Sapiens International Corp N V (SPNS)

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Institutional Investors' Holdings

Filing Period: Filing is Ongoing

No.	Name	Shares	Value	% Port
1.	Blackrock, Inc.	1,659,785	$44,963,576	0%
2.	Rhumbline Advisers	264,065	$7,153,510	0.01%
3.	Bank Of New York Mellon Corp	152,268	$4,124,951	0%
4.	Confluence Investment Management Llc	104,701	$2,836,350	0.04%
5.	Schwartz Investment Counsel Inc	74,052	$2,006,069	0.07%