PUBMATIC INC PUBM
COM CL A · Common Stock · CUSIP 74467Q103 · ISIN US74467Q1031
- SectorTechnology
- IndustryServices-Computer Programming, Data Processing, Etc.
- HeadquartersRedwood City, CA
- 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 ($402.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.18. Options: 7 managers hold calls ($7.6m notional), 7 hold puts ($9.7m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 157 |
| Q4 2022 | 163 |
| Q1 2023 | 150 |
| Q2 2023 | 142 |
| Q3 2023 | 144 |
| Q4 2023 | 149 |
| Q1 2024 | 180 |
| Q2 2024 | 194 |
| Q3 2024 | 168 |
| Q4 2024 | 162 |
| Q1 2025 | 158 |
| Q2 2025 | 151 |
| Q3 2025 | 150 |
| Q4 2025 | 152 |
| Q1 2026 | 153 |
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 | 106 | 78 |
| Q3 2024 | 86 | 102 |
| Q4 2024 | 71 | 84 |
| Q1 2025 | 76 | 90 |
| Q2 2025 | 78 | 78 |
| Q3 2025 | 74 | 75 |
| Q4 2025 | 81 | 77 |
| Q1 2026 | 86 | 73 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $10.7m | $4.4m | 0.41 |
| Q3 2025 | $10.5m | $4.3m | 0.41 |
| Q4 2025 | $9.6m | $5.3m | 0.56 |
| Q1 2026 | $7.6m | $9.7m | 1.27 |
Biggest buyers
| Whitefort Capital Management, LP | New | +690.0k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +650.2k |
| CenterBook Partners LP | Added | +595.0k |
| Graham Holdings Co | Added | +567.4k |
| S SQUARED TECHNOLOGY, LLC | Added | +395.4k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +321.2k |
| TUDOR INVESTMENT CORP ET AL | Added | +250.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +206.3k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | New | +175.3k |
| Quantinno Capital Management LP | Added | +147.4k |
Biggest sellers
| WELLINGTON MANAGEMENT GROUP LLP | Sold out | -1.2m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -826.1k |
| ALGERT GLOBAL LLC | Sold out | -314.6k |
| TWO SIGMA ADVISERS, LP | Sold out | -182.6k |
| Walleye Capital LLC | Sold out | -156.6k |
| MARSHALL WACE, LLP | Sold out | -145.3k |
| Point72 Asset Management, L.P. | Reduced | -136.6k |
| ROYAL BANK OF CANADA | Reduced | -122.9k |
| CITADEL ADVISORS LLC | Reduced | -117.1k |
| Schonfeld Strategic Advisors LLC | Sold out | -107.9k |
Biggest calls
| Walleye Trading LLC | Added | $4.7m571.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $857.3k104.8k shares |
| CITADEL ADVISORS LLC | Reduced | $826.2k101.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $616.8k75.4k shares |
| JANE STREET GROUP, LLC | Added | $323.1k39.5k shares |
| IMC-Chicago, LLC | Added | $322.3k39.4k shares |
| GROUP ONE TRADING LLC | Reduced | $27.8k3.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.4m655.6k shares |
| CITADEL ADVISORS LLC | Added | $1.9m231.7k shares |
| Walleye Trading LLC | Added | $1.1m130.0k shares |
| GROUP ONE TRADING LLC | Added | $646.2k79.0k shares |
| IMC-Chicago, LLC | Reduced | $452.4k55.3k shares |
| JANE STREET GROUP, LLC | Reduced | $299.4k36.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.3k400 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 |
|---|---|
| Graham Holdings Co 13G · passive investor +1.9 pts · filed 2026-05-15 | 8.9% |
| BlackRock, Inc. 13G · institution filed 2026-01-21 | 7.1% |
Fell to 5% or below in the last year: 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 | — | 7 | $3.5m | $1.0m |
| Q3 2024 | 0 | — | 7 | $3.3m | $2.9m |
| Q4 2024 | 0 | — | 7 | $3.0m | $2.8m |
| Q1 2025 | 0 | — | 7 | $2.4m | $1.6m |
| Q2 2025 | 0 | — | 7 | $2.8m | $2.6m |
| Q3 2025 | 0 | — | 7 | $3.9m | $3.3m |
| Q4 2025 | 0 | — | 7 | $3.2m | $2.7m |
| Q1 2026 | 0 | — | 7 | $3.1m | $2.9m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-30 | Goel Rajeev K. CHIEF EXECUTIVE OFFICER, director | Sold plan | $356.4k44.0k shares |
| 2026-03-09 | Goel Rajeev K. CHIEF EXECUTIVE OFFICER, director | Sold plan | $383.7k44.0k shares |
| 2026-02-17 | Goel Rajeev K. CHIEF EXECUTIVE OFFICER, director | Sold plan | $276.3k44.0k shares |
| 2026-02-17 | Gimbel Lisa CHIEF ACCOUNTING OFFICER | Sold | $8.0k1.3k shares |
| 2026-02-02 | Goel Rajeev K. CHIEF EXECUTIVE OFFICER, director | Sold plan | $319.4k44.0k shares |
| 2026-01-30 | Goel Rajeev K. CHIEF EXECUTIVE OFFICER, director | Sold plan | $158.1k21.6k shares |
| 2026-01-20 | Goel Rajeev K. CHIEF EXECUTIVE OFFICER, director | Sold plan | $332.2k44.0k shares |
| 2026-01-06 | Klimenko Paulina CHIEF GROWTH OFFICER | Sold plan | $107.5k12.3k shares |
| 2026-01-06 | Goel Amar K. CHAIRMAN, CHIEF INNOVATION OFF, director | Sold plan | $62.5k7.2k shares |
| 2026-01-05 | Goel Rajeev K. CHIEF EXECUTIVE OFFICER, director | Sold plan | $387.2k44.0k shares |
| 2026-01-05 | Pantelick Steven CHIEF FINANCIAL OFFICER | Sold plan | $162.1k18.4k shares |
| 2026-01-02 | Goel Rajeev K. CHIEF EXECUTIVE OFFICER, director | Sold plan | $218.1k25.3k shares |
| 2026-01-02 | Pantelick Steven CHIEF FINANCIAL OFFICER | Sold plan | $108.2k12.6k shares |
| 2026-01-02 | Klimenko Paulina CHIEF GROWTH OFFICER | Sold | $77.7k9.0k shares |
| 2026-01-02 | Goel Amar K. CHAIRMAN, CHIEF INNOVATION OFF, director | Sold plan | $45.5k5.3k shares |
| 2026-01-02 | Woods Andrew GENERAL COUNSEL & SECRETARY | Sold | $42.0k4.9k shares |
| 2026-01-01 | Kumar Mukul PRESIDENT, ENGINEERING | Sold | $48.0k5.6k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Graham Holdings Co 2.88% of their portfolio | 3.4m $27.8m | Added +567.4k |
| BlackRock, Inc. 0.00% of their portfolio | 3.1m $25.1m | Reduced -58.1k |
| CenterBook Partners LP 0.77% of their portfolio | 1.7m $14.3m | Added +595.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.6m $13.2m | First filing |
| ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio | 1.6m $12.9m | Added +650.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 1.5m $12.6m | Added +321.2k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.2m $10.2m | Reduced -26.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 950.6k $7.8m | Added +44.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.03% of their portfolio | 932.2k $7.6m | Added +3.0k |
| STATE STREET CORP 0.00% of their portfolio | 791.4k $6.5m | Reduced -38.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 740.3k $6.1m | Reduced -122.9k |
| Whitefort Capital Management, LP 1.72% of their portfolio | 690.0k $5.6m | New |
| S SQUARED TECHNOLOGY, LLC 2.09% of their portfolio | 676.4k $5.5m | Added +395.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 638.8k $5.2m | First filing |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 534.4k $4.4m | Added +60.3k |
| Simcoe Capital LLC 3.65% of their portfolio | 486.3k $4.0m | Added +77.6k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 445.1k $3.6m | Reduced -101.4k |
| Trexquant Investment LP 0.02% of their portfolio | 422.4k $3.5m | Added +115.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 354.2k $2.9m | Added +104.7k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 351.1k $2.9m | Added +250.5k |
| MORGAN STANLEY 0.00% of their portfolio | 341.7k $2.8m | Added +21.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 294.8k $2.4m | Reduced -5.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 290.6k $2.4m | Added +21.0k |
| PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio | 276.3k $2.3m | Added +2.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 240.5k $2.0m | Added +145.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 239.0k $2.0m | Added +94.7k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 230.6k $1.9m | First filing |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 210.0k $1.7m | Added +3.2k |
| Quantinno Capital Management LP 0.00% of their portfolio | 206.8k $1.7m | Added +147.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 206.3k $1.7m | New |
| P.A.W. CAPITAL CORP 1.18% of their portfolio | 180.0k $1.5m | Added +100.0k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 175.3k $1.4m | New |
| Pinnacle Holdings, LLC 0.42% of their portfolio | 157.9k $1.3m | Added +15.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 149.0k $1.2m | Reduced -117.1k |
| Diversified Investment Strategies, LLC 0.73% of their portfolio | 140.0k $1.1m | Added +40.0k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 138.2k $1.1m | Added +44.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 134.0k $1.1m | Reduced -27.9k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 125.0k $1.0m | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 120.8k $987.8k | Reduced -11.4k |
| Invesco Ltd. 0.00% of their portfolio | 117.8k $963.3k | Added +12.3k |
| Man Group plc 0.00% of their portfolio | 117.7k $963.0k | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 113.3k $926.9k | Reduced -8.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 112.3k $918.4k | Reduced -1.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 95.4k $780.6k | Reduced -4.6k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 92.0k $752.7k | Reduced -826.1k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 90.3k $746.9k | Reduced -38.9k |
| GSA CAPITAL PARTNERS LLP 0.05% of their portfolio | 89.1k $728.0k | Added +11.2k |
| Nuveen, LLC 0.00% of their portfolio | 82.9k $678.4k | Added +555 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 82.1k $671.3k | Reduced -63.2k |
| UBS Group AG 0.00% of their portfolio | 78.6k $642.8k | Reduced -65.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 77.2k $631.8k | Added +7.6k |
| BARCLAYS PLC 0.00% of their portfolio | 76.9k $629.1k | Reduced -49.3k |
| Cardinal Point Capital Management ULC 0.04% of their portfolio | 71.5k $584.9k | Added +26.5k |
| XTX Topco Ltd 0.01% of their portfolio | 68.5k $560.0k | Added +46.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 66.4k $543.4k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 66.3k $541.9k | Added +24.0k |
| GROUP ONE TRADING LLC 0.02% of their portfolio | 63.8k $522.2k | Added +59.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 60.7k $496.9k | Reduced -21.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 59.4k $485.9k | Added +40.6k |
| Brevan Howard Capital Management LP 0.00% of their portfolio | 57.8k $472.9k | New |
| Avestar Capital, LLC 0.03% of their portfolio | 55.0k $449.9k | Reduced -95.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 53.3k $436.3k | Added +2.7k |
| Magnetar Financial LLC 0.00% of their portfolio | 50.0k $409.2k | Added +14.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 49.8k $407.0k | Reduced -3.1k |
| Creative Planning 0.00% of their portfolio | 48.2k $394.7k | Added +29.2k |
| FOX RUN MANAGEMENT, L.L.C. 0.07% of their portfolio | 46.7k $379.0k | Reduced -14.8k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 37.4k $306.0k | Reduced -17.0k |
| IMC-Chicago, LLC 0.00% of their portfolio | 36.8k $301.4k | New |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.00% of their portfolio | 36.7k $300.5k | Reduced -18.9k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 36.2k $321.1k | Unchanged |
| STRS OHIO 0.00% of their portfolio | 31.1k $254.4k | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 30.9k $253.0k | Added +8.1k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 27.7k $226.7k | Added +27.4k |
| Allworth Financial LP 0.00% of their portfolio | 25.2k $205.9k | Added +65 |
| GWN SECURITIES INC. 0.04% of their portfolio | 24.6k $201.6k | Added +7.2k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 24.5k $200.4k | Unchanged |
| Squarepoint Ops LLC 0.00% of their portfolio | 23.1k $189.1k | Reduced -44.6k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 22.3k $182.4k | Reduced -136.6k |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 21.0k $171.7k | Added +9.7k |
| MEEDER ASSET MANAGEMENT INC 0.01% of their portfolio | 19.8k $162.1k | New |
| DIVERSIFIED TRUST CO 0.00% of their portfolio | 17.6k $143.7k | Added +3.0k |
| Leibman Financial Services, Inc. 0.10% of their portfolio | 16.3k $133.3k | Reduced -99.3k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 16.0k $130.6k | New |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 15.9k $130.0k | First filing |
| SEI INVESTMENTS CO 0.00% of their portfolio | 15.8k $129.0k | New |
| Jasper Ridge Partners, L.P. 0.00% of their portfolio | 15.0k $123.0k | Unchanged |
| Brooklyn Investment Group 0.00% of their portfolio | 14.2k $116.3k | Reduced -12.7k |
| Focus Partners Wealth 0.00% of their portfolio | 13.9k $133.2k | New |
| WINTON GROUP Ltd 0.00% of their portfolio | 13.2k $108.0k | Reduced -16.5k |
| Walleye Trading LLC 0.00% of their portfolio | 13.1k $107.0k | Reduced -17.5k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 12.5k $101.9k | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 12.4k $101.7k | Unchanged |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 12.3k $101.0k | Reduced -1.4k |
| Cetera Investment Advisers 0.00% of their portfolio | 12.3k $100.3k | Reduced -100 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 11.8k $96.1k | Unchanged |
| Inscription Capital, LLC 0.01% of their portfolio | 11.5k $93.9k | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 10.6k $87.0k | Reduced -1.3k |
| M&T Bank Corp 0.00% of their portfolio | 10.1k $82.6k | Reduced -127 |
| Centiva Capital, LP 0.00% of their portfolio | 10.0k $81.8k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 9.6k $78.9k | Reduced -62.5k |