Five9

FIVN • NASDAQ

Five9 is a software - infrastructure company in the technology sector on NASDAQ, led by Rowan Trollope, with a market cap of $1.6B. As of Q3 2025, 111% of shares are held by 300 institutional investors, with VANGUARD GROUP INC as the largest holder at 12.01%.

Chief Executive OfficerRowan Trollope

Market Cap$1.6B

Software - Infrastructure

Technology

Employees2.7K

Websitefive9.com

Country

United States of America

Overview

Overview of institutional ownership in FIVN as of Q3 2025 with a market cap of $1.9B

All Institutions

Institutions: 300
Value Held: $2.1B
Shares Held: 85.8M
Avg Position: $6.9M
Median Position: $739.5K

Hedge Funds

Hedge Funds: 53
Value Held: $269.2M
Shares Held: 11.1M
Avg Position: $5.1M
Median Position: $2.4M

Ownership Breakdown

Institutional (non-HF)

96.68%

$1.8B

Hedge Funds

14.39%

$269.2M

Retail & Other

Based on market cap of $1.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in FIVN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$224.5M 0.00% of portfolio	12.01% 9.3M shares	Q2 2014 Held for 11y 5m	$6.69T
B BlackRock, Inc. Institution	-	$170.5M 0.00% of portfolio	9.12% 7.0M shares	Q1 2016 Held for 9y 8m	$5.67T
Pictet Asset Management Holding SA Long Only Manager	Elizabeth Retta Dillon CEO	$145.4M 0.14% of portfolio	7.77% 6.0M shares	Q3 2023 Held for 2y 2m	$103.68B
V Voss Capital LLC Institution	-	$110.1M 6.28% of portfolio	5.89% 4.6M shares	Q1 2025 Held for 8 months	$1.8B
FMR LLC Institution	-	$94.8M 0.00% of portfolio	5.07% 3.9M shares	Q4 2016 Held for 8y 11m	$1.92T
Van Berkom & Associates Inc. Long Only Manager	Joannes Sebastian Van Berkom CEO	$68.0M 1.93% of portfolio	3.64% 2.8M shares	Q1 2024 Held for 1y 8m	$3.5B
F FIL Ltd Institution	-	$63.4M 0.05% of portfolio	3.39% 2.6M shares	Q2 2025 Held for 5 months	$127.75B
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	James Poucher CEO	$56.2M 0.01% of portfolio	3.00% 2.3M shares	Q1 2015 Held for 10y 8m	$460.61B
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	Steven Joseph Boyd Managing Partner	$48.4M 1.54% of portfolio	2.59% 2.0M shares	Q1 2023 Held for 2y 8m	$3.2B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$47.6M 0.00% of portfolio	2.54% 2.0M shares	Q2 2014 Held for 11y 5m	$2.88T

Net Capital Flow

Institutional buying and selling activity for FIVN in Q3 2025

Net Flow: −$69.0M
Buyers: 125
Sellers: 120
Total Bought: +$237.1M
Total Sold: −$306.1M
Avg Position: $6.9M

Biggest Buyers

Institution	Net Bought	Current Position
V Voss Capital LLC Institution	+$31.5M +1.3M shares	$110.1M 4.6M shares
Frigate Ventures LP RIA/Wealth	+$18.4M +761.5K shares	$37.1M 1.5M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$15.8M +652.8K shares	$15.8M 652.8K shares
GOLDMAN SACHS GROUP INC Institution	+$14.9M +613.9K shares	$20.6M 851.9K shares
J JANE STREET GROUP, LLC Institution	+$13.6M +561.9K shares	$17.1M 707.5K shares
A Assenagon Asset Management S.A. Institution	+$12.4M +510.7K shares	$17.5M 724.6K shares
Q Qube Research & Technologies Ltd Institution	+$9.5M +391.6K shares	$10.2M 422.8K shares
N Nuveen, LLC Institution	+$9.1M +375.2K shares	$19.6M 810.3K shares
Pictet Asset Management Holding SA Long Only Manager	+$8.7M +361.1K shares	$145.4M 6.0M shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$7.7M +319.8K shares	$22.0M 909.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	−$44.7M −1.7M shares	Sold Off 0 shares
FMR LLC Institution	−$43.5M −1.8M shares	$94.8M 3.9M shares
UBS Group AG Institution	−$25.9M −1.1M shares	$25.9M 1.1M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$15.1M −570.2K shares	Sold Off 0 shares
WCM INVESTMENT MANAGEMENT/CA Long Only Manager	−$14.9M −558.3K shares	Sold Off 0 shares
SCALAR GAUGE MANAGEMENT, LLC Hedge Fund•Long/Short	−$10.6M −399.7K shares	Sold Off 0 shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$9.5M −393.3K shares	$943.2K 39.0K shares
FIRST TRUST ADVISORS LP ETF Provider	−$9.4M −389.2K shares	$29.4M 1.2M shares
BARCLAYS PLC Institution	−$9.3M −385.6K shares	$19.0M 784.7K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$7.9M −325.2K shares	$10.1M 416.1K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited FIVN in Q3 2025

New Positions: 21
New Value: $27.1M
Exited Positions: 35
Exited Value: $124.6M

New Positions

Institution	Position Value
F First Eagle Investment Management, LLC Long Only Manager	$7.2M 295.5K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$6.8M 281.2K shares
Susquehanna Portfolio Strategies, LLC Private Equity	$2.7M 111.2K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$2.6M 107.6K shares
Villanova Investment Management Co LLC Hedge Fund•Value	$1.9M 77.5K shares
Radcliffe Capital Management, L.P. Hedge Fund•Multi-Strategy	$1.9M 77.5K shares
Aurora Investment Counsel RIA/Wealth	$1.6M 66.6K shares
H HUSSMAN STRATEGIC ADVISORS, INC. Institution	$1.0M 42.0K shares
Vinva Investment Management Ltd Hedge Fund•Quant	$649.8K 16.8K shares
E Elo Mutual Pension Insurance Co Institution	$393.7K 16.3K shares

Exited Positions

Institution	Previous Position
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$44.7M 1.7M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	$15.1M 570.2K shares
WCM INVESTMENT MANAGEMENT/CA Long Only Manager	$14.9M 558.3K shares
SCALAR GAUGE MANAGEMENT, LLC Hedge Fund•Long/Short	$10.6M 399.7K shares
S Standard Life Aberdeen plc Institution	$6.7M 251.2K shares
Portolan Capital Management, LLC Hedge Fund•Long/Short	$5.0M 187.7K shares
Marshall Wace LLP Institution	$4.3M 161.7K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$3.7M 139.8K shares
BANK OF MONTREAL /CAN/ Institution	$3.5M 133.4K shares
C CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM Institution	$3.2M 121.7K shares

Options Activity

Institutions with the largest Call and Put options positions in FIVN as of Q3 2025

Call Positions: 19
Call Value: $121.2M
Put Positions: 15
Put Value: $78.4M

Call Positions

Institution	Position Value
UBS Group AG Institution	$68.3M 28.2K contracts
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	$15.7M 6.5K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$12.6M 5.2K contracts
J JANE STREET GROUP, LLC Institution	$4.6M 1.9K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$3.1M 1.3K contracts
Walleye Trading LLC RIA/Wealth	$2.6M 1.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.5M 1.0K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$2.4M 1.0K contracts
Caption Management, LLC Hedge Fund•Long/Short	$2.3M 950.0 contracts
W WOLVERINE TRADING, LLC Institution	$2.1M 810.0 contracts

Put Positions

Institution	Position Value
B BNP PARIBAS ARBITRAGE, SA Institution	$25.2M 104.0 contracts
J JANE STREET GROUP, LLC Institution	$22.5M 9.3K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$11.8M 4.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$9.5M 3.9K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$3.1M 1.3K contracts
D D. E. Shaw & Co., Inc. Institution	$2.5M 1.0K contracts
C Cubist Systematic Strategies, LLC Institution	$1.4M 591.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.3M 494.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$537.2K 222.0 contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$433.2K 179.0 contracts

Most Committed Institutions

Institutions with FIVN as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Legion Partners Asset Management, LLC Hedge Fund•Activist	David Alan Katz COO	7.75% $14.3M	0.77% 591.7K shares	Q3 2024 Held for 1y 2m	$184.8M
P P.A.W. CAPITAL CORP Hedge Fund•Long/Short	Peter Allen Wright CEO	7.01% $3.9M	0.21% 160.0K shares	Q2 2025 Held for 5 months	$55.2M
V Voss Capital LLC Institution	-	6.28% $110.1M	5.89% 4.6M shares	Q1 2025 Held for 8 months	$1.8B
A ABS Direct Equity Fund LLC Institution	-	5.19% $3.6M	0.19% 150.0K shares	Q2 2025 Held for 5 months	$69.9M
K Kopp Family Office, LLC Institution	-	4.71% $7.2M	0.39% 298.9K shares	Q4 2019 Held for 5y 11m	$153.6M
Frigate Ventures LP RIA/Wealth	Anthony Lawrence Moore CFO	4.49% $37.1M	1.99% 1.5M shares	Q3 2024 Held for 1y 2m	$827.1M
S S Squared Technology, LLC Hedge Fund•Long/Short	Kenneth A Goldblatt Managing Partner	3.22% $8.5M	0.45% 350.0K shares	Q2 2025 Held for 5 months	$263.0M
C Circumference Group LLC Hedge Fund•Multi-Strategy	Jeffrey Howard Fox CEO	2.83% $2.4M	0.13% 99.5K shares	Q3 2024 Held for 1y 2m	$85.2M
G Gagnon Advisors, LLC Hedge Fund•Long/Short	Neil Joseph Gagnon CEO	2.50% $4.1M	0.22% 167.4K shares	Q1 2016 Held for 9y 8m	$162.0M
Van Berkom & Associates Inc. Long Only Manager	Joannes Sebastian Van Berkom CEO	1.93% $68.0M	3.64% 2.8M shares	Q1 2024 Held for 1y 8m	$3.5B

Hedge Fund Spotlight

Discover hedge funds investing in FIVN

Quest Partners LLC

Hedge Fund • Quant Macro

Portfolio ManagerNigol (Nmn) Koulajian

Portfolio Value: $1.5B
Positions: 2,240
Last Reported: Q3 2025

Sector Allocation

Position in Five9

Market Value: $54.5K
Shares Held: 2.3K
Portfolio Weight: 0.00%
Owned Since: 2024-Q1

Top Holding	Sector	Market Value	Weight
1 iShares 7-10 Year Treasury Bond IEF	ETF ETF	$39.0M	2.54%
2 SPDR Portfolio Intermediate Term Treasury SPTI	ETF ETF	$6.5M	0.42%
3 SCHR Schwab Intermediately-Term U.S. Treasury SCHR	ETF ETF	$6.5M	0.42%

View full profile

Five9

Overview

All Institutions

Hedge Funds

Ownership Breakdown

Biggest Investors

Net Capital Flow

Biggest Buyers

Biggest Sellers

Entry and Exit Activity

New Positions

Exited Positions

Options Activity

Call Positions

Put Positions

Most Committed Institutions

Hedge Fund Spotlight

Position in Five9

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