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 ($1.2bn this quarter). Holder counts are more reliable. Shares outstanding: 2.4bn as of 2024-04-25, 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 ≈ $157.95. Options: 63 managers hold calls ($2.7bn notional), 67 hold puts ($2.3bn).
Trends to Q1 2024
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 |
| Q1 2024 | 3,858 |
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 |
| Q1 2024 | 1,673 | 1,878 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $4.2bn | $2.6bn | 0.62 |
| Q3 2023 | $3.3bn | $2.8bn | 0.86 |
| Q4 2023 | $3.3bn | $2.8bn | 0.84 |
| Q1 2024 | $2.7bn | $2.3bn | 0.84 |
Biggest buyers
| MORGAN STANLEY | Added | +44.3m |
| BlackRock Inc. | Added | +3.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +3.1m |
| NORGES BANK | Added | +2.5m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +2.1m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.8m |
| Independent Franchise Partners LLP | Added | +1.7m |
| HSBC HOLDINGS PLC | Added | +1.7m |
| BANK OF AMERICA CORP /DE/ | Added | +1.6m |
| FRANKLIN RESOURCES INC | Added | +1.5m |
Biggest sellers
| Capital International Investors | Reduced | -11.8m |
| GOLDMAN SACHS GROUP INC | Reduced | -2.8m |
| Capital Wealth Planning, LLC | Reduced | -1.5m |
| AXA S.A. | Reduced | -1.3m |
| TWO SIGMA ADVISERS, LP | Reduced | -1.3m |
| NORTHERN TRUST CORP | Reduced | -1.1m |
| BANK OF MONTREAL /CAN/ | Reduced | -1.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -912.1k |
| KBC Group NV | Reduced | -870.1k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -678.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $651.9m4.1m shares |
| CITADEL ADVISORS LLC | Reduced | $498.2m3.1m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $155.1m980.7k shares |
| JANE STREET GROUP, LLC | Reduced | $152.2m962.3k shares |
| D. E. Shaw & Co., Inc. | Reduced | $113.9m720.2k shares |
| Parallax Volatility Advisers, L.P. | Added | $109.8m694.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $97.0m613.2k shares |
| WOLVERINE TRADING, LLC | Added | $83.3m526.3k shares |
| WELLS FARGO & COMPANY/MN | Added | $82.6m522.0k shares |
| UBS Group AG | Reduced | $79.9m505.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $408.0m2.6m shares |
| CITADEL ADVISORS LLC | Reduced | $380.8m2.4m shares |
| UBS Group AG | Reduced | $114.7m725.1k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $110.2m696.5k shares |
| CITIGROUP INC | Reduced | $96.4m609.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $93.0m588.2k shares |
| JANE STREET GROUP, LLC | Reduced | $92.3m583.3k shares |
| Eisler Capital (UK) Ltd. | Added | $87.9m555.8k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $76.2m482.0k shares |
| WELLS FARGO & COMPANY/MN | Reduced | $75.6m477.6k 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 2024
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 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 | — | — |
| Q1 2024 | 0 | — | 2 | $10.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-13 | Broadhurst Vanessa EVP, Global Corp Affairs | Sold | $1.4m8.9k shares |
| 2024-02-09 | Taubert Jennifer L EVP, WW Chair, Pharmaceuticals | Sold | $9.3m59.4k 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.72% of their portfolio | 228.9m $36.2bn | Reduced -449.2k |
| BlackRock Inc. 0.70% of their portfolio | 189.7m $30.0bn | Added +3.4m |
| STATE STREET CORP 0.94% of their portfolio | 133.5m $21.1bn | Added +615.5k |
| MORGAN STANLEY 0.54% of their portfolio | 127.6m $20.2bn | Added +44.3m |
| JPMORGAN CHASE & CO 0.42% of their portfolio | 60.1m $9.5bn | Added +412.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.78% of their portfolio | 53.3m $8.4bn | Added +2.1m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 4.51% of their portfolio | 31.7m $5.0bn | Unchanged |
| NORTHERN TRUST CORP 0.78% of their portfolio | 28.6m $4.5bn | Reduced -1.1m |
| NORGES BANK 0.71% of their portfolio | 28.5m $4.5bn | Added +2.5m |
| WELLINGTON MANAGEMENT GROUP LLP 0.67% of their portfolio | 23.7m $3.8bn | Reduced -272.8k |
| BANK OF AMERICA CORP /DE/ 0.37% of their portfolio | 23.7m $3.8bn | Added +1.6m |
| Bank of New York Mellon Corp 0.67% of their portfolio | 22.1m $3.5bn | Reduced -82.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.42% of their portfolio | 21.8m $3.5bn | Added +3.1m |
| WELLS FARGO & COMPANY/MN 0.78% of their portfolio | 18.6m $2.9bn | Reduced -32.5k |
| Legal & General Group Plc 0.84% of their portfolio | 18.5m $2.9bn | Added +402.4k |
| Capital International Investors 0.55% of their portfolio | 17.2m $2.7bn | Reduced -11.8m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.80% of their portfolio | 16.9m $2.7bn | Added +45.6k |
| FMR LLC 0.18% of their portfolio | 16.9m $2.7bn | Added +222.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.59% of their portfolio | 16.2m $2.5bn | Added +232.4k |
| Invesco Ltd. 0.48% of their portfolio | 14.3m $2.3bn | Added +985.3k |
| DEUTSCHE BANK AG\ 1.04% of their portfolio | 14.1m $2.2bn | Added +1.2m |
| AMERIPRISE FINANCIAL INC 0.59% of their portfolio | 13.6m $2.2bn | Added +1.1m |
| ROYAL BANK OF CANADA 0.51% of their portfolio | 13.3m $2.1bn | Reduced -182.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.74% of their portfolio | 13.2m $2.1bn | Reduced -912.1k |
| FRANKLIN RESOURCES INC 0.62% of their portfolio | 12.5m $2.0bn | Added +1.5m |
| DIMENSIONAL FUND ADVISORS LP 0.48% of their portfolio | 11.3m $1.8bn | Added +1.1m |
| California Public Employees Retirement System 1.18% of their portfolio | 10.6m $1.7bn | Added +21.5k |
| ROBERT WOOD JOHNSON FOUNDATION 96.20% of their portfolio | 10.4m $1.6bn | Reduced -469.7k |
| GOLDMAN SACHS GROUP INC 0.34% of their portfolio | 10.4m $1.6bn | Reduced -2.8m |
| UBS Group AG 0.52% of their portfolio | 10.0m $1.6bn | Added +1.3m |
| Amundi 0.63% of their portfolio | 10.0m $1.5bn | Added +1.4m |
| HSBC HOLDINGS PLC 1.12% of their portfolio | 10.0m $1.6bn | Added +1.7m |
| Nuveen Asset Management, LLC 0.44% of their portfolio | 9.3m $1.5bn | Reduced -143.0k |
| BARCLAYS PLC 0.59% of their portfolio | 8.3m $1.3bn | Reduced -638.2k |
| NORDEA INVESTMENT MANAGEMENT AB 1.43% of their portfolio | 7.7m $1.2bn | Reduced -314.8k |
| AMERICAN CENTURY COMPANIES INC 0.75% of their portfolio | 7.6m $1.2bn | Added +416.8k |
| Swiss National Bank 0.80% of their portfolio | 7.2m $1.1bn | Reduced -320.5k |
| JOURNEY STRATEGIC WEALTH LLC 48.18% of their portfolio | 6.9m $1.1bn | Added +958 |
| Fisher Asset Management, LLC 0.49% of their portfolio | 6.6m $1.0bn | Added +272.6k |
| PNC Financial Services Group, Inc. 0.71% of their portfolio | 6.5m $1.0bn | Reduced -224.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.70% of their portfolio | 6.4m $1.0bn | Reduced -39.8k |
| RAYMOND JAMES & ASSOCIATES 0.68% of their portfolio | 6.4m $1.0bn | Added +322.6k |
| FLOSSBACH VON STORCH SE 4.16% of their portfolio | 6.0m $955.6m | Reduced -72.1k |
| NEUBERGER BERMAN GROUP LLC 0.78% of their portfolio | 6.0m $949.6m | Reduced -621.1k |
| LAZARD ASSET MANAGEMENT LLC 1.13% of their portfolio | 5.9m $930.1m | Reduced -55.4k |
| Clearbridge Investments, LLC 0.73% of their portfolio | 5.8m $920.9m | Reduced -464.0k |
| CREDIT SUISSE AG/ 0.88% of their portfolio | 5.8m $915.1m | Reduced -391.8k |
| BANK OF MONTREAL /CAN/ 0.27% of their portfolio | 5.4m $865.7m | Reduced -1.1m |
| ALLIANCEBERNSTEIN L.P. 0.29% of their portfolio | 5.2m $822.4m | Reduced -341.4k |
| Grantham, Mayo, Van Otterloo & Co. LLC 2.78% of their portfolio | 4.8m $763.7m | Added +841.2k |
| DekaBank Deutsche Girozentrale 1.32% of their portfolio | 4.5m $709.4m | Added +86.7k |
| STIFEL FINANCIAL CORP 0.79% of their portfolio | 4.4m $693.0m | Added +72.8k |
| RHUMBLINE ADVISERS 0.66% of their portfolio | 4.3m $685.4m | Added +56.2k |
| Fiera Capital Corp 1.98% of their portfolio | 4.3m $680.2m | Added +30.7k |
| Ninety One UK Ltd 1.87% of their portfolio | 4.2m $667.4m | Reduced -217.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.25% of their portfolio | 4.2m $660.3m | Added +205.6k |
| Independent Franchise Partners LLP 5.30% of their portfolio | 4.1m $640.7m | Added +1.7m |
| Baird Financial Group, Inc. 1.33% of their portfolio | 4.0m $633.8m | Added +80.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.78% of their portfolio | 3.9m $620.7m | Added +29.9k |
| National Pension Service 0.74% of their portfolio | 3.9m $620.2m | Added +66.9k |
| HighTower Advisors, LLC 0.96% of their portfolio | 3.7m $590.9m | Reduced -167.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.74% of their portfolio | 3.5m $558.9m | Reduced -95.2k |
| PRUDENTIAL FINANCIAL INC 0.78% of their portfolio | 3.5m $554.6m | Reduced -186.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.58% of their portfolio | 3.5m $551.6m | Added +703.2k |
| MACKENZIE FINANCIAL CORP 0.77% of their portfolio | 3.4m $535.3m | Reduced -5.2k |
| Allianz Asset Management GmbH 0.89% of their portfolio | 3.3m $528.2m | Added +897.4k |
| LPL Financial LLC 0.27% of their portfolio | 3.2m $504.1m | Added +175.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.30% of their portfolio | 3.2m $502.0m | Added +33.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.67% of their portfolio | 3.1m $486.0m | Added +483.1k |
| CANADA LIFE ASSURANCE Co 0.98% of their portfolio | 3.1m $486.1m | Added +139.8k |
| Caisse de depot et placement du Quebec 1.13% of their portfolio | 3.0m $471.0m | Added +213.8k |
| Mawer Investment Management Ltd. 2.18% of their portfolio | 3.0m $470.5m | Reduced -10.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.46% of their portfolio | 3.0m $468.8m | Added +708.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 1.05% of their portfolio | 2.9m $448.8m | Added +332.7k |
| Bridgewater Associates, LP 2.27% of their portfolio | 2.8m $449.8m | Added +68.5k |
| APG Asset Management N.V. 0.72% of their portfolio | 2.8m $412.2m | Reduced -98.9k |
| US BANCORP \DE\ 0.62% of their portfolio | 2.8m $444.7m | Reduced -156.4k |
| Corient Private Wealth LP 0.79% of their portfolio | 2.8m $444.4m | Reduced -14.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.39% of their portfolio | 2.7m $423.8m | Reduced -314.8k |
| Raymond James Financial Services Advisors, Inc. 0.61% of their portfolio | 2.6m $408.1m | Added +88.8k |
| CITIGROUP INC 0.42% of their portfolio | 2.5m $391.2m | Added +336.6k |
| NATIONAL BANK OF CANADA /FI/ 0.63% of their portfolio | 2.5m $367.3m | Added +1.1m |
| Qube Research & Technologies Ltd 0.70% of their portfolio | 2.4m $386.2m | Added +337.9k |
| MACQUARIE GROUP LTD 0.43% of their portfolio | 2.4m $383.8m | Reduced -137.0k |
| AQR CAPITAL MANAGEMENT LLC 0.65% of their portfolio | 2.4m $382.5m | Added +545.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.80% of their portfolio | 2.4m $381.2m | Reduced -80.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.46% of their portfolio | 2.4m $373.7m | Added +1.1m |
| LONDON CO OF VIRGINIA 1.95% of their portfolio | 2.3m $369.5m | Reduced -67.6k |
| Bank Julius Baer & Co. Ltd, Zurich 1.40% of their portfolio | 2.3m $364.7m | Reduced -186.2k |
| LSV ASSET MANAGEMENT 0.70% of their portfolio | 2.1m $337.9m | Reduced -39.2k |
| Swedbank AB 0.47% of their portfolio | 2.1m $331.2m | Added +24.1k |
| Russell Investments Group, Ltd. 0.52% of their portfolio | 2.1m $329.4m | Added +275.1k |
| TRUIST FINANCIAL CORP 0.49% of their portfolio | 2.0m $320.2m | Reduced -386.1k |
| JENSEN INVESTMENT MANAGEMENT INC 2.44% of their portfolio | 2.0m $319.3m | Reduced -87.0k |
| M&T Bank Corp 1.10% of their portfolio | 2.0m $315.9m | Reduced -52.3k |
| Ensign Peak Advisors, Inc 0.57% of their portfolio | 2.0m $312.0m | Reduced -335.3k |
| MILLENNIUM MANAGEMENT LLC 0.26% of their portfolio | 2.0m $310.4m | Added +1.8m |
| Aberdeen Group plc 0.59% of their portfolio | 1.9m $302.9m | Reduced -99.9k |
| COMGEST GLOBAL INVESTORS S.A.S. 4.10% of their portfolio | 1.9m $294.4m | Added +44.2k |
| Mitsubishi UFJ Trust & Banking Corp 0.66% of their portfolio | 1.8m $290.0m | Added +43.5k |