Veeva Systems Inc.
US ˙ NYSE ˙ US9224751084

SecurityVEEV / Veeva Systems Inc.
InstitutionTwo Sigma Advisers, Lp
Latest Disclosed Ownership216,160 shares
Latest Disclosed Value $ 48,253,397
Two Sigma Advisers, Lp reports 46.23% decrease in ownership of VEEV / Veeva Systems Inc.

On February 17, 2026 - Two Sigma Advisers, Lp filed a 13F-HR form disclosing ownership of 216,160 shares of Veeva Systems Inc. (US:VEEV) valued at $48,253,397 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 402,000 shares of Veeva Systems Inc.. This represents a change in shares of -46.23% during the quarter. The current value of the position is $37,311,378 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)
2026-02-17 2025-12-31 13F VEEVA SYS CL A COM 922475108 216,160 -185,840 -46.23 48,253 -59.71 0.0938
2025-11-14 2025-09-30 13F VEEVA SYS CL A COM 922475108 402,000 -399,000 -49.81 119,760 -48.08 0.2397
2025-08-14 2025-06-30 13F VEEVA SYS CL A COM 922475108 801,000 166,800 26.30 230,672 57.03 0.4727
2025-05-15 2025-03-31 13F VEEVA SYS CL A COM 922475108 634,200 114,800 22.10 146,900 34.52 0.3307
2025-02-14 2024-12-31 13F VEEVA SYS CL A COM 922475108 519,400 183,400 54.58 109,204 54.86 0.2527
2024-11-14 2024-09-30 13F VEEVA SYS CL A COM 922475108 336,000 190,400 130.77 70,516 164.64 0.1652
2024-08-14 2024-06-30 13F VEEVA SYS CL A COM 922475108 145,600 -31,700 -17.88 26,646 -35.13 0.0594
2024-05-15 2024-03-31 13F VEEVA SYS CL A COM 922475108 177,300 33,800 23.55 41,079 48.69 0.0952
2024-02-14 2023-12-31 13F VEEVA SYS CL A COM 922475108 143,500 -59,500 -29.31 27,627 -33.11 0.0647
2023-11-14 2023-09-30 13F VEEVA SYS CL A COM 922475108 203,000 -128,900 -38.84 41,300 -37.07 0.1058
2023-08-14 2023-06-30 13F VEEVA SYS CL A COM 922475108 331,900 -162,500 -32.87 65,627 -27.78 0.1671
2023-05-15 2023-03-31 13F VEEVA SYS CL A COM 922475108 494,400 -46,000 -8.51 90,866 4.19 0.2343
2023-02-14 2022-12-31 13F VEEVA SYS CL A COM 922475108 540,400 93,200 20.84 87,210 18.28 0.2435
2022-11-14 2022-09-30 13F VEEVA SYS CL A COM 922475108 447,200 -202,500 -31.17 73,734 -42.69 0.2135
2022-08-15 2022-06-30 13F VEEVA SYS CL A COM 922475108 649,700 182,300 39.00 128,667 29.57 0.3650
2022-05-16 2022-03-31 13F VEEVA SYS CL A COM 922475108 467,400 53,700 12.98 99,304 -6.04 0.2640
2022-02-14 2021-12-31 13F VEEVA SYS CL A COM 922475108 413,700 167,400 67.97 105,692 48.91 0.2647
2021-11-15 2021-09-30 13F VEEVA SYS CL A COM 922475108 246,300 27,900 12.77 70,976 4.51 0.1840
2021-08-16 2021-06-30 13F VEEVA SYS CL A COM 922475108 218,400 7,400 3.51 67,911 23.20 0.1791
2021-05-17 2021-03-31 13F VEEVA SYS CL A COM 922475108 211,000 27,600 15.05 55,122 10.40 0.1514
2021-02-16 2020-12-31 13F VEEVA SYS CL A COM 922475108 183,400 28,800 18.63 49,931 14.86 0.1334
2020-11-16 2020-09-30 13F VEEVA SYS CL A COM 922475108 154,600 -4,900 -3.07 43,472 16.27 0.1242
2020-09-15 2020-06-30 13F/A-1 VEEVA SYS CL A COM 922475108 159,500 6,600 4.32 37,390 56.38 0.1099
2020-08-14 2020-06-30 13F VEEVA SYS CL A COM 922475108 159,500 6,600 37,390 108,044.6822
2020-05-15 2020-03-31 13F VEEVA SYS CL A COM 922475108 152,900 -643,000 -80.79 23,909 -78.64 0.0915
2020-02-14 2019-12-31 13F VEEVA SYS CL A COM 922475108 795,900 -615,300 -43.60 111,951 -48.04 0.2598
2019-11-14 2019-09-30 13F VEEVA SYS CL A COM 922475108 1,411,200 612,200 76.62 215,476 66.36 0.5274
2019-08-14 2019-06-30 13F VEEVA SYS CL A COM 922475108 799,000 390,900 95.79 129,526 150.19 0.3224
2019-05-15 2019-03-31 13F VEEVA SYS CL A COM 922475108 408,100 -628,800 -60.64 51,772 -44.10 0.1305
2019-02-14 2018-12-31 13F VEEVA SYS CL A COM 922475108 1,036,900 372,700 56.11 92,616 28.08 0.2529
2018-11-14 2018-09-30 13F VEEVA SYS CL A COM 922475108 664,200 436,500 191.70 72,311 313.18 0.1765
2018-08-14 2018-06-30 13F VEEVA SYS CL A COM 922475108 227,700 117,100 105.88 17,501 116.70 0.0471
2018-05-15 2018-03-31 13F VEEVA SYS CL A COM 922475108 110,600 -34,500 -23.78 8,076 0.69 0.0219
2018-02-14 2017-12-31 13F VEEVA SYS CL A COM 922475108 145,100 -21,400 -12.85 8,021 -14.60 0.0216
2017-11-14 2017-09-30 13F VEEVA SYS CL A COM 922475108 166,500 81,800 96.58 9,392 80.86 0.0266
2017-08-14 2017-06-30 13F VEEVA SYS CL A COM 922475108 84,700 49,900 143.39 5,193 190.92 0.0171
2017-05-15 2017-03-31 13F VEEVA SYS CL A COM 922475108 34,800 -140,000 -80.09 1,785 -74.91 0.0059
2017-02-14 2016-12-31 13F VEEVA SYS CL A COM 922475108 174,800 -272,800 -60.95 7,114 -61.50 0.0272
2016-11-14 2016-09-30 13F VEEVA SYS CL A COM 922475108 447,600 64,500 16.84 18,477 41.36 0.0787
2016-08-15 2016-06-30 13F VEEVA SYS CL A COM 922475108 383,100 370,100 2,846.92 13,071 3,909.51 0.0664
2016-05-16 2016-03-31 13F VEEVA SYS CL A COM 922475108 13,000 -600 -4.41 326 -16.84 0.0018
2016-02-16 2015-12-31 13F VEEVA SYS CL A COM 922475108 13,600 -90,100 -86.89 392 -83.86 0.0023
2015-11-16 2015-09-30 13F VEEVA SYS CL A COM 922475108 103,700 -197,100 -65.53 2,428 -71.20 0.0153
2016-02-09 2015-06-30 13F/A-1 VEEVA SYS COMMON STOCK 922475108 300,800 54,300 22.03 8,431 33.97 0.0649
2015-08-14 2015-06-30 13F VEEVA SYSTEMS INC COMMON STOCK 922475108 297,400 8,326
2016-02-09 2015-03-31 13F/A-2 VEEVA SYS CL A COM 922475108 246,500 -25,500 -9.38 6,293 -12.40 1.0910
2016-02-09 2014-12-31 13F/A-1 VEEVA SYSTEMS INC COMMON STOCK 922475108 272,000 251,800 1,246.53 7,184 1,162.57 0.0574
2015-02-17 2014-12-31 13F VEEVA SYSTEMS INC COMMON STOCK 922475108 264,500 7,006
2016-02-09 2014-09-30 13F/A-1 VEEVA SYS CL A COM 922475108 20,200 20,200 569 0.0045
2014-11-14 2014-09-30 13F VEEVA SYS CL A COM 922475108 19,800 558 0.0044
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.