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 ($885.5m this quarter). Holder counts are more reliable. Shares outstanding: 2.4bn as of 2025-02-06, 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 ≈ $144.58. Options: 62 managers hold calls ($2.6bn notional), 65 hold puts ($2.1bn).
Trends to Q4 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 |
| Q2 2024 | 3,815 |
| Q3 2024 | 3,893 |
| Q4 2024 | 4,117 |
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 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 |
| Q2 2024 | 1,621 | 1,943 |
| Q3 2024 | 1,726 | 1,837 |
| Q4 2024 | 1,465 | 2,113 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $2.7bn | $2.3bn | 0.84 |
| Q2 2024 | $2.1bn | $1.8bn | 0.85 |
| Q3 2024 | $3.2bn | $2.6bn | 0.81 |
| Q4 2024 | $2.6bn | $2.1bn | 0.80 |
Biggest buyers
| MACKENZIE FINANCIAL CORP | Added | +6.0m |
| PINNACLE ASSOCIATES LTD | Added | +4.7m |
| JANUS HENDERSON GROUP PLC | Added | +4.6m |
| NORTHERN TRUST CORP | Added | +3.4m |
| Qube Research & Technologies Ltd | Added | +2.6m |
| UBS Group AG | Added | +2.4m |
| VANGUARD GROUP INC | Added | +1.8m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.7m |
| Amundi | Added | +1.7m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.6m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -29.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -8.9m |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -3.7m |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Reduced | -3.4m |
| Bank of New York Mellon Corp | Reduced | -2.5m |
| FMR LLC | Reduced | -2.2m |
| BANK OF AMERICA CORP /DE/ | Reduced | -2.1m |
| GOLDMAN SACHS GROUP INC | Reduced | -2.1m |
| Mawer Investment Management Ltd. | Reduced | -2.0m |
| GQG Partners LLC | Reduced | -1.5m |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $548.8m3.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $545.1m3.8m shares |
| JANE STREET GROUP, LLC | Reduced | $183.9m1.3m shares |
| Aptus Capital Advisors, LLC | New | $173.5m1.2m shares |
| UBS Group AG | Added | $163.9m1.1m shares |
| SIMPLEX TRADING, LLC | Added | $110.1m761.6k shares |
| Twin Tree Management, LP | Reduced | $101.0m698.5k shares |
| IMC-Chicago, LLC | Added | $100.3m693.8k shares |
| GROUP ONE TRADING LLC | Reduced | $63.1m436.3k shares |
| Parallax Volatility Advisers, L.P. | Added | $60.3m416.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $360.3m2.5m shares |
| CITADEL ADVISORS LLC | Reduced | $257.7m1.8m shares |
| Eisler Capital Management Ltd. | First filing | $128.4m892.0k shares |
| UBS Group AG | Reduced | $122.9m849.9k shares |
| CITIGROUP INC | Added | $100.2m692.8k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $87.4m6.0k shares |
| Qube Research & Technologies Ltd | Added | $81.0m560.3k shares |
| JANE STREET GROUP, LLC | Reduced | $80.0m553.4k shares |
| Jefferies Financial Group Inc. | Added | $73.8m510.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $73.8m510.1k 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 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2024 | 1 | $14.6k | 0 | — | — |
| Q3 2024 | 0 | — | 1 | $930.1k | — |
| Q4 2024 | 1 | $147.2k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-12-12 | WEINBERGER MARK A Director | Bought | $147.2k1.0k 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.59% of their portfolio | 232.8m $33.7bn | Added +1.8m |
| BlackRock, Inc. 0.59% of their portfolio | 201.3m $29.1bn | Added +1.4m |
| STATE STREET CORP 0.77% of their portfolio | 134.5m $19.4bn | Added +210.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.64% of their portfolio | 57.7m $8.3bn | Added +1.6m |
| MORGAN STANLEY 0.44% of their portfolio | 43.9m $6.4bn | Reduced -1.3m |
| JPMORGAN CHASE & CO 0.44% of their portfolio | 38.8m $5.6bn | Reduced -29.4m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 4.17% of their portfolio | 31.7m $4.6bn | Unchanged |
| NORTHERN TRUST CORP 0.63% of their portfolio | 30.8m $4.5bn | Added +3.4m |
| NORGES BANK 0.58% of their portfolio | 30.4m $4.4bn | Added +1.3m |
| WELLINGTON MANAGEMENT GROUP LLP 0.65% of their portfolio | 24.4m $3.5bn | Added +431.2k |
| BANK OF AMERICA CORP /DE/ 0.30% of their portfolio | 22.5m $3.3bn | Reduced -2.1m |
| Invesco Ltd. 0.51% of their portfolio | 19.1m $2.8bn | Added +1.2m |
| Legal & General Group Plc 0.71% of their portfolio | 18.5m $2.7bn | Reduced -298.3k |
| Bank of New York Mellon Corp 0.49% of their portfolio | 18.3m $2.7bn | Reduced -2.5m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.48% of their portfolio | 18.2m $2.6bn | Added +547.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.81% of their portfolio | 17.8m $2.6bn | Reduced -755.7k |
| WELLS FARGO & COMPANY/MN 0.62% of their portfolio | 17.8m $2.6bn | Reduced -769.8k |
| FRANKLIN RESOURCES INC 0.70% of their portfolio | 17.4m $2.5bn | Added +595.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.27% of their portfolio | 16.3m $2.4bn | Reduced -8.9m |
| FMR LLC 0.14% of their portfolio | 16.1m $2.3bn | Reduced -2.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.52% of their portfolio | 15.4m $2.2bn | Reduced -1.1m |
| DIMENSIONAL FUND ADVISORS LP 0.51% of their portfolio | 14.8m $2.1bn | Added +636.4k |
| ROYAL BANK OF CANADA 0.45% of their portfolio | 14.4m $2.1bn | Reduced -578.0k |
| UBS Group AG 0.45% of their portfolio | 14.0m $2.0bn | Added +2.4m |
| DEUTSCHE BANK AG\ 0.79% of their portfolio | 13.9m $2.0bn | Reduced -403.2k |
| AMERIPRISE FINANCIAL INC 0.50% of their portfolio | 13.4m $1.9bn | Reduced -836.2k |
| Amundi 0.59% of their portfolio | 11.9m $1.7bn | Added +1.7m |
| GOLDMAN SACHS GROUP INC 0.31% of their portfolio | 11.3m $1.6bn | Reduced -2.1m |
| HSBC HOLDINGS PLC 0.88% of their portfolio | 9.9m $1.4bn | Reduced -43.7k |
| MACKENZIE FINANCIAL CORP 0.61% of their portfolio | 9.3m $1.3bn | Added +6.0m |
| RAYMOND JAMES FINANCIAL INC 0.49% of their portfolio | 9.3m $1.3bn | First filing |
| Nuveen Asset Management, LLC 0.36% of their portfolio | 8.7m $1.3bn | Reduced -454.7k |
| California Public Employees Retirement System 0.84% of their portfolio | 8.7m $1.3bn | Reduced -82.6k |
| ROBERT WOOD JOHNSON FOUNDATION 95.17% of their portfolio | 8.7m $1.3bn | Reduced -1.2m |
| Fisher Asset Management, LLC 0.47% of their portfolio | 8.2m $1.2bn | Added +634.1k |
| JANUS HENDERSON GROUP PLC 0.58% of their portfolio | 7.9m $1.1bn | Added +4.6m |
| AMERICAN CENTURY COMPANIES INC 0.62% of their portfolio | 7.5m $1.1bn | Added +286.2k |
| Ninety One UK Ltd 2.83% of their portfolio | 7.3m $1.1bn | Added +18.0k |
| JOURNEY STRATEGIC WEALTH LLC 38.05% of their portfolio | 7.0m $1.0bn | Added +22.0k |
| Swiss National Bank 0.65% of their portfolio | 6.8m $983.5m | Reduced -343.4k |
| FLOSSBACH VON STORCH SE 3.76% of their portfolio | 6.5m $944.3m | Added +28.8k |
| NORDEA INVESTMENT MANAGEMENT AB 0.97% of their portfolio | 6.4m $926.4m | Added +775.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 2.99% of their portfolio | 6.4m $919.8m | Added +66.2k |
| ALLIANCEBERNSTEIN L.P. 0.31% of their portfolio | 6.3m $914.5m | Added +74.5k |
| PNC Financial Services Group, Inc. 0.59% of their portfolio | 6.1m $880.0m | Reduced -128.8k |
| PINNACLE ASSOCIATES LTD 11.79% of their portfolio | 6.0m $869.3m | Added +4.7m |
| Sumitomo Mitsui Trust Group, Inc. 0.58% of their portfolio | 6.0m $866.5m | Reduced -17.5k |
| Clearbridge Investments, LLC 0.68% of their portfolio | 5.8m $837.0m | Reduced -261.9k |
| NEUBERGER BERMAN GROUP LLC 0.63% of their portfolio | 5.5m $788.2m | Reduced -210.8k |
| Independent Franchise Partners LLP 5.64% of their portfolio | 5.2m $751.2m | Added +978.2k |
| Capital International Investors 0.14% of their portfolio | 5.1m $734.0m | Added +5.1k |
| BANK OF MONTREAL /CAN/ 0.36% of their portfolio | 5.0m $722.6m | Reduced -943.6k |
| BARCLAYS PLC 0.33% of their portfolio | 4.6m $670.7m | Reduced -1.1m |
| STIFEL FINANCIAL CORP 0.69% of their portfolio | 4.6m $664.0m | Reduced -5.5k |
| National Pension Service 0.63% of their portfolio | 4.6m $663.3m | Added +18.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.21% of their portfolio | 4.5m $657.0m | Added +128.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.62% of their portfolio | 4.5m $654.8m | Added +283.5k |
| DekaBank Deutsche Girozentrale 1.18% of their portfolio | 4.4m $636.8m | Unchanged |
| RHUMBLINE ADVISERS 0.55% of their portfolio | 4.2m $609.5m | Reduced -31.0k |
| MARSHALL WACE, LLP 0.74% of their portfolio | 4.1m $586.8m | Reduced -1.2m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.56% of their portfolio | 4.0m $581.9m | Added +339.9k |
| Allianz Asset Management GmbH 0.84% of their portfolio | 4.0m $577.0m | Added +397.5k |
| LPL Financial LLC 0.23% of their portfolio | 4.0m $573.1m | Added +248.6k |
| Qube Research & Technologies Ltd 0.93% of their portfolio | 3.9m $569.5m | Added +2.6m |
| Baird Financial Group, Inc. 1.09% of their portfolio | 3.9m $568.4m | Reduced -173.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.65% of their portfolio | 3.9m $557.0m | Reduced -79.2k |
| HighTower Advisors, LLC 0.74% of their portfolio | 3.8m $542.9m | Added +199.0k |
| AQR CAPITAL MANAGEMENT LLC 0.64% of their portfolio | 3.5m $500.1m | Added +313.7k |
| LSV ASSET MANAGEMENT 1.16% of their portfolio | 3.5m $500.5m | Reduced -6.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.39% of their portfolio | 3.5m $499.3m | Added +1.0m |
| PRINCIPAL FINANCIAL GROUP INC 0.27% of their portfolio | 3.4m $496.3m | Reduced -40.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.63% of their portfolio | 3.3m $473.5m | Added +554 |
| Fiera Capital Corp 1.42% of their portfolio | 3.1m $452.3m | Reduced -100.6k |
| FEDERATED HERMES, INC. 0.98% of their portfolio | 3.1m $449.5m | Added +1.0m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.37% of their portfolio | 3.0m $431.7m | Added +92.9k |
| Caisse de depot et placement du Quebec 0.88% of their portfolio | 2.9m $424.7m | Reduced -352.6k |
| CANADA LIFE ASSURANCE Co 0.70% of their portfolio | 2.8m $407.1m | Reduced -515.8k |
| PRUDENTIAL FINANCIAL INC 0.56% of their portfolio | 2.8m $405.9m | Reduced -153.0k |
| NATIONAL BANK OF CANADA /FI/ 0.51% of their portfolio | 2.7m $395.2m | Added +396.3k |
| US BANCORP \DE\ 0.50% of their portfolio | 2.7m $385.1m | Reduced -29.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.35% of their portfolio | 2.5m $359.2m | Reduced -177.0k |
| Corient Private Wealth LP 0.59% of their portfolio | 2.5m $353.6m | Reduced -340.9k |
| Capital Research Global Investors 0.07% of their portfolio | 2.5m $354.9m | Added +1.3m |
| Russell Investments Group, Ltd. 0.49% of their portfolio | 2.4m $352.3m | Added +158.9k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.69% of their portfolio | 2.4m $349.2m | First filing |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.27% of their portfolio | 2.4m $342.3m | Added +1.2m |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.64% of their portfolio | 2.3m $334.8m | Reduced -37.3k |
| Boston Partners 0.40% of their portfolio | 2.3m $327.3m | Added +433.6k |
| Swedbank AB 0.40% of their portfolio | 2.3m $326.9m | Added +45.4k |
| MACQUARIE GROUP LTD 0.37% of their portfolio | 2.2m $304.3m | Reduced -21.6k |
| Focus Partners Wealth 0.44% of their portfolio | 2.2m $336.3m | Added +1.3m |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.66% of their portfolio | 2.2m $311.7m | Reduced -94.7k |
| COMGEST GLOBAL INVESTORS S.A.S. 4.98% of their portfolio | 2.1m $303.8m | Added +3.7k |
| PineStone Asset Management Inc. 2.66% of their portfolio | 2.0m $283.4m | Added +225.5k |
| FIRST TRUST ADVISORS LP 0.25% of their portfolio | 2.0m $283.4m | Added +115.5k |
| Aberdeen Group plc 0.52% of their portfolio | 1.9m $279.5m | Reduced -115.0k |
| CITADEL ADVISORS LLC 0.25% of their portfolio | 1.9m $269.7m | Added +1.2m |
| Brandywine Global Investment Management, LLC 1.96% of their portfolio | 1.9m $269.2m | Added +187.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.26% of their portfolio | 1.8m $267.2m | Added +282.8k |
| LONDON CO OF VIRGINIA 1.46% of their portfolio | 1.8m $266.5m | Reduced -255.4k |