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 ($1.0bn this quarter). Holder counts are more reliable. Shares outstanding: 2.4bn as of 2025-04-18, 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 ≈ $165.68. Options: 72 managers hold calls ($4.7bn notional), 69 hold puts ($2.6bn).
Trends to Q1 2025
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 |
| Q1 2025 | 4,159 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2025 | 1,912 | 1,989 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $2.1bn | $1.8bn | 0.85 |
| Q3 2024 | $3.2bn | $2.6bn | 0.81 |
| Q4 2024 | $2.6bn | $2.1bn | 0.80 |
| Q1 2025 | $4.7bn | $2.6bn | 0.55 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +15.3m |
| BANK OF AMERICA CORP /DE/ | Added | +5.0m |
| Bank of New York Mellon Corp | Added | +4.8m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +4.4m |
| Pacer Advisors, Inc. | Added | +2.8m |
| DIMENSIONAL FUND ADVISORS LP | Added | +2.1m |
| MORGAN STANLEY | Added | +2.1m |
| AQR CAPITAL MANAGEMENT LLC | Added | +1.8m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.7m |
| ALLIANCEBERNSTEIN L.P. | Added | +1.5m |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -6.2m |
| ROBERT WOOD JOHNSON FOUNDATION | Reduced | -6.2m |
| MACKENZIE FINANCIAL CORP | Reduced | -5.9m |
| MARSHALL WACE, LLP | Reduced | -3.1m |
| FMR LLC | Reduced | -2.3m |
| UBS Group AG | Reduced | -2.1m |
| BlackRock, Inc. | Reduced | -2.0m |
| PINNACLE ASSOCIATES LTD | Reduced | -1.8m |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -1.7m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -1.7m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $878.0m5.3m shares |
| CITADEL ADVISORS LLC | Added | $829.4m5.0m shares |
| JANE STREET GROUP, LLC | Added | $301.3m1.8m shares |
| BARCLAYS PLC | Added | $187.6m1.1m shares |
| IMC-Chicago, LLC | Added | $151.7m914.8k shares |
| SIMPLEX TRADING, LLC | Added | $146.6m883.8k shares |
| D. E. Shaw & Co., Inc. | Added | $141.9m855.6k shares |
| Walleye Trading LLC | Added | $139.2m839.1k shares |
| Twin Tree Management, LP | Added | $135.7m818.0k shares |
| ROYAL BANK OF CANADA | Added | $127.7m770.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $563.1m3.4m shares |
| CITADEL ADVISORS LLC | Added | $432.4m2.6m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $189.6m1.1m shares |
| UBS Group AG | Reduced | $136.0m820.0k shares |
| CITIGROUP INC | Reduced | $96.2m580.2k shares |
| IMC-Chicago, LLC | Added | $95.9m578.1k shares |
| Qube Research & Technologies Ltd | Reduced | $90.1m543.4k shares |
| BANK OF AMERICA CORP /DE/ | Added | $86.4m520.7k shares |
| SIMPLEX TRADING, LLC | Added | $73.3m527.3k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $56.9m343.1k 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 Q1 2025
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 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 | — | — |
| Q1 2025 | 0 | — | 3 | $3.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-02-25 | Decker Robert J VP Corporate Controller | Sold | $1.2m7.0k shares |
| 2025-02-18 | Schmid Timothy EVP, WW Chair, MedTech | Sold | $62.9k403 shares |
| 2025-02-07 | Wolk Joseph J Exec VP, CFO | Sold | $2.0m13.0k 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, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.70% of their portfolio | 234.0m $38.8bn | Added +1.2m |
| BlackRock, Inc. 0.70% of their portfolio | 199.4m $33.1bn | Reduced -2.0m |
| STATE STREET CORP 0.91% of their portfolio | 133.8m $22.2bn | Reduced -666.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.77% of their portfolio | 59.4m $9.8bn | Added +1.7m |
| JPMORGAN CHASE & CO 0.68% of their portfolio | 54.1m $9.0bn | Added +15.3m |
| MORGAN STANLEY 0.55% of their portfolio | 46.0m $7.6bn | Added +2.1m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 4.82% of their portfolio | 31.7m $5.3bn | Unchanged |
| NORTHERN TRUST CORP 0.76% of their portfolio | 30.9m $5.1bn | Added +130.6k |
| NORGES BANK 0.72% of their portfolio | 30.8m $5.1bn | Added +455.6k |
| BANK OF AMERICA CORP /DE/ 0.41% of their portfolio | 27.5m $4.6bn | Added +5.0m |
| Bank of New York Mellon Corp 0.76% of their portfolio | 23.2m $3.8bn | Added +4.8m |
| WELLINGTON MANAGEMENT GROUP LLP 0.72% of their portfolio | 22.6m $3.8bn | Reduced -1.7m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.59% of their portfolio | 18.9m $3.1bn | Added +696.7k |
| Invesco Ltd. 0.58% of their portfolio | 18.5m $3.1bn | Reduced -651.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.01% of their portfolio | 18.3m $3.0bn | Added +448.7k |
| WELLS FARGO & COMPANY/MN 0.72% of their portfolio | 18.1m $3.0bn | Added +299.5k |
| Legal & General Group Plc 0.80% of their portfolio | 17.8m $3.0bn | Reduced -690.0k |
| FRANKLIN RESOURCES INC 0.85% of their portfolio | 17.8m $2.9bn | Added +321.3k |
| DIMENSIONAL FUND ADVISORS LP 0.70% of their portfolio | 16.9m $2.8bn | Added +2.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.69% of their portfolio | 16.4m $2.7bn | Added +911.5k |
| DEUTSCHE BANK AG\ 1.01% of their portfolio | 15.3m $2.5bn | Added +1.4m |
| ROYAL BANK OF CANADA 0.55% of their portfolio | 14.9m $2.5bn | Added +555.1k |
| FMR LLC 0.15% of their portfolio | 13.8m $2.3bn | Reduced -2.3m |
| AMERIPRISE FINANCIAL INC 0.59% of their portfolio | 13.3m $2.2bn | Reduced -155.3k |
| UBS Group AG 0.44% of their portfolio | 11.9m $2.0bn | Reduced -2.1m |
| GOLDMAN SACHS GROUP INC 0.37% of their portfolio | 11.7m $1.9bn | Added +401.5k |
| Amundi 0.68% of their portfolio | 11.6m $1.9bn | Reduced -330.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.21% of their portfolio | 10.1m $1.7bn | Reduced -6.2m |
| RAYMOND JAMES FINANCIAL INC 0.59% of their portfolio | 9.5m $1.6bn | Added +203.3k |
| HSBC HOLDINGS PLC 1.04% of their portfolio | 9.4m $1.6bn | Reduced -510.4k |
| California Public Employees Retirement System 1.01% of their portfolio | 8.7m $1.4bn | Added +28.5k |
| Fisher Asset Management, LLC 0.63% of their portfolio | 8.7m $1.4bn | Added +514.5k |
| Nuveen, LLC 0.42% of their portfolio | 8.3m $1.4bn | First filing |
| ALLIANCEBERNSTEIN L.P. 0.47% of their portfolio | 7.8m $1.3bn | Added +1.5m |
| JANUS HENDERSON GROUP PLC 0.67% of their portfolio | 7.5m $1.2bn | Reduced -489.8k |
| JOURNEY STRATEGIC WEALTH LLC 41.51% of their portfolio | 7.2m $1.2bn | Added +135.8k |
| Ninety One UK Ltd 3.19% of their portfolio | 6.9m $1.1bn | Reduced -389.7k |
| Grantham, Mayo, Van Otterloo & Co. LLC 3.56% of their portfolio | 6.8m $1.1bn | Added +452.5k |
| Swiss National Bank 0.80% of their portfolio | 6.8m $1.1bn | Reduced -9.6k |
| AMERICAN CENTURY COMPANIES INC 0.67% of their portfolio | 6.6m $1.1bn | Reduced -894.4k |
| FLOSSBACH VON STORCH SE 4.66% of their portfolio | 6.5m $1.1bn | Reduced -40.3k |
| NORDEA INVESTMENT MANAGEMENT AB 1.13% of their portfolio | 6.4m $1.1bn | Added +14.7k |
| PNC Financial Services Group, Inc. 0.53% of their portfolio | 6.1m $1.0bn | Reduced -32.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.71% of their portfolio | 6.0m $1.0bn | Added +53.0k |
| Clearbridge Investments, LLC 0.85% of their portfolio | 5.9m $974.7m | Added +90.1k |
| BARCLAYS PLC 0.41% of their portfolio | 5.4m $896.9m | Added +770.8k |
| Independent Franchise Partners LLP 6.27% of their portfolio | 5.3m $879.4m | Added +108.1k |
| AQR CAPITAL MANAGEMENT LLC 0.90% of their portfolio | 5.3m $873.3m | Added +1.8m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 1.01% of their portfolio | 5.2m $868.5m | Added +4.4m |
| STIFEL FINANCIAL CORP 0.88% of their portfolio | 5.0m $830.3m | Added +415.1k |
| National Pension Service 0.77% of their portfolio | 4.9m $805.5m | Added +270.7k |
| NEUBERGER BERMAN GROUP LLC 0.66% of their portfolio | 4.7m $784.1m | Reduced -720.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.25% of their portfolio | 4.7m $781.3m | Added +168.5k |
| BANK OF MONTREAL /CAN/ 0.41% of their portfolio | 4.6m $770.4m | Reduced -351.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.69% of their portfolio | 4.5m $747.9m | Added +476.2k |
| DekaBank Deutsche Girozentrale 1.43% of their portfolio | 4.5m $731.5m | Added +71.8k |
| Allianz Asset Management GmbH 1.07% of their portfolio | 4.4m $727.0m | Added +394.0k |
| LPL Financial LLC 0.28% of their portfolio | 4.3m $712.9m | Added +336.1k |
| PINNACLE ASSOCIATES LTD 10.18% of their portfolio | 4.2m $694.4m | Reduced -1.8m |
| RHUMBLINE ADVISERS 0.65% of their portfolio | 4.2m $689.6m | Reduced -56.5k |
| Baird Financial Group, Inc. 1.31% of their portfolio | 4.1m $679.0m | Added +164.1k |
| HighTower Advisors, LLC 0.90% of their portfolio | 4.0m $660.5m | Added +228.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.79% of their portfolio | 3.8m $635.9m | Reduced -16.8k |
| Capital International Investors 0.12% of their portfolio | 3.7m $613.6m | Reduced -1.4m |
| Caisse de depot et placement du Quebec 1.25% of their portfolio | 3.6m $597.2m | Added +664.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.32% of their portfolio | 3.4m $562.8m | Reduced -38.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.53% of their portfolio | 3.4m $561.8m | Added +402.7k |
| MACKENZIE FINANCIAL CORP 0.80% of their portfolio | 3.4m $561.2m | Reduced -5.9m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.44% of their portfolio | 3.3m $547.5m | Added +934.7k |
| LSV ASSET MANAGEMENT 1.30% of their portfolio | 3.3m $541.4m | Reduced -195.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.78% of their portfolio | 3.2m $529.4m | Reduced -81.8k |
| Pacer Advisors, Inc. 1.19% of their portfolio | 3.0m $502.5m | Added +2.8m |
| Fiera Capital Corp 1.75% of their portfolio | 2.9m $483.2m | Reduced -214.3k |
| FEDERATED HERMES, INC. 1.04% of their portfolio | 2.9m $482.8m | Reduced -197.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.49% of their portfolio | 2.9m $480.4m | Added +413.0k |
| CANADA LIFE ASSURANCE Co 0.85% of their portfolio | 2.9m $481.3m | Added +79.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.45% of their portfolio | 2.8m $460.9m | Reduced -1.7m |
| Qube Research & Technologies Ltd 0.71% of their portfolio | 2.7m $455.3m | Reduced -1.2m |
| Aberdeen Group plc 0.88% of their portfolio | 2.7m $449.4m | Added +760.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.34% of their portfolio | 2.7m $443.2m | First filing |
| CITIGROUP INC 0.33% of their portfolio | 2.6m $432.8m | Added +953.4k |
| Russell Investments Group, Ltd. 0.59% of their portfolio | 2.6m $431.1m | Added +165.5k |
| US BANCORP \DE\ 0.58% of their portfolio | 2.6m $431.8m | Reduced -58.8k |
| ROBERT WOOD JOHNSON FOUNDATION 87.12% of their portfolio | 2.5m $418.4m | Reduced -6.2m |
| Ensign Peak Advisors, Inc 0.79% of their portfolio | 2.5m $410.7m | Added +708.4k |
| Capital Research Global Investors 0.09% of their portfolio | 2.5m $407.5m | Added +3.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.79% of their portfolio | 2.4m $393.4m | Reduced -42.6k |
| FIRST TRUST ADVISORS LP 0.34% of their portfolio | 2.3m $386.9m | Added +373.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.77% of their portfolio | 2.3m $385.6m | Added +10.4k |
| Corient Private Wealth LP 0.61% of their portfolio | 2.2m $371.0m | Reduced -218.1k |
| ACR Alpine Capital Research, LLC 7.73% of their portfolio | 2.2m $369.3m | Added +386.3k |
| Bahl & Gaynor LLC 1.85% of their portfolio | 2.2m $362.9m | Added +859.7k |
| COMGEST GLOBAL INVESTORS S.A.S. 6.39% of their portfolio | 2.2m $358.0m | Added +57.9k |
| Brandywine Global Investment Management, LLC 2.53% of their portfolio | 2.1m $351.3m | Added +257.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.79% of their portfolio | 2.1m $343.5m | Reduced -83.9k |
| PineStone Asset Management Inc. 2.58% of their portfolio | 2.1m $342.4m | Added +104.8k |
| MACQUARIE GROUP LTD 0.41% of their portfolio | 2.0m $333.8m | Reduced -184.4k |
| PRUDENTIAL FINANCIAL INC 0.47% of their portfolio | 2.0m $328.3m | Reduced -826.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.32% of their portfolio | 1.9m $315.0m | Added +52.0k |
| DANSKE BANK A/S 0.96% of their portfolio | 1.9m $313.8m | Added +270.3k |