Air Products and Chemicals

APD • NYSE

Air Products and Chemicals is a chemicals - specialty company in the basic materials sector on NYSE, led by Seifollah Ghasemi, with a market cap of $54.3B. As of Q3 2025, 92% of shares are held by 1,651 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.89%.

Chairman of the Board, President and Chief Executive OfficerSeifollah Ghasemi

Market Cap$54.3B

Chemicals - Specialty

Basic Materials

Employees23.0K

Websiteairproducts.com

Country

United States of America

Overview

Overview of institutional ownership in APD as of Q3 2025 with a market cap of $60.7B

All Institutions

Institutions: 1,651
Value Held: $55.7B
Shares Held: 204.2M
Avg Position: $33.7M
Median Position: $874.3K

Hedge Funds

Hedge Funds: 53
Value Held: $2.9B
Shares Held: 10.6M
Avg Position: $54.7M
Median Position: $1.7M

Ownership Breakdown

Institutional (non-HF)

86.96%

$52.8B

Hedge Funds

4.78%

$2.9B

Retail & Other

8.27%

$5.0B

Based on market cap of $60.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in APD as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$6.0B 0.09% of portfolio	9.89% 22.0M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$4.8B 0.08% of portfolio	7.87% 17.5M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
S STATE FARM MUTUAL AUTOMOBILE INSURANCE CO Institution	-	$3.2B 2.69% of portfolio	5.32% 11.8M shares	≤ Q2 2013 Held for 12y 5m+	$119.95B
Capital Research Global Investors RIA/Wealth	Maria Alejandra Herrera CIO	$3.2B 0.60% of portfolio	5.29% 11.8M shares	Q1 2021 Held for 4y 8m	$532.36B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$2.6B 0.09% of portfolio	4.30% 9.6M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
DODGE & COX Long Only Manager	Dana Morton Emery CEO	$2.5B 1.33% of portfolio	4.05% 9.0M shares	≤ Q2 2013 Held for 12y 5m+	$185.33B
C Capital International Investors Institution	-	$2.4B 0.39% of portfolio	3.99% 8.9M shares	Q4 2024 Held for 11 months	$615.90B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.8B 0.11% of portfolio	2.94% 6.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.4B 0.09% of portfolio	2.30% 5.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$1.3B 0.10% of portfolio	2.21% 4.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T

Net Capital Flow

Institutional buying and selling activity for APD in Q3 2025

Traded: +$477.4M
Buyers: 672
Sellers: 797
Total Bought: +$2.3B
Total Sold: −$1.8B
Avg Position: $31.5M

Biggest Buyers

Institution	Net Bought	Current Position
VIKING GLOBAL INVESTORS LP Hedge Fund•Long/Short	+$412.6M +1.5M shares	$1.0B 3.7M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	+$243.5M +892.8K shares	$281.3M 1.0M shares
FRANKLIN RESOURCES INC Institution	+$224.0M +821.5K shares	$1.3B 4.6M shares
C Capital International Investors Institution	+$166.2M +609.5K shares	$2.4B 8.9M shares
Invesco Ltd. ETF Provider	+$122.1M +447.7K shares	$512.9M 1.9M shares
I Ilex Capital Partners LLP Institution	+$81.9M +300.2K shares	$81.9M 300.2K shares
Capital Research Global Investors RIA/Wealth	+$74.2M +272.2K shares	$3.2B 11.8M shares
VANGUARD GROUP INC Institution	+$71.2M +260.9K shares	$6.0B 22.0M shares
Sessa Capital IM, L.P. Hedge Fund•Long/Short	+$63.5M +232.8K shares	$243.2M 891.8K shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$53.7M +196.9K shares	$141.2M 517.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
FIRST TRUST ADVISORS LP ETF Provider	−$180.9M −663.5K shares	$43.4M 159.1K shares
BANK OF AMERICA CORP /DE/ Institution	−$133.7M −490.2K shares	$1.3B 4.9M shares
UBS Group AG Institution	−$102.0M −373.9K shares	$667.5M 2.4M shares
Electron Capital Partners, LLC Hedge Fund•Long/Short	−$90.1M −330.4K shares	$38.0M 139.3K shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	−$80.1M −293.7K shares	$9.9M 36.5K shares
P PUBLIC INVESTMENT FUND Institution	−$75.6M −268.2K shares	Sold Off 0 shares
PRINCIPAL FINANCIAL GROUP INC Institution	−$55.6M −203.9K shares	$481.0M 1.8M shares
B BAHL & GAYNOR INC Institution	−$55.3M −202.6K shares	$198.9M 729.5K shares
Jain Global LLC Hedge Fund•Multi-Strategy	−$51.1M −181.0K shares	Sold Off 0 shares
N Neuberger Berman Group LLC Institution	−$48.1M −176.3K shares	$143.1M 524.8K shares

Entry and Exit Activity

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

New Positions: 40
New Value: $11.7M
Exited Positions: 116
Exited Value: $287.2M

New Positions

Institution	Position Value
D Delta Global Management LP Hedge Fund•Market Neutral	$1.9M 6.8K shares
T TEMA ETFS LLC Institution	$918.2K 3.4K shares
Portfolio Design Labs, LLC RIA/Wealth	$905.2K 3.3K shares
ClearAlpha Technologies LP Hedge Fund•Multi-Strategy	$609.8K 2.2K shares
Signature Resources Capital Management, LLC RIA/Wealth	$591.3K 2.2K shares
R Rede Wealth, LLC RIA/Wealth	$537.0K 2.0K shares
S SIG BROKERAGE, LP Institution	$522.3K 1.9K shares
Requisite Capital Management, LLC RIA/Wealth	$514.1K 1.9K shares
Bulltick Wealth Management, LLC RIA/Wealth	$499.1K 1.8K shares
Ritter Daniher Financial Advisory LLC / DE RIA/Wealth	$492.3K 1.8K shares

Exited Positions

Institution	Previous Position
P PUBLIC INVESTMENT FUND Institution	$75.6M 268.2K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$51.1M 181.0K shares
Cercano Management LLC Family Office	$29.8M 105.5K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$13.3M 47.0K shares
A Albar Capital Partners LLP Institution	$12.4M 43.8K shares
Summit Global Investments Long Only Manager	$7.7M 27.5K shares
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	$7.5M 26.4K shares
13D Management LLC Hedge Fund•Long/Short	$6.7M 23.9K shares
T Taikang Asset Management Co Ltd Institution	$6.0M 21.2K shares
V Vancity Investment Management Ltd Institution	$4.8M 17.0K shares

Options Activity

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

Call Positions: 36
Call Value: $428.7M
Put Positions: 28
Put Value: $111.7M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$87.2M 3.2K contracts
J JANE STREET GROUP, LLC Institution	$63.8M 2.3K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$55.4M 2.0K contracts
V Vontobel Holding Ltd. Institution	$53.0M 1.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$44.9M 1.6K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$24.5M 900.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	$19.5M 715.0 contracts
C Cubist Systematic Strategies, LLC Institution	$17.3M 634.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$8.7M 319.0 contracts
W WOLVERINE TRADING, LLC Institution	$7.9M 293.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$38.5M 1.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$18.4M 675.0 contracts
C Cubist Systematic Strategies, LLC Institution	$7.7M 281.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$6.3M 232.0 contracts
J JANE STREET GROUP, LLC Institution	$6.0M 220.0 contracts
W WOLVERINE TRADING, LLC Institution	$4.8M 177.0 contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$4.5M 165.0 contracts
A Allianz Asset Management AG Institution	$4.3M 159.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$3.7M 134.0 contracts
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$3.4M 123.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Mantle Ridge LP Hedge Fund•Activist	Paul Charles Hilal CEO	49.51% $1.1B	1.85% 4.1M shares	Q4 2024 Held for 11 months	$2.3B
C CINCINNATI INDEMNITY CO Institution	-	9.91% $4.1M	0.01% 15.0K shares	Q4 2018 Held for 6y 11m	$41.3M
Sessa Capital IM, L.P. Hedge Fund•Long/Short	Jae Hong President	6.19% $243.2M	0.40% 891.8K shares	Q2 2025 Held for 5 months	$3.9B
C CSU Producer Resources, Inc. Institution	-	4.48% $1.5M	0.00% 5.6K shares	Q4 2018 Held for 6y 11m	$33.9M
YOUNGS ADVISORY GROUP, INC. RIA/Wealth	John Gorton Youngs CEO	4.03% $11.3M	0.02% 41.5K shares	Q4 2015 Held for 9y 11m	$281.0M
Osher Van de Voorde Investment Management RIA/Wealth	James Michael Vandevoorde President	3.79% $17.4M	0.03% 64.0K shares	Q1 2022 Held for 3y 8m	$459.8M
Eliot Finkel Investment Counsel, LLC RIA/Wealth	Eliot Michelow Finkel Managing Partner	3.56% $5.9M	0.01% 21.7K shares	Q3 2022 Held for 3y 2m	$166.4M
C CINCINNATI CASUALTY CO Institution	-	3.43% $6.7M	0.01% 24.8K shares	Q4 2018 Held for 6y 11m	$196.7M
Socorro Asset Management LP Hedge Fund•Multi-Strategy	Mark Richard Freeman Founder	3.17% $8.2M	0.01% 29.9K shares	Q4 2022 Held for 2y 11m	$257.4M
Baer Investment Advisory LLC RIA/Wealth	Darel Andrew Baer CEO	3.07% $2.5M	0.00% 9.0K shares	Q2 2025 Held for 5 months	$79.9M

Hedge Fund Spotlight

Discover hedge funds investing in APD

LEVIN CAPITAL STRATEGIES, L.P.

Hedge Fund • Multi-Strategy

Portfolio ManagerJohn Andrew Levin

Portfolio Value: $1.1B
Positions: 182
Last Reported: Q3 2025

Sector Allocation

Position in Air Products and Chemicals

Market Value: $1.5M
Shares Held: 5.4K
Portfolio Weight: 0.13%
Owned Since: 2013-Q2

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$72.1M	6.61%
2 JPMorgan Chase JPM	Banks - Diversified Financial Services	$54.5M	5.00%
3 Bank of New York Mellon BK	Asset Management Financial Services	$46.2M	4.24%

View full profile

Air Products and Chemicals

Overview

All Institutions

Hedge Funds

Ownership Breakdown

Biggest Investors

Net Capital Flow

Biggest Buyers

Biggest Sellers

Entry and Exit Activity

New Positions

Exited Positions

Options Activity

Call Positions

Put Positions

Most Committed Institutions

Hedge Fund Spotlight

Position in Air Products and Chemicals

Cookie Preferences