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 ($297.1m this quarter). Holder counts are more reliable. Shares outstanding: 257.5m as of 2024-10-31, 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 ≈ $464.09. Options: 45 managers hold calls ($937.9m notional), 43 hold puts ($738.7m).
Trends to Q3 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 |
| Q3 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 |
| Q3 2024 | 724 | 689 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $913.2m | $1.0bn | 1.10 |
| Q1 2024 | $735.2m | $796.1m | 1.08 |
| Q2 2024 | $700.2m | $896.9m | 1.28 |
| Q3 2024 | $937.9m | $738.7m | 0.79 |
Biggest buyers
| EDGEWOOD MANAGEMENT LLC | Added | +1.5m |
| JENNISON ASSOCIATES LLC | Added | +851.1k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +704.4k |
| JPMORGAN CHASE & CO | Added | +657.6k |
| Capital Research Global Investors | Added | +462.9k |
| FIRST TRUST ADVISORS LP | Added | +371.7k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Added | +324.2k |
| Bank Julius Baer & Co. Ltd, Zurich | Added | +322.1k |
| Amundi | Added | +255.2k |
| AustralianSuper Pty Ltd | New | +226.4k |
Biggest sellers
| Mayflower Financial Advisors, LLC | Reduced | -727.8k |
| GOLDMAN SACHS GROUP INC | Reduced | -704.0k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -544.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -443.7k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -389.4k |
| AMF Tjanstepension AB | Reduced | -381.8k |
| Qube Research & Technologies Ltd | Reduced | -322.2k |
| JANE STREET GROUP, LLC | Reduced | -249.5k |
| AXA S.A. | Reduced | -242.3k |
| APG Asset Management N.V. | Reduced | -233.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $145.1m312.0k shares |
| JPMORGAN CHASE & CO | Added | $112.8m242.6k shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Unchanged | $98.9m213.0k shares |
| CITADEL ADVISORS LLC | Added | $97.4m209.5k shares |
| JANE STREET GROUP, LLC | Added | $49.9m107.4k shares |
| Ikarian Capital, LLC | New | $46.5m100.0k shares |
| GROUP ONE TRADING LLC | Added | $35.2m75.7k shares |
| WOLVERINE TRADING, LLC | Reduced | $30.9m66.7k shares |
| UBS Group AG | Added | $30.6m65.9k shares |
| PUBLIC INVESTMENT FUND | New | $28.8m62.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $129.0m277.3k shares |
| Qube Research & Technologies Ltd | Added | $107.1m230.3k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $51.9m1.1k shares |
| Ikarian Capital, LLC | New | $46.5m100.0k shares |
| CITADEL ADVISORS LLC | Reduced | $43.8m94.2k shares |
| Walleye Trading LLC | Added | $37.8m81.3k shares |
| UBS Group AG | Added | $31.7m68.1k shares |
| CITIGROUP INC | Added | $22.0m47.2k shares |
| JPMORGAN CHASE & CO | Unchanged | $19.5m42.0k shares |
| READYSTATE ASSET MANAGEMENT LP | Added | $16.2m34.8k 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 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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2024 | 0 | — | 5 | $24.0m | $24.0m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-08-30 | LEIDEN JEFFREY M Executive Chairman, director | Sold plan | $1.9m3.8k shares |
| 2024-08-30 | Bhatia Sangeeta N. Director | Sold plan | $323.0k646 shares |
| 2024-08-08 | Bhatia Sangeeta N. Director | Sold plan | $602.4k1.3k shares |
| 2024-08-07 | Bozic Carmen EVP and CMO | Sold plan | $1.1m2.3k shares |
| 2024-08-01 | SACHS BRUCE I Director | Sold plan | $2.7m5.3k shares |
| 2024-07-30 | Kewalramani Reshma CEO & President, director | Sold plan | $7.7m15.2k shares |
| 2024-07-24 | Bozic Carmen EVP and CMO | Sold plan | $1.1m2.3k shares |
| 2024-07-22 | Kewalramani Reshma CEO & President, director | Sold plan | $7.6m15.2k shares |
| 2024-07-10 | Bozic Carmen EVP and CMO | Sold plan | $1.1m2.3k 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 2024
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 1.93% of their portfolio | 26.8m $12.5bn | Added +102.7k |
| VANGUARD GROUP INC 0.19% of their portfolio | 23.2m $10.8bn | Added +184.1k |
| BlackRock, Inc. 0.21% of their portfolio | 21.8m $10.1bn | First filing |
| JPMORGAN CHASE & CO 0.26% of their portfolio | 13.9m $6.4bn | Added +657.6k |
| STATE STREET CORP 0.22% of their portfolio | 11.8m $5.5bn | Added +90.2k |
| FMR LLC 0.30% of their portfolio | 10.5m $4.9bn | Reduced -204.4k |
| Capital Research Global Investors 0.87% of their portfolio | 9.0m $4.2bn | Added +462.9k |
| ALLIANCEBERNSTEIN L.P. 1.15% of their portfolio | 7.4m $3.4bn | Added +151.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.22% of their portfolio | 5.9m $2.8bn | Reduced -389.4k |
| JENNISON ASSOCIATES LLC 1.60% of their portfolio | 5.6m $2.6bn | Added +851.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.39% of their portfolio | 4.8m $2.2bn | Added +704.4k |
| Amundi 0.64% of their portfolio | 3.8m $1.7bn | Added +255.2k |
| NORGES BANK 0.22% of their portfolio | 3.4m $1.6bn | Reduced -19.3k |
| LOOMIS SAYLES & CO L P 1.87% of their portfolio | 3.1m $1.4bn | Reduced -74.0k |
| MORGAN STANLEY 0.10% of their portfolio | 3.0m $1.4bn | Reduced -220.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.40% of their portfolio | 2.9m $1.4bn | Added +159.7k |
| BANK OF AMERICA CORP /DE/ 0.11% of their portfolio | 2.6m $1.2bn | Added +36.5k |
| JANUS HENDERSON GROUP PLC 0.60% of their portfolio | 2.5m $1.2bn | Added +100.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.29% of their portfolio | 2.4m $1.1bn | Reduced -142.9k |
| NORTHERN TRUST CORP 0.18% of their portfolio | 2.4m $1.1bn | Reduced -167.9k |
| Clearbridge Investments, LLC 0.72% of their portfolio | 2.0m $917.2m | Reduced -118.6k |
| Invesco Ltd. 0.17% of their portfolio | 1.9m $903.9m | Added +140.9k |
| Legal & General Group Plc 0.23% of their portfolio | 1.9m $886.1m | Reduced -67.1k |
| AMERIPRISE FINANCIAL INC 0.22% of their portfolio | 1.9m $870.6m | Reduced -183.0k |
| Bank of New York Mellon Corp 0.15% of their portfolio | 1.8m $831.0m | Reduced -50.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.09% of their portfolio | 1.8m $822.3m | Reduced -443.7k |
| RENAISSANCE TECHNOLOGIES LLC 1.14% of their portfolio | 1.6m $758.8m | Added +65.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.14% of their portfolio | 1.6m $756.4m | Added +20.4k |
| ROYAL BANK OF CANADA 0.16% of their portfolio | 1.6m $729.1m | Reduced -114.0k |
| EDGEWOOD MANAGEMENT LLC 1.94% of their portfolio | 1.5m $719.2m | Added +1.5m |
| GOLDMAN SACHS GROUP INC 0.12% of their portfolio | 1.4m $631.8m | Reduced -704.0k |
| DEUTSCHE BANK AG\ 0.25% of their portfolio | 1.3m $610.6m | Reduced -66.4k |
| Harding Loevner LP 3.09% of their portfolio | 1.2m $536.1m | Reduced -31.8k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.50% of their portfolio | 1.0m $482.4m | Reduced -54.1k |
| California Public Employees Retirement System 0.31% of their portfolio | 967.9k $450.1m | Reduced -44.2k |
| BARCLAYS PLC 0.19% of their portfolio | 939.3k $436.9m | Added +93.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.45% of their portfolio | 938.1k $435.8m | Reduced -544.6k |
| HSBC HOLDINGS PLC 0.25% of their portfolio | 855.0k $397.4m | Reduced -49.7k |
| WELLS FARGO & COMPANY/MN 0.09% of their portfolio | 830.2k $386.1m | Added +11.9k |
| Nuveen Asset Management, LLC 0.10% of their portfolio | 789.2k $367.1m | Reduced -15.1k |
| UBS Group AG 0.10% of their portfolio | 774.2k $360.1m | Added +179.8k |
| Swiss National Bank 0.23% of their portfolio | 766.0k $356.3m | Added +1.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.22% of their portfolio | 672.1k $312.6m | Added +6.7k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 647.8k $301.3m | Reduced -15.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.25% of their portfolio | 622.2k $289.4m | Reduced -11.3k |
| CITIGROUP INC 0.25% of their portfolio | 588.4k $273.7m | Added +108.8k |
| Swedbank AB 0.34% of their portfolio | 578.5k $269.1m | Reduced -87.7k |
| FIRST TRUST ADVISORS LP 0.25% of their portfolio | 575.0k $267.4m | Added +371.7k |
| Bellevue Group AG 4.31% of their portfolio | 571.4k $265.7m | Reduced -22.1k |
| BANK OF MONTREAL /CAN/ 0.12% of their portfolio | 557.2k $257.9m | Added +45.8k |
| Artisan Partners Limited Partnership 0.38% of their portfolio | 550.3k $255.9m | Added +34.9k |
| TD Asset Management Inc 0.21% of their portfolio | 522.2k $241.7m | Added +18.2k |
| Pictet Asset Management Holding SA 0.26% of their portfolio | 518.0k $240.5m | Reduced -45.4k |
| National Pension Service 0.23% of their portfolio | 511.0k $237.7m | Added +49.4k |
| DekaBank Deutsche Girozentrale 0.43% of their portfolio | 506.5k $233.4m | Added +4.9k |
| AMERICAN CENTURY COMPANIES INC 0.13% of their portfolio | 484.8k $225.5m | Reduced -101.5k |
| AQR CAPITAL MANAGEMENT LLC 0.31% of their portfolio | 480.9k $223.1m | Reduced -55.3k |
| FRANKLIN RESOURCES INC 0.06% of their portfolio | 476.8k $231.2m | Reduced -75.6k |
| NATIXIS ADVISORS, LLC 0.42% of their portfolio | 461.9k $214.8m | Added +25.3k |
| RHUMBLINE ADVISERS 0.19% of their portfolio | 449.7k $209.1m | Reduced -8.2k |
| Chevy Chase Trust Holdings, LLC 0.64% of their portfolio | 446.9k $207.8m | Reduced -6.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.20% of their portfolio | 442.8k $205.9m | Reduced -86.1k |
| NEUBERGER BERMAN GROUP LLC 0.16% of their portfolio | 429.1k $199.6m | Added +1.6k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.79% of their portfolio | 428.5k $199.3m | Reduced -247 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.22% of their portfolio | 412.5k $191.8m | Reduced -3.4k |
| Handelsbanken Fonder AB 0.76% of their portfolio | 411.5k $191.4m | Reduced -4.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.10% of their portfolio | 410.4k $190.8m | Added +21.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.20% of their portfolio | 405.4k $188.5m | Added +33.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio | 403.1k $187.5m | Reduced -12.0k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.46% of their portfolio | 396.0k $184.2m | Reduced -11.6k |
| Caisse de depot et placement du Quebec 0.34% of their portfolio | 372.0k $173.0m | Reduced -183.7k |
| Aberdeen Group plc 0.32% of their portfolio | 371.1k $172.8m | Reduced -313 |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.42% of their portfolio | 363.1k $168.9m | Reduced -6.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.23% of their portfolio | 359.5k $167.2m | Reduced -29.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.28% of their portfolio | 346.4k $161.1m | Added +11.2k |
| Bank Julius Baer & Co. Ltd, Zurich 0.60% of their portfolio | 335.6k $177.6m | Added +322.1k |
| MACQUARIE GROUP LTD 0.16% of their portfolio | 326.5k $151.9m | Reduced -9.2k |
| RAYMOND JAMES & ASSOCIATES 0.09% of their portfolio | 325.4k $151.3m | Added +14.7k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 324.6k $698 | Added +324.2k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.44% of their portfolio | 320.1k $148.9m | Reduced -68.7k |
| CANADA LIFE ASSURANCE Co 0.26% of their portfolio | 318.3k $148.2m | Reduced -2.0k |
| Assenagon Asset Management S.A. 0.30% of their portfolio | 311.6k $144.9m | Added +215.4k |
| Candriam S.C.A. 0.83% of their portfolio | 311.3k $144.8m | Reduced -17.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.14% of their portfolio | 310.4k $144.4m | Reduced -15.3k |
| Robeco Institutional Asset Management B.V. 0.27% of their portfolio | 296.6k $137.9m | Reduced -73.6k |
| ProShare Advisors LLC 0.33% of their portfolio | 291.4k $135.5m | Added +21.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.15% of their portfolio | 286.7k $133.0m | Reduced -66.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.13% of their portfolio | 284.0k $132.1m | Reduced -53.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.23% of their portfolio | 261.6k $121.7m | Reduced -5.0k |
| Allianz Asset Management GmbH 0.19% of their portfolio | 258.9k $120.4m | Reduced -75.7k |
| MARSHALL WACE, LLP 0.15% of their portfolio | 244.0k $113.5m | Added +117.0k |
| Allspring Global Investments Holdings, LLC 0.17% of their portfolio | 236.3k $109.9m | Added +37.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.22% of their portfolio | 232.0k $107.9m | Reduced -23.6k |
| NATIONAL BANK OF CANADA /FI/ 0.14% of their portfolio | 230.5k $107.2m | Added +128.1k |
| Russell Investments Group, Ltd. 0.15% of their portfolio | 230.0k $106.9m | Reduced -31.2k |
| Cerity Partners LLC 0.24% of their portfolio | 229.0k $106.5m | Added +29.2k |
| AustralianSuper Pty Ltd 0.52% of their portfolio | 226.4k $105.3m | New |
| Retirement Systems of Alabama 0.39% of their portfolio | 222.7k $103.6m | Reduced -16.5k |
| Korea Investment CORP 0.24% of their portfolio | 221.5k $103.0m | Added +6.7k |
| DAVENPORT & Co LLC 0.60% of their portfolio | 219.7k $102.1m | Reduced -1.8k |