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 ($24.2m this quarter). Holder counts are more reliable. Shares outstanding: 1.2bn as of 2026-03-31, 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 ≈ $10.94. Options: 15 managers hold calls ($48.9m notional), 10 hold puts ($6.7m).
Trends to Q1 2026
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 |
| Q3 2024 | 452 |
| Q4 2024 | 503 |
| Q1 2025 | 543 |
| Q2 2025 | 540 |
| Q3 2025 | 539 |
| Q4 2025 | 532 |
| Q1 2026 | 541 |
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 | 243 | 203 |
| Q3 2024 | 245 | 213 |
| Q4 2024 | 271 | 196 |
| Q1 2025 | 312 | 225 |
| Q2 2025 | 281 | 265 |
| Q3 2025 | 265 | 265 |
| Q4 2025 | 241 | 300 |
| Q1 2026 | 289 | 242 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $53.0m | $10.5m | 0.20 |
| Q3 2025 | $40.9m | $2.4m | 0.06 |
| Q4 2025 | $7.7m | $1.8m | 0.23 |
| Q1 2026 | $48.9m | $6.7m | 0.14 |
Biggest buyers
| FRANKLIN RESOURCES INC | Added | +21.7m |
| Bank of New York Mellon Corp | Added | +13.4m |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Added | +8.4m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | New | +8.2m |
| First Pacific Advisors, LP | New | +4.8m |
| ALLIANCEBERNSTEIN L.P. | Added | +4.0m |
| TWO SIGMA INVESTMENTS, LP | New | +3.6m |
| Permian Investment Partners, LP | New | +3.6m |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | Added | +3.5m |
| PARNASSUS INVESTMENTS, LLC | Added | +2.8m |
Biggest sellers
| HARRIS ASSOCIATES L P | Reduced | -15.3m |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -8.0m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -6.8m |
| BlackRock, Inc. | Reduced | -6.1m |
| FIL Ltd | Reduced | -5.3m |
| Squarepoint Ops LLC | Reduced | -4.4m |
| River Road Asset Management, LLC | Reduced | -4.3m |
| UBS Group AG | Reduced | -3.8m |
| Point72 Asset Management, L.P. | Sold out | -3.3m |
| TUDOR INVESTMENT CORP ET AL | Sold out | -3.3m |
Biggest calls
| WELLS FARGO & COMPANY/MN | New | $14.8m1.4m shares |
| Walleye Trading LLC | Added | $5.7m515.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.7m515.1k shares |
| CITADEL ADVISORS LLC | Added | $4.0m367.4k shares |
| JANE STREET GROUP, LLC | Added | $3.5m321.6k shares |
| IMC-Chicago, LLC | Added | $2.9m261.8k shares |
| D. E. Shaw & Co., Inc. | New | $2.8m250.0k shares |
| NOMURA HOLDINGS INC | Reduced | $2.6m239.0k shares |
| SIMPLEX TRADING, LLC | Added | $2.5m226.0k shares |
| GROUP ONE TRADING LLC | Reduced | $2.3m212.4k shares |
Biggest puts
| Parallax Volatility Advisers, L.P. | New | $2.2m200.8k shares |
| CITADEL ADVISORS LLC | Reduced | $823.9k74.9k shares |
| Caption Management, LLC | New | $800.8k72.8k shares |
| HRT FINANCIAL LP | New | $800.0k72.8k shares |
| IMC-Chicago, LLC | Added | $756.8k68.8k shares |
| Walleye Trading LLC | Added | $445.5k40.5k shares |
| JANE STREET GROUP, LLC | Added | $445.5k40.5k shares |
| GROUP ONE TRADING LLC | Added | $374.0k34.0k shares |
| Walleye Capital LLC | New | $75.9k6.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $28.6k2.6k 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 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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 9 | $4.8m | — |
| Q2 2025 | 0 | — | 15 | $788.3k | — |
| Q3 2025 | 0 | — | 1 | $153.8k | — |
| Q4 2025 | 3 | $700.2k | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 113.1m $1.2bn | Reduced -6.1m |
| HARRIS ASSOCIATES L P 0.85% of their portfolio | 58.1m $639.4m | Reduced -15.3m |
| FRANKLIN RESOURCES INC 0.13% of their portfolio | 46.6m $513.1m | Added +21.7m |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.48% of their portfolio | 43.6m $479.9m | Added +8.4m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 38.0m $418.4m | First filing |
| STATE STREET CORP 0.01% of their portfolio | 37.8m $416.2m | Added +412.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 37.0m $407.5m | First filing |
| Artisan Partners Limited Partnership 0.56% of their portfolio | 31.3m $344.7m | Reduced -489.1k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 29.2m $321.2m | Added +2.4m |
| ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio | 21.3m $196.4m | Added +4.0m |
| Tweedy, Browne Co LLC 17.61% of their portfolio | 20.2m $221.7m | Reduced -30.6k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 18.4m $202.7m | Added +13.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 18.1m $199.0m | Added +1.1m |
| Marathon Asset Management Ltd 4.92% of their portfolio | 11.7m $128.3m | Reduced -252.8k |
| LSV ASSET MANAGEMENT 0.27% of their portfolio | 11.4m $125.1m | Reduced -1.5m |
| Thrivent Financial for Lutherans 0.21% of their portfolio | 9.9m $108.4m | Added +1.6m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 9.8m $107.7m | Added +38.0k |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 9.3m $98.6m | Reduced -8.0m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 8.6m $94.2m | Added +112.8k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.29% of their portfolio | 8.2m $90.0m | New |
| GAMCO INVESTORS, INC. ET AL 0.81% of their portfolio | 7.5m $82.2m | Reduced -285.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 7.4m $81.7m | Reduced -1.1m |
| MORGAN STANLEY 0.00% of their portfolio | 7.4m $81.4m | Reduced -2.7m |
| GABELLI FUNDS LLC 0.53% of their portfolio | 7.1m $77.9m | Added +19.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 6.8m $75.1m | Reduced -281.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 5.8m $64.2m | Added +4.1k |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 5.4m $59.9m | First filing |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio | 5.4m $56.6m | Reduced -628.0k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 4.9m $53.7m | Added +1.7m |
| First Pacific Advisors, LP 0.74% of their portfolio | 4.8m $52.9m | New |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 4.8m $52.7m | Added +1.5m |
| SEI INVESTMENTS CO 0.05% of their portfolio | 4.7m $51.3m | Added +1.8m |
| ANCHOR CAPITAL ADVISORS LLC 1.45% of their portfolio | 4.6m $50.8m | Added +1.5m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 4.3m $47.6m | Reduced -801.2k |
| DME Capital Management, LP 1.44% of their portfolio | 4.2m $46.1m | Reduced -1.6m |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 4.0m $44.1m | Added +2.5m |
| UBS Group AG 0.01% of their portfolio | 3.9m $42.4m | Reduced -3.8m |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 2.01% of their portfolio | 3.7m $40.9m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 3.6m $40.0m | New |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.35% of their portfolio | 3.6m $39.9m | Added +508.1k |
| Permian Investment Partners, LP 4.40% of their portfolio | 3.6m $39.8m | New |
| Pictet Asset Management Holding SA 0.04% of their portfolio | 3.6m $39.7m | Reduced -1.6m |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.07% of their portfolio | 3.6m $39.7m | Added +3.5m |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 3.5m $38.9m | Added +214.4k |
| Legal & General Group Plc 0.01% of their portfolio | 3.4m $37.9m | Reduced -877.4k |
| Squarepoint Ops LLC 0.07% of their portfolio | 3.1m $34.4m | Reduced -4.4m |
| MACKENZIE FINANCIAL CORP 0.04% of their portfolio | 3.1m $34.0m | Reduced -509.8k |
| Invesco Ltd. 0.00% of their portfolio | 3.0m $33.1m | Reduced -222.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.9m $30.5m | Reduced -632.2k |
| PARNASSUS INVESTMENTS, LLC 0.09% of their portfolio | 2.9m $31.5m | Added +2.8m |
| MARSHALL WACE, LLP 0.03% of their portfolio | 2.7m $30.2m | Reduced -1.4m |
| GREAT LAKES ADVISORS, LLC 0.25% of their portfolio | 2.7m $30.1m | Reduced -614.2k |
| BRANDES INVESTMENT PARTNERS, LP 0.21% of their portfolio | 2.7m $29.9m | Added +15.6k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.11% of their portfolio | 2.7m $29.8m | Reduced -575.2k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 2.7m $29.3m | Added +2.4m |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 2.6m $28.5m | Added +919.3k |
| Swiss National Bank 0.02% of their portfolio | 2.6m $28.2m | Added +228.5k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 1.04% of their portfolio | 2.5m $27.8m | New |
| CITIGROUP INC 0.02% of their portfolio | 2.5m $27.7m | Reduced -42.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.07% of their portfolio | 2.5m $27.2m | Added +57.9k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 2.4m $26.7m | Added +15.2k |
| Trinity Street Asset Management LLP 1.81% of their portfolio | 2.4m $26.3m | Reduced -47.2k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 2.4m $25.9m | Added +77.3k |
| Amundi 0.01% of their portfolio | 2.2m $24.2m | Reduced -270.1k |
| Nuveen, LLC 0.01% of their portfolio | 2.2m $24.1m | Added +349.0k |
| River Road Asset Management, LLC 0.26% of their portfolio | 2.1m $23.0m | Reduced -4.3m |
| OLD NATIONAL BANCORP /IN/ 0.38% of their portfolio | 2.0m $22.5m | Added +643.5k |
| EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 2.62% of their portfolio | 2.0m $22.2m | Added +172.7k |
| Trexquant Investment LP 0.16% of their portfolio | 2.0m $21.8m | Reduced -355.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 2.0m $21.7m | Added +71.4k |
| CAPITAL FUND MANAGEMENT S.A. 0.19% of their portfolio | 1.9m $21.1m | Reduced -197.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 1.7m $19.0m | Reduced -331.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.7m $18.2m | Added +182.1k |
| Retirement Systems of Alabama 0.06% of their portfolio | 1.6m $17.9m | Added +22.8k |
| Rheos Capital Works Inc. 1.19% of their portfolio | 1.6m $17.8m | Unchanged |
| FMR LLC 0.00% of their portfolio | 1.6m $17.8m | Added +168.3k |
| KBC Group NV 0.04% of their portfolio | 1.6m $17.7m | Added +110.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.6m $17.6m | Added +39.2k |
| STOREBRAND ASSET MANAGEMENT AS 0.05% of their portfolio | 1.5m $16.9m | Added +176.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 1.4m $15.4m | Reduced -121.4k |
| BARCLAYS PLC 0.01% of their portfolio | 1.4m $15.0m | Reduced -521.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 1.4m $14.9m | Added +660.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 1.3m $14.8m | Reduced -1.6k |
| AVIVA PLC 0.02% of their portfolio | 1.3m $14.6m | Reduced -6.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 1.3m $14.6m | Reduced -360.5k |
| Handelsbanken Fonder AB 0.05% of their portfolio | 1.3m $14.5m | Reduced -327.3k |
| California Public Employees Retirement System 0.01% of their portfolio | 1.3m $14.2m | Reduced -313.1k |
| Focus Partners Wealth 0.02% of their portfolio | 1.3m $14.0m | Added +586.9k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.3m $14.0m | Added +489.5k |
| Impax Asset Management Group plc 0.08% of their portfolio | 1.1m $11.7m | Reduced -153.4k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 1.1m $11.6m | Added +497.2k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 983.7k $10.8m | Added +126.0k |
| JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio | 980.7k $10.5m | Added +934.3k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 979.7k $10.8m | Added +6.8k |
| W.G. Shaheen & Associates DBA Whitney & Co 0.89% of their portfolio | 970.3k $10.7m | Added +592.5k |
| QSM Asset Management Ltd 4.96% of their portfolio | 949.9k $10.1m | Reduced -29.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 916.2k $10.1m | Added +377 |
| OSSIAM 0.16% of their portfolio | 824.5k $9.1m | Added +266.8k |
| Select Equity Group, L.P. 0.05% of their portfolio | 787.1k $8.7m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 761.2k $8.4m | Added +87.2k |