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 ($991.9m this quarter). Holder counts are more reliable. Shares outstanding: 2.4bn as of 2025-07-18, 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 ≈ $152.48. Options: 59 managers hold calls ($3.2bn notional), 62 hold puts ($2.5bn).
Trends to Q2 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 |
| Q2 2025 | 4,094 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2025 | 1,758 | 2,068 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $3.2bn | $2.6bn | 0.81 |
| Q4 2024 | $2.6bn | $2.1bn | 0.80 |
| Q1 2025 | $4.7bn | $2.6bn | 0.55 |
| Q2 2025 | $3.2bn | $2.5bn | 0.79 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +13.5m |
| BlackRock, Inc. | Added | +4.5m |
| BROADWATER CAPITAL MANAGEMENT LLC | Added | +3.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +3.3m |
| VANGUARD GROUP INC | Added | +3.1m |
| Assenagon Asset Management S.A. | Added | +2.6m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +2.2m |
| JPMORGAN CHASE & CO | Added | +2.0m |
| Bridgewater Associates, LP | Added | +2.0m |
| DIMENSIONAL FUND ADVISORS LP | Added | +1.7m |
Biggest sellers
| Invesco Ltd. | Reduced | -4.5m |
| Capital International Investors | Reduced | -3.1m |
| PINNACLE ASSOCIATES LTD | Reduced | -2.2m |
| ROBERT WOOD JOHNSON FOUNDATION | Reduced | -2.2m |
| JANUS HENDERSON GROUP PLC | Reduced | -2.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.7m |
| California Public Employees Retirement System | Reduced | -1.1m |
| STATE STREET CORP | Reduced | -992.5k |
| MANNING & NAPIER ADVISORS LLC | Reduced | -904.4k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | Sold out | -904.1k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $572.3m3.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $500.7m3.3m shares |
| JANE STREET GROUP, LLC | Added | $307.3m2.0m shares |
| ROYAL BANK OF CANADA | Added | $155.8m1.0m shares |
| Squarepoint Ops LLC | Added | $151.1m989.5k shares |
| D. E. Shaw & Co., Inc. | Added | $142.5m933.2k shares |
| IMC-Chicago, LLC | Reduced | $120.5m789.1k shares |
| JPMORGAN CHASE & CO | Added | $91.8m601.3k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $89.9m588.5k shares |
| Twin Tree Management, LP | Reduced | $87.5m572.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $489.6m3.2m shares |
| CITADEL ADVISORS LLC | Reduced | $318.0m2.1m shares |
| CITIGROUP INC | Added | $201.3m1.3m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $141.4m925.4k shares |
| Qube Research & Technologies Ltd | Added | $134.3m879.1k shares |
| IMC-Chicago, LLC | Added | $118.7m777.3k shares |
| JANE STREET GROUP, LLC | Added | $106.9m700.0k shares |
| UBS Group AG | Reduced | $102.5m670.7k shares |
| SIMPLEX TRADING, LLC | Added | $87.5m572.7k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $71.8m470.2k 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 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.59% of their portfolio | 237.0m $36.2bn | Added +3.1m |
| BlackRock, Inc. 0.60% of their portfolio | 203.8m $31.1bn | Added +4.5m |
| STATE STREET CORP 0.76% of their portfolio | 132.8m $20.3bn | Reduced -992.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.65% of their portfolio | 60.6m $9.2bn | Added +1.2m |
| JPMORGAN CHASE & CO 0.59% of their portfolio | 56.1m $8.6bn | Added +2.0m |
| MORGAN STANLEY 0.47% of their portfolio | 47.0m $7.2bn | Added +954.2k |
| NORGES BANK 0.61% of their portfolio | 31.9m $4.9bn | Added +1.1m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 4.28% of their portfolio | 31.7m $4.8bn | Unchanged |
| NORTHERN TRUST CORP 0.64% of their portfolio | 30.3m $4.6bn | Reduced -610.8k |
| ROYAL BANK OF CANADA 0.42% of their portfolio | 28.5m $4.4bn | Added +13.5m |
| BANK OF AMERICA CORP /DE/ 0.34% of their portfolio | 27.5m $4.2bn | Added +10.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.69% of their portfolio | 24.9m $3.8bn | Added +2.2m |
| Bank of New York Mellon Corp 0.69% of their portfolio | 23.8m $3.6bn | Added +620.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.61% of their portfolio | 19.7m $3.0bn | Added +3.3m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.50% of their portfolio | 19.0m $2.9bn | Added +67.5k |
| Legal & General Group Plc 0.72% of their portfolio | 18.9m $2.9bn | Added +1.1m |
| DIMENSIONAL FUND ADVISORS LP 0.66% of their portfolio | 18.6m $2.8bn | Added +1.7m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.87% of their portfolio | 18.0m $2.8bn | Reduced -276.8k |
| WELLS FARGO & COMPANY/MN 0.60% of their portfolio | 17.9m $2.7bn | Reduced -121.0k |
| FRANKLIN RESOURCES INC 0.71% of their portfolio | 17.5m $2.7bn | Reduced -297.2k |
| DEUTSCHE BANK AG\ 0.89% of their portfolio | 15.8m $2.4bn | Added +547.8k |
| Invesco Ltd. 0.36% of their portfolio | 14.0m $2.1bn | Reduced -4.5m |
| FMR LLC 0.12% of their portfolio | 13.4m $2.1bn | Reduced -367.1k |
| AMERIPRISE FINANCIAL INC 0.50% of their portfolio | 13.2m $2.0bn | Reduced -82.5k |
| UBS Group AG 0.40% of their portfolio | 12.5m $1.9bn | Added +631.1k |
| GOLDMAN SACHS GROUP INC 0.30% of their portfolio | 12.1m $1.9bn | Added +480.7k |
| Amundi 0.60% of their portfolio | 11.2m $1.7bn | Reduced -408.7k |
| RAYMOND JAMES FINANCIAL INC 0.50% of their portfolio | 9.4m $1.4bn | Reduced -21.4k |
| HSBC HOLDINGS PLC 0.89% of their portfolio | 9.1m $1.4bn | Reduced -310.2k |
| Nuveen, LLC 0.38% of their portfolio | 9.0m $1.4bn | Added +730.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.14% of their portfolio | 8.4m $1.3bn | Reduced -1.7m |
| Fisher Asset Management, LLC 0.50% of their portfolio | 8.3m $1.3bn | Reduced -436.3k |
| ALLIANCEBERNSTEIN L.P. 0.39% of their portfolio | 7.9m $1.2bn | Added +115.0k |
| California Public Employees Retirement System 0.74% of their portfolio | 7.6m $1.2bn | Reduced -1.1m |
| Swiss National Bank 0.67% of their portfolio | 7.3m $1.1bn | Added +504.1k |
| JOURNEY STRATEGIC WEALTH LLC 35.62% of their portfolio | 7.2m $1.1bn | Added +11.7k |
| Ninety One UK Ltd 2.51% of their portfolio | 7.0m $1.1bn | Added +93.1k |
| AMERICAN CENTURY COMPANIES INC 0.56% of their portfolio | 6.7m $1.0bn | Added +117.9k |
| Grantham, Mayo, Van Otterloo & Co. LLC 3.03% of their portfolio | 6.6m $1.0bn | Reduced -258.4k |
| FLOSSBACH VON STORCH SE 3.96% of their portfolio | 6.3m $968.9m | Reduced -146.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.88% of their portfolio | 6.3m $951.1m | Reduced -180.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.59% of their portfolio | 6.2m $940.6m | Added +113.4k |
| PNC Financial Services Group, Inc. 0.59% of their portfolio | 6.0m $916.0m | Reduced -55.4k |
| JANUS HENDERSON GROUP PLC 0.41% of their portfolio | 5.5m $838.9m | Reduced -2.0m |
| Clearbridge Investments, LLC 0.67% of their portfolio | 5.4m $822.7m | Reduced -491.9k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.85% of their portfolio | 5.4m $820.0m | Added +131.3k |
| Allianz Asset Management GmbH 1.08% of their portfolio | 5.3m $810.9m | Added +925.0k |
| Independent Franchise Partners LLP 5.33% of their portfolio | 5.2m $801.0m | Reduced -58.4k |
| BARCLAYS PLC 0.31% of their portfolio | 5.2m $793.1m | Reduced -215.9k |
| STIFEL FINANCIAL CORP 0.74% of their portfolio | 5.0m $758.3m | Reduced -42.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.22% of their portfolio | 4.9m $751.6m | Added +209.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.59% of their portfolio | 4.8m $736.7m | Added +310.2k |
| AQR CAPITAL MANAGEMENT LLC 0.60% of their portfolio | 4.8m $728.7m | Reduced -470.2k |
| National Pension Service 0.63% of their portfolio | 4.8m $729.4m | Reduced -82.4k |
| LPL Financial LLC 0.23% of their portfolio | 4.5m $692.8m | Added +236.3k |
| DekaBank Deutsche Girozentrale 1.20% of their portfolio | 4.4m $675.1m | Reduced -71.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.42% of their portfolio | 4.2m $646.0m | Added +1.3m |
| BANK OF MONTREAL /CAN/ 0.32% of their portfolio | 4.2m $640.4m | Reduced -453.2k |
| Baird Financial Group, Inc. 1.11% of their portfolio | 4.2m $635.7m | Added +67.2k |
| Assenagon Asset Management S.A. 1.01% of their portfolio | 4.2m $635.3m | Added +2.6m |
| NEUBERGER BERMAN GROUP LLC 0.48% of their portfolio | 4.1m $625.5m | Reduced -635.2k |
| RHUMBLINE ADVISERS 0.53% of their portfolio | 4.1m $620.5m | Reduced -95.6k |
| HighTower Advisors, LLC 0.76% of their portfolio | 4.0m $607.6m | Reduced -5.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.66% of their portfolio | 3.9m $595.7m | Added +65.3k |
| MACKENZIE FINANCIAL CORP 0.72% of their portfolio | 3.7m $557.6m | Added +266.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.29% of their portfolio | 3.6m $547.3m | Added +189.6k |
| Capital Research Global Investors 0.10% of their portfolio | 3.4m $517.4m | Added +930.0k |
| BROADWATER CAPITAL MANAGEMENT LLC 2.63% of their portfolio | 3.4m $3.4m | Added +3.4m |
| Caisse de depot et placement du Quebec 1.07% of their portfolio | 3.3m $499.9m | Reduced -328.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.39% of their portfolio | 3.3m $497.9m | Added +586.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.64% of their portfolio | 3.2m $481.6m | Reduced -39.4k |
| LSV ASSET MANAGEMENT 1.13% of their portfolio | 3.2m $481.4m | Reduced -113.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.43% of their portfolio | 3.1m $478.1m | Reduced -257.4k |
| Pacer Advisors, Inc. 1.21% of their portfolio | 3.1m $477.7m | Added +97.2k |
| CANADA LIFE ASSURANCE Co 0.72% of their portfolio | 3.0m $451.1m | Added +54.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.38% of their portfolio | 2.9m $450.1m | Added +167.8k |
| D. E. Shaw & Co., Inc. 0.43% of their portfolio | 2.8m $434.7m | Added +1.7m |
| FEDERATED HERMES, INC. 0.80% of their portfolio | 2.8m $422.5m | Reduced -145.1k |
| Fiera Capital Corp 1.43% of their portfolio | 2.8m $421.4m | Reduced -154.7k |
| Aberdeen Group plc 0.70% of their portfolio | 2.7m $414.2m | Added +20.4k |
| US BANCORP \DE\ 0.50% of their portfolio | 2.6m $395.8m | Reduced -12.4k |
| NATIONAL BANK OF CANADA /FI/ 0.42% of their portfolio | 2.6m $390.8m | Added +697.2k |
| Ensign Peak Advisors, Inc 0.66% of their portfolio | 2.5m $387.4m | Added +59.6k |
| Bahl & Gaynor LLC 1.95% of their portfolio | 2.5m $386.0m | Added +338.8k |
| CITIGROUP INC 0.27% of their portfolio | 2.5m $384.5m | Reduced -92.9k |
| Russell Investments Group, Ltd. 0.48% of their portfolio | 2.5m $376.2m | Reduced -140.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.67% of their portfolio | 2.5m $375.8m | Added +88.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.27% of their portfolio | 2.5m $375.6m | Reduced -842.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.63% of their portfolio | 2.3m $352.6m | Reduced -17.3k |
| Qube Research & Technologies Ltd 0.49% of their portfolio | 2.3m $352.0m | Reduced -440.9k |
| Bridgewater Associates, LP 1.41% of their portfolio | 2.3m $348.7m | Added +2.0m |
| Corient Private Wealth LP 0.46% of their portfolio | 2.2m $341.8m | Added +822 |
| ACR Alpine Capital Research, LLC 6.10% of their portfolio | 2.2m $340.5m | Added +2.4k |
| PineStone Asset Management Inc. 2.15% of their portfolio | 2.2m $332.8m | Added +114.3k |
| FIRST TRUST ADVISORS LP 0.26% of their portfolio | 2.1m $319.1m | Reduced -244.0k |
| COMGEST GLOBAL INVESTORS S.A.S. 5.39% of their portfolio | 2.1m $316.1m | Reduced -89.1k |
| DANSKE BANK A/S 0.78% of their portfolio | 2.1m $313.4m | Added +159.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.66% of their portfolio | 2.1m $313.3m | Reduced -20.7k |
| PRUDENTIAL FINANCIAL INC 0.40% of their portfolio | 2.0m $309.7m | Added +47.5k |
| Swedbank AB 0.34% of their portfolio | 2.0m $306.8m | First filing |