undamentalytics Newsletter

Ncino, Inc.: which funds bought and sold

Institutions that bought and sold Ncino shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 175 institutions that filed 13F reports for both quarters added to or opened positions in Ncino, and 150 cut or closed them. Together they added a net 7.6M shares, +6.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 8.9M shares (−20.6%); index fund managers were net buyers of 6.4M shares (+27.6%). 71 opened a new position and 65 sold out entirely.

Bought, Q2 2026 175 institutions, 71 of them new holders Sold, Q2 2026 150 institutions, 65 of them sold out
Net change, all compared +7.6M shares (+6.3%)
Net change, active managers −8.9M shares (−20.6%), 24 bought, 35 sold

Buyers versus sellers

institutions compared, 348
Active managers and hedge funds 24 bought · 35 sold · −8.9M
Index fund managers 9 bought · 1 sold · +6.4M
Other institutions 142 bought · 114 sold · +10.1M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
AQR Capital Management LLC Hedge fund +4.7M +189.6% 7.1M $112M
Bank Of America Corp +4.2M +418.9% 5.2M $84.3M
Blackrock, Inc. Index funds +3.4M +59.9% 9.0M $147M
Bank Of Montreal +3.0M +182.7% 4.7M $77M
Wellington Management Group LLP Active manager +3.0M New position 3.0M $49.3M
American Capital Management Inc +2.7M +115.0% 5.1M $83.5M
Senvest Management, LLC +2.0M +38.0% 7.3M $120M
Lead Edge Capital Management, LLC +2.0M +117.0% 3.7M $59.9M
Clearbridge Investments, LLC Active manager +1.8M +85.2% 3.9M $64M
T. Rowe Price Investment Management, Inc. Active manager +1.6M New position 1.6M $26.5M
Ameriprise Financial Inc +1.2M +945.7% 1.3M $20.9M
Azora Capital LP Hedge fund +1.1M New position 1.1M $18M
Arrowstreet Capital, Limited Partnership Hedge fund +1.1M +172.1% 1.7M $27.3M
Quantinno Capital Management LP +957K +310.5% 1.3M $20.7M
Vanguard Portfolio Management LLC Index funds +868K +12.5% 7.8M $128M
State Street Corp Index funds +846K +41.0% 2.9M $47.5M
Geode Capital Management, LLC Index funds +791K +41.3% 2.7M $44.3M
Nuveen, LLC +547K +191.2% 833K $13.6M
Los Angeles Capital Management LLC Active manager +532K +90204.4% 533K $8.7M
Northern Trust Corp Index funds +418K +70.6% 1.0M $16.5M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Hawk Ridge Capital Management LP Hedge fund −4.5M Sold out 0 —
Millennium Management LLC Hedge fund −4.1M −93.4% 290K $4.7M
Spyglass Capital Management LLC Hedge fund −3.1M Sold out 0 —
Kayne Anderson Rudnick Investment Management LLC Active manager −2.6M −50.9% 2.5M $41.2M
Tremblant Capital Group Hedge fund −1.8M Sold out 0 —
Hmi Capital Management, L.P. −1.8M −26.4% 5.0M $81.6M
Brown Brothers Harriman & Co −1.5M Sold out 0 —
Jane Street Group, LLC −1.2M −97.9% 26K $428,337
Point72 Asset Management, L.P. Hedge fund −1.1M Sold out 0 —
Balyasny Asset Management L.P. Hedge fund −926K Sold out 0 —
Long Path Partners LP −781K −17.7% 3.6M $59.5M
Qube Research & Technologies Ltd Hedge fund −776K Sold out 0 —
Marshall Wace, LLP Hedge fund −723K Sold out 0 —
Citadel Advisors LLC Hedge fund −648K −67.6% 311K $5.1M
HRT Financial LP −646K Sold out 0 —
Conestoga Capital Advisors, LLC −604K −22.2% 2.1M $34.7M
Exoduspoint Capital Management, LP Hedge fund −580K Sold out 0 —
Freestone Grove Partners LP Hedge fund −560K Sold out 0 —
Squarepoint Ops LLC Hedge fund −515K −83.7% 100K $1.6M
Loomis Sayles & Co L P Active manager −478K Sold out 0 —

New positions

largest by value
InstitutionSharesValue June 30, 2026
Wellington Management Group LLPActive manager 3.0M $49.3M
T. Rowe Price Investment Management, Inc.Active manager 1.6M $26.5M
Azora Capital LPHedge fund 1.1M $18M
Acadian Asset Management LLCActive manager 252K $4.1M
Trexquant Investment LPHedge fund 242K $4M
Bank Of Nova Scotia 165K $2.7M
Dark Forest Capital Management LP 121K $2M
Cambridge Investment Research Advisors, Inc. 88K $1.4M
Vinva Investment Management Ltd 52K $1.2M
Sigma Planning Corp 73K $1.2M

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Hawk Ridge Capital Management LPHedge fund 4.5M $67.1M
Spyglass Capital Management LLCHedge fund 3.1M $46.2M
Tremblant Capital GroupHedge fund 1.8M $27.6M
Brown Brothers Harriman & Co 1.5M $21.9M
Point72 Asset Management, L.P.Hedge fund 1.1M $15.8M
Balyasny Asset Management L.P.Hedge fund 926K $13.9M
Qube Research & Technologies LtdHedge fund 776K $11.6M
Marshall Wace, LLPHedge fund 723K $10.8M
HRT Financial LP 646K $9.7M
Exoduspoint Capital Management, LPHedge fund 580K $8.7M

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
286
Ten largest holders
46.5%
of 13F-reported shares
Index fund managers
23.1%
of 13F-reported shares
Active managers and hedge funds
26.9%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 24 35 10 17 −8.9M −20.6%
Index fund managers 9 1 1 0 +6.4M +27.6%
Other institutions 142 114 60 48 +10.1M +18.8%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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