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 ($27.8m this quarter). Holder counts are more reliable. Shares outstanding: 383.1m as of 2025-01-24, 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 ≈ $38.40. Options: 17 managers hold calls ($80.1m notional), 15 hold puts ($22.5m).
Trends to Q4 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 376 |
| Q4 2022 | 415 |
| Q1 2023 | 427 |
| Q2 2023 | 441 |
| Q3 2023 | 451 |
| Q4 2023 | 476 |
| Q1 2024 | 473 |
| Q2 2024 | 474 |
| Q3 2024 | 500 |
| Q4 2024 | 570 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 214 | 208 |
| Q2 2023 | 190 | 234 |
| Q3 2023 | 190 | 218 |
| Q4 2023 | 215 | 225 |
| Q1 2024 | 205 | 262 |
| Q2 2024 | 209 | 249 |
| Q3 2024 | 234 | 224 |
| Q4 2024 | 259 | 243 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $133.6m | $26.0m | 0.19 |
| Q2 2024 | $118.8m | $30.4m | 0.26 |
| Q3 2024 | $82.7m | $27.6m | 0.33 |
| Q4 2024 | $80.1m | $22.5m | 0.28 |
Biggest buyers
| BlackRock, Inc. | Added | +16.0m |
| STATE STREET CORP | Added | +5.2m |
| JANE STREET GROUP, LLC | Added | +2.9m |
| Invesco Ltd. | Added | +1.6m |
| UBS Group AG | Added | +1.6m |
| Bank of New York Mellon Corp | Added | +1.3m |
| NEUBERGER BERMAN GROUP LLC | Added | +1.2m |
| NORTHERN TRUST CORP | Added | +1.2m |
| LMR Partners LLP | New | +950.0k |
| DIMENSIONAL FUND ADVISORS LP | Added | +916.1k |
Biggest sellers
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -13.6m |
| FMR LLC | Reduced | -7.0m |
| JPMORGAN CHASE & CO | Reduced | -5.7m |
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -4.0m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.7m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -1.6m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -1.6m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -1.0m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -860.2k |
| MACQUARIE GROUP LTD | Reduced | -793.3k |
Biggest calls
| PEAK6 LLC | First filing | $20.8m542.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.2m342.8k shares |
| CITADEL ADVISORS LLC | Added | $10.9m283.5k shares |
| GROUP ONE TRADING LLC | Added | $5.5m143.6k shares |
| Hel Ved Capital Management Ltd | New | $4.3m113.0k shares |
| Walleye Capital LLC | Added | $4.1m108.0k shares |
| Walleye Trading LLC | Added | $3.5m90.6k shares |
| SIMPLEX TRADING, LLC | Added | $3.4m91.4k shares |
| Parallax Volatility Advisers, L.P. | New | $3.0m79.2k shares |
| WOLVERINE TRADING, LLC | Added | $2.8m73.7k shares |
Biggest puts
| Walleye Capital LLC | Added | $4.4m115.7k shares |
| CITADEL ADVISORS LLC | Reduced | $4.3m111.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.2m57.7k shares |
| BRANT POINT INVESTMENT MANAGEMENT LLC | New | $1.9m500 shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $1.7m44.2k shares |
| PEAK6 LLC | First filing | $1.6m41.4k shares |
| JANE STREET GROUP, LLC | Added | $1.5m39.1k shares |
| IMC-Chicago, LLC | New | $1.4m36.4k shares |
| Walleye Trading LLC | Reduced | $1.4m35.3k shares |
| GROUP ONE TRADING LLC | Added | $671.8k17.5k 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 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.
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 2023 | 0 | — | 4 | $580.0k | — |
| Q2 2023 | 0 | — | 7 | $26.1m | $991.1k |
| Q3 2023 | 0 | — | 2 | $7.9m | $6.5m |
| Q4 2023 | 0 | — | 2 | $4.1m | $3.9m |
| Q1 2024 | 0 | — | 5 | $6.1m | $5.7m |
| Q2 2024 | 0 | — | 8 | $33.6m | $7.5m |
| Q3 2024 | 0 | — | 2 | $904.5k | $904.5k |
| Q4 2024 | 0 | — | 2 | $793.2k | $284.1k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-11-06 | Stevens Charles K. III Director | Sold | $509.0k13.2k shares |
| 2024-10-28 | Tan Kwang Hooi Group President | Sold plan | $284.1k8.0k 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 2024
| Manager | Shares | Change |
|---|---|---|
| PRIMECAP MANAGEMENT CO/CA/ 1.17% of their portfolio | 39.2m $1.5bn | Reduced -4.0m |
| BlackRock, Inc. 0.03% of their portfolio | 32.5m $1.2bn | Added +16.0m |
| FMR LLC 0.07% of their portfolio | 29.2m $1.1bn | Reduced -7.0m |
| JANUS HENDERSON GROUP PLC 0.52% of their portfolio | 26.5m $1.0bn | Reduced -388.9k |
| Boston Partners 1.22% of their portfolio | 26.1m $1.0bn | Added +569.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.15% of their portfolio | 20.7m $796.4m | Reduced -13.6m |
| VANGUARD GROUP INC 0.01% of their portfolio | 12.3m $472.2m | Added +817.2k |
| ALLIANCEBERNSTEIN L.P. 0.15% of their portfolio | 11.1m $427.6m | Reduced -1.6m |
| STATE STREET CORP 0.01% of their portfolio | 8.9m $340.4m | Added +5.2m |
| LYRICAL ASSET MANAGEMENT LP 4.96% of their portfolio | 8.7m $335.3m | Reduced -106.7k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 8.5m $326.8m | Added +916.1k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 7.6m $290.7m | Reduced -1.7m |
| LSV ASSET MANAGEMENT 0.64% of their portfolio | 7.2m $276.0m | Reduced -101.5k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 6.4m $246.0m | Reduced -5.7m |
| NORGES BANK 0.03% of their portfolio | 6.0m $229.5m | Added +119.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.07% of their portfolio | 5.5m $212.7m | Reduced -1.6m |
| VICTORY CAPITAL MANAGEMENT INC 0.21% of their portfolio | 5.5m $211.9m | Reduced -496.1k |
| Invesco Ltd. 0.04% of their portfolio | 5.4m $207.1m | Added +1.6m |
| Nuveen Asset Management, LLC 0.05% of their portfolio | 4.8m $182.7m | Reduced -358.4k |
| FRANKLIN RESOURCES INC 0.05% of their portfolio | 4.7m $179.4m | Reduced -85.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.6m $176.6m | Added +132.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.16% of their portfolio | 4.1m $158.3m | Reduced -860.2k |
| EARNEST PARTNERS LLC 0.69% of their portfolio | 4.0m $153.3m | Reduced -60.6k |
| Capital World Investors 0.02% of their portfolio | 3.9m $149.6m | Reduced -562.6k |
| Legal & General Group Plc 0.03% of their portfolio | 3.0m $115.8m | Added +160.8k |
| JANE STREET GROUP, LLC 0.18% of their portfolio | 3.0m $114.7m | Added +2.9m |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.48% of their portfolio | 2.9m $111.4m | Reduced -16.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 2.7m $103.0m | Added +497.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.6m $98.9m | Reduced -63.8k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.5m $96.0m | Added +1.2m |
| UBS Group AG 0.02% of their portfolio | 2.4m $91.1m | Added +1.6m |
| Artisan Partners Limited Partnership 0.14% of their portfolio | 2.3m $89.7m | Added +367.2k |
| MACQUARIE GROUP LTD 0.11% of their portfolio | 2.3m $88.7m | Reduced -793.3k |
| Balyasny Asset Management L.P. 0.20% of their portfolio | 2.3m $87.6m | Added +603.8k |
| FIL Ltd 0.08% of their portfolio | 2.3m $86.9m | Added +187.3k |
| Allianz Asset Management GmbH 0.12% of their portfolio | 2.2m $85.3m | Reduced -129.5k |
| MORGAN STANLEY 0.01% of their portfolio | 2.0m $78.3m | Added +187.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.0m $75.1m | Added +1.3m |
| Sound Shore Management Inc /CT/ 2.26% of their portfolio | 1.8m $68.6m | Reduced -531.5k |
| TCW GROUP INC 0.55% of their portfolio | 1.7m $65.5m | Reduced -104.8k |
| BRANDES INVESTMENT PARTNERS, LP 0.72% of their portfolio | 1.7m $64.0m | Reduced -421.7k |
| Merewether Investment Management, LP 2.51% of their portfolio | 1.6m $62.8m | Added +241.1k |
| Alyeska Investment Group, L.P. 0.23% of their portfolio | 1.6m $61.4m | Added +61.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.08% of their portfolio | 1.5m $57.6m | Added +155.7k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.4m $55.1m | Reduced -30.1k |
| COOKSON PEIRCE & CO INC 2.28% of their portfolio | 1.3m $50.3m | Reduced -1.1k |
| J. Safra Sarasin Holding AG 0.83% of their portfolio | 1.3m $48.9m | Added +223.8k |
| Simcoe Capital Management, LLC 7.10% of their portfolio | 1.3m $48.3m | Added +598.3k |
| LPL Financial LLC 0.02% of their portfolio | 1.2m $47.7m | Reduced -28.0k |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 1.2m $47.5m | Added +1.2m |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 1.2m $47.1m | Reduced -77.5k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 1.1m $42.2m | Reduced -270.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.1m $41.0m | Reduced -50.0k |
| DekaBank Deutsche Girozentrale 0.08% of their portfolio | 1.1m $41.0m | Unchanged |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.63% of their portfolio | 1.0m $40.0m | Reduced -7.5k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 1.0m $39.7m | Reduced -337.9k |
| Shannon River Fund Management LLC 6.85% of their portfolio | 1.0m $38.7m | Reduced -268.2k |
| LMR Partners LLP 0.63% of their portfolio | 950.0k $36.5m | New |
| Woodline Partners LP 0.24% of their portfolio | 914.8k $35.1m | New |
| BARCLAYS PLC 0.02% of their portfolio | 894.7k $34.3m | Added +119.9k |
| Clear Harbor Asset Management, LLC 2.77% of their portfolio | 893.6k $34.3m | Reduced -11.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 869.1k $33.4m | New |
| Capital International Investors 0.01% of their portfolio | 864.8k $33.2m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 853.2k $32.8m | Added +374.2k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 841.2k $32.3m | First filing |
| Swiss National Bank 0.02% of their portfolio | 780.9k $30.0m | Added +2.3k |
| California Public Employees Retirement System 0.02% of their portfolio | 780.2k $30.0m | Reduced -90.7k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 729.8k $28.0m | Added +667.5k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 693.8k $26.6m | Added +114.3k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 666.9k $25.6m | Added +434.6k |
| BECKER CAPITAL MANAGEMENT INC 0.80% of their portfolio | 639.0k $24.5m | Reduced -35.8k |
| STOREBRAND ASSET MANAGEMENT AS 0.07% of their portfolio | 626.2k $24.0m | Reduced -61.2k |
| Hel Ved Capital Management Ltd 7.12% of their portfolio | 605.0k $23.2m | New |
| Amundi 0.01% of their portfolio | 595.0k $24.4m | Reduced -57.0k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.21% of their portfolio | 578.3k $22.2m | Reduced -1.1k |
| Blue Door Asset Management, LLC 13.93% of their portfolio | 546.0k $21.0m | Reduced -157.0k |
| Robeco Institutional Asset Management B.V. 0.04% of their portfolio | 511.6k $19.6m | Added +25.2k |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 478.9k $18.4m | Reduced -27.2k |
| Retirement Systems of Alabama 0.07% of their portfolio | 471.5k $18.1m | New |
| Park West Asset Management LLC 1.48% of their portfolio | 462.9k $17.8m | Reduced -726.3k |
| Corebridge Financial, Inc. 0.09% of their portfolio | 436.1k $16.7m | New |
| Portolan Capital Management, LLC 1.12% of their portfolio | 435.3k $16.7m | Reduced -5.6k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.06% of their portfolio | 411.5k $15.8m | Added +28.9k |
| Raiffeisen Bank International AG 0.21% of their portfolio | 355.0k $13.7m | First filing |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 353.8k $13.6m | New |
| Duquesne Family Office LLC 0.38% of their portfolio | 348.9k $13.4m | Unchanged |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 344.7k $13.2m | Reduced -201.2k |
| COZAD ASSET MANAGEMENT INC 1.23% of their portfolio | 342.5k $13.1m | Reduced -4.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 342.2k $13.1m | Reduced -9.2k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 332.4k $12.8m | Reduced -24.0k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio | 309.1k $11.9m | Added +23.5k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 302.5k $11.6m | Reduced -78.9k |
| ROYCE & ASSOCIATES LP 0.10% of their portfolio | 282.7k $10.9m | Reduced -24.6k |
| D. SCOTT NEAL, INC. 5.80% of their portfolio | 275.5k $10.6m | Reduced -951 |
| Bridgewater Associates, LP 0.05% of their portfolio | 271.8k $10.4m | Reduced -103.6k |
| Man Group plc 0.03% of their portfolio | 267.2k $10.3m | Added +5.8k |
| S&T Bank/PA 3.20% of their portfolio | 261.6k $10.0m | Reduced -41.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 244.1k $9.4m | Added +219.5k |
| SG Capital Management LLC 1.03% of their portfolio | 244.1k $9.4m | New |
| PGGM Investments 0.12% of their portfolio | 242.4k $9.3m | Added +1.4k |