SABRE CORP SABR
COM · Common Stock · CUSIP 78573M104
American travel technology 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 ($225.7k this quarter). Holder counts are more reliable. Shares outstanding: 403.6m as of 2026-07-30, 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 ≈ $2.09. Options: 9 managers hold calls ($12.9m notional), 10 hold puts ($3.8m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 326 |
| Q4 2022 | 298 |
| Q1 2023 | 269 |
| Q2 2023 | 253 |
| Q3 2023 | 285 |
| Q4 2023 | 278 |
| Q1 2024 | 259 |
| Q2 2024 | 242 |
| Q3 2024 | 259 |
| Q4 2024 | 245 |
| Q1 2025 | 275 |
| Q2 2025 | 266 |
| Q3 2025 | 249 |
| Q4 2025 | 248 |
| Q1 2026 | 244 |
| Q2 2026 | 252 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 104 | 116 |
| Q4 2024 | 111 | 108 |
| Q1 2025 | 124 | 111 |
| Q2 2025 | 131 | 128 |
| Q3 2025 | 103 | 138 |
| Q4 2025 | 116 | 118 |
| Q1 2026 | 119 | 131 |
| Q2 2026 | 122 | 107 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $12.4m | $19.7m | 1.59 |
| Q4 2025 | $11.9m | $6.2m | 0.52 |
| Q1 2026 | $12.0m | $5.0m | 0.42 |
| Q2 2026 | $12.9m | $3.8m | 0.30 |
Biggest buyers
| Arini Capital Management Ltd | Added | +41.6m |
| UBS Group AG | Added | +7.8m |
| MORGAN STANLEY | Added | +3.9m |
| GOLDMAN SACHS GROUP INC | Added | +3.2m |
| U S GLOBAL INVESTORS INC | Added | +2.4m |
| Penn Capital Management Company, LLC | New | +1.1m |
| D. E. Shaw & Co., Inc. | Added | +605.0k |
| ARISTEIA CAPITAL, L.L.C. | Added | +532.1k |
| Prescott Group Capital Management, L.L.C. | Added | +500.0k |
| MARINER INVESTMENT GROUP LLC | New | +400.0k |
Biggest sellers
| Discerene Group LP | Reduced | -2.0m |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -1.9m |
| Saba Capital Management, L.P. | Reduced | -1.8m |
| Graham Capital Management, L.P. | Sold out | -1.7m |
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -1.2m |
| BlackRock, Inc. | Reduced | -1.0m |
| EARNEST PARTNERS LLC | Reduced | -825.3k |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -640.1k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -337.5k |
| Mitsubishi UFJ Trust & Banking Corp | Sold out | -259.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.0m1.9m shares |
| CITADEL ADVISORS LLC | Added | $2.7m1.3m shares |
| WHITEBOX ADVISORS LLC | Unchanged | $2.1m1.0m shares |
| MILLENNIUM MANAGEMENT LLC | New | $2.1m1.0m shares |
| IMC-Chicago, LLC | Reduced | $557.2k266.6k shares |
| GROUP ONE TRADING LLC | Reduced | $544.4k260.5k shares |
| JANE STREET GROUP, LLC | Reduced | $416.5k199.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $317.3k151.8k shares |
| Walleye Trading LLC | Added | $176.8k84.6k shares |
Biggest puts
| UBS Group AG | Unchanged | $702.2k336.0k shares |
| IMC-Chicago, LLC | Reduced | $683.0k326.8k shares |
| GROUP ONE TRADING LLC | Reduced | $582.1k278.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $518.3k248.0k shares |
| Caption Management, LLC | Unchanged | $501.6k240.0k shares |
| Walleye Trading LLC | Reduced | $303.1k145.0k shares |
| HRT FINANCIAL LP | Reduced | $300.0k144.0k shares |
| CITADEL ADVISORS LLC | Reduced | $212.3k101.6k shares |
| SIMPLEX TRADING, LLC | Added | $33.2k15.9k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Unchanged | $2.5k1.2k 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 |
|---|---|
CONSTELLATION SOFTWARE INC
13D · may seek influence
new · filed 2026-03-05
Stated purposeThe Reporting Persons acquired the Shares based on the Reporting Persons' belief that the Shares, when acquired, represented an attractive investment opportunity. Subject to the Agreement (as defined below), depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable. On March 5, 2026 (the "Effective Date"), certain of the Reporting Persons and the Issuer entered i… Full filing |
12.7% |
| BlackRock, Inc. 13G · institution -2.1 pts · filed 2026-10-27 | 11.9% |
| Discerene Group LP 13G · institution +0.1 pts · filed 2026-05-15 | 9.9% |
| Arini Captial Management Ltd 13G · passive investor +4.2 pts · filed 2026-05-15 | 9.3% |
| EARNEST PARTNERS LLC 13G · institution -1.0 pts · filed 2026-08-14 | 6.0% |
Fell to 5% or below in the last year: Fundsmith LLP (2.3%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-27)
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 | 1 | $36.3k | 0 | — | — |
| Q1 2025 | 0 | — | 1 | $103.1k | $103.1k |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Arini Capital Management Ltd 11.21% of their portfolio | 78.2m $163.4m | Added +41.6m |
| BlackRock, Inc. 0.00% of their portfolio | 54.7m $114.4m | Reduced -1.0m |
| Discerene Group LP 8.72% of their portfolio | 37.1m $77.6m | Reduced -2.0m |
| EARNEST PARTNERS LLC 0.18% of their portfolio | 23.7m $49.5m | Reduced -825.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 15.4m $32.2m | Reduced -1.2m |
| Apollo Management Holdings, L.P. 0.42% of their portfolio | 14.4m $30.1m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 13.8m $28.9m | Added +86.0k |
| Erste Asset Management GmbH 0.20% of their portfolio | 11.9m $25.2m | Unchanged |
| OAK HILL ADVISORS LP 3.03% of their portfolio | 10.2m $21.3m | Unchanged |
| U S GLOBAL INVESTORS INC 1.99% of their portfolio | 9.9m $20.7m | Added +2.4m |
| UBS Group AG 0.00% of their portfolio | 9.6m $20.1m | Added +7.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 9.6m $20.0m | Added +163.9k |
| Fundsmith LLP 0.14% of their portfolio | 9.0m $18.8m | Unchanged |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 8.5m $17.8m | Reduced -58.9k |
| Prescott Group Capital Management, L.L.C. 1.34% of their portfolio | 7.4m $15.5m | Added +500.0k |
| MORGAN STANLEY 0.00% of their portfolio | 7.3m $15.3m | Added +3.9m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 5.7m $12.0m | Added +3.2m |
| NZS Capital, LLC 0.30% of their portfolio | 5.5m $11.5m | Added +2.7k |
| Ampfield Management, L.P. 10.91% of their portfolio | 5.2m $10.9m | Added +58.5k |
| Saba Capital Management, L.P. 0.30% of their portfolio | 4.7m $9.8m | Reduced -1.8m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 3.9m $8.1m | Added +145.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 3.4m $7.1m | Added +72.2k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.8m $5.9m | Reduced -337.5k |
| Invesco Ltd. 0.00% of their portfolio | 2.8m $5.8m | Added +28.0k |
| COOPER CREEK PARTNERS MANAGEMENT LLC 0.23% of their portfolio | 2.6m $5.5m | Unchanged |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 2.6m $5.4m | Reduced -25.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 2.0m $4.2m | Reduced -20.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 1.9m $4.0m | Reduced -8.3k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 1.6m $3.4m | Reduced -640.1k |
| Public Sector Pension Investment Board 0.01% of their portfolio | 1.4m $2.8m | Reduced -57.8k |
| WHITEBOX ADVISORS LLC 0.04% of their portfolio | 1.3m $2.6m | Reduced -5.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 1.2m $2.5m | Added +43.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.2m $2.5m | Added +125.6k |
| CastleKnight Management LP 0.08% of their portfolio | 1.1m $2.3m | Unchanged |
| Penn Capital Management Company, LLC 0.14% of their portfolio | 1.1m $2.3m | New |
| Delta Investment Management, LLC 0.37% of their portfolio | 1.1m $2.3m | Added +271.2k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 974.6k $2.0m | Reduced -1.9m |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 910.3k $1.9m | Reduced -218.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 910.3k $1.9m | Reduced -205.0k |
| Nuveen, LLC 0.00% of their portfolio | 906.6k $1.9m | Added +115.8k |
| CM Management, LLC 1.19% of their portfolio | 900.0k $1.9m | Reduced -99.9k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 899.5k $1.9m | Added +605.0k |
| FMR LLC 0.00% of their portfolio | 839.6k $1.8m | Added +10.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 728.7k $1.5m | Added +59.5k |
| Voleon Capital Management LP 0.02% of their portfolio | 642.5k $1.3m | Added +389.2k |
| Legal & General Group Plc 0.00% of their portfolio | 599.9k $1.3m | Reduced -34.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 595.8k $1.2m | Reduced -37.5k |
| ARISTEIA CAPITAL, L.L.C. 0.02% of their portfolio | 564.1k $1.2m | Added +532.1k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 517.5k $1.1m | Added +17.5k |
| Tidal Investments LLC 0.00% of their portfolio | 494.4k $1.0m | Reduced -110.9k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 407.2k $851.0k | Unchanged |
| MARINER INVESTMENT GROUP LLC 0.20% of their portfolio | 400.0k $836.0k | New |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 395.5k $826.6k | Added +289.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 394.2k $824.0k | Added +29.8k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.01% of their portfolio | 389.9k $814.9k | Reduced -3.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 367.1k $532.3k | Reduced -6.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 322.8k $675.0k | Added +11.2k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 321.9k $672.7k | Added +185.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 321.0k $670.9k | Added +22.4k |
| SIMON QUICK ADVISORS, LLC 0.03% of their portfolio | 314.6k $657.4k | Reduced -185.4k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 311.0k $649.9k | Added +74.6k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 291.0k $608.0k | Unchanged |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 259.6k $543.0k | Reduced -4.0k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 248.8k $520.1k | Reduced -87.3k |
| Creative Planning 0.00% of their portfolio | 244.4k $510.8k | Added +18.2k |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 240.4k $502.5k | Reduced -30.5k |
| Squarepoint Ops LLC 0.00% of their portfolio | 235.5k $492.2k | New |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 230.5k $481.7k | Added +195.6k |
| Gotham Asset Management, LLC 0.00% of their portfolio | 227.9k $476.3k | Added +147.4k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 225.8k $471.8k | New |
| Cerity Partners LLC 0.00% of their portfolio | 211.6k $442.3k | Added +119.3k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 198.4k $414.6k | Added +11.6k |
| Quadrature Capital Ltd 0.00% of their portfolio | 194.3k $406.2k | New |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 190.7k $397.0k | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 176.7k $369.2k | Added +141.6k |
| Louisiana State Employees Retirement System 0.01% of their portfolio | 173.3k $362.2k | Reduced -1.8k |
| Unifi Asset Management LP 0.25% of their portfolio | 171.7k $358.8k | Reduced -170.0k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 171.0k $357.5k | Added +3.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 165.2k $345.2k | Reduced -130.4k |
| CITIGROUP INC 0.00% of their portfolio | 161.4k $337.3k | Reduced -11.9k |
| RBF Capital, LLC 0.01% of their portfolio | 160.0k $334.4k | Reduced -30.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 157.0k $328.1k | Reduced -16.9k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 154.9k $323.8k | Added +5.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 150.8k $319.6k | Reduced -25.9k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 137.7k $216.1k | Added +30.8k |
| AXQ CAPITAL, LP 0.03% of their portfolio | 135.2k $282.5k | New |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 130.2k $272.0k | Reduced -67.5k |
| SG Americas Securities, LLC 0.00% of their portfolio | 122.4k $256.0k | Reduced -55.0k |
| HARBOR CAPITAL ADVISORS, INC. 0.02% of their portfolio | 118.1k $247.0k | Added +4.5k |
| XTX Topco Ltd 0.00% of their portfolio | 117.8k $246.1k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 115.8k $242.0k | Added +28.4k |
| CONNABLE OFFICE INC 0.02% of their portfolio | 111.5k $233.1k | Reduced -17.7k |
| Caption Management, LLC 0.01% of their portfolio | 108.9k $227.5k | Unchanged |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 106.8k $223.2k | Added +1.3k |
| AMALGAMATED BANK 0.00% of their portfolio | 104.7k $219.0k | Reduced -8.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 104.2k $217.9k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 101.8k $213.0k | Added +96.9k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 100.4k $209.9k | New |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 100.4k $209.9k | Unchanged |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 99.2k $207.4k | Added +10.2k |