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 ($8.0m this quarter). Holder counts are more reliable. Shares outstanding: 173.4m as of 2025-07-31, 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 ≈ $75.77. Options: 15 managers hold calls ($115.1m notional), 15 hold puts ($33.6m).
Trends to Q2 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 |
| Q2 2025 | 891 |
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 |
| Q2 2025 | 293 | 446 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $48.0m | $64.8m | 1.35 |
| Q4 2024 | $42.1m | $29.1m | 0.69 |
| Q1 2025 | $43.4m | $73.2m | 1.69 |
| Q2 2025 | $115.1m | $33.6m | 0.29 |
Biggest buyers
| Independent Franchise Partners LLP | Added | +4.3m |
| ROYAL BANK OF CANADA | Added | +1.4m |
| MILLENNIUM MANAGEMENT LLC | New | +601.3k |
| CITADEL ADVISORS LLC | Added | +455.5k |
| Boston Partners | Added | +308.8k |
| GOLDMAN SACHS GROUP INC | Added | +271.7k |
| Davis Selected Advisers | Added | +204.5k |
| NUANCE INVESTMENTS, LLC | Added | +183.0k |
| Susquehanna Portfolio Strategies, LLC | Added | +182.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +165.5k |
Biggest sellers
| Newport Trust Company, LLC | Reduced | -1.4m |
| BAUPOST GROUP LLC/MA | Sold out | -1.1m |
| BlackRock, Inc. | Reduced | -935.3k |
| Madison Avenue Partners, LP | Reduced | -568.7k |
| Railway Pension Investments Ltd | Reduced | -383.6k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -361.6k |
| D. E. Shaw & Co., Inc. | Reduced | -324.6k |
| LORD, ABBETT & CO. LLC | Sold out | -310.0k |
| Amundi | Reduced | -273.5k |
| NORTHERN TRUST CORP | Reduced | -267.3k |
Biggest calls
| Twin Tree Management, LP | New | $52.7m695.2k shares |
| MILLENNIUM MANAGEMENT LLC | New | $25.9m341.0k shares |
| CITADEL ADVISORS LLC | Reduced | $13.1m173.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.1m120.0k shares |
| JANE STREET GROUP, LLC | Reduced | $3.4m44.4k shares |
| Walleye Trading LLC | Reduced | $2.3m29.8k shares |
| Point72 Asset Management, L.P. | New | $2.0m25.8k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.7m22.7k shares |
| Walleye Capital LLC | Added | $1.5m20.0k shares |
| IMC-Chicago, LLC | Reduced | $1.2m15.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $12.0m157.8k shares |
| Twin Tree Management, LP | New | $6.6m87.2k shares |
| CITADEL ADVISORS LLC | Reduced | $4.8m63.9k shares |
| BARCLAYS PLC | New | $2.6m33.7k shares |
| IMC-Chicago, LLC | Added | $2.4m31.4k shares |
| Point72 Asset Management, L.P. | New | $1.8m23.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $618.8k8.2k shares |
| Walleye Trading LLC | Reduced | $584.0k7.7k shares |
| Walleye Capital LLC | Added | $485.4k6.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $439.0k5.8k 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 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.
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 16.3m $1.2bn | Added +29.5k |
| Independent Franchise Partners LLP 5.12% of their portfolio | 10.1m $769.1m | Added +4.3m |
| BlackRock, Inc. 0.01% of their portfolio | 9.6m $731.6m | Reduced -935.3k |
| TRIAN FUND MANAGEMENT, L.P. 16.93% of their portfolio | 8.5m $641.8m | Unchanged |
| STATE STREET CORP 0.02% of their portfolio | 6.1m $463.2m | Reduced -91.3k |
| Davis Selected Advisers 2.23% of their portfolio | 5.5m $416.6m | Added +204.5k |
| Boston Partners 0.31% of their portfolio | 3.7m $278.4m | Added +308.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 3.6m $269.1m | Added +36.7k |
| Invesco Ltd. 0.03% of their portfolio | 2.7m $202.1m | Reduced -36.6k |
| Madison Avenue Partners, LP 11.36% of their portfolio | 2.2m $170.2m | Reduced -568.7k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.14% of their portfolio | 2.1m $156.9m | Unchanged |
| NORGES BANK 0.02% of their portfolio | 1.9m $140.5m | Added +36.1k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.44% of their portfolio | 1.8m $136.8m | Reduced -17.6k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.7m $125.2m | Added +1.4m |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.5m $116.8m | Reduced -267.3k |
| FMR LLC 0.01% of their portfolio | 1.4m $104.7m | Reduced -138.6k |
| MORGAN STANLEY 0.01% of their portfolio | 1.3m $100.7m | Reduced -47.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 1.3m $100.1m | Reduced -139.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.3m $95.1m | Added +79.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 1.1m $80.5m | Reduced -47.5k |
| Candlestick Capital Management LP 2.38% of their portfolio | 947.2k $71.8m | Reduced -242.8k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 924.0k $70.1m | Reduced -195.0k |
| NUANCE INVESTMENTS, LLC 5.22% of their portfolio | 883.4k $67.0m | Added +183.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 857.5k $65.0m | Reduced -64.4k |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 780.6k $58.8m | Reduced -361.6k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 752.2k $57.0m | Added +455.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.05% of their portfolio | 732.9k $55.5m | Added +42.0k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.25% of their portfolio | 721.0k $54.7m | Added +143.8k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 666.7k $50.6m | Reduced -174.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 624.9k $47.4m | Reduced -36.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 623.0k $47.2m | Added +271.7k |
| UBS Group AG 0.01% of their portfolio | 614.9k $46.6m | Added +36.4k |
| ANCHOR CAPITAL ADVISORS LLC 1.36% of their portfolio | 611.3k $46.4m | Reduced -21.6k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 601.3k $45.6m | New |
| Assenagon Asset Management S.A. 0.07% of their portfolio | 579.4k $43.9m | Added +12.7k |
| Legal & General Group Plc 0.01% of their portfolio | 528.4k $40.1m | Reduced -18.9k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 525.8k $39.9m | Reduced -22.3k |
| QVIDTVM Management LLC 39.00% of their portfolio | 513.4k $38.9m | Reduced -537 |
| US BANCORP \DE\ 0.04% of their portfolio | 451.1k $34.2m | Reduced -21.6k |
| Swiss National Bank 0.02% of their portfolio | 445.1k $33.8m | Added +30.9k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.56% of their portfolio | 416.9k $31.6m | Reduced -87.5k |
| BARCLAYS PLC 0.01% of their portfolio | 407.4k $30.9m | Added +84.4k |
| Nuveen, LLC 0.01% of their portfolio | 402.5k $30.5m | Reduced -62.7k |
| GENERAL AMERICAN INVESTORS CO INC 1.92% of their portfolio | 377.4k $28.6m | Added +165.0k |
| HBK INVESTMENTS L P 0.49% of their portfolio | 362.0k $27.5m | Added +14.3k |
| KBC Group NV 0.07% of their portfolio | 336.9k $25.5m | Added +44.1k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 324.4k $24.6m | Added +9.3k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 315.7k $23.9m | Added +15.4k |
| Philosophy Capital Management LLC 2.96% of their portfolio | 310.1k $23.5m | Unchanged |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 296.0k $22.4m | Reduced -23.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 281.7k $21.4m | Added +26.3k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.06% of their portfolio | 276.4k $21.0m | Reduced -150.4k |
| LONE PEAK GLOBAL INVESTORS LLC 3.90% of their portfolio | 269.8k $20.5m | Added +8.1k |
| CITIGROUP INC 0.01% of their portfolio | 268.6k $20.4m | Added +140.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 267.0k $20.2m | Added +16.9k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 257.7k $19.5m | Added +14.2k |
| South Dakota Investment Council 0.37% of their portfolio | 255.6k $19.4m | Added +9.0k |
| Amundi 0.01% of their portfolio | 253.0k $19.8m | Reduced -273.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 250.4k $19.0m | Reduced -42.0k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 248.9k $18.9m | Reduced -11.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 236.1k $17.9m | Added +165.5k |
| INVESTMENT MANAGEMENT ASSOCIATES INC /ADV 6.00% of their portfolio | 234.8k $17.8m | Added +123.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 230.9k $17.5m | Reduced -24.5k |
| California Public Employees Retirement System 0.01% of their portfolio | 229.0k $17.4m | Added +17.7k |
| Gotham Asset Management, LLC 0.10% of their portfolio | 219.2k $16.6m | Reduced -73 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 210.2k $15.9m | Added +75.6k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 206.8k $15.7m | Reduced -324.6k |
| QV Investors Inc. 1.52% of their portfolio | 204.4k $15.5m | Reduced -5.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 204.0k $15.5m | Added +10.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 201.0k $15.2m | Reduced -34 |
| Susquehanna Portfolio Strategies, LLC 0.32% of their portfolio | 194.7k $14.8m | Added +182.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 192.2k $14.6m | Added +40.2k |
| PNC Financial Services Group, Inc. 0.01% of their portfolio | 186.0k $14.1m | Reduced -13.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 154.3k $11.7m | Reduced -16.1k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.04% of their portfolio | 137.2k $10.4m | Added +70.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 133.8k $10.1m | Added +980 |
| Dorsey & Whitney Trust CO LLC 0.53% of their portfolio | 131.1k $9.9m | Added +29 |
| Newport Trust Company, LLC 0.02% of their portfolio | 127.0k $9.6m | Reduced -1.4m |
| PARSONS CAPITAL MANAGEMENT INC/RI 0.58% of their portfolio | 125.1k $9.5m | Reduced -211 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 115.2k $8.7m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 114.8k $8.7m | Added +25 |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 113.1k $8.6m | Reduced -6.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 112.9k $8.6m | Added +14.6k |
| INTECH INVESTMENT MANAGEMENT LLC 0.08% of their portfolio | 111.7k $8.5m | Added +95.1k |
| Mayar Capital Ltd. 14.86% of their portfolio | 106.6k $8.1m | Added +19.6k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 105.9k $8.0m | Added +25.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 104.4k $7.9m | Reduced -8.0k |
| AVIVA PLC 0.02% of their portfolio | 103.5k $7.8m | Added +6.5k |
| Kiltearn Partners LLP 1.52% of their portfolio | 99.5k $7.5m | Reduced -1.1k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 99.4k $7.5m | Added +5.8k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 97.4k $7.4m | Reduced -7.9k |
| Terril Brothers, Inc. 2.76% of their portfolio | 96.5k $7.3m | Added +12.8k |
| BROADWATER CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 94.7k $94.7k | Added +93.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 93.0k $7.1m | Reduced -3.5k |
| AustralianSuper Pty Ltd 0.04% of their portfolio | 93.0k $7.1m | Reduced -31.6k |
| STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio | 91.8k $7.0m | Added +47.3k |
| Korea Investment CORP 0.02% of their portfolio | 90.9k $6.9m | Added +28.7k |
| Quantinno Capital Management LP 0.03% of their portfolio | 89.8k $6.8m | Added +63.8k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 87.8k $6.7m | Reduced -44.9k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 87.5k $6.6m | Added +3.1k |