Vault-13

ALTAIR ENGR INC ALTR 1.75 06.15.27

NOTE 1.750% 6/1 · US DOMESTIC · CUSIP 021369AC7

29 institutional holders +0 vs Q2 2024
12,622,87612.6m shares reported held*
$310.5mreported value*
4 new 9 added 5 reduced 4 sold out net sold ≈ $49.6m (-28.2m 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 ≈ $24.60.

Trends to Q3 2024

Institutional holders

Managers reporting a position, each quarter

0102030Q3 23: 28Q4 23: 25Q1 24: 23Q2 24: 29Q3 24: 2929Q3 23Q4 23Q1 24Q2 24Q3 24
Numbers
QuarterHolders
Q3 202328
Q4 202325
Q1 202423
Q2 202429
Q3 202429

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 23: 7 bought or addedQ4 23: 11 cut or sold outQ4 23Q1 24: 10 bought or addedQ1 24: 9 cut or sold outQ1 24Q2 24: 8 bought or addedQ2 24: 13 cut or sold outQ2 24Q3 24: 13 bought or addedQ3 24: 9 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 2023711
Q1 2024109
Q2 2024813
Q3 2024139

Biggest buyers

Alberta Investment Management Corp Added +17,500,000+17.5m
Davidson Kempner Capital Management LP Added +5,617,000+5.6m
CITADEL ADVISORS LLC Added +5,000,000+5.0m
BANK OF MONTREAL /CAN/ New +5,000,000+5.0m
BANK OF AMERICA CORP /DE/ New +875,000+875.0k
SHENKMAN CAPITAL MANAGEMENT INC Added +528,000+528.0k
BARCLAYS PLC Added +246,000+246.0k
Bank of New York Mellon Corp New +150,000+150.0k
JPMORGAN CHASE & CO Added +50,000+50.0k
ABSOLUTE INVESTMENT ADVISERS, LLC Added +41,000+41.0k

Biggest sellers

LORD, ABBETT & CO. LLC Reduced -28,380,000-28.4m
Polar Asset Management Partners Inc. Sold out -15,000,000-15.0m
WOLVERINE ASSET MANAGEMENT LLC Sold out -11,230,000-11.2m
FRANKLIN RESOURCES INC Sold out -6,582,000-6.6m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -6,500,000-6.5m
ZAZOVE ASSOCIATES LLC Reduced -1,250,000-1.2m
MORGAN STANLEY Reduced -701,000-701.0k
FMR LLC Reduced -110,000-110.0k
Virtus Investment Advisers, LLC Sold out -5,000-5.0k

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Davidson Kempner Capital Management LP 0.85% of their portfolio New York, NY 27,500,00027.5m $39.1m $39.1m 0.85% Added +5.6m +5,617,000
2 Alberta Investment Management Corp 0.28% of their portfolio EDMONTON, A0 22,500,00022.5m $32.3m $32.3m 0.28% Added +17.5m +17,500,000
3 CAMDEN ASSET MANAGEMENT L P /CA 0.75% of their portfolio Los Angeles, CA 19,960,00020.0m $28.4m $28.4m 0.75% Reduced -6.5m -6,500,000
4 CAPSTONE INVESTMENT ADVISORS, LLC 0.44% of their portfolio NEW YORK, NY 16,000,00016.0m $22.9m $22.9m 0.44% Unchanged
5 Man Group plc 0.06% of their portfolio LONDON, X0 15,617,00015.6m $22.4m $22.4m 0.06% Unchanged
6 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 15,000,00015.0m $21.4m $21.4m 0.02% Added +5.0m +5,000,000
7 READYSTATE ASSET MANAGEMENT LP 1.10% of their portfolio CHICAGO, IL 14,750,00014.8m $21.1m $21.1m 1.10% Unchanged
8 Calamos Advisors LLC 0.07% of their portfolio NAPERVILLE, IL 10,000,00010.0m $14.3m $14.3m 0.07% Unchanged
9 Parallax Volatility Advisers, L.P. 0.37% of their portfolio San Francisco, CA 10,000,00010.0m $14.2m $14.2m 0.37% Unchanged
10 ABSOLUTE INVESTMENT ADVISERS, LLC 1.56% of their portfolio ROSEMARY BEACH, FL 8,041,0008.0m $11.5m $11.5m 1.56% Added +41.0k +41,000
11 FMR LLC 0.00% of their portfolio BOSTON, MA 7,590,0007.6m $10.8m $10.8m 0.00% Reduced -110.0k -110,000
12 SHENKMAN CAPITAL MANAGEMENT INC 0.84% of their portfolio NEW YORK, NY 7,390,0007.4m $10.8m $10.8m 0.84% Added +528.0k +528,000
13 Crystalline Management Inc. 8.09% of their portfolio Montreal, Quebec, Z4 5,500,0005.5m $7.9m $7.9m 8.09% Unchanged
14 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 5,000,0005.0m $7.2m $7.2m 0.00% New
15 LORD, ABBETT & CO. LLC 0.02% of their portfolio JERSEY CITY, NJ 4,398,0004.4m $6.3m $6.3m 0.02% Reduced -28.4m -28,380,000
16 ARISTEIA CAPITAL, L.L.C. 0.20% of their portfolio GREENWICH, CT 4,000,0004.0m $5.7m $5.7m 0.20% Unchanged
17 Linden Advisors LP 0.03% of their portfolio New York, NY 2,313,0002.3m $3.3m $3.3m 0.03% Unchanged
18 ZAZOVE ASSOCIATES LLC 0.19% of their portfolio INCLINE VILLAGE, NV 1,250,0001.2m $1.8m $1.8m 0.19% Reduced -1.2m -1,250,000
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 875,000875.0k $1.2m $1.2m 0.00% New
20 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 850,000850.0k $1.2m $1.2m 0.01% Unchanged
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 326,000326.0k $464.0k $464.0k 0.00% Reduced -701.0k -701,000
22 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 265,000265.0k $377.8k $377.8k 0.00% Added +246.0k +246,000
23 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 150,000150.0k $215.6k $215.6k 0.00% New
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 106,000106.0k $152.3k $152.3k 0.00% Added +50.0k +50,000
25 LAKE STREET ADVISORS GROUP, LLC 0.01% of their portfolio PORTSMOUTH, NH 97,00097.0k $138.1k $138.1k 0.01% Added +18.0k +18,000
26 Boussard & Gavaudan Investment Management LLP 2.33% of their portfolio London, X0 17,87617.9k $25.5m $25.5m 2.33% Added +9.8k +9,800
27 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 16,00016.0k $22.8k $22.8k 0.00% Unchanged
28 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 14,00014.0k $19.9k $19.9k 0.00% New
29 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged