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 ($13.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $88.26. Options: 15 managers hold calls ($1.0bn notional), 21 hold puts ($317.2m).
Trends to Q2 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 |
| Q2 2025 | 655 |
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 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 |
| Q2 2025 | 265 | 297 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $235.6m | $190.1m | 0.81 |
| Q4 2024 | $163.9m | $212.9m | 1.30 |
| Q1 2025 | $205.1m | $339.6m | 1.66 |
| Q2 2025 | $1.0bn | $317.2m | 0.31 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +4.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +2.1m |
| JANUS HENDERSON GROUP PLC | Added | +1.5m |
| Cantillon Capital Management LLC | Added | +1.4m |
| Select Equity Group, L.P. | Added | +1.3m |
| Liontrust Investment Partners LLP | New | +1.2m |
| BARCLAYS PLC | Added | +1.1m |
| GOLDMAN SACHS GROUP INC | Added | +1.1m |
| PARNASSUS INVESTMENTS, LLC | New | +916.8k |
| VANGUARD GROUP INC | Added | +787.8k |
Biggest sellers
| FMR LLC | Reduced | -3.2m |
| BROWN BROTHERS HARRIMAN & CO | Reduced | -1.4m |
| NORGES BANK | Reduced | -1.3m |
| Aristotle Capital Management, LLC | Reduced | -1.1m |
| MARSHALL WACE, LLP | Reduced | -1.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -929.4k |
| JPMORGAN CHASE & CO | Reduced | -884.5k |
| BANK OF AMERICA CORP /DE/ | Reduced | -819.5k |
| Point72 Asset Management, L.P. | Sold out | -619.7k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -524.4k |
Biggest calls
| UBS Group AG | Added | $960.3m10.9m shares |
| SIH Partners, LLLP | Reduced | $22.1m249.8k shares |
| Twin Tree Management, LP | New | $21.7m245.6k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $11.0m124.4k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $8.8m100.0k shares |
| Vontobel Holding Ltd. | New | $5.0m56.0k shares |
| Walleye Trading LLC | Reduced | $4.3m48.2k shares |
| CITADEL ADVISORS LLC | Reduced | $1.8m20.4k shares |
| PEAK6 LLC | Added | $1.1m12.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $979.9k11.1k shares |
Biggest puts
| SIH Partners, LLLP | Added | $145.6m1.6m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $42.9m485.5k shares |
| Twin Tree Management, LP | Added | $36.3m410.7k shares |
| Qube Research & Technologies Ltd | Added | $20.8m234.7k shares |
| Eisler Capital Management Ltd. | Reduced | $13.3m150.0k shares |
| CREDIT INDUSTRIEL ET COMMERCIAL | Added | $12.5m141.9k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $9.7m110.0k shares |
| Optiver Holding B.V. | Reduced | $9.3m105.1k shares |
| CITADEL ADVISORS LLC | Reduced | $7.0m79.3k shares |
| UBS Group AG | Added | $5.3m60.0k 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 Q2 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 Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 20.9m $1.9bn | Added +787.8k |
| FMR LLC 0.07% of their portfolio | 14.0m $1.2bn | Reduced -3.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.21% of their portfolio | 11.7m $1.0bn | Reduced -75.1k |
| NORGES BANK 0.13% of their portfolio | 11.3m $1.0bn | Reduced -1.3m |
| Aristotle Capital Management, LLC 1.88% of their portfolio | 11.1m $977.8m | Reduced -1.1m |
| Bank of New York Mellon Corp 0.16% of their portfolio | 9.8m $861.5m | Added +108.3k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 1.97% of their portfolio | 9.1m $806.3m | Added +628.3k |
| AKO CAPITAL LLP 8.60% of their portfolio | 7.7m $681.5m | Added +597.8k |
| ROYAL BANK OF CANADA 0.06% of their portfolio | 7.4m $657.2m | Added +4.3m |
| Harding Loevner LP 4.16% of their portfolio | 7.0m $618.6m | Reduced -117.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.07% of their portfolio | 7.0m $616.4m | Added +2.1m |
| Vontobel Holding Ltd. 1.99% of their portfolio | 6.8m $605.5m | Added +63.1k |
| Select Equity Group, L.P. 2.54% of their portfolio | 6.8m $596.4m | Added +1.3m |
| T. Rowe Price Investment Management, Inc. 0.33% of their portfolio | 5.9m $520.3m | Reduced -520.4k |
| UBS Group AG 0.11% of their portfolio | 5.9m $519.8m | Reduced -80.8k |
| Pictet Asset Management Holding SA 0.44% of their portfolio | 4.9m $430.0m | Added +746.3k |
| Amundi 0.15% of their portfolio | 4.7m $422.8m | Added +242.5k |
| BARCLAYS PLC 0.15% of their portfolio | 4.2m $370.9m | Added +1.1m |
| Legal & General Group Plc 0.09% of their portfolio | 4.1m $359.7m | Added +20.3k |
| DEUTSCHE BANK AG\ 0.12% of their portfolio | 3.8m $338.4m | Reduced -216.0k |
| MACKENZIE FINANCIAL CORP 0.43% of their portfolio | 3.7m $329.0m | Added +237.6k |
| Sustainable Growth Advisers, LP 1.60% of their portfolio | 3.5m $310.5m | Added +363.1k |
| ALLIANCEBERNSTEIN L.P. 0.10% of their portfolio | 3.3m $292.9m | Reduced -268.2k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 3.1m $271.7m | Reduced -819.5k |
| Cantillon Capital Management LLC 1.46% of their portfolio | 2.9m $251.9m | Added +1.4m |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 2.7m $234.4m | Added +1.1m |
| Allspring Global Investments Holdings, LLC 0.37% of their portfolio | 2.5m $223.8m | Added +30.6k |
| BROWN BROTHERS HARRIMAN & CO 1.40% of their portfolio | 2.5m $218.4m | Reduced -1.4m |
| FRANKLIN RESOURCES INC 0.06% of their portfolio | 2.4m $213.3m | Reduced -243.4k |
| CAISSE DES DEPOTS ET CONSIGNATIONS 8.98% of their portfolio | 2.3m $214.4m | Added +127.0k |
| MORGAN STANLEY 0.01% of their portfolio | 2.2m $195.5m | Added +737.9k |
| NEUBERGER BERMAN GROUP LLC 0.15% of their portfolio | 2.2m $193.4m | Added +4.5k |
| JANUS HENDERSON GROUP PLC 0.09% of their portfolio | 2.2m $193.0m | Added +1.5m |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.82% of their portfolio | 2.1m $187.9m | Reduced -20.3k |
| Capital Research Global Investors 0.04% of their portfolio | 2.1m $184.4m | Added +723.8k |
| Fiera Capital Corp 0.62% of their portfolio | 2.1m $182.7m | Reduced -70.3k |
| Rudius Management LP 37.01% of their portfolio | 2.0m $175.0m | Reduced -42.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.9m $167.8m | Reduced -884.5k |
| Nuveen, LLC 0.05% of their portfolio | 1.9m $166.3m | Reduced -214.3k |
| Invesco Ltd. 0.03% of their portfolio | 1.9m $163.3m | Reduced -321.0k |
| BlackRock, Inc. 0.00% of their portfolio | 1.8m $157.8m | Reduced -294.3k |
| Bank Julius Baer & Co. Ltd, Zurich 0.39% of their portfolio | 1.8m $132.5m | Added +326.6k |
| THORNBURG INVESTMENT MANAGEMENT INC 1.84% of their portfolio | 1.6m $142.8m | Added +282.5k |
| PRIMECAP MANAGEMENT CO/CA/ 0.09% of their portfolio | 1.4m $119.7m | Added +587.3k |
| CIBC Private Wealth Group LLC 0.20% of their portfolio | 1.3m $114.6m | Added +49.7k |
| Liontrust Investment Partners LLP 1.53% of their portfolio | 1.2m $107.0m | New |
| ANTIPODES PARTNERS Ltd 3.09% of their portfolio | 1.1m $99.6m | Reduced -66.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio | 1.1m $93.3m | Reduced -279.1k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.35% of their portfolio | 1.0m $91.7m | Reduced -836 |
| Banque Cantonale Vaudoise 3.71% of their portfolio | 1.0m $91.0m | Reduced -21.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 960.5k $84.8m | Reduced -12.8k |
| Allianz Asset Management GmbH 0.11% of their portfolio | 955.1k $84.2m | Added +434.1k |
| PARNASSUS INVESTMENTS, LLC 0.19% of their portfolio | 916.8k $80.9m | New |
| Williams Jones Wealth Management, LLC. 0.96% of their portfolio | 909.8k $80.3m | Reduced -31.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 867.2k $76.6m | Reduced -155.1k |
| Madison Asset Management, LLC 0.83% of their portfolio | 867.1k $76.5m | Reduced -48.1k |
| SEI INVESTMENTS CO 0.09% of their portfolio | 859.7k $75.9m | Added +29.6k |
| Compagnie Lombard Odier SCmA 0.97% of their portfolio | 834.2k $73.6m | Added +88.1k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 822.0k $72.7m | Reduced -31.4k |
| Findlay Park Partners LLP 0.74% of their portfolio | 810.6k $71.6m | Reduced -357.7k |
| Rokos Capital Management LLP 1.14% of their portfolio | 769.8k $68.0m | Added +610.3k |
| CITIGROUP INC 0.05% of their portfolio | 762.6k $67.3m | Added +5.2k |
| DekaBank Deutsche Girozentrale 0.11% of their portfolio | 726.8k $63.8m | Added +9.7k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.07% of their portfolio | 723.9k $63.8m | Added +240.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio | 716.8k $63.2m | Reduced -1.6k |
| VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio | 713.1k $62.9m | Reduced -524.4k |
| FIL Ltd 0.05% of their portfolio | 701.8k $62.1m | Reduced -66.6k |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 673.9k $58.5m | Added +141.1k |
| LGT Group Foundation 0.72% of their portfolio | 650.9k $57.6m | Added +60.4k |
| TD Asset Management Inc 0.05% of their portfolio | 619.3k $54.7m | Reduced -56.2k |
| NICHOLAS COMPANY, INC. 0.90% of their portfolio | 607.7k $53.7m | Unchanged |
| AVIVA PLC 0.11% of their portfolio | 600.4k $53.1m | Reduced -189.1k |
| Ilex Capital Partners (UK) LLP 1.74% of their portfolio | 594.6k $52.4m | New |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 586.7k $51.8m | Reduced -39.5k |
| BANQUE PICTET & CIE SA 0.51% of their portfolio | 554.7k $48.9m | Added +115.7k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.44% of their portfolio | 533.9k $47.1m | Reduced -33.5k |
| Vestal Point Capital, LP 2.44% of their portfolio | 525.0k $46.3m | New |
| Davidson Kempner Capital Management LP 0.69% of their portfolio | 509.4k $45.1m | Added +68.9k |
| MARSHALL WACE, LLP 0.05% of their portfolio | 502.2k $44.3m | Reduced -1.0m |
| BRIDGES INVESTMENT MANAGEMENT INC 0.53% of their portfolio | 440.4k $38.9m | Reduced -2.8k |
| Birch Hill Investment Advisors LLC 1.72% of their portfolio | 437.7k $38.6m | Added +20.5k |
| Korea Investment CORP 0.08% of their portfolio | 412.0k $36.3m | Reduced -4.7k |
| Dundas Partners LLP 2.41% of their portfolio | 391.8k $34.7m | Reduced -14.7k |
| NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio | 389.4k $34.5m | Added +278.2k |
| AXA S.A. 0.10% of their portfolio | 380.5k $33.6m | Added +7.7k |
| Cerity Partners LLC 0.06% of their portfolio | 377.1k $33.3m | Added +3.6k |
| State of Tennessee, Department of Treasury 0.12% of their portfolio | 372.4k $32.8m | Unchanged |
| SIRIOS CAPITAL MANAGEMENT L P 4.75% of their portfolio | 370.9k $32.7m | Reduced -5.4k |
| Ceredex Value Advisors LLC 0.67% of their portfolio | 352.4k $31.1m | New |
| BRADLEY FOSTER & SARGENT INC/CT 0.48% of their portfolio | 348.9k $30.8m | Added +314.2k |
| Canoe Financial LP 0.43% of their portfolio | 340.7k $30.2m | Reduced -41.2k |
| Reynders McVeigh Capital Management, LLC 1.50% of their portfolio | 339.9k $30.0m | Added +5.9k |
| Alyeska Investment Group, L.P. 0.11% of their portfolio | 336.4k $29.7m | Reduced -67.0k |
| Ruffer LLP 1.21% of their portfolio | 308.6k $27.3m | New |
| Pictet North America Advisors SA 2.57% of their portfolio | 290.9k $25.7m | Added +45.5k |
| BLI - Banque de Luxembourg Investments 0.71% of their portfolio | 282.0k $24.8m | Reduced -94.6k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 280.6k $24.8m | Added +19.0k |
| AMF Tjanstepension AB 0.16% of their portfolio | 272.8k $24.3m | Unchanged |
| Corient Private Wealth LP 0.03% of their portfolio | 271.8k $24.0m | Reduced -9.6k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 264.3k $23.3m | Added +24.7k |