Varex Imaging Corporation

VREX • NASDAQ

Varex Imaging Corporation is a medical - devices company in the healthcare sector on NASDAQ, led by Sunny S. Sanyal, with a market cap of $488.2M. As of Q3 2025, 94% of shares are held by 169 institutional investors, with PZENA INVESTMENT MANAGEMENT LLC as the largest holder at 10.18%.

President and Chief Executive OfficerSunny S. Sanyal

Market Cap$488.2M

Medical - Devices

Healthcare

Employees2.3K

Websitevareximaging.com

Country

United States of America

Overview

Overview of institutional ownership in VREX as of Q3 2025 with a market cap of $514.9M

All Institutions

Institutions: 169
Value Held: $482.1M
Shares Held: 38.9M
Avg Position: $2.9M
Median Position: $281.9K

Hedge Funds

Hedge Funds: 28
Value Held: $59.4M
Shares Held: 4.8M
Avg Position: $2.1M
Median Position: $960.1K

Ownership Breakdown

Institutional (non-HF)

82.1%

$422.7M

Hedge Funds

11.54%

$59.4M

Retail & Other

6.36%

$32.7M

Based on market cap of $514.9M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in VREX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
PZENA INVESTMENT MANAGEMENT LLC Long Only Manager	Chenyu Caroline Cai CEO	$52.4M 0.17% of portfolio	10.18% 4.2M shares	Q4 2018 Held for 6y 11m	$30.9B
B BlackRock, Inc. Institution	-	$49.8M 0.00% of portfolio	9.68% 4.0M shares	Q1 2017 Held for 8y 8m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$37.1M 0.00% of portfolio	7.20% 3.0M shares	Q1 2017 Held for 8y 8m	$6.69T
Allspring Global Investments Holdings, LLC Long Only Manager	Francis Jon Baranko President	$32.8M 0.05% of portfolio	6.46% 2.7M shares	Q4 2021 Held for 3y 11m	$61.5B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$24.7M 0.01% of portfolio	4.80% 2.0M shares	Q1 2017 Held for 8y 8m	$466.32B
COOKE & BIELER LP Long Only Manager	Edward W O'Connor Partner	$19.8M 0.20% of portfolio	3.85% 1.6M shares	Q3 2017 Held for 8y 2m	$9.7B
N Neuberger Berman Group LLC Institution	-	$18.8M 0.01% of portfolio	3.66% 1.5M shares	Q1 2017 Held for 8y 8m	$136.94B
FRONTIER CAPITAL MANAGEMENT CO LLC Long Only Manager	William Allen Teichner Managing Partner	$16.3M 0.15% of portfolio	3.17% 1.3M shares	Q3 2020 Held for 5y 2m	$11.1B
D D. E. Shaw & Co., Inc. Institution	-	$13.9M 0.01% of portfolio	2.69% 1.1M shares	Q1 2017 Held for 8y 8m	$115.81B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$12.8M 0.00% of portfolio	2.48% 1.0M shares	Q1 2017 Held for 8y 8m	$2.88T

Net Capital Flow

Institutional buying and selling activity for VREX in Q3 2025

Traded: +$17.6M
Buyers: 92
Sellers: 75
Total Bought: +$56.5M
Total Sold: −$39.0M
Avg Position: $2.5M

Biggest Buyers

Institution	Net Bought	Current Position
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$6.4M +519.8K shares	$9.6M 772.4K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$6.2M +497.7K shares	$11.3M 913.2K shares
DEERFIELD MANAGEMENT CO /NY Hedge Fund•Long/Short	+$3.5M +285.2K shares	$3.5M 285.2K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	+$3.4M +273.8K shares	$4.7M 376.1K shares
JPMORGAN CHASE & CO Institution	+$2.8M +225.2K shares	$3.5M 284.2K shares
A Assenagon Asset Management S.A. Institution	+$2.3M +185.0K shares	$3.7M 296.1K shares
D D. E. Shaw & Co., Inc. Institution	+$2.2M +181.1K shares	$13.9M 1.1M shares
Marshall Wace LLP Institution	+$2.2M +180.9K shares	$2.2M 180.9K shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$2.1M +172.3K shares	$9.2M 741.2K shares
R RICE HALL JAMES & ASSOCIATES, LLC Long Only Manager	+$1.9M +156.3K shares	$11.3M 909.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
COOKE & BIELER LP Long Only Manager	−$6.7M −539.4K shares	$19.8M 1.6M shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	−$4.8M −558.0K shares	Sold Off 0 shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$4.1M −329.4K shares	$3.0M 242.6K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$1.8M −213.0K shares	Sold Off 0 shares
Q Qube Research & Technologies Ltd Institution	−$1.8M −147.6K shares	$2.1M 170.5K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$1.7M −135.4K shares	$24.7M 2.0M shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	−$1.6M −130.5K shares	$225.8K 18.2K shares
Allspring Global Investments Holdings, LLC Long Only Manager	−$1.3M −107.3K shares	$32.8M 2.7M shares
J Jump Financial, LLC Institution	−$1.3M −151.0K shares	Sold Off 0 shares
H HRT FINANCIAL LLC Institution	−$1.2M −134.0K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 8
New Value: $1.8M
Exited Positions: 22
Exited Value: $12.5M

New Positions

Institution	Position Value
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	$489.6K 39.5K shares
BAILARD, INC. RIA/Wealth	$478.6K 38.6K shares
Goss Wealth Management LLC RIA/Wealth	$240.0K 19.4K shares
FourThought Financial Partners, LLC RIA/Wealth	$215.3K 17.4K shares
Glenmede Investment Management, LP Long Only Manager	$153.2K 12.4K shares
Significant Wealth Partners LLC RIA/Wealth	$126.7K 10.2K shares
Legato Capital Management LLC Fund of Funds	$125.0K 10.1K shares
O Optiver Holding B.V. Institution	$3.9K 318.0 shares

Exited Positions

Institution	Previous Position
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$4.8M 558.0K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$1.8M 213.0K shares
J Jump Financial, LLC Institution	$1.3M 151.0K shares
H HRT FINANCIAL LLC Institution	$1.2M 134.0K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	$975.1K 112.5K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$636.4K 73.4K shares
G GROUP ONE TRADING, L.P. Institution	$420.1K 48.5K shares
X XTX Topco Ltd Institution	$340.4K 39.3K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$328.2K 37.9K shares
A Amundi Institution	$191.0K 21.9K shares

Options Activity

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

Call Positions: 3
Call Value: $384.4K
Put Positions: 4
Put Value: $12.4K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$212.0K 171.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$164.9K 133.0 contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$7.4K 6.0 contracts

Put Positions

Institution	Position Value
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$12.4K 10.0 contracts
W WOLVERINE TRADING, LLC Institution	- - contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts
DLD Asset Management, LP Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
SummerHaven Investment Management, LLC Long Only Manager	Kurt Jonathon Nelson CEO	0.72% $1.2M	0.24% 99.4K shares	Q3 2025 Held for 2 months	$170.9M
J JB CAPITAL PARTNERS LP Hedge Fund•Value	Alan Wayne Weber CCO	0.67% $3.9M	0.76% 314.0K shares	Q4 2024 Held for 11 months	$584.1M
R RICE HALL JAMES & ASSOCIATES, LLC Long Only Manager	Thomas W Mcdowell Chairman	0.61% $11.3M	2.19% 909.3K shares	Q3 2024 Held for 1y 2m	$1.8B
C Corton Capital Inc. Institution	-	0.57% $229.2K	0.04% 18.5K shares	Q3 2025 Held for 2 months	$40.6M
P PharVision Advisers, LLC Hedge Fund•Long/Short	Blagovest Dimitrov Baychev CEO	0.23% $398.6K	0.08% 32.1K shares	Q1 2025 Held for 8 months	$176.9M
COOKE & BIELER LP Long Only Manager	Edward W O'Connor Partner	0.20% $19.8M	3.85% 1.6M shares	Q3 2017 Held for 8y 2m	$9.7B
Numerai GP LLC Hedge Fund•Quant	Richard Malone Craib CEO	0.17% $1.2M	0.24% 99.7K shares	Q2 2025 Held for 5 months	$707.9M
PZENA INVESTMENT MANAGEMENT LLC Long Only Manager	Chenyu Caroline Cai CEO	0.17% $52.4M	10.18% 4.2M shares	Q4 2018 Held for 6y 11m	$30.9B
FRONTIER CAPITAL MANAGEMENT CO LLC Long Only Manager	William Allen Teichner Managing Partner	0.15% $16.3M	3.17% 1.3M shares	Q3 2020 Held for 5y 2m	$11.1B
GLOBEFLEX CAPITAL L P Long Only Manager	Marina Loretta Marrelli CEO	0.13% $827.2K	0.16% 66.7K shares	Q1 2021 Held for 4y 8m	$644.8M

Hedge Fund Spotlight

Discover hedge funds investing in VREX

ALGERT COLDIRON INVESTORS LLC

Hedge Fund • Quant

Portfolio ManagerRyan Zentner Lafond

Portfolio Value: $6.0B
Positions: 1,110
Last Reported: Q3 2025

Sector Allocation

Position in Varex Imaging Corporation

Market Value: $2.8M
Shares Held: 222.6K
Portfolio Weight: 0.05%
Owned Since: 2024-Q3

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