Varonis Systems
VRNS
321 hedge funds and large institutions have $3.73B invested in Varonis Systems in 2025 Q4 according to their latest regulatory filings, with 67 funds opening new positions, 111 increasing their positions, 107 reducing their positions, and 96 closing their positions.
365% more call options, than puts
Call options by funds: $94.5M | Put options by funds: $20.3M
4% more repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 107
4.93% less ownership
Funds ownership: 101.45% → 96.52% (-4.9%)
11% less funds holding
Funds holding: 360 → 321 (-39)
30% less first-time investments, than exits
New positions opened: 67 | Existing positions closed: 96
43% less capital invested
Capital invested by funds: $6.54B → $3.73B (-$2.8B)
63% less funds holding in top 10
Funds holding in top 10: 8 → 3 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCG
Tremblant Capital Group
West Palm Beach,
Florida
|
+$128M |
| 2 |
BNP Paribas Asset Management
Paris,
France
|
+$115M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$61.8M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$53.7M |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
+$47.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$144M |
| 2 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$110M |
| 3 |
GC
Greenvale Capital
London,
United Kingdom
|
-$99.1M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$73.9M |
| 5 |
Goldman Sachs
New York
|
-$72.8M |
VRNS Hedge Fund Activity: Q4 2025 in Review
321 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Varonis Systems (VRNS) for Q4 2025, worth a combined $3.73B — down 43% from $6.54B a quarter earlier.
Sellers outnumbered buyers: 96 funds closed out of VRNS and 67 opened new positions — a net loss of 29 holders — while 107 trimmed existing stakes and 111 added.
The largest buyer was Tremblant Capital Group, adding an estimated $128M. The largest seller was Macquarie Group, exiting entirely with an estimated $144M sold.
- 321 institutional investors held Varonis Systems (VRNS) as of Q4 2025, down from 360 in Q3 2025.
- Funds reported $3.73B of Varonis Systems stock for Q4 2025, down 43% quarter-over-quarter.
- 67 funds opened new Varonis Systems positions in Q4 2025 and 96 closed out, a net change of -29 holders.
- The largest Varonis Systems buyer in Q4 2025 was Tremblant Capital Group, an estimated $128M added.
- The largest Varonis Systems seller in Q4 2025 was Macquarie Group, an estimated $144M sold.
Based on aggregated 13F filings for Q4 2025.