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 ($275.5m this quarter). Holder counts are more reliable. Shares outstanding: 256.4m as of 2025-07-31, 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 ≈ $445.15. Options: 37 managers hold calls ($932.0m notional), 39 hold puts ($580.1m).
Trends to Q2 2025
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 |
| Q1 2025 | 1,617 |
| Q2 2025 | 1,563 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 602 | 537 |
| Q4 2023 | 703 | 542 |
| Q1 2024 | 766 | 612 |
| Q2 2024 | 815 | 609 |
| Q3 2024 | 724 | 689 |
| Q4 2024 | 651 | 767 |
| Q1 2025 | 821 | 704 |
| Q2 2025 | 715 | 757 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $937.9m | $738.7m | 0.79 |
| Q4 2024 | $780.1m | $700.2m | 0.90 |
| Q1 2025 | $770.6m | $595.8m | 0.77 |
| Q2 2025 | $932.0m | $580.1m | 0.62 |
Biggest buyers
| Capital International Investors | Added | +2.0m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +1.9m |
| Capital Research Global Investors | Added | +1.6m |
| ROYAL BANK OF CANADA | Added | +1.6m |
| JENNISON ASSOCIATES LLC | Added | +1.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +508.0k |
| VANGUARD GROUP INC | Added | +482.6k |
| ALLIANCEBERNSTEIN L.P. | Added | +424.8k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +244.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +242.6k |
Biggest sellers
| Amundi | Reduced | -2.0m |
| JPMORGAN CHASE & CO | Reduced | -1.9m |
| FMR LLC | Reduced | -1.3m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -954.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -740.6k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -641.4k |
| Alyeska Investment Group, L.P. | Reduced | -366.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Reduced | -311.5k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -309.9k |
| HSBC HOLDINGS PLC | Reduced | -202.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $214.9m482.6k shares |
| PUBLIC INVESTMENT FUND | New | $190.2m427.3k shares |
| CITADEL ADVISORS LLC | Added | $141.9m318.8k shares |
| Twin Tree Management, LP | New | $48.1m108.1k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $47.1m105.7k shares |
| JANE STREET GROUP, LLC | Added | $41.9m94.1k shares |
| WOLVERINE TRADING, LLC | Reduced | $40.0m90.6k shares |
| GROUP ONE TRADING LLC | Added | $36.6m82.2k shares |
| NOMURA HOLDINGS INC | Added | $18.2m40.9k shares |
| IMC-Chicago, LLC | Added | $16.4m36.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $180.5m405.5k shares |
| CITADEL ADVISORS LLC | Added | $55.7m125.1k shares |
| PEAK6 LLC | Added | $52.1m117.0k shares |
| JANE STREET GROUP, LLC | Added | $29.5m66.2k shares |
| WOLVERINE TRADING, LLC | Added | $23.2m52.6k shares |
| UBS Group AG | Reduced | $20.4m45.9k shares |
| NOMURA HOLDINGS INC | Added | $18.2m40.9k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $17.8m39.9k shares |
| GROUP ONE TRADING LLC | Added | $16.3m36.7k shares |
| Twin Tree Management, LP | Reduced | $15.2m34.1k 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 2025
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 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 |
| Q1 2025 | 0 | — | 6 | $18.9m | $18.9m |
| Q2 2025 | 0 | — | 2 | $224.4k | $224.4k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-05-15 | ALTSHULER DAVID EVP, Chief Scientific Officer | Sold plan | $22.1k52 shares |
| 2025-05-02 | Bhatia Sangeeta N. Director | Sold plan | $202.3k400 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 2025
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 1.86% of their portfolio | 28.7m $12.8bn | Added +198.8k |
| VANGUARD GROUP INC 0.17% of their portfolio | 24.0m $10.7bn | Added +482.6k |
| BlackRock, Inc. 0.19% of their portfolio | 21.9m $9.7bn | Added +89.0k |
| Capital Research Global Investors 1.44% of their portfolio | 16.1m $7.2bn | Added +1.6m |
| STATE STREET CORP 0.20% of their portfolio | 11.8m $5.2bn | Reduced -13.4k |
| FMR LLC 0.16% of their portfolio | 6.4m $2.9bn | Reduced -1.3m |
| JENNISON ASSOCIATES LLC 1.62% of their portfolio | 6.2m $2.7bn | Added +1.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.18% of their portfolio | 5.9m $2.6bn | Added +167.0k |
| JPMORGAN CHASE & CO 0.18% of their portfolio | 5.9m $2.6bn | Reduced -1.9m |
| WELLINGTON MANAGEMENT GROUP LLP 0.39% of their portfolio | 4.8m $2.1bn | Reduced -641.4k |
| ALLIANCEBERNSTEIN L.P. 0.64% of their portfolio | 4.4m $1.9bn | Added +424.8k |
| LOOMIS SAYLES & CO L P 2.13% of their portfolio | 3.8m $1.7bn | Added +65.0k |
| NORGES BANK 0.20% of their portfolio | 3.6m $1.6bn | Added +216.2k |
| MORGAN STANLEY 0.10% of their portfolio | 3.3m $1.5bn | Reduced -77.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.16% of their portfolio | 3.2m $1.4bn | Added +242.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.28% of their portfolio | 3.1m $1.4bn | Added +508.0k |
| BANK OF AMERICA CORP /DE/ 0.10% of their portfolio | 2.8m $1.2bn | Reduced -57.4k |
| ROYAL BANK OF CANADA 0.12% of their portfolio | 2.8m $1.2bn | Added +1.6m |
| NORTHERN TRUST CORP 0.16% of their portfolio | 2.7m $1.2bn | Added +39.2k |
| Capital International Investors 0.20% of their portfolio | 2.6m $1.2bn | Added +2.0m |
| JANUS HENDERSON GROUP PLC 0.57% of their portfolio | 2.6m $1.2bn | Reduced -128.4k |
| EDGEWOOD MANAGEMENT LLC 3.47% of their portfolio | 2.5m $1.1bn | Reduced -189.1k |
| AMERIPRISE FINANCIAL INC 0.24% of their portfolio | 2.2m $971.1m | Reduced -54.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.62% of their portfolio | 2.2m $967.8m | Added +1.9m |
| Invesco Ltd. 0.15% of their portfolio | 2.0m $883.3m | Added +138.4k |
| GOLDMAN SACHS GROUP INC 0.14% of their portfolio | 1.9m $860.0m | Added +197.2k |
| Legal & General Group Plc 0.21% of their portfolio | 1.9m $841.3m | Reduced -4.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.14% of their portfolio | 1.8m $789.6m | Added +48.3k |
| PARNASSUS INVESTMENTS, LLC 1.76% of their portfolio | 1.7m $761.9m | Reduced -61.3k |
| Bank of New York Mellon Corp 0.13% of their portfolio | 1.6m $712.5m | Reduced -111.2k |
| Clearbridge Investments, LLC 0.55% of their portfolio | 1.5m $680.2m | Reduced -151.3k |
| DEUTSCHE BANK AG\ 0.23% of their portfolio | 1.4m $626.7m | Added +60.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.18% of their portfolio | 1.3m $571.8m | Reduced -740.6k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.56% of their portfolio | 1.2m $536.8m | Added +244.9k |
| WCM INVESTMENT MANAGEMENT, LLC 1.17% of their portfolio | 1.2m $513.5m | Added +64.7k |
| Amundi 0.18% of their portfolio | 1.1m $517.9m | Reduced -2.0m |
| Nuveen, LLC 0.13% of their portfolio | 1.1m $472.9m | Added +63.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.60% of their portfolio | 1.0m $447.4m | Reduced -166.7k |
| BARCLAYS PLC 0.15% of their portfolio | 822.9k $366.4m | Reduced -3.0k |
| Swiss National Bank 0.21% of their portfolio | 778.3k $346.5m | Added +52.1k |
| Pictet Asset Management Holding SA 0.33% of their portfolio | 735.8k $327.0m | Added +74.6k |
| California Public Employees Retirement System 0.21% of their portfolio | 725.1k $322.8m | Reduced -84.2k |
| Harding Loevner LP 2.13% of their portfolio | 711.6k $316.8m | Added +13.2k |
| WELLS FARGO & COMPANY/MN 0.07% of their portfolio | 702.1k $312.6m | Reduced -4.1k |
| UBS Group AG 0.07% of their portfolio | 700.0k $311.6m | Reduced -37.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.31% of their portfolio | 699.6k $310.9m | Reduced -954.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.18% of their portfolio | 655.0k $291.6m | Added +11.1k |
| Artisan Partners Limited Partnership 0.43% of their portfolio | 650.3k $289.5m | Reduced -68.9k |
| HSBC HOLDINGS PLC 0.18% of their portfolio | 642.0k $285.7m | Reduced -202.7k |
| CITIGROUP INC 0.19% of their portfolio | 599.1k $266.7m | Reduced -28.6k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 596.2k $265.4m | Reduced -9.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.22% of their portfolio | 547.0k $243.5m | Added +52 |
| NATIXIS ADVISORS, LLC 0.38% of their portfolio | 540.5k $240.6m | Reduced -60.7k |
| AMERICAN CENTURY COMPANIES INC 0.13% of their portfolio | 538.1k $239.6m | Added +72.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.18% of their portfolio | 531.2k $236.5m | Reduced -57.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.19% of their portfolio | 524.9k $233.7m | Added +35.9k |
| FRANKLIN RESOURCES INC 0.06% of their portfolio | 523.8k $233.2m | Reduced -178.2k |
| DekaBank Deutsche Girozentrale 0.40% of their portfolio | 506.5k $223.5m | Added +15.3k |
| RAYMOND JAMES FINANCIAL INC 0.08% of their portfolio | 499.8k $222.5m | Reduced -10.8k |
| National Pension Service 0.19% of their portfolio | 497.8k $221.6m | Reduced -61.1k |
| LAZARD ASSET MANAGEMENT LLC 0.29% of their portfolio | 480.3k $213.8m | Reduced -52.3k |
| TD Asset Management Inc 0.18% of their portfolio | 465.2k $207.1m | Reduced -20.7k |
| NEUBERGER BERMAN GROUP LLC 0.16% of their portfolio | 459.1k $204.4m | Added +16.5k |
| RHUMBLINE ADVISERS 0.17% of their portfolio | 454.4k $202.3m | Added +3.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio | 449.0k $199.9m | Reduced -21.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.48% of their portfolio | 444.5k $197.8m | Added +52.4k |
| Bellevue Group AG 4.33% of their portfolio | 441.6k $196.6m | Added +28.5k |
| Chevy Chase Trust Holdings, LLC 0.57% of their portfolio | 440.9k $196.3m | Reduced -2.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.10% of their portfolio | 409.8k $182.4m | Reduced -4.6k |
| ProShare Advisors LLC 0.36% of their portfolio | 401.2k $178.6m | Added +18.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.20% of their portfolio | 397.6k $177.0m | Reduced -843 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.43% of their portfolio | 394.4k $175.6m | Added +9.7k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.67% of their portfolio | 392.5k $174.8m | Reduced -25.6k |
| Bank Julius Baer & Co. Ltd, Zurich 0.52% of their portfolio | 391.4k $174.2m | Reduced -6.7k |
| BANK OF MONTREAL /CAN/ 0.08% of their portfolio | 363.0k $161.6m | Reduced -50.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.20% of their portfolio | 340.3k $151.5m | Reduced -5.5k |
| Robeco Institutional Asset Management B.V. 0.24% of their portfolio | 329.4k $146.6m | Added +183.4k |
| B. Metzler seel. Sohn & Co. AG 1.36% of their portfolio | 319.6k $142.3m | Added +5.3k |
| Russell Investments Group, Ltd. 0.18% of their portfolio | 313.7k $139.6m | Reduced -23.7k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.25% of their portfolio | 313.7k $139.7m | Added +7.2k |
| SEI INVESTMENTS CO 0.15% of their portfolio | 297.4k $132.4m | Added +3.6k |
| Aberdeen Group plc 0.22% of their portfolio | 288.0k $128.2m | Reduced -16.7k |
| FIRST TRUST ADVISORS LP 0.10% of their portfolio | 287.9k $128.2m | Added +143.1k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.29% of their portfolio | 283.3k $126.1m | Reduced -52.3k |
| CANADA LIFE ASSURANCE Co 0.19% of their portfolio | 270.7k $120.7m | Reduced -12 |
| Cerity Partners LLC 0.21% of their portfolio | 263.7k $117.4m | Added +10.8k |
| Swedbank AB 0.13% of their portfolio | 254.3k $113.2m | First filing |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.20% of their portfolio | 251.0k $111.8m | Added +2.3k |
| Tredje AP-fonden 0.89% of their portfolio | 250.6k $111.6m | Added +209.1k |
| Assenagon Asset Management S.A. 0.17% of their portfolio | 242.8k $108.1m | Added +34.6k |
| LPL Financial LLC 0.04% of their portfolio | 240.6k $107.1m | Added +23.7k |
| NATIONAL BANK OF CANADA /FI/ 0.12% of their portfolio | 240.4k $107.0m | Added +99.8k |
| MANNING & NAPIER ADVISORS LLC 1.24% of their portfolio | 233.6k $104.0m | Reduced -1.5k |
| MACQUARIE GROUP LTD 0.12% of their portfolio | 228.9k $101.9m | Reduced -5.3k |
| Carmignac Gestion 1.56% of their portfolio | 227.3k $101.2m | Added +100.3k |
| DAVENPORT & Co LLC 0.56% of their portfolio | 226.2k $100.5m | Added +874 |
| CAPITAL INTERNATIONAL SARL 1.91% of their portfolio | 223.4k $99.5m | Added +37.2k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.19% of their portfolio | 219.4k $97.7m | Reduced -17.8k |
| Welch & Forbes LLC 1.21% of their portfolio | 217.2k $96.7m | Added +9.6k |
| Handelsbanken Fonder AB 0.34% of their portfolio | 214.3k $95.4m | Added +6.6k |