CEREBRAS SYSTEMS INC CBRS
COM CL A · Common Stock · CUSIP 15675D103 · ISIN US15675D1037
- SectorTechnology
- IndustrySemiconductors & Related Devices
- HeadquartersSunnyvale, CA
- Founded2016
- Websitecerebras.ai
- 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 ($67.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $219.77. Options: 34 managers hold calls ($2.6bn notional), 24 hold puts ($1.6bn).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2025 | 1 |
| Q3 2025 | 0 |
| Q4 2025 | 0 |
| Q1 2026 | 0 |
| Q2 2026 | 413 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $0 | $0 | — |
| Q1 2026 | $0 | $0 | — |
| Q2 2026 | $2.6bn | $1.6bn | 0.60 |
Biggest buyers
| ECLIPSE OPERATIONS, LLC | New | +11.4m |
| FMR LLC | New | +8.4m |
| Altimeter Capital Management, LP | New | +7.2m |
| COATUE MANAGEMENT LLC | New | +7.0m |
| Capital World Investors | New | +3.9m |
| MORGAN STANLEY | New | +3.2m |
| Atreides Management, LP | New | +3.1m |
| JPMORGAN CHASE & CO | New | +3.1m |
| TIGER GLOBAL MANAGEMENT LLC | New | +3.0m |
| BlackRock, Inc. | New | +2.1m |
Biggest sellers
| None |
Biggest calls
| JANE STREET GROUP, LLC | New | $1.1bn5.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $462.8m2.1m shares |
| CITADEL ADVISORS LLC | New | $218.5m988.9k shares |
| Atreides Management, LP | New | $154.7m700.0k shares |
| IMC-Chicago, LLC | New | $98.3m444.6k shares |
| Davidson Kempner Capital Management LP | Not comparable | $88.4m400.0k shares |
| GROUP ONE TRADING LLC | New | $86.8m392.7k shares |
| SIMPLEX TRADING, LLC | New | $43.2m195.7k shares |
| Belvedere Trading LLC | New | $41.1m185.8k shares |
| JPMORGAN CHASE & CO | New | $40.6m188.0k shares |
Biggest puts
| JANE STREET GROUP, LLC | New | $638.4m2.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $543.1m2.5m shares |
| CITADEL ADVISORS LLC | New | $193.9m877.6k shares |
| IMC-Chicago, LLC | New | $59.6m269.7k shares |
| Temasek Holdings (Private) Ltd | New | $22.0m99.4k shares |
| SIMPLEX TRADING, LLC | New | $17.2m77.9k shares |
| Brown University | New | $16.3m145.7k shares |
| AKUNA SECURITIES LLC | New | $11.6m52.6k shares |
| Belvedere Trading LLC | New | $9.4m42.4k shares |
| Walleye Trading LLC | New | $6.9m31.4k 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 |
|---|---|
| FMR LLC 13G · institution -20.9 pts · filed 2026-07-08 | 25.7% |
| Foundation Capital Management Co. VIII, L.L.C. 13G · exempt (held before listing) new · filed 2026-08-14 | 12.2% |
| Atreides Management, LP 13G · institution new · filed 2026-08-14 | 10.7% |
| TIGER GLOBAL MANAGEMENT LLC 13G · passive investor new · filed 2026-05-22 | 10.0% |
| Benchmark Capital Partners VIII, L.P. 13G · exempt (held before listing) new · filed 2026-08-14 | 9.8% |
| Feldman Andrew D. 13G · exempt (held before listing) new · filed 2026-08-14 | 9.2% |
| COATUE MANAGEMENT LLC 13G · exempt (held before listing) new · filed 2026-08-14 | 7.1% |
| Altimeter Capital Management, LP 13G · institution new · filed 2026-08-14 | 6.2% |
| JANE STREET GROUP, LLC 13G · institution new · filed 2026-08-13 | 5.1% |
Fell to 5% or below in the last year: Eclipse Continuity GP I, LLC (4.3%, 2026-08-18), JPMORGAN CHASE & CO (3.3%, 2026-07-22)
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 | — | 4 | $20.7m | — |
| Q3 2026 | 0 | — | 7 | $387.7m | $128.4m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-29 | Mallick Dhiraj Chief Operating Officer | Sold plan | $80.8m396.0k shares |
| 2026-09-29 | Komin Robert Patrick Jr. Chief Financial Officer | Sold plan | $6.6m32.5k shares |
| 2026-09-28 | Patel Yagnesh Chief Accounting Officer | Sold plan | $269.9k1.3k shares |
| 2026-09-25 | Lie Sean Chief Technology Officer | Sold plan | $25.1m120.0k shares |
| 2026-09-04 | Lie Sean Chief Technology Officer | Sold | $11.2m53.5k shares |
| 2026-09-04 | Vassallo Steven Director · By Revocable Trust | Sold | $10.5m50.0k shares |
| 2026-09-04 | Feldman Andrew D. CEO, President, director | Sold | $7.9m37.4k shares |
| 2026-08-21 | Feldman Andrew D. CEO, President, director | Sold | $47.3m237.6k shares |
| 2026-08-21 | Lie Sean Chief Technology Officer | Sold | $3.4m16.3k shares |
| 2026-08-20 | Lie Sean Chief Technology Officer | Sold | $147.6m710.2k shares |
| 2026-08-18 | Mallick Dhiraj Chief Operating Officer | Sold | $8.6m38.9k shares |
| 2026-08-18 | Feldman Andrew D. CEO, President, director | Sold | $5.9m26.6k shares |
| 2026-08-18 | Lie Sean Chief Technology Officer | Sold | $4.7m21.3k shares |
| 2026-08-18 | Patel Yagnesh Chief Accounting Officer | Sold | $1.0m4.6k shares |
| 2026-08-17 | Vishria Eric Director · See Footnote | Sold plan | $15.7m68.3k shares |
| 2026-08-14 | Vassallo Steven Director · By Revocable Trust | Sold | $10.9m50.0k shares |
| 2026-06-30 | Mallick Dhiraj Chief Operating Officer | Sold | $2.1m10.0k shares |
| 2026-06-26 | Mallick Dhiraj Chief Operating Officer | Sold | $3.5m20.0k shares |
| 2026-06-26 | Patel Yagnesh Chief Accounting Officer | Sold | $688.1k4.0k shares |
| 2026-06-25 | Mallick Dhiraj Chief Operating Officer | Sold | $6.1m36.1k shares |
| 2026-06-25 | Feldman Andrew D. CEO, President, director | Sold | $3.1m18.0k shares |
| 2026-06-25 | Mallick Dhiraj Chief Operating Officer | Sold | $2.5m13.3k shares |
| 2026-06-25 | Lie Sean Chief Technology Officer | Sold | $1.7m10.0k shares |
| 2026-06-25 | Patel Yagnesh Chief Accounting Officer | Sold | $1.0m6.1k shares |
| 2026-06-25 | Patel Yagnesh Chief Accounting Officer | Sold | $8.7k46 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 |
|---|---|---|
| ECLIPSE OPERATIONS, LLC 98.28% of their portfolio | 11.4m $2.5bn | New |
| FMR LLC 0.08% of their portfolio | 8.4m $1.9bn | New |
| Altimeter Capital Management, LP 16.24% of their portfolio | 7.2m $1.6bn | New |
| COATUE MANAGEMENT LLC 3.19% of their portfolio | 7.0m $1.5bn | New |
| Capital World Investors 0.10% of their portfolio | 3.9m $860.7m | New |
| MORGAN STANLEY 0.04% of their portfolio | 3.2m $712.6m | New |
| Atreides Management, LP 6.17% of their portfolio | 3.1m $687.3m | New |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 3.1m $670.3m | New |
| TIGER GLOBAL MANAGEMENT LLC 2.76% of their portfolio | 3.0m $662.8m | New |
| VY Capital Management Co. Ltd. 1.01% of their portfolio | 2.1m $474.4m | First filing |
| BlackRock, Inc. 0.01% of their portfolio | 2.1m $458.6m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 2.0m $451.9m | New |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 1.6m $343.0m | New |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 1.4m $304.9m | New |
| CITADEL ADVISORS LLC 0.16% of their portfolio | 1.2m $275.8m | New |
| Balyasny Asset Management L.P. 0.45% of their portfolio | 1.1m $247.6m | New |
| Value Aligned Research Advisors, LLC 1.45% of their portfolio | 1.1m $241.9m | New |
| HARVARD MANAGEMENT CO INC 5.61% of their portfolio | 1.1m $239.0m | New |
| Capital Research Global Investors 0.03% of their portfolio | 883.0k $195.1m | New |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 881.7k $194.9m | New |
| NORGES BANK 0.02% of their portfolio | 846.6k $187.1m | Not comparable |
| ADVANCED MICRO DEVICES INC 13.38% of their portfolio | 794.5k $175.6m | New |
| ARK Investment Management LLC 1.10% of their portfolio | 764.6k $169.0m | New |
| UBS Group AG 0.02% of their portfolio | 565.7k $125.0m | New |
| WASHINGTON UNIVERSITY 45.99% of their portfolio | 551.1k $121.8m | New |
| Alpha Wave Global, LP 1.81% of their portfolio | 510.0k $112.7m | New |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 479.3k $105.9m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio | 461.4k $102.0m | New |
| Clear Street Group Inc. 0.31% of their portfolio | 442.7k $97.8m | New |
| Inherent Management Corp. 1.81% of their portfolio | 425.0k $4.7m | New |
| Marex Group Ltd 0.69% of their portfolio | 422.7k $93.4m | New |
| Dragoneer Investment Group, LLC 3.12% of their portfolio | 400.0k $88.4m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 399.7k $88.4m | New |
| ADAMS STREET PARTNERS LLC 19.88% of their portfolio | 398.1k $88.0m | New |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 371.7k $82.1m | New |
| Jupiter Topco LLC 0.03% of their portfolio | 343.4k $75.9m | First filing |
| T. Rowe Price Investment Management, Inc. 0.05% of their portfolio | 340.9k $75.3m | New |
| StepStone Group LP 3.48% of their portfolio | 340.3k $75.2m | New |
| Davidson Kempner Capital Management LP 1.20% of their portfolio | 339.2k $75.0m | Not comparable |
| Legal Advantage Investments, Inc. 24.41% of their portfolio | 314.9k $69.6m | New |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 307.1k $67.9m | New |
| GF FUND MANAGEMENT CO. LTD. 0.79% of their portfolio | 297.9k $65.8m | New |
| BAMCO INC /NY/ 0.10% of their portfolio | 295.0k $65.2m | New |
| Amova Asset Management Americas, Inc. 0.84% of their portfolio | 294.5k $65.1m | New |
| ExodusPoint Capital Management, LP 0.60% of their portfolio | 292.3k $64.6m | New |
| Temasek Holdings (Private) Ltd 0.17% of their portfolio | 279.2k $61.7m | New |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 272.9k $60.3m | New |
| Ghisallo Capital Management LLC 1.17% of their portfolio | 270.0k $59.7m | New |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 265.6k $58.7m | New |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 250.1k $55.3m | New |
| SEVEN GRAND MANAGERS, LLC 2.22% of their portfolio | 250.0k $55.2m | New |
| HAMILTON LANE ADVISORS LLC 35.44% of their portfolio | 238.3k $52.7m | New |
| Liberty Street Advisors, Inc. 10.31% of their portfolio | 236.6k $52.3m | New |
| TUDOR INVESTMENT CORP ET AL 0.22% of their portfolio | 236.4k $52.3m | New |
| BANK OF NOVA SCOTIA 0.08% of their portfolio | 226.7k $50.1m | New |
| Meridiem Capital Partners LP 2.25% of their portfolio | 221.5k $49.0m | New |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 220.3k $48.7m | New |
| Blackstone Inc. 0.16% of their portfolio | 220.0k $48.6m | Not comparable |
| Invesco Ltd. 0.00% of their portfolio | 211.3k $46.7m | New |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 210.9k $46.6m | New |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.31% of their portfolio | 202.1k $44.7m | New |
| Burkehill Global Management, LP 1.60% of their portfolio | 200.0k $44.2m | New |
| Unisphere Establishment 0.37% of their portfolio | 198.4k $43.9m | New |
| Tidal Investments LLC 0.10% of their portfolio | 194.5k $43.0m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 189.6k $41.9m | New |
| Totem Point Management, LLC 24.46% of their portfolio | 181.0k $40.0m | New |
| Verition Fund Management LLC 0.27% of their portfolio | 175.0k $38.7m | New |
| Hudson Bay Capital Management LP 0.18% of their portfolio | 174.7k $38.6m | New |
| MONTANOVA CAPITAL, LLC 0.80% of their portfolio | 171.9k $38.0m | New |
| Lighthouse Investment Partners, LLC 1.08% of their portfolio | 157.0k $34.7m | New |
| Jain Global LLC 0.40% of their portfolio | 152.9k $33.8m | New |
| Legal & General Group Plc 0.01% of their portfolio | 152.3k $33.7m | New |
| Alyeska Investment Group, L.P. 0.09% of their portfolio | 152.2k $33.6m | New |
| Foundations Investment Advisors, LLC 0.35% of their portfolio | 152.1k $33.6m | New |
| SOROS FUND MANAGEMENT LLC 0.43% of their portfolio | 150.0k $33.1m | New |
| D1 Capital Partners L.P. 0.10% of their portfolio | 150.0k $33.1m | New |
| GREENOAKS LLC 1.41% of their portfolio | 150.0k $33.1m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 146.6k $32.4m | New |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 0.77% of their portfolio | 134.5k $29.7m | New |
| MAPLELANE CAPITAL, LLC 1.22% of their portfolio | 132.0k $29.2m | New |
| CROSSLINK CAPITAL INC 2.13% of their portfolio | 130.4k $28.8m | New |
| SAMLYN CAPITAL, LLC 0.48% of their portfolio | 130.1k $28.7m | New |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 129.9k $28.7m | New |
| CANTOR FITZGERALD, L. P. 0.26% of their portfolio | 122.2k $27.0m | New |
| LMR Partners LLP 0.19% of their portfolio | 120.0k $26.5m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 110.4k $24.4m | New |
| Artisan Partners Limited Partnership 0.04% of their portfolio | 108.2k $23.9m | New |
| Avala Global LP 0.87% of their portfolio | 107.3k $23.7m | New |
| Freestone Grove Partners LP 0.15% of their portfolio | 100.0k $22.1m | New |
| Longaeva Partners L.P. 0.64% of their portfolio | 100.0k $22.1m | New |
| Engineers Gate Manager LP 0.28% of their portfolio | 98.5k $21.8m | New |
| Weiss Asset Management LP 0.24% of their portfolio | 96.8k $21.4m | Not comparable |
| University of Wisconsin Foundation 14.86% of their portfolio | 84.9k $18.8m | New |
| SG Americas Securities, LLC 0.01% of their portfolio | 81.0k $17.9m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 77.9k $17.2m | New |
| Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 0.69% of their portfolio | 75.5k $16.7m | New |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 73.2k $16.2m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 71.5k $15.8m | New |
| BW Gestao de Investimentos Ltda. 0.36% of their portfolio | 67.7k $15.0m | New |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 66.1k $14.6m | New |