OTIS WORLDWIDE CORP OTIS
COM · Common Stock · CUSIP 68902V107 · ISIN US68902V1070
American elevator and escalator manufacturer
* 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 ($84.8m this quarter). Holder counts are more reliable. Shares outstanding: 414.9m as of 2023-01-20, 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 ≈ $78.27. Options: 21 managers hold calls ($165.2m notional), 22 hold puts ($363.1m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,046 |
| Q4 2022 | 1,104 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $205.7m | $324.3m | 1.58 |
| Q4 2022 | $165.2m | $363.1m | 2.20 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +1.7m |
| Invesco Ltd. | Added | +1.5m |
| Capital Research Global Investors | Added | +1.4m |
| BLS Capital Fondsmaeglerselskab A/S | Added | +1.2m |
| PUTNAM INVESTMENTS LLC | Added | +805.3k |
| NORGES BANK | Added | +773.0k |
| MORGAN STANLEY | Added | +682.0k |
| Point72 Asset Management, L.P. | New | +539.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Added | +456.7k |
| Grantham, Mayo, Van Otterloo & Co. LLC | Added | +427.2k |
Biggest sellers
| JANUS HENDERSON GROUP PLC | Reduced | -1.3m |
| Clearbridge Investments, LLC | Reduced | -1.2m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.1m |
| Caisse de depot et placement du Quebec | Reduced | -869.3k |
| Boston Partners | Reduced | -751.9k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -733.9k |
| AMERIPRISE FINANCIAL INC | Reduced | -631.5k |
| Sarasin & Partners LLP | Reduced | -547.1k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -531.5k |
| Formuepleje A/S | Sold out | -530.5k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $82.8m1.1m shares |
| BlackRock Inc. | Reduced | $29.6m378.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $12.4m158.8k shares |
| GROUP ONE TRADING LLC | Reduced | $12.2m156.4k shares |
| NOMURA HOLDINGS INC | Reduced | $8.5m109.2k shares |
| CITADEL ADVISORS LLC | Added | $8.1m103.6k shares |
| Parallax Volatility Advisers, L.P. | Added | $3.2m41.1k shares |
| WOLVERINE TRADING, LLC | Reduced | $2.0m25.3k shares |
| Walleye Trading LLC | Added | $1.7m22.2k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $1.4m18.2k shares |
Biggest puts
| BANK OF AMERICA CORP /DE/ | Reduced | $162.8m2.1m shares |
| Gates Capital Management, Inc. | Reduced | $137.0m1.8m shares |
| JANE STREET GROUP, LLC | Added | $13.4m170.8k shares |
| GROUP ONE TRADING LLC | Reduced | $10.6m135.9k shares |
| Walleye Trading LLC | Reduced | $8.7m110.8k shares |
| BARCLAYS PLC | First filing | $7.8m99.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.5m69.6k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $4.8m61.5k shares |
| CITADEL ADVISORS LLC | Added | $3.8m49.0k shares |
| SIMPLEX TRADING, LLC | Added | $1.7m21.6k 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% |
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 6.8% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.1% |
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 Q4 2022
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 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 1 | $253.0k | — |
| Q3 2022 | 0 | — | 3 | $1.9m | — |
| Q4 2022 | 0 | — | 0 | — | — |
None reported in Q4 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.08% of their portfolio | 39.7m $3.1bn | Added +18.7k |
| BlackRock Inc. 0.09% of their portfolio | 35.2m $2.8bn | Added +184.3k |
| STATE STREET CORP 0.07% of their portfolio | 16.0m $1.2bn | Reduced -6.0k |
| MORGAN STANLEY 0.12% of their portfolio | 13.2m $1.0bn | Added +682.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 9.8m $769.1m | Added +100.1k |
| Fiera Capital Corp 2.27% of their portfolio | 9.3m $730.5m | Reduced -515.8k |
| ALLIANCEBERNSTEIN L.P. 0.32% of their portfolio | 9.1m $713.1m | Reduced -531.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.23% of their portfolio | 8.3m $651.3m | Reduced -416.3k |
| Capital Research Global Investors 0.18% of their portfolio | 7.5m $587.6m | Added +1.4m |
| Invesco Ltd. 0.15% of their portfolio | 6.7m $523.7m | Added +1.5m |
| Fundsmith LLP 2.25% of their portfolio | 6.3m $491.8m | Reduced -5.2k |
| BLS Capital Fondsmaeglerselskab A/S 13.42% of their portfolio | 6.0m $468.2m | Added +1.2m |
| Boston Partners 0.57% of their portfolio | 5.4m $423.8m | Reduced -751.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.08% of their portfolio | 5.2m $409.2m | Reduced -54.9k |
| Dodge & Cox 0.28% of their portfolio | 5.2m $409.0m | Reduced -33.4k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 4.7m $370.4m | Added +149.7k |
| NORGES BANK 0.09% of their portfolio | 4.7m $370.0m | Added +773.0k |
| NORTHERN TRUST CORP 0.08% of their portfolio | 4.6m $361.9m | Reduced -40.7k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 4.3m $337.7m | Reduced -263.0k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 4.1m $321.2m | Reduced -8.5k |
| FMR LLC 0.03% of their portfolio | 4.0m $311.5m | Reduced -194.4k |
| CIBC Private Wealth Group LLC 0.87% of their portfolio | 3.5m $261.3m | Added +146.7k |
| LAZARD ASSET MANAGEMENT LLC 0.37% of their portfolio | 3.4m $268.1m | Reduced -361.7k |
| PARNASSUS INVESTMENTS, LLC 0.65% of their portfolio | 3.3m $259.9m | Unchanged |
| Grantham, Mayo, Van Otterloo & Co. LLC 1.38% of their portfolio | 3.3m $258.6m | Added +427.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio | 3.3m $257.6m | Added +61.0k |
| Sarasin & Partners LLP 3.09% of their portfolio | 3.0m $235.8m | Reduced -547.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.64% of their portfolio | 3.0m $234.9m | Added +182.1k |
| Legal & General Group Plc 0.09% of their portfolio | 2.9m $228.0m | Reduced -163.4k |
| AKO CAPITAL LLP 3.58% of their portfolio | 2.8m $221.3m | Reduced -105.5k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 2.7m $211.2m | Added +12.8k |
| BROWN ADVISORY INC 0.34% of their portfolio | 2.4m $185.2m | Added +6.4k |
| Deccan Value Investors L.P. 20.03% of their portfolio | 2.4m $184.8m | Reduced -39.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.10% of their portfolio | 2.3m $182.4m | Added +92.0k |
| LONDON CO OF VIRGINIA 1.04% of their portfolio | 2.2m $175.9m | Reduced -31.9k |
| VONTOBEL ASSET MANAGEMENT INC 1.50% of their portfolio | 2.2m $188.5m | Reduced -147.3k |
| MENORA MIVTACHIM HOLDINGS LTD. 2.93% of their portfolio | 2.2m $174.2m | Added +56.8k |
| OMERS ADMINISTRATION Corp 2.73% of their portfolio | 2.2m $170.5m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 2.1m $165.3m | Added +29.0k |
| CITADEL ADVISORS LLC 0.19% of their portfolio | 2.1m $164.9m | Added +1.7m |
| CREDIT SUISSE AG/ 0.17% of their portfolio | 2.0m $158.3m | Reduced -90.9k |
| Gates Capital Management, Inc. 5.93% of their portfolio | 2.0m $155.7m | Reduced -234.0k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 2.0m $155.6m | Reduced -1.1m |
| PUTNAM INVESTMENTS LLC 0.26% of their portfolio | 1.9m $149.6m | Added +805.3k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.70% of their portfolio | 1.8m $144.4m | Added +89.0k |
| Swiss National Bank 0.10% of their portfolio | 1.7m $133.8m | Reduced -123.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio | 1.7m $132.2m | Added +228.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.42% of their portfolio | 1.7m $130.3m | Reduced -90.8k |
| FUNDSMITH INVESTMENT SERVICES LTD. 2.12% of their portfolio | 1.6m $127.4m | Added +14.7k |
| PRIMECAP MANAGEMENT CO/CA/ 0.12% of their portfolio | 1.6m $127.4m | Reduced -19.1k |
| Nuveen Asset Management, LLC 0.05% of their portfolio | 1.5m $120.0m | Reduced -444.2k |
| Clearbridge Investments, LLC 0.12% of their portfolio | 1.5m $118.6m | Reduced -1.2m |
| TWO SIGMA ADVISERS, LP 0.33% of their portfolio | 1.5m $118.0m | Reduced -113.2k |
| Guinness Asset Management LTD 3.17% of their portfolio | 1.4m $112.8m | Added +162.5k |
| PICTET ASSET MANAGEMENT SA 0.16% of their portfolio | 1.4m $107.8m | Added +96.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.17% of their portfolio | 1.4m $106.9m | Reduced -367.3k |
| MONTANOVA CAPITAL, LLC 4.27% of their portfolio | 1.3m $101.6m | Unchanged |
| Amundi 0.06% of their portfolio | 1.3m $104.6m | Reduced -474.2k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 1.2m $96.6m | Reduced -182.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 1.2m $95.0m | Reduced -80.1k |
| Lazard Freres Gestion S.A.S. 3.29% of their portfolio | 1.2m $90.8m | Reduced -50.4k |
| JENNISON ASSOCIATES LLC 0.09% of their portfolio | 1.2m $90.3m | Reduced -149.1k |
| Fisher Asset Management, LLC 0.06% of their portfolio | 1.1m $86.3m | Added +99.3k |
| NEUBERGER BERMAN GROUP LLC 0.08% of their portfolio | 987.3k $77.4m | Added +11.7k |
| PENSIOENFONDS RAIL & OV 3.10% of their portfolio | 950.6k $69.8m | Reduced -95.0k |
| Balyasny Asset Management L.P. 0.26% of their portfolio | 930.1k $72.8m | Reduced -117.1k |
| California Public Employees Retirement System 0.06% of their portfolio | 915.2k $71.7m | Reduced -52.7k |
| Russell Investments Group, Ltd. 0.14% of their portfolio | 860.2k $67.5m | Reduced -1.8k |
| NISSAY ASSET MANAGEMENT CORP /JAPAN 0.63% of their portfolio | 839.8k $65.8m | Added +374.3k |
| HighTower Advisors, LLC 0.15% of their portfolio | 825.6k $64.7m | Added +159.4k |
| Fayez Sarofim & Co 0.24% of their portfolio | 823.0k $64.4m | Added +572 |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 822.4k $64.4m | Added +33.7k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.23% of their portfolio | 818.9k $64.1m | Added +456.7k |
| AVIVA PLC 0.31% of their portfolio | 804.5k $63.0m | Added +120.7k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 793.8k $62.2m | Added +21.9k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 781.0k $61.2m | Reduced -37.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio | 713.6k $55.9m | Reduced -733.9k |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 713.0k $55.9m | Reduced -32.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 707.3k $55.4m | Added +2.7k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 677.3k $53.0m | Added +95.5k |
| Artisan Partners Limited Partnership 0.09% of their portfolio | 654.7k $51.3m | Reduced -51.6k |
| Railway Pension Investments Ltd 0.50% of their portfolio | 641.7k $50.3m | Added +22.4k |
| LORD, ABBETT & CO. LLC 0.08% of their portfolio | 589.6k $46.2m | Added +310.3k |
| Caisse de depot et placement du Quebec 0.14% of their portfolio | 570.1k $44.6m | Reduced -869.3k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 569.8k $44.6m | Reduced -631.5k |
| National Pension Service 0.09% of their portfolio | 563.8k $44.2m | Added +17.1k |
| PNC Financial Services Group, Inc. 0.04% of their portfolio | 553.2k $43.3m | Reduced -18.2k |
| ANTIPODES PARTNERS Ltd 1.53% of their portfolio | 545.1k $42.7m | Reduced -227.3k |
| Point72 Asset Management, L.P. 0.16% of their portfolio | 539.1k $42.2m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio | 525.2k $41.1m | Added +6.8k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 510.8k $39.9m | Added +17.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 510.7k $40.0m | Reduced -28.0k |
| ABEILLE ASSET MANAGEMENT SA 1.01% of their portfolio | 501.0k $28.5m | Added +47.4k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 477.8k $37.4m | Reduced -1.3m |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.09% of their portfolio | 477.5k $37.4m | Reduced -14.6k |
| UBS Group AG 0.02% of their portfolio | 462.0k $36.2m | Added +194.7k |
| BARCLAYS PLC 0.03% of their portfolio | 455.1k $35.6m | First filing |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 449.9k $35.2m | Reduced -8.3k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 448.4k $35.6m | Added +198.2k |
| Candriam S.C.A. 0.23% of their portfolio | 444.7k $34.8m | Reduced -91.8k |