEVICES LTD 10% owner | Sold plan | $1.7m18.1k shares |
| 2026-08-04 | IP FIBRE DEVICES LTD 10% owner | Sold plan | $1.2m12.2k shares |
| 2026-07-31 | IP FIBRE DEVICES LTD 10% owner | Sold plan | $2.3m27.0k shares |
| 2026-07-31 | SCHERBAKOV EUGENE A Director | Sold plan | $132.0k1.5k shares |
| 2026-07-21 | Valentin Gapontsev Trust I 10% owner | Sold plan | $5.8m56.3k shares |
| 2026-06-29 | IP FIBRE DEVICES LTD 10% owner | Sold plan | $6.8m65.7k shares |
| 2026-06-29 | SCHERBAKOV EUGENE A Director | Sold plan | $154.8k1.5k shares |
| 2026-06-29 | Lopresti Angelo P SVP, Secretary & Gen Counsel | Sold plan | $110.3k1.0k shares |
| 2026-06-22 | Agnes Tang Director | Sold plan | $178.1k1.5k shares |
| 2026-05-22 | Mammen Timothy PV SVP, Chief Financial Officer | Sold | $1.2m10.0k shares |
| 2026-05-14 | Desmond Jeanmarie F. Director | Sold | $178.4k1.7k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| First Eagle Investment Management, LLC 0.65% of their portfolio | 6.7m $783.4m | Added +2.1m |
| BlackRock, Inc. 0.00% of their portfolio | 2.9m $334.4m | Added +137.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 1.6m $193.1m | Added +6.1k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.6m $187.7m | Reduced -101.0k |
| LAZARD ASSET MANAGEMENT LLC 0.25% of their portfolio | 1.4m $167.5m | Added +53.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio | 1.4m $159.8m | Added +11.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio | 1.3m $154.3m | Added +1.3m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.2m $135.1m | Added +12.6k |
| NEUBERGER BERMAN GROUP LLC 0.08% of their portfolio | 977.0k $114.1m | Added +132.6k |
| STATE STREET CORP 0.00% of their portfolio | 909.3k $106.7m | Added +90.0k |
| WESTWOOD HOLDINGS GROUP INC 0.80% of their portfolio | 901.5k $105.8m | Added +122.0k |
| M&G PLC 0.35% of their portfolio | 596.4k $69.8m | Reduced -371 |
| DISCIPLINED GROWTH INVESTORS INC /MN 1.05% of their portfolio | 530.8k $62.3m | Added +2.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 511.9k $60.1m | Added +11.5k |
| SEGALL BRYANT & HAMILL, LLC 0.69% of their portfolio | 498.8k $58.5m | Added +29.3k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 448.6k $50.6m | Added +18.9k |
| MORGAN STANLEY 0.00% of their portfolio | 431.6k $50.6m | Reduced -161.0k |
| Invesco Ltd. 0.00% of their portfolio | 400.1k $46.9m | Reduced -186.8k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 377.8k $44.3m | Added +192.0k |
| Allianz Asset Management GmbH 0.04% of their portfolio | 337.7k $39.6m | Reduced -14.9k |
| EMERALD ADVISERS, LLC 0.90% of their portfolio | 326.7k $38.3m | Added +21.8k |
| EXCHANGE TRADED CONCEPTS, LLC 0.18% of their portfolio | 304.5k $35.7m | Added +88.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 300.3k $35.2m | Reduced -23.8k |
| Legal & General Group Plc 0.01% of their portfolio | 299.3k $35.1m | Added +122.1k |
| NEXT CENTURY GROWTH INVESTORS LLC 1.68% of their portfolio | 270.8k $31.8m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 269.2k $31.6m | Added +10.6k |
| Pacific Heights Asset Management LLC 0.84% of their portfolio | 225.0k $26.4m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 221.9k $26.0m | Added +154.0k |
| NORGES BANK 0.00% of their portfolio | 215.0k $25.2m | Not comparable |
| NORTHERN TRUST CORP 0.00% of their portfolio | 212.7k $25.0m | Added +10.3k |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.87% of their portfolio | 210.8k $24.7m | Added +18.3k |
| AMERICAN CAPITAL MANAGEMENT INC 1.04% of their portfolio | 197.9k $23.2m | Reduced -11.0k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 197.2k $23.1m | Added +4.5k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.06% of their portfolio | 179.3k $21.0m | Reduced -372.7k |
| S SQUARED TECHNOLOGY, LLC 6.15% of their portfolio | 168.9k $19.8m | Added +15.0k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 166.8k $19.6m | Reduced -20.2k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 161.0k $18.9m | Added +4.5k |
| ROYCE & ASSOCIATES LP 0.15% of their portfolio | 160.9k $18.9m | Added +24.8k |
| BAILLIE GIFFORD & CO 0.02% of their portfolio | 160.5k $18.8m | Reduced -108.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 160.0k $18.8m | Added +96.5k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.36% of their portfolio | 153.0k $18.0m | Added +20.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 149.3k $17.5m | Reduced -5.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 122.2k $14.3m | Added +36.5k |
| Quantinno Capital Management LP 0.01% of their portfolio | 103.3k $12.1m | Reduced -2.7k |
| BRANDES INVESTMENT PARTNERS, LP 0.08% of their portfolio | 103.2k $12.1m | Added +6.1k |
| Clear Street Group Inc. 0.04% of their portfolio | 102.5k $12.0m | New |
| UBS Group AG 0.00% of their portfolio | 101.7k $11.9m | Reduced -44.1k |
| Hodges Capital Management Inc. 0.78% of their portfolio | 99.5k $11.7m | Added +32.3k |
| SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI 0.75% of their portfolio | 95.9k $11.3m | Reduced -758 |
| CONGRUENCE CAPITAL, LLC 2.91% of their portfolio | 94.8k $11.1m | New |
| Tuttle Capital Management, LLC 7.23% of their portfolio | 91.4k $10.7m | New |
| Aristotle Capital Boston, LLC 0.68% of their portfolio | 86.0k $10.1m | Added +70.5k |
| LHM, INC. 3.43% of their portfolio | 85.7k $10.1m | Added +16.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 81.8k $9.2m | Reduced -56.5k |
| Old West Investment Management, LLC 1.01% of their portfolio | 81.2k $9.5m | Added +44.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 80.2k $9.4m | Added +7.6k |
| WESTPORT ASSET MANAGEMENT INC 3.71% of their portfolio | 77.5k $9.1m | Unchanged |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 77.3k $9.1m | Added +56.2k |
| Nuveen, LLC 0.00% of their portfolio | 69.1k $8.1m | Added +24.1k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 66.3k $7.8m | Reduced -203 |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 64.3k $7.5m | Reduced -66.2k |
| STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio | 62.7k $7.4m | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 58.0k $6.8m | Added +45.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 57.8k $6.8m | Added +1.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 56.3k $6.6m | Added +17.6k |
| PINNACLE ASSOCIATES LTD 0.07% of their portfolio | 55.5k $6.5m | Reduced -4.0k |
| Swiss National Bank 0.00% of their portfolio | 53.2k $6.2m | Added +3.2k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 52.6k $6.2m | Added +9.8k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 42.6k $5.0m | New |
| Tidal Investments LLC 0.01% of their portfolio | 42.2k $5.0m | Reduced -1.5k |
| Pier Capital, LLC 0.65% of their portfolio | 41.6k $4.9m | Added +689 |
| Kerrisdale Advisers, LLC 1.22% of their portfolio | 41.5k $4.9m | Added +18.0k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 40.7k $4.8m | Added +27.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 40.5k $4.7m | Reduced -3.8k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 36.6k $4.3m | Added +7.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 35.3k $3.9m | Added +9.9k |
| Raiffeisen Bank International AG 0.05% of their portfolio | 35.0k $3.9m | Unchanged |
| TRILLIUM ASSET MANAGEMENT, LLC 0.12% of their portfolio | 33.6k $3.9m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 32.9k $3.9m | Added +22.8k |
| SG Americas Securities, LLC 0.00% of their portfolio | 31.8k $3.7m | Added +6.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 30.7k $3.6m | Added +1.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 30.2k $3.5m | Reduced -490 |
| RICE HALL JAMES & ASSOCIATES, LLC 0.17% of their portfolio | 30.0k $3.5m | Reduced -2.4k |
| GREATMARK INVESTMENT PARTNERS, INC. 0.39% of their portfolio | 29.8k $3.5m | Added +175 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 29.6k $3.4m | Added +20 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 28.4k $3.3m | Added +823 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 27.6k $3.2m | Added +2.1k |
| CITIGROUP INC 0.00% of their portfolio | 27.3k $3.2m | Added +2.8k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.16% of their portfolio | 26.4k $3.1m | Reduced -243 |
| Retirement Systems of Alabama 0.01% of their portfolio | 26.3k $3.1m | Reduced -53.0k |
| Ballast Asset Management, LP 1.21% of their portfolio | 25.9k $3.0m | Reduced -244 |
| Holocene Advisors, LP 0.01% of their portfolio | 24.8k $2.9m | Added +16.1k |
| ALGERT GLOBAL LLC 0.03% of their portfolio | 24.1k $2.8m | Added +17.6k |
| Main Management ETF Advisors, LLC 0.08% of their portfolio | 23.6k $2.8m | New |
| MOODY NATIONAL BANK TRUST DIVISION 0.22% of their portfolio | 22.5k $2.6m | Added +2.2k |
| LOGAN CAPITAL MANAGEMENT INC 0.09% of their portfolio | 21.5k $2.5m | New |
| HUSSMAN STRATEGIC ADVISORS, INC. 0.57% of their portfolio | 21.0k $2.5m | New |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 20.9k $2.4m | Added +1.8k |
| Vestcor Inc 0.06% of their portfolio | 20.0k $2.3m | New |
| Summit Trail Advisors, LLC 0.03% of their portfolio | 19.9k $2.3m | Added +9.1k |