VERTEX PHARMACEUTICALS INC VRTX
COM · Common Stock · CUSIP 92532F100 · ISIN US92532F1003
American pharmaceutical 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 ($626.0m this quarter). Holder counts are more reliable. Shares outstanding: 258.1m as of 2023-07-31, 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 ≈ $350.23. Options: 35 managers hold calls ($473.6m notional), 34 hold puts ($397.1m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,127 |
| Q4 2022 | 1,223 |
| Q1 2023 | 1,212 |
| Q2 2023 | 1,288 |
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 | 567 | 503 |
| Q1 2023 | 558 | 559 |
| Q2 2023 | 609 | 550 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $440.6m | $432.9m | 0.98 |
| Q4 2022 | $419.8m | $390.5m | 0.93 |
| Q1 2023 | $447.3m | $355.3m | 0.79 |
| Q2 2023 | $473.6m | $397.1m | 0.84 |
Biggest buyers
| Capital Research Global Investors | Added | +2.3m |
| Capital World Investors | Added | +1.2m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.1m |
| Winslow Capital Management, LLC | Added | +651.0k |
| MORGAN STANLEY | Added | +427.8k |
| Man Group plc | New | +382.8k |
| TWO SIGMA INVESTMENTS, LP | Added | +297.6k |
| Zurich Insurance Group Ltd/FI | New | +295.9k |
| BARCLAYS PLC | Added | +199.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +168.6k |
Biggest sellers
| FMR LLC | Reduced | -17.9m |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -1.1m |
| BlackRock Inc. | Reduced | -1.1m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -838.2k |
| JENNISON ASSOCIATES LLC | Reduced | -774.2k |
| JPMORGAN CHASE & CO | Reduced | -405.2k |
| Amundi | Reduced | -393.1k |
| AMERIPRISE FINANCIAL INC | Reduced | -366.0k |
| Man Group plc | Sold out | -353.3k |
| Allianz Asset Management GmbH | Reduced | -291.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $108.1m307.3k shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Unchanged | $75.0m213.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $45.9m130.5k shares |
| CITADEL ADVISORS LLC | Reduced | $39.2m111.4k shares |
| GROUP ONE TRADING LLC | Added | $27.0m76.6k shares |
| JANE STREET GROUP, LLC | Reduced | $24.4m69.2k shares |
| BANK OF AMERICA CORP /DE/ | Added | $23.6m67.0k shares |
| SIMPLEX TRADING, LLC | Added | $19.2m54.6k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $18.7m53.2k shares |
| IMC-Chicago, LLC | Added | $16.1m45.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $132.5m376.5k shares |
| CITADEL ADVISORS LLC | Reduced | $34.6m98.4k shares |
| SIMPLEX TRADING, LLC | Added | $26.3m74.6k shares |
| BANK OF AMERICA CORP /DE/ | Added | $25.4m72.3k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $23.6m67.2k shares |
| UBS Group AG | Added | $20.3m57.7k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $18.7m53.2k shares |
| IMC-Chicago, LLC | Reduced | $15.4m43.8k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $12.8m36.5k shares |
| HSBC HOLDINGS PLC | Reduced | $10.7m30.6k 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 |
|---|---|
| Capital World Investors 13G · institution -1.1 pts · filed 2026-05-14 | 10.1% |
| Capital Research Global Investors 13G · institution +1.5 pts · filed 2026-05-14 | 8.3% |
| 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 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 |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 3 | $16.5k | — |
| Q1 2022 | 0 | — | 5 | $10.8m | — |
| Q2 2022 | 0 | — | 10 | $18.0m | — |
| Q3 2022 | 0 | — | 7 | $57.0m | — |
| Q4 2022 | 0 | — | 3 | $1.2m | — |
| Q1 2023 | 0 | — | 10 | $27.8m | $2.0m |
| Q2 2023 | 0 | — | 7 | $21.3m | $21.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-15 | Arbuckle Stuart A EVP, COO | Sold plan | $3.0m8.6k shares |
| 2023-05-30 | Ambrose Kristen SVP & Chief Accounting Officer | Sold plan | $95.3k289 shares |
| 2023-05-30 | Arbuckle Stuart A EVP, COO | Sold plan | $27.0k82 shares |
| 2023-05-08 | Sanna Bastiano EVP, Cell & Genetic Therapies | Sold plan | $997.5k2.9k shares |
| 2023-05-08 | LEIDEN JEFFREY M Executive Chairman, director | Sold plan | $392.6k1.1k shares |
| 2023-05-05 | LEIDEN JEFFREY M Executive Chairman, director | Sold plan | $307.3k879 shares |
| 2023-05-05 | Sanna Bastiano EVP, Cell & Genetic Therapies | Sold plan | $147.7k422 shares |
| 2023-05-03 | LEIDEN JEFFREY M Executive Chairman, director | Sold plan | $1.6m4.5k shares |
| 2023-05-03 | Sanna Bastiano EVP, Cell & Genetic Therapies | Sold plan | $975.4k2.8k shares |
| 2023-05-02 | LEIDEN JEFFREY M Executive Chairman, director | Sold plan | $2.3m6.5k shares |
| 2023-05-02 | Sanna Bastiano EVP, Cell & Genetic Therapies | Sold plan | $568.8k1.6k shares |
| 2023-05-02 | Bhatia Sangeeta N. Director | Sold plan | $202.0k580 shares |
| 2023-04-27 | Kewalramani Reshma CEO & President, director | Sold plan | $1.1m3.3k shares |
| 2023-04-12 | SACHS BRUCE I Director | Sold plan | $7.0m21.3k shares |
| 2023-04-12 | Sanna Bastiano EVP, Cell & Genetic Therapies | Sold plan | $2.5m7.6k shares |
| 2023-04-04 | Sanna Bastiano EVP, Cell & Genetic Therapies | Sold plan | $164.9k522 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, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.22% of their portfolio | 22.8m $8.0bn | Reduced -1.1m |
| VANGUARD GROUP INC 0.18% of their portfolio | 21.9m $7.7bn | Added +49.8k |
| Capital World Investors 1.17% of their portfolio | 17.3m $6.1bn | Added +1.2m |
| FMR LLC 0.43% of their portfolio | 14.6m $5.1bn | Reduced -17.9m |
| STATE STREET CORP 0.23% of their portfolio | 12.3m $4.3bn | Added +124.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.50% of their portfolio | 7.6m $2.7bn | Added +35.3k |
| ALLIANCEBERNSTEIN L.P. 1.08% of their portfolio | 7.5m $2.7bn | Reduced -838.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.33% of their portfolio | 6.8m $2.4bn | Added +168.6k |
| JPMORGAN CHASE & CO 0.24% of their portfolio | 6.0m $2.1bn | Reduced -405.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.23% of their portfolio | 5.5m $1.9bn | Added +135.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.46% of their portfolio | 3.9m $1.4bn | Reduced -103.9k |
| JENNISON ASSOCIATES LLC 1.10% of their portfolio | 3.8m $1.3bn | Reduced -774.2k |
| LOOMIS SAYLES & CO L P 1.86% of their portfolio | 3.3m $1.2bn | Reduced -96.3k |
| Clearbridge Investments, LLC 1.00% of their portfolio | 3.2m $1.1bn | Reduced -186.3k |
| Capital Research Global Investors 0.29% of their portfolio | 3.1m $1.1bn | Added +2.3m |
| AMERIPRISE FINANCIAL INC 0.33% of their portfolio | 3.0m $1.1bn | Reduced -366.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.43% of their portfolio | 2.8m $885.9m | Unchanged |
| MORGAN STANLEY 0.10% of their portfolio | 2.8m $978.6m | Added +427.8k |
| NORTHERN TRUST CORP 0.18% of their portfolio | 2.7m $943.8m | Reduced -94.7k |
| NORGES BANK 0.18% of their portfolio | 2.6m $918.1m | Added +80.0k |
| BANK OF AMERICA CORP /DE/ 0.10% of their portfolio | 2.3m $823.5m | Reduced -245.1k |
| Legal & General Group Plc 0.24% of their portfolio | 2.1m $749.2m | Added +42.6k |
| Bank of New York Mellon Corp 0.15% of their portfolio | 2.0m $702.9m | Reduced -40.4k |
| Invesco Ltd. 0.18% of their portfolio | 1.9m $686.0m | Added +88.0k |
| GOLDMAN SACHS GROUP INC 0.16% of their portfolio | 1.8m $639.0m | Added +104.1k |
| Amundi 0.29% of their portfolio | 1.6m $572.1m | Reduced -393.1k |
| DEUTSCHE BANK AG\ 0.30% of their portfolio | 1.6m $561.9m | Reduced -159.6k |
| Harding Loevner LP 3.16% of their portfolio | 1.5m $541.3m | Reduced -288.4k |
| California Public Employees Retirement System 0.44% of their portfolio | 1.5m $516.5m | Reduced -12.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.15% of their portfolio | 1.4m $510.2m | Added +6.7k |
| JANUS HENDERSON GROUP PLC 0.31% of their portfolio | 1.4m $505.0m | Added +68.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.65% of their portfolio | 1.3m $447.7m | Reduced -125.6k |
| ROYAL BANK OF CANADA 0.12% of their portfolio | 1.2m $428.5m | Added +91.9k |
| Winslow Capital Management, LLC 1.80% of their portfolio | 1.1m $400.8m | Added +651.0k |
| Bellevue Group AG 5.51% of their portfolio | 1.1m $386.1m | Reduced -48.5k |
| PICTET ASSET MANAGEMENT SA 0.45% of their portfolio | 1.1m $378.6m | Reduced -100.5k |
| MILLENNIUM MANAGEMENT LLC 0.40% of their portfolio | 1.1m $375.4m | Added +1.1m |
| AMERICAN CENTURY COMPANIES INC 0.27% of their portfolio | 1.0m $352.4m | Reduced -149.5k |
| Swiss National Bank 0.22% of their portfolio | 930.3k $327.4m | Reduced -88.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.18% of their portfolio | 928.4k $326.7m | Added +16.1k |
| Caisse de depot et placement du Quebec 0.81% of their portfolio | 870.1k $306.2m | Reduced -143.1k |
| Nuveen Asset Management, LLC 0.10% of their portfolio | 852.0k $299.8m | Reduced -56.3k |
| FRANKLIN RESOURCES INC 0.14% of their portfolio | 831.5k $292.6m | Added +67.6k |
| VOYA INVESTMENT MANAGEMENT LLC 0.30% of their portfolio | 827.0k $291.0m | Reduced -82.3k |
| WELLS FARGO & COMPANY/MN 0.08% of their portfolio | 807.6k $284.2m | Added +25.5k |
| Ensign Peak Advisors, Inc 0.55% of their portfolio | 767.5k $270.1m | Added +18.1k |
| Mayflower Financial Advisors, LLC 0.17% of their portfolio | 729.6k $1.3m | Added +5 |
| Sumitomo Mitsui Trust Group, Inc. 0.20% of their portfolio | 722.0k $254.1m | Reduced -123.2k |
| MACQUARIE GROUP LTD 0.29% of their portfolio | 714.4k $251.4m | Reduced -51.9k |
| HSBC HOLDINGS PLC 0.26% of their portfolio | 682.2k $239.9m | Added +118.9k |
| Artisan Partners Limited Partnership 0.36% of their portfolio | 639.8k $225.2m | Reduced -1.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.69% of their portfolio | 636.8k $224.1m | Reduced -132.8k |
| BARCLAYS PLC 0.15% of their portfolio | 636.0k $223.8m | Added +199.9k |
| Swedbank AB 0.38% of their portfolio | 615.4k $216.6m | Reduced -15.7k |
| AQR CAPITAL MANAGEMENT LLC 0.46% of their portfolio | 612.4k $215.5m | Added +40.9k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 610.7k $214.9m | Reduced -10.1k |
| Impax Asset Management Group plc 0.82% of their portfolio | 583.9k $205.1m | Reduced -178.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 1.12% of their portfolio | 550.5k $193.7m | Reduced -71.9k |
| ASSETMARK, INC 0.71% of their portfolio | 511.2k $179.9m | Reduced -27.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.19% of their portfolio | 496.8k $174.8m | Reduced -49.7k |
| Allianz Asset Management GmbH 0.35% of their portfolio | 495.3k $174.3m | Reduced -291.6k |
| UBS Group AG 0.07% of their portfolio | 483.9k $170.3m | Reduced -58.3k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 1.88% of their portfolio | 482.6k $169.8m | Added +7.1k |
| BANK OF MONTREAL /CAN/ 0.06% of their portfolio | 477.9k $168.4m | Added +40.5k |
| PRUDENTIAL FINANCIAL INC 0.24% of their portfolio | 474.5k $167.0m | Reduced -59.4k |
| NATIXIS ADVISORS, LLC 0.51% of their portfolio | 473.2k $166.5m | Added +10.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.21% of their portfolio | 469.2k $165.1m | Added +7.4k |
| DekaBank Deutsche Girozentrale 0.37% of their portfolio | 466.0k $162.7m | Added +13.6k |
| RHUMBLINE ADVISERS 0.18% of their portfolio | 463.3k $163.0m | Added +12.9k |
| CITIGROUP INC 0.21% of their portfolio | 463.0k $162.9m | Added +38.1k |
| LORD, ABBETT & CO. LLC 0.28% of their portfolio | 461.1k $162.3m | Added +79.9k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.75% of their portfolio | 447.6k $157.5m | Reduced -607 |
| National Pension Service 0.24% of their portfolio | 432.5k $150.6m | Reduced -44.3k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.60% of their portfolio | 426.2k $150.0m | Reduced -30.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.21% of their portfolio | 425.2k $149.6m | Reduced -8.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.65% of their portfolio | 421.5k $148.3m | Added +26.5k |
| Chevy Chase Trust Holdings, LLC 0.55% of their portfolio | 415.9k $146.4m | Added +77.1k |
| Robeco Institutional Asset Management B.V. 0.37% of their portfolio | 406.4k $143.0m | Reduced -40.4k |
| CREDIT SUISSE AG/ 0.14% of their portfolio | 401.7k $141.4m | Reduced -162.4k |
| SEI INVESTMENTS CO 0.24% of their portfolio | 398.9k $140.4m | Added +140.5k |
| Allspring Global Investments Holdings, LLC 0.22% of their portfolio | 397.7k $139.9m | Reduced -9.6k |
| Candriam S.C.A. 1.01% of their portfolio | 396.6k $139.6m | Added +5.7k |
| TWO SIGMA INVESTMENTS, LP 0.37% of their portfolio | 388.9k $136.9m | Added +297.6k |
| Assenagon Asset Management S.A. 0.53% of their portfolio | 384.7k $135.4m | Reduced -234.1k |
| Man Group plc 0.42% of their portfolio | 382.8k $134.7m | New |
| TD Asset Management Inc 0.15% of their portfolio | 377.0k $132.7m | Reduced -9.6k |
| Skandinaviska Enskilda Banken AB (publ) 0.87% of their portfolio | 376.9k $132.7m | Reduced -67.1k |
| Polar Capital Holdings Plc 0.90% of their portfolio | 375.0k $132.0m | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.26% of their portfolio | 368.5k $129.7m | Added +89.4k |
| Epoch Investment Partners, Inc. 0.75% of their portfolio | 367.4k $129.3m | Reduced -24.0k |
| Russell Investments Group, Ltd. 0.25% of their portfolio | 361.1k $127.0m | Reduced -24.6k |
| Korea Investment CORP 0.35% of their portfolio | 354.8k $124.8m | Reduced -15.2k |
| RAYMOND JAMES & ASSOCIATES 0.10% of their portfolio | 331.7k $116.7m | Reduced -15.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.08% of their portfolio | 330.9k $116.5m | Reduced -2.6k |
| APG Asset Management N.V. 0.21% of their portfolio | 326.5k $105.3m | Reduced -26.2k |
| Tekla Capital Management LLC 4.38% of their portfolio | 318.0k $111.9m | Reduced -12.3k |
| NEUBERGER BERMAN GROUP LLC 0.10% of their portfolio | 311.6k $109.7m | Added +8.6k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.35% of their portfolio | 311.5k $109.6m | Added +56.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 306.3k $107.8m | Reduced -1.1m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.23% of their portfolio | 306.0k $107.7m | Reduced -32.4k |