Vault-13

CONFLUENT INC CFLT 0 01.15.27

NOTE 1/1 · US DOMESTIC · CUSIP 20717MAB9

47 institutional holders -2 vs Q1 2025
22,807,53922.8m shares reported held*
$1.0bnreported value*
3 new 15 added 14 reduced 4 sold out net sold ≈ $111.7m (+5.8m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($484.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $45.95.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q4 22: 44Q1 23: 47Q2 23: 50Q3 23: 48Q4 23: 47Q1 24: 49Q2 24: 48Q3 24: 51Q4 24: 52Q1 25: 49Q2 25: 4747Q4 22Q2 23Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 202244
Q1 202347
Q2 202350
Q3 202348
Q4 202347
Q1 202449
Q2 202448
Q3 202451
Q4 202452
Q1 202549
Q2 202547

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 23: 24 bought or addedQ3 23: 19 cut or sold outQ4 23: 26 bought or addedQ4 23: 20 cut or sold outQ4 23Q1 24: 15 bought or addedQ1 24: 22 cut or sold outQ2 24: 23 bought or addedQ2 24: 18 cut or sold outQ2 24Q3 24: 17 bought or addedQ3 24: 19 cut or sold outQ4 24: 24 bought or addedQ4 24: 19 cut or sold outQ4 24Q1 25: 24 bought or addedQ1 25: 24 cut or sold outQ2 25: 18 bought or addedQ2 25: 18 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232419
Q4 20232620
Q1 20241522
Q2 20242318
Q3 20241719
Q4 20242419
Q1 20252424
Q2 20251818

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. Added +75,106,000+75.1m
SOROS FUND MANAGEMENT LLC Added +25,000,000+25.0m
ARISTEIA CAPITAL, L.L.C. Added +24,836,000+24.8m
BlackRock, Inc. Added +19,840,000+19.8m
Verition Fund Management LLC Added +17,476,500+17.5m
UBS Group AG Added +16,838,000+16.8m
Davidson Kempner Capital Management LP Added +15,000,000+15.0m
ADVENT CAPITAL MANAGEMENT /DE/ Added +7,943,000+7.9m
ABSOLUTE INVESTMENT ADVISERS, LLC Added +3,000,000+3.0m
LAZARD ASSET MANAGEMENT LLC Added +2,063,000+2.1m

Biggest sellers

Linden Advisors LP Reduced -145,300,000-145.3m
VOYA INVESTMENT MANAGEMENT LLC Reduced -109,900,000-109.9m
SONA ASSET MANAGEMENT (US) LLC Sold out -20,074,000-20.1m
MILLENNIUM MANAGEMENT LLC Reduced -9,835,000-9.8m
BNP PARIBAS FINANCIAL MARKETS Reduced -9,500,000-9.5m
STEELHEAD PARTNERS LLC Reduced -7,495,000-7.5m
ZAZOVE ASSOCIATES LLC Sold out -3,000,000-3.0m
DeepCurrents Investment Group LLC Reduced -3,000,000-3.0m
Sculptor Capital LP Sold out -2,500,000-2.5m
Aequim Alternative Investments LP Reduced -1,500,000-1.5m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.98% of their portfolio New York, NY 171,645,000171.6m $160.2m $160.2m 0.98% Reduced -145.3m -145,300,000
2 VOYA INVESTMENT MANAGEMENT LLC 0.15% of their portfolio ATLANTA, GA 164,900,000164.9m $152.5m $152.5m 0.15% Reduced -109.9m -109,900,000
3 TENOR CAPITAL MANAGEMENT Co., L.P. 1.26% of their portfolio NEW YORK, NY 100,106,000100.1m $93.5m $93.5m 1.26% Added +75.1m +75,106,000
4 SOROS FUND MANAGEMENT LLC 1.52% of their portfolio NEW YORK, NY 95,000,00095.0m $88.8m $88.8m 1.52% Added +25.0m +25,000,000
5 BlackRock, Inc. 0.00% of their portfolio New York, NY 85,840,00085.8m $79.2m $79.2m 0.00% Added +19.8m +19,840,000
6 Davidson Kempner Capital Management LP 0.92% of their portfolio New York, NY 65,000,00065.0m $60.5m $60.5m 0.92% Added +15.0m +15,000,000
7 Calamos Advisors LLC 0.22% of their portfolio NAPERVILLE, IL 55,363,00055.4m $51.7m $51.7m 0.22% Unchanged
8 STEELHEAD PARTNERS LLC 2.47% of their portfolio SEATTLE, WA 52,505,00052.5m $49.0m $49.0m 2.47% Reduced -7.5m -7,495,000
9 ADVENT CAPITAL MANAGEMENT /DE/ 0.90% of their portfolio NEW YORK, NY 44,455,00044.5m $41.1m $41.1m 0.90% Added +7.9m +7,943,000
10 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 37,468,00037.5m $35.0m $35.0m 0.03% Reduced -9.8m -9,835,000
11 ARISTEIA CAPITAL, L.L.C. 0.85% of their portfolio GREENWICH, CT 32,336,00032.3m $29.9m $29.9m 0.85% Added +24.8m +24,836,000
12 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 32,032,00032.0m $29.6m $29.6m 0.04% Added +2.1m +2,063,000
13 Aequim Alternative Investments LP 0.93% of their portfolio MILL VALLEY, CA 30,960,00031.0m $28.6m $28.6m 0.93% Reduced -1.5m -1,500,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 21,071,00021.1m $19.7m $19.7m 0.00% Reduced -1.5m -1,500,000
15 Man Group plc 0.04% of their portfolio LONDON, X0 18,973,00019.0m $17.7m $17.7m 0.04% Unchanged
16 Verition Fund Management LLC 0.09% of their portfolio GREENWICH, CT 17,500,00017.5m $16.2m $16.2m 0.09% Added +17.5m +17,476,500
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 16,839,50016.8m $15.5m $15.5m 0.00% Added +16.8m +16,838,000
18 ABSOLUTE INVESTMENT ADVISERS, LLC 1.39% of their portfolio ROSEMARY BEACH, FL 12,077,00012.1m $11.2m $11.2m 1.39% Added +3.0m +3,000,000
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11,476,00011.5m $10.6m $10.6m 0.00% Added +200.0k +200,000
20 FMR LLC 0.00% of their portfolio BOSTON, MA 10,071,00010.1m $9.3m $9.3m 0.00% Unchanged
21 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 7,910,0007.9m $7.3m $7.3m 0.01% Added +884.0k +884,000
22 LORD, ABBETT & CO. LLC 0.02% of their portfolio JERSEY CITY, NJ 7,077,0007.1m $6.5m $6.5m 0.02% Reduced -158.0k -158,000
23 AVIVA PLC 0.00% of their portfolio LONDON, X0 2,565,0002.6m $2.4m $2.4m 0.00% Reduced -200.0k -200,000
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,563,2002.6m $2.4m $2.4m 0.00% Added +1.5m +1,452,000
25 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 2,000,0002.0m $1.8m $1.8m 0.00% New
26 DeepCurrents Investment Group LLC 0.07% of their portfolio NEW YORK, NY 2,000,0002.0m $1.9m $1.9m 0.07% Reduced -3.0m -3,000,000
27 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,700,0001.7m $1.6m $1.6m 0.00% Added +1.6m +1,625,000
28 PALISADE CAPITAL MANAGEMENT, LP 0.04% of their portfolio FORT LEE, NJ 1,500,0001.5m $1.4m $1.4m 0.04% Reduced -874.0k -874,000
29 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 751,000751.0k $701.5k $701.5k 0.00% Unchanged
30 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 649,000649.0k $606.6k $606.6k 0.00% Reduced -9.5m -9,500,000
31 DEEPWATER ASSET MANAGEMENT, LLC 6.10% of their portfolio Minneapolis, MN 618,539618.5k $15.4m $15.4m 6.10% Added +91.1k +91,116
32 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 500,000500.0k $467.0k $467.0k 0.00% Unchanged
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 260,000260.0k $239.8k $239.8k 0.00% Unchanged
34 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $186.8k $186.8k 0.00% Reduced -200.0k -200,000
35 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 150,000150.0k $140.2k $140.2k 0.00% Reduced -50.0k -50,000
36 WASHINGTON CAPITAL MANAGEMENT, INC 0.07% of their portfolio SEATTLE, WA 100,000100.0k $92.2k $92.2k 0.07% Unchanged
37 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 70,00070.0k $64.6k $64.6k 0.00% Unchanged
38 VIRTUS ADVISERS, LLC 0.02% of their portfolio HARTFORD, CT 40,00040.0k $36.9k $36.9k 0.02% Unchanged
39 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 34,00034.0k $31.8k $31.8k 0.00% Reduced -339.0k -339,000
40 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 22,40022.4k $2.1m $2.1m 0.01% Unchanged
41 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 19,00019.0k $17.5k $17.5k 0.00% Unchanged
42 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 17,00017.0k $15.7k $15.7k 0.00% Unchanged
43 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,00012.0k $11.2k $11.2k 0.00% New
44 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 7,0007.0k $6.5k $6.5k 0.00% New
45 Chicago Capital Management, LLC 1.98% of their portfolio CHICAGO, IL 3,0483.0k $2.7m $2.7m 1.98% Unchanged
46 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 2,0002.0k $1.8k $1.8k 0.00% Unchanged
47 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged