REGENERON PHARMACEUTICALS REGN
COM · Common Stock · CUSIP 75886F107 · ISIN US75886F1075
American pharmaceutical company
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersTarrytown, NY
- Founded1988
- Websiteregeneron.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 ($300.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $624.96. Options: 33 managers hold calls ($1.0bn notional), 29 hold puts ($998.9m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,080 |
| Q4 2022 | 1,159 |
| Q1 2023 | 1,195 |
| Q2 2023 | 1,168 |
| Q3 2023 | 1,182 |
| Q4 2023 | 1,275 |
| Q1 2024 | 1,313 |
| Q2 2024 | 1,335 |
| Q3 2024 | 1,393 |
| Q4 2024 | 1,320 |
| Q1 2025 | 1,292 |
| Q2 2025 | 1,202 |
| Q3 2025 | 1,243 |
| Q4 2025 | 1,387 |
| Q1 2026 | 1,400 |
| Q2 2026 | 1,337 |
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 2024 | 662 | 533 |
| Q4 2024 | 561 | 709 |
| Q1 2025 | 650 | 603 |
| Q2 2025 | 563 | 683 |
| Q3 2025 | 646 | 527 |
| Q4 2025 | 686 | 562 |
| Q1 2026 | 683 | 565 |
| Q2 2026 | 595 | 705 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.5bn | $1.1bn | 0.70 |
| Q4 2025 | $2.2bn | $1.2bn | 0.57 |
| Q1 2026 | $1.0bn | $1.1bn | 1.06 |
| Q2 2026 | $1.0bn | $998.9m | 0.97 |
Biggest buyers
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +1.5m |
| Dodge & Cox | Added | +412.9k |
| Assenagon Asset Management S.A. | Added | +282.1k |
| SG Americas Securities, LLC | Added | +269.4k |
| NORDEA INVESTMENT MANAGEMENT AB | Added | +269.2k |
| WORLDQUANT MILLENNIUM ADVISORS LLC | Added | +253.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +222.1k |
| FIRST TRUST ADVISORS LP | Added | +200.3k |
| STATE STREET CORP | Added | +170.2k |
| BlackRock, Inc. | Added | +165.8k |
Biggest sellers
| FMR LLC | Reduced | -686.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -647.8k |
| Capital World Investors | Reduced | -604.1k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -567.4k |
| JPMORGAN CHASE & CO | Reduced | -537.6k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -499.9k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -284.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -261.0k |
| Polar Capital Holdings Plc | Sold out | -192.5k |
| Pictet Asset Management Holding SA | Reduced | -183.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $236.3m378.9k shares |
| JANE STREET GROUP, LLC | Added | $198.7m318.6k shares |
| CITADEL ADVISORS LLC | Added | $169.2m271.3k shares |
| IMC-Chicago, LLC | Added | $109.4m175.5k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $106.7m171.1k shares |
| Nantahala Capital Management, LLC | Added | $49.9m80.0k shares |
| Bronte Capital Management Pty Ltd. | Unchanged | $42.8m68.6k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $21.4m34.4k shares |
| GROUP ONE TRADING LLC | Added | $13.8m22.1k shares |
| Walleye Trading LLC | Added | $11.2m18.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $432.7m693.9k shares |
| CITADEL ADVISORS LLC | Added | $165.0m264.6k shares |
| JANE STREET GROUP, LLC | Added | $112.5m180.5k shares |
| MARSHALL WACE, LLP | New | $79.2m127.0k shares |
| IMC-Chicago, LLC | Added | $71.5m114.7k shares |
| LMR Partners LLP | Unchanged | $24.3m39.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $22.5m36.1k shares |
| GROUP ONE TRADING LLC | Reduced | $13.3m21.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $11.5m18.5k shares |
| Walleye Trading LLC | Added | $11.2m18.0k 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 | 7.4% |
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 since 1 Apr 2026
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 2024 | 0 | — | 2 | $2.0m | $2.0m |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 3 | $5.1m | $570.0k |
| Q1 2026 | 0 | — | 4 | $4.2m | $4.2m |
| Q2 2026 | 0 | — | 1 | $148.3k | $148.3k |
| Q3 2026 | 0 | — | 4 | $3.4m | $3.4m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-03 | McCourt Marion EVP Commercial | Sold plan | $969.7k1.1k shares |
| 2026-09-02 | McCourt Marion EVP Commercial | Sold plan | $1.0m1.2k shares |
| 2026-09-02 | Guarini Kathryn Director | Sold plan | $340.0k400 shares |
| 2026-08-10 | Zoghbi Huda Y Director | Sold plan | $640.0k800 shares |
| 2026-08-10 | Guarini Kathryn Director | Sold plan | $320.0k400 shares |
| 2026-07-02 | RYAN ARTHUR F Director | Sold plan | $130.0k200 shares |
| 2026-05-01 | RYAN ARTHUR F Director | Sold plan | $70.5k100 shares |
| 2026-04-01 | RYAN ARTHUR F Director | Sold plan | $77.7k100 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.08% of their portfolio | 9.1m $5.7bn | Added +165.8k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 6.6m $4.1bn | Reduced -25.2k |
| Dodge & Cox 1.59% of their portfolio | 4.9m $3.0bn | Added +412.9k |
| STATE STREET CORP 0.09% of their portfolio | 4.8m $3.0bn | Added +170.2k |
| Invesco Ltd. 0.19% of their portfolio | 3.9m $2.5bn | Added +35.6k |
| JPMORGAN CHASE & CO 0.14% of their portfolio | 3.8m $2.4bn | Reduced -537.6k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.09% of their portfolio | 3.2m $2.0bn | Added +1.5m |
| FRANKLIN RESOURCES INC 0.37% of their portfolio | 2.8m $1.7bn | Added +49.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 2.6m $1.6bn | Added +18.1k |
| Nuveen, LLC 0.30% of their portfolio | 2.0m $1.3bn | Reduced -45.1k |
| LOOMIS SAYLES & CO L P 1.45% of their portfolio | 1.9m $1.2bn | Reduced -53.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.10% of their portfolio | 1.5m $953.8m | Reduced -647.8k |
| MORGAN STANLEY 0.05% of their portfolio | 1.4m $871.5m | Added +78.4k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 1.3m $805.0m | Added +101.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.14% of their portfolio | 1.3m $792.0m | Reduced -567.4k |
| NORGES BANK 0.07% of their portfolio | 1.2m $731.3m | Not comparable |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 1.2m $725.3m | Reduced -137.4k |
| AQR CAPITAL MANAGEMENT LLC 0.24% of their portfolio | 1.1m $702.2m | Reduced -104.9k |
| Amundi 0.15% of their portfolio | 1.0m $632.0m | Added +3.7k |
| NORTHERN TRUST CORP 0.07% of their portfolio | 916.5k $571.5m | Reduced -25.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio | 846.3k $527.7m | Added +41.8k |
| FMR LLC 0.02% of their portfolio | 832.0k $518.8m | Reduced -686.2k |
| Capital World Investors 0.06% of their portfolio | 814.9k $508.1m | Reduced -604.1k |
| Legal & General Group Plc 0.10% of their portfolio | 760.0k $473.9m | Added +27.9k |
| Bank of New York Mellon Corp 0.08% of their portfolio | 758.5k $473.0m | Reduced -6.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 716.6k $446.8m | Reduced -7.1k |
| TWO SIGMA INVESTMENTS, LP 0.31% of their portfolio | 656.1k $409.1m | Reduced -156.1k |
| VANGUARD FIDUCIARY TRUST CO 0.08% of their portfolio | 563.7k $351.5m | Reduced -6.2k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 559.7k $349.0m | Added +46.6k |
| FIRST TRUST ADVISORS LP 0.20% of their portfolio | 547.1k $341.2m | Added +200.3k |
| DEUTSCHE BANK AG\ 0.09% of their portfolio | 518.4k $323.2m | Reduced -107.0k |
| Assenagon Asset Management S.A. 0.20% of their portfolio | 489.9k $305.4m | Added +282.1k |
| Robeco Institutional Asset Management B.V. 0.35% of their portfolio | 460.6k $287.2m | Added +111.8k |
| Man Group plc 0.50% of their portfolio | 437.0k $272.5m | Added +121.7k |
| SG Americas Securities, LLC 0.15% of their portfolio | 427.7k $266.7m | Added +269.4k |
| NEUBERGER BERMAN GROUP LLC 0.18% of their portfolio | 422.0k $263.1m | Reduced -5.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.13% of their portfolio | 399.8k $249.3m | Reduced -48.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.11% of their portfolio | 393.7k $245.5m | Added +222.1k |
| HSBC HOLDINGS PLC 0.11% of their portfolio | 382.0k $238.5m | Added +58.7k |
| National Pension Service 0.15% of their portfolio | 379.8k $236.8m | Added +8.3k |
| Pacer Advisors, Inc. 0.60% of their portfolio | 369.5k $230.4m | Added +10.8k |
| NORDEA INVESTMENT MANAGEMENT AB 0.19% of their portfolio | 363.5k $227.4m | Added +269.2k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.76% of their portfolio | 354.0k $220.7m | Added +253.3k |
| CITIGROUP INC 0.10% of their portfolio | 346.6k $216.1m | Added +161.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.21% of their portfolio | 331.6k $206.7m | Added +58.4k |
| Allianz Asset Management GmbH 0.24% of their portfolio | 327.7k $237.2m | Added +26.5k |
| UBS Group AG 0.03% of their portfolio | 298.2k $186.0m | Reduced -1.7k |
| Swiss National Bank 0.10% of their portfolio | 293.0k $182.7m | Reduced -10.1k |
| ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio | 292.3k $225.9m | Reduced -134.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.10% of their portfolio | 282.2k $176.0m | Added +8.5k |
| FIL Ltd 0.12% of their portfolio | 265.5k $165.5m | Reduced -44.0k |
| TD Asset Management Inc 0.14% of their portfolio | 259.3k $161.7m | Reduced -91.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.09% of their portfolio | 257.4k $160.5m | Added +16.9k |
| FEDERATED HERMES, INC. 0.23% of their portfolio | 256.9k $160.2m | Added +1.9k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.58% of their portfolio | 256.5k $159.9m | Added +42.3k |
| BARCLAYS PLC 0.05% of their portfolio | 256.2k $159.7m | Reduced -56.9k |
| LSV ASSET MANAGEMENT 0.29% of their portfolio | 253.2k $157.9m | Added +56.9k |
| Caisse de depot et placement du Quebec 0.22% of their portfolio | 250.6k $156.3m | Reduced -78.4k |
| Russell Investments Group, Ltd. 0.13% of their portfolio | 230.2k $143.6m | Added +2.1k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 227.5k $142.2m | Reduced -92.2k |
| Vanguard Global Advisers, LLC 0.07% of their portfolio | 226.7k $141.4m | Reduced -1.8k |
| California Public Employees Retirement System 0.08% of their portfolio | 224.3k $139.8m | Added +5.5k |
| Qube Research & Technologies Ltd 0.15% of their portfolio | 221.6k $138.2m | Added +138.2k |
| DekaBank Deutsche Girozentrale 0.27% of their portfolio | 211.2k $157.7m | Unchanged |
| CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio | 209.9k $130.9m | Added +22.4k |
| Squarepoint Ops LLC 0.24% of their portfolio | 198.6k $123.8m | Added +35.8k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.08% of their portfolio | 197.8k $123.3m | Added +21.4k |
| Candriam S.C.A. 0.55% of their portfolio | 195.7k $121.9m | Added +9.3k |
| MCDONALD CAPITAL INVESTORS INC/CA 8.79% of their portfolio | 193.0k $120.4m | Reduced -12.8k |
| Swedbank AB 0.10% of their portfolio | 189.8k $118.4m | Reduced -25.7k |
| Epoch Investment Partners, Inc. 0.66% of their portfolio | 186.8k $116.5m | Reduced -51.9k |
| Carmignac Gestion 1.48% of their portfolio | 182.5k $113.8m | Added +65.9k |
| BANK OF NOVA SCOTIA 0.17% of their portfolio | 181.7k $113.3m | Added +84.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.10% of their portfolio | 180.2k $112.4m | Added +149.6k |
| KBC Group NV 0.24% of their portfolio | 179.5k $111.9m | Added +141.0k |
| Chevy Chase Trust Holdings, LLC 0.29% of their portfolio | 179.1k $111.6m | Reduced -26.8k |
| PANAGORA ASSET MANAGEMENT INC 0.34% of their portfolio | 175.3k $109.3m | Added +70.1k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 174.5k $108.8m | Reduced -176.7k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 172.9k $107.8m | Added +7.4k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 165.1k $103.0m | Added +102.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.43% of their portfolio | 164.0k $102.2m | Added +148.6k |
| Bronte Capital Management Pty Ltd. 11.41% of their portfolio | 162.6k $101.4m | Reduced -10.2k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 157.8k $98.4m | Added +13 |
| ACADIAN ASSET MANAGEMENT LLC 0.12% of their portfolio | 157.4k $98.1m | Added +6.2k |
| Bellevue Group AG 2.06% of their portfolio | 157.3k $98.1m | Reduced -121.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 156.7k $97.7m | Added +2.5k |
| Pictet Asset Management Holding SA 0.09% of their portfolio | 153.5k $96.5m | Reduced -183.8k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 4.95% of their portfolio | 152.3k $95.0m | Added +21.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.13% of their portfolio | 148.2k $92.4m | Added +81.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.07% of their portfolio | 148.0k $92.3m | Reduced -261.0k |
| Jupiter Topco LLC 0.04% of their portfolio | 144.8k $90.3m | First filing |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 140.8k $87.8m | Reduced -1.2k |
| MACKENZIE FINANCIAL CORP 0.08% of their portfolio | 135.8k $84.7m | Added +49.5k |
| Thrivent Financial for Lutherans 0.14% of their portfolio | 131.5k $82.0m | Added +123.0k |
| PRUDENTIAL FINANCIAL INC 0.09% of their portfolio | 130.7k $81.5m | Reduced -9.8k |
| NATIXIS ADVISORS, LLC 0.09% of their portfolio | 129.2k $80.6m | Added +3.6k |
| Retirement Systems of Alabama 0.24% of their portfolio | 127.9k $79.7m | Reduced -416 |
| Sound Shore Management Inc /CT/ 2.44% of their portfolio | 127.0k $79.2m | Reduced -24.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 126.3k $78.8m | Reduced -2.7k |
| JUPITER ASSET MANAGEMENT LTD 0.39% of their portfolio | 126.1k $78.6m | Added +125.8k |