Vault-13

FLUENT INC FLNT

COM NEW · Common Stock · CUSIP 34380C201

28 institutional holders +2 vs Q2 2025
6,662,0836.7m shares reported held*
22.0% of all shares outstanding*
$14.8mreported value*
5 new 6 added 8 reduced 2 sold out net bought ≈ $3.9m (+1.8m 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 ($118.1k this quarter). Holder counts are more reliable. Shares outstanding: 30.3m as of 2025-11-12, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $2.22.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q1 24: 1Q2 24: 24Q3 24: 22Q4 24: 30Q1 25: 28Q2 25: 26Q3 25: 2828Q1 24Q3 24Q1 25Q3 25
Numbers
QuarterHolders
Q1 20241
Q2 202424
Q3 202422
Q4 202430
Q1 202528
Q2 202526
Q3 202528

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 24 bought or addedQ2 24: 1 cut or sold outQ2 24Q3 24: 3 bought or addedQ3 24: 8 cut or sold outQ3 24Q4 24: 11 bought or addedQ4 24: 7 cut or sold outQ4 24Q1 25: 10 bought or addedQ1 25: 10 cut or sold outQ1 25Q2 25: 7 bought or addedQ2 25: 9 cut or sold outQ2 25Q3 25: 11 bought or addedQ3 25: 10 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q2 2024241
Q3 202438
Q4 2024117
Q1 20251010
Q2 202579
Q3 20251110

Biggest buyers

Bleichroeder LP New +1,428,571+1.4m
Mink Brook Asset Management LLC New +285,714+285.7k
STATE STREET CORP Added +44,600+44.6k
Tieton Capital Management, LLC Added +41,956+42.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +15,777+15.8k
UBS Group AG New +1,337+1.3k
BRIDGEWAY CAPITAL MANAGEMENT, LLC Added +294+294
Empowered Funds, LLC Added +294+294
CITIGROUP INC New +13+13
Steward Partners Investment Advisory, LLC Added +9+9

Biggest sellers

Intelligence Driven Advisers, LLC Sold out -26,231-26.2k
GLOBAL VALUE INVESTMENT CORP. Reduced -14,296-14.3k
GEODE CAPITAL MANAGEMENT, LLC Reduced -5,295-5.3k
BlackRock, Inc. Reduced -4,566-4.6k
VANGUARD GROUP INC Reduced -2,123-2.1k
MORGAN STANLEY Reduced -1,459-1.5k
RAYMOND JAMES FINANCIAL INC Sold out -584-584
4WEALTH ADVISORS, INC. Reduced -250-250
Tower Research Capital LLC (TRC) Reduced -198-198
BANK OF AMERICA CORP /DE/ Reduced -113-113

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
FROST PHILLIP MD ET AL 13D · may seek influence -3.6 pts · filed 2026-01-28
Stated purposeItem 4 is hereby amended by adding the following sentence: The Warrants to purchase 571,429 shares of common stock of the Company with an exercise price of $2.21 per share previously reported on August 26, 2025 will be fully exercisable on February 20, 2026. Full filing
24.7% -3.6 pts 7.9m≈ $29.4m 2026-01-28
Schulke Ryan 13D · may seek influence filed 2025-06-20
Stated purposeItem 4 of the Schedule 13D is amended by adding the following paragraphs to the end of such item: On December 2, 2024, The Schulke Inn Family Foundation Trust acquired a pre-funded warrant (the "December Pre-Funded Warrant") to purchase up to 259,156 shares of the Issuer's common stock. On March 19, 2025, the Reporting Person acquired the following pre-funded warrants (the "March Pre-Funded Warrants" and together with the December Pre-Funded Warrant, the "Pre-Funded Warrants"): (i) March Pre-Funded Warrants to purchase up to 551,977 shares of the Issuer's common stock issued to the Reporting Person and (ii) March Pre-Funded Warrants to purchase up to 229,990 shares of the Issuer's common stock issued to The Schulke Inn Family Foundation Trust of which the Reporting Person is a Co-Trustee.… Full filing
21.1% 4.9m≈ $18.4m 2025-06-20
Conlin Matthew 13D · may seek influence filed 2025-06-20
Stated purposeItem 4 of the Schedule 13D is amended by adding the following paragraphs to the end of such item: On December 2, 2024, the Reporting Person acquired the following pre-funded warrants (the "December Pre-Funded Warrants"): (i) December Pre-Funded Warrants to purchase up to 172,771 shares of the Issuer's common stock issued to the Reporting Person and (ii) December Pre-Funded Warrants to purchase up to 86,385 shares of the Issuer's common stock issued to the Conlin Family Foundation Trust of which the Reporting Person is a Trustee. On March 19, 2025, the Reporting Person acquired the following pre-funded warrants (the "March Pre-Funded Warrants" and together with the December Pre-Funded Warrants, the "Pre-Funded Warrants"): (i) March Pre-Funded Warrants to purchase up to 689,972 shares of th… Full filing
16.1% 3.8m≈ $14.2m 2025-06-20
GLOBAL VALUE INVESTMENT CORP. 13D · may seek influence filed 2025-01-22
Stated purposeItem 4 is amended and restated as follows: The Reporting Persons purchased the shares of Common Stock for investment purposes, and such purchases have been made in the ordinary course of business of the Reporting Persons. In pursuing such investment purposes, the Reporting Persons may further purchase, hold, vote, trade, dispose, or otherwise deal in the Common Stock at times, and in such manner, as they deem advisable to benefit from, among other things, (1) changes in the market prices of the shares of Common Stock; (2) changes in the Issuer's operations, business strategy, or prospects; or (3) from the sale or merger of the Issuer. To evaluate such alternatives, the Reporting Persons will closely monitor the Issuer's operations, prospects, business development, management, competitive… Full filing
15.0% 3.1m≈ $11.5m 2025-01-22
Bleichroeder LP 13G · institution -1.3 pts · filed 2026-08-13 8.2% -1.3 pts 2.6m≈ $9.6m 2026-08-13

Insider purchases and sales in Q3 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
404Q4 23: 4 buyingQ4 23: 0 sellingQ1 24: 4 buyingQ1 24: 0 sellingQ1 24Q2 24: 1 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 1 sellingQ3 24Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 1 sellingQ3 25: 0 buyingQ3 25: 1 sellingQ3 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20234$236.7k0——
Q1 20244$112.3k0——
Q2 20241$10.3k0——
Q3 20240—1$54.1k—
Q4 20240—0——
Q1 20250—0——
Q2 20250—1$53.4k—
Q3 20250—1$7.5k—
DateInsiderTradeSharesPrice ValueTheir holding
2025-09-09 Perfit Ryan MacNab Chief Financial Officer Sold 3,662 $2.05 $7.5k3.7k shares -11%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GLOBAL VALUE INVESTMENT CORP. 10.97% of their portfolio MILWAUKEE, WI 3,035,7433.0m $6.7m $6.7m 10.97% Reduced -14.3k -14,296
2 Bleichroeder LP 0.62% of their portfolio NEW YORK, NY 1,428,5711.4m $3.2m $3.2m 0.62% New
3 Tieton Capital Management, LLC 0.84% of their portfolio YAKIMA, WA 1,084,4781.1m $2.4m $2.4m 0.84% Added +42.0k +41,956
4 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 294,914294.9k $654.7k $654.7k 0.00% Reduced -2.1k -2,123
5 Mink Brook Asset Management LLC 0.43% of their portfolio West Palm Beach, FL 285,714285.7k $634.3k $634.3k 0.43% New
6 BlackRock, Inc. 0.00% of their portfolio New York, NY 137,846137.8k $306.0k $306.0k 0.00% Reduced -4.6k -4,566
7 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 100,029100.0k $222.1k $222.1k 0.00% Reduced -5.3k -5,295
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 69,35069.3k $154.0k $154.0k 0.00% Added +44.6k +44,600
9 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio HOUSTON, TX 53,21453.2k $118.1k $118.1k 0.00% Added +294 +294
10 Empowered Funds, LLC 0.00% of their portfolio NEWTOWN SQUARE, PA 53,21453.2k $118.1k $118.1k 0.00% Added +294 +294
11 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 39,94739.9k $88.7k $88.7k 0.00% Added +15.8k +15,777
12 CacheTech Inc. 0.01% of their portfolio LOGAN, UT 30,21030.2k $67.1k $67.1k 0.01% Unchanged
13 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 19,95520.0k $44.3k $44.3k 0.00% Reduced -113 -113
14 Salvus Wealth Management, LLC 0.02% of their portfolio RED BANK, NJ 19,00319.0k $42.2k $42.2k 0.02% Unchanged
15 4WEALTH ADVISORS, INC. 0.04% of their portfolio Burr Ridge, IL 18,53618.5k $41.1k $41.1k 0.04% Reduced -250 -250
16 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 13,71613.7k $30.4k $30.4k 0.00% Unchanged
17 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 11,11211.1k $25.0k $25.0k 0.00% Unchanged
18 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 10,19010.2k $22.6k $22.6k 0.00% Unchanged
19 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 3,5803.6k $7.9k $7.9k 0.00% Added +9 +9
20 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 2,4732.5k $5.5k $5.5k 0.00% Reduced -198 -198
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,6021.6k $3.6k $3.6k 0.00% Reduced -1.5k -1,459
22 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,3371.3k $3.0k $3.0k 0.00% New
23 Key Financial Inc 0.00% of their portfolio WEST CHESTER, PA 187187 $415 $415 0.00% Unchanged
24 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 183183 $406 $406 0.00% Unchanged
25 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 167167 $371 $371 0.00% Unchanged
26 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1313 $29 $29 0.00% New
27 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 88 $18 $18 0.00% Unchanged
28 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 55 $11 $11 0.00% New