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 ($20.4m this quarter). Holder counts are more reliable. Shares outstanding: 59.7m as of 2023-11-07, 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 ≈ $161.15. Options: 16 managers hold calls ($72.5m notional), 15 hold puts ($58.4m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 500 |
| Q4 2022 | 523 |
| Q1 2023 | 497 |
| Q2 2023 | 499 |
| Q3 2023 | 513 |
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 |
| Q2 2023 | 229 | 260 |
| Q3 2023 | 225 | 241 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $41.6m | $23.7m | 0.57 |
| Q1 2023 | $59.1m | $31.3m | 0.53 |
| Q2 2023 | $52.6m | $36.0m | 0.69 |
| Q3 2023 | $72.5m | $58.4m | 0.81 |
Biggest buyers
| Alyeska Investment Group, L.P. | New | +381.5k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +324.9k |
| BANK OF MONTREAL /CAN/ | Added | +217.5k |
| AMERIPRISE FINANCIAL INC | Added | +212.8k |
| MILLENNIUM MANAGEMENT LLC | Added | +190.2k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Added | +168.2k |
| Amundi | Added | +156.7k |
| MARSHALL WACE, LLP | New | +133.3k |
| Retirement Systems of Alabama | Added | +109.7k |
| Swedbank AB | Added | +100.7k |
Biggest sellers
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -692.7k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Reduced | -440.6k |
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -336.9k |
| LORD, ABBETT & CO. LLC | Reduced | -333.6k |
| CITADEL ADVISORS LLC | Reduced | -229.0k |
| NEW YORK STATE COMMON RETIREMENT FUND | Reduced | -166.6k |
| FRANKLIN RESOURCES INC | Reduced | -154.2k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -149.1k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -147.5k |
| TWINBEECH CAPITAL LP | Sold out | -124.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $23.1m143.2k shares |
| Walleye Trading LLC | Added | $20.6m127.9k shares |
| CITADEL ADVISORS LLC | Added | $13.1m81.0k shares |
| PEAK6 Investments LLC | Added | $3.9m23.9k shares |
| SIMPLEX TRADING, LLC | Added | $3.2m20.1k shares |
| JANE STREET GROUP, LLC | Reduced | $2.7m16.7k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.6m9.7k shares |
| TWO SIGMA SECURITIES, LLC | Reduced | $1.5m9.2k shares |
| Walleye Capital LLC | New | $1.2m7.7k shares |
| MILLENNIUM MANAGEMENT LLC | New | $837.9k5.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $15.3m94.9k shares |
| Walleye Trading LLC | Added | $13.5m84.0k shares |
| CITADEL ADVISORS LLC | Added | $11.7m72.9k shares |
| PEAK6 Investments LLC | Added | $4.5m28.2k shares |
| Walleye Capital LLC | New | $3.8m23.8k shares |
| SIMPLEX TRADING, LLC | Added | $3.2m20.1k shares |
| Squarepoint Ops LLC | Unchanged | $1.6m9.9k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $1.4m8.4k shares |
| TWO SIGMA SECURITIES, LLC | Reduced | $999.1k6.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $821.8k5.1k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2023 | 0 | — | 7 | $2.0m | $1.4m |
| Q3 2023 | 0 | — | 5 | $1.5m | $1.5m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-09-05 | Locoh-Donou Francois President, CEO & Director, director | Sold plan | $362.6k2.2k shares |
| 2023-09-05 | WHALEN CHAD MICHAEL EVP, Worldwide Sales | Sold plan | $46.0k279 shares |
| 2023-08-14 | WHITE ANA MARIA EVP and Chief People Officer | Sold | $26.6k170 shares |
| 2023-08-09 | Rogers Scot Frazier EVP and General Counsel | Sold plan | $160.3k1.0k shares |
| 2023-08-09 | WHALEN CHAD MICHAEL EVP, Worldwide Sales | Sold plan | $44.9k280 shares |
| 2023-08-03 | Locoh-Donou Francois President, CEO & Director, director | Sold plan | $347.5k2.2k shares |
| 2023-08-02 | FOUNTAIN THOMAS DEAN EVP Global Services & Strategy | Sold plan | $146.2k919 shares |
| 2023-07-14 | WHITE ANA MARIA EVP and Chief People Officer | Sold plan | $25.2k170 shares |
| 2023-07-03 | Locoh-Donou Francois President, CEO & Director, director | Sold plan | $319.8k2.2k 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, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 7.3m $1.2bn | Added +11.9k |
| BlackRock Inc. 0.03% of their portfolio | 5.8m $927.1m | Reduced -6.0k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 3.38% of their portfolio | 5.5m $889.3m | Reduced -440.6k |
| STATE STREET CORP 0.03% of their portfolio | 2.9m $475.1m | Reduced -66.6k |
| Invesco Ltd. 0.10% of their portfolio | 2.4m $389.2m | Reduced -42.4k |
| AMERIPRISE FINANCIAL INC 0.10% of their portfolio | 1.8m $292.0m | Added +212.8k |
| AMERICAN CENTURY COMPANIES INC 0.21% of their portfolio | 1.7m $272.9m | Reduced -149.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio | 1.5m $243.1m | Reduced -692.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 1.4m $218.0m | Added +5.8k |
| FIRST TRUST ADVISORS LP 0.21% of their portfolio | 1.1m $180.0m | Reduced -43.2k |
| Swedbank AB 0.30% of their portfolio | 1.0m $164.0m | Added +100.7k |
| LYRICAL ASSET MANAGEMENT LP 2.52% of their portfolio | 828.0k $133.4m | Reduced -17.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.22% of their portfolio | 809.1k $130.4m | Reduced -147.5k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.82% of their portfolio | 748.1k $120.6m | Added +44.8k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 709.9k $114.4m | Added +43.7k |
| FRANKLIN RESOURCES INC 0.05% of their portfolio | 636.3k $102.5m | Reduced -154.2k |
| Legal & General Group Plc 0.03% of their portfolio | 588.9k $94.9m | Reduced -2.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 487.8k $78.6m | Added +950 |
| ACADIAN ASSET MANAGEMENT LLC 0.33% of their portfolio | 484.5k $78.1m | Added +324.9k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 471.3k $75.9m | Reduced -1.4k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 468.4k $75.5m | Added +21.5k |
| MORGAN STANLEY 0.01% of their portfolio | 434.9k $70.1m | Reduced -24.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 431.2k $69.5m | Added +48.1k |
| Amundi 0.03% of their portfolio | 399.3k $60.1m | Added +156.7k |
| California Public Employees Retirement System 0.06% of their portfolio | 397.1k $64.0m | Added +2.3k |
| Alyeska Investment Group, L.P. 0.42% of their portfolio | 381.5k $61.5m | New |
| Retirement Systems of Alabama 0.28% of their portfolio | 370.9k $59.8m | Added +109.7k |
| AQR CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 340.6k $54.9m | Added +6.6k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 332.5k $53.6m | Added +43.0k |
| Pacer Advisors, Inc. 0.19% of their portfolio | 314.1k $50.6m | Added +84.7k |
| Boston Trust Walden Corp 0.41% of their portfolio | 301.6k $48.6m | Added +463 |
| TRUIST FINANCIAL CORP 0.08% of their portfolio | 283.8k $45.7m | Reduced -8.9k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 265.1k $42.1m | Added +217.5k |
| D. E. Shaw & Co., Inc. 0.06% of their portfolio | 235.7k $38.0m | Added +90.8k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 231.0k $37.2m | Added +190.2k |
| Balyasny Asset Management L.P. 0.10% of their portfolio | 223.2k $36.0m | Added +81.6k |
| NORGES BANK 0.01% of their portfolio | 219.2k $35.3m | Added +17.9k |
| Robeco Institutional Asset Management B.V. 0.09% of their portfolio | 214.5k $34.6m | Added +23.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 213.6k $34.4m | Added +53.1k |
| Swiss National Bank 0.02% of their portfolio | 194.5k $31.3m | Reduced -22.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.07% of their portfolio | 194.0k $31.3m | Reduced -56.2k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 190.6k $30.7m | Reduced -20.2k |
| APG Asset Management N.V. 0.06% of their portfolio | 185.6k $29.9m | Added +5.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.17% of their portfolio | 182.2k $29.4m | Reduced -65.9k |
| UBS Group AG 0.01% of their portfolio | 182.0k $29.3m | Added +1.8k |
| BARCLAYS PLC 0.02% of their portfolio | 178.3k $28.7m | Reduced -95.2k |
| LORD, ABBETT & CO. LLC 0.05% of their portfolio | 176.9k $28.5m | Reduced -333.6k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.09% of their portfolio | 173.0k $27.9m | Added +168.2k |
| TWO SIGMA ADVISERS, LP 0.07% of their portfolio | 171.4k $27.6m | Added +87.4k |
| CREDIT SUISSE AG/ 0.03% of their portfolio | 166.4k $26.8m | Added +8.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 166.1k $26.8m | Added +21.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.13% of their portfolio | 161.7k $26.1m | Reduced -42.1k |
| Skandinaviska Enskilda Banken AB (publ) 0.16% of their portfolio | 155.1k $25.0m | Added +76.4k |
| TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio | 152.5k $24.6m | Added +89.1k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 152.3k $24.5m | Added +2.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 151.3k $24.4m | Reduced -2.2k |
| Woodline Partners LP 0.28% of their portfolio | 147.2k $23.7m | Reduced -71.0k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 143.4k $23.1m | Reduced -5.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 139.1k $22.4m | Added +10.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 136.6k $22.0m | Reduced -16.0k |
| MARSHALL WACE, LLP 0.05% of their portfolio | 133.3k $21.5m | New |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 126.8k $20.4m | Added +1.4k |
| Bridgewater Associates, LP 0.12% of their portfolio | 119.3k $19.2m | Added +66.7k |
| CITIGROUP INC 0.03% of their portfolio | 114.3k $18.4m | Added +11.9k |
| TORONTO DOMINION BANK 0.01% of their portfolio | 111.8k $18.0m | Reduced -16.1k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 106.7k $17.2m | Reduced -14.1k |
| OSSIAM 0.30% of their portfolio | 103.7k $16.7m | Added +4.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 96.4k $15.5m | Added +56 |
| COMERICA BANK 0.08% of their portfolio | 95.3k $15.4m | New |
| SEI INVESTMENTS CO 0.03% of their portfolio | 94.8k $15.3m | Reduced -11.2k |
| SEIZERT CAPITAL PARTNERS, LLC 0.75% of their portfolio | 88.2k $14.2m | Added +38.8k |
| Assenagon Asset Management S.A. 0.05% of their portfolio | 87.3k $14.1m | Reduced -45.5k |
| Leeward Investments, LLC - MA 0.71% of their portfolio | 86.0k $13.9m | Reduced -935 |
| Varma Mutual Pension Insurance Co 0.16% of their portfolio | 83.9k $13.5m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 82.3k $13.3m | Added +2.0k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 81.2k $13.1m | Added +28.2k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 80.8k $13.0m | Reduced -26.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 80.5k $13.0m | Reduced -166.6k |
| Mirae Asset Global Investments Co., Ltd. 0.03% of their portfolio | 79.6k $12.8m | Reduced -9.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 79.5k $12.8m | Added +1.5k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 78.8k $12.7m | Reduced -3.6k |
| Walleye Capital LLC 0.18% of their portfolio | 77.7k $12.5m | Added +27.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 76.6k $12.3m | Reduced -3.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 76.4k $12.3m | Added +2.5k |
| Nepsis Inc. 3.67% of their portfolio | 74.3k $12.0m | Added +4.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 73.0k $11.8m | Reduced -3.0k |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 72.2k $11.6m | Reduced -20.2k |
| S&T Bank/PA 2.10% of their portfolio | 67.7k $10.9m | Reduced -2.5k |
| Ensign Peak Advisors, Inc 0.02% of their portfolio | 66.4k $10.7m | Added +1.8k |
| Vident Advisory, LLC 0.33% of their portfolio | 65.8k $10.6m | First filing |
| WILKINS INVESTMENT COUNSEL INC 2.86% of their portfolio | 65.7k $10.6m | Reduced -675 |
| NATIXIS 0.08% of their portfolio | 63.8k $10.3m | Added +41.1k |
| Centre Asset Management, LLC 2.46% of their portfolio | 62.6k $10.1m | New |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.06% of their portfolio | 61.4k $9.9m | Reduced -6.0k |
| MARTINGALE ASSET MANAGEMENT L P 0.20% of their portfolio | 59.1k $9.5m | Added +44.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 58.0k $9.3m | Reduced -3.5k |
| Touchstone Capital, Inc. 10.08% of their portfolio | 56.6k $9.1m | Reduced -99 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 56.5k $9.1m | Reduced -622 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 56.2k $9.1m | Reduced -3.7k |
| Illinois Municipal Retirement Fund 0.17% of their portfolio | 56.2k $9.1m | Added +13.0k |