CyberArk Software

CYBR • NASDAQ

CyberArk Software is a software - infrastructure company in the technology sector on NASDAQ, led by Ehud (Udi) Mokady, with a market cap of $23.8B. As of Q3 2025, 84% of shares are held by 686 institutional investors, with Pentwater Capital Management LP as the largest holder at 7.27%.

CEO and ChairmanEhud (Udi) Mokady

Market Cap$23.8B

Software - Infrastructure

Technology

Employees3.0K

Websitecyberark.com

Overview

Overview of institutional ownership in CYBR as of Q3 2025 with a market cap of $24.4B

All Institutions

Institutions: 686
Value Held: $20.6B
Shares Held: 42.8M
Avg Position: $30.0M
Median Position: $1.6M

Hedge Funds

Hedge Funds: 82
Value Held: $7.1B
Shares Held: 15.0M
Avg Position: $86.7M
Median Position: $19.5M

Ownership Breakdown

Institutional (non-HF)

55.28%

$13.5B

Hedge Funds

29.18%

$7.1B

Retail & Other

15.54%

$3.8B

Based on market cap of $24.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CYBR as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Pentwater Capital Management LP Hedge Fund•Event Driven	Matthew Charles Halbower CEO	$1.8B 16.77% of portfolio	7.27% 3.7M shares	Q3 2025 Held for 2 months	$10.6B
HBK INVESTMENTS L P Hedge Fund•Multi-Strategy	Matthew Atcheson Leffers President	$1.1B 18.82% of portfolio	4.66% 2.4M shares	Q3 2025 Held for 2 months	$6.0B
B BlackRock, Inc. Institution	-	$1.1B 0.02% of portfolio	4.57% 2.3M shares	Q2 2016 Held for 9y 5m	$5.67T
FMR LLC Institution	-	$954.0M 0.05% of portfolio	3.92% 2.0M shares	Q2 2018 Held for 7y 5m	$1.92T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$612.2M 0.07% of portfolio	2.51% 1.3M shares	Q3 2014 Held for 11y 2m	$912.31B
UBS Group AG Institution	Sergio P. Ermotti CEO	$588.4M 0.12% of portfolio	2.42% 1.2M shares	Q4 2014 Held for 10y 11m	$511.54B
FIRST TRUST ADVISORS LP ETF Provider	James Allen Bowen CEO	$514.2M 0.38% of portfolio	2.11% 1.1M shares	Q3 2015 Held for 10y 2m	$134.11B
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$475.8M 0.39% of portfolio	1.95% 984.7K shares	Q3 2014 Held for 11y 2m	$121.98B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$464.2M 0.03% of portfolio	1.91% 960.7K shares	Q4 2014 Held for 10y 11m	$1.33T
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$462.3M 0.38% of portfolio	1.90% 956.8K shares	Q4 2015 Held for 9y 11m	$122.08B

Net Capital Flow

Institutional buying and selling activity for CYBR in Q3 2025

Net Flow: −$5.5B
Buyers: 185
Sellers: 447
Total Bought: +$3.3B
Total Sold: −$8.8B
Avg Position: $21.0M

Biggest Buyers

Institution	Net Bought	Current Position
UBS Group AG Institution	+$449.5M +930.3K shares	$588.4M 1.2M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$348.3M +721.0K shares	$475.8M 984.7K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$336.7M +696.8K shares	$462.3M 956.8K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$291.8M +604.0K shares	$432.0M 894.1K shares
BANK OF AMERICA CORP /DE/ Institution	+$218.4M +452.0K shares	$464.2M 960.7K shares
BARCLAYS PLC Institution	+$206.0M +426.4K shares	$227.8M 471.4K shares
CITIGROUP INC Institution	+$161.5M +334.2K shares	$273.0M 565.0K shares
GOLDMAN SACHS GROUP INC Institution	+$130.8M +270.7K shares	$269.6M 558.0K shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	+$102.1M +211.2K shares	$102.1M 211.2K shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	+$98.9M +204.7K shares	$119.2M 246.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
B BlackRock, Inc. Institution	−$834.9M −1.7M shares	$1.1B 2.3M shares
JENNISON ASSOCIATES LLC Long Only Manager	−$386.1M −799.0K shares	$223.2M 462.0K shares
Invesco Ltd. ETF Provider	−$385.1M −797.1K shares	$138.0M 285.7K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$358.2M −741.4K shares	$560.0K 1.2K shares
FMR LLC Institution	−$281.4M −582.4K shares	$954.0M 2.0M shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	−$269.8M −558.5K shares	$159.9M 330.9K shares
Allspring Global Investments Holdings, LLC Long Only Manager	−$256.7M −523.7K shares	$469.1K 957.0 shares
LORD, ABBETT & CO. LLC Long Only Manager	−$253.5M −623.0K shares	Sold Off 0 shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$235.8M −488.1K shares	$612.2M 1.3M shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	−$219.1M −453.5K shares	$709.3K 1.5K shares

Entry and Exit Activity

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

New Positions: 96
New Value: $3.4B
Exited Positions: 168
Exited Value: $2.2B

New Positions

Institution	Position Value
Pentwater Capital Management LP Hedge Fund•Event Driven	$1.8B 3.7M shares
GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy	$164.5M 340.4K shares
TIG Advisors, LLC Hedge Fund•Multi-Strategy	$143.0M 296.1K shares
Westchester Capital Management, LLC Hedge Fund•Merger Arb	$134.3M 278.0K shares
ALPINE ASSOCIATES MANAGEMENT INC. Hedge Fund•Merger Arb	$98.6M 204.2K shares
O Omni Event Management Ltd Institution	$97.5M 201.9K shares
A Absolute Gestao de Investimentos Ltda. Institution	$92.2M 190.9K shares
W WHITEBOX ADVISORS LLC Hedge Fund•Multi-Strategy	$66.7M 138.0K shares
Polar Securities Inc. Hedge Fund•Multi-Strategy	$60.9M 126.0K shares
CNH PARTNERS LLC Hedge Fund•Multi-Strategy	$59.1M 122.4K shares

Exited Positions

Institution	Previous Position
LORD, ABBETT & CO. LLC Long Only Manager	$253.5M 623.0K shares
Polar Capital Holdings Plc Long Only Manager	$172.3M 423.4K shares
G GCIC Ltd. Institution	$151.6M 372.5K shares
Cartenna Capital, LP Hedge Fund•Long/Short	$130.2M 320.0K shares
Hood River Capital Management LLC Long Only Manager	$97.4M 239.4K shares
Greenvale Capital LLP Hedge Fund•Long/Short	$75.3M 185.0K shares
A Anatole Investment Management Ltd Institution	$58.1M 142.7K shares
PointState Capital LP Hedge Fund•Multi-Strategy	$57.5M 141.4K shares
Spyglass Capital Management LLC Long Only Manager	$52.6M 129.2K shares
F Fiera Capital Corp Institution	$52.1M 128.2K shares

Options Activity

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

Call Positions: 20
Call Value: $605.9M
Put Positions: 21
Put Value: $203.9M

Call Positions

Institution	Position Value
UBS Group AG Institution	$391.9M 8.1K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$99.6M 2.1K contracts
Walleye Trading LLC RIA/Wealth	$52.2M 1.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$21.0M 435.0 contracts
D D. E. Shaw & Co., Inc. Institution	$8.6M 177.0 contracts
W WOLVERINE TRADING, LLC Institution	$6.3M 130.0 contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$5.4M 112.0 contracts
C Cubist Systematic Strategies, LLC Institution	$5.4M 111.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$4.4M 92.0 contracts
J JANE STREET GROUP, LLC Institution	$3.7M 76.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$107.6M 2.2K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$19.3M 400.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$18.9M 392.0 contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$9.7M 201.0 contracts
D D. E. Shaw & Co., Inc. Institution	$7.5M 156.0 contracts
J JANE STREET GROUP, LLC Institution	$7.4M 153.0 contracts
C Cubist Systematic Strategies, LLC Institution	$6.4M 133.0 contracts
UBS Group AG Institution	$6.3M 130.0 contracts
Walleye Trading LLC RIA/Wealth	$5.9M 122.0 contracts
W WOLVERINE TRADING, LLC Institution	$5.3M 109.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S Samson Rock Capital LLP Institution	-	38.59% $14.5M	0.06% 30.0K shares	Q3 2025 Held for 2 months	$37.6M
Decagon Asset Management LLP Hedge Fund•Event Driven	Benjamin John Durham CEO	21.43% $36.2M	0.15% 75.0K shares	Q3 2025 Held for 2 months	$169.1M
HBK INVESTMENTS L P Hedge Fund•Multi-Strategy	Matthew Atcheson Leffers President	18.82% $1.1B	4.66% 2.4M shares	Q3 2025 Held for 2 months	$6.0B
H HARVEST MANAGEMENT LLC Hedge Fund•Event Driven	Nathaniel Lee Bohrer Managing Partner	18.72% $38.1M	0.16% 78.8K shares	Q3 2025 Held for 2 months	$203.3M
Pentwater Capital Management LP Hedge Fund•Event Driven	Matthew Charles Halbower CEO	16.77% $1.8B	7.27% 3.7M shares	Q3 2025 Held for 2 months	$10.6B
Boussard & Gavaudan Investment Management LLP Hedge Fund•Multi-Strategy	Emmanuel Gavaudan CEO	16.33% $23.8M	0.10% 49.2K shares	Q3 2025 Held for 2 months	$145.9M
A Absolute Gestao de Investimentos Ltda. Institution	-	12.22% $92.2M	0.38% 190.9K shares	Q3 2025 Held for 2 months	$754.7M
T Twin Securities, Inc. Hedge Fund•Event Driven	David Joel Simon President	11.40% $22.6M	0.09% 46.8K shares	Q3 2025 Held for 2 months	$198.5M
O Omni Event Management Ltd Institution	-	11.33% $97.5M	0.40% 201.9K shares	Q3 2025 Held for 2 months	$860.9M
B Birnam Oak Advisors, LP Hedge Fund•Event Driven	Christopher Lord Delong CEO	11.17% $45.5M	0.19% 94.2K shares	Q3 2025 Held for 2 months	$407.3M

Hedge Fund Spotlight

Discover hedge funds investing in CYBR

Squarepoint Ops LLC

Hedge Fund • Quant

Portfolio ManagerMichael Gottlieb

Portfolio Value: $46.9B
Positions: 2,529
Last Reported: Q3 2025

Sector Allocation

Position in CyberArk Software

Market Value: $47.6M
Shares Held: 98.6K
Portfolio Weight: 0.10%
Owned Since: 2021-Q1

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