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 ($19.8m this quarter). Holder counts are more reliable. Shares outstanding: 57.7m as of 2025-01-30, 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 ≈ $250.38. Options: 15 managers hold calls ($90.8m notional), 14 hold puts ($39.4m).
Trends to Q4 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 |
| Q3 2024 | 590 |
| Q4 2024 | 648 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 245 | 236 |
| Q2 2023 | 229 | 260 |
| Q3 2023 | 225 | 241 |
| Q4 2023 | 242 | 238 |
| Q1 2024 | 244 | 242 |
| Q2 2024 | 266 | 248 |
| Q3 2024 | 284 | 251 |
| Q4 2024 | 292 | 266 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $50.1m | $27.7m | 0.55 |
| Q2 2024 | $144.4m | $16.8m | 0.12 |
| Q3 2024 | $71.7m | $42.5m | 0.59 |
| Q4 2024 | $90.8m | $39.4m | 0.43 |
Biggest buyers
| BlackRock, Inc. | Added | +507.6k |
| UBS Group AG | Added | +495.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +364.4k |
| PANAGORA ASSET MANAGEMENT INC | New | +327.3k |
| NORTHERN TRUST CORP | Added | +251.5k |
| Edge Capital Group, LLC | New | +237.1k |
| COOKSON PEIRCE & CO INC | New | +211.6k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +200.6k |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +176.3k |
| Qube Research & Technologies Ltd | Added | +150.7k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -575.1k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Reduced | -414.1k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -407.9k |
| CITADEL ADVISORS LLC | Reduced | -403.9k |
| AMERIPRISE FINANCIAL INC | Reduced | -348.0k |
| Alyeska Investment Group, L.P. | Reduced | -326.8k |
| HSBC HOLDINGS PLC | Reduced | -224.1k |
| WESTFIELD CAPITAL MANAGEMENT CO LP | Reduced | -165.5k |
| JANE STREET GROUP, LLC | Reduced | -113.9k |
| HRT FINANCIAL LP | Reduced | -101.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $36.1m143.4k shares |
| CITADEL ADVISORS LLC | Reduced | $15.3m60.9k shares |
| WOLVERINE TRADING, LLC | Added | $6.8m26.9k shares |
| Walleye Trading LLC | Reduced | $5.5m21.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $5.3m21.2k shares |
| Squarepoint Ops LLC | New | $5.2m20.6k shares |
| IMC-Chicago, LLC | Reduced | $4.2m16.9k shares |
| Walleye Capital LLC | Added | $3.7m14.8k shares |
| PEAK6 LLC | First filing | $3.6m14.2k shares |
| JANE STREET GROUP, LLC | Added | $3.5m13.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $17.8m70.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.2m24.5k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $3.0m11.9k shares |
| Walleye Trading LLC | Added | $2.7m10.9k shares |
| IMC-Chicago, LLC | New | $2.7m10.9k shares |
| Squarepoint Ops LLC | New | $2.0m7.8k shares |
| Walleye Capital LLC | Reduced | $1.8m7.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.7m6.8k shares |
| TUDOR INVESTMENT CORP ET AL | New | $603.5k2.4k shares |
| WOLVERINE TRADING, LLC | Reduced | $454.5k1.8k 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 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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2024 | 0 | — | 6 | $3.1m | $2.9m |
| Q4 2024 | 0 | — | 6 | $4.3m | $4.1m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-12-03 | Locoh-Donou Francois President, CEO & Director, director | Sold plan | $364.2k1.4k shares |
| 2024-11-19 | HIGGINSON ALAN Director | Sold | $197.8k825 shares |
| 2024-11-04 | Rogers Scot Frazier EVP and General Counsel | Sold plan | $1.1m4.5k shares |
| 2024-11-04 | WHALEN CHAD MICHAEL EVP, Worldwide Sales | Sold plan | $1.0m4.5k shares |
| 2024-11-04 | FOUNTAIN THOMAS DEAN EVP Global Services & Strategy | Sold plan | $911.8k3.9k shares |
| 2024-11-04 | Locoh-Donou Francois President, CEO & Director, director | Sold plan | $336.3k1.4k shares |
| 2024-10-21 | Pelzer Francis J. EVP, Chief Financial Officer | Sold plan | $130.6k600 shares |
| 2024-10-03 | Locoh-Donou Francois President, CEO & Director, director | Sold plan | $316.5k1.4k 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 7.5m $1.9bn | Added +64.3k |
| BlackRock, Inc. 0.03% of their portfolio | 6.3m $1.6bn | Added +507.6k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 4.25% of their portfolio | 5.1m $1.3bn | Reduced -414.1k |
| STATE STREET CORP 0.03% of their portfolio | 3.2m $809.3m | Added +31.0k |
| Invesco Ltd. 0.08% of their portfolio | 1.7m $422.8m | Reduced -85.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 1.6m $402.5m | Added +30.4k |
| AMERIPRISE FINANCIAL INC 0.09% of their portfolio | 1.3m $333.9m | Reduced -348.0k |
| FIRST TRUST ADVISORS LP 0.28% of their portfolio | 1.3m $316.8m | Added +37.4k |
| LYRICAL ASSET MANAGEMENT LP 4.02% of their portfolio | 1.1m $272.1m | Reduced -1.1k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 913.0k $229.6m | Added +251.5k |
| AMERICAN CENTURY COMPANIES INC 0.12% of their portfolio | 817.2k $205.5m | Reduced -407.9k |
| UBS Group AG 0.04% of their portfolio | 757.5k $190.5m | Added +495.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 733.6k $184.5m | Reduced -100.5k |
| Swedbank AB 0.22% of their portfolio | 697.2k $175.3m | Reduced -9.3k |
| NORGES BANK 0.02% of their portfolio | 680.5k $171.1m | Added +30.5k |
| MORGAN STANLEY 0.01% of their portfolio | 670.1k $168.5m | Reduced -2.1k |
| ACADIAN ASSET MANAGEMENT LLC 0.49% of their portfolio | 668.3k $168.0m | Added +200.6k |
| ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio | 656.2k $165.0m | Added +80.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 651.0k $163.7m | Added +116.8k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 650.5k $163.6m | Added +39.1k |
| AQR CAPITAL MANAGEMENT LLC 0.20% of their portfolio | 602.7k $151.6m | Added +5.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 498.7k $125.4m | Added +805 |
| Bank of New York Mellon Corp 0.02% of their portfolio | 488.9k $122.9m | Reduced -15.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.09% of their portfolio | 425.3k $106.9m | Added +364.4k |
| Legal & General Group Plc 0.03% of their portfolio | 422.5k $106.2m | Reduced -12.6k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 402.5k $101.2m | Reduced -224.1k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 365.1k $91.8m | Reduced -11.1k |
| Retirement Systems of Alabama 0.33% of their portfolio | 356.2k $89.6m | Reduced -21.2k |
| PANAGORA ASSET MANAGEMENT INC 0.38% of their portfolio | 327.3k $82.3m | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.20% of their portfolio | 314.8k $79.2m | Reduced -4.0k |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 306.8k $77.2m | Reduced -2.7k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 300.5k $75.6m | Added +29.5k |
| JUPITER ASSET MANAGEMENT LTD 0.73% of their portfolio | 296.5k $74.6m | Added +134.5k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.31% of their portfolio | 286.2k $72.0m | Reduced -165.5k |
| California Public Employees Retirement System 0.05% of their portfolio | 273.6k $68.8m | Reduced -4.9k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 1.21% of their portfolio | 268.2k $67.5m | Reduced -10.5k |
| Robeco Institutional Asset Management B.V. 0.13% of their portfolio | 266.4k $67.0m | Added +61.9k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.27% of their portfolio | 265.0k $66.7m | Reduced -20.6k |
| Penserra Capital Management LLC 1.17% of their portfolio | 255.3k $64.2m | Reduced -33.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 243.1k $61.1m | Reduced -575.1k |
| Edge Capital Group, LLC 0.00% of their portfolio | 237.1k $21.1k | New |
| Amundi 0.02% of their portfolio | 236.1k $61.1m | Added +104.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 235.4k $59.2m | Added +28.4k |
| D. E. Shaw & Co., Inc. 0.06% of their portfolio | 227.5k $57.2m | Added +47.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio | 220.3k $55.4m | Added +176.3k |
| Mitsubishi UFJ Trust & Banking Corp 0.13% of their portfolio | 217.1k $54.6m | Added +10.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 215.5k $54.2m | Added +32.0k |
| COOKSON PEIRCE & CO INC 2.41% of their portfolio | 211.6k $53.2m | New |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 202.4k $50.9m | Reduced -403.9k |
| Boston Trust Walden Corp 0.34% of their portfolio | 194.8k $49.0m | Added +7.3k |
| Qube Research & Technologies Ltd 0.08% of their portfolio | 192.0k $48.3m | Added +150.7k |
| SEI INVESTMENTS CO 0.06% of their portfolio | 183.4k $46.1m | Added +894 |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 174.8k $44.0m | Added +35.3k |
| Assenagon Asset Management S.A. 0.08% of their portfolio | 170.9k $43.0m | Added +43.8k |
| Swiss National Bank 0.03% of their portfolio | 164.6k $41.4m | Reduced -9.5k |
| BARCLAYS PLC 0.02% of their portfolio | 161.2k $40.5m | Added +16.7k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.14% of their portfolio | 158.3k $39.8m | Added +42.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 157.5k $39.6m | Added +15.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 149.9k $37.7m | Added +2.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 148.2k $37.3m | Reduced -92.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 146.9k $36.9m | Added +36.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 139.9k $35.2m | Added +33.5k |
| Point72 Asset Management, L.P. 0.08% of their portfolio | 121.1k $30.5m | Reduced -38.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 121.0k $30.6m | Added +22.8k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 118.8k $29.9m | Reduced -2.0k |
| APG Asset Management N.V. 0.08% of their portfolio | 116.6k $28.3m | Added +30.7k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 110.4k $27.8m | Added +47.7k |
| DANSKE BANK A/S 0.08% of their portfolio | 109.0k $27.4m | Reduced -35.0k |
| LSV ASSET MANAGEMENT 0.06% of their portfolio | 101.5k $25.5m | Added +8.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 101.1k $25.4m | Added +965 |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 100.7k $25.3m | Reduced -4.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 94.7k $23.8m | Reduced -50.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 91.9k $23.4m | Added +269 |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.05% of their portfolio | 91.2k $22.9m | First filing |
| MARTINGALE ASSET MANAGEMENT L P 0.55% of their portfolio | 90.0k $22.6m | Reduced -1.3k |
| FMR LLC 0.00% of their portfolio | 89.1k $22.4m | Added +30.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 88.6k $22.3m | Reduced -1.4k |
| Skandinaviska Enskilda Banken AB (publ) 0.10% of their portfolio | 86.6k $21.9m | Reduced -46.2k |
| KLP KAPITALFORVALTNING AS 0.10% of their portfolio | 86.4k $21.7m | First filing |
| Gotham Asset Management, LLC 0.21% of their portfolio | 86.3k $21.7m | Added +5.4k |
| PINEBRIDGE INVESTMENTS, L.P. 0.16% of their portfolio | 82.5k $20.7m | Reduced -7.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 81.9k $20.6m | Reduced -4.1k |
| GLENMEDE TRUST CO NA 0.10% of their portfolio | 81.5k $20.5m | Added +1.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 80.2k $20.2m | Reduced -960 |
| Fisher Asset Management, LLC 0.01% of their portfolio | 80.0k $20.1m | Added +49.6k |
| Telemark Asset Management, LLC 2.01% of their portfolio | 80.0k $20.1m | Added +20.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.06% of their portfolio | 79.4k $20.0m | Reduced -10.4k |
| STOREBRAND ASSET MANAGEMENT AS 0.06% of their portfolio | 78.4k $19.7m | Added +16.7k |
| Achmea Investment Management B.V. 0.31% of their portfolio | 76.0k $19.1m | Added +552 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 73.8k $18.6m | Added +43.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 72.1k $18.2m | Reduced -4.0k |
| CITIGROUP INC 0.02% of their portfolio | 71.4k $18.0m | Reduced -60.0k |
| HARBOR CAPITAL ADVISORS, INC. 0.77% of their portfolio | 70.6k $17.7m | Reduced -15.1k |
| INTECH INVESTMENT MANAGEMENT LLC 0.17% of their portfolio | 69.3k $17.4m | Added +34.1k |
| LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio | 68.3k $17.2m | Added +61.4k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 66.8k $16.8m | Added +22.7k |
| Sterling Capital Management LLC 0.23% of their portfolio | 66.3k $16.7m | Reduced -6.2k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 66.1k $16.6m | First filing |
| DekaBank Deutsche Girozentrale 0.03% of their portfolio | 65.8k $16.7m | Unchanged |
| Andra AP-fonden 0.27% of their portfolio | 65.8k $16.5m | Reduced -30.3k |