AUDIOCODES LTD AUDC
ORD · Common Stock · CUSIP M15342104
- SectorTechnology
- IndustryTelephone & Telegraph Apparatus
- 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. 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 90 |
| Q4 2022 | 100 |
| Q1 2023 | 96 |
| Q2 2023 | 94 |
| Q3 2023 | 85 |
| Q4 2023 | 82 |
| Q1 2024 | 81 |
| Q2 2024 | 74 |
| Q3 2024 | 70 |
| Q4 2024 | 63 |
| Q1 2025 | 61 |
| Q2 2025 | 61 |
| Q3 2025 | 68 |
| Q4 2025 | 67 |
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 | 34 | 39 |
| Q2 2024 | 27 | 39 |
| Q3 2024 | 28 | 30 |
| Q4 2024 | 17 | 42 |
| Q1 2025 | 25 | 20 |
| Q2 2025 | 17 | 36 |
| Q3 2025 | 31 | 23 |
| Q4 2025 | 30 | 31 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $161.1k | $162.8k | 1.01 |
| Q2 2025 | $276.9k | $1.5m | 5.41 |
| Q3 2025 | $0 | $1.5m | — |
| Q4 2025 | $0 | $194.7k | — |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +143.6k |
| D. E. Shaw & Co., Inc. | Added | +92.7k |
| CITADEL ADVISORS LLC | Added | +87.2k |
| MARSHALL WACE, LLP | Added | +55.1k |
| Point72 Asset Management, L.P. | New | +44.1k |
| GOLDMAN SACHS GROUP INC | Added | +44.1k |
| Trexquant Investment LP | Added | +42.7k |
| ARK Investment Management LLC | Added | +41.8k |
| Qube Research & Technologies Ltd | New | +38.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +37.7k |
Biggest sellers
| Senvest Management, LLC | Reduced | -647.5k |
| HEARTLAND ADVISORS INC | Reduced | -195.1k |
| QSV Equity Investors LLC | Sold out | -135.2k |
| VANGUARD GROUP INC | Sold out | -102.6k |
| Walleye Capital LLC | Reduced | -45.3k |
| BANK OF AMERICA CORP /DE/ | Reduced | -33.1k |
| JPMORGAN CHASE & CO | Sold out | -28.7k |
| MORGAN STANLEY | Reduced | -23.3k |
| Verition Fund Management LLC | Sold out | -21.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -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.
| Holder | Stake |
|---|---|
| ADLERSBERG SHABTAI 13G · exempt (held before listing) +1.7 pts · filed 2026-02-12 | 17.5% |
| Value Base Ltd. 13G · passive investor +1.1 pts · filed 2026-05-11 | 11.5% |
| Bialik Leon 13G · exempt (held before listing) +0.7 pts · filed 2026-02-10 | 8.4% |
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
| Manager | Shares | Change |
|---|---|---|
| Value Base Ltd. 13.21% of their portfolio | 2.0m $17.6m | Unchanged |
| ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio | 1.2m $10.1m | Reduced -5.7k |
| MORGAN STANLEY 0.00% of their portfolio | 1.2m $10.1m | Reduced -23.3k |
| Senvest Management, LLC 0.29% of their portfolio | 1.1m $9.3m | Reduced -647.5k |
| HEARTLAND ADVISORS INC 0.39% of their portfolio | 833.8k $7.3m | Reduced -195.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 658.5k $5.7m | Added +37.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 313.2k $2.7m | Added +44.1k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 285.0k $2.5m | Added +143.6k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 262.8k $2.3m | Added +10.1k |
| ARK Investment Management LLC 0.01% of their portfolio | 222.0k $1.9m | Added +41.8k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 187.0k $1.6m | Added +55.1k |
| Trexquant Investment LP 0.01% of their portfolio | 156.0k $1.4m | Added +42.7k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 124.0k $1.1m | Added +92.7k |
| UBS Group AG 0.00% of their portfolio | 109.5k $955.7k | Added +1.8k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 105.5k $915.9k | Added +4.7k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 101.1k $882.8k | Added +12.3k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 99.3k $866.9k | Added +87.2k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 79.8k $696.3k | Added +1.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 78.4k $684.2k | Added +13.8k |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 64.4k $537.8k | Unchanged |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 62.7k $547.4k | Reduced -9.5k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 61.2k $534.2k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 49.5k $432.2k | Added +801 |
| Walleye Capital LLC 0.00% of their portfolio | 48.8k $426.3k | Reduced -45.3k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 44.1k $385.4k | New |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 38.9k $339.9k | New |
| Jump Financial, LLC 0.00% of their portfolio | 35.0k $305.2k | Added +6.8k |
| State of New Jersey Common Pension Fund D 0.00% of their portfolio | 29.3k $256.2k | Unchanged |
| Y.D. More Investments Ltd 0.01% of their portfolio | 27.6k $238.9k | New |
| EXCHANGE TRADED CONCEPTS, LLC 0.00% of their portfolio | 27.5k $240.5k | Added +331 |
| Engineers Gate Manager LP 0.00% of their portfolio | 26.9k $234.6k | Added +6.1k |
| Quadrature Capital Ltd 0.00% of their portfolio | 26.2k $228.5k | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 24.6k $214.9k | Reduced -33.1k |
| XTX Topco Ltd 0.01% of their portfolio | 23.2k $202.4k | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 21.4k $187.1k | Reduced -36 |
| Yelin Lapidot Holdings Management Ltd. 0.04% of their portfolio | 20.1k $175.6k | Unchanged |
| WINTON GROUP Ltd 0.01% of their portfolio | 20.0k $174.7k | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 17.9k $156.0k | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 17.7k $154.2k | Reduced -279 |
| SUSQUEHANNA ADVISORS GROUP, INC. 0.00% of their portfolio | 17.4k $151.8k | Reduced -5.4k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 17.1k $149.6k | New |
| BlackRock, Inc. 0.00% of their portfolio | 16.4k $143.5k | Added +4.6k |
| Graham Capital Management, L.P. 0.00% of their portfolio | 16.1k $140.9k | Reduced -2.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 15.8k $138.2k | Unchanged |
| SIH Partners, LLLP 0.01% of their portfolio | 13.9k $121.5k | Reduced -4.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 10.9k $95.2k | Reduced -14.3k |
| BARCLAYS PLC 0.00% of their portfolio | 7.3k $63.7k | Added +7.1k |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 2.8k $24.0k | Reduced -1.0k |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 2.3k $20.0k | Reduced -3.6k |
| ASSETMARK, INC 0.00% of their portfolio | 965 $8.4k | Reduced -607 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 764 $6.7k | New |
| Clal Insurance Enterprises Holdings Ltd 0.00% of their portfolio | 522 $5.0k | Unchanged |
| WealthCollab, LLC 0.00% of their portfolio | 464 $4.1k | Reduced -206 |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 450 $3.9k | Reduced -150 |
| TD PRIVATE CLIENT WEALTH LLC 0.00% of their portfolio | 414 $3.6k | Reduced -29 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 296 $3.0k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 230 $2.0k | Reduced -142 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 202 $1.8k | Reduced -6 |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 196 $1.7k | Reduced -179 |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 157 $1.4k | Added +100 |
| Root Financial Partners, LLC 0.00% of their portfolio | 114 $995 | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 107 $934 | Unchanged |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 40 $349 | Unchanged |
| WPG Advisers, LLC 0.00% of their portfolio | 19 $166 | Unchanged |
| FIRST HORIZON CORP 0.00% of their portfolio | 17 $148 | Unchanged |
| Global Retirement Partners, LLC 0.00% of their portfolio | 16 $140 | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 1 $9 | Reduced -1.5k |