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 ($516.4m this quarter). Holder counts are more reliable. Shares outstanding: 258.1m as of 2024-07-31, 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 ≈ $467.26. Options: 43 managers hold calls ($700.2m notional), 42 hold puts ($896.9m).
Trends to Q2 2024
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 |
| Q4 2023 | 1,441 |
| Q1 2024 | 1,496 |
| Q2 2024 | 1,550 |
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 |
| Q4 2023 | 703 | 542 |
| Q1 2024 | 766 | 612 |
| Q2 2024 | 815 | 609 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $673.5m | $635.3m | 0.94 |
| Q4 2023 | $913.2m | $1.0bn | 1.10 |
| Q1 2024 | $735.2m | $796.1m | 1.08 |
| Q2 2024 | $700.2m | $896.9m | 1.28 |
Biggest buyers
| Capital Research Global Investors | Added | +2.8m |
| JPMORGAN CHASE & CO | Added | +1.2m |
| Capital World Investors | Added | +1.1m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +791.8k |
| GOLDMAN SACHS GROUP INC | Added | +661.5k |
| AMF Tjanstepension AB | New | +549.7k |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +543.2k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +512.3k |
| VANGUARD GROUP INC | Added | +299.0k |
| Carmignac Gestion | New | +185.2k |
Biggest sellers
| MORGAN STANLEY | Reduced | -6.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -2.3m |
| BlackRock Inc. | Reduced | -648.4k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -463.8k |
| Pictet Asset Management Holding SA | Reduced | -434.9k |
| Clearbridge Investments, LLC | Reduced | -337.8k |
| Man Group plc | Reduced | -330.6k |
| Global Assets Advisory, LLC | Sold out | -330.1k |
| Caisse de depot et placement du Quebec | Reduced | -299.4k |
| Invesco Ltd. | Reduced | -288.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $137.8m293.9k shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Unchanged | $100.8m213.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $73.6m157.1k shares |
| CITADEL ADVISORS LLC | Reduced | $63.5m135.4k shares |
| WOLVERINE TRADING, LLC | Added | $33.5m71.4k shares |
| UBS Group AG | Added | $30.1m64.3k shares |
| JPMORGAN CHASE & CO | Reduced | $29.7m63.4k shares |
| JANE STREET GROUP, LLC | Reduced | $26.5m56.5k shares |
| IMC-Chicago, LLC | Added | $22.6m48.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $19.5m41.6k shares |
Biggest puts
| Kynam Capital Management, LP | Added | $154.7m330.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $127.2m271.4k shares |
| Qube Research & Technologies Ltd | New | $70.7m150.8k shares |
| Hudson Bay Capital Management LP | New | $64.4m137.5k shares |
| CITADEL ADVISORS LLC | Reduced | $52.6m112.2k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $50.6m1.1k shares |
| Eisler Capital (UK) Ltd. | Added | $48.2m102.9k shares |
| UBS Group AG | Reduced | $31.1m66.3k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $27.8m59.4k shares |
| JANE STREET GROUP, LLC | Reduced | $26.7m56.9k 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 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 | — | 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 |
| Q4 2023 | 0 | — | 10 | $38.5m | $38.5m |
| Q1 2024 | 0 | — | 9 | $32.1m | $32.1m |
| Q2 2024 | 0 | — | 11 | $23.7m | $23.7m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-26 | Bozic Carmen EVP and CMO | Sold plan | $1.1m2.3k shares |
| 2024-06-12 | Atkinson Edward Morrow III EVP, Chief Technical Ops. Off. | Sold plan | $3.5m7.3k shares |
| 2024-06-12 | Bozic Carmen EVP and CMO | Sold plan | $1.1m2.3k shares |
| 2024-06-03 | WAGNER CHARLES F JR EVP & Chief Financial Officer | Sold plan | $1.5m3.2k shares |
| 2024-06-03 | Tatsis Ourania EVP, Chief Reg. & Quality Off. | Sold plan | $1.0m2.2k shares |
| 2024-05-31 | Tatsis Ourania EVP, Chief Reg. & Quality Off. | Sold plan | $1.0m2.2k shares |
| 2024-05-30 | Tatsis Ourania EVP, Chief Reg. & Quality Off. | Sold plan | $1.0m2.4k shares |
| 2024-05-29 | Bozic Carmen EVP and CMO | Sold plan | $1.0m2.3k shares |
| 2024-05-28 | WAGNER CHARLES F JR EVP & Chief Financial Officer | Sold plan | $1.5m3.2k shares |
| 2024-05-24 | Kewalramani Reshma CEO & President, director | Sold plan | $715.2k1.6k shares |
| 2024-05-22 | SACHS BRUCE I Director | Sold plan | $3.2m7.1k shares |
| 2024-05-20 | Kewalramani Reshma CEO & President, director | Sold plan | $6.8m15.2k shares |
| 2024-05-15 | Arbuckle Stuart A EVP, COO | Sold plan | $29.7k69 shares |
| 2024-05-15 | ALTSHULER DAVID EVP, Chief Scientific Officer | Sold plan | $23.3k54 shares |
| 2024-05-15 | Sachdev Amit EVP Chief Patient & Ext Af Off | Sold plan | $13.8k32 shares |
| 2024-05-02 | Bhatia Sangeeta N. Director | Sold plan | $188.2k467 shares |
| 2024-04-02 | Ambrose Kristen SVP & Chief Accounting Officer | Sold plan | $100.6k240 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 2024
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 2.04% of their portfolio | 26.7m $12.5bn | Added +1.1m |
| VANGUARD GROUP INC 0.21% of their portfolio | 23.0m $10.8bn | Added +299.0k |
| BlackRock Inc. 0.23% of their portfolio | 21.3m $10.0bn | Reduced -648.4k |
| JPMORGAN CHASE & CO 0.27% of their portfolio | 13.2m $6.2bn | Added +1.2m |
| STATE STREET CORP 0.24% of their portfolio | 11.7m $5.5bn | Reduced -280.4k |
| FMR LLC 0.32% of their portfolio | 10.7m $5.0bn | Added +55.9k |
| Capital Research Global Investors 0.88% of their portfolio | 8.5m $4.0bn | Added +2.8m |
| ALLIANCEBERNSTEIN L.P. 1.18% of their portfolio | 7.2m $3.4bn | Added +123.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.26% of their portfolio | 6.3m $3.0bn | Added +512.3k |
| JENNISON ASSOCIATES LLC 1.41% of their portfolio | 4.7m $2.2bn | Reduced -83.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.34% of their portfolio | 4.1m $1.9bn | Reduced -463.8k |
| Amundi 0.63% of their portfolio | 3.5m $1.6bn | Reduced -79.0k |
| NORGES BANK 0.24% of their portfolio | 3.4m $1.6bn | Reduced -28.9k |
| MORGAN STANLEY 0.12% of their portfolio | 3.3m $1.5bn | Reduced -6.3m |
| LOOMIS SAYLES & CO L P 2.03% of their portfolio | 3.1m $1.5bn | Added +31.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.40% of their portfolio | 2.7m $1.3bn | Reduced -58.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.35% of their portfolio | 2.6m $1.2bn | Added +138.3k |
| BANK OF AMERICA CORP /DE/ 0.12% of their portfolio | 2.6m $1.2bn | Added +27.8k |
| NORTHERN TRUST CORP 0.20% of their portfolio | 2.5m $1.2bn | Reduced -44.5k |
| JANUS HENDERSON GROUP PLC 0.61% of their portfolio | 2.4m $1.1bn | Reduced -167.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.12% of their portfolio | 2.2m $1.0bn | Reduced -2.3m |
| Clearbridge Investments, LLC 0.80% of their portfolio | 2.1m $980.0m | Reduced -337.8k |
| GOLDMAN SACHS GROUP INC 0.19% of their portfolio | 2.1m $966.7m | Added +661.5k |
| AMERIPRISE FINANCIAL INC 0.26% of their portfolio | 2.1m $963.1m | Reduced -170.5k |
| Legal & General Group Plc 0.26% of their portfolio | 2.0m $924.5m | Reduced -53.3k |
| Bank of New York Mellon Corp 0.16% of their portfolio | 1.8m $861.3m | Reduced -36.5k |
| Invesco Ltd. 0.18% of their portfolio | 1.8m $845.0m | Reduced -288.4k |
| ROYAL BANK OF CANADA 0.19% of their portfolio | 1.7m $788.2m | Added +170.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.14% of their portfolio | 1.6m $752.8m | Added +49.4k |
| RENAISSANCE TECHNOLOGIES LLC 1.25% of their portfolio | 1.6m $734.2m | Reduced -14.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.68% of their portfolio | 1.5m $694.6m | Added +543.2k |
| DEUTSCHE BANK AG\ 0.29% of their portfolio | 1.4m $646.5m | Reduced -197.5k |
| Harding Loevner LP 3.06% of their portfolio | 1.2m $555.2m | Reduced -38.6k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.56% of their portfolio | 1.1m $511.5m | Added +791.8k |
| California Public Employees Retirement System 0.35% of their portfolio | 1.0m $474.4m | Reduced -168.3k |
| HSBC HOLDINGS PLC 0.27% of their portfolio | 904.7k $425.1m | Added +98.8k |
| BARCLAYS PLC 0.18% of their portfolio | 845.7k $396.4m | Added +28.2k |
| WELLS FARGO & COMPANY/MN 0.10% of their portfolio | 818.4k $383.6m | Added +50.8k |
| Nuveen Asset Management, LLC 0.11% of their portfolio | 804.4k $377.0m | Reduced -31.4k |
| Swiss National Bank 0.25% of their portfolio | 764.8k $358.5m | Reduced -6.9k |
| Mayflower Financial Advisors, LLC 0.23% of their portfolio | 729.3k $1.4m | Added +173 |
| Swedbank AB 0.42% of their portfolio | 666.2k $312.3m | Added +2.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.23% of their portfolio | 665.4k $311.9m | Reduced -53.0k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 663.0k $310.8m | Added +75.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.28% of their portfolio | 633.6k $297.0m | Reduced -62.2k |
| UBS Group AG 0.09% of their portfolio | 594.4k $278.6m | Added +22.2k |
| Bellevue Group AG 4.52% of their portfolio | 593.5k $278.2m | Reduced -75.3k |
| AMERICAN CENTURY COMPANIES INC 0.17% of their portfolio | 586.3k $274.8m | Reduced -108.6k |
| Pictet Asset Management Holding SA 0.30% of their portfolio | 563.4k $264.1m | Reduced -434.9k |
| Caisse de depot et placement du Quebec 0.63% of their portfolio | 555.7k $260.5m | Reduced -299.4k |
| FRANKLIN RESOURCES INC 0.08% of their portfolio | 552.4k $258.9m | Reduced -150.6k |
| AMF Tjanstepension AB 1.92% of their portfolio | 549.7k $257.7m | New |
| AQR CAPITAL MANAGEMENT LLC 0.39% of their portfolio | 536.1k $251.3m | Reduced -130.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.27% of their portfolio | 528.9k $247.9m | Added +8.8k |
| Artisan Partners Limited Partnership 0.37% of their portfolio | 515.4k $241.6m | Reduced -37.5k |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 511.4k $242.6m | Added +4.3k |
| TD Asset Management Inc 0.22% of their portfolio | 504.1k $236.3m | Reduced -11.3k |
| DekaBank Deutsche Girozentrale 0.43% of their portfolio | 501.5k $237.1m | Added +10.4k |
| CITIGROUP INC 0.22% of their portfolio | 479.6k $224.8m | Added +79.8k |
| National Pension Service 0.25% of their portfolio | 461.6k $216.4m | Added +7.1k |
| RHUMBLINE ADVISERS 0.20% of their portfolio | 457.9k $214.6m | Reduced -5.3k |
| Chevy Chase Trust Holdings, LLC 0.68% of their portfolio | 453.4k $212.5m | Added +9.6k |
| Qube Research & Technologies Ltd 0.39% of their portfolio | 453.4k $212.5m | Reduced -105.2k |
| NATIXIS ADVISORS, LLC 0.44% of their portfolio | 436.6k $204.6m | Added +104.5k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.84% of their portfolio | 428.7k $200.9m | Reduced -1.1k |
| NEUBERGER BERMAN GROUP LLC 0.16% of their portfolio | 427.5k $200.4m | Added +13.4k |
| Handelsbanken Fonder AB 0.85% of their portfolio | 416.4k $195.2m | Added +145.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.24% of their portfolio | 415.9k $194.9m | Reduced -1.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio | 415.1k $194.5m | Added +11.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.49% of their portfolio | 407.6k $191.1m | Reduced -79.3k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.59% of their portfolio | 388.8k $182.3m | Reduced -45.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.11% of their portfolio | 388.7k $182.2m | Added +25.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.24% of their portfolio | 388.6k $182.1m | Reduced -3.3k |
| AXA S.A. 0.27% of their portfolio | 386.7k $181.2m | Added +156.8k |
| ASSETMARK, INC 0.55% of their portfolio | 380.4k $178.3m | Reduced -2.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.21% of their portfolio | 371.5k $174.1m | Added +38.3k |
| Aberdeen Group plc 0.33% of their portfolio | 371.4k $174.1m | Reduced -202.8k |
| Robeco Institutional Asset Management B.V. 0.37% of their portfolio | 370.2k $173.5m | Reduced -93.7k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.44% of their portfolio | 369.8k $173.3m | Reduced -46.5k |
| APG Asset Management N.V. 0.28% of their portfolio | 357.9k $156.5m | Added +50.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.20% of their portfolio | 353.2k $167.3m | Added +21.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.16% of their portfolio | 337.1k $158.0m | Reduced -49.5k |
| MACQUARIE GROUP LTD 0.18% of their portfolio | 335.7k $157.4m | Reduced -36.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.29% of their portfolio | 335.2k $157.1m | Reduced -15.1k |
| Allianz Asset Management GmbH 0.25% of their portfolio | 334.6k $156.8m | Reduced -49.5k |
| TWO SIGMA INVESTMENTS, LP 0.37% of their portfolio | 332.0k $155.6m | Added +7.6k |
| Candriam S.C.A. 0.93% of their portfolio | 328.3k $153.9m | Reduced -60.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.15% of their portfolio | 325.7k $152.7m | Reduced -81.9k |
| CANADA LIFE ASSURANCE Co 0.28% of their portfolio | 320.3k $150.2m | Added +50.1k |
| RAYMOND JAMES & ASSOCIATES 0.10% of their portfolio | 310.6k $145.6m | Reduced -8.1k |
| JANE STREET GROUP, LLC 0.15% of their portfolio | 303.7k $142.3m | Added +161.1k |
| PRUDENTIAL FINANCIAL INC 0.20% of their portfolio | 289.6k $135.8m | Added +34.2k |
| ProShare Advisors LLC 0.34% of their portfolio | 269.7k $126.4m | Reduced -30.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.25% of their portfolio | 266.5k $124.9m | Reduced -39.3k |
| Russell Investments Group, Ltd. 0.20% of their portfolio | 261.2k $122.5m | Reduced -15.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.25% of their portfolio | 255.6k $119.8m | Reduced -10.7k |
| Retirement Systems of Alabama 0.43% of their portfolio | 239.2k $112.1m | Reduced -10.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.12% of their portfolio | 228.8k $107.3m | Added +20.5k |
| DAVENPORT & Co LLC 0.66% of their portfolio | 221.5k $103.9m | Added +2.7k |
| Skandinaviska Enskilda Banken AB (publ) 0.49% of their portfolio | 218.8k $102.5m | Reduced -46.1k |