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 ($370.1m this quarter). Holder counts are more reliable. Shares outstanding: 567.3m as of 2024-08-27, 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 ≈ $269.55. Options: 58 managers hold calls ($1.6bn notional), 58 hold puts ($1.7bn).
Trends to Q3 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 |
| Q3 2024 | 2,556 |
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 |
| Q3 2024 | 1,112 | 1,117 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $1.1bn | $1.1bn | 0.99 |
| Q1 2024 | $1.4bn | $1.6bn | 1.10 |
| Q2 2024 | $1.2bn | $1.1bn | 0.90 |
| Q3 2024 | $1.6bn | $1.7bn | 1.03 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +2.6m |
| FMR LLC | Added | +2.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +2.1m |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Added | +2.0m |
| BANK OF AMERICA CORP /DE/ | Added | +795.4k |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +681.0k |
| BARCLAYS PLC | Added | +571.1k |
| STATE STREET CORP | Added | +460.9k |
| VANGUARD GROUP INC | Added | +449.3k |
| Skandinaviska Enskilda Banken AB (publ) | Added | +400.6k |
Biggest sellers
| Strategic Financial Concepts, LLC | Reduced | -1.2m |
| APG Asset Management N.V. | Reduced | -1.0m |
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -870.1k |
| LORD, ABBETT & CO. LLC | Reduced | -784.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -549.1k |
| WELLS FARGO & COMPANY/MN | Reduced | -531.1k |
| JANE STREET GROUP, LLC | Reduced | -528.9k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -509.0k |
| MARSHALL WACE, LLP | Reduced | -491.3k |
| Soroban Capital Partners LP | Reduced | -425.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $257.4m950.5k shares |
| CITADEL ADVISORS LLC | Reduced | $226.9m837.6k shares |
| Parallax Volatility Advisers, L.P. | Added | $106.8m394.4k shares |
| BARCLAYS PLC | Reduced | $89.4m330.2k shares |
| SIMPLEX TRADING, LLC | Added | $82.4m304.4k shares |
| Twin Tree Management, LP | Added | $79.1m292.2k shares |
| ROYAL BANK OF CANADA | New | $67.7m250.0k shares |
| JANE STREET GROUP, LLC | Added | $67.2m248.1k shares |
| IMC-Chicago, LLC | Reduced | $65.5m241.9k shares |
| UBS Group AG | Added | $61.4m226.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $393.9m1.5m shares |
| CITADEL ADVISORS LLC | Added | $261.4m965.2k shares |
| UBS Group AG | Added | $106.9m394.5k shares |
| IMC-Chicago, LLC | Added | $95.9m354.2k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $92.3m340.6k shares |
| JANE STREET GROUP, LLC | Added | $76.4m282.0k shares |
| SIMPLEX TRADING, LLC | Added | $70.6m364.8k shares |
| Eisler Capital (UK) Ltd. | Added | $66.1m244.1k shares |
| Walleye Trading LLC | Added | $53.4m197.2k shares |
| JPMORGAN CHASE & CO | Reduced | $44.5m164.4k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2024 | 0 | — | 1 | $1.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-09-12 | Griggs Dan Clayton Jr SVP, Tax & CAO | Sold | $1.7m6.8k 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, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.26% of their portfolio | 54.4m $14.7bn | Added +449.3k |
| JPMORGAN CHASE & CO 0.57% of their portfolio | 52.6m $14.2bn | Added +2.6m |
| BlackRock, Inc. 0.22% of their portfolio | 38.9m $10.5bn | First filing |
| FMR LLC 0.43% of their portfolio | 26.0m $7.0bn | Added +2.4m |
| STATE STREET CORP 0.28% of their portfolio | 25.0m $6.8bn | Added +460.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.26% of their portfolio | 11.7m $3.2bn | Added +187.5k |
| BANK OF AMERICA CORP /DE/ 0.26% of their portfolio | 10.8m $2.9bn | Added +795.4k |
| WELLS FARGO & COMPANY/MN 0.69% of their portfolio | 10.5m $2.9bn | Reduced -531.1k |
| MORGAN STANLEY 0.20% of their portfolio | 10.2m $2.8bn | Reduced -39.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.61% of their portfolio | 7.5m $2.0bn | Reduced -125.6k |
| NORGES BANK 0.27% of their portfolio | 7.2m $1.9bn | Reduced -23.9k |
| NORTHERN TRUST CORP 0.27% of their portfolio | 6.1m $1.6bn | Reduced -328.4k |
| Invesco Ltd. 0.26% of their portfolio | 5.0m $1.4bn | Added +183.5k |
| GOLDMAN SACHS GROUP INC 0.25% of their portfolio | 4.8m $1.3bn | Added +253.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.33% of their portfolio | 4.7m $1.3bn | Reduced -86.3k |
| Legal & General Group Plc 0.29% of their portfolio | 4.0m $1.1bn | Reduced -87.8k |
| Aristotle Capital Management, LLC 1.91% of their portfolio | 3.9m $1.1bn | Reduced -43.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.12% of their portfolio | 3.8m $1.0bn | Added +2.1m |
| Bank of New York Mellon Corp 0.19% of their portfolio | 3.8m $1.0bn | Reduced -101.7k |
| Nuveen Asset Management, LLC 0.28% of their portfolio | 3.6m $984.0m | Reduced -174.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.17% of their portfolio | 3.4m $912.5m | Added +40.0k |
| FRANKLIN RESOURCES INC 0.26% of their portfolio | 3.3m $927.4m | Reduced -313.3k |
| BARCLAYS PLC 0.34% of their portfolio | 2.9m $782.2m | Added +571.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.76% of their portfolio | 2.7m $741.2m | Reduced -180.1k |
| AMERIPRISE FINANCIAL INC 0.18% of their portfolio | 2.6m $704.2m | Reduced -19.9k |
| UBS Group AG 0.18% of their portfolio | 2.4m $643.5m | Added +6.8k |
| ONTARIO TEACHERS PENSION PLAN BOARD 5.71% of their portfolio | 2.3m $634.7m | Added +36.1k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.63% of their portfolio | 2.3m $610.7m | Added +54.6k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.46% of their portfolio | 2.1m $167.3k | Added +2.0m |
| SALEM INVESTMENT COUNSELORS INC 17.32% of their portfolio | 2.1m $575.2m | Reduced -75.0k |
| BESSEMER GROUP INC 0.87% of their portfolio | 1.9m $525.5m | Added +1.3k |
| ROYAL BANK OF CANADA 0.11% of their portfolio | 1.8m $498.8m | Added +234.3k |
| Swiss National Bank 0.30% of their portfolio | 1.7m $458.1m | Reduced -2.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.47% of their portfolio | 1.7m $456.9m | Added +681.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.38% of their portfolio | 1.7m $452.9m | Reduced -549.1k |
| Amundi 0.16% of their portfolio | 1.6m $444.5m | Reduced -334.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.14% of their portfolio | 1.6m $434.9m | Reduced -12.3k |
| LONDON CO OF VIRGINIA 2.19% of their portfolio | 1.5m $416.7m | Reduced -105.7k |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 1.5m $396.2m | Reduced -30.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.35% of their portfolio | 1.5m $395.2m | Reduced -39.7k |
| MACQUARIE GROUP LTD 0.41% of their portfolio | 1.4m $378.6m | Reduced -237.3k |
| FIRST MANHATTAN CO. LLC. 1.12% of their portfolio | 1.4m $377.5m | Added +6.9k |
| DEUTSCHE BANK AG\ 0.15% of their portfolio | 1.4m $368.4m | Added +102.5k |
| California Public Employees Retirement System 0.25% of their portfolio | 1.3m $364.5m | Reduced -76.2k |
| HSBC HOLDINGS PLC 0.22% of their portfolio | 1.3m $358.9m | Reduced -204.0k |
| AMERICAN CENTURY COMPANIES INC 0.21% of their portfolio | 1.3m $354.5m | Reduced -81.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.24% of their portfolio | 1.3m $350.9m | Added +14.9k |
| ALLIANCEBERNSTEIN L.P. 0.11% of their portfolio | 1.2m $327.9m | Added +43.0k |
| RHUMBLINE ADVISERS 0.28% of their portfolio | 1.1m $309.5m | Added +18.8k |
| National Pension Service 0.30% of their portfolio | 1.1m $308.2m | Added +126.1k |
| BANK OF MONTREAL /CAN/ 0.12% of their portfolio | 969.7k $259.0m | Added +49.1k |
| M&G PLC 1.30% of their portfolio | 937.9k $254.2m | Reduced -10.0k |
| FIL Ltd 0.23% of their portfolio | 933.2k $252.8m | Added +201.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.29% of their portfolio | 923.0k $250.0m | Reduced -6.2k |
| Haverford Trust Co 2.42% of their portfolio | 918.3k $248.7m | Reduced -8.3k |
| PRUDENTIAL FINANCIAL INC 0.33% of their portfolio | 870.4k $235.7m | Reduced -116.4k |
| Maj Invest Holding A/S 6.11% of their portfolio | 850.8k $230.4m | Reduced -12.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.25% of their portfolio | 848.3k $229.8m | Added +65.1k |
| ProShare Advisors LLC 0.56% of their portfolio | 836.1k $226.5m | Added +213 |
| Fiera Capital Corp 0.68% of their portfolio | 831.7k $225.3m | Reduced -34.0k |
| HighTower Advisors, LLC 0.32% of their portfolio | 822.7k $222.9m | Reduced -23.1k |
| PineStone Asset Management Inc. 2.14% of their portfolio | 817.6k $221.4m | Reduced -3.5k |
| LPL Financial LLC 0.10% of their portfolio | 813.6k $220.4m | Added +30.7k |
| Allen Investment Management, LLC 2.61% of their portfolio | 811.8k $219.9m | Reduced -45.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.29% of their portfolio | 797.8k $216.1m | Reduced -23.5k |
| LORD, ABBETT & CO. LLC 0.68% of their portfolio | 789.0k $213.7m | Reduced -784.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.21% of their portfolio | 786.0k $212.9m | Added +20.6k |
| RAYMOND JAMES & ASSOCIATES 0.13% of their portfolio | 774.6k $209.8m | Added +3.2k |
| Squarepoint Ops LLC 0.68% of their portfolio | 764.7k $207.1m | Reduced -70.9k |
| Pictet Asset Management Holding SA 0.22% of their portfolio | 748.1k $202.6m | Reduced -25.4k |
| BROWN ADVISORY INC 0.25% of their portfolio | 734.2k $198.9m | Reduced -1.7k |
| Aberdeen Group plc 0.36% of their portfolio | 733.9k $197.9m | Reduced -44.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 721.1k $195.3m | Added +90.8k |
| Soroban Capital Partners LP 2.70% of their portfolio | 720.1k $195.0m | Reduced -425.2k |
| STIFEL FINANCIAL CORP 0.20% of their portfolio | 693.4k $187.8m | Reduced -11.0k |
| Markel Group Inc. 1.68% of their portfolio | 690.5k $187.0m | Added +14.5k |
| Magellan Asset Management Ltd 1.78% of their portfolio | 659.9k $178.7m | Reduced -23.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.10% of their portfolio | 649.6k $175.9m | Added +24.8k |
| CANADA LIFE ASSURANCE Co 0.29% of their portfolio | 603.6k $163.7m | Added +5.1k |
| Pathstone Holdings, LLC 0.71% of their portfolio | 589.0k $159.5m | Reduced -159 |
| TRUIST FINANCIAL CORP 0.25% of their portfolio | 588.0k $159.2m | Reduced -13.1k |
| Cullen Capital Management, LLC 1.72% of their portfolio | 584.1k $158.2m | Reduced -2.9k |
| Canoe Financial LP 3.65% of their portfolio | 569.0k $152.0m | Reduced -33.2k |
| Russell Investments Group, Ltd. 0.22% of their portfolio | 568.4k $153.7m | Added +64.2k |
| Coho Partners, Ltd. 5.61% of their portfolio | 567.3k $153.7m | Reduced -83.5k |
| BARTLETT & CO. WEALTH MANAGEMENT LLC 2.19% of their portfolio | 563.3k $152.6m | Reduced -8.3k |
| CAPTRUST FINANCIAL ADVISORS 0.45% of their portfolio | 560.9k $151.9m | Reduced -32 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.29% of their portfolio | 553.6k $149.9m | Reduced -11.8k |
| Two Creeks Capital Management, LP 9.71% of their portfolio | 543.9k $147.3m | Added +4.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.14% of their portfolio | 536.5k $145.3m | Added +52.9k |
| Public Sector Pension Investment Board 0.78% of their portfolio | 532.2k $144.1m | Added +53.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.25% of their portfolio | 531.1k $143.9m | Reduced -272.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.30% of their portfolio | 528.3k $143.1m | Reduced -25.1k |
| NorthCoast Asset Management LLC 0.98% of their portfolio | 527.1k $139.0m | Reduced -30.9k |
| Skandinaviska Enskilda Banken AB (publ) 0.65% of their portfolio | 522.4k $141.5m | Added +400.6k |
| Ensign Peak Advisors, Inc 0.25% of their portfolio | 515.3k $139.6m | Added +60.7k |
| SEI INVESTMENTS CO 0.18% of their portfolio | 513.3k $139.0m | Added +32.8k |
| NATIXIS ADVISORS, LLC 0.27% of their portfolio | 506.1k $137.1m | Added +40.1k |
| Fisher Asset Management, LLC 0.06% of their portfolio | 505.0k $136.8m | Reduced -36.2k |
| COMMERCE BANK 0.82% of their portfolio | 495.9k $134.3m | Reduced -208 |