NAVAN INC NAVN
CL A · Common Stock · CUSIP 639193101
US travel management 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 ($32.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.74. Options: 9 managers hold calls ($25.6m notional), 7 hold puts ($10.3m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2025 | 112 |
| Q1 2026 | 148 |
| Q2 2026 | 208 |
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 2026 | 96 | 54 |
| Q2 2026 | 158 | 62 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $10.3m | $2.4m | 0.24 |
| Q1 2026 | $8.2m | $6.7m | 0.82 |
| Q2 2026 | $25.6m | $10.3m | 0.40 |
Biggest buyers
| BIT Capital GmbH | Added | +5.0m |
| BlackRock, Inc. | Added | +3.9m |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +2.4m |
| ALLIANCEBERNSTEIN L.P. | Added | +2.3m |
| Schonfeld Strategic Advisors LLC | Added | +2.3m |
| BANK OF AMERICA CORP /DE/ | Added | +2.0m |
| VANGUARD CAPITAL MANAGEMENT LLC | Added | +1.6m |
| Walleye Capital LLC | Added | +1.5m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.5m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +1.4m |
Biggest sellers
| GREENOAKS LLC | Reduced | -13.3m |
| LIGHTSPEED MANAGEMENT COMPANY, L.L.C. | Reduced | -8.2m |
| VISTA EQUITY PARTNERS MANAGEMENT, LLC | Sold out | -2.1m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -2.0m |
| ALKEON CAPITAL MANAGEMENT LLC | Reduced | -501.6k |
| MARSHALL WACE, LLP | Sold out | -478.5k |
| UBS Group AG | Reduced | -438.2k |
| StepStone Group LP | Reduced | -425.6k |
| Burkehill Global Management, LP | Sold out | -300.0k |
| LMR Partners LLP | Sold out | -248.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $9.9m435.0k shares |
| CITADEL ADVISORS LLC | Added | $3.6m158.6k shares |
| GROUP ONE TRADING LLC | Added | $3.5m154.5k shares |
| SIMPLEX TRADING, LLC | Added | $2.1m92.9k shares |
| HRT FINANCIAL LP | New | $2.1m90.0k shares |
| JANE STREET GROUP, LLC | Reduced | $1.8m78.9k shares |
| IMC-Chicago, LLC | Added | $1.7m76.5k shares |
| SYMMETRY PEAK MANAGEMENT LLC | New | $571.8k25.0k shares |
| Strategic Blueprint, LLC | New | $205.8k9.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $5.1m223.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.3m102.2k shares |
| IMC-Chicago, LLC | Added | $1.4m62.2k shares |
| JANE STREET GROUP, LLC | Reduced | $958.3k41.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $235.6k10.3k shares |
| Point72 Asset Management, L.P. | New | $233.3k10.2k shares |
| GROUP ONE TRADING LLC | Reduced | $45.7k2.0k 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 |
|---|---|
| ZEEV OREN 13G · exempt (held before listing) new · filed 2026-02-12 | 16.0% |
| AH Parallel Fund V, L.P. 13G · exempt (held before listing) new · filed 2026-02-17 | 11.7% |
| Lightspeed Venture Partners X, L.P. 13G · exempt (held before listing) -1.7 pts · filed 2026-08-14 | 8.4% |
| Twig Ilan Ezra 13G · exempt (held before listing) new · filed 2026-02-17 | 5.3% |
Fell to 5% or below in the last year: GREENOAKS LLC (0.4%, 2026-08-14)
Insider purchases and sales since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 2 | $27.3m | 3 | $53.9m | — |
| Q1 2026 | 2 | $18.0m | 4 | $2.2m | — |
| Q2 2026 | 0 | — | 4 | $52.4m | $1.0m |
| Q3 2026 | 0 | — | 3 | $13.9m | $11.9m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-21 | Cohen Ariel M. Chairperson and CEO, director | Sold | $1.1m50.6k shares |
| 2026-09-21 | Twig Ilan Ezra Chief Technology Officer, director | Sold | $766.6k36.0k shares |
| 2026-09-21 | Sindicich Michael Eric President | Sold | $190.9k9.0k shares |
| 2026-08-27 | Cohen Ariel M. Chairperson and CEO, director | Sold plan | $5.1m168.4k shares |
| 2026-08-27 | Cohen Ariel M. Chairperson and CEO, director · By the Sivan Cohen GST Trust | Sold plan | $2.3m75.0k shares |
| 2026-08-27 | Cohen Ariel M. Chairperson and CEO, director · By the Lihi Cohen GST Trust | Sold plan | $2.3m75.0k shares |
| 2026-08-27 | Cohen Ariel M. Chairperson and CEO, director · By the Shai Cohen GST Trust | Sold plan | $2.3m75.0k shares |
| 2026-07-08 | Lightspeed Venture Partners X, L.P. +9 10% owner · By Lightspeed Management Company, L.L.C. | Sold | $227.8k9.0k shares |
| 2026-07-08 | Lightspeed Venture Partners Select II, L.P. +6 10% owner · By Lightspeed Management Company, L.L.C. | Sold | $227.8k9.0k shares |
| 2026-07-01 | Lightspeed Venture Partners X, L.P. +9 10% owner · By Lightspeed Management Company, L.L.C. | Sold | $260.5k10.6k shares |
| 2026-07-01 | Lightspeed Venture Partners Select II, L.P. +6 10% owner · By Lightspeed Management Company, L.L.C. | Sold | $260.5k10.6k shares |
| 2026-06-22 | Cohen Ariel M. Chairperson and CEO, director | Sold | $874.6k41.5k shares |
| 2026-06-22 | Twig Ilan Ezra Chief Technology Officer, director | Sold | $520.7k24.7k shares |
| 2026-06-22 | Sindicich Michael Eric President | Sold | $45.8k2.2k shares |
| 2026-06-17 | Lightspeed Venture Partners X, L.P. +9 10% owner · By Lightspeed Opportunity Fund, L.P. | Sold | $1.5m77.3k shares |
| 2026-06-17 | Lightspeed Venture Partners Select II, L.P. +5 10% owner · By Lightspeed Opportunity Fund, L.P. | Sold | $1.5m77.3k shares |
| 2026-06-17 | Janmohamed Arif Director · By Lightspeed Opportunity Fund, L.P. | Sold | $1.5m77.3k shares |
| 2026-06-16 | Lightspeed Venture Partners X, L.P. +9 10% owner · By Lightspeed Opportunity Fund, L.P. | Sold | $7.6m398.5k shares |
| 2026-06-16 | Lightspeed Venture Partners Select II, L.P. +5 10% owner · By Lightspeed Opportunity Fund, L.P. | Sold | $7.6m398.5k shares |
| 2026-06-16 | Janmohamed Arif Director · By Lightspeed Opportunity Fund, L.P. | Sold | $7.6m398.5k shares |
| 2026-06-15 | Lightspeed Venture Partners X, L.P. +9 10% owner · By Lightspeed Opportunity Fund, L.P. | Sold | $20.5m1.0m shares |
| 2026-06-15 | Lightspeed Venture Partners Select II, L.P. +5 10% owner · By Lightspeed Opportunity Fund, L.P. | Sold | $20.5m1.0m shares |
| 2026-06-15 | Janmohamed Arif Director · By Lightspeed Opportunity Fund, L.P. | Sold | $20.5m1.0m shares |
| 2026-06-12 | Lightspeed Venture Partners X, L.P. +9 10% owner · By Lightspeed Opportunity Fund, L.P. | Sold | $20.4m1.0m shares |
| 2026-06-12 | Lightspeed Venture Partners Select II, L.P. +5 10% owner · By Lightspeed Opportunity Fund, L.P. | Sold | $20.4m1.0m shares |
| 2026-06-12 | Janmohamed Arif Director · By Lightspeed Opportunity Fund, L.P. | Sold | $20.4m1.0m shares |
| 2026-05-28 | Sindicich Michael Eric President | Sold plan | $1.0m51.2k 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 2026
| Manager | Shares | Change |
|---|---|---|
| LIGHTSPEED MANAGEMENT COMPANY, L.L.C. 39.65% of their portfolio | 41.7m $953.6m | Reduced -8.2m |
| a16z Capital Management, L.L.C. 4.54% of their portfolio | 28.2m $645.4m | Unchanged |
| COSMIC MANAGEMENT, LLC 42.74% of their portfolio | 7.1m $163.3m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 6.7m $153.2m | Added +3.9m |
| Napean Trading & Investment Co (Singapore) PTE Ltd 46.15% of their portfolio | 5.9m $134.3m | Unchanged |
| BIT Capital GmbH 4.09% of their portfolio | 5.2m $119.2m | Added +5.0m |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 4.3m $98.3m | Added +1.5m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 4.0m $91.0m | Added +2.4m |
| Capital International Investors 0.02% of their portfolio | 3.6m $82.3m | Reduced -182.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 3.3m $74.9m | Reduced -2.0m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 3.2m $72.3m | Added +1.6m |
| LORD, ABBETT & CO. LLC 0.17% of their portfolio | 2.7m $60.7m | Added +32.7k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.15% of their portfolio | 2.4m $55.6m | Added +52.8k |
| Schonfeld Strategic Advisors LLC 0.29% of their portfolio | 2.4m $54.7m | Added +2.3m |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 2.4m $31.5m | Added +2.3m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.2m $50.1m | Added +2.0m |
| ALKEON CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 2.2m $50.0m | Reduced -501.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 2.1m $47.5m | Added +1.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.0m $46.7m | Added +1.0m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.07% of their portfolio | 2.0m $46.3m | Added +1.4m |
| STATE STREET CORP 0.00% of their portfolio | 1.8m $40.3m | Added +988.1k |
| Walleye Capital LLC 0.17% of their portfolio | 1.6m $35.9m | Added +1.5m |
| MORGAN STANLEY 0.00% of their portfolio | 1.5m $33.9m | Added +1.2m |
| Nuveen, LLC 0.01% of their portfolio | 1.4m $32.2m | Added +1.4m |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 1.3m $30.8m | Added +1.3m |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.3m $29.6m | New |
| FMR LLC 0.00% of their portfolio | 1.1m $25.9m | Added +1.1m |
| UBS Group AG 0.00% of their portfolio | 1.0m $24.0m | Reduced -438.2k |
| GREENOAKS LLC 0.98% of their portfolio | 1.0m $23.1m | Reduced -13.3m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.09% of their portfolio | 921.9k $21.1m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 864.9k $20.6m | Added +686.6k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.10% of their portfolio | 830.4k $19.0m | Added +212.8k |
| NORGES BANK 0.00% of their portfolio | 826.3k $18.9m | Not comparable |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.96% of their portfolio | 794.0k $18.2m | Added +720.4k |
| E20 Capital Ltd 1.38% of their portfolio | 747.1k $17.1m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 715.0k $16.4m | Added +90.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 704.2k $16.1m | Added +417.5k |
| G2 Investment Partners Management LLC 2.89% of their portfolio | 692.7k $15.8m | Added +578.0k |
| FEDERATED HERMES, INC. 0.02% of their portfolio | 656.1k $15.0m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 646.2k $14.8m | Added +39.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 624.6k $14.3m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 580.1k $13.3m | Reduced -54.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 516.1k $11.8m | Added +170.5k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.03% of their portfolio | 500.0k $11.4m | Reduced -386 |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 470.6k $10.8m | New |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 461.7k $10.6m | New |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 418.3k $9.6m | New |
| Meridiem Capital Partners LP 0.42% of their portfolio | 401.4k $9.2m | New |
| PB INVESTMENT PARTNERS, L.P. 5.74% of their portfolio | 376.9k $8.6m | Reduced -11.9k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.01% of their portfolio | 374.2k $8.6m | New |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 371.9k $8.5m | Added +107.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 340.6k $7.8m | Added +239.7k |
| OSTERWEIS CAPITAL MANAGEMENT INC 0.36% of their portfolio | 337.6k $7.7m | New |
| BARCLAYS PLC 0.00% of their portfolio | 330.5k $7.6m | Added +310.0k |
| Jump Financial, LLC 0.06% of their portfolio | 302.1k $6.9m | Added +267.6k |
| Electric Capital Partners, LLC 6.55% of their portfolio | 292.3k $6.7m | Unchanged |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 284.3k $6.5m | New |
| Verition Fund Management LLC 0.05% of their portfolio | 282.0k $6.4m | New |
| Roubaix Capital, LLC 2.18% of their portfolio | 265.9k $6.1m | New |
| Pier Capital, LLC 0.80% of their portfolio | 264.7k $6.1m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 263.9k $6.0m | New |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 260.1k $5.9m | Added +184.4k |
| Aquatic Capital Management LLC 0.19% of their portfolio | 242.0k $5.5m | New |
| Voleon Capital Management LP 0.08% of their portfolio | 203.3k $4.6m | New |
| Rockingstone Advisors LLC 1.85% of their portfolio | 201.7k $4.6m | New |
| ARDSLEY ADVISORY PARTNERS LP 0.50% of their portfolio | 200.0k $4.6m | New |
| Lunate Capital Ltd 2.33% of their portfolio | 200.0k $4.6m | Unchanged |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 171.3k $3.9m | New |
| Trexquant Investment LP 0.02% of their portfolio | 158.7k $3.6m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 157.8k $3.6m | Added +128.0k |
| Liberty Mutual Group Asset Management Inc. 0.30% of their portfolio | 148.2k $3.4m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 147.3k $3.4m | Added +67.6k |
| Sonoma Private Wealth LLC 3.59% of their portfolio | 146.3k $3.3m | New |
| Ibex Investors LLC 1.72% of their portfolio | 146.2k $3.3m | New |
| Quantinno Capital Management LP 0.00% of their portfolio | 139.0k $3.2m | Added +23.4k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.06% of their portfolio | 138.3k $3.2m | Added +107.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 125.7k $2.9m | Reduced -174.7k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 122.0k $2.8m | Added +77.6k |
| Lisanti Capital Growth, LLC 0.60% of their portfolio | 120.1k $2.7m | New |
| ANTIPODES PARTNERS Ltd 0.05% of their portfolio | 114.9k $2.6m | Reduced -19.4k |
| Quantbot Technologies LP 0.10% of their portfolio | 111.1k $2.5m | Added +97.5k |
| Board of Trustees of The Leland Stanford Junior University 0.47% of their portfolio | 110.6k $2.5m | Unchanged |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 108.2k $2.5m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 102.4k $2.3m | Added +32.4k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.01% of their portfolio | 91.3k $2.1m | Reduced -27.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 83.1k $1.9m | Added +9.1k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 81.3k $1.9m | New |
| Persistent Asset Partners Ltd 0.58% of their portfolio | 79.8k $1.8m | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 73.9k $1.7m | New |
| LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 0.07% of their portfolio | 73.6k $1.7m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 71.8k $1.6m | Reduced -65.5k |
| WILSON ASSET MANAGEMENT (INTERNATIONAL) PTY LTD 0.44% of their portfolio | 70.0k $1.6m | New |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 69.1k $1.6m | New |
| Jackson Creek Investment Advisors LLC 0.59% of their portfolio | 66.5k $1.8m | New |
| Man Group plc 0.00% of their portfolio | 63.4k $1.5m | New |
| MetLife Investment Management, LLC 0.01% of their portfolio | 61.1k $1.4m | Added +39.8k |
| StepStone Group LP 0.06% of their portfolio | 58.3k $1.3m | Reduced -425.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 57.6k $1.3m | New |
| Corient Private Wealth LP 0.00% of their portfolio | 57.3k $1.3m | New |
| Invesco Ltd. 0.00% of their portfolio | 55.5k $1.3m | Added +33.0k |