Vault-13

ALPHATEC HLDGS INC ATEC 0.75 08.01.26

NOTE 0.750% 8/0 · US DOMESTIC · CUSIP 02081GAB8

23 institutional holders +3 vs Q1 2023
9,450,0009.4m shares reported held*
$351.1mreported value*
5 new 5 added 7 reduced 2 sold out net sold ≈ $962.2k (-6.0m 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 ($9.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $38.17.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 15Q4 22: 18Q1 23: 20Q2 23: 2323Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202215
Q4 202218
Q1 202320
Q2 202323

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q4 22: 10 bought or addedQ4 22: 3 cut or sold outQ4 22Q1 23: 10 bought or addedQ1 23: 9 cut or sold outQ1 23Q2 23: 10 bought or addedQ2 23: 9 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022103
Q1 2023109
Q2 2023109

Biggest buyers

CSS LLC/IL Added +12,342,000+12.3m
Linden Advisors LP Added +10,250,000+10.2m
SSI INVESTMENT MANAGEMENT LLC New +7,762,000+7.8m
VOYA INVESTMENT MANAGEMENT LLC Added +6,865,000+6.9m
AVIVA PLC New +3,000,000+3.0m
MORGAN STANLEY Added +1,430,000+1.4m
READYSTATE ASSET MANAGEMENT LP Added +500,000+500.0k
JPMORGAN CHASE & CO New +214,000+214.0k
Calamos Wealth Management LLC New +178,000+178.0k
FIRST HAWAIIAN BANK New +151,000+151.0k

Biggest sellers

BRAIDWELL LP Reduced -30,500,000-30.5m
JANE STREET GROUP, LLC Reduced -4,750,000-4.8m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -3,000,000-3.0m
Calamos Advisors LLC Reduced -2,408,000-2.4m
LAZARD ASSET MANAGEMENT LLC Reduced -1,300,000-1.3m
Parkwood LLC Sold out -1,200,000-1.2m
BlackRock Inc. Reduced -250,000-250.0k
NOMURA HOLDINGS INC Reduced -104,156-104.2k
Context Capital Management, LLC Sold out -6,000-6.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BRAIDWELL LP 2.69% of their portfolio STAMFORD, CT 70,750,00070.8m $82.4m $82.4m 2.69% Reduced -30.5m -30,500,000
2 WOLVERINE ASSET MANAGEMENT LLC 0.99% of their portfolio CHICAGO, IL 45,225,00045.2m $52.6m $52.6m 0.99% Unchanged
3 VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ATLANTA, GA 35,865,00035.9m $41.8m $41.8m 0.04% Added +6.9m +6,865,000
4 DeepCurrents Investment Group LLC 1.26% of their portfolio NEW YORK, NY 25,000,00025.0m $29.2m $29.2m 1.26% Unchanged
5 Linden Advisors LP 0.30% of their portfolio New York, NY 24,750,00024.8m $28.8m $28.8m 0.30% Added +10.2m +10,250,000
6 READYSTATE ASSET MANAGEMENT LP 2.37% of their portfolio CHICAGO, IL 20,500,00020.5m $23.9m $23.9m 2.37% Added +500.0k +500,000
7 Calamos Advisors LLC 0.11% of their portfolio NAPERVILLE, IL 18,126,00018.1m $21.1m $21.1m 0.11% Reduced -2.4m -2,408,000
8 CSS LLC/IL 1.45% of their portfolio CHICAGO, IL 16,217,00016.2m $18.9m $18.9m 1.45% Added +12.3m +12,342,000
9 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 11,700,00011.7m $13.6m $13.6m 0.02% Reduced -1.3m -1,300,000
10 CAPSTONE INVESTMENT ADVISORS, LLC 0.29% of their portfolio NEW YORK, NY 8,520,0008.5m $9.9m $9.9m 0.29% Reduced -3.0m -3,000,000
11 ABSOLUTE INVESTMENT ADVISERS, LLC 1.31% of their portfolio ROSEMARY BEACH, FL 8,000,0008.0m $9.3m $9.3m 1.31% Unchanged
12 SSI INVESTMENT MANAGEMENT LLC 0.63% of their portfolio Los Angeles, CA 7,762,0007.8m $9.0m $9.0m 0.63% New
13 AVIVA PLC 0.01% of their portfolio LONDON, X0 3,000,0003.0m $3.5m $3.5m 0.01% New
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,267,0002.3m $2.6m $2.6m 0.00% Added +1.4m +1,430,000
15 BlackRock Inc. 0.00% of their portfolio New York, NY 1,758,0001.8m $2.0m $2.0m 0.00% Reduced -250.0k -250,000
16 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,250,0001.2m $1.5m $1.5m 0.00% Reduced -4.8m -4,750,000
17 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 400,916400.9k $70.5k $70.5k 0.00% Reduced -104.2k -104,156
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 214,000214.0k $254.5k $254.5k 0.00% New
19 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $237.8k $237.8k 0.00% Unchanged
20 Calamos Wealth Management LLC 0.02% of their portfolio NAPERVILLE, IL 178,000178.0k $207.3k $207.3k 0.02% New
21 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 151,000151.0k $175.1k $175.1k 0.01% New
22 Verition Fund Management LLC 0.15% of their portfolio GREENWICH, CT 8,2228.2k $9.6m $9.6m 0.15% Unchanged
23 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged