Vault-13

COUPA SOFTWARE INC COUP

COM · Common Stock · CUSIP 22266L106 · ISIN US22266L1061

368 institutional holders +10 vs Q3 2022
79,194,72079.2m shares reported held*
$6.0bnreported value*
113 new 88 added 116 reduced 117 sold out net sold ≈ $642.3m (-4.2m 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 ($13.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $75.22. Options: 36 managers hold calls ($416.6m notional), 32 hold puts ($245.9m).

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 358Q4 22: 368368Q3 22Q4 22
Numbers
QuarterHolders
Q3 2022358
Q4 2022368

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ3 22 calls: $162.6mQ3 22 puts: $129.5mQ3 22P/C 0.80Q4 22 calls: $416.6mQ4 22 puts: $245.9mQ4 22P/C 0.59
Numbers
QuarterCallsPutsP/C
Q3 2022$162.6m$129.5m0.80
Q4 2022$416.6m$245.9m0.59

Biggest buyers

MIRIA Asset Management Ltd New +4,000,000+4.0m
FIL Ltd Added +1,657,416+1.7m
FRED ALGER MANAGEMENT, LLC New +1,261,055+1.3m
Balyasny Asset Management L.P. Added +1,156,144+1.2m
NATIXIS Added +893,548+893.5k
NORGES BANK Added +722,346+722.3k
KRYGER CAPITAL Ltd New +711,999+712.0k
ALPINE ASSOCIATES MANAGEMENT INC. New +688,800+688.8k
P SCHOENFELD ASSET MANAGEMENT LP New +637,000+637.0k
TIG Advisors, LLC New +583,244+583.2k

Biggest sellers

HMI Capital Management, L.P. Reduced -2,435,500-2.4m
BROWN ADVISORY INC Sold out -1,870,913-1.9m
MACKENZIE FINANCIAL CORP Sold out -1,652,627-1.7m
MORGAN STANLEY Reduced -1,580,261-1.6m
Echo Street Capital Management LLC Reduced -1,434,843-1.4m
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Reduced -1,399,652-1.4m
ALKEON CAPITAL MANAGEMENT LLC Sold out -1,235,151-1.2m
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -932,988-933.0k
JANUS HENDERSON GROUP PLC Reduced -851,873-851.9k
Meritage Group LP Reduced -728,979-729.0k

Biggest calls

CITADEL ADVISORS LLC Added $76.0m960.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $49.8m628.8k shares
CITIGROUP INC New $43.0m543.6k shares
SANDLER CAPITAL MANAGEMENT New $39.6m500.0k shares
Walleye Trading LLC Added $24.4m307.8k shares
BARCLAYS PLC First filing $21.9m276.5k shares
D. E. Shaw & Co., Inc. Added $20.6m259.7k shares
SIMPLEX TRADING, LLC Added $18.3m230.6k shares
IMC-Chicago, LLC Reduced $16.2m204.1k shares
GROUP ONE TRADING LLC Added $15.5m195.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $43.7m552.6k shares
Antara Capital LP New $39.6m500.0k shares
BANK OF MONTREAL /CAN/ Unchanged $18.6m235.0k shares
TIG Advisors, LLC New $18.5m234.1k shares
Walleye Trading LLC Added $18.5m233.6k shares
SIMPLEX TRADING, LLC Added $17.5m220.6k shares
BARCLAYS PLC First filing $17.1m216.0k shares
CITADEL ADVISORS LLC Reduced $13.8m174.5k shares
JANE STREET GROUP, LLC Reduced $9.3m118.1k shares
GROUP ONE TRADING LLC Added $8.7m109.8k 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.

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 7,206,5567.2m $570.5m $570.5m 0.02% Added +65.8k +65,805
2 BlackRock Inc. 0.01% of their portfolio New York, NY 4,190,6634.2m $331.8m $331.8m 0.01% Reduced -325.2k -325,233
3 MIRIA Asset Management Ltd 23.03% of their portfolio ST.JULIANS, O1 4,000,0004.0m $3.9m $3.9m 23.03% New
4 Meritage Group LP 9.97% of their portfolio SAN FRANCISCO, CA 3,652,5043.7m $289.2m $289.2m 9.97% Reduced -729.0k -728,979
5 HBK INVESTMENTS L P 9.46% of their portfolio DALLAS, TX 2,697,1172.7m $213.5m $213.5m 9.46% Not comparable
6 FMR LLC 0.02% of their portfolio BOSTON, MA 2,665,5392.7m $211.0m $211.0m 0.02% Reduced -289.4k -289,392
7 FIL Ltd 0.21% of their portfolio HAMILTON, D0 2,250,6052.3m $178.2m $178.2m 0.21% Added +1.7m +1,657,416
8 Balyasny Asset Management L.P. 0.49% of their portfolio Chicago, IL 1,739,3171.7m $137.7m $137.7m 0.49% Added +1.2m +1,156,144
9 Jackson Square Partners, LLC 3.47% of their portfolio LARKSPUR, CA 1,642,4671.6m $130.0m $130.0m 3.47% Added +129.0k +128,986
10 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 6.31% of their portfolio CHICAGO, IL 1,619,3331.6m $128.2m $128.2m 6.31% Not comparable
11 BARCLAYS PLC 0.11% of their portfolio LONDON, X0 1,617,9771.6m $128.1m $128.1m 0.11% First filing
12 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 1,546,8411.5m $122.5m $122.5m 0.03% Reduced -56.3k -56,306
13 NORGES BANK 0.03% of their portfolio OSLO, Q8 1,444,7831.4m $114.4m $114.4m 0.03% Added +722.3k +722,346
14 CADIAN CAPITAL MANAGEMENT, LP 7.63% of their portfolio NEW YORK, NY 1,328,1711.3m $105.2m $105.2m 7.63% Reduced -607.1k -607,059
15 PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio BALTIMORE, MD 1,312,8681.3m $103.9m $103.9m 0.02% Reduced -933.0k -932,988
16 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,265,2661.3m $100.2m $100.2m 0.01% Reduced -1.6m -1,580,261
17 FRED ALGER MANAGEMENT, LLC 0.54% of their portfolio NEW YORK, NY 1,261,0551.3m $99.8m $99.8m 0.54% New
18 MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio NEW YORK, NY 1,218,1631.2m $96.4m $96.4m 0.11% Added +514.9k +514,919
19 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 1,212,8931.2m $96.0m $96.0m 0.01% Reduced -277.5k -277,524
20 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,068,3851.1m $84.6m $84.6m 0.01% Added +38.7k +38,708
21 FIRST TRUST ADVISORS LP 0.10% of their portfolio Wheaton, IL 1,052,6931.1m $83.3m $83.3m 0.10% Reduced -58.0k -57,966
22 NATIXIS 0.47% of their portfolio PARIS, I0 1,010,5481.0m $80.0m $80.0m 0.47% Added +893.5k +893,548
23 BANK OF NOVA SCOTIA 0.19% of their portfolio TORONTO, A6 925,296925.3k $73.3m $73.3m 0.19% Added +471.9k +471,895
24 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 790,811790.8k $62.6m $62.6m 0.01% Reduced -361.1k -361,105
25 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.32% of their portfolio JUPITER, FL 715,480715.5k $56.6m $56.6m 0.32% Reduced -76.0k -76,020
26 KRYGER CAPITAL Ltd 8.53% of their portfolio LONDON, X0 711,999712.0k $56.4m $56.4m 8.53% New
27 FEDERATED HERMES, INC. 0.16% of their portfolio PITTSBURGH, PA 711,269711.3k $56.3m $56.3m 0.16% Added +302.7k +302,672
28 HMI Capital Management, L.P. 2.38% of their portfolio SAN FRANCISCO, CA 702,300702.3k $55.6m $55.6m 2.38% Reduced -2.4m -2,435,500
29 ALPINE ASSOCIATES MANAGEMENT INC. 2.49% of their portfolio PALM BEACH, FL 688,800688.8k $54.5m $54.5m 2.49% New
30 TUDOR INVESTMENT CORP ET AL 1.27% of their portfolio STAMFORD, CT 654,185654.2k $51.8m $51.8m 1.27% Added +535.7k +535,698
31 P SCHOENFELD ASSET MANAGEMENT LP 5.89% of their portfolio NEW YORK, NY 637,000637.0k $50.4m $50.4m 5.89% New
32 Davidson Kempner Capital Management LP 1.03% of their portfolio New York, NY 607,893607.9k $48.1m $48.1m 1.03% Not comparable
33 TIG Advisors, LLC 3.16% of their portfolio New York, NY 583,244583.2k $46.2m $46.2m 3.16% New
34 TWO SIGMA ADVISERS, LP 0.12% of their portfolio NEW YORK, NY 532,900532.9k $42.2m $42.2m 0.12% Reduced -176.2k -176,200
35 D. E. Shaw & Co., Inc. 0.07% of their portfolio New York, NY 509,581509.6k $40.3m $40.3m 0.07% Reduced -596.3k -596,295
36 Antara Capital LP 4.79% of their portfolio New York, NY 500,000500.0k $39.6m $39.6m 4.79% New
37 Sand Grove Capital Management LLP 3.67% of their portfolio LONDON, X0 481,400481.4k $38.1m $38.1m 3.67% New
38 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 478,528478.5k $37.9m $37.9m 0.00% Added +208.6k +208,551
39 TWO SIGMA INVESTMENTS, LP 0.12% of their portfolio NEW YORK, NY 469,275469.3k $37.2m $37.2m 0.12% Reduced -664.9k -664,928
40 Mirae Asset Global Investments Co., Ltd. 0.10% of their portfolio SEOUL, M5 464,065464.1k $36.7m $36.7m 0.10% Added +88.8k +88,769
41 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 448,830448.8k $35.5m $35.5m 0.01% Added +21.7k +21,673
42 RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio NEW YORK, NY 447,900447.9k $35.5m $35.5m 0.05% Reduced -519.1k -519,100
43 Man Group plc 0.12% of their portfolio LONDON, X0 430,002430.0k $34.0m $34.0m 0.12% Added +392.8k +392,766
44 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 417,816417.8k $33.1m $33.1m 0.01% Reduced -244.1k -244,131
45 NEXPOINT ASSET MANAGEMENT, L.P. 2.57% of their portfolio Dallas, TX 416,573416.6k $33.0m $33.0m 2.57% New
46 Herr Investment Group LLC 6.23% of their portfolio AUSTIN, TX 415,081415.1k $32.9m $32.9m 6.23% First filing
47 First Trust Capital Management L.P. 1.69% of their portfolio CHICAGO, IL 397,331397.3k $31.5m $31.5m 1.69% New
48 EMINENCE CAPITAL, LP 0.57% of their portfolio NEW YORK, NY 389,362389.4k $30.8m $30.8m 0.57% Reduced -618.5k -618,451
49 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 378,267378.3k $30.0m $30.0m 0.01% Reduced -30.2k -30,242
50 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 365,201365.2k $28.9m $28.9m 0.02% Added +3.2k +3,198
51 Praesidium Investment Management Company, LLC 2.92% of their portfolio New York, NY 363,498363.5k $28.8m $28.8m 2.92% Reduced -49.1k -49,103
52 CROSSLINK CAPITAL INC 6.68% of their portfolio MENLO PARK, CA 349,656349.7k $27.7m $27.7m 6.68% Reduced -191.2k -191,150
53 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 346,422346.4k $27.4m $27.4m 0.01% Added +174.7k +174,732
54 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 346,202346.2k $27.4m $27.4m 0.01% Reduced -69.6k -69,570
55 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 341,128341.1k $27.0m $27.0m 0.01% Added +334.9k +334,881
56 PSquared Asset Management AG 7.62% of their portfolio ZURICH, V8 335,000335.0k $26.5m $26.5m 7.62% New
57 Westchester Capital Management, LLC 0.76% of their portfolio VALHALLA, NY 331,749331.7k $26.3m $26.3m 0.76% New
58 Echo Street Capital Management LLC 0.25% of their portfolio New York, NY 330,125330.1k $26.1m $26.1m 0.25% Reduced -1.4m -1,434,843
59 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio BALA CYNWYD, PA 326,684326.7k $25.9m $25.9m 0.05% Added +246.7k +246,693
60 SEI INVESTMENTS CO 0.05% of their portfolio OAKS, PA 306,229306.2k $24.2m $24.2m 0.05% Added +25.1k +25,105
61 Tensile Capital Management LP 3.76% of their portfolio LARKSPUR, CA 303,310303.3k $24.0m $24.0m 3.76% Reduced -299.9k -299,914
62 WATER ISLAND CAPITAL LLC 1.97% of their portfolio NEW YORK, NY 294,472294.5k $23.3m $23.3m 1.97% New
63 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 284,305284.3k $22.5m $22.5m 0.01% Reduced -45.8k -45,770
64 Woodline Partners LP 0.30% of their portfolio San Francisco, CA 277,900277.9k $22.0m $22.0m 0.30% New
65 SANDLER CAPITAL MANAGEMENT 3.28% of their portfolio NEW YORK, NY 270,572270.6k $21.4m $21.4m 3.28% Added +92.7k +92,720
66 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 262,466262.5k $20.7m $20.7m 0.03% Added +238.5k +238,490
67 Polar Asset Management Partners Inc. 0.30% of their portfolio TORONTO, A6 261,359261.4k $20.7m $20.7m 0.30% New
68 UBS Group AG 0.01% of their portfolio ZURICH, V8 245,269245.3k $19.4m $19.4m 0.01% Added +185.8k +185,799
69 AQR Arbitrage LLC 0.48% of their portfolio Greenwich, CT 238,316238.3k $18.9m $18.9m 0.48% New
70 Long Path Partners LP 8.19% of their portfolio Stamford, CT 237,908237.9k $18.8m $18.8m 8.19% Reduced -12.3k -12,324
71 GABELLI FUNDS LLC 0.14% of their portfolio Rye, NY 232,027232.0k $18.4m $18.4m 0.14% New
72 Schonfeld Strategic Advisors LLC 0.15% of their portfolio NEW YORK, NY 224,935224.9k $17.8m $17.8m 0.15% Reduced -648.2k -648,243
73 Ensign Peak Advisors, Inc 0.04% of their portfolio SALT LAKE CITY, UT 222,498222.5k $17.6m $17.6m 0.04% Added +182.9k +182,940
74 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 216,300216.3k $17.1m $17.1m 0.01% Reduced -19.2k -19,172
75 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 214,431214.4k $17.0m $17.0m 0.02% Reduced -260.3k -260,294
76 E. Ohman J:or Asset Management AB 0.71% of their portfolio STOCKHOLM, V7 205,885205.9k $16.3m $16.3m 0.71% Added +33.1k +33,052
77 Coronation Fund Managers Ltd. 0.45% of their portfolio Cape Town, T3 202,505202.5k $16.0m $16.0m 0.45% Added +70.2k +70,233
78 Ararat Capital Management LP 5.33% of their portfolio WESTPORT, CT 202,265202.3k $16.0m $16.0m 5.33% New
79 PICTON MAHONEY ASSET MANAGEMENT 0.82% of their portfolio Toronto, A6 200,000200.0k $15.8m $15.8m 0.82% New
80 DLD Asset Management, LP 1.63% of their portfolio NEW YORK, NY 200,000200.0k $15.8m $15.8m 1.63% New
81 Barton Investment Management 3.00% of their portfolio WEST CONSHOHOCKEN, PA 192,941192.9k $15.3m $15.3m 3.00% Reduced -58.5k -58,525
82 Chicago Capital Management, LLC 13.51% of their portfolio CHICAGO, IL 187,973188.0k $14.9m $14.9m 13.51% New
83 Greenhouse Funds LLLP 1.37% of their portfolio BALTIMORE, MD 187,700187.7k $14.9m $14.9m 1.37% New
84 GLAZER CAPITAL, LLC 0.38% of their portfolio New York, NY 187,414187.4k $14.8m $14.8m 0.38% New
85 Melqart Asset Management (UK) Ltd 1.30% of their portfolio London, X0 186,714186.7k $14.8m $14.8m 1.30% New
86 Swiss National Bank 0.01% of their portfolio ZURICH, V8 183,500183.5k $14.5m $14.5m 0.01% Reduced -139.6k -139,591
87 WESTFIELD CAPITAL MANAGEMENT CO LP 0.11% of their portfolio BOSTON, MA 178,819178.8k $14.2m $14.2m 0.11% Reduced -199.3k -199,329
88 Connor, Clark & Lunn Investment Management Ltd. 0.08% of their portfolio VANCOUVER, A1 169,046169.0k $13.4m $13.4m 0.08% Reduced -135.9k -135,884
89 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 165,366165.4k $13.1m $13.1m 0.01% Reduced -10.5k -10,543
90 Taconic Capital Advisors LP 0.46% of their portfolio NEW YORK, NY 160,000160.0k $12.7m $12.7m 0.46% New
91 SIMPLEX TRADING, LLC 0.60% of their portfolio CHICAGO, IL 159,522159.5k $12.6m $12.6m 0.60% Added +158.6k +158,632
92 HAP Trading, LLC 2.05% of their portfolio NEW YORK, NY 158,316158.3k $12.5m $12.5m 2.05% New
93 KETTLE HILL CAPITAL MANAGEMENT, LLC 2.41% of their portfolio New York, NY 154,579154.6k $12.2m $12.2m 2.41% New
94 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 152,550152.6k $12.1m $12.1m 0.01% Reduced -349.9k -349,883
95 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio BOSTON, MA 149,075149.1k $11.8m $11.8m 0.02% New
96 GABELLI & Co INVESTMENT ADVISERS, INC. 2.46% of their portfolio Rye, NY 146,100146.1k $11.6m $11.6m 2.46% New
97 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 144,379144.4k $11.4m $11.4m 0.01% Added +65.5k +65,527
98 T. Rowe Price Investment Management, Inc. 0.01% of their portfolio BALTIMORE, MD 140,993141.0k $11.2m $11.2m 0.01% Reduced -547.5k -547,544
99 TOKIO MARINE ASSET MANAGEMENT CO LTD 0.85% of their portfolio Tokyo, M0 137,000137.0k $10.8m $10.8m 0.85% New
100 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 134,373134.4k $10.6m $10.6m 0.01% Added +101.4k +101,437