Vault-13

NEVRO CORP NVRO

COM · Common Stock · CUSIP 64157F103

141 institutional holders +3 vs Q3 2023
38,850,32238.9m shares reported held*
$836.1mreported value*
18 new 49 added 50 reduced 18 sold out net bought ≈ $49.5m (+2.3m shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $21.52. Options: 13 managers hold calls ($14.3m notional), 12 hold puts ($21.0m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 178Q4 22: 171Q1 23: 160Q2 23: 156Q3 23: 138Q4 23: 141141Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022178
Q4 2022171
Q1 2023160
Q2 2023156
Q3 2023138
Q4 2023141

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 87 bought or addedQ4 22: 82 cut or sold outQ4 22Q1 23: 93 bought or addedQ1 23: 74 cut or sold outQ1 23Q2 23: 87 bought or addedQ2 23: 76 cut or sold outQ2 23Q3 23: 86 bought or addedQ3 23: 68 cut or sold outQ3 23Q4 23: 67 bought or addedQ4 23: 68 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20228782
Q1 20239374
Q2 20238776
Q3 20238668
Q4 20236768

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30mQ1 23 calls: $9.6mQ1 23 puts: $9.7mQ1 23P/C 1.02Q2 23 calls: $6.5mQ2 23 puts: $5.2mQ2 23P/C 0.79Q3 23 calls: $6.6mQ3 23 puts: $6.8mQ3 23P/C 1.02Q4 23 calls: $14.3mQ4 23 puts: $21.0mQ4 23P/C 1.47
Numbers
QuarterCallsPutsP/C
Q1 2023$9.6m$9.7m1.02
Q2 2023$6.5m$5.2m0.79
Q3 2023$6.6m$6.8m1.02
Q4 2023$14.3m$21.0m1.47

Biggest buyers

Engaged Capital LLC New +2,168,163+2.2m
FRED ALGER MANAGEMENT, LLC Added +1,065,454+1.1m
MORGAN STANLEY Added +705,646+705.6k
ArrowMark Colorado Holdings LLC Added +542,949+542.9k
GOLDMAN SACHS GROUP INC Added +431,136+431.1k
Palo Alto Investors LP Added +363,539+363.5k
FEDERATED HERMES, INC. Added +341,343+341.3k
MILLENNIUM MANAGEMENT LLC Added +254,662+254.7k
BlackRock Inc. Added +244,125+244.1k
JANE STREET GROUP, LLC Added +150,764+150.8k

Biggest sellers

NORGES BANK Reduced -1,283,582-1.3m
UBS Group AG Reduced -894,570-894.6k
Assenagon Asset Management S.A. Reduced -348,686-348.7k
Balyasny Asset Management L.P. Reduced -280,493-280.5k
ARMISTICE CAPITAL, LLC Reduced -280,000-280.0k
Point72 Asset Management, L.P. Sold out -277,296-277.3k
CITADEL ADVISORS LLC Reduced -210,212-210.2k
Rock Springs Capital Management LP Reduced -186,600-186.6k
VANGUARD GROUP INC Reduced -164,634-164.6k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Reduced -124,717-124.7k

Biggest calls

Quarry LP New $4.3m200.0k shares
JANE STREET GROUP, LLC Added $2.9m132.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.9m86.7k shares
Caption Management, LLC New $1.1m50.0k shares
CITADEL ADVISORS LLC Reduced $985.6k45.8k shares
SIMPLEX TRADING, LLC Reduced $942.0k43.8k shares
Crawford Fund Management, LLC First filing $484.2k22.5k shares
Squarepoint Ops LLC New $471.3k21.9k shares
MILLENNIUM MANAGEMENT LLC New $430.4k20.0k shares
K2 PRINCIPAL FUND, L.P. New $365.8k17.0k shares

Biggest puts

Jefferies Financial Group Inc. Added $4.4m205.0k shares
JANE STREET GROUP, LLC Added $3.9m182.4k shares
Caption Management, LLC Added $3.8m178.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.0m139.7k shares
CITADEL ADVISORS LLC Added $1.7m77.2k shares
GROUP ONE TRADING LLC Added $1.3m60.0k shares
SIMPLEX TRADING, LLC Added $843.0k39.2k shares
K2 PRINCIPAL FUND, L.P. New $804.8k37.4k shares
Crawford Fund Management, LLC First filing $559.5k26.0k shares
TWO SIGMA SECURITIES, LLC New $484.2k22.5k 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.

HolderStakeChangeShares Last filed
ARMISTICE CAPITAL, LLC 13G · institution filed 2025-08-14 10.0% 689.6k 2025-08-14

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 4,067,2714.1m $87.5m $87.5m 0.00% Reduced -164.6k -164,634
2 BlackRock Inc. 0.00% of their portfolio New York, NY 3,374,0313.4m $72.6m $72.6m 0.00% Added +244.1k +244,125
3 ARMISTICE CAPITAL, LLC 1.82% of their portfolio NEW YORK, NY 3,176,0003.2m $68.3m $68.3m 1.82% Reduced -280.0k -280,000
4 ArrowMark Colorado Holdings LLC 0.72% of their portfolio Denver, CO 3,011,0593.0m $64.8m $64.8m 0.72% Added +542.9k +542,949
5 Engaged Capital LLC 6.83% of their portfolio Newport Beach, CA 2,168,1632.2m $46.7m $46.7m 6.83% New
6 FRED ALGER MANAGEMENT, LLC 0.25% of their portfolio NEW YORK, NY 2,119,2662.1m $45.6m $45.6m 0.25% Added +1.1m +1,065,454
7 BRAIDWELL LP 1.40% of their portfolio STAMFORD, CT 1,776,3681.8m $38.2m $38.2m 1.40% Unchanged
8 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 1,202,9841.2m $25.9m $25.9m 0.04% Added +69.8k +69,835
9 FMR LLC 0.00% of their portfolio BOSTON, MA 1,085,6311.1m $23.4m $23.4m 0.00% Added +1.0k +1,006
10 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,048,0261.0m $22.6m $22.6m 0.00% Added +431.1k +431,136
11 Rock Springs Capital Management LP 0.54% of their portfolio Baltimore, MD 1,025,0001.0m $22.1m $22.1m 0.54% Reduced -186.6k -186,600
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,019,3321.0m $21.9m $21.9m 0.00% Added +705.6k +705,646
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,006,1691.0m $21.7m $21.7m 0.00% Reduced -40.8k -40,764
14 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 942,471942.5k $20.3m $20.3m 0.00% Reduced -105.6k -105,627
15 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 870,080870.1k $18.7m $18.7m 0.02% Added +254.7k +254,662
16 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 768,653768.7k $16.5m $16.5m 0.00% Added +39.1k +39,079
17 Palo Alto Investors LP 1.45% of their portfolio PALO ALTO, CA 750,371750.4k $16.1m $16.1m 1.45% Added +363.5k +363,539
18 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 720,529720.5k $15.5m $15.5m 0.01% Added +3.1k +3,086
19 Balyasny Asset Management L.P. 0.04% of their portfolio Chicago, IL 655,854655.9k $14.1m $14.1m 0.04% Reduced -280.5k -280,493
20 TWO SIGMA ADVISERS, LP 0.03% of their portfolio NEW YORK, NY 519,700519.7k $11.2m $11.2m 0.03% Reduced -5.4k -5,400
21 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 514,151514.2k $11.1m $11.1m 0.03% Added +7.4k +7,401
22 FEDERATED HERMES, INC. 0.02% of their portfolio PITTSBURGH, PA 431,153431.2k $9.3m $9.3m 0.02% Added +341.3k +341,343
23 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 414,711414.7k $8.9m $8.9m 0.01% Added +4.2k +4,243
24 NORGES BANK 0.00% of their portfolio OSLO, Q8 394,893394.9k $8.5m $8.5m 0.00% Reduced -1.3m -1,283,582
25 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 359,189359.2k $7.7m $7.7m 0.00% Added +28.0k +27,990
26 Woodline Partners LP 0.08% of their portfolio San Francisco, CA 329,478329.5k $7.1m $7.1m 0.08% Reduced -26.8k -26,807
27 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 280,528280.5k $6.0m $6.0m 0.00% Added +3.9k +3,860
28 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 279,855279.9k $6.0m $6.0m 0.00% Added +85.7k +85,698
29 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio JUPITER, FL 253,303253.3k $5.5m $5.5m 0.02% Reduced -124.7k -124,717
30 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 231,084231.1k $5.0m $5.0m 0.01% Added +29.4k +29,384
31 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 226,031226.0k $4.9m $4.9m 0.00% Added +866 +866
32 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 211,509211.5k $4.6m $4.6m 0.00% Reduced -34.8k -34,766
33 JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio FLORHAM PARK, NJ 209,185209.2k $4.5m $4.5m 0.02% Unchanged
34 Bellevue Group AG 0.06% of their portfolio ZURICH, V8 197,324197.3k $4.2m $4.2m 0.06% Reduced -847 -847
35 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 196,922196.9k $4.2m $4.2m 0.01% Added +150.8k +150,764
36 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 149,158149.2k $3.2m $3.2m 0.00% Added +31.1k +31,052
37 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 145,819145.8k $3.1m $3.1m 0.00% Reduced -12.8k -12,823
38 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 128,647128.6k $2.8m $2.8m 0.00% Reduced -1.9k -1,886
39 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 127,708127.7k $2.7m $2.7m 0.00% Reduced -210.2k -210,212
40 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 120,793120.8k $2.6m $2.6m 0.00% Added +102.1k +102,062
41 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 100,394100.4k $2.2m $2.2m 0.00% Added +37.6k +37,585
42 Caption Management, LLC 0.23% of their portfolio OKLAHOMA CITY, OK 98,47498.5k $2.1m $2.1m 0.23% New
43 Engineers Gate Manager LP 0.06% of their portfolio NEW YORK, NY 93,27293.3k $2.0m $2.0m 0.06% Added +6.6k +6,618
44 TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio STAMFORD, CT 88,01888.0k $1.9m $1.9m 0.03% Added +15.7k +15,687
45 TD Capital Management LLC 0.21% of their portfolio MEMPHIS, TN 84,64884.6k $1.8m $1.8m 0.21% Unchanged
46 Assenagon Asset Management S.A. 0.01% of their portfolio SENNINGERBERG, N4 79,05679.1k $1.7m $1.7m 0.01% Reduced -348.7k -348,686
47 PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio BOSTON, MA 78,40478.4k $1.7m $1.7m 0.01% Added +449 +449
48 Swiss National Bank 0.00% of their portfolio ZURICH, V8 71,20071.2k $1.5m $1.5m 0.00% Reduced -7.6k -7,600
49 ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio Boston, MA 64,04764.0k $1.4m $1.4m 0.01% Added +33.3k +33,265
50 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 62,78662.8k $1.4m $1.4m 0.00% Added +45.2k +45,154
51 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 62,69962.7k $1.3m $1.3m 0.02% Reduced -13.8k -13,801
52 NOMURA HOLDINGS INC 0.01% of their portfolio TOKYO, M0 59,25059.2k $1.3m $1.3m 0.01% Added +13.0k +13,000
53 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 54,93054.9k $1.2m $1.2m 0.00% Reduced -146 -146
54 Cubist Systematic Strategies, LLC 0.01% of their portfolio STAMFORD, CT 53,99954.0k $1.2m $1.2m 0.01% New
55 Semanteon Capital Management, LP 0.76% of their portfolio NEWTON, MA 52,14652.1k $1.1m $1.1m 0.76% First filing
56 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 46,59346.6k $1.0m $1.0m 0.00% Reduced -90.4k -90,395
57 Jump Financial, LLC 0.03% of their portfolio Chicago, IL 41,48441.5k $892.7k $892.7k 0.03% New
58 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 41,20041.2k $886.6k $886.6k 0.00% Unchanged
59 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 40,63940.6k $874.7k $874.7k 0.00% Added +9.3k +9,345
60 Dynamic Technology Lab Private Ltd 0.09% of their portfolio SINGAPORE, U0 40,13440.1k $864.0k $864.0k 0.09% New
61 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 38,96139.0k $838.4k $838.4k 0.00% Unchanged
62 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 38,49638.5k $828.4k $828.4k 0.00% Added +8.2k +8,247
63 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 38,40438.4k $826.5k $826.5k 0.00% Reduced -15.5k -15,456
64 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 38,01238.0k $819.0k $819.0k 0.00% Added +1.6k +1,583
65 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 38,01238.0k $818.0k $818.0k 0.00% Reduced -1.5k -1,496
66 Bridgewater Associates, LP 0.00% of their portfolio Westport, CT 37,83337.8k $814.2k $814.2k 0.00% Reduced -4.4k -4,434
67 OCCUDO QUANTITATIVE STRATEGIES LP 0.11% of their portfolio FORT LAUDERDALE, FL 37,73937.7k $812.1k $812.1k 0.11% New
68 SIMPLEX TRADING, LLC 0.02% of their portfolio CHICAGO, IL 37,09237.1k $798.0k $798.0k 0.02% Added +18.9k +18,873
69 Legal & General Group Plc 0.00% of their portfolio London, X0 36,93436.9k $794.8k $794.8k 0.00% Reduced -73.1k -73,122
70 Venator Management LLC 0.25% of their portfolio PITTSBURGH, PA 35,00035.0k $753.2k $753.2k 0.25% Added +10.0k +10,000
71 Quantbot Technologies LP 0.04% of their portfolio NEW YORK, NY 29,64329.6k $637.9k $637.9k 0.04% New
72 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 28,29428.3k $608.0k $608.0k 0.00% Added +15.4k +15,380
73 DAFNA Capital Management LLC 0.14% of their portfolio LOS ANGELES, CA 28,00028.0k $602.6k $602.6k 0.14% Unchanged
74 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 27,59227.6k $593.8k $593.8k 0.01% Reduced -1.3k -1,301
75 Jasper Ridge Partners, L.P. 0.02% of their portfolio MENLO PARK, CA 26,01626.0k $559.9k $559.9k 0.02% Unchanged
76 OPPENHEIMER ASSET MANAGEMENT INC. 0.01% of their portfolio NEW YORK, NY 21,14121.1k $455.0k $455.0k 0.01% Added +4.0k +3,976
77 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 20,35020.4k $437.9k $437.9k 0.01% Reduced -98.4k -98,414
78 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 20,22520.2k $435.2k $435.2k 0.00% Reduced -8.2k -8,239
79 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 19,15619.2k $412.2k $412.2k 0.00% Reduced -702 -702
80 CAXTON ASSOCIATES LP 0.02% of their portfolio NEW YORK, NY 18,97019.0k $408.2k $408.2k 0.02% New
81 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 18,94018.9k $407.6k $407.6k 0.00% Unchanged
82 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 17,83717.8k $383.9k $383.9k 0.00% Reduced -4.0k -3,971
83 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 17,65517.7k $379.9k $379.9k 0.00% Reduced -71 -71
84 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 17,52817.5k $377.2k $377.2k 0.00% Reduced -26 -26
85 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 17,18417.2k $369.8k $369.8k 0.00% New
86 PUTNAM INVESTMENTS LLC 0.00% of their portfolio BOSTON, MA 16,89816.9k $363.6k $363.6k 0.00% Reduced -1.6k -1,604
87 Skandinaviska Enskilda Banken AB (publ) 0.00% of their portfolio STOCKHOLM, V7 15,20015.2k $327.1k $327.1k 0.00% Added +10.9k +10,900
88 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 15,00415.0k $322.9k $322.9k 0.00% Unchanged
89 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 14,81814.8k $318.3k $318.3k 0.00% New
90 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 14,80414.8k $318.8k $318.8k 0.00% Reduced -28 -28
91 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 14,50514.5k $312.1k $312.1k 0.00% Reduced -72 -72
92 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 14,42414.4k $310.4k $310.4k 0.00% Added +242 +242
93 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 14,01914.0k $301.7k $301.7k 0.00% New
94 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 13,90513.9k $299.2k $299.2k 0.00% Added +3.4k +3,394
95 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 13,87913.9k $298.7k $298.7k 0.00% Unchanged
96 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 12,91912.9k $279.0k $279.0k 0.00% Added +6.4k +6,369
97 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 11,92311.9k $256.6k $256.6k 0.00% Reduced -97.3k -97,321
98 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 11,76111.8k $253.1k $253.1k 0.01% Added +3.9k +3,892
99 Dorsey & Whitney Trust CO LLC 0.02% of their portfolio SIOUX FALLS, SD 11,58311.6k $249.3k $249.3k 0.02% Reduced -8.9k -8,881
100 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 11,34111.3k $243.0k $243.0k 0.00% Unchanged