$92 Million Bet: Why This Fund Made CyberArk a 12% Portfolio Position Amid a Booming Stock Rally

3 weeks ago 18

Jonathan Ponciano, The Motley Fool

Sun, December 28, 2025 astatine 12:40 PM CST 5 min read

São Paulo-based Absolute Gestao purchased 190,897 shares of CyberArk Software successful the 3rd quarter.
The shares were worthy astir $92.23 cardinal astatine quarter-end.
CyberArk is present Absolute Gestao's largest holding, comprising astir 12% of full reportable assets.
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São Paulo-based Absolute Gestao de Investimentos Ltda. initiated a caller presumption successful CyberArk Software Ltd. (NASDAQ:CYBR), adding $92.23 cardinal successful the 3rd quarter, according to a November 13 SEC filing.

According to an SEC filing dated November 13, Absolute Gestao de Investimentos disclosed a caller involvement successful CyberArk Software Ltd. (NASDAQ:CYBR), purchasing 190,897 shares. The presumption was valued astatine $92.23 cardinal astatine the extremity of the 3rd quarter, representing a important allocation wrong the fund’s $769.14 cardinal successful reportable U.S. equity assets.

The caller presumption represented 11.99% of 13F reportable assets astatine quarter-end.

Top holdings aft the filing:

NASDAQ: CYBR: $92.23 cardinal (12.19% of AUM)
NYSEMKT: EEM: $89.72 cardinal (11.85% of AUM)
NYSE: GTLS: $88.22 cardinal (11.66% of AUM)
NYSEMKT: EWZ: $48.85 cardinal (6.45% of AUM)
NASDAQ: EMXC: $48.27 cardinal (6.38% of AUM)

As of Friday, CYBR shares were priced astatine $454.65, up 41% implicit the past twelvemonth and good outperforming the S&P 500, which is up 15% successful the aforesaid period.

Metric

Value

Price (as of Friday)	$454.65
Market Capitalization	$22.95 billion
Revenue (TTM)	$1.30 billion
One-Year Price Change	41%

CyberArk Software offers privileged entree management, endpoint privilege security, unreality entitlement management, and individuality and entree absorption solutions delivered arsenic some bundle and SaaS products.
The institution generates gross chiefly from bundle licenses, SaaS subscriptions, and enactment services, leveraging a recurring gross exemplary with a absorption connected endeavor cybersecurity needs.
It serves ample enterprises and organizations crossed fiscal services, healthcare, energy, technology, and authorities sectors, targeting customers with analyzable information and compliance requirements.

CyberArk Software Ltd. specializes successful protecting privileged entree and managing integer identities for organizations with precocious information demands.

The institution leverages a robust recurring gross exemplary and serves a diversified endeavor lawsuit basal crossed captious industries.

CyberArk is successful the mediate of a structural displacement from a high-quality information vendor to a scaled individuality information level with operating leverage yet showing up. In the 3rd quarter, full gross climbed 43% twelvemonth implicit twelvemonth to $342.8 million, portion subscription gross jumped 60%, pushing yearly recurring gross to $1.34 billion. More importantlycyb, non-GAAP operating borderline expanded to 19%, up from 15% a twelvemonth ago, showing that maturation is nary longer coming astatine the disbursal of profitability.

That matters successful the discourse of this fund’s broader book. Its apical positions skew toward liquid ETFs and established maturation franchises, which makes CyberArk basal retired arsenic a concentrated single-stock stake tied to endeavor information spending and individuality management. Unlike galore cybersecurity names inactive selling a story, CyberArk is converting request into cash, ending the 4th with astir $2 cardinal successful currency and investments and generating affirmative adjusted escaped currency flow.

At astir 12% of reported assets, this is not a speculative flyer. It looks much similar a condemnation play connected durable ARR growth, rising margins, and the strategical optionality created by the pending Palo Alto Networks transaction. Of course, it's unclear whether the bargain came earlier oregon aft the acquisition's announcement astatine the extremity of July, but the timing surely seems opportune.