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 ($1.6bn this quarter). Holder counts are more reliable. Shares outstanding: 2.4bn as of 2026-02-06, 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 ≈ $206.76. Options: 61 managers hold calls ($4.1bn notional), 58 hold puts ($4.2bn).
Trends to Q4 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 |
| Q4 2025 | 4,541 |
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 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 |
| Q4 2025 | 1,834 | 2,039 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $4.7bn | $2.6bn | 0.55 |
| Q2 2025 | $3.2bn | $2.5bn | 0.79 |
| Q3 2025 | $4.4bn | $3.4bn | 0.78 |
| Q4 2025 | $4.1bn | $4.2bn | 1.04 |
Biggest buyers
| Capital World Investors | New | +9.7m |
| HSBC HOLDINGS PLC | Added | +9.1m |
| FMR LLC | Added | +5.3m |
| VANGUARD GROUP INC | Added | +3.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +3.7m |
| Capital International Investors | Added | +3.6m |
| GOLDMAN SACHS GROUP INC | Added | +3.2m |
| Corient Private Wealth LP | Added | +3.0m |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Added | +1.8m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.7m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -58.7m |
| Ninety One UK Ltd | Reduced | -6.5m |
| FRANKLIN RESOURCES INC | Reduced | -5.3m |
| Assenagon Asset Management S.A. | Reduced | -3.1m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -2.6m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -2.5m |
| TWO SIGMA ADVISERS, LP | Reduced | -2.0m |
| Amundi | Reduced | -1.9m |
| MORGAN STANLEY | Reduced | -1.9m |
| FLOSSBACH VON STORCH SE | Reduced | -1.6m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $830.0m4.0m shares |
| CITADEL ADVISORS LLC | Reduced | $635.9m3.1m shares |
| JANE STREET GROUP, LLC | Reduced | $496.1m2.4m shares |
| D. E. Shaw & Co., Inc. | Added | $165.5m799.6k shares |
| IMC-Chicago, LLC | Added | $161.8m781.7k shares |
| PEAK6 LLC | Added | $155.8m752.8k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $147.4m712.4k shares |
| SIMPLEX TRADING, LLC | Added | $139.5m673.9k shares |
| UBS Group AG | Reduced | $122.9m594.1k shares |
| ROYAL BANK OF CANADA | Reduced | $107.6m520.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $933.8m4.5m shares |
| CITADEL ADVISORS LLC | Reduced | $531.8m2.6m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $322.4m1.6m shares |
| CITIGROUP INC | Added | $297.4m1.4m shares |
| IMC-Chicago, LLC | Added | $231.2m1.1m shares |
| Point72 Asset Management, L.P. | Added | $185.8m897.6k shares |
| Qube Research & Technologies Ltd | Added | $144.9m700.2k shares |
| UBS Group AG | Reduced | $138.9m671.3k shares |
| JANE STREET GROUP, LLC | Added | $119.9m579.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $105.3m508.8k 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 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q4 2025 | 1 | $257.7k | 1 | $4.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-11-26 | MORIKIS JOHN G Director | Bought | $257.7k1.2k shares |
| 2025-10-17 | REED JOHN C EVP, Innovative Medicine, R&D | Sold | $4.2m21.7k 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.72% of their portfolio | 240.3m $49.7bn | Added +3.7m |
| BlackRock, Inc. 0.73% of their portfolio | 208.8m $43.2bn | Added +1.5m |
| STATE STREET CORP 0.93% of their portfolio | 133.9m $27.7bn | Added +1.7m |
| JPMORGAN CHASE & CO 0.82% of their portfolio | 58.6m $12.1bn | Reduced -58.7m |
| GEODE CAPITAL MANAGEMENT, LLC 0.74% of their portfolio | 58.0m $12.0bn | Added +1.7m |
| MORGAN STANLEY 0.57% of their portfolio | 46.3m $9.6bn | Reduced -1.9m |
| NORGES BANK 0.74% of their portfolio | 33.5m $6.9bn | Not comparable |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 5.13% of their portfolio | 31.6m $6.5bn | Unchanged |
| NORTHERN TRUST CORP 0.77% of their portfolio | 29.3m $6.1bn | Reduced -691.1k |
| BANK OF AMERICA CORP /DE/ 0.43% of their portfolio | 28.3m $5.9bn | Reduced -86.2k |
| Bank of New York Mellon Corp 0.89% of their portfolio | 24.4m $5.0bn | Reduced -243.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.84% of their portfolio | 23.2m $4.8bn | Reduced -2.6m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.61% of their portfolio | 19.0m $3.9bn | Added +22.2k |
| FMR LLC 0.20% of their portfolio | 18.8m $3.9bn | Added +5.3m |
| Legal & General Group Plc 0.86% of their portfolio | 18.7m $3.9bn | Reduced -705.5k |
| HSBC HOLDINGS PLC 1.09% of their portfolio | 18.5m $3.8bn | Added +9.1m |
| WELLS FARGO & COMPANY/MN 0.72% of their portfolio | 17.8m $3.7bn | Reduced -607.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.76% of their portfolio | 17.3m $3.6bn | Added +1.4m |
| DIMENSIONAL FUND ADVISORS LP 0.75% of their portfolio | 17.3m $3.6bn | Reduced -780.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.09% of their portfolio | 16.4m $3.4bn | Reduced -1.2m |
| GOLDMAN SACHS GROUP INC 0.48% of their portfolio | 16.3m $3.4bn | Added +3.2m |
| ROYAL BANK OF CANADA 0.52% of their portfolio | 14.3m $3.0bn | Added +92.6k |
| DEUTSCHE BANK AG\ 0.91% of their portfolio | 13.5m $2.8bn | Reduced -394.5k |
| AMERIPRISE FINANCIAL INC 0.63% of their portfolio | 13.4m $2.8bn | Added +272.1k |
| Invesco Ltd. 0.25% of their portfolio | 12.7m $2.6bn | Reduced -888.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.28% of their portfolio | 12.4m $2.6bn | Added +3.7m |
| Amundi 0.64% of their portfolio | 11.4m $2.4bn | Reduced -1.9m |
| FRANKLIN RESOURCES INC 0.55% of their portfolio | 10.8m $2.2bn | Reduced -5.3m |
| Nuveen, LLC 0.57% of their portfolio | 10.6m $2.2bn | Added +684.0k |
| RAYMOND JAMES FINANCIAL INC 0.67% of their portfolio | 10.4m $2.1bn | Added +221.3k |
| UBS Group AG 0.41% of their portfolio | 10.0m $2.1bn | Reduced -416.0k |
| Capital World Investors 0.27% of their portfolio | 9.7m $2.0bn | New |
| Fisher Asset Management, LLC 0.63% of their portfolio | 8.9m $1.8bn | Added +419.8k |
| GQG Partners LLC 2.64% of their portfolio | 7.8m $1.6bn | Added +1.7m |
| JANUS HENDERSON GROUP PLC 0.72% of their portfolio | 7.7m $1.6bn | Added +724.5k |
| ALLIANCEBERNSTEIN L.P. 0.50% of their portfolio | 7.7m $1.6bn | Reduced -237.2k |
| Capital International Investors 0.24% of their portfolio | 7.5m $1.5bn | Added +3.6m |
| California Public Employees Retirement System 0.88% of their portfolio | 7.4m $1.5bn | Reduced -240.2k |
| Grantham, Mayo, Van Otterloo & Co. LLC 3.75% of their portfolio | 7.1m $1.5bn | Added +273.9k |
| JOURNEY STRATEGIC WEALTH LLC 38.36% of their portfolio | 7.1m $1.5bn | Added +35.4k |
| Ninety One UK Ltd 3.02% of their portfolio | 6.8m $1.4bn | Reduced -6.5m |
| Swiss National Bank 0.81% of their portfolio | 6.6m $1.4bn | Reduced -336.1k |
| Allianz Asset Management GmbH 1.43% of their portfolio | 6.0m $1.2bn | Added +559.4k |
| PNC Financial Services Group, Inc. 0.68% of their portfolio | 6.0m $1.2bn | Reduced -150.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.72% of their portfolio | 5.9m $1.2bn | Reduced -233.2k |
| Clearbridge Investments, LLC 0.93% of their portfolio | 5.6m $1.2bn | Added +273.3k |
| Corient Private Wealth LP 0.75% of their portfolio | 5.6m $1.1bn | Added +3.0m |
| NORDEA INVESTMENT MANAGEMENT AB 0.97% of their portfolio | 5.5m $1.1bn | Reduced -649.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.74% of their portfolio | 5.3m $1.1bn | Added +248.0k |
| BANK OF MONTREAL /CAN/ 0.44% of their portfolio | 5.2m $1.1bn | Added +1.1m |
| LPL Financial LLC 0.29% of their portfolio | 5.0m $1.0bn | Added +54.3k |
| National Pension Service 0.76% of their portfolio | 5.0m $1.0bn | Added +64.0k |
| STIFEL FINANCIAL CORP 0.91% of their portfolio | 4.9m $1.0bn | Reduced -159.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.28% of their portfolio | 4.6m $943.5m | Reduced -576.2k |
| BARCLAYS PLC 0.37% of their portfolio | 4.5m $922.0m | Reduced -1.2m |
| MACKENZIE FINANCIAL CORP 1.09% of their portfolio | 4.4m $918.5m | Added +806.1k |
| DekaBank Deutsche Girozentrale 1.23% of their portfolio | 4.4m $709.3m | Unchanged |
| Baird Financial Group, Inc. 1.41% of their portfolio | 4.4m $904.4m | Added +93.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.49% of their portfolio | 4.2m $870.1m | Reduced -390.3k |
| RHUMBLINE ADVISERS 0.66% of their portfolio | 4.0m $822.4m | Reduced -64.1k |
| HighTower Advisors, LLC 0.89% of their portfolio | 3.9m $817.2m | Reduced -23.4k |
| AQR CAPITAL MANAGEMENT LLC 0.42% of their portfolio | 3.9m $802.2m | Reduced -450.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.79% of their portfolio | 3.8m $792.5m | Reduced -67.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.64% of their portfolio | 3.8m $779.1m | Added +88.4k |
| MARSHALL WACE, LLP 0.73% of their portfolio | 3.7m $759.1m | Added +84.1k |
| Independent Franchise Partners LLP 4.81% of their portfolio | 3.7m $756.7m | Reduced -932.6k |
| NEUBERGER BERMAN GROUP LLC 0.56% of their portfolio | 3.6m $752.2m | Reduced -427.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.49% of their portfolio | 3.6m $735.6m | Added +75.0k |
| AMERICAN CENTURY COMPANIES INC 0.36% of their portfolio | 3.5m $723.3m | Reduced -986.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.36% of their portfolio | 3.4m $705.7m | Added +28.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.82% of their portfolio | 3.0m $613.4m | Reduced -33.9k |
| Capital Research Global Investors 0.11% of their portfolio | 2.9m $593.9m | Reduced -144.9k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.52% of their portfolio | 2.8m $587.5m | Reduced -2.5m |
| Caisse de depot et placement du Quebec 0.97% of their portfolio | 2.8m $573.4m | Reduced -772.0k |
| Bahl & Gaynor LLC 2.87% of their portfolio | 2.7m $566.6m | Added +70.4k |
| Russell Investments Group, Ltd. 0.61% of their portfolio | 2.7m $557.2m | Reduced -58.9k |
| CANADA LIFE ASSURANCE Co 0.95% of their portfolio | 2.6m $548.5m | Reduced -479.9k |
| Aberdeen Group plc 0.81% of their portfolio | 2.5m $525.3m | Added +48.0k |
| 1832 Asset Management L.P. 0.66% of their portfolio | 2.5m $523.4m | Added +1.5m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.30% of their portfolio | 2.5m $519.2m | Added +194.5k |
| US BANCORP \DE\ 0.60% of their portfolio | 2.5m $515.2m | Reduced -42.1k |
| Fiera Capital Corp 1.61% of their portfolio | 2.5m $508.7m | Reduced -187.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.38% of their portfolio | 2.4m $506.5m | Added +421.3k |
| FEDERATED HERMES, INC. 0.84% of their portfolio | 2.4m $501.3m | Reduced -1.0m |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.57% of their portfolio | 2.4m $493.7m | Added +1.8m |
| KBC Group NV 1.08% of their portfolio | 2.3m $475.3m | Added +410.7k |
| Swedbank AB 0.46% of their portfolio | 2.3m $475.0m | Added +117.6k |
| PRUDENTIAL FINANCIAL INC 0.57% of their portfolio | 2.3m $469.5m | Added +46.2k |
| ACR Alpine Capital Research, LLC 7.22% of their portfolio | 2.2m $463.0m | Added +5.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.69% of their portfolio | 2.2m $457.5m | Reduced -52.7k |
| CITIGROUP INC 0.31% of their portfolio | 2.2m $455.8m | Added +610.8k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.73% of their portfolio | 2.2m $450.4m | Reduced -125.6k |
| ACADIAN ASSET MANAGEMENT LLC 0.73% of their portfolio | 2.2m $446.4m | Reduced -406.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.78% of their portfolio | 2.1m $441.3m | Reduced -47.3k |
| Ensign Peak Advisors, Inc 0.78% of their portfolio | 2.1m $440.0m | Reduced -352.3k |
| DANSKE BANK A/S 1.02% of their portfolio | 2.1m $439.4m | Added +141.5k |
| FIRST TRUST ADVISORS LP 0.31% of their portfolio | 2.1m $429.5m | Reduced -161.8k |
| AVIVA PLC 0.72% of their portfolio | 2.1m $429.2m | Added +162.6k |
| PineStone Asset Management Inc. 2.66% of their portfolio | 2.1m $427.9m | Reduced -22.7k |
| TRUIST FINANCIAL CORP 0.56% of their portfolio | 2.0m $420.1m | Added +76.3k |