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Air Products & Chemicals

1,790 hedge funds and large institutions have $60.4B invested in Air Products & Chemicals in 2025 Q1 according to their latest regulatory filings, with 137 funds opening new positions, 678 increasing their positions, 701 reducing their positions, and 122 closing their positions.

New
Increased
Maintained
Reduced
Closed

121% more call options, than puts

Call options by funds: $512M | Put options by funds: $232M

12% more first-time investments, than exits

New positions opened: 137 | Existing positions closed: 122

1.81% more ownership

Funds ownership: 90.39%92.19% (+1.8%)

2% more capital invested

Capital invested by funds: $59.5B → $60.4B (+$894M)

0% less funds holding

Funds holding: 1,7981,790 (-8)

3% less repeat investments, than reductions

Existing positions increased: 678 | Existing positions reduced: 701

10% less funds holding in top 10

Funds holding in top 10: 3128 (-3)

Holders
1,790
Holders Change
-8
Holders Change %
-0.44%
% of All Funds
24%
Holding in Top 10
28
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-9.68%
% of All Funds
0.38%
New
137
Increased
678
Reduced
701
Closed
122
Calls
$512M
Puts
$232M
Net Calls
+$280M
Net Calls Change
+$318M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$6.32B -$21.7M -70,231 -0.3%
BlackRock
2
BlackRock
New York
$5.11B -$324M -1,051,746 -6%
Capital Research Global Investors
3
Capital Research Global Investors
California
$4.01B +$87.4M +283,324 +2%
State Farm Mutual Automobile Insurance
4
State Farm Mutual Automobile Insurance
Illinois
$3.57B -$44.9M -145,457 -1%
State Street
5
State Street
Massachusetts
$2.73B -$161M -522,064 -5%
Dodge & Cox
6
Dodge & Cox
California
$2.58B +$647M +2,096,568 +31%
Capital International Investors
7
Capital International Investors
California
$1.82B +$1.44B +4,666,069 +310%
JP Morgan Chase
8
JP Morgan Chase
New York
$1.81B -$332M -1,076,211 -15%
Bank of America
9
Bank of America
North Carolina
$1.6B +$130K +423 +0%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$1.51B +$54.2M +175,633 +4%
Morgan Stanley
11
Morgan Stanley
New York
$1.23B +$104M +337,232 +9%
MRL
12
Mantle Ridge LP
New York
$1.21B
Northern Trust
13
Northern Trust
Illinois
$1.04B -$15.2M -49,146 -1%
Norges Bank
14
Norges Bank
Norway
$1.04B +$108M +350,331 +11%
Franklin Resources
15
Franklin Resources
California
$988M -$55.2M -178,964 -5%
Aristotle Capital Management
16
Aristotle Capital Management
California
$919M +$961M +3,117,663 New
Raymond James Financial
17
Raymond James Financial
Florida
$913M +$13.5M +43,695 +1%
UBS Group
18
UBS Group
Switzerland
$753M +$141M +458,235 +22%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$710M +$3.22M +10,450 +0.4%
Barrow, Hanley, Mewhinney & Strauss
20
Barrow, Hanley, Mewhinney & Strauss
Texas
$643M -$142M -459,596 -17%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$597M -$19.7M -63,766 -3%
Fidelity Investments
22
Fidelity Investments
Massachusetts
$567M -$121M -393,005 -17%
Wells Fargo
23
Wells Fargo
California
$541M -$13.1M -42,574 -2%
Principal Financial Group
24
Principal Financial Group
Iowa
$509M +$327M +1,059,970 +159%
Stifel Financial
25
Stifel Financial
Missouri
$477M -$5.2M -16,861 -1%

APD Hedge Fund Activity: Q1 2025 in Review

1,790 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Air Products & Chemicals (APD) for Q1 2025, worth a combined $60.4B — up 1.5% from $59.5B a quarter earlier.

Buyers outnumbered sellers: 137 funds opened new APD positions and 122 closed out — a net gain of 15 holders — while 678 added to existing stakes and 701 trimmed.

The largest buyer was Capital International Investors, adding an estimated $1.44B. The largest seller was JP Morgan Chase, cutting an estimated $332M.

  • 1,790 institutional investors held Air Products & Chemicals (APD) as of Q1 2025, down from 1,798 in Q4 2024.
  • Funds reported $60.4B of Air Products & Chemicals stock for Q1 2025, up 1.5% quarter-over-quarter.
  • 137 funds opened new Air Products & Chemicals positions in Q1 2025 and 122 closed out, a net change of +15 holders.
  • The largest Air Products & Chemicals buyer in Q1 2025 was Capital International Investors, an estimated $1.44B added.
  • The largest Air Products & Chemicals seller in Q1 2025 was JP Morgan Chase, an estimated $332M sold.

Based on aggregated 13F filings for Q1 2025.