PPG Industries

PPG • NYSE

PPG Industries is a chemicals - specialty company in the basic materials sector on NYSE, led by Timothy M. Knavish, with a market cap of $23.2B. As of Q3 2025, 84% of shares are held by 970 institutional investors, with VANGUARD GROUP INC as the largest holder at 12.97%.

Chief Executive OfficerTimothy M. Knavish

Market Cap$23.2B

Chemicals - Specialty

Basic Materials

Employees53.0K

Websiteppg.com

Country

United States of America

Overview

Overview of institutional ownership in PPG as of Q3 2025 with a market cap of $23.7B

All Institutions

Institutions: 970
Value Held: $19.9B
Shares Held: 189.2M
Avg Position: $20.5M
Median Position: $592.5K

Hedge Funds

Hedge Funds: 53
Value Held: $322.6M
Shares Held: 3.1M
Avg Position: $6.1M
Median Position: $1.6M

Ownership Breakdown

Institutional (non-HF)

82.44%

$19.6B

Hedge Funds

1.36%

$322.6M

Retail & Other

16.2%

$3.8B

Based on market cap of $23.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in PPG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$3.1B 0.05% of portfolio	12.97% 29.3M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$2.5B 0.04% of portfolio	10.34% 23.3M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$1.6B 0.28% of portfolio	6.72% 15.2M shares	≤ Q2 2013 Held for 12y 5m+	$571.21B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$1.3B 0.04% of portfolio	5.43% 12.3M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
F First Eagle Investment Management, LLC Long Only Manager	Mehdi Asif Mahmud CEO	$658.4M 1.20% of portfolio	2.78% 6.3M shares	Q1 2020 Held for 5y 8m	$54.9B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$593.8M 0.04% of portfolio	2.51% 5.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$493.5M 0.12% of portfolio	2.08% 4.7M shares	≤ Q2 2013 Held for 12y 5m+	$395.36B
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	Scott Hoy Mcbride CEO	$414.8M 1.29% of portfolio	1.75% 3.9M shares	Q1 2025 Held for 8 months	$32.2B
Beutel, Goodman & Co Ltd. Long Only Manager	Young A Jeffrey Managing Partner	$402.7M 2.43% of portfolio	1.70% 3.8M shares	Q2 2020 Held for 5y 5m	$16.6B
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$388.0M 0.04% of portfolio	1.64% 3.7M shares	≤ Q2 2013 Held for 12y 5m+	$912.31B

Net Capital Flow

Institutional buying and selling activity for PPG in Q3 2025

Traded: −$1.9M
Buyers: 422
Sellers: 446
Total Bought: +$1.4B
Total Sold: −$1.4B
Avg Position: $18.6M

Biggest Buyers

Institution	Net Bought	Current Position
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$265.0M +2.5M shares	$1.6B 15.2M shares
FRANKLIN RESOURCES INC Institution	+$139.4M +1.3M shares	$493.5M 4.7M shares
M MACQUARIE GROUP LTD Institution	+$81.2M +772.3K shares	$84.9M 807.5K shares
PZENA INVESTMENT MANAGEMENT LLC Long Only Manager	+$77.1M +733.7K shares	$183.7M 1.7M shares
F First Eagle Investment Management, LLC Long Only Manager	+$74.0M +703.5K shares	$658.4M 6.3M shares
B BlackRock, Inc. Institution	+$73.5M +699.5K shares	$2.5B 23.3M shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	+$56.2M +535.1K shares	$414.8M 3.9M shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	+$29.6M +282.0K shares	$93.9M 893.1K shares
Q Qube Research & Technologies Ltd Institution	+$28.1M +267.2K shares	$28.1M 267.2K shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	+$27.9M +265.6K shares	$59.6M 567.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
WELLS FARGO & COMPANY/MN Institution	−$190.2M −1.8M shares	$175.6M 1.7M shares
FIRST TRUST ADVISORS LP ETF Provider	−$175.3M −1.7M shares	$60.1M 571.5K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$103.2M −981.7K shares	$38.3M 364.1K shares
Interval Partners, LLC Hedge Fund•Long/Short	−$89.0M −847.0K shares	$23.7M 225.1K shares
BARCLAYS PLC Institution	−$56.9M −541.5K shares	$65.2M 620.0K shares
A Assenagon Asset Management S.A. Institution	−$55.7M −529.5K shares	$8.8M 83.9K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$42.9M −408.5K shares	$237.4M 2.3M shares
Kovitz Investment Group Partners, LLC RIA/Wealth	−$39.3M −374.0K shares	$5.7M 54.2K shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$39.3M −373.8K shares	$388.0M 3.7M shares
STATE STREET CORP Institution	−$37.9M −360.7K shares	$1.3B 12.3M shares

Entry and Exit Activity

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

New Positions: 29
New Value: $15.5M
Exited Positions: 99
Exited Value: $146.9M

New Positions

Institution	Position Value
Evelyn Partners Asset Management Ltd RIA/Wealth	$4.7M 45.1K shares
Morningstar Investment Management LLC Long Only Manager	$3.5M 32.9K shares
P Polymer Capital Management LLC Hedge Fund•Multi-Strategy	$2.0M 19.0K shares
Redwood Investment Management, LLC Long Only Manager	$1.1M 10.8K shares
D Delta Global Management LP Hedge Fund•Market Neutral	$801.6K 7.6K shares
F Farringdon Capital, Ltd. Institution	$561.2K 5.3K shares
Catalytic Wealth RIA, LLC RIA/Wealth	$520.6K 5.0K shares
KLEIN PAVLIS & PEASLEY FINANCIAL, INC. RIA/Wealth	$460.1K 4.4K shares
V Volterra Technologies LP Hedge Fund•Quant	$378.3K 3.6K shares
T TEMA ETFS LLC Institution	$334.9K 3.2K shares

Exited Positions

Institution	Previous Position
Woodline Partners LP Hedge Fund•Long/Short	$22.2M 195.3K shares
C Covalis Capital LLP Institution	$20.9M 183.4K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$19.8M 174.2K shares
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	$14.8M 130.0K shares
A AXA Institution	$13.4M 117.7K shares
M MASTERS CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	$11.4M 100.0K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$5.2M 46.1K shares
L Laurel Wealth Advisors LLC RIA/Wealth	$4.6M 40.5K shares
C Concentric Capital Strategies, LP Hedge Fund•Long/Short	$4.6M 40.4K shares
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	$2.4M 20.7K shares

Options Activity

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

Call Positions: 21
Call Value: $162.5M
Put Positions: 19
Put Value: $73.2M

Call Positions

Institution	Position Value
CITIGROUP INC Institution	$41.7M 4.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$35.0M 3.3K contracts
J JANE STREET GROUP, LLC Institution	$20.1M 1.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$18.7M 1.8K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$15.3M 1.5K contracts
Walleye Trading LLC RIA/Wealth	$10.2M 975.0 contracts
W WOLVERINE TRADING, LLC Institution	$4.8M 460.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$3.3M 312.0 contracts
V Volterra Technologies LP Hedge Fund•Quant	$2.4M 227.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$2.1M 202.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$21.9M 2.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$15.0M 1.4K contracts
CITIGROUP INC Institution	$8.4M 797.0 contracts
Walleye Trading LLC RIA/Wealth	$7.9M 749.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$4.4M 417.0 contracts
J JANE STREET GROUP, LLC Institution	$2.4M 232.0 contracts
C CREDIT INDUSTRIEL ET COMMERCIAL Institution	$2.1M 200.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.9M 187.0 contracts
C Cubist Systematic Strategies, LLC Institution	$1.5M 147.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$1.3M 125.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Walnut Level Capital LLC Hedge Fund•Sector	Charles William Antrim CIO	5.78% $8.2M	0.03% 78.0K shares	Q4 2023 Held for 1y 11m	$141.9M
Regents Gate Capital LLP Hedge Fund•Market Neutral	Joshua White CIO	3.85% $10.9M	0.05% 103.3K shares	Q3 2025 Held for 2 months	$281.7M
NAN FUNG TRINITY Ltd RIA/Wealth	Fredric Brian Fisher President	2.60% $26.1M	0.11% 248.1K shares	Q2 2024 Held for 1y 5m	$1.0B
Beutel, Goodman & Co Ltd. Long Only Manager	Young A Jeffrey Managing Partner	2.43% $402.7M	1.70% 3.8M shares	Q2 2020 Held for 5y 5m	$16.6B
Equity Investment Corp Acquisition Inc Long Only Manager	Richard Terrence Irrgang CEO	2.12% $101.2M	0.43% 963.0K shares	Q4 2016 Held for 8y 11m	$4.8B
CAMBIAR INVESTORS LLC Long Only Manager	Brian Mitchell Barish President	1.98% $43.5M	0.18% 414.2K shares	Q4 2023 Held for 1y 11m	$2.2B
PROSPECTOR PARTNERS LLC Hedge Fund•Long/Short	John Davies Gillespie Managing Partner	1.68% $13.7M	0.06% 130.7K shares	Q2 2020 Held for 5y 5m	$820.3M
Advanced Portfolio Management, LLC Hedge Fund•Multi-Strategy	Robert Edward Kiernan CEO	1.62% $643.5K	0.00% 6.2K shares	Q1 2025 Held for 8 months	$39.6M
M Monte Financial Group, LLC Institution	-	1.59% $4.3M	0.02% 41.1K shares	Q4 2017 Held for 7y 11m	$271.9M
COOKE & BIELER LP Long Only Manager	Edward W O'Connor Partner	1.50% $145.6M	0.61% 1.4M shares	Q4 2024 Held for 11 months	$9.7B

Hedge Fund Spotlight

Discover hedge funds investing in PPG

Delta Global Management LP

Hedge Fund • Market Neutral

Portfolio ManagerAndrew Farid Komery

Portfolio Value: $1.4B
Positions: 180
Last Reported: Q3 2025

Sector Allocation

Position in PPG Industries

Market Value: $801.6K
Shares Held: 7.6K
Portfolio Weight: 0.06%
Owned Since: 2025-Q3

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