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 ($60.6m this quarter). Holder counts are more reliable. Shares outstanding: 367.7m as of 2026-01-30, 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 ≈ $60.36. Options: 18 managers hold calls ($115.0m notional), 18 hold puts ($100.6m).
Trends to Q4 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 |
| Q4 2025 | 764 |
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 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 |
| Q4 2025 | 316 | 366 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $31.7m | $14.7m | 0.46 |
| Q2 2025 | $108.9m | $51.2m | 0.47 |
| Q3 2025 | $102.5m | $88.0m | 0.86 |
| Q4 2025 | $115.0m | $100.6m | 0.87 |
Biggest buyers
| VANGUARD GROUP INC | Added | +25.7m |
| BlackRock, Inc. | Added | +6.9m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +2.6m |
| Polar Capital Holdings Plc | Added | +2.2m |
| STATE STREET CORP | Added | +2.1m |
| Amundi | Added | +1.1m |
| Electron Capital Partners, LLC | New | +948.2k |
| BANK OF NOVA SCOTIA | New | +849.5k |
| Sumitomo Mitsui Trust Group, Inc. | Added | +713.1k |
| DEUTSCHE BANK AG\ | Added | +630.0k |
Biggest sellers
| Boston Partners | Reduced | -6.9m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -4.3m |
| JANUS HENDERSON GROUP PLC | Reduced | -4.0m |
| FMR LLC | Reduced | -3.7m |
| JPMORGAN CHASE & CO | Reduced | -3.5m |
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -2.9m |
| BANK OF AMERICA CORP /DE/ | Reduced | -2.3m |
| LSV ASSET MANAGEMENT | Reduced | -2.2m |
| Qube Research & Technologies Ltd | Reduced | -2.0m |
| Alyeska Investment Group, L.P. | Reduced | -1.7m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $23.8m394.0k shares |
| JANE STREET GROUP, LLC | Added | $13.5m223.7k shares |
| Oribel Capital Management, LP | New | $13.5m223.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.9m148.0k shares |
| GROUP ONE TRADING LLC | Added | $8.5m141.2k shares |
| PEAK6 LLC | Reduced | $7.7m128.2k shares |
| Parallax Volatility Advisers, L.P. | Unchanged | $7.7m128.1k shares |
| D. E. Shaw & Co., Inc. | Added | $6.4m106.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $5.1m84.4k shares |
| Walleye Capital LLC | Added | $3.4m56.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $33.2m549.6k shares |
| PEAK6 LLC | Reduced | $21.1m350.0k shares |
| Oribel Capital Management, LP | New | $8.7m144.4k shares |
| BRANT POINT INVESTMENT MANAGEMENT LLC | Reduced | $6.0m1.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.5m91.8k shares |
| Twin Tree Management, LP | New | $5.1m84.2k shares |
| JANE STREET GROUP, LLC | Added | $3.6m59.9k shares |
| Walleye Trading LLC | Added | $3.1m52.0k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $3.0m49.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $2.6m42.3k 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 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 |
|---|---|---|---|---|---|
| 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 |
| Q4 2025 | 0 | — | 5 | $6.6m | $4.4m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-11 | WENDLER DANIEL Chief Accounting Officer | Sold plan | $719.7k10.0k shares |
| 2025-11-26 | HURLSTON MICHAEL E. Director | Sold | $580.0k10.0k shares |
| 2025-11-21 | WATKINS WILLIAM D Director | Sold | $1.1m20.0k shares |
| 2025-11-20 | HURLSTON MICHAEL E. Director | Sold | $561.7k10.0k shares |
| 2025-11-11 | Hartung Michael P Chief Commercial Officer | Sold plan | $933.2k15.0k shares |
| 2025-11-04 | Hartung Michael P Chief Commercial Officer | Sold plan | $933.9k15.0k shares |
| 2025-10-28 | Hartung Michael P Chief Commercial Officer | Sold plan | $963.8k15.0k shares |
| 2025-10-27 | Tan Kwang Hooi Chief Operating Officer | Sold plan | $811.1k12.5k 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.05% of their portfolio | 50.2m $3.0bn | Added +6.9m |
| VANGUARD GROUP INC 0.03% of their portfolio | 38.7m $2.3bn | Added +25.7m |
| PRIMECAP MANAGEMENT CO/CA/ 1.22% of their portfolio | 26.7m $1.6bn | Reduced -2.9m |
| JANUS HENDERSON GROUP PLC 0.60% of their portfolio | 22.3m $1.3bn | Reduced -4.0m |
| WELLINGTON MANAGEMENT GROUP LLP 0.19% of their portfolio | 17.6m $1.1bn | Added +505.8k |
| FMR LLC 0.05% of their portfolio | 17.5m $1.1bn | Reduced -3.7m |
| STATE STREET CORP 0.03% of their portfolio | 14.1m $849.2m | Added +2.1m |
| Boston Partners 0.76% of their portfolio | 12.1m $732.8m | Reduced -6.9m |
| Invesco Ltd. 0.05% of their portfolio | 8.3m $500.9m | Reduced -286.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 7.6m $459.8m | Added +181.3k |
| LYRICAL ASSET MANAGEMENT LP 5.96% of their portfolio | 7.5m $455.4m | Reduced -613.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.35% of their portfolio | 5.9m $358.3m | Reduced -131.2k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 5.7m $346.7m | Reduced -392.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.11% of their portfolio | 5.5m $333.0m | Reduced -119.6k |
| NORGES BANK 0.03% of their portfolio | 5.3m $319.8m | Not comparable |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 4.7m $285.0m | Reduced -2.3m |
| Nuveen, LLC 0.06% of their portfolio | 4.0m $241.9m | Reduced -850.1k |
| LSV ASSET MANAGEMENT 0.49% of their portfolio | 3.7m $226.2m | Reduced -2.2m |
| Polar Capital Holdings Plc 1.02% of their portfolio | 3.7m $223.1m | Added +2.2m |
| NORTHERN TRUST CORP 0.02% of their portfolio | 3.2m $193.2m | Added +101.2k |
| ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio | 3.0m $179.9m | Reduced -4.3m |
| MORGAN STANLEY 0.01% of their portfolio | 2.9m $178.0m | Added +488.5k |
| EARNEST PARTNERS LLC 0.75% of their portfolio | 2.9m $174.0m | Reduced -546.7k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 2.7m $161.5m | Reduced -93.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 2.6m $159.6m | Added +2.6m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.6m $157.0m | Reduced -9.1k |
| Legal & General Group Plc 0.03% of their portfolio | 2.3m $141.4m | Reduced -129.6k |
| Allianz Asset Management GmbH 0.13% of their portfolio | 1.9m $117.6m | Reduced -447.2k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 1.9m $116.1m | Reduced -523.8k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.8m $105.8m | Reduced -3.5m |
| SEI INVESTMENTS CO 0.09% of their portfolio | 1.5m $88.6m | Added +314.8k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 1.4m $86.9m | Added +83.2k |
| Artisan Partners Limited Partnership 0.13% of their portfolio | 1.4m $86.4m | Reduced -548.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.11% of their portfolio | 1.4m $83.0m | Reduced -98.8k |
| UBS Group AG 0.02% of their portfolio | 1.3m $80.8m | Reduced -214.0k |
| Junto Capital Management LP 1.76% of their portfolio | 1.3m $78.8m | Added +334.1k |
| Amundi 0.02% of their portfolio | 1.3m $78.2m | Added +1.1m |
| LPL Financial LLC 0.02% of their portfolio | 1.3m $78.1m | Reduced -212.8k |
| COOKSON PEIRCE & CO INC 3.05% of their portfolio | 1.2m $73.6m | Reduced -13.0k |
| Pacer Advisors, Inc. 0.19% of their portfolio | 1.2m $71.5m | Reduced -180.9k |
| BARCLAYS PLC 0.03% of their portfolio | 1.1m $68.1m | Added +125.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 1.1m $65.2m | Reduced -290.9k |
| DekaBank Deutsche Girozentrale 0.06% of their portfolio | 1.1m $34.1m | Unchanged |
| Swiss National Bank 0.04% of their portfolio | 1.0m $61.9m | Added +302.1k |
| Sound Shore Management Inc /CT/ 1.96% of their portfolio | 1.0m $61.5m | Reduced -153.3k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 1.0m $61.5m | Reduced -20.6k |
| Park West Asset Management LLC 5.00% of their portfolio | 982.0k $59.3m | Reduced -91.0k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 981.5k $59.3m | Reduced -143.5k |
| Electron Capital Partners, LLC 2.66% of their portfolio | 948.2k $57.3m | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 947.3k $57.2m | Added +299.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 928.1k $56.1m | Reduced -33.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.19% of their portfolio | 907.9k $54.9m | Reduced -39.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 872.6k $52.7m | Added +246.2k |
| Capital International Investors 0.01% of their portfolio | 864.8k $52.3m | Unchanged |
| BANK OF NOVA SCOTIA 0.08% of their portfolio | 849.5k $51.3m | New |
| Clear Harbor Asset Management, LLC 3.45% of their portfolio | 834.5k $50.4m | Reduced -9.9k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 832.7k $50.3m | Added +630.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 821.2k $49.6m | Added +713.1k |
| California Public Employees Retirement System 0.03% of their portfolio | 816.6k $49.3m | Reduced -33.2k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 803.1k $48.5m | Reduced -2.0m |
| Man Group plc 0.09% of their portfolio | 802.8k $48.5m | Added +146.4k |
| BRANDES INVESTMENT PARTNERS, LP 0.37% of their portfolio | 801.9k $48.5m | Reduced -138.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 795.2k $48.0m | Reduced -38.5k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 778.1k $47.0m | Added +6.4k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.07% of their portfolio | 770.0k $46.5m | First filing |
| STOREBRAND ASSET MANAGEMENT AS 0.12% of their portfolio | 736.9k $44.5m | Added +78.5k |
| GENDELL JEFFREY L 0.71% of their portfolio | 676.4k $40.9m | Added +53.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 660.9k $39.9m | Reduced -127.5k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.08% of their portfolio | 649.0k $39.2m | Added +507.6k |
| Balyasny Asset Management L.P. 0.07% of their portfolio | 639.8k $38.7m | Reduced -1.5m |
| National Pension Service 0.03% of their portfolio | 621.5k $37.5m | New |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 596.4k $36.0m | Added +227.9k |
| BECKER CAPITAL MANAGEMENT INC 1.00% of their portfolio | 576.1k $34.8m | Reduced -15.0k |
| CITIGROUP INC 0.02% of their portfolio | 554.3k $33.5m | Reduced -61.1k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 537.4k $32.5m | Reduced -79.6k |
| MERCER GLOBAL ADVISORS INC /ADV 0.05% of their portfolio | 536.2k $32.7m | Added +259.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 510.9k $30.9m | Added +159.4k |
| Alyeska Investment Group, L.P. 0.08% of their portfolio | 495.6k $29.9m | Reduced -1.7m |
| Treasurer of the State of North Carolina 0.09% of their portfolio | 484.4k $29.3m | Reduced -143.2k |
| Portolan Capital Management, LLC 1.51% of their portfolio | 466.9k $28.2m | Reduced -128.9k |
| LOGAN CAPITAL MANAGEMENT INC 1.13% of their portfolio | 444.2k $26.8m | Added +12.9k |
| Retirement Systems of Alabama 0.09% of their portfolio | 443.8k $26.8m | Reduced -10.0k |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 421.6k $25.5m | Added +62.0k |
| Brandywine Global Investment Management, LLC 0.16% of their portfolio | 390.7k $23.6m | Reduced -3.4k |
| Blue Door Asset Management, LLC 14.73% of their portfolio | 388.9k $23.5m | Reduced -15.0k |
| Trexquant Investment LP 0.20% of their portfolio | 380.0k $23.0m | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 378.2k $24.1m | Added +377.3k |
| Robeco Institutional Asset Management B.V. 0.03% of their portfolio | 375.6k $22.7m | Reduced -6.8k |
| J. Safra Sarasin Holding AG 0.36% of their portfolio | 370.8k $22.4m | Reduced -296.7k |
| COZAD ASSET MANAGEMENT INC 1.71% of their portfolio | 364.4k $22.0m | Reduced -260 |
| KADENSA CAPITAL Ltd 2.24% of their portfolio | 357.5k $21.6m | New |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.23% of their portfolio | 355.1k $21.5m | Reduced -86.5k |
| Crossmark Global Holdings, Inc. 0.30% of their portfolio | 341.7k $20.6m | Added +3.3k |
| Aberdeen Group plc 0.03% of their portfolio | 340.7k $20.6m | Added +5.5k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.07% of their portfolio | 340.4k $20.6m | Added +130.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 334.7k $20.2m | Reduced -421.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 333.4k $20.1m | Reduced -19.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 326.3k $19.7m | Added +232.9k |
| LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio | 320.3k $19.4m | Reduced -14.6k |
| Shannon River Fund Management LLC 2.97% of their portfolio | 313.3k $18.9m | Reduced -536.1k |