Cass Information Systems

CASS • NASDAQ

Cass Information Systems is a specialty business services company in the industrials sector on NASDAQ, led by Martin H. Resch, with a market cap of $584.9M. As of Q3 2025, 57% of shares are held by 141 institutional investors, with BlackRock, Inc. as the largest holder at 7.29%.

Chief Executive OfficerMartin H. Resch

Market Cap$584.9M

Specialty Business Services

Industrials

Employees1.2K

Websitecassinfo.com

Country

United States of America

Overview

Overview of institutional ownership in CASS as of Q3 2025 with a market cap of $519.8M

All Institutions

Institutions: 141
Value Held: $296.8M
Shares Held: 7.5M
Avg Position: $2.1M
Median Position: $384.6K

Hedge Funds

Hedge Funds: 13
Value Held: $20.1M
Shares Held: 511.3K
Avg Position: $1.5M
Median Position: $914.4K

Ownership Breakdown

Institutional (non-HF)

53.23%

$276.7M

Hedge Funds

3.86%

$20.1M

Retail & Other

42.91%

$223.0M

Based on market cap of $519.8M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CASS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$37.9M 0.00% of portfolio	7.29% 962.8K shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$32.1M 0.00% of portfolio	6.17% 815.2K shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
Tributary Capital Management, LLC Long Only Manager	Mark Alan Wynegar President	$21.7M 1.03% of portfolio	4.17% 551.1K shares	Q1 2020 Held for 5y 8m	$2.1B
H HEARTLAND ADVISORS INC Long Only Manager	William Richard Nasgovitz CEO	$18.4M 0.97% of portfolio	3.53% 466.6K shares	Q1 2021 Held for 4y 8m	$1.9B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$14.9M 0.00% of portfolio	2.87% 378.9K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
SPEECE THORSON CAPITAL GROUP INC Long Only Manager	Matthew Jeremy Weight Director	$13.8M 2.76% of portfolio	2.66% 351.1K shares	Q4 2023 Held for 1y 11m	$500.5M
FENIMORE ASSET MANAGEMENT INC Long Only Manager	Anne B. Putnam CEO	$13.4M 0.27% of portfolio	2.58% 340.5K shares	Q2 2021 Held for 4y 5m	$5.0B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$13.2M 0.00% of portfolio	2.54% 335.5K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$13.0M 0.00% of portfolio	2.50% 330.0K shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
P ProShare Advisors LLC Institution	Michael Lynn Sapir CEO	$11.9M 0.02% of portfolio	2.29% 302.0K shares	Q2 2018 Held for 7y 5m	$47.8B

Net Capital Flow

Institutional buying and selling activity for CASS in Q3 2025

Traded: +$8.6M
Buyers: 71
Sellers: 62
Total Bought: +$28.7M
Total Sold: −$20.1M
Avg Position: $1.9M

Biggest Buyers

Institution	Net Bought	Current Position
Tributary Capital Management, LLC Long Only Manager	+$10.4M +264.9K shares	$21.7M 551.1K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$2.6M +66.2K shares	$2.8M 71.7K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$1.6M +41.8K shares	$13.2M 335.5K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$1.5M +37.9K shares	$1.8M 44.6K shares
FIRST TRUST ADVISORS LP ETF Provider	+$1.4M +34.9K shares	$1.7M 43.6K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	+$1.0M +26.7K shares	$1.0M 26.7K shares
P ProShare Advisors LLC Institution	+$938.4K +23.9K shares	$11.9M 302.0K shares
GOLDMAN SACHS GROUP INC Institution	+$884.6K +22.5K shares	$2.1M 54.5K shares
SPEECE THORSON CAPITAL GROUP INC Long Only Manager	+$827.4K +21.0K shares	$13.8M 351.1K shares
Emmett Investment Management, LP Hedge Fund•Long/Short	+$686.1K +17.5K shares	$5.3M 135.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	−$3.5M −88.5K shares	$2.8M 70.8K shares
Robeco Investment Management, Inc. Long Only Manager	−$2.9M −66.9K shares	Sold Off 0 shares
ADVISORY RESEARCH INC Long Only Manager	−$1.7M −38.4K shares	Sold Off 0 shares
B BlackRock, Inc. Institution	−$1.6M −39.8K shares	$37.9M 962.8K shares
Ballast Asset Management, LP Long Only Manager	−$1.5M −38.3K shares	$2.0M 51.8K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$719.3K −18.3K shares	$865.1K 22.0K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$705.4K −16.2K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$666.4K −16.9K shares	$2.9M 74.2K shares
R ROYCE & ASSOCIATES LLC Institution	−$651.0K −16.6K shares	$6.0M 151.5K shares
AMERIPRISE FINANCIAL INC Institution	−$600.2K −15.3K shares	$383.1K 9.7K shares

Entry and Exit Activity

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

New Positions: 5
New Value: $304.8K
Exited Positions: 14
Exited Value: $7.3M

New Positions

Institution	Position Value
B Brevan Howard Capital Management LP Institution	$255.3K 6.5K shares
Triumph Capital Management RIA/Wealth	$24.6K 626.0 shares
S State of Alaska, Department of Revenue Institution	$20.8K 528.0 shares
O Optiver Holding B.V. Institution	$3.9K 98.0 shares
Sunbelt Securities, Inc. RIA/Wealth	$315.0 8.0 shares

Exited Positions

Institution	Previous Position
Robeco Investment Management, Inc. Long Only Manager	$2.9M 66.9K shares
ADVISORY RESEARCH INC Long Only Manager	$1.7M 38.4K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$705.4K 16.2K shares
I INCEPTIONR LLC Hedge Fund•Quant	$284.6K 6.6K shares
P PITCAIRN CO Institution	$251.7K 5.8K shares
S SEI INVESTMENTS CO Institution	$229.2K 5.3K shares
INTECH INVESTMENT MANAGEMENT LLC Long Only Manager	$225.4K 5.2K shares
BEACON FINANCIAL GROUP RIA/Wealth	$221.2K 5.1K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$218.4K 5.0K shares
M MANUFACTURERES LIFE INSURANCE CO Institution	$205.8K 4.7K shares

Options Activity

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

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Emmett Investment Management, LP Hedge Fund•Long/Short	Alexander M Rohr Managing Partner	3.73% $5.3M	1.02% 135.0K shares	Q4 2024 Held for 11 months	$141.7M
SPEECE THORSON CAPITAL GROUP INC Long Only Manager	Matthew Jeremy Weight Director	2.76% $13.8M	2.66% 351.1K shares	Q4 2023 Held for 1y 11m	$500.5M
Tributary Capital Management, LLC Long Only Manager	Mark Alan Wynegar President	1.03% $21.7M	4.17% 551.1K shares	Q1 2020 Held for 5y 8m	$2.1B
H HEARTLAND ADVISORS INC Long Only Manager	William Richard Nasgovitz CEO	0.97% $18.4M	3.53% 466.6K shares	Q1 2021 Held for 4y 8m	$1.9B
Ballast Asset Management, LP Long Only Manager	Ragen R Stienke Managing Partner	0.93% $2.0M	0.39% 51.8K shares	Q3 2023 Held for 2y 2m	$219.1M
Uniplan Investment Counsel, Inc. RIA/Wealth	Kris Hunter Jamison CEO	0.33% $3.3M	0.63% 83.8K shares	Q4 2022 Held for 2y 11m	$983.7M
FENIMORE ASSET MANAGEMENT INC Long Only Manager	Anne B. Putnam CEO	0.27% $13.4M	2.58% 340.5K shares	Q2 2021 Held for 4y 5m	$5.0B
C CLARK FINANCIAL SERVICES GROUP INC /BD RIA/Wealth	Christopher William Schulenburg Chairman	0.23% $432.6K	0.08% 11.0K shares	Q1 2023 Held for 2y 8m	$188.2M
JAG CAPITAL MANAGEMENT, LLC Long Only Manager	Norman Benedict Conley CEO	0.11% $1.0M	0.19% 25.6K shares	Q4 2023 Held for 1y 11m	$911.0M
C CSM Advisors, LLC Institution	-	0.10% $3.5M	0.68% 90.2K shares	Q2 2025 Held for 5 months	$3.4B

Hedge Fund Spotlight

Discover hedge funds investing in CASS

Aquatic Capital Management LLC

Hedge Fund • Quant

Portfolio ManagerJonathan Cullen Graham

Portfolio Value: $5.4B
Positions: 1,343
Last Reported: Q3 2025

Sector Allocation

Position in Cass Information Systems

Market Value: $19.4K
Shares Held: 494.0
Portfolio Weight: 0.00%
Owned Since: 2024-Q2

Top Holding	Sector	Market Value	Weight
1 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$82.0M	1.52%
2 Robinhood Markets, Inc. HOOD	Software - Infrastructure Technology	$80.3M	1.49%
3 Microsoft MSFT	Software - Infrastructure Technology	$79.3M	1.47%