As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of International Business Machines: SG Americas Securities LLC, BNP Paribas Financial Markets, Concourse Financial Group Securities Inc., Caas Capital Management LP, Oak Hill Wealth Advisors LLC, Simplex Trading LLC, Portman Square Capital LLP, IMC Chicago LLC, Capital CS Group LLC, Nomura Holdings Inc., Readystate Asset Management LP, Bluefin Capital Management LLC, Parallax Volatility Advisers L.P., BlueCrest Capital Management Ltd, Citadel Advisors LLC, CMT Capital Markets Trading GmbH, PEAK6 Investments LLC, Eisler Capital US LLC, Eisler Capital UK Ltd., Bank of Nova Scotia, Capstone Investment Advisors LLC, Allianz Asset Management GmbH, Hsbc Holdings PLC, Mendel Money Management, IMC Chicago LLC, One River Asset Management LLC, Wells Fargo & Company MN, and UBS Group AG. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.