TWILIO INC TWLO
CL A · Common Stock · CUSIP 90138F102 · ISIN US90138F1021
US 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 ($43.4m this quarter). Holder counts are more reliable. Shares outstanding: 153.6m as of 2026-07-24, 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 ≈ $205.35. Options: 41 managers hold calls ($810.2m notional), 29 hold puts ($562.8m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 689 |
| Q4 2022 | 614 |
| Q1 2023 | 659 |
| Q2 2023 | 623 |
| Q3 2023 | 608 |
| Q4 2023 | 662 |
| Q1 2024 | 627 |
| Q2 2024 | 607 |
| Q3 2024 | 612 |
| Q4 2024 | 748 |
| Q1 2025 | 777 |
| Q2 2025 | 824 |
| Q3 2025 | 778 |
| Q4 2025 | 870 |
| Q1 2026 | 819 |
| Q2 2026 | 965 |
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 | 277 | 302 |
| Q4 2024 | 368 | 295 |
| Q1 2025 | 382 | 351 |
| Q2 2025 | 439 | 362 |
| Q3 2025 | 375 | 421 |
| Q4 2025 | 409 | 364 |
| Q1 2026 | 398 | 397 |
| Q2 2026 | 533 | 377 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $413.5m | $482.9m | 1.17 |
| Q4 2025 | $581.3m | $581.4m | 1.00 |
| Q1 2026 | $225.0m | $212.2m | 0.94 |
| Q2 2026 | $810.2m | $562.8m | 0.69 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +2.9m |
| Durable Capital Partners LP | New | +1.8m |
| Capital World Investors | New | +1.8m |
| Jericho Capital Asset Management L.P. | Added | +1.5m |
| Polar Capital Holdings Plc | Added | +1.0m |
| Qube Research & Technologies Ltd | New | +854.3k |
| Whale Rock Capital Management LLC | New | +821.8k |
| FRED ALGER MANAGEMENT, LLC | Added | +640.2k |
| LORD, ABBETT & CO. LLC | New | +560.6k |
| 1832 Asset Management L.P. | New | +555.5k |
Biggest sellers
| FIL Ltd | Reduced | -2.0m |
| CITADEL ADVISORS LLC | Reduced | -1.9m |
| Sachem Head Capital Management LP | Reduced | -1.7m |
| Invesco Ltd. | Reduced | -1.1m |
| ROYAL BANK OF CANADA | Reduced | -1.0m |
| SRS Investment Management, LLC | Reduced | -988.7k |
| Alyeska Investment Group, L.P. | Reduced | -828.7k |
| Slate Path Capital LP | Sold out | -742.8k |
| Point72 Asset Management, L.P. | Reduced | -739.0k |
| Freestone Grove Partners LP | Reduced | -619.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $186.7m904.9k shares |
| CITADEL ADVISORS LLC | Added | $182.4m883.9k shares |
| JANE STREET GROUP, LLC | Added | $133.3m646.1k shares |
| IMC-Chicago, LLC | Added | $93.4m452.7k shares |
| PICTON MAHONEY ASSET MANAGEMENT | New | $49.5m240.0k shares |
| Walleye Trading LLC | Added | $29.0m140.7k shares |
| HRT FINANCIAL LP | Added | $27.5m133.5k shares |
| PEAK6 LLC | Added | $19.3m93.5k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $13.3m64.6k shares |
| SIMPLEX TRADING, LLC | Added | $10.8m52.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $172.7m837.2k shares |
| JANE STREET GROUP, LLC | Added | $83.0m402.2k shares |
| CITIGROUP INC | New | $70.2m340.0k shares |
| IMC-Chicago, LLC | Added | $62.6m303.6k shares |
| CITADEL ADVISORS LLC | Added | $60.3m292.2k shares |
| Walleye Trading LLC | Added | $40.5m196.1k shares |
| Alphadyne Asset Management LP | Added | $8.2m39.7k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $8.0m39.0k shares |
| SIMPLEX TRADING, LLC | Added | $7.4m36.1k shares |
| Twin Tree Management, LP | Reduced | $6.7m32.6k 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-09-04 | 10.7% |
| JPMORGAN CHASE & CO 13G · institution +2.0 pts · filed 2026-07-27 | 8.0% |
| FMR LLC 13G · institution +1.6 pts · filed 2026-02-05 | 7.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.3% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.3% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
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 | 0 | — | 3 | $6.4m | $3.6m |
| Q1 2025 | 0 | — | 2 | $4.3m | $2.3m |
| Q2 2025 | 0 | — | 3 | $6.6m | $5.4m |
| Q3 2025 | 0 | — | 2 | $5.0m | $2.6m |
| Q4 2025 | 0 | — | 3 | $134.6m | $2.3m |
| Q1 2026 | 0 | — | 2 | $5.5m | $2.9m |
| Q2 2026 | 0 | — | 4 | $340.7m | $21.0m |
| Q3 2026 | 0 | — | 4 | $129.5m | $5.7m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-17 | Viggiano Aidan Chief Financial Officer | Sold | $326.9k1.4k shares |
| 2026-08-12 | Stafman Andrew +4 Director · See footnotes | Sold | $123.5m500.0k shares |
| 2026-08-10 | ROTTENBERG ERIKA Director · By Trust | Sold plan | $881.4k3.5k shares |
| 2026-07-06 | Shipchandler Khozema Chief Executive Officer, director | Sold plan | $3.0m14.5k shares |
| 2026-07-02 | Viggiano Aidan Chief Financial Officer | Sold plan | $1.8m8.5k shares |
| 2026-06-30 | Shipchandler Khozema Chief Executive Officer, director | Sold | $2.8m13.9k shares |
| 2026-06-30 | Viggiano Aidan Chief Financial Officer | Sold | $1.8m9.1k shares |
| 2026-06-04 | Shipchandler Khozema Chief Executive Officer, director | Sold plan | $10.4m44.2k shares |
| 2026-06-01 | ROTTENBERG ERIKA Director · By Trust | Sold plan | $398.0k2.0k shares |
| 2026-05-27 | Stafman Andrew +4 Director · See footnotes | Sold | $184.1m1.0m shares |
| 2026-05-26 | Shipchandler Khozema Chief Executive Officer, director | Sold plan | $6.0m32.2k shares |
| 2026-05-19 | Viggiano Aidan Chief Financial Officer | Sold plan | $365.6k1.8k shares |
| 2026-05-15 | Viggiano Aidan Chief Financial Officer | Sold | $271.7k1.4k shares |
| 2026-05-12 | Stafman Andrew +4 Director · See footnotes | Sold | $130.6m675.0k shares |
| 2026-05-04 | ROTTENBERG ERIKA Director · By Trust | Sold plan | $278.0k1.5k shares |
| 2026-04-21 | ROTTENBERG ERIKA Director · By Trust | Sold plan | $268.2k1.8k shares |
| 2026-04-06 | Shipchandler Khozema Chief Executive Officer, director | Sold plan | $2.1m15.7k shares |
| 2026-04-02 | Viggiano Aidan Chief Financial Officer | Sold plan | $1.2m9.4k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.05% of their portfolio | 16.6m $3.4bn | Added +23.9k |
| JPMORGAN CHASE & CO 0.14% of their portfolio | 12.2m $2.4bn | Added +2.9m |
| FMR LLC 0.10% of their portfolio | 11.3m $2.3bn | Reduced -267.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.07% of their portfolio | 7.6m $1.6bn | Reduced -438.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 6.8m $1.4bn | Added +60.6k |
| STATE STREET CORP 0.04% of their portfolio | 6.0m $1.2bn | Added +143.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 2.9m $591.7m | Added +43.5k |
| ALKEON CAPITAL MANAGEMENT LLC 1.86% of their portfolio | 2.3m $481.9m | Added +495.7k |
| ROYAL BANK OF CANADA 0.08% of their portfolio | 2.3m $464.3m | Reduced -1.0m |
| Pictet Asset Management Holding SA 0.44% of their portfolio | 2.2m $463.6m | Reduced -83.8k |
| Jericho Capital Asset Management L.P. 3.74% of their portfolio | 2.2m $452.4m | Added +1.5m |
| NORGES BANK 0.04% of their portfolio | 1.9m $399.4m | Not comparable |
| Durable Capital Partners LP 3.70% of their portfolio | 1.8m $380.9m | New |
| Capital World Investors 0.04% of their portfolio | 1.8m $368.7m | New |
| MORGAN STANLEY 0.02% of their portfolio | 1.7m $357.4m | Reduced -133.0k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 1.7m $350.6m | Reduced -100.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 1.6m $325.1m | Added +101.7k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 1.4m $296.0m | Reduced -58.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.21% of their portfolio | 1.3m $253.2m | Added +84.3k |
| Polar Capital Holdings Plc 0.70% of their portfolio | 1.2m $248.6m | Added +1.0m |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.2m $239.4m | Added +270.7k |
| Amundi 0.06% of their portfolio | 1.2m $237.4m | Added +259.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.1m $232.6m | Reduced -10.7k |
| SRS Investment Management, LLC 2.08% of their portfolio | 1.1m $221.9m | Reduced -988.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.0m $209.8m | Added +41.3k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 965.0k $199.1m | Reduced -51.9k |
| VANGUARD FIDUCIARY TRUST CO 0.04% of their portfolio | 963.3k $198.8m | Added +19.6k |
| Legal & General Group Plc 0.04% of their portfolio | 896.8k $185.0m | Reduced -27.9k |
| UBS Group AG 0.03% of their portfolio | 872.9k $180.1m | Reduced -470.9k |
| Qube Research & Technologies Ltd 0.20% of their portfolio | 854.3k $176.3m | New |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 835.5k $172.4m | Added +80.1k |
| FRED ALGER MANAGEMENT, LLC 0.57% of their portfolio | 830.9k $171.4m | Added +640.2k |
| Allspring Global Investments Holdings, LLC 0.26% of their portfolio | 824.0k $172.5m | Added +340.4k |
| Whale Rock Capital Management LLC 1.36% of their portfolio | 821.8k $169.6m | New |
| Balyasny Asset Management L.P. 0.29% of their portfolio | 755.6k $155.9m | Reduced -348.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.08% of their portfolio | 755.4k $155.9m | Added +141.3k |
| Atreides Management, LP 1.33% of their portfolio | 720.3k $148.6m | Reduced -201.3k |
| Quantinno Capital Management LP 0.17% of their portfolio | 677.7k $139.8m | Added +28.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio | 657.9k $135.7m | Added +66.2k |
| Sachem Head Capital Management LP 2.65% of their portfolio | 620.0k $127.9m | Reduced -1.7m |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 587.3k $121.2m | Reduced -134.4k |
| EARNEST PARTNERS LLC 0.42% of their portfolio | 565.5k $116.7m | Reduced -11.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.10% of their portfolio | 560.6k $115.7m | Added +464.2k |
| LORD, ABBETT & CO. LLC 0.33% of their portfolio | 560.6k $115.7m | New |
| 1832 Asset Management L.P. 0.14% of their portfolio | 555.5k $114.6m | New |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.16% of their portfolio | 529.3k $109.2m | Added +285.0k |
| No Street GP LP 6.32% of their portfolio | 510.0k $105.2m | Reduced -209.0k |
| Robeco Institutional Asset Management B.V. 0.13% of their portfolio | 506.0k $104.4m | Reduced -237.6k |
| TRUIST FINANCIAL CORP 0.12% of their portfolio | 505.1k $104.2m | Added +49.8k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 492.8k $101.7m | Added +182.6k |
| Invesco Ltd. 0.01% of their portfolio | 487.7k $100.6m | Reduced -1.1m |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 469.7k $96.9m | Added +154.1k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 458.9k $94.7m | Reduced -88.7k |
| KBC Group NV 0.20% of their portfolio | 458.4k $94.6m | Reduced -332.1k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 442.9k $91.4m | Reduced -119.7k |
| CITIGROUP INC 0.04% of their portfolio | 434.2k $89.6m | Added +112.7k |
| Nuveen, LLC 0.02% of their portfolio | 433.4k $89.4m | Added +106.6k |
| Artisan Partners Limited Partnership 0.14% of their portfolio | 413.7k $85.4m | New |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.06% of their portfolio | 412.6k $82.0m | Reduced -56.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.09% of their portfolio | 411.9k $84.9m | Added +277.5k |
| Swiss National Bank 0.04% of their portfolio | 406.0k $83.8m | Reduced -39.0k |
| Dorsal Capital Management, LP 2.97% of their portfolio | 400.0k $82.5m | Reduced -300.0k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 399.9k $82.5m | Added +288.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 379.0k $78.2m | Added +70.4k |
| BLAIR WILLIAM & CO/IL 0.20% of their portfolio | 376.4k $77.7m | Added +147.7k |
| Artemis Investment Management LLP 0.68% of their portfolio | 370.1k $76.4m | New |
| GLENMEDE TRUST CO NA 0.33% of their portfolio | 364.9k $75.3m | Reduced -116.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.26% of their portfolio | 346.3k $71.5m | Added +345.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.13% of their portfolio | 320.7k $66.2m | Reduced -115.4k |
| California Public Employees Retirement System 0.04% of their portfolio | 308.1k $63.6m | Added +48.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 306.0k $63.1m | Reduced -6.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 289.2k $59.7m | Added +89.7k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.04% of their portfolio | 280.7k $57.9m | Added +29.1k |
| Pacific Heights Asset Management LLC 1.80% of their portfolio | 275.0k $56.7m | Unchanged |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 273.0k $56.3m | Added +174.6k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.07% of their portfolio | 265.3k $54.7m | Reduced -16.8k |
| National Pension Service 0.03% of their portfolio | 261.3k $53.9m | Added +240.9k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 260.0k $53.6m | Added +148.4k |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 1.38% of their portfolio | 257.9k $53.2m | New |
| CAPITAL FUND MANAGEMENT S.A. 0.37% of their portfolio | 249.0k $51.4m | Added +66.8k |
| Retirement Systems of Alabama 0.15% of their portfolio | 246.7k $50.9m | Reduced -122.6k |
| Assenagon Asset Management S.A. 0.03% of their portfolio | 241.2k $49.8m | Added +169.3k |
| FIL Ltd 0.03% of their portfolio | 230.6k $47.6m | Reduced -2.0m |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 224.9k $46.4m | Reduced -274.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 221.6k $45.7m | Reduced -11.1k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 217.9k $44.0m | Reduced -27.2k |
| Man Group plc 0.08% of their portfolio | 217.2k $44.8m | Reduced -78.9k |
| Caisse de depot et placement du Quebec 0.06% of their portfolio | 216.9k $44.7m | Added +107.3k |
| Point72 Asset Management, L.P. 0.07% of their portfolio | 212.9k $43.9m | Reduced -739.0k |
| Shannon River Fund Management LLC 3.71% of their portfolio | 201.4k $41.5m | New |
| LPL Financial LLC 0.01% of their portfolio | 200.8k $41.4m | Added +56.1k |
| ACADIAN ASSET MANAGEMENT LLC 0.05% of their portfolio | 196.2k $40.5m | Added +83.3k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 194.6k $39.8m | Added +56.0k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.18% of their portfolio | 190.2k $39.3m | Reduced -19.8k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 189.0k $23.8m | Reduced -12.1k |
| Woodline Partners LP 0.12% of their portfolio | 188.6k $38.9m | Reduced -87.0k |
| Zurich Insurance Group Ltd/FI 0.26% of their portfolio | 181.1k $37.4m | New |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 178.4k $36.8m | Reduced -105.9k |
| Vinva Investment Management Ltd 0.23% of their portfolio | 174.0k $34.6m | Reduced -23.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 171.4k $35.4m | Added +9.5k |