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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
Vanguard Group
1
Vanguard Group
Pennsylvania
$6.13B +$88.9M +324,885 +2%
BlackRock
2
BlackRock
New York
$4.94B +$57.1M +208,549 +1%
State Farm Mutual Automobile Insurance
3
State Farm Mutual Automobile Insurance
Illinois
$3.39B -$24.7M -90,321 -0.7%
Capital Research Global Investors
4
Capital Research Global Investors
California
$3.24B -$575M -2,102,002 -15%
State Street
5
State Street
Massachusetts
$2.67B +$49.3M +180,056 +2%
Dodge & Cox
6
Dodge & Cox
California
$2.49B +$16.9M +61,678 +0.7%
Capital International Investors
7
Capital International Investors
California
$2.33B +$572M +2,089,022 +34%
JP Morgan Chase
8
JP Morgan Chase
New York
$1.81B +$85M +310,799 +5%
Bank of America
9
Bank of America
North Carolina
$1.52B -$7.38M -26,974 -0.5%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$1.45B +$7.46M +27,256 +0.5%
MRL
11
Mantle Ridge LP
New York
$1.16B
Franklin Resources
12
Franklin Resources
California
$1.07B +$122M +444,855 +13%
Morgan Stanley
13
Morgan Stanley
New York
$1.05B -$122M -447,560 -11%
Norges Bank
14
Norges Bank
Norway
$1.02B +$26M +95,191 +3%
Northern Trust
15
Northern Trust
Illinois
$952M -$43.3M -158,410 -4%
Raymond James Financial
16
Raymond James Financial
Florida
$881M +$7.06M +25,790 +0.8%
Aristotle Capital Management
17
Aristotle Capital Management
California
$856M -$22.8M -83,338 -3%
UBS Group
18
UBS Group
Switzerland
$796M +$73.3M +267,873 +10%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$679M -$371K -1,355 -0.1%
Barrow, Hanley, Mewhinney & Strauss
20
Barrow, Hanley, Mewhinney & Strauss
Texas
$642M +$27.1M +99,159 +5%
Goldman Sachs
21
Goldman Sachs
New York
$637M +$229M +836,753 +59%
Viking Global Investors
22
Viking Global Investors
Connecticut
$608M +$589M +2,154,154 New
Principal Financial Group
23
Principal Financial Group
Iowa
$555M +$66.1M +241,695 +14%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$545M -$25.6M -93,493 -5%
Wells Fargo
25
Wells Fargo
California
$516M -$572K -2,091 -0.1%

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.