Vault-13

FORTUNA MNG CORP FVICN 3.75 06.30.29

NOTE 3.750% 6/3 · GLOBAL · CUSIP 349915AE8

16 institutional holders -1 vs Q1 2026
17,450,00017.4m shares reported held*
$237.7mreported value*
4 new 2 added 1 reduced 6 sold out net sold ≈ $35.6m (+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 ≈ $13.62.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

01020Q2 25: 18Q3 25: 19Q4 25: 20Q1 26: 17Q2 26: 1616Q2 25Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q2 202518
Q3 202519
Q4 202520
Q1 202617
Q2 202616

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 25: 7 bought or addedQ3 25: 6 cut or sold outQ3 25Q4 25: 10 bought or addedQ4 25: 9 cut or sold outQ4 25Q1 26: 5 bought or addedQ1 26: 13 cut or sold outQ1 26Q2 26: 6 bought or addedQ2 26: 7 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202576
Q4 2025109
Q1 2026513
Q2 202667

Biggest buyers

LAZARD ASSET MANAGEMENT LLC Added +13,381,000+13.4m
Context Capital Management, LLC New +11,559,000+11.6m
PICTON MAHONEY ASSET MANAGEMENT Added +5,000,000+5.0m
SSI INVESTMENT MANAGEMENT LLC New +2,500,000+2.5m
Polar Capital Holdings Plc New +2,000,000+2.0m
WELLS FARGO & COMPANY/MN New +1,275,000+1.3m

Biggest sellers

Jump Financial, LLC Sold out -14,275,000-14.3m
WOLVERINE ASSET MANAGEMENT LLC Sold out -14,059,000-14.1m
BNP PARIBAS FINANCIAL MARKETS Sold out -6,881,000-6.9m
TWO SIGMA INVESTMENTS, LP Reduced -5,570,000-5.6m
SSI INVESTMENT MANAGEMENT LLC Sold out -2,500,000-2.5m
Polar Capital Holdings Plc Sold out -2,000,000-2.0m
BANK OF MONTREAL /CAN/ Sold out -430,000-430.0k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.61% of their portfolio New York, NY 77,376,00077.4m $118.5m $118.5m 0.61% Unchanged
2 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 20,035,00020.0m $307.9k $307.9k 0.00% Added +13.4m +13,381,000
3 PICTON MAHONEY ASSET MANAGEMENT 0.19% of their portfolio Toronto, A6 13,500,00013.5m $20.6m $20.6m 0.19% Added +5.0m +5,000,000
4 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 11,930,00011.9m $18.2m $18.2m 0.01% Reduced -5.6m -5,570,000
5 Context Capital Management, LLC 0.36% of their portfolio LAJOLLA, CA 11,559,00011.6m $17.8m $17.8m 0.36% New
6 HBK INVESTMENTS L P 0.18% of their portfolio DALLAS, TX 10,000,00010.0m $15.4m $15.4m 0.18% Unchanged
7 Davidson Kempner Capital Management LP 0.25% of their portfolio New York, NY 10,000,00010.0m $15.3m $15.3m 0.25% Not comparable
8 Parallax Volatility Advisers, L.P. 0.28% of their portfolio San Francisco, CA 5,000,0005.0m $7.6m $7.6m 0.28% Unchanged
9 MIZUHO SECURITIES USA LLC 0.06% of their portfolio NEW YORK, NY 3,550,0003.5m $6.2m $6.2m 0.06% Unchanged
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,518,0002.5m $4.4m $4.4m 0.00% Unchanged
11 SSI INVESTMENT MANAGEMENT LLC 0.22% of their portfolio Los Angeles, CA 2,500,0002.5m $3.8m $3.8m 0.22% New
12 Periscope Capital Inc. 0.49% of their portfolio Toronto, A6 2,000,0002.0m $3.1m $3.1m 0.49% Unchanged
13 Polar Capital Holdings Plc 0.01% of their portfolio London, X0 2,000,0002.0m $3.1m $3.1m 0.01% New
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,275,0001.3m $1.9m $1.9m 0.00% New
15 AGF MANAGEMENT LTD 0.00% of their portfolio TORONTO, A6 625,000625.0k $955.9k $955.9k 0.00% Unchanged
16 CI INVESTMENTS INC. 0.00% of their portfolio TORONTO, Z4 400,000400.0k $614.8k $614.8k 0.00% Unchanged