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 ($14.1m this quarter). Holder counts are more reliable. Shares outstanding: 58.6m as of 2024-04-30, 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 ≈ $189.36. Options: 16 managers hold calls ($50.1m notional), 14 hold puts ($27.7m).
Trends to Q1 2024
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 |
| Q4 2023 | 524 |
| Q1 2024 | 535 |
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 |
| Q4 2023 | 242 | 238 |
| Q1 2024 | 244 | 242 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $52.6m | $36.0m | 0.69 |
| Q3 2023 | $72.5m | $58.4m | 0.81 |
| Q4 2023 | $75.5m | $56.1m | 0.74 |
| Q1 2024 | $50.1m | $27.7m | 0.55 |
Biggest buyers
| MORGAN STANLEY | Added | +666.0k |
| CITADEL ADVISORS LLC | Added | +437.0k |
| Penserra Capital Management LLC | Added | +335.9k |
| Woodline Partners LP | New | +188.7k |
| FIRST TRUST ADVISORS LP | Added | +170.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +159.1k |
| STATE STREET CORP | Added | +156.2k |
| PANAGORA ASSET MANAGEMENT INC | Added | +137.7k |
| Robeco Institutional Asset Management B.V. | Added | +92.7k |
| JPMORGAN CHASE & CO | Added | +90.3k |
Biggest sellers
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -710.9k |
| AMERIPRISE FINANCIAL INC | Reduced | -371.4k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -219.5k |
| Invesco Ltd. | Reduced | -193.9k |
| BlackRock Inc. | Reduced | -181.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Sold out | -149.4k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -134.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -102.6k |
| Walleye Capital LLC | Reduced | -71.5k |
| TWO SIGMA ADVISERS, LP | Sold out | -68.3k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $14.1m74.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $10.6m55.9k shares |
| Walleye Trading LLC | Reduced | $9.6m50.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.6m18.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $3.2m16.7k shares |
| Walleye Capital LLC | Added | $2.6m13.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $2.3m12.1k shares |
| Squarepoint Ops LLC | New | $2.0m10.4k shares |
| JANE STREET GROUP, LLC | Reduced | $834.2k4.4k shares |
| PEAK6 Investments LLC | Reduced | $682.5k3.6k shares |
Biggest puts
| Walleye Trading LLC | Reduced | $8.4m44.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.3m33.1k shares |
| CITADEL ADVISORS LLC | Reduced | $4.0m21.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $2.0m10.7k shares |
| PEAK6 Investments LLC | Reduced | $1.6m8.3k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $1.2m6.3k shares |
| Walleye Capital LLC | Reduced | $1.2m6.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.1m5.7k shares |
| Squarepoint Ops LLC | Added | $549.8k2.9k shares |
| GTS SECURITIES LLC | New | $455.0k2.4k 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 2024
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 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 |
| Q4 2023 | 0 | — | 6 | $3.0m | $2.9m |
| Q1 2024 | 0 | — | 4 | $1.8m | $431.5k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-20 | Pelzer Francis J. EVP, Chief Financial Officer | Sold plan | $94.6k500 shares |
| 2024-03-07 | HIGGINSON ALAN Director | Sold | $190.4k1.0k shares |
| 2024-03-01 | Locoh-Donou Francois President, CEO & Director, director | Sold | $1.2m6.4k shares |
| 2024-02-20 | Pelzer Francis J. EVP, Chief Financial Officer | Sold plan | $91.2k500 shares |
| 2024-02-08 | FOUNTAIN THOMAS DEAN EVP Global Services & Strategy | Sold plan | $155.8k851 shares |
| 2024-01-22 | Pelzer Francis J. EVP, Chief Financial Officer | Sold plan | $90.0k500 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 7.5m $1.4bn | Added +29.2k |
| BlackRock Inc. 0.03% of their portfolio | 6.4m $1.2bn | Reduced -181.8k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 3.15% of their portfolio | 5.0m $944.5m | Reduced -41.1k |
| STATE STREET CORP 0.03% of their portfolio | 3.3m $617.3m | Added +156.2k |
| Invesco Ltd. 0.09% of their portfolio | 2.1m $405.3m | Reduced -193.9k |
| MORGAN STANLEY 0.01% of their portfolio | 1.9m $361.3m | Added +666.0k |
| AMERICAN CENTURY COMPANIES INC 0.18% of their portfolio | 1.5m $293.2m | Reduced -134.0k |
| AMERIPRISE FINANCIAL INC 0.08% of their portfolio | 1.5m $291.5m | Reduced -371.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 1.4m $270.8m | Added +39.5k |
| FIRST TRUST ADVISORS LP 0.25% of their portfolio | 1.3m $245.2m | Added +170.3k |
| LYRICAL ASSET MANAGEMENT LP 3.26% of their portfolio | 1.2m $219.6m | Added +12.8k |
| Swedbank AB 0.27% of their portfolio | 1.0m $193.4m | Added +2.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 761.4k $144.3m | Reduced -710.9k |
| CITADEL ADVISORS LLC 0.13% of their portfolio | 722.4k $137.0m | Added +437.0k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 680.4k $129.0m | Reduced -19.8k |
| ACADIAN ASSET MANAGEMENT LLC 0.41% of their portfolio | 625.7k $118.6m | Added +77.6k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 549.9k $104.2m | Added +31.9k |
| Legal & General Group Plc 0.03% of their portfolio | 530.8k $100.6m | Reduced -21.9k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.51% of their portfolio | 515.5k $97.7m | Reduced -48.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.15% of their portfolio | 503.4k $95.4m | Reduced -219.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 501.2k $95.0m | Reduced -11.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 496.9k $94.2m | Reduced -746 |
| Bank of New York Mellon Corp 0.02% of their portfolio | 478.1k $90.7m | Added +4.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 472.4k $89.6m | Added +90.3k |
| AQR CAPITAL MANAGEMENT LLC 0.14% of their portfolio | 438.6k $83.2m | Added +73.7k |
| Amundi 0.03% of their portfolio | 388.7k $69.8m | Added +3.5k |
| Penserra Capital Management LLC 0.91% of their portfolio | 383.5k $72.7m | Added +335.9k |
| California Public Employees Retirement System 0.05% of their portfolio | 374.9k $71.1m | Reduced -12.7k |
| Retirement Systems of Alabama 0.27% of their portfolio | 370.5k $70.2m | Reduced -181 |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 369.9k $70.1m | Added +75.9k |
| Boston Trust Walden Corp 0.44% of their portfolio | 322.1k $61.1m | Reduced -42.5k |
| Robeco Institutional Asset Management B.V. 0.13% of their portfolio | 310.1k $58.8m | Added +92.7k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 296.6k $56.1m | Added +60.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.10% of their portfolio | 287.2k $54.5m | Reduced -49.3k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 283.2k $53.7m | Reduced -11.7k |
| NORGES BANK 0.01% of their portfolio | 280.4k $53.2m | Added +23.7k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.13% of their portfolio | 250.9k $47.6m | Reduced -47.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 226.9k $43.0m | Added +159.1k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 215.2k $40.8m | Reduced -6.6k |
| CREDIT SUISSE AG/ 0.04% of their portfolio | 214.2k $40.6m | Reduced -65 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 210.0k $39.8m | Added +83.3k |
| TRUIST FINANCIAL CORP 0.06% of their portfolio | 205.4k $38.9m | Reduced -40.6k |
| APG Asset Management N.V. 0.06% of their portfolio | 196.7k $34.5m | Reduced -18.2k |
| Woodline Partners LP 0.33% of their portfolio | 188.7k $35.8m | New |
| BARCLAYS PLC 0.02% of their portfolio | 180.3k $34.2m | Added +6.3k |
| Swiss National Bank 0.02% of their portfolio | 178.8k $33.9m | Reduced -6.6k |
| Qube Research & Technologies Ltd 0.06% of their portfolio | 177.3k $33.6m | Reduced -21.0k |
| LORD, ABBETT & CO. LLC 0.05% of their portfolio | 176.6k $33.5m | Unchanged |
| Assenagon Asset Management S.A. 0.09% of their portfolio | 173.9k $33.0m | Added +47.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 163.1k $30.9m | Reduced -1.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 148.2k $28.1m | Reduced -13.2k |
| Skandinaviska Enskilda Banken AB (publ) 0.14% of their portfolio | 148.1k $28.1m | Reduced -3.9k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 142.6k $27.0m | Reduced -6.0k |
| PANAGORA ASSET MANAGEMENT INC 0.14% of their portfolio | 138.9k $26.3m | Added +137.7k |
| UBS Group AG 0.01% of their portfolio | 138.3k $26.2m | Reduced -11.1k |
| Allianz Asset Management GmbH 0.04% of their portfolio | 135.5k $25.7m | Added +62.3k |
| Mitsubishi UFJ Trust & Banking Corp 0.06% of their portfolio | 132.0k $25.0m | Added +53.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 130.9k $24.8m | Reduced -15.1k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 130.0k $24.7m | Added +25.5k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 128.6k $24.4m | Added +652 |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 126.0k $23.9m | Added +12.4k |
| DANSKE BANK A/S 0.07% of their portfolio | 121.7k $23.1m | First filing |
| CITIGROUP INC 0.02% of their portfolio | 121.0k $22.9m | Reduced -1.5k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.14% of their portfolio | 117.1k $22.2m | Added +45.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 114.5k $21.7m | Added +26.6k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 111.5k $21.1m | Added +55.3k |
| MARTINGALE ASSET MANAGEMENT L P 0.42% of their portfolio | 110.4k $20.9m | Added +47.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 98.8k $18.7m | Added +1.9k |
| WILKINS INVESTMENT COUNSEL INC 2.63% of their portfolio | 94.9k $18.0m | Added +30.0k |
| SEIZERT CAPITAL PARTNERS, LLC 0.79% of their portfolio | 90.7k $17.2m | Added +651 |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 90.0k $17.1m | Added +2.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 89.9k $17.0m | Added +19.7k |
| Varma Mutual Pension Insurance Co 0.14% of their portfolio | 88.0k $16.7m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 86.5k $16.4m | Reduced -11.8k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 85.1k $16.1m | Reduced -27.0k |
| Mirae Asset Global Investments Co., Ltd. 0.03% of their portfolio | 84.2k $14.6m | Added +8.1k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.06% of their portfolio | 83.5k $15.8m | Added +4.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 80.3k $15.2m | Added +811 |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 79.6k $15.1m | Added +39.0k |
| OSSIAM 0.26% of their portfolio | 79.0k $15.0m | Reduced -19.7k |
| COMERICA BANK 0.06% of their portfolio | 78.3k $14.8m | Reduced -11.5k |
| Bridgewater Associates, LP 0.07% of their portfolio | 75.6k $14.3m | Reduced -3.4k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 75.4k $14.3m | Reduced -5.1k |
| Vident Advisory, LLC 0.29% of their portfolio | 74.1k $14.0m | Added +71.0k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 73.8k $14.0m | Added +7.2k |
| TUDOR INVESTMENT CORP ET AL 0.16% of their portfolio | 70.9k $13.4m | Added +50.4k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 70.0k $13.3m | Reduced -8.8k |
| Leeward Investments, LLC - MA 0.58% of their portfolio | 68.7k $13.0m | Reduced -15.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 68.6k $13.0m | Added +14.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 67.0k $9.8m | Added +3.2k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 65.9k $12.5m | Reduced -59.7k |
| Achmea Investment Management B.V. 0.24% of their portfolio | 65.4k $12.4m | Added +33.8k |
| Nepsis Inc. 3.19% of their portfolio | 62.2k $11.8m | Reduced -12.0k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.10% of their portfolio | 62.1k $11.8m | Reduced -450 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio | 61.9k $11.7m | New |
| Gotham Asset Management, LLC 0.18% of their portfolio | 61.8k $11.7m | Added +26.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 61.7k $11.7m | Reduced -11.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 60.9k $11.6m | Added +20.6k |
| S&T Bank/PA 2.14% of their portfolio | 58.9k $11.2m | Reduced -6.2k |
| GRIMES & Co WEALTH MANAGEMENT, LLC 0.34% of their portfolio | 58.8k $11.1m | Added +1.7k |