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 ($1.1bn this quarter). Holder counts are more reliable. Shares outstanding: 2.4bn as of 2024-02-09, 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 ≈ $156.80. Options: 76 managers hold calls ($3.3bn notional), 75 hold puts ($2.8bn).
Trends to Q4 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 |
| Q3 2023 | 3,688 |
| Q4 2023 | 3,877 |
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 |
| Q3 2023 | 1,324 | 2,184 |
| Q4 2023 | 1,391 | 2,008 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $3.2bn | $2.5bn | 0.79 |
| Q2 2023 | $4.2bn | $2.6bn | 0.62 |
| Q3 2023 | $3.3bn | $2.8bn | 0.86 |
| Q4 2023 | $3.3bn | $2.8bn | 0.84 |
Biggest buyers
| MORGAN STANLEY | Added | +42.1m |
| JPMORGAN CHASE & CO | Added | +28.2m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +4.2m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +3.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +3.0m |
| Amundi | Added | +2.6m |
| NORGES BANK | Added | +2.4m |
| STATE STREET CORP | Added | +2.0m |
| BlackRock Inc. | Added | +1.9m |
| TWO SIGMA ADVISERS, LP | Added | +1.9m |
Biggest sellers
| BANK OF AMERICA CORP /DE/ | Reduced | -2.6m |
| BARCLAYS PLC | Reduced | -2.3m |
| Capital World Investors | Sold out | -2.3m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.7m |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -1.4m |
| TORONTO DOMINION BANK | Reduced | -1.3m |
| FMR LLC | Reduced | -1.2m |
| Fisher Asset Management, LLC | Reduced | -1.1m |
| UBS Group AG | Reduced | -984.4k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -967.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $738.2m4.7m shares |
| CITADEL ADVISORS LLC | Added | $586.0m3.7m shares |
| D. E. Shaw & Co., Inc. | Added | $231.2m1.5m shares |
| JANE STREET GROUP, LLC | Reduced | $205.5m1.3m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $130.2m830.4k shares |
| CITIGROUP INC | Reduced | $114.6m731.3k shares |
| JPMORGAN CHASE & CO | Added | $110.0m701.6k shares |
| UBS Group AG | Added | $109.3m697.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $109.0m695.4k shares |
| Twin Tree Management, LP | Reduced | $90.8m579.4k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $493.4m3.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $446.1m2.8m shares |
| CITIGROUP INC | Reduced | $180.0m1.1m shares |
| UBS Group AG | Added | $152.3m972.0k shares |
| JANE STREET GROUP, LLC | Reduced | $129.6m827.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $108.0m689.3k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $99.1m632.1k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $91.9m586.3k shares |
| WELLS FARGO & COMPANY/MN | Added | $79.4m506.7k shares |
| JPMORGAN CHASE & CO | Added | $75.9m484.4k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2023 | 0 | — | 2 | $5.9m | — |
| Q4 2023 | 0 | — | 0 | — | — |
None reported in Q4 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.79% of their portfolio | 229.4m $36.0bn | Added +100.9k |
| BlackRock Inc. 0.75% of their portfolio | 186.3m $29.2bn | Added +1.9m |
| STATE STREET CORP 1.01% of their portfolio | 132.9m $20.8bn | Added +2.0m |
| MORGAN STANLEY 0.58% of their portfolio | 83.3m $13.1bn | Added +42.1m |
| JPMORGAN CHASE & CO 0.48% of their portfolio | 59.7m $9.4bn | Added +28.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.84% of their portfolio | 51.3m $8.0bn | Added +4.2m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 4.77% of their portfolio | 31.7m $5.0bn | Unchanged |
| NORTHERN TRUST CORP 0.84% of their portfolio | 29.7m $4.7bn | Reduced -602.6k |
| Capital International Investors 1.02% of their portfolio | 29.0m $4.5bn | Reduced -543 |
| NORGES BANK 0.71% of their portfolio | 26.0m $4.1bn | Added +2.4m |
| WELLINGTON MANAGEMENT GROUP LLP 0.70% of their portfolio | 24.0m $3.8bn | Added +3.4m |
| Bank of New York Mellon Corp 0.71% of their portfolio | 22.2m $3.5bn | Added +325.1k |
| BANK OF AMERICA CORP /DE/ 0.39% of their portfolio | 22.1m $3.5bn | Reduced -2.6m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.39% of their portfolio | 18.7m $2.9bn | Added +232.7k |
| WELLS FARGO & COMPANY/MN 0.83% of their portfolio | 18.7m $2.9bn | Reduced -464.0k |
| Legal & General Group Plc 0.88% of their portfolio | 18.1m $2.8bn | Added +21.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.86% of their portfolio | 16.9m $2.6bn | Reduced -713.7k |
| FMR LLC 0.20% of their portfolio | 16.7m $2.6bn | Reduced -1.2m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.63% of their portfolio | 15.9m $2.5bn | Added +241.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.87% of their portfolio | 14.1m $2.2bn | Added +3.0m |
| ROYAL BANK OF CANADA 0.52% of their portfolio | 13.4m $2.1bn | Added +1.0m |
| Invesco Ltd. 0.50% of their portfolio | 13.3m $2.1bn | Added +794.8k |
| GOLDMAN SACHS GROUP INC 0.45% of their portfolio | 13.2m $2.1bn | Added +504.8k |
| DEUTSCHE BANK AG\ 1.04% of their portfolio | 12.9m $2.0bn | Added +882.7k |
| AMERIPRISE FINANCIAL INC 0.59% of their portfolio | 12.5m $2.0bn | Added +950.5k |
| FRANKLIN RESOURCES INC 0.80% of their portfolio | 11.0m $1.7bn | Reduced -640.5k |
| ROBERT WOOD JOHNSON FOUNDATION 96.47% of their portfolio | 10.8m $1.7bn | Reduced -112.6k |
| California Public Employees Retirement System 1.26% of their portfolio | 10.6m $1.7bn | Added +498.6k |
| DIMENSIONAL FUND ADVISORS LP 0.47% of their portfolio | 10.2m $1.6bn | Added +975.5k |
| Nuveen Asset Management, LLC 0.47% of their portfolio | 9.4m $1.5bn | Reduced -15.1k |
| BARCLAYS PLC 0.72% of their portfolio | 8.9m $1.4bn | Reduced -2.3m |
| UBS Group AG 0.55% of their portfolio | 8.7m $1.4bn | Reduced -984.4k |
| Amundi 0.62% of their portfolio | 8.6m $1.4bn | Added +2.6m |
| HSBC HOLDINGS PLC 1.18% of their portfolio | 8.2m $1.3bn | Added +808.3k |
| NORDEA INVESTMENT MANAGEMENT AB 1.58% of their portfolio | 8.0m $1.2bn | Reduced -692.0k |
| Swiss National Bank 0.87% of their portfolio | 7.5m $1.2bn | Reduced -214.8k |
| AMERICAN CENTURY COMPANIES INC 0.77% of their portfolio | 7.2m $1.1bn | Added +682.1k |
| JOURNEY STRATEGIC WEALTH LLC 50.78% of their portfolio | 6.9m $1.1bn | Reduced -394.4k |
| PNC Financial Services Group, Inc. 0.82% of their portfolio | 6.7m $1.0bn | Reduced -136.6k |
| NEUBERGER BERMAN GROUP LLC 0.91% of their portfolio | 6.6m $1.0bn | Reduced -967.9k |
| BANK OF MONTREAL /CAN/ 0.34% of their portfolio | 6.5m $1.0bn | Added +1.5m |
| Sumitomo Mitsui Trust Group, Inc. 0.75% of their portfolio | 6.4m $1.0bn | Reduced -53.0k |
| Fisher Asset Management, LLC 0.53% of their portfolio | 6.4m $995.3m | Reduced -1.1m |
| Clearbridge Investments, LLC 0.85% of their portfolio | 6.3m $985.1m | Added +50.8k |
| CREDIT SUISSE AG/ 0.94% of their portfolio | 6.2m $969.2m | Reduced -477.6k |
| FLOSSBACH VON STORCH SE 4.37% of their portfolio | 6.1m $958.1m | Reduced -1.3k |
| RAYMOND JAMES & ASSOCIATES 0.71% of their portfolio | 6.1m $950.1m | Added +27.0k |
| LAZARD ASSET MANAGEMENT LLC 1.18% of their portfolio | 5.9m $930.3m | Reduced -1.4m |
| ALLIANCEBERNSTEIN L.P. 0.33% of their portfolio | 5.5m $868.3m | Reduced -448.8k |
| Ninety One UK Ltd 2.07% of their portfolio | 4.4m $695.3m | Added +12.9k |
| DekaBank Deutsche Girozentrale 1.41% of their portfolio | 4.4m $688.2m | Added +200.2k |
| STIFEL FINANCIAL CORP 0.85% of their portfolio | 4.3m $675.2m | Added +1.5k |
| RHUMBLINE ADVISERS 0.70% of their portfolio | 4.3m $670.4m | Reduced -18.1k |
| Fiera Capital Corp 2.05% of their portfolio | 4.3m $669.2m | Reduced -360.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 2.76% of their portfolio | 4.0m $624.8m | Added +241.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.26% of their portfolio | 4.0m $622.0m | Added +11.2k |
| Baird Financial Group, Inc. 1.40% of their portfolio | 3.9m $615.5m | Added +111.1k |
| HighTower Advisors, LLC 1.03% of their portfolio | 3.9m $611.8m | Added +70.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.84% of their portfolio | 3.9m $610.4m | Added +48.3k |
| National Pension Service 0.84% of their portfolio | 3.9m $604.0m | Added +76.8k |
| PRUDENTIAL FINANCIAL INC 0.87% of their portfolio | 3.7m $577.9m | Reduced -292.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.79% of their portfolio | 3.6m $568.7m | Reduced -282.9k |
| MACKENZIE FINANCIAL CORP 0.80% of their portfolio | 3.4m $531.2m | Reduced -115.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.31% of their portfolio | 3.1m $492.1m | Added +37.1k |
| LPL Financial LLC 0.29% of their portfolio | 3.0m $472.0m | Added +114.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.28% of their portfolio | 3.0m $469.3m | Reduced -16.0k |
| Mawer Investment Management Ltd. 2.40% of their portfolio | 3.0m $467.8m | Reduced -385.8k |
| US BANCORP \DE\ 0.69% of their portfolio | 3.0m $465.1m | Reduced -85.2k |
| CANADA LIFE ASSURANCE Co 1.00% of their portfolio | 2.9m $457.0m | Added +54.8k |
| APG Asset Management N.V. 0.81% of their portfolio | 2.9m $413.4m | Added +14.5k |
| Corient Private Wealth LP 0.81% of their portfolio | 2.8m $442.6m | Added +126.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.55% of their portfolio | 2.8m $436.4m | Added +183.0k |
| Bridgewater Associates, LP 2.43% of their portfolio | 2.8m $434.9m | Added +50.3k |
| Caisse de depot et placement du Quebec 1.10% of their portfolio | 2.8m $433.2m | Added +467.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.73% of their portfolio | 2.6m $416.6m | Added +177.6k |
| MACQUARIE GROUP LTD 0.46% of their portfolio | 2.6m $401.8m | Reduced -395.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.84% of their portfolio | 2.6m $401.7m | Added +54.1k |
| Bank Julius Baer & Co. Ltd, Zurich 1.99% of their portfolio | 2.5m $471.0m | Added +102.8k |
| Raymond James Financial Services Advisors, Inc. 0.63% of their portfolio | 2.5m $390.4m | Reduced -109.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.87% of their portfolio | 2.5m $390.2m | Reduced -77.9k |
| Allianz Asset Management GmbH 0.71% of their portfolio | 2.4m $382.7m | Reduced -95.0k |
| TRUIST FINANCIAL CORP 0.60% of their portfolio | 2.4m $377.8m | Reduced -336.0k |
| LONDON CO OF VIRGINIA 2.12% of their portfolio | 2.4m $376.7m | Reduced -170.7k |
| Ensign Peak Advisors, Inc 0.72% of their portfolio | 2.3m $361.7m | Reduced -782.9k |
| Independent Franchise Partners LLP 3.07% of their portfolio | 2.3m $360.9m | Reduced -114.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.37% of their portfolio | 2.3m $353.4m | Reduced -80.7k |
| LSV ASSET MANAGEMENT 0.74% of their portfolio | 2.2m $341.0m | Reduced -76.4k |
| CITIGROUP INC 0.44% of their portfolio | 2.1m $334.8m | Reduced -39.4k |
| AXA S.A. 0.53% of their portfolio | 2.1m $331.7m | Added +1.2m |
| JENSEN INVESTMENT MANAGEMENT INC 2.50% of their portfolio | 2.1m $330.0m | Reduced -174.3k |
| Qube Research & Technologies Ltd 0.75% of their portfolio | 2.1m $329.7m | Added +270.7k |
| TWO SIGMA ADVISERS, LP 0.76% of their portfolio | 2.1m $326.0m | Added +1.9m |
| Swedbank AB 0.53% of their portfolio | 2.1m $324.4m | Reduced -32.1k |
| M&T Bank Corp 1.18% of their portfolio | 2.0m $321.2m | Reduced -29.5k |
| Aberdeen Group plc 0.68% of their portfolio | 2.0m $315.8m | Added +1.0m |
| FIL Ltd 0.32% of their portfolio | 2.0m $306.3m | Reduced -185.4k |
| Boston Partners 0.39% of their portfolio | 1.9m $297.6m | Reduced -142.2k |
| AQR CAPITAL MANAGEMENT LLC 0.55% of their portfolio | 1.9m $292.8m | Added +366.0k |
| Korea Investment CORP 0.77% of their portfolio | 1.9m $293.4m | Reduced -31.7k |
| PineStone Asset Management Inc. 3.12% of their portfolio | 1.9m $290.5m | Added +358.6k |