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 ($102.3m this quarter). Holder counts are more reliable. Shares outstanding: 411.7m as of 2023-07-14, 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 ≈ $89.00. Options: 18 managers hold calls ($193.3m notional), 16 hold puts ($98.1m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,046 |
| Q4 2022 | 1,104 |
| Q1 2023 | 1,100 |
| Q2 2023 | 1,125 |
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 | 412 | 511 |
| Q1 2023 | 422 | 502 |
| Q2 2023 | 409 | 512 |
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 |
| Q1 2023 | $214.4m | $269.8m | 1.26 |
| Q2 2023 | $193.3m | $98.1m | 0.51 |
Biggest buyers
| ALLIANCEBERNSTEIN L.P. | Added | +3.0m |
| NORGES BANK | Added | +1.1m |
| MILLENNIUM MANAGEMENT LLC | Added | +984.0k |
| ROYAL BANK OF CANADA | Added | +964.1k |
| JPMORGAN CHASE & CO | Added | +585.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +556.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +538.5k |
| Capital Research Global Investors | Added | +502.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Added | +423.7k |
| TWINBEECH CAPITAL LP | New | +407.6k |
Biggest sellers
| OFI INVEST ASSET MANAGEMENT | Reduced | -41.4m |
| FMR LLC | Reduced | -3.8m |
| Sarasin & Partners LLP | Reduced | -3.5m |
| CITADEL ADVISORS LLC | Reduced | -2.3m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.0m |
| PineStone Asset Management Inc. | Reduced | -977.2k |
| PARNASSUS INVESTMENTS, LLC | Reduced | -767.4k |
| BANK OF AMERICA CORP /DE/ | Reduced | -700.0k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -661.5k |
| Amundi | Reduced | -636.4k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $96.8m1.1m shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $35.1m394.0k shares |
| CITADEL ADVISORS LLC | Added | $18.2m204.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.8m155.1k shares |
| Walleye Trading LLC | Added | $8.5m95.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $5.6m62.7k shares |
| GROUP ONE TRADING LLC | Added | $4.2m47.1k shares |
| Walleye Capital LLC | New | $3.0m33.7k shares |
| Squarepoint Ops LLC | Added | $2.4m27.0k shares |
| PEAK6 Investments LLC | Reduced | $1.7m18.7k shares |
Biggest puts
| Boundary Creek Advisors LP | Reduced | $26.7m300.0k shares |
| CITADEL ADVISORS LLC | Added | $23.6m265.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $20.4m229.4k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $8.2m91.9k shares |
| Walleye Trading LLC | Added | $7.1m79.7k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $3.2m36.0k shares |
| JANE STREET GROUP, LLC | Reduced | $2.5m28.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.6m17.5k shares |
| GROUP ONE TRADING LLC | Reduced | $1.0m11.7k shares |
| Squarepoint Ops LLC | Unchanged | $996.9k11.2k 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 Q2 2023
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 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 | — | — |
| Q1 2023 | 0 | — | 6 | $4.4m | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.08% of their portfolio | 40.2m $3.6bn | Reduced -234.1k |
| BlackRock Inc. 0.09% of their portfolio | 35.3m $3.1bn | Reduced -140.0k |
| STATE STREET CORP 0.07% of their portfolio | 16.0m $1.4bn | Added +236.4k |
| MORGAN STANLEY 0.11% of their portfolio | 13.1m $1.2bn | Reduced -194.9k |
| ALLIANCEBERNSTEIN L.P. 0.44% of their portfolio | 12.2m $1.1bn | Added +3.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 10.1m $901.1m | Added +285.5k |
| Capital Research Global Investors 0.21% of their portfolio | 9.0m $799.5m | Added +502.4k |
| Fiera Capital Corp 2.25% of their portfolio | 8.7m $778.5m | Reduced -418.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.23% of their portfolio | 8.0m $709.7m | Reduced -177.6k |
| CIBC Private Wealth Group LLC 0.67% of their portfolio | 6.9m $615.1m | Reduced -99.6k |
| Invesco Ltd. 0.15% of their portfolio | 6.6m $589.9m | Added +131.9k |
| Fundsmith LLP 2.41% of their portfolio | 6.5m $574.6m | Added +173.7k |
| NORGES BANK 0.11% of their portfolio | 6.0m $537.2m | Added +1.1m |
| BLS Capital Fondsmaeglerselskab A/S 11.88% of their portfolio | 5.8m $513.8m | Added +43.1k |
| Dodge & Cox 0.31% of their portfolio | 5.2m $460.5m | Reduced -36.6k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 5.1m $453.8m | Added +585.7k |
| Boston Partners 0.56% of their portfolio | 4.7m $417.0m | Reduced -13.0k |
| NORTHERN TRUST CORP 0.08% of their portfolio | 4.5m $402.9m | Reduced -84.8k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 4.3m $379.2m | Reduced -700.0k |
| Bank of New York Mellon Corp 0.08% of their portfolio | 4.1m $366.3m | Added +107.1k |
| FMR LLC 0.03% of their portfolio | 3.8m $339.3m | Reduced -3.8m |
| WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio | 3.7m $329.8m | Reduced -661.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio | 3.5m $314.4m | Added +122.9k |
| Grantham, Mayo, Van Otterloo & Co. LLC 1.40% of their portfolio | 3.4m $301.7m | Added +17.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.59% of their portfolio | 3.2m $283.9m | Added +96.4k |
| Legal & General Group Plc 0.09% of their portfolio | 3.1m $277.7m | Added +129.7k |
| LAZARD ASSET MANAGEMENT LLC 0.32% of their portfolio | 2.9m $261.8m | Reduced -284.8k |
| Sarasin & Partners LLP 2.94% of their portfolio | 2.9m $253.9m | Reduced -3.5m |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 2.7m $244.6m | Added +39.8k |
| AKO CAPITAL LLP 3.48% of their portfolio | 2.6m $230.1m | Reduced -116.2k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.89% of their portfolio | 2.5m $221.6m | Added +69.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.10% of their portfolio | 2.4m $206.2m | Unchanged |
| ROYAL BANK OF CANADA 0.06% of their portfolio | 2.4m $213.6m | Added +964.1k |
| BROWN ADVISORY INC 0.33% of their portfolio | 2.4m $212.6m | Reduced -97.0k |
| PARNASSUS INVESTMENTS, LLC 0.48% of their portfolio | 2.3m $206.2m | Reduced -767.4k |
| CREDIT SUISSE AG/ 0.20% of their portfolio | 2.3m $203.5m | Added +306.5k |
| MENORA MIVTACHIM HOLDINGS LTD. 1.82% of their portfolio | 2.2m $196.4m | Reduced -4.0k |
| OMERS ADMINISTRATION Corp 3.01% of their portfolio | 2.2m $193.8m | Unchanged |
| VONTOBEL ASSET MANAGEMENT INC 1.34% of their portfolio | 2.1m $201.5m | Added +50.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 2.1m $188.3m | Reduced -5.4k |
| LONDON CO OF VIRGINIA 1.06% of their portfolio | 2.1m $186.6m | Reduced -131.2k |
| Deccan Value Investors L.P. 16.45% of their portfolio | 2.0m $179.8m | Reduced -105.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.50% of their portfolio | 2.0m $179.1m | Added +23.2k |
| PUTNAM INVESTMENTS LLC 0.26% of their portfolio | 2.0m $174.6m | Reduced -1.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.25% of their portfolio | 1.9m $171.1m | Reduced -277.2k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 1.9m $170.2m | Reduced -1.0m |
| Guinness Asset Management LTD 3.59% of their portfolio | 1.7m $154.7m | Added +141.0k |
| Gates Capital Management, Inc. 4.83% of their portfolio | 1.7m $154.7m | Reduced -250.0k |
| PRIMECAP MANAGEMENT CO/CA/ 0.13% of their portfolio | 1.7m $151.3m | Reduced -14.3k |
| FUNDSMITH INVESTMENT SERVICES LTD. 2.18% of their portfolio | 1.7m $149.8m | Added +55.2k |
| PICTET ASSET MANAGEMENT SA 0.16% of their portfolio | 1.5m $134.5m | Reduced -221.6k |
| Swiss National Bank 0.09% of their portfolio | 1.5m $132.8m | Reduced -160.8k |
| Clearbridge Investments, LLC 0.12% of their portfolio | 1.5m $130.3m | Reduced -39.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.15% of their portfolio | 1.4m $125.6m | Added +556.0k |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 1.4m $124.1m | Reduced -135.0k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 1.4m $121.4m | Added +3.3k |
| Russell Investments Group, Ltd. 0.21% of their portfolio | 1.2m $109.5m | Added +175.8k |
| Fisher Asset Management, LLC 0.06% of their portfolio | 1.2m $103.8m | Added +13.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio | 1.1m $99.4m | Reduced -147.8k |
| Lazard Freres Gestion S.A.S. 2.95% of their portfolio | 1.1m $96.1m | Reduced -12.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 1.0m $93.1m | Reduced -210.2k |
| JENNISON ASSOCIATES LLC 0.07% of their portfolio | 1.0m $89.4m | Reduced -75.6k |
| MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio | 989.8k $88.1m | Added +984.0k |
| NEUBERGER BERMAN GROUP LLC 0.08% of their portfolio | 984.1k $87.6m | Reduced -9.8k |
| National Pension Service 0.14% of their portfolio | 972.5k $86.2m | Added +242.9k |
| Canoe Financial LP 1.80% of their portfolio | 968.9k $86.3m | Added +6.6k |
| PENSIOENFONDS RAIL & OV 3.15% of their portfolio | 950.6k $84.6m | Unchanged |
| MACQUARIE GROUP LTD 0.09% of their portfolio | 882.8k $78.5m | Added +140.0k |
| Amundi 0.04% of their portfolio | 864.0k $76.6m | Reduced -636.4k |
| AVIVA PLC 0.31% of their portfolio | 862.2k $76.7m | Added +210.1k |
| Fayez Sarofim & Co 0.26% of their portfolio | 848.5k $75.5m | Added +7.9k |
| RHUMBLINE ADVISERS 0.08% of their portfolio | 844.3k $75.1m | Reduced -15.8k |
| HighTower Advisors, LLC 0.15% of their portfolio | 838.5k $74.6m | Added +12.7k |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 825.8k $73.5m | Added +40.2k |
| Balyasny Asset Management L.P. 0.20% of their portfolio | 795.0k $70.8m | Reduced -471.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.39% of their portfolio | 760.7k $67.7m | Added +538.5k |
| California Public Employees Retirement System 0.06% of their portfolio | 752.8k $67.0m | Reduced -28.3k |
| NISSAY ASSET MANAGEMENT CORP /JAPAN 0.58% of their portfolio | 751.9k $66.9m | Reduced -34.6k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 743.4k $66.2m | Reduced -5.3k |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 726.1k $64.6m | Added +283.7k |
| PineStone Asset Management Inc. 3.05% of their portfolio | 710.0k $63.2m | Reduced -977.2k |
| TWO SIGMA ADVISERS, LP 0.16% of their portfolio | 694.5k $61.8m | Reduced -586.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 673.1k $59.9m | Reduced -23.0k |
| UBS Group AG 0.03% of their portfolio | 667.8k $59.4m | Added +214.9k |
| Railway Pension Investments Ltd 0.58% of their portfolio | 652.8k $58.1m | Unchanged |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.17% of their portfolio | 609.9k $54.3m | Reduced -287.5k |
| HM PAYSON & CO 1.20% of their portfolio | 600.1k $53.4m | Added +79.8k |
| Artisan Partners Limited Partnership 0.09% of their portfolio | 593.8k $52.9m | Reduced -28.3k |
| Alyeska Investment Group, L.P. 0.40% of their portfolio | 587.8k $52.3m | Reduced -14.0k |
| CANADA LIFE ASSURANCE Co 0.12% of their portfolio | 578.9k $51.8m | Added +148.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 566.4k $50.4m | Added +96.0k |
| ANTIPODES PARTNERS Ltd 1.70% of their portfolio | 553.7k $49.3m | Reduced -30.3k |
| PINEBRIDGE INVESTMENTS, L.P. 0.51% of their portfolio | 529.6k $47.1m | Added +158.3k |
| BARCLAYS PLC 0.03% of their portfolio | 525.7k $46.8m | Added +397.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio | 513.6k $45.7m | Reduced -5.0k |
| PNC Financial Services Group, Inc. 0.04% of their portfolio | 511.9k $45.6m | Reduced -6.2k |
| Ensign Peak Advisors, Inc 0.09% of their portfolio | 511.2k $45.5m | Added +91.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 493.6k $43.9m | Reduced -20.2k |
| OFI INVEST ASSET MANAGEMENT 1.70% of their portfolio | 481.5k $42.9m | Reduced -41.4m |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.09% of their portfolio | 481.0k $42.8m | Added +3.5k |