INNODATA INC INOD
COM NEW · Common Stock · CUSIP 457642205 · ISIN US4576422053
- SectorTechnology
- IndustryServices-Computer Processing & Data Preparation
- HeadquartersRidgefield Park, NJ
- Founded1988
- Websiteinnodata.com
- 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 ($349.4k this quarter). Holder counts are more reliable. Shares outstanding: 31.8m as of 2025-07-24, 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 ≈ $51.21. Options: 16 managers hold calls ($66.3m notional), 14 hold puts ($55.2m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 30 |
| Q4 2022 | 24 |
| Q1 2023 | 36 |
| Q2 2023 | 70 |
| Q3 2023 | 80 |
| Q4 2023 | 78 |
| Q1 2024 | 69 |
| Q2 2024 | 72 |
| Q3 2024 | 100 |
| Q4 2024 | 149 |
| Q1 2025 | 199 |
| Q2 2025 | 219 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 48 | 28 |
| Q4 2023 | 44 | 33 |
| Q1 2024 | 31 | 42 |
| Q2 2024 | 40 | 28 |
| Q3 2024 | 65 | 24 |
| Q4 2024 | 105 | 44 |
| Q1 2025 | 147 | 59 |
| Q2 2025 | 142 | 95 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $25.2m | $3.9m | 0.16 |
| Q4 2024 | $48.2m | $16.9m | 0.35 |
| Q1 2025 | $59.8m | $29.4m | 0.49 |
| Q2 2025 | $66.3m | $55.2m | 0.83 |
Biggest buyers
| Jump Financial, LLC | Added | +357.4k |
| TWO SIGMA INVESTMENTS, LP | Added | +340.2k |
| BlackRock, Inc. | Added | +219.2k |
| UBS Group AG | Added | +197.0k |
| HRT FINANCIAL LP | Added | +192.8k |
| FIRST TRUST ADVISORS LP | New | +152.8k |
| MORGAN STANLEY | Added | +107.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +89.4k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +69.5k |
| RENAISSANCE GROUP LLC | Added | +68.2k |
Biggest sellers
| Yong Rong (HK) Asset Management Ltd | Sold out | -795.2k |
| D. E. Shaw & Co., Inc. | Reduced | -766.9k |
| NEXT CENTURY GROWTH INVESTORS LLC | Reduced | -404.8k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -387.1k |
| GOLDMAN SACHS GROUP INC | Reduced | -138.4k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -130.1k |
| BANK OF AMERICA CORP /DE/ | Reduced | -113.7k |
| Trexquant Investment LP | Reduced | -112.7k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -102.1k |
| ACADIAN ASSET MANAGEMENT LLC | Sold out | -96.8k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $15.5m302.5k shares |
| JANE STREET GROUP, LLC | Added | $12.5m244.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $12.0m234.0k shares |
| WOLVERINE TRADING, LLC | Added | $5.3m107.9k shares |
| Cubist Systematic Strategies, LLC | Reduced | $4.6m89.2k shares |
| GROUP ONE TRADING LLC | Reduced | $4.2m81.2k shares |
| IMC-Chicago, LLC | Added | $3.6m70.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.3m45.0k shares |
| Walleye Capital LLC | New | $1.9m37.0k shares |
| D. E. Shaw & Co., Inc. | Added | $1.9m36.3k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $13.1m256.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $11.7m228.6k shares |
| JANE STREET GROUP, LLC | Added | $8.6m168.7k shares |
| Cubist Systematic Strategies, LLC | Added | $5.5m107.2k shares |
| IMC-Chicago, LLC | Added | $3.5m67.5k shares |
| WOLVERINE TRADING, LLC | Added | $2.7m56.0k shares |
| Walleye Capital LLC | New | $2.6m51.4k shares |
| GROUP ONE TRADING LLC | Reduced | $2.1m41.4k shares |
| D. E. Shaw & Co., Inc. | Reduced | $1.6m31.9k shares |
| Walleye Trading LLC | Added | $1.1m22.1k 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-07-28 | 7.9% |
| JANE STREET GROUP, LLC 13G · passive investor new · filed 2026-06-01 | 5.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 4 | $7.2m | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 6 | $89.3m | — |
| Q1 2025 | 0 | — | 5 | $21.0m | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 2.2m $113.7m | Added +219.2k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.8m $93.5m | Added +65.1k |
| MORGAN STANLEY 0.00% of their portfolio | 1.4m $71.7m | Added +107.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 700.2k $35.9m | Added +69.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 691.0k $35.4m | Reduced -102.1k |
| STATE STREET CORP 0.00% of their portfolio | 642.0k $32.9m | Added +57.4k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 547.3k $28.0m | Reduced -30.3k |
| Driehaus Capital Management LLC 0.21% of their portfolio | 512.2k $26.2m | Reduced -55.7k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 493.2k $25.3m | Reduced -766.9k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 405.7k $20.8m | Added +1.6k |
| Jump Financial, LLC 0.25% of their portfolio | 391.2k $20.0m | Added +357.4k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 390.7k $20.0m | Added +340.2k |
| UBS Group AG 0.00% of their portfolio | 381.2k $19.5m | Added +197.0k |
| Palisades Investment Partners, LLC 8.26% of their portfolio | 368.9k $18.9m | Reduced -10.6k |
| PLUSTICK MANAGEMENT LLC 10.78% of their portfolio | 355.0k $18.2m | Added +40.0k |
| Nuveen, LLC 0.00% of their portfolio | 287.0k $14.7m | Reduced -55.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 286.7k $14.7m | Added +20.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 222.4k $11.4m | Added +55.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 219.8k $11.3m | Added +89.4k |
| HRT FINANCIAL LP 0.06% of their portfolio | 218.6k $11.2m | Added +192.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 204.7k $10.5m | Reduced -387.1k |
| RENAISSANCE GROUP LLC 0.35% of their portfolio | 177.2k $9.1m | Added +68.2k |
| TUDOR INVESTMENT CORP ET AL 0.06% of their portfolio | 166.2k $8.5m | Reduced -15.6k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 152.8k $7.8m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 152.6k $7.8m | Reduced -16.7k |
| CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio | 152.0k $7.8m | Added +42.0k |
| Rathbones Group PLC 0.03% of their portfolio | 136.4k $7.0m | Added +8.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 111.5k $5.7m | Added +35.4k |
| NEXT CENTURY GROWTH INVESTORS LLC 0.38% of their portfolio | 97.2k $5.0m | Reduced -404.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 88.4k $4.5m | Added +10.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 87.8k $4.5m | Added +8.1k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 85.6k $4.4m | Added +15.9k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 76.0k $3.9m | Added +12.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 75.5k $3.9m | Reduced -138.4k |
| GROUP ONE TRADING LLC 0.13% of their portfolio | 74.9k $3.8m | Added +46.8k |
| Informed Momentum Co LLC 0.54% of their portfolio | 69.9k $3.6m | Reduced -5.0k |
| OSAIC HOLDINGS, INC. 0.01% of their portfolio | 68.6k $3.5m | Added +11.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 68.6k $3.5m | Added +25.2k |
| Trexquant Investment LP 0.04% of their portfolio | 65.4k $3.3m | Reduced -112.7k |
| BARCLAYS PLC 0.00% of their portfolio | 62.4k $3.2m | Added +27.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 60.5k $3.1m | Added +42.1k |
| Squarepoint Ops LLC 0.01% of their portfolio | 60.0k $3.1m | Reduced -58.4k |
| Swiss National Bank 0.00% of their portfolio | 60.0k $3.1m | Added +6.6k |
| Uniplan Investment Counsel, Inc. 0.28% of their portfolio | 55.0k $2.8m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 52.1k $2.7m | Added +30.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 51.7k $2.6m | Added +38.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 51.5k $2.6m | Reduced -113.7k |
| LPL Financial LLC 0.00% of their portfolio | 51.3k $2.6m | Added +1.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 49.3k $2.5m | Added +34.7k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 46.2k $2.4m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 45.8k $2.3m | Added +16.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 44.4k $2.3m | Added +6.3k |
| AXIOM INVESTORS LLC /DE 0.02% of their portfolio | 43.8k $2.2m | Reduced -41.5k |
| Legal & General Group Plc 0.00% of their portfolio | 39.8k $2.0m | Added +13.5k |
| Y-Intercept (Hong Kong) Ltd 0.05% of their portfolio | 38.7k $2.0m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 37.9k $1.9m | Reduced -53.1k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.01% of their portfolio | 33.8k $1.7m | Added +6.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 32.5k $1.7m | Added +15.1k |
| Invesco Ltd. 0.00% of their portfolio | 29.3k $1.5m | Added +17.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 29.2k $1.5m | Unchanged |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 26.2k $1.3m | Added +2.7k |
| Verition Fund Management LLC 0.01% of their portfolio | 26.1k $1.3m | Reduced -1.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 25.9k $1.3m | Unchanged |
| WOLVERINE TRADING, LLC 0.03% of their portfolio | 24.7k $1.2m | Added +11.8k |
| Cetera Investment Advisers 0.00% of their portfolio | 24.1k $1.2m | Reduced -11.4k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 23.5k $1.2m | Added +12.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 22.0k $1.1m | Reduced -6.2k |
| Strong Tower Advisory Services 0.22% of their portfolio | 21.9k $1.1m | Reduced -1.3k |
| HUSSMAN STRATEGIC ADVISORS, INC. 0.25% of their portfolio | 21.0k $1.1m | New |
| CARY STREET PARTNERS FINANCIAL LLC 0.03% of their portfolio | 21.0k $1.1m | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 20.7k $1.1m | Reduced -2.3k |
| Scientech Research LLC 0.26% of their portfolio | 20.5k $1.1m | Reduced -12.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 20.4k $1.0m | Added +2.8k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 19.9k $1.0m | Added +4.1k |
| Precision Wealth Strategies, LLC 0.33% of their portfolio | 19.7k $1.0m | Added +7.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 19.6k $1.0m | Added +2.7k |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 19.4k $993.6k | Added +1.4k |
| BENJAMIN EDWARDS INC 0.01% of their portfolio | 19.2k $981.1k | New |
| IMC-Chicago, LLC 0.02% of their portfolio | 19.0k $974.8k | New |
| Brevan Howard Capital Management LP 0.01% of their portfolio | 18.3k $937.1k | Reduced -14.5k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 18.1k $926.8k | Added +2.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 16.6k $850.9k | Added +528 |
| BOSTON FAMILY OFFICE LLC 0.06% of their portfolio | 16.4k $840.0k | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 15.7k $802.3k | Added +1.7k |
| FORA Capital, LLC 0.09% of their portfolio | 15.6k $797.4k | New |
| DARK FOREST CAPITAL MANAGEMENT LP 0.03% of their portfolio | 15.4k $788.0k | Added +5.7k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 15.2k $778.3k | New |
| Hennion & Walsh Asset Management, Inc. 0.03% of their portfolio | 14.8k $758.1k | Added +1.6k |
| Headlands Technologies LLC 0.09% of their portfolio | 14.1k $721.2k | Added +11.6k |
| Atria Wealth Solutions, Inc. 0.02% of their portfolio | 13.7k $701.7k | Added +4.5k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 13.1k $671.0k | New |
| CITIGROUP INC 0.00% of their portfolio | 12.9k $662.5k | Reduced -8.0k |
| Compass Ion Advisors, LLC 0.07% of their portfolio | 12.7k $649.2k | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 12.5k $638.5k | Reduced -130.1k |
| Alta Wealth Advisors LLC 0.29% of their portfolio | 11.8k $604.4k | New |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 11.3k $576.7k | Reduced -5.6k |
| PANAGORA ASSET MANAGEMENT INC 0.00% of their portfolio | 11.1k $566.4k | Added +2.0k |
| AVIVA PLC 0.00% of their portfolio | 11.0k $564.2k | Reduced -1.8k |
| Keebeck Wealth Management 0.07% of their portfolio | 11.0k $562.6k | New |
| SG Americas Securities, LLC 0.00% of their portfolio | 10.6k $545.0k | Reduced -3.0k |