nCino, Inc.

NCNO • NASDAQ

nCino, Inc. is a software - application company in the technology sector on NASDAQ, with a market cap of $2.9B. As of Q3 2025, 112% of shares are held by 295 institutional investors, with VANGUARD GROUP INC as the largest holder at 10.3%.

Market Cap$2.9B

Software - Application

Technology

Employees1.7K

Websitencino.com

Country

United States of America

Overview

Overview of institutional ownership in NCNO as of Q3 2025 with a market cap of $3.1B

All Institutions

Institutions: 295
Value Held: $3.5B
Shares Held: 129.2M
Avg Position: $11.9M
Median Position: $868.7K

Hedge Funds

Hedge Funds: 50
Value Held: $682.5M
Shares Held: 25.2M
Avg Position: $13.6M
Median Position: $2.7M

Ownership Breakdown

Institutional (non-HF)

89.85%

$2.8B

Hedge Funds

21.74%

$682.5M

Retail & Other

Based on market cap of $3.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in NCNO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$323.3M 0.00% of portfolio	10.30% 11.9M shares	Q3 2020 Held for 5y 2m	$6.69T
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager	George Robert Aylward CEO	$190.1M 0.46% of portfolio	6.06% 7.0M shares	Q3 2020 Held for 5y 2m	$41.0B
HMI Capital, LLC Hedge Fund•Value	Justin Carr Nyweide CIO	$183.7M 10.61% of portfolio	5.85% 6.8M shares	Q1 2021 Held for 4y 8m	$1.7B
C Capital International Investors Institution	-	$158.8M 0.03% of portfolio	5.06% 5.9M shares	Q1 2024 Held for 1y 8m	$615.90B
B BlackRock, Inc. Institution	-	$143.2M 0.00% of portfolio	4.56% 5.3M shares	Q3 2020 Held for 5y 2m	$5.67T
WASATCH ADVISORS INC Long Only Manager	Michael Kenneth Yeates CEO	$134.5M 0.72% of portfolio	4.28% 5.0M shares	Q3 2021 Held for 4y 2m	$18.6B
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$126.5M 0.08% of portfolio	4.03% 4.7M shares	Q3 2022 Held for 3y 2m	$161.58B
Long Path Partners LP Private Equity	William Brennan Managing Partner	$91.3M 32.99% of portfolio	2.91% 3.4M shares	Q4 2022 Held for 2y 11m	$276.6M
FMR LLC Institution	-	$70.9M 0.00% of portfolio	2.26% 2.6M shares	Q3 2020 Held for 5y 2m	$1.92T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$68.1M 0.01% of portfolio	2.17% 2.5M shares	Q3 2020 Held for 5y 2m	$1.33T

Net Capital Flow

Institutional buying and selling activity for NCNO in Q3 2025

Traded: −$140.4M
Buyers: 166
Sellers: 135
Total Bought: +$525.9M
Total Sold: −$666.3M
Avg Position: $10.3M

Biggest Buyers

Institution	Net Bought	Current Position
RIMA SENVEST MANAGEMENT, L.L.C. Hedge Fund•Multi-Strategy	+$63.8M +2.4M shares	$65.6M 2.4M shares
BANK OF AMERICA CORP /DE/ Institution	+$56.3M +2.1M shares	$68.1M 2.5M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$40.6M +1.5M shares	$43.6M 1.6M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$37.0M +1.4M shares	$37.0M 1.4M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$28.9M +1.1M shares	$54.3M 2.0M shares
Marshall Wace LLP Institution	+$27.7M +1.0M shares	$31.8M 1.2M shares
Azora Capital LP Hedge Fund•Long/Short	+$15.7M +579.7K shares	$31.0M 1.1M shares
Spyglass Capital Management LLC Long Only Manager	+$15.4M +569.2K shares	$58.3M 2.1M shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	+$13.9M +513.7K shares	$18.3M 675.4K shares
J JANE STREET GROUP, LLC Institution	+$13.0M +478.4K shares	$13.2M 486.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
Sachem Head Capital Management LP Hedge Fund•Long/Short	−$125.7M −4.5M shares	Sold Off 0 shares
I Insight Holdings Group, LLC Institution	−$124.7M −4.5M shares	Sold Off 0 shares
Long Path Partners LP Private Equity	−$38.5M −1.4M shares	$91.3M 3.4M shares
ShawSpring Partners LLC Hedge Fund•Long/Short	−$36.2M −1.3M shares	$42.1M 1.6M shares
WASATCH ADVISORS INC Long Only Manager	−$34.0M −1.3M shares	$134.5M 5.0M shares
UBS Group AG Institution	−$29.2M −1.1M shares	$30.5M 1.1M shares
MORGAN STANLEY RIA/Wealth	−$27.8M −1.0M shares	$31.5M 1.2M shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	−$24.3M −894.9K shares	$126.5M 4.7M shares
N NEW YORK STATE COMMON RETIREMENT FUND Institution	−$16.7M −616.0K shares	$4.6M 168.4K shares
Capital Research Global Investors RIA/Wealth	−$16.2M −597.8K shares	$60.4M 2.2M shares

Entry and Exit Activity

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

New Positions: 28
New Value: $21.8M
Exited Positions: 43
Exited Value: $315.7M

New Positions

Institution	Position Value
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$8.5M 311.8K shares
CASTLEARK MANAGEMENT LLC Long Only Manager	$5.5M 201.1K shares
G G2 Investment Partners Management LLC Hedge Fund•Long/Short	$1.4M 50.0K shares
Morningstar Investment Management LLC Long Only Manager	$913.5K 33.7K shares
H Headlands Technologies LLC Institution	$748.5K 27.6K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$638.4K 20.1K shares
R Resona Asset Management Co.,Ltd. Institution	$499.9K 18.4K shares
S Sender Co & Partners, Inc. Institution	$468.2K 17.3K shares
1 111 Capital Institution	$449.5K 16.6K shares
I INCEPTIONR LLC Hedge Fund•Quant	$436.3K 16.1K shares

Exited Positions

Institution	Previous Position
Sachem Head Capital Management LP Hedge Fund•Long/Short	$125.7M 4.5M shares
I Insight Holdings Group, LLC Institution	$124.7M 4.5M shares
Granite Investment Partners, LLC Long Only Manager	$13.1M 469.5K shares
D Daventry Group, LP Hedge Fund•Long/Short	$10.8M 384.8K shares
Hawk Ridge Management LLC Hedge Fund•Long/Short	$8.2M 293.3K shares
M Man Group plc Institution	$5.7M 205.6K shares
L LIGHT STREET CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	$4.2M 150.8K shares
I Infini Capital Management Ltd Institution	$3.7M 131.4K shares
V Vanderbilt University Institution	$3.1M 109.6K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	$2.9M 103.4K shares

Options Activity

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

Call Positions: 8
Call Value: $9.3M
Put Positions: 5
Put Value: $2.7M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$5.8M 2.1K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.8M 650.0 contracts
J JANE STREET GROUP, LLC Institution	$1.6M 572.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$227.7K 84.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	- - contracts
W WOLVERINE TRADING, LLC Institution	- - contracts
Walleye Trading LLC RIA/Wealth	- - contracts
M Man Group plc Institution	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.3M 838.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$414.8K 153.0 contracts
C CSS LLC/IL Institution	- - contracts
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	- - contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Long Path Partners LP Private Equity	William Brennan Managing Partner	32.99% $91.3M	2.91% 3.4M shares	Q4 2022 Held for 2y 11m	$276.6M
Lead Edge Capital Management, LLC Venture Capital	Mitchell Howard Green Founder	11.49% $43.5M	1.39% 1.6M shares	Q3 2024 Held for 1y 2m	$378.5M
HMI Capital, LLC Hedge Fund•Value	Justin Carr Nyweide CIO	10.61% $183.7M	5.85% 6.8M shares	Q1 2021 Held for 4y 8m	$1.7B
Owls Nest Partners IA, LLC Hedge Fund•Value	David C Ferreira President	10.04% $36.1M	1.15% 1.3M shares	Q2 2025 Held for 5 months	$359.8M
S Shannon River Fund Management CO LLC Hedge Fund•Long/Short	Spencer Marshal Waxman Managing Partner	6.89% $42.8M	1.36% 1.6M shares	Q2 2025 Held for 5 months	$621.2M
ShawSpring Partners LLC Hedge Fund•Long/Short	Dennis Hong Managing Partner	6.26% $42.1M	1.34% 1.6M shares	Q2 2024 Held for 1y 5m	$672.6M
Ararat Capital Management, LP Hedge Fund•Long/Short	Raffi Charles Tokatlian Managing Partner	4.95% $9.8M	0.31% 361.3K shares	Q2 2025 Held for 5 months	$197.8M
Spyglass Capital Management LLC Long Only Manager	James Andrew Robillard President	3.11% $58.3M	1.86% 2.1M shares	Q2 2025 Held for 5 months	$1.9B
Tensile Capital Management LLC Hedge Fund•Value	Arthur Chiakai Young Managing Partner	3.05% $24.4M	0.78% 901.5K shares	Q2 2023 Held for 2y 5m	$800.4M
Bullseye Asset Management LLC Hedge Fund•Long/Short	Jakob Vincent Holm Member	2.42% $4.6M	0.15% 170.1K shares	Q2 2022 Held for 3y 5m	$191.0M