AudioCodes

AUDC • NASDAQ

AudioCodes is a communication equipment company in the technology sector on NASDAQ, led by Shabtai Adlersberg, with a market cap of $260.4M. As of Q3 2025, 36% of shares are held by 68 institutional investors, with Value Base Ltd. as the largest holder at 7.04%.

CEOShabtai Adlersberg

Market Cap$260.4M

Communication Equipment

Technology

Employees950.0

Websiteaudiocodes.com

Overview

Overview of institutional ownership in AUDC as of Q3 2025 with a market cap of $273.0M

All Institutions

Institutions: 68
Value Held: $98.1M
Shares Held: 10.3M
Avg Position: $1.4M
Median Position: $194.6K

Hedge Funds

Hedge Funds: 11
Value Held: $27.7M
Shares Held: 2.9M
Avg Position: $2.5M
Median Position: $742.2K

Ownership Breakdown

Institutional (non-HF)

25.78%

$70.4M

Hedge Funds

10.15%

$27.7M

Retail & Other

64.08%

$174.9M

Based on market cap of $273.0M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in AUDC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
V Value Base Ltd. Institution	-	$19.2M 13.61% of portfolio	7.04% 2.0M shares	Q4 2024 Held for 11 months	$141.2M
RIMA SENVEST MANAGEMENT, L.L.C. Hedge Fund•Multi-Strategy	Richard Ron Mashaal Founder	$16.3M 0.52% of portfolio	5.98% 1.7M shares	Q2 2023 Held for 2y 5m	$3.1B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$11.2M 0.00% of portfolio	4.11% 1.2M shares	Q3 2013 Held for 12y 2m	$1.65T
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	Gillian Morna Therese Savage CEO	$11.1M 0.02% of portfolio	4.08% 1.2M shares	Q2 2016 Held for 9y 5m	$51.5B
H HEARTLAND ADVISORS INC Long Only Manager	William Richard Nasgovitz CEO	$9.8M 0.52% of portfolio	3.59% 1.0M shares	Q2 2022 Held for 3y 5m	$1.9B
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	Anthony Ryan CEO	$5.9M 0.00% of portfolio	2.16% 620.8K shares	Q1 2023 Held for 2y 8m	$158.92B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$2.6M 0.00% of portfolio	0.94% 269.1K shares	Q1 2025 Held for 8 months	$691.34B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$2.4M 0.00% of portfolio	0.88% 252.8K shares	Q4 2019 Held for 5y 11m	$466.32B
ARK Investment Management LLC ETF Provider	Catherine Duddy Wood CEO	$1.7M 0.01% of portfolio	0.63% 180.2K shares	Q4 2017 Held for 7y 11m	$16.5B
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$1.3M 0.00% of portfolio	0.49% 141.3K shares	Q4 2014 Held for 10y 11m	$121.98B

Net Capital Flow

Institutional buying and selling activity for AUDC in Q3 2025

Traded: −$5.8M
Buyers: 31
Sellers: 24
Total Bought: +$7.6M
Total Sold: −$13.4M
Avg Position: $1.3M

Biggest Buyers

Institution	Net Bought	Current Position
GOLDMAN SACHS GROUP INC Institution	+$2.3M +246.6K shares	$2.6M 269.1K shares
H HEARTLAND ADVISORS INC Long Only Manager	+$1.3M +138.3K shares	$9.8M 1.0M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$869.8K +91.4K shares	$1.3M 141.3K shares
J JANE STREET GROUP, LLC Institution	+$617.1K +64.8K shares	$845.4K 88.8K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$509.3K +53.3K shares	$5.9M 620.8K shares
BANK OF AMERICA CORP /DE/ Institution	+$357.4K +37.5K shares	$549.6K 57.7K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$239.5K +25.2K shares	$239.5K 25.2K shares
SUSQUEHANNA ADVISORS GROUP, INC. Private Equity	+$217.2K +22.8K shares	$217.2K 22.8K shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	+$205.8K +21.6K shares	$205.8K 21.6K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	+$177.0K +18.6K shares	$177.0K 18.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
VANGUARD GROUP INC Institution	−$7.3M −762.8K shares	$984.0K 102.6K shares
RIMA SENVEST MANAGEMENT, L.L.C. Hedge Fund•Multi-Strategy	−$1.8M −189.9K shares	$16.3M 1.7M shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	−$1.1M −118.7K shares	$896.1K 94.1K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$897.9K −94.3K shares	$115.5K 12.1K shares
D D. E. Shaw & Co., Inc. Institution	−$886.0K −93.1K shares	$298.5K 31.4K shares
Marshall Wace LLP Institution	−$451.7K −47.4K shares	$1.3M 131.9K shares
JPMORGAN CHASE & CO Institution	−$237.7K −25.0K shares	$136.5K 14.3K shares
Y Y.D. More Investments Ltd Institution	−$194.4K −19.8K shares	Sold Off 0 shares
UBS Group AG Institution	−$127.2K −13.4K shares	$1.0M 107.7K shares
Q Qube Research & Technologies Ltd Institution	−$115.8K −11.8K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited AUDC in Q3 2025

New Positions: 5
New Value: $571.0K
Exited Positions: 5
Exited Value: $355.3K

New Positions

Institution	Position Value
SUSQUEHANNA ADVISORS GROUP, INC. Private Equity	$217.2K 22.8K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$177.0K 18.6K shares
S SIH Partners, LLLP Institution	$170.1K 17.9K shares
ROTHSCHILD INVESTMENT LLC RIA/Wealth	$5.7K 600.0 shares
R Root Financial Partners, LLC RIA/Wealth	$1.1K 114.0 shares

Exited Positions

Institution	Previous Position
Y Y.D. More Investments Ltd Institution	$194.4K 19.8K shares
Q Qube Research & Technologies Ltd Institution	$115.8K 11.8K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$43.5K 4.4K shares
R ROYAL BANK OF CANADA Institution	$1.6K 160.0 shares
H HUNTINGTON NATIONAL BANK Long Only Manager	$59.0 6.0 shares

Options Activity

Institutions with the largest Call and Put options positions in AUDC as of Q3 2025

Call Positions: 1
Call Value: -
Put Positions: 3
Put Value: $1.4M

Call Positions

Institution	Position Value
P PEAK6 LLC Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$997.7K 1.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$242.8K 255.0 contracts
J JANE STREET GROUP, LLC Institution	$135.2K 142.0 contracts

Most Committed Institutions

Institutions with AUDC as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
V Value Base Ltd. Institution	-	13.61% $19.2M	7.04% 2.0M shares	Q4 2024 Held for 11 months	$141.2M
Q QSV Equity Investors LLC Institution	-	1.31% $1.3M	0.47% 135.2K shares	Q4 2023 Held for 1y 11m	$97.9M
RIMA SENVEST MANAGEMENT, L.L.C. Hedge Fund•Multi-Strategy	Richard Ron Mashaal Founder	0.52% $16.3M	5.98% 1.7M shares	Q2 2023 Held for 2y 5m	$3.1B
H HEARTLAND ADVISORS INC Long Only Manager	William Richard Nasgovitz CEO	0.52% $9.8M	3.59% 1.0M shares	Q2 2022 Held for 3y 5m	$1.9B
Y Yelin Lapidot Holdings Management Ltd. Institution	-	0.04% $191.5K	0.07% 20.1K shares	Q3 2023 Held for 2y 2m	$476.2M
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	Gillian Morna Therese Savage CEO	0.02% $11.1M	4.08% 1.2M shares	Q2 2016 Held for 9y 5m	$51.5B
S SIH Partners, LLLP Institution	-	0.01% $170.1K	0.06% 17.9K shares	Q3 2025 Held for 2 months	$1.1B
Trexquant Investment LP Hedge Fund•Quant	Taesoon (Tyger) Park CEO	0.01% $1.1M	0.40% 113.3K shares	Q1 2023 Held for 2y 8m	$9.7B
ARK Investment Management LLC ETF Provider	Catherine Duddy Wood CEO	0.01% $1.7M	0.63% 180.2K shares	Q4 2017 Held for 7y 11m	$16.5B
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	Brian Kevin Douglas CEO	0.01% $177.0K	0.06% 18.6K shares	Q3 2025 Held for 2 months	$1.8B