Alcon

ALC • NYSE

Alcon is a medical - instruments & supplies company in the healthcare sector on NYSE, led by Jack R. Callison, Jr., with a market cap of $38.8B. As of Q3 2025, 48% of shares are held by 617 institutional investors, with VANGUARD GROUP INC as the largest holder at 4.29%.

Chief Executive OfficerJack R. Callison, Jr.

Market Cap$38.8B

Medical - Instruments & Supplies

Healthcare

Employees25.3K

Websitealcon.com

Overview

Overview of institutional ownership in ALC as of Q3 2025 with a market cap of $36.8B

All Institutions

Institutions: 617
Value Held: $17.6B
Shares Held: 236.0M
Avg Position: $28.5M
Median Position: $661.2K

Hedge Funds

Hedge Funds: 45
Value Held: $1.3B
Shares Held: 16.9M
Avg Position: $27.9M
Median Position: $3.8M

Ownership Breakdown

Institutional (non-HF)

44.35%

$16.3B

Hedge Funds

3.41%

$1.3B

Retail & Other

52.24%

$19.2B

Based on market cap of $36.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ALC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.6B 0.02% of portfolio	4.29% 21.2M shares	Q2 2019 Held for 6y 5m	$6.69T
FMR LLC Institution	-	$799.2M 0.04% of portfolio	2.17% 10.7M shares	Q2 2019 Held for 6y 5m	$1.92T
Aristotle Capital Management, LLC Long Only Manager	Christopher Arthur Fisher CCO	$797.7M 1.68% of portfolio	2.17% 10.7M shares	Q2 2019 Held for 6y 5m	$47.4B
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$764.1M 0.08% of portfolio	2.07% 10.3M shares	Q2 2024 Held for 1y 5m	$912.31B
Bank of New York Mellon Corp Institution	Robin Vince CEO	$655.9M 0.12% of portfolio	1.78% 8.8M shares	Q2 2019 Held for 6y 5m	$556.34B
Z Zurcher Kantonalbank Institution	-	$632.6M 1.45% of portfolio	1.72% 8.5M shares	Q2 2019 Held for 6y 5m	$43.5B
A AKO CAPITAL LLP Institution	-	$594.2M 8.45% of portfolio	1.61% 8.0M shares	Q2 2019 Held for 6y 5m	$7.0B
Select Equity Group, L.P. Hedge Fund•Multi-Strategy	George Stabler Loening Chairman	$501.1M 2.06% of portfolio	1.36% 6.7M shares	Q3 2024 Held for 1y 2m	$24.4B
UBS Group AG Institution	Sergio P. Ermotti CEO	$464.5M 0.09% of portfolio	1.26% 6.2M shares	Q2 2019 Held for 6y 5m	$511.54B
HARDING LOEVNER LP Long Only Manager	Aaron Jeffrey Bellish CEO	$408.5M 3.00% of portfolio	1.11% 5.5M shares	Q4 2019 Held for 5y 11m	$13.6B

Net Capital Flow

Institutional buying and selling activity for ALC in Q3 2025

Net Flow: −$1.6B
Buyers: 205
Sellers: 309
Total Bought: +$1.5B
Total Sold: −$3.2B
Avg Position: $27.1M

Biggest Buyers

Institution	Net Bought	Current Position
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$243.9M +3.3M shares	$764.1M 10.3M shares
FRANKLIN RESOURCES INC Institution	+$218.2M +2.9M shares	$399.0M 5.3M shares
Troy Asset Management Ltd Long Only Manager	+$134.7M +2.3M shares	$176.1M 3.0M shares
Kovitz Investment Group Partners, LLC RIA/Wealth	+$107.1M +1.4M shares	$107.9M 1.4M shares
Clearbridge Investments, LLC Long Only Manager	+$84.8M +1.1M shares	$87.2M 1.2M shares
S SIH Partners, LLLP Institution	+$61.9M +830.3K shares	$77.0M 1.0M shares
BANK OF AMERICA CORP /DE/ Institution	+$58.2M +780.7K shares	$287.5M 3.9M shares
JPMORGAN CHASE & CO Institution	+$58.1M +779.6K shares	$199.7M 2.7M shares
Vestal Point Capital, LP Hedge Fund•Long/Short	+$42.8M +575.0K shares	$82.0M 1.1M shares
M M&G Plc Institution	+$40.0M +539.7K shares	$40.5M 546.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$865.5M −11.6M shares	$2.6M 34.7K shares
FMR LLC Institution	−$242.8M −3.3M shares	$799.2M 10.7M shares
MACKENZIE FINANCIAL CORP Long Only Manager	−$236.9M −3.2M shares	$40.6M 544.8K shares
V Vontobel Holding Ltd. Institution	−$135.6M −1.8M shares	$373.6M 5.0M shares
HENDERSON GROUP PLC Institution	−$119.2M −1.6M shares	$43.9M 588.8K shares
HARDING LOEVNER LP Long Only Manager	−$113.6M −1.5M shares	$408.5M 5.5M shares
B BlackRock, Inc. Institution	−$78.3M −1.1M shares	$54.9M 736.1K shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	−$75.3M −1.0M shares	$363.8M 4.9M shares
F Findlay Park Partners LLP Institution	−$71.6M −810.6K shares	Sold Off 0 shares
Bank of New York Mellon Corp Institution	−$70.9M −951.9K shares	$655.9M 8.8M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ALC in Q3 2025

New Positions: 25
New Value: $56.5M
Exited Positions: 89
Exited Value: $370.2M

New Positions

Institution	Position Value
MD SASS INVESTORS SERVICES INC Long Only Manager	$38.1M 511.8K shares
INTECH INVESTMENT MANAGEMENT LLC Long Only Manager	$3.6M 47.7K shares
Morningstar Investment Management LLC Long Only Manager	$3.0M 39.8K shares
S Standard Life Aberdeen plc Institution	$2.5M 34.3K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$1.7M 23.3K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$1.3M 17.7K shares
P Perbak Capital Partners LLP Institution	$1.2M 16.1K shares
X XY Capital Ltd Institution	$1.2M 16.0K shares
Advocacy Wealth Management Services, LLC RIA/Wealth	$1.0M 14.0K shares
Q Quantessence Capital LLC Hedge Fund•Quant	$916.8K 12.3K shares

Exited Positions

Institution	Previous Position
F Findlay Park Partners LLP Institution	$71.6M 810.6K shares
R Rokos Capital Management LLP Hedge Fund•Global Macro	$68.0M 769.8K shares
A AXA Institution	$33.6M 380.5K shares
Ceredex Value Advisors LLC Long Only Manager	$31.1M 352.4K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$29.7M 336.4K shares
R Ruffer LLP Long Only Manager	$27.3M 308.6K shares
A AMF Pensionsforsakring AB Institution	$24.3M 272.8K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	$17.4M 197.2K shares
Polar Capital Holdings Plc Long Only Manager	$17.3M 235.0K shares
Rhenman & Partners Asset Management AB RIA/Wealth	$6.0M 68.0K shares

Options Activity

Institutions with the largest Call and Put options positions in ALC as of Q3 2025

Call Positions: 18
Call Value: $1.1B
Put Positions: 21
Put Value: $511.7M

Call Positions

Institution	Position Value
UBS Group AG Institution	$959.0M 128.7K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$44.7M 6.0K contracts
S SIH Partners, LLLP Institution	$34.4M 4.6K contracts
V Vontobel Holding Ltd. Institution	$13.4M 1.8K contracts
GOLDMAN SACHS GROUP INC Institution	$8.9M 1.2K contracts
BANK OF AMERICA CORP /DE/ Institution	$7.5M 1.0K contracts
CITIGROUP INC Institution	$6.6M 889.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.6M 615.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.1M 546.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$1.5M 195.0 contracts

Put Positions

Institution	Position Value
S SIH Partners, LLLP Institution	$322.9M 43.3K contracts
GOLDMAN SACHS GROUP INC Institution	$49.3M 6.6K contracts
Q Qube Research & Technologies Ltd Institution	$43.4M 5.8K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$19.4M 2.6K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$14.5M 2.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$12.6M 1.7K contracts
E Eisler Capital Management Ltd. Institution	$11.1M 1.5K contracts
C CREDIT INDUSTRIEL ET COMMERCIAL Institution	$9.3M 1.3K contracts
UBS Group AG Institution	$8.2M 1.1K contracts
CITIGROUP INC Institution	$5.2M 704.0 contracts

Most Committed Institutions

Institutions with ALC as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
R Rudius Management LP Hedge Fund•Long/Short	Murat Nmn Ozbaydar CIO	33.97% $161.8M	0.44% 2.2M shares	Q4 2020 Held for 4y 11m	$476.4M
A AKO CAPITAL LLP Institution	-	8.45% $594.2M	1.61% 8.0M shares	Q2 2019 Held for 6y 5m	$7.0B
CAISSE DES DEPOTS ET CONSIGNATIONS Fund of Funds	Neil David Blundell CIO	7.15% $168.3M	0.46% 2.3M shares	Q4 2024 Held for 11 months	$2.4B
S SIH Partners, LLLP Institution	-	6.71% $77.0M	0.21% 1.0M shares	Q4 2024 Held for 11 months	$1.1B
Martin Investment Management, LLC RIA/Wealth	Patrick Albert Martin Managing Partner	4.84% $19.0M	0.05% 255.6K shares	Q2 2019 Held for 6y 5m	$393.5M
Troy Asset Management Ltd Long Only Manager	Charles William Davies CEO	4.52% $176.1M	0.60% 3.0M shares	Q1 2019 Held for 6y 8m	$3.9B
Vestal Point Capital, LP Hedge Fund•Long/Short	Ryan Christopher Wilder CIO	4.16% $82.0M	0.22% 1.1M shares	Q2 2025 Held for 5 months	$2.0B
N Nekton Capital Ltd. Institution	-	4.13% $2.0M	0.01% 27.4K shares	Q2 2025 Held for 5 months	$49.4M
S SIRIOS CAPITAL MANAGEMENT L P Hedge Fund•Long/Short	John Francis Brennan Managing Partner	3.76% $28.9M	0.08% 387.2K shares	Q2 2019 Held for 6y 5m	$768.2M
BRIDGER MANAGEMENT, LLC Hedge Fund•Long/Short	Matthew P Truax COO	3.11% $5.3M	0.01% 71.6K shares	Q3 2025 Held for 2 months	$171.6M

Hedge Fund Spotlight

Discover hedge funds investing in ALC

SIRIOS CAPITAL MANAGEMENT L P

Hedge Fund • Long/Short

Portfolio ManagerJohn Francis Brennan

Portfolio Value: $768.2M
Positions: 68
Last Reported: Q3 2025

Sector Allocation

Position in Alcon

Market Value: $28.9M
Shares Held: 387.2K
Portfolio Weight: 3.76%
Owned Since: 2019-Q2

Top Holding	Sector	Market Value	Weight
1 General Electric GEV	Renewable Utilities Utilities	$108.6M	14.13%
2 Taiwan Semiconductor Manufacturing Company TSM	Semiconductors Technology	$73.1M	9.52%
3 Wells Fargo & Company WFC	Banks - Diversified Financial Services	$32.2M	4.19%