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 ($244.7m this quarter). Holder counts are more reliable. Shares outstanding: 256.8m as of 2025-02-07, 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 ≈ $402.61. Options: 42 managers hold calls ($780.1m notional), 46 hold puts ($700.2m).
Trends to Q4 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 |
| Q4 2024 | 1,561 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 651 | 767 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $735.2m | $796.1m | 1.08 |
| Q2 2024 | $700.2m | $896.9m | 1.28 |
| Q3 2024 | $937.9m | $738.7m | 0.79 |
| Q4 2024 | $780.1m | $700.2m | 0.90 |
Biggest buyers
| PARNASSUS INVESTMENTS, LLC | New | +1.8m |
| Capital World Investors | Added | +1.5m |
| Capital Research Global Investors | Added | +1.4m |
| EDGEWOOD MANAGEMENT LLC | Added | +1.4m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.1m |
| WCM INVESTMENT MANAGEMENT, LLC | New | +1.1m |
| LOOMIS SAYLES & CO L P | Added | +704.6k |
| Assenagon Asset Management S.A. | Added | +528.0k |
| LAZARD ASSET MANAGEMENT LLC | Added | +518.1k |
| NORTHERN TRUST CORP | Added | +355.1k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -7.5m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -3.5m |
| FMR LLC | Reduced | -1.3m |
| JENNISON ASSOCIATES LLC | Reduced | -1.2m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -617.2k |
| Amundi | Reduced | -478.0k |
| FIRST TRUST ADVISORS LP | Reduced | -382.2k |
| Harding Loevner LP | Reduced | -329.0k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Reduced | -324.0k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -287.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $188.2m467.3k shares |
| CITADEL ADVISORS LLC | Added | $139.8m347.1k shares |
| JANE STREET GROUP, LLC | Added | $58.7m145.7k shares |
| UBS Group AG | Added | $36.5m90.6k shares |
| IMC-Chicago, LLC | Added | $36.1m89.6k shares |
| SIMPLEX TRADING, LLC | Added | $35.4m87.9k shares |
| WOLVERINE TRADING, LLC | Added | $32.5m81.5k shares |
| GROUP ONE TRADING LLC | Reduced | $30.1m74.8k shares |
| Twin Tree Management, LP | Added | $28.4m70.5k shares |
| DIADEMA PARTNERS LP | First filing | $23.1m57.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $173.5m430.8k shares |
| CITADEL ADVISORS LLC | Added | $69.2m171.8k shares |
| LMR Partners LLP | New | $58.5m145.2k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $46.0m1.1k shares |
| UBS Group AG | Added | $33.7m83.8k shares |
| JANE STREET GROUP, LLC | Added | $29.4m73.1k shares |
| IMC-Chicago, LLC | Added | $28.6m70.9k shares |
| CITIGROUP INC | Added | $25.6m63.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $21.9m54.5k shares |
| SIMPLEX TRADING, LLC | Added | $21.0m52.2k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 |
| Q4 2024 | 0 | — | 4 | $9.9m | $9.9m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-11-15 | ALTSHULER DAVID EVP, Chief Scientific Officer | Sold plan | $7.2k15 shares |
| 2024-11-11 | WAGNER CHARLES F JR EVP & Chief Financial Officer | Sold plan | $1.6m3.0k shares |
| 2024-11-08 | Kewalramani Reshma CEO & President, director | Sold plan | $7.8m15.2k shares |
| 2024-10-02 | Biller Jonathan EVP and Chief Legal Officer | Sold plan | $461.2k999 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 1.73% of their portfolio | 28.3m $11.4bn | Added +1.5m |
| VANGUARD GROUP INC 0.16% of their portfolio | 23.3m $9.4bn | Added +98.7k |
| BlackRock, Inc. 0.18% of their portfolio | 21.8m $8.8bn | Added +37.9k |
| STATE STREET CORP 0.19% of their portfolio | 12.0m $4.8bn | Added +163.2k |
| Capital Research Global Investors 0.86% of their portfolio | 10.4m $4.2bn | Added +1.4m |
| FMR LLC 0.22% of their portfolio | 9.2m $3.7bn | Reduced -1.3m |
| JPMORGAN CHASE & CO 0.20% of their portfolio | 6.3m $2.5bn | Reduced -7.5m |
| WELLINGTON MANAGEMENT GROUP LLP 0.44% of their portfolio | 5.9m $2.4bn | Added +1.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.18% of their portfolio | 5.6m $2.3bn | Reduced -287.7k |
| JENNISON ASSOCIATES LLC 1.06% of their portfolio | 4.3m $1.7bn | Reduced -1.2m |
| ALLIANCEBERNSTEIN L.P. 0.54% of their portfolio | 3.9m $1.6bn | Reduced -3.5m |
| LOOMIS SAYLES & CO L P 1.92% of their portfolio | 3.8m $1.5bn | Added +704.6k |
| NORGES BANK 0.18% of their portfolio | 3.4m $1.4bn | Added +4.5k |
| Amundi 0.47% of their portfolio | 3.3m $1.4bn | Reduced -478.0k |
| MORGAN STANLEY 0.09% of their portfolio | 3.2m $1.3bn | Added +132.9k |
| EDGEWOOD MANAGEMENT LLC 3.42% of their portfolio | 3.0m $1.2bn | Added +1.4m |
| JANUS HENDERSON GROUP PLC 0.58% of their portfolio | 2.8m $1.1bn | Added +317.1k |
| NORTHERN TRUST CORP 0.16% of their portfolio | 2.7m $1.1bn | Added +355.1k |
| BANK OF AMERICA CORP /DE/ 0.09% of their portfolio | 2.4m $974.3m | Reduced -189.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.22% of their portfolio | 2.3m $938.0m | Reduced -112.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.29% of their portfolio | 2.3m $921.6m | Reduced -617.2k |
| AMERIPRISE FINANCIAL INC 0.21% of their portfolio | 2.0m $811.6m | Added +143.7k |
| Invesco Ltd. 0.14% of their portfolio | 1.9m $764.5m | Reduced -45.1k |
| Legal & General Group Plc 0.20% of their portfolio | 1.9m $758.7m | Reduced -21.2k |
| Clearbridge Investments, LLC 0.60% of their portfolio | 1.9m $745.3m | Reduced -121.2k |
| PARNASSUS INVESTMENTS, LLC 1.62% of their portfolio | 1.8m $731.3m | New |
| Bank of New York Mellon Corp 0.13% of their portfolio | 1.8m $708.4m | Reduced -27.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.08% of their portfolio | 1.7m $680.8m | Reduced -77.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.12% of their portfolio | 1.7m $670.0m | Added +37.5k |
| ROYAL BANK OF CANADA 0.13% of their portfolio | 1.5m $584.3m | Reduced -116.7k |
| GOLDMAN SACHS GROUP INC 0.11% of their portfolio | 1.4m $564.5m | Added +43.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.83% of their portfolio | 1.4m $562.7m | Reduced -234.3k |
| DEUTSCHE BANK AG\ 0.22% of their portfolio | 1.4m $559.6m | Added +76.7k |
| WCM INVESTMENT MANAGEMENT, LLC 1.03% of their portfolio | 1.1m $435.9m | New |
| Nuveen Asset Management, LLC 0.12% of their portfolio | 1.1m $423.3m | Added +261.9k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.42% of their portfolio | 970.7k $390.9m | Reduced -66.6k |
| California Public Employees Retirement System 0.24% of their portfolio | 880.2k $354.5m | Reduced -87.6k |
| HSBC HOLDINGS PLC 0.22% of their portfolio | 873.8k $351.7m | Added +18.7k |
| UBS Group AG 0.08% of their portfolio | 863.0k $347.5m | Added +88.8k |
| BARCLAYS PLC 0.17% of their portfolio | 843.1k $339.5m | Reduced -96.3k |
| Assenagon Asset Management S.A. 0.61% of their portfolio | 839.7k $338.1m | Added +528.0k |
| Harding Loevner LP 2.24% of their portfolio | 823.6k $331.7m | Reduced -329.0k |
| FRANKLIN RESOURCES INC 0.09% of their portfolio | 760.5k $306.3m | Added +283.7k |
| Swiss National Bank 0.20% of their portfolio | 729.2k $293.6m | Reduced -36.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.29% of their portfolio | 698.7k $281.3m | Reduced -239.3k |
| WELLS FARGO & COMPANY/MN 0.07% of their portfolio | 689.7k $277.7m | Reduced -140.6k |
| Artisan Partners Limited Partnership 0.41% of their portfolio | 664.5k $267.6m | Added +114.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.18% of their portfolio | 659.5k $265.6m | Reduced -12.6k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 627.5k $252.7m | Reduced -20.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.19% of their portfolio | 596.6k $240.2m | Added +153.8k |
| BANK OF MONTREAL /CAN/ 0.12% of their portfolio | 581.2k $234.0m | Added +24.0k |
| NATIXIS ADVISORS, LLC 0.42% of their portfolio | 557.6k $224.6m | Added +95.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.19% of their portfolio | 545.4k $219.6m | Reduced -76.9k |
| National Pension Service 0.20% of their portfolio | 527.5k $212.4m | Added +16.4k |
| LAZARD ASSET MANAGEMENT LLC 0.31% of their portfolio | 526.1k $211.9m | Added +518.1k |
| Pictet Asset Management Holding SA 0.23% of their portfolio | 519.7k $209.3m | Added +1.7k |
| DekaBank Deutsche Girozentrale 0.38% of their portfolio | 506.5k $205.0m | Unchanged |
| Bellevue Group AG 3.78% of their portfolio | 487.4k $196.3m | Reduced -84.0k |
| AMERICAN CENTURY COMPANIES INC 0.11% of their portfolio | 473.4k $190.6m | Reduced -11.5k |
| RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio | 471.9k $190.0m | First filing |
| TD Asset Management Inc 0.17% of their portfolio | 469.1k $188.9m | Reduced -53.1k |
| CITIGROUP INC 0.18% of their portfolio | 462.1k $186.1m | Reduced -126.4k |
| Swedbank AB 0.23% of their portfolio | 456.6k $183.9m | Reduced -121.9k |
| Chevy Chase Trust Holdings, LLC 0.55% of their portfolio | 444.7k $179.1m | Reduced -2.2k |
| RHUMBLINE ADVISERS 0.16% of their portfolio | 442.4k $178.1m | Reduced -7.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.17% of their portfolio | 438.1k $178.4m | Added +32.7k |
| NEUBERGER BERMAN GROUP LLC 0.14% of their portfolio | 434.3k $174.9m | Added +5.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 422.7k $170.2m | Added +19.6k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.67% of their portfolio | 418.6k $168.6m | Reduced -9.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.19% of their portfolio | 400.7k $161.3m | Reduced -11.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.09% of their portfolio | 396.5k $159.7m | Reduced -13.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.39% of their portfolio | 389.7k $156.9m | Reduced -6.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.14% of their portfolio | 369.4k $148.7m | Added +85.3k |
| Bank Julius Baer & Co. Ltd, Zurich 0.49% of their portfolio | 369.0k $159.0m | Added +33.3k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.36% of their portfolio | 363.3k $146.3m | Added +148 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.20% of their portfolio | 362.3k $145.9m | Added +2.9k |
| APG Asset Management N.V. 0.39% of their portfolio | 359.3k $139.7m | Added +235.3k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.40% of their portfolio | 349.5k $140.7m | Added +29.3k |
| Aberdeen Group plc 0.26% of their portfolio | 347.6k $139.4m | Reduced -23.5k |
| ProShare Advisors LLC 0.32% of their portfolio | 344.5k $138.7m | Added +53.1k |
| Capital International Investors 0.03% of their portfolio | 342.5k $137.9m | New |
| NORDEA INVESTMENT MANAGEMENT AB 0.14% of their portfolio | 342.4k $137.8m | Added +55.7k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.27% of their portfolio | 339.5k $136.7m | First filing |
| MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio | 310.6k $125.1m | Added +151.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.12% of their portfolio | 305.1k $122.9m | Reduced -5.3k |
| Handelsbanken Fonder AB 0.46% of their portfolio | 296.0k $119.2m | Reduced -115.5k |
| Lansforsakringar Fondforvaltning AB (publ) 0.44% of their portfolio | 289.4k $116.5m | First filing |
| Robeco Institutional Asset Management B.V. 0.22% of their portfolio | 286.8k $115.5m | Reduced -9.8k |
| Focus Partners Wealth 0.15% of their portfolio | 281.8k $113.7m | Added +158.9k |
| SEI INVESTMENTS CO 0.14% of their portfolio | 275.1k $110.8m | Added +61.2k |
| Ensign Peak Advisors, Inc 0.20% of their portfolio | 275.1k $110.8m | Added +97.6k |
| CANADA LIFE ASSURANCE Co 0.19% of their portfolio | 269.9k $108.6m | Reduced -48.4k |
| D. E. Shaw & Co., Inc. 0.12% of their portfolio | 265.7k $107.0m | Added +127.3k |
| Candriam S.C.A. 0.60% of their portfolio | 258.6k $104.1m | Reduced -52.7k |
| Allianz Asset Management GmbH 0.15% of their portfolio | 255.6k $102.9m | Reduced -3.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.19% of their portfolio | 248.0k $99.9m | Reduced -13.5k |
| AQR CAPITAL MANAGEMENT LLC 0.13% of their portfolio | 245.8k $99.0m | Reduced -235.1k |
| Russell Investments Group, Ltd. 0.13% of their portfolio | 239.3k $96.3m | Added +9.4k |
| Cerity Partners LLC 0.21% of their portfolio | 238.0k $97.5m | Added +9.0k |
| MACQUARIE GROUP LTD 0.11% of their portfolio | 229.9k $88.7m | Reduced -96.6k |