AVIAT NETWORKS INC AVNW
COM NEW · Common Stock · CUSIP 05366Y201
Telecommunications company
- SectorTechnology
- IndustryRadio & Tv Broadcasting & Communications Equipment
- HeadquartersAustin, TX
- Websiteaviatnetworks.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($48.5k this quarter). Holder counts are more reliable. Shares outstanding: 12.9m as of 2026-04-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $22.61. Options: 6 managers hold calls ($4.6m notional), 1 hold puts ($483.9k).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 119 |
| Q4 2022 | 120 |
| Q1 2023 | 118 |
| Q2 2023 | 114 |
| Q3 2023 | 123 |
| Q4 2023 | 129 |
| Q1 2024 | 108 |
| Q2 2024 | 119 |
| Q3 2024 | 116 |
| Q4 2024 | 120 |
| Q1 2025 | 119 |
| Q2 2025 | 130 |
| Q3 2025 | 123 |
| Q4 2025 | 132 |
| Q1 2026 | 137 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 63 | 44 |
| Q3 2024 | 63 | 49 |
| Q4 2024 | 65 | 57 |
| Q1 2025 | 49 | 57 |
| Q2 2025 | 52 | 53 |
| Q3 2025 | 59 | 53 |
| Q4 2025 | 52 | 60 |
| Q1 2026 | 59 | 54 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $2.3m | $4.0k | 0.00 |
| Q3 2025 | $2.7m | $22.1k | 0.01 |
| Q4 2025 | $1.8m | $57.7k | 0.03 |
| Q1 2026 | $4.6m | $483.9k | 0.10 |
Biggest buyers
| SEI INVESTMENTS CO | Added | +237.8k |
| CSM Advisors, LLC | New | +143.0k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +96.0k |
| Inspire Investing, LLC | New | +64.8k |
| CITADEL ADVISORS LLC | Added | +61.7k |
| MARSHALL WACE, LLP | Added | +39.8k |
| Fisher Asset Management, LLC | Added | +38.5k |
| TWO SIGMA INVESTMENTS, LP | New | +36.0k |
| Manatuck Hill Partners, LLC | Added | +35.0k |
| Dynamic Technology Lab Private Ltd | New | +28.9k |
Biggest sellers
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Reduced | -142.8k |
| Western Standard LLC | Reduced | -78.5k |
| First Eagle Investment Management, LLC | Reduced | -77.0k |
| BOOTHBAY FUND MANAGEMENT, LLC | Sold out | -53.8k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | Sold out | -49.5k |
| PARADIGM CAPITAL MANAGEMENT INC/NY | Sold out | -47.1k |
| Ancora Advisors LLC | Reduced | -45.1k |
| Squarepoint Ops LLC | Sold out | -45.0k |
| AMERIPRISE FINANCIAL INC | Reduced | -35.4k |
| MORGAN STANLEY | Reduced | -30.9k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $1.8m80.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.5m66.7k shares |
| JANE STREET GROUP, LLC | Added | $1.1m48.0k shares |
| IMC-Chicago, LLC | New | $212.5k9.4k shares |
| GROUP ONE TRADING LLC | Reduced | $13.6k600 shares |
| SIMPLEX TRADING, LLC | Reduced | $2.3k100 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $483.9k21.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Tieton Capital Management, LLC 13G · institution new · filed 2025-02-11 | 5.1% |
Fell to 5% or below in the last year: ROYCE & ASSOCIATES LP (4.6%, 2026-10-13), VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales in Q1 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2024 | 2 | $35.5k | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 4 | $125.6k | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $136.9k | — |
| Q3 2025 | 0 | — | 2 | $296.9k | $145.8k |
| Q4 2025 | 0 | — | 2 | $201.6k | — |
| Q1 2026 | 0 | — | 2 | $631.0k | $449.9k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-02-09 | SMITH PETE A President and CEO | Sold plan | $449.9k17.1k shares |
| 2026-02-06 | Croke Gary SVP of Product and Innovation | Sold | $181.1k6.9k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 782.9k $17.7m | Added +12.5k |
| Tieton Capital Management, LLC 5.18% of their portfolio | 684.3k $15.5m | Added +22.8k |
| ROYCE & ASSOCIATES LP 0.15% of their portfolio | 660.7k $14.9m | Added +12.5k |
| FIRST WILSHIRE SECURITIES MANAGEMENT INC 2.70% of their portfolio | 529.5k $12.0m | Added +5.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 501.0k $11.3m | First filing |
| KENNEDY CAPITAL MANAGEMENT LLC 0.21% of their portfolio | 438.5k $9.9m | Added +10.1k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 432.5k $9.8m | Added +25.4k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 432.3k $9.8m | Added +237.8k |
| Western Standard LLC 4.94% of their portfolio | 415.8k $9.4m | Reduced -78.5k |
| Pacific Ridge Capital Partners, LLC 1.88% of their portfolio | 383.2k $8.7m | Added +12.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 293.9k $6.6m | Added +11.4k |
| First Eagle Investment Management, LLC 0.01% of their portfolio | 291.2k $6.6m | Reduced -77.0k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 266.4k $6.0m | Added +39.8k |
| STATE STREET CORP 0.00% of their portfolio | 259.2k $5.9m | Added +12.3k |
| Hodges Capital Management Inc. 0.42% of their portfolio | 222.5k $5.0m | Reduced -12.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 193.0k $4.4m | Added +5.3k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 188.6k $4.3m | Reduced -13.3k |
| AWM Investment Company, Inc. 0.41% of their portfolio | 165.7k $3.7m | Unchanged |
| HERALD INVESTMENT MANAGEMENT Ltd 0.49% of their portfolio | 155.0k $3.5m | Unchanged |
| CSM Advisors, LLC 0.08% of their portfolio | 143.0k $3.2m | New |
| WEBER CAPITAL MANAGEMENT LLC /ADV 3.23% of their portfolio | 142.9k $3.2m | Reduced -2.0k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 139.5k $3.2m | Reduced -142.8k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 132.0k $3.0m | Reduced -13.7k |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 127.9k $2.9m | Added +4.0k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 126.5k $2.9m | Reduced -2.7k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 121.7k $2.7m | Added +96.0k |
| Aristides Capital LLC 0.86% of their portfolio | 114.7k $2.6m | Added +10.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 104.3k $2.4m | First filing |
| CROWN ADVISORS MANAGEMENT, INC. 1.50% of their portfolio | 100.0k $2.3m | Not comparable |
| NORTHERN TRUST CORP 0.00% of their portfolio | 93.2k $2.1m | Added +5.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 92.4k $2.1m | Added +61.7k |
| MORGAN STANLEY 0.00% of their portfolio | 80.6k $1.8m | Reduced -30.9k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 78.1k $1.8m | First filing |
| Manatuck Hill Partners, LLC 0.56% of their portfolio | 75.8k $1.7m | Added +35.0k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 71.7k $1.6m | Reduced -9.9k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 70.2k $1.6m | Added +38.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 68.8k $1.6m | Reduced -4.4k |
| Inspire Investing, LLC 0.09% of their portfolio | 64.8k $1.5m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 62.4k $1.4m | Added +19.1k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 61.5k $1.4m | Reduced -22.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 46.6k $1.1m | Reduced -924 |
| UBS Group AG 0.00% of their portfolio | 44.8k $1.0m | Reduced -3.1k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 43.4k $980.4k | Reduced -93 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 42.3k $956.4k | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 38.0k $859.5k | Reduced -35.4k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 36.0k $814.2k | New |
| TECTONIC ADVISORS LLC 0.04% of their portfolio | 35.1k $793.0k | Reduced -13.0k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 33.7k $761.0k | First filing |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 33.6k $759.8k | Added +5 |
| CM Management, LLC 0.57% of their portfolio | 30.0k $678.3k | Added +10.0k |
| Dynamic Technology Lab Private Ltd 0.11% of their portfolio | 28.9k $652.7k | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 27.3k $617.4k | Added +7.1k |
| North Star Investment Management Corp. 0.04% of their portfolio | 27.0k $610.5k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 25.5k $577.0k | Added +4.4k |
| Invesco Ltd. 0.00% of their portfolio | 24.4k $551.7k | Reduced -4.3k |
| Nuveen, LLC 0.00% of their portfolio | 22.9k $518.6k | Added +122 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 22.7k $511.3k | Added +4.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 20.6k $466.9k | Reduced -1.4k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 20.1k $453.4k | New |
| Quantinno Capital Management LP 0.00% of their portfolio | 20.0k $453.1k | Added +4.4k |
| HERITAGE INVESTORS MANAGEMENT CORP 0.01% of their portfolio | 18.6k $422.0k | Unchanged |
| KIRR MARBACH & CO LLC /IN/ 0.08% of their portfolio | 18.6k $420.5k | Unchanged |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 15.9k $359.2k | Added +300 |
| FMR LLC 0.00% of their portfolio | 15.5k $350.7k | Added +5.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 14.8k $334.6k | Reduced -715 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 14.6k $312.6k | Reduced -949 |
| LANARK FINANCIAL, INC. 0.02% of their portfolio | 13.0k $293.9k | Unchanged |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 12.4k $279.6k | Reduced -2.1k |
| WINTON GROUP Ltd 0.01% of their portfolio | 11.4k $256.8k | Added +1.1k |
| EntryPoint Capital, LLC 0.07% of their portfolio | 10.4k $234.6k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 9.3k $209.7k | Added +2.0k |
| State of Wyoming 0.02% of their portfolio | 9.1k $206.6k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 7.7k $174.5k | Reduced -590 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 6.8k $153.3k | Added +1.1k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 6.0k $135.8k | Unchanged |
| Quent Capital, LLC 0.01% of their portfolio | 6.0k $135.7k | Added +3.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 5.7k $128.1k | Reduced -8.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 5.5k $124.4k | Added +136 |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 5.4k $122.4k | Reduced -15 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 4.3k $97.1k | Unchanged |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 2.9k $64.9k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 2.6k $58.7k | Reduced -15.5k |
| Ancora Advisors LLC 0.00% of their portfolio | 2.5k $56.5k | Reduced -45.1k |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 2.3k $53.0k | New |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 2.2k $48.8k | Added +1.7k |
| Potomac Capital Management, Inc. 0.04% of their portfolio | 2.0k $45.2k | Unchanged |
| Advisory Services Network, LLC 0.00% of their portfolio | 1.7k $38.2k | New |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 1.1k $24.7k | Unchanged |
| GAMMA Investing LLC 0.00% of their portfolio | 1.1k $24.6k | Reduced -83 |
| Legal & General Group Plc 0.00% of their portfolio | 1.1k $24.6k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 1.0k $23.2k | Added +15 |
| CWM, LLC 0.00% of their portfolio | 863 $19.5k | Reduced -12 |
| CITIGROUP INC 0.00% of their portfolio | 848 $19.2k | Added +191 |
| Truvestments Capital LLC 0.00% of their portfolio | 844 $19.1k | Reduced -766 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 800 $17.0k | Reduced -198 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 627 $14.2k | Reduced -85 |
| Versant Capital Management, Inc 0.00% of their portfolio | 582 $13.2k | Unchanged |
| WealthCollab, LLC 0.01% of their portfolio | 576 $13.0k | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 449 $10.2k | Added +399 |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 410 $9.3k | Added +1 |