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 ($279.1m this quarter). Holder counts are more reliable. Shares outstanding: 253.7m as of 2025-10-31, 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 ≈ $390.98. Options: 37 managers hold calls ($901.4m notional), 35 hold puts ($560.9m).
Trends to Q3 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 |
| Q3 2025 | 1,522 |
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 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 |
| Q3 2025 | 684 | 768 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $780.1m | $700.2m | 0.90 |
| Q1 2025 | $770.6m | $595.8m | 0.77 |
| Q2 2025 | $932.0m | $580.1m | 0.62 |
| Q3 2025 | $901.4m | $560.9m | 0.62 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +7.0m |
| Capital International Investors | Added | +2.1m |
| Clearbridge Investments, LLC | Added | +1.1m |
| Assenagon Asset Management S.A. | Added | +520.9k |
| Capital Research Global Investors | Added | +445.0k |
| Squarepoint Ops LLC | Added | +432.1k |
| BlackRock, Inc. | Added | +381.1k |
| NORDEA INVESTMENT MANAGEMENT AB | Added | +336.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +319.7k |
| LOOMIS SAYLES & CO L P | Added | +308.8k |
Biggest sellers
| FMR LLC | Reduced | -3.1m |
| Capital World Investors | Reduced | -2.8m |
| JENNISON ASSOCIATES LLC | Reduced | -2.7m |
| ROYAL BANK OF CANADA | Reduced | -1.6m |
| EDGEWOOD MANAGEMENT LLC | Reduced | -967.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -781.2k |
| Artisan Partners Limited Partnership | Sold out | -650.3k |
| JANUS HENDERSON GROUP PLC | Reduced | -500.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -447.1k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -276.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $233.7m596.8k shares |
| CITADEL ADVISORS LLC | Reduced | $107.9m275.4k shares |
| JPMORGAN CHASE & CO | Added | $103.2m263.6k shares |
| JANE STREET GROUP, LLC | Added | $56.8m145.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $51.1m130.6k shares |
| IMC-Chicago, LLC | Added | $41.5m105.9k shares |
| WOLVERINE TRADING, LLC | Added | $40.4m102.1k shares |
| Centiva Capital, LP | New | $39.2m100.2k shares |
| GROUP ONE TRADING LLC | Reduced | $21.3m54.4k shares |
| BANK OF AMERICA CORP /DE/ | Added | $19.0m48.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $135.5m346.1k shares |
| CITADEL ADVISORS LLC | Added | $53.3m136.0k shares |
| PEAK6 LLC | Reduced | $33.9m86.6k shares |
| IMC-Chicago, LLC | Added | $28.4m72.5k shares |
| BANK OF AMERICA CORP /DE/ | Added | $25.5m65.1k shares |
| GOLDMAN SACHS GROUP INC | Added | $22.2m56.7k shares |
| UBS Group AG | Added | $21.7m55.3k shares |
| JPMORGAN CHASE & CO | Added | $21.5m55.0k shares |
| WOLVERINE TRADING, LLC | Added | $21.5m54.4k shares |
| JANE STREET GROUP, LLC | Reduced | $21.0m53.6k 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 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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2025 | 2 | $5.8m | 1 | $102.9k | $102.9k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-08-27 | Bhatia Sangeeta N. Director | Sold plan | $102.9k266 shares |
| 2025-08-06 | Kewalramani Reshma CEO & President, director | Bought | $3.9m10.0k shares |
| 2025-08-06 | SACHS BRUCE I Director | Bought | $1.9m5.0k 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 2025
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 1.39% of their portfolio | 25.9m $10.1bn | Reduced -2.8m |
| VANGUARD GROUP INC 0.14% of their portfolio | 24.2m $9.5bn | Added +243.1k |
| BlackRock, Inc. 0.15% of their portfolio | 22.3m $8.7bn | Added +381.1k |
| Capital Research Global Investors 1.22% of their portfolio | 16.6m $6.5bn | Added +445.0k |
| JPMORGAN CHASE & CO 0.16% of their portfolio | 12.9m $5.0bn | Added +7.0m |
| STATE STREET CORP 0.16% of their portfolio | 11.6m $4.5bn | Reduced -169.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.15% of their portfolio | 6.0m $2.3bn | Added +45.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.33% of their portfolio | 4.8m $1.9bn | Reduced -41.3k |
| Capital International Investors 0.30% of their portfolio | 4.7m $1.8bn | Added +2.1m |
| ALLIANCEBERNSTEIN L.P. 0.56% of their portfolio | 4.5m $1.8bn | Added +144.3k |
| LOOMIS SAYLES & CO L P 1.92% of their portfolio | 4.1m $1.6bn | Added +308.8k |
| JENNISON ASSOCIATES LLC 0.79% of their portfolio | 3.5m $1.4bn | Reduced -2.7m |
| FMR LLC 0.07% of their portfolio | 3.3m $1.3bn | Reduced -3.1m |
| MORGAN STANLEY 0.07% of their portfolio | 3.1m $1.2bn | Reduced -223.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.13% of their portfolio | 3.0m $1.2bn | Reduced -116.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.25% of their portfolio | 2.9m $1.1bn | Reduced -180.4k |
| BANK OF AMERICA CORP /DE/ 0.08% of their portfolio | 2.8m $1.1bn | Added +32.8k |
| Clearbridge Investments, LLC 0.78% of their portfolio | 2.6m $1.0bn | Added +1.1m |
| NORTHERN TRUST CORP 0.13% of their portfolio | 2.6m $1.0bn | Reduced -30.7k |
| AMERIPRISE FINANCIAL INC 0.21% of their portfolio | 2.3m $891.7m | Added +95.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.46% of their portfolio | 2.2m $787.3m | Added +92.4k |
| JANUS HENDERSON GROUP PLC 0.38% of their portfolio | 2.1m $829.9m | Reduced -500.4k |
| Invesco Ltd. 0.13% of their portfolio | 2.1m $821.2m | Added +112.8k |
| Legal & General Group Plc 0.17% of their portfolio | 2.0m $764.6m | Added +62.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.11% of their portfolio | 1.8m $716.7m | Added +56.3k |
| PARNASSUS INVESTMENTS, LLC 1.49% of their portfolio | 1.6m $645.6m | Reduced -63.0k |
| DEUTSCHE BANK AG\ 0.21% of their portfolio | 1.6m $626.8m | Added +192.8k |
| Bank of New York Mellon Corp 0.11% of their portfolio | 1.6m $614.5m | Reduced -31.3k |
| EDGEWOOD MANAGEMENT LLC 2.06% of their portfolio | 1.5m $582.6m | Reduced -967.4k |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 1.5m $581.5m | Reduced -447.1k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.47% of their portfolio | 1.3m $525.4m | Added +135.7k |
| ROYAL BANK OF CANADA 0.08% of their portfolio | 1.2m $467.5m | Reduced -1.6m |
| WCM INVESTMENT MANAGEMENT, LLC 0.95% of their portfolio | 1.2m $454.7m | Reduced -13.5k |
| Amundi 0.14% of their portfolio | 1.1m $450.8m | Reduced -14.3k |
| Nuveen, LLC 0.11% of their portfolio | 1.1m $422.1m | Added +15.5k |
| Pictet Asset Management Holding SA 0.30% of their portfolio | 791.5k $310.5m | Added +55.6k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 783.6k $306.9m | Added +187.4k |
| UBS Group AG 0.06% of their portfolio | 773.0k $302.8m | Added +73.0k |
| Assenagon Asset Management S.A. 0.44% of their portfolio | 763.7k $299.1m | Added +520.9k |
| BARCLAYS PLC 0.11% of their portfolio | 742.5k $290.8m | Reduced -80.5k |
| Swiss National Bank 0.17% of their portfolio | 740.3k $289.9m | Reduced -38.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.38% of their portfolio | 735.9k $288.2m | Reduced -269.0k |
| WELLS FARGO & COMPANY/MN 0.06% of their portfolio | 717.3k $280.9m | Added +15.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.16% of their portfolio | 700.7k $274.4m | Added +45.6k |
| HSBC HOLDINGS PLC 0.15% of their portfolio | 637.3k $249.5m | Reduced -4.6k |
| California Public Employees Retirement System 0.14% of their portfolio | 612.5k $239.9m | Reduced -112.5k |
| Squarepoint Ops LLC 0.51% of their portfolio | 607.8k $238.1m | Added +432.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.15% of their portfolio | 545.0k $213.4m | Added +20.1k |
| LAZARD ASSET MANAGEMENT LLC 0.29% of their portfolio | 544.8k $213.4m | Added +64.5k |
| CITIGROUP INC 0.15% of their portfolio | 540.0k $211.5m | Reduced -59.1k |
| NATIXIS ADVISORS, LLC 0.31% of their portfolio | 537.2k $210.4m | Reduced -3.3k |
| RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio | 535.7k $209.8m | Added +35.9k |
| NEUBERGER BERMAN GROUP LLC 0.15% of their portfolio | 527.5k $206.6m | Added +68.3k |
| National Pension Service 0.16% of their portfolio | 512.1k $200.6m | Added +14.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.16% of their portfolio | 510.2k $199.8m | Reduced -36.8k |
| DekaBank Deutsche Girozentrale 0.34% of their portfolio | 506.5k $199.7m | Unchanged |
| Bellevue Group AG 4.12% of their portfolio | 505.8k $198.1m | Added +64.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio | 503.2k $197.1m | Reduced -781.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.30% of their portfolio | 482.5k $189.0m | Added +304.3k |
| MANNING & NAPIER ADVISORS LLC 2.39% of their portfolio | 474.8k $187.7m | Added +241.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 470.8k $184.4m | Added +21.8k |
| FRANKLIN RESOURCES INC 0.05% of their portfolio | 463.0k $181.3m | Reduced -60.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.46% of their portfolio | 456.3k $178.6m | Added +11.9k |
| Harding Loevner LP 1.31% of their portfolio | 456.0k $178.6m | Reduced -255.6k |
| AMERICAN CENTURY COMPANIES INC 0.09% of their portfolio | 449.2k $175.9m | Reduced -88.9k |
| RHUMBLINE ADVISERS 0.14% of their portfolio | 447.9k $175.4m | Reduced -6.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.17% of their portfolio | 432.3k $168.8m | Reduced -267.4k |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 419.5k $164.3m | Added +56.4k |
| Chevy Chase Trust Holdings, LLC 0.45% of their portfolio | 418.5k $163.9m | Reduced -22.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.08% of their portfolio | 406.5k $159.2m | Reduced -3.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.16% of their portfolio | 394.6k $154.5m | Reduced -3.1k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.35% of their portfolio | 388.3k $152.1m | Reduced -6.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.09% of their portfolio | 381.2k $149.3m | Added +319.7k |
| Robeco Institutional Asset Management B.V. 0.22% of their portfolio | 379.4k $148.6m | Added +50.0k |
| Bank Julius Baer & Co. Ltd, Zurich 0.42% of their portfolio | 376.5k $147.5m | Reduced -14.9k |
| Man Group plc 0.27% of their portfolio | 362.8k $142.1m | Added +235.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.12% of their portfolio | 361.1k $140.1m | Added +336.6k |
| Russell Investments Group, Ltd. 0.15% of their portfolio | 341.0k $133.7m | Added +27.3k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.48% of their portfolio | 336.1k $131.6m | Reduced -56.5k |
| ProShare Advisors LLC 0.27% of their portfolio | 333.7k $130.7m | Reduced -67.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.21% of their portfolio | 319.5k $125.1m | Added +5.8k |
| B. Metzler seel. Sohn & Co. AG 1.09% of their portfolio | 315.4k $123.5m | Reduced -4.2k |
| Aberdeen Group plc 0.20% of their portfolio | 314.9k $123.3m | Added +26.9k |
| Ensign Peak Advisors, Inc 0.20% of their portfolio | 312.0k $122.2m | Added +135.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.16% of their portfolio | 308.6k $120.9m | Reduced -31.7k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.23% of their portfolio | 277.2k $108.6m | Reduced -6.1k |
| CANADA LIFE ASSURANCE Co 0.16% of their portfolio | 274.1k $108.3m | Added +3.4k |
| Alyeska Investment Group, L.P. 0.32% of their portfolio | 267.2k $104.6m | Added +202.2k |
| LPL Financial LLC 0.03% of their portfolio | 264.2k $103.5m | Added +23.6k |
| Cerity Partners LLC 0.16% of their portfolio | 258.8k $101.4m | Reduced -4.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 254.3k $99.6m | Reduced -276.8k |
| Swedbank AB 0.10% of their portfolio | 254.1k $99.5m | Reduced -251 |
| JANE STREET GROUP, LLC 0.11% of their portfolio | 248.3k $97.2m | New |
| NATIONAL BANK OF CANADA /FI/ 0.11% of their portfolio | 247.9k $97.1m | Added +7.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio | 246.4k $96.5m | Added +79.0k |
| Rakuten Investment Management, Inc. 0.09% of their portfolio | 242.5k $24.1m | First filing |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.16% of their portfolio | 233.6k $91.5m | Reduced -17.4k |
| PRUDENTIAL FINANCIAL INC 0.11% of their portfolio | 225.8k $88.4m | Added +45.6k |
| CAPITAL INTERNATIONAL SARL 1.53% of their portfolio | 225.7k $88.4m | Added +2.3k |
| MACQUARIE GROUP LTD 0.10% of their portfolio | 223.6k $87.6m | Reduced -5.3k |