Vault-13

AKAMAI TECHNOLOGIES INC AKAM 0.375 09.01.27

NOTE 0.375% 9/0 · US DOMESTIC · CUSIP 00971TAL5

80 institutional holders -4 vs Q3 2025
22,939,00022.9m shares reported held*
$1.3bnreported value*
15 new 18 added 20 reduced 19 sold out net bought ≈ $55.7m (+6.5m 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 ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $55.22.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 79Q4 22: 78Q1 23: 81Q2 23: 88Q3 23: 95Q4 23: 99Q1 24: 96Q2 24: 98Q3 24: 103Q4 24: 103Q1 25: 98Q2 25: 93Q3 25: 84Q4 25: 8080Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202279
Q4 202278
Q1 202381
Q2 202388
Q3 202395
Q4 202399
Q1 202496
Q2 202498
Q3 2024103
Q4 2024103
Q1 202598
Q2 202593
Q3 202584
Q4 202580

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 45 bought or addedQ1 24: 38 cut or sold outQ2 24: 36 bought or addedQ2 24: 44 cut or sold outQ2 24Q3 24: 43 bought or addedQ3 24: 43 cut or sold outQ4 24: 35 bought or addedQ4 24: 55 cut or sold outQ4 24Q1 25: 43 bought or addedQ1 25: 50 cut or sold outQ2 25: 32 bought or addedQ2 25: 49 cut or sold outQ2 25Q3 25: 32 bought or addedQ3 25: 42 cut or sold outQ4 25: 33 bought or addedQ4 25: 39 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20244538
Q2 20243644
Q3 20244343
Q4 20243555
Q1 20254350
Q2 20253249
Q3 20253242
Q4 20253339

Biggest buyers

SONA ASSET MANAGEMENT (US) LLC New +105,002,000+105.0m
BlackRock, Inc. Added +38,225,000+38.2m
DeepCurrents Investment Group LLC New +15,000,000+15.0m
SILVERBACK ASSET MANAGEMENT LLC New +12,000,000+12.0m
Balyasny Asset Management L.P. Added +8,500,000+8.5m
LORD, ABBETT & CO. LLC New +8,300,000+8.3m
Point72 Asset Management, L.P. Added +7,500,000+7.5m
Focus Partners Wealth New +4,021,000+4.0m
TORONTO DOMINION BANK Added +4,002,000+4.0m
PALISADE CAPITAL MANAGEMENT, LP New +3,912,000+3.9m

Biggest sellers

MOORE CAPITAL MANAGEMENT, LP Sold out -30,444,000-30.4m
SOROS FUND MANAGEMENT LLC Sold out -23,000,000-23.0m
READYSTATE ASSET MANAGEMENT LP Sold out -20,000,000-20.0m
JPMORGAN CHASE & CO Reduced -18,781,000-18.8m
Calamos Advisors LLC Reduced -12,976,000-13.0m
Magnetar Financial LLC Reduced -11,938,000-11.9m
LAZARD ASSET MANAGEMENT LLC Reduced -11,818,000-11.8m
Nuveen, LLC Sold out -9,790,000-9.8m
MacKay Shields LLC Reduced -9,585,000-9.6m
BlueCrest Capital Management Ltd Reduced -8,471,000-8.5m

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 2.44% of their portfolio NEW YORK, NY 171,514,000171.5m $173.1m $173.1m 2.44% Unchanged
2 VOYA INVESTMENT MANAGEMENT LLC 0.12% of their portfolio ATLANTA, GA 125,200,000125.2m $125.8m $125.8m 0.12% Unchanged
3 SONA ASSET MANAGEMENT (US) LLC 3.43% of their portfolio NEW YORK, NY 105,002,000105.0m $105.7m $105.7m 3.43% New
4 STEELHEAD PARTNERS LLC 5.07% of their portfolio SEATTLE, WA 68,150,00068.2m $68.6m $68.6m 5.07% Added +3.1m +3,150,000
5 Balyasny Asset Management L.P. 0.12% of their portfolio Chicago, IL 63,500,00063.5m $63.9m $63.9m 0.12% Added +8.5m +8,500,000
6 TUDOR INVESTMENT CORP ET AL 0.31% of their portfolio STAMFORD, CT 56,203,00056.2m $56.7m $56.7m 0.31% Unchanged
7 Calamos Advisors LLC 0.21% of their portfolio NAPERVILLE, IL 49,700,00049.7m $50.0m $50.0m 0.21% Reduced -13.0m -12,976,000
8 BlackRock, Inc. 0.00% of their portfolio New York, NY 47,626,00047.6m $47.7m $47.7m 0.00% Added +38.2m +38,225,000
9 MacKay Shields LLC 1.19% of their portfolio New York, NY 33,859,00033.9m $34.0m $34.0m 1.19% Reduced -9.6m -9,585,000
10 CAPSTONE INVESTMENT ADVISORS, LLC 0.27% of their portfolio NEW YORK, NY 32,610,00032.6m $32.8m $32.8m 0.27% Reduced -2.5m -2,500,000
11 Wellesley Asset Management 3.06% of their portfolio PORTSMOUTH, NH 29,398,00029.4m $29.4m $29.4m 3.06% Reduced -1.5m -1,464,000
12 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 24,150,00024.1m $24.3m $24.3m 0.02% Unchanged
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 24,032,00024.0m $24.2m $24.2m 0.00% Added +1.1m +1,100,000
14 Walleye Capital LLC 0.10% of their portfolio NEW YORK, NY 18,000,00018.0m $18.1m $18.1m 0.10% Added +500.0k +500,000
15 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 17,500,00017.5m $17.6m $17.6m 0.03% Added +7.5m +7,500,000
16 DeepCurrents Investment Group LLC 0.56% of their portfolio NEW YORK, NY 15,000,00015.0m $15.1m $15.1m 0.56% New
17 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 14,502,00014.5m $145.7k $145.7k 0.00% Reduced -11.8m -11,818,000
18 SILVERBACK ASSET MANAGEMENT LLC 1.80% of their portfolio DURHAM, NC 12,000,00012.0m $12.1m $12.1m 1.80% New
19 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 11,837,00011.8m $11.9m $11.9m 0.01% Added +1.1m +1,123,000
20 INCOME RESEARCH & MANAGEMENT 5.30% of their portfolio Boston, MA 10,068,00010.1m $10.1m $10.1m 5.30% Added +305.0k +305,000
21 ADVENT CAPITAL MANAGEMENT /DE/ 0.22% of their portfolio NEW YORK, NY 9,356,0009.4m $9.4m $9.4m 0.22% Reduced -85.0k -85,000
22 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 9,169,0009.2m $9.2m $9.2m 0.02% Added +1.0m +1,000,000
23 TORONTO DOMINION BANK 0.02% of their portfolio TORONTO, ONTARIO, A6 9,002,0009.0m $9.1m $9.1m 0.02% Added +4.0m +4,002,000
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,703,0008.7m $8.8m $8.8m 0.00% Reduced -18.8m -18,781,000
25 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,448,0008.4m $8.5m $8.5m 0.00% Added +871.0k +871,000
26 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 8,300,0008.3m $8.3m $8.3m 0.03% New
27 BlueCrest Capital Management Ltd 0.32% of their portfolio ST HELIER, Y9 8,270,0008.3m $8.3m $8.3m 0.32% Reduced -8.5m -8,471,000
28 KIM, LLC 0.86% of their portfolio WICHITA, KS 7,500,0007.5m $7.5m $7.5m 0.86% Unchanged
29 CONNING INC. 0.25% of their portfolio HARTFORD, CT 7,320,0007.3m $7.3m $7.3m 0.25% Unchanged
30 CREDIT INDUSTRIEL ET COMMERCIAL 0.74% of their portfolio PARIS FRANCE, I0 5,000,0005.0m $5.0m $5.0m 0.74% Unchanged
31 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,032,0004.0m $4.0m $4.0m 0.00% Reduced -2.7m -2,657,000
32 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 4,021,0004.0m $4.0m $4.0m 0.00% New
33 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 4,000,0004.0m $4.0m $4.0m 0.00% Added +2.0m +2,000,000
34 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 3,950,0004.0m $4.0m $4.0m 0.01% Reduced -2.0m -2,000,000
35 PALISADE CAPITAL MANAGEMENT, LP 0.12% of their portfolio FORT LEE, NJ 3,912,0003.9m $3.9m $3.9m 0.12% New
36 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,341,0003.3m $3.3m $3.3m 0.00% Added +3.1m +3,131,000
37 Magnetar Financial LLC 0.03% of their portfolio EVANSTON, IL 3,062,0003.1m $3.1m $3.1m 0.03% Reduced -11.9m -11,938,000
38 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $3.0m $3.0m 0.01% Unchanged
39 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 2,711,0002.7m $2.7m $2.7m 0.00% First filing
40 FMR LLC 0.00% of their portfolio BOSTON, MA 2,500,0002.5m $2.5m $2.5m 0.00% Unchanged
41 Man Group plc 0.00% of their portfolio LONDON, X0 2,491,0002.5m $2.5m $2.5m 0.00% Reduced -1.9m -1,950,000
42 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 2,485,0002.5m $2.5m $2.5m 0.00% New
43 Ares Systematic Credit Ltd 1.88% of their portfolio LONDON, X0 2,300,0002.3m $2.3m $2.3m 1.88% First filing
44 Amundi 0.05% of their portfolio Paris, I0 2,000,0002.0m $200.5m $200.5m 0.05% New
45 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,783,0001.8m $1.8m $1.8m 0.00% Unchanged
46 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,525,0001.5m $1.5m $1.5m 0.00% New
47 WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio CHICAGO, IL 1,500,0001.5m $1.5m $1.5m 0.02% New
48 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 1,473,0001.5m $1.5m $1.5m 0.00% Reduced -102.0k -102,000
49 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,354,0001.4m $1.4m $1.4m 0.00% New
50 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,084,0001.1m $1.1m $1.1m 0.00% Added +34.0k +34,000
51 SSI INVESTMENT MANAGEMENT LLC 0.07% of their portfolio Los Angeles, CA 968,000968.0k $970.4k $970.4k 0.07% Added +32.0k +32,000
52 FLOSSBACH VON STORCH SE 0.00% of their portfolio COLOGNE, 2M 900,000900.0k $907.2k $907.2k 0.00% Unchanged
53 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 880,000880.0k $891.0k $891.0k 0.00% Reduced -100.0k -100,000
54 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 832,000832.0k $834.1k $834.1k 0.00% Unchanged
55 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 400,000400.0k $402.7k $402.7k 0.00% Unchanged
56 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 332,000332.0k $334.2k $334.2k 0.00% Added +32.0k +32,000
57 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 301,000301.0k $301.8k $301.8k 0.00% Unchanged
58 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 268,000268.0k $268.7k $268.7k 0.00% Reduced -2.4m -2,376,000
59 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 221,000221.0k $222.5k $222.5k 0.01% Reduced -1.0k -1,000
60 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 186,000186.0k $186.5k $186.5k 0.00% Reduced -1.0k -1,000
61 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 181,000181.0k $181.4k $181.4k 0.00% Added +16.0k +16,000
62 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 146,000146.0k $146.4k $146.4k 0.00% Unchanged
63 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 94,00094.0k $94.2k $94.2k 0.00% Added +82.0k +82,000
64 Mariner, LLC 0.00% of their portfolio Overland Park, KS 62,00062.0k $62.0k $62.0k 0.00% Unchanged
65 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 59,00059.0k $59.1k $59.1k 0.00% Unchanged
66 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 49,00049.0k $49.1k $49.1k 0.00% Unchanged
67 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 41,00041.0k $41.0k $41.0k 0.00% New
68 FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. 0.02% of their portfolio SALINE, MI 30,00030.0k $30.0k $30.0k 0.02% New
69 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 30,00030.0k $30.2k $30.2k 0.00% Unchanged
70 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 30,00030.0k $30.2k $30.2k 0.00% Unchanged
71 Balboa Wealth Partners 0.00% of their portfolio SCOTTSDALE, AZ 29,00029.0k $29.0k $29.0k 0.00% Unchanged
72 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 26,00026.0k $26.1k $26.1k 0.00% Unchanged
73 CSS LLC/IL 0.00% of their portfolio CHICAGO, IL 23,00023.0k $23.1k $23.1k 0.00% Reduced -182.0k -182,000
74 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 19,00019.0k $19.0k $19.0k 0.00% New
75 COMERICA BANK 0.00% of their portfolio DALLAS, TX 14,00014.0k $14.0k $14.0k 0.00% Unchanged
76 Candriam S.C.A. 0.03% of their portfolio STRASSEN, N4 6,3006.3k $6.3m $6.3m 0.03% Reduced -200 -200
77 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 5,0005.0k $5.0k $5.0k 0.00% New
78 ABN AMRO INVESTMENT SOLUTIONS 0.00% of their portfolio PARIS CEDEX 008, I0 200200 $201.3k $201.3k 0.00% Reduced -199.8k -199,800
79 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 55 $5.0k $5.0k 0.00% Unchanged
80 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Unchanged