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Air Products & Chemicals

1,747 hedge funds and large institutions have $58.9B invested in Air Products & Chemicals in 2025 Q2 according to their latest regulatory filings, with 115 funds opening new positions, 644 increasing their positions, 711 reducing their positions, and 139 closing their positions.

New
Increased
Maintained
Reduced
Closed

267% more call options, than puts

Call options by funds: $630M | Put options by funds: $172M

1.21% more ownership

Funds ownership: 92.19%93.4% (+1.2%)

3% less capital invested

Capital invested by funds: $60.4B → $58.9B (-$1.54B)

9% less repeat investments, than reductions

Existing positions increased: 644 | Existing positions reduced: 711

2% less funds holding

Funds holding: 1,7901,747 (-43)

17% less first-time investments, than exits

New positions opened: 115 | Existing positions closed: 139

29% less funds holding in top 10

Funds holding in top 10: 2820 (-8)

Holders
1,747
Holders Change
-43
Holders Change %
-2.4%
% of All Funds
23%
Holding in Top 10
20
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-28.57%
% of All Funds
0.26%
New
115
Increased
644
Reduced
711
Closed
139
Calls
$630M
Puts
$172M
Net Calls
+$459M
Net Calls Change
+$178M
Name Holding Trade Value Shares
Change
Change in
Stake
State of Wisconsin Investment Board
126
State of Wisconsin Investment Board
Wisconsin
$33.5M -$1.75M -6,401 -5%
CCMIC
127
Cardinal Capital Management Inc (Canada)
Manitoba, Canada
$33.4M -$201K -735 -0.6%
Manulife (Manufacturers Life Insurance)
128
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$32.8M -$4.76M -17,381 -13%
BCM
129
Becker Capital Management
Oregon
$32.8M +$313K +1,143 +1%
Cetera Investment Advisers
130
Cetera Investment Advisers
Illinois
$32.5M +$1.18M +4,321 +4%
AssetMark Inc
131
AssetMark Inc
California
$32.2M +$8.54M +31,199 +38%
Aberdeen Group
132
Aberdeen Group
United Kingdom
$31.9M +$1.23M +4,492 +4%
DB
133
Danske Bank
Denmark
$31.9M +$4.16M +15,204 +16%
GD
134
Grandfield & Dodd
New York
$31.6M -$148K -542 -0.5%
Truist Financial
135
Truist Financial
North Carolina
$31.5M -$1.77M -6,475 -5%
Universal-Beteiligungs- und Servicegesellschaft
136
Universal-Beteiligungs- und Servicegesellschaft
Germany
$31.4M -$2.27M -8,288 -7%
SC
137
Saturna Capital
Washington
$31.3M +$27.4K +100 +0.1%
CP
138
Coho Partners
Pennsylvania
$31.3M -$5.62M -20,546 -16%
Vontobel Holding
139
Vontobel Holding
Switzerland
$31.2M -$719K -2,626 -2%
William Blair & Company
140
William Blair & Company
Illinois
$31.1M +$1.65M +6,048 +6%
CM
141
Cercano Management
Washington
$29.8M -$21.8M -79,748 -43%
APG Asset Management
142
APG Asset Management
Netherlands
$29.7M +$684K +2,500 +2%
Cerity Partners
143
Cerity Partners
New York
$29.5M -$17.7M -64,565 -38%
CII
144
Capital International Inc
California
$29.5M +$10.6M +38,872 +59%
Luther King Capital Management (LKCM)
145
Luther King Capital Management (LKCM)
Texas
$29.4M -$457K -1,669 -2%
CS
146
Cannell & Spears
New York
$29.3M +$4.49M +16,413 +19%
Treasurer of the State of North Carolina
147
Treasurer of the State of North Carolina
North Carolina
$29.3M +$594K +2,171 +2%
Mitsubishi UFJ Trust & Banking
148
Mitsubishi UFJ Trust & Banking
Japan
$28.7M +$317K +1,157 +1%
Toronto Dominion Bank
149
Toronto Dominion Bank
Ontario, Canada
$28.4M +$6.25M +22,854 +29%
Mackenzie Financial
150
Mackenzie Financial
Ontario, Canada
$27.5M -$3.5M -12,793 -12%

APD Hedge Fund Activity: Q2 2025 in Review

1,747 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Air Products & Chemicals (APD) for Q2 2025, worth a combined $58.9B — down 2.5% from $60.4B a quarter earlier.

Sellers outnumbered buyers: 139 funds closed out of APD and 115 opened new positions — a net loss of 24 holders — while 711 trimmed existing stakes and 644 added.

The largest buyer was Viking Global Investors, opening a new position worth an estimated $589M. The largest seller was Capital Research Global Investors, cutting an estimated $575M.

  • 1,747 institutional investors held Air Products & Chemicals (APD) as of Q2 2025, down from 1,790 in Q1 2025.
  • Funds reported $58.9B of Air Products & Chemicals stock for Q2 2025, down 2.5% quarter-over-quarter.
  • 115 funds opened new Air Products & Chemicals positions in Q2 2025 and 139 closed out, a net change of -24 holders.
  • The largest Air Products & Chemicals buyer in Q2 2025 was Viking Global Investors, an estimated $589M added.
  • The largest Air Products & Chemicals seller in Q2 2025 was Capital Research Global Investors, an estimated $575M sold.

Based on aggregated 13F filings for Q2 2025.