Vault-13

LAM RESEARCH CORP

COM · CUSIP 512807108 · ISIN US5128071082

1,788 institutional holders +60 vs Q1 2024
113,230,312113.2m shares reported held*
$120.5bnreported value*
159 new 662 added 656 reduced 94 sold out net sold ≈ $4.9bn (-4.6m 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 ($912.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1064.09. Options: 61 managers hold calls ($2.4bn notional), 54 hold puts ($3.2bn).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,272Q4 22: 1,345Q1 23: 1,362Q2 23: 1,433Q3 23: 1,450Q4 23: 1,630Q1 24: 1,728Q2 24: 1,7881,788Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 20221,272
Q4 20221,345
Q1 20231,362
Q2 20231,433
Q3 20231,450
Q4 20231,630
Q1 20241,728
Q2 20241,788

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 outQ2 23: 616 bought or addedQ2 23: 618 cut or sold outQ2 23Q3 23: 624 bought or addedQ3 23: 641 cut or sold outQ4 23: 687 bought or addedQ4 23: 670 cut or sold outQ4 23Q1 24: 752 bought or addedQ1 24: 805 cut or sold outQ2 24: 821 bought or addedQ2 24: 750 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022579621
Q1 2023625614
Q2 2023616618
Q3 2023624641
Q4 2023687670
Q1 2024752805
Q2 2024821750

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bn$4bnQ3 23 calls: $1.9bnQ3 23 puts: $3.0bnQ3 23P/C 1.59Q4 23 calls: $2.5bnQ4 23 puts: $3.7bnQ4 23P/C 1.47Q1 24 calls: $2.8bnQ1 24 puts: $3.3bnQ1 24P/C 1.18Q2 24 calls: $2.4bnQ2 24 puts: $3.2bnQ2 24P/C 1.32
Numbers
QuarterCallsPutsP/C
Q3 2023$1.9bn$3.0bn1.59
Q4 2023$2.5bn$3.7bn1.47
Q1 2024$2.8bn$3.3bn1.18
Q2 2024$2.4bn$3.2bn1.32

Biggest buyers

BlackRock Inc. Added +757,216+757.2k
FMR LLC Added +424,812+424.8k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +355,302+355.3k
Qube Research & Technologies Ltd Added +303,894+303.9k
TWO SIGMA INVESTMENTS, LP Added +200,797+200.8k
VANGUARD GROUP INC Added +193,828+193.8k
SCHRODER INVESTMENT MANAGEMENT GROUP Added +161,224+161.2k
ROYAL BANK OF CANADA Added +158,886+158.9k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Added +154,004+154.0k
Amundi Added +143,705+143.7k

Biggest sellers

MORGAN STANLEY Reduced -3,679,492-3.7m
GQG Partners LLC Reduced -2,155,850-2.2m
WCM INVESTMENT MANAGEMENT, LLC Sold out -484,865-484.9k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -475,942-475.9k
T. Rowe Price Investment Management, Inc. Reduced -474,447-474.4k
AMERIPRISE FINANCIAL INC Reduced -420,723-420.7k
SANDS CAPITAL MANAGEMENT, LLC Reduced -264,902-264.9k
Nuveen Asset Management, LLC Reduced -221,774-221.8k
Bank of New York Mellon Corp Reduced -140,805-140.8k
LORD, ABBETT & CO. LLC Reduced -137,254-137.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $636.7m597.9k shares
CITADEL ADVISORS LLC Reduced $420.2m394.6k shares
PEAK6 Investments LLC Added $239.3m224.7k shares
IMC-Chicago, LLC Reduced $196.5m184.5k shares
WOLVERINE TRADING, LLC Reduced $101.3m95.1k shares
JANE STREET GROUP, LLC Reduced $79.4m74.6k shares
BANK OF AMERICA CORP /DE/ Reduced $76.3m71.7k shares
MILLENNIUM MANAGEMENT LLC Reduced $60.8m57.1k shares
Optiver Holding B.V. Reduced $60.6m56.9k shares
SIMPLEX TRADING, LLC Reduced $60.5m56.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $746.5m701.0k shares
CITADEL ADVISORS LLC Added $591.6m555.6k shares
IMC-Chicago, LLC Added $362.8m340.7k shares
JANE STREET GROUP, LLC Added $172.8m162.3k shares
WOLVERINE TRADING, LLC Reduced $108.0m101.4k shares
Qube Research & Technologies Ltd Added $105.6m99.2k shares
SIMPLEX TRADING, LLC Added $101.6m95.4k shares
BANK OF AMERICA CORP /DE/ Reduced $78.4m73.6k shares
GOLDMAN SACHS GROUP INC Added $75.1m70.5k shares
PEAK6 Investments LLC Added $71.7m67.3k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.31% of their portfolio New York, NY 12,929,76012.9m $13.8bn $13.8bn 0.31% Added +757.2k +757,216
2 VANGUARD GROUP INC 0.25% of their portfolio Valley Forge, PA 12,050,48912.1m $12.8bn $12.8bn 0.25% Added +193.8k +193,828
3 JPMORGAN CHASE & CO 0.40% of their portfolio NEW YORK, NY 8,733,3008.7m $9.3bn $9.3bn 0.40% Reduced -80.0k -80,036
4 STATE STREET CORP 0.27% of their portfolio BOSTON, MA 5,792,5905.8m $6.2bn $6.2bn 0.27% Reduced -19.7k -19,735
5 FMR LLC 0.28% of their portfolio BOSTON, MA 4,107,6954.1m $4.4bn $4.4bn 0.28% Added +424.8k +424,812
6 AMERIPRISE FINANCIAL INC 0.89% of their portfolio MINNEAPOLIS, MN 3,096,6043.1m $3.3bn $3.3bn 0.89% Reduced -420.7k -420,723
7 GEODE CAPITAL MANAGEMENT, LLC 0.29% of their portfolio BOSTON, MA 3,056,4583.1m $3.2bn $3.2bn 0.29% Added +69.8k +69,754
8 PRICE T ROWE ASSOCIATES INC /MD/ 0.32% of their portfolio BALTIMORE, MD 2,483,2092.5m $2.6bn $2.6bn 0.32% Reduced -475.9k -475,942
9 MORGAN STANLEY 0.17% of their portfolio NEW YORK, NY 2,055,5602.1m $2.2bn $2.2bn 0.17% Reduced -3.7m -3,679,492
10 Invesco Ltd. 0.42% of their portfolio ATLANTA, GA 1,867,8031.9m $2.0bn $2.0bn 0.42% Added +60.1k +60,144
11 Fisher Asset Management, LLC 0.86% of their portfolio PLANO, TX 1,860,3801.9m $2.0bn $2.0bn 0.86% Reduced -5.5k -5,461
12 JANUS HENDERSON GROUP PLC 1.04% of their portfolio LONDON, X0 1,827,7841.8m $1.9bn $1.9bn 1.04% Reduced -121.5k -121,535
13 NORGES BANK 0.29% of their portfolio OSLO, Q8 1,813,3351.8m $1.9bn $1.9bn 0.29% Added +133.8k +133,773
14 NORTHERN TRUST CORP 0.25% of their portfolio CHICAGO, IL 1,414,6801.4m $1.5bn $1.5bn 0.25% Added +2.1k +2,118
15 BANK OF AMERICA CORP /DE/ 0.13% of their portfolio CHARLOTTE, NC 1,296,6431.3m $1.4bn $1.4bn 0.13% Added +134.3k +134,280
16 Nuveen Asset Management, LLC 0.40% of their portfolio CHICAGO, IL 1,287,5661.3m $1.4bn $1.4bn 0.40% Reduced -221.8k -221,774
17 Amundi 0.52% of their portfolio Paris, I0 1,266,2111.3m $1.4bn $1.4bn 0.52% Added +143.7k +143,705
18 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.41% of their portfolio Boston, MA 1,254,1881.3m $1.3bn $1.3bn 0.41% Added +89.5k +89,470
19 Bank of New York Mellon Corp 0.25% of their portfolio NEW YORK, NY 1,229,0351.2m $1.3bn $1.3bn 0.25% Reduced -140.8k -140,805
20 SANDS CAPITAL MANAGEMENT, LLC 3.60% of their portfolio ARLINGTON, VA 1,149,7101.1m $1.2bn $1.2bn 3.60% Reduced -264.9k -264,902
21 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.34% of their portfolio NEW YORK, NY 1,110,5361.1m $1.2bn $1.2bn 0.34% Added +154.0k +154,004
22 GOLDMAN SACHS GROUP INC 0.23% of their portfolio NEW YORK, NY 1,092,5221.1m $1.2bn $1.2bn 0.23% Reduced -92.7k -92,707
23 VAN ECK ASSOCIATES CORP 1.63% of their portfolio NEW YORK, NY 1,075,8931.1m $1.1bn $1.1bn 1.63% Added +107.8k +107,778
24 FRANKLIN RESOURCES INC 0.34% of their portfolio San Mateo, CA 1,046,4291.0m $1.1bn $1.1bn 0.34% Added +15.0k +14,953
25 Legal & General Group Plc 0.29% of their portfolio London, X0 978,462978.5k $1.0bn $1.0bn 0.29% Reduced -38.9k -38,921
26 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.16% of their portfolio SAN FRANCISCO, CA 811,731811.7k $864.4m $864.4m 0.16% Added +22.1k +22,075
27 BARCLAYS PLC 0.39% of their portfolio LONDON, X0 791,019791.0k $842.3m $842.3m 0.39% Reduced -34.4k -34,411
28 Grantham, Mayo, Van Otterloo & Co. LLC 2.76% of their portfolio Boston, MA 767,618767.6k $817.4m $817.4m 2.76% Added +26.8k +26,800
29 WELLS FARGO & COMPANY/MN 0.18% of their portfolio SAN FRANCISCO, CA 656,735656.7k $699.3m $699.3m 0.18% Added +5.1k +5,069
30 DIMENSIONAL FUND ADVISORS LP 0.17% of their portfolio AUSTIN, TX 614,205614.2k $654.0m $654.0m 0.17% Added +25.4k +25,362
31 UBS Group AG 0.20% of their portfolio ZURICH, V8 612,721612.7k $652.5m $652.5m 0.20% Reduced -33.3k -33,255
32 Winslow Capital Management, LLC 2.32% of their portfolio MINNEAPOLIS, MN 604,460604.5k $643.7m $643.7m 2.32% Added +49.8k +49,784
33 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.55% of their portfolio BOSTON, MA 591,964592.0k $630.4m $630.4m 0.55% Added +355.3k +355,302
34 BNP PARIBAS FINANCIAL MARKETS 0.64% of their portfolio PARIS, I0 554,448554.4k $590.4m $590.4m 0.64% Added +40.2k +40,248
35 DEUTSCHE BANK AG\ 0.27% of their portfolio FRANKFURT AM MAIN, 2M 552,426552.4k $588.3m $588.3m 0.27% Added +31.3k +31,263
36 ROYAL BANK OF CANADA 0.13% of their portfolio TORONTO, A6 510,658510.7k $543.8m $543.8m 0.13% Added +158.9k +158,886
37 HSBC HOLDINGS PLC 0.35% of their portfolio LONDON, X0 504,816504.8k $539.0m $539.0m 0.35% Added +30.7k +30,698
38 Artisan Partners Limited Partnership 0.81% of their portfolio Milwaukee, WI 502,582502.6k $535.2m $535.2m 0.81% Added +2.2k +2,245
39 CITIGROUP INC 0.50% of their portfolio NEW YORK, NY 488,874488.9k $520.6m $520.6m 0.50% Added +117.2k +117,214
40 COATUE MANAGEMENT LLC 1.90% of their portfolio New York, NY 457,443457.4k $487.1m $487.1m 1.90% Added +12.9k +12,927
41 NORDEA INVESTMENT MANAGEMENT AB 0.57% of their portfolio STOCKHOLM, V7 455,642455.6k $488.1m $488.1m 0.57% Added +10.9k +10,867
42 FIRST TRUST ADVISORS LP 0.49% of their portfolio Wheaton, IL 452,374452.4k $481.7m $481.7m 0.49% Reduced -32.8k -32,814
43 CANADA PENSION PLAN INVESTMENT BOARD 0.44% of their portfolio TORONTO ONTARIO, A6 420,117420.1k $447.4m $447.4m 0.44% Added +8.3k +8,295
44 Pictet Asset Management Holding SA 0.48% of their portfolio CAROUGE, V8 395,512395.5k $421.1m $421.1m 0.48% Added +4.2k +4,192
45 ALKEON CAPITAL MANAGEMENT LLC 2.14% of their portfolio New York, NY 393,046393.0k $418.5m $418.5m 2.14% Added +100.0k +100,000
46 Swiss National Bank 0.28% of their portfolio ZURICH, V8 388,200388.2k $413.4m $413.4m 0.28% Reduced -6.5k -6,500
47 Rafferty Asset Management, LLC 1.51% of their portfolio New York, NY 382,113382.1k $406.9m $406.9m 1.51% Reduced -26.8k -26,794
48 TIGER GLOBAL MANAGEMENT LLC 1.74% of their portfolio New York, NY 353,183353.2k $376.1m $376.1m 1.74% Unchanged
49 LORD, ABBETT & CO. LLC 0.61% of their portfolio JERSEY CITY, NJ 348,234348.2k $370.8m $370.8m 0.61% Reduced -137.3k -137,254
50 MACQUARIE GROUP LTD 0.42% of their portfolio Sydney, NSW 2000, C3 344,761344.8k $367.1m $367.1m 0.42% Reduced -1.6k -1,641
51 Allianz Asset Management GmbH 0.58% of their portfolio MUNICH, 2M 339,236339.2k $361.2m $361.2m 0.58% Added +17.8k +17,820
52 Qube Research & Technologies Ltd 0.67% of their portfolio LONDON, X0 339,184339.2k $361.2m $361.2m 0.67% Added +303.9k +303,894
53 TD Asset Management Inc 0.32% of their portfolio Toronto, A6 318,005318.0k $338.6m $338.6m 0.32% Reduced -24.8k -24,816
54 ALLIANCEBERNSTEIN L.P. 0.12% of their portfolio NASHVILLE, TN 314,331314.3k $334.7m $334.7m 0.12% Added +19.2k +19,207
55 PNC Financial Services Group, Inc. 0.22% of their portfolio Pittsburgh, PA 312,879312.9k $333.2m $333.2m 0.22% Added +649 +649
56 Sumitomo Mitsui Trust Group, Inc. 0.25% of their portfolio CHIYODA-KU, TOKYO, M0 312,766312.8k $333.0m $333.0m 0.25% Reduced -25.4k -25,363
57 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.83% of their portfolio CHICAGO, IL 296,781296.8k $316.0m $316.0m 0.83% Added +41.4k +41,379
58 MACKENZIE FINANCIAL CORP 0.46% of their portfolio TORONTO ONTARIO, A6 288,704288.7k $307.4m $307.4m 0.46% Added +46 +46
59 SCHRODER INVESTMENT MANAGEMENT GROUP 0.34% of their portfolio London, X0 288,397288.4k $307.1m $307.1m 0.34% Added +161.2k +161,224
60 OAKTOP CAPITAL MANAGEMENT II, L.P. 29.35% of their portfolio Chatham, NJ 269,146269.1k $286.6m $286.6m 29.35% Unchanged
61 RHUMBLINE ADVISERS 0.27% of their portfolio BOSTON, MA 264,915264.9k $282.1m $282.1m 0.27% Reduced -4.8k -4,827
62 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 262,489262.5k $279.5m $279.5m 0.10% Reduced -10.6k -10,578
63 National Pension Service 0.32% of their portfolio JEONJU-SI, JEOLLABUK-DO, M5 262,306262.3k $279.3m $279.3m 0.32% Added +2.1k +2,085
64 PRINCIPAL FINANCIAL GROUP INC 0.16% of their portfolio DES MOINES, IA 253,835253.8k $270.3m $270.3m 0.16% Added +13.7k +13,683
65 VOYA INVESTMENT MANAGEMENT LLC 0.26% of their portfolio ATLANTA, GA 250,710250.7k $267.0m $267.0m 0.26% Added +16.0k +15,977
66 CINCINNATI INSURANCE CO 4.38% of their portfolio FAIRFIELD, OH 249,211249.2k $265.4m $265.4m 4.38% Unchanged
67 California Public Employees Retirement System 0.19% of their portfolio Sacramento, CA 240,046240.0k $255.6m $255.6m 0.19% Reduced -27.0k -27,014
68 BANK OF MONTREAL /CAN/ 0.08% of their portfolio TORONTO, A6 238,206238.2k $251.7m $251.7m 0.08% Reduced -47.7k -47,724
69 Man Group plc 0.66% of their portfolio LONDON, X0 235,391235.4k $250.7m $250.7m 0.66% Added +73.6k +73,556
70 SCGE MANAGEMENT, L.P. 4.89% of their portfolio MENLO PARK, CA 235,000235.0k $250.2m $250.2m 4.89% Unchanged
71 Boston Partners 0.30% of their portfolio BOSTON, MA 228,258228.3k $242.9m $242.9m 0.30% Reduced -32.6k -32,584
72 Mitsubishi UFJ Asset Management Co., Ltd. 0.29% of their portfolio TOKYO, M0 220,541220.5k $234.8m $234.8m 0.29% Added +18.0k +18,042
73 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.28% of their portfolio WEST SACRAMENTO, CA 213,616213.6k $227.5m $227.5m 0.28% Reduced -2.7k -2,717
74 MILLENNIUM MANAGEMENT LLC 0.18% of their portfolio NEW YORK, NY 210,502210.5k $224.2m $224.2m 0.18% Added +39.1k +39,112
75 AQR CAPITAL MANAGEMENT LLC 0.34% of their portfolio Greenwich, CT 207,686207.7k $221.2m $221.2m 0.34% Added +40.9k +40,907
76 TWO SIGMA INVESTMENTS, LP 0.51% of their portfolio NEW YORK, NY 201,997202.0k $215.1m $215.1m 0.51% Added +200.8k +200,797
77 JENNISON ASSOCIATES LLC 0.14% of their portfolio NEW YORK, NY 198,550198.6k $211.4m $211.4m 0.14% Added +106.3k +106,317
78 Corient Private Wealth LP 0.37% of their portfolio MIAMI, FL 197,391197.4k $210.2m $210.2m 0.37% Reduced -54.0k -53,955
79 PRUDENTIAL FINANCIAL INC 0.31% of their portfolio NEWARK, NJ 194,905194.9k $207.5m $207.5m 0.31% Reduced -60.6k -60,605
80 Swedbank AB 0.28% of their portfolio STOCKHOLM, V7 193,936193.9k $206.5m $206.5m 0.28% Reduced -4.4k -4,370
81 Aspex Management (HK) Ltd 4.21% of their portfolio CENTRAL, K3 184,961185.0k $197.0m $197.0m 4.21% Reduced -28.9k -28,912
82 VICTORY CAPITAL MANAGEMENT INC 0.19% of their portfolio San Antonio, TX 176,264176.3k $187.7m $187.7m 0.19% Reduced -2.0k -1,952
83 PANAGORA ASSET MANAGEMENT INC 0.94% of their portfolio BOSTON, MA 175,616175.6k $187.0m $187.0m 0.94% Added +118.6k +118,634
84 NEW YORK STATE COMMON RETIREMENT FUND 0.24% of their portfolio ALBANY, NY 174,581174.6k $185.9m $185.9m 0.24% Reduced -23.8k -23,837
85 Clearbridge Investments, LLC 0.15% of their portfolio NEW YORK, NY 174,051174.1k $185.3m $185.3m 0.15% Added +2.8k +2,841
86 KBC Group NV 0.56% of their portfolio Brussels, C9 172,625172.6k $183.8m $183.8m 0.56% Added +6.3k +6,341
87 Bank Julius Baer & Co. Ltd, Zurich 0.76% of their portfolio ZURICH, V8 171,166171.2k $197.6m $197.6m 0.76% Reduced -9.8k -9,758
88 NEUBERGER BERMAN GROUP LLC 0.15% of their portfolio NEW YORK, NY 169,193169.2k $180.2m $180.2m 0.15% Reduced -5.7k -5,725
89 Epoch Investment Partners, Inc. 0.80% of their portfolio New York, NY 164,680164.7k $175.4m $175.4m 0.80% Reduced -454 -454
90 Tairen Capital Ltd 6.25% of their portfolio HONG KONG, K3 163,605163.6k $174.2m $174.2m 6.25% Added +109.0k +108,973
91 ProShare Advisors LLC 0.47% of their portfolio BETHESDA, MD 163,335163.3k $173.9m $173.9m 0.47% Reduced -12.3k -12,319
92 Russell Investments Group, Ltd. 0.26% of their portfolio Seattle, WA 154,185154.2k $164.1m $164.1m 0.26% Reduced -1.8k -1,764
93 SEI INVESTMENTS CO 0.22% of their portfolio OAKS, PA 146,575146.6k $156.1m $156.1m 0.22% Reduced -911 -911
94 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.29% of their portfolio Boston, MA 146,556146.6k $156.1m $156.1m 0.29% Reduced -2.3k -2,300
95 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.39% of their portfolio Paris, I0 143,243143.2k $152.5m $152.5m 0.39% Added +6.9k +6,855
96 WORLDQUANT MILLENNIUM ADVISORS LLC 1.38% of their portfolio NEW YORK, NY 141,772141.8k $151.0m $151.0m 1.38% Added +73.0k +73,005
97 Aberdeen Group plc 0.29% of their portfolio EDINBURGH, X0 140,437140.4k $149.5m $149.5m 0.29% Added +1.1k +1,148
98 NATIONAL BANK OF CANADA /FI/ 0.22% of their portfolio MONTREAL, A8 133,965134.0k $142.1m $142.1m 0.22% Reduced -21.6k -21,632
99 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.28% of their portfolio TALLAHASSEE, FL 132,904132.9k $141.5m $141.5m 0.28% Reduced -18.0k -17,955
100 Korea Investment CORP 0.34% of their portfolio SEOUL, M5 124,998125.0k $133.1m $133.1m 0.34% Added +18.2k +18,155