KENVUE INC

Ticker: KVUE CUSIP: 49177J102 Class: Common Stock

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (143)

Sand Grove Capital Management LLP
Value ($000) $21,921 Shares 1,270,766
Melqart Asset Management (UK) Ltd
Value ($000) $43,274 Shares 2,508,632
Kintayl Capital LP
Value ($000) $6,085 Shares 352,734
CANYON CAPITAL ADVISORS LLC
Value ($000) $25,875 Shares 1,500,000
CIBRA Capital Ltd
Value ($000) $2,139 Shares 124,000
Twin Securities, Inc.
Value ($000) $6,996 Shares 405,583
ALPINE ASSOCIATES MANAGEMENT INC.
Value ($000) $37,236 Shares 2,158,626
Holowesko Partners Ltd.
Value ($000) $6,176 Shares 358,000
OAK FAMILY ADVISORS, LLC
Value ($000) $6,003 Shares 348,025
AQR Arbitrage LLC
Value ($000) $60,426 Shares 3,502,931
WATER ISLAND CAPITAL LLC
Value ($000) $11,906 Shares 690,191
Capricorn Fund Managers Ltd
Value ($000) $4,873 Shares 282,485
Empyrean Capital Partners, LP
Value ($000) $29,877 Shares 1,732,000
GABELLI & Co INVESTMENT ADVISERS, INC.
Value ($000) $7,227 Shares 418,950
ARMISTICE CAPITAL, LLC
Value ($000) $68,865 Shares 3,992,196
Magnetar Financial LLC
Value ($000) $90,802 Shares 5,263,903
Camelot Portfolios, LLC
Value ($000) $1,575 Shares 91,331
TIG Advisors, LLC
Value ($000) $16,672 Shares 966,502
CWC Advisors, LLC.
Value ($000) $1,675 Shares 97,080
KRYGER CAPITAL Ltd
Value ($000) $8,771 Shares 508,463

Increased Positions (347)

Mayar Capital Ltd.
Value ($000) $12,536 (+66.2%) Shares 726,716 (+56.4%)
NUANCE INVESTMENTS, LLC
Value ($000) $48,541 (+319.2%) Shares 2,813,985 (+294.4%)
Pentwater Capital Management LP
Value ($000) $978,430 (+186.0%) Shares 56,720,600 (+169.1%)
Sender Co & Partners, Inc.
Value ($000) $22,468 (+52.7%) Shares 1,302,471 (+43.7%)
Starboard Value LP
Value ($000) $471,057 (+38.7%) Shares 27,307,632 (+30.5%)
Athos Capital Ltd
Value ($000) $60 (+47.0%) Shares 3,457,749 (+38.3%)
Independent Franchise Partners LLP
Value ($000) $830,527 (+66.1%) Shares 48,146,476 (+56.3%)
Sculptor Capital LP
Value ($000) $222,289 (+1094.1%) Shares 12,886,328 (+1023.5%)
Kapitalo Investimentos Ltda
Value ($000) $34,500 (+32.9%) Shares 2,000,000 (+25.0%)
Compass Rose Asset Management, LP
Value ($000) $29,239 (+543.4%) Shares 1,695,000 (+505.4%)
Sio Capital Management, LLC
Value ($000) $25,279 (+84.5%) Shares 1,465,442 (+73.6%)
Kerrisdale Advisers, LLC
Value ($000) $5,931 (+122.5%) Shares 343,837 (+109.4%)
EQUITY INVESTMENT CORP
Value ($000) $117,651 (+40.4%) Shares 6,820,350 (+32.1%)
STANSBERRY ASSET MANAGEMENT, LLC
Value ($000) $14,939 (+329.9%) Shares 866,021 (+304.4%)
Capitolis Liquid Global Markets LLC
Value ($000) $188,905 (+1193.2%) Shares 10,950,999 (+1116.8%)
Quinn Opportunity Partners LLC
Value ($000) $26,007 (+1252.2%) Shares 1,507,627 (+1172.3%)
ING GROEP NV
Value ($000) $170,018 (+1400.6%) Shares 9,856,090 (+1311.9%)
MIZUHO MARKETS AMERICAS LLC
Value ($000) $244,155 (+8.7%) Shares 14,153,935 (+2.3%)
CIBC WORLD MARKETS CORP
Value ($000) $162,193 (+3108.2%) Shares 9,402,473 (+3792.6%)
Skye Global Management LP
Value ($000) $58,650 (+144.8%) Shares 3,400,000 (+130.4%)

Decreased Positions (369)

Sachem Head Capital Management LP
Value ($000) $57,098 (-88.5%) Shares 3,310,000 (-89.2%)
Petrus Trust Company, LTA
Value ($000) $10,348 (-65.5%) Shares 599,912 (-67.6%)
Renaissance Capital LLC
Value ($000) $14,088 (-11.5%) Shares 816,718 (-16.7%)
Third Point LLC
Value ($000) $56,063 (-61.6%) Shares 3,250,000 (-63.9%)
RNC CAPITAL MANAGEMENT LLC
Value ($000) $732 (-97.5%) Shares 42,423 (-97.7%)
Zuckerman Investment Group, LLC
Value ($000) $16,148 (-27.9%) Shares 936,091 (-32.2%)
SAYBROOK CAPITAL /NC
Value ($000) $6,670 (-14.3%) Shares 386,688 (-19.3%)
WOLFF WIESE MAGANA LLC
Value ($000) $73 (-94.4%) Shares 4,205 (-94.7%)
NOVARE CAPITAL MANAGEMENT LLC
Value ($000) $272 (-96.5%) Shares 15,770 (-96.7%)
DLK Investment Management, LLC
Value ($000) $1,772 (-35.8%) Shares 102,727 (-39.6%)
Alpha Omega Wealth Management LLC
Value ($000) $2,460 (-51.1%) Shares 142,619 (-53.9%)
EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC
Value ($000) $22 (+0.5%) Shares 1,297,059 (-5.5%)
KEMPNER CAPITAL MANAGEMENT INC.
Value ($000) $2,155 (-0.3%) Shares 125,211 (-6.0%)
Pullen Investment Management, LLC
Value ($000) $574 (-58.7%) Shares 33,298 (-61.2%)
Cullen Capital Management, LLC
Value ($000) $176 (-99.5%) Shares 10,213 (-99.6%)
Clarkston Capital Partners, LLC
Value ($000) $3,421 (-84.2%) Shares 198,340 (-85.1%)
Zimmer Partners, LP
Value ($000) $6,469 (-70.9%) Shares 375,000 (-72.6%)
VIKING FUND MANAGEMENT LLC
Value ($000) $8,625 (-12.2%) Shares 500,000 (-17.4%)
Kinloch Capital, LLC
Value ($000) $2,103 (-16.0%) Shares 121,888 (-21.0%)
BW Gestao de Investimentos Ltda.
Value ($000) $5,175 (-61.2%) Shares 300,000 (-63.4%)

Exited Positions (190)

TOMS Capital Investment Management LP
Value ($000) $282,402 Shares 17,400,000
MASON CAPITAL MANAGEMENT LLC
Value ($000) $42,117 Shares 2,595,000
Palliser Capital (UK) Ltd
Value ($000) $9,564 Shares 589,275
One68 Global Capital, LLC
Value ($000) $406 Shares 25,000
BCWM, LLC
Value ($000) $10,793 Shares 664,974
Forest Avenue Capital Management LP
Value ($000) $38,600 Shares 2,378,300
MAVERICK CAPITAL LTD
Value ($000) $195,453 Shares 12,042,708
Wills Financial Group LLC
Value ($000) $4,708 Shares 290,081
Arlington Partners LLC
Value ($000) $4,254 Shares 262,111
Allen Mooney & Barnes Investment Advisors LLC
Value ($000) $9,430 Shares 581,015
TWINBEECH CAPITAL LP
Value ($000) $31,925 Shares 1,967,031
PROSPECTOR PARTNERS LLC
Value ($000) $9,344 Shares 575,738
Troluce Capital Advisors LLC
Value ($000) $5,275 Shares 325,000
KLCM Advisors, Inc.
Value ($000) $8,723 Shares 537,435
MAPLELANE CAPITAL, LLC
Value ($000) $31,080 Shares 1,915,000
NICHOLAS COMPANY, INC.
Value ($000) $42,582 Shares 2,623,637
NORRIS PERNE & FRENCH LLP/MI
Value ($000) $8,631 Shares 531,799
Columbus Macro, LLC
Value ($000) $4,924 Shares 303,419
BARINGTON CAPITAL GROUP, L.P.
Value ($000) $812 Shares 50,000
Total Wealth Planning & Management, Inc.
Value ($000) $698 Shares 33,364