INTERNATIONAL FLAVORS&FRAGRA IFF
COM · Common Stock · CUSIP 459506101 · ISIN US4595061015
American corporation which produces flavors and fragrances
* 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 ($10.9m this quarter). Holder counts are more reliable. Shares outstanding: 256.3m as of 2025-07-31, 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 ≈ $73.56. Options: 22 managers hold calls ($107.9m notional), 17 hold puts ($64.9m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 732 |
| Q4 2022 | 768 |
| Q1 2023 | 759 |
| Q2 2023 | 764 |
| Q3 2023 | 743 |
| Q4 2023 | 767 |
| Q1 2024 | 742 |
| Q2 2024 | 772 |
| Q3 2024 | 788 |
| Q4 2024 | 760 |
| Q1 2025 | 721 |
| Q2 2025 | 690 |
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 2023 | 365 | 360 |
| Q4 2023 | 318 | 392 |
| Q1 2024 | 330 | 386 |
| Q2 2024 | 335 | 354 |
| Q3 2024 | 367 | 343 |
| Q4 2024 | 282 | 430 |
| Q1 2025 | 316 | 366 |
| Q2 2025 | 329 | 348 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $322.7m | $87.8m | 0.27 |
| Q4 2024 | $212.8m | $68.3m | 0.32 |
| Q1 2025 | $71.5m | $46.9m | 0.66 |
| Q2 2025 | $107.9m | $64.9m | 0.60 |
Biggest buyers
| First Eagle Investment Management, LLC | Added | +3.0m |
| Ilex Capital Partners (UK) LLP | New | +2.9m |
| AMERIPRISE FINANCIAL INC | Added | +2.4m |
| Dodge & Cox | Added | +1.3m |
| CAUSEWAY CAPITAL MANAGEMENT LLC | New | +622.7k |
| MILLENNIUM MANAGEMENT LLC | Added | +530.5k |
| VANGUARD GROUP INC | Added | +490.2k |
| J. Goldman & Co LP | New | +436.2k |
| GOLDMAN SACHS GROUP INC | Added | +429.7k |
| FIL Ltd | Added | +411.1k |
Biggest sellers
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -3.8m |
| NORGES BANK | Reduced | -1.5m |
| BlackRock, Inc. | Reduced | -976.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -900.1k |
| Point72 Asset Management, L.P. | Reduced | -688.5k |
| DNB Asset Management AS | Reduced | -539.5k |
| D. E. Shaw & Co., Inc. | Sold out | -526.5k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -489.9k |
| VAN ECK ASSOCIATES CORP | Reduced | -457.2k |
| Robeco Institutional Asset Management B.V. | Reduced | -381.9k |
Biggest calls
| Twin Tree Management, LP | Added | $43.7m594.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $13.5m183.1k shares |
| CITADEL ADVISORS LLC | Reduced | $10.2m138.6k shares |
| GROUP ONE TRADING LLC | Added | $8.8m119.5k shares |
| JANE STREET GROUP, LLC | Added | $3.9m52.7k shares |
| CastleKnight Management LP | New | $3.7m50.0k shares |
| Walleye Trading LLC | Added | $3.6m48.3k shares |
| SIMPLEX TRADING, LLC | Added | $3.4m46.7k shares |
| WOLVERINE TRADING, LLC | Reduced | $2.6m34.9k shares |
| Cubist Systematic Strategies, LLC | Added | $2.4m32.0k shares |
Biggest puts
| Twin Tree Management, LP | New | $26.6m362.2k shares |
| CITADEL ADVISORS LLC | Reduced | $11.2m152.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $7.9m107.2k shares |
| Walleye Trading LLC | Reduced | $6.5m87.9k shares |
| Marex Group Ltd | New | $2.9m40.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $2.6m34.8k shares |
| IMC-Chicago, LLC | Reduced | $1.8m25.0k shares |
| Cubist Systematic Strategies, LLC | Added | $1.3m17.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $1.2m16.6k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $823.8k11.2k 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 |
|---|---|
| DODGE & COX 13G · institution +1.4 pts · filed 2025-08-13 | 13.7% |
| Winder Pte. Ltd. 13G · passive investor filed 2025-02-14 | 9.9% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.4% |
| BlackRock, Inc. 13G · institution filed 2025-04-24 | 7.0% |
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 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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 1 | $247.6k | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $458.8k | — |
| Q1 2025 | 2 | $2.5m | 0 | — | — |
| Q2 2025 | 5 | $3.5m | 1 | $185.6k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-05-22 | O'Byrne Kevin Director | Bought | $342.2k4.5k shares |
| 2025-05-19 | Landsman Stephen N EVP, General Counsel | Bought | $927.4k12.0k shares |
| 2025-05-19 | Yildiz Beril CAO, SVP & Controller | Sold | $185.6k2.4k shares |
| 2025-05-19 | Palau Hernandez Margarita Director | Bought | $65.8k850 shares |
| 2025-05-15 | Khan Mehmood Director | Bought | $301.3k4.0k shares |
| 2025-05-09 | Fyrwald J Erik Chief Executive Officer, director | Bought | $1.8m24.3k shares |
| 2025-05-08 | Fyrwald J Erik Chief Executive Officer, director | Bought | $51.8k700 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 2025
| Manager | Shares | Change |
|---|---|---|
| Dodge & Cox 1.45% of their portfolio | 35.0m $2.6bn | Added +1.3m |
| VANGUARD GROUP INC 0.04% of their portfolio | 30.9m $2.3bn | Added +490.2k |
| Freemont Capital Pte Ltd 38.21% of their portfolio | 25.4m $1.9bn | Unchanged |
| BlackRock, Inc. 0.03% of their portfolio | 22.1m $1.6bn | Reduced -976.7k |
| STATE STREET CORP 0.03% of their portfolio | 10.9m $804.8m | Added +381.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 6.5m $473.0m | Added +123.5k |
| First Eagle Investment Management, LLC 0.80% of their portfolio | 5.4m $400.2m | Added +3.0m |
| VAN ECK ASSOCIATES CORP 0.45% of their portfolio | 5.3m $393.2m | Reduced -457.2k |
| First Pacific Advisors, LP 4.33% of their portfolio | 4.1m $302.4m | Added +49.5k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.25% of their portfolio | 3.8m $281.1m | Unchanged |
| ICAHN CARL C 3.50% of their portfolio | 3.8m $275.8m | Unchanged |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.08% of their portfolio | 3.5m $258.5m | Reduced -168.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 3.1m $228.6m | Added +306.5k |
| Invesco Ltd. 0.04% of their portfolio | 3.1m $227.9m | Added +105.7k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 3.0m $220.5m | Reduced -113.3k |
| Ilex Capital Partners (UK) LLP 7.02% of their portfolio | 2.9m $212.1m | New |
| MORGAN STANLEY 0.01% of their portfolio | 2.6m $193.5m | Reduced -97.2k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.19% of their portfolio | 2.5m $183.7m | Reduced -489.9k |
| AMERIPRISE FINANCIAL INC 0.05% of their portfolio | 2.5m $183.3m | Added +2.4m |
| CONTINENTAL GRAIN CO 47.01% of their portfolio | 2.3m $168.7m | Added +198.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.15% of their portfolio | 2.2m $163.2m | Reduced -3.8m |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.2m $160.5m | Added +278.0k |
| NORGES BANK 0.02% of their portfolio | 2.1m $152.7m | Reduced -1.5m |
| MILLENNIUM MANAGEMENT LLC 0.12% of their portfolio | 1.9m $138.7m | Added +530.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.6m $120.2m | Added +56.2k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.6m $116.1m | Reduced -115.4k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.5m $110.1m | Added +231.7k |
| Pictet Asset Management Holding SA 0.11% of their portfolio | 1.5m $109.2m | Added +586 |
| Legal & General Group Plc 0.03% of their portfolio | 1.5m $109.0m | Reduced -105.6k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.5m $107.5m | Added +429.7k |
| CITADEL ADVISORS LLC 0.09% of their portfolio | 1.4m $106.1m | Added +330.9k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.58% of their portfolio | 1.4m $100.2m | Added +12.9k |
| FIL Ltd 0.09% of their portfolio | 1.4m $100.0m | Added +411.1k |
| Alyeska Investment Group, L.P. 0.29% of their portfolio | 1.1m $81.6m | Added +180.1k |
| UBS Group AG 0.02% of their portfolio | 1.0m $76.6m | Reduced -271.7k |
| BARCLAYS PLC 0.03% of their portfolio | 908.9k $66.8m | Added +230.4k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 902.5k $66.4m | Reduced -38.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 852.9k $62.7m | Reduced -253.6k |
| Swiss National Bank 0.03% of their portfolio | 774.1k $56.9m | Added +53.1k |
| Capital Research Global Investors 0.01% of their portfolio | 753.8k $55.4m | Unchanged |
| FMR LLC 0.00% of their portfolio | 748.9k $55.1m | Added +196.5k |
| Douglas Lane & Associates, LLC 0.80% of their portfolio | 747.8k $55.0m | Reduced -51.9k |
| Nuveen, LLC 0.01% of their portfolio | 736.5k $54.2m | Reduced -2.1k |
| STALEY CAPITAL ADVISERS INC 2.05% of their portfolio | 656.6k $48.3m | Added +59.4k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.72% of their portfolio | 622.7k $45.8m | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 612.2k $45.0m | Added +42.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 605.1k $44.5m | Added +13.6k |
| Squarepoint Ops LLC 0.10% of their portfolio | 595.5k $43.8m | Reduced -370.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 573.6k $42.2m | Added +149.9k |
| Amundi 0.01% of their portfolio | 545.5k $41.8m | Added +47.7k |
| CITIGROUP INC 0.03% of their portfolio | 494.4k $36.4m | Added +210.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 487.8k $35.9m | Reduced -141.7k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 484.9k $35.7m | Reduced -32.4k |
| DEPRINCE RACE & ZOLLO INC 0.71% of their portfolio | 461.8k $34.0m | Reduced -35.8k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 446.0k $32.8m | Reduced -12.4k |
| National Pension Service 0.03% of their portfolio | 445.6k $32.8m | Added +2.8k |
| California Public Employees Retirement System 0.02% of their portfolio | 444.1k $32.7m | Added +29.1k |
| J. Goldman & Co LP 1.01% of their portfolio | 436.2k $32.1m | New |
| Point72 Asset Management, L.P. 0.08% of their portfolio | 432.3k $31.8m | Reduced -688.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 418.5k $30.8m | Reduced -288.6k |
| Woodline Partners LP 0.16% of their portfolio | 411.1k $30.2m | Added +86.3k |
| CADEN CAPITAL PARTNERS, LP 9.79% of their portfolio | 400.4k $29.4m | Reduced -122.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 396.8k $29.4m | Added +248.2k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 396.6k $29.2m | Added +71.2k |
| EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 3.50% of their portfolio | 377.1k $27.7m | Added +14.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 376.1k $27.7m | Reduced -900.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 376.0k $27.7m | Added +26.2k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 373.6k $27.5m | Added +52.6k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 324.1k $23.8m | Added +206.6k |
| ZWJ INVESTMENT COUNSEL INC 0.88% of their portfolio | 320.4k $23.6m | Added +15.2k |
| Leith Wheeler Investment Counsel Ltd. 1.49% of their portfolio | 284.4k $20.9m | Added +1.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 278.9k $20.5m | Reduced -9.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 265.1k $19.5m | Added +3.0k |
| Robeco Institutional Asset Management B.V. 0.03% of their portfolio | 260.3k $19.1m | Reduced -381.9k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 253.4k $18.6m | Added +71.7k |
| BROWN BROTHERS HARRIMAN & CO 0.12% of their portfolio | 250.9k $18.5m | Added +792 |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 246.4k $18.1m | Reduced -342.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 242.6k $17.8m | Reduced -8.5k |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 4.08% of their portfolio | 239.9k $17.6m | New |
| Aberdeen Group plc 0.03% of their portfolio | 236.0k $17.4m | Added +10.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 234.3k $17.2m | Added +1.0k |
| GREAT LAKES ADVISORS, LLC 0.14% of their portfolio | 233.8k $17.2m | Added +41.0k |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 233.0k $17.1m | Added +25.5k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 227.3k $16.7m | Added +59.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 224.1k $16.5m | Added +50.8k |
| Swedbank AB 0.02% of their portfolio | 223.3k $16.4m | First filing |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.04% of their portfolio | 220.2k $16.2m | Reduced -97.0k |
| Redwood Grove Capital, LLC 5.36% of their portfolio | 219.7k $16.2m | Unchanged |
| Bank Pictet & Cie (Europe) AG 0.34% of their portfolio | 218.4k $16.1m | Reduced -180.0k |
| OFI INVEST ASSET MANAGEMENT 0.33% of their portfolio | 212.2k $13.3m | Added +15.0k |
| WILKINS INVESTMENT COUNSEL INC 2.16% of their portfolio | 207.9k $15.3m | Added +680 |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 202.1k $14.9m | Added +57.5k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 201.3k $14.8m | Reduced -5.7k |
| Covea Finance 0.55% of their portfolio | 199.8k $14.7m | Added +68.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 199.6k $14.7m | Reduced -1.5k |
| AVIVA PLC 0.03% of their portfolio | 190.2k $14.0m | Added +11.5k |
| CLIFFORD SWAN INVESTMENT COUNSEL LLC 0.48% of their portfolio | 183.1k $13.5m | Reduced -16.6k |
| Quantinno Capital Management LP 0.06% of their portfolio | 181.0k $13.3m | Added +31.0k |
| APG Asset Management N.V. 0.03% of their portfolio | 178.0k $11.1m | Added +9.7k |
| TRILLIUM ASSET MANAGEMENT, LLC 0.34% of their portfolio | 172.5k $12.7m | Reduced -34.2k |