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 ($114.5m this quarter). Holder counts are more reliable. Shares outstanding: 399.5m as of 2024-10-15, 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 ≈ $103.89. Options: 24 managers hold calls ($167.4m notional), 23 hold puts ($97.4m).
Trends to Q3 2024
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 |
| Q3 2023 | 1,099 |
| Q4 2023 | 1,191 |
| Q1 2024 | 1,200 |
| Q2 2024 | 1,192 |
| Q3 2024 | 1,200 |
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 |
| Q3 2023 | 420 | 498 |
| Q4 2023 | 418 | 534 |
| Q1 2024 | 471 | 521 |
| Q2 2024 | 460 | 528 |
| Q3 2024 | 438 | 565 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $126.7m | $45.6m | 0.36 |
| Q1 2024 | $169.4m | $46.9m | 0.28 |
| Q2 2024 | $141.5m | $46.8m | 0.33 |
| Q3 2024 | $167.4m | $97.4m | 0.58 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +16.3m |
| FRANKLIN RESOURCES INC | Added | +2.7m |
| VAN ECK ASSOCIATES CORP | Added | +2.2m |
| MENORA MIVTACHIM HOLDINGS LTD. | Added | +528.3k |
| NATIONAL BANK OF CANADA /FI/ | Added | +523.5k |
| California Public Employees Retirement System | Added | +514.4k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +391.2k |
| Grantham, Mayo, Van Otterloo & Co. LLC | Added | +257.3k |
| Assenagon Asset Management S.A. | Added | +214.5k |
| BANK OF AMERICA CORP /DE/ | Added | +212.5k |
Biggest sellers
| LOS ANGELES CAPITAL MANAGEMENT LLC | Reduced | -1.3m |
| Canoe Financial LP | Reduced | -889.2k |
| Boston Partners | Reduced | -721.1k |
| MORGAN STANLEY | Reduced | -651.1k |
| STATE OF WISCONSIN INVESTMENT BOARD | Reduced | -627.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -411.8k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -385.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -341.8k |
| JENNISON ASSOCIATES LLC | Reduced | -337.8k |
| Sarasin & Partners LLP | Reduced | -311.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $36.5m351.1k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $30.1m289.8k shares |
| PEAK6 Investments LLC | New | $17.5m168.0k shares |
| JANE STREET GROUP, LLC | Reduced | $11.4m110.1k shares |
| SCOPUS ASSET MANAGEMENT, L.P. | New | $10.4m100.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $10.0m95.9k shares |
| CITADEL ADVISORS LLC | Reduced | $9.6m92.4k shares |
| Walleye Trading LLC | Reduced | $9.0m86.6k shares |
| WELLS FARGO & COMPANY/MN | New | $7.8m75.0k shares |
| Interval Partners, LP | New | $5.5m52.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $34.2m328.6k shares |
| CITADEL ADVISORS LLC | Added | $11.6m112.0k shares |
| WELLS FARGO & COMPANY/MN | New | $7.8m75.0k shares |
| IMC-Chicago, LLC | Added | $7.2m68.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $5.3m50.9k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $4.7m44.9k shares |
| SIMPLEX TRADING, LLC | Added | $3.8m36.9k shares |
| Walleye Capital LLC | Added | $3.8m36.1k shares |
| Walleye Trading LLC | Added | $3.7m35.9k shares |
| JANE STREET GROUP, LLC | New | $3.2m30.5k 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 Q3 2024
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 |
|---|---|---|---|---|---|
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 6 | $4.4m | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 2 | $938.7k | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 4 | $7.4m | $3.4m |
| Q2 2024 | 0 | — | 1 | $2.8m | — |
| Q3 2024 | 0 | — | 0 | — | — |
None reported in Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| JPMORGAN CHASE & CO 0.23% of their portfolio | 56.2m $5.8bn | Added +16.3m |
| VANGUARD GROUP INC 0.08% of their portfolio | 44.9m $4.7bn | Reduced -231.9k |
| BlackRock, Inc. 0.07% of their portfolio | 32.5m $3.4bn | First filing |
| ALLIANCEBERNSTEIN L.P. 0.75% of their portfolio | 21.5m $2.2bn | Reduced -385.7k |
| STATE STREET CORP 0.07% of their portfolio | 16.1m $1.7bn | Added +8.3k |
| MORGAN STANLEY 0.09% of their portfolio | 11.8m $1.2bn | Reduced -651.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 11.0m $1.1bn | Added +152.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.25% of their portfolio | 8.0m $836.1m | Reduced -204.2k |
| FRANKLIN RESOURCES INC 0.22% of their portfolio | 7.3m $774.9m | Added +2.7m |
| NORGES BANK 0.10% of their portfolio | 7.1m $733.0m | Reduced -220.4k |
| Fiera Capital Corp 2.16% of their portfolio | 6.9m $717.5m | Reduced -116.5k |
| Fundsmith LLP 2.53% of their portfolio | 6.1m $638.3m | Added +3.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 1.66% of their portfolio | 5.1m $529.9m | Added +257.3k |
| BLS Capital Fondsmaeglerselskab A/S 13.68% of their portfolio | 4.6m $473.2m | Reduced -132.4k |
| NORTHERN TRUST CORP 0.07% of their portfolio | 4.1m $423.7m | Reduced -215.2k |
| Sarasin & Partners LLP 3.75% of their portfolio | 3.8m $397.4m | Reduced -311.5k |
| Invesco Ltd. 0.08% of their portfolio | 3.7m $389.3m | Added +193.3k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 3.7m $383.1m | Added +212.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.07% of their portfolio | 3.7m $382.5m | Added +391.2k |
| FMR LLC 0.02% of their portfolio | 3.5m $367.5m | Added +101.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.38% of their portfolio | 3.5m $358.7m | Added +102.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 3.3m $341.5m | Added +171.6k |
| Bank of New York Mellon Corp 0.06% of their portfolio | 3.3m $341.3m | Added +130.7k |
| CIBC Private Wealth Group LLC 0.59% of their portfolio | 3.1m $327.3m | Reduced -10.0k |
| MENORA MIVTACHIM HOLDINGS LTD. 1.96% of their portfolio | 3.0m $310.9m | Added +528.3k |
| Legal & General Group Plc 0.08% of their portfolio | 3.0m $309.6m | Reduced -7.8k |
| PineStone Asset Management Inc. 2.89% of their portfolio | 2.9m $299.5m | Added +143.1k |
| Capital Research Global Investors 0.06% of their portfolio | 2.8m $289.0m | Added +2.3k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 2.5m $262.4m | Added +1.2k |
| USS Investment Management Ltd 1.77% of their portfolio | 2.3m $240.7m | Added +35 |
| VAN ECK ASSOCIATES CORP 0.29% of their portfolio | 2.3m $232.7m | Added +2.2m |
| LONDON CO OF VIRGINIA 1.24% of their portfolio | 2.3m $234.6m | Added +46.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.24% of their portfolio | 2.2m $234.7m | Reduced -411.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 2.2m $232.5m | Reduced -1.7k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 2.0m $209.1m | Reduced -227.9k |
| OMERS ADMINISTRATION Corp 1.88% of their portfolio | 2.0m $204.1m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 1.9m $195.8m | Reduced -72.1k |
| Guinness Asset Management LTD 3.64% of their portfolio | 1.9m $192.4m | Added +81.0k |
| PRIMECAP MANAGEMENT CO/CA/ 0.14% of their portfolio | 1.8m $188.5m | Added +589 |
| FUNDSMITH INVESTMENT SERVICES LTD. 2.30% of their portfolio | 1.8m $185.2m | Added +5.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.66% of their portfolio | 1.6m $171.3m | Added +178.2k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 1.5m $154.8m | Added +12.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.56% of their portfolio | 1.5m $152.6m | Reduced -15.8k |
| Pictet Asset Management Holding SA 0.16% of their portfolio | 1.4m $141.9m | Reduced -65.6k |
| Clearbridge Investments, LLC 0.11% of their portfolio | 1.3m $137.9m | Reduced -8.2k |
| Boston Partners 0.16% of their portfolio | 1.3m $133.7m | Reduced -721.1k |
| California Public Employees Retirement System 0.09% of their portfolio | 1.2m $125.9m | Added +514.4k |
| Swiss National Bank 0.08% of their portfolio | 1.2m $124.7m | Reduced -400 |
| UBS Group AG 0.03% of their portfolio | 1.2m $123.6m | Reduced -42.0k |
| AVIVA PLC 0.32% of their portfolio | 1.2m $122.7m | Added +74.3k |
| JENNISON ASSOCIATES LLC 0.08% of their portfolio | 1.2m $122.5m | Reduced -337.8k |
| National Pension Service 0.12% of their portfolio | 1.2m $122.2m | Added +105.5k |
| Russell Investments Group, Ltd. 0.17% of their portfolio | 1.1m $117.8m | Reduced -12.5k |
| Fayez Sarofim & Co 0.28% of their portfolio | 1.1m $111.8m | Added +62.9k |
| Lazard Freres Gestion S.A.S. 2.25% of their portfolio | 1.0m $106.0m | Reduced -18.7k |
| BROWN BROTHERS HARRIMAN & CO 0.72% of their portfolio | 1.0m $105.9m | Added +203.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 928.9k $96.5m | Reduced -2.6k |
| Fisher Asset Management, LLC 0.04% of their portfolio | 923.2k $96.0m | Reduced -176.3k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.38% of their portfolio | 902.5k $93.8m | Reduced -1.3m |
| Nuveen Asset Management, LLC 0.03% of their portfolio | 882.9k $91.8m | Added +1.3k |
| BARCLAYS PLC 0.04% of their portfolio | 867.5k $90.2m | Reduced -64.7k |
| HighTower Advisors, LLC 0.13% of their portfolio | 858.3k $89.3m | Reduced -28.1k |
| MACQUARIE GROUP LTD 0.10% of their portfolio | 853.3k $88.7m | Added +115.7k |
| Gates Capital Management, Inc. 2.44% of their portfolio | 826.7k $85.9m | Reduced -27.2k |
| PARNASSUS INVESTMENTS, LLC 0.18% of their portfolio | 822.8k $85.5m | Reduced -29.1k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 757.6k $78.7m | Reduced -22.8k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 750.4k $77.9m | Added +112.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.19% of their portfolio | 724.9k $75.3m | Reduced -90.2k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 721.2k $75.0m | Reduced -46.9k |
| NATIONAL BANK OF CANADA /FI/ 0.10% of their portfolio | 714.4k $74.3m | Added +523.5k |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 686.6k $71.4m | Reduced -105.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio | 685.3k $71.2m | Added +158.0k |
| Amundi 0.02% of their portfolio | 667.4k $67.5m | Reduced -286.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 658.9k $68.5m | Added +2.3k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 641.5k $66.7m | Added +5.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio | 636.2k $66.1m | Reduced -23.7k |
| CANADA LIFE ASSURANCE Co 0.11% of their portfolio | 626.8k $65.2m | Added +17.4k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 616.5k $64.1m | Reduced -309.8k |
| PINEBRIDGE INVESTMENTS, L.P. 0.47% of their portfolio | 603.3k $62.7m | Reduced -23.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio | 589.7k $61.3m | Reduced -173.6k |
| HM PAYSON & CO 1.02% of their portfolio | 569.5k $59.2m | Added +2.7k |
| Railway Pension Investments Ltd 0.70% of their portfolio | 563.9k $58.6m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 545.8k $56.7m | Added +38.7k |
| Artisan Partners Limited Partnership 0.08% of their portfolio | 544.4k $56.6m | Reduced -6.5k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 536.3k $55.7m | Reduced -86.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.13% of their portfolio | 499.3k $51.9m | Reduced -627.5k |
| Rathbones Group PLC 0.25% of their portfolio | 472.6k $49.1m | Added +18.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 471.0k $49.0m | Added +6.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.09% of their portfolio | 459.3k $47.7m | Reduced -13.5k |
| Candriam S.C.A. 0.27% of their portfolio | 456.1k $47.4m | Added +163.5k |
| PNC Financial Services Group, Inc. 0.03% of their portfolio | 439.9k $45.7m | Reduced -9.8k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 409.8k $42.8m | Added +28.4k |
| CITIGROUP INC 0.04% of their portfolio | 409.7k $42.6m | Reduced -51.1k |
| COMGEST GLOBAL INVESTORS S.A.S. 0.59% of their portfolio | 398.2k $41.4m | Reduced -24.9k |
| J. Stern & Co. LLP 4.34% of their portfolio | 391.7k $40.7m | Added +13.1k |
| Bahl & Gaynor LLC 0.21% of their portfolio | 383.7k $39.9m | Reduced -33.1k |
| PENSIOENFONDS RAIL & OV 2.74% of their portfolio | 379.7k $39.5m | Unchanged |
| Squarepoint Ops LLC 0.13% of their portfolio | 373.0k $38.8m | Reduced -81.7k |
| J. Safra Sarasin Holding AG 0.67% of their portfolio | 370.2k $38.5m | Added +74.8k |
| FIFTHDELTA Ltd 12.81% of their portfolio | 369.2k $38.4m | Reduced -31.0k |