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 ($49.6m this quarter). Holder counts are more reliable. Shares outstanding: 444.5m as of 2023-05-12, 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 ≈ $23.08. Options: 20 managers hold calls ($96.8m notional), 18 hold puts ($29.8m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 376 |
| Q4 2022 | 415 |
| Q1 2023 | 427 |
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 | 211 | 165 |
| Q1 2023 | 214 | 208 |
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 |
| Q1 2023 | $96.8m | $29.8m | 0.31 |
Biggest buyers
| FMR LLC | Added | +43.5m |
| LSV ASSET MANAGEMENT | Added | +3.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +2.5m |
| Park West Asset Management LLC | Added | +2.4m |
| SCOUT INVESTMENTS, INC. | New | +2.0m |
| D. E. Shaw & Co., Inc. | Added | +1.6m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +1.5m |
| COOKSON PEIRCE & CO INC | New | +1.2m |
| Sessa Capital IM, L.P. | Added | +1.0m |
| BlackRock Inc. | Added | +916.3k |
Biggest sellers
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -5.0m |
| Sachem Head Capital Management LP | Reduced | -4.5m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -4.3m |
| Jericho Capital Asset Management L.P. | Sold out | -3.5m |
| Electron Capital Partners, LLC | Sold out | -3.3m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -2.7m |
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -2.5m |
| GLENVIEW CAPITAL MANAGEMENT, LLC | Reduced | -2.1m |
| MARSHALL WACE, LLP | Reduced | -1.9m |
| PZENA INVESTMENT MANAGEMENT LLC | Reduced | -1.9m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $18.4m801.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.6m591.4k shares |
| Walleye Trading LLC | Added | $10.3m449.3k shares |
| Caption Management, LLC | Added | $9.5m415.0k shares |
| GROUP ONE TRADING LLC | Added | $9.3m404.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.3m360.0k shares |
| Parallax Volatility Advisers, L.P. | Added | $7.0m302.6k shares |
| JANE STREET GROUP, LLC | Reduced | $5.1m221.9k shares |
| Twin Tree Management, LP | New | $5.0m217.2k shares |
| Ionic Capital Management LLC | New | $3.5m151.9k shares |
Biggest puts
| Caption Management, LLC | New | $8.1m350.0k shares |
| D. E. Shaw & Co., Inc. | New | $4.3m187.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.2m184.7k shares |
| Walleye Trading LLC | Reduced | $4.2m181.0k shares |
| CITADEL ADVISORS LLC | Added | $3.5m152.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $1.9m80.5k shares |
| TUDOR INVESTMENT CORP ET AL | New | $1.2m53.4k shares |
| PEAK6 Investments LLC | New | $805.4k35.0k shares |
| TWO SIGMA SECURITIES, LLC | New | $623.6k27.1k shares |
| JANE STREET GROUP, LLC | Reduced | $262.3k11.4k 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 Q1 2023
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 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 | — |
| Q1 2023 | 0 | — | 4 | $580.0k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-03-16 | McSweeney Erin Director | Sold | $206.0k10.0k shares |
| 2023-03-10 | WENDLER DANIEL Chief Accounting Officer | Sold | $33.2k1.5k shares |
| 2023-03-01 | Tan Kwang Hooi Group President | Sold | $79.4k3.5k shares |
| 2023-02-23 | Sidelinger Rebecca Group President | Sold | $261.3k11.2k 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, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.07% of their portfolio | 65.5m $1.5bn | Added +43.5m |
| PRIMECAP MANAGEMENT CO/CA/ 0.99% of their portfolio | 49.4m $1.1bn | Reduced -2.5m |
| WELLINGTON MANAGEMENT GROUP LLP 0.12% of their portfolio | 27.2m $626.6m | Reduced -4.3m |
| JANUS HENDERSON GROUP PLC 0.41% of their portfolio | 26.8m $617.5m | Reduced -31.5k |
| ALLIANCEBERNSTEIN L.P. 0.17% of their portfolio | 17.6m $405.7m | Reduced -168.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.43% of their portfolio | 16.7m $383.7m | Reduced -5.0m |
| BlackRock Inc. 0.01% of their portfolio | 16.4m $376.8m | Added +916.3k |
| Invesco Ltd. 0.07% of their portfolio | 11.7m $268.4m | Reduced -18.5k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 11.1m $255.1m | Added +65.5k |
| LYRICAL ASSET MANAGEMENT LP 4.63% of their portfolio | 10.3m $237.5m | Reduced -488.3k |
| FRANKLIN RESOURCES INC 0.12% of their portfolio | 10.1m $231.3m | Reduced -1.1m |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 8.7m $201.2m | Added +73.8k |
| Boston Partners 0.27% of their portfolio | 8.7m $199.5m | Reduced -56.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.19% of their portfolio | 7.6m $175.1m | Added +1.5m |
| MACQUARIE GROUP LTD 0.20% of their portfolio | 7.2m $165.6m | Reduced -918.4k |
| Sachem Head Capital Management LP 6.41% of their portfolio | 6.3m $144.8m | Reduced -4.5m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 5.8m $134.5m | Added +50.6k |
| VANGUARD GROUP INC 0.00% of their portfolio | 5.2m $118.5m | Reduced -263.6k |
| Sound Shore Management Inc /CT/ 4.31% of their portfolio | 5.0m $114.4m | Reduced -590.9k |
| NORGES BANK 0.02% of their portfolio | 4.8m $111.6m | Added +41.1k |
| Standard Investments LLC 4.94% of their portfolio | 4.4m $101.8m | Reduced -585.6k |
| LSV ASSET MANAGEMENT 0.22% of their portfolio | 4.3m $99.7m | Added +3.2m |
| Park West Asset Management LLC 8.95% of their portfolio | 4.2m $97.6m | Added +2.4m |
| STATE STREET CORP 0.01% of their portfolio | 4.2m $95.9m | Reduced -345.1k |
| D. E. Shaw & Co., Inc. 0.14% of their portfolio | 3.8m $86.7m | Added +1.6m |
| Sessa Capital IM, L.P. 3.32% of their portfolio | 3.5m $80.5m | Added +1.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.10% of their portfolio | 3.3m $75.1m | Added +2.5m |
| PZENA INVESTMENT MANAGEMENT LLC 0.32% of their portfolio | 3.2m $73.4m | Reduced -1.9m |
| EARNEST PARTNERS LLC 0.38% of their portfolio | 2.8m $64.9m | Added +120.5k |
| Allianz Asset Management GmbH 0.13% of their portfolio | 2.6m $60.6m | Added +461.3k |
| FIL Ltd 0.06% of their portfolio | 2.4m $55.9m | Reduced -86.4k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 2.4m $54.4m | Reduced -2.7m |
| Capital International Investors 0.01% of their portfolio | 2.3m $52.7m | Unchanged |
| MORGAN STANLEY 0.01% of their portfolio | 2.3m $52.3m | Reduced -261.9k |
| Nishkama Capital, LLC 11.91% of their portfolio | 2.2m $49.7m | Reduced -142.7k |
| Shannon River Fund Management LLC 11.16% of their portfolio | 2.1m $49.5m | Reduced -711.2k |
| DekaBank Deutsche Girozentrale 0.12% of their portfolio | 2.1m $46.4m | Reduced -1.0k |
| IRIDIAN ASSET MANAGEMENT LLC/CT 3.98% of their portfolio | 2.1m $48.6m | Reduced -345.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.1m $48.2m | Reduced -319.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 2.1m $47.4m | Added +122.3k |
| SCOUT INVESTMENTS, INC. 0.93% of their portfolio | 2.0m $45.8m | New |
| GLENVIEW CAPITAL MANAGEMENT, LLC 1.09% of their portfolio | 1.9m $44.2m | Reduced -2.1m |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.8m $42.1m | Reduced -167.4k |
| Balyasny Asset Management L.P. 0.14% of their portfolio | 1.8m $41.4m | Added +698.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 1.8m $41.0m | Added +88.5k |
| SEI INVESTMENTS CO 0.07% of their portfolio | 1.7m $39.6m | Added +14.3k |
| Clark Capital Management Group, Inc. 0.41% of their portfolio | 1.6m $37.0m | Added +41.6k |
| Legal & General Group Plc 0.01% of their portfolio | 1.6m $36.3m | Reduced -9.7k |
| Encompass Capital Advisors LLC 2.20% of their portfolio | 1.6m $36.2m | Added +76.9k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.58% of their portfolio | 1.6m $35.8m | Reduced -177.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.09% of their portfolio | 1.4m $31.4m | Reduced -795.6k |
| BRANDES INVESTMENT PARTNERS, LP 0.64% of their portfolio | 1.3m $30.1m | Added +234.1k |
| STOREBRAND ASSET MANAGEMENT AS 0.14% of their portfolio | 1.2m $28.3m | Added +22.6k |
| TCW GROUP INC 0.35% of their portfolio | 1.2m $27.5m | Added +103.5k |
| COOKSON PEIRCE & CO INC 1.71% of their portfolio | 1.2m $26.7m | New |
| Perpetual Ltd 0.23% of their portfolio | 1.2m $26.5m | First filing |
| Amundi 0.01% of their portfolio | 1.1m $24.9m | Reduced -168.2k |
| J.P. Morgan Private Wealth Advisors LLC 0.05% of their portfolio | 1.1m $25.7m | Added +855.6k |
| LPL Financial LLC 0.02% of their portfolio | 1.1m $24.6m | Added +309.4k |
| DECADE RENEWABLE PARTNERS LP 8.90% of their portfolio | 1.1m $24.3m | Added +150.9k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.44% of their portfolio | 1.0m $23.2m | Added +526.5k |
| Swiss National Bank 0.02% of their portfolio | 977.3k $22.5m | Reduced -124.0k |
| California Public Employees Retirement System 0.02% of their portfolio | 958.8k $22.1m | Reduced -126.9k |
| Qube Research & Technologies Ltd 0.13% of their portfolio | 957.7k $22.0m | Added +728.3k |
| Ararat Capital Management LP 7.08% of their portfolio | 956.3k $22.0m | Reduced -210.8k |
| MARSHALL WACE, LLP 0.05% of their portfolio | 911.2k $21.0m | Reduced -1.9m |
| Walleye Capital LLC 0.42% of their portfolio | 902.7k $20.8m | Added +94.5k |
| Clear Harbor Asset Management, LLC 2.13% of their portfolio | 893.7k $20.6m | Added +4.5k |
| Hudson Bay Capital Management LP 0.12% of their portfolio | 880.0k $20.2m | New |
| TUDOR INVESTMENT CORP ET AL 0.37% of their portfolio | 854.9k $19.7m | Added +539.6k |
| Ionic Capital Management LLC 7.29% of their portfolio | 830.5k $19.1m | Reduced -72.2k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 796.7k $18.3m | Added +87.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 767.8k $17.7m | Reduced -108.0k |
| Man Group plc 0.06% of their portfolio | 767.3k $17.7m | New |
| Robeco Institutional Asset Management B.V. 0.05% of their portfolio | 746.0k $17.2m | Added +328.1k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 740.8k $17.9m | Added +696.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 735.5k $16.9m | Reduced -83.7k |
| Blue Door Asset Management, LLC 14.31% of their portfolio | 723.1k $16.6m | Added +38.0k |
| BECKER CAPITAL MANAGEMENT INC 0.64% of their portfolio | 698.8k $16.1m | Reduced -406.9k |
| Portolan Capital Management, LLC 1.51% of their portfolio | 689.2k $15.9m | Added +92.4k |
| ARS Investment Partners, LLC 1.90% of their portfolio | 689.1k $15.9m | Reduced -543.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 673.1k $15.5m | Added +110.0k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.16% of their portfolio | 669.6k $15.4m | Reduced -59.8k |
| KINGDON CAPITAL MANAGEMENT, L.L.C. 3.59% of their portfolio | 665.0k $15.3m | New |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 653.3k $15.0m | Reduced -229.6k |
| State of New Jersey Common Pension Fund D 0.05% of their portfolio | 632.7k $14.6m | Reduced -416.9k |
| Cubist Systematic Strategies, LLC 0.14% of their portfolio | 632.0k $14.5m | Added +97.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.08% of their portfolio | 629.1k $14.5m | Added +351.0k |
| UBS Group AG 0.01% of their portfolio | 618.3k $14.2m | Added +331.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 596.7k $13.7m | Reduced -37.0k |
| S&T Bank/PA 2.46% of their portfolio | 591.3k $13.6m | Reduced -18.6k |
| Philosophy Capital Management LLC 2.76% of their portfolio | 574.1k $13.2m | New |
| TWINBEECH CAPITAL LP 0.26% of their portfolio | 568.3k $13.1m | New |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 525.1k $12.1m | Added +98.5k |
| ARDSLEY ADVISORY PARTNERS LP 2.47% of their portfolio | 488.0k $11.2m | Reduced -2.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 484.4k $11.1m | Reduced -57.8k |
| Woodline Partners LP 0.15% of their portfolio | 472.8k $10.9m | New |
| Thrivent Financial for Lutherans 0.03% of their portfolio | 471.2k $10.8m | Added +398.8k |
| Arosa Capital Management LP 3.29% of their portfolio | 469.9k $10.8m | Added +126.6k |
| ROYCE & ASSOCIATES LP 0.11% of their portfolio | 469.7k $10.8m | Reduced -24.4k |