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 ($45.3m this quarter). Holder counts are more reliable. Shares outstanding: 256.1m as of 2025-10-31, 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 ≈ $61.53. Options: 20 managers hold calls ($79.4m notional), 17 hold puts ($67.5m).
Trends to Q3 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 |
| Q3 2025 | 705 |
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 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 |
| Q3 2025 | 344 | 333 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $212.8m | $68.3m | 0.32 |
| Q1 2025 | $71.5m | $46.9m | 0.66 |
| Q2 2025 | $107.9m | $64.9m | 0.60 |
| Q3 2025 | $79.4m | $67.5m | 0.85 |
Biggest buyers
| Invesco Ltd. | Added | +4.1m |
| Dodge & Cox | Added | +1.9m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.6m |
| First Eagle Investment Management, LLC | Added | +1.5m |
| AQR CAPITAL MANAGEMENT LLC | Added | +1.4m |
| JPMORGAN CHASE & CO | Added | +1.3m |
| ICAHN CARL C | Added | +1.0m |
| Clearbridge Investments, LLC | Added | +888.6k |
| First Pacific Advisors, LP | Added | +792.3k |
| BRANDES INVESTMENT PARTNERS, LP | Added | +765.4k |
Biggest sellers
| BlackRock, Inc. | Reduced | -3.6m |
| Ilex Capital Partners (UK) LLP | Sold out | -2.9m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -2.5m |
| VAN ECK ASSOCIATES CORP | Reduced | -2.0m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.7m |
| Alyeska Investment Group, L.P. | Reduced | -952.2k |
| CAUSEWAY CAPITAL MANAGEMENT LLC | Sold out | -622.7k |
| AMERIPRISE FINANCIAL INC | Reduced | -531.6k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -471.4k |
| J. Goldman & Co LP | Sold out | -436.2k |
Biggest calls
| Twin Tree Management, LP | Reduced | $17.5m284.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $16.7m271.0k shares |
| CITADEL ADVISORS LLC | Added | $8.9m145.1k shares |
| GROUP ONE TRADING LLC | Added | $7.4m120.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $4.4m72.2k shares |
| Squarepoint Ops LLC | Added | $4.0m65.0k shares |
| SIMPLEX TRADING, LLC | Added | $3.5m57.3k shares |
| WOLVERINE TRADING, LLC | Added | $3.1m50.5k shares |
| JANE STREET GROUP, LLC | Reduced | $3.0m48.6k shares |
| IMC-Chicago, LLC | Added | $2.3m37.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $20.1m327.2k shares |
| Twin Tree Management, LP | Reduced | $11.5m187.5k shares |
| CITADEL ADVISORS LLC | Reduced | $9.3m151.0k shares |
| JANE STREET GROUP, LLC | New | $8.3m134.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $3.6m58.4k shares |
| GROUP ONE TRADING LLC | Added | $2.2m35.8k shares |
| WOLVERINE TRADING, LLC | Reduced | $2.1m33.7k shares |
| IMC-Chicago, LLC | Added | $1.9m31.2k shares |
| SIMPLEX TRADING, LLC | Added | $1.8m29.7k shares |
| Squarepoint Ops LLC | New | $1.5m25.0k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2025 | 2 | $2.0m | 1 | $426 | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-29 | FRIBOURG PAUL J Director · By JDW 2011 Trust f/b/o Adam Wolfensohn | Sold | $4267 shares |
| 2025-08-27 | FRIBOURG PAUL J Director · By Wolfensohn Foundation Primary | Bought | $4.8k71 shares |
| 2025-08-07 | FRIBOURG PAUL J Director | Bought | $1.0m15.4k shares |
| 2025-08-07 | Fyrwald J Erik Chief Executive Officer, director | Bought | $993.7k15.3k 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, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| Dodge & Cox 1.23% of their portfolio | 37.0m $2.3bn | Added +1.9m |
| VANGUARD GROUP INC 0.03% of their portfolio | 31.1m $1.9bn | Added +253.0k |
| Freemont Capital Pte Ltd 34.08% of their portfolio | 25.4m $1.6bn | Unchanged |
| BlackRock, Inc. 0.02% of their portfolio | 18.5m $1.1bn | Reduced -3.6m |
| STATE STREET CORP 0.02% of their portfolio | 11.0m $679.5m | Added +86.1k |
| Invesco Ltd. 0.07% of their portfolio | 7.2m $441.1m | Added +4.1m |
| First Eagle Investment Management, LLC 0.78% of their portfolio | 6.9m $426.3m | Added +1.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 6.6m $404.5m | Added +140.0k |
| First Pacific Advisors, LP 4.17% of their portfolio | 4.9m $301.8m | Added +792.3k |
| ICAHN CARL C 3.20% of their portfolio | 4.8m $292.3m | Added +1.0m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 4.7m $289.6m | Added +1.6m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.20% of their portfolio | 3.8m $235.2m | Unchanged |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.07% of their portfolio | 3.4m $210.7m | Reduced -91.0k |
| VAN ECK ASSOCIATES CORP 0.19% of their portfolio | 3.3m $204.3m | Reduced -2.0m |
| NORTHERN TRUST CORP 0.02% of their portfolio | 2.9m $175.7m | Reduced -143.7k |
| MORGAN STANLEY 0.01% of their portfolio | 2.4m $149.4m | Reduced -202.7k |
| CONTINENTAL GRAIN CO 40.56% of their portfolio | 2.3m $140.4m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.2m $135.2m | Added +1.3m |
| NORDEA INVESTMENT MANAGEMENT AB 0.11% of their portfolio | 2.1m $129.0m | Reduced -76.5k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 2.0m $120.6m | Reduced -531.6k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.9m $117.9m | Reduced -265.8k |
| FIL Ltd 0.08% of their portfolio | 1.7m $105.5m | Added +354.6k |
| AQR CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 1.7m $104.0m | Added +1.4m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.7m $103.7m | Added +51.3k |
| Legal & General Group Plc 0.02% of their portfolio | 1.6m $95.5m | Added +69.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.5m $94.0m | Added +30.7k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.4m $87.0m | Reduced -48.1k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.46% of their portfolio | 1.4m $85.3m | Added +24.1k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.4m $83.8m | Reduced -216.1k |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 1.2m $72.7m | Reduced -261.3k |
| Pictet Asset Management Holding SA 0.07% of their portfolio | 1.1m $69.4m | Reduced -357.7k |
| Squarepoint Ops LLC 0.15% of their portfolio | 1.1m $68.8m | Added +523.2k |
| UBS Group AG 0.01% of their portfolio | 1.1m $68.0m | Added +62.9k |
| Clearbridge Investments, LLC 0.05% of their portfolio | 1.0m $61.8m | Added +888.6k |
| BARCLAYS PLC 0.02% of their portfolio | 999.3k $61.5m | Added +90.4k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 992.6k $61.1m | Added +90.1k |
| Amundi 0.02% of their portfolio | 923.4k $56.8m | Added +377.9k |
| STALEY CAPITAL ADVISERS INC 2.17% of their portfolio | 858.0k $52.8m | Added +201.4k |
| BRANDES INVESTMENT PARTNERS, LP 0.41% of their portfolio | 823.6k $50.7m | Added +765.4k |
| FMR LLC 0.00% of their portfolio | 819.0k $50.4m | Added +70.0k |
| Capital Research Global Investors 0.01% of their portfolio | 753.8k $46.4m | Unchanged |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 749.8k $46.1m | New |
| Swiss National Bank 0.03% of their portfolio | 737.3k $45.4m | Reduced -36.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 731.0k $45.0m | Added +608.1k |
| Nuveen, LLC 0.01% of their portfolio | 725.8k $44.7m | Reduced -10.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 656.4k $40.4m | Added +44.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 635.1k $39.1m | Added +30.0k |
| Douglas Lane & Associates, LLC 0.52% of their portfolio | 605.1k $37.2m | Reduced -142.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 545.3k $33.6m | Added +126.8k |
| DEPRINCE RACE & ZOLLO INC 0.62% of their portfolio | 503.8k $31.0m | Added +42.0k |
| Scharf Investments, LLC 0.77% of their portfolio | 499.4k $30.7m | New |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 493.1k $30.3m | Added +8.1k |
| National Pension Service 0.02% of their portfolio | 459.3k $28.3m | Added +13.7k |
| EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 3.22% of their portfolio | 455.3k $28.0m | Added +78.2k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 451.2k $27.7m | Added +5.1k |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 5.88% of their portfolio | 424.7k $26.1m | Added +184.8k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 414.9k $25.5m | Added +168.5k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.37% of their portfolio | 409.0k $25.2m | New |
| OFI INVEST ASSET MANAGEMENT 0.45% of their portfolio | 408.0k $21.4m | Added +195.8k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 404.3k $24.9m | Added +7.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 376.9k $23.2m | Added +782 |
| California Public Employees Retirement System 0.01% of their portfolio | 371.5k $22.9m | Reduced -72.6k |
| Robeco Institutional Asset Management B.V. 0.03% of their portfolio | 361.4k $22.2m | Added +101.1k |
| Gotham Asset Management, LLC 0.09% of their portfolio | 346.5k $21.3m | Added +252.2k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.05% of their portfolio | 339.2k $20.9m | Added +119.0k |
| ZWJ INVESTMENT COUNSEL INC 0.73% of their portfolio | 334.3k $20.6m | Added +13.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 308.7k $19.0m | Reduced -67.3k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 308.0k $18.8m | Added +106.7k |
| CITIGROUP INC 0.01% of their portfolio | 299.1k $18.4m | Reduced -195.3k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 281.8k $17.3m | Added +28.4k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 281.0k $17.3m | Reduced -92.6k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 280.1k $17.2m | Added +130.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 275.9k $17.0m | Reduced -3.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 259.5k $16.0m | Added +16.9k |
| Leith Wheeler Investment Counsel Ltd. 1.08% of their portfolio | 259.1k $15.9m | Reduced -25.3k |
| BROWN BROTHERS HARRIMAN & CO 0.09% of their portfolio | 250.2k $15.4m | Reduced -699 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 246.6k $15.2m | Reduced -18.5k |
| Swedbank AB 0.02% of their portfolio | 242.6k $14.9m | Added +19.3k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 242.3k $14.9m | Added +129.7k |
| GREAT LAKES ADVISORS, LLC 0.12% of their portfolio | 234.7k $14.4m | Added +815 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio | 233.3k $14.4m | Reduced -1.0k |
| WILKINS INVESTMENT COUNSEL INC 1.97% of their portfolio | 225.9k $13.9m | Added +18.0k |
| Ruffer LLP 0.75% of their portfolio | 220.2k $13.6m | New |
| Redwood Grove Capital, LLC 3.87% of their portfolio | 219.7k $13.5m | Unchanged |
| Bank Pictet & Cie (Europe) AG 0.27% of their portfolio | 218.4k $13.4m | Unchanged |
| BW Gestao de Investimentos Ltda. 1.00% of their portfolio | 215.6k $13.3m | Added +87.3k |
| Cubist Systematic Strategies, LLC 0.19% of their portfolio | 213.8k $13.2m | New |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.06% of their portfolio | 208.7k $12.8m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 206.8k $12.7m | Added +7.2k |
| Covea Finance 0.44% of their portfolio | 206.5k $12.7m | Added +6.7k |
| TORONTO DOMINION BANK 0.02% of their portfolio | 205.2k $12.6m | Added +101.4k |
| AVIVA PLC 0.02% of their portfolio | 202.9k $12.5m | Added +12.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 202.4k $12.5m | Reduced -371.1k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.09% of their portfolio | 189.6k $11.7m | Added +73.8k |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 181.6k $11.2m | Reduced -250.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 181.1k $11.1m | Reduced -1.7m |
| Trexquant Investment LP 0.11% of their portfolio | 180.4k $11.1m | New |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 180.4k $11.1m | Added +65.7k |
| CLIFFORD SWAN INVESTMENT COUNSEL LLC 0.37% of their portfolio | 179.7k $11.1m | Reduced -3.4k |
| APG Asset Management N.V. 0.03% of their portfolio | 179.5k $9.4m | Added +1.5k |