§ COMMUNICATIONS
USD · Communications

CSCO

CISCO SYSTEMS INC
· USDSector · CommunicationsMarket cap · $312120.31TBeta · 0.85
LAST · MARKET CLOSE
112.69
−4.32 ▼ 3.69%PREV CLOSE · $117.01
§ 01 · PRICE
Price action
1D5D1M6MYTD1YMAX
OPEN 117.03HIGH 117.14LOW 111.90VOL 0AVG VOL 52W 52.11 — 88.19
EVENTSJUN 11 · PM SELL1D · AC · HOLD
§ 02 · AC TAKE
Where we stand
HOLDLAST UPDATED 1D

Cisco's ownership profile tells a fairly conventional story for a mature large-cap tech name.

What's notably absent is almost any activist presence (0.0%) and very little growth or momentum money (0.1% each). Deep value funds are also basically nonexistent at 0.1%. That combination suggests the market views Cisco as neither a turnaround candidate nor a high-growth story — it's sitting firmly in the "steady compounder" camp in investors' minds, which at a P/E of 28.2 prices in moderate expectations rather than excitement. The institutional pressure score of essentially zero (0.00) and a neutral market regime reading (0.01) reinforce that there's no strong directional thesis being expressed by the institutional base right now. A few important caveats: the 13F ownership data used to construct behavioral breakdowns is filed quarterly and can be 45 to 90 days stale by the time it's public, meaning any recent repositioning won't be visible here. The market cap figure in the source data also appears corrupted, so treat any valuation context loosely. None of this is predictive — ownership snapshots describe where money has been, not where it's headed.

CONVICTION
73/100
TIME HORIZON
6M
Read the full note →

§ 03 · SIGNAL STACK · WHAT THE INPUTS SAY

13F FLOW
3129 increased/new, 1832 decreased/exited (13F)
AC 13F Analysis
INSIDER
7 txns · 90d
SHORT INT
FINRA · bi-monthly
OPTIONS SKEW
CBOE · 30d
ANALYST
23 buy, 9 hold, 0 sell
Finnhub
CROWDING
Ownership percentile

§ 04 · FUNDAMENTALS · THE BOOKS

P/E28.2P/S
EV/EBITDAP/B5.74
Revenue (TTM)Rev YoY
Gross marginOp margin
Net incomeFCF
CashDebt
Dividend2.10%Buybacks 1Y
AC INTELLIGENCE

Cisco's ownership profile tells a fairly conventional story for a mature large-cap tech name. Passive index funds dominate at 27.5%, which is more or less expected given Cisco's long tenure in major indices — that chunk of ownership isn't going anywhere based on conviction, it's just tracking. The more interesting signal is the 12.2% held by quality compounder-style institutions, the type of long-duration holders who care about returns on capital and durable competitive moats. That's a meaningful vote of confidence in Cisco's ability to generate steady cash flows, particularly as it pushes further into software and subscription-based networking revenue. Income and defensive-oriented holders add another 1.7%, consistent with Cisco's reputation as a reliable dividend payer.

§ 05 · WHO OWNS IT
Top institutional holders
All holders →
FundShares% portΔ Q/Q
Vanguard Group359.2M0.4%
State Street195.5M0.5%
BlackRock, Inc.144.0M0.2%+804%
Geode Capital Management87.6M0.4%+671%
BlackRock, Inc.83.1M0.1%+421%
Charles Schwab Investment Mgmt70.2M0.8%−8%
AC INTELLIGENCE

Top institutional owners for CSCO as of the most recent 13F window (Dec 2025). Δ Q/Q reflects share-count change vs. the prior filing — positive green means adding, negative red means trimming. Cross-reference with the ownership-mix bars below to see which strategy cohort is driving the flow.

§ 06 · WHO OWNS IT · BY STRATEGY

OTHER20.0% · 0 holders
PASSIVE / INDEX27.5% · 11 holders
OTHER24.6% · 3,495 holders
QUALITY / COMPOUNDER12.2% · 45 holders
DEALER / BANK12.1% · 38 holders
INCOME / DEFENSIVE1.7% · 27 holders
SYSTEMATIC / QUANT1.0% · 13 holders
TACTICAL / MACRO0.7% · 5 holders
DEEP VALUE0.1% · 5 holders
GROWTH / MOMENTUM0.1% · 2 holders
ACTIVIST0.0% · 1 holder
AC INTELLIGENCE

Ownership mix by behavioral cohort. Top bars indicate which style of capital dominates the float — passive indexing, quality compounders, dealer/bank, systematic quant, etc. Big quality-compounder share means concentrated active conviction; heavy passive share means flows are dictated by index rebalances, not fundamentals.

§ 07 · INSIDER ACTIVITY · LAST 180 DAYS

DateInsiderRoleActionShares$ value
JUN 11Patterson MarkSELL178K−$0
JUN 11Tuszik OliverSELL173K−$0
MAY 27Robbins CharlesSELL637K−$0
MAY 19Patterson MarkSELL191K−$0
MAY 19Patel Jeetendra ISELL247K−$0
MAY 19Tuszik OliverSELL181K−$0
AC INTELLIGENCE

0 insider buys, 7 sells in the last 180 days. Scheduled 10b5-1 sales are pre-programmed and neutral; discretionary clusters are the tape worth reading. Cross-reference with the signal stack above for context.

§ 08 · COVERAGE · OUR RECENT NOTES

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