CoreWeave (CRWV)


Market Price (8/15/2026): $105.17 | Market Cap: $57.9 BilSector: Information Technology | Industry: Systems Software

CoreWeave (CRWV)


Market Price (8/15/2026): $105.17
Market Cap: $57.9 Bil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 115%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 91%, CFO LTM is 6.9 Bil

Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Cloud Computing. Themes include Data Centers & Infrastructure, and Infrastructure as a Service (IaaS).

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -231 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.0%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 79%

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -180%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.9%

Key risks
CRWV key risks include [1] a precarious financial position due to high leverage and capital-intensive expansion, Show more.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 115%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 91%, CFO LTM is 6.9 Bil
2 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Cloud Computing. Themes include Data Centers & Infrastructure, and Infrastructure as a Service (IaaS).
3 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -231 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.0%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 79%
6 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -180%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.9%
8 Key risks
CRWV key risks include [1] a precarious financial position due to high leverage and capital-intensive expansion, Show more.

CRWV in ETFs

Weight = CRWV's share of each fund

VTI0.05%
ITOT0.03%
QQQ0.17%
QQQM0.18%
IWB0.04%
VUG0.12%
VO0.37%
ARKW3.8%
+19 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/12/2026

CoreWeave (CRWV) stock has lost about 5% since 4/30/2026 because of the following key factors:

1. Significant insider selling created downward pressure on the stock.

In the three months leading up to August 12, 2026, CoreWeave insiders engaged in substantial selling activity, offloading approximately $930.56 million in company stock. This significant volume of insider sales, with no reported insider buying during the same period, likely signaled to investors a potential lack of confidence from key stakeholders, contributing to selling pressure and a decline in share price.

2. Increased competitive concerns from strategic industry partnerships.

Reports emerging in August 2026 suggested that a deal between SpaceX and Nvidia could pose challenges for "neocloud" providers such as CoreWeave. This news likely intensified investor concerns regarding the competitive landscape within the specialized AI cloud infrastructure market, potentially leading to a re-evaluation of CoreWeave's market position and future growth prospects.

Show more
Updated on 8/12/2026

CoreWeave (CRWV) stock has lost about 5% since 4/30/2026 because of the following key factors:

1. Significant insider selling created downward pressure on the stock.

In the three months leading up to August 12, 2026, CoreWeave insiders engaged in substantial selling activity, offloading approximately $930.56 million in company stock. This significant volume of insider sales, with no reported insider buying during the same period, likely signaled to investors a potential lack of confidence from key stakeholders, contributing to selling pressure and a decline in share price.

2. Increased competitive concerns from strategic industry partnerships.

Reports emerging in August 2026 suggested that a deal between SpaceX and Nvidia could pose challenges for "neocloud" providers such as CoreWeave. This news likely intensified investor concerns regarding the competitive landscape within the specialized AI cloud infrastructure market, potentially leading to a re-evaluation of CoreWeave's market position and future growth prospects.

3. Investor apprehension regarding substantial debt financing in fiscal Q2 2026.

During fiscal Q2 2026, which ended in June 2026, CoreWeave secured significant new financing, including a milestone $3.1 billion term loan and over $10 billion in unsecured debt and convertible bonds. While intended to fuel rapid expansion of its AI infrastructure, the considerable increase in financial leverage and the potential for future equity dilution from convertible bonds could have introduced investor apprehension, contributing to a negative sentiment during the specified period.

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Stock Movement Drivers

Fundamental Drivers

The -5.7% change in CRWV stock from 4/30/2026 to 8/14/2026 was primarily driven by a -26.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)43020268142026Change
Stock Price ($)111.60105.26-5.7%
Change Contribution By: 
Total Revenues ($ Mil)7,5900.0%
P/S Multiple7.60.0%
Shares Outstanding (Mil)404551-26.7%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/14/2026
ReturnCorrelation
CRWV-5.7% 
Market (SPY)8.0%47.7%
Sector (XLK)19.1%57.6%

Fundamental Drivers

The 13.0% change in CRWV stock from 1/31/2026 to 8/14/2026 was primarily driven by a 76.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)13120268142026Change
Stock Price ($)93.19105.2613.0%
Change Contribution By: 
Total Revenues ($ Mil)4,3067,59076.3%
P/S Multiple10.87.6-29.1%
Shares Outstanding (Mil)498551-9.6%
Cumulative Contribution13.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/14/2026
ReturnCorrelation
CRWV13.0% 
Market (SPY)12.5%49.0%
Sector (XLK)32.2%58.5%

Fundamental Drivers

The -7.8% change in CRWV stock from 7/31/2025 to 8/14/2026 was primarily driven by a -26.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)73120258142026Change
Stock Price ($)114.13105.26-7.8%
Change Contribution By: 
Total Revenues ($ Mil)7,5900.0%
P/S Multiple7.60.0%
Shares Outstanding (Mil)404551-26.7%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/14/2026
ReturnCorrelation
CRWV-7.8% 
Market (SPY)23.9%43.4%
Sector (XLK)45.2%55.1%

Fundamental Drivers

null
null

Market Drivers

7/31/2023 to 8/14/2026
ReturnCorrelation
CRWV  
Market (SPY)75.6%39.1%
Sector (XLK)117.1%47.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CRWV Return----79%48%166%
Peers Return57%-34%93%65%29%6%348%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
CRWV Win Rate----40%38% 
Peers Win Rate65%30%70%67%55%48% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
CRWV Max Drawdown------56% 
Peers Max Drawdown-14%-45%-18%-20%-33%-28% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AMZN, MSFT, GOOGL, NVDA, ORCL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/14/2026 (YTD)

How Low Can It Go

CRWV has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

EventXLKS&P 500
2025 US Tariff Shock
  % Loss-25.7%-18.8%
  % Gain to Breakeven34.5%23.1%
  Time to Breakeven65 days79 days
2024 Yen Carry Trade Unwind
  % Loss-17.0%-7.8%
  % Gain to Breakeven20.4%8.5%
  Time to Breakeven92 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-10.0%-9.5%
  % Gain to Breakeven11.2%10.5%
  Time to Breakeven15 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.1%-24.5%
  % Gain to Breakeven49.5%32.4%
  Time to Breakeven246 days427 days
2020 COVID-19 Crash
  % Loss-31.2%-33.7%
  % Gain to Breakeven45.2%50.9%
  Time to Breakeven78 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.8%-19.2%
  % Gain to Breakeven31.2%23.8%
  Time to Breakeven100 days105 days

Compare to AMZN, MSFT, GOOGL, NVDA, ORCL

In The Past

State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

CRWV has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

EventXLKS&P 500
2025 US Tariff Shock
  % Loss-25.7%-18.8%
  % Gain to Breakeven34.5%23.1%
  Time to Breakeven65 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.1%-24.5%
  % Gain to Breakeven49.5%32.4%
  Time to Breakeven246 days427 days
2020 COVID-19 Crash
  % Loss-31.2%-33.7%
  % Gain to Breakeven45.2%50.9%
  Time to Breakeven78 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.8%-19.2%
  % Gain to Breakeven31.2%23.8%
  Time to Breakeven100 days105 days
2008-2009 Global Financial Crisis
  % Loss-51.5%-53.4%
  % Gain to Breakeven106.2%114.4%
  Time to Breakeven797 days1085 days

Compare to AMZN, MSFT, GOOGL, NVDA, ORCL

In The Past

State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About CoreWeave (CRWV)

CoreWeave is an "AI Hyperscaler" that provides a purpose-built cloud platform designed specifically for the demanding computational needs of artificial intelligence (AI) workloads. Unlike general-purpose cloud providers, CoreWeave's platform and proprietary software are optimized to manage complex AI infrastructure at scale, delivering significantly higher performance, efficiency, and uptime for critical AI tasks such as model training and inference. This specialization helps customers accelerate their AI development and deployment by providing more compute cycles and reducing time to solution in the hyper-competitive AI race.

The CoreWeave Cloud Platform offers a comprehensive suite of integrated cloud services, including Infrastructure Services, Managed Software Services, and Application Software Services, all supported by advanced orchestration, automation, and monitoring capabilities. These services provide state-of-the-art compute, networking, and storage, powered by supercomputers in a distributed network of purpose-built data centers containing over 250,000 GPUs. CoreWeave benefits from robust collaborations with leading chipmakers like NVIDIA and offers access to its platform through both large, multi-year committed contracts and on-demand, pay-as-you-go models.

CoreWeave primarily serves the world's leading AI labs and AI enterprises—the builders and integrators of AI—who depend on its platform for their core products and most promising innovations. Its customer base includes prominent names such as OpenAI, Microsoft, Meta, IBM, and NVIDIA. The company's ability to abstract away the complexities of managing high-performance AI infrastructure establishes it as a critical partner, leading to long-term, durable relationships and expanding commitments within the rapidly growing global market for AI infrastructure and cloud services, projected to reach approximately $399 billion by 2028.

AI Analysis | Feedback

CoreWeave is like:

  • AWS or Microsoft Azure, but purpose-built and highly optimized solely for AI workloads.
  • A specialized, AI-dedicated version of a major cloud provider, such as Google Cloud, focused on delivering high-performance computing power for artificial intelligence.

AI Analysis | Feedback

* **AI Cloud Platform:** A comprehensive, purpose-built cloud platform offering integrated infrastructure and software services optimized for AI development, training, and inference. * **AI Infrastructure Services:** Provides state-of-the-art compute (GPUs), networking, and storage specifically engineered for high-performance AI workloads. * **AI Managed Software Services:** Offers tools for orchestrating, automating, and managing complex AI workloads and environments. * **AI Application Software Services:** Supports the deployment and delivery of advanced AI models and applications for various use cases. * **Mission Control and Observability Software:** Integrated monitoring and management tools that ensure optimal performance and reliability for AI training and inference.

AI Analysis | Feedback

CoreWeave (CRWV) sells primarily to other companies. Its major customers include:
  • Microsoft Corporation (Symbol: MSFT)
  • OpenAI OpCo, LLC
  • Cohere Inc.
  • International Business Machines Corporation (Symbol: IBM)
  • Meta Platforms, Inc. (Symbol: META)
  • Mistral AI SAS
  • NVIDIA Corporation (Symbol: NVDA)

AI Analysis | Feedback

NVIDIA Corporation (NVDA)

AI Analysis | Feedback

Michael Intrator, Chief Executive Officer, Chairman of the Board, and Co-founder

Michael Intrator is a co-founder of CoreWeave, established in 2017. He has served as the company's CEO and President since September 2017, and as Chairman of the board of directors. Prior to CoreWeave, he co-founded and was the Chief Executive Officer of Hudson Ridge Asset Management LLC, a natural gas hedge fund, from January 2013 to January 2018. He also held roles of increasing responsibility, including Principal Portfolio Manager, at Natsource Asset Management LLC, an asset management and advisory firm, from September 1998 to July 2014.

Nitin Agrawal, Chief Financial Officer

Nitin Agrawal joined CoreWeave as Chief Financial Officer in March 2024. Before his tenure at CoreWeave, he served as Vice President, Finance of Google Cloud, a segment of Alphabet Inc., from May 2021 to March 2024. His experience also includes serving as Chief Financial Officer of Mapbox, Inc. from August 2019 to April 2021, and as Finance Director of the Compute Services division at Amazon Web Services, Inc. from January 2015 to July 2019. Mr. Agrawal also held leadership roles at Microsoft.

Brannin McBee, Chief Development Officer, Co-founder

Brannin McBee is a co-founder of CoreWeave. He served as Chief Strategy Officer from September 2017 until March 2024, when he transitioned to Chief Development Officer. His previous experience includes working as a Proprietary Trader at Active Power Investments and Windy Bay Power LLC, a commodity-focused hedge fund. He was also a Vice President at Fourth Floor Coastal LLC, an exploration and production company in the oil and gas industry.

Brian Venturo, Chief Strategy Officer, Co-founder

Brian Venturo is a co-founder of CoreWeave. He served as Chief Technology Officer from October 2017 to March 2024, at which point he was appointed Chief Strategy Officer. Previously, from January 2013 to January 2018, Mr. Venturo was a Partner at Hudson Ridge Asset Management LLC, a natural gas hedge fund. He also worked as Portfolio Manager – Energy and Emissions for Natsource Asset Management LLC.

Sachin Jain, Chief Operating Officer

Sachin Jain assumed the role of Chief Operating Officer at CoreWeave in August 2024. Prior to CoreWeave, he served as Senior Vice President at Oracle Cloud from May 2024 to August 2024, where he was responsible for AI infrastructure, data center capacity, and infrastructure product teams. Before that, he was Vice President at Google Cloud from June 2020 to May 2024. Mr. Jain brings over two decades of experience in senior leadership positions at Google Cloud and Amazon.

AI Analysis | Feedback

The key risks to CoreWeave's business include:

  1. Customer Concentration Risk: CoreWeave relies heavily on a few large customers for a significant portion of its revenue. Microsoft has been its largest customer, and with the recently signed Master Services Agreement with OpenAI, these two entities will collectively account for a substantial part of CoreWeave's future committed contract revenues. A loss or significant reduction in business from one or both of these key customers could materially impact the company's financial performance.
  2. Technological Obsolescence and Intense Competition: CoreWeave operates in the rapidly evolving and "hyper-competitive" artificial intelligence (AI) industry, where the demand for specialized cloud infrastructure is constantly changing. The risk exists that CoreWeave's purpose-built AI cloud platform, or the underlying technology it uses, could become obsolete or less competitive if new technologies emerge or if larger, more diversified cloud providers develop equally or more advanced AI-specific offerings, challenging CoreWeave's specialized niche and competitive advantage.
  3. Reliance on Debt Financing for Expansion: CoreWeave employs a "sophisticated financing strategy" heavily reliant on asset-backed debt, having raised $12.9 billion in debt commitments to fund its rapid expansion of compute capacity. This significant reliance on debt for infrastructure development exposes the company to financial risks, including potential difficulties in servicing the debt if market conditions change, demand for its services slows, or if the costs of financing increase.

AI Analysis | Feedback

The primary emerging threat to CoreWeave stems from the potential for established, "generalized cloud infrastructure" providers (such as Amazon Web Services, Google Cloud Platform, and Microsoft Azure, despite Microsoft being a customer) to rapidly enhance and optimize their AI offerings. CoreWeave explicitly states that these generalized platforms were "built to host websites, databases, and SaaS apps that have fundamentally different needs than the high performance requirements of AI." CoreWeave's core competitive advantage is its "purpose-built AI cloud platform" which delivers "substantially higher total system performance and more favorable uptime relative to other AI offerings within existing infrastructure cloud environments." The emerging threat is that these major cloud hyperscalers, with their immense resources and existing customer bases, will significantly improve their AI-specific infrastructure and services to match or even surpass CoreWeave's performance and efficiency advantages, thereby eroding CoreWeave's key differentiation and "first-to-market track record with highly performant technology" in the rapidly evolving AI cloud market.

AI Analysis | Feedback

CoreWeave operates in a significant and rapidly expanding market. Total global spending on AI inference/fine-tuning, AI workload monitoring, and training infrastructure, which includes AI servers, AI storage, training compute, cloud workloads, and networking, is projected to reach approximately $399 billion by 2028.

AI Analysis | Feedback

Expected Drivers of Future Revenue Growth for CoreWeave (CRWV)

CoreWeave (CRWV) is positioned for significant revenue growth over the next 2-3 years, driven by several key factors stemming from its specialized focus on AI cloud infrastructure. The primary drivers include:
  • Explosive Growth in the Overall AI Market and Demand for Purpose-Built AI Infrastructure: CoreWeave anticipates benefiting from the massive expansion of the AI market, with projections indicating a cumulative global economic impact of $20 trillion by 2030 and total spending on AI infrastructure reaching approximately $399 billion by 2028. The company is strategically positioned as an "AI Hyperscaler" with a purpose-built platform to meet the high-performance demands of AI workloads, which differ significantly from general cloud infrastructure needs.
  • Significant Expansion of Data Center Footprint and GPU Capacity: CoreWeave has a robust plan to scale its physical infrastructure. As of December 31, 2024, the company had 32 data centers running over 250,000 GPUs and 360 MW of active power. More importantly, its total contracted power extends to approximately 1.3 GW, which it expects to roll out over the coming years, enabling a substantial increase in its compute capacity to meet growing customer demand.
  • Deepening and Expansion of Relationships with Leading AI Labs and Enterprises: CoreWeave fosters long-term, durable relationships with major AI industry players, including Microsoft and OpenAI. The company has a proven track record of existing customers expanding their commitments; for instance, three of its top five committed contract customers significantly increased their spend by approximately $7.8 billion within 12 months of their initial agreements. A recently signed Master Services Agreement with OpenAI is expected to generate up to an additional $11.55 billion in future revenue, further solidifying growth from key customer partnerships.
  • Growth in Remaining Performance Obligations (RPO) from Multi-Year Committed Contracts: CoreWeave's revenue model is heavily reliant on multi-year committed contracts, which provide predictable future income. The company reported a substantial increase in its remaining performance obligations (RPO) by 53%, from $9.9 billion as of December 31, 2023, to $15.1 billion as of December 31, 2024. This growing backlog of committed contracts, combined with new agreements, directly translates into secured future revenue streams.

AI Analysis | Feedback

Share Issuance

  • CoreWeave launched its Initial Public Offering (IPO) on March 28, 2025, raising approximately $1.5 billion by issuing 37.5 million Class A shares at $40.00 per share.
  • NVIDIA invested $2 billion in CoreWeave Class A common stock at a price of $87.20 per share in January 2026.
  • OpenAI agreed to invest $350 million in CoreWeave through the purchase of company stock as part of a larger $11.9 billion infrastructure deal.

Inbound Investments

  • CoreWeave raised over $18 billion in debt and equity from more than 200 investment partners and financial institutions during 2025, with total debt reaching $21.4 billion by year-end 2025.
  • The company's financing activities in 2025 included a $2 billion high-yield debt offering (upsized by $500 million), a separate $1.75 billion issuance, and a $2.6 billion delayed draw term loan facility.
  • Through December 31, 2024, CoreWeave had raised total commitments of $12.9 billion in asset-backed debt to support the development of its platform.

Outbound Investments

  • In September 2025, CoreWeave launched CoreWeave Ventures, a corporate venture capital arm, to invest in early-stage artificial intelligence and computing technology companies.
  • The company has made 7 investments across sectors such as Artificial Intelligence and AI Infrastructure, with notable investments including NinetyFive, Salt AI, Chai Research, Wombo, and Moonvalley.
  • CoreWeave acquired OpenPipe, a startup focused on building reinforcement-learning tools for AI agents, in September 2025.

Capital Expenditures

  • CoreWeave's capital expenditures were approximately $14.9 billion in fiscal 2025.
  • The company has budgeted significantly higher capital expenditures of $30 billion to $35 billion for 2026, more than double 2025 levels.
  • These expenditures are primarily focused on accelerating data center buildouts, purchasing AI chips (such as NVIDIA GPUs), and expanding power capacity to meet the relentless demand for AI computing.

Peer Outperformance in Systems Software

null
Share of Systems Software constituents that CRWV has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
60%
of 85 industry peers · 5.8% return
3Y
insufficient peer history
5Y
insufficient peer history
null
Median price return by industry across the Information Technology sector, ranked by 5Y. Systems Software is CRWV's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 9 78.8%244.8%447.9% TTMI 894% · FLEX 843% · FN 529%
Semiconductor Materials & Equipment 27 170.1%110.3%142.8% AEHR 2264% · AXTI 751% · KLAC 552%
Technology Distributors 9 21.7%66.7%83.7% CLMB 348% · AVT 166% · SNX 121%
Electronic Components 26 70.4%82.1%71.8% CLS 3738% · BELFA 1529% · LPTH 647%
Communications Equipment 35 38.0%94.6%51.1% AAOI 2035% · LITE 1078% · FEIM 898%
Semiconductors 54 47.0%49.1%47.9% POET 2252% · MU 1305% · NVDA 1019%
Technology Hardware, Storage & Peripherals 22 42.3%88.0%21.6% STX 1151% · SMCI 998% · WDC 982%
Internet Services & Infrastructure 6 14.7%37.7%20.3% DOCN 143% · VRSN 38% · GDDY 33%
Electronic Equipment & Instruments 27 5.5%13.0%-2.5% PI 245% · OSIS 127% · NSSC 124%
IT Consulting & Other Services 28 -25.6%-10.7%-18.4% CHRN 550689% · APLD 2052% · TSSI 780%
Application Software 124 -18.2%-13.6%-41.4% VIDA 234900% · INLX 5250% · PLTR 599%
Systems Software ← 68 -7.2%24.5%-45.0% QNC 947% · PANW 516% · ZETA 400%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CRWVAMZNMSFTGOOGLNVDAORCLMedian
NameCoreWeaveAmazon.c.MicrosoftAlphabet NVIDIA Oracle  
Mkt Price105.26262.65495.40345.90225.16150.52243.90
Mkt Cap58.02,828.53,678.84,203.05,468.2432.73,253.7
Rev LTM7,590775,680331,839445,867253,49167,358292,665
Op Inc LTM-23193,712155,237147,628162,28522,442120,670
FCF LTM-13,655-11,62566,98753,273119,076-23,68620,824
FCF 3Y Avg-16,73270,89060,26376,825-4,09160,263
CFO LTM6,911161,403182,935185,675125,64831,977143,526
CFO 3Y Avg-130,164145,882141,48180,77723,824130,164

Growth & Margins

CRWVAMZNMSFTGOOGLNVDAORCLMedian
NameCoreWeaveAmazon.c.MicrosoftAlphabet NVIDIA Oracle  
Rev Chg LTM115.3%15.8%17.8%20.1%70.7%17.4%18.9%
Rev Chg 3Y Avg-13.0%16.1%15.5%121.7%10.6%15.5%
Rev Chg Q112.5%19.6%17.7%24.2%85.2%20.6%22.4%
QoQ Delta Rev Chg LTM21.9%4.4%4.3%5.5%17.4%5.1%5.3%
Op Inc Chg LTM-204.2%23.0%20.8%21.6%88.3%24.3%22.3%
Op Inc Chg 3Y Avg-90.0%20.6%25.6%376.9%17.8%25.6%
Op Mgn LTM-3.0%12.1%46.8%33.1%64.0%33.3%33.2%
Op Mgn 3Y Avg-10.8%45.7%31.9%60.6%31.7%31.9%
QoQ Delta Op Mgn LTM-0.4%0.6%-0.0%0.4%3.6%1.0%0.5%
CFO/Rev LTM91.1%20.8%55.1%41.6%49.6%47.5%48.5%
CFO/Rev 3Y Avg-18.9%50.6%36.5%50.5%39.7%39.7%
FCF/Rev LTM-179.9%-1.5%20.2%11.9%47.0%-35.2%5.2%
FCF/Rev 3Y Avg-2.8%25.3%16.1%48.3%-4.5%16.1%

Valuation

CRWVAMZNMSFTGOOGLNVDAORCLMedian
NameCoreWeaveAmazon.c.MicrosoftAlphabet NVIDIA Oracle  
Mkt Cap58.02,828.53,678.84,203.05,468.2432.73,253.7
P/S7.63.611.19.421.66.48.5
P/Op Inc-251.430.223.728.533.719.326.1
P/EBIT-1,172.615.821.813.928.817.916.9
P/E-30.120.927.517.234.325.323.1
P/CFO8.417.520.122.643.513.518.8
Total Yield-3.3%4.8%4.4%6.1%2.9%5.3%4.6%
Dividend Yield0.0%0.0%0.7%0.2%0.0%1.3%0.1%
FCF Yield 3Y Avg-0.8%2.2%2.4%1.9%-0.9%1.9%
D/E0.90.10.00.00.00.40.1
Net D/E0.80.0-0.0-0.0-0.00.30.0

Returns

CRWVAMZNMSFTGOOGLNVDAORCLMedian
NameCoreWeaveAmazon.c.MicrosoftAlphabet NVIDIA Oracle  
1M Rtn36.5%3.0%25.2%-6.7%6.0%13.6%9.8%
3M Rtn-1.9%-0.6%17.7%-12.8%0.0%-21.7%-1.2%
6M Rtn9.6%32.1%24.0%13.3%23.3%-5.4%18.3%
12M Rtn5.8%13.7%-4.4%70.9%23.9%-37.9%9.7%
3Y Rtn163.2%90.8%57.6%168.9%413.4%32.9%127.0%
1M Excs Rtn41.0%1.8%20.2%-5.8%5.2%17.8%11.5%
3M Excs Rtn-11.6%-5.5%17.5%-17.5%-8.2%-26.6%-9.9%
6M Excs Rtn-4.0%17.6%9.9%-1.9%6.6%-17.1%2.4%
12M Excs Rtn-31.0%-3.4%-24.5%51.4%3.8%-58.1%-14.0%
3Y Excs Rtn88.9%16.3%-16.9%94.9%355.9%-36.4%52.6%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232022
Single Segment5,1311,91522916
Total5,1311,91522916


Price Behavior

Price Behavior
Market Price$105.26 
Market Cap ($ Bil)55.5 
First Trading Date03/28/2025 
Distance from 52W High-25.7% 
   50 Days200 Days
DMA Price$91.36$95.68
DMA Trenddowndown
Distance from DMA15.2%10.0%
 3M1YR
Volatility108.9%96.3%
Downside Capture474.24423.83
Upside Capture370.74341.57
Correlation (SPY)50.2%45.0%
CRWV Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta5.453.263.263.283.17-0.58
Up Beta16.616.064.804.443.36-0.06
Down Beta2.631.601.532.243.02-0.50
Up Capture47%179%230%392%585%324%
Bmk +ve Days11223567138427
Stock +ve Days6142662121162
Down Capture483%331%346%238%185%108%
Bmk -ve Days11212859114326
Stock -ve Days16293764131173

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CRWV
CRWV-9.8%97.4%0.33-
Sector ETF (XLK)43.0%26.0%1.3456.9%
Equity (SPY)21.7%12.8%1.2745.0%
Gold (GLD)29.2%28.5%0.8920.6%
Commodities (DBC)37.1%20.2%1.460.7%
Real Estate (VNQ)14.1%13.9%0.71-6.1%
Bitcoin (BTCUSD)-48.7%42.8%-1.4436.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CRWV
CRWV20.4%114.7%1.11-
Sector ETF (XLK)20.7%25.8%0.7147.9%
Equity (SPY)13.4%17.2%0.6039.3%
Gold (GLD)19.4%18.6%0.8510.0%
Commodities (DBC)9.4%19.6%0.377.8%
Real Estate (VNQ)2.2%18.9%0.026.3%
Bitcoin (BTCUSD)8.2%52.8%0.3431.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CRWV
CRWV9.7%114.7%1.11-
Sector ETF (XLK)24.7%24.9%0.9047.9%
Equity (SPY)15.5%17.9%0.7339.3%
Gold (GLD)11.9%16.2%0.6010.0%
Commodities (DBC)7.6%18.0%0.347.8%
Real Estate (VNQ)5.0%20.7%0.206.3%
Bitcoin (BTCUSD)60.0%66.1%1.0031.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity61.3 Mil
Short Interest: % Change Since 7152026-4.8%
Average Daily Volume27.0 Mil
Days-to-Cover Short Interest2.3 days
Basic Shares Quantity551.0 Mil
Short % of Basic Shares11.1%

Earnings Returns History

Updated 8/10/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/2026-11.4%-11.4%-20.5%
2/26/2026-18.5%-23.4%-23.4%
11/10/2025-16.3%-28.7%-17.3%
8/12/2025-20.8%-37.6%-24.2%
5/14/2025-2.5%59.2%118.2%
SUMMARY STATS   
# Positive011
# Negative544
Median Positive 59.2%118.2%
Median Negative-16.3%-26.0%-22.0%
Max Positive 59.2%118.2%
Max Negative-20.8%-37.6%-24.2%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/2026-11.4%-11.4%-20.5%
2/26/2026-18.5%-23.4%-23.4%
11/10/2025-16.3%-28.7%-17.3%
8/12/2025-20.8%-37.6%-24.2%
5/14/2025-2.5%59.2%118.2%
SUMMARY STATS   
# Positive011
# Negative544
Median Positive 59.2%118.2%
Median Negative-16.3%-26.0%-22.0%
Max Positive 59.2%118.2%
Max Negative-20.8%-37.6%-24.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/12/202610-Q
03/31/202605/08/202610-Q
12/31/202503/02/202610-K
09/30/202511/13/202510-Q
06/30/202508/13/202510-Q
03/31/202505/15/202510-Q
12/31/202403/31/2025424B4
09/30/202402/11/2025DRS/A
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/12/202610-Q
03/31/202605/08/202610-Q
12/31/202503/02/202610-K
09/30/202511/13/202510-Q
06/30/202508/13/202510-Q
03/31/202505/15/202510-Q
12/31/202403/31/2025424B4
09/30/202402/11/2025DRS/A

Insider Activity

Updated 8/14/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Magnetar, Financial LlcFootnotesSell8142026108.75307,13133,401,61024,013,888Form
2Magnetar, Financial LlcFootnotesSell8142026111.271,921,259213,781,34724,725,637Form
3Magnetar, Financial LlcFootnotesSell8142026107.832,147,871231,601,95524,841,664Form
4Jain, SachinChief Operating OfficerDirectSell8142026110.00111016,256,240Form
5Intrator, Michael NCEO and PresidentDirectSell813202689.18200,00017,836,297167,377,150Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Magnetar, Financial LlcFootnotesSell8142026108.75307,13133,401,61024,013,888Form
2Magnetar, Financial LlcFootnotesSell8142026111.271,921,259213,781,34724,725,637Form
3Magnetar, Financial LlcFootnotesSell8142026107.832,147,871231,601,95524,841,664Form
4Jain, SachinChief Operating OfficerDirectSell8142026110.00111016,256,240Form
5Intrator, Michael NCEO and PresidentDirectSell813202689.18200,00017,836,297167,377,150Form
6Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell813202689.18107,692  Form
7McBee, BranninChief Development OfficerCanis Major 2025 GRATSell812202689.7340,000  Form
8McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell812202689.7312,500  Form
9McBee, BranninChief Development OfficerCanis Major SM TrustSell812202689.6950044,8474,395,039Form
10McBee, BranninChief Development OfficerDirectSell812202689.73144,00012,920,87329,005,834Form
11McBee, BranninChief Development OfficerSpouseSell812202689.7325,000  Form
12McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell812202689.7325,000  Form
13McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell812202689.723,000  Form
14Jain, SachinChief Operating OfficerDirectSell811202692.0913,6081,253,16113,609,521Form
15McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell805202683.6810,036  Form
16McBee, BranninChief Development OfficerCanis Major SM TrustSell805202682.5750041,2834,086,968Form
17McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell805202684.102,100  Form
18McBee, BranninChief Development OfficerCanis Major 2025 GRATSell805202682.3740,000  Form
19McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell805202677.012,464189,756772,886Form
20McBee, BranninChief Development OfficerSpouseSell805202685.427,316  Form
21McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell805202682.3725,000  Form
22McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell805202678.4590070,607164,750Form
23McBee, BranninChief Development OfficerDirectSell805202682.37144,00011,861,03026,626,611Form
24McBee, BranninChief Development OfficerSpouseSell805202681.0917,6841,433,940593,232Form
25McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell729202671.0412,500  Form
26McBee, BranninChief Development OfficerCanis Major SM TrustSell729202671.0150035,5043,550,394Form
27McBee, BranninChief Development OfficerDirectSell729202671.04144,00010,229,51422,964,052Form
28McBee, BranninChief Development OfficerSpouseSell729202671.0425,000  Form
29McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell729202671.0425,000  Form
30McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell729202671.033,000  Form
31McBee, BranninChief Development OfficerCanis Major 2025 GRATSell729202671.0440,000  Form
32McBee, BranninChief Development OfficerCanis Major 2025 GRATSell722202675.1340,000  Form
33McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell722202675.1312,500  Form
34McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell722202675.123,000  Form
35McBee, BranninChief Development OfficerDirectSell722202675.13144,00010,819,05924,287,509Form
36McBee, BranninChief Development OfficerSpouseSell722202675.1425,000  Form
37McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell722202675.1325,000  Form
38McBee, BranninChief Development OfficerCanis Major SM TrustSell722202675.0450037,5213,789,603Form
39McBee, BranninChief Development OfficerCanis Major 2025 GRATSell715202684.6440,000  Form
40McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell715202684.6412,500  Form
41McBee, BranninChief Development OfficerCanis Major SM TrustSell715202684.6050042,3004,314,650Form
42McBee, BranninChief Development OfficerDirectSell715202684.64144,00012,188,75527,362,317Form
43McBee, BranninChief Development OfficerSpouseSell715202684.6525,000  Form
44McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell715202684.6425,000  Form
45McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell715202684.643,000  Form
46Agrawal, NitinChief Financial OfficerDirectSell715202684.7465,0555,512,78610,907,443Form
47Intrator, Michael NCEO and PresidentDirectSell709202686.9461,7975,372,646250,110,970Form
48Agrawal, NitinChief Financial OfficerDirectSell709202682.98324916,079,118Form
49Intrator, Michael NCEO and PresidentDirectSell709202682.65200,00016,529,869242,874,360Form
50Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell709202682.65107,692  Form
51McVeety, Kristen JGC and SecretaryDirectSell708202685.89221,89010,452,718Form
52McBee, BranninChief Development OfficerCanis Major 2025 GRATSell708202686.1340,000  Form
53McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell708202686.1312,500  Form
54McBee, BranninChief Development OfficerCanis Major SM TrustSell708202686.1250043,0624,435,427Form
55McBee, BranninChief Development OfficerDirectSell708202686.13144,00012,402,66027,842,506Form
56McBee, BranninChief Development OfficerSpouseSell708202686.1325,000  Form
57McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell708202686.1325,000  Form
58McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell708202686.133,000  Form
59Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell702202686.9961,532  Form
60Venturo, Brian MChief Strategy OfficerVenturo Family GST Exempt Trust dated June 30, 2023Sell702202686.9915,380  Form
61Venturo, Brian MChief Strategy OfficerDirectSell702202695.6965,4936,267,02522,571,644Form
62McVeety, Kristen JGC and SecretaryDirectSell702202695.69438311,647,195Form
63Jain, SachinChief Operating OfficerDirectSell702202695.69328712,213,202Form
64Intrator, Michael NCEO and PresidentDirectSell702202697.43278,56027,140,545305,799,977Form
65Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell702202698.12107,692  Form
66Goldberg, ChenEVP, Product & EngineeringDirectSell702202695.6943835,681,211Form
67Baker, JeffPrincipal Accounting OfficerDirectSell702202695.694383107,364Form
68Agrawal, NitinChief Financial OfficerDirectSell702202695.69438318,542,234Form
69McBee, BranninChief Development OfficerDirectSell701202695.6956,7075,426,29330,933,036Form
70McBee, BranninChief Development OfficerCanis Major SM TrustSell701202694.3250047,1594,904,485Form
71McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell701202694.323,000  Form
72McBee, BranninChief Development OfficerCanis Major 2025 GRATSell701202694.3240,000  Form
73McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell701202694.3212,500  Form
74McBee, BranninChief Development OfficerDirectSell701202694.32144,00013,582,71124,416,055Form
75McBee, BranninChief Development OfficerSpouseSell701202694.3225,000  Form
76McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell701202694.3225,000  Form
77Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell6262026101.3261,539  Form
78Venturo, Brian MChief Strategy OfficerVenturo Family GST Exempt Trust dated June 30, 2023Sell6262026101.3215,385  Form
79Intrator, Michael NCEO and PresidentDirectSell6252026106.81200,00021,362,822350,010,084Form
80Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell6252026106.81107,692  Form
81McBee, BranninChief Development OfficerCanis Major SM TrustSell6242026111.2750055,6335,841,430Form
82McBee, BranninChief Development OfficerCanis Major 2025 GRATSell6242026111.2840,000  Form
83McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell6242026111.2812,500  Form
84McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell6242026111.2825,000  Form
85McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell6242026111.273,000  Form
86McBee, BranninChief Development OfficerDirectSell6242026111.28144,00016,023,68328,803,905Form
87McBee, BranninChief Development OfficerSpouseSell6242026111.2825,000  Form
88Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell6182026118.4861,539  Form
89Venturo, Brian MChief Strategy OfficerVenturo Family GST Exempt Trust dated June 30, 2023Sell6182026118.4815,385  Form
90Intrator, Michael NCEO and PresidentDirectSell6182026116.65200,00023,330,521405,579,518Form
91Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell6182026116.65107,692  Form
92Agrawal, NitinChief Financial OfficerDirectSell6182026116.7058,4296,818,58422,612,810Form
93McBee, BranninChief Development OfficerCanis Major 2025 GRATSell6172026107.3040,000  Form
94McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell6172026107.3012,500  Form
95McBee, BranninChief Development OfficerDirectSell6172026107.30144,00015,450,60727,773,753Form
96McBee, BranninChief Development OfficerSpouseSell6172026107.3025,000  Form
97McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell6172026107.3025,000  Form
98McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell6172026107.303,000  Form
99McBee, BranninChief Development OfficerCanis Major SM TrustSell6172026107.2950053,6465,686,497Form
100Goldberg, ChenEVP, Product & EngineeringDirectSell6172026107.295,541594,4726,369,355Form
101Agrawal, NitinChief Financial OfficerDirectSell612202693.3563,8915,964,51223,544,002Form
102Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell612202696.8961,539  Form
103Venturo, Brian MChief Strategy OfficerVenturo Family GST Exempt Trust dated June 30, 2023Sell612202696.8915,385  Form
104Intrator, Michael NCEO and PresidentDirectSell611202698.88200,00019,776,902363,580,058Form
105Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell611202698.88107,692  Form
106McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell6102026101.843,000  Form
107McBee, BranninChief Development OfficerCanis Major 2025 GRATSell6102026101.8440,000  Form
108McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell6102026101.8412,500  Form
109McBee, BranninChief Development OfficerDirectSell6102026101.84144,00014,664,71026,361,038Form
110McBee, BranninChief Development OfficerSpouseSell6102026101.8425,000  Form
111McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell6102026101.8425,000  Form
112McBee, BranninChief Development OfficerCanis Major SM TrustSell6102026101.8350050,9165,448,056Form
113Venturo, Brian MChief Strategy OfficerVenturo Family GST Exempt Trust dated June 30, 2023Sell6052026112.5115,385  Form
114Venturo, Brian MChief Strategy OfficerDirectSell6052026112.5154,4746,128,66719,644,158Form
115Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell6052026112.5161,539  Form
116Intrator, Michael NCEO and PresidentDirectSell6042026122.38200,00024,475,694474,438,684Form
117Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell6042026122.38107,692  Form
118Magnetar, Financial LlcFootnotesSell6032026130.56112,11114,636,91931,584,443Form
119Jain, SachinChief Operating OfficerDirectSell6032026120.003,798455,76015,315,480Form
120Cogen, Jack D CW Holding 987 LLCSell6022026106.97271,15329,004,694938,074,701Form
121Jain, SachinChief Operating OfficerDirectSell5292026110.0089898,78014,456,970Form
122Cogen, Jack D CW Holding 987 LLCSell5292026106.32642,30768,291,181961,236,440Form
123Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell5292026102.3361,539  Form
124Venturo, Brian MChief Strategy OfficerVenturo Family GST Exempt Trust dated June 30, 2023Sell5292026102.3315,385  Form
125McVeety, Kristen JGC and SecretaryDirectSell5292026101.872,246228,79212,398,680Form
126Cogen, Jack D CW Holding 987 LLCSell5292026103.77100,00010,377,0001,004,819,023Form
127Agrawal, NitinChief Financial OfficerDirectSell5292026102.175,508562,75819,797,793Form
128Intrator, Michael NCEO and PresidentDirectSell5282026106.74200,00021,348,107435,161,420Form
129Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell5282026106.74107,693  Form
130Cogen, Jack D Birch Br Trust LLCSell5282026107.80110,000  Form
131Cogen, Jack D Chestnut Br Trust LLCSell5282026107.80110,000  Form
132Cogen, Jack D Maple Br Trust LLCSell5282026107.80110,000  Form
133Cogen, Jack D Willow Br Trust LLCSell5282026107.80110,000  Form
134Cogen, Jack D CW Holding 987 LLCSell5282026107.80546,54058,915,5431,054,595,764Form
135Boone, Karen DirectSell5282026108.231,060114,724790,079Form
136Boone, Karen The Boone Family Trust, dated August 6, 2015Sell5282026107.4510,520  Form
137Venturo, Brian MChief Strategy OfficerDirectSell522202699.825,887587,64022,866,666Form
138Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell5222026101.0961,539  Form
139Venturo, Brian MChief Strategy OfficerVenturo Family GST Exempt Trust dated June 30, 2023Sell5222026101.0915,385  Form
140McVeety, Kristen JGC and SecretaryDirectSell522202699.823,833382,61012,373,787Form
141McBee, BranninChief Development OfficerDirectSell522202699.823,683367,63731,751,345Form
142Jain, SachinChief Operating OfficerDirectSell522202699.826,377636,55213,208,682Form
143Intrator, Michael NCEO and PresidentDirectSell522202699.8213,1291,310,537426,911,673Form
144Goldberg, ChenEVP, Product & EngineeringDirectSell5222026100.3414,1681,421,5866,512,828Form
145Baker, JeffPrincipal Accounting OfficerDirectSell522202699.821,320131,762111,699Form
146Agrawal, NitinChief Financial OfficerDirectSell522202699.8210,0621,004,38919,892,030Form
147Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell5202026101.24300,000  Form
148Venturo, Brian MChief Strategy OfficerVenturo Family GST Exempt Trust dated June 30, 2023Sell5202026101.2475,000  Form
149Intrator, Michael NCEO and PresidentDirectSell5142026105.67200,00021,133,902471,972,967Form
150Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell5142026105.67107,693  Form
151Jain, SachinChief Operating OfficerDirectSell5122026118.6114,7501,749,56014,596,432Form
152Magnetar, Financial LlcFootnotesSell5082026129.91159,16820,677,14987,621,445Form
153Magnetar, Financial LlcFootnotesSell5082026129.91587,01076,257,07331,489,088Form
154Magnetar, Financial LlcFootnotesSell5082026136.71797,884109,080,68393,625,613Form
155Magnetar, Financial LlcFootnotesSell5082026136.731,202,656164,441,06133,573,757Form
156Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell5082026136.7061,539  Form
157Venturo, Brian MChief Strategy OfficerVenturo Family GST Exempt Trust dated June 30, 2023Sell5082026136.7015,385  Form
158Jain, SachinChief Operating OfficerDirectSell5082026131.137,335961,83913,646,437Form
159Magnetar, Financial LlcFootnotesSell5062026127.68349,43744,614,57690,634,732Form
160Magnetar, Financial LlcFootnotesSell5062026127.68978,764124,964,22332,323,234Form
161Magnetar, Financial LlcFootnotesSell5062026127.29420,22753,489,50292,446,501Form
162Magnetar, Financial LlcFootnotesSell5062026127.291,155,164147,037,49232,861,205Form
163Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell5062026126.78300,000  Form
164Venturo, Brian MChief Strategy OfficerVenturo Family GST Exempt Trust dated June 30, 2023Sell5062026126.7875,000  Form
165Magnetar, Financial LlcFootnotesSell5012026119.91209,15725,080,69689,411,877Form
166Magnetar, Financial LlcFootnotesSell5012026119.911,284,876154,073,68231,664,418Form
167Magnetar, Financial LlcFootnotesSell5012026117.846,564773,50231,758,587Form
168Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell5012026113.2461,539  Form
169Venturo, Brian MChief Strategy OfficerVenturo Family GST Exempt Trust dated June 30, 2023Sell5012026113.2415,385  Form
170Baker, JeffPrincipal Accounting OfficerDirectSell5012026107.876,760729,2014,587,603Form
171Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell4292026109.03300,000  Form
172Venturo, Brian MChief Strategy OfficerVenturo Family GST Exempt Trust dated June 30, 2023Sell4292026109.0375,000  Form
173McBee, BranninChief Development OfficerCanis Major 2025 GRATSell4292026109.0333,350  Form
174McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell4292026109.0312,500  Form
175McBee, BranninChief Development OfficerDirectSell4292026109.03200,00021,806,77534,207,416Form
176McBee, BranninChief Development OfficerSpouseSell4292026109.0333,350  Form
177McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell4292026109.0354,150  Form
178Goldberg, ChenEVP, Product & EngineeringDirectSell4292026109.004,879531,8234,803,415Form
179Intrator, Michael NCEO and PresidentDirectSell4232026116.42200,00023,284,896589,864,740Form
180Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell4232026116.42107,693  Form
181Magnetar, Financial LlcFootnotesSell4222026118.26323,45238,251,43433,052,369Form
182Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell4222026115.93900,000  Form
183Venturo, Brian MChief Strategy OfficerVenturo Family GST Exempt Trust dated June 30, 2023Sell4222026115.93225,000  Form
184McBee, BranninChief Development OfficerCanis Major 2025 GRATSell4222026115.9433,330  Form
185McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell4222026115.9412,500  Form
186McBee, BranninChief Development OfficerDirectSell4222026115.93200,00023,186,39336,371,567Form
187McBee, BranninChief Development OfficerSpouseSell4222026115.9433,330  Form
188McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell4222026115.9454,170  Form
189Magnetar, Financial LlcFootnotesSell4222026117.33319,83537,526,24132,930,776Form
190Intrator, Michael NCEO and PresidentDirectSell4162026116.94200,00023,388,190615,869,621Form
191Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell4162026116.94107,693  Form
192Jain, SachinChief Operating OfficerDirectSell4142026105.007,335770,18312,112,506Form
193Venturo, Brian MChief Strategy OfficerDirectSell410202689.2261,7475,508,94819,947,375Form
194Jain, SachinChief Operating OfficerDirectSell410202692.003,953363,67611,287,572Form
195Intrator, Michael NCEO and PresidentDirectSell410202689.2262,3995,567,083487,707,555Form
196Goldberg, ChenEVP, Product & EngineeringDirectSell410202692.009,757897,6444,503,032Form
197Agrawal, NitinChief Financial OfficerDirectSell410202692.00141,28817,470,064Form
198Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell408202680.86900,000  Form
199Venturo, Brian MChief Strategy OfficerVenturo Family GST Exempt Trust dated June 30, 2023Sell408202680.86225,000  Form
200McBee, BranninChief Development OfficerDirectSell408202681.25100,0008,124,96125,490,604Form
201McBee, BranninChief Development OfficerSpouseSell408202681.2516,665  Form
202McBee, BranninChief Development OfficerCanis Major 2025 GRATSell408202681.2516,665  Form
203McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell408202681.2527,085  Form
204McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell408202681.256,250  Form
205Venturo, Brian MChief Strategy OfficerDirectSell402202674.0565,0054,813,62021,128,464Form
206McVeety, Kristen JGC and SecretaryDirectSell402202674.05118158,893,257Form
207McBee, BranninChief Development OfficerDirectSell402202674.0556,0314,149,09623,231,855Form
208Intrator, Michael NCEO and PresidentDirectSell402202674.0577,9395,771,383424,225,045Form
209Goldberg, ChenEVP, Product & EngineeringDirectSell402202674.05161,1854,346,957Form
210Baker, JeffPrincipal Accounting OfficerDirectSell402202674.05161,1852,724,225Form
211Agrawal, NitinChief Financial OfficerDirectSell402202674.05161,18514,062,539Form
212McBee, BranninChief Development OfficerCanis Major 2025 GRATSell401202669.2216,665  Form
213McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell401202669.226,250  Form
214McBee, BranninChief Development OfficerDirectSell401202669.22100,0006,922,41317,213,550Form
215McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell401202669.2227,085  Form
216McBee, BranninChief Development OfficerSpouseSell401202669.2216,665  Form
217Intrator, Michael NCEO and PresidentDirectSell327202687.3432,4562,834,835494,934,602Form
218Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell327202687.3450,000  Form
219McBee, BranninChief Development OfficerCanis Major 2025 GRATSell325202682.5316,665  Form
220McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell325202682.536,250  Form
221McBee, BranninChief Development OfficerDirectSell325202682.53100,0008,252,77920,521,690Form
222McBee, BranninChief Development OfficerSpouseSell325202682.5316,665  Form
223McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell325202682.5327,085  Form
224Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell320202683.65281,250  Form
225McBee, BranninChief Development OfficerCanis Major 2025 GRATSell318202684.4416,665  Form
226McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell318202684.446,250  Form
227McBee, BranninChief Development OfficerDirectSell318202684.44100,0008,444,23020,997,759Form
228McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell318202684.4427,085  Form
229McBee, BranninChief Development OfficerSpouseSell318202684.4416,665  Form
230Intrator, Michael NCEO and PresidentDirectSell313202681.4132,4552,642,137463,947,772Form
231Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell313202681.4150,000  Form
232Agrawal, NitinChief Financial OfficerDirectSell313202679.6863,1575,032,35018,194,769Form
233McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell311202672.6118,750  Form
234McBee, BranninChief Development OfficerDirectSell311202672.61300,00021,782,81718,055,342Form
235McBee, BranninChief Development OfficerSpouseSell311202672.6149,995  Form
236McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell311202672.6181,255  Form
237McBee, BranninChief Development OfficerCanis Major 2025 GRATSell311202672.6149,995  Form
238Agrawal, NitinChief Financial OfficerDirectSell305202673.203,920286,93512,383,956Form
239McVeety, Kristen JGC and SecretaryDirectSell227202697.922,671261,55511,758,603Form
240Intrator, Michael NCEO and PresidentDirectSell227202699.9532,4563,243,823572,827,461Form
241Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell227202699.9550,000  Form
242McVeety, Kristen JGC and SecretaryDirectSell224202690.831,677152,32611,149,661Form
243Goldberg, ChenEVP, Product & EngineeringDirectSell224202690.8418,9501,721,3335,331,047Form
244Baker, JeffPrincipal Accounting OfficerDirectSell224202690.832,374215,6423,749,211Form
245Agrawal, NitinChief Financial OfficerDirectSell224202690.845,383488,98015,724,480Form
246McBee, BranninChief Development OfficerCanis Major 2025 GRATSell219202691.7325,000  Form
247McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell219202691.738,315  Form
248McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell219202691.813,000  Form
249McBee, BranninChief Development OfficerCanis Major 2025 Family Trust LLCSell219202691.811,000  Form
250McBee, BranninChief Development OfficerCanis Minor 2025 Family Trust LLCSell219202691.811,000  Form
251McBee, BranninChief Development OfficerCanis Major SM TrustSell219202691.8150045,9064,957,900Form
252McBee, BranninChief Development OfficerDirectSell219202691.73102,8309,432,38622,809,442Form
253McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell219202691.7325,000  Form
254Intrator, Michael NCEO and PresidentDirectSell213202693.6332,4553,038,833539,683,701Form
255Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell213202693.6350,000  Form
256McBee, BranninChief Development OfficerCanis Major 2025 GRATSell211202695.9525,000  Form
257McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell211202695.958,335  Form
258McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell211202695.813,000  Form
259McBee, BranninChief Development OfficerCanis Major 2025 Family Trust LLCSell211202695.811,000  Form
260McBee, BranninChief Development OfficerCanis Minor 2025 Family Trust LLCSell211202695.811,000  Form
261McBee, BranninChief Development OfficerDirectSell211202695.95102,8309,866,21023,858,517Form
262McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell211202695.9525,000  Form
263McBee, BranninChief Development OfficerCanis Major SM TrustSell211202695.8150047,9075,221,837Form
264Goldberg, ChenSVP of EngineeringDirectSell206202679.6917,9851,433,2913,415,592Form
265Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell206202685.00281,250  Form
266McBee, BranninChief Development OfficerCanis Major 2025 Family Trust LLCSell204202690.531,000  Form
267McBee, BranninChief Development OfficerCanis Minor 2025 Family Trust LLCSell204202690.531,000  Form
268McBee, BranninChief Development OfficerCanis Major 2025 GRATSell204202690.4325,000  Form
269McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell204202690.438,335  Form
270McBee, BranninChief Development OfficerDirectSell204202690.43102,8309,298,59622,485,909Form
271McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell204202690.4325,000  Form
272McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell204202690.533,000  Form
273McBee, BranninChief Development OfficerCanis Major SM TrustSell204202690.5350045,2664,979,241Form
274Baker, JeffPrincipal Accounting OfficerDirectSell1302026103.785,143533,7604,079,115Form
275Intrator, Michael NCEO and PresidentDirectSell1302026106.0832,4563,443,055614,895,769Form
276Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell1302026106.0850,000  Form
277McBee, BranninChief Development OfficerCanis Major 2025 GRATSell1282026101.4525,000  Form
278McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell1282026101.458,335  Form
279McBee, BranninChief Development OfficerCanis Major 2025 Family Trust LLCSell1282026101.491,000  Form
280McBee, BranninChief Development OfficerCanis Minor 2025 Family Trust LLCSell1282026101.491,000  Form
281McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell1282026101.4525,000  Form
282McBee, BranninChief Development OfficerCanis Major SM TrustSell1282026101.4950050,7455,632,668Form
283McBee, BranninChief Development OfficerDirectSell1282026101.45102,83010,432,31525,227,475Form
284McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell1282026101.493,000  Form
285McBee, BranninChief Development OfficerCanis Major 2025 Family Trust LLCSell122202695.291,000  Form
286McBee, BranninChief Development OfficerCanis Minor 2025 Family Trust LLCSell122202695.291,000  Form
287McBee, BranninChief Development OfficerCanis Major 2025 GRATSell122202695.2925,000  Form
288McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell122202695.298,335  Form
289McBee, BranninChief Development OfficerDirectSell122202695.29102,8359,799,59323,696,271Form
290McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell122202695.2925,000  Form
291McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell122202695.293,000  Form
292McBee, BranninChief Development OfficerCanis Major SM TrustSell122202695.2950047,6455,336,268Form
293Intrator, Michael NCEO and PresidentDirectSell116202689.3932,4552,901,244521,050,978Form
294Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell116202689.3950,000  Form
295McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell114202688.788,335  Form
296McBee, BranninChief Development OfficerCanis Major SM TrustSell114202688.6250044,3095,006,913Form
297McBee, BranninChief Development OfficerCanis Major 2025 GRATSell114202688.7825,000  Form
298McBee, BranninChief Development OfficerCanis Minor 2025 Family Trust LLCSell114202688.621,000  Form
299McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell114202688.7825,000  Form
300McBee, BranninChief Development OfficerCanis Major 2025 Family Trust LLCSell114202688.621,000  Form
301McBee, BranninChief Development OfficerDirectSell114202688.78102,8359,129,57322,076,105Form
302McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell114202688.623,000  Form
303Venturo, Brian MChief Strategy OfficerDirectSell102202672.5765,9404,785,36320,033,571Form
304McBee, BranninChief Development OfficerDirectSell102202672.5757,6364,182,72318,045,886Form
305Intrator, Michael NCEO and PresidentDirectSell102202672.39111,4278,065,759428,714,980Form
306Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell102202671.9450,000  Form
307McBee, BranninChief Development OfficerCanis Major 2025 GRATSell1231202575.6325,000  Form
308McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell1231202575.638,335  Form
309McBee, BranninChief Development OfficerCanis Major SM TrustSell1231202575.5750037,7854,345,261Form
310McBee, BranninChief Development OfficerDirectSell1231202575.63102,8357,777,06414,004,614Form
311McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell1231202575.6325,000  Form
312McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell1231202575.573,000  Form
313McBee, BranninChief Development OfficerCanis Major 2025 Family Trust LLCSell1231202575.571,000  Form
314McBee, BranninChief Development OfficerCanis Minor 2025 Family Trust LLCSell1231202575.571,000  Form
315Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell1229202579.36281,250  Form
316McBee, BranninChief Development OfficerDirectSell1223202585.30102,8358,771,43515,795,236Form
317McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell1223202585.3025,000  Form
318McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell1223202585.283,000  Form
319McBee, BranninChief Development OfficerCanis Major 2025 Family Trust LLCSell1223202585.421,000  Form
320McBee, BranninChief Development OfficerCanis Minor 2025 Family Trust LLCSell1223202585.431,000  Form
321McBee, BranninChief Development OfficerCanis Major 2025 GRATSell1223202585.2925,000  Form
322McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell1223202585.328,335  Form
323McBee, BranninChief Development OfficerCanis Major SM TrustSell1223202585.4150042,7034,953,490Form
324Intrator, Michael NCEO and PresidentDirectSell1219202565.4732,4552,124,980385,887,391Form
325Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell1219202565.4750,000  Form
326Agrawal, NitinChief Financial OfficerDirectSell1218202569.1836,3172,512,27511,557,625Form
327McBee, BranninChief Development OfficerCanis Major SM TrustSell1217202573.6850036,8394,310,215Form
328McBee, BranninChief Development OfficerCanis Major 2025 Family Trust LLCSell1217202573.681,000  Form
329McBee, BranninChief Development OfficerCanis Minor 2025 Family Trust LLCSell1217202573.681,000  Form
330McBee, BranninChief Development OfficerCanis Major 2025 GRATSell1217202573.5725,000  Form
331McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell1217202573.578,335  Form
332McBee, BranninChief Development OfficerDirectSell1217202573.57102,8357,565,92913,624,411Form
333McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell1217202573.5725,000  Form
334McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell1217202573.683,000  Form
335Agrawal, NitinChief Financial OfficerDirectSell1212202582.5866,4675,488,53216,795,155Form
336Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell1212202587.75281,250  Form
337McBee, BranninChief Development OfficerDirectSell1210202583.80102,8358,617,92315,518,797Form
338McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell1210202583.8025,000  Form
339McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell1210202583.773,000  Form
340McBee, BranninChief Development OfficerCanis Major 2025 Family Trust LLCSell1210202583.771,000  Form
341McBee, BranninChief Development OfficerCanis Minor 2025 Family Trust LLCSell1210202583.771,000  Form
342McBee, BranninChief Development OfficerCanis Major 2025 GRATSell1210202583.8025,000  Form
343McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell1210202583.808,335  Form
344McBee, BranninChief Development OfficerCanis Major SM TrustSell1210202583.7750041,8864,942,495Form
345Intrator, Michael NCEO and PresidentDirectSell1205202576.8832,4552,495,277455,626,979Form
346Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell1205202576.8850,000  Form
347McVeety, Kristen JGC and SecretaryDirectSell1205202574.532,116157,7015,888Form
348McBee, BranninChief Development OfficerBrannin J McBee 2022 Irrevocable TrustSell1204202578.6125,000  Form
349McBee, BranninChief Development OfficerCanis Minor 2025 Family Trust LLCSell1204202578.611,000  Form
350McBee, BranninChief Development OfficerCanis Minor 2025 GRATSell1204202578.618,335  Form
351McBee, BranninChief Development OfficerCanis Major 2024 Irrevocable Trust LLCSell1204202578.613,000  Form
352McBee, BranninChief Development OfficerCanis Major 2025 Family Trust LLCSell1204202578.611,000  Form
353McBee, BranninChief Development OfficerCanis Major 2025 GRATSell1204202578.6125,000  Form
354McBee, BranninChief Development OfficerCanis Major SM TrustSell1204202578.6150039,3064,677,443Form
355McBee, BranninChief Development OfficerDirectSell1204202578.61102,8358,083,82614,557,018Form
356Venturo, Brian MChief Strategy OfficerYOLO APV TrustSell1203202574.9532,8072,459,04113,692,660Form
357Venturo, Brian MChief Strategy OfficerYOLO ECV TrustSell1203202574.9432,7992,458,00613,690,836Form
358Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell1128202574.44281,250  Form
359Agrawal, NitinChief Financial OfficerDirectSell1128202570.273,640255,76810,365,551Form
360McVeety, Kristen JGC and SecretaryDirectSell1121202582.552,231184,169181,197Form
361Agrawal, NitinChief Financial OfficerDirectSell1121202582.555,841482,17512,478,175Form
362Intrator, Michael NCEO and PresidentDirectSell1121202574.7132,4552,424,654445,156,227Form
363Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell1121202574.7150,000  Form
364Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell1114202587.57281,250  Form
365Goldberg, ChenSVP of EngineeringDirectSell1113202590.7913,7401,247,4682,119,425Form
366Goldberg, ChenSVP of EngineeringDirectSell11072025118.3019,1802,268,9944,387,037Form
367Intrator, Michael NCEO and PresidentDirectSell11072025113.9732,4553,698,950796,782,189Form
368Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell11072025113.9750,000  Form
369Magnetar, Financial LlcFootnotesSell11052025134.947,6881,037,38240,414,737Form
370Venturo, Brian MChief Strategy OfficerYOLO APV TrustSell11052025127.9314,9581,913,64927,568,163Form
371Venturo, Brian MChief Strategy OfficerYOLO ECV TrustSell11052025127.9414,9581,913,71427,569,095Form
372Magnetar, Financial LlcFootnotesSell10312025135.65191,33125,953,371115,824,297Form
373Magnetar, Financial LlcFootnotesSell10312025135.65331,32444,942,83740,631,865Form
374Magnetar, Financial LlcFootnotesSell10312025134.69216,01029,094,65040,608,056Form
375Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell10312025137.80281,250  Form
376Magnetar, Financial LlcFootnotesSell10292025138.48464,16964,279,131119,494,743Form
377Magnetar, Financial LlcFootnotesSell10292025138.48804,514111,412,04641,862,780Form
378Magnetar, Financial LlcFootnotesSell10292025138.61378,29352,436,174121,757,163Form
379Magnetar, Financial LlcFootnotesSell10292025138.61435,63760,384,77442,555,036Form
380Magnetar, Financial LlcFootnotesSell10292025138.61639,67588,666,857226,489,952Form
381Magnetar, Financial LlcFootnotesSell10292025135.02531,59971,776,50542,183,899Form
382Intrator, Michael NCEO and PresidentDirectSell10242025118.5832,4553,848,450832,833,900Form
383Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell10242025118.5750,000  Form
384Magnetar, Financial LlcFootnotesSell10222025136.7344,1816,040,83642,988,364Form
385Magnetar, Financial LlcFootnotesSell10172025136.6218,3712,509,857123,392,321Form
386Magnetar, Financial LlcFootnotesSell10172025136.62244,20333,361,92542,975,424Form
387Magnetar, Financial LlcFootnotesSell10172025143.51303,20643,513,560130,072,258Form
388Magnetar, Financial LlcFootnotesSell10172025143.51549,08778,800,232187,953,264Form
389Magnetar, Financial LlcFootnotesSell10172025143.51254,52536,527,25545,283,750Form
390Magnetar, Financial LlcFootnotesSell10172025143.511,004,073144,096,539322,440,928Form
391Magnetar, Financial LlcFootnotesSell10172025138.7512,8761,786,505129,349,810Form
392Magnetar, Financial LlcFootnotesSell10172025138.75495,12268,696,626190,897,374Form
393Magnetar, Financial LlcFootnotesSell10172025138.76556,23077,184,30544,885,067Form
394Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell10172025138.47154,479  Form
395Magnetar, Financial LlcFootnotesSell10152025137.1917,7892,440,44944,914,751Form
396Magnetar, Financial LlcFootnotesSell10152025141.2727,9453,947,818133,552,805Form
397Magnetar, Financial LlcFootnotesSell10152025141.27369,37952,183,13646,261,129Form
398Magnetar, Financial LlcFootnotesSell10102025148.74414,54761,658,723274,507,574Form
399Magnetar, Financial LlcFootnotesSell10102025148.80180,16626,807,87448,943,573Form
400Magnetar, Financial LlcFootnotesSell10102025148.80208,20730,980,194141,386,800Form
401Magnetar, Financial LlcFootnotesSell10102025141.16372,70652,611,485135,511,000Form
402Magnetar, Financial LlcFootnotesSell10102025141.16907,277128,070,41346,851,838Form
403Magnetar, Financial LlcFootnotesSell10102025139.46691,24396,403,19046,952,211Form
404Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell10092025139.6615,174  Form
405Intrator, Michael NCEO and PresidentDirectSell10092025136.7232,4554,437,309964,704,873Form
406Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell10092025135.4434,8264,716,9712,055,226Form
407Intrator, Michael NCEO and PresidentDirectSell10092025131.5461,8108,130,424932,403,475Form
408Venturo, Brian MChief Strategy OfficerDirectSell10082025137.9052,7877,279,09034,297,648Form
409Magnetar, Financial LlcFootnotesSell10072025137.6363,3188,714,37446,688,058Form
410Magnetar, Financial LlcFootnotesSell10072025139.27570,46379,447,33347,277,224Form
411Magnetar, Financial LlcFootnotesSell10072025139.371,149,406160,196,85347,608,907Form
412Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell10032025135.67281,250  Form
413Venturo, Brian MChief Strategy OfficerYOLO APV TrustSell10032025135.6514,6151,982,50531,259,419Form
414Venturo, Brian MChief Strategy OfficerYOLO ECV TrustSell10032025135.6814,6151,982,99931,267,200Form
415Magnetar, Financial LlcFootnotesSell10022025138.20149,52420,664,788139,006,921Form
416Magnetar, Financial LlcFootnotesSell10022025138.22901,524124,605,99947,803,753Form
417Magnetar, Financial LlcFootnotesSell10022025137.11286,32339,257,74747,955,594Form
418Magnetar, Financial LlcFootnotesSell10022025139.5599,69113,911,778142,627,160Form
419Magnetar, Financial LlcFootnotesSell10022025139.55581,48481,145,574223,995,856Form
420Magnetar, Financial LlcFootnotesSell10022025139.55732,944102,280,89248,956,100Form
421Venturo, Brian MChief Strategy OfficerDirectSell10022025139.4465,5939,146,28842,042,415Form
422McBee, BranninChief Development OfficerDirectSell10022025138.59157,90321,884,29025,664,837Form
423McBee, BranninChief Development OfficerBrannin J. McBee 2022 Irrevocable TrustSell10022025138.10150,000  Form
424Intrator, Michael NCEO and PresidentDirectSell10022025139.4478,54810,952,733997,028,071Form
425Magnetar, Financial LlcFootnotesSell9262025136.38185,62725,315,999141,744,470Form
426Magnetar, Financial LlcFootnotesSell9262025136.381,113,847151,907,02948,561,010Form
427Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell9262025130.1450,000  Form
428Intrator, Michael NCEO and PresidentDirectSell9262025130.1432,4554,223,680922,483,919Form
429McBee, BranninChief Development OfficerDirectSell9252025131.83250,00032,957,01616,078,410Form
430McBee, BranninChief Development OfficerBrannin J. McBee 2022 Irrevocable TrustSell9252025131.83375,000  Form
431McVeety, Kristen JGC and SecretaryJackfruit 2024 GRATSell9242025126.8695,000  Form
432Magnetar, Financial LlcFootnotesSell9222025132.42734,11097,213,53847,791,701Form
433Magnetar, Financial LlcFootnotesSell9222025125.60197,33624,784,570133,653,886Form
434Magnetar, Financial LlcFootnotesSell9222025125.601,151,054144,567,443215,100,235Form
435Magnetar, Financial LlcFootnotesSell9222025125.601,451,063182,251,14145,671,459Form
436Magnetar, Financial LlcFootnotesSell9222025120.62176,51221,290,912132,481,624Form
437Magnetar, Financial LlcFootnotesSell9222025120.621,059,358127,780,72545,118,975Form
438Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell9192025118.68281,250  Form
439Agrawal, NitinChief Financial OfficerDirectSell9182025118.1838,4224,540,52917,204,895Form
440McBee, BranninChief Development OfficerDirectSell9182025118.17250,00029,542,57014,412,638Form
441McBee, BranninChief Development OfficerBrannin J. McBee 2022 Irrevocable TrustSell9182025118.17375,000  Form
442Magnetar, Financial LlcFootnotesSell9172025120.09211,83525,440,318133,716,742Form
443Magnetar, Financial LlcFootnotesSell9172025120.101,271,277152,675,75945,474,252Form
444Magnetar, Financial LlcFootnotesSell9172025122.4276,3889,351,084138,517,058Form
445Magnetar, Financial LlcFootnotesSell9172025122.39185,71322,728,81647,017,085Form
446Magnetar, Financial LlcFootnotesSell9172025119.93535,05564,167,74546,188,952Form
447Agrawal, NitinChief Financial OfficerDirectSell9152025115.2963,2307,289,77421,214,476Form
448Intrator, Michael NCEO and PresidentDirectSell9122025118.3332,4553,840,275842,585,583Form
449Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell9122025118.3350,000  Form
450Magnetar, Financial LlcFootnotesSell9112025118.05204,41624,130,36145,699,255Form
451Magnetar, Financial LlcFootnotesSell9112025118.42811,80096,131,74145,933,636Form
452Magnetar, Financial LlcFootnotesSell9112025103.84573,45759,547,77540,592,406Form
453McBee, BranninChief Development OfficerDirectSell911202599.47250,00024,866,81312,131,523Form
454McBee, BranninChief Development OfficerBrannin J. McBee 2022 Irrevocable TrustSell911202599.47375,000  Form
455Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell904202590.62281,250  Form
456Venturo, Brian MChief Strategy OfficerYOLO APV TrustSell904202593.1619,4101,808,18722,829,082Form
457Venturo, Brian MChief Strategy OfficerYOLO ECV TrustSell904202593.1619,4101,808,18922,829,110Form
458McBee, BranninChief Development OfficerDirectSell904202593.17250,00023,292,32211,363,392Form
459McBee, BranninChief Development OfficerBrannin J. McBee 2022 Irrevocable TrustSell904202593.17375,000  Form
460Goldberg, ChenSVP of EngineeringDirectSell904202593.1756,2945,244,8491,748,221Form
461Cogen, Jack DCW Holding 987 LLCSell904202594.691,112,004105,297,5071,167,517,510Form
462Magnetar, Financial LlcFootnotesSell9022025102.3880,8208,274,51840,240,860Form
463Magnetar, Financial LlcFootnotesSell8292025103.17915,33994,435,46340,574,981Form
464Intrator, Michael NCEO and PresidentDirectSell829202595.6532,4553,104,307684,212,903Form
465Intrator, Michael NCEO and PresidentOmnadora Capital LLCSell829202595.6550,000  Form
466McVeety, Kristen JGC and SecretaryDirectSell829202595.21311,796  Form
467Agrawal, NitinChief Financial OfficerDirectSell828202592.063,512323,30911,498,087Form
468McBee, BranninChief Development OfficerDirectSell828202591.99250,00022,996,92811,219,281Form
469McBee, BranninChief Development OfficerBrannin J. McBee 2022 Irrevocable TrustSell828202591.99375,000  Form
470Magnetar, Financial LlcFootnotesSell825202598.1920,7332,035,77338,854,176Form
471Venturo, Brian MChief Strategy OfficerYOLO APV TrustSell822202588.1021,5311,896,82523,299,030Form
472Venturo, Brian MChief Strategy OfficerYOLO ECV TrustSell822202588.1021,5311,896,82523,299,032Form
473Venturo, Brian MChief Strategy OfficerWest Clay Capital LLCSell822202588.10281,250  Form
474Agrawal, NitinChief Financial OfficerDirectSell822202589.996,010540,85911,556,194Form
475McVeety, Kristen JGC and SecretaryDirectSell822202589.972,292206,215376,351Form
476McBee, BranninChief Development OfficerDirectSell821202591.71250,00022,926,47311,184,909Form
477McBee, BranninChief Development OfficerBrannin J. McBee 2022 Irrevocable TrustSell821202591.71375,000  Form
478Magnetar, Financial LlcFootnotesSell8192025100.78549,68255,398,35139,880,359Form
479Magnetar, Financial LlcFootnotesSell8192025100.15915,38291,675,50739,835,364Form
480Cogen, Jack DCW Holding 987 LLCSell8182025100.201,000,000100,201,1391,346,871,641Form
481Cogen, Jack DCW Holding 987 LLCSell818202590.552,556,000231,445,8001,307,694,124Form
482Cogen, Jack DBirch Tree Trust LLCSell818202590.55111,00010,051,05059,237,810Form
483Cogen, Jack DChestnut Tree Trust LLCSell818202590.55111,00010,051,05059,237,810Form
484Cogen, Jack DMaple Tree Trust LLCSell818202590.55111,00010,051,05059,237,810Form
485Cogen, Jack DWillow Tree Trust LLCSell818202590.55111,00010,051,05059,237,810Form

Investor Activity (13F)

Updated Aug 15, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Magnetar Financial LLC$4.7 Bil48.2%1754Hold13F
Lavaca Capital LLC$226.5 Mil42.1%277ADD +16.9%13F
Cisco Systems, Inc.$82.4 Mil26.0%3Hold13F
Nvidia Corp$3.7 Bil19.9%7ADD +94.5%13F
Peak6 LLC$527.9 Mil15.3%881ADD +17.6%13F
Panview Capital Ltd$69.5 Mil14.9%12New13F
Situational Awareness Partners LP$556.1 Mil14.4%26New13F
Situational Awareness LP$556.1 Mil14.4%26ADD +17.7%13F
Altimeter Capital Management, LP$348.5 Mil6.1%13ADD +40.0%13F
Kinetic Partners Management, LP$41.1 Mil2.3%49ADD +142.6%13F
MKP Capital Management, L.L.C.$44.9 Mil1.5%19New13F
Infinitum Asset Management, LLC$11.6 Mil1.5%21New13F
Anther Capital Ltd$31.0 Mil0.8%31New13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Situational Awareness Partners LP$556.1 Mil14.4%26New13F
Panview Capital Ltd$69.5 Mil14.9%12New13F
MKP Capital Management, L.L.C.$44.9 Mil1.5%19New13F
Anther Capital Ltd$31.0 Mil0.8%31New13F
Infinitum Asset Management, LLC$11.6 Mil1.5%21New13F
Kinetic Partners Management, LP$41.1 Mil2.3%49ADD +142.6%13F
Nvidia Corp$3.7 Bil19.9%7ADD +94.5%13F
Altimeter Capital Management, LP$348.5 Mil6.1%13ADD +40.0%13F
Situational Awareness LP$556.1 Mil14.4%26ADD +17.7%13F
Peak6 LLC$527.9 Mil15.3%881ADD +17.6%13F
Lavaca Capital LLC$226.5 Mil42.1%277ADD +16.9%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
SHANDA ASSET MANAGEMENT HOLDINGS Ltd$28.6 Mil1.4%10Exited13F
H&H International Investment, LLC$21.5 Mil0.1%14Exited13F
Broad Peak Investment Advisers Pte Ltd$15.5 Mil2.8%20Exited13F
Two Seas Capital LP$7.9 Mil0.5%29Exited13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Magnetar Financial LLC$4.7 Bil48.2%1754Hold13F
Nvidia Corp$3.7 Bil19.9%7ADD +94.5%13F
Situational Awareness Partners LP$556.1 Mil14.4%26New13F
Situational Awareness LP$556.1 Mil14.4%26ADD +17.7%13F
Peak6 LLC$527.9 Mil15.3%881ADD +17.6%13F
Altimeter Capital Management, LP$348.5 Mil6.1%13ADD +40.0%13F
Lavaca Capital LLC$226.5 Mil42.1%277ADD +16.9%13F
Cisco Systems, Inc.$82.4 Mil26.0%3Hold13F
Panview Capital Ltd$69.5 Mil14.9%12New13F
MKP Capital Management, L.L.C.$44.9 Mil1.5%19New13F
Kinetic Partners Management, LP$41.1 Mil2.3%49ADD +142.6%13F
Anther Capital Ltd$31.0 Mil0.8%31New13F
Infinitum Asset Management, LLC$11.6 Mil1.5%21New13F
Core Cache Last Updated: 8/14/2026