SAPIENS INTL CORP N V SPNS
SHS · Common Stock · CUSIP G7T16G103 · ISIN KYG7T16G1039
* 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 ($11.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $43.51. Options: 1 managers hold calls ($31.9k notional), 2 hold puts ($772).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 115 |
| Q4 2022 | 117 |
| Q1 2023 | 122 |
| Q2 2023 | 134 |
| Q3 2023 | 142 |
| Q4 2023 | 152 |
| Q1 2024 | 157 |
| Q2 2024 | 159 |
| Q3 2024 | 171 |
| Q4 2024 | 171 |
| Q1 2025 | 175 |
| Q2 2025 | 166 |
| Q3 2025 | 167 |
| Q4 2025 | 32 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 79 | 70 |
| Q2 2024 | 88 | 64 |
| Q3 2024 | 84 | 63 |
| Q4 2024 | 74 | 81 |
| Q1 2025 | 89 | 60 |
| Q2 2025 | 80 | 70 |
| Q3 2025 | 101 | 94 |
| Q4 2025 | 14 | 144 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $140.9k | $8.1k | 0.06 |
| Q2 2025 | $0 | $0 | — |
| Q3 2025 | $5.6m | $683.1k | 0.12 |
| Q4 2025 | $31.9k | $772 | 0.02 |
Biggest buyers
| XTX Topco Ltd | New | +11.7k |
| Brooklyn Investment Group | New | +6.0k |
| KRYGER CAPITAL Ltd | Added | +3.2k |
| MERCER GLOBAL ADVISORS INC /ADV | Added | +898 |
| Farther Finance Advisors, LLC | Added | +208 |
| EverSource Wealth Advisors, LLC | Added | +122 |
| SIMPLEX TRADING, LLC | New | +100 |
| GAMMA Investing LLC | Added | +86 |
| Parallel Advisors, LLC | Added | +7 |
| MassMutual Private Wealth & Trust, FSB | Added | +7 |
Biggest sellers
| FIL Ltd | Sold out | -4.3m |
| BlackRock, Inc. | Sold out | -2.1m |
| HBK INVESTMENTS L P | Sold out | -2.0m |
| GOLDMAN SACHS GROUP INC | Sold out | -1.7m |
| VANGUARD GROUP INC | Sold out | -1.4m |
| Nine Ten Capital Management LLC | Sold out | -1.1m |
| JPMORGAN CHASE & CO | Sold out | -1.1m |
| DIMENSIONAL FUND ADVISORS LP | Sold out | -615.3k |
| CITIGROUP INC | Sold out | -615.3k |
| SOROS FUND MANAGEMENT LLC | Sold out | -603.3k |
Biggest calls
| SIMPLEX TRADING, LLC | Added | $31.9k10.2k shares |
Biggest puts
| SIMPLEX TRADING, LLC | Added | $7722.7k shares |
| DV EQUITIES, LLC | First filing | $03.0k 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.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: FIL Ltd (0.0%, 2026-02-05), FORMULA SYSTEMS (1985) LTD (0.0%, 2025-12-17)
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| ODDO BHF ASSET MANAGEMENT SAS 0.46% of their portfolio | 283.8k $12.3m | Not comparable |
| KRYGER CAPITAL Ltd 0.80% of their portfolio | 237.0k $10.3m | Added +3.2k |
| Nuveen, LLC 0.00% of their portfolio | 26.3k $1.2m | Reduced -80.4k |
| XTX Topco Ltd 0.01% of their portfolio | 11.7k $510.0k | New |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 6.3k $273.0k | Added +898 |
| CRAWFORD INVESTMENT COUNSEL INC 0.00% of their portfolio | 6.0k $260.7k | Unchanged |
| Brooklyn Investment Group 0.01% of their portfolio | 6.0k $260.0k | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 1.2k $53.1k | Reduced -26.0k |
| GAMMA Investing LLC 0.00% of their portfolio | 1.1k $48.1k | Added +86 |
| Versant Capital Management, Inc 0.01% of their portfolio | 1.0k $45.3k | Added +1 |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 623 $27.1k | Added +122 |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 523 $18.0k | Unchanged |
| Garton & Associates Financial Advisors LLC 0.01% of their portfolio | 500 $21.7k | First filing |
| Altshuler Shaham Ltd 0.00% of their portfolio | 425 $18.6k | Reduced -22.2k |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 381 $16.6k | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 257 $11.2k | Added +208 |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 100 $0 | New |
| Fortitude Family Office, LLC 0.00% of their portfolio | 83 $3.6k | Unchanged |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 78 $3.4k | Added +3 |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 58 $2.5k | Reduced -19 |
| Cornerstone Financial Management LLC 0.00% of their portfolio | 58 $2.5k | First filing |
| MassMutual Private Wealth & Trust, FSB 0.00% of their portfolio | 40 $1.7k | Added +7 |
| Essential Partners LLC 0.00% of their portfolio | 28 $1.2k | Added +5 |
| Parallel Advisors, LLC 0.00% of their portfolio | 25 $1.1k | Added +7 |
| Rossby Financial, LCC 0.00% of their portfolio | 20 $869 | Unchanged |
| RAFFA WEALTH MANAGEMENT, LLC 0.00% of their portfolio | 17 $739 | Unchanged |
| Bare Financial Services, Inc 0.00% of their portfolio | 16 $695 | Unchanged |
| Sunbelt Securities, Inc. 0.00% of their portfolio | 14 $608 | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 11 $478 | Unchanged |
| BESSEMER GROUP INC 0.00% of their portfolio | 7 $0 | Unchanged |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 1 $43 | Unchanged |
| Root Financial Partners, LLC 0.00% of their portfolio | 1 $43 | New |