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 ($391.2m this quarter). Holder counts are more reliable. Shares outstanding: 569.8m as of 2024-05-28, 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 ≈ $219.81. Options: 56 managers hold calls ($1.2bn notional), 59 hold puts ($1.1bn).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,178 |
| Q4 2022 | 2,299 |
| Q1 2023 | 2,304 |
| Q2 2023 | 2,352 |
| Q3 2023 | 2,313 |
| Q4 2023 | 2,464 |
| Q1 2024 | 2,508 |
| Q2 2024 | 2,459 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 896 | 1,036 |
| Q1 2023 | 937 | 1,108 |
| Q2 2023 | 966 | 1,087 |
| Q3 2023 | 902 | 1,129 |
| Q4 2023 | 985 | 1,101 |
| Q1 2024 | 1,030 | 1,200 |
| Q2 2024 | 1,071 | 1,103 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $1.2bn | $1.6bn | 1.26 |
| Q4 2023 | $1.1bn | $1.1bn | 0.99 |
| Q1 2024 | $1.4bn | $1.6bn | 1.10 |
| Q2 2024 | $1.2bn | $1.1bn | 0.90 |
Biggest buyers
| FMR LLC | Added | +1.6m |
| Strategic Financial Concepts, LLC | Added | +1.2m |
| BARCLAYS PLC | Added | +1.0m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +724.9k |
| JANE STREET GROUP, LLC | Added | +646.5k |
| GOLDMAN SACHS GROUP INC | Added | +552.8k |
| MARSHALL WACE, LLP | Added | +463.6k |
| ONTARIO TEACHERS PENSION PLAN BOARD | Added | +368.7k |
| California Public Employees Retirement System | Added | +351.1k |
| Squarepoint Ops LLC | Added | +344.6k |
Biggest sellers
| MORGAN STANLEY | Reduced | -21.1m |
| BlackRock Inc. | Reduced | -1.3m |
| CITADEL ADVISORS LLC | Reduced | -1.2m |
| Balyasny Asset Management L.P. | Reduced | -482.0k |
| BANK OF AMERICA CORP /DE/ | Reduced | -469.0k |
| OSSIAM | Reduced | -443.7k |
| ROYAL BANK OF CANADA | Reduced | -426.3k |
| KBC Group NV | Reduced | -351.9k |
| Soroban Capital Partners LP | Reduced | -291.7k |
| Fiera Capital Corp | Reduced | -270.9k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $267.5m1.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $197.0m893.4k shares |
| BARCLAYS PLC | Added | $113.3m513.8k shares |
| IMC-Chicago, LLC | Added | $54.6m247.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $54.5m247.1k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $52.1m236.1k shares |
| UBS Group AG | Reduced | $46.5m210.9k shares |
| JPMORGAN CHASE & CO | Added | $34.9m158.2k shares |
| WOLVERINE TRADING, LLC | Added | $28.9m131.0k shares |
| Squarepoint Ops LLC | Reduced | $26.7m121.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $222.7m1.0m shares |
| CITADEL ADVISORS LLC | Reduced | $123.0m558.0k shares |
| JPMORGAN CHASE & CO | Added | $88.9m403.4k shares |
| UBS Group AG | Reduced | $66.2m300.3k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $54.3m246.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $47.7m285.7k shares |
| IMC-Chicago, LLC | Reduced | $47.3m214.7k shares |
| WOLVERINE TRADING, LLC | Added | $42.2m191.5k shares |
| Eisler Capital (UK) Ltd. | Added | $39.5m179.4k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $27.3m1.2k 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 Q2 2024
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 |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 2 | $23.6m | — |
| Q4 2022 | 0 | — | 2 | $15.3m | — |
| Q1 2023 | 0 | — | 1 | $1.9m | — |
| Q2 2023 | 0 | — | 3 | $13.6m | — |
| Q3 2023 | 0 | — | 2 | $2.2m | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 2 | $8.1m | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.23% of their portfolio | 53.9m $11.9bn | Added +253.8k |
| JPMORGAN CHASE & CO 0.47% of their portfolio | 49.9m $11.0bn | Added +331.0k |
| BlackRock Inc. 0.19% of their portfolio | 38.4m $8.5bn | Reduced -1.3m |
| STATE STREET CORP 0.24% of their portfolio | 24.6m $5.4bn | Added +137.9k |
| FMR LLC 0.33% of their portfolio | 23.6m $5.2bn | Added +1.6m |
| GEODE CAPITAL MANAGEMENT, LLC 0.22% of their portfolio | 11.5m $2.5bn | Added +138.4k |
| WELLS FARGO & COMPANY/MN 0.63% of their portfolio | 11.1m $2.4bn | Reduced -164.2k |
| MORGAN STANLEY 0.18% of their portfolio | 10.3m $2.3bn | Reduced -21.1m |
| BANK OF AMERICA CORP /DE/ 0.21% of their portfolio | 10.0m $2.2bn | Reduced -469.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.52% of their portfolio | 7.6m $1.7bn | Reduced -125.0k |
| NORGES BANK 0.24% of their portfolio | 7.2m $1.6bn | Added +110.8k |
| NORTHERN TRUST CORP 0.24% of their portfolio | 6.4m $1.4bn | Reduced -62.3k |
| Invesco Ltd. 0.22% of their portfolio | 4.8m $1.1bn | Reduced -135.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.30% of their portfolio | 4.8m $1.1bn | Added +724.9k |
| GOLDMAN SACHS GROUP INC 0.20% of their portfolio | 4.6m $1.0bn | Added +552.8k |
| Legal & General Group Plc 0.26% of their portfolio | 4.1m $910.8m | Reduced -50.1k |
| Aristotle Capital Management, LLC 1.67% of their portfolio | 3.9m $864.6m | Reduced -24.8k |
| Bank of New York Mellon Corp 0.16% of their portfolio | 3.9m $860.3m | Reduced -109.5k |
| Nuveen Asset Management, LLC 0.25% of their portfolio | 3.8m $839.4m | Reduced -210.2k |
| FRANKLIN RESOURCES INC 0.25% of their portfolio | 3.6m $797.4m | Added +114.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.14% of their portfolio | 3.3m $733.9m | Added +46.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.71% of their portfolio | 2.9m $643.0m | Added +114.2k |
| AMERIPRISE FINANCIAL INC 0.16% of their portfolio | 2.6m $577.1m | Reduced -174.3k |
| UBS Group AG 0.16% of their portfolio | 2.4m $522.3m | Added +219.1k |
| BARCLAYS PLC 0.23% of their portfolio | 2.3m $510.8m | Added +1.0m |
| ONTARIO TEACHERS PENSION PLAN BOARD 4.98% of their portfolio | 2.3m $508.7m | Added +368.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.43% of their portfolio | 2.2m $489.7m | Added +136.1k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.53% of their portfolio | 2.2m $485.1m | Reduced -53.6k |
| SALEM INVESTMENT COUNSELORS INC 15.64% of their portfolio | 2.2m $484.8m | Reduced -2.0k |
| Amundi 0.16% of their portfolio | 2.0m $418.3m | Reduced -241.1k |
| BESSEMER GROUP INC 0.75% of their portfolio | 1.9m $427.4m | Reduced -10.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 1.8m $389.6m | Reduced -73.5k |
| Swiss National Bank 0.26% of their portfolio | 1.7m $373.5m | Reduced -28.2k |
| LONDON CO OF VIRGINIA 2.04% of their portfolio | 1.6m $362.5m | Reduced -96.5k |
| MACQUARIE GROUP LTD 0.41% of their portfolio | 1.6m $360.5m | Reduced -144.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.12% of their portfolio | 1.6m $356.7m | Added +90.9k |
| ROYAL BANK OF CANADA 0.09% of their portfolio | 1.6m $354.3m | Reduced -426.3k |
| LORD, ABBETT & CO. LLC 0.57% of their portfolio | 1.6m $346.9m | Added +127.5k |
| HSBC HOLDINGS PLC 0.22% of their portfolio | 1.5m $337.5m | Reduced -11.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.31% of their portfolio | 1.5m $330.5m | Added +149.6k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 1.5m $329.1m | Added +116.0k |
| California Public Employees Retirement System 0.23% of their portfolio | 1.4m $313.5m | Added +351.1k |
| AMERICAN CENTURY COMPANIES INC 0.19% of their portfolio | 1.4m $306.5m | Reduced -118.9k |
| FIRST MANHATTAN CO. LLC. 0.99% of their portfolio | 1.4m $309.9m | Added +34.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.21% of their portfolio | 1.3m $282.3m | Reduced -114.3k |
| DEUTSCHE BANK AG\ 0.13% of their portfolio | 1.3m $277.2m | Added +29.0k |
| Strategic Financial Concepts, LLC 0.13% of their portfolio | 1.2m $218.1k | Added +1.2m |
| NORDEA INVESTMENT MANAGEMENT AB 0.31% of their portfolio | 1.2m $265.4m | Added +73.3k |
| ALLIANCEBERNSTEIN L.P. 0.09% of their portfolio | 1.2m $257.4m | Added +65.0k |
| Soroban Capital Partners LP 3.71% of their portfolio | 1.1m $252.5m | Reduced -291.7k |
| RHUMBLINE ADVISERS 0.23% of their portfolio | 1.1m $247.8m | Reduced -47.3k |
| APG Asset Management N.V. 0.41% of their portfolio | 1.1m $230.7m | Added +24.3k |
| National Pension Service 0.26% of their portfolio | 1.0m $223.1m | Added +8.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.22% of their portfolio | 1.0m $222.2m | Added +3.3k |
| PRUDENTIAL FINANCIAL INC 0.33% of their portfolio | 986.8k $217.5m | Added +92.1k |
| M&G PLC 1.23% of their portfolio | 947.9k $208.5m | Added +93.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.25% of their portfolio | 929.3k $204.9m | Reduced -10.7k |
| Haverford Trust Co 2.15% of their portfolio | 926.5k $204.3m | Reduced -30.7k |
| BANK OF MONTREAL /CAN/ 0.06% of their portfolio | 920.6k $208.6m | Reduced -5.9k |
| Fiera Capital Corp 0.59% of their portfolio | 865.7k $190.8m | Reduced -270.9k |
| Maj Invest Holding A/S 5.29% of their portfolio | 862.7k $190.2m | Reduced -44.9k |
| Allen Investment Management, LLC 2.30% of their portfolio | 856.8k $188.9m | Reduced -200.4k |
| HighTower Advisors, LLC 0.29% of their portfolio | 845.7k $186.5m | Reduced -18.2k |
| ProShare Advisors LLC 0.49% of their portfolio | 835.9k $184.3m | Reduced -45.4k |
| Squarepoint Ops LLC 0.69% of their portfolio | 835.5k $184.2m | Added +344.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.24% of their portfolio | 821.3k $181.1m | Reduced -21.7k |
| PineStone Asset Management Inc. 1.92% of their portfolio | 821.1k $181.0m | Added +273.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.33% of their portfolio | 803.9k $177.2m | Added +189.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.21% of their portfolio | 783.2k $172.7m | Added +67.2k |
| LPL Financial LLC 0.09% of their portfolio | 782.9k $172.6m | Added +54.2k |
| Aberdeen Group plc 0.33% of their portfolio | 778.7k $171.7m | Added +93.4k |
| Pictet Asset Management Holding SA 0.20% of their portfolio | 773.4k $170.5m | Reduced -43.0k |
| RAYMOND JAMES & ASSOCIATES 0.11% of their portfolio | 771.3k $170.0m | Added +14.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.18% of their portfolio | 765.5k $168.8m | Added +153.5k |
| BROWN ADVISORY INC 0.21% of their portfolio | 735.9k $162.2m | Added +3.8k |
| MARSHALL WACE, LLP 0.23% of their portfolio | 735.6k $162.2m | Added +463.6k |
| FIL Ltd 0.16% of their portfolio | 732.2k $161.4m | Added +72.2k |
| JANE STREET GROUP, LLC 0.17% of their portfolio | 706.3k $155.7m | Added +646.5k |
| STIFEL FINANCIAL CORP 0.17% of their portfolio | 704.4k $155.3m | Added +1.8k |
| NEUBERGER BERMAN GROUP LLC 0.13% of their portfolio | 691.3k $152.4m | Reduced -132.6k |
| Magellan Asset Management Ltd 1.43% of their portfolio | 683.1k $150.6m | Reduced -115.9k |
| Markel Group Inc. 1.47% of their portfolio | 676.0k $149.0m | Added +12.5k |
| Coho Partners, Ltd. 5.00% of their portfolio | 650.8k $143.5m | Reduced -209.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 630.4k $139.0m | Reduced -6.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.08% of their portfolio | 624.8k $137.7m | Reduced -22.9k |
| Canoe Financial LP 2.84% of their portfolio | 602.2k $153.4m | Unchanged |
| TRUIST FINANCIAL CORP 0.20% of their portfolio | 601.1k $132.5m | Reduced -17.6k |
| CITIGROUP INC 0.13% of their portfolio | 598.5k $132.0m | Added +86.0k |
| CANADA LIFE ASSURANCE Co 0.25% of their portfolio | 598.5k $132.0m | Added +20.6k |
| Pathstone Holdings, LLC 0.59% of their portfolio | 589.1k $129.9m | Added +14.3k |
| Cullen Capital Management, LLC 1.49% of their portfolio | 587.0k $129.4m | Reduced -30.3k |
| BARTLETT & CO. WEALTH MANAGEMENT LLC 1.91% of their portfolio | 571.6k $126.0m | Reduced -6.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.25% of their portfolio | 565.4k $124.7m | Reduced -117.1k |
| CAPTRUST FINANCIAL ADVISORS 0.40% of their portfolio | 560.9k $123.7m | Reduced -163.4k |
| NorthCoast Asset Management LLC 1.05% of their portfolio | 558.0k $123.0m | Added +5.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.26% of their portfolio | 553.4k $122.0m | Reduced -32.2k |
| Fisher Asset Management, LLC 0.05% of their portfolio | 541.2k $119.3m | Reduced -11.1k |
| Two Creeks Capital Management, LP 7.40% of their portfolio | 539.9k $119.0m | Added +12.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.11% of their portfolio | 508.7k $112.1m | Added +176.0k |
| DAVENPORT & Co LLC 0.71% of their portfolio | 505.7k $111.4m | Reduced -4.0k |