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 ($1.3bn this quarter). Holder counts are more reliable. Shares outstanding: 462.6m as of 2026-03-31, 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 ≈ $497.12. Options: 39 managers hold calls ($944.4m notional), 38 hold puts ($1.1bn).
Trends to Q1 2026
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 |
| Q3 2024 | 1,898 |
| Q4 2024 | 1,987 |
| Q1 2025 | 2,044 |
| Q2 2025 | 2,082 |
| Q3 2025 | 2,095 |
| Q4 2025 | 2,112 |
| Q1 2026 | 2,266 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 871 | 747 |
| Q3 2024 | 873 | 767 |
| Q4 2024 | 863 | 852 |
| Q1 2025 | 1,011 | 834 |
| Q2 2025 | 1,014 | 819 |
| Q3 2025 | 1,012 | 841 |
| Q4 2025 | 854 | 1,073 |
| Q1 2026 | 1,232 | 837 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $685.0m | $696.3m | 1.02 |
| Q3 2025 | $589.1m | $868.2m | 1.47 |
| Q4 2025 | $847.5m | $838.8m | 0.99 |
| Q1 2026 | $944.4m | $1.1bn | 1.12 |
Biggest buyers
| Capital Research Global Investors | Added | +5.9m |
| UBS Group AG | Added | +1.1m |
| Egerton Capital (UK) LLP | New | +1.1m |
| JONES FINANCIAL COMPANIES LLLP | Added | +795.7k |
| FRANKLIN RESOURCES INC | Added | +732.3k |
| AGF MANAGEMENT LTD | Added | +710.9k |
| GOLDMAN SACHS GROUP INC | Added | +697.2k |
| AMERIPRISE FINANCIAL INC | Added | +503.4k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +502.5k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +479.2k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -2.6m |
| Capital International Investors | Reduced | -2.2m |
| FMR LLC | Reduced | -1.7m |
| Corient Private Wealth LP | Reduced | -1.5m |
| J. Stern & Co. LLP | Reduced | -1.3m |
| Invesco Ltd. | Reduced | -893.6k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -853.6k |
| Qube Research & Technologies Ltd | Reduced | -817.4k |
| CITADEL ADVISORS LLC | Reduced | -817.1k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -804.4k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $174.3m351.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $124.9m251.9k shares |
| JANE STREET GROUP, LLC | Added | $106.8m215.4k shares |
| ROYAL BANK OF CANADA | New | $78.3m158.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $77.2m1.6k shares |
| IMC-Chicago, LLC | Reduced | $50.3m101.5k shares |
| IFM Investors Pty Ltd | New | $47.0m94.9k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $32.2m65.0k shares |
| JPMORGAN CHASE & CO | Added | $31.0m62.0k shares |
| PEAK6 LLC | New | $28.2m56.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $208.2m420.0k shares |
| CITIGROUP INC | Added | $124.5m251.2k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $122.7m247.5k shares |
| CITADEL ADVISORS LLC | Reduced | $108.1m218.0k shares |
| GOLDMAN SACHS GROUP INC | Added | $90.2m181.9k shares |
| JANE STREET GROUP, LLC | Added | $59.9m120.8k shares |
| IMC-Chicago, LLC | Added | $56.8m114.5k shares |
| UBS Group AG | Reduced | $44.8m90.3k shares |
| JPMORGAN CHASE & CO | Added | $42.7m85.5k shares |
| Allianz Asset Management GmbH | Added | $33.3m67.1k 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 Q1 2026
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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 3 | $7.0m | — |
| Q4 2024 | 1 | $44.1k | 2 | $3.0m | — |
| Q1 2025 | 0 | — | 5 | $8.5m | $2.2m |
| Q2 2025 | 0 | — | 2 | $4.2m | — |
| Q3 2025 | 0 | — | 1 | $23.8m | — |
| Q4 2025 | 1 | $999.6k | 0 | — | — |
| Q1 2026 | 0 | — | 3 | $10.3m | $2.1m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-10 | Durbin Sean EVP, Chief Operating Officer | Sold | $3.1m6.5k shares |
| 2026-03-10 | Bichara Guillermo Exec VP & Chief Legal Officer | Sold plan | $2.1m4.4k shares |
| 2026-02-24 | Patwari Binod Senior Vice President - APAC | Sold | $502.3k999 shares |
| 2026-02-17 | Bichara Guillermo Exec VP & Chief Legal Officer | Sold | $4.5m9.5k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.32% of their portfolio | 36.9m $18.3bn | Reduced -273.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.37% of their portfolio | 30.2m $15.0bn | First filing |
| STATE STREET CORP 0.34% of their portfolio | 19.6m $9.7bn | Added +268.3k |
| Capital Research Global Investors 1.23% of their portfolio | 16.1m $8.0bn | Added +5.9m |
| Invesco Ltd. 0.73% of their portfolio | 15.0m $7.4bn | Reduced -893.6k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.32% of their portfolio | 12.3m $6.1bn | First filing |
| GEODE CAPITAL MANAGEMENT, LLC 0.37% of their portfolio | 11.8m $5.9bn | Added +479.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.56% of their portfolio | 9.8m $4.9bn | Added +62.1k |
| FMR LLC 0.24% of their portfolio | 9.0m $4.5bn | Reduced -1.7m |
| MORGAN STANLEY 0.22% of their portfolio | 7.4m $3.6bn | Added +271.7k |
| JPMORGAN CHASE & CO 0.21% of their portfolio | 6.3m $3.1bn | Reduced -2.6m |
| Capital International Investors 0.63% of their portfolio | 5.4m $2.7bn | Reduced -2.2m |
| WELLINGTON MANAGEMENT GROUP LLP 0.48% of their portfolio | 5.2m $2.6bn | Reduced -35.1k |
| Bank of New York Mellon Corp 0.47% of their portfolio | 5.1m $2.5bn | Reduced -240.1k |
| Freemont Capital Pte Ltd 51.34% of their portfolio | 5.1m $2.5bn | Unchanged |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.02% of their portfolio | 4.8m $3.0bn | Reduced -358.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.46% of their portfolio | 4.5m $2.2bn | Added +291.3k |
| NORTHERN TRUST CORP 0.29% of their portfolio | 4.5m $2.2bn | Added +2.5k |
| FRANKLIN RESOURCES INC 0.54% of their portfolio | 4.4m $2.2bn | Added +732.3k |
| Nuveen, LLC 0.55% of their portfolio | 4.1m $2.0bn | Added +324.2k |
| GOLDMAN SACHS GROUP INC 0.26% of their portfolio | 3.9m $1.9bn | Added +697.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.29% of their portfolio | 3.9m $1.9bn | Added +97.0k |
| WELLS FARGO & COMPANY/MN 0.37% of their portfolio | 3.8m $1.9bn | Reduced -7.2k |
| AMERIPRISE FINANCIAL INC 0.43% of their portfolio | 3.7m $1.8bn | Added +503.4k |
| DEUTSCHE BANK AG\ 0.60% of their portfolio | 3.6m $1.8bn | Reduced -303.6k |
| UBS Group AG 0.30% of their portfolio | 3.4m $1.7bn | Added +1.1m |
| BANK OF AMERICA CORP /DE/ 0.12% of their portfolio | 3.4m $1.7bn | Reduced -413.2k |
| WCM INVESTMENT MANAGEMENT, LLC 3.69% of their portfolio | 3.2m $1.6bn | Reduced -39.1k |
| Amundi 0.43% of their portfolio | 3.2m $1.6bn | Added +373.0k |
| Legal & General Group Plc 0.33% of their portfolio | 2.9m $1.4bn | Reduced -19.2k |
| DIMENSIONAL FUND ADVISORS LP 0.28% of their portfolio | 2.7m $1.4bn | Added +64.1k |
| Clearbridge Investments, LLC 1.15% of their portfolio | 2.7m $1.3bn | Added +195.0k |
| VANGUARD FIDUCIARY TRUST CO 0.33% of their portfolio | 2.6m $1.3bn | First filing |
| SG Americas Securities, LLC 1.20% of their portfolio | 2.2m $1.1bn | Reduced -223.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.66% of their portfolio | 2.1m $1.0bn | Added +269.8k |
| FIL Ltd 0.79% of their portfolio | 2.0m $1.0bn | Added +433.7k |
| BARCLAYS PLC 0.34% of their portfolio | 1.9m $945.2m | Reduced -184.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.87% of their portfolio | 1.9m $936.3m | Reduced -236.9k |
| ROYAL BANK OF CANADA 0.17% of their portfolio | 1.8m $905.1m | Reduced -424.9k |
| Impax Asset Management Group plc 5.92% of their portfolio | 1.7m $848.6m | Reduced -130.2k |
| PARNASSUS INVESTMENTS, LLC 2.47% of their portfolio | 1.7m $842.5m | Reduced -119.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.44% of their portfolio | 1.6m $805.5m | Added +361.7k |
| Capital World Investors 0.10% of their portfolio | 1.5m $755.1m | Added +2.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.44% of their portfolio | 1.4m $687.0m | Reduced -94.3k |
| Swiss National Bank 0.39% of their portfolio | 1.4m $679.4m | Added +85.4k |
| ALLIANCEBERNSTEIN L.P. 0.19% of their portfolio | 1.4m $584.2m | Added +435.3k |
| Dodge & Cox 0.36% of their portfolio | 1.3m $657.7m | Reduced -3.0k |
| CIBC Bancorp USA Inc. 0.85% of their portfolio | 1.3m $631.7m | First filing |
| NEUBERGER BERMAN GROUP LLC 0.47% of their portfolio | 1.2m $619.5m | Reduced -22.7k |
| National Pension Service 0.45% of their portfolio | 1.2m $594.7m | Added +1.1k |
| Rathbones Group PLC 1.20% of their portfolio | 1.2m $580.7m | Reduced -45.0k |
| WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST 6.86% of their portfolio | 1.1m $555.3m | Unchanged |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.37% of their portfolio | 1.1m $550.7m | Added +71.1k |
| HSBC HOLDINGS PLC 0.32% of their portfolio | 1.1m $544.0m | Added +261.2k |
| Pictet Asset Management Holding SA 0.56% of their portfolio | 1.1m $533.4m | Reduced -314.3k |
| Egerton Capital (UK) LLP 5.88% of their portfolio | 1.1m $529.7m | New |
| BANK OF MONTREAL /CAN/ 0.21% of their portfolio | 1.0m $516.0m | Added +105.4k |
| ProShare Advisors LLC 0.76% of their portfolio | 1.0m $515.3m | Reduced -135.4k |
| NATIXIS ADVISORS, LLC 0.71% of their portfolio | 1.0m $512.6m | Added +308.2k |
| RAYMOND JAMES FINANCIAL INC 0.16% of their portfolio | 1.0m $509.9m | Added +278.6k |
| Vanguard Global Advisers, LLC 0.27% of their portfolio | 1.0m $506.6m | First filing |
| MACKENZIE FINANCIAL CORP 0.59% of their portfolio | 983.5k $487.6m | Added +18.6k |
| Swedbank AB 0.51% of their portfolio | 972.9k $482.3m | Reduced -171.9k |
| JONES FINANCIAL COMPANIES LLLP 0.22% of their portfolio | 946.5k $465.0m | Added +795.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.12% of their portfolio | 934.1k $463.1m | Added +112.9k |
| Artisan Partners Limited Partnership 0.75% of their portfolio | 922.0k $457.1m | Added +206.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.24% of their portfolio | 912.1k $452.2m | Reduced -109.8k |
| AMF Tjanstepension AB 2.99% of their portfolio | 908.5k $450.4m | Added +12.3k |
| AGF MANAGEMENT LTD 2.01% of their portfolio | 906.5k $449.4m | Added +710.9k |
| PRIMECAP MANAGEMENT CO/CA/ 0.35% of their portfolio | 888.5k $440.5m | Reduced -100 |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.74% of their portfolio | 868.4k $430.5m | Added +26.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.28% of their portfolio | 850.9k $421.8m | Reduced -377.8k |
| DekaBank Deutsche Girozentrale 0.72% of their portfolio | 849.3k $434.3m | Unchanged |
| FLOSSBACH VON STORCH SE 1.90% of their portfolio | 822.3k $407.6m | Reduced -263.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.35% of their portfolio | 818.2k $405.6m | First filing |
| California Public Employees Retirement System 0.25% of their portfolio | 816.5k $404.8m | Reduced -122.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.47% of their portfolio | 813.9k $403.4m | Added +364.7k |
| RHUMBLINE ADVISERS 0.34% of their portfolio | 793.5k $393.4m | Reduced -11.5k |
| Russell Investments Group, Ltd. 0.42% of their portfolio | 784.6k $389.1m | Reduced -1.8k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.35% of their portfolio | 769.6k $381.5m | Reduced -853.6k |
| Fiera Capital Corp 1.28% of their portfolio | 756.9k $375.2m | Added +337.7k |
| 1832 Asset Management L.P. 0.50% of their portfolio | 755.3k $374.5m | Added +282.9k |
| Bank Julius Baer & Co. Ltd, Zurich 1.12% of their portfolio | 749.9k $372.1m | Reduced -91.3k |
| CAISSE DES DEPOTS ET CONSIGNATIONS 6.07% of their portfolio | 742.3k $368.0m | Added +3.5k |
| BROWN BROTHERS HARRIMAN & CO 1.92% of their portfolio | 723.7k $358.8m | Reduced -2.5k |
| FIRST MANHATTAN CO. LLC. 0.98% of their portfolio | 712.6k $353.3m | Reduced -8.8k |
| Corient Private Wealth LP 0.48% of their portfolio | 696.8k $337.8m | Reduced -1.5m |
| C WorldWide Group Holding A/S 7.04% of their portfolio | 661.7k $328.0m | Reduced -42.8k |
| LAZARD ASSET MANAGEMENT LLC 0.53% of their portfolio | 654.9k $324.8m | Added +9.5k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 1.04% of their portfolio | 636.3k $315.5m | Reduced -7.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.49% of their portfolio | 629.8k $312.2m | Added +502.5k |
| CITIGROUP INC 0.20% of their portfolio | 628.2k $311.4m | Added +2.8k |
| AVIVA PLC 0.51% of their portfolio | 610.3k $302.6m | Reduced -17.5k |
| DANSKE BANK A/S 0.69% of their portfolio | 574.4k $284.8m | Added +4.6k |
| FIRST TRUST ADVISORS LP 0.20% of their portfolio | 570.3k $282.7m | Added +33.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.18% of their portfolio | 568.4k $281.8m | Added +179.4k |
| Unisphere Establishment 2.35% of their portfolio | 562.5k $278.9m | Reduced -9.1k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.58% of their portfolio | 559.4k $277.3m | Reduced -48.4k |
| STIFEL FINANCIAL CORP 0.25% of their portfolio | 556.8k $276.1m | Added +1.5k |
| AQR CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 548.0k $271.7m | Added +295.5k |