MCDONALDS CORP MCD
COM · Common Stock · CUSIP 580135101 · ISIN US5801351017
American fast food restaurant chain
- SectorConsumer discretionary
- IndustryRetail-Eating Places
- HeadquartersChicago, IL
- Founded1940
- Websitemcdonalds.com
- FilingsSEC EDGAR
* 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 ($701.5m this quarter). Holder counts are more reliable. Shares outstanding: 713.6m as of 2025-06-30, 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 ≈ $286.23. Options: 69 managers hold calls ($2.7bn notional), 68 hold puts ($2.7bn).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,703 |
| Q4 2022 | 2,926 |
| Q1 2023 | 2,952 |
| Q2 2023 | 3,010 |
| Q3 2023 | 3,002 |
| Q4 2023 | 3,191 |
| Q1 2024 | 3,173 |
| Q2 2024 | 3,088 |
| Q3 2024 | 3,171 |
| Q4 2024 | 3,391 |
| Q1 2025 | 3,424 |
| Q2 2025 | 3,424 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 1,345 | 1,295 |
| Q4 2023 | 1,422 | 1,280 |
| Q1 2024 | 1,381 | 1,467 |
| Q2 2024 | 1,306 | 1,534 |
| Q3 2024 | 1,391 | 1,428 |
| Q4 2024 | 1,401 | 1,383 |
| Q1 2025 | 1,576 | 1,496 |
| Q2 2025 | 1,514 | 1,513 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $3.3bn | $2.9bn | 0.90 |
| Q4 2024 | $3.2bn | $3.4bn | 1.05 |
| Q1 2025 | $2.8bn | $2.6bn | 0.91 |
| Q2 2025 | $2.7bn | $2.7bn | 0.99 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +7.7m |
| BROADWATER CAPITAL MANAGEMENT LLC | Added | +6.0m |
| Soundwatch Capital LLC | New | +4.8m |
| CITADEL ADVISORS LLC | Added | +2.6m |
| VIKING GLOBAL INVESTORS LP | Added | +2.0m |
| Amundi | Added | +2.0m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.8m |
| Qube Research & Technologies Ltd | New | +1.1m |
| VANGUARD GROUP INC | Added | +921.9k |
| Point72 Asset Management, L.P. | New | +897.3k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -3.4m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -2.9m |
| BANK OF AMERICA CORP /DE/ | Reduced | -2.2m |
| Capital Research Global Investors | Reduced | -1.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.6m |
| MORGAN STANLEY | Reduced | -1.5m |
| UBS Group AG | Reduced | -1.3m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -1.2m |
| Capital World Investors | Reduced | -1.2m |
| California Public Employees Retirement System | Reduced | -978.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $443.3m1.5m shares |
| Squarepoint Ops LLC | Added | $376.5m1.3m shares |
| CITADEL ADVISORS LLC | Reduced | $306.7m1.0m shares |
| JANE STREET GROUP, LLC | Added | $205.6m703.8k shares |
| IMC-Chicago, LLC | Added | $176.9m605.6k shares |
| WOLVERINE TRADING, LLC | Added | $100.0m342.9k shares |
| UBS Group AG | Reduced | $95.4m326.6k shares |
| Twin Tree Management, LP | Added | $85.5m292.8k shares |
| SIMPLEX TRADING, LLC | Added | $81.6m279.4k shares |
| ROYAL BANK OF CANADA | New | $78.9m270.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $647.7m2.2m shares |
| CITIGROUP INC | Added | $306.3m1.0m shares |
| CITADEL ADVISORS LLC | Added | $284.9m975.0k shares |
| JANE STREET GROUP, LLC | Added | $169.5m580.0k shares |
| IMC-Chicago, LLC | Added | $157.3m538.3k shares |
| BARCLAYS PLC | Reduced | $147.4m504.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $96.7m331.1k shares |
| WOLVERINE TRADING, LLC | Added | $72.0m246.9k shares |
| BANK OF AMERICA CORP /DE/ | Added | $56.1m191.9k shares |
| UBS Group AG | Reduced | $53.5m183.0k 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% |
| STATE STREET CORP 13G · institution +0.1 pts · filed 2026-08-07 | 5.1% |
Fell to 5% or below in the last year: JPMORGAN CHASE & CO (4.3%, 2026-07-22), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 5 | $6.7m | $4.2m |
| Q4 2023 | 0 | — | 3 | $7.6m | $5.1m |
| Q1 2024 | 0 | — | 4 | $3.5m | $1.9m |
| Q2 2024 | 0 | — | 2 | $1.1m | $880.6k |
| Q3 2024 | 0 | — | 4 | $13.4m | $13.4m |
| Q4 2024 | 0 | — | 4 | $4.1m | $4.1m |
| Q1 2025 | 0 | — | 7 | $12.5m | $1.0m |
| Q2 2025 | 0 | — | 2 | $2.8m | $865.8k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-23 | Erlinger Joseph M. President, McDonald's USA | Sold plan | $270.9k939 shares |
| 2025-05-23 | Erlinger Joseph M. President, McDonald's USA | Sold plan | $295.9k939 shares |
| 2025-05-20 | Steijaert Manuel JM EVP - President, IOM | Sold | $1.9m6.0k shares |
| 2025-04-23 | Erlinger Joseph M. President, McDonald's USA | Sold plan | $299.1k939 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, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.34% of their portfolio | 71.3m $20.8bn | Added +921.9k |
| BlackRock, Inc. 0.29% of their portfolio | 51.9m $15.2bn | Reduced -724.0k |
| STATE STREET CORP 0.38% of their portfolio | 34.8m $10.2bn | Added +272.1k |
| JPMORGAN CHASE & CO 0.69% of their portfolio | 34.1m $10.0bn | Reduced -3.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.34% of their portfolio | 16.8m $4.9bn | Added +276.1k |
| MORGAN STANLEY 0.31% of their portfolio | 16.1m $4.7bn | Reduced -1.5m |
| ROYAL BANK OF CANADA 0.41% of their portfolio | 14.5m $4.2bn | Added +7.7m |
| BANK OF AMERICA CORP /DE/ 0.30% of their portfolio | 12.7m $3.7bn | Reduced -2.2m |
| NORGES BANK 0.35% of their portfolio | 9.5m $2.8bn | Added +521.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.48% of their portfolio | 9.0m $2.6bn | Reduced -2.9m |
| NORTHERN TRUST CORP 0.35% of their portfolio | 8.7m $2.6bn | Reduced -221.3k |
| WELLS FARGO & COMPANY/MN 0.53% of their portfolio | 8.2m $2.4bn | Added +46.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.26% of their portfolio | 7.8m $2.3bn | Reduced -1.6m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.41% of their portfolio | 6.9m $2.0bn | Added +1.8m |
| Capital Research Global Investors 0.40% of their portfolio | 6.9m $2.0bn | Reduced -1.9m |
| BROADWATER CAPITAL MANAGEMENT LLC 4.65% of their portfolio | 6.0m $6.0m | Added +6.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.27% of their portfolio | 5.4m $1.6bn | Reduced -285.2k |
| Bank of New York Mellon Corp 0.30% of their portfolio | 5.4m $1.6bn | Reduced -297.2k |
| UBS Group AG 0.31% of their portfolio | 5.0m $1.5bn | Reduced -1.3m |
| Soundwatch Capital LLC 0.82% of their portfolio | 4.8m $4.8m | New |
| Gallagher Fiduciary Advisors, LLC 53.16% of their portfolio | 4.7m $1.4bn | Reduced -137.0k |
| Legal & General Group Plc 0.32% of their portfolio | 4.5m $1.3bn | Added +41.1k |
| AMERIPRISE FINANCIAL INC 0.32% of their portfolio | 4.4m $1.3bn | Reduced -111.2k |
| GOLDMAN SACHS GROUP INC 0.20% of their portfolio | 4.3m $1.2bn | Reduced -598.2k |
| Invesco Ltd. 0.21% of their portfolio | 4.1m $1.2bn | Reduced -537.9k |
| Amundi 0.41% of their portfolio | 4.0m $1.2bn | Added +2.0m |
| Nuveen, LLC 0.29% of their portfolio | 3.6m $1.1bn | Reduced -635.9k |
| FMR LLC 0.06% of their portfolio | 3.5m $1.0bn | Added +33.6k |
| BARCLAYS PLC 0.38% of their portfolio | 3.3m $950.1m | Reduced -131.0k |
| FRANKLIN RESOURCES INC 0.25% of their portfolio | 3.2m $940.1m | Reduced -867.5k |
| VIKING GLOBAL INVESTORS LP 2.64% of their portfolio | 3.1m $913.2m | Added +2.0m |
| Fayez Sarofim & Co 1.94% of their portfolio | 2.7m $807.0m | Reduced -36.2k |
| DEUTSCHE BANK AG\ 0.29% of their portfolio | 2.7m $787.2m | Added +201.6k |
| CITADEL ADVISORS LLC 0.67% of their portfolio | 2.7m $777.6m | Added +2.6m |
| PNC Financial Services Group, Inc. 0.49% of their portfolio | 2.6m $757.5m | Reduced -32.1k |
| California Public Employees Retirement System 0.46% of their portfolio | 2.5m $723.8m | Reduced -978.8k |
| RAYMOND JAMES FINANCIAL INC 0.24% of their portfolio | 2.4m $691.3m | Reduced -33.5k |
| Swiss National Bank 0.38% of their portfolio | 2.2m $632.5m | Added +143.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.37% of their portfolio | 2.0m $598.7m | Added +23.0k |
| NEUBERGER BERMAN GROUP LLC 0.42% of their portfolio | 1.9m $544.9m | Added +4.7k |
| DIMENSIONAL FUND ADVISORS LP 0.12% of their portfolio | 1.8m $521.2m | Added +3.8k |
| LAZARD ASSET MANAGEMENT LLC 0.70% of their portfolio | 1.7m $511.1m | Added +50.8k |
| Capital Wealth Planning, LLC 3.71% of their portfolio | 1.6m $470.4m | Added +400.6k |
| HSBC HOLDINGS PLC 0.30% of their portfolio | 1.6m $463.1m | Reduced -113.6k |
| BANQUE PICTET & CIE SA 4.80% of their portfolio | 1.6m $461.1m | Reduced -61.7k |
| Capital World Investors 0.06% of their portfolio | 1.5m $446.8m | Reduced -1.2m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.35% of their portfolio | 1.5m $439.2m | Added +91.6k |
| National Pension Service 0.38% of their portfolio | 1.5m $436.9m | Reduced -114.4k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.43% of their portfolio | 1.4m $414.4m | Added +102.2k |
| LPL Financial LLC 0.13% of their portfolio | 1.4m $399.7m | Added +56.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio | 1.3m $393.4m | Added +47.8k |
| 1832 Asset Management L.P. 0.68% of their portfolio | 1.3m $392.6m | Reduced -49.5k |
| RHUMBLINE ADVISERS 0.33% of their portfolio | 1.3m $387.2m | Reduced -35.4k |
| BANK OF MONTREAL /CAN/ 0.19% of their portfolio | 1.3m $376.6m | Reduced -157.5k |
| ALLIANCEBERNSTEIN L.P. 0.12% of their portfolio | 1.3m $370.6m | Reduced -23.9k |
| CITIGROUP INC 0.25% of their portfolio | 1.2m $363.0m | Reduced -208.8k |
| HighTower Advisors, LLC 0.45% of their portfolio | 1.2m $362.3m | Added +2.2k |
| TD Asset Management Inc 0.31% of their portfolio | 1.2m $361.9m | Reduced -192.2k |
| CANADA LIFE ASSURANCE Co 0.57% of their portfolio | 1.2m $361.1m | Added +15.2k |
| Rockefeller Capital Management L.P. 0.40% of their portfolio | 1.2m $345.1m | Added +622.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.37% of their portfolio | 1.1m $335.1m | Reduced -2.4k |
| CIBC Private Wealth Group LLC 0.60% of their portfolio | 1.1m $333.2m | Added +4.6k |
| STIFEL FINANCIAL CORP 0.32% of their portfolio | 1.1m $329.6m | Added +6.3k |
| Qube Research & Technologies Ltd 0.46% of their portfolio | 1.1m $328.4m | New |
| Swedbank AB 0.36% of their portfolio | 1.1m $318.6m | First filing |
| Bahl & Gaynor LLC 1.59% of their portfolio | 1.1m $314.9m | Reduced -20.1k |
| DekaBank Deutsche Girozentrale 0.53% of their portfolio | 1.0m $298.7m | Reduced -84.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.20% of their portfolio | 980.4k $286.5m | Added +207.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.24% of their portfolio | 978.5k $285.9m | Added +4.6k |
| US BANCORP \DE\ 0.36% of their portfolio | 966.3k $282.3m | Reduced -16.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.36% of their portfolio | 929.5k $271.6m | Reduced -16.6k |
| Corient Private Wealth LP 0.35% of their portfolio | 906.7k $264.9m | Reduced -30.7k |
| Point72 Asset Management, L.P. 0.62% of their portfolio | 897.3k $262.2m | New |
| NATIONAL BANK OF CANADA /FI/ 0.27% of their portfolio | 853.8k $249.5m | Added +479.1k |
| NATIXIS ADVISORS, LLC 0.39% of their portfolio | 843.4k $246.4m | Added +43.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.21% of their portfolio | 835.9k $244.2m | Added +249.4k |
| Mariner, LLC 0.34% of their portfolio | 805.7k $235.4m | Added +53.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.12% of their portfolio | 805.0k $235.2m | Reduced -27.3k |
| MACKENZIE FINANCIAL CORP 0.29% of their portfolio | 777.8k $227.2m | Reduced -117.1k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.39% of their portfolio | 749.2k $218.9m | Added +46.7k |
| ProShare Advisors LLC 0.42% of their portfolio | 728.7k $212.9m | Reduced -89.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.36% of their portfolio | 694.6k $203.0m | Added +9.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.12% of their portfolio | 638.0k $186.4m | Added +106.1k |
| D. E. Shaw & Co., Inc. 0.18% of their portfolio | 621.5k $181.6m | Added +620.2k |
| FIRST MANHATTAN CO. LLC. 0.51% of their portfolio | 618.1k $180.6m | Reduced -2.6k |
| JANE STREET GROUP, LLC 0.29% of their portfolio | 609.0k $177.9m | Added +391.2k |
| Assenagon Asset Management S.A. 0.28% of their portfolio | 607.1k $177.4m | Added +408.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.16% of their portfolio | 590.3k $172.0m | Added +12.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.15% of their portfolio | 570.8k $166.8m | Reduced -212.8k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.22% of their portfolio | 564.3k $164.9m | Reduced -27.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.34% of their portfolio | 564.1k $164.8m | Added +1.8k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.40% of their portfolio | 560.0k $163.6m | Added +150.4k |
| FIFTH THIRD BANCORP 0.55% of their portfolio | 548.7k $160.3m | Added +3.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.24% of their portfolio | 546.0k $159.5m | Added +329.9k |
| Baird Financial Group, Inc. 0.28% of their portfolio | 538.7k $157.4m | Reduced -4.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.58% of their portfolio | 538.4k $157.3m | Added +339.6k |
| Aberdeen Group plc 0.27% of their portfolio | 537.4k $156.9m | Added +24.7k |
| AVIVA PLC 0.32% of their portfolio | 535.4k $156.4m | Added +33.0k |
| Korea Investment CORP 0.34% of their portfolio | 517.9k $151.3m | Reduced -14.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.25% of their portfolio | 509.4k $148.8m | Reduced -144.1k |