ELI LILLY & CO

The passive core follows standard patterns. BlackRock ($61.2 billion), Vanguard Capital Management ($49.1 billion), State Street ($32.8 billion), FMR/Fidelity ($24.2 billion), and Geode ($18.5 billion) form the typical passive-majority top tier. Vanguard Portfolio Management added LLY as a new position this quarter, indicating that an ETF or sleeve rebalance pulled the name into a vehicle that previously did not hold it.

The more informative register read is in the active-manager tier. Capital Research Global Investors extended its position slightly—shares up modestly, signaling an active upgrade. FMR/Fidelity added roughly $613 million in notional value. JPMorgan grew its stake by about $1.8 billion, and Wellington Management added roughly $2.0 billion. These four names are healthcare-oriented or balanced-growth allocators with fundamental research infrastructure dedicated to pharmaceutical and biotech sector analysis; their collective behavior carries more weight than a generic large-cap active manager's LLY position.