VRNS
Varonis Systems, Inc. · Technology · Software - Infrastructure
Momentum inputs (comparable managers):
holder breadth -12.5% ·
share flow +25.3% ·
net new positions -14.3%
— formula
Concentrated accumulation — rising shares among fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 2024
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 114 | +5 | 74.03M | $3.10B | +12 | −7 |
| Q1 2026 | 112 | -2 | 73.44M | $1.58B | +8 | −11 |
| Q4 2025 | 115 | 0 | 80.80M | $2.65B | +2 | −1 |
| Q3 2025 | 16 | -3 | 41.32M | $2.37B | — | −4 |
| Q2 2025 | 17 | +1 | 38.95M | $1.98B | +2 | −1 |
| Q1 2025 | 13 | -1 | 11.91M | $481.85M | +1 | −2 |
| Q4 2024 | 14 | -2 | 12.14M | $539.54M | +1 | −3 |
| Q3 2024 | 15 | +3 | 6.88M | $388.68M | +4 | −1 |
| Q2 2024 | 12 | — | 6.24M | $299.49M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | State Street Global Advisors ✦ (passive) | 2.81M | — | $124.89M | 0.0% | n/c | 1 | SEC ↗ |
| 2 | Geode Capital Management ✦ (passive) | 2.61M | 0.0% | $116.20M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 3 | Geode Capital Management ✦ (passive) | 2.61M | 0.0% | $116.20M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 4 | Millennium Management ✦ | 1.42M | +167.0% | $63.22M | 0.1% | ▲ Add | 3 | SEC ↗ |
| 5 | Two Sigma Investments ✦ | 1.31M | +26.9% | $58.21M | 0.1% | ▲ Add | 3 | SEC ↗ |
| 6 | Norges Bank ✦ (passive) | 1.27M | +14.3% | $56.56M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 7 | Citadel Advisors ✦ | 957.50K | +363.6% | $42.54M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 8 | Citadel Advisors ✦ | 957.50K | +363.6% | $42.54M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 9 | Renaissance Technologies ✦ | 538.30K | +11353.2% | $23.92M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 10 | Arrowstreet Capital ✦ | 369.32K | +28.2% | $16.41M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 11 | Wellington Management ✦ | 340.56K | -23.2% | $15.13M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 12 | AQR Capital Management ✦ | 290.84K | +30.0% | $12.92M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 13 | AQR Capital Management ✦ | 290.84K | +30.0% | $12.92M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 14 | AQR Capital Management ✦ | 290.84K | +30.0% | $12.92M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 15 | Marshall Wace ✦ | 88.45K | New | $3.93M | 0.0% | New | 1 | SEC ↗ |
| 16 | Marshall Wace ✦ | 88.45K | New | $3.93M | 0.0% | New | 1 | SEC ↗ |
| 17 | T. Rowe Price ✦ | 78.06K | -52.6% | $3.47M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 18 | D. E. Shaw & Co. ✦ | 31.70K | -73.3% | $1.41M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 19 | D. E. Shaw & Co. ✦ | 31.70K | -73.3% | $1.41M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 20 | Baillie Gifford ✦ | 16.71K | -10.2% | $742,647 | 0.0% | ▼ Trim | 3 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Marshall Wace | $3.93M | 0.0% |
| Marshall Wace | $3.93M | 0.0% |
Exited
| Soros Fund Management | $2.86M | was 0.1% |
| Point72 Asset Management | $2.29M | was 0.0% |
| Gotham Asset Management | $1.41M | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 297 holders, 106.70M shares, $2.17B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.