FLUENT INC FLNT
COM NEW · Common Stock · CUSIP 34380C201
- SectorIndustrials
- IndustryServices-Advertising
- HeadquartersNew York, NY
- FilingsSEC EDGAR
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q1 2024 | 1 |
| Q2 2024 | 24 |
| Q3 2024 | 22 |
| Q4 2024 | 30 |
| Q1 2025 | 28 |
| Q2 2025 | 26 |
| Q3 2025 | 28 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 24 | 1 |
| Q3 2024 | 3 | 8 |
| Q4 2024 | 11 | 7 |
| Q1 2025 | 10 | 10 |
| Q2 2025 | 7 | 9 |
| Q3 2025 | 11 | 10 |
Biggest buyers
| Bleichroeder LP | New | +1.4m |
| Mink Brook Asset Management LLC | New | +285.7k |
| STATE STREET CORP | Added | +44.6k |
| Tieton Capital Management, LLC | Added | +42.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +15.8k |
| UBS Group AG | New | +1.3k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Added | +294 |
| Empowered Funds, LLC | Added | +294 |
| CITIGROUP INC | New | +13 |
| Steward Partners Investment Advisory, LLC | Added | +9 |
Biggest sellers
| Intelligence Driven Advisers, LLC | Sold out | -26.2k |
| GLOBAL VALUE INVESTMENT CORP. | Reduced | -14.3k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -5.3k |
| BlackRock, Inc. | Reduced | -4.6k |
| VANGUARD GROUP INC | Reduced | -2.1k |
| MORGAN STANLEY | Reduced | -1.5k |
| RAYMOND JAMES FINANCIAL INC | Sold out | -584 |
| 4WEALTH ADVISORS, INC. | Reduced | -250 |
| Tower Research Capital LLC (TRC) | Reduced | -198 |
| BANK OF AMERICA CORP /DE/ | Reduced | -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.
| Holder | Stake |
|---|---|
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% |
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% |
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% |
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% |
| Bleichroeder LP 13G · institution -1.3 pts · filed 2026-08-13 | 8.2% |
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2023 | 4 | $236.7k | 0 | — | — |
| Q1 2024 | 4 | $112.3k | 0 | — | — |
| Q2 2024 | 1 | $10.3k | 0 | — | — |
| Q3 2024 | 0 | — | 1 | $54.1k | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $53.4k | — |
| Q3 2025 | 0 | — | 1 | $7.5k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-09 | Perfit Ryan MacNab Chief Financial Officer | Sold | $7.5k3.7k shares |
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
| Manager | Shares | Change |
|---|---|---|
| GLOBAL VALUE INVESTMENT CORP. 10.97% of their portfolio | 3.0m $6.7m | Reduced -14.3k |
| Bleichroeder LP 0.62% of their portfolio | 1.4m $3.2m | New |
| Tieton Capital Management, LLC 0.84% of their portfolio | 1.1m $2.4m | Added +42.0k |
| VANGUARD GROUP INC 0.00% of their portfolio | 294.9k $654.7k | Reduced -2.1k |
| Mink Brook Asset Management LLC 0.43% of their portfolio | 285.7k $634.3k | New |
| BlackRock, Inc. 0.00% of their portfolio | 137.8k $306.0k | Reduced -4.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 100.0k $222.1k | Reduced -5.3k |
| STATE STREET CORP 0.00% of their portfolio | 69.3k $154.0k | Added +44.6k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 53.2k $118.1k | Added +294 |
| Empowered Funds, LLC 0.00% of their portfolio | 53.2k $118.1k | Added +294 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 39.9k $88.7k | Added +15.8k |
| CacheTech Inc. 0.01% of their portfolio | 30.2k $67.1k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 20.0k $44.3k | Reduced -113 |
| Salvus Wealth Management, LLC 0.02% of their portfolio | 19.0k $42.2k | Unchanged |
| 4WEALTH ADVISORS, INC. 0.04% of their portfolio | 18.5k $41.1k | Reduced -250 |
| NORTHERN TRUST CORP 0.00% of their portfolio | 13.7k $30.4k | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 11.1k $25.0k | Unchanged |
| Sequoia Financial Advisors, LLC 0.00% of their portfolio | 10.2k $22.6k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 3.6k $7.9k | Added +9 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 2.5k $5.5k | Reduced -198 |
| MORGAN STANLEY 0.00% of their portfolio | 1.6k $3.6k | Reduced -1.5k |
| UBS Group AG 0.00% of their portfolio | 1.3k $3.0k | New |
| Key Financial Inc 0.00% of their portfolio | 187 $415 | Unchanged |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 183 $406 | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 167 $371 | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 13 $29 | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 8 $18 | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 5 $11 | New |