AMRZ 10-K & 10-Q changes, risk factors and insider trading
Amrize Ltd · NYSE · Cement, Hydraulic · CIK 2035989 · All filings on SEC.gov
At a glance
What changed in the latest 10-K
Comparison not available: Not available: fewer than two 10-K filings on EDGAR to compare (only one so far)..
What changed in the latest 10-Q
Risk Factors
There were no material changes to the risk factors disclosed in of our 2025 Form 10-K.
No wording changes found in this section.
Full comparison: every changed paragraph (0)
Management's Discussion & Analysis (MD&A)
New heading “Loss on Impairments”
New heading “Income from Equity Method Investments”
New heading “Net Income and Net Income Margin”
Removed heading “Selling, general and administrative expenses”
Largest changes
“Total Segment Adjusted EBITDA” is defined as Net income (loss), and excludes the impact of Depreciation, depletion, accretion and amortization, Interest expense, net, Income taxsee in full comparisonbenefit,expense (benefit), Acquisition and integration-related costs, Litigation-related costs, Loss on impairments, Restructuring and other costs, Spin-off and separation-related costs, Other non-operating (income) expense, net, Income from equity method investments, and unallocated corporate costs. “Adjusted EBITDA” is defined as Total Segment Adjusted EBITDA including unallocated corporate costs. “Adjusted EBITDA Margin” is defined as Adjusted EBITDA divided by revenues. “EBITDA” is defined as Net income (loss), excluding Depreciation, depletion, accretion and amortization, Interest expense, net, and Income taxbenefit.expense (benefit). “EBITDA Margin” is defined as EBITDA divided by revenues. “Free Cash Flow” is defined as net cash provided by (used in) operating activities plus proceeds from property and casualty insurance, proceeds from land expropriation, and proceeds from disposals of long-lived assets less purchases of property, plant and equipment. “Organic Growth” is a non-GAAP financial measure that excludes acquisitions and divestitures and the impact of fluctuations in foreign currency exchange rates. Management believes the organic revenue growth measure provides users with useful supplemental information regarding the Company’s ongoing revenue performance and trends by presenting revenue growth excluding the impact of foreign exchange as well as the impact of acquisitions and divestitures. “Constant Currency Price per Ton” is defined as price per ton adjusted to prior period foreign exchange rates, which is intended to eliminate the impact of foreign currency exchange rate fluctuations. Constant currency measures are calculated by translating local currency financial results into U.S. Dollars using the weighted-average exchange rates in effect during the comparable period. Management believes constant currency performance metrics provide useful supplemental information to investors by isolating underlying operational trends from foreign currency volatility.
“Loss on impairments primarily includes losses on the impairment of long-lived assets, specifically intangible assets, losses recognized on investments when changes in facts and circumstances indicate their carrying values may not be recoverable, as well as the losses identified as a part of the annual impairment review of all property, plant, and equipment.”see in full comparison
Full comparison: every changed paragraph (87)
We earn revenue from the sale of cement, aggregates, ready-mix concrete, asphalt, roofing systems, and other building solutions. We operate in two reportable segments, offering a complete range of advanced solutions to support large-scale and complex construction projectsprojects, fromsuch as bridges toand data centerscenters, in the areas of residential, commercial, and infrastructure construction. Our services span new construction as well as R&R, with R&R accounting for 43% of overall revenues in 2025.
•Our Building Envelope segment offers advanced roofing and wall systems, including single-ply membranes, insulation, shingles, sheathing, waterproofing and protective coatings, along with adhesives, tapes, and sealants that are critical to the application of roofing and wall systems.sealants. Our Building Envelope products are sold individually or in warrantied systems for new construction or R&R in commercial and residential projects. These products are sold either directly to contractors or through an authorized distributor or dealer network in North America.
Our Building Materials segment operating results for the first and fourth quarters are generally lower than those for the second and third quarters, which benefit from more favorable weatherweather, and increased construction activity. In addition to impacting demand, adverse weather can disrupt production schedules, shipments, and project timelines, affecting costs, efficiencies, and profitability. We manage these seasonal fluctuations through operational planning and flexible workforce management, but quarter-to-quarter results may not be indicative of full-year performance.
A summary of our performance highlights for the three and six months ended MarchJune 31,30, 2026 and 2025 is as follows:
•We completed no acquisitions in the three months ended June 30, 2026 and one in the three months ended June 30, 2025, for total cash consideration, net of cash acquired, of $69 million. We completed one acquisition in each of the threesix months ended MarchJune 31,30, 2026 and two in the six months ended June 30, 2025, for total cash consideration, net of cash acquired, of $425 million and $9$78 million, respectively; and
•We invested $272$244 million and $520 million in capital expenditure projects in the three and six months ended MarchJune 31,30, 2026, respectively, compared with $211$235 million and $448 million in the three and six months ended MarchJune 31,30, 2025.2025, respectively.
We operate in competitive markets with respect to each of our segments. Recent market conditions, such as trade policy uncertainty, energy market disruptions, geopolitical conflicts, fluctuations in interest rates, and construction market labor challenges may impact various markets in which we operate. While ourOur Building Envelope segment has been impacted by these market conditions,conditions. However, our Building Materials segment has remained resilient,resilient asby we have been able to leverageleveraging our scale, unique footprint, and diverse product offerings to customers. We expect the execution of our ASPIRE program to accelerate synergies and profitable growth, by investing in streamlining our network. Over the long term, we expect growth in demand due to urbanization, aging infrastructure, recent onshoring trends, population growth, and historical underinvestment in residential housing. As market conditions evolve, we believe that we are uniquely positioned to capitalize on these growth opportunities.
Emphasis on Building Envelope. Our strong presence in the Building Materials category has allowed us to acquire additional product lines, such as roofing and insulation products, in the Building Envelope segment. By acquiring Firestone Building Products (later renamed to Elevate Commercial Roofing Systems) in 2021, Herbert Malarkey Roofing Company (“Malarkey”) in 2022, and Duro-Last, LLC, Critical Point, LLC, Oscoda Plastics, LLC, Plastatech Engineering Limited, LLC, Anvil Paints & Coatings, LLC and Tip-Top Screw Manufacturing, LLC (collectively, “Duro-Last”) in 2023, we bolstered our roofing system offerings and positioned ourselves to meet growing demand for re-roofing and new builds. Our Building Envelope segment accounted for 31.1%30.0% and 36.1%30.4% of our revenues for the three and six months ended MarchJune 31,30, 20262026, compared to 29.8% and 32.2% for the three and six months ended June 30, 2025, respectively. We intend to continue building out our Building Envelope segment through expansions, acquisitions, and development of additional solutions and products, as we believe this will unlock long-term value creation. Such expansions and acquisitions depend on our ability to raise capital and seamlessly integrate new products into our current product mix.
Infrastructure Investment. Demand for our products is directly related to the level of activity in the construction industry, which includes residential, commercial and infrastructure construction. A recent focus on improving infrastructure in North America is being fueled by, among other things, funding from federal, state and local governments who are focused on addressing aging infrastructure across North America. We are leveraging our market position across North America and diverse product offerings to secure our involvement in airport, highway, bridgebridge, digital, and related infrastructure projects. Our ability to capitalize on this growing need for infrastructure-related projects across North America has the capability to increase our scope of operations and revenues.
Innovation. Through our research and development engine, we seek to drive cutting-edge innovation to address our customers’ greatest ambitions.needs. We believe we are at the forefront of new product developments, and our experts span all building fields, from masons and engineers to material scientists and experts in artificial intelligence and data mining. We conduct cutting-edge research and empower smart design while deploying new building technologies. We also partner with leading construction sector startups to scale up new technologies across our operations. Maintaining this level of innovation requires us to spend a substantial amount on research and development efforts, as well as on retaining and recruiting talent. Whether this spending results in increased revenue and more profitable operations will depend on our ability to introduce new products and improve our current product offerings. Although we will strive to introduce new products and to develop and market new construction techniques and technologies, our efforts may be unsuccessful or unprofitable resulting in impairments, which could negatively affect our results of operations and market positions.
Loss on Impairments
Loss on impairments primarily includes losses on the impairment of long-lived assets, specifically intangible assets, losses recognized on investments when changes in facts and circumstances indicate their carrying values may not be recoverable, as well as the losses identified as a part of the annual impairment review of all property, plant, and equipment.
Income Tax BenefitExpense
Income tax benefitexpense consists of federal, state, and local income taxes related to the tax jurisdictions in which we conduct business. Income tax provision consists of taxes currently payable and deferred amounts related to both Swiss and non-Swiss taxes on our income. The effective tax rate depends on a number of factors, including the jurisdiction in which operating profit is earned and the nature and timing of discrete items.
Income from Equity Method Investments
Income from equity method investments primarily includes the results of our share of income from our equity method investments.
Our financial results for the three and six months ended MarchJune 31,30, 2026 and 2025 were affected by softerhigher demandraw material and distribution costs within the Building Materials and Building Envelope segment.segments. These factors are outside of our control and may impact our operations in the future. The extent to which global economic challenges will ultimately impact our business, operations, financial condition, and results of operations will depend on numerous factors, which are highly uncertain, rapidly changing, and cannot be predicted.
(1)See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Non-GAAP Financial Measures” for definitions of these Non-GAAP financial measures, information about how and why we use these Non-GAAP financial measures, and a reconciliation of each of these Non-GAAP financial measures to its most directly comparable financial measure calculated in accordance with U.S. GAAP.
Three and Six Months Ended MarchJune 31,30, 2026 Compared to Three and Six Months Ended MarchJune 31,30, 2025
Revenues for the three months ended March 31, 2026 were $2,178 million, an increase of $97 million, or 4.7%, from $2,081 million for the three months ended March 31, 2025. The increase in our overall revenues was primarily driven by volume growth of $79 million and contributions from acquisitions of $24 million from our Building Materials segment. These factors were partially offset by lower market demand as well as lower prices of $24 million within our Building Envelope segment. Foreign exchange benefitted Amrize by $18 million for the quarter, as the Canadian dollar strengthened against the U.S. dollar. The proportion of revenues related to the Building Materials segment and Building Envelope segment was 68.9% and 31.1% for the three months ended March 31, 2026 and 63.9% and 36.1% for the three months ended March 31, 2025, respectively.
Cost of revenuesRevenues for the three months ended MarchJune 31,30, 2026 waswere $1,967$3,494 million, an increase of $108$276 million, or 5.8%,8.6%, from $1,859$3,218 million for the three months ended MarchJune 31,30, 2025. The increase wasin comprisedour overall revenues for the second quarter of an2026 increasewas primarily driven by volume growth of $138$200 millionmillion, contributions from theacquisitions Buildingof Materials$54 segmentmillion, price increases of $16 million, and athe decreasefavorable impact of $20foreign millionexchange fromof the$6 Building Envelope segment.million.
The Cost of revenues increase within Building Materials was less than Revenues growth versus the first quarter of the prior year, reflecting gross profit margin expansion from cost efficiencies. The decrease within Building Envelope was due to lower volumes, partially offset by increased warranty expense.
Cost of revenues as a percentage of Revenues was 90.3% and 89.3% for the three months ended March 31, 2026 and 2025, respectively. The increase in Cost of revenues as a percentage of Revenues relates in part to increased warranty accruals. The proportion of Cost of revenues related to the Building Materials segment and Building Envelope segment was 72.3% and 27.7% for the three months ended March 31, 2026 and 69.5% and 30.5% for the three months ended March 31, 2025, respectively.
Selling, general and administrative expenses
Selling, general and administrative expenses for the three months ended March 31, 2026 were $292 million, an increase of $53 million, or 22.2%, from $239 million for the three months ended March 31, 2025. In the first quarter of 2025, this activity was primarily developed on a “carve-out” basis from Holcim, while the current period activity reflects costs incurred to establish a stand-alone organization. The increase was primarily due to personnel costs for higher headcount and compensation, as well as professional services related to developing a stand-alone organization.
Gain on disposal of long-lived assets for the three months ended March 31, 2026 was $5 million, an increase of $4 million, from $1 million for the three months ended March 31, 2025.
Interest expense, netRevenues for the threesix months ended MarchJune 31,30, 2026 waswere $70$5,675 million, aan decreaseincrease of $48$368 million, or 40.7%,6.9%, from $118$5,307 million for the threesix months ended MarchJune 31,30, 2025. The decreaseincrease in interestour expense,overall netrevenues for the first six months of 2026 was primarily drivenattributable to volume growth of $278 million, contributions from acquisitions of $77 million, and the favorable impact of foreign exchange of $25 million. These factors were partially offset by alower decrease in related-party debt. Since the Spin-Off, the Company has operatedprices with aour lowerBuilding debtEnvelope profile.segment.
The proportion of revenues related to the Building Materials segment and Building Envelope segment was 70.0% and 30.0% for the three months ended June 30, 2026, respectively, and 70.2% and 29.8% for the three months ended June 30, 2025, respectively. The proportion of revenues related to the Building Materials segment and Building Envelope segment was 69.6% and 30.4% for the six months ended June 30, 2026, respectively, and 67.8% and 32.2% for the six months ended June 30, 2025, respectively.
Cost of revenues for the three months ended June 30, 2026 was $2,501 million, an increase of $224 million, or 9.8%, from $2,277 million for the three months ended June 30, 2025. The increase for the three months ended June 30, 2026 consisted primarily of an increase of $118 million from the Building Materials segment and an increase of $91 million from the Building Envelope segment.
Cost of revenues for the six months ended June 30, 2026 was $4,474 million, an increase of $345 million, or 8.4%, from $4,129 million, for the six months ended June 30, 2025. The increase for the six months ended June 30, 2026 was comprised primarily of an increase of $238 million from the Building Materials segment and an increase of $88 million from the Building Envelope segment.
Cost of revenues as a percentage of Revenues was 71.6% and 70.8% three months ended June 30, 2026 and 2025, respectively, and 78.8% and 77.8% for the six months ended June 30, 2026 and 2025, respectively.
The increase in Cost of revenues in both periods as a percentage of Revenues relates in part to higher raw material and distribution costs within both segments. Cost of revenues in our Building Envelope segment was also impacted by increased warranty accruals.
The proportion of Cost of revenues related to the Building Materials segment and Building Envelope segment was 68.4% and 31.6% for the three months ended June 30, 2026 and 69.6% and 30.4% for the three months ended June 30, 2025. The proportion of Cost of revenues related to the Building Materials segment and Building Envelope segment was 69.5% and 30.5% for the six months ended June 30, 2026 and 69.2% and 30.8% for the six months ended June 30, 2025.
In 2025, Selling, general and administrative expenses were primarily developed on a “carve-out” basis from Holcim, as well as Spin-off related costs. In 2026, this activity reflects the costs to operate a stand-alone organization.
Selling, general and administrative expenses for the three months ended June 30, 2026 were $283 million, a decrease of $3 million, or 1.0%, from $286 million for the three months ended June 30, 2025. The decrease for the three months ended June 30, 2026 was primarily due to lower third-party professional services.
Selling, general and administrative expenses for the six months ended June 30, 2026 were $568 million, an increase of $39 million, or 7.4%, from $529 million for the six months ended June 30, 2025. The increase for the six months ended June 30, 2026 primarily consists of organic growth from personnel expenses for higher corporate headcount and costs to operate on a stand-alone basis. PB Materials contributed to inorganic growth.
Gain on disposal of long-lived assets for the three and six months ended June 30, 2026 was $3 million and $8 million, respectively, compared to $4 million and $5 million for the three and six months ended June 30, 2025, respectively.
OtherLoss non-operatingon income, netimpairments for the three and six months ended MarchJune 31,30, 2026 and 2025 was $1 million.immaterial.
Interest expense, net for the three and six months ended June 30, 2026 was $89 million and $167 million, a decrease of $32 million and $72 million, respectively, or 26.4% and 30.1%, from $121 million and $239 million, for the three and six months ended June 30, 2025, respectively. The decrease in interest expense, net was primarily driven by a decrease in related-party debt. Since the Spin-Off, the Company has operated with a lower debt profile.
Other non-operating expense, net was immaterial for the presented periods.
Income tax benefitexpense for the three and six months ended MarchJune 31,30, 2026 was $27$146 million and $105 million, arespectively, decreasean increase of $19$24 million and $11 million, or 41.3%, from $46$122 million and $94 million, for the three and six months ended MarchJune 31,30, 2025.2025, respectively. The effective income tax raterates for the three and six months ended MarchJune 31,30, 2026 waswere 18.6%,23.5% and 22.2%, compared to 34.6%22.7% and 22.7% for the three and six months ended MarchJune 31,30, 2025. The 2026 effective income tax rate was primarily impacted by a discretean adjustment relatedof touncertain miscellaneoustax expenses that were not material to the quarter.positions. The 2025 effective income tax rate wasbenefited primarily impacted byfrom the OECD Pillar Two regulatory guidance released in January 2025, which resulted in a reduction in the OECD Pillar Two tax.
Income from equity method investments for the three and six months ended June 30, 2026 and 2025 was immaterial.
Net Income and Net Income Margin
Net income for the three months ended June 30, 2026 increased to $476 million from $416 million for the three months ended June 30, 2025. The increase was driven by the benefit from higher volumes, aggregates price increases, lower interest expense, lower corporate costs, and the contribution from acquisitions. These drivers were partially offset by higher operating costs, notably higher freight, diesel, and raw material costs within both segments, as well as higher depreciation, depletion, accretion and amortization expense. Net income margin was 13.6% for the three months ended June 30, 2026, compared to 12.9% for the three months ended June 30, 2025.
Net income for the six months ended June 30, 2026 increased to $369 million from $322 million for the six months ended June 30, 2025. Net income was favorably impacted by the benefit from higher volumes, aggregates price increases, lower interest expense, and the contribution from acquisitions. These items were offset by higher operating costs, higher depreciation, depletion, accretion and amortization expense, and lower prices. Net income margin was 6.5% for the six months ended June 30, 2026, compared to 6.1% for the six months ended June 30, 2025.
Adjusted EBITDA for the three months ended June 30, 2026 increased to $986 million from $932 million for the three months ended June 30, 2025. The increase was driven by the benefit from higher sales volumes, aggregates price increases, lower corporate costs, ASPIRE savings, $8 million of contributions from acquisitions, and $4 million for the impact of foreign exchange. These drivers were partially offset by higher operating costs, notably higher freight, diesel, and raw material costs within both segments. The prior period included a discrete adjustment for insurance proceeds. Adjusted EBITDA Margin was 28.2% for the three months ended June 30, 2026, compared to 29.0% for the three months ended June 30, 2025.
Adjusted EBITDA for the threesix months ended MarchJune 31,30, 2026 decreasedincreased to $192$1,178 million from $214$1,157 million for the threesix months ended MarchJune 31,30, 2025. Adjusted EBITDA Margin was 8.8%favorably forimpacted by the three months ended March 31, 2026, compared to 10.3% for the three months ended March 31, 2025. Adjusted EBITDA in the Building Materials segment increased $50 million, primarily driven by significant demand growthbenefit from ourhigher customers.sales Involumes, theaggregates Buildingprice Envelopeincreases, segment, Adjusted EBITDA decreased $46$11 million primarilyof duecontributions tofrom price decreasesacquisitions, and $6 million for the impact of lowerforeign volumes,exchange. asThese wellitems aswere mostly offset by higher operating costs relatedand tolower a temporary plant disruption.prices.
Adjusted EBITDA Margin was 20.8% for the six months ended June 30, 2026, compared to 21.8% for the six months ended June 30, 2025.
Increased corporate costs of $26 million in the first quarter of 2026 caused the remaining Adjusted EBITDA decrease as the organization operated on a standalone basis in the current period, as compared to a carve-out basis in the first quarter of 2025. Adjusted EBITDA and Adjusted EBITDA Margin performance was as follows:
(1)See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Non-GAAP Financial Measures” for definitions of these non-GAAP financial measures, information about how and why we use these non-GAAP financial measures, and a reconciliation of each of these non-GAAP financial measures to its most directly comparable financial measure calculated in accordance (2)Primarily higher corporate costs related to the development of a stand-alone organization.
Three and Six Months Ended MarchJune 31,30, 2026 Compared to Three and Six Months Ended MarchJune 31, 202530,
(1)Segment revenues for Building Materials are presented net of interproduct revenues between our Cement and Aggregates and other construction materials product lines of $101$151 million and $100$146 million for the three months ended MarchJune 31,30, 2026 and 2025, respectively, and $252 million and $246 million for the six months ended June 30, 2026 and 2025, respectively.
(2)See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Non-GAAP Financial Measures” for definitions of these non-GAAP financial measures, information about how and why we use these non-GAAP financial measures and a reconciliation of each of these non-GAAP financial measures to its most directly comparable financial measure calculated in accordance Buildingwith MaterialsU.S. segment revenues for the three months ended March 31, 2026 were $1,500 million, an increase of $171 million, or 12.9%, from $1,329 million for the three months ended March 31, 2025. The increase was primarily driven by significantly higher cement and aggregates customer demand, contributions from the acquisition of PB Materials, and favorable impacts of foreign currency.GAAP.
Building Materials segment revenues for the three and six months ended June 30, 2026 were $2,445 million and $3,948 million, an increase of $186 million and $348 million, or 8.2% and 9.7%, from $2,259 million and $3,600 million for the three and six months ended June 30, 2025, respectively. The increase for the three months ended June 30, 2026 was driven by volume growth of $101 million, contributions from acquisitions of $54 million, price increases of $25 million, and the favorable impact of foreign currency of $6 million. The increase for the six months ended June 30, 2026 was driven by volume growth of $225 million, contributions from acquisitions of $77 million, the favorable impact of foreign currency of $24 million, and price increases of $22 million.
Cement revenues for the three and six months ended MarchJune 31,30, 2026 were $837$1,293 million and $2,133 million, an increase of $96$107 million and $194 million, or 13.0%,9.0% and 10.0%, from $741$1,186 million and $1,939 million for the three months ended March 31, 2025. Aggregates and other construction materials revenues for the threesix months ended MarchJune 31,30, 20262025, were $764 million, an increase of $76 million, or 11.0%, from $688 million for the three months ended March 31, 2025.respectively.
Aggregates and other construction materials revenues for the three and six months ended June 30, 2026 were $1,303 million and $2,067 million, an increase of $84 million and $160 million, or 6.9% and 8.4%, from $1,219 million and $1,907 million for the three and six months ended June 30, 2025, respectively.
2 Constant Currency Price per Ton reflects price adjusted to prior period foreign exchange rates. Constant Currency Price per Ton represents a Non-GAAP measure, which is defined in Non-GAAP Financial Measures.
Building Materials Segment Adjusted EBITDA for the three months ended March 31, 2026 was $170 million, an increase of $50 million, or 41.7%, from $120 million for the three months ended March 31, 2025. The increase in Building Materials Segment Adjusted EBITDA was mainly attributable to significant demand growth from our customers due to new project starts and multi-year mega projects. Additionally, we experienced economies of scale from the significant volume growth resulting in margin expansion.
Building Envelope segment revenues for the three months ended March 31, 2026 were $678 million, a decrease of $74 million, or 9.8%, from $752 million for the three months ended March 31, 2025. The decrease was primarily driven by lower volumes, which reflects softer market demand, and lower pricing.
Building EnvelopeMaterials Segment Adjusted EBITDA for the for the three and six months ended MarchJune 31,30, 2026 was $78$793 million and $960 million, aan decreaseincrease of $46$39 million and $74 million, or 37.1%,5.2% and 8.4%, from $124$754 million and $886 million for the three and six months ended MarchJune 31,30, 2025.2025, respectively. The decreaseincrease in Buildingboth Envelope Segment Adjusted EBITDAperiods was mainly attributable to the benefit from volume growth, aggregates price decreasesincreases, contributions from acquisitions, and theASPIRE impactsavings, ofpartially loweroffset volumes, as well asby higher freight and diesel costs and insurance proceeds in the prior year related to inflationinsurable andevents ain temporary plant disruption.2024.
AMRZ insider buying and selling (Form 4)
Since 2026-04-11, insiders reported open-market purchases in 17 Form 4 filings (11 insiders, 13 trade dates, 114,414 shares, about $5.4M) and open-market sales in 0 filings. Net open-market shares: 114,414 (purchases minus sales); net value about $5.4M.Totals add up every open-market (code P and S) line in those filings, using the prices reported in the filings. Awards, option exercises, tax withholding and gifts are listed below but not counted.
| Trade date | Insider | Transaction | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-02 | Jenisch Jan Philipp |
Open-market purchase | 10,000 | $42.37 | $423.7K |
| 2026-09-02 | Jenisch Jan Philipp |
Open-market purchase | 1,000 | $42.44 | $42.4K |
| 2026-09-02 | Jenisch Jan Philipp |
Open-market purchase | 2,000 | $42.53 | $85.1K |
| 2026-09-02 | Jenisch Jan Philipp |
Open-market purchase | 2,000 | $42.47 | $84.9K |
| 2026-09-02 | Jenisch Jan Philipp |
Open-market purchase | 15,000 | $42.53 | $638.0K |
| 2026-08-27 | Gibson Dwight Audley Konrad |
Open-market purchase | 5 | $44.58 | $244 |
| 2026-08-26 | Sanche Jacques Wolf |
Open-market purchase | 4,150 | $45.02 | $186.8K |
| 2026-08-25 | Singleton Denise R |
Open-market purchase | 3,500 | $44.12 | $154.4K |
| 2026-08-25 | Forrest Nollaig |
Open-market purchase | 1,500 | $44.15 | $66.2K |
| 2026-08-17 | Poletti Samuel Jonas |
Open-market purchase | 2,510 | $46.92 | $117.8K |
| 2026-08-12 | Oran Baris |
Open-market purchase | 3,000 | $47.13 | $141.4K |
| 2026-08-11 | Clark Stephen S |
Open-market purchase | 5,260 | $47.31 | $248.9K |
| 2026-08-11 | Brouwer Roald |
Open-market purchase | 1,500 | $46.36 | $69.5K |
| 2026-08-11 | Gross Mario |
Open-market purchase | 3,200 | $46.62 | $149.2K |
| 2026-08-11 | Gross Mario |
Open-market purchase | 368 | $46.38 | $17.1K |
| 2026-08-11 | Hill Jaime |
Open-market purchase | 1,500 | $47.12 | $70.7K |
| 2026-08-11 | Oran Baris |
Open-market purchase | 3,000 | $47.38 | $142.1K |
| 2026-06-30 | Brouwer Roald |
Grant/award | 233 | $45.31 | $10.6K |
| 2026-05-22 | Forrest Nollaig |
Open-market purchase | 2,000 | $50.25 | $100.5K |
| 2026-05-21 | Brouwer Roald |
Open-market purchase | 1,500 | $49.84 | $74.8K |
| 2026-05-20 | Gross Mario |
Open-market purchase | 1,200 | $48.63 | $58.4K |
| 2026-05-19 | Gross Mario |
Open-market purchase | 1,800 | $49.47 | $89.0K |
| 2026-05-19 | Gross Mario |
Open-market purchase | 1,000 | $48.63 | $48.6K |
| 2026-05-19 | Jenisch Jan Philipp |
Open-market purchase | 3,001 | $49.63 | $148.9K |
| 2026-05-19 | Jenisch Jan Philipp |
Open-market purchase | 1,000 | $48.55 | $48.5K |
| 2026-05-19 | Jenisch Jan Philipp |
Open-market purchase | 1,640 | $48.69 | $79.9K |
| 2026-05-19 | Jenisch Jan Philipp |
Open-market purchase | 3,000 | $49.96 | $149.9K |
| 2026-05-19 | Jenisch Jan Philipp |
Open-market purchase | 7,000 | $49.69 | $347.8K |
| 2026-05-19 | Jenisch Jan Philipp |
Open-market purchase | 1,360 | $48.50 | $66.0K |
| 2026-05-19 | Jenisch Jan Philipp |
Open-market purchase | 2,000 | $48.72 | $97.4K |
| 2026-05-15 | Jenisch Jan Philipp |
Open-market purchase | 7,000 | $49.12 | $343.8K |
| 2026-05-15 | Jenisch Jan Philipp |
Open-market purchase | 13,417 | $49.69 | $666.7K |
| 2026-05-15 | Jenisch Jan Philipp |
Open-market purchase | 8,000 | $49.63 | $397.0K |
| 2026-05-05 | Clark Stephen S |
Open-market purchase | 2 | $52.75 | $113 |
| 2026-04-21 | Gangestad Nicholas C |
Shares withheld for tax | 740 | $57.12 | $42.3K |
| 2026-04-21 | Gangestad Nicholas C |
Grant/award | 2,976 | — | — |
| 2026-04-21 | Gibson Dwight Audley Konrad |
Shares withheld for tax | 740 | $57.12 | $42.3K |
| 2026-04-21 | Gibson Dwight Audley Konrad |
Grant/award | 2,976 | — | — |
| 2026-04-21 | Wilbur Maria Cristina Alapag |
Shares withheld for tax | 190 | $57.12 | $10.9K |
| 2026-04-21 | Wilbur Maria Cristina Alapag |
Grant/award | 2,976 | — | — |
| 2026-04-21 | Sanche Jacques Wolf |
Grant/award | 2,976 | — | — |
| 2026-04-21 | Rivkin Robert S. |
Shares withheld for tax | 740 | $57.12 | $42.3K |
| 2026-04-21 | Rivkin Robert S. |
Grant/award | 2,976 | — | — |
| 2026-04-21 | Roth Pellanda Katja Nicole |
Shares withheld for tax | 190 | $57.12 | $10.9K |
| 2026-04-21 | Roth Pellanda Katja Nicole |
Grant/award | 2,976 | — | — |
| 2026-04-21 | Oleas Jurg Amadeo |
Grant/award | 2,976 | — | — |
| 2026-04-21 | Oleas Jurg Amadeo |
Shares withheld for tax | 157 | $57.12 | $9.0K |
| 2026-04-21 | Newman Donald P |
Grant/award | 2,976 | — | — |
| 2026-04-21 | Mckelvy Michael E |
Grant/award | 2,976 | — | — |
| 2026-04-21 | Mckelvy Michael E |
Shares withheld for tax | 740 | $57.12 | $42.3K |
| 2026-04-21 | Ladhani Holli C. |
Shares withheld for tax | 740 | $57.12 | $42.3K |
| 2026-04-21 | Ladhani Holli C. |
Grant/award | 2,976 | — | — |
Well-known investors holding AMRZ (13F)
| Investor | Quarter | Shares | Reported value | % of their 13F | Change vs prior quarter |
|---|---|---|---|---|---|
| Harris Associates (Oakmark Funds) | 2026-06-30 | 13,990,945 | $745.7M | 0.99% | Added 23% |
| D1 Capital Partners (Dan Sundheim) | 2026-06-30 | 2,187,487 | $116.6M | 0.34% | New position |
| Renaissance Technologies | 2026-06-30 | 1,085,000 | $57.8M | 0.08% | Reduced 45% |
| Leon Cooperman | 2026-06-30 | 880,000 | $49.3M | — | Sold out |
| Leon Cooperman | 2026-06-30 | 880,000 | $46.9M | 1.32% | New position |
| Citadel Advisors (Ken Griffin) | 2026-06-30 | 650,788 | $34.7M | 0.02% | Reduced 4% |
| Two Sigma Investments | 2026-06-30 | 496,491 | $26.5M | 0.02% | Reduced 75% |
| Millennium Management (Israel Englander) | 2026-06-30 | 257,600 | $13.7M | 0.01% | Reduced 77% |
| Soros Fund Management | 2026-06-30 | 88,889 | $5.0M | — | Sold out |
| Gotham Asset Management (Joel Greenblatt) | 2026-06-30 | 62,827 | $3.5M | — | Sold out |
| AQR Capital Management (Cliff Asness) | 2026-06-30 | 16,859 | $897.5K | 0.0% | Added 96% |