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 ($1.2bn this quarter). Holder counts are more reliable. Shares outstanding: 461.0m as of 2026-06-30, 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 ≈ $520.34. Options: 33 managers hold calls ($1.0bn notional), 31 hold puts ($2.0bn).
Trends to Q2 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 |
| Q2 2026 | 2,318 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 1,192 | 892 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $589.1m | $868.2m | 1.47 |
| Q4 2025 | $847.5m | $838.8m | 0.99 |
| Q1 2026 | $944.4m | $1.1bn | 1.12 |
| Q2 2026 | $1.0bn | $2.0bn | 1.93 |
Biggest buyers
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +2.0m |
| LONE PINE CAPITAL LLC | New | +1.6m |
| Capital Research Global Investors | Added | +1.4m |
| PineStone Asset Management Inc. | New | +769.8k |
| STATE STREET CORP | Added | +719.1k |
| Employees Provident Fund Board | New | +653.5k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +502.9k |
| Vontobel Holding Ltd. | Added | +489.0k |
| BlackRock, Inc. | Added | +429.6k |
| BANK OF AMERICA CORP /DE/ | Added | +420.9k |
Biggest sellers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -3.4m |
| SG Americas Securities, LLC | Reduced | -1.1m |
| Capital International Investors | Reduced | -1.0m |
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -802.7k |
| Egerton Capital (UK) LLP | Reduced | -767.5k |
| FMR LLC | Reduced | -680.8k |
| Rathbones Group PLC | Reduced | -625.5k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -624.7k |
| Amundi | Reduced | -544.1k |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -431.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $224.7m433.0k shares |
| JANE STREET GROUP, LLC | Added | $157.6m303.6k shares |
| CITADEL ADVISORS LLC | Reduced | $152.5m293.9k shares |
| ROYAL BANK OF CANADA | Added | $96.5m186.0k shares |
| GOLDMAN SACHS GROUP INC | Added | $51.5m99.2k shares |
| IMC-Chicago, LLC | Reduced | $44.6m86.0k shares |
| JPMORGAN CHASE & CO | Added | $42.6m83.4k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $30.9m59.6k shares |
| D. E. Shaw & Co., Inc. | Added | $26.0m50.1k shares |
| PEAK6 LLC | Reduced | $23.2m44.7k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $654.0m1.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $415.2m800.1k shares |
| CITIGROUP INC | Added | $160.0m308.3k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $141.2m272.1k shares |
| Capula Management Ltd | Added | $103.8m200.1k shares |
| CITADEL ADVISORS LLC | Reduced | $96.8m186.6k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $82.8m159.5k shares |
| IMC-Chicago, LLC | Added | $64.5m124.2k shares |
| JPMORGAN CHASE & CO | Reduced | $42.0m82.2k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $33.0m63.6k 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2026 | 0 | — | 1 | $2.6m | — |
| Q3 2026 | 1 | $47.9k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-18 | Reynolds Paula Rosput Director | Bought | $47.9k100 shares |
| 2026-05-15 | WOOD ROBERT L Director | Sold | $2.2m4.3k shares |
| 2026-05-14 | WOOD ROBERT L Director | Sold | $447.7k880 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.29% of their portfolio | 37.3m $19.4bn | Added +429.6k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.33% of their portfolio | 30.2m $15.7bn | Reduced -24.5k |
| STATE STREET CORP 0.31% of their portfolio | 20.3m $10.6bn | Added +719.1k |
| Capital Research Global Investors 1.26% of their portfolio | 17.4m $9.0bn | Added +1.4m |
| Invesco Ltd. 0.63% of their portfolio | 15.3m $8.0bn | Added +322.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.29% of their portfolio | 12.5m $6.5bn | Added +177.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.33% of their portfolio | 11.9m $6.2bn | Added +110.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.61% of their portfolio | 11.8m $6.1bn | Added +2.0m |
| FMR LLC 0.19% of their portfolio | 8.3m $4.3bn | Reduced -680.8k |
| MORGAN STANLEY 0.20% of their portfolio | 7.4m $3.8bn | Added +18.7k |
| NORGES BANK 0.34% of their portfolio | 6.6m $3.4bn | Not comparable |
| JPMORGAN CHASE & CO 0.20% of their portfolio | 6.5m $3.3bn | Added +286.5k |
| Freemont Capital Pte Ltd 53.83% of their portfolio | 5.1m $2.6bn | Unchanged |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.03% of their portfolio | 4.9m $3.3bn | Added +165.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.43% of their portfolio | 4.8m $2.5bn | Reduced -337.3k |
| Bank of New York Mellon Corp 0.40% of their portfolio | 4.7m $2.5bn | Reduced -368.3k |
| FRANKLIN RESOURCES INC 0.52% of their portfolio | 4.6m $2.4bn | Added +199.1k |
| Capital International Investors 0.48% of their portfolio | 4.4m $2.3bn | Reduced -1.0m |
| NORTHERN TRUST CORP 0.27% of their portfolio | 4.4m $2.3bn | Reduced -71.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.28% of their portfolio | 4.1m $2.1bn | Added +213.9k |
| Nuveen, LLC 0.50% of their portfolio | 4.0m $2.1bn | Reduced -63.9k |
| WELLS FARGO & COMPANY/MN 0.35% of their portfolio | 3.8m $2.0bn | Added +43.4k |
| BANK OF AMERICA CORP /DE/ 0.13% of their portfolio | 3.8m $2.0bn | Added +420.9k |
| AMERIPRISE FINANCIAL INC 0.40% of their portfolio | 3.8m $2.0bn | Added +99.7k |
| DEUTSCHE BANK AG\ 0.55% of their portfolio | 3.7m $1.9bn | Added +35.8k |
| GOLDMAN SACHS GROUP INC 0.20% of their portfolio | 3.6m $1.9bn | Reduced -274.4k |
| WCM INVESTMENT MANAGEMENT, LLC 2.96% of their portfolio | 3.2m $1.6bn | Reduced -43.9k |
| UBS Group AG 0.26% of their portfolio | 3.1m $1.6bn | Reduced -307.7k |
| Legal & General Group Plc 0.31% of their portfolio | 2.9m $1.5bn | Reduced -36.9k |
| DIMENSIONAL FUND ADVISORS LP 0.26% of their portfolio | 2.8m $1.5bn | Added +68.7k |
| Amundi 0.33% of their portfolio | 2.6m $1.4bn | Reduced -544.1k |
| VANGUARD FIDUCIARY TRUST CO 0.30% of their portfolio | 2.6m $1.3bn | Reduced -29.8k |
| Clearbridge Investments, LLC 1.07% of their portfolio | 2.5m $1.3bn | Reduced -186.5k |
| FIL Ltd 0.84% of their portfolio | 2.2m $1.2bn | Added +202.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.42% of their portfolio | 1.8m $957.3m | Added +220.0k |
| ROYAL BANK OF CANADA 0.16% of their portfolio | 1.8m $918.0m | Reduced -56.6k |
| BARCLAYS PLC 0.27% of their portfolio | 1.7m $862.2m | Reduced -245.1k |
| Capital World Investors 0.10% of their portfolio | 1.6m $846.3m | Added +108.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.47% of their portfolio | 1.6m $843.8m | Reduced -431.8k |
| PARNASSUS INVESTMENTS, LLC 2.20% of their portfolio | 1.6m $823.2m | Reduced -113.1k |
| LONE PINE CAPITAL LLC 4.94% of their portfolio | 1.6m $808.6m | New |
| Impax Asset Management Group plc 4.79% of their portfolio | 1.4m $736.6m | Reduced -292.4k |
| ALLIANCEBERNSTEIN L.P. 0.23% of their portfolio | 1.4m $702.0m | Added +45.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.41% of their portfolio | 1.4m $714.6m | Reduced -8.8k |
| Dodge & Cox 0.36% of their portfolio | 1.3m $688.4m | Unchanged |
| Swiss National Bank 0.35% of their portfolio | 1.3m $678.2m | Reduced -63.4k |
| NEUBERGER BERMAN GROUP LLC 0.44% of their portfolio | 1.3m $661.2m | Added +25.1k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.52% of their portfolio | 1.3m $660.4m | Added +502.9k |
| National Pension Service 0.40% of their portfolio | 1.2m $623.7m | Added +2.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.34% of their portfolio | 1.2m $616.9m | Added +77.9k |
| HSBC HOLDINGS PLC 0.29% of their portfolio | 1.2m $610.9m | Added +79.4k |
| NATIXIS ADVISORS, LLC 0.66% of their portfolio | 1.1m $585.0m | Added +93.3k |
| WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST 6.45% of their portfolio | 1.1m $581.2m | Unchanged |
| SG Americas Securities, LLC 0.33% of their portfolio | 1.1m $576.8m | Reduced -1.1m |
| BANK OF MONTREAL /CAN/ 0.21% of their portfolio | 1.1m $575.9m | Added +68.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.10% of their portfolio | 1.1m $566.8m | Reduced -3.4m |
| NORDEA INVESTMENT MANAGEMENT AB 0.46% of their portfolio | 1.1m $561.9m | Reduced -802.7k |
| RAYMOND JAMES FINANCIAL INC 0.15% of their portfolio | 1.1m $561.5m | Added +54.4k |
| CIBC Bancorp USA Inc. 0.68% of their portfolio | 1.1m $549.9m | Reduced -215.0k |
| JONES FINANCIAL COMPANIES LLLP 0.22% of their portfolio | 1.0m $540.6m | Added +93.9k |
| Pictet Asset Management Holding SA 0.51% of their portfolio | 1.0m $529.7m | Reduced -55.2k |
| Swedbank AB 0.45% of their portfolio | 1,000.0k $518.9m | Added +27.0k |
| Vanguard Global Advisers, LLC 0.24% of their portfolio | 997.9k $517.8m | Reduced -23.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.26% of their portfolio | 947.6k $491.7m | Added +96.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio | 926.9k $481.0m | Reduced -7.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.32% of their portfolio | 901.2k $467.6m | Added +83.0k |
| AMF Tjanstepension AB 2.74% of their portfolio | 890.9k $462.3m | Reduced -17.5k |
| AGF MANAGEMENT LTD 1.79% of their portfolio | 888.0k $460.8m | Reduced -18.5k |
| PRIMECAP MANAGEMENT CO/CA/ 0.27% of their portfolio | 886.9k $460.3m | Reduced -1.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.22% of their portfolio | 856.4k $444.4m | Reduced -55.7k |
| DekaBank Deutsche Girozentrale 0.72% of their portfolio | 849.3k $425.5m | Unchanged |
| FLOSSBACH VON STORCH SE 1.98% of their portfolio | 845.0k $438.5m | Added +22.8k |
| MACKENZIE FINANCIAL CORP 0.43% of their portfolio | 842.9k $437.4m | Reduced -140.6k |
| CITIGROUP INC 0.20% of their portfolio | 841.8k $436.8m | Added +213.6k |
| ProShare Advisors LLC 0.62% of their portfolio | 832.8k $432.2m | Reduced -206.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.65% of their portfolio | 818.0k $424.4m | Reduced -50.4k |
| California Public Employees Retirement System 0.24% of their portfolio | 813.5k $422.2m | Reduced -3.0k |
| RHUMBLINE ADVISERS 0.31% of their portfolio | 780.9k $405.2m | Reduced -12.6k |
| Vontobel Holding Ltd. 1.34% of their portfolio | 772.6k $400.9m | Added +489.0k |
| PineStone Asset Management Inc. 2.47% of their portfolio | 769.8k $399.5m | New |
| CAISSE DES DEPOTS ET CONSIGNATIONS 6.52% of their portfolio | 742.3k $385.2m | Unchanged |
| Russell Investments Group, Ltd. 0.33% of their portfolio | 732.9k $380.2m | Reduced -51.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.34% of their portfolio | 704.7k $365.7m | Added +162.9k |
| BROWN BROTHERS HARRIMAN & CO 1.59% of their portfolio | 696.7k $361.5m | Reduced -27.0k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.35% of their portfolio | 681.3k $353.5m | Reduced -132.6k |
| Fiera Capital Corp 1.28% of their portfolio | 680.5k $353.1m | Reduced -76.4k |
| FIRST MANHATTAN CO. LLC. 0.90% of their portfolio | 678.3k $352.0m | Reduced -34.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.20% of their portfolio | 673.5k $349.5m | Added +105.1k |
| Employees Provident Fund Board 1.95% of their portfolio | 653.5k $339.1m | New |
| LAZARD ASSET MANAGEMENT LLC 0.50% of their portfolio | 633.6k $328.8m | Reduced -21.3k |
| Corient Private Wealth LP 0.45% of their portfolio | 629.5k $326.7m | Reduced -67.3k |
| AVIVA PLC 0.47% of their portfolio | 613.7k $318.5m | Added +3.4k |
| Artisan Partners Limited Partnership 0.51% of their portfolio | 601.1k $311.9m | Reduced -320.9k |
| DANSKE BANK A/S 0.62% of their portfolio | 599.0k $310.8m | Added +24.5k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.56% of their portfolio | 587.6k $304.9m | Added +28.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.26% of their portfolio | 576.9k $299.4m | Added +54.3k |
| C WorldWide Group Holding A/S 7.18% of their portfolio | 573.9k $297.8m | Reduced -87.7k |
| Unisphere Establishment 2.49% of their portfolio | 562.5k $291.9m | Unchanged |
| STIFEL FINANCIAL CORP 0.24% of their portfolio | 550.2k $285.5m | Reduced -6.6k |
| Rathbones Group PLC 1.04% of their portfolio | 545.8k $283.3m | Reduced -625.5k |