Vault-13

ALPHATEC HLDGS INC ATEC 0.75 08.01.26

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

20 institutional holders -6 vs Q1 2024
$274.0mprincipal reported held*
$303.0mreported value*
3 new 8 added 5 reduced 9 sold out net sold ≈ $1.9m (-30.6m 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 ($9.3m this quarter). Holder counts are more reliable.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 15Q4 22: 18Q1 23: 20Q2 23: 23Q3 23: 30Q4 23: 22Q1 24: 26Q2 24: 2020Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202215
Q4 202218
Q1 202320
Q2 202323
Q3 202330
Q4 202322
Q1 202426
Q2 202420

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 10 bought or addedQ4 22: 3 cut or sold outQ4 22Q1 23: 10 bought or addedQ1 23: 9 cut or sold outQ2 23: 10 bought or addedQ2 23: 9 cut or sold outQ2 23Q3 23: 16 bought or addedQ3 23: 12 cut or sold outQ4 23: 10 bought or addedQ4 23: 17 cut or sold outQ4 23Q1 24: 13 bought or addedQ1 24: 11 cut or sold outQ2 24: 11 bought or addedQ2 24: 14 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022103
Q1 2023109
Q2 2023109
Q3 20231612
Q4 20231017
Q1 20241311
Q2 20241114

Biggest buyers

Opti Capital Management, LP New +30,600,000+30.6m
BRAIDWELL LP Added +25,783,000+25.8m
ARISTEIA CAPITAL, L.L.C. New +4,000,000+4.0m
AXA S.A. Added +2,050,000+2.0m
Linden Advisors LP Added +500,000+500.0k
Kohlberg Kravis Roberts & Co. L.P. Added +449,000+449.0k
CITIGROUP INC Added +116,000+116.0k
OAKTREE CAPITAL MANAGEMENT LP Added +47,000+47.0k
JPMORGAN CHASE & CO New +8,000+8.0k
Calamos Wealth Management LLC Added +7,000+7.0k

Biggest sellers

Opti Capital Management, LP Sold out -30,600,000-30.6m
WOLVERINE ASSET MANAGEMENT LLC Sold out -13,575,000-13.6m
SSI INVESTMENT MANAGEMENT LLC Sold out -9,358,000-9.4m
CSS LLC/IL Sold out -4,000,000-4.0m
DeepCurrents Investment Group LLC Reduced -2,500,000-2.5m
Invesco Ltd. Sold out -2,000,000-2.0m
MORGAN STANLEY Reduced -1,606,000-1.6m
Verition Fund Management LLC Reduced -788,000-788.0k
Central Pacific Bank - Trust Division Sold out -512,000-512.0k
AVIVA PLC Sold out -250,000-250.0k

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.57% of their portfolio New York, NY 70,020,00070.0m $67.7m $67.7m 0.57% Added +500.0k +500,000
2 BRAIDWELL LP 1.77% of their portfolio STAMFORD, CT 58,217,00058.2m $56.6m $56.6m 1.77% Added +25.8m +25,783,000
3 READYSTATE ASSET MANAGEMENT LP 1.73% of their portfolio CHICAGO, IL 37,500,00037.5m $36.4m $36.4m 1.73% Unchanged
4 Opti Capital Management, LP 2.20% of their portfolio New York, NY 30,600,00030.6m $29.6m $29.6m 2.20% New
5 DeepCurrents Investment Group LLC 1.18% of their portfolio NEW YORK, NY 30,500,00030.5m $29.4m $29.4m 1.18% Reduced -2.5m -2,500,000
6 Calamos Advisors LLC 0.08% of their portfolio NAPERVILLE, IL 17,560,00017.6m $17.0m $17.0m 0.08% Reduced -28.0k -28,000
7 Verition Fund Management LLC 0.07% of their portfolio GREENWICH, CT 9,611,0009.6m $9.3m $9.3m 0.07% Reduced -788.0k -788,000
8 AXA S.A. 0.01% of their portfolio PARIS, I0 5,700,0005.7m $5.5m $5.5m 0.01% Added +2.0m +2,050,000
9 OAKTREE CAPITAL MANAGEMENT LP 0.08% of their portfolio LOS ANGELES, CA 4,731,0004.7m $4.6m $4.6m 0.08% Added +47.0k +47,000
10 ARISTEIA CAPITAL, L.L.C. 0.14% of their portfolio GREENWICH, CT 4,000,0004.0m $3.9m $3.9m 0.14% New
11 BlackRock Inc. 0.00% of their portfolio New York, NY 2,908,0002.9m $2.8m $2.8m 0.00% Reduced -100.0k -100,000
12 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,000,0001.0m $961.4k $961.4k 0.01% Unchanged
13 Kohlberg Kravis Roberts & Co. L.P. 0.03% of their portfolio NEW YORK, NY 884,000884.0k $858.7k $858.7k 0.03% Added +449.0k +449,000
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 425,000425.0k $408.6k $408.6k 0.00% Reduced -1.6m -1,606,000
15 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 167,000167.0k $161.5k $161.5k 0.01% Added +7.0k +7,000
16 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 122,000122.0k $117.3k $117.3k 0.00% Added +116.0k +116,000
17 Context Capital Management, LLC 1.69% of their portfolio LAJOLLA, CA 48,35748.4k $47.0m $47.0m 1.69% Added +4.5k +4,500
18 Oaktree Fund Advisors, LLC 0.01% of their portfolio LOS ANGLES, CA 16,00016.0k $15.5k $15.5k 0.01% Unchanged
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,0008.0k $7.7k $7.7k 0.00% New
20 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged