WATERS CORP WAT
COM · Common Stock · CUSIP 941848103 · ISIN US9418481035
- SectorTechnology
- IndustryLaboratory Analytical Instruments
- HeadquartersMilford, MA
- Founded1958
- Websitewaters.com
- FilingsSEC EDGAR
* 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 ($17.0m this quarter). Holder counts are more reliable. Shares outstanding: 59.4m as of 2024-10-25, 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 ≈ $359.34. Options: 14 managers hold calls ($59.7m notional), 12 hold puts ($26.6m).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 646 |
| Q4 2022 | 654 |
| Q1 2023 | 678 |
| Q2 2023 | 648 |
| Q3 2023 | 652 |
| Q4 2023 | 675 |
| Q1 2024 | 690 |
| Q2 2024 | 696 |
| Q3 2024 | 698 |
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 | 259 | 304 |
| Q1 2023 | 296 | 259 |
| Q2 2023 | 295 | 313 |
| Q3 2023 | 278 | 294 |
| Q4 2023 | 271 | 311 |
| Q1 2024 | 256 | 329 |
| Q2 2024 | 321 | 288 |
| Q3 2024 | 305 | 314 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $76.2m | $79.9m | 1.05 |
| Q1 2024 | $48.6m | $51.5m | 1.06 |
| Q2 2024 | $32.6m | $23.1m | 0.71 |
| Q3 2024 | $59.7m | $26.6m | 0.45 |
Biggest buyers
| PRINCIPAL FINANCIAL GROUP INC | Added | +271.8k |
| JPMORGAN CHASE & CO | Added | +165.7k |
| Woodline Partners LP | New | +158.6k |
| NORGES BANK | Added | +154.8k |
| Findlay Park Partners LLP | Added | +136.7k |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +132.2k |
| Robeco Institutional Asset Management B.V. | Added | +100.8k |
| ALLIANCEBERNSTEIN L.P. | Added | +85.8k |
| NATIXIS ADVISORS, LLC | Added | +59.0k |
| VANGUARD GROUP INC | Added | +57.6k |
Biggest sellers
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -666.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -279.0k |
| Qube Research & Technologies Ltd | Sold out | -152.3k |
| TWINBEECH CAPITAL LP | Sold out | -97.8k |
| AKO CAPITAL LLP | Reduced | -88.4k |
| CITADEL ADVISORS LLC | Reduced | -80.3k |
| Boston Trust Walden Corp | Reduced | -66.1k |
| GUARDCAP ASSET MANAGEMENT Ltd | Reduced | -66.0k |
| Bank of New York Mellon Corp | Reduced | -58.7k |
| Squarepoint Ops LLC | Reduced | -54.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $26.9m74.7k shares |
| CITADEL ADVISORS LLC | Reduced | $10.3m28.5k shares |
| IMC-Chicago, LLC | New | $6.2m17.2k shares |
| JANE STREET GROUP, LLC | Added | $5.1m14.3k shares |
| Walleye Trading LLC | New | $3.8m10.5k shares |
| SIMPLEX TRADING, LLC | Added | $3.0m8.4k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $1.9m5.4k shares |
| WOLVERINE TRADING, LLC | Added | $1.1m3.1k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Unchanged | $611.8k1.7k shares |
| Walleye Capital LLC | Reduced | $323.9k900 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $9.4m26.1k shares |
| PURA VIDA INVESTMENTS, LLC | New | $6.3m17.5k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $3.6m10.0k shares |
| CITADEL ADVISORS LLC | Reduced | $3.1m8.7k shares |
| Walleye Capital LLC | Added | $1.2m3.3k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $1.1m3.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $539.0k1.5k shares |
| WOLVERINE TRADING, LLC | Added | $464.5k1.3k shares |
| Walleye Trading LLC | New | $395.9k1.1k shares |
| GTS SECURITIES LLC | Reduced | $287.9k800 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 |
|---|---|
| BlackRock, Inc. 13G · institution -1.2 pts · filed 2026-04-24 | 7.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
Fell to 5% or below in the last year: Fundsmith LLP (4.4%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC), ALLIANCEBERNSTEIN L.P. (3.5%, 2025-11-14)
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 | — | 1 | $354.4k | — |
| Q1 2023 | 1 | $997.9k | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 1 | $1.2m | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $177.8k | — |
| Q2 2024 | 1 | $332.9k | 1 | $1.4m | — |
| Q3 2024 | 0 | — | 0 | — | — |
None reported in Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 7.1m $2.5bn | Added +57.6k |
| BlackRock, Inc. 0.04% of their portfolio | 5.9m $2.1bn | First filing |
| Fundsmith LLP 5.19% of their portfolio | 3.6m $1.3bn | Reduced -8.5k |
| STATE STREET CORP 0.04% of their portfolio | 2.6m $927.7m | Added +49.2k |
| ALLIANCEBERNSTEIN L.P. 0.30% of their portfolio | 2.4m $878.7m | Added +85.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.23% of their portfolio | 2.1m $769.8m | Reduced -279.0k |
| Bank of New York Mellon Corp 0.14% of their portfolio | 2.0m $726.1m | Reduced -58.7k |
| GENERATION INVESTMENT MANAGEMENT LLP 3.04% of their portfolio | 1.8m $649.9m | Reduced -5.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 1.4m $508.1m | Added +16.7k |
| FUNDSMITH INVESTMENT SERVICES LTD. 5.50% of their portfolio | 1.2m $442.1m | Added +741 |
| Invesco Ltd. 0.07% of their portfolio | 1.0m $363.9m | Added +4.5k |
| GUARDCAP ASSET MANAGEMENT Ltd 4.49% of their portfolio | 917.5k $330.2m | Reduced -66.0k |
| JANUS HENDERSON GROUP PLC 0.16% of their portfolio | 885.6k $318.7m | Added +6.3k |
| NORGES BANK 0.04% of their portfolio | 829.6k $298.6m | Added +154.8k |
| AKO CAPITAL LLP 3.71% of their portfolio | 790.2k $284.4m | Reduced -88.4k |
| Champlain Investment Partners, LLC 1.62% of their portfolio | 744.2k $267.8m | Reduced -12.9k |
| VAN ECK ASSOCIATES CORP 0.27% of their portfolio | 659.5k $219.8m | Added +6.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.13% of their portfolio | 656.0k $236.1m | Added +271.8k |
| Impax Asset Management Group plc 0.91% of their portfolio | 645.6k $232.4m | Reduced -39.6k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 625.0k $224.9m | Reduced -14.0k |
| LONDON CO OF VIRGINIA 1.18% of their portfolio | 620.8k $223.4m | Added +22.5k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 611.3k $220.0m | Added +165.7k |
| Mawer Investment Management Ltd. 0.87% of their portfolio | 531.6k $191.3m | Reduced -6.4k |
| Findlay Park Partners LLP 1.73% of their portfolio | 511.1k $183.9m | Added +136.7k |
| MORGAN STANLEY 0.01% of their portfolio | 490.8k $176.6m | Reduced -32.8k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 490.7k $176.6m | Added +42.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 477.1k $171.7m | Added +17.2k |
| Boston Trust Walden Corp 1.18% of their portfolio | 471.9k $169.8m | Reduced -66.1k |
| Legal & General Group Plc 0.04% of their portfolio | 445.8k $160.4m | Added +3.5k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 441.7k $159.0m | Added +22.1k |
| Robeco Institutional Asset Management B.V. 0.28% of their portfolio | 393.9k $141.8m | Added +100.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.15% of their portfolio | 392.5k $141.0m | Added +132.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 384.6k $138.4m | Added +7.9k |
| FIRST TRUST ADVISORS LP 0.12% of their portfolio | 339.8k $122.3m | Added +35.2k |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 333.5k $120.0m | Added +9.5k |
| Amundi 0.04% of their portfolio | 299.9k $107.7m | Added +15.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 271.2k $97.6m | Reduced -22.0k |
| Aberdeen Group plc 0.17% of their portfolio | 263.6k $94.7m | Added +7.6k |
| Madison Asset Management, LLC 1.04% of their portfolio | 257.9k $92.8m | Added +23.0k |
| TD Asset Management Inc 0.08% of their portfolio | 251.1k $89.7m | Added +3.8k |
| BECK MACK & OLIVER LLC 1.72% of their portfolio | 246.3k $88.7m | Reduced -32 |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 237.4k $85.4m | Added +36.6k |
| Fenimore Asset Management Inc 1.69% of their portfolio | 232.8k $83.8m | Added +960 |
| Robeco Schweiz AG 1.48% of their portfolio | 219.9k $79.1m | Reduced -2.1k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 210.6k $75.8m | Added +15.2k |
| MACKENZIE FINANCIAL CORP 0.10% of their portfolio | 209.2k $75.3m | Reduced -310 |
| NORDEA INVESTMENT MANAGEMENT AB 0.08% of their portfolio | 204.5k $73.5m | Reduced -666.6k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 198.9k $71.6m | Added +7.3k |
| Artisan Partners Limited Partnership 0.10% of their portfolio | 194.3k $69.9m | Reduced -2.1k |
| Newport Trust Company, LLC 0.17% of their portfolio | 190.4k $68.5m | Reduced -15.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 184.4k $66.4m | Reduced -53.7k |
| Swiss National Bank 0.04% of their portfolio | 176.1k $63.4m | Added +700 |
| CAMBIAR INVESTORS LLC 2.31% of their portfolio | 167.0k $60.1m | Reduced -3.2k |
| Epoch Investment Partners, Inc. 0.27% of their portfolio | 165.7k $59.6m | Added +6.6k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 165.5k $59.6m | Reduced -50.2k |
| BARCLAYS PLC 0.03% of their portfolio | 160.0k $57.6m | Added +41.3k |
| Woodline Partners LP 0.48% of their portfolio | 158.6k $57.1m | New |
| C WorldWide Group Holding A/S 0.58% of their portfolio | 154.8k $55.7m | Reduced -622 |
| NATIXIS ADVISORS, LLC 0.10% of their portfolio | 141.0k $50.7m | Added +59.0k |
| MERCER GLOBAL ADVISORS INC /ADV 0.12% of their portfolio | 138.1k $49.5m | Added +1.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 133.8k $48.1m | Added +1.2k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.04% of their portfolio | 121.1k $43.6m | Unchanged |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 119.6k $43.0m | Reduced -242 |
| AVIVA PLC 0.11% of their portfolio | 114.0k $41.0m | Added +2.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 112.0k $40.3m | Added +6.9k |
| SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI 3.09% of their portfolio | 107.6k $38.7m | Added +2.4k |
| National Pension Service 0.04% of their portfolio | 107.6k $38.7m | Reduced -98 |
| UBS Group AG 0.01% of their portfolio | 107.1k $38.5m | Reduced -8.1k |
| California Public Employees Retirement System 0.03% of their portfolio | 105.8k $38.1m | Added +204 |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 104.8k $37.5m | Reduced -1.5k |
| PRIMECAP MANAGEMENT CO/CA/ 0.03% of their portfolio | 98.5k $35.4m | Reduced -400 |
| RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio | 97.9k $35.2m | Reduced -5.4k |
| GLENMEDE TRUST CO NA 0.17% of their portfolio | 97.0k $34.9m | Reduced -1.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 94.4k $34.0m | Reduced -20 |
| OVERSEA-CHINESE BANKING Corp Ltd 0.89% of their portfolio | 87.8k $31.6m | Reduced -13.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 86.7k $31.2m | Added +9.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 85.2k $30.7m | Added +161 |
| BOSTON FINANCIAL MANGEMENT LLC 0.90% of their portfolio | 84.2k $30.3m | Reduced -2.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 83.2k $30.0m | Added +1.4k |
| Northwest & Ethical Investments L.P. 0.79% of their portfolio | 83.1k $29.9m | Reduced -16.5k |
| TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio | 82.2k $29.6m | Reduced -50.1k |
| FMR LLC 0.00% of their portfolio | 81.7k $29.4m | Added +934 |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 75.1k $27.0m | Reduced -13.4k |
| CITIGROUP INC 0.02% of their portfolio | 74.1k $26.7m | Reduced -7.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.06% of their portfolio | 71.9k $25.9m | Reduced -3.2k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 70.5k $25.2m | Added +30.1k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 67.8k $24.4m | Added +4.3k |
| C Partners Holding GmbH 7.73% of their portfolio | 67.7k $24.4m | Reduced -9.4k |
| Investment Management Corp of Ontario 0.54% of their portfolio | 66.9k $24.1m | Added +700 |
| LGT Group Foundation 0.36% of their portfolio | 61.9k $22.0m | Added +2.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 61.1k $22.0m | Reduced -10.6k |
| Quilter Plc 0.45% of their portfolio | 60.8k $21.9m | Reduced -994 |
| NUANCE INVESTMENTS, LLC 0.70% of their portfolio | 58.2k $21.0m | Reduced -27.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 57.8k $20.8m | Unchanged |
| DekaBank Deutsche Girozentrale 0.04% of their portfolio | 56.6k $19.9m | Reduced -259 |
| MARSHALL WACE, LLP 0.03% of their portfolio | 56.3k $20.3m | Added +24.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 54.0k $19.4m | Reduced -514 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 53.3k $19.2m | Reduced -1.1k |
| PFM Health Sciences, LP 1.05% of their portfolio | 51.1k $18.4m | Added +30.5k |
| Andra AP-fonden 0.27% of their portfolio | 50.6k $18.2m | Added +4.7k |