Vault-13

ALARM COM HLDGS INC ALRM 2.25 06.01.29

NOTE 2.250% 6/0 · US DOMESTIC · CUSIP 011642AD7

38 institutional holders +0 vs Q3 2025
14,552,30014.6m shares reported held*
$652.5mreported value*
7 new 12 added 6 reduced 9 sold out net sold ≈ $16.3m (-1.9m 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 ≈ $44.84.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

02040Q2 25: 40Q3 25: 38Q4 25: 3838Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q2 202540
Q3 202538
Q4 202538

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 25: 20 bought or addedQ3 25: 11 cut or sold outQ3 25Q4 25: 19 bought or addedQ4 25: 15 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q3 20252011
Q4 20251915

Biggest buyers

STEELHEAD PARTNERS LLC Added +10,000,000+10.0m
Groupe la Francaise New +9,000,000+9.0m
Wellesley Asset Management Added +7,607,000+7.6m
Davidson Kempner Capital Management LP Added +5,000,000+5.0m
CREDIT INDUSTRIEL ET COMMERCIAL New +5,000,000+5.0m
Lombard Odier Asset Management (Europe) Ltd New +4,600,000+4.6m
WOLVERINE ASSET MANAGEMENT LLC Added +2,500,000+2.5m
Amundi New +2,300,000+2.3m
BNP PARIBAS FINANCIAL MARKETS Added +2,029,000+2.0m
BlackRock, Inc. Added +1,525,000+1.5m

Biggest sellers

JPMORGAN CHASE & CO Reduced -18,607,000-18.6m
ADVENT CAPITAL MANAGEMENT /DE/ Sold out -17,578,000-17.6m
READYSTATE ASSET MANAGEMENT LP Sold out -14,500,000-14.5m
TWO SIGMA INVESTMENTS, LP Reduced -9,550,000-9.6m
SHENKMAN CAPITAL MANAGEMENT INC Sold out -3,412,000-3.4m
NEW YORK STATE COMMON RETIREMENT FUND Sold out -2,793,000-2.8m
WELLINGTON MANAGEMENT GROUP LLP Reduced -2,424,000-2.4m
PROSPECTOR PARTNERS LLC Sold out -1,500,000-1.5m
DEUTSCHE BANK AG\ Sold out -708,000-708.0k
Man Group plc Reduced -575,000-575.0k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 STEELHEAD PARTNERS LLC 6.34% of their portfolio SEATTLE, WA 90,000,00090.0m $85.9m $85.9m 6.34% Added +10.0m +10,000,000
2 Davidson Kempner Capital Management LP 0.84% of their portfolio New York, NY 60,000,00060.0m $57.1m $57.1m 0.84% Added +5.0m +5,000,000
3 WOLVERINE ASSET MANAGEMENT LLC 0.72% of their portfolio CHICAGO, IL 52,944,00052.9m $50.5m $50.5m 0.72% Added +2.5m +2,500,000
4 Arena Capital Advisors, LLC- CA 15.36% of their portfolio LOS ANGELES, CA 26,600,00026.6m $25.4m $25.4m 15.36% Added +400.0k +400,000
5 AQR Arbitrage LLC 0.42% of their portfolio Greenwich, CT 20,975,00021.0m $20.0m $20.0m 0.42% Unchanged
6 CAMDEN ASSET MANAGEMENT L P /CA 0.49% of their portfolio Los Angeles, CA 20,471,00020.5m $19.5m $19.5m 0.49% Unchanged
7 Calamos Advisors LLC 0.08% of their portfolio NAPERVILLE, IL 20,000,00020.0m $19.1m $19.1m 0.08% Unchanged
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 18,599,00018.6m $18.4m $18.4m 0.00% Reduced -18.6m -18,607,000
9 Wellesley Asset Management 1.73% of their portfolio PORTSMOUTH, NH 17,463,00017.5m $16.7m $16.7m 1.73% Added +7.6m +7,607,000
10 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 12,556,00012.6m $12.0m $12.0m 0.00% Reduced -2.4m -2,424,000
11 Man Group plc 0.02% of their portfolio LONDON, X0 12,298,00012.3m $11.7m $11.7m 0.02% Reduced -575.0k -575,000
12 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 11,950,00011.9m $11.4m $11.4m 0.02% Reduced -9.6m -9,550,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,108,00011.1m $10.6m $10.6m 0.00% Added +450.0k +450,000
14 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 10,078,00010.1m $9.6m $9.6m 0.01% Added +2.0m +2,029,000
15 KIM, LLC 0.98% of their portfolio WICHITA, KS 9,000,0009.0m $8.6m $8.6m 0.98% Unchanged
16 Groupe la Francaise 0.12% of their portfolio PARIS, I0 9,000,0009.0m $8.5m $8.5m 0.12% New
17 ABSOLUTE INVESTMENT ADVISERS, LLC 0.87% of their portfolio ROSEMARY BEACH, FL 8,000,0008.0m $7.6m $7.6m 0.87% Added +1.1m +1,100,000
18 BlackRock, Inc. 0.00% of their portfolio New York, NY 6,200,0006.2m $5.9m $5.9m 0.00% Added +1.5m +1,525,000
19 CREDIT INDUSTRIEL ET COMMERCIAL 0.69% of their portfolio PARIS FRANCE, I0 5,000,0005.0m $4.7m $4.7m 0.69% New
20 Lombard Odier Asset Management (Europe) Ltd 0.22% of their portfolio LONDON, X0 4,600,0004.6m $4.4m $4.4m 0.22% New
21 Ares Systematic Credit Ltd 3.34% of their portfolio LONDON, X0 4,300,0004.3m $4.1m $4.1m 3.34% First filing
22 SSI INVESTMENT MANAGEMENT LLC 0.23% of their portfolio Los Angeles, CA 3,500,0003.5m $3.3m $3.3m 0.23% Unchanged
23 OFI INVEST ASSET MANAGEMENT 0.04% of their portfolio ISSY LES MOULINEAUX, I0 3,300,0003.3m $2.7m $2.7m 0.04% Unchanged
24 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $2.9m $2.9m 0.01% Unchanged
25 RWC Asset Management LLP 0.13% of their portfolio LONDON, X0 2,858,0002.9m $2.7m $2.7m 0.13% Added +278.0k +278,000
26 Aequim Alternative Investments LP 0.05% of their portfolio MILL VALLEY, CA 2,500,0002.5m $2.4m $2.4m 0.05% Unchanged
27 Amundi 0.06% of their portfolio Paris, I0 2,300,0002.3m $219.0m $219.0m 0.06% New
28 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,106,0002.1m $2.0m $2.0m 0.00% Unchanged
29 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,032,0002.0m $1.9m $1.9m 0.00% Added +1.3m +1,320,000
30 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 1,116,0001.1m $1.1m $1.1m 0.00% New
31 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 825,000825.0k $818.0k $818.0k 0.00% Added +474.0k +474,000
32 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 705,000705.0k $672.9k $672.9k 0.01% Unchanged
33 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 565,000565.0k $535.7k $535.7k 0.00% New
34 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 322,000322.0k $307.1k $307.1k 0.00% Reduced -38.0k -38,000
35 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 250,000250.0k $247.9k $247.9k 0.00% Reduced -250.0k -250,000
36 VIRTUS ADVISERS, LLC 0.02% of their portfolio HARTFORD, CT 46,00046.0k $43.8k $43.8k 0.02% Unchanged
37 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2,0002.0k $1.9k $1.9k 0.00% New
38 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 300300 $285.6k $285.6k 0.01% Not comparable