Linde

LIN • NASDAQ

Linde is a chemicals - specialty company in the basic materials sector on NASDAQ, led by Sanjiv Lamba, with a market cap of $205.48B. As of Q3 2025, 79% of shares are held by 2,059 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.51%.

CEOSanjiv Lamba

Market Cap$205.48B

Chemicals - Specialty

Basic Materials

Employees66.2K

Websitelinde.com

Country

United States of America

Overview

Overview of institutional ownership in LIN as of Q3 2025 with a market cap of $222.73B

All Institutions

Institutions: 2,059
Value Held: $176.16B
Shares Held: 371.0M
Avg Position: $85.6M
Median Position: $1.2M

Hedge Funds

Hedge Funds: 78
Value Held: $2.3B
Shares Held: 4.9M
Avg Position: $30.1M
Median Position: $4.2M

Ownership Breakdown

Institutional (non-HF)

78.04%

$173.82B

Hedge Funds

1.05%

$2.3B

Retail & Other

20.91%

$46.6B

Based on market cap of $222.73B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in LIN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$21.2B 0.32% of portfolio	9.51% 44.6M shares	Q4 2018 Held for 7 years	$6.69T
BlackRock, Inc. Institution	Laurence D. Fink CEO	$17.5B 0.31% of portfolio	7.85% 36.8M shares	Q4 2018 Held for 7 years	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$9.2B 0.32% of portfolio	4.12% 19.3M shares	Q4 2018 Held for 7 years	$2.88T
FMR LLC Institution	-	$5.9B 0.31% of portfolio	2.65% 12.4M shares	Q4 2018 Held for 7 years	$1.92T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$5.4B 0.34% of portfolio	2.41% 11.3M shares	Q4 2018 Held for 7 years	$1.57T
C Capital World Investors Institution	-	$5.0B 0.69% of portfolio	2.25% 10.6M shares	Q4 2018 Held for 7 years	$730.00B
Capital Research Global Investors RIA/Wealth	Maria Alejandra Herrera CIO	$4.4B 0.83% of portfolio	1.99% 9.3M shares	Q4 2018 Held for 7 years	$532.36B
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$4.3B 0.47% of portfolio	1.94% 9.1M shares	Q4 2018 Held for 7 years	$912.31B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$4.3B 0.27% of portfolio	1.92% 9.0M shares	Q4 2018 Held for 7 years	$1.56T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$3.6B 0.22% of portfolio	1.60% 7.5M shares	Q4 2018 Held for 7 years	$1.65T

Net Capital Flow

Institutional buying and selling activity for LIN in Q3 2025

Traded: −$1.7B
Buyers: 1,011
Sellers: 821
Total Bought: +$5.0B
Total Sold: −$6.6B
Avg Position: $81.3M

Biggest Buyers

Institution	Net Bought	Current Position
LAZARD ASSET MANAGEMENT LLC Long Only Manager	+$453.3M +954.1K shares	$453.3M 954.1K shares
A Assenagon Asset Management S.A. Institution	+$361.5M +761.0K shares	$799.5M 1.7M shares
FMR LLC Institution	+$238.5M +502.1K shares	$5.9B 12.4M shares
FLOSSBACH VON STORCH AG RIA/Wealth	+$169.1M +356.0K shares	$342.9M 722.0K shares
S Swedbank AB Institution	+$143.7M +302.5K shares	$534.4M 1.1M shares
Q Qube Research & Technologies Ltd Institution	+$130.0M +273.7K shares	$568.8M 1.2M shares
L LEGAL & GENERAL GROUP PLC Institution	+$127.8M +269.0K shares	$1.3B 2.8M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$118.3M +249.1K shares	$131.2M 276.1K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$118.1M +248.7K shares	$204.7M 431.0K shares
MORGAN STANLEY RIA/Wealth	+$116.7M +245.7K shares	$3.6B 7.5M shares

Biggest Sellers

Institution	Net Sold	Current Position
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$788.9M −1.7M shares	$1.6B 3.3M shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	−$656.3M −1.4M shares	$2.5B 5.2M shares
A AXA Institution	−$304.2M −648.4K shares	Sold Off 0 shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$264.9M −557.6K shares	$4.3B 9.1M shares
C Capital World Investors Institution	−$240.6M −506.6K shares	$5.0B 10.6M shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	−$205.2M −437.4K shares	Sold Off 0 shares
P PUBLIC INVESTMENT FUND Institution	−$204.7M −436.4K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$184.1M −387.5K shares	$1.5B 3.1M shares
Bank of New York Mellon Corp Institution	−$180.5M −380.0K shares	$2.7B 5.6M shares
Marshall Wace LLP Institution	−$156.7M −329.7K shares	$45.8M 96.4K shares

Entry and Exit Activity

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

New Positions: 74
New Value: $83.4M
Exited Positions: 109
Exited Value: $1.2B

New Positions

Institution	Position Value
M MIRAE ASSET SECURITIES INC. Institution	$23.9M 50.3K shares
N Nearwater Capital Markets, Ltd Institution	$15.4M 32.4K shares
Morningstar Investment Management LLC Long Only Manager	$7.1M 14.9K shares
Family Capital Trust Co RIA/Wealth	$4.7M 9.9K shares
A Albar Capital Partners LLP Institution	$4.5M 9.6K shares
OAK ASSOCIATES LTD /OH/ Long Only Manager	$3.5M 7.4K shares
B Bedell Investment Counselling RIA/Wealth	$2.8M 6.0K shares
Lorne Steinberg Wealth Management Inc. RIA/Wealth	$2.6M 5.6K shares
F Farringdon Capital, Ltd. Institution	$1.9M 3.9K shares
Maridea Wealth Management LLC RIA/Wealth	$1.6M 3.5K shares

Exited Positions

Institution	Previous Position
A AXA Institution	$304.2M 648.4K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	$205.2M 437.4K shares
P PUBLIC INVESTMENT FUND Institution	$204.7M 436.4K shares
NISSAY ASSET MANAGEMENT CORP /JAPAN/ /ADV Insurance Manager	$105.3M 224.4K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$86.8M 185.0K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$62.2M 132.6K shares
WHITTIER TRUST CO RIA/Wealth	$56.0M 119.3K shares
Bornite Capital Management LP Hedge Fund•Long/Short	$36.2M 77.2K shares
Foresight Group Ltd Liability Partnership Real Assets	$24.8M 52.8K shares
WHITTIER TRUST CO OF NEVADA INC RIA/Wealth	$24.2M 51.6K shares

Options Activity

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

Call Positions: 38
Call Value: $512.6M
Put Positions: 42
Put Value: $749.8M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$135.2M 2.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$92.3M 1.9K contracts
UBS Group AG Institution	$39.0M 821.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$32.6M 687.0 contracts
J JANE STREET GROUP, LLC Institution	$27.5M 578.0 contracts
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$26.7M 563.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$21.5M 452.0 contracts
CITIGROUP INC Institution	$18.3M 386.0 contracts
R ROYAL BANK OF CANADA Institution	$15.6M 328.0 contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$15.0M 3.2 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$210.5M 4.4K contracts
CITIGROUP INC Institution	$108.0M 2.3K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$82.6M 1.7K contracts
UBS Group AG Institution	$55.2M 1.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$48.8M 1.0K contracts
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$27.1M 570.0 contracts
A Allianz Asset Management AG Institution	$25.8M 544.0 contracts
M MIRAE ASSET SECURITIES INC. Institution	$23.8M 500.0 contracts
Q Qube Research & Technologies Ltd Institution	$18.6M 391.0 contracts
E Eisler Capital Management Ltd. Institution	$17.3M 364.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
F Freemont Capital Pte Ltd Institution	-	52.74% $2.4B	1.08% 5.1M shares	Q4 2024 Held for 1 year	$4.6B
G Groupe des Assurances du Credit Mutuel Institution	-	46.85% $34.6M	0.02% 72.7K shares	Q4 2024 Held for 1 year	$73.8M
Z Zeno Equity Partners LLP Institution	-	16.76% $39.3M	0.02% 82.8K shares	Q4 2023 Held for 2 years	$234.7M
CAISSE DES DEPOTS ET CONSIGNATIONS Fund of Funds	Neil David Blundell CIO	14.85% $349.5M	0.16% 735.7K shares	Q4 2024 Held for 1 year	$2.4B
LANSDOWNE PARTNERS LLP Hedge Fund•Long/Short	Richard Brian Heyworth CEO	14.38% $173.2M	0.08% 364.5K shares	Q1 2023 Held for 2y 9m	$1.2B
P Pelham Capital Ltd. Institution	-	12.68% $24.4M	0.01% 51.3K shares	Q3 2023 Held for 2y 3m	$192.2M
SailingStone Capital Partners LLC Hedge Fund•Sector	Walker Nelson Moody President	8.93% $34.1M	0.02% 71.8K shares	Q1 2021 Held for 4y 9m	$381.9M
Bleichroeder LP Hedge Fund•Value	Andrew Stephen Gundlach CEO	7.63% $39.0M	0.02% 82.1K shares	Q4 2019 Held for 6 years	$510.9M
C COMGEST GLOBAL INVESTORS S.A.S. Institution	-	7.33% $413.5M	0.19% 870.5K shares	Q4 2021 Held for 4 years	$5.6B
C CAM Group Holding A/S Institution	-	7.31% $418.8M	0.19% 881.7K shares	Q1 2023 Held for 2y 9m	$5.7B

Hedge Fund Spotlight

Discover hedge funds investing in LIN

LANSDOWNE PARTNERS LLP

Hedge Fund • Long/Short

Portfolio ManagerRichard Brian Heyworth

Portfolio Value: $1.2B
Positions: 22
Last Reported: Q3 2025

Sector Allocation

Position in Linde

Market Value: $173.2M
Shares Held: 364.5K
Portfolio Weight: 14.38%
Owned Since: 2023-Q1

Top Holding	Sector	Market Value	Weight
1 Taiwan Semiconductor Manufacturing Company TSM	Semiconductors Technology	$396.4M	32.92%
2 Linde LIN	Chemicals - Specialty Basic Materials	$173.2M	14.38%
3 Delta Air Lines DAL	Airlines, Airports & Air Services Industrials	$129.6M	10.77%