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 ($20.0m this quarter). Holder counts are more reliable. Shares outstanding: 173.4m as of 2025-10-31, 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 ≈ $79.21. Options: 11 managers hold calls ($41.1m notional), 9 hold puts ($12.3m).
Trends to Q4 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 |
| Q3 2025 | 870 |
| Q4 2025 | 941 |
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 |
| Q3 2025 | 331 | 352 |
| Q4 2025 | 354 | 377 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $43.4m | $73.2m | 1.69 |
| Q2 2025 | $115.1m | $33.6m | 0.29 |
| Q3 2025 | $86.0m | $27.2m | 0.32 |
| Q4 2025 | $41.1m | $12.3m | 0.30 |
Biggest buyers
| Independent Franchise Partners LLP | Added | +2.5m |
| Diamond Hill Capital Management, LLC (Investment Advisor) | Added | +1.3m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +763.3k |
| Davis Selected Advisers | Added | +702.5k |
| Ruffer LLP | Added | +407.0k |
| BANK OF AMERICA CORP /DE/ | Added | +365.8k |
| HSBC HOLDINGS PLC | Added | +232.2k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +221.5k |
| AQR CAPITAL MANAGEMENT LLC | Added | +211.4k |
| MORGAN STANLEY | Added | +193.2k |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -1.4m |
| JPMORGAN CHASE & CO | Reduced | -794.3k |
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -744.2k |
| Boston Partners | Reduced | -544.8k |
| ROYAL BANK OF CANADA | Reduced | -493.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Sold out | -292.6k |
| Assenagon Asset Management S.A. | Reduced | -285.7k |
| Zimmer Partners, LP | Sold out | -275.0k |
| TRIAN FUND MANAGEMENT, L.P. | Reduced | -226.1k |
| QVIDTVM Management LLC | Reduced | -206.1k |
Biggest calls
| PEAK6 LLC | New | $12.7m160.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $11.5m145.6k shares |
| Twin Tree Management, LP | Reduced | $6.7m84.9k shares |
| IMC-Chicago, LLC | Added | $3.0m38.0k shares |
| JANE STREET GROUP, LLC | Reduced | $2.9m36.8k shares |
| CITADEL ADVISORS LLC | Reduced | $2.2m27.3k shares |
| Walleye Trading LLC | Reduced | $847.9k10.7k shares |
| GROUP ONE TRADING LLC | Reduced | $435.8k5.5k shares |
| Walleye Capital LLC | Unchanged | $324.9k4.1k shares |
| UBS Group AG | Unchanged | $253.6k3.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.9m74.7k shares |
| CITADEL ADVISORS LLC | Reduced | $2.5m32.1k shares |
| GENERAL AMERICAN INVESTORS CO INC | New | $1.9m22.7k shares |
| IMC-Chicago, LLC | Reduced | $1.0m12.7k shares |
| Walleye Trading LLC | Reduced | $435.8k5.5k shares |
| UBS Group AG | Reduced | $253.6k3.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $63.4k800 shares |
| LuminArx Capital Management LP | First filing | $53.5k10.0k shares |
| GROUP ONE TRADING LLC | Reduced | $47.5k600 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 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 Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 17.0m $1.3bn | Reduced -94.7k |
| Independent Franchise Partners LLP 7.74% of their portfolio | 15.4m $1.2bn | Added +2.5m |
| BlackRock, Inc. 0.01% of their portfolio | 10.3m $816.8m | Added +74.9k |
| TRIAN FUND MANAGEMENT, L.P. 16.38% of their portfolio | 8.2m $652.7m | Reduced -226.1k |
| STATE STREET CORP 0.02% of their portfolio | 6.3m $502.8m | Added +124.5k |
| Davis Selected Advisers 2.22% of their portfolio | 6.2m $492.9m | Added +702.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 4.6m $362.4m | Added +763.3k |
| Boston Partners 0.34% of their portfolio | 4.1m $323.7m | Reduced -544.8k |
| Invesco Ltd. 0.02% of their portfolio | 2.9m $232.2m | Added +96.2k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.86% of their portfolio | 2.1m $167.1m | Added +1.3m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.13% of their portfolio | 2.1m $164.0m | Unchanged |
| Madison Avenue Partners, LP 6.77% of their portfolio | 2.0m $157.5m | Reduced -318 |
| FMR LLC 0.01% of their portfolio | 1.9m $154.2m | Added +36.5k |
| NORGES BANK 0.02% of their portfolio | 1.9m $147.5m | Not comparable |
| MORGAN STANLEY 0.01% of their portfolio | 1.7m $131.6m | Added +193.2k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.39% of their portfolio | 1.6m $129.2m | Reduced -145.2k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.5m $121.7m | Reduced -60.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.5m $117.2m | Added +80.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.4m $112.8m | Added +365.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 968.6k $76.8m | Reduced -205.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 810.9k $64.3m | Reduced -55.1k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 792.6k $62.8m | Added +90.2k |
| UBS Group AG 0.01% of their portfolio | 747.9k $59.3m | Added +154.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 726.9k $57.6m | Reduced -48.3k |
| Assenagon Asset Management S.A. 0.08% of their portfolio | 643.2k $51.0m | Reduced -285.7k |
| NUANCE INVESTMENTS, LLC 5.61% of their portfolio | 642.1k $50.9m | Reduced -54.9k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 641.2k $50.8m | Added +1.6k |
| JENNISON ASSOCIATES LLC 0.03% of their portfolio | 625.8k $49.6m | Added +67.2k |
| Ruffer LLP 2.22% of their portfolio | 614.6k $48.8m | Added +407.0k |
| ANCHOR CAPITAL ADVISORS LLC 1.35% of their portfolio | 587.9k $46.6m | Reduced -10.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 578.5k $45.8m | Reduced -794.3k |
| Legal & General Group Plc 0.01% of their portfolio | 550.8k $43.6m | Added +18.3k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 538.0k $42.6m | Reduced -6.3k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 497.4k $39.4m | Reduced -180.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 486.6k $38.6m | Added +81.6k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 469.3k $37.2m | Added +211.4k |
| KBC Group NV 0.08% of their portfolio | 462.4k $36.6m | Added +158.2k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 454.3k $36.0m | Added +232.2k |
| Balyasny Asset Management L.P. 0.07% of their portfolio | 448.2k $35.5m | Reduced -132.5k |
| US BANCORP \DE\ 0.04% of their portfolio | 444.5k $35.2m | Added +19.4k |
| PZENA INVESTMENT MANAGEMENT LLC 0.10% of their portfolio | 435.3k $34.5m | Added +1.0k |
| Swiss National Bank 0.02% of their portfolio | 426.6k $33.8m | Reduced -22.3k |
| HBK INVESTMENTS L P 0.33% of their portfolio | 388.0k $30.7m | Added +2.4k |
| GENERAL AMERICAN INVESTORS CO INC 1.86% of their portfolio | 377.4k $29.9m | Unchanged |
| Philosophy Capital Management LLC 3.27% of their portfolio | 352.9k $28.0m | Added +8.9k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.47% of their portfolio | 330.5k $26.2m | Reduced -21.9k |
| Nuveen, LLC 0.01% of their portfolio | 315.3k $25.0m | Reduced -99.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 312.8k $24.8m | Added +161.0k |
| LONE PEAK GLOBAL INVESTORS LLC 4.16% of their portfolio | 308.7k $24.5m | Reduced -43.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 307.9k $24.3m | Added +93 |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 299.0k $23.7m | Reduced -19.9k |
| Gotham Asset Management, LLC 0.08% of their portfolio | 291.3k $23.1m | Added +155.9k |
| QVIDTVM Management LLC 26.06% of their portfolio | 290.6k $23.0m | Reduced -206.1k |
| Amundi 0.01% of their portfolio | 279.6k $22.2m | Reduced -180.2k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 275.5k $21.8m | Reduced -12.0k |
| Terril Brothers, Inc. 5.65% of their portfolio | 271.9k $21.5m | Added +6.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.05% of their portfolio | 270.2k $21.4m | Reduced -9.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 263.6k $20.9m | Reduced -4.3k |
| BARCLAYS PLC 0.01% of their portfolio | 263.4k $20.9m | Reduced -76.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 253.3k $20.1m | Added +5.1k |
| California Public Employees Retirement System 0.01% of their portfolio | 253.0k $20.0m | Reduced -379 |
| Ratan Capital Management LP 5.03% of their portfolio | 250.6k $18.3m | Added +45.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 248.2k $19.7m | Added +2.3k |
| QV Investors Inc. 1.55% of their portfolio | 239.3k $19.0m | Added +4.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 235.9k $18.7m | Reduced -493.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 229.7k $18.2m | Added +14.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.03% of their portfolio | 225.7k $17.9m | Added +221.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 216.6k $17.2m | Added +657 |
| CLARK ESTATES INC/NY 4.13% of their portfolio | 215.0k $17.0m | Added +60.0k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 212.5k $16.8m | Reduced -23.0k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 208.4k $16.5m | Added +64.8k |
| South Dakota Investment Council 0.30% of their portfolio | 200.9k $15.9m | Reduced -41.9k |
| Susquehanna Portfolio Strategies, LLC 0.24% of their portfolio | 198.3k $15.7m | Added +33.9k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 198.0k $15.7m | Added +154.8k |
| INVESTMENT MANAGEMENT ASSOCIATES INC /ADV 3.99% of their portfolio | 180.1k $14.3m | Reduced -78.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 175.2k $13.9m | Added +84.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 162.7k $12.9m | Added +4.0k |
| State of Tennessee, Department of Treasury 0.04% of their portfolio | 161.5k $12.4m | Reduced -16.6k |
| CITIGROUP INC 0.01% of their portfolio | 160.8k $12.7m | Reduced -8.3k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 160.5k $12.7m | Added +2.9k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 158.7k $12.6m | Added +4.1k |
| PNC Financial Services Group, Inc. 0.01% of their portfolio | 157.8k $12.5m | Reduced -14.5k |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 0.63% of their portfolio | 147.3k $11.7m | Added +67.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 133.8k $10.6m | Added +7.6k |
| Dorsey & Whitney Trust CO LLC 0.55% of their portfolio | 130.4k $10.3m | Reduced -678 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 127.9k $10.1m | Reduced -2.1k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 125.3k $9.9m | Added +14.8k |
| PARSONS CAPITAL MANAGEMENT INC/RI 0.54% of their portfolio | 125.0k $9.9m | Reduced -87 |
| Freestone Grove Partners LP 0.07% of their portfolio | 125.0k $9.9m | Unchanged |
| STOREBRAND ASSET MANAGEMENT AS 0.03% of their portfolio | 124.5k $9.9m | Reduced -16.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 122.5k $9.7m | Added +13.6k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 120.2k $9.5m | Added +8.8k |
| Newport Trust Company, LLC 0.02% of their portfolio | 120.2k $9.5m | Reduced -3.4k |
| Quantinno Capital Management LP 0.02% of their portfolio | 117.9k $9.3m | Added +14.2k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 117.5k $9.3m | Added +37.6k |
| AVIVA PLC 0.02% of their portfolio | 117.3k $9.3m | Added +6.6k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 112.8k $8.9m | Reduced -1.4m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 111.4k $8.8m | Added +4.6k |
| Strong Tower Advisory Services 1.52% of their portfolio | 107.4k $8.5m | Added +8.2k |
| Mayar Capital Ltd. 11.47% of their portfolio | 106.6k $8.4m | Unchanged |