BRAINSWAY LTD BWAY
SPONSORED ADS · ADR · CUSIP 10501L106
Medical technology company
- SectorHealth care
- IndustrySurgical & Medical Instruments & Apparatus
- HeadquartersJerusalem, Israel
- Founded2003
- Websitebrainsway.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. Holder counts are more reliable. Implied quarter-end price ≈ $15.51. Options: 2 managers hold calls ($186.1k notional), 0 hold puts (—).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 17 |
| Q4 2022 | 17 |
| Q1 2023 | 16 |
| Q2 2023 | 17 |
| Q3 2023 | 16 |
| Q4 2023 | 28 |
| Q1 2024 | 31 |
| Q2 2024 | 28 |
| Q3 2024 | 33 |
| Q4 2024 | 40 |
| Q1 2025 | 43 |
| Q2 2025 | 43 |
| Q3 2025 | 44 |
| Q4 2025 | 43 |
| Q1 2026 | 56 |
| Q2 2026 | 56 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 21 | 7 |
| Q4 2024 | 21 | 18 |
| Q1 2025 | 20 | 18 |
| Q2 2025 | 16 | 24 |
| Q3 2025 | 27 | 15 |
| Q4 2025 | 22 | 21 |
| Q1 2026 | 37 | 21 |
| Q2 2026 | 23 | 27 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $637.3k | $0 | 0.00 |
| Q4 2025 | $298.6k | $0 | 0.00 |
| Q1 2026 | $0 | $0 | — |
| Q2 2026 | $186.1k | $0 | 0.00 |
Biggest buyers
| MORGAN STANLEY | Added | +84.6k |
| Tidal Investments LLC | Added | +74.2k |
| JPMORGAN CHASE & CO | Added | +49.8k |
| Cambridge Investment Research Advisors, Inc. | Added | +42.8k |
| State of Wyoming | New | +38.7k |
| Sigma Planning Corp | Added | +30.1k |
| Voleon Capital Management LP | New | +24.8k |
| UBS Group AG | Added | +18.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +16.5k |
| NewEdge Advisors, LLC | Added | +15.3k |
Biggest sellers
| MASTERS CAPITAL MANAGEMENT LLC | Reduced | -150.0k |
| SEI INVESTMENTS CO | Reduced | -106.7k |
| JANE STREET GROUP, LLC | Sold out | -58.0k |
| ARK Investment Management LLC | Reduced | -51.2k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -42.5k |
| Trexquant Investment LP | Reduced | -40.3k |
| CITADEL ADVISORS LLC | Reduced | -39.5k |
| Y.D. More Investments Ltd | Reduced | -34.6k |
| Walleye Capital LLC | Sold out | -32.6k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -28.6k |
Biggest calls
| CITADEL ADVISORS LLC | New | $170.6k11.0k shares |
| SIMPLEX TRADING, LLC | New | $15.5k1.0k shares |
Biggest puts
| None |
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 |
|---|---|
Valor BrainsWay Holdings, LLC
13D · may seek influence
-4.0 pts · filed 2025-10-08
Stated purposeItem 4 of the Original Schedule 13D is hereby supplemented as follows: On October 6, 2025, Valor BrainsWay delivered to the Issuer a notice of exercise in which it exercised in full the Warrant to Purchase American Depositary Shares issued to Valor BrainsWay on November 5, 2024 (as subsequently amended, the "Warrant") that entitled Valor BrainsWay to purchase up to 1,500,000 American Depository Shares ("ADSs"), representing up to 3,000,000 Ordinary Shares, at an exercise price of US$9.50686 per ADS. Valor BrainsWay was permitted to exercise the Warrant on a cashless exercise basis, which based on the closing price of the ADS on September 30, 2025 will result in Valor BrainsWay being issued a total of 553,730 ADSs upon settlement of the exercise. Full filing |
15.0% |
| Harel Insurance Investments & Financial Services Ltd. 13G · passive investor +1.5 pts · filed 2026-07-29 | 8.3% |
| MEITAV INVESTMENT HOUSE LTD 13G · passive investor +1.1 pts · filed 2026-06-03 | 6.3% |
Fell to 5% or below in the last year: MASTERS CAPITAL MANAGEMENT LLC (3.8%, 2026-05-13)
Insider purchases and sales since 1 Apr 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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 3 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-15 | Moiseyev Gilad Chief Technology Officer | Sold | —5.0k shares |
| 2026-06-02 | Roth Yiftach Chief Scientist | Sold | —3.0k shares |
| 2026-06-01 | Roth Yiftach Chief Scientist | Sold | —4.0k shares |
| 2026-05-26 | Mitrany Rayten Michal Ety Director | Sold | —8.0k shares |
| 2026-05-25 | Mitrany Rayten Michal Ety Director | Sold | —10.0k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Valor Management LLC 0.10% of their portfolio | 5.3m $82.4m | Unchanged |
| MASTERS CAPITAL MANAGEMENT LLC 3.27% of their portfolio | 1.5m $23.3m | Reduced -150.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 807.9k $12.5m | Reduced -10.3k |
| ESSEX INVESTMENT MANAGEMENT CO LLC 1.20% of their portfolio | 592.6k $9.2m | Reduced -25.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 475.9k $7.4m | Reduced -42.5k |
| Cresset Asset Management, LLC 0.02% of their portfolio | 314.9k $4.9m | Unchanged |
| Y.D. More Investments Ltd 0.11% of their portfolio | 237.4k $3.7m | Reduced -34.6k |
| Legato Capital Management LLC 0.25% of their portfolio | 197.6k $3.1m | Added +5.5k |
| MORGAN STANLEY 0.00% of their portfolio | 189.0k $2.9m | Added +84.6k |
| EAGLE GLOBAL ADVISORS LLC 0.09% of their portfolio | 182.6k $2.8m | Added +10.0k |
| ARK Investment Management LLC 0.01% of their portfolio | 142.5k $2.2m | Reduced -51.2k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 119.7k $1.9m | Reduced -106.7k |
| UBS Group AG 0.00% of their portfolio | 101.1k $1.6m | Added +18.9k |
| Sigma Planning Corp 0.04% of their portfolio | 100.4k $1.6m | Added +30.1k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 99.5k $1.5m | Reduced -28.6k |
| ROYCE & ASSOCIATES LP 0.01% of their portfolio | 97.0k $1.5m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 96.8k $1.5m | Added +49.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 92.1k $1.4m | Reduced -15.6k |
| Tidal Investments LLC 0.00% of their portfolio | 89.2k $1.4m | Added +74.2k |
| Huntleigh Advisors, Inc. 0.19% of their portfolio | 87.3k $1.4m | Added +5.8k |
| Quadrature Capital Ltd 0.01% of their portfolio | 63.1k $978.6k | Reduced -13.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 55.6k $862.8k | Reduced -527 |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 55.2k $856.0k | Added +42.8k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 47.5k $737.0k | Reduced -39.5k |
| Bullseye Asset Management LLC 0.33% of their portfolio | 41.5k $643.0k | Unchanged |
| State of Wyoming 0.06% of their portfolio | 38.7k $600.9k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 37.5k $581.8k | Reduced -3.6k |
| Trexquant Investment LP 0.00% of their portfolio | 36.9k $572.2k | Reduced -40.3k |
| Man Group plc 0.00% of their portfolio | 27.5k $426.1k | Added +250 |
| Crossmark Global Holdings, Inc. 0.01% of their portfolio | 25.4k $393.2k | Reduced -4.6k |
| Voleon Capital Management LP 0.01% of their portfolio | 24.8k $384.8k | New |
| NewEdge Advisors, LLC 0.00% of their portfolio | 18.8k $292.1k | Added +15.3k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 17.5k $271.0k | Unchanged |
| Engineers Gate Manager LP 0.00% of their portfolio | 17.3k $267.6k | Reduced -4.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 16.5k $255.7k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 14.9k $232.0k | Reduced -550 |
| Aquatic Capital Management LLC 0.01% of their portfolio | 14.5k $224.7k | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 13.7k $212.6k | Unchanged |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 8.8k $136.7k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 4.6k $70.8k | Added +568 |
| GAMMA Investing LLC 0.00% of their portfolio | 3.6k $56.4k | Unchanged |
| Harel Insurance Investments & Financial Services Ltd. 0.00% of their portfolio | 3.0k $47.0k | Unchanged |
| Penserra Capital Management LLC 0.00% of their portfolio | 2.2k $34.0k | New |
| BlackRock, Inc. 0.00% of their portfolio | 1.7k $26.1k | Reduced -185 |
| BARCLAYS PLC 0.00% of their portfolio | 1.4k $22.3k | Added +375 |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 1.4k $21.8k | Unchanged |
| LANARK FINANCIAL, INC. 0.00% of their portfolio | 1.1k $17.1k | Added +900 |
| Basepoint Wealth LLC 0.01% of their portfolio | 600 $9.3k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 390 $6.0k | Unchanged |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 335 $5.2k | Added +212 |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 185 $2.7k | Reduced -65 |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 134 $2.1k | New |
| Stone House Investment Management, LLC 0.00% of their portfolio | 131 $2.0k | New |
| Steigerwald, Gordon & Koch Inc. 0.00% of their portfolio | 120 $1.9k | Unchanged |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 10 $155 | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 3 $47 | New |