WAYSTAR HLDG CORP WAY
COM · Common Stock · CUSIP 946784105
- SectorTechnology
- IndustryServices-Computer Integrated Systems Design
- HeadquartersLehi, UT
- 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 ($936.9k this quarter). Holder counts are more reliable. Shares outstanding: 191.7m as of 2026-07-23, 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 ≈ $20.53. Options: 11 managers hold calls ($15.4m notional), 10 hold puts ($13.8m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2024 | 93 |
| Q3 2024 | 119 |
| Q4 2024 | 167 |
| Q1 2025 | 227 |
| Q2 2025 | 269 |
| Q3 2025 | 302 |
| Q4 2025 | 300 |
| Q1 2026 | 307 |
| Q2 2026 | 302 |
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 | 84 | 47 |
| Q4 2024 | 113 | 50 |
| Q1 2025 | 183 | 51 |
| Q2 2025 | 191 | 86 |
| Q3 2025 | 204 | 125 |
| Q4 2025 | 179 | 156 |
| Q1 2026 | 187 | 156 |
| Q2 2026 | 180 | 161 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $42.6m | $24.9m | 0.58 |
| Q4 2025 | $14.8m | $20.2m | 1.36 |
| Q1 2026 | $19.5m | $17.1m | 0.88 |
| Q2 2026 | $15.4m | $13.8m | 0.90 |
Biggest buyers
| BANK OF MONTREAL /CAN/ | Added | +1.7m |
| GOLDENTREE ASSET MANAGEMENT LP | Added | +1.7m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.5m |
| Greenvale Capital LLP | New | +1.5m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +1.2m |
| ALTA FOX CAPITAL MANAGEMENT, LLC | New | +1.0m |
| MORGAN STANLEY | Added | +1.0m |
| Sunriver Management LLC | New | +855.0k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP | New | +848.5k |
| BlackRock, Inc. | Added | +769.7k |
Biggest sellers
| PointState Capital LP | Reduced | -2.7m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.7m |
| RTW INVESTMENTS, LP | Sold out | -1.6m |
| ArrowMark Colorado Holdings LLC | Reduced | -1.6m |
| NEUBERGER BERMAN GROUP LLC | Reduced | -1.0m |
| Artisan Partners Limited Partnership | Reduced | -729.2k |
| Sio Capital Management, LLC | Reduced | -716.4k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -664.7k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | Sold out | -601.2k |
| BAMCO INC /NY/ | Reduced | -538.0k |
Biggest calls
| Blue Door Asset Management, LLC | Added | $3.6m175.0k shares |
| CITADEL ADVISORS LLC | Added | $3.3m159.8k shares |
| GROUP ONE TRADING LLC | Added | $2.7m133.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.0m95.0k shares |
| JANE STREET GROUP, LLC | Added | $1.7m81.5k shares |
| IMC-Chicago, LLC | Added | $903.3k44.0k shares |
| Caption Management, LLC | Reduced | $472.2k23.0k shares |
| Walleye Trading LLC | Added | $439.3k21.4k shares |
| Walleye Capital LLC | Reduced | $268.9k13.1k shares |
| PEAK6 LLC | New | $20.5k1.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.7m230.4k shares |
| Caption Management, LLC | Added | $3.6m173.0k shares |
| CITADEL ADVISORS LLC | Added | $2.2m106.8k shares |
| GROUP ONE TRADING LLC | Added | $1.3m65.0k shares |
| IMC-Chicago, LLC | Added | $843.8k41.1k shares |
| JANE STREET GROUP, LLC | Added | $544.0k26.5k shares |
| Walleye Trading LLC | Added | $246.4k12.0k shares |
| SIMPLEX TRADING, LLC | Added | $236.1k11.5k shares |
| Walleye Capital LLC | Reduced | $102.7k5.0k shares |
| ROYAL BANK OF CANADA | Unchanged | $29.0k1.4k 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 |
|---|---|
| Derby LuxCo S.a r.l. 13G · exempt (held before listing) -4.5 pts · filed 2025-11-07 | 14.2% |
| FMR LLC 13G · institution +2.9 pts · filed 2026-08-07 | 10.2% |
| CANADA PENSION PLAN INVESTMENT BOARD 13G · exempt (held before listing) -4.4 pts · filed 2025-11-13 | 9.9% |
| BlackRock, Inc. 13G · institution new · filed 2025-10-17 | 9.1% |
| BCPE Derby Investor, LP 13G · exempt (held before listing) -3.0 pts · filed 2025-11-14 | 5.9% |
ADVENT INTERNATIONAL, L.P.
13D · may seek influence
new · filed 2025-10-03
Stated purposeThe Reporting Persons hold the reported securities for investment purposes, but intend to review their investment in the Issuer on an ongoing basis and may seek to increase or decrease their position in the Issuer by purchasing additional Common Stock and/or other equity, debt, notes or other financial instruments related to the Issuer (including, for this purpose, any rights or securities exercisable or convertible into securities of the Issuer) or by selling or otherwise disposing of some or all of the reported Common Stock, other equity, debts, notes or other financial instruments (which dispositions may include distributions of some or all of such securities to such Reporting Person's respective members, stockholders, partners or beneficiaries, as applicable, transferring Issuer securi… Full filing |
5.8% |
Fell to 5% or below in the last year: 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 | 0 | — | 1 | $564.8k | $564.8k |
| Q1 2025 | 0 | — | 6 | $228.6m | $10.5m |
| Q2 2025 | 0 | — | 7 | $153.0m | $7.5m |
| Q3 2025 | 0 | — | 7 | $182.9m | $14.5m |
| Q4 2025 | 0 | — | 4 | $2.0m | $1.5m |
| Q1 2026 | 1 | $189.0k | 1 | $1.2m | $1.2m |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 1 | $5.8m | $5.8m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-02 | Hawkins Matthew J. Chief Executive Officer, director | Sold plan | $2.1m82.5k shares |
| 2026-08-13 | Hawkins Matthew J. Chief Executive Officer, director | Sold plan | $1.5m60.0k shares |
| 2026-08-11 | Hawkins Matthew J. Chief Executive Officer, director | Sold plan | $562.4k22.5k shares |
| 2026-07-16 | Hawkins Matthew J. Chief Executive Officer, director | Sold plan | $852.0k36.9k shares |
| 2026-07-15 | Hawkins Matthew J. Chief Executive Officer, director | Sold plan | $761.9k33.1k 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 |
|---|---|---|
| EQT Fund Management S.a r.l. 59.21% of their portfolio | 24.9m $510.8m | Unchanged |
| CANADA PENSION PLAN INVESTMENT BOARD 0.22% of their portfolio | 19.0m $390.6m | Unchanged |
| BlackRock, Inc. 0.01% of their portfolio | 17.4m $358.0m | Added +769.7k |
| FMR LLC 0.01% of their portfolio | 15.0m $308.9m | Added +83.1k |
| Bain Capital Investors LLC 5.65% of their portfolio | 13.2m $271.9m | Unchanged |
| Advent International, L.P. 1.28% of their portfolio | 11.1m $227.1m | Unchanged |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 6.6m $136.0m | Added +219.5k |
| GOLDENTREE ASSET MANAGEMENT LP 7.34% of their portfolio | 6.2m $126.3m | Added +1.7m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 5.2m $106.8m | Added +55.2k |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 5.2m $106.5m | Added +1.7m |
| STATE STREET CORP 0.00% of their portfolio | 4.6m $93.9m | Added +283.0k |
| Artisan Partners Limited Partnership 0.12% of their portfolio | 3.7m $75.5m | Reduced -729.2k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 3.7m $75.0m | Added +1.5m |
| NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio | 3.6m $74.6m | Reduced -1.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.1m $63.4m | Added +196.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 2.9m $60.3m | Added +1.2m |
| UBS Group AG 0.01% of their portfolio | 2.9m $59.2m | Added +731.5k |
| Jupiter Topco LLC 0.02% of their portfolio | 2.9m $59.0m | First filing |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.7m $54.6m | Added +614.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.6m $53.0m | Added +517.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 2.3m $46.7m | Added +692.7k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.35% of their portfolio | 2.1m $43.3m | Added +506.3k |
| MORGAN STANLEY 0.00% of their portfolio | 2.0m $40.8m | Added +1.0m |
| BAMCO INC /NY/ 0.06% of their portfolio | 1.8m $36.7m | Reduced -538.0k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.17% of their portfolio | 1.6m $33.5m | Added +402.0k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.67% of their portfolio | 1.6m $32.6m | Added +421.9k |
| Clarkston Capital Partners, LLC 2.71% of their portfolio | 1.6m $32.0m | Added +609.7k |
| Thrivent Financial for Lutherans 0.05% of their portfolio | 1.6m $32.0m | Reduced -37.9k |
| Greenvale Capital LLP 3.39% of their portfolio | 1.5m $30.8m | New |
| Capital Research Global Investors 0.00% of their portfolio | 1.5m $30.1m | Reduced -144.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.3m $26.3m | Added +34.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.3m $26.0m | Added +146.2k |
| AVENIR CORP 2.86% of their portfolio | 1.1m $23.5m | Added +171.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.1m $21.7m | Added +49.4k |
| ALTA FOX CAPITAL MANAGEMENT, LLC 4.29% of their portfolio | 1.0m $21.3m | New |
| PointState Capital LP 0.37% of their portfolio | 1.0m $21.2m | Reduced -2.7m |
| Select Equity Group, L.P. 0.11% of their portfolio | 1.0m $20.6m | Added +80.2k |
| Blue Door Asset Management, LLC 10.29% of their portfolio | 974.0k $20.0m | Added +262.2k |
| Sio Capital Management, LLC 3.26% of their portfolio | 925.8k $19.0m | Reduced -716.4k |
| CITIGROUP INC 0.01% of their portfolio | 909.1k $18.7m | Added +135.0k |
| BAIN CAPITAL VENTURE INVESTORS, LLC 13.65% of their portfolio | 883.0k $18.1m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 880.2k $18.1m | Reduced -1.7m |
| Sunriver Management LLC 2.76% of their portfolio | 855.0k $17.6m | New |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.35% of their portfolio | 848.5k $17.4m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 845.1k $17.3m | Added +26.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 793.5k $16.3m | Added +148.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 764.8k $15.7m | Added +64.9k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 761.5k $15.6m | Reduced -23.8k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 663.2k $13.6m | Added +170.0k |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 656.1k $13.5m | Added +579.9k |
| Longaeva Partners L.P. 0.37% of their portfolio | 631.7k $13.0m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 586.7k $12.0m | Reduced -11.0k |
| ArrowMark Colorado Holdings LLC 0.50% of their portfolio | 585.4k $12.0m | Reduced -1.6m |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 555.5k $11.4m | Reduced -664.7k |
| NORGES BANK 0.00% of their portfolio | 554.2k $11.4m | Not comparable |
| RA CAPITAL MANAGEMENT, L.P. 0.09% of their portfolio | 529.4k $10.9m | Unchanged |
| Mawer Investment Management Ltd. 0.07% of their portfolio | 480.1k $9.9m | Added +26.9k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 458.9k $9.4m | Added +308.9k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.28% of their portfolio | 426.4k $8.8m | Added +18.9k |
| USS Investment Management Ltd 0.03% of their portfolio | 410.1k $8.4m | New |
| Public Sector Pension Investment Board 0.02% of their portfolio | 395.4k $8.1m | Reduced -15.3k |
| Invesco Ltd. 0.00% of their portfolio | 391.7k $8.0m | Added +46.2k |
| Main Street Financial Solutions, LLC 0.51% of their portfolio | 387.6k $8.0m | Reduced -100 |
| Nuveen, LLC 0.00% of their portfolio | 379.6k $7.8m | Added +22.0k |
| RENAISSANCE GROUP LLC 0.30% of their portfolio | 358.5k $7.4m | Added +86.9k |
| MARATHON CAPITAL MANAGEMENT 1.31% of their portfolio | 315.3k $6.5m | New |
| Bellevue Group AG 0.13% of their portfolio | 293.6k $6.0m | Added +37.5k |
| Weiss Asset Management LP 0.07% of their portfolio | 289.1k $5.9m | Not comparable |
| OSTERWEIS CAPITAL MANAGEMENT INC 0.27% of their portfolio | 281.4k $5.8m | New |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.03% of their portfolio | 264.9k $5.4m | Not comparable |
| Legal & General Group Plc 0.00% of their portfolio | 258.1k $5.3m | Added +20.0k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 256.5k $5.3m | Reduced -31.1k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 254.0k $5.2m | Reduced -116.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 245.2k $5.0m | Reduced -51.0k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 238.8k $4.9m | Added +21.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 237.6k $4.9m | Reduced -151.5k |
| Swiss National Bank 0.00% of their portfolio | 230.7k $4.7m | Added +3.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 218.1k $4.5m | Reduced -14.4k |
| Walleye Capital LLC 0.02% of their portfolio | 215.7k $4.4m | Reduced -223.3k |
| Parkman Healthcare Partners LLC 0.43% of their portfolio | 204.0k $4.2m | Reduced -239.1k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 201.1k $4.1m | New |
| Roubaix Capital, LLC 1.41% of their portfolio | 191.2k $3.9m | Reduced -8.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 189.1k $3.9m | Reduced -14.8k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 187.3k $3.8m | Reduced -46.1k |
| BLAIR WILLIAM & CO/IL 0.01% of their portfolio | 183.2k $3.8m | Added +55.7k |
| Rhenman & Partners Asset Management AB 0.35% of their portfolio | 178.6k $3.7m | Reduced -164.0k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 176.9k $3.6m | Added +131.2k |
| Mariner, LLC 0.00% of their portfolio | 176.3k $3.6m | Added +61.9k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.07% of their portfolio | 172.4k $3.5m | Unchanged |
| WINTON GROUP Ltd 0.11% of their portfolio | 169.9k $3.5m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 169.6k $3.5m | Reduced -26.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 164.6k $3.4m | Reduced -433.9k |
| Bullseye Asset Management LLC 1.71% of their portfolio | 164.2k $3.4m | Added +38.2k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio | 138.1k $2.8m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 137.0k $2.8m | Reduced -3.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 134.3k $3.2m | Added +6.1k |
| Gotham Asset Management, LLC 0.01% of their portfolio | 130.9k $2.7m | Reduced -47.3k |
| Cerity Partners LLC 0.00% of their portfolio | 130.1k $2.7m | Reduced -42.6k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 129.1k $2.7m | Added +12.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 111.9k $2.3m | Added +55.2k |