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 ($136.9m 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 ≈ $67.38. Options: 18 managers hold calls ($69.8m notional), 12 hold puts ($53.5m).
Trends to Q4 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 |
| Q4 2025 | 708 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2025 | 326 | 335 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $71.5m | $46.9m | 0.66 |
| Q2 2025 | $107.9m | $64.9m | 0.60 |
| Q3 2025 | $79.4m | $67.5m | 0.85 |
| Q4 2025 | $69.8m | $53.5m | 0.77 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +4.2m |
| BlackRock, Inc. | Added | +3.6m |
| First Eagle Investment Management, LLC | Added | +1.9m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.3m |
| River Road Asset Management, LLC | New | +969.5k |
| AQR CAPITAL MANAGEMENT LLC | Added | +743.7k |
| FIL Ltd | Added | +715.9k |
| Alyeska Investment Group, L.P. | Added | +667.6k |
| UBS Group AG | Added | +591.0k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | New | +566.1k |
Biggest sellers
| VAN ECK ASSOCIATES CORP | Reduced | -2.1m |
| JPMORGAN CHASE & CO | Reduced | -1.4m |
| Squarepoint Ops LLC | Reduced | -1.1m |
| VANGUARD GROUP INC | Reduced | -778.4k |
| D. E. Shaw & Co., Inc. | Reduced | -738.3k |
| Dodge & Cox | Reduced | -571.6k |
| Scharf Investments, LLC | Reduced | -488.8k |
| ICAHN CARL C | Reduced | -475.0k |
| Legal & General Group Plc | Reduced | -443.1k |
| Qube Research & Technologies Ltd | Sold out | -414.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $16.4m243.8k shares |
| Twin Tree Management, LP | Reduced | $12.5m185.6k shares |
| CITADEL ADVISORS LLC | Added | $11.8m175.2k shares |
| GROUP ONE TRADING LLC | Reduced | $7.9m117.8k shares |
| IMC-Chicago, LLC | Added | $3.6m53.1k shares |
| JANE STREET GROUP, LLC | Reduced | $3.1m46.4k shares |
| Walleye Capital LLC | Added | $2.6m38.3k shares |
| Squarepoint Ops LLC | Reduced | $2.5m36.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $2.2m32.0k shares |
| SIG BROKERAGE, LP | Unchanged | $1.5m22.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $15.3m226.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $14.2m210.6k shares |
| JANE STREET GROUP, LLC | Added | $9.2m136.7k shares |
| Walleye Capital LLC | Added | $3.8m55.8k shares |
| IMC-Chicago, LLC | Added | $3.2m47.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $3.1m45.6k shares |
| Walleye Trading LLC | Added | $1.7m25.0k shares |
| GROUP ONE TRADING LLC | Reduced | $1.2m18.1k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $754.8k11.2k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $626.7k9.3k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q4 2025 | 2 | $199.3k | 1 | $14.1k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-15 | FRIBOURG PAUL J Director · By Wolfensohn Foundation Segregated Account | Sold | $1903 shares |
| 2025-12-12 | Landsman Stephen N EVP, General Counsel | Bought | $196.8k3.1k shares |
| 2025-12-10 | FRIBOURG PAUL J Director · By Wolfensohn Foundation Segregated Account | Sold | $1.6k25 shares |
| 2025-11-18 | FRIBOURG PAUL J Director · By Wolfensohn Foundation Primary | Sold | $12.2k187 shares |
| 2025-10-30 | FRIBOURG PAUL J Director · By Wolfensohn Foundation Primary | Bought | $2.5k39 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| Dodge & Cox 1.32% of their portfolio | 36.4m $2.5bn | Reduced -571.6k |
| VANGUARD GROUP INC 0.03% of their portfolio | 30.4m $2.0bn | Reduced -778.4k |
| Freemont Capital Pte Ltd 38.20% of their portfolio | 25.4m $1.7bn | Unchanged |
| BlackRock, Inc. 0.03% of their portfolio | 22.0m $1.5bn | Added +3.6m |
| STATE STREET CORP 0.03% of their portfolio | 11.1m $751.9m | Added +121.3k |
| First Eagle Investment Management, LLC 1.05% of their portfolio | 8.8m $595.2m | Added +1.9m |
| Invesco Ltd. 0.05% of their portfolio | 7.5m $506.8m | Added +352.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 6.8m $454.6m | Added +172.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 6.0m $407.2m | Added +1.3m |
| First Pacific Advisors, LP 4.73% of their portfolio | 5.3m $358.9m | Added +422.2k |
| MILLENNIUM MANAGEMENT LLC 0.21% of their portfolio | 4.4m $296.8m | Added +4.2m |
| ICAHN CARL C 3.41% of their portfolio | 4.3m $288.1m | Reduced -475.0k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.20% of their portfolio | 3.8m $257.5m | Unchanged |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.07% of their portfolio | 3.2m $213.1m | Reduced -261.3k |
| Eurizon Capital SGR S.p.A. 0.66% of their portfolio | 3.1m $211.7m | First filing |
| NORTHERN TRUST CORP 0.02% of their portfolio | 2.9m $194.9m | Added +38.0k |
| MORGAN STANLEY 0.01% of their portfolio | 2.6m $177.0m | Added +199.0k |
| AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 2.5m $165.4m | Added +743.7k |
| FIL Ltd 0.12% of their portfolio | 2.4m $163.8m | Added +715.9k |
| CONTINENTAL GRAIN CO 45.78% of their portfolio | 2.3m $153.7m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 1.9m $126.2m | Reduced -87.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.8m $118.5m | Added +73.7k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.7m $117.3m | Added +328.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.10% of their portfolio | 1.7m $115.9m | Reduced -414.8k |
| UBS Group AG 0.02% of their portfolio | 1.7m $114.2m | Added +591.0k |
| NORGES BANK 0.01% of their portfolio | 1.7m $113.3m | Not comparable |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.7m $112.0m | Reduced -254.2k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.6m $107.0m | Added +226.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.5m $99.8m | Reduced -47.4k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.50% of their portfolio | 1.4m $93.7m | Added +3.1k |
| VAN ECK ASSOCIATES CORP 0.07% of their portfolio | 1.3m $85.4m | Reduced -2.1m |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 1.1m $75.7m | Added +130.8k |
| Legal & General Group Plc 0.02% of their portfolio | 1.1m $74.7m | Reduced -443.1k |
| BRANDES INVESTMENT PARTNERS, LP 0.54% of their portfolio | 1.0m $70.3m | Added +219.7k |
| Clearbridge Investments, LLC 0.06% of their portfolio | 1.0m $69.6m | Added +28.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 991.7k $66.8m | Added +260.7k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 989.6k $66.7m | Reduced -192.3k |
| STALEY CAPITAL ADVISERS INC 2.71% of their portfolio | 976.5k $65.8m | Added +118.5k |
| River Road Asset Management, LLC 0.72% of their portfolio | 969.5k $65.3m | New |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 908.3k $61.3m | Added +457.2k |
| Pictet Asset Management Holding SA 0.06% of their portfolio | 849.3k $57.2m | Reduced -278.2k |
| Alyeska Investment Group, L.P. 0.16% of their portfolio | 824.5k $55.6m | Added +667.6k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.79% of their portfolio | 805.8k $54.3m | Added +396.8k |
| Nuveen, LLC 0.01% of their portfolio | 805.3k $54.3m | Added +79.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 804.0k $54.2m | Reduced -1.4m |
| Capital Research Global Investors 0.01% of their portfolio | 753.8k $50.8m | Unchanged |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 713.8k $48.6m | Added +57.4k |
| Swiss National Bank 0.03% of their portfolio | 702.4k $47.3m | Reduced -34.9k |
| BARCLAYS PLC 0.02% of their portfolio | 687.8k $46.3m | Reduced -311.5k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 665.0k $44.8m | Added +531.7k |
| FMR LLC 0.00% of their portfolio | 663.9k $44.7m | Reduced -155.0k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 634.5k $42.8m | Added +483.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 606.8k $40.9m | Reduced -28.3k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.37% of their portfolio | 566.1k $38.2m | New |
| Douglas Lane & Associates, LLC 0.52% of their portfolio | 565.5k $38.1m | Reduced -39.6k |
| Amundi 0.01% of their portfolio | 547.4k $36.9m | Reduced -376.0k |
| DEPRINCE RACE & ZOLLO INC 0.70% of their portfolio | 544.7k $36.7m | Added +40.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 499.8k $33.7m | Reduced -45.5k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 479.3k $32.3m | Reduced -13.7k |
| Quantinno Capital Management LP 0.06% of their portfolio | 474.2k $32.0m | Added +391.5k |
| Gotham Asset Management, LLC 0.11% of their portfolio | 466.0k $31.4m | Added +119.5k |
| NATIXIS ADVISORS, LLC 0.04% of their portfolio | 435.8k $29.4m | Added +324.5k |
| EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 3.19% of their portfolio | 421.9k $28.4m | Reduced -33.4k |
| Clarkston Capital Partners, LLC 0.63% of their portfolio | 405.6k $27.3m | Added +243.3k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 382.3k $25.8m | Reduced -22.1k |
| California Public Employees Retirement System 0.01% of their portfolio | 379.9k $25.6m | Added +8.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 375.6k $25.3m | Reduced -1.3k |
| Robeco Institutional Asset Management B.V. 0.03% of their portfolio | 362.7k $24.4m | Added +1.2k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 356.9k $24.0m | Added +75.0k |
| OFI INVEST ASSET MANAGEMENT 0.28% of their portfolio | 339.0k $19.5m | Reduced -69.0k |
| TRAN CAPITAL MANAGEMENT, L.P. 2.63% of their portfolio | 325.3k $21.9m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 305.9k $20.6m | Reduced -2.8k |
| HRT FINANCIAL LP 0.08% of their portfolio | 297.0k $20.0m | Added +162.5k |
| ZWJ INVESTMENT COUNSEL INC 0.70% of their portfolio | 289.4k $19.5m | Reduced -44.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 282.6k $19.0m | Added +6.7k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 276.6k $18.6m | Reduced -3.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 276.6k $18.6m | Reduced -4.4k |
| Leith Wheeler Investment Counsel Ltd. 1.31% of their portfolio | 258.4k $17.4m | Reduced -700 |
| CITIGROUP INC 0.01% of their portfolio | 257.5k $17.4m | Reduced -41.6k |
| BW Gestao de Investimentos Ltda. 0.60% of their portfolio | 254.3k $17.1m | Added +38.7k |
| BROWN BROTHERS HARRIMAN & CO 0.09% of their portfolio | 253.4k $17.1m | Added +3.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.03% of their portfolio | 249.9k $16.9m | Added +7.6k |
| Swedbank AB 0.02% of their portfolio | 248.5k $16.7m | Added +5.9k |
| Covea Finance 0.54% of their portfolio | 242.5k $16.3m | Added +36.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 241.5k $16.3m | Reduced -5.1k |
| Ruffer LLP 0.73% of their portfolio | 237.5k $16.0m | Added +17.3k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.12% of their portfolio | 233.4k $15.7m | Added +43.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio | 231.2k $15.6m | Reduced -2.1k |
| WILKINS INVESTMENT COUNSEL INC 2.23% of their portfolio | 227.2k $15.3m | Added +1.3k |
| Redwood Grove Capital, LLC 4.22% of their portfolio | 219.7k $14.8m | Unchanged |
| Bank Pictet & Cie (Europe) AG 0.29% of their portfolio | 218.4k $14.7m | Unchanged |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 216.0k $14.6m | Added +9.2k |
| AVIVA PLC 0.02% of their portfolio | 214.3k $14.4m | Added +11.4k |
| GREAT LAKES ADVISORS, LLC 0.12% of their portfolio | 213.7k $14.4m | Reduced -20.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio | 210.1k $14.2m | Added +200.0k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio | 206.4k $13.9m | Added +151.5k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 203.4k $13.7m | Added +38.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 200.8k $13.5m | Reduced -58.6k |
| CANTOR FITZGERALD INVESTMENT ADVISORS L.P. 0.99% of their portfolio | 199.3k $13.4m | Added +55.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 198.4k $13.4m | Added +69.0k |