SAPIENS INTL CORP N V

CUSIP: G7T16G103 Class: Common Stock

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (5)

ODDO BHF ASSET MANAGEMENT SAS
Value ($000) $12,344 Shares 283,763
XTX Topco Ltd
Value ($000) $510 Shares 11,738
Brooklyn Investment Group
Value ($000) $260 Shares 5,983
Root Financial Partners, LLC
Value ($000) $0 Shares 1
SIMPLEX TRADING, LLC
Value ($000) $0 Shares 100

Increased Positions (8)

KRYGER CAPITAL Ltd
Value ($000) $10,311 (+2.5%) Shares 237,032 (+1.4%)
MERCER GLOBAL ADVISORS INC /ADV
Value ($000) $273 (+17.9%) Shares 6,283 (+16.7%)
Farther Finance Advisors, LLC
Value ($000) $11 (+430.0%) Shares 257 (+424.5%)
EverSource Wealth Advisors, LLC
Value ($000) $27 (+25.7%) Shares 623 (+24.4%)
GAMMA Investing LLC
Value ($000) $48 (+9.6%) Shares 1,107 (+8.4%)
MASSMUTUAL TRUST CO FSB/ADV
Value ($000) $2 (+22.5%) Shares 40 (+21.2%)
Parallel Advisors, LLC
Value ($000) $1 (+40.3%) Shares 25 (+38.9%)
ROTHSCHILD INVESTMENT LLC
Value ($000) $3 (+5.1%) Shares 78 (+4.0%)

Decreased Positions (4)

Altshuler Shaham Ltd
Value ($000) $19 (-98.1%) Shares 425 (-98.1%)
Nuveen, LLC
Value ($000) $1,164 (-74.6%) Shares 26,321 (-75.3%)
Russell Investments Group, Ltd.
Value ($000) $53 (-95.5%) Shares 1,221 (-95.5%)
Rockefeller Capital Management L.P.
Value ($000) $3 (-24.5%) Shares 58 (-24.7%)

Exited Positions (142)

Nine Ten Capital Management LLC
Value ($000) $49,417 Shares 1,149,230
WATER ISLAND CAPITAL LLC
Value ($000) $18,122 Shares 421,434
Versor Investments LP
Value ($000) $7,785 Shares 181,038
First Trust Capital Management L.P.
Value ($000) $17,475 Shares 406,388
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AM
Value ($000) $19,357 Shares 450,172
HBK INVESTMENTS L P
Value ($000) $83,887 Shares 1,950,865
GABELLI & Co INVESTMENT ADVISERS, INC.
Value ($000) $5,684 Shares 132,189
BCK Capital Management LP
Value ($000) $678 Shares 15,765
P SCHOENFELD ASSET MANAGEMENT LP
Value ($000) $3,328 Shares 77,400
CREDIT INDUSTRIEL ET COMMERCIAL
Value ($000) $7,617 Shares 177,135
Y.D. More Investments Ltd
Value ($000) $9,517 Shares 221,261
SOROS FUND MANAGEMENT LLC
Value ($000) $25,942 Shares 603,291
Torray Investment Partners LLC
Value ($000) $2,513 Shares 58,442
ALPINE ASSOCIATES MANAGEMENT INC.
Value ($000) $5,218 Shares 121,339
TOKIO MARINE ASSET MANAGEMENT CO LTD
Value ($000) $6,244 Shares 145,200
FIL Ltd
Value ($000) $183,309 Shares 4,263,000
AQR Arbitrage LLC
Value ($000) $8,005 Shares 186,172
METEORA CAPITAL, LLC
Value ($000) $2,081 Shares 48,400
EAGLE GLOBAL ADVISORS LLC
Value ($000) $2,163 Shares 50,300
Groupe la Francaise
Value ($000) $5,146 Shares 119,667