Vault-13

LINDE PLC 99952EUR

SHS · Common Stock · CUSIP G5494J103

20 institutional holders -5 vs Q3 2025
852,000852.0k shares reported held*
$363.7mreported value*
0 new 6 added 6 reduced 5 sold out net sold ≈ $42.3m (-99.2k shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $426.91. Options: 1 managers hold calls ($74.6m notional), 1 hold puts ($57.6m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,392Q4 22: 1,519Q1 23: 73Q2 23: 39Q3 23: 31Q4 23: 31Q1 24: 30Q2 24: 30Q3 24: 27Q4 24: 24Q1 25: 26Q2 25: 24Q3 25: 25Q4 25: 2020Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 20221,392
Q4 20221,519
Q1 202373
Q2 202339
Q3 202331
Q4 202331
Q1 202430
Q2 202430
Q3 202427
Q4 202424
Q1 202526
Q2 202524
Q3 202525
Q4 202520

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q1 24: 8 bought or addedQ1 24: 14 cut or sold outQ2 24: 9 bought or addedQ2 24: 10 cut or sold outQ2 24Q3 24: 9 bought or addedQ3 24: 11 cut or sold outQ4 24: 6 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 7 bought or addedQ1 25: 7 cut or sold outQ2 25: 6 bought or addedQ2 25: 9 cut or sold outQ2 25Q3 25: 10 bought or addedQ3 25: 6 cut or sold outQ4 25: 6 bought or addedQ4 25: 11 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024814
Q2 2024910
Q3 2024911
Q4 2024614
Q1 202577
Q2 202569
Q3 2025106
Q4 2025611

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60m$80mQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $23.1mQ2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $74.6mQ4 25 puts: $57.6mQ4 25P/C 0.77
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$23.1m—
Q3 2025$0$0—
Q4 2025$74.6m$57.6m0.77

Biggest buyers

Harvest Fund Management Co., Ltd Added +6,054+6.1k
Mn Services Vermogensbeheer B.V. Added +3,767+3.8k
CONNORS INVESTOR SERVICES INC Added +2,205+2.2k
PARTNERS CAPITAL INVESTMENT GROUP, LLP Added +1,099+1.1k
Stanley-Laman Group, Ltd. Added +1,049+1.0k
KING LUTHER CAPITAL MANAGEMENT CORP Added +120+120

Biggest sellers

SCOPUS ASSET MANAGEMENT, L.P. Sold out -110,012-110.0k
STALEY CAPITAL ADVISERS INC Sold out -1,460-1.5k
DEARBORN PARTNERS LLC Reduced -579-579
49 WEALTH MANAGEMENT, LLC Sold out -524-524
Fruth Investment Management Reduced -465-465
Lorne Steinberg Wealth Management Inc. Reduced -255-255
Itau Unibanco Holding S.A. Sold out -107-107
FERGUSON WELLMAN CAPITAL MANAGEMENT, INC Reduced -45-45
Stuart Chaussee & Associates, Inc. Sold out -41-41
CULLINAN ASSOCIATES INC Reduced -25-25

Biggest calls

SCOPUS ASSET MANAGEMENT, L.P. New $74.6m175.0k shares

Biggest puts

SCOPUS ASSET MANAGEMENT, L.P. New $57.6m135.0k 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.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 KING LUTHER CAPITAL MANAGEMENT CORP 0.87% of their portfolio FORT WORTH, TX 500,966501.0k $213.6m $213.6m 0.87% Added +120 +120
2 Mn Services Vermogensbeheer B.V. 0.48% of their portfolio THE HAGUE, P7 183,228183.2k $78.1m $78.1m 0.48% Added +3.8k +3,767
3 CONNORS INVESTOR SERVICES INC 1.49% of their portfolio WYOMISSING, PA 40,59640.6k $17.3m $17.3m 1.49% Added +2.2k +2,205
4 Harvest Fund Management Co., Ltd 0.56% of their portfolio BEIJING, F4 34,89234.9k $14.9m $14.9m 0.56% Added +6.1k +6,054
5 Fruth Investment Management 3.02% of their portfolio HOUSTON, TX 26,30226.3k $11.2m $11.2m 3.02% Reduced -465 -465
6 Stanley-Laman Group, Ltd. 1.04% of their portfolio Berwyn, PA 19,24419.2k $8.2m $8.2m 1.04% Added +1.0k +1,049
7 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.17% of their portfolio BOSTON, MA 10,69810.7k $4.6m $4.6m 0.17% Added +1.1k +1,099
8 DEARBORN PARTNERS LLC 0.22% of their portfolio CHICAGO, IL 10,35210.4k $4.4m $4.4m 0.22% Reduced -579 -579
9 WESTPORT ASSET MANAGEMENT INC 1.78% of their portfolio SOUTHPORT, CT 9,0009.0k $4.3m $4.3m 1.78% Unchanged
10 Cohen Klingenstein LLC 0.10% of their portfolio NEW YORK, NY 8,0008.0k $3.4m $3.4m 0.10% Unchanged
11 Lorne Steinberg Wealth Management Inc. 0.52% of their portfolio MONTREAL, QUEBEC, Z4 5,2955.3k $2.3m $2.3m 0.52% Reduced -255 -255
12 WENDELL DAVID ASSOCIATES INC 0.05% of their portfolio PORTSMOUTH, NH 1,0761.1k $459.0k $459.0k 0.05% Unchanged
13 Boit C F David 0.15% of their portfolio BOSTON, MA 800800 $355.3k $355.3k 0.15% Unchanged
14 CULLINAN ASSOCIATES INC 0.02% of their portfolio LOUISVILLE, KY 676676 $288.2k $288.2k 0.02% Reduced -25 -25
15 FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 0.00% of their portfolio PORTLAND, OR 559559 $238.4k $238.4k 0.00% Reduced -45 -45
16 THOMPSON INVESTMENT MANAGEMENT, INC. 0.01% of their portfolio MADISON, WI 210210 $89.5k $89.5k 0.01% Unchanged
17 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 8282 $35.0k $35.0k 0.00% Unchanged
18 Lummis Asset Management, LP 0.00% of their portfolio FORT WORTH, TX 1919 $8.1k $8.1k 0.00% Unchanged
19 HORIZON FINANCIAL SERVICES, LLC 0.00% of their portfolio WINSTON SALEM, NC 44 $1.7k $1.7k 0.00% Reduced -8 -8
20 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $350 $350 0.00% Unchanged