Vault-13

ADVANCED ENERGY INDS AEIS 2.5 09.15.28

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

30 institutional holders -26 vs Q1 2026
334,121334.1k shares reported held*
$302.9mreported value*
9 new 1 added 17 reduced 34 sold out net sold ≈ $1.1bn (-35.5m 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 ≈ $906.46.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 24: 47Q4 24: 49Q1 25: 56Q2 25: 57Q3 25: 58Q4 25: 62Q1 26: 56Q2 26: 3030Q3 24Q1 25Q3 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 202447
Q4 202449
Q1 202556
Q2 202557
Q3 202558
Q4 202562
Q1 202656
Q2 202630

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 24: 21 bought or addedQ4 24: 18 cut or sold outQ4 24Q1 25: 29 bought or addedQ1 25: 20 cut or sold outQ2 25: 18 bought or addedQ2 25: 26 cut or sold outQ2 25Q3 25: 28 bought or addedQ3 25: 26 cut or sold outQ4 25: 26 bought or addedQ4 25: 35 cut or sold outQ4 25Q1 26: 24 bought or addedQ1 26: 36 cut or sold outQ2 26: 10 bought or addedQ2 26: 51 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 20242118
Q1 20252920
Q2 20251826
Q3 20252826
Q4 20252635
Q1 20262436
Q2 20261051

Biggest buyers

Elequin Capital, LP New +31,597,000+31.6m
SOROS FUND MANAGEMENT LLC New +16,821,000+16.8m
PIPER SANDLER & CO. New +9,000,000+9.0m
MORGAN STANLEY New +2,663,000+2.7m
ADVENT CAPITAL MANAGEMENT /DE/ Added +2,008,000+2.0m
VOYA INVESTMENT MANAGEMENT LLC New +1,250,000+1.2m
SSI INVESTMENT MANAGEMENT LLC New +1,249,000+1.2m
COMMONWEALTH EQUITY SERVICES, LLC New +17,000+17.0k
LANARK FINANCIAL, INC. New +5,000+5.0k
LAFFER TENGLER INVESTMENTS, INC. New +1,318+1.3k

Biggest sellers

Linden Advisors LP Sold out -50,507,000-50.5m
Alberta Investment Management Corp Sold out -45,000,000-45.0m
BNP PARIBAS FINANCIAL MARKETS Reduced -44,140,000-44.1m
Calamos Advisors LLC Reduced -43,781,000-43.8m
STEELHEAD PARTNERS LLC Sold out -40,500,000-40.5m
DLD Asset Management, LP Sold out -35,000,000-35.0m
MacKay Shields LLC Reduced -34,801,000-34.8m
MILLENNIUM MANAGEMENT LLC Reduced -27,256,000-27.3m
Balyasny Asset Management L.P. Sold out -21,500,000-21.5m
TENOR CAPITAL MANAGEMENT Co., L.P. Sold out -18,500,000-18.5m

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Elequin Capital, LP 2.88% of their portfolio NEW YORK, NY 31,597,00031.6m $86.2m $86.2m 2.88% New
2 SOROS FUND MANAGEMENT LLC 0.60% of their portfolio NEW YORK, NY 16,821,00016.8m $45.9m $45.9m 0.60% New
3 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 15,744,00015.7m $43.0m $43.0m 0.03% Reduced -27.3m -27,256,000
4 M&G PLC 0.13% of their portfolio London, X0 9,430,0009.4m $25.8m $25.8m 0.13% Reduced -1.6m -1,622,000
5 PIPER SANDLER & CO. 18.10% of their portfolio MINNEAPOLIS, MN 9,000,0009.0m $24.4m $24.4m 18.10% New
6 Aequim Alternative Investments LP 0.21% of their portfolio MILL VALLEY, CA 5,000,0005.0m $13.7m $13.7m 0.21% Unchanged
7 MacKay Shields LLC 0.44% of their portfolio New York, NY 4,843,0004.8m $13.2m $13.2m 0.44% Reduced -34.8m -34,801,000
8 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 4,187,0004.2m $11.4m $11.4m 0.03% Reduced -4.9m -4,890,000
9 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,663,0002.7m $6.8m $6.8m 0.00% New
10 ADVENT CAPITAL MANAGEMENT /DE/ 0.16% of their portfolio NEW YORK, NY 2,573,0002.6m $7.1m $7.1m 0.16% Added +2.0m +2,008,000
11 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,367,0001.4m $3.7m $3.7m 0.00% Reduced -619.0k -619,000
12 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 1,250,0001.2m $3.4m $3.4m 0.00% New
13 SSI INVESTMENT MANAGEMENT LLC 0.20% of their portfolio Los Angeles, CA 1,249,0001.2m $3.4m $3.4m 0.20% New
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,016,0001.0m $2.6m $2.6m 0.00% Reduced -460.0k -460,000
15 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 740,000740.0k $2.0m $2.0m 0.00% Reduced -44.1m -44,140,000
16 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 338,000338.0k $926.3k $926.3k 0.00% Reduced -100.0k -100,000
17 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 286,000286.0k $791.0k $791.0k 0.00% Reduced -43.8m -43,781,000
18 Calamos Wealth Management LLC 0.02% of their portfolio NAPERVILLE, IL 208,000208.0k $575.3k $575.3k 0.02% Reduced -316.0k -316,000
19 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 158,000158.0k $431.5k $431.5k 0.00% Reduced -3.0k -3,000
20 UBS Group AG 0.00% of their portfolio ZURICH, V8 82,00082.0k $223.9k $223.9k 0.00% Reduced -26.0k -26,000
21 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 80,00080.0k $218.5k $218.5k 0.00% Reduced -3.0k -3,000
22 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 48,00048.0k $131.1k $131.1k 0.00% Reduced -2.0k -2,000
23 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 17,00017.0k $46.4k $46.4k 0.00% New
24 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 17,00017.0k $46.4k $46.4k 0.00% Unchanged
25 Balboa Wealth Partners 0.00% of their portfolio SCOTTSDALE, AZ 10,00010.0k $27.4k $27.4k 0.00% Reduced -16.0k -16,000
26 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 7,7047.7k $2.9m $2.9m 0.00% Reduced -67.8k -67,757
27 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 5,0005.0k $13.7k $13.7k 0.00% New
28 LAFFER TENGLER INVESTMENTS, INC. 0.46% of their portfolio Scottsdale, AZ 1,3181.3k $3.6m $3.6m 0.46% New
29 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 9898 $268.3k $268.3k 0.01% Reduced -2 -2
30 Altshuler Shaham Ltd 0.00% of their portfolio Tel Aviv, L3 11 $15 $15 0.00% Unchanged