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 ($253.1m this quarter). Holder counts are more reliable. Shares outstanding: 1.1bn as of 2025-07-23, 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 ≈ $91.63. Options: 66 managers hold calls ($2.8bn notional), 61 hold puts ($2.5bn).
Trends to Q2 2025
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 |
| Q1 2025 | 2,403 |
| Q2 2025 | 2,343 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2025 | 1,023 | 1,221 |
| Q2 2025 | 994 | 1,214 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $4.3bn | $3.6bn | 0.83 |
| Q4 2024 | $3.9bn | $2.9bn | 0.75 |
| Q1 2025 | $3.2bn | $2.4bn | 0.74 |
| Q2 2025 | $2.8bn | $2.5bn | 0.90 |
Biggest buyers
| Capital Research Global Investors | Added | +41.3m |
| T. Rowe Price Investment Management, Inc. | Added | +9.9m |
| ROYAL BANK OF CANADA | Added | +8.9m |
| FMR LLC | Added | +5.3m |
| POLEN CAPITAL MANAGEMENT LLC | Added | +4.5m |
| GOLDMAN SACHS GROUP INC | Added | +3.1m |
| UBS Group AG | Added | +2.3m |
| Clearbridge Investments, LLC | Added | +1.8m |
| Capital World Investors | Added | +1.8m |
| Capital International Investors | Added | +1.8m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -12.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -9.0m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -3.3m |
| JENNISON ASSOCIATES LLC | Reduced | -2.8m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -2.3m |
| MORGAN STANLEY | Reduced | -2.2m |
| Nuveen, LLC | Reduced | -2.0m |
| Sustainable Growth Advisers, LP | Reduced | -1.9m |
| TD Asset Management Inc | Reduced | -1.7m |
| BlackRock, Inc. | Reduced | -1.7m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $487.8m5.3m shares |
| JANE STREET GROUP, LLC | Added | $367.6m4.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $306.8m3.3m shares |
| IMC-Chicago, LLC | Added | $148.0m1.6m shares |
| WOLVERINE TRADING, LLC | Added | $141.8m1.5m shares |
| Squarepoint Ops LLC | Added | $126.3m1.4m shares |
| GOLDMAN SACHS GROUP INC | Added | $123.1m1.3m shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $106.1m1.2m shares |
| SIMPLEX TRADING, LLC | Reduced | $92.3m1.2m shares |
| D. E. Shaw & Co., Inc. | Added | $79.0m861.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $354.0m3.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $315.1m3.4m shares |
| JANE STREET GROUP, LLC | Added | $245.5m2.7m shares |
| Twin Tree Management, LP | Added | $170.6m1.9m shares |
| GOLDMAN SACHS GROUP INC | Added | $102.2m1.1m shares |
| IMC-Chicago, LLC | Added | $101.5m1.1m shares |
| D. E. Shaw & Co., Inc. | Added | $92.6m1.0m shares |
| Laurion Capital Management LP | New | $81.5m889.4k shares |
| WOLVERINE TRADING, LLC | Added | $78.3m849.9k shares |
| CITIGROUP INC | Added | $77.2m842.0k 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 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.
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 |
|---|---|---|---|---|---|
| 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 |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.17% of their portfolio | 112.9m $10.3bn | Added +802.1k |
| Capital Research Global Investors 1.41% of their portfolio | 76.7m $7.0bn | Added +41.3m |
| BlackRock, Inc. 0.13% of their portfolio | 76.5m $7.0bn | Reduced -1.7m |
| Capital World Investors 1.02% of their portfolio | 76.3m $7.0bn | Added +1.8m |
| STATE STREET CORP 0.16% of their portfolio | 47.5m $4.4bn | Added +544.5k |
| FMR LLC 0.16% of their portfolio | 31.5m $2.9bn | Added +5.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.17% of their portfolio | 25.8m $2.4bn | Added +100.0k |
| MORGAN STANLEY 0.15% of their portfolio | 24.8m $2.3bn | Reduced -2.2m |
| WELLS FARGO & COMPANY/MN 0.36% of their portfolio | 17.9m $1.6bn | Reduced -445.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.27% of their portfolio | 16.1m $1.5bn | Reduced -3.3m |
| BANK OF AMERICA CORP /DE/ 0.11% of their portfolio | 15.5m $1.4bn | Reduced -1.1m |
| ROYAL BANK OF CANADA 0.14% of their portfolio | 15.3m $1.4bn | Added +8.9m |
| NORGES BANK 0.16% of their portfolio | 13.6m $1.2bn | Added +253.2k |
| NORTHERN TRUST CORP 0.17% of their portfolio | 13.2m $1.2bn | Reduced -400.1k |
| Invesco Ltd. 0.20% of their portfolio | 12.8m $1.2bn | Added +1.3m |
| JPMORGAN CHASE & CO 0.08% of their portfolio | 12.1m $1.1bn | Reduced -12.2m |
| Nuveen, LLC 0.31% of their portfolio | 12.1m $1.1bn | Reduced -2.0m |
| Capital International Investors 0.19% of their portfolio | 12.0m $1.1bn | Added +1.8m |
| Fisher Asset Management, LLC 0.43% of their portfolio | 11.9m $1.1bn | Reduced -110.1k |
| UBS Group AG 0.22% of their portfolio | 11.7m $1.1bn | Added +2.3m |
| GOLDMAN SACHS GROUP INC 0.16% of their portfolio | 10.9m $996.0m | Added +3.1m |
| T. Rowe Price Investment Management, Inc. 0.61% of their portfolio | 10.6m $967.5m | Added +9.9m |
| POLEN CAPITAL MANAGEMENT LLC 2.72% of their portfolio | 9.7m $885.9m | Added +4.5m |
| LOOMIS SAYLES & CO L P 1.10% of their portfolio | 9.6m $878.5m | Added +151.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.13% of their portfolio | 8.4m $768.8m | Added +7.5k |
| Bank of New York Mellon Corp 0.14% of their portfolio | 8.0m $733.6m | Reduced -212.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.13% of their portfolio | 7.2m $663.5m | Added +371.2k |
| Clearbridge Investments, LLC 0.51% of their portfolio | 6.9m $633.6m | Added +1.8m |
| Legal & General Group Plc 0.15% of their portfolio | 6.7m $613.1m | Reduced -181.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.16% of their portfolio | 5.6m $511.2m | Added +1.0m |
| LONE PINE CAPITAL LLC 3.69% of their portfolio | 5.6m $509.6m | Reduced -1.0m |
| JENNISON ASSOCIATES LLC 0.30% of their portfolio | 5.5m $505.2m | Reduced -2.8m |
| BARCLAYS PLC 0.18% of their portfolio | 5.1m $465.9m | Reduced -856.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 4.9m $452.2m | Reduced -9.0m |
| Amundi 0.13% of their portfolio | 4.1m $381.7m | Added +433.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio | 3.8m $351.5m | Added +14.4k |
| RAYMOND JAMES FINANCIAL INC 0.12% of their portfolio | 3.8m $347.8m | Added +321.8k |
| Swiss National Bank 0.19% of their portfolio | 3.4m $315.1m | Added +240.7k |
| FRANKLIN RESOURCES INC 0.08% of their portfolio | 3.1m $288.5m | Reduced -1.5m |
| PRINCIPAL FINANCIAL GROUP INC 0.15% of their portfolio | 3.0m $278.8m | Added +225.0k |
| Corient Private Wealth LP 0.37% of their portfolio | 3.0m $278.6m | Added +587.6k |
| California Public Employees Retirement System 0.18% of their portfolio | 3.0m $277.4m | Added +1.2m |
| Diamond Hill Capital Management, LLC (Investment Advisor) 1.24% of their portfolio | 3.0m $270.7m | Added +467.0k |
| LONDON CO OF VIRGINIA 1.48% of their portfolio | 2.9m $261.8m | Reduced -77.5k |
| AMERIPRISE FINANCIAL INC 0.06% of their portfolio | 2.8m $258.8m | Reduced -60.6k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 2.8m $256.0m | Reduced -35.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.16% of their portfolio | 2.8m $252.6m | Added +40.1k |
| ALLIANCEBERNSTEIN L.P. 0.08% of their portfolio | 2.7m $246.3m | Reduced -141.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.19% of their portfolio | 2.7m $243.2m | Added +1.0m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.48% of their portfolio | 2.6m $241.6m | Added +1.4m |
| National Pension Service 0.20% of their portfolio | 2.5m $231.9m | Added +109.8k |
| LPL Financial LLC 0.07% of their portfolio | 2.4m $223.6m | Added +195.8k |
| CITIGROUP INC 0.15% of their portfolio | 2.4m $217.5m | Reduced -12.2k |
| HSBC HOLDINGS PLC 0.14% of their portfolio | 2.3m $214.5m | Reduced -211.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.17% of their portfolio | 2.3m $207.5m | Added +42.8k |
| VAN ECK ASSOCIATES CORP 0.24% of their portfolio | 2.3m $208.2m | Reduced -3.0k |
| Allen Investment Management, LLC 2.24% of their portfolio | 2.2m $205.6m | Reduced -182.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.18% of their portfolio | 2.2m $203.7m | Reduced -34.1k |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 2.2m $201.1m | Reduced -555.6k |
| TORONTO DOMINION BANK 0.41% of their portfolio | 2.1m $193.3m | Reduced -699.5k |
| RHUMBLINE ADVISERS 0.16% of their portfolio | 2.0m $186.7m | Reduced -136.8k |
| LAZARD ASSET MANAGEMENT LLC 0.24% of their portfolio | 1.9m $174.9m | Reduced -119.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.18% of their portfolio | 1.8m $166.0m | Added +3.6k |
| ProShare Advisors LLC 0.32% of their portfolio | 1.7m $160.1m | Added +88.0k |
| NATIXIS ADVISORS, LLC 0.23% of their portfolio | 1.6m $147.6m | Added +1.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.19% of their portfolio | 1.6m $143.6m | Reduced -104.2k |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 1.6m $143.2m | Reduced -185.3k |
| Empower Advisory Group, LLC 0.40% of their portfolio | 1.5m $134.6m | Added +77.5k |
| HighTower Advisors, LLC 0.16% of their portfolio | 1.4m $129.6m | Reduced -289.3k |
| ONTARIO TEACHERS PENSION PLAN BOARD 2.52% of their portfolio | 1.3m $121.9m | Reduced -916.0k |
| Pictet Asset Management Holding SA 0.12% of their portfolio | 1.3m $119.1m | Reduced -250.7k |
| CANADA LIFE ASSURANCE Co 0.18% of their portfolio | 1.3m $116.4m | Added +37.5k |
| Baird Financial Group, Inc. 0.20% of their portfolio | 1.3m $115.1m | Reduced -92.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.10% of their portfolio | 1.3m $114.6m | Added +417.8k |
| NATIONAL BANK OF CANADA /FI/ 0.12% of their portfolio | 1.2m $109.4m | Added +881.6k |
| Artisan Partners Limited Partnership 0.16% of their portfolio | 1.2m $105.8m | Added +154.8k |
| TD Asset Management Inc 0.09% of their portfolio | 1.1m $102.9m | Reduced -1.7m |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.18% of their portfolio | 1.1m $101.8m | Added +16.8k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.58% of their portfolio | 1.1m $100.8m | Added +5.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio | 1.1m $100.9m | Added +86.1k |
| BLAIR WILLIAM & CO/IL 0.28% of their portfolio | 1.1m $100.2m | Reduced -126.0k |
| STIFEL FINANCIAL CORP 0.10% of their portfolio | 1.1m $98.4m | Added +202.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.10% of their portfolio | 1.1m $96.5m | Reduced -2.3m |
| EVERETT HARRIS & CO /CA/ 1.20% of their portfolio | 1.0m $93.8m | Reduced -18.2k |
| BRISTOL JOHN W & CO INC /NY/ 1.47% of their portfolio | 990.6k $90.8m | Reduced -1.5k |
| Assenagon Asset Management S.A. 0.14% of their portfolio | 982.9k $90.1m | Added +840.8k |
| Aberdeen Group plc 0.15% of their portfolio | 977.0k $90.1m | Added +49.0k |
| PNC Financial Services Group, Inc. 0.06% of their portfolio | 971.3k $89.0m | Added +5.5k |
| Focus Partners Wealth 0.18% of their portfolio | 926.3k $84.9m | Reduced -12.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.17% of their portfolio | 912.5k $83.6m | Reduced -13.1k |
| MACKENZIE FINANCIAL CORP 0.11% of their portfolio | 896.6k $82.2m | Added +786.4k |
| Rockefeller Capital Management L.P. 0.09% of their portfolio | 884.2k $81.0m | Added +491.1k |
| US BANCORP \DE\ 0.10% of their portfolio | 882.1k $80.8m | Reduced -41.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.14% of their portfolio | 877.6k $80.4m | Reduced -158.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.15% of their portfolio | 863.3k $79.1m | Reduced -93.9k |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 0.69% of their portfolio | 853.3k $78.2m | Reduced -6.3k |
| AVIVA PLC 0.16% of their portfolio | 849.0k $77.8m | Added +55.8k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.13% of their portfolio | 830.2k $76.1m | Added +50.8k |
| SEI INVESTMENTS CO 0.09% of their portfolio | 820.7k $75.2m | Added +82.5k |
| TRUIST FINANCIAL CORP 0.11% of their portfolio | 795.0k $72.8m | Reduced -7.3k |