13FPulse
中
AN

ANET ARISTA NETWORKS INC

2026Q2 · CUSIP 040413205 · Networking · Sector: Technology

Piling in

Net holder growth ranks near the top of the market

Funds that own it
2,199
Institutions that reported holding it to the SEC
Net increase in holders
+191
Last quarter 2,008 → now 2,199
How unusual is that
Top 1% in the market
Stronger buying than 99.3% of US stocks
What the filings say, in one paragraph

2,199 funds held ANET at the end of 2026Q2, up 191 from the quarter before. That is stronger buying than 99.3% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $10.5B(YoY +32.6%), the P/E is 59.9x, return on equity is 27.3%. ANET has had 7 buying rushes in its history, and the price moved +18.1% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Technology sector, tagged Networking.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2016Q4: holders=1 2017Q1: holders=1 2017Q2: holders=1 2018Q1: holders=1 2018Q2: holders=1 2018Q3: holders=2 2018Q4: holders=1 2019Q1: holders=1 2019Q3: holders=1 2019Q4: holders=1 2020Q1: holders=2 2020Q2: holders=1 2020Q3: holders=2 2020Q4: holders=2 2021Q1: holders=2 2021Q2: holders=1 2021Q3: holders=1 2021Q4: holders=1 2022Q1: holders=1 2022Q2: holders=1 2022Q3: holders=1 2022Q4: holders=1 2023Q1: holders=1 2023Q2: holders=1 2023Q3: holders=2 2023Q4: holders=2 2024Q1: holders=1 2024Q2: holders=1 2024Q3: holders=1 2024Q4: holders=1507 2025Q1: holders=1556 2025Q2: holders=1651 2025Q3: holders=1871 2025Q4: holders=1977 2026Q1: holders=2008 2026Q2: holders=2199 -1506 -753 +0 +753 +1506 011552309 16Q418Q219Q320Q321Q322Q323Q324Q325Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 7 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 1% in the market — —
2026Q1 Top 10% — —
2025Q4 Top 5% +2.4% —
2025Q3 Top 1% in the market +7.8% +10.4%
2025Q2 Top 5% -4.8% +1.1%
2025Q1 Top 5% +37.3% +31.6%
2024Q4 Top 1% in the market -9.8% +29.2%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
373
Change in large funds
+36
Total value they hold
$153.2B
Funds buying for the first time
375
Funds that sold out entirely
184
Price change that quarter
+33.6%
Funds holding puts (bearish)
51
Funds holding calls (bullish)
52

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
59.9
EPS (TTM)
$3.16
EPS YoY
+23.9%
Revenue (TTM)
$10.5B
Revenue YoY
+32.6%
Net margin
38.4%
ROE
27.3%
Debt ratio
37.6%
FCF (TTM)
—
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-09-30: EPS 0.17 2021-12-31: EPS 0.18 2022-03-31: EPS 0.21 2022-06-30: EPS 0.23 2022-09-30: EPS 0.28 2022-12-31: EPS 0.34 2023-03-31: EPS 0.34 2023-06-30: EPS 0.39 2023-09-30: EPS 0.43 2023-12-31: EPS 0.49 2024-03-31: EPS 0.50 2024-06-30: EPS 0.52 2024-09-30: EPS 0.58 2024-12-31: EPS 0.63 2025-03-31: EPS 0.64 2025-06-30: EPS 0.70 2025-09-30: EPS 0.67 2025-12-31: EPS 0.74 2026-03-31: EPS 0.80 2026-06-30: EPS 0.95 0B 1.5B 3.0B $B 0.00 0.52 1.05 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 44 26 46 66 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-123M758M1.6B 20162017201820192020202120222023202420252026
Latest quarter $1.6B (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.