EATON CORP PLC ETN
SHS · Common Stock · CUSIP G29183103
Multinational power management 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 ($273.6m this quarter). Holder counts are more reliable. Shares outstanding: 388.4m as of 2025-09-30, 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 ≈ $374.04. Options: 51 managers hold calls ($1.5bn notional), 51 hold puts ($1.1bn).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,378 |
| Q4 2022 | 1,483 |
| Q1 2023 | 1,524 |
| Q2 2023 | 1,622 |
| Q3 2023 | 1,661 |
| Q4 2023 | 1,817 |
| Q1 2024 | 2,001 |
| Q2 2024 | 2,075 |
| Q3 2024 | 2,124 |
| Q4 2024 | 2,281 |
| Q1 2025 | 2,187 |
| Q2 2025 | 2,321 |
| Q3 2025 | 2,384 |
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 | 785 | 751 |
| Q1 2024 | 928 | 833 |
| Q2 2024 | 934 | 897 |
| Q3 2024 | 1,031 | 862 |
| Q4 2024 | 1,002 | 874 |
| Q1 2025 | 1,062 | 1,026 |
| Q2 2025 | 1,203 | 897 |
| Q3 2025 | 1,168 | 896 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $1.1bn | $1.4bn | 1.21 |
| Q1 2025 | $1.7bn | $997.3m | 0.57 |
| Q2 2025 | $3.1bn | $1.4bn | 0.45 |
| Q3 2025 | $1.5bn | $1.1bn | 0.73 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +14.6m |
| FMR LLC | Added | +715.1k |
| Guinness Asset Management LTD | New | +657.0k |
| JANUS HENDERSON GROUP PLC | Added | +622.3k |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +498.3k |
| FIRST TRUST ADVISORS LP | Added | +396.9k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +396.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +339.7k |
| Cartenna Capital, LP | New | +315.0k |
| Alyeska Investment Group, L.P. | Added | +304.0k |
Biggest sellers
| Capital International Investors | Sold out | -1.7m |
| ROYAL BANK OF CANADA | Reduced | -1.2m |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -1.0m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -858.9k |
| AXA S.A. | Reduced | -834.1k |
| BANK OF AMERICA CORP /DE/ | Reduced | -564.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -429.6k |
| Nuveen, LLC | Reduced | -414.6k |
| Balyasny Asset Management L.P. | Reduced | -378.1k |
| Zurich Insurance Group Ltd/FI | Sold out | -352.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $356.5m952.6k shares |
| JANE STREET GROUP, LLC | Added | $152.5m407.4k shares |
| CITADEL ADVISORS LLC | Reduced | $151.2m403.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $99.5m270.9k shares |
| IMC-Chicago, LLC | Reduced | $91.2m243.8k shares |
| PEAK6 LLC | Reduced | $62.1m166.0k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $55.9m149.3k shares |
| GROUP ONE TRADING LLC | Reduced | $54.8m146.4k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $50.0m133.6k shares |
| SCOPUS ASSET MANAGEMENT, L.P. | Added | $41.2m110.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $177.5m474.4k shares |
| JANE STREET GROUP, LLC | Added | $126.3m337.6k shares |
| CITADEL ADVISORS LLC | Reduced | $108.0m288.6k shares |
| BARCLAYS PLC | Added | $95.7m255.6k shares |
| IMC-Chicago, LLC | Added | $90.0m240.5k shares |
| WOLVERINE TRADING, LLC | Added | $68.5m186.7k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $64.2m1.7k shares |
| PEAK6 LLC | Added | $42.7m114.0k shares |
| GROUP ONE TRADING LLC | Reduced | $28.7m76.6k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $27.8m74.2k 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 |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-28 | 7.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; 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 | — | 1 | $601.8k | — |
| Q1 2024 | 0 | — | 7 | $57.3m | — |
| Q2 2024 | 0 | — | 2 | $6.2m | — |
| Q3 2024 | 2 | $811.6k | 4 | $16.6m | — |
| Q4 2024 | 0 | — | 5 | $31.6m | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 6 | $58.1m | — |
| Q3 2025 | 1 | $36.1k | 1 | $5.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-08-11 | Johnson Gerald Director | Bought | $36.1k100 shares |
| 2025-08-07 | LEONETTI OLIVIER Officer | Sold | $5.7m16.0k 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 |
|---|---|---|
| JPMORGAN CHASE & CO 0.46% of their portfolio | 38.4m $14.4bn | Added +14.6m |
| VANGUARD GROUP INC 0.21% of their portfolio | 37.7m $14.1bn | Reduced -2.3k |
| BlackRock, Inc. 0.19% of their portfolio | 28.6m $10.7bn | Added +168.7k |
| STATE STREET CORP 0.22% of their portfolio | 16.9m $6.3bn | Added +105.1k |
| MORGAN STANLEY 0.29% of their portfolio | 12.8m $4.8bn | Added +240.1k |
| BANK OF AMERICA CORP /DE/ 0.35% of their portfolio | 12.6m $4.7bn | Reduced -564.7k |
| FMR LLC 0.23% of their portfolio | 12.0m $4.5bn | Added +715.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.20% of their portfolio | 8.6m $3.2bn | Added +47.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.85% of their portfolio | 7.3m $2.7bn | Reduced -858.9k |
| RAYMOND JAMES FINANCIAL INC 0.65% of their portfolio | 5.4m $2.0bn | Reduced -81.7k |
| Nuveen, LLC 0.50% of their portfolio | 5.1m $1.9bn | Reduced -414.6k |
| GOLDMAN SACHS GROUP INC 0.27% of their portfolio | 5.0m $1.9bn | Added +280.6k |
| COATUE MANAGEMENT LLC 4.40% of their portfolio | 4.8m $1.8bn | Added +107.0k |
| NORTHERN TRUST CORP 0.21% of their portfolio | 4.4m $1.7bn | Reduced -49.6k |
| Invesco Ltd. 0.26% of their portfolio | 4.4m $1.7bn | Reduced -92.2k |
| JANUS HENDERSON GROUP PLC 0.74% of their portfolio | 4.3m $1.6bn | Added +622.3k |
| UBS Group AG 0.31% of their portfolio | 4.2m $1.6bn | Added +183.6k |
| AMERIPRISE FINANCIAL INC 0.33% of their portfolio | 3.8m $1.4bn | Added +254.3k |
| ALLIANCEBERNSTEIN L.P. 0.40% of their portfolio | 3.4m $1.3bn | Reduced -324.9k |
| Clearbridge Investments, LLC 0.95% of their portfolio | 3.4m $1.3bn | Added +3.6k |
| WELLS FARGO & COMPANY/MN 0.25% of their portfolio | 3.3m $1.2bn | Added +33.2k |
| Bank of New York Mellon Corp 0.19% of their portfolio | 2.8m $1.0bn | Reduced -53.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.21% of their portfolio | 2.6m $973.1m | Reduced -429.6k |
| Legal & General Group Plc 0.21% of their portfolio | 2.6m $955.9m | Added +182.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.14% of their portfolio | 2.3m $849.1m | Reduced -9.2k |
| ROYAL BANK OF CANADA 0.15% of their portfolio | 2.2m $818.0m | Reduced -1.2m |
| DEUTSCHE BANK AG\ 0.25% of their portfolio | 2.0m $736.9m | Added +73.3k |
| FRANKLIN RESOURCES INC 0.16% of their portfolio | 1.7m $641.4m | Reduced -145.7k |
| Amundi 0.20% of their portfolio | 1.7m $629.3m | Reduced -312.9k |
| NEUBERGER BERMAN GROUP LLC 0.43% of their portfolio | 1.6m $592.5m | Reduced -23.0k |
| STIFEL FINANCIAL CORP 0.49% of their portfolio | 1.4m $542.0m | Added +24.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.30% of their portfolio | 1.4m $526.4m | Reduced -27.8k |
| Pictet Asset Management Holding SA 0.49% of their portfolio | 1.4m $508.5m | Added +129.1k |
| 1832 Asset Management L.P. 0.82% of their portfolio | 1.3m $482.1m | Added +41.0k |
| FIRST TRUST ADVISORS LP 0.35% of their portfolio | 1.3m $475.9m | Added +396.9k |
| Fayez Sarofim & Co 1.10% of their portfolio | 1.3m $474.4m | Added +40.8k |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 1.2m $460.2m | Reduced -90.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio | 1.2m $443.1m | Added +289.0k |
| BESSEMER GROUP INC 0.66% of their portfolio | 1.2m $433.2m | Added +170.2k |
| Swiss National Bank 0.24% of their portfolio | 1.1m $422.2m | Reduced -57.9k |
| Artisan Partners Limited Partnership 0.59% of their portfolio | 1.1m $413.5m | Reduced -71.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.39% of their portfolio | 1.0m $386.5m | Added +498.3k |
| Winslow Capital Management, LLC 1.26% of their portfolio | 1.0m $380.2m | Added +197.9k |
| PNC Financial Services Group, Inc. 0.22% of their portfolio | 982.2k $367.6m | Added +57.3k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.31% of their portfolio | 917.0k $343.2m | Added +396.6k |
| BARCLAYS PLC 0.12% of their portfolio | 907.5k $339.6m | Reduced -82.4k |
| Bahl & Gaynor LLC 1.65% of their portfolio | 886.7k $331.8m | Reduced -26.1k |
| AXA Investment Managers S.A. 0.88% of their portfolio | 870.7k $325.9m | First filing |
| TD Asset Management Inc 0.26% of their portfolio | 865.8k $324.0m | Reduced -32.6k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.50% of their portfolio | 834.4k $312.3m | Added +24.8k |
| Swedbank AB 0.31% of their portfolio | 810.1k $303.2m | Reduced -42.2k |
| NATIXIS ADVISORS, LLC 0.44% of their portfolio | 809.3k $302.9m | Reduced -8.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.21% of their portfolio | 789.1k $295.3m | Added +28.5k |
| California Public Employees Retirement System 0.18% of their portfolio | 783.1k $293.1m | Reduced -131.5k |
| National Pension Service 0.23% of their portfolio | 775.0k $290.1m | Added +13.6k |
| LPL Financial LLC 0.08% of their portfolio | 700.8k $262.3m | Added +40.9k |
| BAILLIE GIFFORD & CO 0.19% of their portfolio | 697.9k $261.2m | Reduced -27.3k |
| DekaBank Deutsche Girozentrale 0.41% of their portfolio | 673.6k $246.3m | Unchanged |
| Guinness Asset Management LTD 3.84% of their portfolio | 657.0k $241.2m | New |
| CITIGROUP INC 0.17% of their portfolio | 652.8k $244.3m | Added +24.3k |
| CIBC Private Wealth Group LLC 0.41% of their portfolio | 647.1k $242.2m | Reduced -2.4k |
| RHUMBLINE ADVISERS 0.19% of their portfolio | 644.6k $241.2m | Reduced -45.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.24% of their portfolio | 624.1k $233.6m | Added +909 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.29% of their portfolio | 604.1k $226.1m | Reduced -27.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.17% of their portfolio | 601.0k $220.6m | Added +339.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 588.2k $220.1m | Reduced -4.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.11% of their portfolio | 585.1k $219.0m | Added +37.4k |
| SEI INVESTMENTS CO 0.23% of their portfolio | 578.1k $216.3m | Added +40.7k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.40% of their portfolio | 575.4k $215.3m | Reduced -198 |
| Tredje AP-fonden 1.72% of their portfolio | 570.9k $213.7m | Reduced -62.7k |
| TRUIST FINANCIAL CORP 0.29% of their portfolio | 570.6k $213.5m | Added +19.5k |
| BANK OF MONTREAL /CAN/ 0.09% of their portfolio | 564.8k $211.4m | Added +169.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.12% of their portfolio | 562.7k $210.6m | Reduced -1.0m |
| LAZARD ASSET MANAGEMENT LLC 0.28% of their portfolio | 546.4k $204.5m | Reduced -19.4k |
| Bank Julius Baer & Co. Ltd, Zurich 0.56% of their portfolio | 531.5k $198.9m | Reduced -7.9k |
| CONGRESS ASSET MANAGEMENT CO 1.29% of their portfolio | 519.7k $194.5m | Reduced -4.9k |
| HighTower Advisors, LLC 0.22% of their portfolio | 517.9k $193.8m | Added +30.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.14% of their portfolio | 516.1k $193.1m | Reduced -18.6k |
| Williams Jones Wealth Management, LLC. 2.21% of their portfolio | 515.6k $193.0m | Added +16.4k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.43% of their portfolio | 505.4k $189.1m | Reduced -4.7k |
| Aberdeen Group plc 0.29% of their portfolio | 491.3k $182.5m | Added +8.7k |
| FIFTH THIRD BANCORP 0.58% of their portfolio | 487.8k $182.5m | Added +23.5k |
| Janney Montgomery Scott LLC 0.41% of their portfolio | 466.3k $174.5m | Reduced -12.7k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.26% of their portfolio | 461.3k $171.1m | Reduced -22.4k |
| REGIONS FINANCIAL CORP 0.55% of their portfolio | 456.2k $170.7m | Added +243.4k |
| Man Group plc 0.32% of their portfolio | 443.0k $165.8m | Added +157.9k |
| OMERS ADMINISTRATION Corp 1.15% of their portfolio | 430.1k $161.0m | Unchanged |
| CANADA LIFE ASSURANCE Co 0.22% of their portfolio | 414.7k $152.2m | Added +5.6k |
| CREDIT AGRICOLE S A 0.51% of their portfolio | 412.7k $154.5m | First filing |
| MACQUARIE GROUP LTD 0.18% of their portfolio | 406.7k $152.2m | Reduced -10.4k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 1.37% of their portfolio | 401.5k $150.3m | Reduced -36.1k |
| AGF MANAGEMENT LTD 0.64% of their portfolio | 387.2k $144.9m | Added +11.6k |
| Groupe la Francaise 1.89% of their portfolio | 383.6k $139.1m | Added +30.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.24% of their portfolio | 382.4k $143.1m | Reduced -67.2k |
| US BANCORP \DE\ 0.17% of their portfolio | 380.5k $142.4m | Added +22.4k |
| Mariner, LLC 0.18% of their portfolio | 376.5k $140.9m | Added +4.7k |
| Baird Financial Group, Inc. 0.23% of their portfolio | 375.3k $140.5m | Added +4.8k |
| Russell Investments Group, Ltd. 0.16% of their portfolio | 370.1k $138.1m | Added +2.0k |
| Alyeska Investment Group, L.P. 0.42% of their portfolio | 368.1k $137.8m | Added +304.0k |
| Haverford Trust Co 1.24% of their portfolio | 367.9k $137.7m | Reduced -8.4k |