Vault-13

LANCASTER COLONY CORP MZTI

COM · Common Stock · CUSIP 513847103

337 institutional holders +11 vs Q2 2025
16,763,92016.8m shares reported held*
61.0% of all shares outstanding*
$2.9bnreported value*
49 new 121 added 119 reduced 30 sold out net sold ≈ $71.2m (-412.0k 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 ($8.7m this quarter). Holder counts are more reliable. Shares outstanding: 27.5m as of 2025-10-10, 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 ≈ $172.79. Options: 2 managers hold calls ($1.1m notional), 0 hold puts (—).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 272Q4 22: 314Q1 23: 315Q2 23: 306Q3 23: 286Q4 23: 291Q1 24: 321Q2 24: 337Q3 24: 337Q4 24: 338Q1 25: 352Q2 25: 326Q3 25: 337337Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022272
Q4 2022314
Q1 2023315
Q2 2023306
Q3 2023286
Q4 2023291
Q1 2024321
Q2 2024337
Q3 2024337
Q4 2024338
Q1 2025352
Q2 2025326
Q3 2025337

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 130 bought or addedQ4 23: 134 cut or sold outQ1 24: 141 bought or addedQ1 24: 148 cut or sold outQ1 24Q2 24: 168 bought or addedQ2 24: 135 cut or sold outQ3 24: 169 bought or addedQ3 24: 155 cut or sold outQ3 24Q4 24: 174 bought or addedQ4 24: 144 cut or sold outQ1 25: 176 bought or addedQ1 25: 156 cut or sold outQ1 25Q2 25: 166 bought or addedQ2 25: 164 cut or sold outQ3 25: 170 bought or addedQ3 25: 149 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023130134
Q1 2024141148
Q2 2024168135
Q3 2024169155
Q4 2024174144
Q1 2025176156
Q2 2025166164
Q3 2025170149

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ4 24 calls: $7.3mQ4 24 puts: $3.8mQ4 24P/C 0.51Q1 25 calls: $6.2mQ1 25 puts: $105.0kQ1 25P/C 0.02Q2 25 calls: $2.2mQ2 25 puts: $414.6kQ2 25P/C 0.19Q3 25 calls: $1.1mQ3 25 puts: $0Q3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$7.3m$3.8m0.51
Q1 2025$6.2m$105.0k0.02
Q2 2025$2.2m$414.6k0.19
Q3 2025$1.1m$00.00

Biggest buyers

JPMORGAN CHASE & CO Added +117,499+117.5k
Man Group plc Added +64,533+64.5k
RHUMBLINE ADVISERS New +64,390+64.4k
ExodusPoint Capital Management, LP New +51,234+51.2k
TWO SIGMA ADVISERS, LP Added +47,800+47.8k
TWO SIGMA INVESTMENTS, LP Added +41,859+41.9k
DEUTSCHE BANK AG\ Added +33,805+33.8k
VANGUARD GROUP INC Added +29,593+29.6k
AQR CAPITAL MANAGEMENT LLC Added +28,191+28.2k
JANE STREET GROUP, LLC New +27,978+28.0k

Biggest sellers

WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Reduced -193,117-193.1k
MILLENNIUM MANAGEMENT LLC Reduced -146,848-146.8k
WCM INVESTMENT MANAGEMENT, LLC Sold out -98,329-98.3k
GW&K Investment Management, LLC Reduced -84,447-84.4k
MORGAN STANLEY Reduced -66,869-66.9k
Champlain Investment Partners, LLC Reduced -55,517-55.5k
GOLDMAN SACHS GROUP INC Reduced -49,042-49.0k
CITADEL ADVISORS LLC Reduced -48,903-48.9k
BlackRock, Inc. Reduced -40,495-40.5k
ROYAL BANK OF CANADA Reduced -36,359-36.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.0m5.8k shares
SIMPLEX TRADING, LLC Reduced $138.0k800 shares

Biggest puts

None

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.

HolderStakeChangeShares Last filed
GERLACH JOHN B JR 13G · exempt (held before listing) filed 2025-02-11 5.2% 1.4m≈ $164.2m 2025-02-11
VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-07-31 5.1% new 1.4m≈ $160.1m 2026-07-31

Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO 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)

BuyingSelling
101Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 1 buyingQ1 24: 1 sellingQ1 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 1 buyingQ3 24: 0 sellingQ3 24Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 1 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20230—0——
Q1 20241$15.5k1$232.5k—
Q2 20240—0——
Q3 20241$507.0k0——
Q4 20240—0——
Q1 20250—1$3.3m—
Q2 20250—0——
Q3 20250—0——

None reported in Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.01% of their portfolio New York, NY 2,554,0992.6m $441.3m $441.3m 0.01% Reduced -40.5k -40,495
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 2,233,8752.2m $386.0m $386.0m 0.01% Added +29.6k +29,593
3 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 977,328977.3k $168.9m $168.9m 0.01% Reduced -5.4k -5,366
4 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.30% of their portfolio CHICAGO, IL 680,240680.2k $117.5m $117.5m 0.30% Reduced -193.1k -193,117
5 FIRST TRUST ADVISORS LP 0.08% of their portfolio Wheaton, IL 646,904646.9k $111.8m $111.8m 0.08% Added +11.5k +11,546
6 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 619,956620.0k $107.1m $107.1m 0.01% Added +19.4k +19,422
7 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 529,686529.7k $91.5m $91.5m 0.02% Added +9.1k +9,051
8 LONDON CO OF VIRGINIA 0.42% of their portfolio RICHMOND, VA 439,352439.4k $75.9m $75.9m 0.42% Reduced -11.0k -10,995
9 RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio NEW YORK, NY 382,980383.0k $66.2m $66.2m 0.09% Reduced -10.2k -10,200
10 Boston Trust Walden Corp 0.43% of their portfolio BOSTON, MA 339,978340.0k $58.7m $58.7m 0.43% Reduced -4.6k -4,627
11 Thrivent Financial for Lutherans 0.11% of their portfolio Minneapolis, MN 333,190333.2k $57.6m $57.6m 0.11% Added +25.8k +25,829
12 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.35% of their portfolio NEW YORK, NY 308,787308.8k $53.4m $53.4m 0.35% Reduced -9.2k -9,183
13 Grantham, Mayo, Van Otterloo & Co. LLC 0.14% of their portfolio Boston, MA 291,822291.8k $50.4m $50.4m 0.14% Added +2.7k +2,722
14 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 291,421291.4k $50.4m $50.4m 0.01% Added +4.0k +4,005
15 Champlain Investment Partners, LLC 0.36% of their portfolio BURLINGTON, VT 276,142276.1k $47.7m $47.7m 0.36% Reduced -55.5k -55,517
16 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 261,078261.1k $45.1m $45.1m 0.01% Reduced -10.7k -10,738
17 GW&K Investment Management, LLC 0.39% of their portfolio BOSTON, MA 252,458252.5k $43.6m $43.6m 0.39% Reduced -84.4k -84,447
18 PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio DES MOINES, IA 251,437251.4k $43.4m $43.4m 0.02% Added +26.4k +26,406
19 ProShare Advisors LLC 0.08% of their portfolio BETHESDA, MD 229,685229.7k $39.7m $39.7m 0.08% Added +17.8k +17,763
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 218,302218.3k $37.7m $37.7m 0.00% Reduced -66.9k -66,869
21 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 204,235204.2k $35.3m $35.3m 0.01% Reduced -8.5k -8,485
22 Bahl & Gaynor LLC 0.17% of their portfolio CINCINNATI, OH 199,385199.4k $34.5m $34.5m 0.17% Added +4.2k +4,155
23 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 195,219195.2k $33.7m $33.7m 0.01% Added +5.9k +5,924
24 Diamond Hill Capital Management, LLC (Investment Advisor) 0.16% of their portfolio COLUMBUS, OH 192,511192.5k $33.3m $33.3m 0.16% Reduced -13.6k -13,609
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 187,688187.7k $32.4m $32.4m 0.00% Added +117.5k +117,499
26 WESBANCO BANK INC 0.78% of their portfolio WHEELING, WV 162,720162.7k $28.1m $28.1m 0.78% Reduced -515 -515
27 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 158,608158.6k $27.4m $27.4m 0.01% Reduced -4.9k -4,860
28 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 154,135154.1k $26.6m $26.6m 0.00% Added +10.9k +10,932
29 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 125,471125.5k $21.7m $21.7m 0.03% Added +41.9k +41,859
30 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 120,409120.4k $20.8m $20.8m 0.02% Reduced -146.8k -146,848
31 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 100,845100.8k $17.4m $17.4m 0.01% Added +28.2k +28,191
32 TWO SIGMA ADVISERS, LP 0.03% of their portfolio NEW YORK, NY 82,00082.0k $14.2m $14.2m 0.03% Added +47.8k +47,800
33 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 80,37980.4k $13.9m $13.9m 0.00% Reduced -235 -235
34 JACOBS LEVY EQUITY MANAGEMENT, INC 0.05% of their portfolio FLORHAM PARK, NJ 77,62677.6k $13.4m $13.4m 0.05% Added +1.8k +1,762
35 Man Group plc 0.03% of their portfolio LONDON, X0 76,32176.3k $13.2m $13.2m 0.03% Added +64.5k +64,533
36 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 74,58374.6k $12.9m $12.9m 0.00% Added +33.8k +33,805
37 Welch & Forbes LLC 0.15% of their portfolio Boston, MA 74,35174.4k $12.8m $12.8m 0.15% Reduced -2.1k -2,081
38 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 73,04073.0k $12.6m $12.6m 0.00% Reduced -49.0k -49,042
39 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 72,22472.2k $12.5m $12.5m 0.00% Added +6.2k +6,230
40 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 67,35267.4k $11.6m $11.6m 0.01% Reduced -6.3k -6,334
41 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 64,39064.4k $11.1m $11.1m 0.01% New
42 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 59,74259.7k $10.3m $10.3m 0.00% Added +4.7k +4,666
43 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 58,20858.2k $10.1m $10.1m 0.00% Reduced -1.5k -1,505
44 UBS Group AG 0.00% of their portfolio ZURICH, V8 54,70054.7k $9.5m $9.5m 0.00% Reduced -844 -844
45 ExodusPoint Capital Management, LP 0.12% of their portfolio NEW YORK, NY 51,23451.2k $8.9m $8.9m 0.12% New
46 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 49,08149.1k $8.5m $8.5m 0.00% Added +4.0k +3,986
47 FULLER & THALER ASSET MANAGEMENT, INC. 0.03% of their portfolio SAN MATEO, CA 46,51946.5k $8.0m $8.0m 0.03% Added +6.8k +6,809
48 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 45,10445.1k $7.8m $7.8m 0.00% Reduced -6.5k -6,496
49 Leeward Investments, LLC - MA 0.38% of their portfolio BOSTON, MA 43,49643.5k $7.5m $7.5m 0.38% Reduced -953 -953
50 Legal & General Group Plc 0.00% of their portfolio London, X0 41,71241.7k $7.2m $7.2m 0.00% Reduced -2.4k -2,388
51 Swiss National Bank 0.00% of their portfolio ZURICH, V8 40,02640.0k $6.9m $6.9m 0.00% Added +500 +500
52 Bernzott Capital Advisors 3.13% of their portfolio Camarillo, CA 38,34138.3k $6.6m $6.6m 3.13% Reduced -283 -283
53 LORD, ABBETT & CO. LLC 0.02% of their portfolio JERSEY CITY, NJ 38,23638.2k $6.6m $6.6m 0.02% Reduced -11.7k -11,686
54 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 37,94037.9k $6.6m $6.6m 0.00% Reduced -24.7k -24,738
55 WESTWOOD HOLDINGS GROUP INC 0.05% of their portfolio DALLAS, TX 36,52436.5k $6.3m $6.3m 0.05% Unchanged
56 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 36,19536.2k $6.3m $6.3m 0.00% Reduced -36.4k -36,359
57 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 32,96933.0k $5.7m $5.7m 0.00% Reduced -27.4k -27,416
58 Vest Financial, LLC 0.07% of their portfolio MCLEAN, VA 29,01429.0k $5.0m $5.0m 0.07% Added +5.1k +5,085
59 CRAMER ROSENTHAL MCGLYNN LLC 0.32% of their portfolio STAMFORD, CT 28,90428.9k $5.0m $5.0m 0.32% Reduced -19.4k -19,402
60 TEACHER RETIREMENT SYSTEM OF TEXAS 0.02% of their portfolio AUSTIN, TX 28,65728.7k $5.0m $5.0m 0.02% Reduced -869 -869
61 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 27,97828.0k $4.8m $4.8m 0.01% New
62 ALGERT GLOBAL LLC 0.08% of their portfolio SAN FRANCISCO, CA 27,83027.8k $4.8m $4.8m 0.08% Added +3.2k +3,210
63 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 24,85624.9k $4.3m $4.3m 0.01% New
64 Moody Aldrich Partners LLC 0.81% of their portfolio MARBLEHEAD, MA 24,74024.7k $4.3m $4.3m 0.81% Reduced -17.9k -17,926
65 Retirement Systems of Alabama 0.01% of their portfolio MONTGOMERY, AL 24,66624.7k $4.3m $4.3m 0.01% Added +1.1k +1,079
66 Wolff Financial Management LLC 0.95% of their portfolio KALAMAZOO, MI 23,79923.8k $4.1m $4.1m 0.95% Unchanged
67 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 22,99223.0k $4.0m $4.0m 0.00% Added +12.1k +12,056
68 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 22,63422.6k $3.9m $3.9m 0.00% Reduced -2.4k -2,384
69 MetLife Investment Management, LLC 0.02% of their portfolio Whippany, NJ 22,36222.4k $3.9m $3.9m 0.02% Reduced -429 -429
70 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 22,21622.2k $3.8m $3.8m 0.00% Reduced -48.9k -48,903
71 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 21,61921.6k $3.7m $3.7m 0.01% Reduced -4.6k -4,586
72 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 21,44321.4k $3.7m $3.7m 0.00% Reduced -494 -494
73 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 21,25921.3k $3.7m $3.7m 0.01% Added +90 +90
74 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 20,45720.5k $3.5m $3.5m 0.02% Reduced -10.8k -10,820
75 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 20,44120.4k $3.5m $3.5m 0.00% Reduced -4.4k -4,432
76 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 20,32420.3k $3.5m $3.5m 0.01% Unchanged
77 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 19,42819.4k $3.4m $3.4m 0.00% Added +1.5k +1,543
78 BENJAMIN EDWARDS INC 0.04% of their portfolio Clayton, MO 19,19519.2k $3.3m $3.3m 0.04% Added +164 +164
79 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.02% of their portfolio FRANKFORT, KY 18,61918.6k $3.2m $3.2m 0.02% Reduced -711 -711
80 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 18,61318.6k $3.2m $3.2m 0.00% Added +420 +420
81 Ameritas Investment Partners, Inc. 0.09% of their portfolio LINCOLN, NE 17,87317.9k $3.1m $3.1m 0.09% Reduced -6 -6
82 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 17,63317.6k $3.0m $3.0m 0.00% Added +994 +994
83 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 17,19417.2k $3.0m $3.0m 0.01% Added +2.2k +2,201
84 INTECH INVESTMENT MANAGEMENT LLC 0.03% of their portfolio WEST PALM BEACH, FL 16,26116.3k $2.8m $2.8m 0.03% Reduced -4.6k -4,635
85 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 16,08216.1k $2.8m $2.8m 0.00% Added +609 +609
86 Holocene Advisors, LP 0.01% of their portfolio New York, NY 15,60015.6k $2.7m $2.7m 0.01% Reduced -594 -594
87 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 15,15015.2k $2.6m $2.6m 0.00% Reduced -1.4k -1,406
88 F/m Investments LLC 0.10% of their portfolio WASHINGTON, DC 15,06615.1k $2.6m $2.6m 0.10% Reduced -6.2k -6,223
89 FIFTH THIRD BANCORP 0.01% of their portfolio CINCINNATI, OH 15,02715.0k $2.6m $2.6m 0.01% Reduced -580 -580
90 MARTINGALE ASSET MANAGEMENT L P 0.06% of their portfolio BOSTON, MA 14,59014.6k $2.5m $2.5m 0.06% Reduced -190 -190
91 Trexquant Investment LP 0.03% of their portfolio STAMFORD, CT 14,24514.2k $2.5m $2.5m 0.03% New
92 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 12,88712.9k $2.2m $2.2m 0.00% Added +679 +679
93 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 12,82012.8k $2.2m $2.2m 0.00% Reduced -2.5k -2,538
94 ALPS ADVISORS INC 0.01% of their portfolio Denver, CO 11,98012.0k $2.1m $2.1m 0.01% Reduced -16.9k -16,948
95 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 11,95512.0k $2.1m $2.1m 0.01% Added +332 +332
96 Quantbot Technologies LP 0.06% of their portfolio NEW YORK, NY 11,79111.8k $2.0m $2.0m 0.06% Added +11.2k +11,160
97 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 11,04611.0k $1.9m $1.9m 0.00% Added +4.7k +4,670
98 PARK NATIONAL CORP /OH/ 0.06% of their portfolio NEWARK, OH 11,00011.0k $1.9m $1.9m 0.06% Unchanged
99 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 9,8609.9k $1.7m $1.7m 0.00% Reduced -519 -519
100 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 9,8169.8k $1.7m $1.7m 0.01% Reduced -2.5k -2,466