Vault-13

ADVANCED ENERGY INDS AEIS 2.5 09.15.28

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

56 institutional holders -6 vs Q4 2025
35,884,52435.9m shares reported held*
$1.3bnreported value*
10 new 14 added 20 reduced 16 sold out net bought ≈ $16.7m (+15.5m 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 ≈ $36.09.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 24: 47Q4 24: 49Q1 25: 56Q2 25: 57Q3 25: 58Q4 25: 62Q1 26: 5656Q3 24Q1 25Q3 25Q1 26
Numbers
QuarterHolders
Q3 202447
Q4 202449
Q1 202556
Q2 202557
Q3 202558
Q4 202562
Q1 202656

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 25Q2 25: 18 bought or addedQ2 25: 26 cut or sold outQ2 25Q3 25: 28 bought or addedQ3 25: 26 cut or sold outQ3 25Q4 25: 26 bought or addedQ4 25: 35 cut or sold outQ4 25Q1 26: 24 bought or addedQ1 26: 36 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q4 20242118
Q1 20252920
Q2 20251826
Q3 20252826
Q4 20252635
Q1 20262436

Biggest buyers

BNP PARIBAS FINANCIAL MARKETS Added +23,771,000+23.8m
Balyasny Asset Management L.P. New +21,500,000+21.5m
MILLENNIUM MANAGEMENT LLC Added +18,000,000+18.0m
DLD Asset Management, LP Added +16,750,000+16.8m
Alberta Investment Management Corp Added +10,000,000+10.0m
Jain Global LLC New +8,500,000+8.5m
LORD, ABBETT & CO. LLC Added +7,495,000+7.5m
LAZARD ASSET MANAGEMENT LLC New +6,740,000+6.7m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +6,634,000+6.6m
SSI INVESTMENT MANAGEMENT LLC New +5,948,000+5.9m

Biggest sellers

Opti Capital Management, LP Sold out -14,338,000-14.3m
Point72 Asset Management, L.P. Sold out -13,500,000-13.5m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Sold out -8,500,000-8.5m
Linden Advisors LP Reduced -8,045,000-8.0m
SILVERBACK ASSET MANAGEMENT LLC Sold out -7,500,000-7.5m
ABSOLUTE INVESTMENT ADVISERS, LLC Sold out -7,500,000-7.5m
M&G PLC Reduced -6,524,000-6.5m
JPMORGAN CHASE & CO Reduced -6,428,000-6.4m
SSI INVESTMENT MANAGEMENT LLC Sold out -6,315,000-6.3m
BANK OF AMERICA CORP /DE/ Reduced -5,229,000-5.2m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.68% of their portfolio New York, NY 50,507,00050.5m $121.5m $121.5m 0.68% Reduced -8.0m -8,045,000
2 Alberta Investment Management Corp 0.67% of their portfolio EDMONTON, A0 45,000,00045.0m $108.1m $108.1m 0.67% Added +10.0m +10,000,000
3 BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio PARIS, I0 44,880,00044.9m $107.9m $107.9m 0.07% Added +23.8m +23,771,000
4 Calamos Advisors LLC 0.41% of their portfolio NAPERVILLE, IL 44,067,00044.1m $105.8m $105.8m 0.41% Added +585.0k +585,000
5 MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 43,000,00043.0m $103.6m $103.6m 0.08% Added +18.0m +18,000,000
6 STEELHEAD PARTNERS LLC 7.01% of their portfolio SEATTLE, WA 40,500,00040.5m $97.5m $97.5m 7.01% Added +500.0k +500,000
7 MacKay Shields LLC 3.50% of their portfolio New York, NY 39,644,00039.6m $95.4m $95.4m 3.50% Reduced -5.0m -4,994,000
8 DLD Asset Management, LP 8.55% of their portfolio NEW YORK, NY 35,000,00035.0m $84.3m $84.3m 8.55% Added +16.8m +16,750,000
9 Balyasny Asset Management L.P. 0.10% of their portfolio Chicago, IL 21,500,00021.5m $51.7m $51.7m 0.10% New
10 TENOR CAPITAL MANAGEMENT Co., L.P. 0.69% of their portfolio NEW YORK, NY 18,500,00018.5m $44.6m $44.6m 0.69% Added +6.6m +6,634,000
11 FMR LLC 0.00% of their portfolio BOSTON, MA 12,893,00012.9m $31.0m $31.0m 0.00% Added +500.0k +500,000
12 ARISTEIA CAPITAL, L.L.C. 0.66% of their portfolio GREENWICH, CT 12,000,00012.0m $28.9m $28.9m 0.66% Added +2.0m +2,000,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,975,00012.0m $28.7m $28.7m 0.00% Reduced -50.0k -50,000
14 M&G PLC 0.14% of their portfolio London, X0 11,052,00011.1m $26.5m $26.5m 0.14% Reduced -6.5m -6,524,000
15 BlackRock, Inc. 0.00% of their portfolio New York, NY 9,550,0009.6m $23.0m $23.0m 0.00% Reduced -4.9m -4,890,000
16 LORD, ABBETT & CO. LLC 0.07% of their portfolio JERSEY CITY, NJ 9,077,0009.1m $21.8m $21.8m 0.07% Added +7.5m +7,495,000
17 Jain Global LLC 0.26% of their portfolio NEW YORK, NY 8,500,0008.5m $20.5m $20.5m 0.26% New
18 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 6,740,0006.7m $162.2k $162.2k 0.00% New
19 SSI INVESTMENT MANAGEMENT LLC 0.99% of their portfolio Los Angeles, CA 5,948,0005.9m $14.3m $14.3m 0.99% New
20 PICTON MAHONEY ASSET MANAGEMENT 0.13% of their portfolio Toronto, A6 5,000,0005.0m $12.0m $12.0m 0.13% New
21 Aequim Alternative Investments LP 0.23% of their portfolio MILL VALLEY, CA 5,000,0005.0m $12.0m $12.0m 0.23% Unchanged
22 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 4,476,0004.5m $10.8m $10.8m 0.00% Reduced -349.0k -349,000
23 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 3,504,0003.5m $8.4m $8.4m 0.00% Reduced -1.5m -1,500,000
24 OFI INVEST ASSET MANAGEMENT 0.07% of their portfolio ISSY LES MOULINEAUX, I0 2,500,0002.5m $5.2m $5.2m 0.07% Reduced -1.4m -1,400,000
25 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 2,320,0002.3m $5.6m $5.6m 0.01% Reduced -1.7m -1,680,000
26 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,000,0002.0m $4.8m $4.8m 0.00% Reduced -1.0m -1,000,000
27 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,986,0002.0m $4.8m $4.8m 0.00% Reduced -1.2m -1,248,000
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,476,0001.5m $3.3m $3.3m 0.00% Reduced -6.4m -6,428,000
29 DeepCurrents Investment Group LLC 0.13% of their portfolio NEW YORK, NY 1,335,0001.3m $3.2m $3.2m 0.13% New
30 Union Bancaire Privee, UBP SA 0.03% of their portfolio GENEVA 1, V8 1,120,0001.1m $2.3m $2.3m 0.03% Reduced -575.0k -575,000
31 SHENKMAN CAPITAL MANAGEMENT INC 0.30% of their portfolio NEW YORK, NY 1,050,0001.1m $2.5m $2.5m 0.30% Reduced -2.5m -2,486,000
32 ADVENT CAPITAL MANAGEMENT /DE/ 0.04% of their portfolio NEW YORK, NY 565,000565.0k $1.4m $1.4m 0.04% Reduced -3.0m -3,050,000
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 546,000546.0k $1.3m $1.3m 0.00% Added +182.0k +182,000
34 Calamos Wealth Management LLC 0.04% of their portfolio NAPERVILLE, IL 524,000524.0k $1.3m $1.3m 0.04% Added +9.0k +9,000
35 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 438,000438.0k $1.1m $1.1m 0.00% Reduced -862.0k -862,000
36 Kohlberg Kravis Roberts & Co. L.P. 0.02% of their portfolio NEW YORK, NY 375,000375.0k $902.4k $902.4k 0.02% Unchanged
37 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 375,000375.0k $886.1k $886.1k 0.00% New
38 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 325,000325.0k $781.2k $781.2k 0.00% Unchanged
39 Central Pacific Bank - Trust Division 0.06% of their portfolio HONOLULU, HI 205,000205.0k $492.8k $492.8k 0.06% Unchanged
40 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 204,000204.0k $490.4k $490.4k 0.00% Reduced -5.2m -5,229,000
41 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $480.8k $480.8k 0.00% Unchanged
42 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 161,000161.0k $387.0k $387.0k 0.00% Reduced -4.0k -4,000
43 ZAZOVE ASSOCIATES LLC 0.01% of their portfolio INCLINE VILLAGE, NV 150,000150.0k $246.2k $246.2k 0.01% Unchanged
44 UBS Group AG 0.00% of their portfolio ZURICH, V8 108,000108.0k $259.6k $259.6k 0.00% New
45 Ares Systematic Credit Ltd 0.18% of their portfolio LONDON, X0 100,000100.0k $223.4k $223.4k 0.18% Reduced -900.0k -900,000
46 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 83,00083.0k $199.5k $199.5k 0.00% Added +2.0k +2,000
47 LOOMIS SAYLES & CO L P 0.03% of their portfolio BOSTON, MA 75,46175.5k $24.4m $24.4m 0.03% Reduced -4.9k -4,880
48 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 50,00050.0k $120.2k $120.2k 0.00% Unchanged
49 VIRTUS ADVISERS, LLC 0.05% of their portfolio HARTFORD, CT 47,00047.0k $113.0k $113.0k 0.05% Unchanged
50 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 26,00026.0k $62.4k $62.4k 0.01% Unchanged
51 Boussard & Gavaudan Investment Management LLP 5.45% of their portfolio London, X0 24,96225.0k $56.8m $56.8m 5.45% Added +2.2k +2,184
52 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 17,00017.0k $40.9k $40.9k 0.00% Unchanged
53 K2 PRINCIPAL FUND, L.P. 1.01% of their portfolio TORONTO, A6 4,0004.0k $9.6m $9.6m 1.01% Unchanged
54 LAFFER TENGLER INVESTMENTS, INC. 0.48% of their portfolio Scottsdale, AZ 1,3441.3k $3.2m $3.2m 0.48% New
55 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 100100 $240.5k $240.5k 0.01% Unchanged
56 Altshuler Shaham Ltd 0.00% of their portfolio Tel Aviv, L3 11 $13 $13 0.00% New