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 ($50.6m this quarter). Holder counts are more reliable. Shares outstanding: 369.8m as of 2025-10-24, 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 ≈ $57.97. Options: 19 managers hold calls ($102.5m notional), 17 hold puts ($88.0m).
Trends to Q3 2025
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 |
| Q1 2025 | 583 |
| Q2 2025 | 649 |
| Q3 2025 | 698 |
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 2023 | 215 | 225 |
| Q1 2024 | 205 | 262 |
| Q2 2024 | 209 | 249 |
| Q3 2024 | 234 | 224 |
| Q4 2024 | 259 | 243 |
| Q1 2025 | 267 | 273 |
| Q2 2025 | 323 | 274 |
| Q3 2025 | 316 | 315 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $80.1m | $22.5m | 0.28 |
| Q1 2025 | $31.7m | $14.7m | 0.46 |
| Q2 2025 | $108.9m | $51.2m | 0.47 |
| Q3 2025 | $102.5m | $88.0m | 0.86 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +3.8m |
| Qube Research & Technologies Ltd | Added | +1.5m |
| Pacer Advisors, Inc. | Added | +1.3m |
| BlackRock, Inc. | Added | +999.6k |
| Junto Capital Management LP | New | +970.7k |
| MILLENNIUM MANAGEMENT LLC | Added | +918.6k |
| LPL Financial LLC | Added | +832.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +597.8k |
| GENDELL JEFFREY L | Added | +573.5k |
| Park West Asset Management LLC | Added | +573.0k |
Biggest sellers
| FMR LLC | Reduced | -4.5m |
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -4.0m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -3.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -3.2m |
| Polar Capital Holdings Plc | Reduced | -2.2m |
| Boston Partners | Reduced | -1.6m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -1.5m |
| Alyeska Investment Group, L.P. | Reduced | -1.4m |
| FRANKLIN RESOURCES INC | Reduced | -986.9k |
| LSV ASSET MANAGEMENT | Reduced | -855.8k |
Biggest calls
| PEAK6 LLC | Reduced | $23.3m402.6k shares |
| JANE STREET GROUP, LLC | Added | $11.7m201.8k shares |
| CITADEL ADVISORS LLC | Added | $9.9m171.2k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $8.7m149.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $7.9m137.1k shares |
| Parallax Volatility Advisers, L.P. | New | $7.4m128.1k shares |
| IMC-Chicago, LLC | Reduced | $4.9m85.1k shares |
| Soviero Asset Management, LP | Reduced | $4.6m80.0k shares |
| WOLVERINE TRADING, LLC | Added | $4.4m75.7k shares |
| GROUP ONE TRADING LLC | Added | $3.8m65.9k shares |
Biggest puts
| PEAK6 LLC | Added | $40.2m693.8k shares |
| CITADEL ADVISORS LLC | Added | $15.3m263.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $6.6m113.2k shares |
| BRANT POINT INVESTMENT MANAGEMENT LLC | New | $4.6m80.0k shares |
| WOLVERINE TRADING, LLC | Added | $4.6m79.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.3m74.1k shares |
| IMC-Chicago, LLC | Reduced | $2.1m35.6k shares |
| SIMPLEX TRADING, LLC | Added | $1.8m32.3k shares |
| Walleye Trading LLC | Added | $1.8m31.2k shares |
| JANE STREET GROUP, LLC | Added | $1.8m30.6k 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 -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 Q3 2025
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 |
|---|---|---|---|---|---|
| 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 |
| Q1 2025 | 0 | — | 4 | $5.5m | $3.3m |
| Q2 2025 | 0 | — | 6 | $47.4m | $18.2m |
| Q3 2025 | 0 | — | 5 | $4.9m | $3.8m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-16 | Hartung Michael P Chief Commercial Officer | Sold plan | $2.6m45.0k shares |
| 2025-09-10 | WENDLER DANIEL Chief Accounting Officer | Sold plan | $566.6k10.0k shares |
| 2025-08-22 | WATKINS WILLIAM D Director · By Trust | Sold | $517.9k10.0k shares |
| 2025-08-22 | McSweeney Erin Director | Sold | $514.7k10.0k shares |
| 2025-08-18 | Hartung Michael P Chief Commercial Officer | Sold | $125.0k2.5k shares |
| 2025-07-28 | Tan Kwang Hooi Chief Operating Officer | Sold plan | $628.1k12.5k 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, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.04% of their portfolio | 43.2m $2.5bn | Added +999.6k |
| PRIMECAP MANAGEMENT CO/CA/ 1.31% of their portfolio | 29.6m $1.7bn | Reduced -4.0m |
| JANUS HENDERSON GROUP PLC 0.70% of their portfolio | 26.3m $1.5bn | Reduced -172.5k |
| FMR LLC 0.06% of their portfolio | 21.2m $1.2bn | Reduced -4.5m |
| Boston Partners 1.13% of their portfolio | 19.0m $1.1bn | Reduced -1.6m |
| WELLINGTON MANAGEMENT GROUP LLP 0.17% of their portfolio | 17.1m $993.1m | Reduced -3.7m |
| VANGUARD GROUP INC 0.01% of their portfolio | 13.1m $758.5m | Added +221.8k |
| STATE STREET CORP 0.02% of their portfolio | 11.9m $691.5m | Reduced -330.5k |
| Invesco Ltd. 0.08% of their portfolio | 8.6m $497.2m | Reduced -294.8k |
| LYRICAL ASSET MANAGEMENT LP 6.66% of their portfolio | 8.2m $472.5m | Added +178.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 7.4m $432.3m | Added +244.2k |
| ALLIANCEBERNSTEIN L.P. 0.13% of their portfolio | 7.3m $424.6m | Reduced -1.5m |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 7.1m $409.1m | Reduced -532.8k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 6.1m $355.3m | Reduced -404.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.35% of their portfolio | 6.1m $351.4m | Reduced -252.7k |
| LSV ASSET MANAGEMENT 0.76% of their portfolio | 5.9m $342.5m | Reduced -855.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.10% of their portfolio | 5.6m $326.4m | Added +355.1k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 5.3m $306.7m | Added +3.8m |
| Nuveen, LLC 0.07% of their portfolio | 4.9m $281.4m | Reduced -566.5k |
| EARNEST PARTNERS LLC 0.86% of their portfolio | 3.4m $198.6m | Reduced -85.6k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 3.1m $179.5m | Reduced -57.7k |
| Qube Research & Technologies Ltd 0.23% of their portfolio | 2.8m $163.0m | Added +1.5m |
| Bank of New York Mellon Corp 0.03% of their portfolio | 2.8m $160.3m | Reduced -163.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.6m $151.1m | Reduced -55.2k |
| Legal & General Group Plc 0.03% of their portfolio | 2.5m $143.2m | Added +26.7k |
| MORGAN STANLEY 0.01% of their portfolio | 2.5m $142.5m | Reduced -104.2k |
| FRANKLIN RESOURCES INC 0.04% of their portfolio | 2.4m $141.8m | Reduced -986.9k |
| Allianz Asset Management GmbH 0.17% of their portfolio | 2.4m $138.7m | Added +360.6k |
| Alyeska Investment Group, L.P. 0.39% of their portfolio | 2.2m $130.2m | Reduced -1.4m |
| Balyasny Asset Management L.P. 0.25% of their portfolio | 2.1m $124.4m | Reduced -471.7k |
| Artisan Partners Limited Partnership 0.16% of their portfolio | 2.0m $114.6m | Reduced -70.8k |
| UBS Group AG 0.02% of their portfolio | 1.6m $89.9m | Added +142.2k |
| Polar Capital Holdings Plc 0.43% of their portfolio | 1.5m $88.5m | Reduced -2.2m |
| LPL Financial LLC 0.03% of their portfolio | 1.5m $87.3m | Added +832.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.11% of their portfolio | 1.5m $85.4m | Added +55.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 1.4m $79.4m | Added +19.9k |
| Pacer Advisors, Inc. 0.20% of their portfolio | 1.4m $79.1m | Added +1.3m |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 1.4m $78.5m | Added +117.5k |
| COOKSON PEIRCE & CO INC 2.93% of their portfolio | 1.2m $71.3m | Reduced -39.7k |
| Sound Shore Management Inc /CT/ 2.24% of their portfolio | 1.2m $67.9m | Reduced -598.9k |
| SEI INVESTMENTS CO 0.07% of their portfolio | 1.2m $66.7m | Reduced -44.5k |
| Simcoe Capital Management, LLC 9.57% of their portfolio | 1.1m $66.0m | Reduced -2.6k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.1m $65.2m | Reduced -125.9k |
| Park West Asset Management LLC 5.69% of their portfolio | 1.1m $62.2m | Added +573.0k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 1.1m $62.2m | Added +556.9k |
| DekaBank Deutsche Girozentrale 0.10% of their portfolio | 1.1m $61.1m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 1.0m $60.7m | Added +918.6k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 1.0m $60.2m | Added +7.0k |
| BARCLAYS PLC 0.02% of their portfolio | 1.0m $58.1m | Added +6.4k |
| Junto Capital Management LP 1.18% of their portfolio | 970.7k $56.3m | New |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 961.6k $55.7m | Added +202.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.18% of their portfolio | 947.7k $54.9m | Added +597.8k |
| BRANDES INVESTMENT PARTNERS, LP 0.44% of their portfolio | 939.9k $54.5m | Reduced -230.6k |
| Capital International Investors 0.01% of their portfolio | 864.8k $50.1m | Reduced -71 |
| California Public Employees Retirement System 0.03% of their portfolio | 849.8k $49.3m | Added +5.2k |
| Shannon River Fund Management LLC 7.93% of their portfolio | 849.4k $49.2m | Reduced -452.5k |
| MACQUARIE GROUP LTD 0.06% of their portfolio | 845.6k $49.0m | Reduced -685.0k |
| Clear Harbor Asset Management, LLC 3.45% of their portfolio | 844.4k $48.9m | Reduced -17.6k |
| TCW GROUP INC 0.41% of their portfolio | 839.4k $48.7m | Reduced -429.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 833.7k $48.3m | Reduced -34.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 788.3k $45.7m | Reduced -409.3k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 771.6k $44.7m | Added +84.1k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 755.8k $43.8m | Reduced -780.0k |
| Swiss National Bank 0.02% of their portfolio | 722.6k $41.9m | Reduced -9.3k |
| J. Safra Sarasin Holding AG 0.63% of their portfolio | 667.5k $38.7m | Reduced -43.1k |
| STOREBRAND ASSET MANAGEMENT AS 0.10% of their portfolio | 658.4k $38.2m | Unchanged |
| Man Group plc 0.07% of their portfolio | 656.4k $38.0m | Added +11.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 647.9k $37.6m | Added +499.8k |
| Treasurer of the State of North Carolina 0.11% of their portfolio | 627.6k $36.4m | Added +449.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 626.5k $36.3m | Added +245.0k |
| GENDELL JEFFREY L 0.66% of their portfolio | 623.5k $36.1m | Added +573.5k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 617.1k $35.8m | Reduced -47.9k |
| CITIGROUP INC 0.02% of their portfolio | 615.4k $35.7m | Added +484.8k |
| SG Americas Securities, LLC 0.13% of their portfolio | 597.9k $34.7m | Added +393.6k |
| Portolan Capital Management, LLC 1.87% of their portfolio | 595.8k $34.5m | Added +115.2k |
| BECKER CAPITAL MANAGEMENT INC 1.00% of their portfolio | 591.1k $34.3m | Reduced -10.7k |
| Caisse de depot et placement du Quebec 0.05% of their portfolio | 523.5k $30.3m | Reduced -283.4k |
| Schonfeld Strategic Advisors LLC 0.19% of their portfolio | 466.5k $27.0m | Added +457.7k |
| Retirement Systems of Alabama 0.09% of their portfolio | 453.8k $26.3m | Reduced -14.4k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.23% of their portfolio | 441.7k $25.6m | Reduced -45.0k |
| LOGAN CAPITAL MANAGEMENT INC 1.05% of their portfolio | 431.3k $25.0m | Added +10.8k |
| Blue Door Asset Management, LLC 13.25% of their portfolio | 403.9k $23.4m | Reduced -14.4k |
| Brandywine Global Investment Management, LLC 0.16% of their portfolio | 394.1k $22.8m | Added +235.2k |
| Robeco Institutional Asset Management B.V. 0.03% of their portfolio | 382.3k $22.2m | Reduced -10.6k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 368.5k $21.3m | Added +169.4k |
| COZAD ASSET MANAGEMENT INC 1.68% of their portfolio | 364.7k $21.1m | Added +6.2k |
| TWINBEECH CAPITAL LP 0.84% of their portfolio | 364.7k $21.1m | New |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 359.6k $20.8m | Reduced -30.6k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 354.3k $20.5m | Added +196.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 353.0k $20.5m | Reduced -5.3k |
| EVENTIDE ASSET MANAGEMENT, LLC 0.34% of their portfolio | 352.6k $20.4m | Added +288.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 351.5k $20.4m | Reduced -15.3k |
| Crossmark Global Holdings, Inc. 0.29% of their portfolio | 338.4k $19.6m | Added +263.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 335.5k $19.4m | Added +109.6k |
| Aberdeen Group plc 0.03% of their portfolio | 335.2k $19.4m | Reduced -4.1k |
| LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio | 334.9k $19.4m | Added +221.3k |
| HRT FINANCIAL LP 0.08% of their portfolio | 310.4k $18.0m | New |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 304.6k $17.7m | Added +4.3k |
| HANCOCK WHITNEY CORP 0.31% of their portfolio | 298.5k $17.3m | Added +15.3k |
| Bridgewater Associates, LP 0.06% of their portfolio | 277.6k $16.1m | Reduced -30.2k |