INDIE SEMICONDUCTOR INC INDI
CLASS A COM · Common Stock · CUSIP 45569U101
- SectorTechnology
- IndustrySemiconductors & Related Devices
- HeadquartersAliso Viejo, CA
- FilingsSEC EDGAR
* 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 ($371.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $3.53. Options: 12 managers hold calls ($35.1m notional), 10 hold puts ($10.4m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 122 |
| Q4 2022 | 137 |
| Q1 2023 | 169 |
| Q2 2023 | 174 |
| Q3 2023 | 171 |
| Q4 2023 | 178 |
| Q1 2024 | 174 |
| Q2 2024 | 186 |
| Q3 2024 | 176 |
| Q4 2024 | 193 |
| Q1 2025 | 188 |
| Q2 2025 | 183 |
| Q3 2025 | 201 |
| Q4 2025 | 205 |
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 2024 | 91 | 79 |
| Q2 2024 | 102 | 71 |
| Q3 2024 | 84 | 86 |
| Q4 2024 | 114 | 67 |
| Q1 2025 | 102 | 85 |
| Q2 2025 | 104 | 85 |
| Q3 2025 | 91 | 91 |
| Q4 2025 | 97 | 89 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $13.4m | $4.1m | 0.31 |
| Q2 2025 | $33.1m | $10.4m | 0.32 |
| Q3 2025 | $40.1m | $14.0m | 0.35 |
| Q4 2025 | $35.1m | $10.4m | 0.30 |
Biggest buyers
| Handelsbanken Fonder AB | Added | +1.8m |
| WASATCH ADVISORS LP | New | +1.7m |
| WELLINGTON MANAGEMENT GROUP LLP | New | +1.3m |
| Squarepoint Ops LLC | Added | +1.2m |
| PRIMECAP MANAGEMENT CO/CA/ | Added | +873.9k |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Added | +832.6k |
| Portolan Capital Management, LLC | New | +672.0k |
| GOLDMAN SACHS GROUP INC | Added | +608.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +600.9k |
| MORGAN STANLEY | Added | +542.3k |
Biggest sellers
| STATE STREET CORP | Reduced | -1.7m |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -1.3m |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -1.2m |
| NEUBERGER BERMAN GROUP LLC | Reduced | -619.7k |
| ROYAL BANK OF CANADA | Reduced | -599.0k |
| FRED ALGER MANAGEMENT, LLC | Sold out | -519.2k |
| Malaga Cove Capital, LLC | Sold out | -372.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. | Reduced | -336.1k |
| JANE STREET GROUP, LLC | Sold out | -335.3k |
| COMERICA BANK | Reduced | -280.9k |
Biggest calls
| UBS Group AG | Unchanged | $15.0m4.3m shares |
| PEAK6 LLC | Reduced | $4.7m1.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.6m1.0m shares |
| GROUP ONE TRADING LLC | Added | $2.8m798.1k shares |
| CITADEL ADVISORS LLC | Reduced | $2.1m589.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.6m455.7k shares |
| D. E. Shaw & Co., Inc. | Added | $1.2m350.0k shares |
| LAZARD ASSET MANAGEMENT LLC | New | $1.1m300.0k shares |
| IMC-Chicago, LLC | Added | $1.0m292.3k shares |
| JANE STREET GROUP, LLC | Added | $939.0k266.0k shares |
Biggest puts
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | $5.3m1.5m shares |
| SILVERBACK ASSET MANAGEMENT LLC | Unchanged | $3.2m901.3k shares |
| CITADEL ADVISORS LLC | Reduced | $553.9k156.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $538.3k152.5k shares |
| IMC-Chicago, LLC | Added | $285.2k80.8k shares |
| GROUP ONE TRADING LLC | Reduced | $123.9k35.1k shares |
| Walleye Capital LLC | Added | $123.5k35.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $98.1k27.8k shares |
| JANE STREET GROUP, LLC | New | $83.7k23.7k shares |
| CSS LLC/IL | Unchanged | $53.0k15.0k 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 |
|---|---|
| BAMCO INC /NY/ 13G · institution -2.1 pts · filed 2025-11-14 | 10.9% |
| FRONTIER CAPITAL MANAGEMENT CO LLC 13G · institution +2.0 pts · filed 2025-08-14 | 9.2% |
| STATE STREET CORP 13G · institution +3.0 pts · filed 2026-08-07 | 8.8% |
| Granahan Investment Management, LLC 13G · institution -1.2 pts · filed 2025-11-14 | 8.8% |
| BlackRock, Inc. 13G · institution filed 2026-07-28 | 8.7% |
| FRONTIER CAPITAL MANAGEMENT CO LLC 13G · institution filed 2026-08-14 | 7.5% |
Fell to 5% or below in the last year: Neuberger Berman Group LLC (4.8%, 2026-06-04), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q4 2025
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 2024 | 0 | — | 4 | $1.2m | $796.0k |
| Q2 2024 | 0 | — | 5 | $4.1m | $4.1m |
| Q3 2024 | 0 | — | 2 | $311.5k | $311.5k |
| Q4 2024 | 0 | — | 2 | $1.3m | $307.8k |
| Q1 2025 | 0 | — | 4 | $456.7k | $248.4k |
| Q2 2025 | 0 | — | 2 | $76.0k | $40.5k |
| Q3 2025 | 0 | — | 3 | $2.0m | $1.6m |
| Q4 2025 | 0 | — | 4 | $3.9m | $1.8m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-22 | Wu Naixi Chief Financial Officer | Sold | $24.5k6.4k shares |
| 2025-12-15 | McClymont Donald Chief Executive Officer, director | Sold plan | $409.0k100.0k shares |
| 2025-12-11 | Wu Naixi Chief Financial Officer | Sold | $46.1k10.4k shares |
| 2025-12-10 | Wu Naixi Chief Financial Officer | Sold | $45.3k10.0k shares |
| 2025-12-02 | Wittmann Michael Chief Operating Officer | Sold plan | $140.2k37.5k shares |
| 2025-12-02 | McClymont Donald Chief Executive Officer, director | Sold | $46.3k13.1k shares |
| 2025-12-02 | Aoki Ichiro President, director | Sold | $4.1k1.2k shares |
| 2025-11-21 | Wu Naixi Chief Financial Officer | Sold | $23.4k7.1k shares |
| 2025-11-19 | Aoki Ichiro President, director | Sold | $86.0k25.0k shares |
| 2025-11-18 | Aoki Ichiro President, director | Sold | $262.5k75.0k shares |
| 2025-11-17 | Aoki Ichiro President, director | Sold | $274.5k75.0k shares |
| 2025-11-14 | Aoki Ichiro President, director | Sold | $293.2k75.0k shares |
| 2025-11-13 | Aoki Ichiro President, director | Sold | $980.0k250.0k shares |
| 2025-11-11 | Wu Naixi Chief Financial Officer | Sold | $22.0k5.3k shares |
| 2025-10-15 | McClymont Donald Chief Executive Officer, director | Sold plan | $1.2m200.0k 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 2025
| Manager | Shares | Change |
|---|---|---|
| PRIMECAP MANAGEMENT CO/CA/ 0.08% of their portfolio | 29.8m $105.1m | Added +873.9k |
| BAMCO INC /NY/ 0.21% of their portfolio | 21.7m $76.6m | Added +148.5k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.71% of their portfolio | 18.8m $66.5m | Added +832.6k |
| Granahan Investment Management, LLC 2.60% of their portfolio | 17.2m $60.8m | Reduced -258.2k |
| BlackRock, Inc. 0.00% of their portfolio | 16.3m $57.4m | Added +244.4k |
| VANGUARD GROUP INC 0.00% of their portfolio | 15.5m $54.7m | Added +210.5k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 9.4m $33.2m | Reduced -619.7k |
| STATE STREET CORP 0.00% of their portfolio | 9.0m $31.8m | Reduced -1.7m |
| Elemental Capital Partners LLC 14.84% of their portfolio | 7.9m $27.9m | Added +291.1k |
| Artemis Investment Management LLP 0.21% of their portfolio | 5.0m $17.7m | Added +53.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 4.9m $17.3m | Added +98.8k |
| Handelsbanken Fonder AB 0.04% of their portfolio | 3.4m $12.1m | Added +1.8m |
| Meros Investment Management, LP 2.96% of their portfolio | 2.1m $7.5m | Added +118.2k |
| MORGAN STANLEY 0.00% of their portfolio | 2.1m $7.3m | Added +542.3k |
| GENERAL AMERICAN INVESTORS CO INC 0.43% of their portfolio | 2.0m $6.9m | Added +250.0k |
| Squarepoint Ops LLC 0.01% of their portfolio | 1.8m $6.3m | Added +1.2m |
| ROYCE & ASSOCIATES LP 0.06% of their portfolio | 1.7m $6.1m | Added +40.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.7m $6.0m | Reduced -10.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.7m $5.9m | Added +54.3k |
| WASATCH ADVISORS LP 0.03% of their portfolio | 1.7m $5.8m | New |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.6m $5.5m | Reduced -1.2m |
| UBS Group AG 0.00% of their portfolio | 1.5m $5.3m | Reduced -70.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.5m $5.2m | Added +232.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 1.4m $4.8m | Added +137.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 1.3m $4.7m | New |
| ArrowMark Colorado Holdings LLC 0.09% of their portfolio | 1.2m $4.2m | Added +223.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.1m $3.9m | Added +608.2k |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 1.1m $3.8m | Reduced -60.0k |
| COMERICA BANK 0.01% of their portfolio | 980.2k $3.5m | Reduced -280.9k |
| HARBOR CAPITAL ADVISORS, INC. 0.26% of their portfolio | 962.0k $3.4m | Added +27.6k |
| P.A.W. CAPITAL CORP 7.62% of their portfolio | 950.0k $3.4m | Reduced -50.0k |
| AXIOM INVESTORS LLC /DE 0.03% of their portfolio | 905.7k $3.2m | Reduced -280.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 867.3k $3.1m | Reduced -17.6k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 832.0k $2.9m | Reduced -60.1k |
| MOODY NATIONAL BANK TRUST DIVISION 0.27% of their portfolio | 802.7k $2.8m | Reduced -5.2k |
| MIZUHO MARKETS AMERICAS LLC 0.05% of their portfolio | 709.1k $2.5m | Reduced -80.8k |
| Portolan Capital Management, LLC 0.13% of their portfolio | 672.0k $2.4m | New |
| 1492 Capital Management LLC 0.88% of their portfolio | 650.7k $2.3m | Reduced -29 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 636.5k $2.2m | Reduced -599.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 600.9k $2.1m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 569.0k $2.0m | Added +21.5k |
| Register Financial Advisors LLC 0.68% of their portfolio | 494.4k $1.7m | Added +33.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 491.1k $1.7m | Added +7.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 461.0k $1.7m | Reduced -336.1k |
| Swiss National Bank 0.00% of their portfolio | 391.5k $1.4m | Added +13.6k |
| Invesco Ltd. 0.00% of their portfolio | 391.0k $1.4m | Added +67.5k |
| Nuveen, LLC 0.00% of their portfolio | 368.8k $1.3m | Reduced -12.0k |
| BARCLAYS PLC 0.00% of their portfolio | 354.1k $1.2m | Added +80.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 330.0k $1.2m | Added +222.8k |
| Bouvel Investment Partners, LLC 0.29% of their portfolio | 289.5k $1.0m | Added +98.6k |
| Caption Management, LLC 0.04% of their portfolio | 286.6k $1.0m | New |
| Verition Fund Management LLC 0.01% of their portfolio | 268.6k $948.1k | Added +5.1k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 241.2k $851.4k | Reduced -41.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 239.2k $844.2k | Reduced -245.4k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 232.8k $821.8k | Reduced -190.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 228.3k $805.9k | Added +21.9k |
| Creative Planning 0.00% of their portfolio | 226.2k $798.6k | Added +12.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 225.0k $794.2k | New |
| IRONWOOD INVESTMENT MANAGEMENT LLC 0.30% of their portfolio | 204.0k $720.0k | Reduced -6.3k |
| MYDA Advisors LLC 0.20% of their portfolio | 200.0k $706.0k | Reduced -50.0k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 187.0k $660.0k | Added +44.5k |
| Legal & General Group Plc 0.00% of their portfolio | 184.3k $650.5k | Added +350 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 183.6k $648.2k | Reduced -72 |
| VARCOV Co. 0.22% of their portfolio | 157.6k $556.3k | First filing |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 148.7k $524.8k | Unchanged |
| SEI INVESTMENTS CO 0.00% of their portfolio | 134.5k $474.9k | Reduced -33.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 128.5k $454.0k | Added +26.5k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 121.2k $428.0k | Added +23.5k |
| CITIGROUP INC 0.00% of their portfolio | 118.8k $419.4k | Reduced -23.1k |
| Quantbot Technologies LP 0.01% of their portfolio | 112.3k $396.3k | Added +59.1k |
| XTX Topco Ltd 0.01% of their portfolio | 106.2k $375.0k | Reduced -113.6k |
| NEXPOINT ASSET MANAGEMENT, L.P. 0.03% of their portfolio | 106.1k $374.5k | Unchanged |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 105.1k $371.1k | Reduced -4.4k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 103.0k $363.7k | Reduced -2.2k |
| Amundi 0.00% of their portfolio | 101.6k $358.6k | New |
| EMERALD ADVISERS, LLC 0.01% of their portfolio | 101.1k $356.9k | Reduced -2.6k |
| Worth Venture Partners, LLC 2.47% of their portfolio | 96.8k $341.5k | Added +21.8k |
| Cresset Asset Management, LLC 0.00% of their portfolio | 89.2k $315.0k | Reduced -1.6k |
| JOURNEY STRATEGIC WEALTH LLC 0.01% of their portfolio | 85.0k $300.1k | New |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 84.1k $296.9k | Reduced -3.9k |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.01% of their portfolio | 82.4k $290.9k | Added +59.8k |
| F/m Investments LLC 0.01% of their portfolio | 82.4k $290.9k | New |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 81.5k $287.2k | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 78.0k $275.2k | Added +10.7k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 66.4k $234.3k | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 64.0k $225.9k | Added +19.9k |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 60.1k $212.0k | Reduced -25.9k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 59.7k $210.9k | Added +21.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 59.1k $208.5k | Reduced -6.0k |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 55.8k $197.0k | Reduced -1.8k |
| Advisors Asset Management, Inc. 0.00% of their portfolio | 54.8k $193.4k | Reduced -477 |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 53.6k $189.4k | Unchanged |
| Cerity Partners LLC 0.00% of their portfolio | 53.2k $187.9k | New |
| Callan Family Office, LLC 0.00% of their portfolio | 53.1k $187.3k | Added +25.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 52.3k $184.6k | Reduced -1.3m |
| FMR LLC 0.00% of their portfolio | 51.8k $182.8k | Added +8.8k |
| CONNORS INVESTOR SERVICES INC 0.02% of their portfolio | 50.6k $178.5k | Unchanged |
| Virtu Financial LLC 0.01% of their portfolio | 50.5k $178.0k | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 45.4k $160.2k | Unchanged |
| Gibbs Wealth Management 0.04% of their portfolio | 44.7k $177.1k | Unchanged |