Eastman Chemical

EMN • NYSE

Eastman Chemical is a chemicals - specialty company in the basic materials sector on NYSE, led by Mark J. Costa, with a market cap of $7.4B. As of Q3 2025, 87% of shares are held by 640 institutional investors, with VANGUARD GROUP INC as the largest holder at 12.49%.

Chief Executive OfficerMark J. Costa

Market Cap$7.4B

Chemicals - Specialty

Basic Materials

Employees14.0K

Websiteeastman.com

Country

United States of America

Overview

Overview of institutional ownership in EMN as of Q3 2025 with a market cap of $7.2B

All Institutions

Institutions: 640
Value Held: $6.3B
Shares Held: 100.1M
Avg Position: $9.9M
Median Position: $504.4K

Hedge Funds

Hedge Funds: 48
Value Held: $386.1M
Shares Held: 6.1M
Avg Position: $8.0M
Median Position: $1.9M

Ownership Breakdown

Institutional (non-HF)

81.9%

$5.9B

Hedge Funds

5.33%

$386.1M

Retail & Other

12.77%

$924.3M

Based on market cap of $7.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in EMN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$904.0M 0.01% of portfolio	12.49% 14.3M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$501.6M 0.01% of portfolio	6.93% 8.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$363.3M 0.01% of portfolio	4.95% 5.7M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
Capital Research Global Investors RIA/Wealth	Maria Alejandra Herrera CIO	$265.1M 0.05% of portfolio	3.66% 4.2M shares	Q4 2023 Held for 1y 11m	$532.36B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$255.5M 0.05% of portfolio	3.53% 4.1M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$241.3M 0.01% of portfolio	3.33% 3.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$233.4M 0.06% of portfolio	3.22% 3.7M shares	≤ Q2 2013 Held for 12y 5m+	$395.36B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$194.4M 0.01% of portfolio	2.69% 3.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$185.2M 0.03% of portfolio	2.56% 2.9M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	Edward Murray Maloney CEO	$174.7M 0.05% of portfolio	2.41% 2.8M shares	Q3 2017 Held for 8y 2m	$322.72B

Net Capital Flow

Institutional buying and selling activity for EMN in Q3 2025

Traded: −$53.0M
Buyers: 289
Sellers: 402
Total Bought: +$680.3M
Total Sold: −$733.3M
Avg Position: $8.0M

Biggest Buyers

Institution	Net Bought	Current Position
STATE STREET CORP Institution	+$71.1M +1.1M shares	$363.3M 5.7M shares
Allspring Global Investments Holdings, LLC Long Only Manager	+$53.2M +859.0K shares	$58.5M 944.0K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$38.0M +602.7K shares	$44.6M 707.3K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$36.8M +582.9K shares	$66.7M 1.1M shares
PRUDENTIAL FINANCIAL INC Institution	+$32.6M +516.9K shares	$42.3M 670.7K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$32.1M +509.3K shares	$255.5M 4.1M shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	+$31.9M +505.9K shares	$31.9M 505.9K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$31.2M +494.7K shares	$33.8M 535.4K shares
D D. E. Shaw & Co., Inc. Institution	+$28.2M +447.8K shares	$28.2M 447.8K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$27.1M +429.2K shares	$38.1M 604.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
FRANKLIN RESOURCES INC Institution	−$49.9M −790.7K shares	$233.4M 3.7M shares
I Ilex Capital Partners LLP Institution	−$42.5M −569.9K shares	Sold Off 0 shares
BANK OF AMERICA CORP /DE/ Institution	−$39.3M −623.8K shares	$116.8M 1.9M shares
Q Qube Research & Technologies Ltd Institution	−$29.4M −466.8K shares	$15.2M 241.5K shares
AMERIPRISE FINANCIAL INC Institution	−$28.7M −454.9K shares	$9.3M 147.6K shares
MORGAN STANLEY RIA/Wealth	−$27.7M −439.6K shares	$241.3M 3.8M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$25.5M −404.9K shares	$7.7M 121.7K shares
VANGUARD GROUP INC Institution	−$20.3M −322.4K shares	$904.0M 14.3M shares
Clearbridge Investments, LLC Long Only Manager	−$19.3M −305.9K shares	$56.5M 896.3K shares
J JANE STREET GROUP, LLC Institution	−$18.7M −297.1K shares	$12.8M 202.7K shares

Entry and Exit Activity

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

New Positions: 29
New Value: $23.1M
Exited Positions: 149
Exited Value: $173.8M

New Positions

Institution	Position Value
M M&G Plc Institution	$12.2M 193.6K shares
Drummond Knight Asset Management Pty Ltd Hedge Fund•Distressed	$4.7M 75.0K shares
WEALTHEDGE INVESTMENT ADVISORS, LLC RIA/Wealth	$1.1M 17.2K shares
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	$916.1K 14.5K shares
VAUGHAN AND COMPANY SECURITIES, INC. RIA/Wealth	$696.6K 11.0K shares
Board of the Pension Protection Fund RIA/Wealth	$643.1K 10.2K shares
S SIG BROKERAGE, LP Institution	$575.0K 9.1K shares
B Bryce Point Capital, LLC Hedge Fund•Market Neutral	$571.4K 9.1K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$389.3K 6.2K shares
N Northwest & Ethical Investments L.P. Institution	$381.5K 6.1K shares

Exited Positions

Institution	Previous Position
I Ilex Capital Partners LLP Institution	$42.5M 569.9K shares
ATLANTIC INVESTMENT MANAGEMENT INC Hedge Fund•Activist	$10.1M 134.7K shares
C Cubist Systematic Strategies, LLC Institution	$9.9M 132.5K shares
Q Qsemble Capital Management, LP Hedge Fund•Quant	$7.5M 100.2K shares
HITE Hedge Asset Management LLC Hedge Fund•Long/Short	$7.3M 97.6K shares
M Mediolanum International Funds Ltd Institution	$6.9M 90.4K shares
Soundwatch Capital LLC ETF Provider	$6.2M 10.1K shares
Regents Gate Capital LLP Hedge Fund•Market Neutral	$5.8M 77.4K shares
O Olstein Capital Management, L.P. Long Only Manager	$5.5M 74.0K shares
H HRT FINANCIAL LLC Institution	$5.3M 70.4K shares

Options Activity

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

Call Positions: 15
Call Value: $84.3M
Put Positions: 15
Put Value: $67.7M

Call Positions

Institution	Position Value
M MASTERS CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	$50.4M 8.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$8.2M 1.3K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$5.0M 797.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.1M 651.0 contracts
J JANE STREET GROUP, LLC Institution	$3.7M 593.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$3.5M 551.0 contracts
S SIG BROKERAGE, LP Institution	$3.3M 520.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.7M 265.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$1.7M 262.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$1.2M 193.0 contracts

Put Positions

Institution	Position Value
M MASTERS CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	$31.5M 5.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$10.1M 1.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$9.4M 1.5K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$4.2M 668.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$3.6M 566.0 contracts
W WOLVERINE TRADING, LLC Institution	$2.4M 383.0 contracts
D D. E. Shaw & Co., Inc. Institution	$1.7M 272.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$1.4M 216.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$1.0M 160.0 contracts
Walleye Trading LLC RIA/Wealth	$870.1K 138.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
M MASTERS CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	Michael Willingham Masters CEO	6.05% $31.5M	0.44% 500.0K shares	Q1 2025 Held for 8 months	$521.3M
Q QSM Asset Management Ltd Institution	-	4.20% $5.9M	0.08% 94.7K shares	Q4 2024 Held for 11 months	$140.0M
Walnut Level Capital LLC Hedge Fund•Sector	Charles William Antrim CIO	3.55% $5.0M	0.07% 79.8K shares	Q4 2023 Held for 1y 11m	$141.9M
E EDMP, INC. RIA/Wealth	Julie Cycenas Carnevale President	2.23% $2.8M	0.04% 44.6K shares	Q1 2023 Held for 2y 8m	$126.2M
W William B. Walkup & Associates, Inc. RIA/Wealth	Christopher Joel Walkup CFO	1.48% $2.8M	0.04% 43.9K shares	Q2 2024 Held for 1y 5m	$186.7M
Drummond Knight Asset Management Pty Ltd Hedge Fund•Distressed	Scott Eckart Vollmer CEO	1.45% $4.7M	0.07% 75.0K shares	Q3 2025 Held for 2 months	$326.7M
Altrius Capital Management Inc RIA/Wealth	James Michael Russo CEO	1.34% $5.0M	0.07% 78.6K shares	Q2 2022 Held for 3y 5m	$369.9M
LETKO, BROSSEAU & ASSOCIATES INC Long Only Manager	Thomas Massey Birks Chairman	1.23% $71.4M	0.99% 1.1M shares	Q4 2016 Held for 8y 11m	$5.8B
OLD REPUBLIC INTERNATIONAL CORP Institution	Craig Smiddy CEO	0.91% $24.4M	0.34% 387.5K shares	Q4 2019 Held for 5y 11m	$2.7B
B BUTENSKY & COHEN FINANCIAL SECURITY, INC Institution	-	0.86% $3.1M	0.04% 49.0K shares	Q4 2014 Held for 10y 11m	$358.5M

Hedge Fund Spotlight

Discover hedge funds investing in EMN

Woodline Partners LP

Hedge Fund • Long/Short

Portfolio ManagerKarl Heinz Kroeker

Portfolio Value: $21.3B
Positions: 868
Last Reported: Q3 2025

Sector Allocation

Position in Eastman Chemical

Market Value: $20.3M
Shares Held: 321.4K
Portfolio Weight: 0.10%
Owned Since: 2024-Q4

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