Vault-13

ADVANCED ENERGY INDS AEIS 2.5 09.15.28

NOTE 2.500% 9/1 · US DOMESTIC · CUSIP 007973AE0

56 institutional holders +7 vs Q4 2024
23,377,38523.4m shares reported held*
$594.3mreported value*
14 new 15 added 13 reduced 7 sold out net bought ≈ $17.7m (+8.8m 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 ≈ $25.42.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 24: 47Q4 24: 49Q1 25: 5656Q3 24Q4 24Q1 25
Numbers
QuarterHolders
Q3 202447
Q4 202449
Q1 202556

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 24: 21 bought or addedQ4 24: 18 cut or sold outQ4 24Q1 25: 29 bought or addedQ1 25: 20 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q4 20242118
Q1 20252920

Biggest buyers

STEELHEAD PARTNERS LLC Added +53,800,000+53.8m
VOYA INVESTMENT MANAGEMENT LLC Added +32,400,000+32.4m
ZAZOVE ASSOCIATES LLC Added +16,610,000+16.6m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +12,500,000+12.5m
MacKay Shields LLC Added +5,492,000+5.5m
Socorro Asset Management LP Added +5,000,000+5.0m
BlackRock, Inc. Added +4,855,000+4.9m
M&G PLC Added +4,656,000+4.7m
OFI INVEST ASSET MANAGEMENT New +3,900,000+3.9m
TORONTO DOMINION BANK New +2,000,000+2.0m

Biggest sellers

Linden Advisors LP Reduced -68,000,000-68.0m
CITADEL ADVISORS LLC Sold out -25,000,000-25.0m
Alberta Investment Management Corp Sold out -7,500,000-7.5m
OAKTREE CAPITAL MANAGEMENT LP Sold out -7,122,000-7.1m
WOLVERINE ASSET MANAGEMENT LLC Reduced -6,500,000-6.5m
Wellesley Asset Management Reduced -5,422,000-5.4m
BARCLAYS PLC Reduced -3,483,000-3.5m
CITIGROUP INC Sold out -2,366,000-2.4m
ABSOLUTE INVESTMENT ADVISERS, LLC Reduced -2,000,000-2.0m
BANK OF MONTREAL /CAN/ Reduced -1,234,000-1.2m

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.50% of their portfolio New York, NY 71,283,00071.3m $73.3m $73.3m 0.50% Reduced -68.0m -68,000,000
2 STEELHEAD PARTNERS LLC 4.08% of their portfolio SEATTLE, WA 68,800,00068.8m $70.7m $70.7m 4.08% Added +53.8m +53,800,000
3 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 50,400,00050.4m $51.8m $51.8m 0.03% Added +32.4m +32,400,000
4 MacKay Shields LLC 1.51% of their portfolio New York, NY 45,624,00045.6m $46.8m $46.8m 1.51% Added +5.5m +5,492,000
5 ZAZOVE ASSOCIATES LLC 3.34% of their portfolio INCLINE VILLAGE, NV 38,045,00038.0m $39.0m $39.0m 3.34% Added +16.6m +16,610,000
6 WOLVERINE ASSET MANAGEMENT LLC 0.68% of their portfolio CHICAGO, IL 33,905,00033.9m $34.9m $34.9m 0.68% Reduced -6.5m -6,500,000
7 BlackRock, Inc. 0.00% of their portfolio New York, NY 27,315,00027.3m $27.9m $27.9m 0.00% Added +4.9m +4,855,000
8 Calamos Advisors LLC 0.12% of their portfolio NAPERVILLE, IL 24,284,00024.3m $24.9m $24.9m 0.12% Added +28.0k +28,000
9 M&G PLC 0.11% of their portfolio London, X0 22,993,00023.0m $23.5m $23.5m 0.11% Added +4.7m +4,656,000
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 19,908,00019.9m $20.5m $20.5m 0.00% Reduced -933.0k -933,000
11 Empyrean Capital Partners, LP 1.06% of their portfolio LOS ANGELES, CA 19,212,00019.2m $19.8m $19.8m 1.06% Added +1.2m +1,212,000
12 Kohlberg Kravis Roberts & Co. L.P. 0.29% of their portfolio NEW YORK, NY 12,500,00012.5m $12.7m $12.7m 0.29% Unchanged
13 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.03% of their portfolio TORONTO, A6 12,500,00012.5m $12.8m $12.8m 0.03% New
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,450,00011.4m $11.7m $11.7m 0.00% Reduced -1.2m -1,200,000
15 SHENKMAN CAPITAL MANAGEMENT INC 1.09% of their portfolio NEW YORK, NY 10,145,00010.1m $10.7m $10.7m 1.09% Added +40.0k +40,000
16 FMR LLC 0.00% of their portfolio BOSTON, MA 10,025,00010.0m $10.2m $10.2m 0.00% Unchanged
17 ABSOLUTE INVESTMENT ADVISERS, LLC 1.50% of their portfolio ROSEMARY BEACH, FL 10,000,00010.0m $10.3m $10.3m 1.50% Reduced -2.0m -2,000,000
18 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 8,003,0008.0m $8.2m $8.2m 0.00% Reduced -997.0k -997,000
19 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 7,507,0007.5m $7.7m $7.7m 0.01% First filing
20 Socorro Asset Management LP 2.49% of their portfolio DALLAS, TX 7,000,0007.0m $7.2m $7.2m 2.49% Added +5.0m +5,000,000
21 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 6,800,0006.8m $7.0m $7.0m 0.01% Added +1.5m +1,500,000
22 CAMDEN ASSET MANAGEMENT L P /CA 0.17% of their portfolio Los Angeles, CA 6,150,0006.2m $6.3m $6.3m 0.17% Unchanged
23 SSI INVESTMENT MANAGEMENT LLC 0.46% of their portfolio Los Angeles, CA 5,747,9995.7m $5.9m $5.9m 0.46% Reduced -466.0k -466,001
24 Union Bancaire Privee, UBP SA 0.08% of their portfolio GENEVA 1, V8 4,505,0004.5m $4.4m $4.4m 0.08% Added +140.0k +140,000
25 OFI INVEST ASSET MANAGEMENT 0.10% of their portfolio ISSY LES MOULINEAUX, I0 3,900,0003.9m $3.7m $3.7m 0.10% New
26 Wellesley Asset Management 0.37% of their portfolio PORTSMOUTH, NH 3,566,0003.6m $3.7m $3.7m 0.37% Reduced -5.4m -5,422,000
27 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 2,500,0002.5m $2.6m $2.6m 0.02% Added +1.0m +1,000,000
28 Man Group plc 0.01% of their portfolio LONDON, X0 2,450,0002.5m $2.5m $2.5m 0.01% Unchanged
29 RWC Asset Management LLP 0.12% of their portfolio LONDON, X0 2,200,0002.2m $2.3m $2.3m 0.12% Reduced -100.0k -100,000
30 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,128,0002.1m $2.2m $2.2m 0.00% Added +1.5m +1,492,000
31 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,000,0002.0m $2.0m $2.0m 0.00% Unchanged
32 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 2,000,0002.0m $2.0m $2.0m 0.01% New
33 Ameritas Investment Partners, Inc. 0.05% of their portfolio LINCOLN, NE 1,540,0001.5m $1.6m $1.6m 0.05% New
34 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,420,0001.4m $1.5m $1.5m 0.00% Unchanged
35 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 1,200,0001.2m $1.2m $1.2m 0.00% Added +700.0k +700,000
36 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,174,0001.2m $1.2m $1.2m 0.00% New
37 PALISADE CAPITAL MANAGEMENT, LP 0.03% of their portfolio FORT LEE, NJ 875,000875.0k $901.0k $901.0k 0.03% Unchanged
38 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 500,000500.0k $513.0k $513.0k 0.00% New
39 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 325,000325.0k $332.2k $332.2k 0.00% Unchanged
40 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 302,000302.0k $310.2k $310.2k 0.00% Reduced -8.0k -8,000
41 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $309.3k $309.3k 0.00% Unchanged
42 Central Pacific Bank - Trust Division 0.03% of their portfolio HONOLULU, HI 237,000237.0k $242.3k $242.3k 0.03% Unchanged
43 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 226,000226.0k $231.6k $231.6k 0.00% Reduced -1.2m -1,234,000
44 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $205.0k $205.0k 0.00% Unchanged
45 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 199,000199.0k $205.1k $205.1k 0.00% Reduced -3.5m -3,483,000
46 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 164,000164.0k $167.6k $167.6k 0.00% New
47 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 161,000161.0k $165.0k $165.0k 0.01% Reduced -2.0k -2,000
48 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 81,00081.0k $83.0k $83.0k 0.00% New
49 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 50,00050.0k $51.1k $51.1k 0.00% New
50 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 30,00030.0k $30.7k $30.7k 0.01% New
51 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 11,24411.2k $11.2k $11.2k 0.00% New
52 Boussard & Gavaudan Investment Management LLP 1.62% of their portfolio London, X0 10,00010.0k $10.3m $10.3m 1.62% New
53 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 6,0006.0k $6.0k $6.0k 0.00% New
54 K2 PRINCIPAL FUND, L.P. 0.63% of their portfolio TORONTO, A6 4,0004.0k $4.1m $4.1m 0.63% Unchanged
55 LAFFER TENGLER INVESTMENTS, INC. 0.30% of their portfolio Scottsdale, AZ 1,3851.4k $1.4m $1.4m 0.30% New
56 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged