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 ($371.2m this quarter). Holder counts are more reliable. Shares outstanding: 559.7m as of 2025-03-20, 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 ≈ $233.00. Options: 50 managers hold calls ($1.3bn notional), 58 hold puts ($1.2bn).
Trends to Q1 2025
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 |
| Q4 2024 | 2,712 |
| Q1 2025 | 2,649 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 1,034 | 1,175 |
| Q1 2025 | 1,088 | 1,257 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $1.2bn | $1.1bn | 0.90 |
| Q3 2024 | $1.6bn | $1.7bn | 1.03 |
| Q4 2024 | $1.4bn | $1.7bn | 1.15 |
| Q1 2025 | $1.3bn | $1.2bn | 0.95 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +2.1m |
| Pacer Advisors, Inc. | Added | +2.0m |
| FRANKLIN RESOURCES INC | Added | +1.3m |
| BANK OF AMERICA CORP /DE/ | Added | +1.2m |
| FMR LLC | Added | +1.0m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +827.9k |
| BARCLAYS PLC | Added | +767.8k |
| Assenagon Asset Management S.A. | Added | +675.3k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +618.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +588.1k |
Biggest sellers
| ONTARIO TEACHERS PENSION PLAN BOARD | Reduced | -1.2m |
| STATE STREET CORP | Reduced | -828.9k |
| Amundi | Reduced | -806.3k |
| Soroban Capital Partners LP | Sold out | -720.1k |
| Allen Investment Management, LLC | Reduced | -642.6k |
| MIZUHO MARKETS AMERICAS LLC | Reduced | -485.6k |
| DEUTSCHE BANK AG\ | Reduced | -424.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -400.5k |
| Bristol Gate Capital Partners Inc. | Sold out | -362.5k |
| CITADEL ADVISORS LLC | Reduced | -334.4k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $369.0m1.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $268.4m1.2m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $79.7m341.7k shares |
| JANE STREET GROUP, LLC | Reduced | $58.6m251.2k shares |
| IMC-Chicago, LLC | Added | $57.0m244.5k shares |
| UBS Group AG | Reduced | $46.5m199.3k shares |
| WOLVERINE TRADING, LLC | Added | $46.3m202.7k shares |
| Squarepoint Ops LLC | Added | $29.8m127.8k shares |
| Portman Square Capital LLP | Added | $29.1m124.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $28.1m120.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $217.7m933.2k shares |
| CITADEL ADVISORS LLC | Reduced | $126.3m541.4k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $91.7m393.0k shares |
| UBS Group AG | Reduced | $67.7m290.3k shares |
| IMC-Chicago, LLC | Reduced | $59.4m254.5k shares |
| Qube Research & Technologies Ltd | Added | $51.2m219.5k shares |
| Portman Square Capital LLP | Added | $49.3m211.5k shares |
| Balyasny Asset Management L.P. | Added | $36.1m154.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $34.3m147.0k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $33.5m143.6k 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 Q1 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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| 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 | — |
| Q4 2024 | 1 | $245.5k | 4 | $11.7m | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.23% of their portfolio | 54.6m $12.7bn | Added +230.4k |
| BlackRock, Inc. 0.19% of their portfolio | 39.5m $9.2bn | Reduced -28.6k |
| JPMORGAN CHASE & CO 0.49% of their portfolio | 27.7m $6.5bn | Added +2.1m |
| FMR LLC 0.41% of their portfolio | 27.3m $6.4bn | Added +1.0m |
| STATE STREET CORP 0.24% of their portfolio | 24.7m $5.8bn | Reduced -828.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.23% of their portfolio | 12.3m $2.9bn | Added +330.3k |
| BANK OF AMERICA CORP /DE/ 0.23% of their portfolio | 10.9m $2.5bn | Added +1.2m |
| MORGAN STANLEY 0.18% of their portfolio | 10.7m $2.5bn | Added +364.1k |
| WELLS FARGO & COMPANY/MN 0.58% of their portfolio | 10.4m $2.4bn | Reduced -115.6k |
| NORGES BANK 0.25% of their portfolio | 7.6m $1.8bn | Added +84.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.54% of their portfolio | 7.0m $1.6bn | Reduced -168.6k |
| NORTHERN TRUST CORP 0.24% of their portfolio | 6.9m $1.6bn | Reduced -149.8k |
| Invesco Ltd. 0.23% of their portfolio | 5.2m $1.2bn | Added +501.2k |
| GOLDMAN SACHS GROUP INC 0.22% of their portfolio | 5.0m $1.2bn | Added +141.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.29% of their portfolio | 4.8m $1.1bn | Reduced -246.2k |
| FRANKLIN RESOURCES INC 0.31% of their portfolio | 4.6m $1.1bn | Added +1.3m |
| Bank of New York Mellon Corp 0.19% of their portfolio | 4.1m $953.2m | Reduced -100.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.11% of their portfolio | 3.8m $881.4m | Added +226.0k |
| Aristotle Capital Management, LLC 1.75% of their portfolio | 3.8m $876.4m | Reduced -94.7k |
| Legal & General Group Plc 0.24% of their portfolio | 3.7m $872.0m | Added +34.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.15% of their portfolio | 3.5m $816.7m | Added +42.7k |
| UBS Group AG 0.15% of their portfolio | 2.9m $681.7m | Added +231.8k |
| Nuveen, LLC 0.21% of their portfolio | 2.9m $681.2m | First filing |
| AMERIPRISE FINANCIAL INC 0.16% of their portfolio | 2.6m $602.7m | Added +135.2k |
| ROYAL BANK OF CANADA 0.11% of their portfolio | 2.1m $486.6m | Reduced -208.2k |
| Pacer Advisors, Inc. 1.13% of their portfolio | 2.0m $475.3m | Added +2.0m |
| BARCLAYS PLC 0.21% of their portfolio | 2.0m $464.3m | Added +767.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.08% of their portfolio | 1.9m $438.8m | Added +618.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.35% of their portfolio | 1.9m $435.5m | Added +588.1k |
| Amundi 0.15% of their portfolio | 1.8m $399.9m | Reduced -806.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.22% of their portfolio | 1.7m $392.4m | Added +827.9k |
| BESSEMER GROUP INC 0.70% of their portfolio | 1.7m $392.2m | Reduced -237.3k |
| Swiss National Bank 0.26% of their portfolio | 1.6m $371.4m | Reduced -10.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.36% of their portfolio | 1.6m $356.5m | Reduced -400.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio | 1.5m $356.7m | Reduced -25.9k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 1.4m $336.3m | Reduced -14.6k |
| LONDON CO OF VIRGINIA 1.88% of their portfolio | 1.4m $329.9m | Reduced -47.4k |
| HSBC HOLDINGS PLC 0.22% of their portfolio | 1.4m $328.8m | Reduced -121.5k |
| FIRST MANHATTAN CO. LLC. 0.96% of their portfolio | 1.4m $328.4m | Added +8.4k |
| SALEM INVESTMENT COUNSELORS INC 11.36% of their portfolio | 1.4m $326.1m | Reduced -31.8k |
| DEUTSCHE BANK AG\ 0.13% of their portfolio | 1.4m $324.5m | Reduced -424.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.30% of their portfolio | 1.4m $317.4m | Added +41.4k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.37% of their portfolio | 1.4m $315.8m | Reduced -21.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.21% of their portfolio | 1.3m $303.1m | Added +7.6k |
| RAYMOND JAMES FINANCIAL INC 0.11% of their portfolio | 1.3m $298.3m | Added +5.1k |
| National Pension Service 0.27% of their portfolio | 1.2m $280.1m | Added +69.6k |
| AMERICAN CENTURY COMPANIES INC 0.17% of their portfolio | 1.2m $277.5m | Reduced -162.1k |
| ALLIANCEBERNSTEIN L.P. 0.10% of their portfolio | 1.2m $276.1m | Added +45.3k |
| MACQUARIE GROUP LTD 0.32% of their portfolio | 1.1m $257.4m | Reduced -121.6k |
| California Public Employees Retirement System 0.18% of their portfolio | 1.1m $256.5m | Reduced -42.5k |
| RHUMBLINE ADVISERS 0.24% of their portfolio | 1.1m $256.2m | Reduced -30.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.22% of their portfolio | 1.0m $238.6m | Added +98.6k |
| FIL Ltd 0.22% of their portfolio | 972.9k $226.9m | Added +50.6k |
| NorthCoast Asset Management LLC 1.14% of their portfolio | 971.0k $226.5m | Reduced -31.9k |
| LPL Financial LLC 0.09% of their portfolio | 952.5k $222.1m | Added +72.9k |
| M&G PLC 1.04% of their portfolio | 932.6k $217.3m | Added +17.8k |
| CITIGROUP INC 0.16% of their portfolio | 927.6k $216.3m | Added +513.6k |
| PineStone Asset Management Inc. 1.62% of their portfolio | 921.1k $214.8m | Added +99.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.25% of their portfolio | 875.0k $204.1m | Reduced -8.7k |
| Haverford Trust Co 2.02% of their portfolio | 862.1k $201.1m | Reduced -38.1k |
| LORD, ABBETT & CO. LLC 0.69% of their portfolio | 828.9k $193.3m | Reduced -4.1k |
| PRUDENTIAL FINANCIAL INC 0.27% of their portfolio | 820.5k $191.4m | Reduced -96.6k |
| Squarepoint Ops LLC 0.47% of their portfolio | 818.1k $190.8m | Added +108.8k |
| BANK OF MONTREAL /CAN/ 0.10% of their portfolio | 785.7k $183.2m | Reduced -104.7k |
| Pictet Asset Management Holding SA 0.20% of their portfolio | 777.9k $181.4m | Added +44.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.26% of their portfolio | 764.3k $178.3m | Reduced -27.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.13% of their portfolio | 751.0k $175.2m | First filing |
| HighTower Advisors, LLC 0.24% of their portfolio | 748.6k $174.6m | Reduced -22.2k |
| Assenagon Asset Management S.A. 0.31% of their portfolio | 739.7k $172.5m | Added +675.3k |
| ProShare Advisors LLC 0.39% of their portfolio | 735.7k $171.6m | Reduced -38.5k |
| Fiera Capital Corp 0.60% of their portfolio | 708.8k $165.3m | Reduced -89.3k |
| Markel Group Inc. 1.47% of their portfolio | 708.2k $165.2m | Added +6.8k |
| Maj Invest Holding A/S 5.93% of their portfolio | 703.6k $164.1m | Reduced -39.8k |
| Robeco Institutional Asset Management B.V. 0.32% of their portfolio | 701.8k $163.7m | Added +43.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.30% of their portfolio | 688.3k $160.5m | Added +44.4k |
| BROWN ADVISORY INC 0.23% of their portfolio | 678.4k $158.2m | Reduced -6.3k |
| ALKEON CAPITAL MANAGEMENT LLC 0.90% of their portfolio | 648.6k $151.3m | Added +199.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.08% of their portfolio | 645.1k $150.5m | Added +2.5k |
| STIFEL FINANCIAL CORP 0.16% of their portfolio | 639.0k $149.0m | Reduced -28.8k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.29% of their portfolio | 617.8k $144.1m | Reduced -26.6k |
| Aberdeen Group plc 0.27% of their portfolio | 605.3k $140.1m | Reduced -107.3k |
| CAPTRUST FINANCIAL ADVISORS 0.34% of their portfolio | 577.9k $134.8m | Added +13.3k |
| OMERS ADMINISTRATION Corp 1.16% of their portfolio | 568.7k $132.6m | Reduced -3.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.14% of their portfolio | 566.4k $132.1m | Added +27.0k |
| NATIXIS ADVISORS, LLC 0.24% of their portfolio | 551.1k $128.5m | Added +26.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.25% of their portfolio | 546.0k $127.4m | Unchanged |
| Cullen Capital Management, LLC 1.47% of their portfolio | 544.0k $126.9m | Reduced -14.7k |
| CANADA LIFE ASSURANCE Co 0.22% of their portfolio | 541.8k $126.6m | Added +3.8k |
| SEI INVESTMENTS CO 0.16% of their portfolio | 539.4k $125.8m | Added +20.1k |
| BARTLETT & CO. WEALTH MANAGEMENT LLC 1.83% of their portfolio | 532.8k $124.3m | Reduced -12.0k |
| TRUIST FINANCIAL CORP 0.20% of their portfolio | 531.3k $123.9m | Reduced -17.7k |
| Russell Investments Group, Ltd. 0.17% of their portfolio | 519.2k $120.8m | Reduced -38.4k |
| COMMERCE BANK 0.74% of their portfolio | 498.9k $116.4m | Added +743 |
| Mariner, LLC 0.19% of their portfolio | 498.0k $116.1m | Added +9.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.27% of their portfolio | 493.2k $115.0m | Reduced -17.3k |
| Public Sector Pension Investment Board 0.49% of their portfolio | 489.4k $114.1m | Added +36.8k |
| Ensign Peak Advisors, Inc 0.21% of their portfolio | 480.2k $112.0m | Reduced -22.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.47% of their portfolio | 460.4k $107.4m | Added +164.5k |
| GREAT LAKES ADVISORS, LLC 0.96% of their portfolio | 459.2k $106.8m | Reduced -13.7k |
| Fisher Asset Management, LLC 0.05% of their portfolio | 458.3k $106.9m | Reduced -22.1k |