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 ($240.2m this quarter). Holder counts are more reliable. Shares outstanding: 1.1bn as of 2024-11-13, 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 ≈ $97.34. Options: 74 managers hold calls ($4.3bn notional), 81 hold puts ($3.6bn).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,167 |
| Q4 2022 | 2,336 |
| Q1 2023 | 2,373 |
| Q2 2023 | 2,354 |
| Q3 2023 | 2,308 |
| Q4 2023 | 2,464 |
| Q1 2024 | 2,445 |
| Q2 2024 | 2,258 |
| Q3 2024 | 2,337 |
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 |
| Q2 2023 | 1,035 | 1,131 |
| Q3 2023 | 1,029 | 1,097 |
| Q4 2023 | 1,111 | 1,052 |
| Q1 2024 | 1,145 | 1,156 |
| Q2 2024 | 940 | 1,383 |
| Q3 2024 | 1,000 | 1,255 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $2.1bn | $1.9bn | 0.93 |
| Q1 2024 | $2.2bn | $1.8bn | 0.82 |
| Q2 2024 | $2.9bn | $3.0bn | 1.06 |
| Q3 2024 | $4.3bn | $3.6bn | 0.83 |
Biggest buyers
| Capital World Investors | Added | +41.3m |
| JPMORGAN CHASE & CO | Added | +16.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +11.9m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +7.6m |
| FMR LLC | Added | +7.0m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +4.8m |
| LONE PINE CAPITAL LLC | New | +4.1m |
| Winslow Capital Management, LLC | New | +3.6m |
| Capital International Investors | Added | +3.2m |
| Clearbridge Investments, LLC | Added | +3.2m |
Biggest sellers
| BARCLAYS PLC | Reduced | -16.5m |
| CITADEL ADVISORS LLC | Reduced | -4.6m |
| Assenagon Asset Management S.A. | Reduced | -3.9m |
| STIFEL FINANCIAL CORP | Reduced | -3.7m |
| MARSHALL WACE, LLP | Reduced | -3.3m |
| DEUTSCHE BANK AG\ | Reduced | -2.9m |
| BLS Capital Fondsmaeglerselskab A/S | Reduced | -2.5m |
| JENSEN INVESTMENT MANAGEMENT INC | Reduced | -2.3m |
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -2.2m |
| VAN ECK ASSOCIATES CORP | Reduced | -2.2m |
Biggest calls
| PUBLIC INVESTMENT FUND | Added | $1.1bn11.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $664.9m6.8m shares |
| CITADEL ADVISORS LLC | Reduced | $523.9m5.4m shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $245.9m2.5m shares |
| SIMPLEX TRADING, LLC | Added | $134.0m1.8m shares |
| IMC-Chicago, LLC | Reduced | $121.7m1.2m shares |
| JANE STREET GROUP, LLC | Added | $120.6m1.2m shares |
| WOLVERINE TRADING, LLC | Added | $117.4m1.2m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $114.1m1.2m shares |
| GOLDMAN SACHS GROUP INC | Added | $102.5m1.1m shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $526.5m5.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $517.2m5.3m shares |
| Twin Tree Management, LP | Added | $232.6m2.4m shares |
| BANK OF AMERICA CORP /DE/ | Added | $189.9m1.9m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $171.5m1.8m shares |
| SIMPLEX TRADING, LLC | Reduced | $155.6m1.6m shares |
| JANE STREET GROUP, LLC | Added | $143.4m1.5m shares |
| D. E. Shaw & Co., Inc. | Added | $110.6m1.1m shares |
| Walleye Trading LLC | Added | $94.8m972.0k shares |
| JPMORGAN CHASE & CO | Added | $85.3m875.0k 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 Q3 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.
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 |
|---|---|---|---|---|---|
| Q4 2022 | 0 | — | 2 | $2.2m | — |
| Q1 2023 | 0 | — | 2 | $820.7k | — |
| Q2 2023 | 0 | — | 1 | $68.3k | $68.3k |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 3 | $873.5k | $168.8k |
| Q1 2024 | 0 | — | 3 | $675.4k | $675.4k |
| Q2 2024 | 0 | — | 3 | $878.9k | $878.9k |
| Q3 2024 | 1 | $34.8k | 2 | $605.5k | $605.5k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-09-06 | KNUDSTORP JORGEN VIG Director | Bought | $34.8k380 shares |
| 2024-08-15 | Conway Michael Aaron ceo, North America | Sold plan | $305.6k3.2k shares |
| 2024-08-13 | Ruggeri Rachel interim ceo and evp, cfo | Sold plan | $299.9k3.3k 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, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.19% of their portfolio | 110.3m $10.8bn | Added +900.2k |
| BlackRock, Inc. 0.16% of their portfolio | 77.4m $7.5bn | First filing |
| STATE STREET CORP 0.18% of their portfolio | 46.0m $4.5bn | Added +437.2k |
| Capital World Investors 0.69% of their portfolio | 45.7m $4.5bn | Added +41.3m |
| JPMORGAN CHASE & CO 0.14% of their portfolio | 37.1m $3.6bn | Added +16.2m |
| MORGAN STANLEY 0.18% of their portfolio | 26.0m $2.5bn | Reduced -602.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.19% of their portfolio | 24.3m $2.4bn | Added +333.0k |
| BANK OF AMERICA CORP /DE/ 0.18% of their portfolio | 20.6m $2.0bn | Reduced -570.5k |
| WELLS FARGO & COMPANY/MN 0.48% of their portfolio | 20.3m $2.0bn | Reduced -79.4k |
| FMR LLC 0.12% of their portfolio | 19.8m $1.9bn | Added +7.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.20% of their portfolio | 18.2m $1.8bn | Added +11.9m |
| WELLINGTON MANAGEMENT GROUP LLP 0.26% of their portfolio | 15.1m $1.5bn | Added +7.6m |
| Nuveen Asset Management, LLC 0.39% of their portfolio | 14.4m $1.4bn | Added +2.0m |
| NORGES BANK 0.18% of their portfolio | 13.2m $1.3bn | Reduced -1.5m |
| NORTHERN TRUST CORP 0.21% of their portfolio | 13.0m $1.3bn | Reduced -609.9k |
| Fisher Asset Management, LLC 0.47% of their portfolio | 11.8m $1.1bn | Added +327.7k |
| Invesco Ltd. 0.20% of their portfolio | 10.5m $1.0bn | Added +1.8m |
| Bank of New York Mellon Corp 0.18% of their portfolio | 10.1m $979.9m | Added +690.5k |
| LOOMIS SAYLES & CO L P 1.27% of their portfolio | 9.9m $968.5m | Reduced -330.7k |
| Capital International Investors 0.19% of their portfolio | 9.9m $967.5m | Added +3.2m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.18% of their portfolio | 9.6m $935.9m | Reduced -701.0k |
| UBS Group AG 0.21% of their portfolio | 7.7m $755.2m | Reduced -586.9k |
| BARCLAYS PLC 0.31% of their portfolio | 7.1m $693.2m | Reduced -16.5m |
| Legal & General Group Plc 0.17% of their portfolio | 6.7m $654.2m | Added +12.5k |
| GOLDMAN SACHS GROUP INC 0.12% of their portfolio | 6.7m $649.5m | Reduced -737.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.16% of their portfolio | 6.3m $613.6m | Reduced -48.8k |
| ROYAL BANK OF CANADA 0.12% of their portfolio | 5.7m $551.4m | Reduced -984.1k |
| FLOSSBACH VON STORCH SE 2.13% of their portfolio | 5.6m $542.7m | Reduced -822.7k |
| ALLIANCEBERNSTEIN L.P. 0.18% of their portfolio | 5.5m $537.8m | Reduced -578.8k |
| Amundi 0.19% of their portfolio | 5.5m $525.2m | Reduced -1.4m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.49% of their portfolio | 4.8m $471.0m | Added +4.8m |
| Clearbridge Investments, LLC 0.36% of their portfolio | 4.7m $455.2m | Added +3.2m |
| ONTARIO TEACHERS PENSION PLAN BOARD 4.05% of their portfolio | 4.6m $450.0m | Reduced -831.5k |
| FRANKLIN RESOURCES INC 0.11% of their portfolio | 4.3m $404.5m | Added +249.3k |
| LONE PINE CAPITAL LLC 2.95% of their portfolio | 4.1m $394.9m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.12% of their portfolio | 3.7m $365.6m | Reduced -316.2k |
| Winslow Capital Management, LLC 1.27% of their portfolio | 3.6m $352.9m | New |
| Swiss National Bank 0.21% of their portfolio | 3.4m $327.8m | Added +9.9k |
| CITIGROUP INC 0.30% of their portfolio | 3.3m $324.9m | Added +34.8k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 1.28% of their portfolio | 3.3m $317.4m | Added +122.9k |
| AMERIPRISE FINANCIAL INC 0.08% of their portfolio | 3.2m $313.6m | Added +166.7k |
| LONDON CO OF VIRGINIA 1.63% of their portfolio | 3.2m $309.9m | Reduced -210.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.33% of their portfolio | 3.0m $289.1m | Reduced -2.2m |
| BANK OF MONTREAL /CAN/ 0.13% of their portfolio | 3.0m $289.4m | Reduced -2.1m |
| Boston Partners 0.33% of their portfolio | 2.8m $275.9m | Added +809.4k |
| Sustainable Growth Advisers, LP 1.13% of their portfolio | 2.7m $267.6m | Reduced -1.5m |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 2.7m $262.2m | Added +39.9k |
| HSBC HOLDINGS PLC 0.16% of their portfolio | 2.6m $257.4m | Reduced -814.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.18% of their portfolio | 2.6m $257.4m | Added +41.4k |
| DEUTSCHE BANK AG\ 0.10% of their portfolio | 2.6m $252.1m | Reduced -2.9m |
| BNP PARIBAS FINANCIAL MARKETS 0.24% of their portfolio | 2.6m $250.0m | Reduced -94.7k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.60% of their portfolio | 2.5m $248.2m | Added +2.3m |
| PRINCIPAL FINANCIAL GROUP INC 0.13% of their portfolio | 2.4m $238.3m | Reduced -51.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.40% of their portfolio | 2.4m $236.2m | Added +1.5m |
| Corient Private Wealth LP 0.37% of their portfolio | 2.4m $233.1m | Added +31.0k |
| VAN ECK ASSOCIATES CORP 0.28% of their portfolio | 2.3m $225.0m | Reduced -2.2m |
| RHUMBLINE ADVISERS 0.20% of their portfolio | 2.3m $219.5m | Reduced -58.2k |
| National Pension Service 0.21% of their portfolio | 2.2m $216.4m | Added +188.7k |
| TD Asset Management Inc 0.19% of their portfolio | 2.2m $213.1m | Added +49.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.19% of their portfolio | 2.2m $212.6m | Added +357.0k |
| Capital Research Global Investors 0.04% of their portfolio | 2.1m $207.3m | Added +1.5m |
| LPL Financial LLC 0.08% of their portfolio | 1.9m $190.0m | Added +85.3k |
| MAVERICK CAPITAL LTD 3.64% of their portfolio | 1.9m $186.6m | Added +489.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.21% of their portfolio | 1.9m $183.0m | Added +1.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.19% of their portfolio | 1.8m $174.2m | Added +143.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.23% of their portfolio | 1.7m $166.3m | Added +43.3k |
| RAYMOND JAMES & ASSOCIATES 0.10% of their portfolio | 1.7m $162.4m | Added +54.8k |
| VIKING GLOBAL INVESTORS LP 0.59% of their portfolio | 1.7m $162.3m | New |
| Bahl & Gaynor LLC 0.80% of their portfolio | 1.6m $156.3m | Reduced -360.0k |
| HighTower Advisors, LLC 0.22% of their portfolio | 1.6m $154.7m | Added +60.3k |
| Pictet Asset Management Holding SA 0.17% of their portfolio | 1.6m $153.3m | Added +310.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 1.6m $153.1m | Reduced -1.5m |
| California Public Employees Retirement System 0.11% of their portfolio | 1.5m $150.8m | Reduced -1.8m |
| FORT PITT CAPITAL GROUP, LLC 4.19% of their portfolio | 1.5m $148.7m | Added +35.1k |
| Epoch Investment Partners, Inc. 0.66% of their portfolio | 1.5m $146.3m | Added +292.8k |
| Morningstar Investment Services LLC 1.46% of their portfolio | 1.5m $143.3m | Added +201.2k |
| Baird Financial Group, Inc. 0.28% of their portfolio | 1.5m $143.2m | Reduced -100.0k |
| CCLA Investment Management 1.78% of their portfolio | 1.5m $115.5m | Unchanged |
| VOYA INVESTMENT MANAGEMENT LLC 0.15% of their portfolio | 1.5m $142.3m | Added +955.7k |
| NATIXIS ADVISORS, LLC 0.26% of their portfolio | 1.3m $131.6m | Added +186.0k |
| BLAIR WILLIAM & CO/IL 0.38% of their portfolio | 1.3m $131.0m | Reduced -452.0k |
| Empower Advisory Group, LLC 0.44% of their portfolio | 1.3m $130.0m | Added +113.5k |
| JENSEN INVESTMENT MANAGEMENT INC 1.07% of their portfolio | 1.3m $128.4m | Reduced -2.3m |
| Zurich Insurance Group Ltd/FI 1.07% of their portfolio | 1.3m $126.6m | New |
| LAZARD ASSET MANAGEMENT LLC 0.17% of their portfolio | 1.3m $124.5m | Added +1.1m |
| Balyasny Asset Management L.P. 0.31% of their portfolio | 1.2m $119.3m | Added +374.7k |
| CANADA LIFE ASSURANCE Co 0.21% of their portfolio | 1.2m $119.2m | Added +29.5k |
| ProShare Advisors LLC 0.29% of their portfolio | 1.2m $117.5m | Added +77.9k |
| D1 Capital Partners L.P. 2.24% of their portfolio | 1.2m $116.2m | New |
| CANADA PENSION PLAN INVESTMENT BOARD 0.11% of their portfolio | 1.2m $114.6m | Reduced -633.4k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.67% of their portfolio | 1.1m $110.8m | Reduced -81.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.20% of their portfolio | 1.1m $105.2m | Reduced -29.8k |
| EVERETT HARRIS & CO /CA/ 1.28% of their portfolio | 1.1m $103.2m | Reduced -31.2k |
| BRISTOL JOHN W & CO INC /NY/ 1.61% of their portfolio | 1.0m $101.0m | Added +319.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio | 1.0m $99.6m | Reduced -72.6k |
| BLS Capital Fondsmaeglerselskab A/S 2.87% of their portfolio | 1.0m $99.2m | Reduced -2.5m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.18% of their portfolio | 1.0m $99.1m | Reduced -69.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.20% of their portfolio | 1.0m $98.0m | Reduced -58.5k |
| SEI INVESTMENTS CO 0.12% of their portfolio | 986.6k $96.2m | Added +761.7k |
| US BANCORP \DE\ 0.12% of their portfolio | 986.5k $96.2m | Reduced -36.8k |