FIVERR INTL LTD FVRR
ORD SHS · Common Stock · CUSIP M4R82T106
- SectorIndustrials
- IndustryServices-Business Services, NEC
- HeadquartersTel Aviv, Israel
- 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 ($109 this quarter). Holder counts are more reliable. Shares outstanding: 38.7m as of 2023-12-31, 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 ≈ $27.22. Options: 14 managers hold calls ($25.0m notional), 12 hold puts ($17.9m).
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 231 |
| Q4 2022 | 222 |
| Q1 2023 | 226 |
| Q2 2023 | 236 |
| Q3 2023 | 219 |
| Q4 2023 | 224 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 74 | 112 |
| Q1 2023 | 93 | 87 |
| Q2 2023 | 110 | 91 |
| Q3 2023 | 85 | 108 |
| Q4 2023 | 90 | 96 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $29.2m | $16.9m | 0.58 |
| Q2 2023 | $25.2m | $20.8m | 0.83 |
| Q3 2023 | $23.4m | $18.2m | 0.78 |
| Q4 2023 | $25.0m | $17.9m | 0.72 |
Biggest buyers
| Engine Capital Management, LP | New | +705.1k |
| Greenhouse Funds LLLP | Added | +656.3k |
| MORGAN STANLEY | Added | +586.4k |
| Migdal Insurance & Financial Holdings Ltd. | Added | +510.0k |
| Invenomic Capital Management LP | New | +336.1k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +264.7k |
| NORDEA INVESTMENT MANAGEMENT AB | Added | +229.7k |
| Man Group plc | New | +200.6k |
| Cubist Systematic Strategies, LLC | Added | +177.7k |
| Nuveen Asset Management, LLC | Added | +162.0k |
Biggest sellers
| BAILLIE GIFFORD & CO | Reduced | -234.2k |
| BlackRock Inc. | Reduced | -198.3k |
| Man Group plc | Sold out | -179.6k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -139.6k |
| Capital International Investors | Reduced | -133.3k |
| BANK OF AMERICA CORP /DE/ | Reduced | -125.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -122.8k |
| Granahan Investment Management, LLC | Reduced | -122.4k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -117.8k |
| Graham Capital Management, L.P. | Sold out | -85.4k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $4.5m166.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.5m166.1k shares |
| JANE STREET GROUP, LLC | Added | $3.5m127.4k shares |
| PEAK6 Investments LLC | Added | $2.6m94.0k shares |
| IMC-Chicago, LLC | Added | $2.5m93.5k shares |
| SIMPLEX TRADING, LLC | Added | $1.9m69.1k shares |
| D. E. Shaw & Co., Inc. | Added | $1.6m59.7k shares |
| GTS SECURITIES LLC | Reduced | $1.5m53.3k shares |
| GROUP ONE TRADING LLC | Added | $1.1m40.9k shares |
| Walleye Capital LLC | Reduced | $664.2k24.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.2m228.1k shares |
| CITADEL ADVISORS LLC | Reduced | $3.3m121.6k shares |
| IMC-Chicago, LLC | Added | $1.9m70.0k shares |
| PEAK6 Investments LLC | Reduced | $1.8m64.9k shares |
| Walleye Capital LLC | Added | $1.3m47.2k shares |
| GTS SECURITIES LLC | Unchanged | $985.4k36.2k shares |
| Walleye Trading LLC | Added | $827.5k30.4k shares |
| JANE STREET GROUP, LLC | Reduced | $759.4k27.9k shares |
| SIMPLEX TRADING, LLC | Added | $661.0k24.3k shares |
| GROUP ONE TRADING LLC | Added | $147.0k5.4k 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 |
|---|---|
| AMERIPRISE FINANCIAL INC 13G · institution -0.2 pts · filed 2026-08-14 | 9.8% |
| Kaufman Micha 13G · exempt (held before listing) filed 2025-02-14 | 8.0% |
| Kolber Jonathan 13G · exempt (held before listing) filed 2025-07-31 | 5.8% |
Insider purchases and sales in Q4 2023
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 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| Capital International Investors 0.01% of their portfolio | 1.5m $41.3m | Reduced -133.3k |
| Greenhouse Funds LLLP 2.26% of their portfolio | 1.2m $33.2m | Added +656.3k |
| BlackRock Inc. 0.00% of their portfolio | 1.1m $29.7m | Reduced -198.3k |
| Migdal Insurance & Financial Holdings Ltd. 0.47% of their portfolio | 863.0k $23.5m | Added +510.0k |
| BAILLIE GIFFORD & CO 0.02% of their portfolio | 820.6k $22.3m | Reduced -234.2k |
| MORGAN STANLEY 0.00% of their portfolio | 804.5k $21.9m | Added +586.4k |
| Avory & Company, LLC 13.99% of their portfolio | 734.6k $20.0m | Added +38.6k |
| FEDERATED HERMES, INC. 0.05% of their portfolio | 725.0k $19.7m | Added +25.0k |
| Engine Capital Management, LP 3.17% of their portfolio | 705.1k $19.2m | New |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 660.5k $18.0m | Reduced -139.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 591.7k $16.1m | Added +264.7k |
| Deer Management Co. LLC 1.98% of their portfolio | 561.4k $15.3m | Unchanged |
| BRIGHTLIGHT CAPITAL MANAGEMENT LP 10.94% of their portfolio | 557.2k $15.2m | Unchanged |
| BAMCO INC /NY/ 0.04% of their portfolio | 522.0k $14.2m | Added +128.8k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 422.6k $11.7m | Added +229.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 421.5k $11.5m | Reduced -80.2k |
| MENORA MIVTACHIM HOLDINGS LTD. 0.10% of their portfolio | 417.5k $11.4m | Added +130.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 376.4k $10.2m | Added +46.1k |
| Granahan Investment Management, LLC 0.33% of their portfolio | 363.9k $9.9m | Reduced -122.4k |
| STATE STREET CORP 0.00% of their portfolio | 339.7k $9.2m | Added +11.7k |
| Invenomic Capital Management LP 0.49% of their portfolio | 336.1k $9.1m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 333.4k $9.1m | Reduced -122.8k |
| Kent Lake Capital LLC 3.42% of their portfolio | 325.0k $8.8m | Added +25.0k |
| Chevy Chase Trust Holdings, LLC 0.03% of their portfolio | 294.7k $8.0m | Added +1.7k |
| Cubist Systematic Strategies, LLC 0.10% of their portfolio | 289.4k $7.9m | Added +177.7k |
| Analyst IMS Investment Management Services Ltd. 0.37% of their portfolio | 261.6k $7.1m | Unchanged |
| LORD, ABBETT & CO. LLC 0.01% of their portfolio | 245.9k $6.7m | Reduced -23.1k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 242.6k $6.6m | Reduced -22.1k |
| NORGES BANK 0.00% of their portfolio | 209.9k $5.7m | Reduced -42.0k |
| Man Group plc 0.02% of their portfolio | 200.6k $5.5m | New |
| Whetstone Capital Advisors, LLC 2.64% of their portfolio | 192.6k $5.2m | Added +949 |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 188.8k $5.1m | Added +162.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 171.4k $4.7m | Added +97.4k |
| Aberdeen Group plc 0.01% of their portfolio | 167.5k $4.6m | Reduced -10.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 152.9k $4.2m | Reduced -208 |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 115.8k $3.2m | Added +40.7k |
| Amundi 0.00% of their portfolio | 115.7k $3.1m | Added +26.6k |
| Taylor Frigon Capital Management LLC 1.58% of their portfolio | 115.6k $3.1m | Reduced -1.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 103.6k $2.8m | Reduced -117.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 101.5k $2.8m | Reduced -39.6k |
| Arkadios Wealth Advisors 0.21% of their portfolio | 91.5k $2.5m | Added +13.1k |
| ESSEX INVESTMENT MANAGEMENT CO LLC 0.45% of their portfolio | 84.8k $2.3m | Added +9.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 82.4k $2.2m | Reduced -13.1k |
| ARK Investment Management LLC 0.01% of their portfolio | 76.3k $2.1m | Added +2.8k |
| PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio | 74.8k $2.0m | Reduced -69.9k |
| CONSOLIDATED PRESS INTERNATIONAL HOLDINGS LTD 0.25% of their portfolio | 74.4k $2.0m | Unchanged |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 73.0k $2.1m | Reduced -44 |
| UBS Group AG 0.00% of their portfolio | 71.9k $2.0m | Reduced -2.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 69.9k $1.9m | Added +61.4k |
| PDT Partners, LLC 0.20% of their portfolio | 68.1k $1.9m | Reduced -11.1k |
| Penserra Capital Management LLC 0.03% of their portfolio | 66.7k $1.8m | Added +3.5k |
| Swiss National Bank 0.00% of their portfolio | 64.6k $1.8m | Reduced -7.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 61.4k $1.5m | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 51.2k $1.4m | Reduced -970 |
| VANGUARD GROUP INC 0.00% of their portfolio | 50.9k $1.4m | Added +2.4k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 42.7k $1.2m | Reduced -30.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 42.7k $1.2m | Unchanged |
| Bullseye Asset Management LLC 0.53% of their portfolio | 40.6k $1.1m | Added +3.9k |
| Legato Capital Management LLC 0.14% of their portfolio | 39.9k $1.1m | Added +5.1k |
| Trexquant Investment LP 0.02% of their portfolio | 39.0k $1.1m | Reduced -61.1k |
| EAGLE GLOBAL ADVISORS LLC 0.06% of their portfolio | 38.0k $1.0m | Unchanged |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 36.9k $1.0m | Unchanged |
| Susquehanna Portfolio Strategies, LLC 0.02% of their portfolio | 36.1k $982.4k | First filing |
| Divisadero Street Capital Management, LP 0.22% of their portfolio | 35.4k $964.9k | New |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 34.0k $924.0k | New |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 33.3k $907.7k | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 32.4k $882.9k | Added +4.6k |
| Squarepoint Ops LLC 0.00% of their portfolio | 32.2k $877.8k | New |
| Aigen Investment Management, LP 0.15% of their portfolio | 30.5k $829.4k | Added +19.8k |
| Baader Bank Aktiengesellschaft 0.07% of their portfolio | 30.5k $829.1k | Unchanged |
| Vident Advisory, LLC 0.02% of their portfolio | 29.6k $805.5k | Reduced -1.2k |
| Concentric Capital Strategies, LP 0.10% of their portfolio | 29.2k $795.6k | New |
| IMC-Chicago, LLC 0.03% of their portfolio | 28.9k $787.6k | Reduced -6.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 27.8k $756.9k | Added +2.1k |
| Potrero Capital Research LLC 0.41% of their portfolio | 27.7k $754.6k | Reduced -4.4k |
| Engineers Gate Manager LP 0.02% of their portfolio | 27.4k $744.5k | Added +1.3k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 25.8k $703.3k | Added +10.2k |
| Olympiad Research LP 0.55% of their portfolio | 25.7k $700.6k | Added +8.3k |
| Virtu Financial LLC 0.06% of their portfolio | 25.5k $695.0k | New |
| J. Goldman & Co LP 0.04% of their portfolio | 25.2k $684.7k | New |
| FMR LLC 0.00% of their portfolio | 25.1k $684.4k | Added +11.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 24.7k $673.5k | Reduced -125.4k |
| Legal & General Group Plc 0.00% of their portfolio | 24.6k $670.5k | Reduced -13.6k |
| SEVEN EIGHT CAPITAL, LP 0.08% of their portfolio | 24.4k $663.0k | New |
| CITIGROUP INC 0.00% of their portfolio | 24.3k $661.0k | Added +672 |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 23.6k $643.3k | Added +4.1k |
| Vontobel Holding Ltd. 0.01% of their portfolio | 23.1k $629.4k | Reduced -2.5k |
| APG Asset Management N.V. 0.00% of their portfolio | 21.8k $537.3k | New |
| Aquatic Capital Management LLC 0.02% of their portfolio | 21.7k $591.0k | Reduced -44.2k |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 21.5k $586.0k | Reduced -5.1k |
| Centiva Capital, LP 0.04% of their portfolio | 20.5k $558.7k | New |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 20.0k $545.0k | Reduced -40 |
| GTS SECURITIES LLC 0.01% of their portfolio | 18.8k $510.6k | Added +7.2k |
| Quadrature Capital Ltd 0.01% of their portfolio | 18.7k $507.9k | Added +1.6k |
| BARCLAYS PLC 0.00% of their portfolio | 18.6k $506.8k | Reduced -304 |
| SEI INVESTMENTS CO 0.00% of their portfolio | 18.0k $489.8k | Reduced -11.6k |
| Quantbot Technologies LP 0.03% of their portfolio | 17.9k $486.1k | New |
| Walleye Trading LLC 0.01% of their portfolio | 17.8k $484.7k | New |
| FOX RUN MANAGEMENT, L.L.C. 0.12% of their portfolio | 17.5k $475.0k | Reduced -2.7k |
| MOODY NATIONAL BANK TRUST DIVISION 0.04% of their portfolio | 16.6k $453.1k | Reduced -4.2k |