Vault-13

AUDIOCODES LTD AUDC

ORD · Common Stock · CUSIP M15342104

67 institutional holders -1 vs Q3 2025
9,831,7859.8m shares reported held*
36.3% of all shares outstanding*
$85.8mreported value*
9 new 21 added 23 reduced 8 sold out net sold ≈ $4.1m (-468.2k shares)

* 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. Holder counts are more reliable. Shares outstanding: 27.1m as of 2025-12-31, 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 ≈ $8.72. Options: 0 managers hold calls (— notional), 3 hold puts ($194.7k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 90Q4 22: 100Q1 23: 96Q2 23: 94Q3 23: 85Q4 23: 82Q1 24: 81Q2 24: 74Q3 24: 70Q4 24: 63Q1 25: 61Q2 25: 61Q3 25: 68Q4 25: 6767Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202290
Q4 2022100
Q1 202396
Q2 202394
Q3 202385
Q4 202382
Q1 202481
Q2 202474
Q3 202470
Q4 202463
Q1 202561
Q2 202561
Q3 202568
Q4 202567

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q1 24: 34 bought or addedQ1 24: 39 cut or sold outQ2 24: 27 bought or addedQ2 24: 39 cut or sold outQ2 24Q3 24: 28 bought or addedQ3 24: 30 cut or sold outQ4 24: 17 bought or addedQ4 24: 42 cut or sold outQ4 24Q1 25: 25 bought or addedQ1 25: 20 cut or sold outQ2 25: 17 bought or addedQ2 25: 36 cut or sold outQ2 25Q3 25: 31 bought or addedQ3 25: 23 cut or sold outQ4 25: 30 bought or addedQ4 25: 31 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20243439
Q2 20242739
Q3 20242830
Q4 20241742
Q1 20252520
Q2 20251736
Q3 20253123
Q4 20253031

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5m$2mQ1 25 calls: $161.1kQ1 25 puts: $162.8kQ1 25P/C 1.01Q2 25 calls: $276.9kQ2 25 puts: $1.5mQ2 25P/C 5.41Q3 25 calls: $0Q3 25 puts: $1.5mQ3 25P/C —Q4 25 calls: $0Q4 25 puts: $194.7kQ4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$161.1k$162.8k1.01
Q2 2025$276.9k$1.5m5.41
Q3 2025$0$1.5m—
Q4 2025$0$194.7k—

Biggest buyers

MILLENNIUM MANAGEMENT LLC Added +143,632+143.6k
D. E. Shaw & Co., Inc. Added +92,652+92.7k
CITADEL ADVISORS LLC Added +87,164+87.2k
MARSHALL WACE, LLP Added +55,055+55.1k
Point72 Asset Management, L.P. New +44,144+44.1k
GOLDMAN SACHS GROUP INC Added +44,073+44.1k
Trexquant Investment LP Added +42,681+42.7k
ARK Investment Management LLC Added +41,802+41.8k
Qube Research & Technologies Ltd New +38,933+38.9k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +37,700+37.7k

Biggest sellers

Senvest Management, LLC Reduced -647,525-647.5k
HEARTLAND ADVISORS INC Reduced -195,050-195.1k
QSV Equity Investors LLC Sold out -135,187-135.2k
VANGUARD GROUP INC Sold out -102,576-102.6k
Walleye Capital LLC Reduced -45,293-45.3k
BANK OF AMERICA CORP /DE/ Reduced -33,106-33.1k
JPMORGAN CHASE & CO Sold out -28,674-28.7k
MORGAN STANLEY Reduced -23,269-23.3k
Verition Fund Management LLC Sold out -21,618-21.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -14,258-14.3k

Biggest calls

None

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $192.1k22.0k shares
SIMPLEX TRADING, LLC Reduced $1.7k200 shares
GROUP ONE TRADING LLC Reduced $873100 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.

HolderStakeChangeShares Last filed
ADLERSBERG SHABTAI 13G · exempt (held before listing) +1.7 pts · filed 2026-02-12 17.5% +1.7 pts 4.7m≈ $45.9m 2026-02-12
Value Base Ltd. 13G · passive investor +1.1 pts · filed 2026-05-11 11.5% +1.1 pts 3.1m≈ $29.9m 2026-05-11
Bialik Leon 13G · exempt (held before listing) +0.7 pts · filed 2026-02-10 8.4% +0.7 pts 2.3m≈ $21.9m 2026-02-10

Fell to 5% or below in the last year: Senvest Management, LLC (3.8%, 2026-02-12)

Insider purchases and sales in Q4 2025

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.

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Value Base Ltd. 13.21% of their portfolio Tel Aviv, L3 2,018,9762.0m $17.6m $17.6m 13.21% Unchanged
2 ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio Boston, MA 1,163,2651.2m $10.1m $10.1m 0.02% Reduced -5.7k -5,663
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,154,8661.2m $10.1m $10.1m 0.00% Reduced -23.3k -23,269
4 Senvest Management, LLC 0.29% of their portfolio New York, NY 1,066,7721.1m $9.3m $9.3m 0.29% Reduced -647.5k -647,525
5 HEARTLAND ADVISORS INC 0.39% of their portfolio MILWAUKEE, WI 833,800833.8k $7.3m $7.3m 0.39% Reduced -195.1k -195,050
6 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 658,544658.5k $5.7m $5.7m 0.00% Added +37.7k +37,700
7 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 313,151313.2k $2.7m $2.7m 0.00% Added +44.1k +44,073
8 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 284,951285.0k $2.5m $2.5m 0.00% Added +143.6k +143,632
9 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 262,824262.8k $2.3m $2.3m 0.00% Added +10.1k +10,056
10 ARK Investment Management LLC 0.01% of their portfolio ST. PETERSBURG, FL 221,966222.0k $1.9m $1.9m 0.01% Added +41.8k +41,802
11 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 186,983187.0k $1.6m $1.6m 0.00% Added +55.1k +55,055
12 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 155,995156.0k $1.4m $1.4m 0.01% Added +42.7k +42,681
13 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 124,011124.0k $1.1m $1.1m 0.00% Added +92.7k +92,652
14 UBS Group AG 0.00% of their portfolio ZURICH, V8 109,476109.5k $955.7k $955.7k 0.00% Added +1.8k +1,769
15 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 105,531105.5k $915.9k $915.9k 0.00% Added +4.7k +4,696
16 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 101,122101.1k $882.8k $882.8k 0.00% Added +12.3k +12,320
17 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 99,29699.3k $866.9k $866.9k 0.00% Added +87.2k +87,164
18 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 79,75779.8k $696.3k $696.3k 0.00% Added +1.8k +1,795
19 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 78,37978.4k $684.2k $684.2k 0.00% Added +13.8k +13,817
20 State of Tennessee, Department of Treasury 0.00% of their portfolio NASHVILLE, TN 64,41364.4k $537.8k $537.8k 0.00% Unchanged
21 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 62,70062.7k $547.4k $547.4k 0.00% Reduced -9.5k -9,500
22 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 61,19561.2k $534.2k $534.2k 0.00% Unchanged
23 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 49,50949.5k $432.2k $432.2k 0.00% Added +801 +801
24 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 48,83448.8k $426.3k $426.3k 0.00% Reduced -45.3k -45,293
25 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 44,14444.1k $385.4k $385.4k 0.00% New
26 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 38,93338.9k $339.9k $339.9k 0.00% New
27 Jump Financial, LLC 0.00% of their portfolio Chicago, IL 34,95535.0k $305.2k $305.2k 0.00% Added +6.8k +6,755
28 State of New Jersey Common Pension Fund D 0.00% of their portfolio TRENTON, NJ 29,34229.3k $256.2k $256.2k 0.00% Unchanged
29 Y.D. More Investments Ltd 0.01% of their portfolio Ramat Gan, L3 27,55227.6k $238.9k $238.9k 0.01% New
30 EXCHANGE TRADED CONCEPTS, LLC 0.00% of their portfolio Oklahoma City, OK 27,54827.5k $240.5k $240.5k 0.00% Added +331 +331
31 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 26,87126.9k $234.6k $234.6k 0.00% Added +6.1k +6,098
32 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 26,17726.2k $228.5k $228.5k 0.00% New
33 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 24,62124.6k $214.9k $214.9k 0.00% Reduced -33.1k -33,106
34 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 23,18923.2k $202.4k $202.4k 0.01% New
35 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 21,43021.4k $187.1k $187.1k 0.00% Reduced -36 -36
36 Yelin Lapidot Holdings Management Ltd. 0.04% of their portfolio Tel Aviv, L3 20,11320.1k $175.6k $175.6k 0.04% Unchanged
37 WINTON GROUP Ltd 0.01% of their portfolio LONDON, X0 20,00820.0k $174.7k $174.7k 0.01% New
38 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 17,87417.9k $156.0k $156.0k 0.00% Unchanged
39 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 17,66717.7k $154.2k $154.2k 0.00% Reduced -279 -279
40 SUSQUEHANNA ADVISORS GROUP, INC. 0.00% of their portfolio BALA CYNWYD, PA 17,38817.4k $151.8k $151.8k 0.00% Reduced -5.4k -5,423
41 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 17,13217.1k $149.6k $149.6k 0.00% New
42 BlackRock, Inc. 0.00% of their portfolio New York, NY 16,43316.4k $143.5k $143.5k 0.00% Added +4.6k +4,576
43 Graham Capital Management, L.P. 0.00% of their portfolio ROWAYTON, CT 16,13716.1k $140.9k $140.9k 0.00% Reduced -2.5k -2,457
44 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 15,82815.8k $138.2k $138.2k 0.00% Unchanged
45 SIH Partners, LLLP 0.01% of their portfolio Wilmington, DE 13,91213.9k $121.5k $121.5k 0.01% Reduced -4.0k -3,952
46 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 10,90210.9k $95.2k $95.2k 0.00% Reduced -14.3k -14,258
47 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 7,2947.3k $63.7k $63.7k 0.00% Added +7.1k +7,098
48 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 2,7542.8k $24.0k $24.0k 0.00% Reduced -1.0k -1,046
49 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 2,2912.3k $20.0k $20.0k 0.00% Reduced -3.6k -3,561
50 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 965965 $8.4k $8.4k 0.00% Reduced -607 -607
51 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 764764 $6.7k $6.7k 0.00% New
52 Clal Insurance Enterprises Holdings Ltd 0.00% of their portfolio Tel-aviv, L3 522522 $5.0k $5.0k 0.00% Unchanged
53 WealthCollab, LLC 0.00% of their portfolio BELLEVUE, WA 464464 $4.1k $4.1k 0.00% Reduced -206 -206
54 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 450450 $3.9k $3.9k 0.00% Reduced -150 -150
55 TD PRIVATE CLIENT WEALTH LLC 0.00% of their portfolio NEW YORK, NY 414414 $3.6k $3.6k 0.00% Reduced -29 -29
56 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 296296 $3.0k $3.0k 0.00% New
57 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 230230 $2.0k $2.0k 0.00% Reduced -142 -142
58 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 202202 $1.8k $1.8k 0.00% Reduced -6 -6
59 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 196196 $1.7k $1.7k 0.00% Reduced -179 -179
60 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 157157 $1.4k $1.4k 0.00% Added +100 +100
61 Root Financial Partners, LLC 0.00% of their portfolio ENCINITAS, CA 114114 $995 $995 0.00% Unchanged
62 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 107107 $934 $934 0.00% Unchanged
63 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 4040 $349 $349 0.00% Unchanged
64 WPG Advisers, LLC 0.00% of their portfolio BALTIMORE, MD 1919 $166 $166 0.00% Unchanged
65 FIRST HORIZON CORP 0.00% of their portfolio MEMPHIS, TN 1717 $148 $148 0.00% Unchanged
66 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 1616 $140 $140 0.00% Unchanged
67 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 11 $9 $9 0.00% Reduced -1.5k -1,471