VARONIS SYS INC VRNS
COM · Common Stock · CUSIP 922280102 · ISIN US9222801022
User behaviour analytics tools UBA
- SectorTechnology
- IndustryServices-Prepackaged Software
- HeadquartersMiami, FL
- Founded2005
- Websitevaronis.com
- 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 ($17.0m this quarter). Holder counts are more reliable. Shares outstanding: 114.9m 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 ≈ $42.08. Options: 17 managers hold calls ($143.7m notional), 15 hold puts ($55.8m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 248 |
| Q4 2022 | 256 |
| Q1 2023 | 275 |
| Q2 2023 | 255 |
| Q3 2023 | 246 |
| Q4 2023 | 297 |
| Q1 2024 | 313 |
| Q2 2024 | 325 |
| Q3 2024 | 342 |
| Q4 2024 | 356 |
| Q1 2025 | 325 |
| Q2 2025 | 337 |
| Q3 2025 | 363 |
| Q4 2025 | 321 |
| Q1 2026 | 303 |
| Q2 2026 | 351 |
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 | 166 | 157 |
| Q4 2024 | 190 | 153 |
| Q1 2025 | 165 | 171 |
| Q2 2025 | 177 | 155 |
| Q3 2025 | 188 | 148 |
| Q4 2025 | 160 | 205 |
| Q1 2026 | 181 | 149 |
| Q2 2026 | 215 | 130 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $130.3m | $1.5m | 0.01 |
| Q4 2025 | $97.3m | $20.3m | 0.21 |
| Q1 2026 | $60.1m | $6.4m | 0.11 |
| Q2 2026 | $143.7m | $55.8m | 0.39 |
Biggest buyers
| CADIAN CAPITAL MANAGEMENT, LP | New | +1.6m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.5m |
| BlackRock, Inc. | Added | +1.5m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +1.3m |
| FRANKLIN RESOURCES INC | Added | +1.2m |
| Nuveen, LLC | Added | +1.2m |
| NEUBERGER BERMAN GROUP LLC | Added | +946.0k |
| MILLENNIUM MANAGEMENT LLC | New | +775.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +749.5k |
| WELLINGTON MANAGEMENT GROUP LLP | New | +732.4k |
Biggest sellers
| Pictet Asset Management Holding SA | Reduced | -3.1m |
| Alyeska Investment Group, L.P. | Reduced | -2.3m |
| CITADEL ADVISORS LLC | Reduced | -1.5m |
| BAMCO INC /NY/ | Sold out | -1.2m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.0m |
| Point72 Asset Management, L.P. | Sold out | -656.2k |
| JANE STREET GROUP, LLC | Reduced | -611.4k |
| Phoenix Financial Ltd. | Sold out | -557.8k |
| Penserra Capital Management LLC | Reduced | -371.1k |
| Trexquant Investment LP | Sold out | -343.9k |
Biggest calls
| UBS Group AG | Reduced | $71.1m1.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $18.7m445.9k shares |
| Verition Fund Management LLC | Added | $12.3m293.0k shares |
| GROUP ONE TRADING LLC | Added | $11.1m265.4k shares |
| CITADEL ADVISORS LLC | Added | $7.4m175.4k shares |
| Walleye Trading LLC | Added | $4.4m104.1k shares |
| MILLENNIUM MANAGEMENT LLC | New | $4.1m97.5k shares |
| Point72 Asset Management, L.P. | Added | $4.0m94.3k shares |
| SOROS FUND MANAGEMENT LLC | New | $2.3m53.7k shares |
| IMC-Chicago, LLC | Added | $2.2m51.8k shares |
Biggest puts
| Oribel Capital Management, LP | New | $18.6m444.1k shares |
| SIMPLEX TRADING, LLC | Added | $9.2m218.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.2m148.7k shares |
| PEAK6 LLC | New | $5.2m125.0k shares |
| CITADEL ADVISORS LLC | Added | $4.1m96.7k shares |
| GROUP ONE TRADING LLC | Added | $3.3m79.6k shares |
| Walleye Trading LLC | Added | $2.2m52.7k shares |
| IMC-Chicago, LLC | Added | $2.1m49.2k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $1.9m45.7k shares |
| Parallax Volatility Advisers, L.P. | New | $839.2k20.0k 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 2025-07-17 | 9.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO 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 | — | 2 | $7.9m | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $300.0k | $300.0k |
| Q3 2025 | 0 | — | 2 | $6.4m | $6.4m |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 4 | $1.2m | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 12.8m $536.6m | Added +1.5m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 7.6m $317.4m | Added +82.1k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 5.0m $209.2m | Reduced -114.1k |
| TREMBLANT CAPITAL GROUP 4.52% of their portfolio | 3.7m $157.3m | Added +170.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.13% of their portfolio | 3.7m $156.1m | Added +1.3m |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.50% of their portfolio | 3.3m $139.8m | Added +749.5k |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 3.2m $134.2m | Added +394.6k |
| NEUBERGER BERMAN GROUP LLC 0.09% of their portfolio | 3.1m $130.2m | Added +946.0k |
| STATE STREET CORP 0.00% of their portfolio | 3.1m $128.5m | Added +154.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.0m $125.7m | Added +111.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 2.9m $123.8m | Added +1.5m |
| Penserra Capital Management LLC 0.81% of their portfolio | 2.5m $105.8m | Reduced -371.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.10% of their portfolio | 2.4m $101.4m | Added +260.3k |
| Clearbridge Investments, LLC 0.08% of their portfolio | 2.3m $98.0m | Reduced -25.7k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.14% of their portfolio | 2.3m $95.3m | Added +115.6k |
| AMERICAN CAPITAL MANAGEMENT INC 4.22% of their portfolio | 2.2m $94.1m | Reduced -86.7k |
| Stephens Investment Management Group LLC 0.97% of their portfolio | 2.2m $90.6m | Added +166.2k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.9m $79.3m | Reduced -311.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.7m $70.0m | Added +305.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.08% of their portfolio | 1.6m $67.7m | Added +41.7k |
| CADIAN CAPITAL MANAGEMENT, LP 5.04% of their portfolio | 1.6m $66.5m | New |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 1.6m $66.1m | Added +464.5k |
| Nuveen, LLC 0.01% of their portfolio | 1.5m $61.7m | Added +1.2m |
| Clal Insurance Enterprises Holdings Ltd 0.28% of their portfolio | 1.5m $61.3m | Unchanged |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 1.3m $54.4m | Reduced -106.4k |
| FMR LLC 0.00% of their portfolio | 1.3m $53.7m | Added +167.4k |
| Senvest Management, LLC 1.56% of their portfolio | 1.3m $53.3m | Reduced -178.1k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.2m $52.2m | Added +1.2m |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 1.1m $47.4m | Reduced -1.0m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.1m $47.3m | Added +63.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.0m $43.3m | Reduced -1.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 945.0k $39.7m | Added +92.8k |
| MORGAN STANLEY 0.00% of their portfolio | 865.8k $36.3m | Reduced -280.1k |
| EMERALD ADVISERS, LLC 0.83% of their portfolio | 841.2k $35.3m | Reduced -27.8k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 816.5k $34.3m | Added +5.8k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 775.3k $32.5m | New |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 732.4k $30.7m | New |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 714.9k $29.9m | Added +193.6k |
| ACADIAN ASSET MANAGEMENT LLC 0.03% of their portfolio | 610.1k $25.6m | Added +590.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 565.1k $23.7m | Added +290.6k |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.82% of their portfolio | 555.9k $23.3m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 541.6k $22.7m | Reduced -102.9k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 533.5k $22.4m | Added +505.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 532.1k $22.3m | Reduced -20.1k |
| Verition Fund Management LLC 0.15% of their portfolio | 495.1k $20.8m | Added +137.2k |
| HRT FINANCIAL LP 0.05% of their portfolio | 479.9k $20.1m | Added +297.0k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 464.2k $19.5m | Added +175 |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 463.6k $19.5m | Reduced -1.5m |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 459.4k $19.3m | Reduced -77.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 455.6k $19.1m | Added +107.4k |
| Oribel Capital Management, LP 1.55% of their portfolio | 444.1k $18.6m | Added +278.8k |
| ROYCE & ASSOCIATES LP 0.13% of their portfolio | 384.4k $16.1m | New |
| Kopion Asset Management, LLC 10.13% of their portfolio | 382.1k $16.0m | Reduced -113.6k |
| THAMES CAPITAL MANAGEMENT LLC 1.32% of their portfolio | 381.3k $16.0m | New |
| HERALD INVESTMENT MANAGEMENT Ltd 2.17% of their portfolio | 380.8k $16.0m | Reduced -82.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 358.7k $15.1m | Added +515 |
| MARSHALL WACE, LLP 0.01% of their portfolio | 335.7k $14.1m | Added +115.8k |
| BARCLAYS PLC 0.00% of their portfolio | 313.5k $13.2m | Added +65.8k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 309.4k $13.0m | Added +33.1k |
| Alyeska Investment Group, L.P. 0.03% of their portfolio | 301.1k $12.6m | Reduced -2.3m |
| CAPITAL FUND MANAGEMENT S.A. 0.09% of their portfolio | 293.9k $12.3m | Added +227.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 287.1k $12.0m | Added +17.2k |
| IEQ CAPITAL, LLC 0.06% of their portfolio | 285.1k $12.0m | Added +77.8k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.38% of their portfolio | 279.3k $11.7m | Reduced -46.8k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 274.3k $11.5m | Added +82.0k |
| Vident Advisory, LLC 0.08% of their portfolio | 249.6k $10.5m | Added +30.4k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 236.1k $9.9m | Added +33.1k |
| Swiss National Bank 0.00% of their portfolio | 224.0k $9.4m | Reduced -9.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 202.3k $8.5m | Added +63.7k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 200.5k $8.4m | Reduced -200.5k |
| Man Group plc 0.02% of their portfolio | 197.5k $8.3m | Reduced -44.5k |
| Erste Asset Management GmbH 0.06% of their portfolio | 190.0k $7.7m | New |
| Schonfeld Strategic Advisors LLC 0.04% of their portfolio | 186.7k $7.8m | Added +168.5k |
| BW Gestao de Investimentos Ltda. 0.18% of their portfolio | 178.3k $7.5m | Added +6.8k |
| Creative Planning 0.00% of their portfolio | 171.6k $7.2m | Added +62.3k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 171.3k $7.2m | Added +79.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 169.1k $7.1m | Reduced -35.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 166.1k $7.0m | Reduced -25.9k |
| CITIGROUP INC 0.00% of their portfolio | 165.5k $6.9m | Added +100.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 158.8k $6.7m | Added +23.6k |
| PANAGORA ASSET MANAGEMENT INC 0.02% of their portfolio | 155.6k $6.5m | Added +3.2k |
| NICHOLAS COMPANY, INC. 0.12% of their portfolio | 153.9k $6.5m | Added +75 |
| MIROVA 0.23% of their portfolio | 150.0k $6.3m | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 150.0k $6.3m | Added +5.5k |
| IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.40% of their portfolio | 148.5k $6.2m | Added +20.3k |
| Jupiter Topco LLC 0.00% of their portfolio | 140.7k $5.9m | First filing |
| ALGERT GLOBAL LLC 0.07% of their portfolio | 137.8k $5.8m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 136.3k $5.7m | Reduced -611.4k |
| Invesco Ltd. 0.00% of their portfolio | 136.2k $5.7m | Reduced -11.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 133.6k $2.9m | Added +11.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 132.2k $5.5m | Reduced -5 |
| PINEBRIDGE INVESTMENTS LLC 0.05% of their portfolio | 130.8k $5.5m | New |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 124.7k $5.2m | New |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.11% of their portfolio | 120.2k $5.0m | Reduced -2.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 117.8k $4.9m | Reduced -266.8k |
| Focus Partners Wealth 0.01% of their portfolio | 117.5k $4.9m | Added +11.2k |
| Jain Global LLC 0.06% of their portfolio | 116.7k $4.9m | New |
| SG Americas Securities, LLC 0.00% of their portfolio | 110.7k $4.6m | Reduced -218.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 109.5k $4.6m | Reduced -275.3k |
| Mariner, LLC 0.00% of their portfolio | 104.4k $4.4m | Added +29.9k |