CNH INDL N V CNH
SHS · Common Stock · CUSIP N20944109
Global capital goods company
* 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 ($120.8m this quarter). Holder counts are more reliable. Shares outstanding: 1.3bn as of 2024-06-30, 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 ≈ $10.12. Options: 14 managers hold calls ($4.5m notional), 5 hold puts ($4.9m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 259 |
| Q4 2022 | 277 |
| Q1 2023 | 309 |
| Q2 2023 | 317 |
| Q3 2023 | 331 |
| Q4 2023 | 381 |
| Q1 2024 | 418 |
| Q2 2024 | 451 |
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 | 129 | 124 |
| Q1 2023 | 164 | 125 |
| Q2 2023 | 172 | 141 |
| Q3 2023 | 157 | 164 |
| Q4 2023 | 231 | 164 |
| Q1 2024 | 264 | 158 |
| Q2 2024 | 243 | 203 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $6.9m | $2.6m | 0.38 |
| Q4 2023 | $23.2m | $18.2m | 0.78 |
| Q1 2024 | $40.2m | $14.5m | 0.36 |
| Q2 2024 | $4.5m | $4.9m | 1.09 |
Biggest buyers
| Tweedy, Browne Co LLC | Added | +14.3m |
| FRANKLIN RESOURCES INC | Added | +10.6m |
| AQR CAPITAL MANAGEMENT LLC | Added | +8.5m |
| HARRIS ASSOCIATES L P | Added | +6.6m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +4.2m |
| Nuveen Asset Management, LLC | Added | +3.9m |
| BlackRock Inc. | Added | +2.9m |
| LSV ASSET MANAGEMENT | Added | +2.7m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +2.6m |
| ANCHOR CAPITAL ADVISORS LLC | Added | +2.5m |
Biggest sellers
| VIKING GLOBAL INVESTORS LP | Sold out | -12.0m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -9.5m |
| MORGAN STANLEY | Reduced | -9.4m |
| PARNASSUS INVESTMENTS, LLC | Sold out | -6.0m |
| Amundi | Reduced | -5.9m |
| NORGES BANK | Reduced | -4.3m |
| Clearbridge Investments, LLC | Reduced | -3.9m |
| Orbis Allan Gray Ltd | Sold out | -3.9m |
| Pictet Asset Management Holding SA | Reduced | -2.6m |
| MARSHALL WACE, LLP | Reduced | -2.4m |
Biggest calls
| Cubist Systematic Strategies, LLC | Reduced | $1.1m111.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $813.0k80.3k shares |
| Walleye Capital LLC | New | $675.7k66.7k shares |
| JANE STREET GROUP, LLC | Added | $350.5k34.6k shares |
| CITIGROUP INC | New | $324.2k32.0k shares |
| WOLVERINE TRADING, LLC | Added | $303.9k30.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $263.4k26.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $193.5k19.1k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $192.5k19.0k shares |
| CITADEL ADVISORS LLC | Added | $185.4k18.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.5m147.0k shares |
| CITADEL ADVISORS LLC | Added | $1.4m136.1k shares |
| GROUP ONE TRADING LLC | Added | $1.0m100.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $972.0k96.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 -1.6 pts · filed 2026-10-27 | 6.3% |
Fell to 5% or below in the last year: HARRIS ASSOCIATES L P (4.7%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales in Q2 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 Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| HARRIS ASSOCIATES L P 2.58% of their portfolio | 150.6m $1.5bn | Added +6.6m |
| BlackRock Inc. 0.02% of their portfolio | 82.8m $838.9m | Added +2.9m |
| FRANKLIN RESOURCES INC 0.19% of their portfolio | 62.3m $630.8m | Added +10.6m |
| VANGUARD GROUP INC 0.01% of their portfolio | 33.1m $335.8m | Added +2.2m |
| Artisan Partners Limited Partnership 0.49% of their portfolio | 32.1m $325.1m | Reduced -473.8k |
| STATE STREET CORP 0.01% of their portfolio | 27.0m $273.4m | Reduced -815.0k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.80% of their portfolio | 22.5m $228.4m | Added +2.4m |
| LSV ASSET MANAGEMENT 0.39% of their portfolio | 17.5m $176.9m | Added +2.7m |
| Bank of Italy 6.24% of their portfolio | 16.4m $164.6m | Unchanged |
| Tweedy, Browne Co LLC 7.16% of their portfolio | 15.4m $155.6m | Added +14.3m |
| Marathon Asset Management Ltd 4.85% of their portfolio | 15.3m $154.8m | Reduced -1.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 14.4m $145.8m | Added +91.0k |
| MORGAN STANLEY 0.01% of their portfolio | 12.7m $129.0m | Reduced -9.4m |
| Amundi 0.04% of their portfolio | 11.5m $113.7m | Reduced -5.9m |
| AQR CAPITAL MANAGEMENT LLC 0.17% of their portfolio | 10.8m $109.4m | Added +8.5m |
| THOMPSON SIEGEL & WALMSLEY LLC 1.71% of their portfolio | 10.5m $106.7m | Added +131.3k |
| Perpetual Ltd 1.13% of their portfolio | 10.2m $103.8m | Added +170.3k |
| FMR LLC 0.01% of their portfolio | 9.0m $91.1m | Added +1.2m |
| JANE STREET GROUP, LLC 0.10% of their portfolio | 8.9m $90.0m | Added +568.6k |
| GAMCO INVESTORS, INC. ET AL 0.92% of their portfolio | 8.3m $84.5m | Reduced -200.6k |
| FIL Ltd 0.08% of their portfolio | 8.2m $83.0m | Added +2.0m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 7.6m $77.0m | Added +561.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 7.2m $73.4m | Added +4.2m |
| GABELLI FUNDS LLC 0.55% of their portfolio | 7.1m $72.2m | Added +6.8k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 3.10% of their portfolio | 7.0m $71.2m | Reduced -459.9k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 6.5m $66.0m | Added +3.9m |
| Thrivent Financial for Lutherans 0.12% of their portfolio | 6.0m $60.4m | Reduced -51.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.2m $52.7m | Reduced -816.4k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 4.9m $49.5m | Reduced -297.2k |
| Legal & General Group Plc 0.01% of their portfolio | 4.9m $49.4m | Reduced -244.3k |
| Point72 Asset Management, L.P. 0.16% of their portfolio | 4.9m $49.4m | Added +2.2m |
| Pictet Asset Management Holding SA 0.05% of their portfolio | 4.4m $44.3m | Reduced -2.6m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.07% of their portfolio | 4.2m $42.9m | Added +2.6m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.15% of their portfolio | 4.0m $40.2m | Reduced -915.6k |
| ExodusPoint Capital Management, LP 0.43% of their portfolio | 3.8m $38.9m | Added +1.3m |
| Invesco Ltd. 0.01% of their portfolio | 3.6m $37.0m | Added +584.1k |
| NORGES BANK 0.01% of their portfolio | 3.6m $36.0m | Reduced -4.3m |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 3.5m $35.1m | Added +376.2k |
| Aberdeen Group plc 0.07% of their portfolio | 3.4m $34.4m | Reduced -569.8k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 3.3m $33.4m | Reduced -9.5m |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.13% of their portfolio | 3.2m $32.6m | Reduced -1.3m |
| ANCHOR CAPITAL ADVISORS LLC 0.91% of their portfolio | 3.2m $32.4m | Added +2.5m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.2m $32.4m | Reduced -369.3k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 3.2m $31.9m | Added +778.3k |
| Verition Fund Management LLC 0.24% of their portfolio | 3.1m $31.0m | Added +1.5m |
| MARSHALL WACE, LLP 0.04% of their portfolio | 3.0m $29.9m | Reduced -2.4m |
| ARIEL INVESTMENTS, LLC 0.32% of their portfolio | 2.9m $29.7m | Added +417.1k |
| TUDOR INVESTMENT CORP ET AL 0.33% of their portfolio | 2.9m $29.6m | Added +1.5m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.8m $28.5m | Added +579.7k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.7m $27.6m | Reduced -143.5k |
| Voss Capital, LP 2.75% of their portfolio | 2.7m $27.5m | Reduced -459.0k |
| TWO SIGMA ADVISERS, LP 0.06% of their portfolio | 2.6m $26.4m | Added +260.5k |
| Swiss National Bank 0.02% of their portfolio | 2.6m $26.1m | Reduced -416.0k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 2.4m $23.9m | Added +68.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 2.1m $21.4m | Reduced -814.4k |
| BARCLAYS PLC 0.01% of their portfolio | 2.1m $21.4m | Reduced -473.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 2.0m $20.0m | Added +937.0k |
| Ninety One UK Ltd 0.05% of their portfolio | 1.9m $19.4m | New |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 1.9m $19.2m | Added +241.5k |
| UBS Group AG 0.01% of their portfolio | 1.9m $19.2m | Reduced -181.9k |
| VAN ECK ASSOCIATES CORP 0.03% of their portfolio | 1.9m $18.8m | Reduced -478.0k |
| GREAT LAKES ADVISORS, LLC 0.16% of their portfolio | 1.8m $17.9m | Added +87.3k |
| Impax Asset Management Group plc 0.07% of their portfolio | 1.8m $17.8m | New |
| Trinity Street Asset Management LLP 1.52% of their portfolio | 1.7m $17.2m | New |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 1.6m $16.7m | Added +888.2k |
| California Public Employees Retirement System 0.01% of their portfolio | 1.6m $16.5m | Added +176.2k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.6m $16.4m | Added +522.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.6m $16.2m | Reduced -643.6k |
| CAMBIAR INVESTORS LLC 0.60% of their portfolio | 1.5m $15.4m | Added +419.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 1.5m $15.0m | Reduced -125.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.4m $14.5m | Added +490.5k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 1.2m $12.5m | Reduced -1.7m |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.1m $11.4m | New |
| KBC Group NV 0.03% of their portfolio | 1.1m $10.9m | Added +649.3k |
| Susquehanna International Group Ltd. 2.60% of their portfolio | 1.0m $10.4m | Reduced -1.7m |
| National Pension Service 0.01% of their portfolio | 1.0m $10.3m | Unchanged |
| Clearbridge Investments, LLC 0.01% of their portfolio | 1.0m $10.2m | Reduced -3.9m |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 914.7k $9.3m | Reduced -13.0k |
| Tensile Capital Management LP 1.02% of their portfolio | 911.0k $9.2m | Added +326.6k |
| Swedbank AB 0.01% of their portfolio | 898.2k $9.1m | Unchanged |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 896.4k $9.1m | Reduced -115.9k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 887.3k $9.0m | Reduced -2.3m |
| CapitalatWork S.A. 0.29% of their portfolio | 846.0k $8.6m | Added +486.5k |
| CITIGROUP INC 0.01% of their portfolio | 798.6k $8.1m | Added +349.2k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 790.3k $7.9m | Reduced -27.3k |
| AVIVA PLC 0.02% of their portfolio | 773.3k $7.8m | Reduced -383.4k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.02% of their portfolio | 724.9k $7.3m | Added +391.6k |
| Altrius Capital Management Inc 1.89% of their portfolio | 708.4k $7.2m | Added +71.6k |
| BRANDES INVESTMENT PARTNERS, LP 0.09% of their portfolio | 698.1k $7.1m | New |
| Susquehanna International Securities, Ltd. 2.58% of their portfolio | 695.1k $7.0m | Reduced -10.9k |
| LYRICAL ASSET MANAGEMENT LP 0.11% of their portfolio | 694.7k $7.0m | Added +18.2k |
| Timber Creek Capital Management LLC 2.09% of their portfolio | 684.3k $6.9m | Added +115.0k |
| Quadrature Capital Ltd 0.12% of their portfolio | 683.1k $6.9m | Reduced -802.8k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.16% of their portfolio | 669.1k $6.8m | New |
| AustralianSuper Pty Ltd 0.04% of their portfolio | 652.1k $6.6m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 647.9k $6.6m | Reduced -24.9k |
| FOUNDATION RESOURCE MANAGEMENT INC 1.03% of their portfolio | 635.2k $6.4m | Added +2.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 631.7k $6.4m | Added +183.1k |
| STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio | 625.0k $6.3m | Reduced -218.6k |
| MANGROVE PARTNERS IM, LLC 0.49% of their portfolio | 607.7k $6.2m | Unchanged |