Varonis Systems
VRNS
322 hedge funds and large institutions have $4.73B invested in Varonis Systems in 2025 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 132 increasing their positions, 109 reducing their positions, and 65 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
193% more call options, than puts
Call options by funds: $83M | Put options by funds: $28.3M
21% more repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 109
0.47% more ownership
Funds ownership: 103.38% → 103.85% (+0.47%)
8% less capital invested
Capital invested by funds: $5.17B → $4.73B (-$437M)
9% less funds holding
Funds holding: 354 → 322 (-32)
43% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 65
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$59.1M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
+$49.6M |
| 3 |
Two Sigma Advisers
New York
|
+$38.4M |
| 4 |
Goldman Sachs
New York
|
+$36.5M |
| 5 |
RC
RGM Capital
Naples,
Florida
|
+$36.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$75.5M |
| 2 |
William Blair Investment Management
Chicago,
Illinois
|
-$59.9M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$48.2M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$47.4M |
| 5 |
PCH
Polar Capital Holdings
London,
United Kingdom
|
-$44.6M |
VRNS Hedge Fund Activity: Q1 2025 in Review
322 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in Varonis Systems (VRNS) for Q1 2025, worth a combined $4.73B — down 8.5% from $5.17B a quarter earlier.
Sellers outnumbered buyers: 65 funds closed out of VRNS and 37 opened new positions — a net loss of 28 holders — while 109 trimmed existing stakes and 132 added.
The largest buyer was UBS Group, adding an estimated $59.1M. The largest seller was Thrivent Financial for Lutherans, cutting an estimated $75.5M.
- 322 institutional investors held Varonis Systems (VRNS) as of Q1 2025, down from 354 in Q4 2024.
- Funds reported $4.73B of Varonis Systems stock for Q1 2025, down 8.5% quarter-over-quarter.
- 37 funds opened new Varonis Systems positions in Q1 2025 and 65 closed out, a net change of -28 holders.
- The largest Varonis Systems buyer in Q1 2025 was UBS Group, an estimated $59.1M added.
- The largest Varonis Systems seller in Q1 2025 was Thrivent Financial for Lutherans, an estimated $75.5M sold.
Based on aggregated 13F filings for Q1 2025.