Vault-13

ANI PHARMACEUTICALS INC ANIP 2.25 09.01.29

NOTE 2.250% 9/0 · US DOMESTIC · CUSIP 00182CAC7

26 institutional holders -1 vs Q4 2025
27,486,35027.5m shares reported held*
$345.1mreported value*
6 new 8 added 8 reduced 7 sold out net bought ≈ $3.6m (+11.1m 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 ≈ $12.55.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0102030Q3 25: 24Q4 25: 27Q1 26: 2626Q3 25Q4 25Q1 26
Numbers
QuarterHolders
Q3 202524
Q4 202527
Q1 202626

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 25: 16 bought or addedQ4 25: 11 cut or sold outQ4 25Q1 26: 14 bought or addedQ1 26: 15 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q4 20251611
Q1 20261415

Biggest buyers

Balyasny Asset Management L.P. New +15,000,000+15.0m
READYSTATE ASSET MANAGEMENT LP New +14,400,000+14.4m
CITADEL ADVISORS LLC Added +10,000,000+10.0m
ARISTEIA CAPITAL, L.L.C. New +8,000,000+8.0m
Point72 Asset Management, L.P. Added +7,500,000+7.5m
Jump Financial, LLC New +3,500,000+3.5m
GOLDMAN SACHS GROUP INC Added +3,470,000+3.5m
Universal- Beteiligungs- und Servicegesellschaft mbH Added +2,730,000+2.7m
Empyrean Capital Partners, LP Added +2,500,000+2.5m
JPMORGAN CHASE & CO Added +2,388,000+2.4m

Biggest sellers

MILLENNIUM MANAGEMENT LLC Sold out -24,000,000-24.0m
Brevan Howard Capital Management LP Sold out -15,000,000-15.0m
Context Capital Management, LLC Sold out -10,000,000-10.0m
CITIGROUP INC Reduced -6,570,000-6.6m
SUSQUEHANNA ADVISORS GROUP, INC. Sold out -5,000,000-5.0m
PICTON MAHONEY ASSET MANAGEMENT Sold out -4,000,000-4.0m
Jefferies Financial Group Inc. Reduced -2,550,000-2.5m
HBK INVESTMENTS L P Reduced -2,500,000-2.5m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -2,500,000-2.5m
BNP PARIBAS FINANCIAL MARKETS Reduced -891,000-891.0k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CAMDEN ASSET MANAGEMENT L P /CA 1.71% of their portfolio Los Angeles, CA 40,517,00040.5m $50.2m $50.2m 1.71% Reduced -2.5m -2,500,000
2 Alberta Investment Management Corp 0.23% of their portfolio EDMONTON, A0 30,000,00030.0m $37.2m $37.2m 0.23% Unchanged
3 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 25,000,00025.0m $31.0m $31.0m 0.02% Added +10.0m +10,000,000
4 Empyrean Capital Partners, LP 0.97% of their portfolio LOS ANGELES, CA 23,500,00023.5m $29.1m $29.1m 0.97% Added +2.5m +2,500,000
5 HBK INVESTMENTS L P 0.31% of their portfolio DALLAS, TX 20,150,00020.1m $24.9m $24.9m 0.31% Reduced -2.5m -2,500,000
6 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 15,397,00015.4m $18.6m $18.6m 0.00% Added +2.4m +2,388,000
7 Balyasny Asset Management L.P. 0.04% of their portfolio Chicago, IL 15,000,00015.0m $18.6m $18.6m 0.04% New
8 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 15,000,00015.0m $18.6m $18.6m 0.03% Added +7.5m +7,500,000
9 READYSTATE ASSET MANAGEMENT LP 1.05% of their portfolio CHICAGO, IL 14,400,00014.4m $17.9m $17.9m 1.05% New
10 BlackRock, Inc. 0.00% of their portfolio New York, NY 12,660,00012.7m $15.7m $15.7m 0.00% Added +1.6m +1,600,000
11 ABSOLUTE INVESTMENT ADVISERS, LLC 1.67% of their portfolio ROSEMARY BEACH, FL 11,473,00011.5m $14.2m $14.2m 1.67% Unchanged
12 Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio FRANKFURT AM MAIN, 2M 8,040,0008.0m $10.0m $10.0m 0.02% Added +2.7m +2,730,000
13 ARISTEIA CAPITAL, L.L.C. 0.23% of their portfolio GREENWICH, CT 8,000,0008.0m $9.9m $9.9m 0.23% New
14 Jefferies Financial Group Inc. 0.08% of their portfolio NEW YORK, NY 5,070,0005.1m $6.3m $6.3m 0.08% Reduced -2.5m -2,550,000
15 GABELLI FUNDS LLC 0.04% of their portfolio Rye, NY 5,050,0005.0m $6.3m $6.3m 0.04% Unchanged
16 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 4,970,0005.0m $6.2m $6.2m 0.00% Added +3.5m +3,470,000
17 Jump Financial, LLC 0.06% of their portfolio Chicago, IL 3,500,0003.5m $4.3m $4.3m 0.06% New
18 FMR LLC 0.00% of their portfolio BOSTON, MA 2,564,0002.6m $3.2m $3.2m 0.00% Unchanged
19 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,500,0001.5m $1.9m $1.9m 0.00% Reduced -6.6m -6,570,000
20 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $1.2m $1.2m 0.00% Added +150.0k +150,000
21 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 649,000649.0k $803.5k $803.5k 0.00% Reduced -891.0k -891,000
22 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 380,000380.0k $469.0k $469.0k 0.00% New
23 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 351,000351.0k $4.4k $4.4k 0.00% Reduced -609.0k -609,000
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 337,000337.0k $417.2k $417.2k 0.00% Reduced -500.0k -500,000
25 Boussard & Gavaudan Investment Management LLP 1.58% of their portfolio London, X0 13,35013.3k $16.5m $16.5m 1.58% Reduced -5.2k -5,150
26 Alken Asset Management Ltd 2.88% of their portfolio LONDON, X0 1,3001.3k $1.6m $1.6m 2.88% New