ALCON AG ALC
ORD SHS · Common Stock · CUSIP H01301128
* 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 ($13.4m this quarter). Holder counts are more reliable. Shares outstanding: 494.6m as of 2024-12-31, 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 ≈ $99.78. Options: 10 managers hold calls ($235.6m notional), 12 hold puts ($190.1m).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 561 |
| Q4 2022 | 587 |
| Q1 2023 | 592 |
| Q2 2023 | 598 |
| Q3 2023 | 601 |
| Q4 2023 | 613 |
| Q1 2024 | 617 |
| Q2 2024 | 634 |
| Q3 2024 | 659 |
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 | 203 | 296 |
| Q1 2023 | 273 | 244 |
| Q2 2023 | 216 | 309 |
| Q3 2023 | 244 | 246 |
| Q4 2023 | 239 | 264 |
| Q1 2024 | 265 | 264 |
| Q2 2024 | 272 | 266 |
| Q3 2024 | 272 | 289 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $159.8m | $157.4m | 0.98 |
| Q1 2024 | $221.2m | $168.2m | 0.76 |
| Q2 2024 | $224.0m | $214.9m | 0.96 |
| Q3 2024 | $235.6m | $190.1m | 0.81 |
Biggest buyers
| Select Equity Group, L.P. | New | +5.4m |
| FMR LLC | Added | +3.3m |
| MACKENZIE FINANCIAL CORP | Added | +2.3m |
| Ilex Capital Partners (UK) LLP | New | +1.3m |
| ANTIPODES PARTNERS Ltd | New | +1.1m |
| Assenagon Asset Management S.A. | Added | +1.0m |
| Bank of New York Mellon Corp | Added | +910.3k |
| Invesco Ltd. | Added | +718.0k |
| UBS Group AG | Added | +514.5k |
| Alyeska Investment Group, L.P. | New | +513.8k |
Biggest sellers
| BARCLAYS PLC | Reduced | -4.8m |
| AMF Tjanstepension AB | Reduced | -2.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -2.1m |
| Clearbridge Investments, LLC | Reduced | -1.8m |
| CITADEL ADVISORS LLC | Sold out | -1.4m |
| BANK OF MONTREAL /CAN/ | Reduced | -719.7k |
| BANK OF AMERICA CORP /DE/ | Reduced | -675.2k |
| DEUTSCHE BANK AG\ | Reduced | -646.3k |
| MANNING & NAPIER ADVISORS LLC | Reduced | -568.5k |
| Vontobel Holding Ltd. | Reduced | -542.2k |
Biggest calls
| UBS Group AG | Reduced | $202.2m2.0m shares |
| Eisler Capital (UK) Ltd. | Reduced | $9.1m90.6k shares |
| BANK OF AMERICA CORP /DE/ | Added | $9.0m90.0k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $7.1m70.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.2m52.2k shares |
| CITADEL ADVISORS LLC | Reduced | $1.2m12.4k shares |
| MILLENNIUM MANAGEMENT LLC | New | $1.0m10.0k shares |
| Walleye Trading LLC | Reduced | $530.4k5.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $209.2k2.1k shares |
| PEAK6 Investments LLC | Reduced | $50.0k500 shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | Reduced | $72.1m720.1k shares |
| Eisler Capital (UK) Ltd. | Added | $49.9m499.8k shares |
| UBS Group AG | Reduced | $20.6m205.9k shares |
| Optiver Holding B.V. | Reduced | $14.9m149.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $11.1m110.7k shares |
| JPMORGAN CHASE & CO | Unchanged | $10.0m100.0k shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $5.0m50.0k shares |
| CITADEL ADVISORS LLC | Reduced | $2.8m28.4k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $2.6m30.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $520.0k5.2k 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-23 | 5.9% |
Insider purchases and sales in Q3 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.
None reported in Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 19.4m $1.9bn | Added +252.5k |
| FMR LLC 0.09% of their portfolio | 14.4m $1.4bn | Added +3.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.31% of their portfolio | 12.0m $1.2bn | Reduced -2.1m |
| NORGES BANK 0.17% of their portfolio | 12.0m $1.2bn | Reduced -327.3k |
| Aristotle Capital Management, LLC 2.16% of their portfolio | 11.9m $1.2bn | Reduced -139.9k |
| Harding Loevner LP 5.35% of their portfolio | 9.3m $927.7m | Reduced -389.4k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 2.57% of their portfolio | 8.6m $862.1m | Added +89.2k |
| Bank of New York Mellon Corp 0.15% of their portfolio | 7.8m $780.8m | Added +910.3k |
| Vontobel Holding Ltd. 2.37% of their portfolio | 7.4m $734.6m | Reduced -542.2k |
| Clearbridge Investments, LLC 0.57% of their portfolio | 7.3m $726.5m | Reduced -1.8m |
| T. Rowe Price Investment Management, Inc. 0.39% of their portfolio | 6.4m $639.5m | Reduced -66.5k |
| AKO CAPITAL LLP 8.02% of their portfolio | 6.2m $615.6m | Reduced -213.5k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 6.1m $614.4m | Added +101.4k |
| UBS Group AG 0.16% of their portfolio | 5.6m $559.1m | Added +514.5k |
| Select Equity Group, L.P. 1.96% of their portfolio | 5.4m $538.2m | New |
| Amundi 0.17% of their portfolio | 4.9m $468.5m | Added +354.2k |
| Legal & General Group Plc 0.11% of their portfolio | 4.3m $426.6m | Added +80.1k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 4.2m $421.9m | Reduced -675.2k |
| BROWN BROTHERS HARRIMAN & CO 2.74% of their portfolio | 4.0m $402.5m | Reduced -54.5k |
| MACKENZIE FINANCIAL CORP 0.55% of their portfolio | 3.9m $391.8m | Added +2.3m |
| Sustainable Growth Advisers, LP 1.66% of their portfolio | 3.9m $391.1m | Added +118.4k |
| DEUTSCHE BANK AG\ 0.16% of their portfolio | 3.9m $389.0m | Reduced -646.3k |
| MARSHALL WACE, LLP 0.46% of their portfolio | 3.5m $352.8m | Added +487.8k |
| ALLIANCEBERNSTEIN L.P. 0.12% of their portfolio | 3.5m $347.7m | Reduced -164.1k |
| Pictet Asset Management Holding SA 0.38% of their portfolio | 3.4m $341.8m | Reduced -42.7k |
| ROYAL BANK OF CANADA 0.07% of their portfolio | 3.2m $315.3m | Added +90.8k |
| BlackRock, Inc. 0.01% of their portfolio | 2.7m $273.0m | First filing |
| Assenagon Asset Management S.A. 0.54% of their portfolio | 2.6m $264.0m | Added +1.0m |
| Fiera Capital Corp 0.76% of their portfolio | 2.5m $253.3m | Reduced -155.0k |
| Allspring Global Investments Holdings, LLC 0.38% of their portfolio | 2.5m $247.7m | Reduced -120.0k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.84% of their portfolio | 2.0m $196.3m | Added +11.5k |
| FRANKLIN RESOURCES INC 0.05% of their portfolio | 1.9m $183.3m | Added +23.9k |
| NEUBERGER BERMAN GROUP LLC 0.14% of their portfolio | 1.8m $182.7m | Reduced -51.2k |
| Nuveen Asset Management, LLC 0.05% of their portfolio | 1.7m $173.5m | Added +134.8k |
| AMF Tjanstepension AB 1.22% of their portfolio | 1.7m $170.5m | Reduced -2.2m |
| Rudius Management LP 33.99% of their portfolio | 1.7m $169.9m | Unchanged |
| BARCLAYS PLC 0.07% of their portfolio | 1.5m $152.3m | Reduced -4.8m |
| MORGAN STANLEY 0.01% of their portfolio | 1.5m $152.0m | Reduced -260.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 1.4m $139.6m | Reduced -121.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.12% of their portfolio | 1.3m $127.0m | Added +24.9k |
| Ilex Capital Partners (UK) LLP 8.51% of their portfolio | 1.3m $126.4m | New |
| CIBC Private Wealth Group LLC 0.21% of their portfolio | 1.2m $118.6m | Added +25.6k |
| Findlay Park Partners LLP 1.07% of their portfolio | 1.1m $113.5m | Reduced -12.0k |
| Invesco Ltd. 0.02% of their portfolio | 1.1m $112.5m | Added +718.0k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.43% of their portfolio | 1.1m $108.5m | Reduced -2.4k |
| Williams Jones Wealth Management, LLC. 1.27% of their portfolio | 1.1m $108.4m | Reduced -13.1k |
| ANTIPODES PARTNERS Ltd 3.73% of their portfolio | 1.1m $107.6m | New |
| CITIGROUP INC 0.10% of their portfolio | 1.1m $105.6m | Added +384.4k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 1.1m $105.0m | Reduced -51.5k |
| Banque Cantonale Vaudoise 4.25% of their portfolio | 1.0m $103.3m | Reduced -161.1k |
| Madison Asset Management, LLC 1.06% of their portfolio | 938.1k $93.9m | Reduced -17.3k |
| THORNBURG INVESTMENT MANAGEMENT INC 1.22% of their portfolio | 938.1k $93.7m | Added +385.0k |
| FIL Ltd 0.08% of their portfolio | 928.5k $92.5m | Reduced -84.6k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 848.1k $84.9m | Reduced -471.9k |
| SEI INVESTMENTS CO 0.11% of their portfolio | 844.4k $84.5m | Added +77.4k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 836.2k $83.6m | Added +104.0k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 829.9k $83.0m | Reduced -32.2k |
| PRIMECAP MANAGEMENT CO/CA/ 0.06% of their portfolio | 788.2k $78.9m | Reduced -3.2k |
| Compagnie Lombard Odier SCmA 1.22% of their portfolio | 784.6k $78.4m | Reduced -52.1k |
| AVIVA PLC 0.20% of their portfolio | 765.9k $76.4m | Added +5.9k |
| DekaBank Deutsche Girozentrale 0.10% of their portfolio | 726.8k $56.5m | Reduced -3.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio | 716.2k $71.7m | Added +31.2k |
| Russell Investments Group, Ltd. 0.09% of their portfolio | 647.1k $64.7m | Added +58.0k |
| TD Asset Management Inc 0.06% of their portfolio | 644.8k $64.4m | Added +1.9k |
| NICHOLAS COMPANY, INC. 0.99% of their portfolio | 607.7k $60.8m | Unchanged |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.55% of their portfolio | 586.6k $58.7m | Reduced -15.5k |
| LGT Group Foundation 0.94% of their portfolio | 577.1k $57.6m | Added +14.3k |
| Allianz Asset Management GmbH 0.08% of their portfolio | 539.4k $53.9m | Added +65.8k |
| Alyeska Investment Group, L.P. 0.26% of their portfolio | 513.8k $51.4m | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.05% of their portfolio | 497.1k $49.7m | Added +308.5k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 490.5k $49.1m | Reduced -4.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 467.8k $46.8m | Added +183.5k |
| AXA S.A. 0.14% of their portfolio | 462.6k $46.3m | Reduced -501.2k |
| BRIDGES INVESTMENT MANAGEMENT INC 0.64% of their portfolio | 458.3k $45.9m | Reduced -1.6k |
| Korea Investment CORP 0.11% of their portfolio | 456.8k $45.7m | Added +430 |
| Holocene Advisors, LP 0.18% of their portfolio | 453.1k $45.3m | Added +152.8k |
| MANNING & NAPIER ADVISORS LLC 0.49% of their portfolio | 446.8k $44.7m | Reduced -568.5k |
| Troy Asset Management Ltd 1.34% of their portfolio | 426.8k $42.6m | Reduced -273 |
| Dundas Partners LLP 3.05% of their portfolio | 425.9k $42.4m | Unchanged |
| Capital Research Global Investors 0.01% of their portfolio | 411.2k $41.1m | Unchanged |
| STIFEL FINANCIAL CORP 0.04% of their portfolio | 389.5k $39.0m | Reduced -35.7k |
| Birch Hill Investment Advisors LLC 1.83% of their portfolio | 389.1k $38.9m | Reduced -105 |
| State of Tennessee, Department of Treasury 0.13% of their portfolio | 381.7k $38.2m | Unchanged |
| LPL Financial LLC 0.02% of their portfolio | 339.8k $34.0m | Reduced -6.9k |
| Corient Private Wealth LP 0.05% of their portfolio | 320.9k $32.1m | Reduced -100.4k |
| Ninety One UK Ltd 0.08% of their portfolio | 317.8k $31.8m | Added +107.9k |
| Canoe Financial LP 0.77% of their portfolio | 317.4k $32.0m | New |
| Zurich Insurance Group Ltd/FI 0.27% of their portfolio | 316.8k $31.6m | Unchanged |
| SIRIOS CAPITAL MANAGEMENT L P 5.54% of their portfolio | 312.7k $31.3m | Reduced -122.9k |
| Reynders McVeigh Capital Management, LLC 1.55% of their portfolio | 292.7k $29.3m | Added +31.5k |
| RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio | 283.4k $28.4m | Reduced -62.2k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 279.6k $27.9m | Reduced -73.8k |
| ExodusPoint Capital Management, LP 0.28% of their portfolio | 274.5k $27.5m | New |
| NATIXIS ADVISORS, LLC 0.05% of their portfolio | 270.9k $27.1m | Added +7.2k |
| CREDIT AGRICOLE S A 0.14% of their portfolio | 269.7k $27.0m | Added +158.8k |
| Martin Investment Management, LLC 6.54% of their portfolio | 266.8k $26.7m | Added +5.5k |
| TITAN GLOBAL CAPITAL MANAGEMENT USA LLC 4.17% of their portfolio | 266.5k $26.7m | Reduced -8.1k |
| Public Sector Pension Investment Board 0.14% of their portfolio | 259.1k $25.9m | Added +49.2k |
| Susquehanna International Securities, Ltd. 8.52% of their portfolio | 256.1k $25.6m | Added +133.9k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 254.6k $25.5m | Reduced -719.7k |