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 2023-07-24, 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 ≈ $165.21. Options: 71 managers hold calls ($4.2bn notional), 69 hold puts ($2.6bn).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 3,629 |
| Q4 2022 | 3,793 |
| Q1 2023 | 3,736 |
| Q2 2023 | 3,759 |
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 |
| Q2 2023 | 1,737 | 1,729 |
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 |
| Q2 2023 | $4.2bn | $2.6bn | 0.62 |
Biggest buyers
| Capital International Investors | Added | +10.7m |
| JOURNEY STRATEGIC WEALTH LLC | Added | +7.3m |
| JPMORGAN CHASE & CO | Added | +6.1m |
| BARCLAYS PLC | Added | +4.1m |
| TORONTO DOMINION BANK | Added | +2.8m |
| NORDEA INVESTMENT MANAGEMENT AB | Added | +2.0m |
| MORGAN STANLEY | Added | +1.7m |
| STATE STREET CORP | Added | +1.6m |
| LAZARD ASSET MANAGEMENT LLC | Added | +1.5m |
| NATIONAL BANK OF CANADA /FI/ | Added | +1.4m |
Biggest sellers
| FMR LLC | Reduced | -14.6m |
| BANK OF AMERICA CORP /DE/ | Reduced | -5.1m |
| STRS OHIO | Reduced | -2.8m |
| D. E. Shaw & Co., Inc. | Reduced | -2.7m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -2.4m |
| NORTHERN TRUST CORP | Reduced | -2.3m |
| BlackRock Inc. | Reduced | -2.1m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -2.0m |
| UBS Group AG | Reduced | -1.9m |
| TWO SIGMA ADVISERS, LP | Reduced | -1.8m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $985.1m6.0m shares |
| CITADEL ADVISORS LLC | Reduced | $677.7m4.1m shares |
| EcoR1 Capital, LLC | New | $281.4m1.7m shares |
| JANE STREET GROUP, LLC | Added | $249.5m1.5m shares |
| Holocene Advisors, LP | New | $243.8m1.5m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $223.8m1.4m shares |
| D. E. Shaw & Co., Inc. | Added | $194.8m1.2m shares |
| SIMPLEX TRADING, LLC | Reduced | $159.1m961.3k shares |
| Parallax Volatility Advisers, L.P. | Added | $143.4m866.1k shares |
| Twin Tree Management, LP | Added | $113.5m685.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $665.3m4.0m shares |
| CITADEL ADVISORS LLC | Reduced | $438.1m2.6m shares |
| CITIGROUP INC | Added | $180.6m1.1m shares |
| SIMPLEX TRADING, LLC | Added | $157.2m949.5k shares |
| JANE STREET GROUP, LLC | Added | $118.1m713.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $86.7m524.0k shares |
| UBS Group AG | Added | $74.5m450.2k shares |
| IMC-Chicago, LLC | Added | $66.2m400.1k shares |
| WELLS FARGO & COMPANY/MN | Added | $57.6m348.1k shares |
| Walleye Trading LLC | Added | $52.0m314.0k 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 |
|---|---|
| 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2023 | 0 | — | 1 | $2.0m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-12 | Wengel Kathryn E EVP, Chief TO and Risk Officer | Sold | $2.0m12.5k 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 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.97% of their portfolio | 247.5m $41.0bn | Added +548.5k |
| BlackRock Inc. 0.91% of their portfolio | 199.3m $33.0bn | Reduced -2.1m |
| STATE STREET CORP 1.23% of their portfolio | 141.8m $23.5bn | Added +1.6m |
| GEODE CAPITAL MANAGEMENT, LLC 0.96% of their portfolio | 49.7m $8.2bn | Added +990.3k |
| MORGAN STANLEY 0.68% of their portfolio | 41.7m $6.9bn | Added +1.7m |
| JPMORGAN CHASE & CO 0.60% of their portfolio | 31.8m $5.3bn | Added +6.1m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 5.15% of their portfolio | 31.7m $5.2bn | Unchanged |
| NORTHERN TRUST CORP 0.99% of their portfolio | 31.2m $5.2bn | Reduced -2.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.64% of their portfolio | 27.9m $4.6bn | Added +1.1m |
| NORGES BANK 0.91% of their portfolio | 27.8m $4.6bn | Added +3.3k |
| Capital International Investors 1.11% of their portfolio | 27.8m $4.6bn | Added +10.7m |
| BANK OF AMERICA CORP /DE/ 0.50% of their portfolio | 25.3m $4.2bn | Reduced -5.1m |
| Bank of New York Mellon Corp 0.82% of their portfolio | 23.5m $3.9bn | Reduced -676.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.72% of their portfolio | 23.0m $3.8bn | Reduced -2.4m |
| FMR LLC 0.29% of their portfolio | 20.9m $3.5bn | Reduced -14.6m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.13% of their portfolio | 20.8m $3.4bn | Reduced -287.5k |
| WELLS FARGO & COMPANY/MN 0.97% of their portfolio | 20.2m $3.3bn | Reduced -18.7k |
| Legal & General Group Plc 1.07% of their portfolio | 19.8m $3.3bn | Added +1.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.80% of their portfolio | 17.1m $2.8bn | Reduced -23.0k |
| DEUTSCHE BANK AG\ 1.26% of their portfolio | 14.4m $2.4bn | Reduced -896.8k |
| AMERIPRISE FINANCIAL INC 0.74% of their portfolio | 14.2m $2.4bn | Reduced -728.1k |
| Invesco Ltd. 0.60% of their portfolio | 13.7m $2.3bn | Reduced -157.0k |
| ROYAL BANK OF CANADA 0.63% of their portfolio | 13.7m $2.3bn | Added +361.5k |
| FRANKLIN RESOURCES INC 0.99% of their portfolio | 12.6m $2.1bn | Added +364.0k |
| ROBERT WOOD JOHNSON FOUNDATION 96.46% of their portfolio | 12.1m $2.0bn | Reduced -61.0k |
| BARCLAYS PLC 1.21% of their portfolio | 11.3m $1.9bn | Added +4.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.84% of their portfolio | 11.2m $1.7bn | Unchanged |
| Nuveen Asset Management, LLC 0.62% of their portfolio | 10.7m $1.8bn | Reduced -201.8k |
| LAZARD ASSET MANAGEMENT LLC 2.16% of their portfolio | 10.6m $1.8bn | Added +1.5m |
| California Public Employees Retirement System 1.46% of their portfolio | 10.3m $1.7bn | Reduced -316.0k |
| GOLDMAN SACHS GROUP INC 0.43% of their portfolio | 10.3m $1.7bn | Reduced -1.2m |
| Swiss National Bank 1.06% of their portfolio | 9.4m $1.6bn | Reduced -991.3k |
| NORDEA INVESTMENT MANAGEMENT AB 2.07% of their portfolio | 9.2m $1.5bn | Added +2.0m |
| UBS Group AG 0.64% of their portfolio | 8.9m $1.5bn | Reduced -1.9m |
| DIMENSIONAL FUND ADVISORS LP 0.47% of their portfolio | 8.8m $1.5bn | Added +430.4k |
| NEUBERGER BERMAN GROUP LLC 1.28% of their portfolio | 8.7m $1.4bn | Added +1.1m |
| HSBC HOLDINGS PLC 1.33% of their portfolio | 7.5m $1.2bn | Added +402.5k |
| AMERICAN CENTURY COMPANIES INC 0.93% of their portfolio | 7.5m $1.2bn | Added +351.5k |
| JOURNEY STRATEGIC WEALTH LLC 54.52% of their portfolio | 7.3m $1.2bn | Added +7.3m |
| ALLIANCEBERNSTEIN L.P. 0.49% of their portfolio | 7.2m $1.2bn | Reduced -971.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.92% of their portfolio | 7.1m $1.2bn | Reduced -934.0k |
| PNC Financial Services Group, Inc. 0.98% of their portfolio | 7.0m $1.2bn | Reduced -130.2k |
| Amundi 0.57% of their portfolio | 6.9m $1.1bn | Added +650.1k |
| CREDIT SUISSE AG/ 1.14% of their portfolio | 6.9m $1.1bn | Reduced -182.1k |
| Clearbridge Investments, LLC 1.01% of their portfolio | 6.8m $1.1bn | Added +657.1k |
| Boston Partners 1.51% of their portfolio | 6.8m $1.1bn | Reduced -830.6k |
| Fisher Asset Management, LLC 0.61% of their portfolio | 6.7m $1.1bn | Added +426.1k |
| RAYMOND JAMES & ASSOCIATES 0.85% of their portfolio | 6.2m $1.0bn | Added +132.6k |
| FLOSSBACH VON STORCH SE 4.13% of their portfolio | 6.2m $1.0bn | Added +55.6k |
| Fiera Capital Corp 2.94% of their portfolio | 6.1m $1.0bn | Reduced -528.4k |
| Capital World Investors 0.19% of their portfolio | 6.0m $996.5m | Reduced -1.1m |
| TORONTO DOMINION BANK 0.66% of their portfolio | 5.4m $887.8m | Added +2.8m |
| BANK OF MONTREAL /CAN/ 0.31% of their portfolio | 5.1m $851.7m | Reduced -192.5k |
| Ninety One UK Ltd 2.26% of their portfolio | 4.7m $773.1m | Reduced -103.5k |
| RHUMBLINE ADVISERS 0.86% of their portfolio | 4.6m $768.9m | Added +42.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.95% of their portfolio | 4.5m $740.4m | Reduced -131.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 1.01% of their portfolio | 4.3m $714.7m | Reduced -125.1k |
| Mawer Investment Management Ltd. 3.73% of their portfolio | 4.3m $712.3m | Reduced -37.5k |
| PRUDENTIAL FINANCIAL INC 1.03% of their portfolio | 4.3m $706.6m | Added +227.2k |
| STIFEL FINANCIAL CORP 0.95% of their portfolio | 4.2m $692.8m | Added +121.1k |
| HighTower Advisors, LLC 1.30% of their portfolio | 4.0m $662.5m | Added +141.5k |
| Ensign Peak Advisors, Inc 1.34% of their portfolio | 4.0m $659.2m | Reduced -421.0k |
| DekaBank Deutsche Girozentrale 1.46% of their portfolio | 3.9m $651.9m | Added +85.2k |
| FIL Ltd 0.73% of their portfolio | 3.9m $650.6m | Reduced -667.7k |
| National Pension Service 1.03% of their portfolio | 3.9m $636.9m | Added +126.2k |
| Baird Financial Group, Inc. 1.67% of their portfolio | 3.8m $632.7m | Reduced -954.8k |
| Sanders Capital, LLC 1.32% of their portfolio | 3.8m $629.5m | Added +129.1k |
| 1832 Asset Management L.P. 1.22% of their portfolio | 3.8m $628.0m | Reduced -3.9k |
| MACKENZIE FINANCIAL CORP 0.92% of their portfolio | 3.7m $601.5m | Added +223.0k |
| MACQUARIE GROUP LTD 0.67% of their portfolio | 3.5m $586.9m | Reduced -301.2k |
| APG Asset Management N.V. 1.05% of their portfolio | 3.4m $521.2m | Reduced -16.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 2.58% of their portfolio | 3.4m $556.6m | Added +362.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.38% of their portfolio | 3.3m $553.8m | Reduced -46.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.83% of their portfolio | 3.3m $547.9m | Added +226.2k |
| CANADA LIFE ASSURANCE Co 1.30% of their portfolio | 3.3m $548.8m | Reduced -136.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.30% of their portfolio | 3.3m $539.3m | Reduced -315.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.24% of their portfolio | 3.2m $535.9m | Reduced -1.2m |
| Bridgewater Associates, LP 3.25% of their portfolio | 3.2m $526.6m | Reduced -406.0k |
| US BANCORP \DE\ 0.84% of their portfolio | 3.1m $517.7m | Reduced -61.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 1.07% of their portfolio | 2.9m $473.1m | Reduced -116.6k |
| LPL Financial LLC 0.34% of their portfolio | 2.8m $470.8m | Added +93.4k |
| JENSEN INVESTMENT MANAGEMENT INC 3.42% of their portfolio | 2.8m $466.6m | Added +32.6k |
| TRUIST FINANCIAL CORP 0.77% of their portfolio | 2.8m $463.2m | Reduced -146.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 1.02% of their portfolio | 2.8m $460.5m | Reduced -113.9k |
| Raymond James Financial Services Advisors, Inc. 0.79% of their portfolio | 2.7m $447.4m | Added +89.1k |
| LONDON CO OF VIRGINIA 2.48% of their portfolio | 2.6m $437.6m | Reduced -58.6k |
| Corient Private Wealth LP 1.01% of their portfolio | 2.6m $437.3m | Reduced -11.6k |
| Capital Wealth Planning, LLC 5.25% of their portfolio | 2.6m $425.6m | Added +172.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.47% of their portfolio | 2.6m $425.2m | Reduced -90.5k |
| Caisse de depot et placement du Quebec 1.13% of their portfolio | 2.6m $422.9m | Added +21.6k |
| Independent Franchise Partners LLP 3.37% of their portfolio | 2.4m $403.1m | Added +6.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.84% of their portfolio | 2.4m $401.7m | Added +144.8k |
| COMERICA BANK 0.01% of their portfolio | 2.4m $360 | First filing |
| WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST 5.19% of their portfolio | 2.4m $393.9m | Unchanged |
| Allianz Asset Management GmbH 0.80% of their portfolio | 2.4m $393.5m | Reduced -10.6k |
| NATIONAL BANK OF CANADA /FI/ 0.77% of their portfolio | 2.4m $385.6m | Added +1.4m |
| Russell Investments Group, Ltd. 0.75% of their portfolio | 2.3m $386.4m | Reduced -75.5k |
| Bank Julius Baer & Co. Ltd, Zurich 2.22% of their portfolio | 2.3m $373.3m | Reduced -11.6k |
| CITADEL ADVISORS LLC 0.41% of their portfolio | 2.2m $369.5m | Added +557.5k |
| CIBC Private Wealth Group LLC 0.40% of their portfolio | 2.2m $368.6m | Added +152.0k |