FLEX LTD FLEX
ORD · Common Stock · CUSIP Y2573F102
Singaporean–American multinational electronics manufacturing 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 ($51.5m this quarter). Holder counts are more reliable. Shares outstanding: 451.1m as of 2023-01-20, 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 ≈ $21.35. Options: 24 managers hold calls ($120.8m notional), 15 hold puts ($32.6m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 376 |
| Q4 2022 | 415 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $75.6m | $33.3m | 0.44 |
| Q4 2022 | $120.8m | $32.6m | 0.27 |
Biggest buyers
| BlackRock Inc. | Added | +8.7m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +3.9m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +3.1m |
| MILLENNIUM MANAGEMENT LLC | Added | +3.1m |
| Clark Capital Management Group, Inc. | New | +1.6m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +1.5m |
| Encompass Capital Advisors LLC | New | +1.5m |
| WOLVERINE TRADING, LLC | Added | +841.2k |
| GLENVIEW CAPITAL MANAGEMENT, LLC | Added | +754.3k |
| Park West Asset Management LLC | Added | +673.1k |
Biggest sellers
| JANUS HENDERSON GROUP PLC | Reduced | -27.8m |
| FIL Ltd | Reduced | -4.6m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -3.4m |
| FMR LLC | Reduced | -2.5m |
| PZENA INVESTMENT MANAGEMENT LLC | Reduced | -2.4m |
| Capital International Investors | Reduced | -2.2m |
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -2.0m |
| Nishkama Capital, LLC | Reduced | -1.6m |
| Point72 Asset Management, L.P. | Reduced | -1.6m |
| FRANKLIN RESOURCES INC | Reduced | -1.4m |
Biggest calls
| Electron Capital Partners, LLC | Unchanged | $27.5m1.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $19.0m886.6k shares |
| GOLDMAN SACHS GROUP INC | New | $15.8m735.7k shares |
| CITADEL ADVISORS LLC | Added | $12.2m569.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $10.9m506.3k shares |
| GROUP ONE TRADING LLC | Added | $7.4m343.2k shares |
| Concentric Capital Strategies, LP | Added | $5.9m275.0k shares |
| JANE STREET GROUP, LLC | Reduced | $4.9m228.8k shares |
| Nishkama Capital, LLC | New | $3.6m169.9k shares |
| WOLVERINE TRADING, LLC | Added | $3.1m146.3k shares |
Biggest puts
| WOLVERINE TRADING, LLC | Added | $16.3m758.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $8.0m372.0k shares |
| Walleye Trading LLC | Reduced | $3.9m182.4k shares |
| CITADEL ADVISORS LLC | Reduced | $1.2m57.0k shares |
| JANE STREET GROUP, LLC | Reduced | $1.1m51.3k shares |
| Verition Fund Management LLC | Reduced | $512.9k23.9k shares |
| GROUP ONE TRADING LLC | Reduced | $497.9k23.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $289.0k13.5k shares |
| IMC-Chicago, LLC | Reduced | $279.0k13.0k shares |
| Walleye Capital LLC | Added | $279.0k13.0k 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 -2.6 pts · filed 2026-07-28 | 7.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution +2.2 pts · filed 2026-07-31 | 7.6% |
| PRIMECAP MANAGEMENT CO/CA/ 13G · institution -1.5 pts · filed 2026-08-06 | 6.4% |
| FMR LLC 13G · institution +0.6 pts · filed 2026-08-06 | 5.3% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.3% |
Fell to 5% or below in the last year: WELLINGTON MANAGEMENT GROUP LLP (4.9%, 2026-08-13), Janus Henderson Group Ltd. (3.8%, 2026-08-13), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2022
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 |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $1.5m | — |
| Q1 2022 | 0 | — | 1 | $552.8k | — |
| Q2 2022 | 0 | — | 5 | $10.2m | — |
| Q3 2022 | 0 | — | 3 | $3.9m | — |
| Q4 2022 | 0 | — | 2 | $2.0m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2022-12-05 | Stevens Charles K. III Director | Sold | $433.8k20.0k shares |
| 2022-11-30 | Hartung Michael P Group President | Sold | $264.7k12.4k shares |
| 2022-11-25 | Hartung Michael P Group President | Sold | $36.3k1.7k shares |
| 2022-11-23 | Hartung Michael P Group President | Sold | $39.8k1.9k shares |
| 2022-11-11 | Hartung Michael P Group President | Sold | $244.7k12.2k shares |
| 2022-11-10 | Hartung Michael P Group President | Sold | $1.8k88 shares |
| 2022-11-02 | Hartung Michael P Group President | Sold | $75.0k3.7k shares |
| 2022-10-31 | Hartung Michael P Group President | Sold | $882.7k44.9k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| PRIMECAP MANAGEMENT CO/CA/ 1.02% of their portfolio | 51.9m $1.1bn | Reduced -2.0m |
| WELLINGTON MANAGEMENT GROUP LLP 0.14% of their portfolio | 31.5m $675.6m | Added +3.9m |
| JANUS HENDERSON GROUP PLC 0.41% of their portfolio | 26.9m $576.6m | Reduced -27.8m |
| FMR LLC 0.05% of their portfolio | 21.9m $470.7m | Reduced -2.5m |
| VICTORY CAPITAL MANAGEMENT INC 0.54% of their portfolio | 21.7m $465.3m | Reduced -475.6k |
| ALLIANCEBERNSTEIN L.P. 0.17% of their portfolio | 17.8m $382.0m | Reduced -3.4m |
| BlackRock Inc. 0.01% of their portfolio | 15.5m $331.8m | Added +8.7m |
| Invesco Ltd. 0.07% of their portfolio | 11.7m $250.7m | Reduced -990.7k |
| FRANKLIN RESOURCES INC 0.12% of their portfolio | 11.2m $240.4m | Reduced -1.4m |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 11.0m $236.5m | Added +106.6k |
| LYRICAL ASSET MANAGEMENT LP 3.80% of their portfolio | 10.8m $180.1m | Reduced -491.9k |
| Sachem Head Capital Management LP 9.04% of their portfolio | 10.8m $231.4m | Added +115.0k |
| Boston Partners 0.25% of their portfolio | 8.7m $187.4m | Reduced -41.6k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 8.7m $186.0m | Reduced -1.2m |
| MACQUARIE GROUP LTD 0.21% of their portfolio | 8.1m $174.2m | Added +414.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.15% of their portfolio | 6.1m $131.4m | Added +3.1m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 5.8m $124.4m | Added +32.5k |
| Sound Shore Management Inc /CT/ 4.49% of their portfolio | 5.6m $119.4m | Reduced -154.9k |
| VANGUARD GROUP INC 0.00% of their portfolio | 5.4m $116.2m | Added +79.9k |
| PZENA INVESTMENT MANAGEMENT LLC 0.48% of their portfolio | 5.1m $108.5m | Reduced -2.4m |
| MILLENNIUM MANAGEMENT LLC 0.12% of their portfolio | 5.0m $108.3m | Added +3.1m |
| Standard Investments LLC 5.65% of their portfolio | 5.0m $107.5m | Unchanged |
| NORGES BANK 0.02% of their portfolio | 4.8m $103.2m | Added +37.0k |
| STATE STREET CORP 0.01% of their portfolio | 4.5m $96.8m | Reduced -43.0k |
| GLENVIEW CAPITAL MANAGEMENT, LLC 2.08% of their portfolio | 4.1m $86.9m | Added +754.3k |
| Jericho Capital Asset Management L.P. 5.58% of their portfolio | 3.5m $75.4m | Reduced -31.8k |
| Electron Capital Partners, LLC 3.16% of their portfolio | 3.3m $70.7m | Added +37.7k |
| Shannon River Fund Management LLC 19.52% of their portfolio | 2.9m $61.4m | Reduced -208.3k |
| MARSHALL WACE, LLP 0.15% of their portfolio | 2.8m $60.0m | Reduced -184.6k |
| EARNEST PARTNERS LLC 0.36% of their portfolio | 2.7m $57.9m | Reduced -69.7k |
| MORGAN STANLEY 0.01% of their portfolio | 2.5m $54.4m | Added +590.2k |
| FIL Ltd 0.06% of their portfolio | 2.5m $54.0m | Reduced -4.6m |
| Sessa Capital IM, L.P. 3.30% of their portfolio | 2.5m $53.6m | Unchanged |
| IRIDIAN ASSET MANAGEMENT LLC/CT 5.08% of their portfolio | 2.5m $52.7m | Reduced -620.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.4m $51.8m | Added +30.7k |
| Nishkama Capital, LLC 16.69% of their portfolio | 2.3m $49.4m | Reduced -1.6m |
| Capital International Investors 0.01% of their portfolio | 2.3m $49.2m | Reduced -2.2m |
| Allianz Asset Management GmbH 0.10% of their portfolio | 2.2m $46.6m | Added +160.4k |
| D. E. Shaw & Co., Inc. 0.08% of their portfolio | 2.2m $46.4m | Reduced -37.2k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.15% of their portfolio | 2.2m $46.3m | Added +454.3k |
| DekaBank Deutsche Girozentrale 0.12% of their portfolio | 2.1m $44.6m | Added +297.8k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 2.0m $42.8m | Added +9.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 1.9m $41.6m | Added +1.5m |
| TWO SIGMA INVESTMENTS, LP 0.13% of their portfolio | 1.8m $39.5m | Added +25.6k |
| Park West Asset Management LLC 3.90% of their portfolio | 1.8m $38.9m | Added +673.1k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.60% of their portfolio | 1.7m $37.2m | Reduced -334.8k |
| SEI INVESTMENTS CO 0.08% of their portfolio | 1.7m $36.6m | Reduced -207.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 1.7m $36.4m | Reduced -69.2k |
| Legal & General Group Plc 0.01% of their portfolio | 1.6m $34.0m | Added +41.5k |
| Clark Capital Management Group, Inc. 0.31% of their portfolio | 1.6m $33.7m | New |
| Encompass Capital Advisors LLC 1.76% of their portfolio | 1.5m $32.1m | New |
| Invenomic Capital Management LP 2.14% of their portfolio | 1.4m $29.5m | Reduced -309.9k |
| LMR Partners LLP 0.56% of their portfolio | 1.4m $29.0m | Reduced -50.0k |
| Pendal Group Ltd 0.25% of their portfolio | 1.3m $28.4m | Reduced -321.9k |
| Amundi 0.02% of their portfolio | 1.3m $30.8m | Added +139.1k |
| Cartenna Capital, LP 4.63% of their portfolio | 1.2m $26.8m | Unchanged |
| ARS Investment Partners, LLC 3.52% of their portfolio | 1.2m $26.5m | Reduced -18.4k |
| STOREBRAND ASSET MANAGEMENT AS 0.14% of their portfolio | 1.2m $25.9m | Added +39.2k |
| Ararat Capital Management LP 8.34% of their portfolio | 1.2m $25.0m | Added +15.9k |
| LSV ASSET MANAGEMENT 0.05% of their portfolio | 1.1m $24.4m | Added +410.1k |
| BECKER CAPITAL MANAGEMENT INC 1.11% of their portfolio | 1.1m $23.7m | Reduced -60.6k |
| Swiss National Bank 0.02% of their portfolio | 1.1m $23.6m | Added +16.1k |
| Balyasny Asset Management L.P. 0.08% of their portfolio | 1.1m $23.6m | Reduced -1.4m |
| TCW GROUP INC 0.34% of their portfolio | 1.1m $23.5m | Added +82.9k |
| California Public Employees Retirement System 0.02% of their portfolio | 1.1m $23.3m | Reduced -13.6k |
| BRANDES INVESTMENT PARTNERS, LP 0.64% of their portfolio | 1.1m $23.0m | Reduced -194.0k |
| State of New Jersey Common Pension Fund D 0.09% of their portfolio | 1.0m $22.5m | Added +99.5k |
| DECADE RENEWABLE PARTNERS LP 7.27% of their portfolio | 907.1k $19.5m | First filing |
| Ionic Capital Management LLC 5.82% of their portfolio | 902.7k $19.4m | Reduced -150.0k |
| Clear Harbor Asset Management, LLC 2.39% of their portfolio | 889.2k $19.1m | Added +10.5k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 882.9k $18.9m | Added +14.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 875.8k $18.8m | Reduced -103.4k |
| WOLVERINE TRADING, LLC 0.32% of their portfolio | 862.4k $18.5m | Added +841.2k |
| Public Sector Pension Investment Board 0.15% of their portfolio | 853.0k $18.3m | Reduced -667.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 819.3k $17.6m | Added +51.1k |
| Walleye Capital LLC 0.38% of their portfolio | 808.2k $17.3m | Added +150.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 804.4k $17.3m | Added +600.7k |
| LPL Financial LLC 0.01% of their portfolio | 760.0k $16.3m | Reduced -174.2k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.17% of their portfolio | 729.4k $15.7m | Reduced -2.2k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 709.1k $15.2m | Added +126.6k |
| Point72 Asset Management, L.P. 0.06% of their portfolio | 703.9k $15.1m | Reduced -1.6m |
| Blue Door Asset Management, LLC 17.03% of their portfolio | 685.2k $14.7m | Reduced -80.0k |
| Man Group plc 0.05% of their portfolio | 667.0k $14.3m | Added +371.5k |
| Holocene Advisors, LP 0.08% of their portfolio | 640.0k $13.7m | Added +240.0k |
| MAPLELANE CAPITAL, LLC 4.58% of their portfolio | 635.0k $13.6m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 633.6k $13.6m | Reduced -5.8k |
| TWO SIGMA ADVISERS, LP 0.04% of their portfolio | 633.3k $13.6m | Added +326.3k |
| S&T Bank/PA 2.42% of their portfolio | 609.8k $13.1m | Reduced -14.5k |
| Portolan Capital Management, LLC 1.27% of their portfolio | 596.8k $12.8m | Added +263.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.07% of their portfolio | 583.6k $12.5m | Added +149.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 568.4k $12.2m | Reduced -30.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 563.1k $12.1m | Added +70.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 542.2k $11.6m | Reduced -119.9k |
| Cubist Systematic Strategies, LLC 0.10% of their portfolio | 534.7k $11.5m | Added +314.7k |
| Long Focus Capital Management, LLC 1.88% of their portfolio | 532.5k $11.4m | Reduced -45.0k |
| Clearline Capital LP 1.96% of their portfolio | 509.3k $10.9m | Unchanged |
| ROYCE & ASSOCIATES LP 0.11% of their portfolio | 494.1k $10.6m | Added +44.5k |
| ARDSLEY ADVISORY PARTNERS LP 2.67% of their portfolio | 490.5k $10.5m | Reduced -33.9k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.20% of their portfolio | 480.9k $10.3m | Reduced -61.1k |
| BRANT POINT INVESTMENT MANAGEMENT LLC 2.90% of their portfolio | 475.5k $10.2m | Reduced -15.3k |