Arista Networks, Inc. (ANET): Q2 2026 13F — more filers, higher aggregate reported value, and large Vanguard-affiliated / State Street / Geode dollar moves
You are looking at Arista Networks, Inc. — telecommunications name listed on NYSE as ANET. Below is a read of the latest Form 13F tape (period of report 2026-06-30, Q2 2026) versus the prior quarter (2026-03-31, Q1 2026), plus a short company overview.
Arista Networks, Inc. / ARISTA NETWORKS INC
What changed in Q2 2026?
Last quarter = Q2 2026 (period of report 2026-06-30) versus prior Q1 2026 (2026-03-31). Figures are reported 13F values (USD) as filed — delayed snapshots, not live prices.
Here is the story in one breath: more 13F filers (2,237 vs 1,981), and the aggregate reported 13F value rose (about $145.05B from about $88.62B). Total disclosed shares also moved to about 889,729,750 from about 770,356,007. Hedge-style* holders numbered 14 in Q2 2026 versus 16 in Q1 2026. On the full 13F tape, 410 managers entered and 154 exited (hedge-style* enter/exit: 2 / 4).
Status mix across the QoQ tape (2,391 manager rows including exits): 410 ENTERED, 154 EXITED, 929 INCREASED, 717 DECREASED, 181 UNCHANGED.
Reporting-entity note: several Vanguard-affiliated names appear as ENTERED under new CIKs in Q2 2026 (for example VANGUARD CAPITAL MANAGEMENT LLC ($11.67B), VANGUARD PORTFOLIO MANAGEMENT LLC ($4.38B), VANGUARD FIDUCIARY TRUST CO ($1.01B), Vanguard Global Advisers, LLC ($378.58M)). That is a 13F filer / CIK event in this tape — not automatically the same thing as “Vanguard never owned ANET before.” Read it as new reporting entities showing up for this CUSIP in the QoQ join.
Who holds ANET now?
Largest Q2 2026 13F holders by reported position value (top 18 of 2,237). Block size ≈ reported value. Click a name for the fund page.
Fund activity — Q1 2026 → Q2 2026
Top increases and decreases by change in % of the manager’s reported AUM, shown as treemap-style cards. Dollar heatmaps follow.
Top funds increasing % AUM
Largest positive Δ %AUM (entries + any adds).
Top funds decreasing % AUM
Largest negative Δ %AUM (cuts + exits).
Top $ increases (reported value)
Top $ decreases (reported value)
Funds entering & exiting
New fund appearances (ENTERED) and disappearances (EXITED) on the QoQ 13F tape — all filers vs hedge-style* only. Counts are status rows from the QoQ join across the full Form 13F filer set for this CUSIP/ticker — not live flow.
Key Q2 2026 movers (by |Δ reported value|)
The largest absolute dollar increase is VANGUARD CAPITAL MANAGEMENT LLC (status ENTERED, Δ about $11.67B) — accession 0002100119-26-001527. On the downside, the largest absolute dollar decrease is Amundi (EXITED, Δ about -$1.11B).
Classic 13F reminder: BlackRock, Inc. cut shares (91,907,642 → 91,383,843) but still shows a higher reported value ($11.28B → $15.52B) — share cuts and dollar increases can sit in the same row when the filing-period price jumps.
Largest Q2 2026 ENTERED names by reported value include: VANGUARD CAPITAL MANAGEMENT LLC ($11.67B), VANGUARD PORTFOLIO MANAGEMENT L… ($4.38B), NORGES BANK ($2.08B), Jupiter Topco LLC ($1.10B), VANGUARD FIDUCIARY TRUST CO ($1.01B).
Largest EXITED names by prior reported value include: Amundi (prior $1.11B), JANUS HENDERSON GROUP PLC (prior $599.20M), HighTower Advisors, LLC (prior $78.25M), Susquehanna Portfolio Strategie… (prior $54.30M), VOLORIDGE INVESTMENT MANAGEMENT… (prior $41.29M).
Top QoQ activity rows (by |Δ value|)
Showing 50 of 2,391 QoQ manager rows — sorted by absolute change in reported value.
| Manager | Status | Shares Q1 | Shares Q2 | Value Q1 | Value Q2 | Δ Value | SEC |
|---|---|---|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | ENTERED | — | 68,688,349 | — | $11.67B | $11.67B | SEC |
| VANGUARD PORTFOLIO MANAGEMENT LLC | ENTERED | — | 25,808,745 | — | $4.38B | $4.38B | SEC |
| BlackRock, Inc. | DECREASED | 91,907,642 | 91,383,843 | $11.28B | $15.52B | $4.24B | SEC |
| STATE STREET CORP | INCREASED | 46,761,991 | 48,165,803 | $5.74B | $8.18B | $2.44B | SEC |
| NORGES BANK | ENTERED | — | 12,246,920 | — | $2.08B | $2.08B | SEC |
| FMR LLC | DECREASED | 52,306,626 | 47,349,865 | $6.42B | $8.04B | $1.62B | SEC |
| PeakShares LLC | INCREASED | 8,385 | 9,262 | $1.03M | $1.57B | $1.57B | SEC |
| GEODE CAPITAL MANAGEMENT, LLC | INCREASED | 27,229,280 | 27,505,753 | $3.34B | $4.66B | $1.32B | SEC |
| Amundi | EXITED | 9,064,443 | — | $1.11B | — | -$1.11B | SEC |
| Jupiter Topco LLC | ENTERED | — | 6,485,473 | — | $1.10B | $1.10B | SEC |
| MORGAN STANLEY | INCREASED | 18,505,177 | 19,696,435 | $2.27B | $3.35B | $1.07B | SEC |
| VANGUARD FIDUCIARY TRUST CO | ENTERED | — | 5,966,446 | — | $1.01B | $1.01B | SEC |
| AMERIPRISE FINANCIAL INC | INCREASED | 10,028,607 | 12,800,606 | $1.23B | $2.17B | $947.23M | SEC |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | INCREASED | 7,227,921 | 9,725,196 | $926.94M | $1.71B | $785.85M | SEC |
| Cresset Asset Management, LLC | DECREASED | 20,692,711 | 19,368,054 | $2.54B | $3.29B | $749.59M | SEC |
| JPMORGAN CHASE & CO | INCREASED | 10,521,299 | 11,715,728 | $1.22B | $1.92B | $700.71M | SEC |
| FRANKLIN RESOURCES INC | INCREASED | 8,053,919 | 9,928,605 | $988.86M | $1.69B | $697.81M | SEC |
| Capital World Investors | ENTERED | — | 3,707,143 | — | $629.77M | $629.77M | SEC |
| JANUS HENDERSON GROUP PLC | EXITED | 4,880,273 | — | $599.20M | — | -$599.20M | SEC |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | DECREASED | 8,324,510 | 2,769,148 | $1.02B | $470.42M | -$551.66M | SEC |
| Alyeska Investment Group, L.P. | ENTERED | — | 3,165,387 | — | $537.74M | $537.74M | SEC |
| SCHRODER INVESTMENT MANAGEMENT GROUP | DECREASED | 9,757,153 | 9,622,283 | $1.13B | $1.63B | $501.54M | SEC |
| DEUTSCHE BANK AG\ | INCREASED | 8,969,142 | 9,357,496 | $1.10B | $1.59B | $488.42M | SEC |
| NORTHERN TRUST CORP | DECREASED | 10,143,211 | 10,139,095 | $1.25B | $1.72B | $477.05M | SEC |
| Clearbridge Investments, LLC | INCREASED | 4,437,242 | 6,007,707 | $544.80M | $1.02B | $475.78M | SEC |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | DECREASED | 10,620,742 | 10,462,016 | $1.30B | $1.78B | $473.27M | SEC |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | INCREASED | 7,646,139 | 8,233,091 | $938.79M | $1.40B | $459.84M | SEC |
| WELLINGTON MANAGEMENT GROUP LLP | INCREASED | 7,970,512 | 8,440,963 | $978.62M | $1.43B | $455.33M | SEC |
| Capital Research Global Investors | DECREASED | 14,759,167 | 13,164,137 | $1.81B | $2.24B | $424.20M | SEC |
| GOLDMAN SACHS GROUP INC | DECREASED | 10,132,041 | 9,640,843 | $1.24B | $1.64B | $393.77M | SEC |
| CITADEL ADVISORS LLC | INCREASED | 527,148 | 2,698,477 | $64.72M | $458.42M | $393.69M | SEC |
| UBS Group AG | INCREASED | 5,616,767 | 6,300,948 | $689.63M | $1.07B | $380.78M | SEC |
| Vanguard Global Advisers, LLC | ENTERED | — | 2,228,503 | — | $378.58M | $378.58M | SEC |
| BANK OF AMERICA CORP /DE/ | INCREASED | 6,006,877 | 6,545,078 | $737.52M | $1.11B | $374.35M | SEC |
| VANGUARD ASSET MANAGEMENT, Ltd | ENTERED | — | 2,035,118 | — | $345.73M | $345.73M | SEC |
| Winslow Capital Management, LLC | INCREASED | 2,065,312 | 3,484,991 | $253.58M | $592.03M | $338.45M | SEC |
| BROWN ADVISORY INC | INCREASED | 23,297 | 1,839,602 | $2.86M | $312.51M | $309.65M | SEC |
| TWO SIGMA INVESTMENTS, LP | DECREASED | 3,758,279 | 955,255 | $461.44M | $162.28M | -$299.16M | SEC |
| Legal & General Group Plc | DECREASED | 7,465,485 | 7,051,432 | $916.61M | $1.20B | $281.29M | SEC |
| Swedbank AB | DECREASED | 6,448,758 | 6,315,009 | $791.78M | $1.07B | $281.02M | SEC |
| Nuveen, LLC | DECREASED | 12,597,466 | 10,735,597 | $1.55B | $1.82B | $277.05M | SEC |
| Pictet Asset Management Holding SA | INCREASED | 4,240,951 | 4,658,879 | $520.17M | $791.06M | $270.89M | SEC |
| ROYAL BANK OF CANADA | INCREASED | 4,720,642 | 5,005,585 | $579.60M | $850.35M | $270.75M | SEC |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | UNCHANGED | 5,619,228 | 5,619,228 | $689.93M | $954.59M | $264.67M | SEC |
| WELLS FARGO & COMPANY/MN | INCREASED | 4,558,582 | 4,799,030 | $559.70M | $815.26M | $255.56M | SEC |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | DECREASED | 8,459,045 | 7,615,964 | $1.04B | $1.29B | $255.20M | SEC |
| Capital International Investors | ENTERED | — | 1,471,591 | — | $249.99M | $249.99M | SEC |
| FIRST TRUST ADVISORS LP | INCREASED | 4,328,274 | 4,591,762 | $531.43M | $780.05M | $248.62M | SEC |
| Bank of New York Mellon Corp | DECREASED | 5,435,347 | 5,363,860 | $667.35M | $911.21M | $243.86M | SEC |
| FIL Ltd | INCREASED | 678,639 | 1,853,987 | $83.32M | $314.96M | $231.63M | SEC |
Company AI overview — Arista Networks, Inc.
Arista Networks, Inc. builds data-driven, client-to-cloud networking platforms for large AI, data center, campus, and routing environments. Corporate HQ / R&D: 5453 Great America Parkway, Santa Clara, California 95054. Common stock trades on the NYSE as ANET. Sources: arista.com/company/contact-us; investors.arista.com; SEC CIK 0001596532.
Short history / footprint. Arista is known for its Extensible Operating System (EOS) stack and Ethernet switching/routing platforms used by cloud, enterprise, and AI-infrastructure customers. Company materials emphasize availability, automation, analytics, and security across data-center and campus networks.
Business model & revenue streams. Revenue splits into product (switches/routers and related hardware platforms) and service (support, software/subscriptions, and related offerings). Mix in recent results has been product-led with a growing services line. Customers are often large cloud / AI / enterprise buyers with multi-quarter deployment cycles.
Competition. Other major networking OEMs and white-box / merchant-silicon ecosystems compete for data-center, AI-fabric, campus, and routing spend. Differentiation usually comes down to software (EOS), optics / silicon roadmaps, automation tooling, and scale references.
Moat (humble take). Software consistency, installed base, and customer qualifications can be sticky. Capex cycles, component supply, pricing, and hyperscaler concentration still matter.
Challenges & opportunities. Challenges include supply-chain / merchant-silicon dependence, tariff and export rules, and intense competition. Opportunities in 2026 company commentary center on AI fabrics (including 1.6 Tbps platforms), campus LAN momentum, and broad client-to-cloud networking demand.
Recent update (company / SEC). On 4 Aug 2026, Arista reported Q2 2026 results: revenue $3.036B (+12.1% QoQ, +37.7% YoY) — its first $3B+ revenue quarter — with GAAP diluted EPS $0.95 and non-GAAP diluted EPS $1.02. Q3 2026 outlook cited revenue of about $3.3B. Sources: SEC exhibit ex991q226-earningsrelease.htm; investors.arista.com. The TradingView financials widget above is a convenience snapshot, not a substitute for the filing.
Q2 2026 accession sample (largest holders)
SEC index links for accessions tied to the largest Q2 2026 reported positions. Filing dates live on each EDGAR index page.
| Accession | Manager | CIK | Type |
|---|---|---|---|
| 0002012383-26-003238 | BlackRock, Inc. | 2012383 | 13F-HR |
| 0002100119-26-001527 | VANGUARD CAPITAL MANAGEMENT LLC | 2100119 | 13F-HR |
| 0000093751-26-000507 | STATE STREET CORP | 93751 | 13F-HR |
| 0000315066-26-002260 | FMR LLC | 315066 | 13F-HR |
| 0001214717-26-000008 | GEODE CAPITAL MANAGEMENT, LLC | 1214717 | 13F-HR |
| 0002100121-26-001018 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2100121 | 13F-HR |
| 0000895421-26-000243 | MORGAN STANLEY | 895421 | 13F-HR |
| 0001172661-26-003461 | Cresset Asset Management, LLC | 1761013 | 13F-HR |
| 0001422848-26-000094 | Capital Research Global Investors | 1422848 | 13F-HR |
| 0001193125-26-351426 | AMERIPRISE FINANCIAL INC | 820027 | 13F-HR |
| 0001374170-26-000069 | NORGES BANK | 1374170 | 13F-HR |
| 0000019617-26-000325 | JPMORGAN CHASE & CO | 19617 | 13F-HR |
| 0000930413-26-002447 | Nuveen, LLC | 1871926 | 13F-HR |
| 0000861177-26-000004 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 861177 | 13F-HR |
| 0000073124-26-000053 | NORTHERN TRUST CORP | 73124 | 13F-HR |
Sources & provenance
- Company site: https://www.arista.com/
- Investor relations: https://investors.arista.com/
- About / overview: https://www.arista.com/en/company/about-arista
- Form 13F holdings for period of report 2026-06-30 and 2026-03-31 — individual SEC accession index links in the tables above (EDGAR pattern
https://www.sec.gov/Archives/edgar/data/{cik_from_accession}/{accession_nodash}/{accession}-index.htm). - QuantyFight stock page: https://quantyfight.com/stocks/ANET
- Market-cap context on this page ≈ $151.8B from holdings metadata (rounded).
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