Vault-13

FLUENCE ENERGY INC FLNC 2.25 06.15.30

NOTE 2.250% 6/1 · US DOMESTIC · CUSIP 34379VAB9

33 institutional holders +2 vs Q1 2026
12,800,00012.8m shares reported held*
$485.8mreported value*
7 new 8 added 10 reduced 5 sold out net sold ≈ $19.5m (+500.0k 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. Holder counts are more reliable. Implied quarter-end price ≈ $37.95.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q4 25: 28Q1 26: 31Q2 26: 3333Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q4 202528
Q1 202631
Q2 202633

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 26: 18 bought or addedQ1 26: 12 cut or sold outQ1 26Q2 26: 15 bought or addedQ2 26: 15 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 20261812
Q2 20261515

Biggest buyers

Linden Advisors LP New +72,085,000+72.1m
LAZARD ASSET MANAGEMENT LLC Added +36,063,000+36.1m
UBS Group AG New +21,999,000+22.0m
PenderFund Capital Management Ltd. Added +10,000,000+10.0m
AQR Arbitrage LLC Added +9,507,000+9.5m
STATE STREET CORP Added +2,100,000+2.1m
BlackRock, Inc. Added +2,100,000+2.1m
Jump Financial, LLC Added +2,000,000+2.0m
CITIGROUP INC Added +1,402,000+1.4m
FRANKLIN RESOURCES INC New +1,000,000+1.0m

Biggest sellers

Context Capital Management, LLC Reduced -43,283,000-43.3m
CITADEL ADVISORS LLC Sold out -30,498,000-30.5m
Nuveen, LLC Sold out -21,847,000-21.8m
Balyasny Asset Management L.P. Reduced -10,000,000-10.0m
TWO SIGMA INVESTMENTS, LP Sold out -8,435,000-8.4m
BNP PARIBAS FINANCIAL MARKETS Reduced -7,795,000-7.8m
CSS LLC/IL Sold out -6,140,000-6.1m
DeepCurrents Investment Group LLC Reduced -5,000,000-5.0m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -2,750,000-2.8m
Universal- Beteiligungs- und Servicegesellschaft mbH Reduced -1,880,000-1.9m

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.48% of their portfolio New York, NY 72,085,00072.1m $92.5m $92.5m 0.48% New
2 PenderFund Capital Management Ltd. 7.81% of their portfolio VANCOUVER, A1 47,410,00047.4m $60.9m $60.9m 7.81% Added +10.0m +10,000,000
3 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 41,350,00041.4m $531.2k $531.2k 0.00% Added +36.1m +36,063,000
4 Context Capital Management, LLC 0.92% of their portfolio LAJOLLA, CA 35,389,00035.4m $45.5m $45.5m 0.92% Reduced -43.3m -43,283,000
5 AQR Arbitrage LLC 0.64% of their portfolio Greenwich, CT 35,207,00035.2m $45.2m $45.2m 0.64% Added +9.5m +9,507,000
6 Balyasny Asset Management L.P. 0.06% of their portfolio Chicago, IL 26,000,00026.0m $33.3m $33.3m 0.06% Reduced -10.0m -10,000,000
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 21,999,00022.0m $28.1m $28.1m 0.00% New
8 WHITEBOX ADVISORS LLC 0.41% of their portfolio MINNEAPOLIS, MN 20,000,00020.0m $25.6m $25.6m 0.41% Unchanged
9 Purpose Unlimited Inc. 0.67% of their portfolio TORONTO, A6 13,700,00013.7m $17.6m $17.6m 0.67% Unchanged
10 Jump Financial, LLC 0.14% of their portfolio Chicago, IL 12,500,00012.5m $16.0m $16.0m 0.14% Added +2.0m +2,000,000
11 ARISTEIA CAPITAL, L.L.C. 0.24% of their portfolio GREENWICH, CT 12,000,00012.0m $15.4m $15.4m 0.24% Unchanged
12 ABSOLUTE INVESTMENT ADVISERS, LLC 1.49% of their portfolio ROSEMARY BEACH, FL 12,000,00012.0m $15.4m $15.4m 1.49% Unchanged
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,350,00010.3m $13.2m $13.2m 0.00% Added +2.1m +2,100,000
14 DeepCurrents Investment Group LLC 0.44% of their portfolio NEW YORK, NY 10,000,00010.0m $12.9m $12.9m 0.44% Reduced -5.0m -5,000,000
15 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 9,768,0009.8m $12.5m $12.5m 0.01% Reduced -7.8m -7,795,000
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 8,250,0008.2m $10.6m $10.6m 0.00% Added +2.1m +2,100,000
17 SHENKMAN CAPITAL MANAGEMENT INC 0.95% of their portfolio NEW YORK, NY 5,250,0005.2m $6.9m $6.9m 0.95% Reduced -2.8m -2,750,000
18 ZAZOVE ASSOCIATES LLC 0.52% of their portfolio INCLINE VILLAGE, NV 5,000,0005.0m $6.4m $6.4m 0.52% Unchanged
19 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 4,990,0005.0m $6.4m $6.4m 0.01% Reduced -1.9m -1,880,000
20 FMR LLC 0.00% of their portfolio BOSTON, MA 4,426,0004.4m $5.7m $5.7m 0.00% Reduced -30.0k -30,000
21 Man Group plc 0.01% of their portfolio LONDON, X0 2,500,0002.5m $3.2m $3.2m 0.01% Unchanged
22 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,511,0001.5m $1.9m $1.9m 0.00% Added +1.4m +1,402,000
23 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 1,000,0001.0m $1.3m $1.3m 0.00% New
24 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,000,0001.0m $1.3m $1.3m 0.00% New
25 Benefit Street Partners LLC 1.83% of their portfolio NEW YORK, NY 1,000,0001.0m $1.3m $1.3m 1.83% Reduced -1.0m -1,000,000
26 Aristides Capital LLC 0.32% of their portfolio LOUISVILLE, KY 1,000,0001.0m $1.3m $1.3m 0.32% Unchanged
27 Sphera Management Technology Funds Ltd 0.25% of their portfolio TEL AVIV, L3 550,000550.0k $704.8k $704.8k 0.25% New
28 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 325,000325.0k $413.8k $413.8k 0.00% Reduced -175.0k -175,000
29 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 310,000310.0k $398.2k $398.2k 0.01% Unchanged
30 Mirabaud Asset Management (France) SAS 0.16% of their portfolio PARIS, I0 280,000280.0k $351.8k $351.8k 0.16% New
31 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 265,000265.0k $338.7k $338.7k 0.00% New
32 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 250,000250.0k $250.1k $250.1k 0.00% Reduced -50.0k -50,000
33 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 20,00020.0k $2.5m $2.5m 0.00% Added +14.0k +14,000