Vault-13

ENPHASE ENERGY INC ENPH 0 03.01.26

NOTE 3/0 · US DOMESTIC · CUSIP 29355AAH0

1 institutional holders -30 vs Q4 2025
$400.0kprincipal reported held*
$396.1kreported value*
0 new 0 added 0 reduced 30 sold out net sold ≈ $621.0m (-18.1m 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. Holder counts are more reliable.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 51Q4 22: 53Q1 23: 53Q2 23: 65Q3 23: 70Q4 23: 60Q1 24: 49Q2 24: 44Q3 24: 42Q4 24: 38Q1 25: 39Q2 25: 37Q3 25: 35Q4 25: 31Q1 26: 11Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202251
Q4 202253
Q1 202353
Q2 202365
Q3 202370
Q4 202360
Q1 202449
Q2 202444
Q3 202442
Q4 202438
Q1 202539
Q2 202537
Q3 202535
Q4 202531
Q1 20261

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 13 bought or addedQ2 24: 24 cut or sold outQ3 24: 13 bought or addedQ3 24: 17 cut or sold outQ3 24Q4 24: 16 bought or addedQ4 24: 22 cut or sold outQ1 25: 17 bought or addedQ1 25: 16 cut or sold outQ1 25Q2 25: 17 bought or addedQ2 25: 18 cut or sold outQ3 25: 15 bought or addedQ3 25: 12 cut or sold outQ3 25Q4 25: 9 bought or addedQ4 25: 12 cut or sold outQ1 26: 0 bought or addedQ1 26: 30 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20241324
Q3 20241317
Q4 20241622
Q1 20251716
Q2 20251718
Q3 20251512
Q4 2025912
Q1 2026030

Biggest buyers

None

Biggest sellers

Radcliffe Capital Management, L.P. Sold out -149,750,000-149.8m
WOLVERINE ASSET MANAGEMENT LLC Sold out -82,793,000-82.8m
OSTERWEIS CAPITAL MANAGEMENT INC Sold out -68,500,000-68.5m
Opti Capital Management, LP Sold out -55,000,000-55.0m
DeepCurrents Investment Group LLC Sold out -47,397,000-47.4m
Verition Fund Management LLC Sold out -39,500,000-39.5m
M&G PLC Sold out -26,397,000-26.4m
MILLENNIUM MANAGEMENT LLC Sold out -23,000,000-23.0m
Calamos Advisors LLC Sold out -20,000,000-20.0m
Aequim Alternative Investments LP Sold out -20,000,000-20.0m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ZAZOVE ASSOCIATES LLC 0.02% of their portfolio INCLINE VILLAGE, NV 400,000400.0k $396.1k $396.1k 0.02% Unchanged