MEDTRONIC PLC MDT
SHS · Common Stock · CUSIP G5960L103
Medical device company
- SectorHealth care
- IndustryElectromedical & Electrotherapeutic Apparatus
- HeadquartersIreland, Ireland
- Founded1949
- Websitemedtronic.com
- FilingsSEC EDGAR
* 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 ($399.4m this quarter). Holder counts are more reliable. Shares outstanding: 1.3bn as of 2025-11-19, 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 ≈ $96.08. Options: 44 managers hold calls ($1.1bn notional), 40 hold puts ($634.5m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,918 |
| Q4 2022 | 1,950 |
| Q1 2023 | 1,980 |
| Q2 2023 | 2,044 |
| Q3 2023 | 1,963 |
| Q4 2023 | 2,068 |
| Q1 2024 | 2,067 |
| Q2 2024 | 2,020 |
| Q3 2024 | 2,060 |
| Q4 2024 | 2,119 |
| Q1 2025 | 2,169 |
| Q2 2025 | 2,141 |
| Q3 2025 | 2,174 |
| Q4 2025 | 2,308 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 1,071 | 873 |
| Q2 2024 | 926 | 998 |
| Q3 2024 | 907 | 1,020 |
| Q4 2024 | 879 | 1,040 |
| Q1 2025 | 1,120 | 925 |
| Q2 2025 | 992 | 1,023 |
| Q3 2025 | 1,090 | 942 |
| Q4 2025 | 1,035 | 989 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $1.0bn | $1.0bn | 0.99 |
| Q2 2025 | $1.0bn | $869.9m | 0.84 |
| Q3 2025 | $953.3m | $644.6m | 0.68 |
| Q4 2025 | $1.1bn | $634.5m | 0.58 |
Biggest buyers
| Capital Research Global Investors | Added | +3.9m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +3.2m |
| SG Americas Securities, LLC | Added | +2.4m |
| BANK OF MONTREAL /CAN/ | Added | +2.0m |
| VANGUARD GROUP INC | Added | +1.9m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.8m |
| BESSEMER GROUP INC | Added | +1.5m |
| CITADEL ADVISORS LLC | Added | +1.5m |
| Qube Research & Technologies Ltd | Added | +1.5m |
| BNP PARIBAS FINANCIAL MARKETS | Added | +1.4m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -50.8m |
| UBS Group AG | Reduced | -7.0m |
| BARCLAYS PLC | Reduced | -4.6m |
| PZENA INVESTMENT MANAGEMENT LLC | Reduced | -2.7m |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -2.6m |
| Bank of New York Mellon Corp | Reduced | -2.4m |
| GOLDMAN SACHS GROUP INC | Reduced | -2.3m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.8m |
| Lombard Odier Asset Management (Europe) Ltd | Sold out | -1.5m |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Reduced | -1.0m |
Biggest calls
| PEAK6 LLC | Added | $293.3m3.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $146.2m1.5m shares |
| JANE STREET GROUP, LLC | Reduced | $132.1m1.4m shares |
| CITADEL ADVISORS LLC | Added | $103.9m1.1m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $98.4m1.0m shares |
| Walleye Capital LLC | Added | $42.2m439.3k shares |
| IMC-Chicago, LLC | Added | $29.6m308.3k shares |
| GROUP ONE TRADING LLC | Added | $25.4m264.1k shares |
| GOLDMAN SACHS GROUP INC | Added | $23.8m247.4k shares |
| UBS Group AG | Reduced | $23.3m242.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $135.9m1.4m shares |
| JANE STREET GROUP, LLC | Reduced | $96.6m1.0m shares |
| CITADEL ADVISORS LLC | Added | $85.5m889.9k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $58.0m604.2k shares |
| CITIGROUP INC | Unchanged | $28.3m295.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $26.0m2.7k shares |
| IMC-Chicago, LLC | Added | $25.0m260.0k shares |
| UBS Group AG | Reduced | $21.9m228.2k shares |
| Balyasny Asset Management L.P. | Reduced | $16.1m167.9k shares |
| PEAK6 LLC | Added | $15.3m158.8k 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% |
| BlackRock, Inc. 13G · institution filed 2025-04-23 | 6.9% |
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 Q4 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 |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 1 | $2.6m | — |
| Q2 2024 | 0 | — | 2 | $1.7m | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 1 | $1.9m | $1.9m |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 1 | $462.8k | 1 | $788.0k | — |
| Q4 2025 | 0 | — | 1 | $3.1m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-11-19 | Smith Gregory L EVP Global Ops & Supply Chain | Sold | $3.1m30.0k 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.18% of their portfolio | 129.0m $12.4bn | Added +1.9m |
| BlackRock, Inc. 0.20% of their portfolio | 120.5m $11.6bn | Added +969.1k |
| STATE STREET CORP 0.20% of their portfolio | 61.7m $6.0bn | Added +1.2m |
| JPMORGAN CHASE & CO 0.35% of their portfolio | 53.6m $5.2bn | Reduced -50.8m |
| Capital Research Global Investors 0.61% of their portfolio | 34.6m $3.3bn | Added +3.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.16% of their portfolio | 27.9m $2.7bn | Added +231.9k |
| BANK OF AMERICA CORP /DE/ 0.17% of their portfolio | 24.7m $2.4bn | Added +424.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.65% of their portfolio | 20.9m $2.0bn | Reduced -138.5k |
| MORGAN STANLEY 0.12% of their portfolio | 20.2m $1.9bn | Reduced -9.7k |
| Bank of New York Mellon Corp 0.32% of their portfolio | 19.1m $1.8bn | Reduced -2.4m |
| DEUTSCHE BANK AG\ 0.56% of their portfolio | 17.7m $1.7bn | Added +11.5k |
| NORGES BANK 0.18% of their portfolio | 17.2m $1.7bn | Not comparable |
| Invesco Ltd. 0.15% of their portfolio | 16.2m $1.6bn | Added +27.6k |
| ROYAL BANK OF CANADA 0.24% of their portfolio | 14.0m $1.3bn | Reduced -248.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.22% of their portfolio | 13.4m $1.3bn | Added +3.2m |
| FRANKLIN RESOURCES INC 0.29% of their portfolio | 12.3m $1.2bn | Added +775.2k |
| AMERIPRISE FINANCIAL INC 0.26% of their portfolio | 12.0m $1.2bn | Reduced -539.6k |
| NORTHERN TRUST CORP 0.14% of their portfolio | 11.5m $1.1bn | Reduced -658.0k |
| RAYMOND JAMES FINANCIAL INC 0.34% of their portfolio | 11.3m $1.1bn | Added +49.7k |
| Legal & General Group Plc 0.22% of their portfolio | 10.2m $978.1m | Added +698.2k |
| First Eagle Investment Management, LLC 1.65% of their portfolio | 9.8m $939.0m | Added +40.2k |
| ALLIANCEBERNSTEIN L.P. 0.28% of their portfolio | 9.2m $884.2m | Added +1.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.18% of their portfolio | 8.9m $856.2m | Added +279.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.62% of their portfolio | 8.5m $813.5m | Added +939.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.12% of their portfolio | 8.3m $798.4m | Added +135.2k |
| Dodge & Cox 0.40% of their portfolio | 7.7m $743.3m | Added +13.0k |
| DIMENSIONAL FUND ADVISORS LP 0.15% of their portfolio | 7.4m $711.2m | Added +23.3k |
| WELLS FARGO & COMPANY/MN 0.13% of their portfolio | 7.0m $676.2m | Added +106.5k |
| Capital World Investors 0.09% of their portfolio | 7.0m $675.9m | Added +456.8k |
| Aristotle Capital Management, LLC 1.33% of their portfolio | 6.9m $665.7m | Reduced -356.5k |
| Boston Partners 0.67% of their portfolio | 6.7m $647.2m | Reduced -230.1k |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 5.9m $563.9m | Reduced -2.3m |
| STIFEL FINANCIAL CORP 0.51% of their portfolio | 5.9m $563.7m | Reduced -243.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 5.8m $555.0m | Reduced -146.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.42% of their portfolio | 5.4m $514.0m | Added +91.0k |
| CITADEL ADVISORS LLC 0.34% of their portfolio | 5.2m $502.3m | Added +1.5m |
| ENVESTNET ASSET MANAGEMENT INC 0.15% of their portfolio | 5.2m $497.0m | Reduced -521.2k |
| AMERICAN CENTURY COMPANIES INC 0.23% of their portfolio | 4.9m $466.3m | Reduced -949.3k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.39% of their portfolio | 4.8m $463.1m | Reduced -1.0m |
| California Public Employees Retirement System 0.26% of their portfolio | 4.8m $460.1m | Reduced -311.6k |
| Beutel, Goodman & Co Ltd. 2.79% of their portfolio | 4.7m $454.5m | Reduced -33.5k |
| Amundi 0.12% of their portfolio | 4.5m $427.8m | Added +441.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.24% of their portfolio | 4.2m $406.9m | Added +1.8m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.34% of their portfolio | 4.2m $401.1m | Reduced -223.4k |
| UBS Group AG 0.08% of their portfolio | 4.2m $400.7m | Reduced -7.0m |
| BANK OF MONTREAL /CAN/ 0.16% of their portfolio | 4.1m $394.1m | Added +2.0m |
| BESSEMER GROUP INC 0.60% of their portfolio | 4.1m $391.5m | Added +1.5m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.27% of their portfolio | 3.6m $347.9m | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.26% of their portfolio | 3.6m $343.5m | Added +93.3k |
| Swiss National Bank 0.20% of their portfolio | 3.5m $337.6m | Reduced -178.4k |
| LAZARD ASSET MANAGEMENT LLC 0.56% of their portfolio | 3.4m $327.7m | Reduced -2.6m |
| PZENA INVESTMENT MANAGEMENT LLC 0.93% of their portfolio | 3.2m $309.2m | Reduced -2.7m |
| Sumitomo Mitsui Trust Group, Inc. 0.18% of their portfolio | 3.2m $305.7m | Reduced -29.2k |
| JANUS HENDERSON GROUP PLC 0.13% of their portfolio | 3.1m $299.2m | Reduced -438.0k |
| AQR CAPITAL MANAGEMENT LLC 0.15% of their portfolio | 3.1m $294.8m | Reduced -260.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.18% of their portfolio | 3.0m $287.4m | Added +1.4m |
| National Pension Service 0.21% of their portfolio | 3.0m $286.5m | Added +28.3k |
| MILLENNIUM MANAGEMENT LLC 0.21% of their portfolio | 3.0m $285.8m | Reduced -1.8m |
| Nuveen, LLC 0.07% of their portfolio | 2.9m $274.7m | Reduced -9.5k |
| Guinness Asset Management LTD 4.44% of their portfolio | 2.9m $274.0m | Reduced -75.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.18% of their portfolio | 2.8m $264.8m | Added +125.4k |
| NATIXIS ADVISORS, LLC 0.37% of their portfolio | 2.7m $259.0m | Added +78.0k |
| VAN ECK ASSOCIATES CORP 0.21% of their portfolio | 2.6m $250.8m | Added +3.5k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 1.33% of their portfolio | 2.6m $250.3m | Added +43.7k |
| Aberdeen Group plc 0.38% of their portfolio | 2.6m $247.5m | Added +28.9k |
| M&G PLC 1.25% of their portfolio | 2.5m $243.2m | Reduced -308.4k |
| FMR LLC 0.01% of their portfolio | 2.5m $241.4m | Added +145.3k |
| SG Americas Securities, LLC 0.32% of their portfolio | 2.5m $241.2m | Added +2.4m |
| TRUIST FINANCIAL CORP 0.32% of their portfolio | 2.5m $240.9m | Added +98.2k |
| Cullen Capital Management, LLC 2.62% of their portfolio | 2.5m $239.7m | Reduced -177.2k |
| ALTRINSIC GLOBAL ADVISORS LLC 8.55% of their portfolio | 2.5m $238.6m | Reduced -118.9k |
| DekaBank Deutsche Girozentrale 0.36% of their portfolio | 2.4m $208.4m | Unchanged |
| MACKENZIE FINANCIAL CORP 0.27% of their portfolio | 2.3m $226.6m | Added +398.8k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 1.14% of their portfolio | 2.3m $221.7m | Reduced -423.8k |
| RHUMBLINE ADVISERS 0.18% of their portfolio | 2.3m $219.2m | Reduced -60.8k |
| USS Investment Management Ltd 1.09% of their portfolio | 2.3m $218.7m | Added +151.5k |
| BARCLAYS PLC 0.09% of their portfolio | 2.2m $215.3m | Reduced -4.6m |
| CANADA LIFE ASSURANCE Co 0.37% of their portfolio | 2.2m $210.9m | Reduced -718.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.20% of their portfolio | 2.1m $201.0m | Reduced -13.4k |
| THORNBURG INVESTMENT MANAGEMENT INC 2.34% of their portfolio | 1.9m $185.3m | Reduced -1.6k |
| ProShare Advisors LLC 0.32% of their portfolio | 1.9m $183.6m | Reduced -141.7k |
| Allianz Asset Management GmbH 0.20% of their portfolio | 1.8m $177.4m | Added +370.4k |
| LPL Financial LLC 0.05% of their portfolio | 1.8m $170.4m | Added +81.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.08% of their portfolio | 1.7m $165.2m | Added +64.1k |
| Lazard Freres Gestion S.A.S. 2.95% of their portfolio | 1.7m $163.9m | Added +175.2k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 1.7m $159.3m | Added +669.3k |
| Russell Investments Group, Ltd. 0.17% of their portfolio | 1.6m $157.4m | Added +83.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.25% of their portfolio | 1.6m $156.5m | Added +57.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio | 1.6m $155.5m | Reduced -10.7k |
| Robeco Institutional Asset Management B.V. 0.22% of their portfolio | 1.6m $153.5m | Added +1.3m |
| Brandywine Global Investment Management, LLC 1.02% of their portfolio | 1.6m $152.2m | Added +64.5k |
| 1832 Asset Management L.P. 0.19% of their portfolio | 1.5m $147.9m | Reduced -230.3k |
| Qube Research & Technologies Ltd 0.21% of their portfolio | 1.5m $146.7m | Added +1.5m |
| EQUITY INVESTMENT CORP 2.95% of their portfolio | 1.5m $146.2m | Added +2.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.19% of their portfolio | 1.5m $142.3m | Reduced -15.6k |
| Magellan Asset Management Ltd 1.72% of their portfolio | 1.5m $141.5m | Added +146.2k |
| HighTower Advisors, LLC 0.15% of their portfolio | 1.4m $138.8m | Reduced -15.7k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.12% of their portfolio | 1.4m $137.7m | Added +14.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.22% of their portfolio | 1.4m $136.2m | Added +762.5k |
| CRAWFORD INVESTMENT COUNSEL INC 2.18% of their portfolio | 1.4m $130.8m | Added +8.3k |