PDF SOLUTIONS INC PDFS
COM · Common Stock · CUSIP 693282105 · ISIN US6932821050
Company based in San Jose, California
* 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 ($1.0m this quarter). Holder counts are more reliable. Shares outstanding: 39.9m as of 2026-05-04, 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 ≈ $32.70. Options: 2 managers hold calls ($379.4k notional), 2 hold puts ($1.2m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 136 |
| Q4 2022 | 151 |
| Q1 2023 | 179 |
| Q2 2023 | 181 |
| Q3 2023 | 185 |
| Q4 2023 | 199 |
| Q1 2024 | 181 |
| Q2 2024 | 174 |
| Q3 2024 | 177 |
| Q4 2024 | 179 |
| Q1 2025 | 169 |
| Q2 2025 | 174 |
| Q3 2025 | 183 |
| Q4 2025 | 189 |
| Q1 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 |
|---|---|---|
| Q2 2024 | 84 | 90 |
| Q3 2024 | 85 | 84 |
| Q4 2024 | 82 | 87 |
| Q1 2025 | 88 | 87 |
| Q2 2025 | 104 | 66 |
| Q3 2025 | 104 | 82 |
| Q4 2025 | 97 | 84 |
| Q1 2026 | 104 | 77 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $8.6k | $0 | 0.00 |
| Q3 2025 | $485.4k | $0 | 0.00 |
| Q4 2025 | $37.1k | $20.0k | 0.54 |
| Q1 2026 | $379.4k | $1.2m | 3.16 |
Biggest buyers
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | New | +1.1m |
| Ophir Asset Management Pty Ltd | Added | +414.2k |
| LOOMIS SAYLES & CO L P | Added | +361.9k |
| DF DENT & CO INC | New | +353.0k |
| JANUS HENDERSON GROUP PLC | Added | +123.5k |
| Ranger Investment Management, L.P. | Added | +109.6k |
| SNYDER CAPITAL MANAGEMENT L P | Added | +105.0k |
| Inspire Advisors, LLC | New | +84.2k |
| NEEDHAM INVESTMENT MANAGEMENT LLC | Added | +57.7k |
| LPL Financial LLC | Added | +52.1k |
Biggest sellers
| Samjo Management, LLC | Reduced | -231.1k |
| ArrowMark Colorado Holdings LLC | Reduced | -136.7k |
| Divisar Capital Management LLC | Reduced | -136.5k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC | Sold out | -107.6k |
| Pillsbury Lake Capital LLC | Reduced | -105.4k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | Reduced | -102.9k |
| Squarepoint Ops LLC | Reduced | -86.6k |
| EMERALD ADVISERS, LLC | Reduced | -82.6k |
| TWO SIGMA INVESTMENTS, LP | Sold out | -65.0k |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -59.4k |
Biggest calls
| CITADEL ADVISORS LLC | New | $372.9k11.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $6.5k200 shares |
Biggest puts
| JANE STREET GROUP, LLC | New | $1.2m36.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $9.8k300 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 |
|---|---|
| KIBARIAN JOHN KACHIG 13G · exempt (held before listing) no change · filed 2026-02-17 | 6.5% |
| WASATCH ADVISORS LP 13G · institution new · filed 2026-10-09 | 6.3% |
| NEEDHAM INVESTMENT MANAGEMENT LLC 13G · institution +0.2 pts · filed 2026-05-14 | 5.1% |
Fell to 5% or below in the last year: ADVANTEST CORP (0.0%, 2026-05-27), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q1 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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 2 | $1.1m | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 2 | $406.8k | — |
| Q1 2025 | 2 | $1.2m | 0 | — | — |
| Q2 2025 | 1 | $145.9k | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 4.9m $159.2m | Reduced -19.1k |
| NEEDHAM INVESTMENT MANAGEMENT LLC 3.38% of their portfolio | 2.0m $66.2m | Added +57.7k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 1.4m $45.8m | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.4m $45.4m | First filing |
| Ranger Investment Management, L.P. 3.03% of their portfolio | 1.3m $41.9m | Added +109.6k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.14% of their portfolio | 1.3m $41.1m | Reduced -102.9k |
| STATE STREET CORP 0.00% of their portfolio | 1.2m $39.0m | Added +40.8k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.12% of their portfolio | 1.1m $37.3m | New |
| Ophir Asset Management Pty Ltd 4.33% of their portfolio | 1.1m $37.2m | Added +414.2k |
| SNYDER CAPITAL MANAGEMENT L P 0.67% of their portfolio | 1.1m $34.7m | Added +105.0k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 1.0m $33.9m | Added +123.5k |
| Samjo Management, LLC 13.01% of their portfolio | 920.0k $30.1m | Reduced -231.1k |
| EMERALD ADVISERS, LLC 0.89% of their portfolio | 860.8k $28.2m | Reduced -82.6k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 845.7k $27.7m | Added +44.7k |
| LOOMIS SAYLES & CO L P 0.04% of their portfolio | 827.1k $27.1m | Added +361.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 802.2k $26.2m | Added +32.1k |
| Divisar Capital Management LLC 5.20% of their portfolio | 623.4k $20.4m | Reduced -136.5k |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.94% of their portfolio | 594.6k $19.4m | Unchanged |
| WASATCH ADVISORS LP 0.11% of their portfolio | 507.7k $16.6m | Reduced -14.6k |
| Silverberg Bernstein Capital Management LLC 8.52% of their portfolio | 472.9k $15.5m | Reduced -1.0k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 441.7k $14.4m | Added +34.3k |
| ArrowMark Colorado Holdings LLC 0.31% of their portfolio | 356.6k $11.7m | Reduced -136.7k |
| DF DENT & CO INC 0.22% of their portfolio | 353.0k $11.5m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 352.6k $11.5m | Added +4.6k |
| MORGAN STANLEY 0.00% of their portfolio | 341.8k $11.2m | Reduced -57.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 328.9k $10.8m | Reduced -59.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 308.2k $10.1m | Added +1.3k |
| FMR LLC 0.00% of their portfolio | 302.2k $9.9m | Added +35.1k |
| Pillsbury Lake Capital LLC 4.01% of their portfolio | 270.7k $8.9m | Reduced -105.4k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 221.1k $7.2m | First filing |
| HERALD INVESTMENT MANAGEMENT Ltd 0.91% of their portfolio | 200.0k $6.5m | Reduced -25.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 190.5k $6.2m | Reduced -7.3k |
| Roubaix Capital, LLC 2.78% of their portfolio | 181.9k $6.0m | Reduced -38.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 156.5k $5.1m | Added +3.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 151.0k $4.9m | Reduced -38.8k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.27% of their portfolio | 147.8k $4.8m | Added +127 |
| Invesco Ltd. 0.00% of their portfolio | 144.3k $4.7m | Added +8.2k |
| Squarepoint Ops LLC 0.01% of their portfolio | 130.9k $4.3m | Reduced -86.6k |
| Public Sector Pension Investment Board 0.01% of their portfolio | 114.5k $3.7m | Added +3.8k |
| Nuveen, LLC 0.00% of their portfolio | 112.0k $3.7m | Added +1.4k |
| Gem Investment Advisors, LLC 3.39% of their portfolio | 105.5k $3.5m | Unchanged |
| BROWN CAPITAL MANAGEMENT LLC 0.48% of their portfolio | 104.3k $3.4m | Reduced -20.8k |
| UBS Group AG 0.00% of their portfolio | 101.3k $3.3m | Added +38.2k |
| Bridge City Capital, LLC 0.91% of their portfolio | 100.8k $3.3m | Reduced -1.6k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.23% of their portfolio | 90.8k $3.0m | Reduced -25.7k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 90.4k $3.0m | Added +48.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 85.8k $2.8m | Added +5.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 84.5k $2.8m | Added +2.1k |
| Inspire Advisors, LLC 0.22% of their portfolio | 84.2k $2.8m | New |
| Lisanti Capital Growth, LLC 0.67% of their portfolio | 81.4k $2.7m | Reduced -24.2k |
| Legal & General Group Plc 0.00% of their portfolio | 74.4k $2.4m | Reduced -7.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 72.4k $2.4m | Added +23.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 67.2k $2.2m | Reduced -13.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 65.8k $2.2m | Added +3.0k |
| LPL Financial LLC 0.00% of their portfolio | 62.5k $2.0m | Added +52.1k |
| Swiss National Bank 0.00% of their portfolio | 62.4k $2.0m | Unchanged |
| Dana Investment Advisors, Inc. 0.06% of their portfolio | 62.1k $2.0m | Added +6.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 59.8k $2.0m | Added +2.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 52.3k $1.7m | Reduced -6.5k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 51.4k $1.7m | Added +10.8k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 51.0k $1.7m | Reduced -2.2k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 48.6k $1.6m | Added +2.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 48.5k $1.6m | Added +6.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 45.0k $1.3m | Added +1.2k |
| Legato Capital Management LLC 0.13% of their portfolio | 43.8k $1.4m | Reduced -9.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 41.2k $1.3m | Reduced -11.6k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio | 39.8k $1.3m | Reduced -15.6k |
| Creative Planning 0.00% of their portfolio | 38.9k $1.3m | Added +1.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 38.8k $1.3m | Added +23.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 36.9k $1.2m | Added +1.5k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 36.3k $1.2m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 36.3k $1.2m | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 34.6k $1.1m | Reduced -5.3k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 33.6k $1.1m | Added +3.1k |
| Williams Jones Wealth Management, LLC. 0.01% of their portfolio | 32.0k $1.0m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 30.7k $1.0m | Reduced -238 |
| GSA CAPITAL PARTNERS LLP 0.06% of their portfolio | 30.4k $994.0k | Added +3.6k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 25.0k $820.0k | Unchanged |
| CROWN ADVISORS MANAGEMENT, INC. 0.54% of their portfolio | 25.0k $817.0k | Not comparable |
| Kings Path Partners LLC 0.28% of their portfolio | 24.5k $801.4k | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 22.9k $749.0k | Added +3.7k |
| Campbell & CO Investment Adviser LLC 0.04% of their portfolio | 22.1k $723.4k | New |
| Quantinno Capital Management LP 0.00% of their portfolio | 21.7k $708.4k | Added +3.2k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 21.4k $699.0k | Reduced -629 |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 21.1k $691.7k | First filing |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 20.5k $670.7k | Reduced -826 |
| Penn Capital Management Company, LLC 0.05% of their portfolio | 20.0k $653.4k | Unchanged |
| Numerai GP LLC 0.06% of their portfolio | 19.6k $640.2k | Added +12.1k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 19.3k $631.3k | Unchanged |
| Vident Advisory, LLC 0.01% of their portfolio | 19.2k $628.4k | New |
| Man Group plc 0.00% of their portfolio | 18.8k $614.2k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 18.7k $611.4k | Unchanged |
| XTX Topco Ltd 0.01% of their portfolio | 18.3k $598.6k | New |
| CVA Family Office, LLC 0.06% of their portfolio | 17.8k $581.4k | Unchanged |
| CenterBook Partners LP 0.03% of their portfolio | 17.4k $569.3k | Reduced -17.1k |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 17.3k $563.0k | Reduced -334 |
| NATIXIS ADVISORS, LLC 0.00% of their portfolio | 17.0k $557.0k | Added +949 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 16.4k $569.9k | Added +373 |
| Illinois Municipal Retirement Fund 0.01% of their portfolio | 16.4k $536.0k | Added +1.7k |
| Inspire Investing, LLC 0.03% of their portfolio | 15.9k $520.0k | Reduced -373 |