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 ($471.3m this quarter). Holder counts are more reliable. Shares outstanding: 257.7m as of 2023-10-31, 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 ≈ $347.29. Options: 43 managers hold calls ($673.5m notional), 43 hold puts ($635.3m).
Trends to Q3 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 |
| Q3 2023 | 1,282 |
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 |
| Q3 2023 | 602 | 537 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $419.8m | $390.5m | 0.93 |
| Q1 2023 | $447.3m | $355.3m | 0.79 |
| Q2 2023 | $473.6m | $397.1m | 0.84 |
| Q3 2023 | $673.5m | $635.3m | 0.94 |
Biggest buyers
| Capital World Investors | Added | +641.0k |
| FIRST TRUST ADVISORS LP | Added | +508.4k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +391.9k |
| Qube Research & Technologies Ltd | Added | +339.5k |
| Capital Research Global Investors | Added | +310.9k |
| Amundi | Added | +297.6k |
| Man Group plc | New | +272.8k |
| JANUS HENDERSON GROUP PLC | Added | +223.9k |
| BARCLAYS PLC | Added | +170.2k |
| JPMORGAN CHASE & CO | Added | +150.3k |
Biggest sellers
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -1.0m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -521.4k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | Sold out | -482.6k |
| Man Group plc | Sold out | -382.8k |
| STATE STREET CORP | Reduced | -292.0k |
| DEUTSCHE BANK AG\ | Reduced | -270.2k |
| FMR LLC | Reduced | -268.2k |
| BlackRock Inc. | Reduced | -235.2k |
| Clearbridge Investments, LLC | Reduced | -208.2k |
| Harding Loevner LP | Reduced | -191.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $175.4m504.4k shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Unchanged | $74.4m213.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $62.2m178.9k shares |
| CITADEL ADVISORS LLC | Added | $49.0m140.8k shares |
| JANE STREET GROUP, LLC | Added | $41.4m119.0k shares |
| GROUP ONE TRADING LLC | Added | $34.6m99.4k shares |
| UBS Group AG | Added | $23.1m66.5k shares |
| SIMPLEX TRADING, LLC | Added | $21.4m61.5k shares |
| IMC-Chicago, LLC | Added | $16.7m47.9k shares |
| CITIGROUP INC | Added | $15.1m43.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $127.4m366.3k shares |
| CITADEL ADVISORS LLC | Added | $47.7m137.2k shares |
| Cresset Asset Management, LLC | New | $46.3m133.2k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $42.4m121.8k shares |
| SIMPLEX TRADING, LLC | Added | $28.7m82.5k shares |
| UBS Group AG | Added | $26.7m76.9k shares |
| JANE STREET GROUP, LLC | Added | $25.5m73.3k shares |
| Walleye Trading LLC | Added | $25.0m71.9k shares |
| CITIGROUP INC | Added | $19.2m55.2k shares |
| Walleye Capital LLC | Added | $18.9m54.4k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2023 | 0 | — | 8 | $20.8m | $20.8m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-09-19 | Bozic Carmen EVP and CMO | Sold plan | $2.0m5.7k shares |
| 2023-09-05 | Bozic Carmen EVP and CMO | Sold plan | $2.0m5.7k shares |
| 2023-08-23 | Tatsis Ourania EVP, Chief Reg. & Quality Off. | Sold plan | $887.5k2.5k shares |
| 2023-08-10 | Sachdev Amit EVP, Chief Patient Officer | Sold plan | $3.5m10.0k shares |
| 2023-08-10 | Kearney Terrence C Director | Sold plan | $3.5m10.0k shares |
| 2023-08-10 | Tatsis Ourania EVP, Chief Reg. & Quality Off. | Sold plan | $2.0m5.8k shares |
| 2023-08-09 | Bhatia Sangeeta N. Director | Sold plan | $83.6k242 shares |
| 2023-08-09 | ALTSHULER DAVID EVP, Global Research and CSO | Sold plan | $21.8k63 shares |
| 2023-07-17 | SACHS BRUCE I Director | Sold plan | $4.0m11.2k shares |
| 2023-07-17 | Kewalramani Reshma CEO & President, director | Sold plan | $2.8m7.8k 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 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.23% of their portfolio | 22.6m $7.9bn | Reduced -235.2k |
| VANGUARD GROUP INC 0.19% of their portfolio | 22.0m $7.6bn | Added +87.4k |
| Capital World Investors 1.24% of their portfolio | 18.0m $6.3bn | Added +641.0k |
| FMR LLC 0.43% of their portfolio | 14.4m $5.0bn | Reduced -268.2k |
| STATE STREET CORP 0.23% of their portfolio | 12.0m $4.2bn | Reduced -292.0k |
| ALLIANCEBERNSTEIN L.P. 1.12% of their portfolio | 7.5m $2.6bn | Reduced -8.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.35% of their portfolio | 6.9m $2.4bn | Added +91.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.45% of their portfolio | 6.5m $2.3bn | Reduced -1.0m |
| JPMORGAN CHASE & CO 0.25% of their portfolio | 6.1m $2.1bn | Added +150.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.23% of their portfolio | 5.6m $1.9bn | Added +51.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.47% of their portfolio | 3.9m $1.4bn | Reduced -49.3k |
| JENNISON ASSOCIATES LLC 1.12% of their portfolio | 3.8m $1.3bn | Reduced -8.0k |
| Capital Research Global Investors 0.32% of their portfolio | 3.4m $1.2bn | Added +310.9k |
| LOOMIS SAYLES & CO L P 1.89% of their portfolio | 3.2m $1.1bn | Reduced -111.8k |
| Clearbridge Investments, LLC 0.98% of their portfolio | 2.9m $1.0bn | Reduced -208.2k |
| AMERIPRISE FINANCIAL INC 0.34% of their portfolio | 2.9m $1.0bn | Reduced -86.0k |
| MORGAN STANLEY 0.10% of their portfolio | 2.9m $998.0m | Added +89.2k |
| NORTHERN TRUST CORP 0.19% of their portfolio | 2.8m $978.4m | Added +131.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.43% of their portfolio | 2.8m $964.6m | Reduced -37.9k |
| NORGES BANK 0.19% of their portfolio | 2.7m $929.8m | Added +65.0k |
| BANK OF AMERICA CORP /DE/ 0.10% of their portfolio | 2.4m $818.2m | Added +12.9k |
| Legal & General Group Plc 0.25% of their portfolio | 2.0m $709.5m | Reduced -88.6k |
| Invesco Ltd. 0.19% of their portfolio | 2.0m $701.3m | Added +67.5k |
| Bank of New York Mellon Corp 0.15% of their portfolio | 2.0m $700.3m | Added +16.4k |
| Amundi 0.35% of their portfolio | 1.9m $720.9m | Added +297.6k |
| GOLDMAN SACHS GROUP INC 0.15% of their portfolio | 1.7m $589.5m | Reduced -120.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.99% of their portfolio | 1.7m $578.7m | Added +391.9k |
| JANUS HENDERSON GROUP PLC 0.38% of their portfolio | 1.7m $576.8m | Added +223.9k |
| California Public Employees Retirement System 0.45% of their portfolio | 1.5m $525.1m | Added +42.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.15% of their portfolio | 1.5m $510.3m | Added +17.6k |
| Harding Loevner LP 3.09% of their portfolio | 1.3m $468.3m | Reduced -191.5k |
| DEUTSCHE BANK AG\ 0.30% of their portfolio | 1.3m $461.2m | Reduced -270.2k |
| ROYAL BANK OF CANADA 0.13% of their portfolio | 1.2m $427.8m | Added +12.6k |
| Winslow Capital Management, LLC 1.85% of their portfolio | 1.1m $389.3m | Reduced -19.3k |
| Pictet Asset Management Holding SA 0.45% of their portfolio | 1.1m $368.2m | First filing |
| Bellevue Group AG 5.62% of their portfolio | 1.0m $348.7m | Reduced -94.4k |
| AMERICAN CENTURY COMPANIES INC 0.25% of their portfolio | 944.9k $328.6m | Reduced -56.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.18% of their portfolio | 881.5k $306.5m | Reduced -46.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.33% of their portfolio | 859.0k $298.5m | Added +32.1k |
| Swiss National Bank 0.23% of their portfolio | 828.4k $288.1m | Reduced -101.9k |
| Caisse de depot et placement du Quebec 0.82% of their portfolio | 816.0k $283.8m | Reduced -54.1k |
| Nuveen Asset Management, LLC 0.10% of their portfolio | 812.6k $282.6m | Reduced -39.4k |
| BARCLAYS PLC 0.18% of their portfolio | 806.2k $280.4m | Added +170.2k |
| FIRST TRUST ADVISORS LP 0.33% of their portfolio | 798.4k $277.6m | Added +508.4k |
| WELLS FARGO & COMPANY/MN 0.08% of their portfolio | 780.3k $271.3m | Reduced -27.3k |
| Ensign Peak Advisors, Inc 0.56% of their portfolio | 755.5k $262.7m | Reduced -12.0k |
| FRANKLIN RESOURCES INC 0.13% of their portfolio | 754.5k $262.4m | Reduced -77.0k |
| MACQUARIE GROUP LTD 0.32% of their portfolio | 730.9k $254.2m | Added +16.5k |
| Mayflower Financial Advisors, LLC 0.17% of their portfolio | 729.1k $1.1m | Reduced -425 |
| Sumitomo Mitsui Trust Group, Inc. 0.20% of their portfolio | 711.6k $247.4m | Reduced -10.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.74% of their portfolio | 690.1k $240.0m | Added +53.4k |
| Swedbank AB 0.43% of their portfolio | 673.3k $234.1m | Added +57.8k |
| AQR CAPITAL MANAGEMENT LLC 0.46% of their portfolio | 643.5k $223.8m | Added +31.1k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 592.4k $206.0m | Reduced -18.3k |
| Artisan Partners Limited Partnership 0.35% of their portfolio | 585.8k $203.7m | Reduced -54.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.23% of their portfolio | 578.5k $201.2m | Added +81.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 1.17% of their portfolio | 569.5k $198.0m | Added +19.0k |
| HSBC HOLDINGS PLC 0.22% of their portfolio | 560.8k $195.1m | Reduced -121.4k |
| Impax Asset Management Group plc 0.87% of their portfolio | 558.1k $193.7m | Reduced -25.8k |
| MILLENNIUM MANAGEMENT LLC 0.20% of their portfolio | 545.3k $189.6m | Reduced -521.4k |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 523.4k $183.6m | Added +45.4k |
| ASSETMARK, INC 0.70% of their portfolio | 504.4k $175.4m | Reduced -6.7k |
| CREDIT SUISSE AG/ 0.18% of their portfolio | 496.0k $172.5m | Added +94.2k |
| TD Asset Management Inc 0.20% of their portfolio | 480.1k $166.9m | Added +103.1k |
| Allianz Asset Management GmbH 0.34% of their portfolio | 478.8k $166.5m | Reduced -16.6k |
| DekaBank Deutsche Girozentrale 0.38% of their portfolio | 470.1k $165.6m | Added +4.0k |
| RHUMBLINE ADVISERS 0.19% of their portfolio | 463.8k $161.3m | Added +425 |
| LORD, ABBETT & CO. LLC 0.30% of their portfolio | 457.5k $159.1m | Reduced -3.6k |
| CITIGROUP INC 0.22% of their portfolio | 445.6k $155.0m | Reduced -17.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.22% of their portfolio | 441.7k $153.6m | Reduced -27.5k |
| National Pension Service 0.25% of their portfolio | 441.5k $155.3m | Added +9.0k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.78% of their portfolio | 436.2k $151.7m | Reduced -11.3k |
| Robeco Institutional Asset Management B.V. 0.40% of their portfolio | 432.9k $150.5m | Added +26.5k |
| Chevy Chase Trust Holdings, LLC 0.59% of their portfolio | 430.6k $149.8m | Added +14.7k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.63% of their portfolio | 427.1k $148.5m | Added +842 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.66% of their portfolio | 427.0k $148.5m | Added +5.5k |
| Qube Research & Technologies Ltd 0.43% of their portfolio | 419.1k $145.7m | Added +339.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio | 411.5k $143.1m | Added +105.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.22% of their portfolio | 408.9k $142.2m | Reduced -16.3k |
| SEI INVESTMENTS CO 0.25% of their portfolio | 399.2k $138.8m | Added +297 |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.44% of their portfolio | 390.5k $135.8m | Added +79.0k |
| Candriam S.C.A. 0.95% of their portfolio | 384.3k $133.6m | Reduced -12.2k |
| Polar Capital Holdings Plc 0.97% of their portfolio | 375.0k $130.4m | Unchanged |
| Russell Investments Group, Ltd. 0.25% of their portfolio | 356.6k $124.1m | Reduced -4.5k |
| UBS Group AG 0.06% of their portfolio | 352.7k $122.6m | Reduced -131.2k |
| Epoch Investment Partners, Inc. 0.77% of their portfolio | 348.9k $121.3m | Reduced -18.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.18% of their portfolio | 348.8k $121.3m | Added +59.9k |
| RAYMOND JAMES & ASSOCIATES 0.10% of their portfolio | 342.4k $119.1m | Added +10.7k |
| NEUBERGER BERMAN GROUP LLC 0.11% of their portfolio | 337.9k $117.5m | Added +26.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.08% of their portfolio | 328.7k $114.3m | Reduced -2.2k |
| Skandinaviska Enskilda Banken AB (publ) 0.75% of their portfolio | 326.6k $113.6m | Reduced -50.3k |
| NATIXIS ADVISORS, LLC 0.34% of their portfolio | 319.2k $111.0m | Reduced -154.0k |
| Mirae Asset Global Investments Co., Ltd. 0.24% of their portfolio | 318.6k $110.8m | Added +41.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.15% of their portfolio | 310.1k $109.4m | Added +21.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.24% of their portfolio | 306.5k $106.6m | Reduced -62.0k |
| PRUDENTIAL FINANCIAL INC 0.17% of their portfolio | 303.9k $105.9m | Reduced -170.5k |
| APG Asset Management N.V. 0.21% of their portfolio | 300.3k $104.4m | Reduced -26.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.24% of their portfolio | 300.0k $104.3m | Reduced -6.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.24% of their portfolio | 299.4k $104.1m | Added +4.6k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 1.02% of their portfolio | 297.9k $103.6m | Unchanged |