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 ($317.6m this quarter). Holder counts are more reliable. Shares outstanding: 1.1bn as of 2025-01-22, 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 ≈ $91.30. Options: 69 managers hold calls ($3.9bn notional), 70 hold puts ($2.9bn).
Trends to Q4 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 |
| Q4 2024 | 2,404 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 882 | 1,249 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $2.2bn | $1.8bn | 0.82 |
| Q2 2024 | $2.9bn | $3.0bn | 1.06 |
| Q3 2024 | $4.3bn | $3.6bn | 0.83 |
| Q4 2024 | $3.9bn | $2.9bn | 0.75 |
Biggest buyers
| Capital World Investors | Added | +9.2m |
| FMR LLC | Added | +5.3m |
| CITADEL ADVISORS LLC | Added | +4.8m |
| VIKING GLOBAL INVESTORS LP | Added | +3.7m |
| Capital Research Global Investors | Added | +3.6m |
| Assenagon Asset Management S.A. | Added | +2.6m |
| LONE PINE CAPITAL LLC | Added | +2.4m |
| Balyasny Asset Management L.P. | Added | +2.4m |
| STEADFAST CAPITAL MANAGEMENT LP | New | +2.3m |
| TORONTO DOMINION BANK | Added | +2.3m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -21.7m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -4.5m |
| BANK OF AMERICA CORP /DE/ | Reduced | -4.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -3.9m |
| Winslow Capital Management, LLC | Reduced | -3.6m |
| Boston Partners | Reduced | -2.8m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -2.6m |
| ONTARIO TEACHERS PENSION PLAN BOARD | Reduced | -2.1m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Reduced | -1.5m |
| CCLA Investment Management | Sold out | -1.5m |
Biggest calls
| PUBLIC INVESTMENT FUND | Unchanged | $1.0bn11.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $596.6m6.5m shares |
| CITADEL ADVISORS LLC | Reduced | $452.7m5.0m shares |
| JANE STREET GROUP, LLC | Added | $217.7m2.4m shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $174.4m1.9m shares |
| SIMPLEX TRADING, LLC | Reduced | $120.7m1.3m shares |
| IMC-Chicago, LLC | Added | $119.9m1.3m shares |
| D. E. Shaw & Co., Inc. | Added | $91.7m1.0m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $90.5m992.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $83.5m921.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $481.7m5.3m shares |
| CITADEL ADVISORS LLC | Reduced | $383.6m4.2m shares |
| Twin Tree Management, LP | Reduced | $160.2m1.8m shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $150.8m1.7m shares |
| JANE STREET GROUP, LLC | Added | $148.4m1.6m shares |
| D. E. Shaw & Co., Inc. | Added | $137.4m1.5m shares |
| SIMPLEX TRADING, LLC | Reduced | $112.3m1.2m shares |
| Qube Research & Technologies Ltd | Added | $79.7m873.8k shares |
| Squarepoint Ops LLC | Added | $75.3m825.6k shares |
| IMC-Chicago, LLC | Added | $73.8m808.5k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 |
| Q4 2024 | 0 | — | 2 | $2.2m | $2.2m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-11-29 | KELLY SARA evp, chief partner officer | Sold plan | $1.9m19.1k shares |
| 2024-11-21 | Ruggeri Rachel evp, cfo | Sold plan | $148.4k1.5k shares |
| 2024-11-15 | Ruggeri Rachel evp, cfo | Sold plan | $143.8k1.5k 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.18% of their portfolio | 111.1m $10.1bn | Added +784.4k |
| BlackRock, Inc. 0.14% of their portfolio | 77.2m $7.0bn | Reduced -164.6k |
| Capital World Investors 0.76% of their portfolio | 54.9m $5.0bn | Added +9.2m |
| STATE STREET CORP 0.17% of their portfolio | 47.6m $4.3bn | Added +1.6m |
| MORGAN STANLEY 0.17% of their portfolio | 26.8m $2.4bn | Added +765.3k |
| FMR LLC 0.14% of their portfolio | 25.1m $2.3bn | Added +5.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.18% of their portfolio | 24.8m $2.3bn | Added +548.2k |
| WELLS FARGO & COMPANY/MN 0.43% of their portfolio | 19.7m $1.8bn | Reduced -527.7k |
| BANK OF AMERICA CORP /DE/ 0.14% of their portfolio | 16.4m $1.5bn | Reduced -4.3m |
| WELLINGTON MANAGEMENT GROUP LLP 0.27% of their portfolio | 15.9m $1.4bn | Added +718.9k |
| JPMORGAN CHASE & CO 0.11% of their portfolio | 15.4m $1.4bn | Reduced -21.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.15% of their portfolio | 14.2m $1.3bn | Reduced -3.9m |
| Nuveen Asset Management, LLC 0.35% of their portfolio | 13.7m $1.3bn | Reduced -631.3k |
| NORGES BANK 0.16% of their portfolio | 13.6m $1.2bn | Added +485.9k |
| NORTHERN TRUST CORP 0.18% of their portfolio | 13.6m $1.2bn | Added +600.2k |
| Fisher Asset Management, LLC 0.43% of their portfolio | 11.9m $1.1bn | Added +154.1k |
| Invesco Ltd. 0.19% of their portfolio | 11.5m $1.0bn | Added +944.9k |
| Capital International Investors 0.17% of their portfolio | 10.2m $929.9m | Added +267.7k |
| LOOMIS SAYLES & CO L P 1.11% of their portfolio | 9.6m $877.7m | Reduced -315.5k |
| UBS Group AG 0.20% of their portfolio | 9.5m $870.4m | Added +1.8m |
| Bank of New York Mellon Corp 0.15% of their portfolio | 9.0m $820.7m | Reduced -1.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.15% of their portfolio | 8.9m $810.3m | Reduced -720.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.17% of their portfolio | 7.9m $720.3m | Added +1.6m |
| Legal & General Group Plc 0.16% of their portfolio | 6.8m $616.2m | Added +43.0k |
| LONE PINE CAPITAL LLC 4.39% of their portfolio | 6.5m $590.8m | Added +2.4m |
| BARCLAYS PLC 0.28% of their portfolio | 6.1m $560.1m | Reduced -972.4k |
| GOLDMAN SACHS GROUP INC 0.10% of their portfolio | 5.9m $541.6m | Reduced -726.8k |
| Capital Research Global Investors 0.11% of their portfolio | 5.7m $519.2m | Added +3.6m |
| ROYAL BANK OF CANADA 0.11% of their portfolio | 5.7m $518.5m | Added +27.1k |
| VIKING GLOBAL INVESTORS LP 1.58% of their portfolio | 5.3m $487.6m | Added +3.7m |
| CITADEL ADVISORS LLC 0.41% of their portfolio | 4.9m $448.6m | Added +4.8m |
| Amundi 0.15% of their portfolio | 4.8m $441.8m | Reduced -688.1k |
| Clearbridge Investments, LLC 0.35% of their portfolio | 4.8m $434.4m | Added +91.8k |
| FLOSSBACH VON STORCH SE 1.68% of their portfolio | 4.6m $423.1m | Reduced -930.3k |
| FRANKLIN RESOURCES INC 0.11% of their portfolio | 4.5m $408.6m | Added +210.0k |
| Balyasny Asset Management L.P. 0.77% of their portfolio | 3.6m $330.3m | Added +2.4m |
| DEUTSCHE BANK AG\ 0.13% of their portfolio | 3.6m $328.4m | Added +1.0m |
| ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio | 3.4m $311.7m | Reduced -333.7k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 1.31% of their portfolio | 3.3m $297.3m | Added +1.7k |
| Swiss National Bank 0.19% of their portfolio | 3.2m $292.1m | Reduced -160.8k |
| RAYMOND JAMES FINANCIAL INC 0.11% of their portfolio | 3.1m $284.3m | First filing |
| AMERIPRISE FINANCIAL INC 0.07% of their portfolio | 3.1m $279.3m | Reduced -143.1k |
| LONDON CO OF VIRGINIA 1.49% of their portfolio | 3.0m $272.0m | Reduced -197.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.15% of their portfolio | 2.9m $266.8m | Added +479.9k |
| ALLIANCEBERNSTEIN L.P. 0.09% of their portfolio | 2.9m $265.7m | Reduced -2.6m |
| HSBC HOLDINGS PLC 0.16% of their portfolio | 2.9m $264.9m | Added +261.4k |
| Assenagon Asset Management S.A. 0.46% of their portfolio | 2.8m $256.3m | Added +2.6m |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 2.8m $254.5m | Added +99.8k |
| TORONTO DOMINION BANK 0.47% of their portfolio | 2.7m $245.5m | Added +2.3m |
| Sumitomo Mitsui Trust Group, Inc. 0.16% of their portfolio | 2.7m $242.6m | Added +18.0k |
| BANK OF MONTREAL /CAN/ 0.12% of their portfolio | 2.6m $238.8m | Reduced -354.9k |
| ONTARIO TEACHERS PENSION PLAN BOARD 3.08% of their portfolio | 2.5m $227.5m | Reduced -2.1m |
| Corient Private Wealth LP 0.36% of their portfolio | 2.4m $219.1m | Added +13.8k |
| STEADFAST CAPITAL MANAGEMENT LP 4.49% of their portfolio | 2.3m $212.0m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.18% of their portfolio | 2.3m $208.6m | Added +104.5k |
| National Pension Service 0.20% of their portfolio | 2.3m $208.2m | Added +62.3k |
| VAN ECK ASSOCIATES CORP 0.26% of their portfolio | 2.3m $206.9m | Reduced -37.1k |
| RHUMBLINE ADVISERS 0.18% of their portfolio | 2.2m $203.4m | Reduced -22.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.15% of their portfolio | 2.2m $196.5m | Reduced -411.3k |
| LPL Financial LLC 0.08% of their portfolio | 2.1m $191.4m | Added +147.9k |
| CITIGROUP INC 0.18% of their portfolio | 2.1m $191.3m | Reduced -1.2m |
| Sustainable Growth Advisers, LP 0.96% of their portfolio | 2.1m $191.0m | Reduced -652.0k |
| TD Asset Management Inc 0.17% of their portfolio | 2.1m $190.3m | Reduced -103.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.17% of their portfolio | 1.9m $180.5m | Added +162.9k |
| Focus Partners Wealth 0.23% of their portfolio | 1.9m $176.4m | Added +1.1m |
| JANE STREET GROUP, LLC 0.27% of their portfolio | 1.8m $167.7m | Added +1.0m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.19% of their portfolio | 1.8m $166.2m | Reduced -56.1k |
| California Public Employees Retirement System 0.11% of their portfolio | 1.8m $164.4m | Added +254.4k |
| HighTower Advisors, LLC 0.22% of their portfolio | 1.8m $163.3m | Added +201.1k |
| LAZARD ASSET MANAGEMENT LLC 0.23% of their portfolio | 1.8m $160.3m | Added +478.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.17% of their portfolio | 1.7m $157.9m | Reduced -1.2m |
| NEW YORK STATE COMMON RETIREMENT FUND 0.21% of their portfolio | 1.7m $157.6m | Added +21.1k |
| Allen Investment Management, LLC 1.73% of their portfolio | 1.6m $150.2m | New |
| Pictet Asset Management Holding SA 0.16% of their portfolio | 1.6m $144.5m | Added +11.3k |
| Epoch Investment Partners, Inc. 0.68% of their portfolio | 1.5m $140.3m | Added +37.6k |
| T. Rowe Price Investment Management, Inc. 0.09% of their portfolio | 1.5m $138.1m | Added +1.4m |
| ProShare Advisors LLC 0.30% of their portfolio | 1.5m $132.9m | Added +251.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.14% of their portfolio | 1.5m $132.6m | Reduced -6.0k |
| Baird Financial Group, Inc. 0.25% of their portfolio | 1.4m $131.9m | Reduced -23.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 1.4m $130.3m | Reduced -142.2k |
| Empower Advisory Group, LLC 0.42% of their portfolio | 1.4m $125.3m | Added +39.7k |
| MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio | 1.4m $123.7m | Added +1.1m |
| NATIXIS ADVISORS, LLC 0.23% of their portfolio | 1.3m $121.7m | Reduced -15.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.18% of their portfolio | 1.3m $117.8m | Reduced -1.1m |
| BLAIR WILLIAM & CO/IL 0.34% of their portfolio | 1.3m $117.5m | Reduced -56.0k |
| NATIONAL BANK OF CANADA /FI/ 0.15% of their portfolio | 1.3m $115.9m | Added +517.0k |
| MARSHALL WACE, LLP 0.15% of their portfolio | 1.3m $115.8m | Added +1.3m |
| Point72 Asset Management, L.P. 0.31% of their portfolio | 1.2m $113.0m | New |
| CANADA LIFE ASSURANCE Co 0.19% of their portfolio | 1.2m $112.9m | Added +17.1k |
| SAMLYN CAPITAL, LLC 1.77% of their portfolio | 1.2m $111.1m | Added +820.7k |
| NorthCoast Asset Management LLC 0.51% of their portfolio | 1.1m $104.8m | Added +1.0m |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.62% of their portfolio | 1.1m $104.0m | Added +3.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.19% of their portfolio | 1.1m $99.8m | Added +14.7k |
| FIL Ltd 0.09% of their portfolio | 1.1m $99.3m | Added +175.3k |
| Holocene Advisors, LP 0.31% of their portfolio | 1.1m $96.2m | Added +532.5k |
| EVERETT HARRIS & CO /CA/ 1.21% of their portfolio | 1.1m $95.9m | Reduced -8.1k |
| MAVERICK CAPITAL LTD 1.68% of their portfolio | 1.0m $93.1m | Reduced -893.6k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.20% of their portfolio | 1.0m $92.9m | Reduced -1.5m |
| VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio | 1.0m $92.5m | Reduced -8.7k |
| BRISTOL JOHN W & CO INC /NY/ 1.52% of their portfolio | 1.0m $92.4m | Reduced -23.5k |