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 ($835.9m this quarter). Holder counts are more reliable. Shares outstanding: 710.4m as of 2026-01-31, 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 ≈ $303.62. Options: 56 managers hold calls ($2.4bn notional), 57 hold puts ($2.4bn).
Trends to Q4 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 |
| Q3 2025 | 3,422 |
| Q4 2025 | 3,581 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q3 2025 | 1,593 | 1,420 |
| Q4 2025 | 1,496 | 1,533 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $2.8bn | $2.6bn | 0.91 |
| Q2 2025 | $2.7bn | $2.7bn | 0.99 |
| Q3 2025 | $2.8bn | $2.7bn | 0.98 |
| Q4 2025 | $2.4bn | $2.4bn | 1.03 |
Biggest buyers
| J. Stern & Co. LLP | Added | +2.5m |
| D. E. Shaw & Co., Inc. | Added | +1.7m |
| Corient Private Wealth LP | Added | +1.7m |
| BlackRock, Inc. | Added | +1.4m |
| HSBC HOLDINGS PLC | Added | +1.4m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.0m |
| STATE STREET CORP | Added | +959.1k |
| Holocene Advisors, LP | Added | +916.6k |
| VANGUARD GROUP INC | Added | +703.5k |
| GOLDMAN SACHS GROUP INC | Added | +653.3k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -36.6m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -2.8m |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -919.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -805.9k |
| WORLDQUANT MILLENNIUM ADVISORS LLC | Sold out | -388.1k |
| REGIONS FINANCIAL CORP | Reduced | -381.6k |
| UBS Group AG | Reduced | -346.0k |
| BANK OF AMERICA CORP /DE/ | Reduced | -341.7k |
| FMR LLC | Reduced | -328.7k |
| Invesco Ltd. | Reduced | -318.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $545.5m1.8m shares |
| CITADEL ADVISORS LLC | Added | $381.5m1.2m shares |
| JANE STREET GROUP, LLC | Reduced | $225.7m738.6k shares |
| IMC-Chicago, LLC | Reduced | $193.6m633.3k shares |
| ROYAL BANK OF CANADA | Added | $114.6m375.0k shares |
| Squarepoint Ops LLC | Added | $105.5m345.3k shares |
| UBS Group AG | Reduced | $101.8m333.2k shares |
| D. E. Shaw & Co., Inc. | Reduced | $85.9m281.1k shares |
| BARCLAYS PLC | Reduced | $61.3m200.7k shares |
| Walleye Trading LLC | Added | $54.0m176.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $551.6m1.8m shares |
| CITIGROUP INC | Added | $305.9m1.0m shares |
| CITADEL ADVISORS LLC | Reduced | $250.7m820.4k shares |
| JANE STREET GROUP, LLC | Reduced | $151.3m495.1k shares |
| IMC-Chicago, LLC | Reduced | $145.8m477.1k shares |
| BARCLAYS PLC | Reduced | $115.7m378.5k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $108.5m355.1k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $92.3m302.1k shares |
| NATIONAL BANK OF CANADA /FI/ | New | $88.6m2.9k shares |
| Walleye Trading LLC | Added | $53.5m175.1k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2025 | 0 | — | 4 | $3.8m | $3.4m |
| Q4 2025 | 0 | — | 5 | $13.2m | $12.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-16 | Ralls-Morrison Desiree EVP, Chief Legal Officer | Sold plan | $795.5k2.5k shares |
| 2025-12-12 | Flatley Edith Morgan EVP - Global CMO | Sold plan | $207.3k658 shares |
| 2025-12-01 | Steijaert Manuel JM EVP - President, IOM | Sold plan | $2.0m6.6k shares |
| 2025-11-21 | Borden Ian Frederick EVP - CFO | Sold plan | $5.3m17.1k shares |
| 2025-11-14 | Erlinger Joseph M. President, McDonald's USA | Sold | $977.1k3.2k shares |
| 2025-11-05 | Steijaert Manuel JM EVP - President, IOM | Sold plan | $3.9m13.1k 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.32% of their portfolio | 72.4m $22.1bn | Added +703.5k |
| BlackRock, Inc. 0.28% of their portfolio | 53.5m $16.4bn | Added +1.4m |
| STATE STREET CORP 0.37% of their portfolio | 36.0m $11.0bn | Added +959.1k |
| JPMORGAN CHASE & CO 0.65% of their portfolio | 31.8m $9.7bn | Reduced -36.6m |
| GEODE CAPITAL MANAGEMENT, LLC 0.32% of their portfolio | 17.0m $5.2bn | Added +76.1k |
| MORGAN STANLEY 0.28% of their portfolio | 15.3m $4.7bn | Reduced -302.2k |
| BANK OF AMERICA CORP /DE/ 0.28% of their portfolio | 12.4m $3.8bn | Reduced -341.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.31% of their portfolio | 9.5m $2.9bn | Added +277.6k |
| NORGES BANK 0.31% of their portfolio | 9.5m $2.9bn | Not comparable |
| NORTHERN TRUST CORP 0.32% of their portfolio | 8.3m $2.5bn | Reduced -155.3k |
| WELLS FARGO & COMPANY/MN 0.47% of their portfolio | 7.9m $2.4bn | Reduced -69.2k |
| ROYAL BANK OF CANADA 0.39% of their portfolio | 7.3m $2.2bn | Added +301.6k |
| Capital Research Global Investors 0.35% of their portfolio | 6.2m $1.9bn | Reduced -25.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.36% of their portfolio | 5.6m $1.7bn | Added +384.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.26% of their portfolio | 5.5m $1.7bn | Added +34.5k |
| Bank of New York Mellon Corp 0.28% of their portfolio | 5.3m $1.6bn | Added +40.5k |
| UBS Group AG 0.30% of their portfolio | 5.0m $1.5bn | Reduced -346.0k |
| GOLDMAN SACHS GROUP INC 0.21% of their portfolio | 4.8m $1.5bn | Added +653.3k |
| Legal & General Group Plc 0.32% of their portfolio | 4.7m $1.4bn | Reduced -78.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.25% of their portfolio | 4.6m $1.4bn | Reduced -2.8m |
| Amundi 0.38% of their portfolio | 4.6m $1.4bn | Added +253.1k |
| Gallagher Fiduciary Advisors, LLC 43.82% of their portfolio | 4.4m $1.4bn | Reduced -149.9k |
| AMERIPRISE FINANCIAL INC 0.30% of their portfolio | 4.3m $1.3bn | Reduced -78.4k |
| FRANKLIN RESOURCES INC 0.32% of their portfolio | 4.2m $1.3bn | Reduced -148.4k |
| Invesco Ltd. 0.11% of their portfolio | 3.9m $1.2bn | Reduced -318.4k |
| VIKING GLOBAL INVESTORS LP 2.94% of their portfolio | 3.6m $1.1bn | Added +244.3k |
| FMR LLC 0.06% of their portfolio | 3.5m $1.1bn | Reduced -328.7k |
| Nuveen, LLC 0.26% of their portfolio | 3.3m $1.0bn | Reduced -30.2k |
| BARCLAYS PLC 0.40% of their portfolio | 3.2m $985.7m | Added +136.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.56% of their portfolio | 3.1m $948.8m | Added +1.0m |
| HSBC HOLDINGS PLC 0.25% of their portfolio | 2.9m $891.3m | Added +1.4m |
| Fayez Sarofim & Co 2.00% of their portfolio | 2.7m $833.9m | Reduced -27.1k |
| PNC Financial Services Group, Inc. 0.44% of their portfolio | 2.7m $810.0m | Reduced -31.9k |
| J. Stern & Co. LLP 0.22% of their portfolio | 2.5m $2.5m | Added +2.5m |
| Corient Private Wealth LP 0.36% of their portfolio | 2.5m $532.9m | Added +1.7m |
| RAYMOND JAMES FINANCIAL INC 0.23% of their portfolio | 2.4m $742.5m | Reduced -64.3k |
| DEUTSCHE BANK AG\ 0.23% of their portfolio | 2.4m $720.3m | Reduced -181.1k |
| California Public Employees Retirement System 0.38% of their portfolio | 2.2m $670.9m | Added +41.0k |
| D. E. Shaw & Co., Inc. 0.48% of their portfolio | 2.1m $635.1m | Added +1.7m |
| Sumitomo Mitsui Trust Group, Inc. 0.36% of their portfolio | 2.0m $606.0m | Reduced -85.5k |
| Swiss National Bank 0.36% of their portfolio | 2.0m $597.7m | Reduced -105.6k |
| Capital Wealth Planning, LLC 3.70% of their portfolio | 1.9m $571.5m | Added +113.5k |
| DIMENSIONAL FUND ADVISORS LP 0.12% of their portfolio | 1.8m $564.5m | Reduced -13.5k |
| NEUBERGER BERMAN GROUP LLC 0.42% of their portfolio | 1.8m $558.5m | Reduced -52.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.34% of their portfolio | 1.6m $494.9m | Added +63.2k |
| LPL Financial LLC 0.13% of their portfolio | 1.6m $481.1m | Added +62.9k |
| National Pension Service 0.35% of their portfolio | 1.6m $476.0m | Added +24.3k |
| Capital World Investors 0.06% of their portfolio | 1.6m $474.0m | Added +23.9k |
| BANK OF MONTREAL /CAN/ 0.19% of their portfolio | 1.5m $454.6m | Added +242.3k |
| 1832 Asset Management L.P. 0.57% of their portfolio | 1.5m $448.1m | Added +5.9k |
| BANQUE PICTET & CIE SA 4.44% of their portfolio | 1.5m $443.7m | Reduced -114.4k |
| TD Asset Management Inc 0.34% of their portfolio | 1.4m $426.3m | Added +116.0k |
| HighTower Advisors, LLC 0.45% of their portfolio | 1.4m $413.6m | Added +15.7k |
| ALLIANCEBERNSTEIN L.P. 0.13% of their portfolio | 1.3m $399.2m | Reduced -21.3k |
| Holocene Advisors, LP 0.84% of their portfolio | 1.3m $396.2m | Added +916.6k |
| RHUMBLINE ADVISERS 0.31% of their portfolio | 1.3m $387.9m | Reduced -15.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio | 1.2m $381.2m | Reduced -46.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.35% of their portfolio | 1.1m $350.2m | Reduced -11.7k |
| STIFEL FINANCIAL CORP 0.31% of their portfolio | 1.1m $347.8m | Added +5.0k |
| CIBC Private Wealth Group LLC 0.58% of their portfolio | 1.1m $340.6m | Reduced -13.5k |
| CANADA LIFE ASSURANCE Co 0.59% of their portfolio | 1.1m $338.1m | Reduced -142.8k |
| Swedbank AB 0.33% of their portfolio | 1.1m $337.6m | Added +10.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.22% of their portfolio | 1.1m $326.6m | Reduced -212.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.24% of their portfolio | 1.0m $319.3m | Added +15.2k |
| DekaBank Deutsche Girozentrale 0.53% of their portfolio | 1.0m $306.4m | Unchanged |
| Bahl & Gaynor LLC 1.58% of their portfolio | 1.0m $311.5m | Reduced -22.0k |
| NATIONAL BANK OF CANADA /FI/ 0.31% of their portfolio | 982.3k $300.2m | Added +158.9k |
| NATIXIS ADVISORS, LLC 0.41% of their portfolio | 948.6k $289.9m | Added +35.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.18% of their portfolio | 926.0k $283.0m | Added +210.1k |
| US BANCORP \DE\ 0.33% of their portfolio | 922.0k $281.8m | Reduced -24.5k |
| Alyeska Investment Group, L.P. 0.78% of their portfolio | 897.9k $274.4m | Added +12.3k |
| MACKENZIE FINANCIAL CORP 0.31% of their portfolio | 850.4k $261.4m | Added +57.2k |
| Mariner, LLC 0.31% of their portfolio | 846.0k $258.6m | Added +25.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.34% of their portfolio | 839.9k $256.7m | Reduced -17.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.13% of their portfolio | 820.3k $250.7m | Added +22.7k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.40% of their portfolio | 808.5k $247.1m | Reduced -32.6k |
| ProShare Advisors LLC 0.41% of their portfolio | 757.6k $231.5m | Reduced -30.0k |
| B. Metzler seel. Sohn & Co. AG 2.02% of their portfolio | 756.7k $231.6m | Reduced -4.1k |
| Rockefeller Capital Management L.P. 0.40% of their portfolio | 728.5k $222.7m | Added +120.4k |
| LAZARD ASSET MANAGEMENT LLC 0.38% of their portfolio | 728.4k $222.6m | Reduced -919.0k |
| MARSHALL WACE, LLP 0.21% of their portfolio | 716.0k $218.8m | Reduced -111.6k |
| CITIGROUP INC 0.15% of their portfolio | 709.6k $216.9m | Reduced -183.0k |
| TWO SIGMA INVESTMENTS, LP 0.29% of their portfolio | 646.3k $197.5m | Added +631.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.34% of their portfolio | 635.1k $194.1m | Reduced -15.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.11% of their portfolio | 628.0k $191.9m | Reduced -11.4k |
| Focus Partners Wealth 0.21% of their portfolio | 604.1k $184.5m | Added +126.9k |
| AVIVA PLC 0.31% of their portfolio | 600.8k $183.6m | Added +31.3k |
| Baird Financial Group, Inc. 0.27% of their portfolio | 576.9k $176.3m | Added +18.9k |
| Ensign Peak Advisors, Inc 0.31% of their portfolio | 574.9k $175.7m | Added +88.9k |
| BESSEMER GROUP INC 0.27% of their portfolio | 571.3k $174.6m | Reduced -23.1k |
| SG Americas Securities, LLC 0.23% of their portfolio | 570.6k $174.4m | Added +525.2k |
| FIRST MANHATTAN CO. LLC. 0.45% of their portfolio | 564.7k $172.6m | Reduced -12.5k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.15% of their portfolio | 558.1k $170.6m | Reduced -13.3k |
| FIFTH THIRD BANCORP 0.53% of their portfolio | 549.7k $168.0m | Added +177 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.33% of their portfolio | 547.4k $167.3m | Reduced -10.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.25% of their portfolio | 541.6k $165.5m | Reduced -74.8k |
| Korea Investment CORP 0.32% of their portfolio | 530.4k $162.1m | Added +2.5k |
| PRUDENTIAL FINANCIAL INC 0.19% of their portfolio | 527.5k $161.2m | Reduced -44.7k |
| CITADEL ADVISORS LLC 0.11% of their portfolio | 518.9k $158.6m | Added +181.3k |
| Aberdeen Group plc 0.25% of their portfolio | 518.9k $158.6m | Reduced -10.0k |