Vault-13

NICE LTD NICEIT 0 09.15.25

NOTE 9/1 · US DOMESTIC · CUSIP 653656AB4

51 institutional holders -1 vs Q1 2025
21,145,00021.1m shares reported held*
$424.4mreported value*
7 new 13 added 11 reduced 8 sold out net sold ≈ $9.6m (-356.0k 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 ($11.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $20.63.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 47Q4 22: 48Q1 23: 51Q2 23: 50Q3 23: 52Q4 23: 47Q1 24: 55Q2 24: 55Q3 24: 49Q4 24: 51Q1 25: 52Q2 25: 5151Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202247
Q4 202248
Q1 202351
Q2 202350
Q3 202352
Q4 202347
Q1 202455
Q2 202455
Q3 202449
Q4 202451
Q1 202552
Q2 202551

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 20 bought or addedQ3 23: 22 cut or sold outQ4 23: 18 bought or addedQ4 23: 24 cut or sold outQ4 23Q1 24: 21 bought or addedQ1 24: 22 cut or sold outQ2 24: 25 bought or addedQ2 24: 26 cut or sold outQ2 24Q3 24: 26 bought or addedQ3 24: 28 cut or sold outQ4 24: 18 bought or addedQ4 24: 24 cut or sold outQ4 24Q1 25: 21 bought or addedQ1 25: 25 cut or sold outQ2 25: 20 bought or addedQ2 25: 19 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232022
Q4 20231824
Q1 20242122
Q2 20242526
Q3 20242628
Q4 20241824
Q1 20252125
Q2 20252019

Biggest buyers

Verition Fund Management LLC Added +21,428,550+21.4m
Radcliffe Capital Management, L.P. Added +5,812,000+5.8m
OAKTREE CAPITAL MANAGEMENT LP Added +4,058,000+4.1m
LAZARD ASSET MANAGEMENT LLC New +3,329,000+3.3m
Russell Investments Group, Ltd. Added +3,237,000+3.2m
MORGAN STANLEY Added +1,579,000+1.6m
Erste Asset Management GmbH Added +1,000,000+1.0m
ROYAL BANK OF CANADA Added +686,000+686.0k
PALISADE CAPITAL MANAGEMENT, LP Added +250,000+250.0k
CITIGROUP INC New +200,000+200.0k

Biggest sellers

Wellesley Asset Management Reduced -18,999,000-19.0m
JPMORGAN CHASE & CO Reduced -6,223,000-6.2m
M&G PLC Reduced -1,579,000-1.6m
MACQUARIE GROUP LTD Reduced -1,300,000-1.3m
MacKay Shields LLC Reduced -775,000-775.0k
SEI INVESTMENTS CO Sold out -473,000-473.0k
BNP PARIBAS FINANCIAL MARKETS Reduced -350,000-350.0k
Zurcher Kantonalbank (Zurich Cantonalbank) Sold out -300,000-300.0k
STATE STREET CORP Reduced -200,000-200.0k
KBC Group NV Sold out -200,000-200.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Radcliffe Capital Management, L.P. 6.09% of their portfolio BALA CYNWYD, PA 81,181,00081.2m $80.0m $80.0m 6.09% Added +5.8m +5,812,000
2 MacKay Shields LLC 1.84% of their portfolio New York, NY 58,184,00058.2m $57.6m $57.6m 1.84% Reduced -775.0k -775,000
3 Opti Capital Management, LP 2.47% of their portfolio New York, NY 44,142,00044.1m $43.6m $43.6m 2.47% Unchanged
4 DeepCurrents Investment Group LLC 1.38% of their portfolio NEW YORK, NY 38,097,00038.1m $37.7m $37.7m 1.38% Unchanged
5 Sculptor Capital LP 0.48% of their portfolio New York, NY 30,000,00030.0m $29.6m $29.6m 0.48% Unchanged
6 Verition Fund Management LLC 0.12% of their portfolio GREENWICH, CT 21,450,00021.4m $21.2m $21.2m 0.12% Added +21.4m +21,428,550
7 M&G PLC 0.11% of their portfolio London, X0 19,592,00019.6m $19.4m $19.4m 0.11% Reduced -1.6m -1,579,000
8 Wellesley Asset Management 1.53% of their portfolio PORTSMOUTH, NH 16,218,00016.2m $16.0m $16.0m 1.53% Reduced -19.0m -18,999,000
9 KIM, LLC 1.54% of their portfolio WICHITA, KS 15,000,00015.0m $14.9m $14.9m 1.54% Unchanged
10 BERKLEY W R CORP 0.73% of their portfolio Greenwich, CT 11,891,00011.9m $11.7m $11.7m 0.73% Unchanged
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,640,0008.6m $8.5m $8.5m 0.00% Reduced -200.0k -200,000
12 TORONTO DOMINION BANK 0.02% of their portfolio TORONTO, ONTARIO, A6 8,071,0008.1m $7.9m $7.9m 0.02% Added +185.0k +185,000
13 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.04% of their portfolio HARRISBURG, PA 7,885,0007.9m $7.8m $7.8m 0.04% Added +160.0k +160,000
14 PALISADE CAPITAL MANAGEMENT, LP 0.22% of their portfolio FORT LEE, NJ 7,787,0007.8m $7.7m $7.7m 0.22% Added +250.0k +250,000
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 6,824,0006.8m $6.7m $6.7m 0.00% Added +686.0k +686,000
16 OAKTREE CAPITAL MANAGEMENT LP 0.12% of their portfolio LOS ANGELES, CA 6,124,0006.1m $6.1m $6.1m 0.12% Added +4.1m +4,058,000
17 Polar Capital Holdings Plc 0.03% of their portfolio London, X0 6,000,0006.0m $5.9m $5.9m 0.03% Unchanged
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,482,0005.5m $5.4m $5.4m 0.00% Added +1.6m +1,579,000
19 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 4,797,0004.8m $4.7m $4.7m 0.01% Added +3.2m +3,237,000
20 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 4,650,0004.7m $4.6m $4.6m 0.00% Reduced -350.0k -350,000
21 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 3,329,0003.3m $3.3m $3.3m 0.00% New
22 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 3,250,0003.2m $3.2m $3.2m 0.00% Unchanged
23 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,234,0002.2m $2.2m $2.2m 0.00% Reduced -17.0k -17,000
24 FMR LLC 0.00% of their portfolio BOSTON, MA 1,500,0001.5m $1.5m $1.5m 0.00% Unchanged
25 Man Group plc 0.00% of their portfolio LONDON, X0 1,400,0001.4m $1.4m $1.4m 0.00% Unchanged
26 Erste Asset Management GmbH 0.01% of their portfolio VIENNA, C4 1,000,0001.0m $975.0k $975.0k 0.01% Added +1.0m +1,000,000
27 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 1,000,0001.0m $988.0k $988.0k 0.00% Added +1 +1
28 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 600,000600.0k $592.9k $592.9k 0.00% Reduced -1.3m -1,300,000
29 AQR Arbitrage LLC 0.01% of their portfolio Greenwich, CT 300,000300.0k $297.0k $297.0k 0.01% Unchanged
30 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 246,000246.0k $242.3k $242.3k 0.00% Reduced -2.0k -2,000
31 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 200,000200.0k $197.0k $197.0k 0.00% New
32 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 97,00097.0k $95.7k $95.7k 0.00% Unchanged
33 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 86,00086.0k $84.8k $84.8k 0.00% New
34 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 77,00077.0k $75.8k $75.8k 0.00% Added +2.0k +2,000
35 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 65,00065.0k $64.1k $64.1k 0.00% Added +52.0k +52,000
36 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 43,00043.0k $42.5k $42.5k 0.01% Reduced -6.0k -6,000
37 PIPER SANDLER & CO. 0.03% of their portfolio MINNEAPOLIS, MN 40,00040.0k $39.4k $39.4k 0.03% New
38 CSS LLC/IL 0.00% of their portfolio CHICAGO, IL 31,00031.0k $30.6k $30.6k 0.00% New
39 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 26,00026.0k $25.6k $25.6k 0.00% Unchanged
40 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 20,00020.0k $19.6k $19.6k 0.00% Unchanged
41 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 18,00018.0k $17.8k $17.8k 0.00% New
42 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 18,00018.0k $17.6k $17.6k 0.00% Unchanged
43 Rokos Capital Management LLP 0.25% of their portfolio LONDON, X0 15,00015.0k $14.9m $14.9m 0.25% Unchanged
44 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 14,00014.0k $13.8k $13.8k 0.00% Reduced -10.0k -10,000
45 K2 PRINCIPAL FUND, L.P. 1.69% of their portfolio TORONTO, A6 9,3219.3k $9.2m $9.2m 1.69% Unchanged
46 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 9,0009.0k $8.9k $8.9k 0.00% Unchanged
47 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 7,0007.0k $6.9k $6.9k 0.00% Unchanged
48 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,0003.0k $2.9k $2.9k 0.00% Reduced -6.2m -6,223,000
49 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,3301.3k $1.3k $1.3k 0.00% Unchanged
50 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 1,0001.0k $985 $985 0.00% New
51 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged