INTERNATIONAL BUSINESS MACHS IBM
COM · Common Stock · CUSIP 459200101 · ISIN US4592001014
American multinational technology company
* 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 ($455.8m this quarter). Holder counts are more reliable. Shares outstanding: 921.1m as of 2024-06-30, 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 ≈ $172.79. Options: 68 managers hold calls ($2.6bn notional), 65 hold puts ($2.0bn).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,288 |
| Q4 2022 | 2,435 |
| Q1 2023 | 2,398 |
| Q2 2023 | 2,428 |
| Q3 2023 | 2,468 |
| Q4 2023 | 2,685 |
| Q1 2024 | 2,807 |
| Q2 2024 | 2,762 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 1,084 | 999 |
| Q1 2023 | 1,155 | 1,029 |
| Q2 2023 | 1,118 | 1,054 |
| Q3 2023 | 1,113 | 1,062 |
| Q4 2023 | 1,149 | 1,145 |
| Q1 2024 | 1,325 | 1,199 |
| Q2 2024 | 1,310 | 1,173 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $2.3bn | $2.1bn | 0.91 |
| Q4 2023 | $2.8bn | $2.5bn | 0.88 |
| Q1 2024 | $3.8bn | $3.0bn | 0.80 |
| Q2 2024 | $2.6bn | $2.0bn | 0.78 |
Biggest buyers
| Capital World Investors | Added | +2.0m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.8m |
| Thrivent Financial for Lutherans | Added | +1.1m |
| VANGUARD GROUP INC | Added | +982.1k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +714.5k |
| JPMORGAN CHASE & CO | Added | +577.8k |
| SG Americas Securities, LLC | Added | +553.0k |
| FRANKLIN RESOURCES INC | Added | +499.2k |
| Strategic Financial Concepts, LLC | Added | +468.6k |
| BARCLAYS PLC | Added | +461.9k |
Biggest sellers
| MORGAN STANLEY | Reduced | -28.7m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -2.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.2m |
| FMR LLC | Reduced | -1.0m |
| California Public Employees Retirement System | Reduced | -808.8k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -610.0k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -555.0k |
| APG Asset Management N.V. | Reduced | -487.1k |
| ROYAL BANK OF CANADA | Reduced | -451.1k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -427.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $631.9m3.7m shares |
| CITADEL ADVISORS LLC | Reduced | $383.1m2.2m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $140.7m813.6k shares |
| JANE STREET GROUP, LLC | Added | $130.8m756.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $109.5m633.4k shares |
| PEAK6 Investments LLC | Reduced | $102.9m595.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $87.1m503.5k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $82.4m476.4k shares |
| IMC-Chicago, LLC | Reduced | $79.2m458.2k shares |
| Balyasny Asset Management L.P. | Added | $79.2m457.7k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $365.5m2.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $210.4m1.2m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $135.9m785.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $132.3m765.0k shares |
| Qube Research & Technologies Ltd | Added | $126.9m733.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $73.2m498.2k shares |
| UBS Group AG | Reduced | $72.0m416.1k shares |
| CMT Capital Markets Trading GmbH | Reduced | $69.1m399.8k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $61.7m357.0k shares |
| JANE STREET GROUP, LLC | Reduced | $57.2m330.9k 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 |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2024
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 |
|---|---|---|---|---|---|
| Q3 2022 | 1 | $125.0k | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $445.1k | — |
| Q1 2023 | 0 | — | 1 | $5.2m | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $1.8m | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.30% of their portfolio | 89.1m $15.4bn | Added +982.1k |
| BlackRock Inc. 0.30% of their portfolio | 75.4m $13.0bn | Added +266.5k |
| STATE STREET CORP 0.41% of their portfolio | 54.5m $9.4bn | Reduced -23.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.31% of their portfolio | 20.5m $3.5bn | Added +714.5k |
| BANK OF AMERICA CORP /DE/ 0.27% of their portfolio | 16.4m $2.8bn | Added +9.6k |
| JPMORGAN CHASE & CO 0.11% of their portfolio | 15.2m $2.6bn | Added +577.8k |
| MORGAN STANLEY 0.18% of their portfolio | 13.8m $2.4bn | Reduced -28.7m |
| NORTHERN TRUST CORP 0.28% of their portfolio | 9.5m $1.6bn | Added +197.4k |
| Amundi 0.63% of their portfolio | 9.4m $1.7bn | Added +207.3k |
| Bank of New York Mellon Corp 0.28% of their portfolio | 8.5m $1.5bn | Reduced -237.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.38% of their portfolio | 7.6m $1.3bn | Added +1.8m |
| AMERIPRISE FINANCIAL INC 0.34% of their portfolio | 7.4m $1.3bn | Added +444.7k |
| Legal & General Group Plc 0.33% of their portfolio | 6.7m $1.2bn | Added +30.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.22% of their portfolio | 6.5m $1.1bn | Added +73.7k |
| NORGES BANK 0.14% of their portfolio | 5.4m $935.8m | Reduced -45.9k |
| California Public Employees Retirement System 0.67% of their portfolio | 5.3m $908.4m | Reduced -808.8k |
| FMR LLC 0.05% of their portfolio | 4.9m $847.7m | Reduced -1.0m |
| ROYAL BANK OF CANADA 0.20% of their portfolio | 4.8m $836.0m | Reduced -451.1k |
| DIMENSIONAL FUND ADVISORS LP 0.22% of their portfolio | 4.8m $829.4m | Added +304.4k |
| GOLDMAN SACHS GROUP INC 0.16% of their portfolio | 4.6m $797.6m | Added +273.6k |
| WELLS FARGO & COMPANY/MN 0.20% of their portfolio | 4.4m $763.9m | Added +19.6k |
| BARCLAYS PLC 0.35% of their portfolio | 4.4m $760.3m | Added +461.9k |
| Invesco Ltd. 0.15% of their portfolio | 4.2m $718.3m | Added +131.4k |
| UBS Group AG 0.22% of their portfolio | 4.0m $700.0m | Added +224.3k |
| FIRST TRUST ADVISORS LP 0.63% of their portfolio | 3.6m $616.9m | Added +360.1k |
| Nuveen Asset Management, LLC 0.17% of their portfolio | 3.4m $580.8m | Reduced -333.4k |
| DEUTSCHE BANK AG\ 0.25% of their portfolio | 3.2m $554.4m | Added +191.1k |
| HSBC HOLDINGS PLC 0.30% of their portfolio | 2.7m $471.0m | Reduced -221.5k |
| Swiss National Bank 0.32% of their portfolio | 2.7m $469.4m | Reduced -20.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.31% of their portfolio | 2.4m $422.1m | Reduced -186.1k |
| Capital World Investors 0.07% of their portfolio | 2.3m $401.2m | Added +2.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 2.3m $396.3m | Reduced -1.2m |
| NEUBERGER BERMAN GROUP LLC 0.28% of their portfolio | 2.0m $344.9m | Reduced -70.2k |
| STIFEL FINANCIAL CORP 0.37% of their portfolio | 1.9m $330.8m | Added +70.0k |
| RHUMBLINE ADVISERS 0.29% of their portfolio | 1.8m $309.7m | Added +2.0k |
| National Pension Service 0.35% of their portfolio | 1.7m $301.2m | Added +45.7k |
| LSV ASSET MANAGEMENT 0.65% of their portfolio | 1.7m $296.6m | Reduced -73.2k |
| BANK OF MONTREAL /CAN/ 0.09% of their portfolio | 1.7m $289.1m | Added +177.4k |
| Capital Wealth Planning, LLC 2.86% of their portfolio | 1.6m $273.0m | Added +127.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.29% of their portfolio | 1.6m $268.5m | Added +362.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.32% of their portfolio | 1.5m $261.3m | Added +7.0k |
| Aberdeen Group plc 0.48% of their portfolio | 1.4m $248.4m | Added +195.2k |
| Thrivent Financial for Lutherans 0.49% of their portfolio | 1.4m $242.4m | Added +1.1m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.29% of their portfolio | 1.4m $236.9m | Added +128.8k |
| HighTower Advisors, LLC 0.36% of their portfolio | 1.3m $231.5m | Added +7.5k |
| FRANKLIN RESOURCES INC 0.07% of their portfolio | 1.3m $228.3m | Added +499.2k |
| RAYMOND JAMES & ASSOCIATES 0.15% of their portfolio | 1.3m $226.6m | Reduced -52.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio | 1.3m $226.5m | Added +68.2k |
| ProShare Advisors LLC 0.60% of their portfolio | 1.3m $222.8m | Added +12.9k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.24% of their portfolio | 1.3m $221.5m | Added +125.9k |
| CITIGROUP INC 0.21% of their portfolio | 1.3m $220.9m | Added +175.5k |
| DekaBank Deutsche Girozentrale 0.39% of their portfolio | 1.3m $215.0m | Reduced -102.5k |
| CANADA LIFE ASSURANCE Co 0.40% of their portfolio | 1.2m $213.9m | Added +166.0k |
| AQR CAPITAL MANAGEMENT LLC 0.32% of their portfolio | 1.2m $209.5m | Added +2.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.28% of their portfolio | 1.2m $211.3m | Reduced -7.9k |
| LPL Financial LLC 0.10% of their portfolio | 1.2m $208.5m | Added +99.6k |
| PNC Financial Services Group, Inc. 0.14% of their portfolio | 1.2m $204.3m | Reduced -10.1k |
| PRUDENTIAL FINANCIAL INC 0.30% of their portfolio | 1.1m $196.9m | Reduced -309.1k |
| Swedbank AB 0.24% of their portfolio | 1.1m $182.3m | Reduced -7.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.11% of their portfolio | 1.0m $181.1m | Reduced -18.3k |
| ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio | 1.0m $176.8m | Reduced -610.0k |
| W1M Investment Management Ltd 3.22% of their portfolio | 987.7k $170.9m | Added +38.0k |
| APG Asset Management N.V. 0.28% of their portfolio | 971.0k $156.7m | Reduced -487.1k |
| Robeco Institutional Asset Management B.V. 0.35% of their portfolio | 946.4k $163.7m | Reduced -184.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.31% of their portfolio | 904.9k $156.5m | Reduced -89.2k |
| Unisphere Establishment 1.57% of their portfolio | 900.0k $155.7m | Reduced -265.0k |
| Epoch Investment Partners, Inc. 0.71% of their portfolio | 893.3k $154.5m | Reduced -40.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.28% of their portfolio | 876.2k $151.5m | Reduced -22.0k |
| AXA S.A. 0.22% of their portfolio | 864.4k $149.5m | Added +450.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.31% of their portfolio | 858.2k $148.4m | Reduced -18.5k |
| NATIONAL BANK OF CANADA /FI/ 0.23% of their portfolio | 851.3k $149.0m | Reduced -71.2k |
| Brandywine Global Investment Management, LLC 1.08% of their portfolio | 833.0k $144.1m | Added +232.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.16% of their portfolio | 832.8k $144.0m | Reduced -80.8k |
| SG Americas Securities, LLC 0.90% of their portfolio | 825.4k $142.7m | Added +553.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.34% of their portfolio | 822.4k $142.2m | Added +21.9k |
| Caisse de depot et placement du Quebec 0.34% of their portfolio | 813.8k $140.7m | Reduced -278.3k |
| Retirement Systems of Alabama 0.52% of their portfolio | 776.4k $134.3m | Reduced -33.6k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.86% of their portfolio | 762.7k $131.9m | Reduced -30.1k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.29% of their portfolio | 710.7k $122.9m | Added +47.4k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.19% of their portfolio | 696.1k $120.4m | Added +2.6k |
| JANUS HENDERSON GROUP PLC 0.06% of their portfolio | 687.9k $119.0m | Reduced -29.3k |
| Raymond James Financial Services Advisors, Inc. 0.16% of their portfolio | 654.2k $113.1m | Added +8.0k |
| Janney Montgomery Scott LLC 0.34% of their portfolio | 650.6k $112.5m | Added +10.4k |
| TCW GROUP INC 0.99% of their portfolio | 639.6k $110.6m | Added +220.4k |
| TD Asset Management Inc 0.10% of their portfolio | 620.6k $107.3m | Added +24.8k |
| Russell Investments Group, Ltd. 0.17% of their portfolio | 606.3k $104.5m | Reduced -8.3k |
| Penserra Capital Management LLC 1.32% of their portfolio | 604.2k $104.5m | Added +104.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.43% of their portfolio | 594.6k $102.8m | Reduced -20.7k |
| US BANCORP \DE\ 0.14% of their portfolio | 583.7k $100.9m | Added +1.8k |
| Allspring Global Investments Holdings, LLC 0.16% of their portfolio | 580.3k $100.4m | Added +71.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.09% of their portfolio | 579.6k $100.3m | Reduced -6.0k |
| Korea Investment CORP 0.25% of their portfolio | 563.8k $97.5m | Reduced -207.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.23% of their portfolio | 559.4k $96.7m | First filing |
| ING GROEP NV 0.57% of their portfolio | 556.5k $96.2m | Added +144.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.25% of their portfolio | 552.6k $95.6m | Reduced -91.8k |
| TORONTO DOMINION BANK 0.15% of their portfolio | 534.3k $92.4m | Reduced -87.6k |
| TRUIST FINANCIAL CORP 0.14% of their portfolio | 530.3k $91.7m | Reduced -20.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio | 528.6k $91.4m | Reduced -67.2k |
| Chevy Chase Trust Holdings, LLC 0.29% of their portfolio | 521.9k $90.3m | Reduced -5.7k |
| Baird Financial Group, Inc. 0.19% of their portfolio | 519.5k $89.9m | Added +4.3k |