SOLVENTUM CORP SOLV
COM SHS · Common Stock · CUSIP 83444M101 · ISIN US83444M1018
American health care company spun off from 3M in 2024
- SectorHealth care
- IndustrySurgical & Medical Instruments & Apparatus
- HeadquartersEagan, MN
- Founded2024
- Websitesolventum.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 ($12.5m this quarter). Holder counts are more reliable. Shares outstanding: 172.8m as of 2024-09-30, 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 ≈ $66.08. Options: 17 managers hold calls ($42.1m notional), 14 hold puts ($29.1m).
Trends to Q4 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2024 | 67 |
| Q2 2024 | 908 |
| Q3 2024 | 943 |
| Q4 2024 | 944 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 865 | 30 |
| Q3 2024 | 316 | 540 |
| Q4 2024 | 268 | 513 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $7.3m | $10.6m | 1.45 |
| Q2 2024 | $48.8m | $22.5m | 0.46 |
| Q3 2024 | $48.0m | $64.8m | 1.35 |
| Q4 2024 | $42.1m | $29.1m | 0.69 |
Biggest buyers
| Boston Partners | New | +1.7m |
| TRIAN FUND MANAGEMENT, L.P. | Added | +1.3m |
| Independent Franchise Partners LLP | Added | +821.3k |
| NORDEA INVESTMENT MANAGEMENT AB | Added | +432.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +347.7k |
| Candlestick Capital Management LP | Added | +323.9k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +310.2k |
| NORTHERN TRUST CORP | Added | +309.1k |
| DEUTSCHE BANK AG\ | Added | +299.0k |
| Diamond Hill Capital Management, LLC (Investment Advisor) | New | +240.9k |
Biggest sellers
| Point72 Asset Management, L.P. | Sold out | -730.8k |
| JPMORGAN CHASE & CO | Reduced | -595.6k |
| Capital World Investors | Sold out | -391.2k |
| BAUPOST GROUP LLC/MA | Reduced | -373.7k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -345.9k |
| Newtyn Management, LLC | Reduced | -338.1k |
| FMR LLC | Reduced | -325.9k |
| NUANCE INVESTMENTS, LLC | Reduced | -283.1k |
| Invenomic Capital Management LP | Reduced | -264.3k |
| Assenagon Asset Management S.A. | Reduced | -252.0k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $15.4m232.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.7m132.3k shares |
| MILLENNIUM MANAGEMENT LLC | New | $6.6m100.6k shares |
| Walleye Trading LLC | Added | $3.2m48.2k shares |
| IMC-Chicago, LLC | Reduced | $1.9m28.6k shares |
| Walleye Capital LLC | Added | $1.5m22.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.4m21.7k shares |
| JANE STREET GROUP, LLC | Added | $1.1m16.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $871.0k13.2k shares |
| GROUP ONE TRADING LLC | Reduced | $422.8k6.4k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $9.4m142.3k shares |
| JANE STREET GROUP, LLC | Reduced | $5.3m80.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.7m71.7k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $3.3m49.4k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.3m20.1k shares |
| IMC-Chicago, LLC | Reduced | $1.2m17.5k shares |
| Walleye Trading LLC | Reduced | $1.1m17.2k shares |
| BARCLAYS PLC | Unchanged | $829.1k12.6k shares |
| Walleye Capital LLC | Reduced | $640.8k9.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $495.0k7.5k 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 |
|---|---|
| 3M CO 13G · exempt (held before listing) -5.1 pts · filed 2025-08-18 | 14.8% |
| Independent Franchise Partners LLP 13G · institution +1.4 pts · filed 2026-01-27 | 8.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 6.3% |
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 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.
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 16.3m $1.1bn | Added +75.6k |
| BlackRock, Inc. 0.01% of their portfolio | 10.5m $692.5m | Reduced -120.0k |
| TRIAN FUND MANAGEMENT, L.P. 14.41% of their portfolio | 8.5m $559.1m | Added +1.3m |
| STATE STREET CORP 0.02% of their portfolio | 6.2m $409.1m | Added +85.1k |
| Davis Selected Advisers 2.01% of their portfolio | 5.2m $346.6m | Reduced -24.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 3.5m $228.0m | Added +112.7k |
| NORGES BANK 0.03% of their portfolio | 3.1m $203.7m | Added +1.6k |
| Invesco Ltd. 0.04% of their portfolio | 2.9m $193.1m | Added +176.2k |
| Madison Avenue Partners, LP 19.78% of their portfolio | 2.8m $186.8m | Unchanged |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.12% of their portfolio | 2.1m $136.7m | Unchanged |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.41% of their portfolio | 1.9m $122.3m | Added +51.1k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.7m $115.6m | Added +309.1k |
| Newport Trust Company, LLC 0.27% of their portfolio | 1.7m $110.9m | Reduced -111.9k |
| Boston Partners 0.13% of their portfolio | 1.7m $110.4m | New |
| Independent Franchise Partners LLP 0.80% of their portfolio | 1.6m $105.9m | Added +821.3k |
| BAUPOST GROUP LLC/MA 2.78% of their portfolio | 1.4m $95.5m | Reduced -373.7k |
| AQR CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 1.4m $94.3m | Reduced -51.4k |
| MORGAN STANLEY 0.01% of their portfolio | 1.4m $89.9m | Reduced -60.4k |
| NUANCE INVESTMENTS, LLC 3.62% of their portfolio | 1.4m $89.6m | Reduced -283.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio | 1.2m $78.8m | Added +347.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.1m $75.9m | Reduced -36.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 1.1m $73.1m | Added +52.4k |
| FMR LLC 0.00% of their portfolio | 1.1m $69.6m | Reduced -325.9k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 961.8k $63.5m | Added +299.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 943.7k $62.3m | Added +36.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 855.7k $56.5m | Added +41.6k |
| Candlestick Capital Management LP 1.91% of their portfolio | 802.6k $53.0m | Added +323.9k |
| Amundi 0.02% of their portfolio | 669.1k $46.1m | Reduced -102.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.05% of their portfolio | 659.9k $43.9m | Added +432.0k |
| ANCHOR CAPITAL ADVISORS LLC 1.23% of their portfolio | 651.1k $43.0m | Reduced -24.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 602.9k $39.8m | Reduced -595.6k |
| QVIDTVM Management LLC 29.92% of their portfolio | 562.3k $37.1m | Added +65.0k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 534.2k $35.3m | Reduced -7.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 527.7k $34.9m | Added +78.7k |
| Legal & General Group Plc 0.01% of their portfolio | 522.0k $34.5m | Added +16.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.11% of their portfolio | 494.2k $32.6m | Reduced -59.4k |
| UBS Group AG 0.01% of their portfolio | 491.4k $32.5m | Added +70.9k |
| US BANCORP \DE\ 0.04% of their portfolio | 484.5k $32.0m | Reduced -18.0k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 474.4k $31.3m | Reduced -32.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.10% of their portfolio | 432.3k $28.6m | Added +310.2k |
| Swiss National Bank 0.02% of their portfolio | 414.7k $27.4m | Reduced -21.0k |
| Railway Pension Investments Ltd 0.35% of their portfolio | 399.9k $26.4m | Added +4.7k |
| HBK INVESTMENTS L P 0.44% of their portfolio | 347.6k $23.0m | Added +163.7k |
| Invenomic Capital Management LP 1.19% of their portfolio | 320.6k $21.2m | Reduced -264.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 320.3k $21.2m | Reduced -52.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 319.4k $21.1m | Added +76.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 313.7k $20.7m | Reduced -132.1k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 281.3k $18.6m | First filing |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 274.9k $18.2m | Added +24.0k |
| Ananym Capital Management, LP 10.68% of their portfolio | 266.7k $17.6m | First filing |
| South Dakota Investment Council 0.35% of their portfolio | 266.6k $17.6m | Reduced -3.4k |
| LONE PEAK GLOBAL INVESTORS LLC 3.62% of their portfolio | 264.2k $17.5m | Reduced -15.3k |
| BARCLAYS PLC 0.01% of their portfolio | 262.7k $17.4m | Reduced -66.3k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 258.2k $17.1m | Reduced -157.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 252.2k $16.7m | Reduced -32.5k |
| Mitsubishi UFJ Trust & Banking Corp 0.04% of their portfolio | 245.8k $16.2m | Added +7.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 244.7k $16.2m | Added +68.9k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.07% of their portfolio | 240.9k $15.9m | New |
| PNC Financial Services Group, Inc. 0.01% of their portfolio | 240.8k $15.9m | Reduced -23.8k |
| KBC Group NV 0.04% of their portfolio | 234.9k $15.5m | Added +206.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 230.4k $15.5m | Added +47.5k |
| California Public Employees Retirement System 0.01% of their portfolio | 214.8k $14.2m | Reduced -14.2k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 212.1k $14.0m | Reduced -345.9k |
| Philosophy Capital Management LLC 1.85% of their portfolio | 207.8k $13.7m | New |
| GENERAL AMERICAN INVESTORS CO INC 0.98% of their portfolio | 207.3k $13.7m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 200.5k $13.2m | Added +770 |
| Gotham Asset Management, LLC 0.12% of their portfolio | 190.8k $12.6m | Added +3.7k |
| PINEBRIDGE INVESTMENTS, L.P. 0.09% of their portfolio | 190.4k $12.6m | Added +152.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 185.1k $12.2m | Added +22.9k |
| Aberdeen Group plc 0.02% of their portfolio | 183.5k $12.1m | Added +834 |
| QV Investors Inc. 1.24% of their portfolio | 182.3k $12.0m | Reduced -68.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 180.6k $11.9m | Added +1.7k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 177.9k $11.8m | Reduced -4.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 171.4k $11.3m | Added +1.8k |
| WOLVERINE ASSET MANAGEMENT LLC 0.20% of their portfolio | 171.0k $11.3m | New |
| Newtyn Management, LLC 1.89% of their portfolio | 164.5k $10.9m | Reduced -338.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 153.1k $10.1m | Reduced -5.4k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 146.6k $9.7m | Added +44.3k |
| NOMURA HOLDINGS INC 0.05% of their portfolio | 143.4k $9.5m | New |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 140.0k $9.2m | Added +83.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 132.8k $8.8m | Unchanged |
| Dorsey & Whitney Trust CO LLC 0.48% of their portfolio | 131.1k $8.7m | Reduced -184 |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 126.3k $8.1m | Added +78.3k |
| PARSONS CAPITAL MANAGEMENT INC/RI 0.45% of their portfolio | 125.5k $8.3m | Reduced -108 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 124.7k $8.2m | Added +4.8k |
| AustralianSuper Pty Ltd 0.04% of their portfolio | 124.6k $8.2m | Reduced -12.1k |
| Korea Investment CORP 0.02% of their portfolio | 120.7k $8.0m | Added +1.4k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 118.0k $7.8m | Added +75.2k |
| INVESTMENT MANAGEMENT ASSOCIATES INC /ADV 3.29% of their portfolio | 114.1k $7.5m | Reduced -775 |
| THOMPSON SIEGEL & WALMSLEY LLC 0.12% of their portfolio | 111.9k $7.4m | Added +1.2k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.02% of their portfolio | 111.8k $7.4m | Added +6.8k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 110.5k $7.3m | Added +2.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 109.9k $7.3m | Reduced -8.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 107.6k $7.1m | Reduced -31.1k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 106.8k $7.1m | Reduced -1.4k |
| Swiss Life Asset Management Ltd 0.05% of their portfolio | 106.7k $7.0m | Reduced -65.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 105.4k $7.0m | Reduced -55.6k |
| Swedbank AB 0.01% of their portfolio | 102.3k $6.8m | Reduced -4.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 89.0k $5.9m | Reduced -5.2k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 88.9k $5.9m | Reduced -5.6k |