LINDE PLC LIN
SHS · Common Stock · CUSIP G54950103
Multinational industrial gases and engineering company founded in Germany in 1879
* 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 ($447.6m this quarter). Holder counts are more reliable. Shares outstanding: 477.5m as of 2024-06-30, 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 ≈ $438.61. Options: 49 managers hold calls ($997.2m notional), 43 hold puts ($1.1bn).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 7 |
| Q4 2022 | 13 |
| Q1 2023 | 1,444 |
| Q2 2023 | 1,572 |
| Q3 2023 | 1,615 |
| Q4 2023 | 1,774 |
| Q1 2024 | 1,833 |
| Q2 2024 | 1,833 |
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 | 7 | 2 |
| Q1 2023 | 1,396 | 4 |
| Q2 2023 | 752 | 636 |
| Q3 2023 | 755 | 655 |
| Q4 2023 | 772 | 726 |
| Q1 2024 | 867 | 764 |
| Q2 2024 | 871 | 747 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $666.4m | $712.7m | 1.07 |
| Q4 2023 | $1.1bn | $1.0bn | 0.98 |
| Q1 2024 | $1.1bn | $1.2bn | 1.09 |
| Q2 2024 | $997.2m | $1.1bn | 1.08 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +1.1m |
| Swedbank AB | New | +958.8k |
| T. Rowe Price Investment Management, Inc. | Added | +849.3k |
| GOLDMAN SACHS GROUP INC | Added | +679.9k |
| BARCLAYS PLC | Added | +406.5k |
| AXA S.A. | Added | +393.0k |
| CREDIT AGRICOLE S A | Added | +345.0k |
| FLOSSBACH VON STORCH SE | New | +312.3k |
| LORD, ABBETT & CO. LLC | New | +271.6k |
| WELLS FARGO & COMPANY/MN | Added | +265.8k |
Biggest sellers
| MORGAN STANLEY | Reduced | -14.5m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -2.1m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -1.4m |
| Capital Research Global Investors | Reduced | -998.9k |
| Capital International Investors | Reduced | -906.6k |
| Winslow Capital Management, LLC | Reduced | -615.3k |
| Nuveen Asset Management, LLC | Reduced | -607.4k |
| Capital World Investors | Reduced | -563.9k |
| Sustainable Growth Advisers, LP | Reduced | -415.5k |
| AMF Tjanstepension AB | Reduced | -390.1k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $194.7m443.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $125.4m285.7k shares |
| JANE STREET GROUP, LLC | Added | $106.3m242.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $82.3m187.6k shares |
| UBS Group AG | Added | $65.6m149.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $50.1m114.2k shares |
| Twin Tree Management, LP | Reduced | $35.6m81.1k shares |
| WOLVERINE TRADING, LLC | Reduced | $29.1m66.4k shares |
| JPMORGAN CHASE & CO | Added | $25.5m58.2k shares |
| IMC-Chicago, LLC | Reduced | $24.7m56.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $188.7m430.1k shares |
| CITADEL ADVISORS LLC | Added | $142.6m325.0k shares |
| Balyasny Asset Management L.P. | Added | $70.9m161.5k shares |
| SIMPLEX TRADING, LLC | Added | $67.8m154.5k shares |
| UBS Group AG | Reduced | $58.0m132.1k shares |
| Qube Research & Technologies Ltd | Added | $55.5m126.4k shares |
| Eisler Capital (UK) Ltd. | Added | $52.3m119.3k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $50.0m113.9k shares |
| CITIGROUP INC | Reduced | $42.7m97.2k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Added | $32.5m74.0k 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.
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 2026-04-30 | 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 Q2 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 |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 3 | $26.2m | — |
| Q1 2023 | 0 | — | 1 | $1.5m | — |
| Q2 2023 | 0 | — | 4 | $23.9m | — |
| Q3 2023 | 0 | — | 3 | $20.9m | $482.6k |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 8 | $57.8m | $2.5m |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.38% of their portfolio | 44.7m $19.6bn | Added +47.3k |
| BlackRock Inc. 0.36% of their portfolio | 36.0m $15.8bn | Added +30.9k |
| STATE STREET CORP 0.38% of their portfolio | 19.7m $8.6bn | Added +17.0k |
| JPMORGAN CHASE & CO 0.31% of their portfolio | 16.3m $7.2bn | Added +1.1m |
| FMR LLC 0.38% of their portfolio | 13.6m $6.0bn | Reduced -191.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.42% of their portfolio | 10.8m $4.7bn | Added +169.6k |
| Capital International Investors 0.86% of their portfolio | 9.5m $4.2bn | Reduced -906.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.50% of their portfolio | 9.5m $4.2bn | Reduced -297.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.26% of their portfolio | 9.4m $4.1bn | Reduced -1.4m |
| Capital Research Global Investors 0.84% of their portfolio | 8.8m $3.8bn | Reduced -998.9k |
| Capital World Investors 0.62% of their portfolio | 8.7m $3.8bn | Reduced -563.9k |
| MORGAN STANLEY 0.26% of their portfolio | 7.6m $3.3bn | Reduced -14.5m |
| NORGES BANK 0.47% of their portfolio | 7.2m $3.2bn | Added +172.6k |
| Bank of New York Mellon Corp 0.59% of their portfolio | 7.1m $3.1bn | Reduced -304.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.53% of their portfolio | 6.7m $3.0bn | Reduced -41.1k |
| Nuveen Asset Management, LLC 0.70% of their portfolio | 5.4m $2.4bn | Reduced -607.4k |
| Winder Pte. Ltd. 43.63% of their portfolio | 5.1m $2.2bn | Unchanged |
| NORTHERN TRUST CORP 0.34% of their portfolio | 4.6m $2.0bn | Reduced -75.9k |
| FRANKLIN RESOURCES INC 0.60% of their portfolio | 4.5m $2.0bn | Reduced -126.8k |
| WELLS FARGO & COMPANY/MN 0.49% of their portfolio | 4.3m $1.9bn | Added +265.8k |
| GOLDMAN SACHS GROUP INC 0.35% of their portfolio | 4.1m $1.8bn | Added +679.9k |
| BANK OF AMERICA CORP /DE/ 0.16% of their portfolio | 3.7m $1.6bn | Added +189.3k |
| WCM INVESTMENT MANAGEMENT, LLC 3.60% of their portfolio | 3.5m $1.5bn | Reduced -34.6k |
| AMERIPRISE FINANCIAL INC 0.41% of their portfolio | 3.4m $1.5bn | Added +15.2k |
| Invesco Ltd. 0.31% of their portfolio | 3.4m $1.5bn | Reduced -110.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 1.34% of their portfolio | 3.1m $1.4bn | Added +218.7k |
| BARCLAYS PLC 0.61% of their portfolio | 3.0m $1.3bn | Added +406.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.25% of their portfolio | 3.0m $1.3bn | Added +62.8k |
| Legal & General Group Plc 0.33% of their portfolio | 2.6m $1.2bn | Reduced -134.5k |
| T. Rowe Price Investment Management, Inc. 0.72% of their portfolio | 2.6m $1.1bn | Added +849.3k |
| Amundi 0.43% of their portfolio | 2.6m $1.1bn | Added +227.9k |
| DEUTSCHE BANK AG\ 0.49% of their portfolio | 2.5m $1.1bn | Reduced -3.3k |
| Artisan Partners Limited Partnership 1.59% of their portfolio | 2.4m $1.0bn | Reduced -226.3k |
| PARNASSUS INVESTMENTS, LLC 2.26% of their portfolio | 2.4m $1.0bn | Reduced -42.5k |
| UBS Group AG 0.32% of their portfolio | 2.4m $1.0bn | Reduced -41.5k |
| Impax Asset Management Group plc 4.14% of their portfolio | 2.3m $1.0bn | Reduced -365.5k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 1.12% of their portfolio | 2.3m $1.0bn | Reduced -220.9k |
| NORDEA INVESTMENT MANAGEMENT AB 1.11% of their portfolio | 2.1m $943.0m | Reduced -157.5k |
| COMGEST GLOBAL INVESTORS S.A.S. 12.02% of their portfolio | 2.0m $875.4m | Added +2.5k |
| Clearbridge Investments, LLC 0.71% of their portfolio | 2.0m $874.9m | Added +160.4k |
| JANUS HENDERSON GROUP PLC 0.46% of their portfolio | 2.0m $865.0m | Added +17.8k |
| DIMENSIONAL FUND ADVISORS LP 0.21% of their portfolio | 1.9m $822.3m | Reduced -77.0k |
| ROYAL BANK OF CANADA 0.19% of their portfolio | 1.8m $769.7m | Reduced -368.1k |
| STIFEL FINANCIAL CORP 0.81% of their portfolio | 1.6m $720.0m | Reduced -11.3k |
| Swiss National Bank 0.43% of their portfolio | 1.4m $626.2m | Reduced -25.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.46% of their portfolio | 1.4m $618.9m | Reduced -57.8k |
| ALLIANCEBERNSTEIN L.P. 0.22% of their portfolio | 1.4m $617.1m | Reduced -194.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.35% of their portfolio | 1.3m $582.3m | Reduced -8.6k |
| Dodge & Cox 0.35% of their portfolio | 1.3m $582.3m | Unchanged |
| MACKENZIE FINANCIAL CORP 0.84% of their portfolio | 1.3m $562.0m | Reduced -68.6k |
| Alphinity Investment Management Pty Ltd 4.05% of their portfolio | 1.3m $550.2m | Added +155.7k |
| BROWN BROTHERS HARRIMAN & CO 4.03% of their portfolio | 1.2m $535.4m | Reduced -21.1k |
| PUBLIC INVESTMENT FUND 3.01% of their portfolio | 1.2m $530.3m | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.49% of their portfolio | 1.2m $520.7m | Added +69.2k |
| BANK OF MONTREAL /CAN/ 0.16% of their portfolio | 1.2m $515.6m | Reduced -14.3k |
| Harding Loevner LP 2.73% of their portfolio | 1.1m $493.9m | Added +240.7k |
| WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST 6.29% of their portfolio | 1.1m $491.5m | Unchanged |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 1.28% of their portfolio | 1.1m $489.7m | Reduced -165.3k |
| C WorldWide Group Holding A/S 5.12% of their portfolio | 1.1m $472.7m | Added +40.1k |
| FIL Ltd 0.45% of their portfolio | 1.0m $456.0m | Added +26.0k |
| TD Asset Management Inc 0.41% of their portfolio | 1.0m $440.3m | Reduced -10.6k |
| Swedbank AB 0.56% of their portfolio | 958.8k $420.7m | New |
| Pictet Asset Management Holding SA 0.47% of their portfolio | 930.0k $408.1m | Reduced -42.8k |
| RHUMBLINE ADVISERS 0.37% of their portfolio | 898.4k $394.2m | Reduced -16.4k |
| ProShare Advisors LLC 1.05% of their portfolio | 890.9k $390.9m | Reduced -77.5k |
| ABN AMRO Bank N.V. 5.84% of their portfolio | 870.4k $385.8m | Reduced -8.4k |
| DekaBank Deutsche Girozentrale 0.68% of their portfolio | 855.2k $375.5m | Added +10.9k |
| CIBC Private Wealth Group LLC 0.69% of their portfolio | 849.9k $370.3m | Reduced -157.7k |
| California Public Employees Retirement System 0.27% of their portfolio | 845.4k $371.0m | Reduced -270.7k |
| CITIGROUP INC 0.35% of their portfolio | 837.2k $367.4m | Added +216.6k |
| National Pension Service 0.41% of their portfolio | 822.8k $361.0m | Reduced -1.2k |
| AXA S.A. 0.53% of their portfolio | 805.7k $353.6m | Added +393.0k |
| LOOMIS SAYLES & CO L P 0.48% of their portfolio | 795.0k $348.8m | Reduced -13.5k |
| Perpetual Ltd 3.79% of their portfolio | 794.2k $348.5m | Reduced -44.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.41% of their portfolio | 768.8k $337.3m | Reduced -10.2k |
| Russell Investments Group, Ltd. 0.52% of their portfolio | 731.7k $321.1m | Reduced -41.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio | 725.4k $318.3m | Added +20.1k |
| APG Asset Management N.V. 0.52% of their portfolio | 708.5k $290.1m | Added +91.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 695.4k $305.2m | Reduced -2.1m |
| NEUBERGER BERMAN GROUP LLC 0.25% of their portfolio | 691.0k $303.2m | Added +15.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.37% of their portfolio | 686.8k $301.4m | Added +66.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.38% of their portfolio | 667.6k $292.9m | Reduced -634 |
| Allianz Asset Management GmbH 0.46% of their portfolio | 644.4k $282.8m | Reduced -218.0k |
| FIRST MANHATTAN CO. LLC. 0.87% of their portfolio | 620.8k $272.4m | Reduced -5.7k |
| HSBC HOLDINGS PLC 0.17% of their portfolio | 613.2k $270.0m | Reduced -128.2k |
| RAYMOND JAMES & ASSOCIATES 0.17% of their portfolio | 601.8k $264.1m | Added +21.8k |
| Intermede Investment Partners Ltd 5.59% of their portfolio | 574.4k $252.1m | Reduced -35.0k |
| AVIVA PLC 0.70% of their portfolio | 572.2k $251.1m | Added +106.2k |
| MARSHALL WACE, LLP 0.34% of their portfolio | 547.0k $240.0m | Added +194.8k |
| NATIXIS ADVISORS, LLC 0.52% of their portfolio | 544.4k $238.9m | Added +28.4k |
| BESSEMER GROUP INC 0.42% of their portfolio | 539.8k $236.9m | Reduced -3.8k |
| Corient Private Wealth LP 0.41% of their portfolio | 539.2k $236.6m | Reduced -3.6k |
| Rathbones Group PLC 1.28% of their portfolio | 534.4k $234.5m | Added +12.3k |
| AMERICAN CENTURY COMPANIES INC 0.14% of their portfolio | 532.0k $233.4m | Reduced -16.3k |
| Robeco Institutional Asset Management B.V. 0.50% of their portfolio | 526.9k $231.2m | Reduced -203.9k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.58% of their portfolio | 522.1k $229.1m | Added +41.6k |
| OMERS ADMINISTRATION Corp 2.14% of their portfolio | 507.2k $222.6m | Reduced -14.2k |
| Compagnie Lombard Odier SCmA 3.68% of their portfolio | 495.7k $217.5m | Added +12.0k |
| Fiera Capital Corp 0.67% of their portfolio | 494.5k $217.0m | Reduced -151.2k |
| Fayez Sarofim & Co 0.58% of their portfolio | 491.3k $215.6m | Added +51.5k |