Radware

RDWR • NASDAQ

Radware is a software - infrastructure company in the technology sector on NASDAQ, led by Roy Zisapel, with a market cap of $1.0B. As of Q3 2025, 74% of shares are held by 128 institutional investors, with RIMA SENVEST MANAGEMENT, L.L.C. as the largest holder at 9.48%.

CEORoy Zisapel

Market Cap$1.0B

Software - Infrastructure

Technology

Employees1.2K

Websiteradware.com

Overview

Overview of institutional ownership in RDWR as of Q3 2025 with a market cap of $1.1B

All Institutions

Institutions: 128
Value Held: $841.6M
Shares Held: 31.8M
Avg Position: $6.6M
Median Position: $638.9K

Hedge Funds

Hedge Funds: 21
Value Held: $211.7M
Shares Held: 8.0M
Avg Position: $10.1M
Median Position: $923.3K

Ownership Breakdown

Institutional (non-HF)

55.7%

$629.8M

Hedge Funds

18.73%

$211.7M

Retail & Other

25.57%

$289.2M

Based on market cap of $1.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in RDWR as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
RIMA SENVEST MANAGEMENT, L.L.C. Hedge Fund•Multi-Strategy	Richard Ron Mashaal Founder	$107.2M 3.44% of portfolio	9.48% 4.0M shares	≤ Q2 2013 Held for 12y 5m+	$3.1B
Artisan Partners Limited Partnership Long Only Manager	Eric Richard Colson CEO	$82.9M 0.12% of portfolio	7.33% 3.1M shares	Q1 2019 Held for 6y 8m	$69.5B
Penserra Capital Management LLC ETF Provider	George Nmn Madrigal CEO	$67.4M 0.92% of portfolio	5.96% 2.5M shares	Q2 2025 Held for 5 months	$7.4B
L LEGAL & GENERAL GROUP PLC Institution	-	$64.5M 0.01% of portfolio	5.71% 2.4M shares	Q4 2016 Held for 8y 11m	$445.97B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$53.8M 0.00% of portfolio	4.76% 2.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$46.8M 0.06% of portfolio	4.14% 1.8M shares	Q3 2014 Held for 11y 2m	$75.8B
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	Gillian Morna Therese Savage CEO	$44.3M 0.09% of portfolio	3.92% 1.7M shares	Q1 2018 Held for 7y 8m	$51.5B
B BlackRock, Inc. Institution	-	$41.1M 0.00% of portfolio	3.63% 1.6M shares	Q4 2015 Held for 9y 11m	$5.67T
M MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Institution	-	$40.8M 0.07% of portfolio	3.61% 1.5M shares	Q2 2024 Held for 1y 5m	$61.8B
FIRST TRUST ADVISORS LP ETF Provider	James Allen Bowen CEO	$32.1M 0.02% of portfolio	2.84% 1.2M shares	Q3 2015 Held for 10y 2m	$134.11B

Net Capital Flow

Institutional buying and selling activity for RDWR in Q3 2025

Traded: −$9.2M
Buyers: 59
Sellers: 48
Total Bought: +$47.4M
Total Sold: −$56.6M
Avg Position: $6.1M

Biggest Buyers

Institution	Net Bought	Current Position
Artisan Partners Limited Partnership Long Only Manager	+$11.4M +431.6K shares	$82.9M 3.1M shares
M Man Group plc Institution	+$4.3M +161.2K shares	$11.4M 432.1K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$3.9M +145.5K shares	$46.8M 1.8M shares
N Nuveen, LLC Institution	+$3.4M +129.4K shares	$9.4M 356.5K shares
Q Qube Research & Technologies Ltd Institution	+$3.3M +123.9K shares	$6.7M 253.0K shares
BANK OF AMERICA CORP /DE/ Institution	+$2.0M +76.1K shares	$6.9M 259.4K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$1.8M +67.9K shares	$7.8M 295.4K shares
Marshall Wace LLP Institution	+$1.7M +62.8K shares	$3.4M 128.2K shares
N NEW YORK STATE COMMON RETIREMENT FUND Institution	+$1.6M +58.7K shares	$7.3M 274.4K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$1.5M +57.0K shares	$3.3M 125.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
L LEGAL & GENERAL GROUP PLC Institution	−$10.5M −395.6K shares	$64.5M 2.4M shares
Penserra Capital Management LLC ETF Provider	−$9.0M −341.6K shares	$67.4M 2.5M shares
MORGAN STANLEY RIA/Wealth	−$5.8M −217.9K shares	$53.8M 2.0M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$3.4M −115.2K shares	Sold Off 0 shares
P Phoenix Holdings Ltd. Institution	−$3.2M −109.8K shares	Sold Off 0 shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$3.1M −118.0K shares	$8.9M 336.7K shares
R RICE HALL JAMES & ASSOCIATES, LLC Long Only Manager	−$2.9M −109.0K shares	$17.1M 645.1K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	−$2.7M −103.6K shares	$17.6M 662.6K shares
S SG Americas Securities, LLC Institution	−$2.7M −93.1K shares	Sold Off 0 shares
D D. E. Shaw & Co., Inc. Institution	−$2.3M −86.5K shares	$1.2M 44.4K shares

Entry and Exit Activity

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

New Positions: 6
New Value: $578.1K
Exited Positions: 10
Exited Value: $11.0M

New Positions

Institution	Position Value
FourThought Financial Partners, LLC RIA/Wealth	$318.9K 12.0K shares
KESTRA PRIVATE WEALTH SERVICES, LLC RIA/Wealth	$237.5K 9.0K shares
Point72 Europe LLP Digital Asset Manager	$15.9K 600.0 shares
HARBOUR INVESTMENTS, INC. RIA/Wealth	$2.8K 105.0 shares
H HighMark Wealth Management LLC RIA/Wealth	$2.2K 84.0 shares
Q Quarry LP Institution	$874.0 33.0 shares

Exited Positions

Institution	Previous Position
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$3.4M 115.2K shares
P Phoenix Holdings Ltd. Institution	$3.2M 109.8K shares
S SG Americas Securities, LLC Institution	$2.7M 93.1K shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	$476.5K 16.2K shares
Cresset Asset Management, LLC RIA/Wealth	$463.9K 15.8K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$436.3K 14.8K shares
P Petrus Trust Company, LTA Institution	$214.5K 7.3K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$18.7K 634.0 shares
Point72 Ltd RIA/Wealth	$9.6K 325.0 shares
Larson Financial Group LLC RIA/Wealth	$29.0 1.0 shares

Options Activity

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

Call Positions: 4
Call Value: $389.4K
Put Positions: 4
Put Value: $1.7M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$257.0K 97.0 contracts
Walleye Trading LLC RIA/Wealth	$132.5K 50.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts
P PEAK6 LLC Institution	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$850.3K 321.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$360.3K 136.0 contracts
J JANE STREET GROUP, LLC Institution	$333.8K 126.0 contracts
Walleye Trading LLC RIA/Wealth	$180.1K 68.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
RIMA SENVEST MANAGEMENT, L.L.C. Hedge Fund•Multi-Strategy	Richard Ron Mashaal Founder	3.44% $107.2M	9.48% 4.0M shares	≤ Q2 2013 Held for 12y 5m+	$3.1B
H Herald Investment Management Ltd Institution	-	2.40% $17.9M	1.58% 675.0K shares	Q3 2015 Held for 10y 2m	$745.8M
C COOPER CREEK PARTNERS MANAGEMENT LLC Hedge Fund•Long/Short	Robert (Nmn) Schwartz CEO	0.96% $25.3M	2.24% 956.8K shares	Q3 2024 Held for 1y 2m	$2.6B
R RICE HALL JAMES & ASSOCIATES, LLC Long Only Manager	Thomas W Mcdowell Chairman	0.93% $17.1M	1.51% 645.1K shares	Q1 2019 Held for 6y 8m	$1.8B
Penserra Capital Management LLC ETF Provider	George Nmn Madrigal CEO	0.92% $67.4M	5.96% 2.5M shares	Q2 2025 Held for 5 months	$7.4B
Semanteon Capital Management, LP Hedge Fund•Long/Short	Rajat Lal Managing Partner	0.71% $562.3K	0.05% 21.2K shares	Q2 2024 Held for 1y 5m	$79.7M
Y Yelin Lapidot Holdings Management Ltd. Institution	-	0.64% $3.1M	0.27% 115.2K shares	Q3 2023 Held for 2y 2m	$476.2M
OBERWEIS ASSET MANAGEMENT INC/ Long Only Manager	James Walter Oberweis President	0.28% $7.3M	0.64% 274.7K shares	Q3 2024 Held for 1y 2m	$2.6B
Artisan Partners Limited Partnership Long Only Manager	Eric Richard Colson CEO	0.12% $82.9M	7.33% 3.1M shares	Q1 2019 Held for 6y 8m	$69.5B
R Squared Ltd Private Equity	-	0.10% $241.6K	0.02% 9.1K shares	Q4 2024 Held for 11 months	$232.5M

Hedge Fund Spotlight

Discover hedge funds investing in RDWR

PDT Partners, LLC

Hedge Fund • Quant

Portfolio ManagerPeter (Nmn) Muller

Portfolio Value: $1.6B
Positions: 569
Last Reported: Q3 2025

Sector Allocation

Position in Radware

Market Value: $1.5M
Shares Held: 54.9K
Portfolio Weight: 0.09%
Owned Since: 2024-Q1

Top Holding	Sector	Market Value	Weight
1 Logitech International LOGI	Computer Hardware Technology	$27.9M	1.77%
2 CME Group CME	Financial - Data & Stock Exchanges Financial Services	$16.8M	1.06%
3 Suncor Energy SU	Oil & Gas Integrated Energy	$14.7M	0.93%