Vault-13

CYBERARK SOFTWARE LTD CYBR 0 11.15.24

NOTE 11/1 · US DOMESTIC · CUSIP 23248VAB1

70 institutional holders +0 vs Q3 2023
73,290,27373.3m shares reported held*
$737.9mreported value*
9 new 19 added 21 reduced 12 sold out net bought ≈ $30.8m (+34.8m 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 ($14.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.27.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 58Q4 22: 60Q1 23: 57Q2 23: 68Q3 23: 70Q4 23: 7070Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202258
Q4 202260
Q1 202357
Q2 202368
Q3 202370
Q4 202370

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 23 bought or addedQ4 22: 24 cut or sold outQ4 22Q1 23: 25 bought or addedQ1 23: 27 cut or sold outQ1 23Q2 23: 26 bought or addedQ2 23: 24 cut or sold outQ2 23Q3 23: 23 bought or addedQ3 23: 24 cut or sold outQ3 23Q4 23: 28 bought or addedQ4 23: 33 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222324
Q1 20232527
Q2 20232624
Q3 20232324
Q4 20232833

Biggest buyers

Linden Advisors LP New +34,580,000+34.6m
MOORE CAPITAL MANAGEMENT, LP New +27,892,000+27.9m
III Capital Management Added +26,567,000+26.6m
TENOR CAPITAL MANAGEMENT Co., L.P. New +25,600,000+25.6m
LORD, ABBETT & CO. LLC Added +23,509,000+23.5m
CAPSTONE INVESTMENT ADVISORS, LLC Added +23,500,000+23.5m
JPMORGAN CHASE & CO Added +9,244,000+9.2m
Walleye Capital LLC New +9,000,000+9.0m
MIZUHO SECURITIES USA LLC New +8,427,000+8.4m
GOLDMAN SACHS GROUP INC New +8,090,000+8.1m

Biggest sellers

Lombard Odier Asset Management (Europe) Ltd Sold out -27,733,000-27.7m
SILVERBACK ASSET MANAGEMENT LLC Sold out -26,493,000-26.5m
ZAZOVE ASSOCIATES LLC Sold out -21,695,000-21.7m
GOLDMAN SACHS GROUP INC Reduced -19,541,000-19.5m
STEELHEAD PARTNERS LLC Reduced -18,000,000-18.0m
LORD, ABBETT & CO. LLC Sold out -17,299,000-17.3m
MILLENNIUM MANAGEMENT LLC Sold out -14,311,000-14.3m
VOYA INVESTMENT MANAGEMENT LLC Reduced -12,500,000-12.5m
M&G INVESTMENT MANAGEMENT LTD Reduced -5,817,000-5.8m
Invesco Ltd. Reduced -5,650,000-5.7m

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Calamos Advisors LLC 0.46% of their portfolio NAPERVILLE, IL 62,965,00063.0m $89.3m $89.3m 0.46% Reduced -2.5m -2,549,000
2 LORD, ABBETT & CO. LLC 0.10% of their portfolio JERSEY CITY, NJ 40,808,00040.8m $57.9m $57.9m 0.10% Added +23.5m +23,509,000
3 CAPSTONE INVESTMENT ADVISORS, LLC 0.97% of their portfolio NEW YORK, NY 39,345,00039.3m $55.9m $55.9m 0.97% Added +23.5m +23,500,000
4 Linden Advisors LP 0.47% of their portfolio New York, NY 34,580,00034.6m $49.0m $49.0m 0.47% New
5 DeepCurrents Investment Group LLC 1.77% of their portfolio NEW YORK, NY 32,410,00032.4m $46.0m $46.0m 1.77% Added +5.0m +5,000,000
6 MOORE CAPITAL MANAGEMENT, LP 0.95% of their portfolio NEW YORK, NY 27,892,00027.9m $39.5m $39.5m 0.95% New
7 III Capital Management 2.28% of their portfolio BOCA RATON, FL 27,817,00027.8m $39.4m $39.4m 2.28% Added +26.6m +26,567,000
8 TENOR CAPITAL MANAGEMENT Co., L.P. 0.65% of their portfolio NEW YORK, NY 25,600,00025.6m $36.3m $36.3m 0.65% New
9 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 20,000,00020.0m $2.9m $2.9m 0.00% Added +1.0m +1,000,000
10 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 17,090,00017.1m $24.3m $24.3m 0.03% Reduced -12.5m -12,500,000
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 15,792,00015.8m $22.5m $22.5m 0.00% Added +9.2m +9,244,000
12 ADVENT CAPITAL MANAGEMENT /DE/ 0.46% of their portfolio NEW YORK, NY 14,103,00014.1m $20.0m $20.0m 0.46% Reduced -1.3m -1,293,000
13 M&G INVESTMENT MANAGEMENT LTD 0.11% of their portfolio London, X0 13,484,00013.5m $19.1m $19.1m 0.11% Reduced -5.8m -5,817,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,757,00012.8m $18.1m $18.1m 0.00% Reduced -1.5m -1,500,000
15 STEELHEAD PARTNERS LLC 0.74% of their portfolio SEATTLE, WA 10,000,00010.0m $14.2m $14.2m 0.74% Reduced -18.0m -18,000,000
16 Walleye Capital LLC 0.18% of their portfolio NEW YORK, NY 9,000,0009.0m $12.8m $12.8m 0.18% New
17 MIZUHO SECURITIES USA LLC 0.28% of their portfolio NEW YORK, NY 8,427,0008.4m $11.9m $11.9m 0.28% New
18 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 8,300,0008.3m $11.8m $11.8m 0.00% Added +6.8m +6,800,000
19 SSI INVESTMENT MANAGEMENT LLC 0.88% of their portfolio Los Angeles, CA 8,225,0008.2m $11.6m $11.6m 0.88% Added +4.1m +4,114,000
20 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 8,090,0008.1m $11.5m $11.5m 0.00% New
21 SHENKMAN CAPITAL MANAGEMENT INC 0.81% of their portfolio NEW YORK, NY 7,817,0007.8m $11.2m $11.2m 0.81% Reduced -4.5m -4,523,000
22 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 7,700,0007.7m $11.0m $11.0m 0.01% Unchanged
23 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 5,291,0005.3m $7.5m $7.5m 0.00% Added +2.3m +2,301,000
24 Davidson Kempner Capital Management LP 0.12% of their portfolio New York, NY 5,000,0005.0m $7.1m $7.1m 0.12% Not comparable
25 FMR LLC 0.00% of their portfolio BOSTON, MA 4,900,0004.9m $6.9m $6.9m 0.00% Unchanged
26 LBP AM SA 0.15% of their portfolio Paris, I0 4,700,0004.7m $6.7m $6.7m 0.15% Added +1.7m +1,700,000
27 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 4,500,0004.5m $6.4m $6.4m 0.01% Added +3.5m +3,500,000
28 ABSOLUTE INVESTMENT ADVISERS, LLC 0.83% of their portfolio ROSEMARY BEACH, FL 4,000,0004.0m $5.7m $5.7m 0.83% Reduced -5.0m -5,000,000
29 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 3,933,0003.9m $5.6m $5.6m 0.00% Added +3.4m +3,390,000
30 BlackRock Inc. 0.00% of their portfolio New York, NY 3,875,0003.9m $5.5m $5.5m 0.00% Unchanged
31 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 3,716,0003.7m $5.3m $5.3m 0.00% Reduced -5.7m -5,650,000
32 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 3,200,0003.2m $4.5m $4.5m 0.01% Unchanged
33 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,690,0002.7m $3.8m $3.8m 0.00% Added +900.0k +900,000
34 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 2,658,0002.7m $3.8m $3.8m 0.01% Added +1.4m +1,390,000
35 PIER 88 INVESTMENT PARTNERS LLC 0.85% of their portfolio SAN FRANCISCO, CA 2,385,0002.4m $3.4m $3.4m 0.85% Reduced -1.7m -1,690,000
36 RWC Asset Management LLP 0.20% of their portfolio LONDON, X0 2,300,0002.3m $3.3m $3.3m 0.20% Reduced -2.7m -2,700,000
37 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,295,0002.3m $3.3m $3.3m 0.00% Added +250.0k +250,000
38 Amundi 0.00% of their portfolio Paris, I0 2,280,0002.3m $3.2m $3.2m 0.00% Unchanged
39 RATIONAL ADVISORS, INC. 0.31% of their portfolio San Juan, PR 2,185,0002.2m $3.1m $3.1m 0.31% Reduced -1.7m -1,690,000
40 PALISADE CAPITAL MANAGEMENT, LP 0.08% of their portfolio FORT LEE, NJ 2,155,0002.2m $3.1m $3.1m 0.08% Reduced -400.0k -400,000
41 Nicholas Investment Partners, LP 0.35% of their portfolio RANCHO SANTA FE, CA 2,100,0002.1m $3.0m $3.0m 0.35% Unchanged
42 Man Group plc 0.01% of their portfolio LONDON, X0 2,035,0002.0m $2.9m $2.9m 0.01% Reduced -250.0k -250,000
43 JUPITER ASSET MANAGEMENT LTD 0.02% of their portfolio London, X0 1,700,0001.7m $2.4m $2.4m 0.02% Reduced -800.0k -800,000
44 BOOTHBAY FUND MANAGEMENT, LLC 0.08% of their portfolio NEW YORK, NY 1,626,0001.6m $2.3m $2.3m 0.08% Added +1.6m +1,566,000
45 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 1,570,0001.6m $2.2m $2.2m 0.00% Reduced -900.0k -900,000
46 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 1,467,0001.5m $1.7m $1.7m 0.00% Reduced -2.3m -2,333,000
47 Liberty Mutual Group Asset Management Inc. 0.59% of their portfolio Boston, MA 1,450,0001.4m $2.1m $2.1m 0.59% Unchanged
48 GROUPAMA ASSET MANAGMENT 0.04% of their portfolio PARIS, I0 1,000,0001.0m $1.4m $1.4m 0.04% First filing
49 Calamos Wealth Management LLC 0.07% of their portfolio NAPERVILLE, IL 828,000828.0k $1.2m $1.2m 0.07% Reduced -31.0k -31,000
50 Warberg Asset Management LLC 0.33% of their portfolio WINNETKA, IL 775,000775.0k $1.1m $1.1m 0.33% New
51 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 500,000500.0k $710.0k $710.0k 0.00% Unchanged
52 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $427.5k $427.5k 0.00% Unchanged
53 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 220,000220.0k $311.5k $311.5k 0.01% Added +84.0k +84,000
54 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 164,000164.0k $233.0k $233.0k 0.00% Added +54.0k +54,000
55 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 159,000159.0k $224.8k $224.8k 0.00% Reduced -95.0k -95,000
56 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 55,00055.0k $77.9k $77.9k 0.00% Unchanged
57 Fox Hill Wealth Management 0.05% of their portfolio DEDHAM, MA 43,00043.0k $60.9k $60.9k 0.05% First filing
58 SG Americas Securities, LLC 0.07% of their portfolio NEW YORK, NY 42,00042.0k $6.0m $6.0m 0.07% Unchanged
59 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 33,00033.0k $46.7k $46.7k 0.00% New
60 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 22,00022.0k $31.2k $31.2k 0.00% Reduced -19.5m -19,541,000
61 Virtus Investment Advisers, LLC 0.02% of their portfolio HARTFORD, CT 20,00020.0k $28.3k $28.3k 0.02% New
62 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 19,00019.0k $26.9k $26.9k 0.00% Unchanged
63 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 17,00017.0k $24.1k $24.1k 0.00% Unchanged
64 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 15,27315.3k $3.3m $3.3m 0.01% Unchanged
65 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 15,00015.0k $21.2k $21.2k 0.00% Unchanged
66 Verition Fund Management LLC 0.15% of their portfolio GREENWICH, CT 10,21210.2k $14.5m $14.5m 0.15% Added +1.4k +1,446
67 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,0006.0k $8.5k $8.5k 0.00% Reduced -633.0k -633,000
68 Alken Asset Management Ltd 5.74% of their portfolio LONDON, X0 1,2001.2k $1.7m $1.7m 5.74% Unchanged
69 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,0001.0k $1.4k $1.4k 0.00% Unchanged
70 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged