As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of International Business Machines: Hudson Bay Capital Management LP, Wolverine Trading LLC, Nomura Holdings Inc., Man Group plc, Hudson Bay Capital Management LP, Group One Trading LLC, Game Creek Capital LP, Cubist Systematic Strategies LLC, BNP Paribas Financial Markets, BTG Pactual Asset Management US LLC, Balyasny Asset Management L.P., Bank of America Corp DE, Jane Street Group LLC, Squarepoint Ops LLC, Alphadyne Asset Management LP, Qube Research & Technologies Ltd, Lombard Odier Asset Management USA Corp, Maven Securities LTD, Bank of Nova Scotia, Capital Markets Trading UK LLP, CMT Capital Markets Trading GmbH, Capula Management Ltd, Walleye Capital LLC, Walleye Trading LLC, Groupe la Francaise, Lido Advisors LLC, Delta Accumulation LLC, Capital Fund Management S.A., Hsbc Holdings PLC, DLD Asset Management LP, Eisler Capital Management Ltd., JPMorgan Chase & Co., Citigroup Inc., Credit Industriel ET Commercial, Wolverine Asset Management LLC, Pasadena Private Wealth LLC, Allianz Asset Management GmbH, Twin Tree Management LP, Credit Industriel ET Commercial, Concurrent Investment Advisors LLC, IMC Chicago LLC, Signaturefd LLC, and Wolfstich Capital LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.