BIGCOMMERCE HLDGS INC CMRC
COM SER 1 · Common Stock · CUSIP 08975P108 · ISIN US08975P1084
American publicly traded e-commerce software company
- SectorTechnology
- IndustryServices-Prepackaged Software
- HeadquartersAustin, TX
- Websitecommerce.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 ($447.9k this quarter). Holder counts are more reliable. Shares outstanding: 78.6m as of 2025-02-25, 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 ≈ $6.12. Options: 6 managers hold calls ($764.9k notional), 6 hold puts ($1.8m).
Trends to Q4 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 161 |
| Q4 2022 | 164 |
| Q1 2023 | 159 |
| Q2 2023 | 154 |
| Q3 2023 | 162 |
| Q4 2023 | 162 |
| Q1 2024 | 169 |
| Q2 2024 | 154 |
| Q3 2024 | 158 |
| Q4 2024 | 179 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 73 | 83 |
| Q2 2023 | 75 | 71 |
| Q3 2023 | 75 | 70 |
| Q4 2023 | 59 | 92 |
| Q1 2024 | 70 | 84 |
| Q2 2024 | 84 | 78 |
| Q3 2024 | 71 | 77 |
| Q4 2024 | 91 | 72 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $2.3m | $3.6m | 1.58 |
| Q2 2024 | $748.8k | $3.3m | 4.36 |
| Q3 2024 | $381.3k | $1.7m | 4.56 |
| Q4 2024 | $764.9k | $1.8m | 2.31 |
Biggest buyers
| Lynrock Lake LP | Added | +2.7m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.1m |
| Divisar Capital Management LLC | Added | +611.8k |
| RICE HALL JAMES & ASSOCIATES, LLC | New | +375.2k |
| G2 Investment Partners Management LLC | New | +311.3k |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +308.4k |
| MACKENZIE FINANCIAL CORP | New | +236.4k |
| Penserra Capital Management LLC | Added | +215.8k |
| D. E. Shaw & Co., Inc. | New | +209.4k |
| ExodusPoint Capital Management, LP | New | +180.0k |
Biggest sellers
| MORGAN STANLEY | Reduced | -3.3m |
| CADIAN CAPITAL MANAGEMENT, LP | Reduced | -2.3m |
| VANGUARD GROUP INC | Reduced | -1.4m |
| MARSHALL WACE, LLP | Reduced | -506.2k |
| Clearline Capital LP | Reduced | -428.7k |
| NORGES BANK | Sold out | -388.5k |
| CenterBook Partners LP | Reduced | -367.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -318.3k |
| FRANKLIN RESOURCES INC | Reduced | -288.5k |
| CITADEL ADVISORS LLC | Sold out | -206.7k |
Biggest calls
| GROUP ONE TRADING LLC | Added | $322.5k52.7k shares |
| CITADEL ADVISORS LLC | Reduced | $219.1k35.8k shares |
| JANE STREET GROUP, LLC | New | $156.1k25.5k shares |
| Walleye Trading LLC | Added | $64.3k10.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.0k500 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Crawford Fund Management, LLC | Reduced | $1.7m279.0k shares |
| CITADEL ADVISORS LLC | Added | $30.0k4.9k shares |
| GROUP ONE TRADING LLC | Added | $19.6k3.2k shares |
| SIMPLEX TRADING, LLC | Added | $7.0k1.2k shares |
| Walleye Trading LLC | Reduced | $4.9k800 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
| Lynrock Lake LP 13G · institution +1.1 pts · filed 2026-02-17 | 11.4% |
| Pale Fire Capital SE 13D · may seek influence +2.2 pts · filed 2026-09-09 | 8.7% |
| BlackRock, Inc. 13G · institution +1.3 pts · filed 2026-10-27 | 7.1% |
| BARCLAYS PLC 13G · institution new · filed 2026-02-11 | 5.9% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.8% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), Divisar Capital Management LLC (4.6%, 2026-02-17)
Insider purchases and sales in Q4 2024
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 |
|---|---|---|---|---|---|
| Q1 2023 | 0 | — | 8 | $6.0m | — |
| Q2 2023 | 0 | — | 8 | $2.8m | $180.3k |
| Q3 2023 | 0 | — | 2 | $3.3m | $209.6k |
| Q4 2023 | 0 | — | 1 | $2.6m | — |
| Q1 2024 | 0 | — | 3 | $100.7k | — |
| Q2 2024 | 0 | — | 3 | $395.3k | — |
| Q3 2024 | 0 | — | 1 | $1.6m | — |
| Q4 2024 | 0 | — | 0 | — | — |
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 7.8m $47.5m | Reduced -1.4m |
| BlackRock, Inc. 0.00% of their portfolio | 5.5m $33.6m | Added +15.7k |
| Lynrock Lake LP 2.19% of their portfolio | 5.2m $31.8m | Added +2.7m |
| WASATCH ADVISORS LP 0.06% of their portfolio | 2.1m $12.7m | Reduced -156.2k |
| Divisar Capital Management LLC 2.49% of their portfolio | 1.9m $11.5m | Added +611.8k |
| Potrero Capital Research LLC 4.45% of their portfolio | 1.7m $10.5m | Unchanged |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 1.6m $10.1m | Reduced -288.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.6m $9.8m | Reduced -692 |
| STATE STREET CORP 0.00% of their portfolio | 1.6m $9.6m | Added +42.1k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 1.5m $9.3m | Reduced -14.5k |
| CADIAN CAPITAL MANAGEMENT, LP 0.52% of their portfolio | 1.5m $9.0m | Reduced -2.3m |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.3m $7.7m | Added +42.9k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.2m $7.6m | Added +1.1m |
| General Catalyst Group Management, LLC 0.64% of their portfolio | 1.2m $7.3m | Unchanged |
| Clearline Capital LP 0.96% of their portfolio | 1.2m $7.2m | Reduced -428.7k |
| CenterBook Partners LP 0.42% of their portfolio | 1.1m $7.0m | Reduced -367.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 990.3k $6.1m | Added +14.8k |
| 272 Capital LP 5.22% of their portfolio | 901.8k $5.5m | Reduced -158.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 880.0k $5.4m | Added +55.4k |
| Penserra Capital Management LLC 0.09% of their portfolio | 792.3k $4.8m | Added +215.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio | 761.6k $4.7m | Reduced -318.3k |
| MORGAN STANLEY 0.00% of their portfolio | 710.9k $4.4m | Reduced -3.3m |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 696.1k $4.3m | Added +308.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 662.9k $4.1m | Added +51.4k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 642.5k $3.9m | Reduced -149.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 561.0k $3.4m | Added +9.4k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.10% of their portfolio | 554.0k $3.4m | Reduced -91.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 505.0k $3.1m | Added +146.3k |
| NEEDHAM INVESTMENT MANAGEMENT LLC 0.24% of their portfolio | 500.0k $3.1m | Added +100.0k |
| HERALD INVESTMENT MANAGEMENT Ltd 0.50% of their portfolio | 500.0k $3.1m | Added +150.0k |
| Sovereign's Capital Management, LLC 1.65% of their portfolio | 422.6k $2.6m | First filing |
| Trexquant Investment LP 0.03% of their portfolio | 378.8k $2.3m | Added +139.1k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.13% of their portfolio | 375.2k $2.3m | New |
| Sapience Investments, LLC 1.33% of their portfolio | 373.2k $2.3m | Reduced -61.1k |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 368.9k $2.3m | Reduced -1.4k |
| MONIMUS CAPITAL MANAGEMENT, LP 1.83% of their portfolio | 316.7k $1.9m | First filing |
| G2 Investment Partners Management LLC 0.49% of their portfolio | 311.3k $1.9m | New |
| Nishkama Capital, LLC 0.30% of their portfolio | 300.0k $1.8m | Reduced -68.1k |
| ALGERT GLOBAL LLC 0.04% of their portfolio | 297.2k $1.8m | Reduced -151.8k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 285.3k $1.7m | Reduced -48.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 276.3k $1.7m | Reduced -54.4k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 236.4k $1.4m | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 209.4k $1.3m | New |
| Engineers Gate Manager LP 0.02% of their portfolio | 203.3k $1.2m | Added +146.2k |
| UBS Group AG 0.00% of their portfolio | 197.2k $1.2m | Added +112.6k |
| HRT FINANCIAL LP 0.01% of their portfolio | 181.5k $1.1m | Added +38.0k |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 180.0k $1.1m | New |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 166.3k $1.0m | New |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 155.9k $954.3k | Unchanged |
| KIM, LLC 0.13% of their portfolio | 153.8k $941.1k | Unchanged |
| GGV Capital LLC 0.80% of their portfolio | 149.7k $916.3k | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 142.8k $874.0k | Reduced -63.5k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.01% of their portfolio | 139.6k $854.3k | First filing |
| Swiss National Bank 0.00% of their portfolio | 128.1k $784.0k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 127.7k $781.7k | Added +11.1k |
| XTX Topco Ltd 0.06% of their portfolio | 120.0k $734.5k | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 111.1k $679.6k | Added +18.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 109.9k $672.7k | New |
| Graham Capital Management, L.P. 0.02% of their portfolio | 98.1k $600.4k | Added +87.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 97.9k $599.2k | Reduced -524 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 92.3k $565.0k | Reduced -5.7k |
| Man Group plc 0.00% of their portfolio | 92.0k $563.3k | Added +64.4k |
| EntryPoint Capital, LLC 0.23% of their portfolio | 87.8k $537.2k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 86.9k $531.8k | Reduced -26.4k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.01% of their portfolio | 85.5k $523.3k | Unchanged |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 84.8k $518.0k | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 77.9k $477.0k | Added +17.8k |
| Corient Private Wealth LP 0.00% of their portfolio | 77.8k $476.0k | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 74.8k $457.7k | Unchanged |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 72.3k $442.6k | Added +6.0k |
| TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio | 67.7k $414.5k | Reduced -117.2k |
| Nebula Research & Development LLC 0.05% of their portfolio | 67.1k $410.6k | Reduced -20.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 65.7k $401.8k | Reduced -15.8k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 64.9k $397.2k | Reduced -10.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 62.1k $380.0k | Reduced -357 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 61.4k $375.8k | Added +8.4k |
| CITIGROUP INC 0.00% of their portfolio | 60.5k $370.2k | Added +9.6k |
| PDT Partners, LLC 0.03% of their portfolio | 53.6k $328.3k | New |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 53.5k $327.4k | New |
| FORMULA GROWTH LTD 0.10% of their portfolio | 50.0k $306.0k | New |
| S SQUARED TECHNOLOGY, LLC 0.13% of their portfolio | 50.0k $306.0k | New |
| LPL Financial LLC 0.00% of their portfolio | 44.5k $272.1k | Added +4.9k |
| SHERBROOKE PARK ADVISERS LLC 0.08% of their portfolio | 43.2k $264.7k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 43.0k $263.1k | Added +3.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 40.7k $249.1k | Added +12.5k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 37.6k $230.3k | Added +25.3k |
| Corebridge Financial, Inc. 0.00% of their portfolio | 35.5k $217.2k | Reduced -2.2k |
| SG Americas Securities, LLC 0.00% of their portfolio | 35.4k $217.0k | Added +17.4k |
| GSA CAPITAL PARTNERS LLP 0.02% of their portfolio | 35.4k $216.0k | New |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 29.4k $179.9k | Added +10.2k |
| Aquatic Capital Management LLC 0.00% of their portfolio | 26.5k $162.4k | Added +24.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 26.2k $160.3k | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 25.9k $158.4k | Reduced -776 |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 24.5k $150.2k | Added +4.8k |
| Campbell & CO Investment Adviser LLC 0.01% of their portfolio | 23.7k $145.2k | Added +3.6k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 23.7k $144.9k | Added +11.0k |
| Invesco Ltd. 0.00% of their portfolio | 23.1k $141.1k | Added +519 |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 22.4k $137.2k | Reduced -1.7k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 22.0k $134.6k | Unchanged |
| Olympiad Research LP 0.13% of their portfolio | 20.6k $126.0k | Unchanged |