Vault-13

ALPHATEC HLDGS INC ATEC 0.75 08.01.26

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

11 institutional holders -5 vs Q1 2025
4,512,0004.5m shares reported held*
$61.9mreported value*
0 new 5 added 0 reduced 5 sold out net sold ≈ $4.3m (+1.0m 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. Holder counts are more reliable. Implied quarter-end price ≈ $13.71.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 15Q4 22: 18Q1 23: 20Q2 23: 23Q3 23: 30Q4 23: 22Q1 24: 26Q2 24: 20Q3 24: 15Q4 24: 21Q1 25: 16Q2 25: 1111Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202215
Q4 202218
Q1 202320
Q2 202323
Q3 202330
Q4 202322
Q1 202426
Q2 202420
Q3 202415
Q4 202421
Q1 202516
Q2 202511

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 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 24Q3 24: 9 bought or addedQ3 24: 10 cut or sold outQ4 24: 13 bought or addedQ4 24: 4 cut or sold outQ4 24Q1 25: 4 bought or addedQ1 25: 16 cut or sold outQ2 25: 5 bought or addedQ2 25: 5 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231612
Q4 20231017
Q1 20241311
Q2 20241114
Q3 2024910
Q4 2024134
Q1 2025416
Q2 202555

Biggest buyers

ABSOLUTE INVESTMENT ADVISERS, LLC Added +1,000,000+1.0m
CSS LLC/IL Added +700,000+700.0k
CAPSTONE INVESTMENT ADVISORS, LLC Added +349,000+349.0k
LAZARD ASSET MANAGEMENT LLC Added +100,000+100.0k
Context Capital Management, LLC Added +3,851+3.9k

Biggest sellers

MORGAN STANLEY Sold out -2,908,000-2.9m
Kohlberg Kravis Roberts & Co. L.P. Sold out -1,574,000-1.6m
ARISTEIA CAPITAL, L.L.C. Sold out -1,115,000-1.1m
JPMORGAN CHASE & CO Sold out -828,000-828.0k
Jefferies Financial Group Inc. Sold out -100,000-100.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 10,120,00010.1m $10.0m $10.0m 0.01% Added +100.0k +100,000
2 DeepCurrents Investment Group LLC 0.27% of their portfolio NEW YORK, NY 7,433,0007.4m $7.3m $7.3m 0.27% Unchanged
3 Linden Advisors LP 0.04% of their portfolio New York, NY 6,320,0006.3m $6.2m $6.2m 0.04% Unchanged
4 TENOR CAPITAL MANAGEMENT Co., L.P. 0.08% of their portfolio NEW YORK, NY 5,818,0005.8m $5.8m $5.8m 0.08% Unchanged
5 BRAIDWELL LP 0.20% of their portfolio STAMFORD, CT 5,818,0005.8m $5.8m $5.8m 0.20% Unchanged
6 ABSOLUTE INVESTMENT ADVISERS, LLC 0.55% of their portfolio ROSEMARY BEACH, FL 4,512,0004.5m $4.5m $4.5m 0.55% Added +1.0m +1,000,000
7 CAPSTONE INVESTMENT ADVISORS, LLC 0.04% of their portfolio NEW YORK, NY 4,150,0004.2m $4.1m $4.1m 0.04% Added +349.0k +349,000
8 CSS LLC/IL 0.20% of their portfolio CHICAGO, IL 3,200,0003.2m $3.2m $3.2m 0.20% Added +700.0k +700,000
9 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 60,00060.0k $59.2k $59.2k 0.00% Unchanged
10 Context Capital Management, LLC 0.50% of their portfolio LAJOLLA, CA 15,03615.0k $14.9m $14.9m 0.50% Added +3.9k +3,851
11 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged