Vault-13

CYBERARK SOFTWARE LTD CYBR

SHS · Common Stock · CUSIP M2682V108

679 institutional holders -29 vs Q3 2025
47,667,62047.7m shares reported held*
$21.3bnreported value*
54 new 221 added 259 reduced 96 sold out net bought ≈ $593.9m (+941.3k 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 ($14.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $445.89. Options: 12 managers hold calls ($500.2m notional), 16 hold puts ($139.7m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 366Q4 22: 391Q1 23: 378Q2 23: 372Q3 23: 402Q4 23: 466Q1 24: 541Q2 24: 549Q3 24: 562Q4 24: 615Q1 25: 661Q2 25: 745Q3 25: 708Q4 25: 679679Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022366
Q4 2022391
Q1 2023378
Q2 2023372
Q3 2023402
Q4 2023466
Q1 2024541
Q2 2024549
Q3 2024562
Q4 2024615
Q1 2025661
Q2 2025745
Q3 2025708
Q4 2025679

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q1 24: 295 bought or addedQ1 24: 211 cut or sold outQ2 24: 273 bought or addedQ2 24: 247 cut or sold outQ2 24Q3 24: 266 bought or addedQ3 24: 259 cut or sold outQ4 24: 313 bought or addedQ4 24: 239 cut or sold outQ4 24Q1 25: 345 bought or addedQ1 25: 272 cut or sold outQ2 25: 407 bought or addedQ2 25: 285 cut or sold outQ2 25Q3 25: 314 bought or addedQ3 25: 457 cut or sold outQ4 25: 275 bought or addedQ4 25: 355 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024295211
Q2 2024273247
Q3 2024266259
Q4 2024313239
Q1 2025345272
Q2 2025407285
Q3 2025314457
Q4 2025275355

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ1 25 calls: $202.3mQ1 25 puts: $76.0mQ1 25P/C 0.38Q2 25 calls: $660.6mQ2 25 puts: $133.2mQ2 25P/C 0.20Q3 25 calls: $622.7mQ3 25 puts: $218.3mQ3 25P/C 0.35Q4 25 calls: $500.2mQ4 25 puts: $139.7mQ4 25P/C 0.28
Numbers
QuarterCallsPutsP/C
Q1 2025$202.3m$76.0m0.38
Q2 2025$660.6m$133.2m0.20
Q3 2025$622.7m$218.3m0.35
Q4 2025$500.2m$139.7m0.28

Biggest buyers

MILLENNIUM MANAGEMENT LLC Added +1,062,969+1.1m
FARALLON CAPITAL MANAGEMENT, L.L.C. New +1,053,040+1.1m
UBS Group AG Added +689,842+689.8k
Amundi Added +682,545+682.5k
BlackRock, Inc. Added +388,914+388.9k
JANE STREET GROUP, LLC Added +376,486+376.5k
Davidson Kempner Capital Management LP Added +344,161+344.2k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Added +310,831+310.8k
MORGAN STANLEY Added +260,872+260.9k
Qube Research & Technologies Ltd Added +241,974+242.0k

Biggest sellers

GROUPAMA ASSET MANAGMENT Sold out -2,000,000-2.0m
FIRST TRUST ADVISORS LP Reduced -1,057,253-1.1m
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -703,375-703.4k
TT International Asset Management LTD Sold out -434,275-434.3k
JPMORGAN CHASE & CO Reduced -422,826-422.8k
FMR LLC Reduced -317,449-317.4k
NEUBERGER BERMAN GROUP LLC Reduced -315,619-315.6k
WELLINGTON MANAGEMENT GROUP LLP Reduced -297,330-297.3k
CITADEL ADVISORS LLC Reduced -273,654-273.7k
BROWN CAPITAL MANAGEMENT LLC Reduced -255,752-255.8k

Biggest calls

UBS Group AG Unchanged $361.8m811.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $52.4m117.4k shares
Walleye Trading LLC Added $50.8m113.9k shares
CITADEL ADVISORS LLC Reduced $15.0m33.7k shares
D. E. Shaw & Co., Inc. Reduced $5.4m12.1k shares
Alphadyne Asset Management LP New $3.3m7.4k shares
Verition Fund Management LLC Reduced $3.2m7.2k shares
Point72 Asset Management, L.P. Reduced $2.8m6.2k shares
GROUP ONE TRADING LLC Unchanged $2.3m5.2k shares
JANE STREET GROUP, LLC Reduced $2.1m4.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $67.9m152.3k shares
Balyasny Asset Management L.P. Added $19.3m43.2k shares
CITADEL ADVISORS LLC Reduced $11.2m25.0k shares
TUDOR INVESTMENT CORP ET AL Added $7.5m16.8k shares
UBS Group AG Unchanged $5.8m13.0k shares
Verition Fund Management LLC Reduced $5.7m12.8k shares
D. E. Shaw & Co., Inc. Reduced $5.6m12.6k shares
JANE STREET GROUP, LLC Reduced $5.0m11.2k shares
Alphadyne Asset Management LP New $3.4m7.7k shares
Point72 Asset Management, L.P. Added $3.1m6.9k 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: Pentwater Capital Management LP (0.0%, 2026-05-15)

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Pentwater Capital Management LP 11.05% of their portfolio Naples, FL 3,425,0003.4m $1.5bn $1.5bn 11.05% Reduced -240.0k -240,000
2 BlackRock, Inc. 0.02% of their portfolio New York, NY 2,694,0792.7m $1.2bn $1.2bn 0.02% Added +388.9k +388,914
3 HBK INVESTMENTS L P 11.83% of their portfolio DALLAS, TX 2,450,0002.5m $1.1bn $1.1bn 11.83% Added +100.0k +100,000
4 MILLENNIUM MANAGEMENT LLC 0.66% of their portfolio NEW YORK, NY 2,047,6712.0m $913.4m $913.4m 0.66% Added +1.1m +1,062,969
5 UBS Group AG 0.17% of their portfolio ZURICH, V8 1,907,6251.9m $850.9m $850.9m 0.17% Added +689.8k +689,842
6 FMR LLC 0.04% of their portfolio BOSTON, MA 1,656,9911.7m $739.1m $739.1m 0.04% Reduced -317.4k -317,449
7 Davidson Kempner Capital Management LP 9.44% of their portfolio New York, NY 1,444,7031.4m $644.4m $644.4m 9.44% Added +344.2k +344,161
8 FARALLON CAPITAL MANAGEMENT, L.L.C. 2.44% of their portfolio SAN FRANCISCO, CA 1,053,0401.1m $469.7m $469.7m 2.44% New
9 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 12.39% of their portfolio CHICAGO, IL 1,040,5711.0m $464.2m $464.2m 12.39% Added +52.8k +52,757
10 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 972,331972.3k $433.7m $433.7m 0.03% Added +11.6k +11,623
11 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 917,999918.0k $409.5m $409.5m 0.02% Added +260.9k +260,872
12 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 856,600856.6k $382.1m $382.1m 0.01% Added +38.2k +38,191
13 Balyasny Asset Management L.P. 0.71% of their portfolio Chicago, IL 850,334850.3k $379.3m $379.3m 0.71% Reduced -43.8k -43,766
14 Amundi 0.09% of their portfolio Paris, I0 772,064772.1k $344.4m $344.4m 0.09% Added +682.5k +682,545
15 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 744,881744.9k $332.3m $332.3m 0.05% Added +186.8k +186,841
16 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 687,392687.4k $306.6m $306.6m 0.02% Reduced -422.8k -422,826
17 CITADEL ADVISORS LLC 0.21% of their portfolio MIAMI, FL 683,106683.1k $304.7m $304.7m 0.21% Reduced -273.7k -273,654
18 NORGES BANK 0.03% of their portfolio OSLO, Q8 621,623621.6k $277.3m $277.3m 0.03% Not comparable
19 PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio BALTIMORE, MD 563,699563.7k $251.4m $251.4m 0.03% Reduced -703.4k -703,375
20 CITIGROUP INC 0.16% of their portfolio NEW YORK, NY 541,117541.1k $241.4m $241.4m 0.16% Reduced -23.9k -23,931
21 Legal & General Group Plc 0.05% of their portfolio London, X0 533,566533.6k $238.0m $238.0m 0.05% Reduced -80.7k -80,747
22 GLAZER CAPITAL, LLC 6.25% of their portfolio New York, NY 533,085533.1k $237.8m $237.8m 6.25% Added +192.6k +192,644
23 Qube Research & Technologies Ltd 0.33% of their portfolio LONDON, X0 521,978522.0k $232.8m $232.8m 0.33% Added +242.0k +241,974
24 BARCLAYS PLC 0.09% of their portfolio LONDON, X0 520,287520.3k $232.1m $232.1m 0.09% Added +48.9k +48,876
25 Hudson Bay Capital Management LP 1.33% of their portfolio STAMFORD, CT 519,790519.8k $231.9m $231.9m 1.33% Added +43.2k +43,160
26 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 496,638496.6k $220.3m $220.3m 0.01% Added +39.0k +38,978
27 JANE STREET GROUP, LLC 0.23% of their portfolio NEW YORK, NY 435,434435.4k $194.2m $194.2m 0.23% Added +376.5k +376,486
28 JENNISON ASSOCIATES LLC 0.12% of their portfolio NEW YORK, NY 429,883429.9k $191.8m $191.8m 0.12% Reduced -32.1k -32,115
29 Verition Fund Management LLC 0.95% of their portfolio GREENWICH, CT 394,232394.2k $175.9m $175.9m 0.95% Added +147.5k +147,456
30 TUDOR INVESTMENT CORP ET AL 0.87% of their portfolio STAMFORD, CT 355,361355.4k $158.5m $158.5m 0.87% Added +121.2k +121,205
31 Absolute Gestao de Investimentos Ltda. 16.13% of their portfolio SAO PAULO, D5 344,748344.7k $153.8m $153.8m 16.13% Added +153.9k +153,851
32 AMERICAN CAPITAL MANAGEMENT INC 6.73% of their portfolio NEW YORK, NY 342,015342.0k $152.6m $152.6m 6.73% Reduced -8.0k -7,965
33 SG Americas Securities, LLC 0.19% of their portfolio NEW YORK, NY 328,470328.5k $146.5m $146.5m 0.19% Added +205.8k +205,759
34 Westchester Capital Management, LLC 6.88% of their portfolio VALHALLA, NY 327,864327.9k $146.2m $146.2m 6.88% Added +49.9k +49,856
35 VOYA INVESTMENT MANAGEMENT LLC 0.14% of their portfolio ATLANTA, GA 327,722327.7k $146.2m $146.2m 0.14% Reduced -3.1k -3,130
36 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio NEW YORK, NY 311,990312.0k $139.2m $139.2m 0.03% Added +310.8k +310,831
37 LMR Partners LLP 1.32% of their portfolio LONDON, X0 309,457309.5k $138.0m $138.0m 1.32% Added +21.2k +21,233
38 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 265,164265.2k $118.3m $118.3m 0.02% Added +27.5k +27,505
39 Avala Global LP 5.53% of their portfolio NEW YORK, NY 258,887258.9k $115.5m $115.5m 5.53% Unchanged
40 WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio Boston, MA 257,787257.8k $115.0m $115.0m 0.02% Reduced -297.3k -297,330
41 RGM Capital, LLC 5.56% of their portfolio NAPLES, FL 256,922256.9k $114.6m $114.6m 5.56% Added +16.2k +16,200
42 TimesSquare Capital Management, LLC 1.62% of their portfolio NEW YORK, NY 241,397241.4k $107.7m $107.7m 1.62% Reduced -10.8k -10,777
43 Pictet Asset Management Holding SA 0.10% of their portfolio CAROUGE, V8 233,818233.8k $104.3m $104.3m 0.10% Reduced -158.1k -158,073
44 Man Group plc 0.19% of their portfolio LONDON, X0 227,697227.7k $101.6m $101.6m 0.19% Added +53.4k +53,401
45 Weiss Asset Management LP 1.43% of their portfolio BOSTON, MA 226,302226.3k $100.9m $100.9m 1.43% Reduced -30.4k -30,424
46 TIG Advisors, LLC 4.84% of their portfolio New York, NY 225,261225.3k $100.5m $100.5m 4.84% Reduced -70.8k -70,816
47 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 222,583222.6k $99.3m $99.3m 0.02% Reduced -13.4k -13,369
48 CIBC Private Wealth Group LLC 0.17% of their portfolio ATLANTA, GA 219,187219.2k $97.8m $97.8m 0.17% Reduced -8.2k -8,242
49 AQR Arbitrage LLC 2.04% of their portfolio Greenwich, CT 217,384217.4k $97.0m $97.0m 2.04% Added +95.0k +95,003
50 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.13% of their portfolio BALA CYNWYD, PA 206,185206.2k $92.0m $92.0m 0.13% Added +18.1k +18,050
51 KRYGER CAPITAL Ltd 7.01% of their portfolio LONDON, X0 203,327203.3k $90.7m $90.7m 7.01% Added +1.5k +1,477
52 Magnetar Financial LLC 0.87% of their portfolio EVANSTON, IL 199,487199.5k $89.0m $89.0m 0.87% Reduced -11.8k -11,753
53 SOROS FUND MANAGEMENT LLC 1.17% of their portfolio NEW YORK, NY 196,092196.1k $87.5m $87.5m 1.17% Added +128.4k +128,384
54 ALPINE ASSOCIATES MANAGEMENT INC. 5.72% of their portfolio PALM BEACH, FL 190,355190.4k $84.9m $84.9m 5.72% Reduced -13.8k -13,795
55 Polar Asset Management Partners Inc. 1.66% of their portfolio TORONTO, A6 187,366187.4k $83.6m $83.6m 1.66% Added +61.4k +61,400
56 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio BOSTON, MA 186,290186.3k $83.1m $83.1m 0.05% Reduced -57.3k -57,324
57 Squarepoint Ops LLC 0.17% of their portfolio NEW YORK, NY 185,908185.9k $82.9m $82.9m 0.17% Added +87.3k +87,328
58 NEXPOINT ASSET MANAGEMENT, L.P. 5.78% of their portfolio Dallas, TX 185,862185.9k $82.9m $82.9m 5.78% New
59 TREMBLANT CAPITAL GROUP 2.11% of their portfolio WEST PALM BEACH, FL 185,691185.7k $82.8m $82.8m 2.11% Added +125.5k +125,490
60 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.12% of their portfolio CAUSEWAY BAY, K3 183,792183.8k $82.0m $82.0m 0.12% Reduced -5.8k -5,848
61 FEDERATED HERMES, INC. 0.14% of their portfolio PITTSBURGH, PA 181,939181.9k $81.2m $81.2m 0.14% Reduced -25.2k -25,178
62 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 176,540176.5k $78.7m $78.7m 0.02% Reduced -3.9k -3,932
63 WHITEBOX ADVISORS LLC 1.27% of their portfolio MINNEAPOLIS, MN 171,001171.0k $76.3m $76.3m 1.27% Added +33.0k +33,000
64 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 168,753168.8k $75.3m $75.3m 0.02% Reduced -126.5k -126,460
65 HIGHBRIDGE CAPITAL MANAGEMENT LLC 3.41% of their portfolio NEW YORK, NY 165,341165.3k $73.8m $73.8m 3.41% Added +130.6k +130,601
66 First Trust Capital Management L.P. 4.44% of their portfolio CHICAGO, IL 164,574164.6k $73.4m $73.4m 4.44% Added +44.6k +44,574
67 Public Sector Pension Investment Board 0.24% of their portfolio MONTREAL, A8 159,274159.3k $71.0m $71.0m 0.24% Added +132.5k +132,480
68 PICTON MAHONEY ASSET MANAGEMENT 0.77% of their portfolio Toronto, A6 158,005158.0k $70.5m $70.5m 0.77% Added +5.7k +5,748
69 National Pension Service 0.05% of their portfolio JEONJU-SI, JEOLLABUK-DO, M5 156,630156.6k $69.9m $69.9m 0.05% New
70 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.11% of their portfolio Boston, MA 156,078156.1k $69.6m $69.6m 0.11% Reduced -131.2k -131,154
71 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 153,695153.7k $68.6m $68.6m 0.02% Reduced -133.1k -133,149
72 BROWN CAPITAL MANAGEMENT LLC 5.58% of their portfolio BALTIMORE, MD 152,539152.5k $68.0m $68.0m 5.58% Reduced -255.8k -255,752
73 Swiss National Bank 0.04% of their portfolio ZURICH, V8 144,680144.7k $64.5m $64.5m 0.04% Added +1.8k +1,780
74 Vident Advisory, LLC 0.60% of their portfolio Alpharetta, GA 143,849143.8k $64.2m $64.2m 0.60% Reduced -12.5k -12,528
75 STRS OHIO 0.23% of their portfolio COLUMBUS, OH 137,546137.5k $61.4m $61.4m 0.23% Reduced -26.4k -26,405
76 CONGRESS ASSET MANAGEMENT CO 0.42% of their portfolio BOSTON, MA 133,851133.9k $59.7m $59.7m 0.42% Reduced -138.7k -138,655
77 Twin Securities, Inc. 22.75% of their portfolio New York, NY 133,145133.1k $59.4m $59.4m 22.75% Added +86.3k +86,332
78 Sculptor Capital LP 0.70% of their portfolio New York, NY 131,000131.0k $58.4m $58.4m 0.70% Reduced -76.0k -76,000
79 GROUPAMA ASSET MANAGMENT 0.85% of their portfolio PARIS, I0 130,679130.7k $58.3m $58.3m 0.85% Reduced -9.2k -9,214
80 CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio TORONTO ONTARIO, A6 125,695125.7k $56.1m $56.1m 0.04% Added +11.6k +11,603
81 CAPSTONE INVESTMENT ADVISORS, LLC 0.44% of their portfolio NEW YORK, NY 121,000121.0k $54.0m $54.0m 0.44% Added +21.0k +21,000
82 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 118,900118.9k $53.0m $53.0m 0.01% Added +5.4k +5,367
83 NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio NEW YORK, NY 117,286117.3k $52.3m $52.3m 0.04% Reduced -315.6k -315,619
84 HRT FINANCIAL LP 0.20% of their portfolio NEW YORK, NY 113,755113.8k $50.7m $50.7m 0.20% Added +56.6k +56,626
85 READYSTATE ASSET MANAGEMENT LP 2.23% of their portfolio CHICAGO, IL 112,775112.8k $50.3m $50.3m 2.23% Unchanged
86 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 108,506108.5k $48.4m $48.4m 0.01% Reduced -25.6k -25,634
87 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 107,908107.9k $48.1m $48.1m 0.01% Reduced -85.9k -85,909
88 Melqart Asset Management (UK) Ltd 4.64% of their portfolio London, X0 103,952104.0k $46.4m $46.4m 4.64% Reduced -2.0k -2,035
89 TCW GROUP INC 0.33% of their portfolio LOS ANGELES, CA 103,024103.0k $46.0m $46.0m 0.33% Reduced -5.2k -5,233
90 HARVEST MANAGEMENT LLC 16.96% of their portfolio New York, NY 102,755102.8k $45.8m $45.8m 16.96% Added +24.0k +23,996
91 Birnam Oak Advisors, LP 10.15% of their portfolio New York, NY 101,581101.6k $45.3m $45.3m 10.15% Added +7.4k +7,397
92 Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio CHIYODA-KU, TOKYO, M0 97,33397.3k $43.4m $43.4m 0.03% Added +890 +890
93 Calamos Advisors LLC 0.18% of their portfolio NAPERVILLE, IL 97,15297.2k $43.3m $43.3m 0.18% Added +34.2k +34,186
94 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 95,07295.1k $42.4m $42.4m 0.00% Added +3.1k +3,081
95 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 90,06090.1k $40.2m $40.2m 0.01% Reduced -917 -917
96 Clal Insurance Enterprises Holdings Ltd 0.26% of their portfolio Tel-aviv, L3 89,75289.8k $40.0m $40.0m 0.26% Reduced -35.0k -35,000
97 WATER ISLAND CAPITAL LLC 4.72% of their portfolio NEW YORK, NY 86,64886.6k $38.7m $38.7m 4.72% Added +849 +849
98 Fort Baker Capital Management LP 4.29% of their portfolio Larkspur, CA 86,60486.6k $38.6m $38.6m 4.29% Reduced -17.1k -17,145
99 Blackstone Inc. 0.17% of their portfolio NEW YORK, NY 85,48385.5k $38.1m $38.1m 0.17% Added +5.5k +5,483
100 California Public Employees Retirement System 0.02% of their portfolio Sacramento, CA 85,44985.4k $38.1m $38.1m 0.02% Added +1.1k +1,107