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 ($539.8m this quarter). Holder counts are more reliable. Shares outstanding: 254.0m as of 2026-02-06, 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 ≈ $453.14. Options: 40 managers hold calls ($890.1m notional), 36 hold puts ($661.1m).
Trends to Q4 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 |
| Q4 2025 | 1,669 |
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 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 |
| Q4 2025 | 778 | 668 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $770.6m | $595.8m | 0.77 |
| Q2 2025 | $932.0m | $580.1m | 0.62 |
| Q3 2025 | $901.4m | $560.9m | 0.62 |
| Q4 2025 | $890.1m | $661.1m | 0.74 |
Biggest buyers
| Invesco Ltd. | Added | +5.8m |
| BlackRock, Inc. | Added | +1.5m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +1.1m |
| Winslow Capital Management, LLC | New | +887.6k |
| Capital Research Global Investors | Added | +763.1k |
| HSBC HOLDINGS PLC | Added | +623.2k |
| AMERICAN CENTURY COMPANIES INC | Added | +399.4k |
| MILLENNIUM MANAGEMENT LLC | Added | +324.6k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +305.2k |
| GOLDMAN SACHS GROUP INC | Added | +269.5k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -6.8m |
| PARNASSUS INVESTMENTS, LLC | Sold out | -1.6m |
| FMR LLC | Reduced | -1.1m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -950.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -764.8k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -537.7k |
| EDGEWOOD MANAGEMENT LLC | Reduced | -427.5k |
| Capital World Investors | Reduced | -400.4k |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -345.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -291.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $267.1m589.1k shares |
| CITADEL ADVISORS LLC | Reduced | $112.6m248.4k shares |
| IMC-Chicago, LLC | Added | $56.1m123.8k shares |
| JANE STREET GROUP, LLC | Reduced | $55.2m121.8k shares |
| ROYAL BANK OF CANADA | New | $45.3m100.0k shares |
| JPMORGAN CHASE & CO | Reduced | $40.5m89.3k shares |
| DIADEMA PARTNERS LP | New | $40.0m88.3k shares |
| GROUP ONE TRADING LLC | Added | $28.6m63.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $28.5m62.8k shares |
| PEAK6 LLC | Added | $25.4m56.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $219.8m484.8k shares |
| CITADEL ADVISORS LLC | Reduced | $51.9m114.5k shares |
| JANE STREET GROUP, LLC | Added | $51.3m113.1k shares |
| Hudson Bay Capital Management LP | New | $45.3m100.0k shares |
| IMC-Chicago, LLC | Added | $44.5m98.1k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $27.0m59.5k shares |
| PEAK6 LLC | Reduced | $25.0m55.2k shares |
| UBS Group AG | Reduced | $22.5m49.7k shares |
| GROUP ONE TRADING LLC | Added | $19.7m43.4k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $19.4m42.7k 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 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 |
|---|---|---|---|---|---|
| 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 |
| Q4 2025 | 0 | — | 5 | $70.9m | $70.9m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-03 | LEIDEN JEFFREY M Executive Chairman, director | Sold plan | $28.7m63.8k shares |
| 2025-12-03 | WAGNER CHARLES F JR EVP, CO & FO | Sold plan | $6.4m14.0k shares |
| 2025-12-03 | Tatsis Ourania EVP, Chief Reg. & Quality Off. | Sold plan | $2.0m4.5k shares |
| 2025-12-03 | Biller Jonathan EVP and Chief Legal Officer | Sold plan | $155.8k347 shares |
| 2025-11-17 | Atkinson Edward Morrow III EVP, Chief Technical Ops. Off. | Sold plan | $1.1m2.5k shares |
| 2025-11-14 | LEIDEN JEFFREY M Executive Chairman, director | Sold plan | $23.6m53.6k shares |
| 2025-11-13 | LEIDEN JEFFREY M Executive Chairman, director | Sold plan | $8.7m19.7k shares |
| 2025-10-02 | Biller Jonathan EVP and Chief Legal Officer | Sold plan | $280.5k694 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 2025
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 1.57% of their portfolio | 25.5m $11.6bn | Reduced -400.4k |
| VANGUARD GROUP INC 0.16% of their portfolio | 24.1m $10.9bn | Reduced -111.0k |
| BlackRock, Inc. 0.18% of their portfolio | 23.8m $10.8bn | Added +1.5m |
| Capital Research Global Investors 1.45% of their portfolio | 17.3m $7.9bn | Added +763.1k |
| STATE STREET CORP 0.18% of their portfolio | 11.7m $5.3bn | Added +83.5k |
| Invesco Ltd. 0.34% of their portfolio | 7.9m $3.6bn | Added +5.8m |
| JPMORGAN CHASE & CO 0.18% of their portfolio | 6.0m $2.7bn | Reduced -6.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.17% of their portfolio | 6.0m $2.7bn | Added +8.2k |
| Capital International Investors 0.34% of their portfolio | 4.7m $2.1bn | Added +44.5k |
| ALLIANCEBERNSTEIN L.P. 0.64% of their portfolio | 4.5m $2.0bn | Reduced -26.1k |
| LOOMIS SAYLES & CO L P 2.20% of their portfolio | 4.0m $1.8bn | Reduced -88.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.30% of their portfolio | 3.8m $1.7bn | Reduced -950.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.86% of their portfolio | 3.4m $1.5bn | Added +1.1m |
| JENNISON ASSOCIATES LLC 0.88% of their portfolio | 3.2m $1.5bn | Reduced -205.4k |
| NORGES BANK 0.15% of their portfolio | 3.2m $1.4bn | Not comparable |
| MORGAN STANLEY 0.08% of their portfolio | 3.1m $1.4bn | Added +11.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.29% of their portfolio | 3.0m $1.4bn | Added +113.7k |
| BANK OF AMERICA CORP /DE/ 0.10% of their portfolio | 2.9m $1.3bn | Added +96.6k |
| Clearbridge Investments, LLC 1.04% of their portfolio | 2.9m $1.3bn | Added +214.4k |
| NORTHERN TRUST CORP 0.15% of their portfolio | 2.6m $1.2bn | Reduced -48.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.11% of their portfolio | 2.3m $1.0bn | Reduced -764.8k |
| AMERIPRISE FINANCIAL INC 0.23% of their portfolio | 2.3m $1.0bn | Reduced -13.2k |
| JANUS HENDERSON GROUP PLC 0.45% of their portfolio | 2.2m $1.0bn | Added +102.8k |
| FMR LLC 0.05% of their portfolio | 2.2m $1.0bn | Reduced -1.1m |
| Legal & General Group Plc 0.20% of their portfolio | 2.0m $893.2m | Added +17.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.13% of their portfolio | 1.9m $842.9m | Added +29.3k |
| DEUTSCHE BANK AG\ 0.26% of their portfolio | 1.8m $801.9m | Added +168.4k |
| GOLDMAN SACHS GROUP INC 0.11% of their portfolio | 1.8m $795.2m | Added +269.5k |
| Bank of New York Mellon Corp 0.12% of their portfolio | 1.5m $692.5m | Reduced -41.6k |
| Amundi 0.16% of their portfolio | 1.3m $591.3m | Added +185.2k |
| HSBC HOLDINGS PLC 0.16% of their portfolio | 1.3m $571.8m | Added +623.2k |
| ROYAL BANK OF CANADA 0.10% of their portfolio | 1.2m $541.5m | Added +803 |
| WCM INVESTMENT MANAGEMENT, LLC 1.05% of their portfolio | 1.1m $512.3m | Reduced -21.0k |
| EDGEWOOD MANAGEMENT LLC 2.29% of their portfolio | 1.1m $480.6m | Reduced -427.5k |
| Nuveen, LLC 0.12% of their portfolio | 1.0m $472.6m | Reduced -35.3k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 945.7k $428.7m | Added +162.1k |
| Winslow Capital Management, LLC 1.36% of their portfolio | 887.6k $405.1m | New |
| AMERICAN CENTURY COMPANIES INC 0.19% of their portfolio | 848.6k $384.7m | Added +399.4k |
| BARCLAYS PLC 0.15% of their portfolio | 847.8k $384.3m | Added +105.3k |
| Assenagon Asset Management S.A. 0.57% of their portfolio | 832.9k $377.6m | Added +69.2k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.32% of their portfolio | 803.8k $364.4m | Reduced -537.7k |
| Pictet Asset Management Holding SA 0.33% of their portfolio | 752.4k $342.2m | Reduced -39.0k |
| WELLS FARGO & COMPANY/MN 0.07% of their portfolio | 741.8k $336.3m | Added +24.5k |
| Swiss National Bank 0.19% of their portfolio | 702.6k $318.5m | Reduced -37.7k |
| Bellevue Group AG 5.85% of their portfolio | 681.1k $308.8m | Added +175.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.35% of their portfolio | 669.8k $303.7m | Added +213.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.17% of their portfolio | 654.5k $296.7m | Reduced -46.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.16% of their portfolio | 593.9k $269.3m | Added +212.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.17% of their portfolio | 566.2k $256.0m | Added +21.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.25% of their portfolio | 562.4k $254.4m | Added +130.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.16% of their portfolio | 559.5k $253.7m | Added +305.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.21% of their portfolio | 557.7k $252.9m | Added +47.5k |
| California Public Employees Retirement System 0.14% of their portfolio | 556.1k $252.1m | Reduced -56.4k |
| UBS Group AG 0.05% of their portfolio | 556.0k $252.1m | Reduced -217.1k |
| FRANKLIN RESOURCES INC 0.06% of their portfolio | 550.6k $249.6m | Added +87.6k |
| NEUBERGER BERMAN GROUP LLC 0.18% of their portfolio | 545.9k $247.5m | Added +18.4k |
| CITIGROUP INC 0.17% of their portfolio | 539.9k $244.8m | Reduced -65 |
| National Pension Service 0.18% of their portfolio | 530.8k $240.7m | Added +18.7k |
| NATIXIS ADVISORS, LLC 0.34% of their portfolio | 527.9k $239.3m | Reduced -9.3k |
| B. Metzler seel. Sohn & Co. AG 2.04% of their portfolio | 515.3k $233.6m | Added +199.8k |
| DekaBank Deutsche Girozentrale 0.38% of their portfolio | 506.5k $219.8m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.36% of their portfolio | 505.0k $229.0m | Reduced -230.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio | 471.6k $213.8m | Added +888 |
| ProShare Advisors LLC 0.37% of their portfolio | 457.0k $207.2m | Added +123.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.17% of their portfolio | 447.2k $202.6m | Added +86.1k |
| RHUMBLINE ADVISERS 0.16% of their portfolio | 431.3k $195.5m | Reduced -16.7k |
| MANNING & NAPIER ADVISORS LLC 2.52% of their portfolio | 427.6k $194.0m | Reduced -47.2k |
| BANK OF MONTREAL /CAN/ 0.08% of their portfolio | 427.5k $193.8m | Added +8.0k |
| CITADEL ADVISORS LLC 0.13% of their portfolio | 427.1k $193.6m | Added +253.6k |
| RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio | 418.1k $189.6m | Reduced -117.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.10% of their portfolio | 415.1k $188.2m | Added +8.6k |
| Chevy Chase Trust Holdings, LLC 0.50% of their portfolio | 408.4k $185.1m | Reduced -10.1k |
| Robeco Institutional Asset Management B.V. 0.25% of their portfolio | 394.2k $178.7m | Added +14.8k |
| Harding Loevner LP 1.56% of their portfolio | 391.9k $177.7m | Reduced -64.1k |
| Squarepoint Ops LLC 0.36% of their portfolio | 389.0k $176.4m | Reduced -218.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.17% of their portfolio | 385.8k $174.9m | Reduced -8.8k |
| Russell Investments Group, Ltd. 0.19% of their portfolio | 381.5k $173.0m | Added +40.4k |
| Man Group plc 0.33% of their portfolio | 380.7k $172.6m | Added +18.0k |
| Life Cycle Investment Partners Ltd 1.16% of their portfolio | 366.9k $166.3m | First filing |
| Bank Julius Baer & Co. Ltd, Zurich 0.46% of their portfolio | 366.3k $166.1m | Reduced -10.2k |
| MILLENNIUM MANAGEMENT LLC 0.12% of their portfolio | 365.7k $165.8m | Added +324.6k |
| SEI INVESTMENTS CO 0.16% of their portfolio | 364.0k $165.0m | Added +187.5k |
| Alyeska Investment Group, L.P. 0.45% of their portfolio | 354.3k $160.6m | Added +87.2k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.35% of their portfolio | 353.5k $160.3m | Reduced -34.8k |
| Connor, Clark & Lunn Investment Management Ltd. 0.41% of their portfolio | 345.4k $156.6m | Added +124.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.25% of their portfolio | 334.9k $151.8m | Added +15.4k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.55% of their portfolio | 329.7k $149.5m | Reduced -6.3k |
| Ensign Peak Advisors, Inc 0.24% of their portfolio | 303.8k $137.7m | Reduced -8.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.18% of their portfolio | 297.4k $134.8m | Reduced -11.2k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.42% of their portfolio | 293.3k $123.2m | Added +257.8k |
| LPL Financial LLC 0.03% of their portfolio | 276.9k $125.5m | Added +12.7k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.26% of their portfolio | 273.4k $124.0m | Reduced -3.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.19% of their portfolio | 272.5k $123.5m | Reduced -210.0k |
| Aberdeen Group plc 0.18% of their portfolio | 262.1k $118.8m | Reduced -52.8k |
| Cerity Partners LLC 0.17% of their portfolio | 261.6k $118.6m | Added +2.7k |
| Swedbank AB 0.11% of their portfolio | 260.7k $118.2m | Added +6.6k |
| NATIONAL BANK OF CANADA /FI/ 0.11% of their portfolio | 238.5k $108.1m | Reduced -9.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.18% of their portfolio | 226.0k $102.5m | Reduced -7.6k |
| Candriam S.C.A. 0.51% of their portfolio | 225.3k $102.1m | Added +50.7k |
| Welch & Forbes LLC 1.20% of their portfolio | 218.2k $98.9m | Reduced -2.1k |