STARBUCKS CORP SBUX
COM · Common Stock · CUSIP 855244109 · ISIN US8552441094
American multinational coffee company
- SectorConsumer discretionary
- IndustryRetail-Eating & Drinking Places
- HeadquartersSeattle, WA
- Founded1971
- Websitestarbucks.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 ($506.7m this quarter). Holder counts are more reliable. Shares outstanding: 1.1bn as of 2023-04-26, 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 ≈ $103.15. Options: 59 managers hold calls ($3.2bn notional), 62 hold puts ($1.9bn).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,167 |
| Q4 2022 | 2,336 |
| Q1 2023 | 2,373 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 1,009 | 1,038 |
| Q1 2023 | 1,039 | 1,118 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $2.7bn | $2.0bn | 0.73 |
| Q4 2022 | $3.0bn | $2.2bn | 0.73 |
| Q1 2023 | $3.2bn | $1.9bn | 0.60 |
Biggest buyers
| FMR LLC | Added | +5.7m |
| Varenne Capital Partners | New | +2.0m |
| CITADEL ADVISORS LLC | Added | +1.5m |
| STRS OHIO | Added | +1.5m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +1.3m |
| TWO SIGMA INVESTMENTS, LP | New | +1.2m |
| AMERIPRISE FINANCIAL INC | Added | +1.2m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.2m |
| BANK OF AMERICA CORP /DE/ | Added | +1.2m |
| GOLDMAN SACHS GROUP INC | Added | +1.1m |
Biggest sellers
| McElhenny Sheffield Capital Management, LLC | Sold out | -7.9m |
| Capital World Investors | Reduced | -7.5m |
| MORGAN STANLEY | Reduced | -5.0m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -2.5m |
| T. Rowe Price Investment Management, Inc. | Reduced | -2.2m |
| BLS Capital Fondsmaeglerselskab A/S | Reduced | -2.1m |
| Cottage Street Advisors LLC | Reduced | -1.9m |
| TRUIST FINANCIAL CORP | Reduced | -1.7m |
| BARCLAYS PLC | Reduced | -1.4m |
| Swedbank AB | Reduced | -1.2m |
Biggest calls
| Laurion Capital Management LP | Added | $769.6m7.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $430.2m4.1m shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | New | $373.5m3.6m shares |
| GOLDMAN SACHS GROUP INC | Added | $192.1m1.8m shares |
| CITADEL ADVISORS LLC | Reduced | $184.0m1.8m shares |
| JANE STREET GROUP, LLC | Reduced | $152.2m1.5m shares |
| D. E. Shaw & Co., Inc. | Reduced | $127.9m1.2m shares |
| Optiver Holding B.V. | Added | $125.9m1.2m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $101.5m974.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $79.3m761.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $304.0m2.9m shares |
| CITADEL ADVISORS LLC | Reduced | $230.3m2.2m shares |
| JANE STREET GROUP, LLC | Reduced | $124.3m1.2m shares |
| SIMPLEX TRADING, LLC | Reduced | $109.0m1.0m shares |
| Optiver Holding B.V. | Added | $100.5m965.1k shares |
| Laurion Capital Management LP | Reduced | $95.7m918.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $90.6m870.4k shares |
| D. E. Shaw & Co., Inc. | Reduced | $76.7m736.8k shares |
| GOLDMAN SACHS GROUP INC | Added | $65.8m631.5k shares |
| Gladius Capital Management LP | New | $62.5m600.0k 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 |
|---|---|
| Capital Research Global Investors 13G · institution +2.3 pts · filed 2026-05-14 | 9.0% |
| Capital World Investors 13G · institution -1.0 pts · filed 2026-08-12 | 8.2% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
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 2023
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 |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 4 | $35.4m | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 1 | $15.0m | 0 | — | — |
| Q3 2022 | 2 | $6.0m | 1 | $373.9k | — |
| Q4 2022 | 0 | — | 2 | $2.2m | — |
| Q1 2023 | 0 | — | 2 | $820.7k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-02-21 | Ruggeri Rachel evp, cfo | Sold | $77.6k736 shares |
| 2023-02-13 | Jenkins Zabrina acting evp, general counsel | Sold | $321.3k3.0k shares |
| 2023-01-09 | Ruggeri Rachel evp, cfo | Sold | $421.7k4.0k 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, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.28% of their portfolio | 106.1m $11.1bn | Added +512.1k |
| BlackRock Inc. 0.24% of their portfolio | 76.8m $8.0bn | Added +703.4k |
| STATE STREET CORP 0.26% of their portfolio | 44.1m $4.6bn | Added +135.6k |
| BANK OF AMERICA CORP /DE/ 0.39% of their portfolio | 32.2m $3.4bn | Added +1.2m |
| Capital Research Global Investors 0.80% of their portfolio | 26.8m $2.8bn | Added +785.7k |
| MORGAN STANLEY 0.24% of their portfolio | 21.7m $2.3bn | Reduced -5.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.29% of their portfolio | 21.5m $2.2bn | Added +331.0k |
| NORTHERN TRUST CORP 0.32% of their portfolio | 15.6m $1.6bn | Reduced -28.4k |
| ROYAL BANK OF CANADA 0.47% of their portfolio | 15.0m $1.6bn | Reduced -307.9k |
| NORGES BANK 0.29% of their portfolio | 12.6m $1.3bn | Added +236.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.24% of their portfolio | 11.7m $1.2bn | Reduced -2.5m |
| FMR LLC 0.05% of their portfolio | 11.5m $1.2bn | Added +5.7m |
| Fisher Asset Management, LLC 0.67% of their portfolio | 10.6m $1.1bn | Added +387.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.31% of their portfolio | 10.1m $1.0bn | Reduced -226.5k |
| WELLS FARGO & COMPANY/MN 0.32% of their portfolio | 10.1m $1.0bn | Reduced -182.4k |
| Bank of New York Mellon Corp 0.22% of their portfolio | 9.7m $1.0bn | Reduced -109.3k |
| LOOMIS SAYLES & CO L P 1.68% of their portfolio | 9.3m $968.3m | Reduced -266.9k |
| UBS Group AG 0.41% of their portfolio | 8.5m $885.3m | Added +292.5k |
| JPMORGAN CHASE & CO 0.11% of their portfolio | 8.4m $873.0m | Added +204.2k |
| Invesco Ltd. 0.23% of their portfolio | 8.0m $833.7m | Added +863.7k |
| OFI INVEST ASSET MANAGEMENT 0.38% of their portfolio | 7.6m $73.2k | First filing |
| Legal & General Group Plc 0.28% of their portfolio | 7.5m $779.3m | Added +104.4k |
| Capital International Investors 0.19% of their portfolio | 7.2m $744.7m | Added +48.4k |
| Nuveen Asset Management, LLC 0.26% of their portfolio | 6.8m $712.1m | Added +362.5k |
| PUBLIC INVESTMENT FUND 1.85% of their portfolio | 6.3m $657.4m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.17% of their portfolio | 6.0m $625.1m | Added +1.1m |
| FRANKLIN RESOURCES INC 0.28% of their portfolio | 5.4m $559.6m | Added +11.7k |
| ALLIANCEBERNSTEIN L.P. 0.24% of their portfolio | 5.3m $549.6m | Reduced -393.9k |
| JANUS HENDERSON GROUP PLC 0.34% of their portfolio | 4.9m $510.1m | Added +172.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.24% of their portfolio | 4.8m $504.6m | Added +289.0k |
| JENSEN INVESTMENT MANAGEMENT INC 3.81% of their portfolio | 4.8m $483.3m | Added +188.5k |
| Swiss National Bank 0.33% of their portfolio | 4.6m $474.3m | Reduced -108.2k |
| Amundi 0.25% of their portfolio | 4.4m $459.9m | Added +254.6k |
| STIFEL FINANCIAL CORP 0.64% of their portfolio | 4.3m $448.3m | Added +156.8k |
| LONDON CO OF VIRGINIA 2.55% of their portfolio | 4.2m $441.5m | Reduced -49.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.62% of their portfolio | 4.1m $426.4m | Added +245.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 3.8m $392.3m | Reduced -592.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.13% of their portfolio | 3.5m $369.1m | Reduced -11.9k |
| AMERIPRISE FINANCIAL INC 0.12% of their portfolio | 3.5m $359.7m | Added +1.2m |
| Sustainable Growth Advisers, LP 2.02% of their portfolio | 3.3m $348.4m | Added +641.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.17% of their portfolio | 3.3m $345.4m | Reduced -398.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.25% of their portfolio | 3.3m $341.8m | Reduced -15.4k |
| LORD, ABBETT & CO. LLC 0.61% of their portfolio | 3.3m $339.8m | Reduced -230.4k |
| CITADEL ADVISORS LLC 0.36% of their portfolio | 3.2m $328.5m | Added +1.5m |
| Bahl & Gaynor LLC 1.73% of their portfolio | 3.1m $320.4m | Reduced -46.0k |
| BARCLAYS PLC 0.33% of their portfolio | 3.0m $314.9m | Reduced -1.4m |
| MACKENZIE FINANCIAL CORP 0.46% of their portfolio | 2.8m $292.9m | Reduced -56.8k |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 2.8m $288.5m | Reduced -31.4k |
| California Public Employees Retirement System 0.26% of their portfolio | 2.8m $287.8m | Reduced -312.6k |
| TD Asset Management Inc 0.34% of their portfolio | 2.7m $281.4m | Added +671.8k |
| BLAIR WILLIAM & CO/IL 1.10% of their portfolio | 2.6m $275.2m | Added +44.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.19% of their portfolio | 2.6m $268.1m | Added +17.0k |
| Bridgewater Associates, LP 1.58% of their portfolio | 2.5m $259.1m | Reduced -124.0k |
| Capital World Investors 0.05% of their portfolio | 2.5m $256.3m | Reduced -7.5m |
| PRUDENTIAL FINANCIAL INC 0.39% of their portfolio | 2.4m $247.8m | Added +61.9k |
| Winslow Capital Management, LLC 1.20% of their portfolio | 2.3m $234.6m | Reduced -1.2m |
| RHUMBLINE ADVISERS 0.29% of their portfolio | 2.2m $233.3m | Reduced -99.0k |
| PICTET ASSET MANAGEMENT SA 0.29% of their portfolio | 2.2m $232.5m | Added +289.6k |
| Alphinity Investment Management Pty Ltd 5.17% of their portfolio | 2.2m $231.0m | Added +778.1k |
| STRS OHIO 0.35% of their portfolio | 2.2m $227.1m | Added +1.5m |
| Corient Private Wealth LP 0.59% of their portfolio | 2.1m $219.6m | Added +503.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.28% of their portfolio | 2.0m $211.2m | Reduced -104.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.31% of their portfolio | 2.0m $209.6m | Reduced -18.2k |
| J.P. Morgan Private Wealth Advisors LLC 0.44% of their portfolio | 2.0m $205.9m | Added +55.0k |
| Varenne Capital Partners 68.23% of their portfolio | 2.0m $203.7m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.22% of their portfolio | 1.9m $201.4m | Added +1.3m |
| National Pension Service 0.34% of their portfolio | 1.9m $188.7m | Added +112.3k |
| Mirae Asset Global Investments Co., Ltd. 0.44% of their portfolio | 1.8m $190.4m | Added +22.0k |
| APG Asset Management N.V. 0.35% of their portfolio | 1.7m $167.2m | Added +54.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.49% of their portfolio | 1.6m $165.8m | Added +90.0k |
| DEUTSCHE BANK AG\ 0.09% of their portfolio | 1.6m $163.7m | Reduced -70.5k |
| HSBC HOLDINGS PLC 0.21% of their portfolio | 1.5m $160.5m | Reduced -193.6k |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 1.5m $158.9m | Added +171.9k |
| T. Rowe Price Investment Management, Inc. 0.11% of their portfolio | 1.5m $158.1m | Reduced -2.2m |
| HighTower Advisors, LLC 0.34% of their portfolio | 1.5m $154.8m | Reduced -29.7k |
| BLS Capital Fondsmaeglerselskab A/S 3.92% of their portfolio | 1.5m $152.9m | Reduced -2.1m |
| Baird Financial Group, Inc. 0.37% of their portfolio | 1.4m $150.2m | Reduced -22.4k |
| CREDIT SUISSE AG/ 0.15% of their portfolio | 1.4m $145.1m | Reduced -163.6k |
| RAYMOND JAMES & ASSOCIATES 0.12% of their portfolio | 1.4m $143.5m | Reduced -183.4k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.49% of their portfolio | 1.3m $140.1m | Added +181.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.32% of their portfolio | 1.3m $137.3m | Reduced -14.6k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 1.03% of their portfolio | 1.3m $136.8m | Reduced -37.2k |
| Artisan Partners Limited Partnership 0.22% of their portfolio | 1.3m $135.1m | Reduced -43.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.30% of their portfolio | 1.3m $131.4m | Reduced -4.3k |
| LPL Financial LLC 0.10% of their portfolio | 1.2m $129.5m | Reduced -47.1k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.72% of their portfolio | 1.2m $129.3m | Reduced -30.7k |
| MILLENNIUM MANAGEMENT LLC 0.15% of their portfolio | 1.2m $128.8m | Added +1.2m |
| TWO SIGMA INVESTMENTS, LP 0.38% of their portfolio | 1.2m $128.0m | New |
| Mariner, LLC 0.36% of their portfolio | 1.2m $124.9m | Added +44.8k |
| Public Sector Pension Investment Board 0.94% of their portfolio | 1.2m $124.9m | Added +15.5k |
| NATIXIS ADVISORS, LLC 0.41% of their portfolio | 1.1m $119.7m | Reduced -17.8k |
| EVERETT HARRIS & CO /CA/ 1.93% of their portfolio | 1.1m $119.3m | Reduced -1.3k |
| US BANCORP \DE\ 0.20% of their portfolio | 1.1m $118.1m | Reduced -33.9k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.20% of their portfolio | 1.1m $117.5m | Added +217.6k |
| ProShare Advisors LLC 0.36% of their portfolio | 1.1m $117.2m | Added +119.2k |
| Qube Research & Technologies Ltd 0.67% of their portfolio | 1.1m $117.1m | Added +821.4k |
| TORONTO DOMINION BANK 0.19% of their portfolio | 1.1m $116.8m | Added +398.1k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.60% of their portfolio | 1.1m $116.0m | Reduced -7.9k |
| FIRST TRUST ADVISORS LP 0.13% of their portfolio | 1.1m $116.0m | Added +72.1k |
| TRUIST FINANCIAL CORP 0.20% of their portfolio | 1.1m $115.6m | Reduced -1.7m |