Perion Network

PERI • NASDAQ

Perion Network is a internet content & information company in the communication services sector on NASDAQ, led by Tal Jacobson, with a market cap of $406.1M. As of Q3 2025, 52% of shares are held by 107 institutional investors, with Private Capital Management, LLC as the largest holder at 8.33%.

CEOTal Jacobson

Market Cap$406.1M

Internet Content & Information

Communication Services

Employees561.0

Websiteperion.com

Overview

Overview of institutional ownership in PERI as of Q3 2025 with a market cap of $432.4M

All Institutions

Institutions: 107
Value Held: $223.1M
Shares Held: 23.2M
Avg Position: $2.1M
Median Position: $355.4K

Hedge Funds

Hedge Funds: 19
Value Held: $24.1M
Shares Held: 2.5M
Avg Position: $1.3M
Median Position: $373.6K

Ownership Breakdown

Institutional (non-HF)

46.02%

$199.0M

Hedge Funds

5.58%

$24.1M

Retail & Other

48.4%

$209.2M

Based on market cap of $432.4M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in PERI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Private Capital Management, LLC RIA/Wealth	Gregg Joseph Powers CEO	$36.0M 3.65% of portfolio	8.33% 3.8M shares	Q4 2019 Held for 5y 11m	$986.6M
H Harel Insurance Investments & Financial Services Ltd. Institution	-	$33.4M 0.34% of portfolio	7.72% 3.5M shares	Q4 2021 Held for 3y 11m	$9.8B
P Phoenix Holdings Ltd. Institution	-	$18.8M 0.23% of portfolio	4.36% 2.0M shares	Q2 2020 Held for 5y 5m	$8.3B
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	Gillian Morna Therese Savage CEO	$17.5M 0.03% of portfolio	4.04% 1.8M shares	Q3 2021 Held for 4y 2m	$51.5B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$16.6M 0.00% of portfolio	3.80% 1.7M shares	Q3 2021 Held for 4y 2m	$6.69T
V Value Base Ltd. Institution	-	$14.9M 10.55% of portfolio	3.44% 1.6M shares	Q1 2025 Held for 8 months	$141.2M
M Migdal Insurance & Financial Holdings Ltd. Institution	-	$14.5M 0.18% of portfolio	3.36% 1.5M shares	Q4 2021 Held for 3y 11m	$7.9B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$13.4M 0.02% of portfolio	3.10% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$75.8B
SYSTEMATIC FINANCIAL MANAGEMENT LP Long Only Manager	Kenneth Burgess CIO	$8.1M 0.20% of portfolio	1.86% 839.8K shares	Q2 2022 Held for 3y 5m	$4.1B
C CastleKnight Management LP Hedge Fund•Event Driven	Aaron Michael Weitman CIO	$4.0M 0.22% of portfolio	0.93% 421.0K shares	Q3 2023 Held for 2y 2m	$1.9B

Net Capital Flow

Institutional buying and selling activity for PERI in Q3 2025

Traded: −$3.3M
Buyers: 54
Sellers: 41
Total Bought: +$24.5M
Total Sold: −$27.8M
Avg Position: $1.9M

Biggest Buyers

Institution	Net Bought	Current Position
Private Capital Management, LLC RIA/Wealth	+$5.2M +538.4K shares	$36.0M 3.8M shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$4.7M +493.3K shares	$17.5M 1.8M shares
P Phoenix Holdings Ltd. Institution	+$4.3M +450.0K shares	$18.8M 2.0M shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$1.1M +115.6K shares	$13.4M 1.4M shares
SYSTEMATIC FINANCIAL MANAGEMENT LP Long Only Manager	+$1.1M +114.7K shares	$8.1M 839.8K shares
C CastleKnight Management LP Hedge Fund•Event Driven	+$1.0M +105.3K shares	$4.0M 421.0K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$837.2K +87.2K shares	$837.2K 87.2K shares
M Murchinson Ltd. Institution	+$684.4K +71.3K shares	$684.4K 71.3K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$433.4K +45.1K shares	$433.4K 45.1K shares
R RAFFLES ASSOCIATES LP Hedge Fund•Value	+$384.0K +40.0K shares	$384.0K 40.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
V Value Base Ltd. Institution	−$6.8M −707.3K shares	$14.9M 1.6M shares
J JANE STREET GROUP, LLC Institution	−$6.2M −650.3K shares	$2.4M 247.5K shares
MEITAV DASH INVESTMENTS LTD RIA/Wealth	−$4.4M −454.0K shares	$2.7M 279.8K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	−$2.0M −211.4K shares	$546.9K 57.0K shares
S Sphera Management Technology Funds Ltd Institution	−$1.2M −120.0K shares	$768.0K 80.0K shares
UBS Group AG Institution	−$1.1M −118.2K shares	$931.7K 97.1K shares
D D. E. Shaw & Co., Inc. Institution	−$889.4K −92.7K shares	$778.2K 81.1K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$801.5K −83.5K shares	$370.8K 38.6K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$500.3K −52.1K shares	$353.8K 36.9K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$427.5K −42.1K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 5
New Value: $741.9K
Exited Positions: 10
Exited Value: $1.6M

New Positions

Institution	Position Value
R RAFFLES ASSOCIATES LP Hedge Fund•Value	$384.0K 40.0K shares
W Winton Capital Group Ltd Institution	$355.4K 37.0K shares
C Cedar Mountain Advisors, LLC RIA/Wealth	$1.9K 200.0 shares
E EverSource Wealth Advisors, LLC RIA/Wealth	$413.0 43.0 shares
Q Quarry LP Institution	$202.0 21.0 shares

Exited Positions

Institution	Previous Position
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$427.5K 42.1K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$370.2K 36.4K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	$264.8K 26.1K shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	$143.7K 14.2K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$121.8K 12.0K shares
R Squared Ltd Private Equity	$116.4K 11.5K shares
CITIGROUP INC Institution	$103.7K 10.2K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$16.7K 1.6K shares
Caitong International Asset Management Co., Ltd RIA/Wealth	$10.1K 996.0 shares
S S.A.C. Capital Advisors Ltd. Institution	$2.0K 200.0 shares

Options Activity

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

Call Positions: 5
Call Value: $2.7M
Put Positions: 8
Put Value: $8.3M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.4M 1.4K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.0M 1.1K contracts
W WOLVERINE TRADING, LLC Institution	$125.7K 130.0 contracts
J JANE STREET GROUP, LLC Institution	$98.9K 103.0 contracts
Walleye Trading LLC RIA/Wealth	$98.9K 103.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.2M 3.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.1M 2.2K contracts
J JANE STREET GROUP, LLC Institution	$1.4M 1.4K contracts
D D. E. Shaw & Co., Inc. Institution	$717.1K 747.0 contracts
W WOLVERINE TRADING, LLC Institution	$308.5K 319.0 contracts
P PEAK6 LLC Institution	$277.4K 289.0 contracts
Walleye Trading LLC RIA/Wealth	$237.1K 247.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$16.3K 17.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
V Value Base Ltd. Institution	-	10.55% $14.9M	3.44% 1.6M shares	Q1 2025 Held for 8 months	$141.2M
Private Capital Management, LLC RIA/Wealth	Gregg Joseph Powers CEO	3.65% $36.0M	8.33% 3.8M shares	Q4 2019 Held for 5y 11m	$986.6M
PERKINS CAPITAL MANAGEMENT INC RIA/Wealth	Harry Allen Lee Lindberg President	1.04% $1.2M	0.27% 123.0K shares	Q1 2021 Held for 4y 8m	$113.5M
Worth Venture Partners, LLC Fund of Funds	David Alexander Wertentheil CEO	0.74% $150.9K	0.03% 15.7K shares	Q2 2025 Held for 5 months	$20.3M
S Sphera Management Technology Funds Ltd Institution	-	0.43% $768.0K	0.18% 80.0K shares	Q4 2024 Held for 11 months	$177.7M
Kerrisdale Advisers, LLC Hedge Fund•Long/Short	Sahm Adrangi CIO	0.38% $725.4K	0.17% 75.6K shares	Q2 2024 Held for 1y 5m	$192.9M
R RAFFLES ASSOCIATES LP Hedge Fund•Value	Paul H. O'Leary Managing Partner	0.37% $384.0K	0.09% 40.0K shares	Q3 2025 Held for 2 months	$103.8M
H Harel Insurance Investments & Financial Services Ltd. Institution	-	0.34% $33.4M	7.72% 3.5M shares	Q4 2021 Held for 3y 11m	$9.8B
STABLEFORD CAPITAL II LLC RIA/Wealth	Mark Rehn CFO	0.27% $758.0K	0.18% 79.0K shares	Q2 2025 Held for 5 months	$276.7M
PERRITT CAPITAL MANAGEMENT INC Long Only Manager	Mark J Buh President	0.25% $535.7K	0.12% 55.8K shares	Q4 2024 Held for 11 months	$211.0M

Hedge Fund Spotlight

Discover hedge funds investing in PERI

Centiva Capital, LP

Hedge Fund • Multi-Strategy

Portfolio ManagerTimothy Michael Higgins

Portfolio Value: $1.1B
Positions: 556
Last Reported: Q3 2025

Sector Allocation

Position in Perion Network

Market Value: $115.0K
Shares Held: 12.0K
Portfolio Weight: 0.01%
Owned Since: 2023-Q1

Top Holding	Sector	Market Value	Weight
1 iShares Russell 2000 IWM	ETF ETF	$35.8M	3.34%
2 Kellanova K	Packaged Foods Consumer Defensive	$34.7M	3.24%
3 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$30.0M	2.80%