Vault-13

FIVE9 INC FIVN 1 03.15.29

NOTE 1.000% 3/1 · US DOMESTIC · CUSIP 338307AF8

44 institutional holders -6 vs Q4 2025
15,105,00015.1m shares reported held*
$628.0mreported value*
5 new 11 added 15 reduced 11 sold out net bought ≈ $32.3m (+891.0k 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 ($2.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.71.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q1 25: 53Q2 25: 46Q3 25: 50Q4 25: 50Q1 26: 4444Q1 25Q2 25Q3 25Q4 25Q1 26
Numbers
QuarterHolders
Q1 202553
Q2 202546
Q3 202550
Q4 202550
Q1 202644

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 25: 22 bought or addedQ2 25: 20 cut or sold outQ2 25Q3 25: 24 bought or addedQ3 25: 24 cut or sold outQ3 25Q4 25: 19 bought or addedQ4 25: 27 cut or sold outQ4 25Q1 26: 16 bought or addedQ1 26: 26 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20252220
Q3 20252424
Q4 20251927
Q1 20261626

Biggest buyers

Lynrock Lake LP Added +72,400,000+72.4m
Opti Capital Management, LP Added +61,441,000+61.4m
Radcliffe Capital Management, L.P. Added +22,006,000+22.0m
Balyasny Asset Management L.P. Added +13,700,000+13.7m
Context Capital Management, LLC New +12,000,000+12.0m
Walleye Capital LLC Added +11,375,000+11.4m
Worth Venture Partners, LLC New +5,000,000+5.0m
SSI INVESTMENT MANAGEMENT LLC New +3,000,000+3.0m
BlackRock, Inc. Added +2,525,000+2.5m
CSS LLC/IL New +2,500,000+2.5m

Biggest sellers

LAZARD ASSET MANAGEMENT LLC Reduced -24,206,000-24.2m
Calamos Advisors LLC Reduced -19,909,000-19.9m
Diameter Capital Partners LP Sold out -17,550,000-17.6m
TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -17,000,000-17.0m
CAMDEN ASSET MANAGEMENT L P /CA Sold out -16,550,000-16.6m
STEELHEAD PARTNERS LLC Reduced -16,000,000-16.0m
Linden Advisors LP Reduced -13,450,000-13.4m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -13,302,000-13.3m
SILVERBACK ASSET MANAGEMENT LLC Sold out -11,530,000-11.5m
WELLINGTON MANAGEMENT GROUP LLP Sold out -8,680,000-8.7m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Lynrock Lake LP 11.11% of their portfolio RYE BROOK, NY 186,219,000186.2m $162.5m $162.5m 11.11% Added +72.4m +72,400,000
2 Linden Advisors LP 0.50% of their portfolio New York, NY 101,989,000102.0m $88.8m $88.8m 0.50% Reduced -13.4m -13,450,000
3 Opti Capital Management, LP 5.76% of their portfolio New York, NY 91,441,00091.4m $79.9m $79.9m 5.76% Added +61.4m +61,441,000
4 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 49,096,00049.1m $428.4k $428.4k 0.00% Reduced -24.2m -24,206,000
5 Radcliffe Capital Management, L.P. 2.83% of their portfolio BALA CYNWYD, PA 43,506,00043.5m $37.7m $37.7m 2.83% Added +22.0m +22,006,000
6 Balyasny Asset Management L.P. 0.06% of their portfolio Chicago, IL 35,500,00035.5m $30.9m $30.9m 0.06% Added +13.7m +13,700,000
7 Verition Fund Management LLC 0.21% of their portfolio GREENWICH, CT 24,500,00024.5m $21.4m $21.4m 0.21% Reduced -3.0m -3,000,000
8 TENOR CAPITAL MANAGEMENT Co., L.P. 0.31% of their portfolio NEW YORK, NY 23,000,00023.0m $20.0m $20.0m 0.31% Reduced -17.0m -17,000,000
9 Walleye Capital LLC 0.12% of their portfolio NEW YORK, NY 22,375,00022.4m $19.5m $19.5m 0.12% Added +11.4m +11,375,000
10 Calamos Advisors LLC 0.07% of their portfolio NAPERVILLE, IL 22,235,00022.2m $19.3m $19.3m 0.07% Reduced -19.9m -19,909,000
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 21,801,00021.8m $19.0m $19.0m 0.00% Reduced -1.1m -1,059,000
12 OAKTREE CAPITAL MANAGEMENT LP 0.32% of their portfolio LOS ANGELES, CA 21,743,00021.7m $19.0m $19.0m 0.32% Reduced -8.6m -8,610,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 15,675,00015.7m $13.6m $13.6m 0.00% Reduced -175.0k -175,000
14 ADVENT CAPITAL MANAGEMENT /DE/ 0.37% of their portfolio NEW YORK, NY 14,439,00014.4m $12.6m $12.6m 0.37% Reduced -13.3m -13,302,000
15 BlackRock, Inc. 0.00% of their portfolio New York, NY 12,172,00012.2m $10.6m $10.6m 0.00% Added +2.5m +2,525,000
16 Context Capital Management, LLC 0.24% of their portfolio LAJOLLA, CA 12,000,00012.0m $10.5m $10.5m 0.24% New
17 STEELHEAD PARTNERS LLC 0.56% of their portfolio SEATTLE, WA 9,000,0009.0m $7.8m $7.8m 0.56% Reduced -16.0m -16,000,000
18 Ewing Morris & Co. Investment Partners Ltd. 2.74% of their portfolio TORONTO, Z4 7,000,0007.0m $6.1m $6.1m 2.74% Unchanged
19 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 6,300,0006.3m $5.5m $5.5m 0.00% Unchanged
20 MacKay Shields LLC 0.20% of their portfolio New York, NY 6,265,0006.3m $5.5m $5.5m 0.20% Reduced -6.5m -6,540,000
21 Worth Venture Partners, LLC 13.82% of their portfolio FORT LEE, NJ 5,000,0005.0m $4.4m $4.4m 13.82% New
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,842,0004.8m $4.2m $4.2m 0.00% Reduced -1.7m -1,735,000
23 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,651,0004.7m $4.0m $4.0m 0.00% Added +177.0k +177,000
24 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,162,0004.2m $3.6m $3.6m 0.00% Added +1.7m +1,662,000
25 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 3,979,0004.0m $3.5m $3.5m 0.00% Reduced -2.5m -2,509,000
26 Lombard Odier Asset Management (Europe) Ltd 0.17% of their portfolio LONDON, X0 3,659,0003.7m $3.2m $3.2m 0.17% Unchanged
27 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 3,618,0003.6m $3.1m $3.1m 0.01% Unchanged
28 Amundi 0.00% of their portfolio Paris, I0 3,373,0003.4m $132.9k $132.9k 0.00% Unchanged
29 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $2.6m $2.6m 0.01% Unchanged
30 SSI INVESTMENT MANAGEMENT LLC 0.18% of their portfolio Los Angeles, CA 3,000,0003.0m $2.6m $2.6m 0.18% New
31 CSS LLC/IL 0.12% of their portfolio CHICAGO, IL 2,500,0002.5m $2.2m $2.2m 0.12% New
32 Ares Systematic Credit Ltd 1.58% of their portfolio LONDON, X0 2,300,0002.3m $2.0m $2.0m 1.58% Added +2.2m +2,200,000
33 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 2,000,0002.0m $1.7m $1.7m 0.00% Unchanged
34 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 965,000965.0k $840.9k $840.9k 0.00% Added +941.0k +941,000
35 FMR LLC 0.00% of their portfolio BOSTON, MA 884,000884.0k $766.9k $766.9k 0.00% Unchanged
36 Sunstone Asset Management, LP 0.21% of their portfolio New York, NY 200,000200.0k $174.5k $174.5k 0.21% Unchanged
37 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 180,000180.0k $156.2k $156.2k 0.00% New
38 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 120,000120.0k $104.1k $104.1k 0.00% Reduced -1.4m -1,354,000
39 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 105,000105.0k $91.1k $91.1k 0.00% Unchanged
40 Stonebridge Financial Group, LLC / MO 0.04% of their portfolio ST. LOUIS, MO 56,00056.0k $48.6k $48.6k 0.04% Unchanged
41 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 47,00047.0k $40.8k $40.8k 0.00% Unchanged
42 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 32,00032.0k $27.7k $27.7k 0.00% Added +22.0k +22,000
43 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 13,00013.0k $11.3k $11.3k 0.00% Unchanged
44 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 10,00010.0k $8.7k $8.7k 0.00% Reduced -14.0k -14,000