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Arista Networks, Inc.
$181.15 -5.81 (-3.11%) At close · Jul 13
Customer concentration — top customer 26% of revenue

One customer — 26% of revenue (the year ended December 31, 2025)

“Sales to one end customer represented 16%, 15%, and 21% of our total revenue, and sales to the other end customer represented 26%, 20%, and 18% of our total revenue for the years ended December 31, 2025, 2024, and 2023, respectively.”

One customer — 16% of revenue (the year ended December 31, 2025)

“Sales to one end customer represented 16%, 15%, and 21% of our total revenue, and sales to the other end customer represented 26%, 20%, and 18% of our total revenue for the years ended December 31, 2025, 2024, and 2023, respectively.”
View the 10-Q filed May 6, 2026
Market Cap
$228.10B
Shares
1,259,202,593

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

The Jun 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out.
Holders: 2,039
Total Value: $108,726,798,694
Total Shares: 879,470,438
Showing 1–100 of 2,121 holdings by value · page 1 of 22

Institutional Ownership Trend

13 quarters

Superinvestors Holding ANET

All superinvestors →
Ray Dalio $163,308,572 Francois Rochon $51,980,263 Joel Greenblatt $26,635,156 Mario Gabelli $381,600

Holder Concentration

Across 2,014 13F filers
Top Holder
10.6%
Mar 2020 → Mar 2026 · range 10.6% – 100.0%
of institutional value
Top 5
33.1%
Mar 2020 → Mar 2026 · range 32.3% – 100.0%
of institutional value
Top 10
43.9%
Mar 2020 → Mar 2026 · range 43.1% – 100.0%
of institutional value
HHI
302
Mar 2020 → Mar 2026 · range 302 – 10,000
Broadly held
Showing 100 of 2,121
All Common Calls Puts
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Holder Value (USD) % of 13F Shares Open
Mega BlackRock, Inc. $11,284,420,274 10.38% 91,907,642
Mega VANGUARD CAPITAL MANAGEMENT LLC $8,382,215,892 7.71% 68,270,206
Mega FMR LLC $6,422,207,537 5.91% 52,306,626
Mega STATE STREET CORP $5,741,437,254 5.28% 46,761,991
Mega PRICE T ROWE ASSOCIATES INC /MD/ $3,600,151,844 3.31% 29,321,973
Mega GEODE CAPITAL MANAGEMENT, LLC $3,343,210,998 3.07% 27,229,280
Large Cresset Asset Management, LLC $2,540,651,056 2.34% 20,692,711
Mega MORGAN STANLEY $2,272,065,623 2.09% 18,505,177
Mega Capital Research Global Investors $1,812,130,524 1.67% 14,759,167
Mega Nuveen, LLC $1,546,716,874 1.42% 12,597,466
Large Curated Wealth Partners LLC $1,374,576,713 1.26% 8,091,457
Mega UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $1,304,014,697 1.20% 10,620,742
Mega JPMORGAN CHASE & CO $1,291,805,082 1.19% 10,521,299
Mega NORTHERN TRUST CORP Bank $1,245,383,442 1.15% 10,143,211
Mega GOLDMAN SACHS GROUP INC $1,244,011,990 1.14% 10,132,041
Mega AMERIPRISE FINANCIAL INC $1,231,312,364 1.13% 10,028,607
Mega SCHRODER INVESTMENT MANAGEMENT GROUP $1,197,983,240 1.10% 9,757,153
Mega Amundi $1,112,932,308 1.02% 9,064,443
Mega DEUTSCHE BANK AG\ Bank $1,101,231,248 1.01% 8,969,142
Mega ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $1,038,601,545 0.96% 8,459,045
Mega DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Bank $1,022,083,333 0.94% 8,324,510
Mega FRANKLIN RESOURCES INC $988,860,168 0.91% 8,053,919
Mega WELLINGTON MANAGEMENT GROUP LLP $978,619,458 0.90% 7,970,512
Mega AQR CAPITAL MANAGEMENT LLC $976,225,370 0.90% 7,951,013
Mega CHARLES SCHWAB INVESTMENT MANAGEMENT INC $938,792,946 0.86% 7,646,139
Mega Legal & General Group Plc $916,612,247 0.84% 7,465,485
Mega MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $887,444,136 0.82% 7,227,921
Mega Invesco Ltd. $858,715,447 0.79% 6,993,936
Large Point72 Asset Management, L.P. $803,663,979 0.74% 6,545,561
Large Swedbank AB Bank $791,778,506 0.73% 6,448,758
Mega BANK OF AMERICA CORP /DE/ Bank $737,524,352 0.68% 6,006,877
Mega VANGUARD FIDUCIARY TRUST CO Bank $734,967,710 0.68% 5,986,054
Mega STATE FARM MUTUAL AUTOMOBILE INSURANCE CO Insurance $689,928,812 0.63% 5,619,228
Mega UBS Group AG $689,626,648 0.63% 5,616,767
Mega Bank of New York Mellon Corp Bank $667,351,897 0.61% 5,435,347
Mega JANUS HENDERSON GROUP PLC $599,199,917 0.55% 4,880,273
Mega ROYAL BANK OF CANADA Bank $579,600,419 0.53% 4,720,642
Mega WELLS FARGO & COMPANY/MN $559,702,697 0.51% 4,558,582
Mega Clearbridge Investments, LLC $544,804,572 0.50% 4,437,242
Mega FIRST TRUST ADVISORS LP $531,425,481 0.49% 4,328,274
Large Pictet Asset Management Holding SA $520,703,963 0.48% 4,240,951
Mega NORDEA INVESTMENT MANAGEMENT AB $498,990,196 0.46% 4,064,100
Large Robeco Institutional Asset Management B.V. $480,093,619 0.44% 3,910,194
Mega TWO SIGMA INVESTMENTS, LP $461,441,495 0.42% 3,758,279
Mega ENVESTNET ASSET MANAGEMENT INC $395,423,303 0.36% 3,220,584
Large BNP PARIBAS ASSET MANAGEMENT Holding S.A. $386,501,862 0.36% 3,147,922
Mega Swiss National Bank Bank $385,688,814 0.35% 3,141,300
Mega JANE STREET GROUP, LLC $374,614,058 0.34% 3,051,100
Mega National Pension Service Pension $369,750,005 0.34% 3,011,484
Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP $354,244,856 0.33% 2,885,200
Large Assenagon Asset Management S.A. $351,933,770 0.32% 2,071,661
Mega HSBC HOLDINGS PLC $349,017,368 0.32% 2,842,624
Mid DSM CAPITAL PARTNERS LLC $329,872,289 0.30% 2,686,694
Large VOYA INVESTMENT MANAGEMENT LLC $325,521,333 0.30% 2,651,257
Large APG Asset Management N.V. $310,954,224 0.29% 2,532,613
Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP $298,355,400 0.27% 2,430,000
Mega T. Rowe Price Investment Management, Inc. $296,068,376 0.27% 2,411,373
Mega Mitsubishi UFJ Asset Management Co., Ltd. $291,279,343 0.27% 2,372,368
Mega Sumitomo Mitsui Trust Group, Inc. $285,462,517 0.26% 2,324,992
Mid BRISTOL JOHN W & CO INC /NY/ $281,468,361 0.26% 2,292,461
Mega Vanguard Global Advisers, LLC $277,344,058 0.26% 2,258,870
Large Polar Capital Holdings Plc $273,918,373 0.25% 2,230,969
Mega BARCLAYS PLC $270,753,718 0.25% 2,205,194
Mega CANADA PENSION PLAN INVESTMENT BOARD Pension $265,475,161 0.24% 2,162,202
Mega California Public Employees Retirement System Pension $263,765,818 0.24% 2,148,280
Mega DIMENSIONAL FUND ADVISORS LP $262,188,707 0.24% 2,135,435
Large ACADIAN ASSET MANAGEMENT LLC $258,193,202 0.24% 2,102,893
Mega BNP PARIBAS ARBITRAGE, SA $255,114,616 0.23% 2,077,819
Large Winslow Capital Management, LLC $253,579,006 0.23% 2,065,312
Mega TD Asset Management Inc $242,828,881 0.22% 1,977,756
Mid CAPITAL COUNSEL LLC/NY $242,714,696 0.22% 1,976,826
Large Man Group plc $236,147,561 0.22% 1,923,339
Large Caisse de depot et placement du Quebec $234,715,333 0.22% 1,911,674
Large Allianz Asset Management GmbH $230,630,072 0.21% 1,878,401
Large Allspring Global Investments Holdings, LLC $228,103,384 0.21% 1,857,822
Mid DISCIPLINED GROWTH INVESTORS INC /MN $222,353,720 0.20% 1,810,993
Mega VANGUARD ASSET MANAGEMENT, Ltd $220,427,916 0.20% 1,795,308
Mega RHUMBLINE ADVISERS $218,569,272 0.20% 1,780,170
Large NATIXIS ADVISORS, LLC $218,277,301 0.20% 1,777,792
Large Russell Investments Group, Ltd. $207,753,572 0.19% 1,692,080
Large CONGRESS ASSET MANAGEMENT CO $199,881,827 0.18% 1,176,606
Mega JANE STREET GROUP, LLC $197,233,792 0.18% 1,606,400
Large Handelsbanken Fonder AB $196,709,827 0.18% 1,157,934
Mega CITADEL ADVISORS LLC $195,613,096 0.18% 1,593,200
Large CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM Pension $195,382,024 0.18% 1,591,318
Large TCW GROUP INC $193,410,912 0.18% 1,575,264
Large 1832 Asset Management L.P. $191,922,697 0.18% 1,563,143
Large Thrivent Financial for Lutherans $191,667,191 0.18% 1,561,062
Mega PRINCIPAL FINANCIAL GROUP INC $187,378,731 0.17% 1,526,134
Large LOS ANGELES CAPITAL MANAGEMENT LLC $186,179,663 0.17% 1,516,368
Mega CITIGROUP INC $181,280,739 0.17% 1,476,468
Mega ALLIANCEBERNSTEIN L.P. $177,885,996 0.16% 1,448,819
Mega AMERICAN CENTURY COMPANIES INC $176,913,088 0.16% 1,440,895
Mega LPL Financial LLC $174,328,691 0.16% 1,419,846
Large PANAGORA ASSET MANAGEMENT INC $174,271,353 0.16% 1,419,379
Large Rockefeller Capital Management L.P. $171,256,979 0.16% 1,394,828
Mega RAYMOND JAMES FINANCIAL INC $168,900,340 0.16% 1,375,634
Large JONES FINANCIAL COMPANIES LLLP $168,100,921 0.15% 1,369,123
Large Life Cycle Investment Partners Ltd $166,294,214 0.15% 1,354,408
Mega CITADEL ADVISORS LLC $165,114,544 0.15% 1,344,800
Key facts CIK 1596532 CUSIP 040413205 13F (30d) 192 filings 188 filers Visit website Investor relations

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