Varonis Systems, Inc.
US ˙ NasdaqGS ˙ US9222801022

SecurityVRNS / Varonis Systems, Inc.
InstitutionQUANTITATIVE MASTER SERIES LLC - Master Small Cap Index Series
Latest Disclosed Ownership191,348 shares
Latest Disclosed Value $ 9,710,911
QUANTITATIVE MASTER SERIES LLC - Master Small Cap Index Series reports 1.84% increase in ownership of VRNS / Varonis Systems, Inc.

On August 26, 2025 - QUANTITATIVE MASTER SERIES LLC - Master Small Cap Index Series filed a NPORT-P form disclosing ownership of 191,348 shares of Varonis Systems, Inc. (US:VRNS) valued at $9,710,911 USD as of June 30, 2025. The entity filed a previous NPORT-P on May 28, 2025 disclosing 187,897 shares of Varonis Systems, Inc.. This represents a change in shares of 1.84% during the quarter. The current value of the position is $6,255,166 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-08-26 2025-06-30 NP Varonis Systems EC US9222801022 191,348 3,451 1.84 9,711 27.76 0.2181
2025-05-28 2025-03-31 NP Varonis Systems EC US9222801022 187,897 1,994 1.07 7,600 -7.98 0.1823
2025-02-25 2024-12-31 NP Varonis Systems EC US9222801022 185,903 -30,478 -14.09 8,260 -32.44 0.1804
2024-11-26 2024-09-30 NP Varonis Systems EC US9222801022 216,381 10,396 5.05 12,226 23.72 0.2312
2024-08-26 2024-06-30 NP Varonis Systems EC US9222801022 205,985 15,329 8.04 9,881 9.87 0.2012
2024-05-28 2024-03-31 NP Varonis Systems EC US9222801022 190,656 -7,411 -3.74 8,993 0.28 0.1877
2024-02-26 2023-12-31 NP Varonis Systems EC US9222801022 198,067 13,610 7.38 8,968 59.20 0.1914
2023-11-28 2023-09-30 NP Varonis Systems EC US9222801022 184,457 -3,944 -2.09 5,633 12.21 0.1470
2023-08-25 2023-06-30 NP Varonis Systems EC US9222801022 188,401 17,738 10.39 5,021 13.11 0.1191
2023-05-26 2023-03-31 NP Varonis Systems EC US9222801022 170,663 -1,244 -0.72 4,439 7.85 0.1182
2023-02-24 2022-12-31 NP Varonis Systems EC US9222801022 171,907 -1,474 -0.85 4,115 -10.50 0.1132
2022-11-25 2022-09-30 NP Varonis Systems EC US9222801022 173,381 3,276 1.93 4,598 -7.80 0.1317
2022-08-25 2022-06-30 NP Varonis Systems EC US9222801022 170,105 3,636 2.18 4,987 -36.98 0.1377
2022-05-26 2022-03-31 NP Varonis Systems EC US9222801022 166,469 1,946 1.18 7,914 -1.40 0.1844
2022-02-25 2021-12-31 NP Varonis Systems EC US9222801022 164,523 4,049 2.52 8,025 -17.81 0.1741
2021-11-24 2021-09-30 NP Varonis Systems EC US9222801022 160,474 -2,314 -1.42 9,765 4.10 0.2151
2021-08-26 2021-06-30 NP Varonis Systems EC US9222801022 162,788 8,750 5.68 9,380 18.60 0.2012
2021-05-27 2021-03-31 NP Varonis Systems EC US9222801022 154,038 104,731 212.41 7,908 -1.97 0.1793
2021-02-25 2020-12-31 NP Varonis Systems EC US9222801022 49,307 -1,844 -3.61 8,067 36.66 0.2067
2020-11-25 2020-09-30 NP Varonis Systems EC US9222801022 51,151 -1,607 -3.05 5,904 26.46 0.1895
2020-08-27 2020-06-30 NP Varonis Systems EC US9222801022 52,758 2,804 5.61 4,668 46.79 0.1526
2020-06-01 2020-03-31 NP Varonis Systems EC US9222801022 49,954 4,163 9.09 3,181 -10.62 0.1300
2020-02-27 2019-12-31 NP Varonis Systems EC 922280102 45,791 236 0.52 3,558 30.66 0.1070
2019-11-27 2019-09-30 NP Varonis Systems EC US9222801022 45,555 45,555 2,723 0.0900
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.