Innodata

INOD • NASDAQ

Innodata is a information technology services company in the technology sector on NASDAQ, with a market cap of $1.9B. As of Q3 2025, 54% of shares are held by 253 institutional investors, with BlackRock, Inc. as the largest holder at 7.6%.

Market Cap$1.9B

Information Technology Services

Technology

Employees4.3K

Websiteinnodata.com

Country

United States of America

Overview

Overview of institutional ownership in INOD as of Q3 2025 with a market cap of $2.5B

All Institutions

Institutions: 253
Value Held: $1.3B
Shares Held: 17.4M
Avg Position: $5.3M
Median Position: $506.0K

Hedge Funds

Hedge Funds: 23
Value Held: $131.2M
Shares Held: 1.7M
Avg Position: $5.7M
Median Position: $1.2M

Ownership Breakdown

Institutional (non-HF)

49.09%

$1.2B

Hedge Funds

5.35%

$131.2M

Retail & Other

45.57%

$1.1B

Based on market cap of $2.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in INOD as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$186.6M 0.00% of portfolio	7.60% 2.4M shares	Q1 2017 Held for 8y 8m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$141.8M 0.00% of portfolio	5.78% 1.8M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$85.9M 0.01% of portfolio	3.50% 1.1M shares	Q2 2021 Held for 4y 5m	$1.65T
D D. E. Shaw & Co., Inc. Institution	-	$62.2M 0.05% of portfolio	2.53% 807.1K shares	Q3 2023 Held for 2y 2m	$115.81B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$57.8M 0.00% of portfolio	2.36% 750.4K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$53.3M 0.00% of portfolio	2.17% 691.7K shares	Q2 2021 Held for 4y 5m	$2.88T
HENDERSON GROUP PLC Institution	Ali Dibadj CEO	$41.2M 0.02% of portfolio	1.68% 534.4K shares	Q1 2024 Held for 1y 8m	$218.74B
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Edmund Wellington Iii President	$40.8M 0.01% of portfolio	1.66% 529.1K shares	Q4 2024 Held for 11 months	$571.21B
J JANE STREET GROUP, LLC Institution	-	$31.8M 0.04% of portfolio	1.29% 412.3K shares	Q1 2023 Held for 2y 8m	$84.1B
P PLUSTICK MANAGEMENT LLC Hedge Fund•Distressed	Thomas Johns Hill Managing Partner	$27.7M 11.64% of portfolio	1.13% 360.0K shares	Q2 2023 Held for 2y 5m	$238.5M

Net Capital Flow

Institutional buying and selling activity for INOD in Q3 2025

Net Flow: −$6.0M
Buyers: 86
Sellers: 107
Total Bought: +$204.2M
Total Sold: −$210.2M
Avg Position: $5.8M

Biggest Buyers

Institution	Net Bought	Current Position
J JANE STREET GROUP, LLC Institution	+$25.2M +326.6K shares	$31.8M 412.3K shares
D D. E. Shaw & Co., Inc. Institution	+$24.2M +314.0K shares	$62.2M 807.1K shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$18.8M +243.9K shares	$20.3M 263.5K shares
B BlackRock, Inc. Institution	+$15.5M +201.4K shares	$186.6M 2.4M shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$13.6M +176.0K shares	$20.4M 264.5K shares
R ROYAL BANK OF CANADA Institution	+$11.8M +153.5K shares	$14.2M 183.7K shares
GOLDMAN SACHS GROUP INC Institution	+$11.8M +153.1K shares	$17.6M 228.6K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$11.7M +151.8K shares	$11.7M 151.8K shares
NEXT CENTURY GROWTH INVESTORS LLC Long Only Manager	+$6.1M +79.1K shares	$13.6M 176.3K shares
FIRST TRUST ADVISORS LP ETF Provider	+$6.1M +79.0K shares	$17.9M 231.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
Palisades Investment Partners, LLC RIA/Wealth	−$27.8M −361.1K shares	$594.1K 7.7K shares
MORGAN STANLEY RIA/Wealth	−$22.0M −284.9K shares	$85.9M 1.1M shares
J Jump Financial, LLC Institution	−$20.0M −391.2K shares	Sold Off 0 shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	−$16.8M −218.2K shares	$22.7M 294.1K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$13.3M −172.0K shares	$3.7M 47.9K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$12.5M −161.8K shares	$40.8M 529.1K shares
N NEW YORK STATE COMMON RETIREMENT FUND Institution	−$11.0M −142.4K shares	$787.8K 10.2K shares
UBS Group AG Institution	−$9.7M −125.2K shares	$19.7M 255.9K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$9.4M −121.3K shares	$6.4M 83.4K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$6.2M −80.4K shares	$23.9M 310.3K shares

Entry and Exit Activity

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

New Positions: 67
New Value: $71.5M
Exited Positions: 40
Exited Value: $42.1M

New Positions

Institution	Position Value
FRONTIER CAPITAL MANAGEMENT CO LLC Long Only Manager	$20.7M 269.1K shares
N NOMURA ASSET MANAGEMENT CO LTD Long Only Manager	$10.6M 137.5K shares
S SOROS CAPITAL MANAGEMENT LLC Institution	$7.5M 97.5K shares
Penserra Capital Management LLC ETF Provider	$3.9M 50.3K shares
MOODY ALDRICH PARTNERS LLC Long Only Manager	$3.7M 48.2K shares
Lido Advisors, LLC RIA/Wealth	$2.5M 32.0K shares
W Winton Capital Group Ltd Institution	$1.8M 23.8K shares
Q Quantitative Investment Management, LLC Hedge Fund•Quant Macro	$1.5M 19.4K shares
V Vancity Investment Management Ltd Institution	$1.3M 17.5K shares
Janney Montgomery Scott LLC RIA/Wealth	$1.2M 15.7K shares

Exited Positions

Institution	Previous Position
J Jump Financial, LLC Institution	$20.0M 391.2K shares
EAM Investors, LLC Long Only Manager	$3.6M 69.9K shares
Trexquant Investment LP Hedge Fund•Quant	$3.3M 65.4K shares
A AXIOM INTERNATIONAL INVESTORS LLC /DE Long Only Manager	$2.2M 43.8K shares
W WOLVERINE TRADING, LLC Institution	$1.2M 24.7K shares
H HUSSMAN STRATEGIC ADVISORS, INC. Institution	$1.1M 21.0K shares
Precision Wealth Strategies, LLC RIA/Wealth	$1.0M 19.7K shares
B BENJAMIN EDWARDS INC Institution	$981.1K 19.2K shares
B Brevan Howard Capital Management LP Institution	$937.1K 18.3K shares
H Headlands Technologies LLC Institution	$721.2K 14.1K shares

Options Activity

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

Call Positions: 13
Call Value: $160.0M
Put Positions: 12
Put Value: $130.8M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$83.4M 10.8K contracts
J JANE STREET GROUP, LLC Institution	$29.0M 3.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$28.6M 3.7K contracts
D D. E. Shaw & Co., Inc. Institution	$6.4M 825.0 contracts
P PEAK6 LLC Institution	$2.3M 295.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$2.1M 273.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$2.1M 272.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$2.0M 265.0 contracts
C Cubist Systematic Strategies, LLC Institution	$1.6M 212.0 contracts
Walleye Trading LLC RIA/Wealth	$1.5M 193.0 contracts

Put Positions

Institution	Position Value
D Dorsal Capital Management, LLC Hedge Fund•Long/Short	$46.2M 6.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$34.1M 4.4K contracts
J JANE STREET GROUP, LLC Institution	$19.8M 2.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$17.7M 2.3K contracts
D D. E. Shaw & Co., Inc. Institution	$3.4M 447.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$3.0M 392.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$1.8M 240.0 contracts
Walleye Trading LLC RIA/Wealth	$1.7M 223.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$1.7M 216.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$662.8K 86.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
P PLUSTICK MANAGEMENT LLC Hedge Fund•Distressed	Thomas Johns Hill Managing Partner	11.64% $27.7M	1.13% 360.0K shares	Q2 2023 Held for 2y 5m	$238.5M
S SOROS CAPITAL MANAGEMENT LLC Institution	-	1.86% $7.5M	0.31% 97.5K shares	Q3 2025 Held for 2 months	$404.5M
NEXT CENTURY GROWTH INVESTORS LLC Long Only Manager	Thomas Leigh Press CEO	1.01% $13.6M	0.55% 176.3K shares	Q2 2023 Held for 2y 5m	$1.4B
MOODY ALDRICH PARTNERS LLC Long Only Manager	Daniel Brook Wanzenberg CIO	0.71% $3.7M	0.15% 48.2K shares	Q3 2025 Held for 2 months	$527.2M
Uniplan Investment Counsel, Inc. RIA/Wealth	Kris Hunter Jamison CEO	0.52% $5.1M	0.21% 65.8K shares	Q2 2025 Held for 5 months	$983.7M
City Center Advisors, LLC RIA/Wealth	David Joel Hardin CEO	0.45% $467.6K	0.02% 6.1K shares	Q3 2025 Held for 2 months	$102.9M
RENAISSANCE GROUP LLC Long Only Manager	Blake Thornton Headley President	0.44% $11.8M	0.48% 152.9K shares	Q1 2025 Held for 8 months	$2.7B
C CUSTOM INDEX SYSTEMS, LLC RIA/Wealth	Jon A Duprau Managing Partner	0.36% $1.2M	0.05% 15.6K shares	Q1 2025 Held for 8 months	$337.3M
NAPA WEALTH MANAGEMENT RIA/Wealth	George Paul Mccuen President	0.33% $636.2K	0.03% 8.3K shares	Q1 2025 Held for 8 months	$191.3M
Strong Tower Advisory Services RIA/Wealth	Troy Dale Winegarner Managing Partner	0.33% $1.7M	0.07% 22.6K shares	Q1 2025 Held for 8 months	$528.0M

Hedge Fund Spotlight

Discover hedge funds investing in INOD

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 Innodata

Market Value: $967.7K
Shares Held: 12.6K
Portfolio Weight: 0.02%
Owned Since: 2025-Q1

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%