Vault-13

ALCON AG ALC

ORD SHS · Common Stock · CUSIP H01301128

655 institutional holders -7 vs Q1 2025
268,411,211268.4m shares reported held*
$23.7bnreported value*
60 new 205 added 228 reduced 69 sold out net bought ≈ $696.7m (+8.3m shares)

* 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

0250500750Q3 22: 561Q4 22: 587Q1 23: 592Q2 23: 598Q3 23: 601Q4 23: 613Q1 24: 617Q2 24: 634Q3 24: 659Q4 24: 661Q1 25: 662Q2 25: 655655Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022561
Q4 2022587
Q1 2023592
Q2 2023598
Q3 2023601
Q4 2023613
Q1 2024617
Q2 2024634
Q3 2024659
Q4 2024661
Q1 2025662
Q2 2025655

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q3 23: 244 bought or addedQ3 23: 246 cut or sold outQ4 23: 239 bought or addedQ4 23: 264 cut or sold outQ4 23Q1 24: 265 bought or addedQ1 24: 264 cut or sold outQ2 24: 272 bought or addedQ2 24: 266 cut or sold outQ2 24Q3 24: 272 bought or addedQ3 24: 289 cut or sold outQ4 24: 250 bought or addedQ4 24: 300 cut or sold outQ4 24Q1 25: 266 bought or addedQ1 25: 294 cut or sold outQ2 25: 265 bought or addedQ2 25: 297 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023244246
Q4 2023239264
Q1 2024265264
Q2 2024272266
Q3 2024272289
Q4 2024250300
Q1 2025266294
Q2 2025265297

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500m$1bn$1.5bnQ3 24 calls: $235.6mQ3 24 puts: $190.1mQ3 24P/C 0.81Q4 24 calls: $163.9mQ4 24 puts: $212.9mQ4 24P/C 1.30Q1 25 calls: $205.1mQ1 25 puts: $339.6mQ1 25P/C 1.66Q2 25 calls: $1.0bnQ2 25 puts: $317.2mQ2 25P/C 0.31
Numbers
QuarterCallsPutsP/C
Q3 2024$235.6m$190.1m0.81
Q4 2024$163.9m$212.9m1.30
Q1 2025$205.1m$339.6m1.66
Q2 2025$1.0bn$317.2m0.31

Biggest buyers

ROYAL BANK OF CANADA Added +4,303,198+4.3m
PRICE T ROWE ASSOCIATES INC /MD/ Added +2,058,591+2.1m
JANUS HENDERSON GROUP PLC Added +1,452,378+1.5m
Cantillon Capital Management LLC Added +1,388,941+1.4m
Select Equity Group, L.P. Added +1,283,978+1.3m
Liontrust Investment Partners LLP New +1,213,272+1.2m
BARCLAYS PLC Added +1,121,949+1.1m
GOLDMAN SACHS GROUP INC Added +1,062,234+1.1m
PARNASSUS INVESTMENTS, LLC New +916,801+916.8k
VANGUARD GROUP INC Added +787,798+787.8k

Biggest sellers

FMR LLC Reduced -3,168,434-3.2m
BROWN BROTHERS HARRIMAN & CO Reduced -1,406,706-1.4m
NORGES BANK Reduced -1,307,516-1.3m
Aristotle Capital Management, LLC Reduced -1,146,319-1.1m
MARSHALL WACE, LLP Reduced -1,029,583-1.0m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -929,441-929.4k
JPMORGAN CHASE & CO Reduced -884,472-884.5k
BANK OF AMERICA CORP /DE/ Reduced -819,502-819.5k
Point72 Asset Management, L.P. Sold out -619,691-619.7k
VOYA INVESTMENT MANAGEMENT LLC Reduced -524,400-524.4k

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.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution filed 2025-04-23 5.9% 29.5m≈ $2.0bn 2025-04-23

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.03% of their portfolio Valley Forge, PA 20,868,09420.9m $1.9bn $1.9bn 0.03% Added +787.8k +787,798
2 FMR LLC 0.07% of their portfolio BOSTON, MA 13,996,21614.0m $1.2bn $1.2bn 0.07% Reduced -3.2m -3,168,434
3 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.21% of their portfolio NEW YORK, NY 11,651,19511.7m $1.0bn $1.0bn 0.21% Reduced -75.1k -75,112
4 NORGES BANK 0.13% of their portfolio OSLO, Q8 11,345,92411.3m $1.0bn $1.0bn 0.13% Reduced -1.3m -1,307,516
5 Aristotle Capital Management, LLC 1.88% of their portfolio LOS ANGELES, CA 11,075,44711.1m $977.8m $977.8m 1.88% Reduced -1.1m -1,146,319
6 Bank of New York Mellon Corp 0.16% of their portfolio NEW YORK, NY 9,758,9619.8m $861.5m $861.5m 0.16% Added +108.3k +108,283
7 Zurcher Kantonalbank (Zurich Cantonalbank) 1.97% of their portfolio ZURICH, V8 9,142,1399.1m $806.3m $806.3m 1.97% Added +628.3k +628,338
8 AKO CAPITAL LLP 8.60% of their portfolio LONDON, X0 7,713,4067.7m $681.5m $681.5m 8.60% Added +597.8k +597,835
9 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 7,444,9867.4m $657.2m $657.2m 0.06% Added +4.3m +4,303,198
10 Harding Loevner LP 4.16% of their portfolio Bridgewater, NJ 7,007,1817.0m $618.6m $618.6m 4.16% Reduced -117.3k -117,331
11 PRICE T ROWE ASSOCIATES INC /MD/ 0.07% of their portfolio BALTIMORE, MD 6,981,8607.0m $616.4m $616.4m 0.07% Added +2.1m +2,058,591
12 Vontobel Holding Ltd. 1.99% of their portfolio ZURICH, V8 6,841,3406.8m $605.5m $605.5m 1.99% Added +63.1k +63,124
13 Select Equity Group, L.P. 2.54% of their portfolio NEW YORK, NY 6,762,4066.8m $596.4m $596.4m 2.54% Added +1.3m +1,283,978
14 T. Rowe Price Investment Management, Inc. 0.33% of their portfolio BALTIMORE, MD 5,893,3595.9m $520.3m $520.3m 0.33% Reduced -520.4k -520,408
15 UBS Group AG 0.11% of their portfolio ZURICH, V8 5,887,6885.9m $519.8m $519.8m 0.11% Reduced -80.8k -80,825
16 Pictet Asset Management Holding SA 0.44% of their portfolio CAROUGE, V8 4,875,4234.9m $430.0m $430.0m 0.44% Added +746.3k +746,271
17 Amundi 0.15% of their portfolio Paris, I0 4,734,2644.7m $422.8m $422.8m 0.15% Added +242.5k +242,547
18 BARCLAYS PLC 0.15% of their portfolio LONDON, X0 4,201,9554.2m $370.9m $370.9m 0.15% Added +1.1m +1,121,949
19 Legal & General Group Plc 0.09% of their portfolio London, X0 4,078,0684.1m $359.7m $359.7m 0.09% Added +20.3k +20,277
20 DEUTSCHE BANK AG\ 0.12% of their portfolio FRANKFURT AM MAIN, 2M 3,833,2953.8m $338.4m $338.4m 0.12% Reduced -216.0k -216,006
21 MACKENZIE FINANCIAL CORP 0.43% of their portfolio TORONTO ONTARIO, A6 3,726,0363.7m $329.0m $329.0m 0.43% Added +237.6k +237,578
22 Sustainable Growth Advisers, LP 1.60% of their portfolio STAMFORD, CT 3,516,8553.5m $310.5m $310.5m 1.60% Added +363.1k +363,070
23 ALLIANCEBERNSTEIN L.P. 0.10% of their portfolio NASHVILLE, TN 3,317,7203.3m $292.9m $292.9m 0.10% Reduced -268.2k -268,157
24 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 3,078,0463.1m $271.7m $271.7m 0.02% Reduced -819.5k -819,502
25 Cantillon Capital Management LLC 1.46% of their portfolio New York, NY 2,853,4742.9m $251.9m $251.9m 1.46% Added +1.4m +1,388,941
26 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 2,655,5892.7m $234.4m $234.4m 0.04% Added +1.1m +1,062,234
27 Allspring Global Investments Holdings, LLC 0.37% of their portfolio CHARLOTTE, NC 2,513,6892.5m $223.8m $223.8m 0.37% Added +30.6k +30,589
28 BROWN BROTHERS HARRIMAN & CO 1.40% of their portfolio NEW YORK, NY 2,474,4602.5m $218.4m $218.4m 1.40% Reduced -1.4m -1,406,706
29 FRANKLIN RESOURCES INC 0.06% of their portfolio San Mateo, CA 2,404,0812.4m $213.3m $213.3m 0.06% Reduced -243.4k -243,368
30 CAISSE DES DEPOTS ET CONSIGNATIONS 8.98% of their portfolio PARIS, I0 2,264,0922.3m $214.4m $214.4m 8.98% Added +127.0k +127,000
31 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,214,4122.2m $195.5m $195.5m 0.01% Added +737.9k +737,894
32 NEUBERGER BERMAN GROUP LLC 0.15% of their portfolio NEW YORK, NY 2,190,4742.2m $193.4m $193.4m 0.15% Added +4.5k +4,465
33 JANUS HENDERSON GROUP PLC 0.09% of their portfolio LONDON, X0 2,189,1782.2m $193.0m $193.0m 0.09% Added +1.5m +1,452,378
34 KING LUTHER CAPITAL MANAGEMENT CORP 0.82% of their portfolio FORT WORTH, TX 2,128,4872.1m $187.9m $187.9m 0.82% Reduced -20.3k -20,326
35 Capital Research Global Investors 0.04% of their portfolio Los Angeles, CA 2,083,8392.1m $184.4m $184.4m 0.04% Added +723.8k +723,765
36 Fiera Capital Corp 0.62% of their portfolio MONTREAL, A8 2,069,4022.1m $182.7m $182.7m 0.62% Reduced -70.3k -70,301
37 Rudius Management LP 37.01% of their portfolio NEW YORK, NY 1,982,5412.0m $175.0m $175.0m 37.01% Reduced -42.2k -42,227
38 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,901,1691.9m $167.8m $167.8m 0.01% Reduced -884.5k -884,472
39 Nuveen, LLC 0.05% of their portfolio CHARLOTTE, NC 1,885,5551.9m $166.3m $166.3m 0.05% Reduced -214.3k -214,312
40 Invesco Ltd. 0.03% of their portfolio ATLANTA, GA 1,850,1561.9m $163.3m $163.3m 0.03% Reduced -321.0k -321,015
41 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,787,0751.8m $157.8m $157.8m 0.00% Reduced -294.3k -294,318
42 Bank Julius Baer & Co. Ltd, Zurich 0.39% of their portfolio ZURICH, V8 1,786,9431.8m $132.5m $132.5m 0.39% Added +326.6k +326,613
43 THORNBURG INVESTMENT MANAGEMENT INC 1.84% of their portfolio SANTA FE, NM 1,615,9941.6m $142.8m $142.8m 1.84% Added +282.5k +282,468
44 PRIMECAP MANAGEMENT CO/CA/ 0.09% of their portfolio PASADENA, CA 1,355,4861.4m $119.7m $119.7m 0.09% Added +587.3k +587,296
45 CIBC Private Wealth Group LLC 0.20% of their portfolio ATLANTA, GA 1,299,3651.3m $114.6m $114.6m 0.20% Added +49.7k +49,704
46 Liontrust Investment Partners LLP 1.53% of their portfolio LONDON, X0 1,213,2721.2m $107.0m $107.0m 1.53% New
47 ANTIPODES PARTNERS Ltd 3.09% of their portfolio ROYAL EXCHANGE, C3 1,129,0901.1m $99.6m $99.6m 3.09% Reduced -66.6k -66,622
48 CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio TORONTO ONTARIO, A6 1,053,7951.1m $93.3m $93.3m 0.08% Reduced -279.1k -279,102
49 PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.35% of their portfolio DENVER, CO 1,038,8391.0m $91.7m $91.7m 0.35% Reduced -836 -836
50 Banque Cantonale Vaudoise 3.71% of their portfolio LAUSANNE, V8 1,031,3701.0m $91.0m $91.0m 3.71% Reduced -21.1k -21,113
51 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 960,466960.5k $84.8m $84.8m 0.02% Reduced -12.8k -12,798
52 Allianz Asset Management GmbH 0.11% of their portfolio MUNICH, 2M 955,061955.1k $84.2m $84.2m 0.11% Added +434.1k +434,111
53 PARNASSUS INVESTMENTS, LLC 0.19% of their portfolio San Francisco, CA 916,801916.8k $80.9m $80.9m 0.19% New
54 Williams Jones Wealth Management, LLC. 0.96% of their portfolio NEW YORK, NY 909,848909.8k $80.3m $80.3m 0.96% Reduced -31.1k -31,086
55 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 867,205867.2k $76.6m $76.6m 0.01% Reduced -155.1k -155,084
56 Madison Asset Management, LLC 0.83% of their portfolio MADISON, WI 867,101867.1k $76.5m $76.5m 0.83% Reduced -48.1k -48,128
57 SEI INVESTMENTS CO 0.09% of their portfolio OAKS, PA 859,684859.7k $75.9m $75.9m 0.09% Added +29.6k +29,589
58 Compagnie Lombard Odier SCmA 0.97% of their portfolio 1204 GENEVA, V8 834,167834.2k $73.6m $73.6m 0.97% Added +88.1k +88,135
59 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 822,028822.0k $72.7m $72.7m 0.02% Reduced -31.4k -31,377
60 Findlay Park Partners LLP 0.74% of their portfolio LONDON, X0 810,617810.6k $71.6m $71.6m 0.74% Reduced -357.7k -357,717
61 Rokos Capital Management LLP 1.14% of their portfolio LONDON, X0 769,778769.8k $68.0m $68.0m 1.14% Added +610.3k +610,306
62 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 762,566762.6k $67.3m $67.3m 0.05% Added +5.2k +5,190
63 DekaBank Deutsche Girozentrale 0.11% of their portfolio FRANKFURT, 2M 726,793726.8k $63.8m $63.8m 0.11% Added +9.7k +9,707
64 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.07% of their portfolio FRANKFURT AM MAIN, 2M 723,897723.9k $63.8m $63.8m 0.07% Added +240.8k +240,824
65 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio Toronto, A6 716,780716.8k $63.2m $63.2m 0.06% Reduced -1.6k -1,568
66 VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio ATLANTA, GA 713,116713.1k $62.9m $62.9m 0.06% Reduced -524.4k -524,400
67 FIL Ltd 0.05% of their portfolio HAMILTON, D0 701,815701.8k $62.1m $62.1m 0.05% Reduced -66.6k -66,553
68 MACQUARIE GROUP LTD 0.07% of their portfolio Sydney, NSW 2000, C3 673,901673.9k $58.5m $58.5m 0.07% Added +141.1k +141,059
69 LGT Group Foundation 0.72% of their portfolio VADUZ, N2 650,852650.9k $57.6m $57.6m 0.72% Added +60.4k +60,426
70 TD Asset Management Inc 0.05% of their portfolio Toronto, A6 619,343619.3k $54.7m $54.7m 0.05% Reduced -56.2k -56,224
71 NICHOLAS COMPANY, INC. 0.90% of their portfolio MILWAUKEE, WI 607,730607.7k $53.7m $53.7m 0.90% Unchanged
72 AVIVA PLC 0.11% of their portfolio LONDON, X0 600,353600.4k $53.1m $53.1m 0.11% Reduced -189.1k -189,096
73 Ilex Capital Partners (UK) LLP 1.74% of their portfolio London, X0 594,610594.6k $52.4m $52.4m 1.74% New
74 Russell Investments Group, Ltd. 0.07% of their portfolio Seattle, WA 586,740586.7k $51.8m $51.8m 0.07% Reduced -39.5k -39,472
75 BANQUE PICTET & CIE SA 0.51% of their portfolio GENEVA 73, V8 554,731554.7k $48.9m $48.9m 0.51% Added +115.7k +115,718
76 FRONTIER CAPITAL MANAGEMENT CO LLC 0.44% of their portfolio Boston, MA 533,880533.9k $47.1m $47.1m 0.44% Reduced -33.5k -33,513
77 Vestal Point Capital, LP 2.44% of their portfolio NEW YORK, NY 525,000525.0k $46.3m $46.3m 2.44% New
78 Davidson Kempner Capital Management LP 0.69% of their portfolio New York, NY 509,362509.4k $45.1m $45.1m 0.69% Added +68.9k +68,859
79 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 502,193502.2k $44.3m $44.3m 0.05% Reduced -1.0m -1,029,583
80 BRIDGES INVESTMENT MANAGEMENT INC 0.53% of their portfolio OMAHA, NE 440,438440.4k $38.9m $38.9m 0.53% Reduced -2.8k -2,820
81 Birch Hill Investment Advisors LLC 1.72% of their portfolio Boston, MA 437,677437.7k $38.6m $38.6m 1.72% Added +20.5k +20,538
82 Korea Investment CORP 0.08% of their portfolio SEOUL, M5 412,021412.0k $36.3m $36.3m 0.08% Reduced -4.7k -4,699
83 Dundas Partners LLP 2.41% of their portfolio EDINBURGH, X0 391,786391.8k $34.7m $34.7m 2.41% Reduced -14.7k -14,689
84 NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio MONTREAL, A8 389,414389.4k $34.5m $34.5m 0.04% Added +278.2k +278,161
85 AXA S.A. 0.10% of their portfolio PARIS, I0 380,532380.5k $33.6m $33.6m 0.10% Added +7.7k +7,660
86 Cerity Partners LLC 0.06% of their portfolio NEW YORK, NY 377,104377.1k $33.3m $33.3m 0.06% Added +3.6k +3,580
87 State of Tennessee, Department of Treasury 0.12% of their portfolio NASHVILLE, TN 372,407372.4k $32.8m $32.8m 0.12% Unchanged
88 SIRIOS CAPITAL MANAGEMENT L P 4.75% of their portfolio BOSTON, MA 370,882370.9k $32.7m $32.7m 4.75% Reduced -5.4k -5,419
89 Ceredex Value Advisors LLC 0.67% of their portfolio WINTER PARK, FL 352,435352.4k $31.1m $31.1m 0.67% New
90 BRADLEY FOSTER & SARGENT INC/CT 0.48% of their portfolio HARTFORD, CT 348,852348.9k $30.8m $30.8m 0.48% Added +314.2k +314,204
91 Canoe Financial LP 0.43% of their portfolio CALGARY, A0 340,728340.7k $30.2m $30.2m 0.43% Reduced -41.2k -41,201
92 Reynders McVeigh Capital Management, LLC 1.50% of their portfolio BOSTON, MA 339,940339.9k $30.0m $30.0m 1.50% Added +5.9k +5,885
93 Alyeska Investment Group, L.P. 0.11% of their portfolio CHICAGO, IL 336,381336.4k $29.7m $29.7m 0.11% Reduced -67.0k -67,041
94 Ruffer LLP 1.21% of their portfolio LONDON, X0 308,649308.6k $27.3m $27.3m 1.21% New
95 Pictet North America Advisors SA 2.57% of their portfolio GENEVA 73, V8 290,947290.9k $25.7m $25.7m 2.57% Added +45.5k +45,467
96 BLI - Banque de Luxembourg Investments 0.71% of their portfolio LUXEMBOURG CITY, N4 282,024282.0k $24.8m $24.8m 0.71% Reduced -94.6k -94,615
97 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 280,648280.6k $24.8m $24.8m 0.01% Added +19.0k +18,998
98 AMF Tjanstepension AB 0.16% of their portfolio STOCKHOLM, V7 272,821272.8k $24.3m $24.3m 0.16% Unchanged
99 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 271,833271.8k $24.0m $24.0m 0.03% Reduced -9.6k -9,630
100 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 264,323264.3k $23.3m $23.3m 0.01% Added +24.7k +24,717