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 ($36.2m this quarter). Holder counts are more reliable. Shares outstanding: 58.3m as of 2024-07-30, 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 ≈ $172.16. Options: 19 managers hold calls ($144.4m notional), 10 hold puts ($16.8m).
Trends to Q2 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 |
| Q2 2024 | 534 |
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 |
| Q2 2024 | 266 | 248 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $72.5m | $58.4m | 0.81 |
| Q4 2023 | $75.5m | $56.1m | 0.74 |
| Q1 2024 | $50.1m | $27.7m | 0.55 |
| Q2 2024 | $144.4m | $16.8m | 0.12 |
Biggest buyers
| Pacer Advisors, Inc. | Added | +835.9k |
| AMERIPRISE FINANCIAL INC | Added | +548.7k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Added | +316.3k |
| MILLENNIUM MANAGEMENT LLC | Added | +224.6k |
| AQR CAPITAL MANAGEMENT LLC | Added | +214.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +212.9k |
| Invesco Ltd. | Added | +198.7k |
| JPMORGAN CHASE & CO | Added | +183.9k |
| AMERICAN CENTURY COMPANIES INC | Added | +162.8k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +148.1k |
Biggest sellers
| MORGAN STANLEY | Reduced | -1.3m |
| CITADEL ADVISORS LLC | Reduced | -611.3k |
| Swedbank AB | Reduced | -312.9k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -191.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -187.4k |
| Amundi | Reduced | -183.4k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -139.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Reduced | -137.6k |
| Robeco Institutional Asset Management B.V. | Reduced | -124.3k |
| Balyasny Asset Management L.P. | Sold out | -111.5k |
Biggest calls
| Cartenna Capital, LP | New | $43.9m255.0k shares |
| NOMURA HOLDINGS INC | New | $34.3m199.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $15.9m92.3k shares |
| CITADEL ADVISORS LLC | Reduced | $11.7m67.9k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $8.7m50.8k shares |
| SIMPLEX TRADING, LLC | Added | $8.2m47.5k shares |
| JANE STREET GROUP, LLC | Added | $7.6m44.4k shares |
| Walleye Trading LLC | Reduced | $4.2m24.4k shares |
| GOLDMAN SACHS GROUP INC | New | $3.4m20.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.9m10.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.8m21.8k shares |
| GOLDMAN SACHS GROUP INC | New | $3.4m20.0k shares |
| Walleye Capital LLC | Added | $2.7m15.8k shares |
| CITADEL ADVISORS LLC | Reduced | $2.7m15.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $1.7m10.1k shares |
| Walleye Trading LLC | Reduced | $1.4m7.9k shares |
| PEAK6 Investments LLC | Reduced | $465.0k2.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $378.0k2.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $292.8k1.7k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 Q2 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2024 | 0 | — | 5 | $2.1m | $1.2m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-20 | Pelzer Francis J. EVP, Chief Financial Officer | Sold plan | $85.0k500 shares |
| 2024-06-05 | Rogers Scot Frazier EVP and General Counsel | Sold | $558.4k3.3k shares |
| 2024-06-03 | Locoh-Donou Francois President, CEO & Director, director | Sold plan | $245.8k1.4k shares |
| 2024-05-30 | Dreyer Michael L Director | Sold | $377.8k2.2k shares |
| 2024-05-20 | Pelzer Francis J. EVP, Chief Financial Officer | Sold plan | $86.9k500 shares |
| 2024-05-03 | Locoh-Donou Francois President, CEO & Director, director | Sold plan | $243.8k1.4k shares |
| 2024-05-02 | FOUNTAIN THOMAS DEAN EVP Global Services & Strategy | Sold plan | $142.6k851 shares |
| 2024-04-22 | Pelzer Francis J. EVP, Chief Financial Officer | Sold plan | $89.4k500 shares |
| 2024-04-03 | Locoh-Donou Francois President, CEO & Director, director | Sold plan | $273.8k1.4k 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, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 7.5m $1.3bn | Added +15.9k |
| BlackRock Inc. 0.02% of their portfolio | 6.3m $1.1bn | Reduced -77.4k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 3.19% of their portfolio | 5.3m $912.5m | Added +316.3k |
| STATE STREET CORP 0.02% of their portfolio | 3.2m $546.1m | Reduced -85.7k |
| Invesco Ltd. 0.09% of their portfolio | 2.3m $402.4m | Added +198.7k |
| AMERIPRISE FINANCIAL INC 0.10% of their portfolio | 2.1m $359.3m | Added +548.7k |
| AMERICAN CENTURY COMPANIES INC 0.18% of their portfolio | 1.7m $294.4m | Added +162.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 1.5m $250.3m | Added +24.9k |
| FIRST TRUST ADVISORS LP 0.22% of their portfolio | 1.2m $215.1m | Reduced -44.1k |
| LYRICAL ASSET MANAGEMENT LP 3.13% of their portfolio | 1.1m $195.1m | Reduced -25.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 909.5k $156.6m | Added +148.1k |
| Pacer Advisors, Inc. 0.33% of their portfolio | 848.4k $146.1m | Added +835.9k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 749.5k $129.1m | Added +69.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 714.1k $123.0m | Added +212.9k |
| Swedbank AB 0.16% of their portfolio | 707.0k $121.8m | Reduced -312.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 656.2k $113.0m | Added +183.9k |
| AQR CAPITAL MANAGEMENT LLC 0.17% of their portfolio | 653.0k $111.9m | Added +214.4k |
| MORGAN STANLEY 0.01% of their portfolio | 644.3k $111.0m | Reduced -1.3m |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.52% of their portfolio | 609.6k $105.0m | Added +94.1k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 598.6k $103.1m | Added +48.7k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 524.0k $90.2m | Added +45.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 500.4k $86.2m | Added +3.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.26% of their portfolio | 486.3k $83.7m | Reduced -139.5k |
| Legal & General Group Plc 0.02% of their portfolio | 429.8k $74.0m | Reduced -100.9k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 424.2k $73.0m | Added +141.0k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 374.7k $64.5m | Added +4.8k |
| Penserra Capital Management LLC 0.81% of their portfolio | 373.4k $64.3m | Reduced -10.1k |
| Retirement Systems of Alabama 0.23% of their portfolio | 350.3k $60.3m | Reduced -20.2k |
| Boston Trust Walden Corp 0.42% of their portfolio | 332.6k $57.3m | Added +10.6k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.14% of their portfolio | 314.7k $54.2m | Added +63.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 312.0k $53.7m | Reduced -191.5k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 308.2k $53.2m | Added +11.5k |
| California Public Employees Retirement System 0.04% of their portfolio | 298.9k $51.5m | Reduced -76.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 235.9k $40.6m | Added +26.0k |
| UBS Group AG 0.01% of their portfolio | 235.8k $40.6m | Added +97.5k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 230.7k $39.7m | Added +224.6k |
| NORGES BANK 0.01% of their portfolio | 224.1k $38.6m | Reduced -56.3k |
| APG Asset Management N.V. 0.06% of their portfolio | 209.3k $33.6m | Added +12.6k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 209.0k $36.0m | Reduced -6.2k |
| Amundi 0.01% of their portfolio | 205.3k $35.0m | Reduced -183.4k |
| Woodline Partners LP 0.33% of their portfolio | 198.3k $34.2m | Added +9.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.08% of their portfolio | 194.9k $33.6m | Added +62.9k |
| Robeco Institutional Asset Management B.V. 0.07% of their portfolio | 185.8k $32.0m | Reduced -124.3k |
| LORD, ABBETT & CO. LLC 0.05% of their portfolio | 174.7k $30.1m | Reduced -1.9k |
| Swiss National Bank 0.02% of their portfolio | 174.1k $30.0m | Reduced -4.7k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 162.1k $27.9m | Added +13.9k |
| TRUIST FINANCIAL CORP 0.04% of their portfolio | 161.5k $27.8m | Reduced -43.9k |
| CITIGROUP INC 0.03% of their portfolio | 160.7k $27.7m | Added +39.7k |
| Assenagon Asset Management S.A. 0.07% of their portfolio | 159.6k $27.5m | Reduced -14.3k |
| Skandinaviska Enskilda Banken AB (publ) 0.13% of their portfolio | 158.3k $27.3m | Added +10.2k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 157.1k $27.1m | Reduced -20.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 149.6k $25.8m | Reduced -137.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 147.1k $25.3m | Reduced -16.1k |
| BARCLAYS PLC 0.01% of their portfolio | 142.6k $24.6m | Reduced -37.8k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 142.1k $24.5m | Reduced -474 |
| SEI INVESTMENTS CO 0.03% of their portfolio | 135.4k $23.3m | Added +5.4k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 122.9k $21.2m | Reduced -5.7k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 120.2k $20.7m | Reduced -5.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 111.1k $19.1m | Reduced -19.8k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 111.0k $19.1m | Reduced -611.3k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 109.1k $18.8m | Reduced -26.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 107.6k $18.5m | Added +17.7k |
| COMERICA BANK 0.07% of their portfolio | 102.3k $17.6m | Added +24.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 101.8k $17.5m | Added +15.3k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.10% of their portfolio | 101.2k $17.4m | Reduced -15.9k |
| MARTINGALE ASSET MANAGEMENT L P 0.38% of their portfolio | 100.9k $17.4m | Reduced -9.5k |
| Andra AP-fonden 0.29% of their portfolio | 100.1k $17.2m | Added +56.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 99.2k $17.1m | Added +420 |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.06% of their portfolio | 96.1k $16.5m | Added +12.6k |
| WILKINS INVESTMENT COUNSEL INC 2.45% of their portfolio | 95.5k $16.4m | Added +614 |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 95.0k $16.4m | Added +29.1k |
| Gotham Asset Management, LLC 0.21% of their portfolio | 92.2k $15.9m | Added +30.3k |
| SEIZERT CAPITAL PARTNERS, LLC 0.79% of their portfolio | 91.8k $15.8m | Added +1.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 91.0k $15.7m | Added +11.4k |
| LSV ASSET MANAGEMENT 0.03% of their portfolio | 90.3k $15.6m | Added +82.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 88.4k $15.2m | Reduced -1.6k |
| KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 1.86% of their portfolio | 87.2k $15.0m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 81.9k $14.1m | Added +1.6k |
| Distillate Capital Partners LLC 0.74% of their portfolio | 81.6k $14.0m | New |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 80.8k $13.9m | Reduced -4.3k |
| OSSIAM 0.26% of their portfolio | 79.2k $13.6m | Added +131 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 79.0k $13.6m | Added +3.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 76.3k $13.1m | Added +51.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 75.7k $13.0m | Added +7.2k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio | 73.5k $12.6m | First filing |
| GLENMEDE TRUST CO NA 0.06% of their portfolio | 73.0k $12.6m | Added +19.2k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 69.2k $11.9m | Reduced -4.6k |
| KBC Group NV 0.04% of their portfolio | 68.3k $11.8m | Added +52.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 66.9k $11.5m | Reduced -47.6k |
| Walleye Capital LLC 0.12% of their portfolio | 66.1k $11.4m | Added +63.7k |
| Achmea Investment Management B.V. 0.20% of their portfolio | 66.0k $11.4m | Added +563 |
| Leeward Investments, LLC - MA 0.52% of their portfolio | 65.7k $11.3m | Reduced -3.0k |
| DANSKE BANK A/S 0.04% of their portfolio | 65.1k $11.2m | Reduced -56.6k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio | 64.8k $11.2m | Added +2.8k |
| DekaBank Deutsche Girozentrale 0.02% of their portfolio | 64.7k $11.1m | Added +7.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 64.6k $11.1m | Added +3.7k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 64.6k $11.1m | Reduced -5.4k |
| Bridgewater Associates, LP 0.06% of their portfolio | 64.3k $11.1m | Reduced -11.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 61.7k $10.6m | Added +14 |
| Squarepoint Ops LLC 0.04% of their portfolio | 61.1k $10.5m | Added +59.5k |