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 ($28.3m 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 ≈ $98.73. Options: 14 managers hold calls ($205.1m notional), 21 hold puts ($339.6m).
Trends to Q1 2025
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 |
| Q4 2024 | 661 |
| Q1 2025 | 662 |
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 2023 | 216 | 309 |
| Q3 2023 | 244 | 246 |
| Q4 2023 | 239 | 264 |
| Q1 2024 | 265 | 264 |
| Q2 2024 | 272 | 266 |
| Q3 2024 | 272 | 289 |
| Q4 2024 | 250 | 300 |
| Q1 2025 | 266 | 294 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $224.0m | $214.9m | 0.96 |
| Q3 2024 | $235.6m | $190.1m | 0.81 |
| Q4 2024 | $163.9m | $212.9m | 1.30 |
| Q1 2025 | $205.1m | $339.6m | 1.66 |
Biggest buyers
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +4.8m |
| FMR LLC | Added | +2.2m |
| Cantillon Capital Management LLC | New | +1.5m |
| AKO CAPITAL LLP | Added | +1.2m |
| Bank of New York Mellon Corp | Added | +1.0m |
| Invesco Ltd. | Added | +1.0m |
| FRANKLIN RESOURCES INC | Added | +975.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +734.4k |
| JPMORGAN CHASE & CO | Added | +686.5k |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +650.6k |
Biggest sellers
| MACKENZIE FINANCIAL CORP | Reduced | -8.1m |
| Clearbridge Investments, LLC | Sold out | -5.2m |
| MARSHALL WACE, LLP | Reduced | -2.5m |
| Liontrust Investment Partners LLP | Sold out | -1.7m |
| CITADEL ADVISORS LLC | Reduced | -1.4m |
| Harding Loevner LP | Reduced | -1.4m |
| Vontobel Holding Ltd. | Reduced | -1.1m |
| Select Equity Group, L.P. | Reduced | -1.0m |
| GOLDMAN SACHS GROUP INC | Reduced | -694.0k |
| BlackRock, Inc. | Reduced | -682.0k |
Biggest calls
| UBS Group AG | Reduced | $84.4m888.6k shares |
| SIH Partners, LLLP | Added | $35.4m373.1k shares |
| BANK OF AMERICA CORP /DE/ | Added | $18.3m192.6k shares |
| MILLENNIUM MANAGEMENT LLC | New | $16.9m178.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $12.7m133.3k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $11.8m124.4k shares |
| Walleye Trading LLC | Added | $6.9m73.1k shares |
| CITADEL ADVISORS LLC | Added | $6.3m66.4k shares |
| Caption Management, LLC | New | $6.0m63.0k shares |
| HSBC HOLDINGS PLC | Unchanged | $2.8m30.0k shares |
Biggest puts
| SIH Partners, LLLP | Added | $88.8m935.0k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $60.5m637.2k shares |
| JANE STREET GROUP, LLC | Added | $57.2m608.1k shares |
| Eisler Capital Management Ltd. | Unchanged | $30.2m320.0k shares |
| Twin Tree Management, LP | New | $30.1m316.7k shares |
| Qube Research & Technologies Ltd | Reduced | $21.3m226.8k shares |
| MILLENNIUM MANAGEMENT LLC | New | $14.1m148.5k shares |
| CITADEL ADVISORS LLC | Added | $10.4m109.9k shares |
| Optiver Holding B.V. | Added | $10.2m107.5k shares |
| UBS Group AG | Unchanged | $4.3m45.0k 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-23 | 5.9% |
Insider purchases and sales in Q1 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.
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 20.1m $1.9bn | Added +510.4k |
| FMR LLC 0.10% of their portfolio | 17.2m $1.6bn | Added +2.2m |
| NORGES BANK 0.17% of their portfolio | 12.7m $1.2bn | Added +30.5k |
| Aristotle Capital Management, LLC 2.31% of their portfolio | 12.2m $1.2bn | Added +398.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.29% of their portfolio | 11.7m $1.1bn | Reduced -228.5k |
| Bank of New York Mellon Corp 0.18% of their portfolio | 9.7m $916.1m | Added +1.0m |
| Zurcher Kantonalbank (Zurich Cantonalbank) 2.30% of their portfolio | 8.5m $800.8m | Reduced -417.1k |
| Harding Loevner LP 5.18% of their portfolio | 7.1m $676.4m | Reduced -1.4m |
| AKO CAPITAL LLP 8.73% of their portfolio | 7.1m $672.6m | Added +1.2m |
| Vontobel Holding Ltd. 2.33% of their portfolio | 6.8m $638.0m | Reduced -1.1m |
| T. Rowe Price Investment Management, Inc. 0.40% of their portfolio | 6.4m $608.9m | Added +45.3k |
| UBS Group AG 0.13% of their portfolio | 6.0m $566.6m | Added +166.3k |
| Select Equity Group, L.P. 2.30% of their portfolio | 5.5m $515.3m | Reduced -1.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 4.9m $467.4m | Added +4.8m |
| Amundi 0.15% of their portfolio | 4.5m $402.5m | Added +10.0k |
| Pictet Asset Management Holding SA 0.43% of their portfolio | 4.1m $388.4m | Reduced -29.0k |
| Legal & General Group Plc 0.10% of their portfolio | 4.1m $381.7m | Reduced -49.7k |
| DEUTSCHE BANK AG\ 0.15% of their portfolio | 4.0m $384.4m | Added +251.3k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 3.9m $370.0m | Reduced -179.6k |
| BROWN BROTHERS HARRIMAN & CO 2.57% of their portfolio | 3.9m $368.4m | Reduced -70.2k |
| ALLIANCEBERNSTEIN L.P. 0.12% of their portfolio | 3.6m $340.4m | Added +223.9k |
| MACKENZIE FINANCIAL CORP 0.47% of their portfolio | 3.5m $331.0m | Reduced -8.1m |
| Sustainable Growth Advisers, LP 1.67% of their portfolio | 3.2m $299.4m | Reduced -624.1k |
| ROYAL BANK OF CANADA 0.07% of their portfolio | 3.1m $298.2m | Reduced -11.9k |
| BARCLAYS PLC 0.13% of their portfolio | 3.1m $292.4m | Added +326.2k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 2.8m $264.4m | Added +686.5k |
| FRANKLIN RESOURCES INC 0.07% of their portfolio | 2.6m $251.4m | Added +975.4k |
| Allspring Global Investments Holdings, LLC 0.40% of their portfolio | 2.5m $230.2m | Reduced -7.0k |
| NEUBERGER BERMAN GROUP LLC 0.17% of their portfolio | 2.2m $207.4m | Added +61.7k |
| Invesco Ltd. 0.04% of their portfolio | 2.2m $206.1m | Added +1.0m |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.94% of their portfolio | 2.1m $204.0m | Added +95.3k |
| Fiera Capital Corp 0.73% of their portfolio | 2.1m $203.1m | Reduced -429.7k |
| CAISSE DES DEPOTS ET CONSIGNATIONS 10.12% of their portfolio | 2.1m $210.4m | Unchanged |
| Nuveen, LLC 0.06% of their portfolio | 2.1m $197.7m | First filing |
| BlackRock, Inc. 0.00% of their portfolio | 2.1m $197.6m | Reduced -682.0k |
| Rudius Management LP 39.49% of their portfolio | 2.0m $192.2m | Added +50.0k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.6m $151.3m | Reduced -694.0k |
| MARSHALL WACE, LLP 0.19% of their portfolio | 1.5m $144.4m | Reduced -2.5m |
| MORGAN STANLEY 0.01% of their portfolio | 1.5m $140.2m | Reduced -39.8k |
| Cantillon Capital Management LLC 0.90% of their portfolio | 1.5m $139.0m | New |
| Bank Julius Baer & Co. Ltd, Zurich 0.45% of their portfolio | 1.5m $138.9m | Added +347.9k |
| Capital Research Global Investors 0.03% of their portfolio | 1.4m $128.4m | Reduced -23.8k |
| THORNBURG INVESTMENT MANAGEMENT INC 1.77% of their portfolio | 1.3m $1.3bn | Added +249.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.12% of their portfolio | 1.3m $125.5m | Reduced -152.2k |
| CIBC Private Wealth Group LLC 0.22% of their portfolio | 1.2m $105.3m | Added +15.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.07% of their portfolio | 1.2m $117.3m | Added +650.6k |
| ANTIPODES PARTNERS Ltd 3.52% of their portfolio | 1.2m $112.5m | Added +50.4k |
| Findlay Park Partners LLP 1.14% of their portfolio | 1.2m $110.9m | Added +15.7k |
| Banque Cantonale Vaudoise 4.36% of their portfolio | 1.1m $99.0m | First filing |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.42% of their portfolio | 1.0m $98.7m | Reduced -1.8k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.0m $97.0m | Added +93.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 973.3k $92.3m | Reduced -348.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 947.2k $89.6m | Added +734.4k |
| Williams Jones Wealth Management, LLC. 1.14% of their portfolio | 940.9k $89.3m | Reduced -71.0k |
| Madison Asset Management, LLC 0.97% of their portfolio | 915.2k $86.9m | Reduced -16.0k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 853.4k $80.3m | Reduced -142.6k |
| SEI INVESTMENTS CO 0.10% of their portfolio | 830.1k $78.8m | Reduced -47.8k |
| AVIVA PLC 0.18% of their portfolio | 789.4k $74.3m | Reduced -26.8k |
| FIL Ltd 0.07% of their portfolio | 768.4k $72.3m | Reduced -50.2k |
| PRIMECAP MANAGEMENT CO/CA/ 0.06% of their portfolio | 768.2k $72.9m | Reduced -8.1k |
| CITIGROUP INC 0.05% of their portfolio | 757.4k $71.2m | Added +359.3k |
| Compagnie Lombard Odier SCmA 0.86% of their portfolio | 746.0k $70.2m | Reduced -2.3k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 736.8k $70.6m | Reduced -10.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio | 718.3k $68.1m | Added +1.8k |
| DekaBank Deutsche Girozentrale 0.12% of their portfolio | 717.1k $59.5m | Reduced -9.7k |
| CREDIT AGRICOLE S A 0.24% of their portfolio | 684.4k $65.0m | Added +373.5k |
| TD Asset Management Inc 0.06% of their portfolio | 675.6k $64.0m | Added +27.6k |
| Russell Investments Group, Ltd. 0.08% of their portfolio | 626.2k $59.0m | Added +118.5k |
| Point72 Asset Management, L.P. 0.17% of their portfolio | 619.7k $58.8m | Reduced -466.4k |
| NICHOLAS COMPANY, INC. 1.00% of their portfolio | 607.7k $57.7m | Unchanged |
| LGT Group Foundation 0.77% of their portfolio | 590.4k $55.6m | Added +1.2k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.59% of their portfolio | 567.4k $53.9m | Added +15.2k |
| MACQUARIE GROUP LTD 0.06% of their portfolio | 532.8k $49.9m | Added +259.8k |
| Allianz Asset Management GmbH 0.07% of their portfolio | 521.0k $49.0m | Added +47.7k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.05% of their portfolio | 483.1k $45.4m | Reduced -17.6k |
| BRIDGES INVESTMENT MANAGEMENT INC 0.61% of their portfolio | 443.3k $42.1m | Reduced -7.8k |
| Davidson Kempner Capital Management LP 0.58% of their portfolio | 440.5k $41.5m | Not comparable |
| BANQUE PICTET & CIE SA 0.44% of their portfolio | 439.0k $41.3m | Added +135.3k |
| Birch Hill Investment Advisors LLC 1.88% of their portfolio | 417.1k $39.6m | Added +9.4k |
| Korea Investment CORP 0.09% of their portfolio | 416.7k $39.2m | Added +6.3k |
| Dundas Partners LLP 2.82% of their portfolio | 406.5k $38.3m | Added +2.5k |
| Alyeska Investment Group, L.P. 0.15% of their portfolio | 403.4k $38.3m | Reduced -512.6k |
| Canoe Financial LP 0.58% of their portfolio | 381.9k $35.9m | Added +41.2k |
| BLI - Banque de Luxembourg Investments 1.08% of their portfolio | 376.6k $35.6m | Reduced -4.9k |
| SIRIOS CAPITAL MANAGEMENT L P 6.38% of their portfolio | 376.3k $35.7m | Added +72.8k |
| Cerity Partners LLC 0.07% of their portfolio | 373.5k $35.5m | Added +253.5k |
| AXA S.A. 0.12% of their portfolio | 372.9k $35.4m | Reduced -71.2k |
| State of Tennessee, Department of Treasury 0.13% of their portfolio | 372.4k $35.0m | Unchanged |
| Holocene Advisors, LP 0.10% of their portfolio | 351.7k $33.4m | Added +65.6k |
| Reynders McVeigh Capital Management, LLC 1.77% of their portfolio | 334.1k $31.7m | Added +7.0k |
| ExodusPoint Capital Management, LP 0.36% of their portfolio | 289.7k $27.5m | Reduced -5.8k |
| Corient Private Wealth LP 0.04% of their portfolio | 281.5k $26.7m | Reduced -36.8k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 279.2k $26.3m | Added +153.4k |
| Ninety One UK Ltd 0.07% of their portfolio | 277.2k $26.3m | Reduced -27.5k |
| Martin Investment Management, LLC 6.55% of their portfolio | 273.5k $26.0m | Added +6.7k |
| AMF Tjanstepension AB 0.19% of their portfolio | 272.8k $25.9m | Added +5.5k |
| Man Group plc 0.07% of their portfolio | 262.6k $24.9m | Added +219.0k |
| Public Sector Pension Investment Board 0.11% of their portfolio | 261.9k $24.6m | Added +19.9k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 261.6k $24.6m | Reduced -319.7k |
| NATIXIS ADVISORS, LLC 0.04% of their portfolio | 252.7k $24.0m | Added +11.2k |