LOWES COS INC LOW
COM · Common Stock · CUSIP 548661107 · ISIN US5486611073
American home improvement retail chain
* 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 ($391.1m this quarter). Holder counts are more reliable. Shares outstanding: 604.7m as of 2022-11-21, 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 ≈ $198.82. Options: 49 managers hold calls ($1.8bn notional), 58 hold puts ($1.7bn).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,178 |
| Q4 2022 | 2,299 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $1.5bn | $1.6bn | 1.05 |
| Q4 2022 | $1.8bn | $1.7bn | 0.98 |
Biggest buyers
| MORGAN STANLEY | Added | +2.1m |
| JPMORGAN CHASE & CO | Added | +1.2m |
| GOLDMAN SACHS GROUP INC | Added | +908.0k |
| LORD, ABBETT & CO. LLC | Added | +877.1k |
| BANK OF NOVA SCOTIA | Added | +600.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +455.1k |
| ALKEON CAPITAL MANAGEMENT LLC | Added | +438.8k |
| FIRST MANHATTAN CO. LLC. | Added | +410.5k |
| HSBC HOLDINGS PLC | Added | +369.5k |
| Holocene Advisors, LP | New | +328.1k |
Biggest sellers
| CITIGROUP INC | Reduced | -3.3m |
| Soroban Capital Partners LP | Reduced | -1.5m |
| STATE STREET CORP | Reduced | -1.4m |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -1.3m |
| FMR LLC | Reduced | -1.0m |
| VANGUARD GROUP INC | Reduced | -867.5k |
| Magellan Asset Management Ltd | Reduced | -702.7k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -555.3k |
| Legal & General Group Plc | Reduced | -547.7k |
| AXA S.A. | Reduced | -547.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $368.1m1.8m shares |
| CITADEL ADVISORS LLC | Added | $297.6m1.5m shares |
| CITIGROUP INC | Added | $201.2m1.0m shares |
| Parallax Volatility Advisers, L.P. | Reduced | $128.5m645.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $128.1m642.7k shares |
| SIMPLEX TRADING, LLC | Added | $114.9m576.5k shares |
| JANE STREET GROUP, LLC | Added | $103.1m517.6k shares |
| IMC-Chicago, LLC | Added | $60.4m303.4k shares |
| WOLVERINE TRADING, LLC | Added | $59.3m297.8k shares |
| UBS Group AG | Added | $51.6m259.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $296.0m1.5m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $253.6m1.3m shares |
| CITADEL ADVISORS LLC | Added | $241.0m1.2m shares |
| UBS Group AG | Reduced | $117.5m589.9k shares |
| Laurion Capital Management LP | New | $80.4m403.4k shares |
| CITIGROUP INC | Added | $73.1m366.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $69.4m348.5k shares |
| JANE STREET GROUP, LLC | Reduced | $64.5m323.8k shares |
| GOLDMAN SACHS GROUP INC | Added | $58.4m293.1k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $57.8m2.9k 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 2026-04-30 | 7.5% |
| JPMORGAN CHASE & CO 13G · institution +1.0 pts · filed 2025-10-31 | 6.5% |
| FMR LLC 13G · institution new · filed 2026-05-06 | 5.7% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2022
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 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 2 | $23.6m | — |
| Q4 2022 | 0 | — | 2 | $15.3m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2022-12-19 | McFarland Joseph Michael EVP, Stores | Sold | $3.1m15.3k shares |
| 2022-12-13 | MCCANLESS ROSS W EVP, GC & Corp. Sec. | Sold | $12.2m57.6k 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 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.29% of their portfolio | 54.1m $10.8bn | Reduced -867.5k |
| BlackRock Inc. 0.28% of their portfolio | 44.5m $8.9bn | Reduced -497.3k |
| STATE STREET CORP 0.30% of their portfolio | 25.6m $5.1bn | Reduced -1.4m |
| FMR LLC 0.45% of their portfolio | 22.8m $4.5bn | Reduced -1.0m |
| JPMORGAN CHASE & CO 0.50% of their portfolio | 17.6m $3.5bn | Added +1.2m |
| MORGAN STANLEY 0.26% of their portfolio | 11.7m $2.3bn | Added +2.1m |
| WELLS FARGO & COMPANY/MN 0.70% of their portfolio | 11.1m $2.2bn | Reduced -128.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.31% of their portfolio | 11.0m $2.2bn | Reduced -45.0k |
| Pershing Square Capital Management, L.P. 23.53% of their portfolio | 10.4m $2.1bn | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.25% of their portfolio | 9.9m $2.0bn | Reduced -402.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.56% of their portfolio | 8.1m $1.6bn | Added +149.9k |
| NORTHERN TRUST CORP 0.31% of their portfolio | 7.5m $1.5bn | Reduced -161.4k |
| NORGES BANK 0.35% of their portfolio | 7.3m $1.5bn | Added +186.5k |
| Nuveen Asset Management, LLC 0.44% of their portfolio | 5.7m $1.1bn | Added +86.4k |
| Bank of New York Mellon Corp 0.24% of their portfolio | 5.3m $1.1bn | Reduced -380.9k |
| Invesco Ltd. 0.28% of their portfolio | 4.8m $958.5m | Added +221.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.18% of their portfolio | 4.6m $912.3m | Reduced -555.3k |
| Legal & General Group Plc 0.32% of their portfolio | 4.2m $846.2m | Reduced -547.7k |
| GOLDMAN SACHS GROUP INC 0.21% of their portfolio | 3.7m $739.3m | Added +908.0k |
| AMERIPRISE FINANCIAL INC 0.25% of their portfolio | 3.7m $732.2m | Added +50.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.38% of their portfolio | 3.7m $728.6m | Reduced -30.4k |
| FRANKLIN RESOURCES INC 0.38% of their portfolio | 3.6m $721.9m | Added +10.3k |
| SALEM INVESTMENT COUNSELORS INC 29.46% of their portfolio | 3.5m $688.2m | Reduced -9.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.21% of their portfolio | 3.2m $646.5m | Reduced -1.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.75% of their portfolio | 2.7m $538.9m | Added +273.9k |
| Swiss National Bank 0.36% of their portfolio | 2.5m $502.6m | Reduced -247.1k |
| UBS Group AG 0.23% of their portfolio | 2.4m $487.3m | Reduced -104.5k |
| Magellan Asset Management Ltd 3.92% of their portfolio | 2.3m $458.4m | Reduced -702.7k |
| Egerton Capital (UK) LLP 3.91% of their portfolio | 2.3m $454.0m | Reduced -26.4k |
| LONDON CO OF VIRGINIA 2.43% of their portfolio | 2.1m $411.3m | Reduced -6.8k |
| Amundi 0.24% of their portfolio | 2.1m $429.0m | Reduced -122.0k |
| DIMENSIONAL FUND ADVISORS LP 0.14% of their portfolio | 2.0m $401.0m | Reduced -117.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.31% of their portfolio | 2.0m $392.3m | Reduced -204.3k |
| CITADEL ADVISORS LLC 0.45% of their portfolio | 1.9m $387.6m | Added +283.1k |
| LORD, ABBETT & CO. LLC 0.69% of their portfolio | 1.9m $385.0m | Added +877.1k |
| ROYAL BANK OF CANADA 0.10% of their portfolio | 1.7m $344.4m | Reduced -234.6k |
| Soroban Capital Partners LP 4.10% of their portfolio | 1.7m $340.9m | Reduced -1.5m |
| AMERICAN CENTURY COMPANIES INC 0.25% of their portfolio | 1.5m $308.7m | Reduced -410.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 1.5m $306.0m | Reduced -275.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.19% of their portfolio | 1.5m $300.7m | Added +455.1k |
| Fiera Capital Corp 0.93% of their portfolio | 1.5m $297.6m | Reduced -7.8k |
| California Public Employees Retirement System 0.25% of their portfolio | 1.5m $295.3m | Reduced -6.4k |
| DEUTSCHE BANK AG\ 0.16% of their portfolio | 1.4m $282.0m | Added +32.7k |
| MILLENNIUM MANAGEMENT LLC 0.31% of their portfolio | 1.4m $278.2m | Added +280.6k |
| HSBC HOLDINGS PLC 0.34% of their portfolio | 1.4m $274.0m | Added +369.5k |
| Coho Partners, Ltd. 4.54% of their portfolio | 1.3m $267.8m | Added +2.1k |
| Maj Invest Holding A/S 6.76% of their portfolio | 1.3m $255.6m | Reduced -504.7k |
| Allen Investment Management, LLC 4.00% of their portfolio | 1.2m $248.7m | Reduced -177.9k |
| RHUMBLINE ADVISERS 0.33% of their portfolio | 1.2m $248.7m | Added +27.6k |
| ALKEON CAPITAL MANAGEMENT LLC 1.83% of their portfolio | 1.2m $245.5m | Added +438.8k |
| APG Asset Management N.V. 0.46% of their portfolio | 1.2m $244.1m | Added +131.7k |
| Artisan Partners Limited Partnership 0.42% of their portfolio | 1.2m $238.8m | Reduced -247.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.33% of their portfolio | 1.2m $237.5m | Reduced -17.0k |
| BARCLAYS PLC 0.20% of their portfolio | 1.2m $235.5m | First filing |
| CREDIT SUISSE AG/ 0.25% of their portfolio | 1.2m $231.2m | Added +3.4k |
| FIRST MANHATTAN CO. LLC. 0.84% of their portfolio | 1.2m $230.2m | Added +410.5k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 1.11% of their portfolio | 1.1m $227.6m | Reduced -4.0k |
| ALLIANCEBERNSTEIN L.P. 0.10% of their portfolio | 1.1m $226.6m | Reduced -236.9k |
| Haverford Trust Co 2.69% of their portfolio | 1.1m $218.7m | Added +6.0k |
| BANK OF MONTREAL /CAN/ 0.10% of their portfolio | 1.1m $221.6m | Reduced -50.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.33% of their portfolio | 1.1m $211.5m | Reduced -17.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.33% of their portfolio | 1.1m $209.7m | Added +155.0k |
| National Pension Service 0.41% of their portfolio | 1.1m $209.5m | Reduced -51.1k |
| PATHSTONE FAMILY OFFICE, LLC 0.26% of their portfolio | 1.0m $31.1m | Reduced -3.2k |
| ProShare Advisors LLC 0.66% of their portfolio | 943.1k $187.9m | Added +54.5k |
| Two Creeks Capital Management, LP 13.00% of their portfolio | 915.1k $182.3m | Reduced -896 |
| CANADA LIFE ASSURANCE Co 0.47% of their portfolio | 893.9k $179.0m | Reduced -88.7k |
| M&G INVESTMENT MANAGEMENT LTD 1.30% of their portfolio | 885.7k $176.2m | Reduced -112.4k |
| PICTET ASSET MANAGEMENT SA 0.23% of their portfolio | 885.6k $162.8m | Reduced -65.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.42% of their portfolio | 877.7k $174.9m | Added +201.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio | 865.7k $172.5m | Reduced -2.1k |
| BESSEMER GROUP INC 0.42% of their portfolio | 856.2k $170.6m | Added +5.3k |
| NEUBERGER BERMAN GROUP LLC 0.16% of their portfolio | 833.3k $166.0m | Reduced -115.2k |
| RAYMOND JAMES & ASSOCIATES 0.15% of their portfolio | 795.6k $158.5m | Reduced -58.9k |
| PRUDENTIAL FINANCIAL INC 0.27% of their portfolio | 791.8k $157.8m | Added +51.8k |
| HighTower Advisors, LLC 0.36% of their portfolio | 785.2k $156.6m | Added +24.6k |
| BROWN ADVISORY INC 0.29% of their portfolio | 782.2k $155.9m | Reduced -2.7k |
| CITIGROUP INC 0.22% of their portfolio | 777.6k $154.9m | Reduced -3.3m |
| RENAISSANCE TECHNOLOGIES LLC 0.21% of their portfolio | 770.3k $153.5m | Reduced -87.4k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.54% of their portfolio | 755.3k $150.5m | Added +182.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.36% of their portfolio | 735.8k $146.6m | Reduced -42.7k |
| TRUIST FINANCIAL CORP 0.26% of their portfolio | 735.6k $146.6m | Reduced -175.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.11% of their portfolio | 732.6k $146.0m | Reduced -40.0k |
| Robeco Institutional Asset Management B.V. 0.42% of their portfolio | 728.5k $145.2m | Added +7.0k |
| Thrivent Financial for Lutherans 0.38% of their portfolio | 726.3k $144.9m | Reduced -99.4k |
| Ensign Peak Advisors, Inc 0.32% of their portfolio | 718.2k $143.1m | Added +3.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.34% of their portfolio | 705.2k $140.5m | Reduced -34.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.22% of their portfolio | 704.6k $140.4m | Added +44.1k |
| STIFEL FINANCIAL CORP 0.20% of their portfolio | 679.4k $135.4m | Reduced -1.9k |
| Fisher Asset Management, LLC 0.09% of their portfolio | 669.7k $133.4m | Reduced -13.3k |
| CAPTRUST FINANCIAL ADVISORS 0.67% of their portfolio | 665.2k $132.5m | Added +1.7k |
| BANK OF NOVA SCOTIA 0.34% of their portfolio | 652.9k $130.1m | Added +600.1k |
| Railway Pension Investments Ltd 1.26% of their portfolio | 630.3k $125.6m | Added +300 |
| Markel Group Inc. 1.63% of their portfolio | 606.5k $120.8m | Added +9.5k |
| Aberdeen Group plc 0.33% of their portfolio | 603.4k $120.2m | Reduced -19.6k |
| Brandywine Global Investment Management, LLC 0.93% of their portfolio | 597.7k $119.1m | Reduced -43.3k |
| Aristotle Capital Management, LLC 0.25% of their portfolio | 597.5k $119.0m | Reduced -210 |
| VICTORY CAPITAL MANAGEMENT INC 0.14% of their portfolio | 597.3k $119.0m | Reduced -7.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.31% of their portfolio | 592.3k $118.0m | Reduced -10.0k |
| Bartlett & Co. LLC 2.33% of their portfolio | 580.2k $115.6m | Reduced -1.6k |