NetApp

NTAP • NASDAQ

NetApp is a computer hardware company in the technology sector on NASDAQ, led by George Kurian, with a market cap of $22.9B. As of Q3 2025, 95% of shares are held by 844 institutional investors, with VANGUARD GROUP INC as the largest holder at 13.63%.

Chief Executive OfficerGeorge Kurian

Market Cap$22.9B

Computer Hardware

Technology

Employees11.8K

Websitenetapp.com

Country

United States of America

Overview

Overview of institutional ownership in NTAP as of Q3 2025 with a market cap of $23.6B

All Institutions

Institutions: 844
Value Held: $22.4B
Shares Held: 188.7M
Avg Position: $26.5M
Median Position: $916.0K

Hedge Funds

Hedge Funds: 47
Value Held: $936.8M
Shares Held: 7.9M
Avg Position: $19.9M
Median Position: $1.8M

Ownership Breakdown

Institutional (non-HF)

90.56%

$21.4B

Hedge Funds

3.96%

$936.8M

Retail & Other

5.48%

$1.3B

Based on market cap of $23.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in NTAP as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$3.2B 0.05% of portfolio	13.63% 27.2M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$2.5B 0.04% of portfolio	10.64% 21.2M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$1.2B 0.04% of portfolio	5.05% 10.1M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
PRIMECAP MANAGEMENT CO/CA/ Long Only Manager	Theofanis A Kolokotrones Chairman	$1.1B 0.89% of portfolio	4.82% 9.6M shares	≤ Q2 2013 Held for 12y 5m+	$128.84B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$759.4M 0.05% of portfolio	3.21% 6.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$729.3M 0.17% of portfolio	3.08% 6.2M shares	≤ Q2 2013 Held for 12y 5m+	$433.11B
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$582.3M 0.10% of portfolio	2.46% 4.9M shares	Q3 2016 Held for 9y 2m	$571.21B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$478.4M 0.03% of portfolio	2.02% 4.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	James Poucher CEO	$416.6M 0.09% of portfolio	1.76% 3.5M shares	≤ Q2 2013 Held for 12y 5m+	$460.61B
Beutel, Goodman & Co Ltd. Long Only Manager	Jackie Corneil Managing Partner	$415.9M 2.51% of portfolio	1.76% 3.5M shares	Q3 2021 Held for 4y 2m	$16.6B

Net Capital Flow

Institutional buying and selling activity for NTAP in Q3 2025

Traded: +$353.6M
Buyers: 421
Sellers: 364
Total Bought: +$1.9B
Total Sold: −$1.5B
Avg Position: $24.5M

Biggest Buyers

Institution	Net Bought	Current Position
LYRICAL ASSET MANAGEMENT LP Private Equity	+$327.6M +2.8M shares	$327.6M 2.8M shares
JPMORGAN CHASE & CO Institution	+$211.0M +1.8M shares	$478.4M 4.0M shares
P Pacer Advisors, Inc. Institution	+$107.5M +907.2K shares	$211.2M 1.8M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$105.0M +886.5K shares	$216.0M 1.8M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$91.4M +771.8K shares	$219.1M 1.8M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$85.1M +718.4K shares	$582.3M 4.9M shares
CITIGROUP INC Institution	+$75.1M +634.1K shares	$109.9M 927.5K shares
R ROYAL BANK OF CANADA Institution	+$61.4M +518.3K shares	$180.0M 1.5M shares
Robeco Investment Management, Inc. Long Only Manager	+$43.9M +370.4K shares	$393.0M 3.3M shares
T TCW GROUP INC Institution	+$37.6M +317.4K shares	$77.1M 650.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
PRIMECAP MANAGEMENT CO/CA/ Long Only Manager	−$182.0M −1.5M shares	$1.1B 9.6M shares
A Amundi Institution	−$114.3M −950.4K shares	$169.8M 1.4M shares
B BlackRock, Inc. Institution	−$92.6M −782.0K shares	$2.5B 21.2M shares
AMERIPRISE FINANCIAL INC Institution	−$87.7M −740.3K shares	$729.3M 6.2M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	−$82.2M −695.0K shares	$759.4M 6.4M shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	−$69.9M −656.1K shares	Sold Off 0 shares
VANGUARD GROUP INC Institution	−$62.7M −529.6K shares	$3.2B 27.2M shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	−$42.2M −356.4K shares	$56.4M 475.8K shares
STATE STREET CORP Institution	−$39.8M −336.0K shares	$1.2B 10.1M shares
A Allianz Asset Management AG Institution	−$35.6M −300.5K shares	$116.1M 979.9K shares

Entry and Exit Activity

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

New Positions: 53
New Value: $351.9M
Exited Positions: 68
Exited Value: $143.4M

New Positions

Institution	Position Value
LYRICAL ASSET MANAGEMENT LP Private Equity	$327.6M 2.8M shares
B Bank Julius Baer & Co. Ltd, Zurich Institution	$5.2M 44.0K shares
OPPENHEIMER ASSET MANAGEMENT INC. RIA/Wealth	$2.8M 23.2K shares
WRIGHT INVESTORS SERVICE INC Long Only Manager	$2.7M 22.8K shares
LAKE STREET FINANCIAL LLC RIA/Wealth	$2.1M 17.8K shares
F Fieldview Capital Management, LLC Hedge Fund•Long/Short	$1.4M 11.7K shares
TORTOISE CAPITAL ADVISORS, L.L.C. Real Assets	$1.1M 9.7K shares
V VCI Wealth Management LLC Institution	$977.3K 8.3K shares
ClearAlpha Technologies LP Hedge Fund•Multi-Strategy	$755.9K 6.4K shares
Q Quantessence Capital LLC Hedge Fund•Quant	$720.7K 6.1K shares

Exited Positions

Institution	Previous Position
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$69.9M 656.1K shares
A AXA Institution	$28.2M 264.2K shares
C CSM Advisors, LLC Institution	$6.7M 63.3K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$6.5M 60.7K shares
NAVELLIER & ASSOCIATES INC RIA/Wealth	$4.4M 41.5K shares
STANCE CAPITAL LLC Long Only Manager	$2.4M 22.9K shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$2.0M 19.0K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$1.9M 17.6K shares
H Headlands Technologies LLC Institution	$1.8M 16.9K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.5M 14.4K shares

Options Activity

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

Call Positions: 24
Call Value: $170.8M
Put Positions: 21
Put Value: $122.2M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$48.7M 4.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$29.7M 2.5K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$25.4M 2.1K contracts
Walleye Trading LLC RIA/Wealth	$12.6M 1.1K contracts
J JANE STREET GROUP, LLC Institution	$8.6M 728.0 contracts
P PEAK6 LLC Institution	$8.5M 718.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$8.2M 693.0 contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$6.1M 5.2 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$4.5M 381.0 contracts
Q Qube Research & Technologies Ltd Institution	$4.1M 344.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$23.3M 2.0K contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$22.9M 19.3 contracts
Walleye Trading LLC RIA/Wealth	$13.3M 1.1K contracts
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$12.1M 1.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$11.5M 973.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$7.1M 600.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$5.4M 452.0 contracts
J JANE STREET GROUP, LLC Institution	$4.8M 403.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$3.7M 310.0 contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$3.2M 267.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
LYRICAL ASSET MANAGEMENT LP Private Equity	Andrew Brian Wellington CIO	4.62% $327.6M	1.39% 2.8M shares	Q3 2025 Held for 2 months	$7.1B
KEN ROBERTS INVESTMENT MANAGEMENT INC RIA/Wealth	Bryn Douglas Harman CEO	3.31% $5.1M	0.02% 43.1K shares	Q2 2020 Held for 5y 5m	$154.4M
SEIZERT CAPITAL PARTNERS, LLC Long Only Manager	David J Collon Managing Partner	2.61% $60.2M	0.25% 508.2K shares	Q1 2019 Held for 6y 8m	$2.3B
Beutel, Goodman & Co Ltd. Long Only Manager	Jackie Corneil Managing Partner	2.51% $415.9M	1.76% 3.5M shares	Q3 2021 Held for 4y 2m	$16.6B
Sovereign's Capital Management, LLC Private Equity	Thomsen Paul Jacob Managing Partner	2.21% $4.1M	0.02% 34.4K shares	Q4 2024 Held for 11 months	$184.3M
TrimTabs Asset Management, LLC Long Only Manager	Jay J Jackson President	2.14% $16.1M	0.07% 136.1K shares	Q1 2024 Held for 1y 8m	$752.3M
A AIMZ Investment Advisors, LLC RIA/Wealth	Jonathan Gideon Riley Managing Partner	2.10% $6.7M	0.03% 56.4K shares	Q4 2014 Held for 10y 11m	$318.7M
ClearAlpha Technologies LP Hedge Fund•Multi-Strategy	Brian Keith Hurst CEO	2.05% $755.9K	0.00% 6.4K shares	Q3 2025 Held for 2 months	$36.9M
U UNICOM Systems, Inc. RIA/Wealth	Paul Thurman Scoggins Managing Partner	1.88% $18.2M	0.08% 153.5K shares	Q1 2025 Held for 8 months	$964.8M
SKBA CAPITAL MANAGEMENT LLC Long Only Manager	Andrew Walter Bischel CEO	1.82% $13.2M	0.06% 111.1K shares	Q2 2019 Held for 6y 5m	$723.3M

Hedge Fund Spotlight

Discover hedge funds investing in NTAP

STEVENS CAPITAL MANAGEMENT LP

Hedge Fund • Multi-Strategy

Portfolio ManagerMatthew Tewksbury

Portfolio Value: $702.9M
Positions: 237
Last Reported: Q3 2025

Sector Allocation

Position in NetApp

Market Value: $1.5M
Shares Held: 12.3K
Portfolio Weight: 0.21%
Owned Since: 2022-Q1

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$56.5M	8.03%
2 Robinhood Markets, Inc. HOOD	Software - Infrastructure Technology	$41.2M	5.86%
3 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$28.0M	3.99%