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 ($7.2m this quarter). Holder counts are more reliable. Shares outstanding: 173.0m as of 2025-04-30, 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 ≈ $75.94. Options: 13 managers hold calls ($43.4m notional), 15 hold puts ($73.2m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2024 | 67 |
| Q2 2024 | 908 |
| Q3 2024 | 943 |
| Q4 2024 | 944 |
| Q1 2025 | 918 |
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 |
| Q1 2025 | 294 | 470 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $48.8m | $22.5m | 0.46 |
| Q3 2024 | $48.0m | $64.8m | 1.35 |
| Q4 2024 | $42.1m | $29.1m | 0.69 |
| Q1 2025 | $43.4m | $73.2m | 1.69 |
Biggest buyers
| Independent Franchise Partners LLP | Added | +4.2m |
| Boston Partners | Added | +1.7m |
| Assenagon Asset Management S.A. | Added | +499.0k |
| FMR LLC | Added | +465.5k |
| WEDGE CAPITAL MANAGEMENT L L P/NC | Added | +429.1k |
| D. E. Shaw & Co., Inc. | Added | +413.4k |
| Candlestick Capital Management LP | Added | +387.4k |
| Diamond Hill Capital Management, LLC (Investment Advisor) | Added | +336.3k |
| LORD, ABBETT & CO. LLC | New | +310.0k |
| CITADEL ADVISORS LLC | Added | +295.8k |
Biggest sellers
| NORGES BANK | Reduced | -1.3m |
| NUANCE INVESTMENTS, LLC | Reduced | -655.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Sold out | -432.3k |
| BAUPOST GROUP LLC/MA | Reduced | -393.1k |
| Invenomic Capital Management LP | Sold out | -320.6k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -284.8k |
| Invesco Ltd. | Reduced | -221.3k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -212.1k |
| PINEBRIDGE INVESTMENTS, L.P. | Sold out | -190.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -176.4k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $15.4m202.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $10.7m140.4k shares |
| JANE STREET GROUP, LLC | Added | $4.0m52.4k shares |
| SIMPLEX TRADING, LLC | Added | $3.6m47.2k shares |
| IMC-Chicago, LLC | Added | $3.2m42.5k shares |
| Walleye Trading LLC | Reduced | $2.5m32.6k shares |
| WOLVERINE TRADING, LLC | Added | $1.9m25.5k shares |
| Walleye Capital LLC | Reduced | $844.0k11.1k shares |
| GROUP ONE TRADING LLC | Added | $692.0k9.1k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $319.4k4.2k shares |
Biggest puts
| MILLENNIUM MANAGEMENT LLC | New | $30.8m405.0k shares |
| CITADEL ADVISORS LLC | Added | $14.6m191.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $12.0m157.5k shares |
| NOMURA HOLDINGS INC | New | $8.0m105.0k shares |
| JANE STREET GROUP, LLC | Reduced | $2.1m27.9k shares |
| IMC-Chicago, LLC | Unchanged | $1.3m17.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $755.0k10.1k shares |
| GROUP ONE TRADING LLC | Added | $730.0k9.6k shares |
| SIMPLEX TRADING, LLC | Added | $722.0k9.5k shares |
| Walleye Trading LLC | Reduced | $714.8k9.4k 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 Q1 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.
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 16.2m $1.2bn | Reduced -43.0k |
| BlackRock, Inc. 0.02% of their portfolio | 10.6m $804.6m | Added +99.5k |
| TRIAN FUND MANAGEMENT, L.P. 17.23% of their portfolio | 8.5m $643.5m | Unchanged |
| STATE STREET CORP 0.02% of their portfolio | 6.2m $471.4m | Added +6.7k |
| Independent Franchise Partners LLP 3.16% of their portfolio | 5.8m $442.6m | Added +4.2m |
| Davis Selected Advisers 2.32% of their portfolio | 5.3m $402.1m | Added +41.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 3.5m $267.3m | Added +66.7k |
| Boston Partners 0.31% of their portfolio | 3.4m $255.6m | Added +1.7m |
| Madison Avenue Partners, LP 18.16% of their portfolio | 2.8m $213.9m | Reduced -14.7k |
| Invesco Ltd. 0.04% of their portfolio | 2.7m $205.4m | Reduced -221.3k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.14% of their portfolio | 2.1m $157.3m | Unchanged |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.46% of their portfolio | 1.8m $138.5m | Reduced -29.4k |
| NORGES BANK 0.02% of their portfolio | 1.8m $138.1m | Reduced -1.3m |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.8m $137.5m | Added +58.4k |
| FMR LLC 0.01% of their portfolio | 1.5m $115.5m | Added +465.5k |
| Newport Trust Company, LLC 0.29% of their portfolio | 1.5m $114.4m | Reduced -175.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.09% of their portfolio | 1.5m $111.0m | Added +266.3k |
| MORGAN STANLEY 0.01% of their portfolio | 1.4m $104.6m | Added +14.5k |
| Candlestick Capital Management LP 3.55% of their portfolio | 1.2m $90.5m | Added +387.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.2m $89.3m | Added +24.8k |
| AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 1.1m $85.7m | Reduced -284.8k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.1m $85.1m | Added +263.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 1.1m $84.3m | Added +2.9k |
| BAUPOST GROUP LLC/MA 2.29% of their portfolio | 1.1m $80.1m | Reduced -393.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 921.9k $70.1m | Reduced -21.8k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 841.2k $64.0m | Reduced -120.5k |
| NUANCE INVESTMENTS, LLC 3.50% of their portfolio | 700.4k $53.3m | Reduced -655.8k |
| NORDEA INVESTMENT MANAGEMENT AB 0.06% of their portfolio | 690.9k $52.1m | Added +31.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 661.4k $50.3m | Added +58.4k |
| ANCHOR CAPITAL ADVISORS LLC 1.44% of their portfolio | 632.9k $48.1m | Reduced -18.2k |
| UBS Group AG 0.01% of their portfolio | 578.4k $44.0m | Added +87.0k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.20% of their portfolio | 577.2k $43.9m | Added +336.3k |
| Assenagon Asset Management S.A. 0.08% of their portfolio | 566.6k $43.1m | Added +499.0k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 548.0k $41.7m | Added +13.9k |
| Legal & General Group Plc 0.01% of their portfolio | 547.3k $41.6m | Added +25.3k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 531.4k $40.4m | Added +413.4k |
| Amundi 0.01% of their portfolio | 526.4k $37.0m | Reduced -142.7k |
| QVIDTVM Management LLC 34.55% of their portfolio | 513.9k $39.1m | Reduced -48.4k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.74% of their portfolio | 504.4k $38.4m | Added +429.1k |
| US BANCORP \DE\ 0.05% of their portfolio | 472.7k $35.9m | Reduced -11.8k |
| Nuveen, LLC 0.01% of their portfolio | 465.2k $35.4m | First filing |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.10% of their portfolio | 426.8k $32.5m | Reduced -67.3k |
| Swiss National Bank 0.02% of their portfolio | 414.2k $31.5m | Reduced -500 |
| Railway Pension Investments Ltd 0.43% of their portfolio | 399.9k $30.4m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 351.2k $26.7m | Reduced -176.4k |
| HBK INVESTMENTS L P 0.46% of their portfolio | 347.7k $26.4m | Added +71 |
| BARCLAYS PLC 0.01% of their portfolio | 323.0k $24.6m | Added +60.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 319.7k $24.3m | Reduced -586 |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 315.1k $24.0m | Added +33.8k |
| Philosophy Capital Management LLC 3.14% of their portfolio | 310.1k $23.6m | Added +102.3k |
| LORD, ABBETT & CO. LLC 0.08% of their portfolio | 310.0k $23.6m | New |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 300.3k $22.8m | Added +25.3k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 296.8k $22.6m | Added +295.8k |
| KBC Group NV 0.07% of their portfolio | 292.8k $22.3m | Added +57.9k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 292.4k $22.2m | Reduced -21.3k |
| LONE PEAK GLOBAL INVESTORS LLC 4.09% of their portfolio | 261.7k $19.9m | Reduced -2.5k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 260.2k $19.7m | Added +2.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 255.5k $19.4m | Added +3.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 255.4k $19.4m | First filing |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 251.4k $19.1m | Reduced -68.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 250.1k $19.0m | Added +19.6k |
| South Dakota Investment Council 0.38% of their portfolio | 246.7k $18.8m | Reduced -19.9k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 243.6k $18.5m | Added +103.6k |
| Gotham Asset Management, LLC 0.14% of their portfolio | 219.3k $16.7m | Added +28.5k |
| GENERAL AMERICAN INVESTORS CO INC 1.20% of their portfolio | 212.3k $16.1m | Added +5.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 211.3k $16.1m | Reduced -3.5k |
| QV Investors Inc. 1.61% of their portfolio | 209.8k $16.0m | Added +27.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 201.0k $15.3m | Added +499 |
| PNC Financial Services Group, Inc. 0.01% of their portfolio | 199.3k $15.2m | Reduced -41.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 193.5k $14.7m | Added +12.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 170.4k $13.0m | Reduced -968 |
| TWINBEECH CAPITAL LP 0.23% of their portfolio | 170.1k $12.9m | Added +108.3k |
| Ananym Capital Management, LP 6.28% of their portfolio | 166.1k $12.6m | Reduced -100.6k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.09% of their portfolio | 161.1k $12.3m | First filing |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 152.0k $11.6m | Reduced -1.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio | 134.6k $10.2m | Added +27.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 132.8k $10.1m | Unchanged |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 132.8k $10.1m | Reduced -45.2k |
| Dorsey & Whitney Trust CO LLC 0.58% of their portfolio | 131.1k $10.0m | Reduced -6 |
| CITIGROUP INC 0.01% of their portfolio | 128.6k $9.8m | Added +54.2k |
| PARSONS CAPITAL MANAGEMENT INC/RI 0.52% of their portfolio | 125.4k $9.5m | Reduced -126 |
| AustralianSuper Pty Ltd 0.05% of their portfolio | 124.6k $9.5m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 119.6k $9.1m | Reduced -27.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.02% of their portfolio | 116.8k $8.9m | Reduced -129.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 114.8k $8.7m | Reduced -9.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 112.4k $8.5m | Added +2.6k |
| INVESTMENT MANAGEMENT ASSOCIATES INC /ADV 3.48% of their portfolio | 111.9k $8.5m | Reduced -2.2k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.02% of their portfolio | 106.5k $8.1m | Reduced -5.3k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 105.3k $8.0m | Added +37.4k |
| Kiltearn Partners LLP 1.46% of their portfolio | 100.6k $7.6m | Added +27.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 98.3k $7.5m | Added +30.6k |
| AVIVA PLC 0.02% of their portfolio | 96.9k $7.4m | Added +14.1k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 96.7k $7.4m | Reduced -8.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 96.6k $7.3m | Added +20.7k |
| Fund 1 Investments, LLC 1.24% of their portfolio | 96.3k $7.3m | New |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 93.6k $7.1m | Reduced -13.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 92.5k $7.0m | Added +47.0k |
| Financial Harvest, LLC 3.84% of their portfolio | 91.7k $4.7m | New |
| Mayar Capital Ltd. 11.72% of their portfolio | 87.0k $6.6m | Added +56.7k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 84.4k $6.4m | Reduced -2.7k |