TRCT
SPNS

Tower Research Capital (TRC)’s Sapiens International SPNS Stock Holding History

Tower Research Capital (TRC)’s Portfolio SPNS Stock Details SPNS Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q4 		– Sell
-2,676
Closed -$115K – 5568
2025
Q3 		$115K Sell
2,676
-1,299
-33% -$47.2K ﹤0.01% 1885
2025
Q2 		$116K Buy
3,975
+3,058
+333% +$85.2K ﹤0.01% 2255
2025
Q1 		$24.8K Buy
917
+45
+5% +$1.21K ﹤0.01% 2771
2024
Q4 		$23.4K Buy
872
+694
+390% +$22.2K ﹤0.01% 3067
2024
Q3 		$6.63K Sell
178
-4,643
-96% -$169K ﹤0.01% 4123
2024
Q2 		$164K Buy
4,821
+4,690
+3,580% +$153K ﹤0.01% 2225
2024
Q1 		$4.21K Sell
131
-7,408
-98% -$215K ﹤0.01% 4712
2023
Q4 		$218K Buy
7,539
+6,828
+960% +$182K ﹤0.01% 2032
2023
Q3 		$20.2K Sell
711
-403
-36% -$11.5K ﹤0.01% 3364
2023
Q2 		$29.6K Buy
1,114
+324
+41% +$7.64K ﹤0.01% 3033
2023
Q1 		$17K Sell
790
-3,112
-80% -$65.8K ﹤0.01% 3650
2022
Q4 		$72K Sell
3,902
-2,606
-40% -$49K ﹤0.01% 2088
2022
Q3 		$124K Buy
6,508
+5,213
+403% +$118K ﹤0.01% 2381
2022
Q2 		$31K Buy
1,295
+641
+98% +$15.5K ﹤0.01% 3351
2022
Q1 		$17K Sell
654
-94
-13% -$2.74K ﹤0.01% 3705
2021
Q4 		$26K Sell
748
-569
-43% -$19.6K ﹤0.01% 3398
2021
Q3 		$38K Buy
1,317
+34
+3% +$930 ﹤0.01% 3183
2021
Q2 		$34K Sell
1,283
-283
-18% -$8.36K ﹤0.01% 3359
2021
Q1 		$50K Sell
1,566
-650
-29% -$21.1K ﹤0.01% 3127
2020
Q4 		$68K Sell
2,216
-17,224
-89% -$505K ﹤0.01% 2765
2020
Q3 		$594K Buy
19,440
+11,023
+131% +$338K 0.01% 1489
2020
Q2 		$236K Buy
8,417
+7,650
+997% +$187K 0.01% 1650
2020
Q1 		$15K Sell
767
-77
-9% -$1.75K ﹤0.01% 1849
2019
Q4 		$19K Buy
+844
New +$18.3K ﹤0.01% 1963
2019
Q3 		– Sell
-627
Closed -$10K – 4489
2019
Q2 		$10K Buy
627
+304
+94% +$4.72K ﹤0.01% 2577
2019
Q1 		$5K Buy
+323
New +$4.25K ﹤0.01% 3097
2018
Q1 		– Sell
-11,569
Closed -$134K – 3784
2017
Q4 		$134K Buy
11,569
+2,814
+32% +$35.9K 0.02% 740
2017
Q3 		$115K Buy
8,755
+5,676
+184% +$66.4K 0.01% 1223
2017
Q2 		$34K Buy
+3,079
New +$38.4K ﹤0.01% 949
2016
Q3 		– Sell
-167
Closed -$2K – 4385
2016
Q2 		$2K Buy
+167
New +$2.01K ﹤0.01% 3962
2016
Q1 		– Sell
-678
Closed -$7K – 4871
2015
Q4 		$7K Buy
+678
New +$7.36K ﹤0.01% 2610
2015
Q3 		– Sell
-1,873
Closed -$19K – 4704
2015
Q2 		$19K Buy
+1,873
New +$17K ﹤0.01% 2141
2015
Q1 		– Sell
-100
Closed -$1K – 4893
2014
Q4 		$1K Sell
100
-5,897
-98% -$44.1K ﹤0.01% 3714
2014
Q3 		$44K Buy
+5,997
New +$46.7K ﹤0.01% 1643
2014
Q2 		– Sell
-1,224
Closed -$10K – 4604
2014
Q1 		$10K Buy
1,224
+1,204
+6,020% +$9.12K ﹤0.01% 2620
2013
Q4 		$0 Sell
20
-845
-98% -$5.77K ﹤0.01% 4897
2013
Q3 		$5K Sell
865
-35
-4% -$205 ﹤0.01% 3670
2013
Q2 		$5K Buy
+900
New +$4.94K ﹤0.01% 2958

Other funds holding SPNS

OBAM
ODDO BHF Asset Management Paris, France $2.54B AUM 41.83% 1-Year Est. Return
KC
Kryger Capital London, United Kingdom $1.41B AUM 86.31% 1-Year Est. Return
N
Nuveen Charlotte, North Carolina $369B AUM 31.66% 1-Year Est. Return
XT
XTX Topco George Town, Cayman Islands $5.75B AUM 30.56% 1-Year Est. Return
Mercer Global Advisors
Mercer Global Advisors Denver, Colorado $67.6B AUM 18.3% 1-Year Est. Return
CIC
Crawford Investment Counsel Atlanta, Georgia $5.85B AUM 12.61% 1-Year Est. Return
BIG
Brooklyn Investment Group Brooklyn, New York $3.2B AUM 26.32% 1-Year Est. Return
Russell Investments Group
Russell Investments Group London, United Kingdom $93.1B AUM 28.26% 1-Year Est. Return
GI
GAMMA Investing Foster City, California $2.69B AUM 42.78% 1-Year Est. Return
VCM
Versant Capital Management Phoenix, Arizona $1.12B AUM 34.21% 1-Year Est. Return

Tower Research Capital (TRC)'s SPNS Position: Q4 2025 in Review

Tower Research Capital (TRC) sold out of Sapiens International (SPNS) in Q4 2025, closing a stake of 2,676 shares — an estimated $115K sold.

Tower Research Capital (TRC) first reported a position in SPNS in Q2 2013 and held it in 38 quarters. The position peaked at $594K in Q3 2020. 32 funds tracked by Wall St. Rank hold SPNS as of Q4 2025.

  • Tower Research Capital (TRC) reported no remaining Sapiens International position as of Q4 2025 after selling out during the quarter.
  • Tower Research Capital (TRC) sold 2,676 Sapiens International shares in Q4 2025, an estimated $115K.
  • Tower Research Capital (TRC) first reported a position in Sapiens International in Q2 2013 and held it in 38 quarters.
  • Tower Research Capital (TRC)'s Sapiens International position peaked at $594K in Q3 2020.
  • 32 funds tracked by Wall St. Rank held Sapiens International as of Q4 2025.

Based on Tower Research Capital (TRC)'s 13F filing for Q4 2025, filed 17 Feb 2026.