Five9 Inc (FIVN): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Five9 Inc (FIVN) following the 2026 Q1 hedge fund 13F filings?

As of today, FIVN has moved -1.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLK sector ETF — an outperformance of -6.7%. Since the quarter end (March 31, 2026), FIVN gained +39.9% vs +39.1% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Five9 Inc (FIVN)

285 + Investors. Track Smart Money conviction in FIVN. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — FIVN

Based on 287 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added FIVN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

📊

High ownership — 84% of 3.0Y peak

84% of all-time peak

287 funds currently hold this stock — 84% of the 3.0-year high of 341 funds (reached 2023 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

📉

Outflows — 6% fewer funds vs a year ago

fund count last 6Q

19 fewer hedge funds hold FIVN compared to a year ago (-6% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.

🟡

Slight buying edge — 55% buying

174 buying140 selling

Last quarter: 174 funds bought or added vs 140 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

➡️

Steady new buyers — ~54 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 49 → 53 → 54 → 54. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 21% medium ■ 20% new

171 out of 287 hedge funds have held FIVN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💎

Buying through price weakness — shares -6%, value -34%

Value

-33%

-5%

Last quarter: funds added -6% more shares while total portfolio value only changed -34%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

➡️

Steady discovery — ~54 new funds/quarter

60 → 49 → 53 → 54 → 54 new funds/Q

New funds entering each quarter: 49 → 53 → 54 → 54. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Veteran-anchored — 68% veterans vs 24% newcomers

■ 68% veterans ■ 8% 1-2yr ■ 24% new

Entry-cohort mix of 309 holders: 209 (68%) are 2+ year veterans, 25 entered 1–2 years ago, and 75 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds

53 of 284 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

2.7

out of 10

Low Exit Risk

Exit risk score 2.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	285	282	1.06%
13F Shares	84M	90M	-6.3%
Total Value	$1.18B	$1.80B	-34.26%
New Positions	53	54	-1
Increased Positions	108	109	-1
Closed Positions	50	75	-25
Reduced Positions	88	88	-
Total Calls	13	17	-23.53%
Total Puts	12	14	-14.29%
PUT/CALL Ratio	0.92	0.82	Neutral

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

285

282

1.06%

13F Shares

84M

90M

-6.3%

Total Value

$1.18B

$1.80B

-34.26%

New Positions

-1

Increased Positions

108

109

-1

Closed Positions

-25

Reduced Positions

Total Calls

-23.53%

Total Puts

-14.29%

PUT/CALL Ratio

0.92

0.82

Neutral

Institutional Holders (2026 Q1)

285 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FIVN. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 FIVN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	P.A.W. Capital Corp	10.32%	250,000	$3.8M
2	Legion Partners Asset Management, LLC	6.52%	591,685	$9.0M
3	Voss Capital, LP	4.69%	5,825,000	$88.4M
4	Gagnon Advisors, LLC	3.75%	336,277	$5.1M
5	S Squared Technology, LLC	3.07%	535,195	$8.1M
6	Anson Funds Management LP	2.78%	2,086,675	$31.7M
7	Gagnon Securities LLC	2.18%	622,064	$9.4M
8	ABS Direct Equity Fund LLC	1.91%	165,000	$2.5M
9	Villanova Investment Management Co LLC	1.42%	91,065	$1.4M
10	Nierenberg Investment Management Company, LLC	1.02%	135,810	$2.1M
11	HERALD INVESTMENT MANAGEMENT Ltd	0.77%	362,000	$5.5M
12	Prospect Capital Advisors, LLC	0.75%	89,340	$1.4M
13	Invenomic Capital Management LP	0.65%	936,788	$14.2M
14	Generali Investments Towarzystwo Funduszy Inwestycyjnych	0.58%	74,000	$1.1M
15	Aurora Investment Counsel	0.57%	67,625	$1.0M
16	Armistice Capital, LLC	0.43%	1,592,000	$24.2M
17	Militia Capital Management LLC	0.40%	115,663	$1.8M
18	Ares Systematic Credit Ltd	0.36%	31,262	$462K
19	Armistice Capital, LLC	0.34%	1,250,000	$19.0M
20	EntryPoint Capital, LLC	0.31%	68,983	$1.0M
21	Optimus Prime Fund Management Co., Ltd.	0.23%	154,500	$2.3M
22	Dark Forest Capital Management LP	0.16%	119,732	$1.8M
23	Rock Creek Group LLC	0.15%	100,000	$1.5M
24	Finivi Inc.	0.15%	18,107	$275K
25	Quinn Opportunity Partners LLC	0.15%	189,693	$2.9M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Five9 Inc (FIVN)

What does the Smart Money Trend signal show for FIVN?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added FIVN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for FIVN?

Slight buying edge — 55% buying: Last quarter: 174 funds bought or added vs 140 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for FIVN holders?

Strong quality — 34% AUM from major funds: 53 of 284 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held FIVN?

60% of holders stayed for 2+ years: 171 out of 287 hedge funds have held FIVN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Five9 Inc (FIVN) following the 2026 Q1 hedge fund 13F filings?

As of today, FIVN has moved -1.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLK sector ETF — an outperformance of -6.7%. Since the quarter end (March 31, 2026), FIVN has gained +39.9% vs +39.1% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Five9 Inc (FIVN)

Smart Money Signals — FIVN

Buying streak — 1 quarter in a row

High ownership — 84% of 3.0Y peak

Outflows — 6% fewer funds vs a year ago

Slight buying edge — 55% buying

Steady new buyers — ~54 new funds per quarter

60% of holders stayed for 2+ years

Buying through price weakness — shares -6%, value -34%

Steady discovery — ~54 new funds/quarter

Veteran-anchored — 68% veterans vs 24% newcomers

Strong quality — 34% AUM from major funds

Institutional Sentiment Summary — FIVN

Hedge Fund Ownership: FIVN

Market Analysis: FIVN

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FIVN

Is It Too Late to Buy Five9 Inc (FIVN) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: FIVN

Statistics: FIVN

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Five9 Inc (FIVN)

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