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 ($19.6m this quarter). Holder counts are more reliable. Shares outstanding: 60.5m as of 2023-04-28, 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 ≈ $145.66. Options: 13 managers hold calls ($59.1m notional), 13 hold puts ($31.3m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 500 |
| Q4 2022 | 523 |
| Q1 2023 | 497 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 239 | 242 |
| Q1 2023 | 245 | 236 |
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 |
| Q1 2023 | $59.1m | $31.3m | 0.53 |
Biggest buyers
| Invesco Ltd. | Added | +692.4k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Added | +450.7k |
| Pacer Advisors, Inc. | Added | +236.1k |
| Amundi | Added | +221.5k |
| AQR CAPITAL MANAGEMENT LLC | Added | +205.1k |
| BlackRock Inc. | Added | +163.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +160.2k |
| FIRST TRUST ADVISORS LP | Added | +156.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +154.4k |
| DEUTSCHE BANK AG\ | Added | +141.8k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -1.3m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -512.6k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -360.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -331.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Reduced | -240.7k |
| Swedbank AB | Reduced | -237.4k |
| MORGAN STANLEY | Reduced | -143.1k |
| KBC Group NV | Reduced | -138.0k |
| Woodline Partners LP | Reduced | -125.7k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -113.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $15.9m109.3k shares |
| CITADEL ADVISORS LLC | Reduced | $11.6m79.8k shares |
| FIFTH LANE CAPITAL, LP | New | $10.9m75.0k shares |
| Balyasny Asset Management L.P. | New | $7.3m50.0k shares |
| JANE STREET GROUP, LLC | Added | $5.4m37.2k shares |
| Walleye Trading LLC | Reduced | $3.4m23.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.7m11.6k shares |
| WOLVERINE TRADING, LLC | New | $974.0k6.8k shares |
| TWO SIGMA SECURITIES, LLC | Added | $772.2k5.3k shares |
| GROUP ONE TRADING LLC | Reduced | $728.5k5.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $10.6m73.0k shares |
| CITADEL ADVISORS LLC | Reduced | $9.2m63.4k shares |
| JANE STREET GROUP, LLC | New | $3.4m23.2k shares |
| Walleye Trading LLC | Added | $2.4m16.8k shares |
| Squarepoint Ops LLC | Reduced | $1.4m9.9k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $1.1m7.3k shares |
| WOLVERINE TRADING, LLC | New | $903.0k6.3k shares |
| TWO SIGMA SECURITIES, LLC | Added | $845.0k5.8k shares |
| SIMPLEX TRADING, LLC | Added | $757.0k5.2k shares |
| GROUP ONE TRADING LLC | Added | $364.2k2.5k 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 Q1 2023
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 |
|---|---|---|---|---|---|
| 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 | — |
| Q1 2023 | 0 | — | 5 | $1.5m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-03-14 | WHITE ANA MARIA EVP and Chief People Officer | Sold | $23.6k170 shares |
| 2023-03-03 | Locoh-Donou Francois President, CEO & Director, director | Sold | $320.3k2.2k shares |
| 2023-03-01 | WHALEN CHAD MICHAEL EVP, Worldwide Sales | Sold | $36.8k259 shares |
| 2023-02-14 | WHITE ANA MARIA EVP and Chief People Officer | Sold | $24.9k170 shares |
| 2023-02-03 | Locoh-Donou Francois President, CEO & Director, director | Sold | $339.1k2.2k shares |
| 2023-02-02 | Yamamoto Mika EVP, Chief Marketing Officer | Sold | $244.2k1.6k shares |
| 2023-02-02 | FOUNTAIN THOMAS DEAN EVP Global Services & Strategy | Sold | $175.1k1.2k shares |
| 2023-02-02 | WHALEN CHAD MICHAEL EVP, Worldwide Sales | Sold | $39.2k259 shares |
| 2023-01-17 | WHITE ANA MARIA EVP and Chief People Officer | Sold | $24.9k170 shares |
| 2023-01-03 | Locoh-Donou Francois President, CEO & Director, director | Sold | $317.4k2.2k 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, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 7.1m $1.0bn | Added +63.9k |
| BlackRock Inc. 0.03% of their portfolio | 5.8m $851.8m | Added +163.5k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 3.15% of their portfolio | 5.6m $815.6m | Added +450.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.14% of their portfolio | 4.8m $693.6m | Reduced -360.2k |
| STATE STREET CORP 0.02% of their portfolio | 2.9m $419.7m | Added +94.2k |
| Invesco Ltd. 0.09% of their portfolio | 2.3m $337.0m | Added +692.4k |
| AMERICAN CENTURY COMPANIES INC 0.20% of their portfolio | 1.8m $257.5m | Added +22.4k |
| AMERIPRISE FINANCIAL INC 0.07% of their portfolio | 1.5m $224.1m | Added +35.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 1.3m $190.9m | Added +36.4k |
| FIRST TRUST ADVISORS LP 0.21% of their portfolio | 1.2m $178.7m | Added +156.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.20% of their portfolio | 1.0m $147.1m | Reduced -113.6k |
| Swedbank AB 0.28% of their portfolio | 971.4k $141.5m | Reduced -237.4k |
| FRANKLIN RESOURCES INC 0.06% of their portfolio | 752.9k $109.7m | Added +43.2k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 685.3k $99.8m | Reduced -106 |
| LORD, ABBETT & CO. LLC 0.17% of their portfolio | 646.1k $94.1m | Reduced -2.7k |
| Legal & General Group Plc 0.03% of their portfolio | 618.4k $90.1m | Reduced -9.8k |
| MORGAN STANLEY 0.01% of their portfolio | 516.2k $75.2m | Reduced -143.1k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 487.3k $71.0m | Reduced -13.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 486.5k $70.9m | Added +6.1k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.44% of their portfolio | 430.9k $62.8m | Added +1.1k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 424.4k $61.8m | Added +17.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.09% of their portfolio | 419.0k $60.2m | Reduced -4.6k |
| California Public Employees Retirement System 0.05% of their portfolio | 402.6k $58.7m | Reduced -16.8k |
| Amundi 0.03% of their portfolio | 390.6k $57.5m | Added +221.5k |
| AQR CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 390.6k $56.2m | Added +205.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 389.6k $56.8m | Added +87.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 383.2k $55.8m | Reduced -331.9k |
| Mariner, LLC 0.14% of their portfolio | 337.1k $49.1m | Added +54.8k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 331.2k $48.2m | Added +141.8k |
| ETF MANAGERS GROUP, LLC 1.52% of their portfolio | 323.9k $47.2m | Reduced -5.2k |
| FMR LLC 0.00% of their portfolio | 290.4k $42.3m | Added +104.9k |
| TRUIST FINANCIAL CORP 0.07% of their portfolio | 286.1k $41.7m | Reduced -25.8k |
| Boston Trust Walden Corp 0.36% of their portfolio | 282.5k $41.2m | Added +45.4k |
| Retirement Systems of Alabama 0.17% of their portfolio | 265.3k $38.6m | Added +33.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.23% of their portfolio | 257.9k $37.6m | Added +58.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 254.1k $37.0m | Added +4.9k |
| Swiss National Bank 0.02% of their portfolio | 239.0k $34.8m | Reduced -3.1k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 238.9k $34.8m | Added +14.7k |
| Pacer Advisors, Inc. 0.15% of their portfolio | 237.6k $34.6m | Added +236.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.07% of their portfolio | 225.2k $32.8m | Reduced -240.7k |
| BARCLAYS PLC 0.03% of their portfolio | 219.7k $32.0m | Reduced -29.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio | 218.7k $31.9m | Added +154.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.15% of their portfolio | 204.3k $29.8m | Added +160.2k |
| Robeco Institutional Asset Management B.V. 0.08% of their portfolio | 202.5k $29.5m | Reduced -5.4k |
| APG Asset Management N.V. 0.06% of their portfolio | 200.7k $26.9m | Reduced -378 |
| NORGES BANK 0.01% of their portfolio | 189.6k $27.6m | Added +95.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 187.0k $27.2m | Reduced -2.3k |
| Qube Research & Technologies Ltd 0.15% of their portfolio | 184.8k $26.9m | Added +59.2k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 171.7k $25.0m | Added +118.0k |
| CREDIT SUISSE AG/ 0.03% of their portfolio | 170.5k $24.8m | Added +49.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 157.1k $22.9m | Reduced -1.3m |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 150.0k $21.9m | Added +373 |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 144.9k $21.1m | Added +6.3k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 130.9k $19.1m | Reduced -512.6k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 128.0k $18.7m | Reduced -5.1k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 125.4k $18.3m | Added +955 |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 123.8k $18.0m | Reduced -16.5k |
| Varma Mutual Pension Insurance Co 0.21% of their portfolio | 119.8k $17.5m | Unchanged |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 119.6k $17.4m | Reduced -729 |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 117.0k $17.0m | Reduced -76.0k |
| UBS Group AG 0.01% of their portfolio | 107.2k $15.6m | Added +29.4k |
| Invenomic Capital Management LP 0.89% of their portfolio | 106.8k $15.6m | Added +58.1k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 104.4k $15.2m | Added +13.0k |
| INTECH INVESTMENT MANAGEMENT LLC 0.12% of their portfolio | 103.1k $15.0m | Added +22.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 99.0k $14.4m | Added +4 |
| CITIGROUP INC 0.02% of their portfolio | 95.6k $13.9m | Added +14.3k |
| Leeward Investments, LLC - MA 0.62% of their portfolio | 93.1k $13.6m | Reduced -1.6k |
| OSSIAM 0.28% of their portfolio | 92.6k $13.5m | Reduced -832 |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.25% of their portfolio | 86.8k $12.6m | Reduced -50 |
| Mirae Asset Global Investments Co., Ltd. 0.03% of their portfolio | 84.0k $12.2m | Added +55.4k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 81.2k $11.8m | Added +818 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 80.9k $11.8m | Reduced -4.3k |
| AVIVA PLC 0.05% of their portfolio | 79.9k $11.6m | Added +37.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 79.3k $11.6m | Added +7.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 79.0k $11.5m | Added +2.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 78.0k $11.4m | Added +1.8k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 76.7k $11.2m | Added +11.1k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.06% of their portfolio | 74.9k $10.9m | Reduced -93 |
| S&T Bank/PA 1.86% of their portfolio | 70.9k $10.3m | Added +1.2k |
| WESTPAC BANKING CORP 0.14% of their portfolio | 70.4k $10.3m | Reduced -5.9k |
| ACADIAN ASSET MANAGEMENT LLC 0.04% of their portfolio | 69.6k $10.1m | Added +69.5k |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 68.4k $10.0m | Added +60.5k |
| Nepsis Inc. 3.31% of their portfolio | 68.3k $9.9m | Added +22.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 67.0k $9.8m | Reduced -4.7k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 65.9k $9.6m | Added +273 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 65.0k $9.5m | Reduced -674 |
| Skandinaviska Enskilda Banken AB (publ) 0.07% of their portfolio | 64.7k $9.4m | Added +7.8k |
| WILKINS INVESTMENT COUNSEL INC 2.45% of their portfolio | 64.1k $9.3m | Added +863 |
| Ensign Peak Advisors, Inc 0.02% of their portfolio | 63.4k $9.2m | Added +4.9k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.09% of their portfolio | 63.3k $9.2m | Reduced -99.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 61.8k $9.0m | Reduced -11.0k |
| FEDERATED HERMES, INC. 0.02% of their portfolio | 59.9k $8.7m | Added +34.2k |
| Penserra Capital Management LLC 0.18% of their portfolio | 58.3k $8.5m | Reduced -3.5k |
| Illinois Municipal Retirement Fund 0.18% of their portfolio | 57.8k $8.4m | Added +14.0k |
| Touchstone Capital, Inc. 9.16% of their portfolio | 57.0k $8.3m | Reduced -2.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 56.6k $8.2m | Added +28.0k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 56.5k $8.2m | Added +45.5k |
| GRIMES & Co WEALTH MANAGEMENT, LLC 0.32% of their portfolio | 54.2k $7.9m | Added +1.4k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 53.2k $8.0m | Added +1.3k |
| Force Hill Capital Management LP 2.01% of their portfolio | 53.0k $7.7m | New |