JFROG LTD FROG
ORD SHS · Common Stock · CUSIP M6191J100
* 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 ($15.7m this quarter). Holder counts are more reliable. Shares outstanding: 116.7m as of 2025-07-31, 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 ≈ $43.87. Options: 15 managers hold calls ($57.0m notional), 13 hold puts ($20.8m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 168 |
| Q4 2022 | 176 |
| Q1 2023 | 182 |
| Q2 2023 | 189 |
| Q3 2023 | 217 |
| Q4 2023 | 241 |
| Q1 2024 | 277 |
| Q2 2024 | 266 |
| Q3 2024 | 245 |
| Q4 2024 | 248 |
| Q1 2025 | 279 |
| Q2 2025 | 295 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 126 | 74 |
| Q4 2023 | 121 | 109 |
| Q1 2024 | 169 | 105 |
| Q2 2024 | 142 | 141 |
| Q3 2024 | 128 | 126 |
| Q4 2024 | 118 | 106 |
| Q1 2025 | 160 | 100 |
| Q2 2025 | 158 | 122 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $24.7m | $10.9m | 0.44 |
| Q4 2024 | $12.1m | $11.6m | 0.95 |
| Q1 2025 | $36.2m | $11.2m | 0.31 |
| Q2 2025 | $57.0m | $20.8m | 0.37 |
Biggest buyers
| Whale Rock Capital Management LLC | New | +1.7m |
| Point72 Asset Management, L.P. | Added | +1.0m |
| MARSHALL WACE, LLP | Added | +957.6k |
| TWO SIGMA INVESTMENTS, LP | Added | +680.4k |
| Artisan Partners Limited Partnership | New | +612.8k |
| MILLENNIUM MANAGEMENT LLC | Added | +520.5k |
| Migdal Insurance & Financial Holdings Ltd. | Added | +514.0k |
| AXA S.A. | Added | +430.6k |
| Woodline Partners LP | New | +397.0k |
| Cubist Systematic Strategies, LLC | Added | +345.4k |
Biggest sellers
| UBS Group AG | Reduced | -1.4m |
| EMINENCE CAPITAL, LP | Sold out | -1.4m |
| Daventry Group, LP | Sold out | -1.4m |
| Champlain Investment Partners, LLC | Reduced | -1.2m |
| MACKENZIE FINANCIAL CORP | Reduced | -981.1k |
| Alyeska Investment Group, L.P. | Sold out | -717.8k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -565.2k |
| Grandeur Peak Global Advisors, LLC | Reduced | -548.2k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -406.7k |
| Thrivent Financial for Lutherans | Reduced | -324.3k |
Biggest calls
| PEAK6 LLC | Reduced | $21.7m493.4k shares |
| JANE STREET GROUP, LLC | Added | $7.7m174.9k shares |
| IMC-Chicago, LLC | Added | $4.2m96.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.2m96.1k shares |
| CITADEL ADVISORS LLC | Added | $3.8m85.6k shares |
| Parallax Volatility Advisers, L.P. | New | $3.7m85.0k shares |
| Walleye Trading LLC | Reduced | $2.4m55.3k shares |
| Point72 Asset Management, L.P. | Reduced | $2.4m54.2k shares |
| WOLVERINE TRADING, LLC | Added | $1.7m39.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.6m37.2k shares |
Biggest puts
| Point72 Asset Management, L.P. | Reduced | $3.2m72.5k shares |
| IMC-Chicago, LLC | Added | $3.0m68.5k shares |
| CITADEL ADVISORS LLC | Added | $3.0m68.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.0m67.5k shares |
| BRANT POINT INVESTMENT MANAGEMENT LLC | New | $2.2m500 shares |
| PEAK6 LLC | Added | $1.9m44.4k shares |
| Jefferies Financial Group Inc. | Unchanged | $1.6m36.0k shares |
| WOLVERINE TRADING, LLC | Added | $1.5m34.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $645.0k14.7k shares |
| Walleye Trading LLC | Reduced | $377.4k8.6k 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 |
|---|---|
| BlackRock, Inc. 13G · institution new · filed 2026-07-28 | 6.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 7 | $15.8m | $2.6m |
| Q4 2023 | 0 | — | 6 | $19.3m | $4.9m |
| Q1 2024 | 0 | — | 7 | $30.8m | $18.1m |
| Q2 2024 | 0 | — | 5 | $13.2m | $11.3m |
| Q3 2024 | 0 | — | 5 | $6.6m | $5.7m |
| Q4 2024 | 0 | — | 6 | $9.5m | $6.7m |
| Q1 2025 | 0 | — | 6 | $20.8m | $18.0m |
| Q2 2025 | 0 | — | 6 | $22.0m | $16.8m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-10 | Simon Frederic Director | Sold plan | $1.5m35.0k shares |
| 2025-06-06 | Shlomi Ben Haim CHIEF EXECUTIVE OFFICER, director | Sold plan | $2.3m54.3k shares |
| 2025-06-06 | Notman Tali CHIEF REVENUE OFFICER | Sold plan | $999.5k23.2k shares |
| 2025-06-05 | Landman Yoav CHIEF TECHNOLOGY OFFICER, director | Sold plan | $2.2m50.0k shares |
| 2025-06-05 | Shlomi Ben Haim CHIEF EXECUTIVE OFFICER, director | Sold plan | $765.6k17.9k shares |
| 2025-06-04 | Grabscheid Eduard CHIEF FINANCIAL OFFICER | Sold plan | $586.9k13.0k shares |
| 2025-06-02 | Shlomi Ben Haim CHIEF EXECUTIVE OFFICER, director | Sold | $2.0m47.2k shares |
| 2025-06-02 | Notman Tali CHIEF REVENUE OFFICER | Sold | $1.1m24.6k shares |
| 2025-06-02 | Grabscheid Eduard CHIEF FINANCIAL OFFICER | Sold | $158.5k3.7k shares |
| 2025-05-13 | Sela Yossi Director | Sold | $2.0m50.0k shares |
| 2025-05-13 | Simon Frederic Director | Sold plan | $1.5m35.0k shares |
| 2025-05-12 | Landman Yoav CHIEF TECHNOLOGY OFFICER, director | Sold plan | $3.1m75.0k shares |
| 2025-05-12 | Notman Tali CHIEF REVENUE OFFICER | Sold plan | $389.4k9.7k shares |
| 2025-05-08 | Landman Yoav CHIEF TECHNOLOGY OFFICER, director | Sold plan | $706.6k20.0k shares |
| 2025-05-08 | Shlomi Ben Haim CHIEF EXECUTIVE OFFICER, director | Sold plan | $621.8k17.8k shares |
| 2025-04-10 | Landman Yoav CHIEF TECHNOLOGY OFFICER, director | Sold plan | $608.9k20.0k shares |
| 2025-04-09 | Shlomi Ben Haim CHIEF EXECUTIVE OFFICER, director | Sold plan | $534.0k17.8k shares |
| 2025-04-09 | Simon Frederic Director | Sold plan | $470.6k15.0k shares |
| 2025-04-08 | Simon Frederic Director | Sold plan | $573.3k20.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 8.9m $391.4m | Added +46.7k |
| Optimus Prime Fund Management Co., Ltd. 20.61% of their portfolio | 4.7m $206.3m | Unchanged |
| TimesSquare Capital Management, LLC 2.15% of their portfolio | 3.4m $149.2m | Reduced -221.6k |
| Point72 Asset Management, L.P. 0.29% of their portfolio | 2.8m $120.7m | Added +1.0m |
| WASATCH ADVISORS LP 0.59% of their portfolio | 2.6m $112.2m | Added +74.2k |
| T. Rowe Price Investment Management, Inc. 0.07% of their portfolio | 2.4m $107.5m | Reduced -180.8k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 2.0m $89.7m | Reduced -106.1k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.9m $83.5m | Added +56.2k |
| Thrivent Financial for Lutherans 0.18% of their portfolio | 1.8m $81.1m | Reduced -324.3k |
| Whale Rock Capital Management LLC 1.04% of their portfolio | 1.7m $75.2m | New |
| Fiera Capital Corp 0.25% of their portfolio | 1.7m $73.5m | Reduced -19.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 1.6m $71.2m | Added +294.5k |
| Praesidium Investment Management Company, LLC 11.79% of their portfolio | 1.5m $66.9m | Reduced -66.1k |
| Ensign Peak Advisors, Inc 0.11% of their portfolio | 1.5m $66.0m | Added +201.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.4m $63.1m | Added +6.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.4m $62.7m | Reduced -35.3k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.4m $61.5m | Reduced -406.7k |
| Grandeur Peak Global Advisors, LLC 7.11% of their portfolio | 1.3m $59.0m | Reduced -548.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 1.3m $57.4m | Reduced -80.6k |
| Champlain Investment Partners, LLC 0.38% of their portfolio | 1.2m $54.4m | Reduced -1.2m |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 1.2m $52.9m | Reduced -288.3k |
| NORGES BANK 0.01% of their portfolio | 1.2m $51.0m | Added +43.6k |
| BAMCO INC /NY/ 0.14% of their portfolio | 1.1m $50.4m | Added +149.0k |
| BlackRock, Inc. 0.00% of their portfolio | 1.1m $49.8m | Added +266.3k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 1.1m $47.8m | Added +16.8k |
| Migdal Insurance & Financial Holdings Ltd. 0.28% of their portfolio | 1.1m $46.4m | Added +514.0k |
| Hood River Capital Management LLC 0.64% of their portfolio | 1.1m $46.1m | Reduced -70.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.0m $44.8m | Reduced -276.8k |
| MARSHALL WACE, LLP 0.05% of their portfolio | 980.2k $43.0m | Added +957.6k |
| Clal Insurance Enterprises Holdings Ltd 0.42% of their portfolio | 976.8k $42.9m | Added +50.0k |
| BAILLIE GIFFORD & CO 0.03% of their portfolio | 973.4k $42.7m | Reduced -87.8k |
| AXA S.A. 0.10% of their portfolio | 810.0k $35.5m | Added +430.6k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.09% of their portfolio | 790.8k $34.7m | Reduced -121.5k |
| Aberdeen Group plc 0.06% of their portfolio | 759.3k $33.3m | Reduced -98.4k |
| TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio | 700.6k $30.7m | Added +680.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.10% of their portfolio | 679.4k $29.8m | Added +73.7k |
| Artisan Partners Limited Partnership 0.04% of their portfolio | 612.8k $26.9m | New |
| LIGHT STREET CAPITAL MANAGEMENT, LLC 5.46% of their portfolio | 608.8k $26.7m | Reduced -32.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 557.2k $24.4m | Reduced -565.2k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 552.5k $24.2m | Added +520.5k |
| Cercano Management LLC 0.65% of their portfolio | 521.8k $22.9m | Reduced -147.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 515.9k $22.6m | Reduced -177.1k |
| Legal & General Group Plc 0.01% of their portfolio | 481.6k $21.1m | Reduced -14.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 419.8k $18.4m | Unchanged |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 413.2k $18.1m | Reduced -981.1k |
| STATE STREET CORP 0.00% of their portfolio | 412.7k $18.1m | Added +124.1k |
| ROYCE & ASSOCIATES LP 0.18% of their portfolio | 405.3k $17.8m | Added +4.5k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 398.4k $17.5m | Added +3.3k |
| Woodline Partners LP 0.09% of their portfolio | 397.0k $17.4m | New |
| Cubist Systematic Strategies, LLC 0.17% of their portfolio | 351.8k $15.4m | Added +345.4k |
| SEGALL BRYANT & HAMILL, LLC 0.21% of their portfolio | 347.3k $15.2m | Added +59.3k |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 341.2k $15.0m | Added +278.2k |
| ASHFORD CAPITAL MANAGEMENT INC 1.65% of their portfolio | 319.8k $14.0m | Reduced -2.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 315.6k $13.8m | Added +52.8k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.41% of their portfolio | 308.4k $13.5m | Added +2.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 303.9k $13.3m | Added +98.1k |
| BLAIR WILLIAM & CO/IL 0.04% of their portfolio | 302.1k $13.3m | Added +4.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 291.1k $12.8m | Added +281.8k |
| Pier Capital, LLC 1.93% of their portfolio | 288.4k $12.7m | Reduced -55.7k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 287.0k $12.6m | Added +142.6k |
| MEITAV INVESTMENT HOUSE LTD 0.17% of their portfolio | 281.3k $12.4m | Reduced -104.0k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 269.1k $11.8m | Added +117.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 255.4k $11.2m | Added +86.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 253.7k $11.1m | Added +64.5k |
| HERALD INVESTMENT MANAGEMENT Ltd 1.63% of their portfolio | 250.0k $11.0m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 246.9k $10.8m | Reduced -25.5k |
| Granahan Investment Management, LLC 0.42% of their portfolio | 237.2k $10.4m | Reduced -13.6k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.24% of their portfolio | 232.1k $10.2m | Added +1.6k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.07% of their portfolio | 220.8k $9.7m | Reduced -73.7k |
| Polar Capital Holdings Plc 0.05% of their portfolio | 218.4k $9.6m | New |
| Shannon River Fund Management LLC 1.46% of their portfolio | 216.8k $9.5m | New |
| ALKEON CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 214.4k $9.4m | Added +200.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 212.7k $9.3m | Added +19.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 203.9k $8.9m | Added +7.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 194.7k $8.5m | Added +153.7k |
| Swiss National Bank 0.00% of their portfolio | 186.0k $8.2m | Added +2.3k |
| ExodusPoint Capital Management, LP 0.10% of their portfolio | 180.4k $7.9m | New |
| PDT Partners, LLC 0.44% of their portfolio | 176.3k $7.7m | Added +56.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 175.4k $7.7m | Reduced -21.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 166.2k $7.3m | Reduced -2.5k |
| Ararat Capital Management LP 3.29% of their portfolio | 165.4k $7.3m | Reduced -282.4k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 160.9k $7.1m | Added +917 |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 146.1k $6.4m | Added +136.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 144.2k $6.3m | Added +2.2k |
| 1832 Asset Management L.P. 0.01% of their portfolio | 141.7k $6.2m | Added +5.7k |
| Prescott Group Capital Management, L.L.C. 0.67% of their portfolio | 130.0k $5.7m | Unchanged |
| Granite Investment Partners, LLC 0.27% of their portfolio | 128.3k $5.6m | Reduced -15.6k |
| THORNBURG INVESTMENT MANAGEMENT INC 0.07% of their portfolio | 127.6k $5.6m | Reduced -12.1k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 121.5k $5.3m | Added +46.6k |
| Flight Deck Capital, LP 5.63% of their portfolio | 121.4k $5.3m | Reduced -74.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 119.0k $5.2m | Added +108.6k |
| UBS Group AG 0.00% of their portfolio | 115.4k $5.1m | Reduced -1.4m |
| BRANT POINT INVESTMENT MANAGEMENT LLC 1.15% of their portfolio | 115.0k $5.0m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 114.1k $5.0m | Reduced -32.7k |
| Lisanti Capital Growth, LLC 1.34% of their portfolio | 110.2k $4.8m | Added +10.2k |
| George Kaiser Family Foundation 0.70% of their portfolio | 110.1k $4.8m | Reduced -6.1k |
| Siren, L.L.C. 0.24% of their portfolio | 107.1k $4.7m | Reduced -24.5k |
| BARCLAYS PLC 0.00% of their portfolio | 106.9k $4.7m | Reduced -28.3k |
| Verition Fund Management LLC 0.03% of their portfolio | 103.9k $4.6m | Added +96.2k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 101.4k $4.4m | New |