Vault-13

LAM RESEARCH CORP

COM · CUSIP 512807108 · ISIN US5128071082

1,433 institutional holders +71 vs Q1 2023
113,403,995113.4m shares reported held*
$72.7bnreported value*
146 new 470 added 534 reduced 84 sold out net sold ≈ $3.6bn (-8.5m shares)

* 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 ($318.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $641.16. Options: 52 managers hold calls ($2.2bn notional), 53 hold puts ($3.2bn).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,272Q4 22: 1,345Q1 23: 1,362Q2 23: 1,4331,433Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 20221,272
Q4 20221,345
Q1 20231,362
Q2 20231,433

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1k01kQ4 22: 579 bought or addedQ4 22: 621 cut or sold outQ4 22Q1 23: 625 bought or addedQ1 23: 614 cut or sold outQ1 23Q2 23: 616 bought or addedQ2 23: 618 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022579621
Q1 2023625614
Q2 2023616618

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1bn$2bn$3bn$4bnQ3 22 calls: $1.2bnQ3 22 puts: $1.5bnQ3 22P/C 1.25Q4 22 calls: $2.1bnQ4 22 puts: $2.4bnQ4 22P/C 1.17Q1 23 calls: $1.8bnQ1 23 puts: $2.4bnQ1 23P/C 1.31Q2 23 calls: $2.2bnQ2 23 puts: $3.2bnQ2 23P/C 1.44
Numbers
QuarterCallsPutsP/C
Q3 2022$1.2bn$1.5bn1.25
Q4 2022$2.1bn$2.4bn1.17
Q1 2023$1.8bn$2.4bn1.31
Q2 2023$2.2bn$3.2bn1.44

Biggest buyers

GQG Partners LLC Added +628,472+628.5k
BARCLAYS PLC Added +503,953+504.0k
BlackRock Inc. Added +389,374+389.4k
GEODE CAPITAL MANAGEMENT, LLC Added +340,460+340.5k
Holocene Advisors, LP Added +241,480+241.5k
TIGER GLOBAL MANAGEMENT LLC Added +241,300+241.3k
Corient Private Wealth LP Added +218,606+218.6k
JPMORGAN CHASE & CO Added +213,648+213.6k
EP Wealth Advisors, LLC Added +208,820+208.8k
Clearbridge Investments, LLC New +207,747+207.7k

Biggest sellers

FMR LLC Reduced -5,090,325-5.1m
ENVESTNET ASSET MANAGEMENT INC Reduced -3,134,939-3.1m
Sanders Capital, LLC Sold out -673,145-673.1k
BANK OF AMERICA CORP /DE/ Reduced -435,145-435.1k
AMERIPRISE FINANCIAL INC Reduced -371,399-371.4k
Artisan Partners Limited Partnership Reduced -350,736-350.7k
WCM INVESTMENT MANAGEMENT, LLC Reduced -260,299-260.3k
GOLDMAN SACHS GROUP INC Reduced -242,595-242.6k
VOYA INVESTMENT MANAGEMENT LLC Reduced -226,031-226.0k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -205,468-205.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $534.0m830.7k shares
CITADEL ADVISORS LLC Reduced $280.9m437.0k shares
JANE STREET GROUP, LLC Added $151.8m236.1k shares
Optiver Holding B.V. Added $146.7m228.2k shares
IMC-Chicago, LLC Added $145.3m226.0k shares
GOLDMAN SACHS GROUP INC Added $120.2m187.0k shares
WOLVERINE TRADING, LLC Added $90.9m141.9k shares
CTC LLC Added $77.4m1.2k shares
D. E. Shaw & Co., Inc. Added $71.7m111.6k shares
SIMPLEX TRADING, LLC Reduced $67.7m105.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $536.8m835.0k shares
Cresset Asset Management, LLC New $450.0m700.0k shares
CITADEL ADVISORS LLC Reduced $303.4m472.0k shares
Eisler Capital (UK) Ltd. Added $204.8m318.5k shares
IMC-Chicago, LLC Added $199.9m311.0k shares
Twin Tree Management, LP Added $193.2m300.5k shares
Hudson Bay Capital Management LP New $109.3m170.0k shares
Walleye Capital LLC Added $103.6m161.2k shares
Optiver Holding B.V. Reduced $97.1m151.1k shares
WOLVERINE TRADING, LLC Reduced $96.8m151.1k 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.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.18% of their portfolio Valley Forge, PA 11,730,88311.7m $7.5bn $7.5bn 0.18% Reduced -39.9k -39,891
2 BlackRock Inc. 0.20% of their portfolio New York, NY 11,179,47411.2m $7.2bn $7.2bn 0.20% Added +389.4k +389,374
3 STATE STREET CORP 0.19% of their portfolio BOSTON, MA 5,679,9835.7m $3.7bn $3.7bn 0.19% Reduced -17.2k -17,217
4 AMERIPRISE FINANCIAL INC 1.06% of their portfolio MINNEAPOLIS, MN 5,243,8545.2m $3.4bn $3.4bn 1.06% Reduced -371.4k -371,399
5 FMR LLC 0.23% of their portfolio BOSTON, MA 4,272,9994.3m $2.7bn $2.7bn 0.23% Reduced -5.1m -5,090,325
6 JPMORGAN CHASE & CO 0.27% of their portfolio NEW YORK, NY 3,732,8363.7m $2.4bn $2.4bn 0.27% Added +213.6k +213,648
7 PRICE T ROWE ASSOCIATES INC /MD/ 0.33% of their portfolio BALTIMORE, MD 3,712,6033.7m $2.4bn $2.4bn 0.33% Reduced -205.5k -205,468
8 GEODE CAPITAL MANAGEMENT, LLC 0.22% of their portfolio BOSTON, MA 2,883,2652.9m $1.8bn $1.8bn 0.22% Added +340.5k +340,460
9 Fisher Asset Management, LLC 1.00% of their portfolio PLANO, TX 2,812,2752.8m $1.8bn $1.8bn 1.00% Added +111.6k +111,553
10 JANUS HENDERSON GROUP PLC 1.01% of their portfolio LONDON, X0 2,537,3962.5m $1.6bn $1.6bn 1.01% Reduced -65.4k -65,405
11 GQG Partners LLC 3.48% of their portfolio FT. LAUDERDALE, FL 2,351,3472.4m $1.5bn $1.5bn 3.48% Added +628.5k +628,472
12 SANDS CAPITAL MANAGEMENT, LLC 4.20% of their portfolio ARLINGTON, VA 2,105,0462.1m $1.4bn $1.4bn 4.20% Reduced -124.0k -123,992
13 MORGAN STANLEY 0.11% of their portfolio NEW YORK, NY 1,801,0941.8m $1.2bn $1.2bn 0.11% Added +99.9k +99,871
14 Invesco Ltd. 0.27% of their portfolio ATLANTA, GA 1,609,4671.6m $1.0bn $1.0bn 0.27% Reduced -78.4k -78,405
15 NORGES BANK 0.20% of their portfolio OSLO, Q8 1,608,2931.6m $1.0bn $1.0bn 0.20% Reduced -2.4k -2,371
16 Bank of New York Mellon Corp 0.20% of their portfolio NEW YORK, NY 1,482,5521.5m $953.1m $953.1m 0.20% Added +116.8k +116,844
17 Amundi 0.48% of their portfolio Paris, I0 1,471,0501.5m $955.4m $955.4m 0.48% Added +191.1k +191,074
18 NORTHERN TRUST CORP 0.17% of their portfolio CHICAGO, IL 1,388,6571.4m $892.7m $892.7m 0.17% Reduced -108.2k -108,199
19 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.26% of their portfolio Boston, MA 1,237,8221.2m $795.7m $795.7m 0.26% Added +72.0k +71,984
20 Nuveen Asset Management, LLC 0.26% of their portfolio CHICAGO, IL 1,169,5761.2m $751.9m $751.9m 0.26% Added +41.7k +41,654
21 Legal & General Group Plc 0.21% of their portfolio London, X0 1,014,0021.0m $651.9m $651.9m 0.21% Added +17.4k +17,373
22 BANK OF AMERICA CORP /DE/ 0.07% of their portfolio CHARLOTTE, NC 975,543975.5k $627.1m $627.1m 0.07% Reduced -435.1k -435,145
23 VAN ECK ASSOCIATES CORP 1.35% of their portfolio NEW YORK, NY 958,960959.0k $616.5m $616.5m 1.35% Reduced -199.2k -199,207
24 Winslow Capital Management, LLC 2.71% of their portfolio MINNEAPOLIS, MN 937,985938.0k $603.0m $603.0m 2.71% Added +93.1k +93,069
25 FRANKLIN RESOURCES INC 0.28% of their portfolio San Mateo, CA 927,115927.1k $596.0m $596.0m 0.28% Added +3.8k +3,772
26 COATUE MANAGEMENT LLC 2.52% of their portfolio New York, NY 799,269799.3k $513.8m $513.8m 2.52% Reduced -28.3k -28,278
27 BARCLAYS PLC 0.33% of their portfolio LONDON, X0 792,998793.0k $509.8m $509.8m 0.33% Added +504.0k +503,953
28 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.20% of their portfolio NEW YORK, NY 789,939789.9k $418.8m $418.8m 0.20% Unchanged
29 Grantham, Mayo, Van Otterloo & Co. LLC 2.32% of their portfolio Boston, MA 781,149781.1k $502.2m $502.2m 2.32% Reduced -8.9k -8,862
30 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.14% of their portfolio SAN FRANCISCO, CA 762,411762.4k $490.1m $490.1m 0.14% Added +4.8k +4,841
31 GOLDMAN SACHS GROUP INC 0.12% of their portfolio NEW YORK, NY 758,025758.0k $487.3m $487.3m 0.12% Reduced -242.6k -242,595
32 WELLS FARGO & COMPANY/MN 0.13% of their portfolio SAN FRANCISCO, CA 718,319718.3k $461.8m $461.8m 0.13% Reduced -21.3k -21,283
33 LORD, ABBETT & CO. LLC 0.78% of their portfolio JERSEY CITY, NJ 705,234705.2k $453.4m $453.4m 0.78% Added +36.4k +36,378
34 DIMENSIONAL FUND ADVISORS LP 0.14% of their portfolio AUSTIN, TX 693,997694.0k $446.2m $446.2m 0.14% Reduced -21.7k -21,724
35 WCM INVESTMENT MANAGEMENT, LLC 1.14% of their portfolio LAGUNA BEACH, CA 587,846587.8k $380.7m $380.7m 1.14% Reduced -260.3k -260,299
36 Artisan Partners Limited Partnership 0.59% of their portfolio Milwaukee, WI 574,046574.0k $369.0m $369.0m 0.59% Reduced -350.7k -350,736
37 VOYA INVESTMENT MANAGEMENT LLC 0.38% of their portfolio ATLANTA, GA 570,534570.5k $366.8m $366.8m 0.38% Reduced -226.0k -226,031
38 FIRST TRUST ADVISORS LP 0.41% of their portfolio Wheaton, IL 559,094559.1k $359.4m $359.4m 0.41% Added +8.2k +8,249
39 UBS Group AG 0.15% of their portfolio ZURICH, V8 534,796534.8k $343.8m $343.8m 0.15% Added +15.8k +15,835
40 Aspex Management (HK) Ltd 9.55% of their portfolio CENTRAL, K3 510,935510.9k $328.5m $328.5m 9.55% Added +140.9k +140,935
41 Swiss National Bank 0.21% of their portfolio ZURICH, V8 487,400487.4k $313.3m $313.3m 0.21% Reduced -54.0k -54,000
42 PICTET ASSET MANAGEMENT SA 0.35% of their portfolio GENEVA 73, V8 465,580465.6k $299.3m $299.3m 0.35% Reduced -60.2k -60,219
43 Holocene Advisors, LP 1.25% of their portfolio New York, NY 445,535445.5k $286.4m $286.4m 1.25% Added +241.5k +241,480
44 DEUTSCHE BANK AG\ 0.15% of their portfolio FRANKFURT AM MAIN, 2M 434,503434.5k $279.3m $279.3m 0.15% Reduced -86.5k -86,490
45 NORDEA INVESTMENT MANAGEMENT AB 0.36% of their portfolio STOCKHOLM, V7 411,970412.0k $266.1m $266.1m 0.36% Added +1.5k +1,475
46 Boston Partners 0.35% of their portfolio BOSTON, MA 401,141401.1k $258.6m $258.6m 0.35% Reduced -11.3k -11,310
47 ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio Berwyn, PA 372,662372.7k $239.6m $239.6m 0.11% Reduced -3.1m -3,134,939
48 Rafferty Asset Management, LLC 1.31% of their portfolio New York, NY 362,593362.6k $233.1m $233.1m 1.31% Added +13.0k +13,013
49 ALLIANCEBERNSTEIN L.P. 0.09% of their portfolio NASHVILLE, TN 361,068361.1k $232.1m $232.1m 0.09% Added +9.2k +9,206
50 Sumitomo Mitsui Trust Group, Inc. 0.17% of their portfolio CHIYODA-KU, TOKYO, M0 349,270349.3k $224.5m $224.5m 0.17% Reduced -69.0k -69,032
51 TIGER GLOBAL MANAGEMENT LLC 1.83% of their portfolio New York, NY 341,528341.5k $219.6m $219.6m 1.83% Added +241.3k +241,300
52 PNC Financial Services Group, Inc. 0.18% of their portfolio Pittsburgh, PA 328,281328.3k $211.0m $211.0m 0.18% Reduced -5.7k -5,712
53 CITIGROUP INC 0.26% of their portfolio NEW YORK, NY 318,230318.2k $204.6m $204.6m 0.26% Added +19.5k +19,474
54 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 313,453313.5k $201.5m $201.5m 0.06% Added +12.2k +12,230
55 MACKENZIE FINANCIAL CORP 0.31% of their portfolio TORONTO ONTARIO, A6 310,671310.7k $202.2m $202.2m 0.31% Added +110.4k +110,419
56 HSBC HOLDINGS PLC 0.21% of their portfolio LONDON, X0 310,517310.5k $199.8m $199.8m 0.21% Added +27.6k +27,613
57 ALKEON CAPITAL MANAGEMENT LLC 1.13% of their portfolio New York, NY 293,370293.4k $188.6m $188.6m 1.13% Reduced -124.2k -124,171
58 RHUMBLINE ADVISERS 0.20% of their portfolio BOSTON, MA 274,351274.4k $176.4m $176.4m 0.20% Added +1.7k +1,704
59 OAKTOP CAPITAL MANAGEMENT II, L.P. 26.29% of their portfolio Chatham, NJ 269,146269.1k $173.0m $173.0m 26.29% Unchanged
60 California Public Employees Retirement System 0.15% of their portfolio Sacramento, CA 263,387263.4k $169.3m $169.3m 0.15% Reduced -12.7k -12,677
61 CINCINNATI INSURANCE CO 3.05% of their portfolio FAIRFIELD, OH 249,211249.2k $160.2m $160.2m 3.05% Unchanged
62 National Pension Service 0.26% of their portfolio JEONJU-SI, JEOLLABUK-DO, M5 248,565248.6k $159.2m $159.2m 0.26% Added +16.8k +16,828
63 PRUDENTIAL FINANCIAL INC 0.23% of their portfolio NEWARK, NJ 248,075248.1k $159.5m $159.5m 0.23% Added +2.7k +2,700
64 Corient Private Wealth LP 0.36% of their portfolio MIAMI, FL 244,846244.8k $157.4m $157.4m 0.36% Added +218.6k +218,606
65 NEW YORK STATE COMMON RETIREMENT FUND 0.20% of their portfolio ALBANY, NY 238,789238.8k $153.5m $153.5m 0.20% Reduced -2.2k -2,227
66 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.33% of their portfolio Boston, MA 236,583236.6k $152.1m $152.1m 0.33% Reduced -1.0k -1,010
67 SCGE MANAGEMENT, L.P. 3.56% of their portfolio MENLO PARK, CA 235,000235.0k $151.1m $151.1m 3.56% Unchanged
68 PRINCIPAL FINANCIAL GROUP INC 0.10% of their portfolio DES MOINES, IA 234,397234.4k $150.7m $150.7m 0.10% Reduced -10.7k -10,739
69 BNP PARIBAS FINANCIAL MARKETS 0.29% of their portfolio PARIS, I0 230,193230.2k $148.0m $148.0m 0.29% Added +52.4k +52,430
70 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.46% of their portfolio CHICAGO, IL 223,590223.6k $143.7m $143.7m 0.46% Added +106.7k +106,684
71 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.20% of their portfolio WEST SACRAMENTO, CA 222,328222.3k $142.9m $142.9m 0.20% Reduced -7.2k -7,249
72 CREDIT SUISSE AG/ 0.14% of their portfolio ZURICH, V8 221,198221.2k $142.2m $142.2m 0.14% Reduced -41.6k -41,608
73 NEUBERGER BERMAN GROUP LLC 0.13% of their portfolio NEW YORK, NY 219,826219.8k $140.9m $140.9m 0.13% Added +112.0k +111,986
74 TD Asset Management Inc 0.16% of their portfolio Toronto, A6 218,775218.8k $140.6m $140.6m 0.16% Reduced -16.5k -16,488
75 Allianz Asset Management GmbH 0.28% of their portfolio MUNICH, 2M 217,029217.0k $139.5m $139.5m 0.28% Reduced -18.8k -18,758
76 SEI INVESTMENTS CO 0.24% of their portfolio OAKS, PA 213,641213.6k $137.3m $137.3m 0.24% Added +21.3k +21,345
77 EP Wealth Advisors, LLC 0.03% of their portfolio TORRANCE, CA 210,837210.8k $2.1m $2.1m 0.03% Added +208.8k +208,820
78 TORONTO DOMINION BANK 0.10% of their portfolio TORONTO, ONTARIO, A6 210,032210.0k $134.9m $134.9m 0.10% Added +105.1k +105,070
79 Mirae Asset Global Investments Co., Ltd. 0.29% of their portfolio SEOUL, M5 209,755209.8k $134.8m $134.8m 0.29% Reduced -17.9k -17,879
80 Clearbridge Investments, LLC 0.12% of their portfolio NEW YORK, NY 207,747207.7k $133.6m $133.6m 0.12% New
81 Swedbank AB 0.23% of their portfolio STOCKHOLM, V7 198,389198.4k $127.5m $127.5m 0.23% Added +2.9k +2,924
82 BESSEMER GROUP INC 0.27% of their portfolio WOODBRIDGE, NJ 195,690195.7k $125.8m $125.8m 0.27% Reduced -7.0k -7,043
83 NOMURA ASSET MANAGEMENT CO LTD 0.57% of their portfolio TOKYO, M0 193,155193.2k $124.2m $124.2m 0.57% Added +13.5k +13,545
84 JENNISON ASSOCIATES LLC 0.09% of their portfolio NEW YORK, NY 174,342174.3k $112.1m $112.1m 0.09% Reduced -80.6k -80,635
85 Hudson Bay Capital Management LP 1.10% of their portfolio STAMFORD, CT 170,000170.0k $109.3m $109.3m 1.10% New
86 Mitsubishi UFJ Asset Management Co., Ltd. 0.23% of their portfolio TOKYO, M0 168,346168.3k $108.2m $108.2m 0.23% Added +3.1k +3,077
87 VICTORY CAPITAL MANAGEMENT INC 0.12% of their portfolio San Antonio, TX 168,255168.3k $108.2m $108.2m 0.12% Reduced -34.4k -34,417
88 Mitsubishi UFJ Trust & Banking Corp 0.24% of their portfolio TOKYO, M0 162,589162.6k $104.5m $104.5m 0.24% Added +3.5k +3,515
89 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 161,048161.0k $104.0m $104.0m 0.04% Added +7.5k +7,540
90 AGF MANAGEMENT LTD 0.75% of their portfolio TORONTO, A6 160,222160.2k $103.0m $103.0m 0.75% Reduced -14.7k -14,717
91 CANADA LIFE ASSURANCE Co 0.24% of their portfolio WINNIPEG, A2 158,648158.6k $102.5m $102.5m 0.24% Reduced -5.7k -5,660
92 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.31% of their portfolio Paris, I0 153,299153.3k $98.5m $98.5m 0.31% Added +112.3k +112,281
93 ProShare Advisors LLC 0.28% of their portfolio BETHESDA, MD 149,455149.5k $96.1m $96.1m 0.28% Reduced -3.8k -3,818
94 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.21% of their portfolio TALLAHASSEE, FL 146,510146.5k $94.2m $94.2m 0.21% Reduced -4.3k -4,349
95 CANADA PENSION PLAN INVESTMENT BOARD 0.14% of their portfolio TORONTO ONTARIO, A6 145,831145.8k $93.7m $93.7m 0.14% Added +13.3k +13,267
96 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.21% of their portfolio ALBANY, NY 144,804144.8k $93.1m $93.1m 0.21% Reduced -6.4k -6,423
97 PARNASSUS INVESTMENTS, LLC 0.22% of their portfolio San Francisco, CA 144,076144.1k $92.6m $92.6m 0.22% Reduced -44.0k -44,034
98 Caisse de depot et placement du Quebec 0.24% of their portfolio Montreal, A8 142,838142.8k $91.8m $91.8m 0.24% Reduced -10.6k -10,563
99 Assenagon Asset Management S.A. 0.36% of their portfolio SENNINGERBERG, N4 142,395142.4k $91.5m $91.5m 0.36% Added +56.1k +56,079
100 MACQUARIE GROUP LTD 0.10% of their portfolio Sydney, NSW 2000, C3 142,325142.3k $91.5m $91.5m 0.10% Added +113.4k +113,415