F5 INC FFIV
COM · Common Stock · CUSIP 315616102 · ISIN US3156161024
Multi-cloud cybersecurity and application delivery company
* 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 ($25.5m this quarter). Holder counts are more reliable. Shares outstanding: 60.1m as of 2023-01-27, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $143.50. Options: 14 managers hold calls ($41.6m notional), 12 hold puts ($23.7m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 500 |
| Q4 2022 | 523 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $44.7m | $24.4m | 0.55 |
| Q4 2022 | $41.6m | $23.7m | 0.57 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +549.1k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Added | +370.9k |
| LORD, ABBETT & CO. LLC | Added | +324.0k |
| BlackRock Inc. | Added | +261.1k |
| Woodline Partners LP | New | +164.9k |
| VANGUARD GROUP INC | Added | +159.2k |
| WESTFIELD CAPITAL MANAGEMENT CO LP | Added | +156.4k |
| MORGAN STANLEY | Added | +124.3k |
| HSBC HOLDINGS PLC | Added | +113.2k |
| Qube Research & Technologies Ltd | Added | +112.7k |
Biggest sellers
| Holocene Advisors, LP | Sold out | -703.4k |
| Point72 Asset Management, L.P. | Reduced | -320.0k |
| Bank of New York Mellon Corp | Reduced | -316.1k |
| CITADEL ADVISORS LLC | Reduced | -279.5k |
| JANUS HENDERSON GROUP PLC | Reduced | -262.0k |
| Public Sector Pension Investment Board | Reduced | -181.0k |
| JPMORGAN CHASE & CO | Reduced | -174.4k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -173.0k |
| NATIXIS | Reduced | -172.9k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -144.4k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $13.5m93.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.6m67.2k shares |
| Squarepoint Ops LLC | Unchanged | $6.4m44.9k shares |
| Walleye Trading LLC | Added | $3.8m26.8k shares |
| JANE STREET GROUP, LLC | Added | $3.5m24.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.4m16.7k shares |
| GROUP ONE TRADING LLC | Reduced | $846.7k5.9k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $688.8k4.8k shares |
| TWO SIGMA SECURITIES, LLC | Reduced | $401.8k2.8k shares |
| PEAK6 Investments LLC | Reduced | $358.8k2.5k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $10.2m70.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.4m37.4k shares |
| Squarepoint Ops LLC | Added | $5.3m36.9k shares |
| PEAK6 Investments LLC | Reduced | $932.8k6.5k shares |
| Walleye Trading LLC | Reduced | $789.3k5.5k shares |
| TWO SIGMA SECURITIES, LLC | Reduced | $401.8k2.8k shares |
| Verition Fund Management LLC | Reduced | $215.3k1.5k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $200.9k1.4k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $172.2k1.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $114.0k800 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 |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
Fell to 5% or below in the last year: HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC (3.6%, 2026-08-12), VANGUARD PORTFOLIO MANAGEMENT LLC (5.0%, 2026-07-31; now reported by VANGUARD CAPITAL MANAGEMENT LLC), FIRST TRUST PORTFOLIOS LP (2.9%, 2026-04-30), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2022
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 |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 7 | $10.9m | — |
| Q1 2022 | 0 | — | 8 | $3.4m | — |
| Q2 2022 | 0 | — | 9 | $1.5m | — |
| Q3 2022 | 0 | — | 7 | $1.4m | — |
| Q4 2022 | 0 | — | 6 | $4.1m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2022-12-14 | WHITE ANA MARIA EVP and Chief People Officer | Sold | $26.2k170 shares |
| 2022-12-09 | Locoh-Donou Francois President, CEO & Director, director | Sold | $1.3m8.5k shares |
| 2022-12-01 | WHALEN CHAD MICHAEL EVP, Worldwide Sales | Sold | $386.4k2.5k shares |
| 2022-11-14 | WHITE ANA MARIA EVP and Chief HR Officer | Sold | $25.5k170 shares |
| 2022-11-11 | Lin Geng EVP, Chief Technology Officer | Sold | $312.1k2.2k shares |
| 2022-11-08 | Lin Geng EVP, Chief Technology Officer | Sold | $239.5k1.7k shares |
| 2022-11-02 | Yamamoto Mika EVP, Chief Marketing Officer | Sold | $768.8k5.4k shares |
| 2022-11-02 | FOUNTAIN THOMAS DEAN EVP Global Services & Strategy | Sold | $674.0k4.8k shares |
| 2022-11-02 | WHALEN CHAD MICHAEL EVP, Worldwide Sales | Sold | $351.9k2.5k shares |
| 2022-10-14 | WHITE ANA MARIA EVP and Chief HR Officer | Sold | $24.2k170 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, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 7.0m $1.0bn | Added +159.2k |
| BlackRock Inc. 0.03% of their portfolio | 5.7m $815.6m | Added +261.1k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 2.84% of their portfolio | 5.1m $738.8m | Added +370.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.15% of their portfolio | 5.1m $734.9m | Reduced -75.7k |
| STATE STREET CORP 0.02% of their portfolio | 2.8m $399.9m | Added +23.6k |
| AMERICAN CENTURY COMPANIES INC 0.20% of their portfolio | 1.7m $250.4m | Added +95.7k |
| Invesco Ltd. 0.07% of their portfolio | 1.6m $232.6m | Added +60.1k |
| AMERIPRISE FINANCIAL INC 0.07% of their portfolio | 1.5m $215.7m | Added +58.8k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 1.4m $203.9m | Reduced -174.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 1.3m $182.9m | Added +39.7k |
| Swedbank AB 0.38% of their portfolio | 1.2m $173.5m | Added +110.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.22% of their portfolio | 1.1m $161.2m | Reduced -144.4k |
| FIRST TRUST ADVISORS LP 0.18% of their portfolio | 1.1m $153.5m | Reduced -137.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 715.0k $102.6m | Reduced -50.4k |
| FRANKLIN RESOURCES INC 0.05% of their portfolio | 709.7k $101.8m | Reduced -101.1k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 685.4k $98.4m | Added +15.9k |
| MORGAN STANLEY 0.01% of their portfolio | 659.4k $94.6m | Added +124.3k |
| LORD, ABBETT & CO. LLC 0.17% of their portfolio | 648.8k $93.1m | Added +324.0k |
| MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio | 643.4k $92.3m | Added +549.1k |
| Legal & General Group Plc 0.03% of their portfolio | 628.2k $90.2m | Reduced -46.6k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 500.7k $71.9m | Reduced -316.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 480.5k $69.0m | Added +20.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.16% of their portfolio | 465.9k $66.9m | Reduced -46.8k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.48% of their portfolio | 429.8k $61.7m | Added +156.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.09% of their portfolio | 423.6k $59.9m | Reduced -11.5k |
| California Public Employees Retirement System 0.05% of their portfolio | 419.4k $60.2m | Reduced -21.2k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 406.7k $58.4m | Added +4.6k |
| ETF MANAGERS GROUP, LLC 2.21% of their portfolio | 329.1k $47.2m | Added +9.7k |
| TRUIST FINANCIAL CORP 0.08% of their portfolio | 311.9k $44.8m | Reduced -23.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 302.5k $43.4m | Reduced -30.8k |
| Mariner, LLC 0.13% of their portfolio | 282.3k $40.5m | Added +9.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 249.2k $35.8m | Added +672 |
| BARCLAYS PLC 0.03% of their portfolio | 249.0k $35.7m | First filing |
| Swiss National Bank 0.02% of their portfolio | 242.1k $34.7m | Reduced -20.0k |
| Boston Trust Walden Corp 0.30% of their portfolio | 237.2k $34.0m | Added +45.0k |
| Retirement Systems of Alabama 0.14% of their portfolio | 231.7k $33.2m | Added +19.4k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 224.3k $32.1m | Added +113.2k |
| Robeco Institutional Asset Management B.V. 0.09% of their portfolio | 207.9k $29.8m | Reduced -2.0k |
| APG Asset Management N.V. 0.05% of their portfolio | 201.1k $28.9m | Added +33.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.19% of their portfolio | 199.2k $28.6m | Added +4.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 192.9k $27.7m | Reduced -33.0k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 189.4k $27.2m | Reduced -56.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 189.3k $27.2m | Reduced -7.0k |
| KBC Group NV 0.13% of their portfolio | 188.0k $27.0m | Added +68.6k |
| FMR LLC 0.00% of their portfolio | 185.5k $26.6m | Added +40.9k |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 185.5k $26.2m | Added +82.1k |
| Amundi 0.01% of their portfolio | 169.1k $24.9m | Added +39.5k |
| Woodline Partners LP 0.33% of their portfolio | 164.9k $23.7m | New |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.25% of their portfolio | 163.0k $23.4m | Reduced -70.6k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 149.6k $21.5m | Reduced -1.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 140.2k $20.1m | Reduced -4.3k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 138.6k $19.9m | Reduced -9.5k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 133.1k $19.1m | Reduced -5.4k |
| Qube Research & Technologies Ltd 0.11% of their portfolio | 125.7k $18.0m | Added +112.7k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 124.4k $17.9m | Added +4.7k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 121.1k $17.4m | Added +20.1k |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 120.3k $17.3m | Reduced -16.2k |
| Varma Mutual Pension Insurance Co 0.24% of their portfolio | 119.8k $17.2m | Unchanged |
| STRS OHIO 0.07% of their portfolio | 105.0k $15.1m | Reduced -24.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 99.0k $14.2m | Added +517 |
| Leeward Investments, LLC - MA 0.60% of their portfolio | 94.7k $13.6m | Reduced -1.5k |
| TODD ASSET MANAGEMENT LLC 0.33% of their portfolio | 94.4k $13.6m | Reduced -81.1k |
| NORGES BANK 0.00% of their portfolio | 94.2k $13.5m | Added +79.8k |
| OSSIAM 0.35% of their portfolio | 93.4k $13.4m | Reduced -5.2k |
| TWINBEECH CAPITAL LP 0.25% of their portfolio | 91.4k $13.1m | New |
| SEI INVESTMENTS CO 0.03% of their portfolio | 91.3k $13.1m | Added +10.9k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.25% of their portfolio | 86.8k $12.5m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 85.3k $12.2m | Added +23.9k |
| CITIGROUP INC 0.02% of their portfolio | 81.3k $11.7m | Added +9.0k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 80.4k $11.5m | Reduced -2.3k |
| INTECH INVESTMENT MANAGEMENT LLC 0.09% of their portfolio | 80.4k $11.5m | Added +17.9k |
| UBS Group AG 0.01% of their portfolio | 77.8k $11.2m | Reduced -49.0k |
| WESTPAC BANKING CORP 0.16% of their portfolio | 76.3k $10.9m | Added +1.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 76.3k $10.9m | Reduced -1.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 76.2k $10.9m | Reduced -6.6k |
| AustralianSuper Pty Ltd 0.08% of their portfolio | 75.3k $10.9m | Reduced -21.1k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.06% of their portfolio | 75.0k $10.8m | Reduced -2.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 72.8k $10.4m | Reduced -173.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 72.1k $10.3m | Reduced -2.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 71.7k $10.3m | Reduced -2.2k |
| S&T Bank/PA 1.85% of their portfolio | 69.7k $10.0m | Reduced -65 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 65.6k $9.4m | Reduced -64 |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 65.6k $9.4m | Reduced -2.9k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 65.6k $9.5m | Reduced -4.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 64.4k $9.2m | Added +58.3k |
| WILKINS INVESTMENT COUNSEL INC 2.39% of their portfolio | 63.2k $9.1m | Added +200 |
| Penserra Capital Management LLC 0.19% of their portfolio | 61.8k $8.9m | Reduced -13.1k |
| ExodusPoint Capital Management, LP 0.13% of their portfolio | 59.8k $8.6m | Added +28.6k |
| Touchstone Capital, Inc. 9.98% of their portfolio | 59.6k $8.5m | Reduced -1.0k |
| Ensign Peak Advisors, Inc 0.02% of their portfolio | 58.5k $8.4m | Added +3.1k |
| Skandinaviska Enskilda Banken AB (publ) 0.06% of their portfolio | 56.9k $8.2m | Added +42.9k |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 54.5k $7.8m | Reduced -33.6k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 53.7k $7.7m | Added +47.0k |
| GRIMES & Co WEALTH MANAGEMENT, LLC 0.32% of their portfolio | 52.8k $7.6m | New |
| COMERICA BANK 0.06% of their portfolio | 52.7k $7.8m | Added +3.6k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 51.9k $7.4m | Added +855 |
| Invenomic Capital Management LP 0.51% of their portfolio | 48.7k $7.0m | Added +27.8k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 48.7k $7.0m | Added +32.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 47.2k $6.8m | Reduced -1.4k |
| Mitsubishi UFJ Trust & Banking Corp 0.02% of their portfolio | 46.5k $6.7m | Added +1.2k |