PITNEY BOWES INC PBI
COM · Common Stock · CUSIP 724479100 · ISIN US7244791007
- SectorTechnology
- IndustryOffice Machines, NEC
- HeadquartersShelton, CT
- Founded1920
- Websitepitneybowes.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 ($1.3m this quarter). Holder counts are more reliable. Shares outstanding: 172.1m as of 2025-07-25, 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 ≈ $10.91. Options: 12 managers hold calls ($32.3m notional), 10 hold puts ($15.3m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 264 |
| Q4 2022 | 269 |
| Q1 2023 | 261 |
| Q2 2023 | 237 |
| Q3 2023 | 223 |
| Q4 2023 | 238 |
| Q1 2024 | 246 |
| Q2 2024 | 236 |
| Q3 2024 | 276 |
| Q4 2024 | 285 |
| Q1 2025 | 316 |
| Q2 2025 | 319 |
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 | 79 | 110 |
| Q4 2023 | 94 | 90 |
| Q1 2024 | 91 | 118 |
| Q2 2024 | 110 | 105 |
| Q3 2024 | 144 | 94 |
| Q4 2024 | 123 | 118 |
| Q1 2025 | 151 | 140 |
| Q2 2025 | 168 | 145 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $25.4m | $18.2m | 0.72 |
| Q4 2024 | $25.8m | $17.4m | 0.68 |
| Q1 2025 | $25.2m | $14.7m | 0.58 |
| Q2 2025 | $32.3m | $15.3m | 0.47 |
Biggest buyers
| T. Rowe Price Investment Management, Inc. | New | +2.0m |
| Ancora Advisors LLC | New | +1.7m |
| DIMENSIONAL FUND ADVISORS LP | Added | +1.4m |
| HENNESSY ADVISORS INC | New | +1.2m |
| MILLENNIUM MANAGEMENT LLC | Added | +797.7k |
| Brandywine Global Investment Management, LLC | New | +539.8k |
| Cannell & Spears LLC | Added | +452.8k |
| Permit Capital, LLC | Added | +450.0k |
| TWO SIGMA INVESTMENTS, LP | Added | +400.0k |
| GROUP ONE TRADING LLC | Added | +342.7k |
Biggest sellers
| Hestia Capital Management, LLC | Reduced | -1.7m |
| Alyeska Investment Group, L.P. | Sold out | -1.2m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.1m |
| Invesco Ltd. | Reduced | -894.7k |
| D. E. Shaw & Co., Inc. | Reduced | -549.5k |
| DEUTSCHE BANK AG\ | Reduced | -438.7k |
| WINTON GROUP Ltd | Reduced | -371.9k |
| BANK OF AMERICA CORP /DE/ | Reduced | -358.8k |
| Cubist Systematic Strategies, LLC | Sold out | -325.8k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | Sold out | -314.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $9.4m866.0k shares |
| GROUP ONE TRADING LLC | Reduced | $5.9m539.4k shares |
| PEAK6 LLC | Added | $3.5m320.2k shares |
| JANE STREET GROUP, LLC | Added | $3.3m298.5k shares |
| SIMPLEX TRADING, LLC | Added | $2.8m252.3k shares |
| CITIGROUP INC | Unchanged | $2.2m200.0k shares |
| CITADEL ADVISORS LLC | Reduced | $2.1m194.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.4m127.8k shares |
| IMC-Chicago, LLC | Reduced | $961.2k88.1k shares |
| Walleye Trading LLC | Added | $695.0k63.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.7m426.4k shares |
| GROUP ONE TRADING LLC | Added | $3.5m317.5k shares |
| CITADEL ADVISORS LLC | Reduced | $2.3m208.3k shares |
| SIMPLEX TRADING, LLC | Added | $2.2m201.0k shares |
| IMC-Chicago, LLC | Reduced | $1.1m103.4k shares |
| Walleye Capital LLC | Reduced | $777.9k71.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $465.7k42.8k shares |
| Walleye Trading LLC | Reduced | $182.2k16.7k shares |
| JANE STREET GROUP, LLC | Reduced | $151.6k13.9k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-04-07 | 9.8% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.7% |
| LSV ASSET MANAGEMENT 13G · institution new · filed 2026-08-06 | 5.3% |
Fell to 5% or below in the last year: HESTIA CAPITAL PARTNERS LP (4.6%, 2026-05-11), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO 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 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 1 | $226.1k | 1 | $343.5k | $343.5k |
| Q1 2025 | 0 | — | 4 | $22.8m | $22.8m |
| Q2 2025 | 1 | $1.9k | 2 | $39.2k | $39.2k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-26 | DEFINA LAUREN THOMAS VP, Chief Accounting Officer | Sold plan | $22.0k2.0k shares |
| 2025-05-09 | Levene Catherine Director | Bought | $1.9k200 shares |
| 2025-04-23 | Freemen-Bosworth Lauren EVP/Gen Counsel & Corp Sec | Sold plan | $17.2k2.0k 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 0.00% of their portfolio | 21.2m $231.4m | Reduced -105.3k |
| BlackRock, Inc. 0.00% of their portfolio | 17.5m $191.0m | Reduced -202.7k |
| Hestia Capital Management, LLC 98.02% of their portfolio | 12.0m $131.3m | Reduced -1.7m |
| STATE STREET CORP 0.00% of their portfolio | 6.4m $69.5m | Added +188.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 4.0m $43.8m | Added +240.5k |
| MORGAN STANLEY 0.00% of their portfolio | 3.6m $39.1m | Reduced -46.7k |
| Permit Capital, LLC 10.07% of their portfolio | 2.9m $31.1m | Added +450.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.6m $28.5m | Reduced -1.1m |
| CAPITAL MANAGEMENT CORP /VA 4.02% of their portfolio | 2.2m $23.6m | Added +178.5k |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 2.0m $22.3m | New |
| Invesco Ltd. 0.00% of their portfolio | 2.0m $22.1m | Reduced -894.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.9m $21.3m | Added +222.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.9m $20.9m | Added +59.1k |
| Cannell & Spears LLC 0.39% of their portfolio | 1.8m $19.4m | Added +452.8k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 1.8m $19.2m | Reduced -289.2k |
| Ancora Advisors LLC 0.38% of their portfolio | 1.7m $18.2m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.6m $17.3m | Added +65.2k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.4m $15.7m | Added +797.7k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.4m $15.2m | Added +1.4m |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 1.3m $14.2m | Added +400.0k |
| HENNESSY ADVISORS INC 0.42% of their portfolio | 1.2m $12.7m | New |
| UBS Group AG 0.00% of their portfolio | 1.1m $12.4m | Added +134.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.1m $12.0m | Added +223.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 956.3k $10.4m | Added +168.1k |
| GROUP ONE TRADING LLC 0.31% of their portfolio | 855.6k $9.3m | Added +342.7k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 816.7k $8.9m | Added +82.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 732.2k $8.0m | Reduced -188.8k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 729.5k $8.0m | Reduced -88.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 696.1k $7.6m | Reduced -358.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 681.1k $7.4m | Added +210.6k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 650.9k $7.1m | Reduced -245.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 638.0k $7.0m | Added +129.4k |
| Westside Investment Management, Inc. 1.23% of their portfolio | 608.3k $6.6m | Unchanged |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 604.7k $6.6m | Reduced -77.7k |
| Nuveen, LLC 0.00% of their portfolio | 582.6k $6.4m | Reduced -5.4k |
| Squarepoint Ops LLC 0.01% of their portfolio | 566.5k $6.2m | Added +167.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 563.8k $6.2m | Reduced -5.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 540.8k $5.9m | Reduced -5.3k |
| Brandywine Global Investment Management, LLC 0.04% of their portfolio | 539.8k $5.9m | New |
| Public Sector Pension Investment Board 0.03% of their portfolio | 538.4k $5.9m | Added +37.0k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 525.5k $5.7m | Added +7.3k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 523.2k $5.7m | Reduced -549.5k |
| Gifford Fong Associates 1.28% of their portfolio | 511.1k $5.6m | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 501.6k $5.5m | Added +39.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 469.0k $5.1m | Added +78.5k |
| GAMCO INVESTORS, INC. ET AL 0.05% of their portfolio | 462.7k $5.0m | Reduced -2.6k |
| Legal & General Group Plc 0.00% of their portfolio | 444.2k $4.8m | Added +10.9k |
| FMR LLC 0.00% of their portfolio | 441.7k $4.8m | Reduced -112.9k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 440.7k $4.8m | Reduced -287.8k |
| PEAK6 LLC 0.08% of their portfolio | 424.7k $4.6m | Added +260.7k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 411.9k $4.5m | Reduced -438.7k |
| Parallax Volatility Advisers, L.P. 0.17% of their portfolio | 400.0k $4.4m | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 372.9k $4.1m | Added +161.5k |
| SIMPLEX TRADING, LLC 0.10% of their portfolio | 353.1k $3.9m | Added +171.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 346.3k $3.8m | Added +293.3k |
| Swiss National Bank 0.00% of their portfolio | 332.3k $3.6m | Added +14.5k |
| NORGES BANK 0.00% of their portfolio | 331.0k $3.6m | Unchanged |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.07% of their portfolio | 321.1k $3.5m | Reduced -21.2k |
| Informed Momentum Co LLC 0.53% of their portfolio | 319.2k $3.5m | Reduced -47.2k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 314.3k $3.4m | New |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 308.0k $3.4m | Added +86.9k |
| LPL Financial LLC 0.00% of their portfolio | 294.4k $3.2m | Reduced -56.9k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 279.9k $3.1m | Reduced -215.3k |
| Systematic Alpha Investments, LLC 0.11% of their portfolio | 275.0k $3.0m | Unchanged |
| ADVISORY RESEARCH INC 0.46% of their portfolio | 272.7k $3.0m | Reduced -16.0k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 271.4k $3.0m | Added +95.5k |
| Kingsview Wealth Management, LLC 0.05% of their portfolio | 265.3k $2.9m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 257.8k $2.8m | Added +1.2k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 222.8k $2.4m | Added +34.3k |
| Diametric Capital, LP 1.29% of their portfolio | 221.6k $2.4m | New |
| Gotham Asset Management, LLC 0.01% of their portfolio | 206.3k $2.3m | Added +70.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 205.5k $2.2m | Added +27.1k |
| PARK CIRCLE Co 1.91% of their portfolio | 204.2k $2.2m | Unchanged |
| INTECH INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 201.5k $2.2m | Added +6.2k |
| RBF Capital, LLC 0.11% of their portfolio | 201.0k $2.2m | Added +19.0k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 194.2k $2.1m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 188.1k $2.1m | Reduced -1.1k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 185.3k $2.0m | Reduced -39.8k |
| CITIGROUP INC 0.00% of their portfolio | 181.0k $2.0m | Reduced -60.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 179.8k $2.0m | Added +3.2k |
| Jackson Creek Investment Advisors LLC 0.51% of their portfolio | 171.9k $1.9m | Added +23.6k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 168.9k $1.8m | Reduced -28.5k |
| ALGERT GLOBAL LLC 0.04% of their portfolio | 167.1k $1.8m | Reduced -113.0k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 164.9k $1.8m | Added +7.1k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.03% of their portfolio | 162.3k $1.8m | Reduced -1.1k |
| Harvest Investment Services, LLC 0.39% of their portfolio | 161.4k $1.8m | New |
| CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 0.50% of their portfolio | 160.0k $1.7m | Reduced -20.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 158.0k $1.7m | Reduced -56.0k |
| Verition Fund Management LLC 0.01% of their portfolio | 152.8k $1.7m | Reduced -9.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 150.7k $1.6m | Added +3.8k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 149.7k $1.6m | New |
| Engineers Gate Manager LP 0.02% of their portfolio | 149.2k $1.6m | Added +13.8k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 142.7k $1.6m | Reduced -17.7k |
| IMC-Chicago, LLC 0.04% of their portfolio | 142.2k $1.6m | Reduced -32.2k |
| ALPS ADVISORS INC 0.01% of their portfolio | 135.4k $1.5m | Reduced -5.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 132.7k $1.4m | Added +15.9k |
| American Assets Investment Management, LLC 0.11% of their portfolio | 130.0k $1.3m | Unchanged |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 129.9k $1.4m | Reduced -84.1k |
| PICTON MAHONEY ASSET MANAGEMENT 0.02% of their portfolio | 125.9k $1.4m | Added +81.1k |
| Brevan Howard Capital Management LP 0.02% of their portfolio | 125.6k $1.4m | New |