JOHNSON & JOHNSON JNJ
COM · Common Stock · CUSIP 478160104 · ISIN US4781601046
U.S. multinational manufacturer of pharmaceuticals and medical devices
* 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 ($1.3bn this quarter). Holder counts are more reliable. Shares outstanding: 2.6bn as of 2023-04-21, 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 ≈ $155.77. Options: 64 managers hold calls ($3.2bn notional), 72 hold puts ($2.5bn).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 3,629 |
| Q4 2022 | 3,793 |
| Q1 2023 | 3,736 |
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 | 1,685 | 1,576 |
| Q1 2023 | 1,786 | 1,704 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $3.7bn | $2.7bn | 0.74 |
| Q4 2022 | $3.5bn | $3.1bn | 0.90 |
| Q1 2023 | $3.2bn | $2.5bn | 0.79 |
Biggest buyers
| FMR LLC | Added | +16.4m |
| STRS OHIO | Added | +2.7m |
| BlackRock Inc. | Added | +2.7m |
| D. E. Shaw & Co., Inc. | Added | +2.1m |
| NORGES BANK | Added | +1.8m |
| NEUBERGER BERMAN GROUP LLC | Added | +1.6m |
| CITADEL ADVISORS LLC | Added | +1.4m |
| Invesco Ltd. | Added | +1.3m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +1.2m |
| ENVESTNET ASSET MANAGEMENT INC | Added | +1.1m |
Biggest sellers
| Bank of New York Mellon Corp | Reduced | -6.2m |
| JPMORGAN CHASE & CO | Reduced | -5.9m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -4.1m |
| BARCLAYS PLC | Reduced | -4.0m |
| Capital World Investors | Reduced | -2.7m |
| AMERIPRISE FINANCIAL INC | Reduced | -2.5m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -2.4m |
| MORGAN STANLEY | Reduced | -2.2m |
| STATE STREET CORP | Reduced | -1.8m |
| UBS Group AG | Reduced | -1.6m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $754.2m4.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $614.9m4.0m shares |
| SIMPLEX TRADING, LLC | Added | $182.3m1.2m shares |
| ALKEON CAPITAL MANAGEMENT LLC | New | $155.0m1.0m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $145.8m940.6k shares |
| D. E. Shaw & Co., Inc. | Added | $131.8m850.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $115.8m747.3k shares |
| JANE STREET GROUP, LLC | Reduced | $115.1m742.8k shares |
| CITIGROUP INC | Added | $110.6m713.5k shares |
| WELLS FARGO & COMPANY/MN | Added | $89.4m576.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $532.3m3.4m shares |
| CITADEL ADVISORS LLC | Added | $475.3m3.1m shares |
| Hudson Bay Capital Management LP | New | $232.5m1.5m shares |
| SIMPLEX TRADING, LLC | Added | $124.4m802.6k shares |
| CITIGROUP INC | Added | $117.2m756.2k shares |
| UBS Group AG | Reduced | $66.1m426.3k shares |
| JANE STREET GROUP, LLC | Reduced | $65.1m419.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $48.9m315.8k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $48.7m314.4k shares |
| IMC-Chicago, LLC | Reduced | $47.2m304.2k 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 |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-05-01 | 7.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2023
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 |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $816.0k | — |
| Q1 2022 | 0 | — | 2 | $7.0m | — |
| Q2 2022 | 0 | — | 3 | $13.9m | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 8 | $67.8m | — |
| Q1 2023 | 0 | — | 1 | $164.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-03-06 | Swanson James D. Officer | Sold | $164.2k1.1k 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, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.97% of their portfolio | 246.9m $38.3bn | Added +103.7k |
| BlackRock Inc. 0.92% of their portfolio | 201.5m $31.2bn | Added +2.7m |
| STATE STREET CORP 1.23% of their portfolio | 140.3m $21.7bn | Reduced -1.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.98% of their portfolio | 48.7m $7.5bn | Added +748.9k |
| MORGAN STANLEY 0.66% of their portfolio | 40.0m $6.2bn | Reduced -2.2m |
| FMR LLC 0.25% of their portfolio | 35.5m $5.5bn | Added +16.4m |
| NORTHERN TRUST CORP 1.03% of their portfolio | 33.5m $5.2bn | Reduced -282.3k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 5.08% of their portfolio | 31.7m $4.9bn | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.54% of their portfolio | 30.4m $4.7bn | Reduced -758.4k |
| NORGES BANK 0.94% of their portfolio | 27.8m $4.3bn | Added +1.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.62% of their portfolio | 26.8m $4.2bn | Reduced -2.4m |
| JPMORGAN CHASE & CO 0.52% of their portfolio | 25.7m $4.0bn | Reduced -5.9m |
| WELLINGTON MANAGEMENT GROUP LLP 0.78% of their portfolio | 25.4m $3.9bn | Reduced -1.5m |
| Bank of New York Mellon Corp 0.83% of their portfolio | 24.1m $3.7bn | Reduced -6.2m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.12% of their portfolio | 21.1m $3.3bn | Reduced -48.6k |
| WELLS FARGO & COMPANY/MN 0.96% of their portfolio | 20.2m $3.1bn | Added +136.0k |
| Legal & General Group Plc 1.04% of their portfolio | 18.7m $2.9bn | Added +325.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.80% of their portfolio | 17.1m $2.6bn | Added +59.7k |
| Capital International Investors 0.68% of their portfolio | 17.1m $2.7bn | Reduced -468.0k |
| DEUTSCHE BANK AG\ 1.32% of their portfolio | 15.3m $2.4bn | Added +13.0k |
| AMERIPRISE FINANCIAL INC 0.76% of their portfolio | 14.9m $2.3bn | Reduced -2.5m |
| Invesco Ltd. 0.60% of their portfolio | 13.9m $2.2bn | Added +1.3m |
| ROYAL BANK OF CANADA 0.62% of their portfolio | 13.4m $2.1bn | Reduced -1.1m |
| FRANKLIN RESOURCES INC 0.95% of their portfolio | 12.3m $1.9bn | Reduced -90.0k |
| ROBERT WOOD JOHNSON FOUNDATION 94.75% of their portfolio | 12.1m $1.9bn | Unchanged |
| GOLDMAN SACHS GROUP INC 0.48% of their portfolio | 11.5m $1.8bn | Reduced -1.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.84% of their portfolio | 11.2m $1.7bn | Added +165.1k |
| Nuveen Asset Management, LLC 0.63% of their portfolio | 10.9m $1.7bn | Reduced -31.6k |
| UBS Group AG 0.77% of their portfolio | 10.8m $1.7bn | Reduced -1.6m |
| California Public Employees Retirement System 1.46% of their portfolio | 10.6m $1.6bn | Reduced -704.5k |
| Swiss National Bank 1.10% of their portfolio | 10.4m $1.6bn | Reduced -309.9k |
| LAZARD ASSET MANAGEMENT LLC 1.86% of their portfolio | 9.2m $1.4bn | Added +195.4k |
| DIMENSIONAL FUND ADVISORS LP 0.44% of their portfolio | 8.4m $1.3bn | Added +12.7k |
| ALLIANCEBERNSTEIN L.P. 0.54% of their portfolio | 8.2m $1.3bn | Added +351.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.93% of their portfolio | 8.0m $1.2bn | Reduced -24.3k |
| Boston Partners 1.62% of their portfolio | 7.6m $1.2bn | Reduced -1.1m |
| NEUBERGER BERMAN GROUP LLC 1.08% of their portfolio | 7.5m $1.2bn | Added +1.6m |
| BARCLAYS PLC 1.16% of their portfolio | 7.2m $1.1bn | Reduced -4.0m |
| NORDEA INVESTMENT MANAGEMENT AB 1.62% of their portfolio | 7.2m $1.1bn | Added +69.3k |
| HSBC HOLDINGS PLC 1.42% of their portfolio | 7.1m $1.1bn | Added +63.0k |
| Capital World Investors 0.23% of their portfolio | 7.1m $1.1bn | Reduced -2.7m |
| AMERICAN CENTURY COMPANIES INC 0.87% of their portfolio | 7.1m $1.1bn | Added +351.2k |
| PNC Financial Services Group, Inc. 0.96% of their portfolio | 7.1m $1.1bn | Reduced -42.9k |
| CREDIT SUISSE AG/ 1.12% of their portfolio | 7.1m $1.1bn | Reduced -46.6k |
| Fiera Capital Corp 3.09% of their portfolio | 6.7m $1.0bn | Reduced -406.8k |
| Amundi 0.56% of their portfolio | 6.3m $1.0bn | Reduced -281.2k |
| Fisher Asset Management, LLC 0.59% of their portfolio | 6.2m $967.1m | Added +145.2k |
| FLOSSBACH VON STORCH SE 4.00% of their portfolio | 6.1m $950.2m | Added +712.0k |
| Clearbridge Investments, LLC 0.91% of their portfolio | 6.1m $947.6m | Reduced -265.2k |
| RAYMOND JAMES & ASSOCIATES 0.82% of their portfolio | 6.1m $943.9m | Added +262.0k |
| BANK OF MONTREAL /CAN/ 0.39% of their portfolio | 5.3m $933.1m | Reduced -197.2k |
| Baird Financial Group, Inc. 1.83% of their portfolio | 4.8m $740.5m | Added +132.7k |
| Ninety One UK Ltd 2.31% of their portfolio | 4.8m $740.0m | Reduced -93.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.96% of their portfolio | 4.6m $713.7m | Reduced -298.7k |
| RHUMBLINE ADVISERS 0.88% of their portfolio | 4.6m $713.5m | Added +36.2k |
| FIL Ltd 0.82% of their portfolio | 4.6m $712.8m | Added +85.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 1.02% of their portfolio | 4.4m $688.7m | Reduced -60.9k |
| Ensign Peak Advisors, Inc 1.48% of their portfolio | 4.4m $682.6m | Reduced -130.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.24% of their portfolio | 4.4m $508.5m | Added +1.1m |
| Mawer Investment Management Ltd. 3.67% of their portfolio | 4.3m $672.8m | Reduced -38.9k |
| STRS OHIO 0.97% of their portfolio | 4.1m $637.6m | Added +2.7m |
| STIFEL FINANCIAL CORP 0.90% of their portfolio | 4.1m $630.0m | Added +171.4k |
| PRUDENTIAL FINANCIAL INC 0.98% of their portfolio | 4.0m $626.4m | Added +234.4k |
| D. E. Shaw & Co., Inc. 0.98% of their portfolio | 3.9m $608.7m | Added +2.1m |
| DekaBank Deutsche Girozentrale 1.50% of their portfolio | 3.9m $595.8m | Added +84.9k |
| HighTower Advisors, LLC 1.31% of their portfolio | 3.9m $599.3m | Added +23.8k |
| MACQUARIE GROUP LTD 0.71% of their portfolio | 3.8m $596.1m | Added +220.5k |
| 1832 Asset Management L.P. 1.21% of their portfolio | 3.8m $588.7m | Added +412.7k |
| National Pension Service 1.05% of their portfolio | 3.8m $576.1m | Added +56.4k |
| Sanders Capital, LLC 1.35% of their portfolio | 3.7m $569.5m | Added +110.1k |
| Bridgewater Associates, LP 3.39% of their portfolio | 3.6m $556.1m | Added +19.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.31% of their portfolio | 3.6m $553.9m | Reduced -903.5k |
| MACKENZIE FINANCIAL CORP 0.84% of their portfolio | 3.5m $536.2m | Reduced -216.1k |
| APG Asset Management N.V. 1.04% of their portfolio | 3.5m $492.4m | Reduced -338.4k |
| CANADA LIFE ASSURANCE Co 1.32% of their portfolio | 3.4m $533.2m | Reduced -31.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.38% of their portfolio | 3.4m $525.8m | Added +42.2k |
| US BANCORP \DE\ 0.84% of their portfolio | 3.2m $494.3m | Reduced -84.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.76% of their portfolio | 3.1m $478.0m | Added +679.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 2.37% of their portfolio | 3.0m $465.0m | Added +65.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 1.08% of their portfolio | 3.0m $461.1m | Reduced -93.4k |
| TRUIST FINANCIAL CORP 0.79% of their portfolio | 2.9m $456.5m | Reduced -467.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 1.04% of their portfolio | 2.9m $448.8m | Reduced -32.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.66% of their portfolio | 2.9m $442.5m | Reduced -1.3m |
| TWO SIGMA ADVISERS, LP 1.12% of their portfolio | 2.8m $435.7m | Reduced -200.1k |
| JENSEN INVESTMENT MANAGEMENT INC 3.37% of their portfolio | 2.8m $427.5m | Reduced -509.7k |
| LPL Financial LLC 0.33% of their portfolio | 2.8m $426.4m | Added +286.3k |
| LONDON CO OF VIRGINIA 2.42% of their portfolio | 2.7m $418.9m | Reduced -74.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.46% of their portfolio | 2.7m $412.2m | Reduced -184.5k |
| Corient Private Wealth LP 1.11% of their portfolio | 2.7m $411.4m | Added +783.4k |
| Raymond James Financial Services Advisors, Inc. 0.77% of their portfolio | 2.6m $405.2m | Added +202.3k |
| TORONTO DOMINION BANK 0.65% of their portfolio | 2.6m $400.0m | Added +761.8k |
| Caisse de depot et placement du Quebec 1.12% of their portfolio | 2.5m $392.6m | Reduced -107.3k |
| Independent Franchise Partners LLP 3.39% of their portfolio | 2.4m $376.5m | Reduced -8.5k |
| Russell Investments Group, Ltd. 0.73% of their portfolio | 2.4m $373.3m | Added +197.5k |
| Capital Wealth Planning, LLC 5.07% of their portfolio | 2.4m $374.8m | Added +317.4k |
| Allianz Asset Management GmbH 0.77% of their portfolio | 2.4m $370.2m | Added +99.3k |
| WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST 5.15% of their portfolio | 2.4m $368.9m | Unchanged |
| CITIGROUP INC 0.48% of their portfolio | 2.3m $357.0m | Added +149.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.84% of their portfolio | 2.3m $353.7m | Added +207.6k |
| Bank Julius Baer & Co. Ltd, Zurich 2.23% of their portfolio | 2.3m $351.4m | Added +88.6k |