Vault-13

CYBERARK SOFTWARE LTD CYBR 0 11.15.24

NOTE 11/1 · US DOMESTIC · CUSIP 23248VAB1

53 institutional holders -17 vs Q4 2023
32,129,52732.1m shares reported held*
$961.2mreported value*
4 new 13 added 25 reduced 21 sold out net bought ≈ $104.1m (-41.2m 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 ($22.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $30.61.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 58Q4 22: 60Q1 23: 57Q2 23: 68Q3 23: 70Q4 23: 70Q1 24: 5353Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202258
Q4 202260
Q1 202357
Q2 202368
Q3 202370
Q4 202370
Q1 202453

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 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 23Q1 24: 17 bought or addedQ1 24: 46 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222324
Q1 20232527
Q2 20232624
Q3 20232324
Q4 20232833
Q1 20241746

Biggest buyers

Linden Advisors LP Added +78,572,000+78.6m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +66,290,000+66.3m
MILLENNIUM MANAGEMENT LLC New +30,000,000+30.0m
MOORE CAPITAL MANAGEMENT, LP Added +20,585,000+20.6m
Verition Fund Management LLC Added +13,039,788+13.0m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +10,100,000+10.1m
DeepCurrents Investment Group LLC Added +9,000,000+9.0m
MORGAN STANLEY Added +6,258,000+6.3m
BANK OF AMERICA CORP /DE/ New +3,269,000+3.3m
VOYA INVESTMENT MANAGEMENT LLC Added +1,005,000+1.0m

Biggest sellers

III Capital Management Sold out -27,817,000-27.8m
Calamos Advisors LLC Reduced -20,399,000-20.4m
Nuveen Asset Management, LLC Sold out -20,000,000-20.0m
LORD, ABBETT & CO. LLC Reduced -13,136,000-13.1m
STEELHEAD PARTNERS LLC Sold out -10,000,000-10.0m
MIZUHO SECURITIES USA LLC Sold out -8,427,000-8.4m
BANK OF MONTREAL /CAN/ Reduced -8,297,000-8.3m
GOLDMAN SACHS GROUP INC Sold out -8,090,000-8.1m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Reduced -7,450,000-7.5m
JPMORGAN CHASE & CO Reduced -7,360,000-7.4m

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.53% of their portfolio New York, NY 113,152,000113.2m $192.8m $192.8m 1.53% Added +78.6m +78,572,000
2 TENOR CAPITAL MANAGEMENT Co., L.P. 2.50% of their portfolio NEW YORK, NY 91,890,00091.9m $156.5m $156.5m 2.50% Added +66.3m +66,290,000
3 MOORE CAPITAL MANAGEMENT, LP 1.69% of their portfolio NEW YORK, NY 48,477,00048.5m $82.4m $82.4m 1.69% Added +20.6m +20,585,000
4 Calamos Advisors LLC 0.35% of their portfolio NAPERVILLE, IL 42,566,00042.6m $72.4m $72.4m 0.35% Reduced -20.4m -20,399,000
5 DeepCurrents Investment Group LLC 2.92% of their portfolio NEW YORK, NY 41,410,00041.4m $70.6m $70.6m 2.92% Added +9.0m +9,000,000
6 CAPSTONE INVESTMENT ADVISORS, LLC 1.15% of their portfolio NEW YORK, NY 36,345,00036.3m $62.1m $62.1m 1.15% Reduced -3.0m -3,000,000
7 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 30,000,00030.0m $51.1m $51.1m 0.04% New
8 LORD, ABBETT & CO. LLC 0.08% of their portfolio JERSEY CITY, NJ 27,672,00027.7m $47.2m $47.2m 0.08% Reduced -13.1m -13,136,000
9 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 18,095,00018.1m $30.9m $30.9m 0.03% Added +1.0m +1,005,000
10 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 14,600,00014.6m $24.8m $24.8m 0.04% Added +10.1m +10,100,000
11 Verition Fund Management LLC 0.21% of their portfolio GREENWICH, CT 13,050,00013.1m $22.3m $22.3m 0.21% Added +13.0m +13,039,788
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,957,00012.0m $20.3m $20.3m 0.00% Reduced -800.0k -800,000
13 ADVENT CAPITAL MANAGEMENT /DE/ 0.39% of their portfolio NEW YORK, NY 9,044,0009.0m $15.5m $15.5m 0.39% Reduced -5.1m -5,059,000
14 Walleye Capital LLC 0.17% of their portfolio NEW YORK, NY 9,000,0009.0m $15.4m $15.4m 0.17% Unchanged
15 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,432,0008.4m $14.6m $14.6m 0.00% Reduced -7.4m -7,360,000
16 M&G PLC 0.07% of their portfolio London, X0 7,220,0007.2m $12.3m $12.3m 0.07% First filing
17 SSI INVESTMENT MANAGEMENT LLC 0.83% of their portfolio Los Angeles, CA 6,425,0006.4m $10.9m $10.9m 0.83% Reduced -1.8m -1,800,000
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,264,0006.3m $10.7m $10.7m 0.00% Added +6.3m +6,258,000
19 SHENKMAN CAPITAL MANAGEMENT INC 0.66% of their portfolio NEW YORK, NY 5,342,0005.3m $9.4m $9.4m 0.66% Reduced -2.5m -2,475,000
20 FMR LLC 0.00% of their portfolio BOSTON, MA 4,900,0004.9m $8.3m $8.3m 0.00% Unchanged
21 BlackRock Inc. 0.00% of their portfolio New York, NY 4,775,0004.8m $8.1m $8.1m 0.00% Added +900.0k +900,000
22 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 3,500,0003.5m $6.0m $6.0m 0.02% Added +300.0k +300,000
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,269,0003.3m $5.6m $5.6m 0.00% New
24 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 2,585,0002.6m $4.4m $4.4m 0.00% Reduced -2.7m -2,706,000
25 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,316,0002.3m $3.9m $3.9m 0.00% Reduced -1.4m -1,400,000
26 Nicholas Investment Partners, LP 0.37% of their portfolio RANCHO SANTA FE, CA 2,100,0002.1m $3.6m $3.6m 0.37% Unchanged
27 PALISADE CAPITAL MANAGEMENT, LP 0.09% of their portfolio FORT LEE, NJ 2,051,0002.1m $3.5m $3.5m 0.09% Reduced -104.0k -104,000
28 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,657,0001.7m $2.8m $2.8m 0.00% Reduced -1.0m -1,001,000
29 JUPITER ASSET MANAGEMENT LTD 0.02% of their portfolio London, X0 1,000,0001.0m $1.7m $1.7m 0.02% Reduced -700.0k -700,000
30 Liberty Mutual Group Asset Management Inc. 0.27% of their portfolio Boston, MA 550,000550.0k $937.0k $937.0k 0.27% Reduced -900.0k -900,000
31 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 507,000507.0k $594.2k $594.2k 0.00% Reduced -960.0k -960,000
32 Calamos Wealth Management LLC 0.04% of their portfolio NAPERVILLE, IL 408,000408.0k $694.4k $694.4k 0.04% Reduced -420.0k -420,000
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 396,000396.0k $673.9k $673.9k 0.00% New
34 Central Pacific Bank - Trust Division 0.07% of their portfolio HONOLULU, HI 346,000346.0k $585.3k $585.3k 0.07% First filing
35 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $519.5k $519.5k 0.00% Unchanged
36 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 250,000250.0k $426.3k $426.3k 0.00% Reduced -7.5m -7,450,000
37 Amundi 0.00% of their portfolio Paris, I0 231,000231.0k $351.7k $351.7k 0.00% Reduced -2.0m -2,049,000
38 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 186,000186.0k $317.8k $317.8k 0.00% Added +22.0k +22,000
39 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 173,000173.0k $294.7k $294.7k 0.01% Reduced -47.0k -47,000
40 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 100,000100.0k $173.2k $173.2k 0.00% Reduced -2.6m -2,590,000
41 Fox Hill Wealth Management 0.05% of their portfolio DEDHAM, MA 47,00047.0k $80.0k $80.0k 0.05% Added +4.0k +4,000
42 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 33,00033.0k $56.2k $56.2k 0.00% Unchanged
43 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 32,00032.0k $54.5k $54.5k 0.00% Added +10.0k +10,000
44 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 22,00022.0k $3.8m $3.8m 0.02% Reduced -20.0k -20,000
45 Virtus Investment Advisers, LLC 0.02% of their portfolio HARTFORD, CT 20,00020.0k $34.1k $34.1k 0.02% New
46 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 17,00017.0k $28.9k $28.9k 0.00% Reduced -3.9m -3,916,000
47 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 17,00017.0k $29.0k $29.0k 0.00% Unchanged
48 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 15,00015.0k $25.6k $25.6k 0.00% Unchanged
49 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 15,00015.0k $25.6k $25.6k 0.00% Reduced -4.0k -4,000
50 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 13,52713.5k $3.6m $3.6m 0.01% Reduced -1.7k -1,746
51 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,0003.0k $5.2k $5.2k 0.00% Reduced -8.3m -8,297,000
52 Alken Asset Management Ltd 0.05% of their portfolio LONDON, X0 1,2001.2k $2.0k $2.0k 0.05% Unchanged
53 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged