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 ($1.3bn this quarter). Holder counts are more reliable. Shares outstanding: 2.4bn as of 2025-10-17, 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 ≈ $185.58. Options: 65 managers hold calls ($4.4bn notional), 65 hold puts ($3.4bn).
Trends to Q3 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 |
| Q3 2025 | 4,196 |
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 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 |
| Q3 2025 | 1,945 | 1,916 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $2.6bn | $2.1bn | 0.80 |
| Q1 2025 | $4.7bn | $2.6bn | 0.55 |
| Q2 2025 | $3.2bn | $2.5bn | 0.79 |
| Q3 2025 | $4.4bn | $3.4bn | 0.78 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +61.2m |
| Ninety One UK Ltd | Added | +6.3m |
| GQG Partners LLC | Added | +6.0m |
| BlackRock, Inc. | Added | +3.4m |
| Capital International Investors | Added | +3.3m |
| Amundi | Added | +2.2m |
| MARSHALL WACE, LLP | Added | +2.0m |
| TWO SIGMA ADVISERS, LP | Added | +1.9m |
| JANE STREET GROUP, LLC | Added | +1.6m |
| JANUS HENDERSON GROUP PLC | Added | +1.5m |
Biggest sellers
| ROYAL BANK OF CANADA | Reduced | -14.3m |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -4.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -3.8m |
| BROADWATER CAPITAL MANAGEMENT LLC | Reduced | -3.4m |
| FLOSSBACH VON STORCH SE | Reduced | -3.3m |
| Pacer Advisors, Inc. | Reduced | -2.6m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -2.3m |
| UBS Group AG | Reduced | -2.1m |
| DEUTSCHE BANK AG\ | Reduced | -2.0m |
| Qube Research & Technologies Ltd | Reduced | -1.9m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $840.7m4.5m shares |
| CITADEL ADVISORS LLC | Reduced | $661.5m3.6m shares |
| JANE STREET GROUP, LLC | Added | $591.3m3.2m shares |
| JPMORGAN CHASE & CO | Added | $257.5m1.4m shares |
| IMC-Chicago, LLC | Reduced | $136.3m735.3k shares |
| WOLVERINE TRADING, LLC | Added | $136.0m748.8k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $131.2m707.7k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $117.7m634.8k shares |
| UBS Group AG | Added | $115.0m620.2k shares |
| D. E. Shaw & Co., Inc. | Reduced | $114.6m618.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $792.0m4.3m shares |
| CITADEL ADVISORS LLC | Added | $573.9m3.1m shares |
| CITIGROUP INC | Reduced | $230.1m1.2m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $185.5m1.0m shares |
| IMC-Chicago, LLC | Added | $172.0m927.7k shares |
| UBS Group AG | Added | $143.8m775.6k shares |
| WELLS FARGO & COMPANY/MN | Added | $102.9m554.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $90.8m518.8k shares |
| JANE STREET GROUP, LLC | Reduced | $87.5m471.7k shares |
| Balyasny Asset Management L.P. | Added | $81.4m438.9k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2025 | 0 | — | 4 | $38.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-04 | Taubert Jennifer L EVP, WWC. Innovative Medicine | Sold | $10.0m56.5k shares |
| 2025-08-22 | Duato Joaquin CEO and Chairman of the Board, director | Sold | $22.5m125.8k shares |
| 2025-08-15 | Wolk Joseph J Exec VP, CFO | Sold | $3.0m16.8k shares |
| 2025-07-17 | REED JOHN C EVP, Innovative Medicine, R&D | Sold | $3.1m19.1k 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, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.66% of their portfolio | 236.6m $43.9bn | Reduced -429.3k |
| BlackRock, Inc. 0.68% of their portfolio | 207.3m $38.4bn | Added +3.4m |
| STATE STREET CORP 0.85% of their portfolio | 132.2m $24.5bn | Reduced -591.3k |
| JPMORGAN CHASE & CO 0.69% of their portfolio | 117.3m $21.7bn | Added +61.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.66% of their portfolio | 56.2m $10.4bn | Reduced -4.4m |
| MORGAN STANLEY 0.54% of their portfolio | 48.2m $8.9bn | Added +1.2m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 4.88% of their portfolio | 31.6m $5.9bn | Reduced -84.5k |
| NORTHERN TRUST CORP 0.71% of their portfolio | 30.0m $5.6bn | Reduced -360.5k |
| BANK OF AMERICA CORP /DE/ 0.39% of their portfolio | 28.4m $5.3bn | Added +898.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.84% of their portfolio | 25.8m $4.8bn | Added +956.2k |
| Bank of New York Mellon Corp 0.82% of their portfolio | 24.6m $4.6bn | Added +835.1k |
| Legal & General Group Plc 0.81% of their portfolio | 19.5m $3.6bn | Added +532.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.56% of their portfolio | 19.0m $3.5bn | Added +60.7k |
| WELLS FARGO & COMPANY/MN 0.70% of their portfolio | 18.5m $3.4bn | Added +523.3k |
| DIMENSIONAL FUND ADVISORS LP 0.72% of their portfolio | 18.0m $3.3bn | Reduced -546.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.01% of their portfolio | 17.6m $3.3bn | Reduced -444.3k |
| FRANKLIN RESOURCES INC 0.75% of their portfolio | 16.1m $3.0bn | Reduced -1.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.64% of their portfolio | 15.9m $2.9bn | Reduced -3.8m |
| ROYAL BANK OF CANADA 0.47% of their portfolio | 14.2m $2.6bn | Reduced -14.3m |
| DEUTSCHE BANK AG\ 0.86% of their portfolio | 13.9m $2.6bn | Reduced -2.0m |
| Invesco Ltd. 0.40% of their portfolio | 13.6m $2.5bn | Reduced -402.7k |
| FMR LLC 0.13% of their portfolio | 13.4m $2.5bn | Added +22.0k |
| Amundi 0.81% of their portfolio | 13.4m $2.5bn | Added +2.2m |
| Ninety One UK Ltd 2.68% of their portfolio | 13.3m $2.5bn | Added +6.3m |
| AMERIPRISE FINANCIAL INC 0.56% of their portfolio | 13.2m $2.4bn | Reduced -25.8k |
| GOLDMAN SACHS GROUP INC 0.35% of their portfolio | 13.1m $2.4bn | Added +967.8k |
| UBS Group AG 0.38% of their portfolio | 10.4m $1.9bn | Reduced -2.1m |
| RAYMOND JAMES FINANCIAL INC 0.60% of their portfolio | 10.1m $1.9bn | Added +690.9k |
| Nuveen, LLC 0.49% of their portfolio | 9.9m $1.8bn | Added +938.7k |
| HSBC HOLDINGS PLC 1.02% of their portfolio | 9.3m $1.7bn | Added +286.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.17% of their portfolio | 8.8m $1.6bn | Added +390.6k |
| Fisher Asset Management, LLC 0.57% of their portfolio | 8.4m $1.6bn | Added +173.9k |
| ALLIANCEBERNSTEIN L.P. 0.46% of their portfolio | 7.9m $1.5bn | Added +31.4k |
| California Public Employees Retirement System 0.85% of their portfolio | 7.7m $1.4bn | Added +35.5k |
| JOURNEY STRATEGIC WEALTH LLC 36.70% of their portfolio | 7.0m $1.3bn | Reduced -168.8k |
| JANUS HENDERSON GROUP PLC 0.59% of their portfolio | 7.0m $1.3bn | Added +1.5m |
| Swiss National Bank 0.75% of their portfolio | 6.9m $1.3bn | Reduced -359.1k |
| Grantham, Mayo, Van Otterloo & Co. LLC 3.57% of their portfolio | 6.8m $1.3bn | Added +260.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.66% of their portfolio | 6.2m $1.1bn | Added +21.8k |
| PNC Financial Services Group, Inc. 0.69% of their portfolio | 6.1m $1.1bn | Added +138.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.98% of their portfolio | 6.1m $1.1bn | Reduced -149.4k |
| GQG Partners LLC 1.72% of their portfolio | 6.0m $1.1bn | Added +6.0m |
| BARCLAYS PLC 0.38% of their portfolio | 5.6m $1.0bn | Added +449.4k |
| Allianz Asset Management GmbH 1.25% of their portfolio | 5.5m $1.0bn | Added +151.4k |
| Clearbridge Investments, LLC 0.75% of their portfolio | 5.3m $989.3m | Reduced -50.0k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.89% of their portfolio | 5.3m $983.7m | Reduced -62.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.27% of their portfolio | 5.1m $952.2m | Added +214.8k |
| STIFEL FINANCIAL CORP 0.86% of their portfolio | 5.1m $938.9m | Added +99.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.67% of their portfolio | 5.0m $932.8m | Added +208.8k |
| LPL Financial LLC 0.27% of their portfolio | 5.0m $924.8m | Added +452.5k |
| National Pension Service 0.71% of their portfolio | 4.9m $913.5m | Added +151.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.73% of their portfolio | 4.6m $1.3bn | Added +377.7k |
| Independent Franchise Partners LLP 5.61% of their portfolio | 4.6m $850.9m | Reduced -655.2k |
| AMERICAN CENTURY COMPANIES INC 0.42% of their portfolio | 4.5m $830.9m | Reduced -2.3m |
| Assenagon Asset Management S.A. 1.22% of their portfolio | 4.4m $823.4m | Added +281.3k |
| DekaBank Deutsche Girozentrale 1.34% of their portfolio | 4.4m $798.6m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.51% of their portfolio | 4.3m $793.0m | Reduced -469.0k |
| Baird Financial Group, Inc. 1.28% of their portfolio | 4.3m $793.0m | Added +115.2k |
| BANK OF MONTREAL /CAN/ 0.32% of their portfolio | 4.1m $757.1m | Reduced -109.4k |
| NEUBERGER BERMAN GROUP LLC 0.55% of their portfolio | 4.1m $753.0m | Reduced -32.4k |
| RHUMBLINE ADVISERS 0.60% of their portfolio | 4.0m $748.7m | Reduced -24.3k |
| HighTower Advisors, LLC 0.84% of their portfolio | 4.0m $736.5m | Reduced -5.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.74% of their portfolio | 3.9m $722.5m | Reduced -3.0k |
| Capital International Investors 0.12% of their portfolio | 3.9m $716.7m | Added +3.3m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.56% of their portfolio | 3.7m $681.6m | Added +546.0k |
| MACKENZIE FINANCIAL CORP 0.82% of their portfolio | 3.6m $675.3m | Reduced -8.5k |
| MARSHALL WACE, LLP 0.73% of their portfolio | 3.6m $664.6m | Added +2.0m |
| Caisse de depot et placement du Quebec 1.18% of their portfolio | 3.5m $656.9m | Added +269.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.45% of their portfolio | 3.5m $645.2m | Added +532.8k |
| FEDERATED HERMES, INC. 1.13% of their portfolio | 3.4m $639.0m | Added +679.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.32% of their portfolio | 3.4m $627.1m | Reduced -201.1k |
| CANADA LIFE ASSURANCE Co 0.81% of their portfolio | 3.1m $568.4m | Added +178.1k |
| LSV ASSET MANAGEMENT 1.26% of their portfolio | 3.1m $569.3m | Reduced -81.0k |
| Capital Research Global Investors 0.10% of their portfolio | 3.0m $559.0m | Reduced -372.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.72% of their portfolio | 3.0m $555.9m | Reduced -154.8k |
| FLOSSBACH VON STORCH SE 2.19% of their portfolio | 3.0m $555.4m | Reduced -3.3m |
| Russell Investments Group, Ltd. 0.58% of their portfolio | 2.8m $508.4m | Added +288.1k |
| Bahl & Gaynor LLC 2.46% of their portfolio | 2.7m $494.6m | Added +140.6k |
| Fiera Capital Corp 1.59% of their portfolio | 2.6m $490.5m | Reduced -113.3k |
| Corient Private Wealth LP 0.76% of their portfolio | 2.6m $481.0m | Added +359.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.37% of their portfolio | 2.6m $477.2m | Reduced -685.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.83% of their portfolio | 2.6m $475.3m | Added +946.2k |
| US BANCORP \DE\ 0.56% of their portfolio | 2.5m $469.4m | Reduced -59.8k |
| Aberdeen Group plc 0.72% of their portfolio | 2.5m $456.2m | Reduced -238.6k |
| Ensign Peak Advisors, Inc 0.75% of their portfolio | 2.5m $459.5m | Reduced -57.7k |
| TWO SIGMA ADVISERS, LP 0.87% of their portfolio | 2.3m $435.0m | Added +1.9m |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.72% of their portfolio | 2.3m $430.7m | Reduced -137.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.27% of their portfolio | 2.3m $429.1m | Reduced -144.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.66% of their portfolio | 2.3m $419.7m | Added +927.1k |
| FIRST TRUST ADVISORS LP 0.31% of their portfolio | 2.2m $414.8m | Added +148.2k |
| ACR Alpine Capital Research, LLC 7.07% of their portfolio | 2.2m $413.9m | Added +3.1k |
| PRUDENTIAL FINANCIAL INC 0.49% of their portfolio | 2.2m $412.1m | Added +195.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.71% of their portfolio | 2.2m $404.1m | Reduced -128.5k |
| Swedbank AB 0.41% of their portfolio | 2.2m $403.8m | Added +168.9k |
| PineStone Asset Management Inc. 2.41% of their portfolio | 2.1m $387.6m | Reduced -88.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.29% of their portfolio | 2.0m $375.7m | Added +196.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.73% of their portfolio | 2.0m $375.4m | Reduced -26.4k |
| DANSKE BANK A/S 0.91% of their portfolio | 2.0m $367.5m | Reduced -69.9k |
| Brandywine Global Investment Management, LLC 2.49% of their portfolio | 2.0m $362.4m | Reduced -18.2k |
| TRUIST FINANCIAL CORP 0.49% of their portfolio | 2.0m $362.3m | Added +399.7k |