Vault-13

CSG SYS INTL INC

COM · CUSIP 126349109 · ISIN US1263491094

244 institutional holders +5 vs Q1 2023
29,292,10629.3m shares reported held*
$1.5bnreported value*
25 new 95 added 85 reduced 19 sold out net sold ≈ $6.0m (-114.5k shares)

* 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 ($2.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $52.50. Options: 3 managers hold calls ($47.5k notional), 4 hold puts ($1.8m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 226Q4 22: 251Q1 23: 239Q2 23: 244244Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022226
Q4 2022251
Q1 2023239
Q2 2023244

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 101 bought or addedQ4 22: 120 cut or sold outQ4 22Q1 23: 109 bought or addedQ1 23: 123 cut or sold outQ1 23Q2 23: 120 bought or addedQ2 23: 104 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022101120
Q1 2023109123
Q2 2023120104

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3mQ3 22 calls: $534.0kQ3 22 puts: $307.0kQ3 22P/C 0.57Q4 22 calls: $5.7kQ4 22 puts: $57.2kQ4 22P/C 10.00Q1 23 calls: $101.7kQ1 23 puts: $2.4mQ1 23P/C 23.24Q2 23 calls: $47.5kQ2 23 puts: $1.8mQ2 23P/C 38.11
Numbers
QuarterCallsPutsP/C
Q3 2022$534.0k$307.0k0.57
Q4 2022$5.7k$57.2k10.00
Q1 2023$101.7k$2.4m23.24
Q2 2023$47.5k$1.8m38.11

Biggest buyers

MORGAN STANLEY Added +276,692+276.7k
ProShare Advisors LLC Added +188,801+188.8k
ACADIAN ASSET MANAGEMENT LLC Added +118,779+118.8k
CITADEL ADVISORS LLC Added +87,846+87.8k
TWO SIGMA INVESTMENTS, LP Added +59,905+59.9k
BlackRock Inc. Added +50,955+51.0k
ASHFORD CAPITAL MANAGEMENT INC Added +41,850+41.9k
VOYA INVESTMENT MANAGEMENT LLC Added +39,967+40.0k
Connor, Clark & Lunn Investment Management Ltd. New +39,052+39.1k
HSBC HOLDINGS PLC New +37,406+37.4k

Biggest sellers

MILLENNIUM MANAGEMENT LLC Reduced -323,497-323.5k
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sold out -269,510-269.5k
VANGUARD GROUP INC Reduced -198,370-198.4k
NORGES BANK Reduced -145,957-146.0k
FMR LLC Reduced -84,257-84.3k
JPMORGAN CHASE & CO Reduced -75,982-76.0k
FULLER & THALER ASSET MANAGEMENT, INC. Reduced -68,545-68.5k
ExodusPoint Capital Management, LP Reduced -45,351-45.4k
JACOBS LEVY EQUITY MANAGEMENT, INC Reduced -41,998-42.0k
SEGALL BRYANT & HAMILL, LLC Reduced -41,680-41.7k

Biggest calls

CITADEL ADVISORS LLC Reduced $42.2k800 shares
PEAK6 Investments LLC New $5.3k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $859.7k16.3k shares
PEAK6 Investments LLC Reduced $643.4k12.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $305.9k5.8k 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.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution filed 2025-04-28 14.8% 4.3m 2025-04-28
VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 6.4% new 1.8m 2026-04-29

Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.01% of their portfolio New York, NY 5,266,9895.3m $277.8m $277.8m 0.01% Added +51.0k +50,955
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 3,946,5363.9m $208.1m $208.1m 0.00% Reduced -198.4k -198,370
3 FIRST TRUST ADVISORS LP 0.08% of their portfolio Wheaton, IL 1,392,4101.4m $73.4m $73.4m 0.08% Added +3.4k +3,404
4 LSV ASSET MANAGEMENT 0.15% of their portfolio CHICAGO, IL 1,328,1411.3m $70.0m $70.0m 0.15% Reduced -23.5k -23,500
5 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,113,1201.1m $58.7m $58.7m 0.00% Reduced -4.0k -4,025
6 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 1,008,6801.0m $53.2m $53.2m 0.02% Added +2.7k +2,671
7 FULLER & THALER ASSET MANAGEMENT, INC. 0.28% of their portfolio SAN MATEO, CA 940,479940.5k $49.6m $49.6m 0.28% Reduced -68.5k -68,545
8 RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio NEW YORK, NY 832,016832.0k $43.9m $43.9m 0.06% Added +14.9k +14,900
9 Boston Trust Walden Corp 0.34% of their portfolio BOSTON, MA 775,426775.4k $40.9m $40.9m 0.34% Added +22.3k +22,349
10 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.11% of their portfolio CHICAGO, IL 678,073678.1k $35.8m $35.8m 0.11% Added +12.8k +12,813
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 674,793674.8k $35.6m $35.6m 0.00% Added +276.7k +276,692
12 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 669,519669.5k $35.3m $35.3m 0.00% Added +20.9k +20,858
13 PALISADE CAPITAL MANAGEMENT, LP 0.81% of their portfolio FORT LEE, NJ 578,548578.5k $30.5m $30.5m 0.81% Added +23.9k +23,934
14 Bahl & Gaynor LLC 0.14% of their portfolio CINCINNATI, OH 447,875447.9k $23.6m $23.6m 0.14% Added +31.4k +31,399
15 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 432,750432.8k $22.8m $22.8m 0.00% Reduced -23.3k -23,339
16 ASHFORD CAPITAL MANAGEMENT INC 3.04% of their portfolio WILMINGTON, DE 411,900411.9k $21.7m $21.7m 3.04% Added +41.9k +41,850
17 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 381,497381.5k $20.1m $20.1m 0.00% Added +27.2k +27,235
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 351,993352.0k $18.6m $18.6m 0.01% Added +10.1k +10,103
19 VALUE HOLDINGS MANAGEMENT CO. LLC 3.96% of their portfolio PARK CITY, UT 336,180336.2k $17.7m $17.7m 3.96% Unchanged
20 NORGES BANK 0.00% of their portfolio OSLO, Q8 283,994284.0k $15.0m $15.0m 0.00% Reduced -146.0k -145,957
21 ProShare Advisors LLC 0.04% of their portfolio BETHESDA, MD 252,982253.0k $13.3m $13.3m 0.04% Added +188.8k +188,801
22 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 251,470251.5k $13.3m $13.3m 0.01% Reduced -12.4k -12,405
23 JACOBS LEVY EQUITY MANAGEMENT, INC 0.07% of their portfolio FLORHAM PARK, NJ 224,265224.3k $11.8m $11.8m 0.07% Reduced -42.0k -41,998
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 216,041216.0k $11.4m $11.4m 0.00% Reduced -14.1k -14,122
25 Bragg Financial Advisors, Inc 0.60% of their portfolio CHARLOTTE, NC 207,701207.7k $11.0m $11.0m 0.60% Added +13.1k +13,058
26 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 207,484207.5k $10.9m $10.9m 0.01% Reduced -4.2k -4,225
27 LOOMIS SAYLES & CO L P 0.02% of their portfolio BOSTON, MA 204,978205.0k $10.8m $10.8m 0.02% Added +21.3k +21,252
28 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 197,957198.0k $10.4m $10.4m 0.00% Reduced -4.9k -4,883
29 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 188,425188.4k $9.9m $9.9m 0.00% Reduced -26.0k -25,975
30 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 186,842186.8k $9.9m $9.9m 0.00% Reduced -3.5k -3,468
31 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 179,420179.4k $9.5m $9.5m 0.01% Reduced -323.5k -323,497
32 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 173,207173.2k $9.1m $9.1m 0.01% Reduced -12.1k -12,115
33 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 169,137169.1k $8.9m $8.9m 0.01% Added +2.3k +2,263
34 COMERICA BANK 0.00% of their portfolio DALLAS, TX 142,196142.2k $4 $4 0.00% First filing
35 Cubist Systematic Strategies, LLC 0.08% of their portfolio STAMFORD, CT 138,459138.5k $7.3m $7.3m 0.08% Added +15.7k +15,651
36 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 137,313137.3k $7.2m $7.2m 0.01% Added +40.0k +39,967
37 ACADIAN ASSET MANAGEMENT LLC 0.03% of their portfolio Boston, MA 132,965133.0k $7.0m $7.0m 0.03% Added +118.8k +118,779
38 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 130,207130.2k $6.9m $6.9m 0.01% Added +87.8k +87,846
39 River Road Asset Management, LLC 0.09% of their portfolio LOUISVILLE, KY 129,663129.7k $6.8m $6.8m 0.09% Reduced -8.2k -8,202
40 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 123,517123.5k $6.5m $6.5m 0.00% Added +17.6k +17,597
41 GHP Investment Advisors, Inc. 0.39% of their portfolio Denver, CO 119,541119.5k $6.7m $6.7m 0.39% Added +2.9k +2,909
42 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 111,088111.1k $5.9m $5.9m 0.01% Added +1.5k +1,530
43 SEGALL BRYANT & HAMILL, LLC 0.06% of their portfolio CHICAGO, IL 102,694102.7k $5.4m $5.4m 0.06% Reduced -41.7k -41,680
44 FMR LLC 0.00% of their portfolio BOSTON, MA 99,82199.8k $5.3m $5.3m 0.00% Reduced -84.3k -84,257
45 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 94,24994.2k $5.0m $5.0m 0.01% Added +23.6k +23,600
46 Legal & General Group Plc 0.00% of their portfolio London, X0 92,07692.1k $4.9m $4.9m 0.00% Added +2.6k +2,624
47 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 83,12383.1k $4.4m $4.4m 0.01% Added +59.9k +59,905
48 Swiss National Bank 0.00% of their portfolio ZURICH, V8 68,00068.0k $3.6m $3.6m 0.00% Unchanged
49 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 66,79366.8k $3.5m $3.5m 0.01% Added +1.5k +1,541
50 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 66,38666.4k $3.5m $3.5m 0.01% Reduced -4.4k -4,400
51 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 64,39264.4k $3.4m $3.4m 0.00% Added +19.8k +19,822
52 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 62,58862.6k $3.3m $3.3m 0.00% Reduced -76.0k -75,982
53 Penserra Capital Management LLC 0.06% of their portfolio ORINDA, CA 61,59661.6k $3.2m $3.2m 0.06% Added +3.5k +3,521
54 DEAN INVESTMENT ASSOCIATES, LLC 0.51% of their portfolio BEAVERCREEK, OH 59,96460.0k $3.2m $3.2m 0.51% Reduced -1.6k -1,593
55 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 59,34759.3k $3.1m $3.1m 0.00% Reduced -811 -811
56 Kendall Capital Management 1.25% of their portfolio ROCKVILLE, MD 54,07554.1k $2.9m $2.9m 1.25% Reduced -1.0k -1,010
57 Public Sector Pension Investment Board 0.02% of their portfolio MONTREAL, A8 53,94853.9k $2.8m $2.8m 0.02% Added +1.0k +1,048
58 Assenagon Asset Management S.A. 0.01% of their portfolio SENNINGERBERG, N4 53,07153.1k $2.8m $2.8m 0.01% Reduced -26.0k -25,963
59 AXA S.A. 0.01% of their portfolio PARIS, I0 50,92550.9k $2.7m $2.7m 0.01% Reduced -2.0k -2,000
60 Engineers Gate Manager LP 0.09% of their portfolio NEW YORK, NY 45,74845.7k $2.4m $2.4m 0.09% Reduced -1.9k -1,863
61 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 45,54945.5k $2.4m $2.4m 0.00% Added +3.8k +3,832
62 UBS Group AG 0.00% of their portfolio ZURICH, V8 45,18945.2k $2.4m $2.4m 0.00% Added +21.9k +21,864
63 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 42,83342.8k $2.3m $2.3m 0.00% Reduced -8.0k -7,957
64 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 42,43942.4k $2.2m $2.2m 0.00% Added +1.2k +1,243
65 CHATHAM CAPITAL GROUP, INC. 0.47% of their portfolio SAVANNAH, GA 42,42842.4k $2.2m $2.2m 0.47% Added +44 +44
66 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 41,84741.8k $2.2m $2.2m 0.00% Added +10.9k +10,911
67 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 41,59841.6k $2.2m $2.2m 0.00% Added +31.7k +31,696
68 Versant Capital Management, Inc 0.67% of their portfolio PHOENIX, AZ 39,87839.9k $2.1m $2.1m 0.67% Reduced -10 -10
69 Lapides Asset Management, LLC 1.37% of their portfolio GREENWICH, CT 39,80039.8k $2.1m $2.1m 1.37% Added +200 +200
70 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 39,05239.1k $2.1m $2.1m 0.01% New
71 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 38,32538.3k $2.0m $2.0m 0.01% Added +280 +280
72 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 37,87137.9k $2.0m $2.0m 0.00% Reduced -1.4k -1,376
73 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 37,73337.7k $2.0m $2.0m 0.00% Reduced -980 -980
74 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 37,68037.7k $2.0m $2.0m 0.01% Reduced -5.1k -5,117
75 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 37,62337.6k $2.0m $2.0m 0.00% Added +8.1k +8,077
76 Advisors Asset Management, Inc. 0.04% of their portfolio Monument, CO 37,50837.5k $2.0m $2.0m 0.04% Reduced -3.9k -3,928
77 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 37,40637.4k $2.0m $2.0m 0.00% New
78 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 36,54836.5k $1.9m $1.9m 0.00% Reduced -899 -899
79 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 34,83634.8k $1.8m $1.8m 0.00% Reduced -2.4k -2,440
80 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 34,67934.7k $1.9m $1.9m 0.00% Unchanged
81 WEDGE CAPITAL MANAGEMENT L L P/NC 0.03% of their portfolio CHARLOTTE, NC 34,40134.4k $1.8m $1.8m 0.03% New
82 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 34,35534.4k $1.8m $1.8m 0.01% Added +2.5k +2,508
83 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 33,32933.3k $1.8m $1.8m 0.00% Added +14.2k +14,233
84 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 32,71832.7k $1.7m $1.7m 0.00% Reduced -3.7k -3,651
85 ALPS ADVISORS INC 0.01% of their portfolio Denver, CO 32,05832.1k $1.7m $1.7m 0.01% Added +10.0k +9,958
86 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 30,82830.8k $1.6m $1.6m 0.00% Added +15.0k +14,952
87 RBF Capital, LLC 0.10% of their portfolio RENO, NV 30,03230.0k $1.6m $1.6m 0.10% Unchanged
88 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 29,07529.1k $1.5m $1.5m 0.00% Reduced -733 -733
89 Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio Boston, MA 28,63628.6k $1.5m $1.5m 0.01% Added +11.1k +11,074
90 Jump Financial, LLC 0.06% of their portfolio Chicago, IL 28,47628.5k $1.5m $1.5m 0.06% Added +14.8k +14,776
91 TEXAS PERMANENT SCHOOL FUND CORP 0.01% of their portfolio AUSTIN, TX 26,74926.7k $1.4m $1.4m 0.01% Reduced -225 -225
92 PUTNAM INVESTMENTS LLC 0.00% of their portfolio BOSTON, MA 26,15226.2k $1.4m $1.4m 0.00% Reduced -816 -816
93 Hennion & Walsh Asset Management, Inc. 0.08% of their portfolio Parsippany, NJ 25,47925.5k $1.3m $1.3m 0.08% Reduced -434 -434
94 MARTINGALE ASSET MANAGEMENT L P 0.03% of their portfolio BOSTON, MA 25,19125.2k $1.3m $1.3m 0.03% Reduced -4.2k -4,200
95 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 24,90424.9k $1.3m $1.3m 0.00% New
96 Polaris Capital Management, LLC 0.05% of their portfolio BOSTON, MA 24,00024.0k $1.3m $1.3m 0.05% Unchanged
97 Legato Capital Management LLC 0.17% of their portfolio San Francisco, CA 23,90523.9k $1.3m $1.3m 0.17% Added +660 +660
98 Dean Capital Management 1.68% of their portfolio OVERLAND PARK, KS 23,90523.9k $1.3m $1.3m 1.68% Added +660 +660
99 CWM, LLC 0.01% of their portfolio OMAHA, NE 23,70623.7k $1.2m $1.2m 0.01% Reduced -1.1k -1,092
100 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 23,39223.4k $1.2m $1.2m 0.01% Added +11.6k +11,627