American Capital Management’s Varonis Systems VRNS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$50M	Buy	2,328,379 +819,340	+54%	+$22.2M	2.68%	13
2025 Q4	$49.5M	Buy	1,509,039 +137,233	+10%	+$5.76M	2.18%	20
2025 Q3	$78.8M	Buy	1,371,806 +191,929	+16%	+$10.6M	3.14%	10
2025 Q2	$59.9M	Sell	1,179,877 -73,124	-6%	-$3.33M	2.48%	17
2025 Q1	$50.7M	Buy	1,253,001 +641,736	+105%	+$27.6M	2.06%	21
2024 Q4	$27.2M	Buy	611,265 +456,083	+294%	+$23.7M	1.01%	36
2024 Q3	$8.77M	Buy	155,182 +30,761	+25%	+$1.62M	0.29%	44
2024 Q2	$5.97M	Buy	124,421 +111,327	+850%	+$4.93M	0.2%	49
2024 Q1	$618K	Buy	13,094 +78	+0.6%	+$3.71K	0.02%	60
2023 Q4	$589K	Buy	13,016 +22	+0.2%	+$828	0.02%	60
2023 Q3	$397K	Hold	12,994	–	–	0.02%	61
2023 Q2	$346K	Buy	12,994 +80	+0.6%	+$2K	0.01%	61
2023 Q1	$336K	Buy	12,914 +1,400	+12%	+$36.5K	0.01%	60
2022 Q4	$276K	Buy	+11,514	New	+$263K	0.01%	60