SYSCO CORP SYY
COM · Common Stock · CUSIP 871829107 · ISIN US8718291078
American distribution company
* 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 ($75.0m this quarter). Holder counts are more reliable. Shares outstanding: 498.0m as of 2024-04-12, 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 ≈ $71.35. Options: 33 managers hold calls ($157.0m notional), 32 hold puts ($92.3m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,395 |
| Q4 2022 | 1,444 |
| Q1 2023 | 1,414 |
| Q2 2023 | 1,428 |
| Q3 2023 | 1,362 |
| Q4 2023 | 1,459 |
| Q1 2024 | 1,478 |
| Q2 2024 | 1,436 |
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 | 606 | 609 |
| Q1 2023 | 622 | 631 |
| Q2 2023 | 634 | 615 |
| Q3 2023 | 594 | 680 |
| Q4 2023 | 574 | 677 |
| Q1 2024 | 631 | 695 |
| Q2 2024 | 608 | 701 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $187.3m | $80.2m | 0.43 |
| Q4 2023 | $234.5m | $75.4m | 0.32 |
| Q1 2024 | $180.5m | $85.8m | 0.48 |
| Q2 2024 | $157.0m | $92.3m | 0.59 |
Biggest buyers
| VANGUARD GROUP INC | Added | +7.3m |
| BlackRock Inc. | Added | +4.4m |
| Capital World Investors | Added | +2.5m |
| ProShare Advisors LLC | Added | +2.4m |
| Invesco Ltd. | Added | +2.2m |
| Diamond Hill Capital Management, LLC (Investment Advisor) | Added | +2.0m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.9m |
| AMERIPRISE FINANCIAL INC | Added | +1.8m |
| PRIMECAP MANAGEMENT CO/CA/ | Added | +1.2m |
| AXA S.A. | Added | +1.1m |
Biggest sellers
| MORGAN STANLEY | Reduced | -10.9m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -9.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -2.0m |
| Holocene Advisors, LP | Reduced | -1.6m |
| JPMORGAN CHASE & CO | Reduced | -1.6m |
| PARNASSUS INVESTMENTS, LLC | Reduced | -1.2m |
| TRIAN FUND MANAGEMENT, L.P. | Sold out | -1.2m |
| DekaBank Deutsche Girozentrale | Reduced | -1.1m |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -989.3k |
| BARCLAYS PLC | Reduced | -924.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $28.7m402.4k shares |
| CITADEL ADVISORS LLC | Added | $27.8m389.9k shares |
| SIMPLEX TRADING, LLC | Added | $16.0m224.7k shares |
| JANE STREET GROUP, LLC | Added | $15.8m221.5k shares |
| Point72 Asset Management, L.P. | Added | $10.2m142.2k shares |
| D. E. Shaw & Co., Inc. | New | $5.5m77.6k shares |
| Balyasny Asset Management L.P. | Unchanged | $5.4m75.5k shares |
| WOLVERINE TRADING, LLC | Added | $5.1m71.3k shares |
| Walleye Capital LLC | Added | $4.9m68.2k shares |
| GROUP ONE TRADING LLC | Added | $4.8m67.9k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $18.3m256.2k shares |
| Walleye Capital LLC | Added | $11.6m162.4k shares |
| Point72 Asset Management, L.P. | Reduced | $8.1m112.9k shares |
| SIMPLEX TRADING, LLC | Added | $6.1m85.3k shares |
| Balyasny Asset Management L.P. | Unchanged | $5.5m77.7k shares |
| BNP PARIBAS FINANCIAL MARKETS | Unchanged | $5.5m766 shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.0m70.0k shares |
| IMC-Chicago, LLC | Added | $3.8m53.4k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $3.7m51.4k shares |
| Squarepoint Ops LLC | Added | $3.3m45.6k 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-02-05 | 7.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.6% |
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 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 |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 2 | $7.1m | — |
| Q1 2023 | 0 | — | 1 | $190.7k | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 1 | $15.3k | — |
| Q4 2023 | 0 | — | 1 | $157.9k | — |
| Q1 2024 | 0 | — | 2 | $459.4k | $321.6k |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.07% of their portfolio | 54.6m $3.9bn | Added +7.3m |
| BlackRock Inc. 0.06% of their portfolio | 37.1m $2.6bn | Added +4.4m |
| STATE STREET CORP 0.08% of their portfolio | 24.6m $1.8bn | Reduced -269.2k |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 19.5m $1.4bn | Reduced -1.6m |
| Invesco Ltd. 0.22% of their portfolio | 14.4m $1.0bn | Added +2.2m |
| Capital World Investors 0.16% of their portfolio | 13.5m $963.9m | Added +2.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 11.6m $826.7m | Added +1.9m |
| AMERIPRISE FINANCIAL INC 0.17% of their portfolio | 8.6m $615.1m | Added +1.8m |
| PARNASSUS INVESTMENTS, LLC 1.34% of their portfolio | 8.6m $614.0m | Reduced -1.2m |
| FMR LLC 0.03% of their portfolio | 7.6m $539.1m | Reduced -338.9k |
| Capital Research Global Investors 0.11% of their portfolio | 6.9m $490.0m | Added +251.3k |
| NORGES BANK 0.07% of their portfolio | 6.6m $474.1m | Added +441.4k |
| Longview Partners (Guernsey) LTD 3.44% of their portfolio | 6.5m $463.9m | Reduced -866.0k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 1.84% of their portfolio | 6.0m $429.2m | Added +2.0m |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 5.5m $390.3m | Reduced -143.7k |
| NORTHERN TRUST CORP 0.07% of their portfolio | 5.4m $386.8m | Reduced -97.6k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 5.4m $384.6m | Reduced -190.3k |
| MORGAN STANLEY 0.03% of their portfolio | 5.4m $382.0m | Reduced -10.9m |
| WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio | 4.8m $344.6m | Reduced -9.8m |
| ProShare Advisors LLC 0.91% of their portfolio | 4.7m $338.8m | Added +2.4m |
| MONTRUSCO BOLTON INVESTMENTS INC. 3.23% of their portfolio | 4.4m $307.6m | Added +903.5k |
| PRIMECAP MANAGEMENT CO/CA/ 0.23% of their portfolio | 4.4m $312.2m | Added +1.2m |
| JANUS HENDERSON GROUP PLC 0.16% of their portfolio | 4.1m $292.5m | Reduced -89.7k |
| LAZARD ASSET MANAGEMENT LLC 0.35% of their portfolio | 3.9m $275.7m | Reduced -989.3k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 3.7m $264.3m | Added +359.6k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.22% of their portfolio | 3.4m $245.8m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 3.3m $239.1m | Added +627.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.21% of their portfolio | 3.2m $230.2m | Reduced -350.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 2.9m $209.9m | Added +109.9k |
| Legal & General Group Plc 0.06% of their portfolio | 2.9m $206.1m | Reduced -189.4k |
| WELLS FARGO & COMPANY/MN 0.05% of their portfolio | 2.6m $183.1m | Added +28.9k |
| First Nebraska Trust Co 18.21% of their portfolio | 2.5m $176.6m | Added +47.8k |
| FIDUCIARY MANAGEMENT INC /WI/ 1.58% of their portfolio | 2.4m $169.4m | Reduced -123.0k |
| Holocene Advisors, LP 0.71% of their portfolio | 2.4m $169.3m | Reduced -1.6m |
| Clarkston Capital Partners, LLC 3.15% of their portfolio | 2.3m $165.2m | Reduced -30.0k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 2.3m $163.1m | Added +62.3k |
| Swedbank AB 0.21% of their portfolio | 2.2m $157.3m | Unchanged |
| UBS Group AG 0.04% of their portfolio | 2.0m $141.8m | Added +44.9k |
| D. E. Shaw & Co., Inc. 0.20% of their portfolio | 2.0m $140.5m | Added +557.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 1.9m $135.9m | Added +58.4k |
| AMERICAN CENTURY COMPANIES INC 0.08% of their portfolio | 1.8m $128.3m | Reduced -124.7k |
| Amundi 0.05% of their portfolio | 1.8m $125.3m | Reduced -48.3k |
| Coho Partners, Ltd. 4.29% of their portfolio | 1.7m $122.9m | Reduced -523.4k |
| Thrivent Financial for Lutherans 0.22% of their portfolio | 1.5m $110.5m | Reduced -15.2k |
| RAYMOND JAMES & ASSOCIATES 0.07% of their portfolio | 1.5m $107.9m | Added +42.7k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 1.5m $110.7m | Added +311.7k |
| Swiss National Bank 0.07% of their portfolio | 1.5m $105.2m | Reduced -36.5k |
| YACKTMAN ASSET MANAGEMENT LP 0.99% of their portfolio | 1.5m $105.0m | Reduced -11.2k |
| Pictet Asset Management Holding SA 0.11% of their portfolio | 1.3m $93.8m | Reduced -42.2k |
| AXA S.A. 0.14% of their portfolio | 1.3m $93.2m | Added +1.1m |
| Focus Partners Wealth 0.29% of their portfolio | 1.2m $86.8m | Added +1.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.2m $86.8m | Reduced -2.0m |
| BARCLAYS PLC 0.04% of their portfolio | 1.2m $85.5m | Reduced -924.8k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 1.2m $84.2m | Added +235.6k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 1.2m $83.6m | Reduced -193.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 1.2m $82.3m | Reduced -90.1k |
| Junto Capital Management LP 1.79% of their portfolio | 1.1m $81.5m | Added +570.3k |
| FIL Ltd 0.08% of their portfolio | 1.1m $81.5m | Added +65.2k |
| MAIRS & POWER INC 0.78% of their portfolio | 1.1m $80.3m | Reduced -145.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.09% of their portfolio | 1.1m $80.2m | Reduced -327.5k |
| California Public Employees Retirement System 0.06% of their portfolio | 1.1m $77.6m | Added +10.4k |
| National Pension Service 0.09% of their portfolio | 1.1m $76.4m | Added +57.4k |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 1.0m $73.2m | Added +603.2k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 1.0m $72.5m | Added +46.8k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.0m $71.8m | Added +11.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio | 996.3k $71.1m | Reduced -137.1k |
| Empower Advisory Group, LLC 0.26% of their portfolio | 977.7k $69.8m | Added +13.5k |
| EARNEST PARTNERS LLC 0.31% of their portfolio | 924.9k $66.0m | Reduced -7.6k |
| STOREBRAND ASSET MANAGEMENT AS 0.21% of their portfolio | 881.7k $62.9m | Added +52.2k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 865.1k $61.8m | Reduced -115.3k |
| Ensign Peak Advisors, Inc 0.11% of their portfolio | 836.5k $59.7m | Reduced -309.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 825.1k $58.9m | Reduced -22.1k |
| Baird Financial Group, Inc. 0.12% of their portfolio | 789.6k $56.4m | Reduced -6.6k |
| OLD REPUBLIC INTERNATIONAL CORP 2.28% of their portfolio | 784.7k $56.0m | Unchanged |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.23% of their portfolio | 778.2k $55.6m | Reduced -366.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.20% of their portfolio | 767.6k $54.8m | Added +605.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 757.1k $54.0m | Added +83.2k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.35% of their portfolio | 744.5k $53.2m | Added +8.9k |
| Qube Research & Technologies Ltd 0.10% of their portfolio | 723.2k $51.6m | Reduced -830.9k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 683.7k $48.8m | Reduced -3.8k |
| NOMURA ASSET MANAGEMENT CO LTD 0.16% of their portfolio | 659.7k $47.1m | Added +32.2k |
| CANADA LIFE ASSURANCE Co 0.08% of their portfolio | 622.3k $44.4m | Added +54.9k |
| GUGGENHEIM CAPITAL LLC 0.30% of their portfolio | 594.8k $42.5m | Added +33.9k |
| Artisan Partners Limited Partnership 0.06% of their portfolio | 587.9k $42.0m | Reduced -4.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 585.6k $41.8m | Added +13.2k |
| Mariner, LLC 0.08% of their portfolio | 583.5k $41.7m | Added +41.8k |
| Vest Financial, LLC 0.98% of their portfolio | 574.0k $41.0m | Added +77.2k |
| Korea Investment CORP 0.10% of their portfolio | 567.2k $40.5m | Reduced -125.9k |
| NATIXIS ADVISORS, LLC 0.09% of their portfolio | 566.6k $40.4m | Reduced -13.9k |
| Man Group plc 0.10% of their portfolio | 545.0k $38.9m | Added +327.2k |
| Williams Jones Wealth Management, LLC. 0.48% of their portfolio | 541.0k $38.6m | Reduced -20.3k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.22% of their portfolio | 535.0k $38.2m | Added +161.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 532.3k $38.0m | Reduced -48.0k |
| MEYER HANDELMAN CO 1.34% of their portfolio | 531.3k $37.9m | Reduced -25.5k |
| PNC Financial Services Group, Inc. 0.03% of their portfolio | 527.7k $37.7m | Reduced -57.0k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 524.2k $37.4m | Added +23.7k |
| MONTANOVA CAPITAL, LLC 1.52% of their portfolio | 520.9k $37.2m | New |
| AVIVA PLC 0.10% of their portfolio | 520.7k $37.2m | Added +9.1k |
| RWC Asset Management LLP 2.61% of their portfolio | 518.9k $37.0m | Added +2.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 510.9k $36.5m | Reduced -335.8k |