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 ($31.8m this quarter). Holder counts are more reliable. Shares outstanding: 487.4m as of 2025-12-31, 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 ≈ $74.67. Options: 13 managers hold calls ($274.5m notional), 22 hold puts ($446.8m).
Trends to Q1 2026
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 |
| Q3 2025 | 639 |
| Q4 2025 | 657 |
| Q1 2026 | 656 |
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 2024 | 272 | 266 |
| Q3 2024 | 272 | 289 |
| Q4 2024 | 250 | 300 |
| Q1 2025 | 266 | 294 |
| Q2 2025 | 265 | 297 |
| Q3 2025 | 275 | 313 |
| Q4 2025 | 275 | 295 |
| Q1 2026 | 263 | 317 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $1.0bn | $317.2m | 0.31 |
| Q3 2025 | $1.1bn | $552.3m | 0.51 |
| Q4 2025 | $1.1bn | $577.4m | 0.54 |
| Q1 2026 | $274.5m | $446.8m | 1.63 |
Biggest buyers
| Bank of New York Mellon Corp | Added | +2.5m |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Added | +1.7m |
| FMR LLC | Added | +1.7m |
| AKO CAPITAL LLP | Added | +1.6m |
| Southpoint Capital Advisors LP | Added | +1.4m |
| Allspring Global Investments Holdings, LLC | Added | +1.3m |
| Vontobel Holding Ltd. | Added | +1.1m |
| GOLDMAN SACHS GROUP INC | Added | +1.1m |
| Davidson Kempner Capital Management LP | Added | +971.7k |
| CITIGROUP INC | Added | +514.7k |
Biggest sellers
| Harding Loevner LP | Reduced | -4.8m |
| T. Rowe Price Investment Management, Inc. | Sold out | -3.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Sold out | -3.2m |
| BARCLAYS PLC | Reduced | -1.5m |
| Liontrust Investment Partners LLP | Sold out | -1.4m |
| JPMORGAN CHASE & CO | Reduced | -1.3m |
| Sustainable Growth Advisers, LP | Reduced | -1.0m |
| BANK OF AMERICA CORP /DE/ | Reduced | -880.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -797.8k |
| FRANKLIN RESOURCES INC | Reduced | -766.4k |
Biggest calls
| UBS Group AG | Reduced | $227.2m3.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.3m175.9k shares |
| SIH Partners, LLLP | Reduced | $12.2m161.8k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $9.8m130.0k shares |
| Walleye Trading LLC | Added | $3.5m46.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $2.8m42.3k shares |
| Walleye Capital LLC | Reduced | $1.8m24.3k shares |
| CITADEL ADVISORS LLC | Added | $1.8m23.3k shares |
| JANE STREET GROUP, LLC | Reduced | $949.4k12.6k shares |
| Qube Research & Technologies Ltd | New | $756.2k10.2k shares |
Biggest puts
| SIH Partners, LLLP | Reduced | $262.7m3.5m shares |
| Qube Research & Technologies Ltd | Reduced | $71.6m965.5k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $35.5m470.8k shares |
| Optiver Holding B.V. | Reduced | $15.7m207.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $14.3m190.3k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $8.5m144.0k shares |
| CITADEL ADVISORS LLC | Reduced | $7.1m93.8k shares |
| JPMORGAN CHASE & CO | Reduced | $6.4m87.5k shares |
| UBS Group AG | Unchanged | $5.7m75.0k shares |
| CREDIT INDUSTRIEL ET COMMERCIAL | Reduced | $5.6m75.0k 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 2026
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 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Bank of New York Mellon Corp 0.22% of their portfolio | 15.7m $1.2bn | Added +2.5m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 14.9m $1.1bn | First filing |
| FMR LLC 0.05% of their portfolio | 12.4m $938.3m | Added +1.7m |
| Aristotle Capital Management, LLC 1.53% of their portfolio | 9.7m $732.5m | Reduced -427.5k |
| AKO CAPITAL LLP 13.62% of their portfolio | 9.3m $695.6m | Added +1.6m |
| Zurcher Kantonalbank (Zurich Cantonalbank) 1.29% of their portfolio | 8.0m $591.7m | Added +282.8k |
| UBS Group AG 0.08% of their portfolio | 5.9m $446.9m | Reduced -531.8k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 5.8m $438.9m | Added +1.1m |
| Amundi 0.12% of their portfolio | 5.7m $430.1m | Added +427.2k |
| Select Equity Group, L.P. 2.23% of their portfolio | 5.7m $418.6m | Reduced -542.0k |
| Vontobel Holding Ltd. 1.39% of their portfolio | 5.5m $405.0m | Added +1.1m |
| DEUTSCHE BANK AG\ 0.12% of their portfolio | 5.0m $375.2m | Reduced -243.7k |
| Pictet Asset Management Holding SA 0.39% of their portfolio | 5.0m $367.2m | Added +11.5k |
| VANGUARD FIDUCIARY TRUST CO 0.08% of their portfolio | 4.4m $329.2m | First filing |
| FRANKLIN RESOURCES INC 0.08% of their portfolio | 4.3m $324.6m | Reduced -766.4k |
| ROYAL BANK OF CANADA 0.06% of their portfolio | 4.2m $313.4m | Added +21.5k |
| Allspring Global Investments Holdings, LLC 0.52% of their portfolio | 4.1m $311.8m | Added +1.3m |
| Legal & General Group Plc 0.07% of their portfolio | 4.0m $291.4m | Added +53.2k |
| Southpoint Capital Advisors LP 5.27% of their portfolio | 3.4m $256.2m | Added +1.4m |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 3.1m $234.7m | Reduced -880.8k |
| Troy Asset Management Ltd 5.28% of their portfolio | 3.0m $177.1m | Added +1.4k |
| BARCLAYS PLC 0.08% of their portfolio | 2.8m $213.0m | Reduced -1.5m |
| Cantillon Capital Management LLC 1.26% of their portfolio | 2.5m $188.9m | Reduced -338.0k |
| Clearbridge Investments, LLC 0.16% of their portfolio | 2.4m $178.3m | Added +237.3k |
| CAISSE DES DEPOTS ET CONSIGNATIONS 2.89% of their portfolio | 2.4m $175.1m | Added +110.0k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.19% of their portfolio | 2.2m $161.3m | Added +1.7m |
| VANGUARD ASSET MANAGEMENT, Ltd 0.13% of their portfolio | 2.1m $156.8m | First filing |
| Fiera Capital Corp 0.53% of their portfolio | 2.1m $155.3m | Added +32.7k |
| BROWN BROTHERS HARRIMAN & CO 0.83% of their portfolio | 2.1m $154.6m | Reduced -289.7k |
| CIBC Bancorp USA Inc. 0.17% of their portfolio | 1.9m $126.2m | First filing |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.62% of their portfolio | 1.9m $143.7m | Reduced -106.4k |
| Rudius Management LP 37.76% of their portfolio | 1.8m $135.0m | Reduced -353.3k |
| THORNBURG INVESTMENT MANAGEMENT INC 1.33% of their portfolio | 1.7m $128.4m | Reduced -39.0k |
| Bank Julius Baer & Co. Ltd, Zurich 0.36% of their portfolio | 1.6m $120.0m | Added +118.1k |
| Focus Partners Wealth 0.13% of their portfolio | 1.6m $117.4m | Added +81.2k |
| MORGAN STANLEY 0.01% of their portfolio | 1.5m $116.0m | Added +120.8k |
| CITIGROUP INC 0.07% of their portfolio | 1.4m $106.2m | Added +514.7k |
| Compagnie Lombard Odier SCmA 1.27% of their portfolio | 1.4m $103.5m | Added +388.7k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.4m $99.5m | Reduced -1.3m |
| PRIMECAP MANAGEMENT CO/CA/ 0.08% of their portfolio | 1.3m $101.0m | Unchanged |
| CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio | 1.3m $98.9m | Added +83.3k |
| Davidson Kempner Capital Management LP 1.74% of their portfolio | 1.3m $97.9m | Added +971.7k |
| Ilex Capital Partners (UK) LLP 2.28% of their portfolio | 1.2m $92.5m | Added +70.1k |
| Allianz Asset Management GmbH 0.10% of their portfolio | 1.2m $88.7m | Reduced -34.4k |
| Point72 Asset Management, L.P. 0.15% of their portfolio | 1.2m $88.0m | Reduced -608.4k |
| D. E. Shaw & Co., Inc. 0.07% of their portfolio | 1.2m $87.5m | Added +83.4k |
| Banque Cantonale Vaudoise 3.12% of their portfolio | 1.1m $82.8m | Added +87.3k |
| Nuveen, LLC 0.02% of their portfolio | 1.1m $82.7m | Reduced -367.6k |
| Sustainable Growth Advisers, LP 0.78% of their portfolio | 1.1m $83.0m | Reduced -1.0m |
| SEI INVESTMENTS CO 0.07% of their portfolio | 936.9k $70.6m | Added +30.0k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 927.6k $69.9m | Added +380.3k |
| Williams Jones Wealth Management, LLC. 0.75% of their portfolio | 813.9k $61.3m | Reduced -9.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 812.4k $60.9m | Reduced -797.8k |
| Vestal Point Capital, LP 1.69% of their portfolio | 800.0k $60.3m | Reduced -305.0k |
| SEB Asset Management AB 0.24% of their portfolio | 775.8k $57.2m | First filing |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 760.5k $56.3m | Reduced -37.5k |
| Ninety One North America, Inc. 2.48% of their portfolio | 747.6k $55.1m | Added +19.3k |
| Sofinnova Investments, Inc. 2.76% of their portfolio | 730.0k $55.0m | Added +397.5k |
| DekaBank Deutsche Girozentrale 0.09% of their portfolio | 726.8k $54.8m | Unchanged |
| NORTHERN TRUST CORP 0.01% of their portfolio | 720.2k $54.3m | Reduced -172.9k |
| State of Tennessee, Department of Treasury 0.17% of their portfolio | 703.4k $51.9m | Added +224.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 699.0k $52.4m | Reduced -26.8k |
| M&G PLC 0.27% of their portfolio | 698.1k $51.5m | Added +59.9k |
| ANCHOR CAPITAL ADVISORS LLC 1.49% of their portfolio | 696.7k $52.5m | Reduced -19.9k |
| NICHOLAS COMPANY, INC. 1.02% of their portfolio | 688.4k $51.9m | Reduced -200 |
| BlackRock, Inc. 0.00% of their portfolio | 684.1k $51.5m | Added +80.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 675.5k $50.9m | Reduced -44.1k |
| LGT Group Foundation 0.58% of their portfolio | 642.7k $47.6m | Reduced -293.2k |
| BANQUE PICTET & CIE SA 0.53% of their portfolio | 615.6k $45.4m | Reduced -18.0k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 585.6k $44.1m | Added +88.0k |
| AVIVA PLC 0.07% of their portfolio | 574.8k $42.4m | Added +7.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 504.2k $38.0m | Added +315.8k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.11% of their portfolio | 477.2k $35.3m | Added +43.5k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 474.4k $35.0m | Added +19.1k |
| 1832 Asset Management L.P. 0.05% of their portfolio | 473.5k $35.7m | Reduced -708.1k |
| Cerity Partners LLC 0.05% of their portfolio | 467.0k $35.2m | Reduced -7.1k |
| SIH Partners, LLLP 1.01% of their portfolio | 436.9k $32.9m | Added +293.4k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 436.9k $32.9m | Reduced -135.2k |
| Pictet North America Advisors SA 3.04% of their portfolio | 414.4k $30.6m | Added +26.4k |
| Birch Hill Investment Advisors LLC 1.40% of their portfolio | 414.1k $31.2m | Reduced -27.7k |
| BRIDGES INVESTMENT MANAGEMENT INC 0.42% of their portfolio | 409.0k $30.8m | Reduced -3.2k |
| SCHWARTZ INVESTMENT COUNSEL INC 1.08% of their portfolio | 405.0k $30.5m | Reduced -42.5k |
| Zurich Insurance Group Ltd/FI 0.23% of their portfolio | 403.7k $29.8m | Added +302.8k |
| CREDIT AGRICOLE S A 0.10% of their portfolio | 403.0k $30.4m | Added +64.0k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 369.5k $27.8m | Added +203.0k |
| Invesco Ltd. 0.00% of their portfolio | 359.6k $27.1m | Added +103.4k |
| MACKENZIE FINANCIAL CORP 0.03% of their portfolio | 343.5k $25.6m | Added +30.2k |
| Rathbones Group PLC 0.05% of their portfolio | 324.3k $23.9m | Reduced -12.8k |
| FIL Ltd 0.02% of their portfolio | 320.7k $24.2m | Reduced -195.2k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 314.0k $23.3m | Reduced -2.8k |
| Douglas Lane & Associates, LLC 0.34% of their portfolio | 312.2k $23.5m | Added +22.1k |
| J. Safra Sarasin Holding AG 0.37% of their portfolio | 296.5k $21.9m | Added +19.2k |
| Reynders McVeigh Capital Management, LLC 1.13% of their portfolio | 296.4k $22.3m | Reduced -13.4k |
| Madison Asset Management, LLC 0.28% of their portfolio | 296.1k $22.3m | Reduced -24.8k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 291.4k $21.5m | Reduced -6.2k |
| Susquehanna Portfolio Strategies, LLC 0.32% of their portfolio | 282.7k $21.3m | Added +86.2k |
| Korea Investment CORP 0.04% of their portfolio | 279.9k $20.6m | Reduced -132.9k |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 274.3k $20.7m | Added +18.0k |
| Public Sector Pension Investment Board 0.06% of their portfolio | 268.2k $20.2m | Added +16.2k |
| Engineers Gate Manager LP 0.25% of their portfolio | 262.7k $19.8m | Reduced -16.3k |