Vault-13

APELLIS PHARMACEUTICALS INC APLS 3.5 09.15.26

NOTE 3.500% 9/1 · US DOMESTIC · CUSIP 03753UAB2

17 institutional holders +5 vs Q1 2023
11,712,00011.7m shares reported held*
$252.9mreported value*
7 new 3 added 3 reduced 2 sold out net sold ≈ $3.0m (+2.1m 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 ($11.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.57.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

01020Q3 22: 14Q4 22: 14Q1 23: 12Q2 23: 1717Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202214
Q4 202214
Q1 202312
Q2 202317

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q4 22: 5 bought or addedQ4 22: 6 cut or sold outQ4 22Q1 23: 4 bought or addedQ1 23: 7 cut or sold outQ1 23Q2 23: 10 bought or addedQ2 23: 5 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202256
Q1 202347
Q2 2023105

Biggest buyers

DeepCurrents Investment Group LLC New +15,000,000+15.0m
CITADEL ADVISORS LLC New +11,500,000+11.5m
Linden Advisors LP New +10,000,000+10.0m
D. E. Shaw & Co., Inc. New +5,000,000+5.0m
VOYA INVESTMENT MANAGEMENT LLC Added +4,000,000+4.0m
JPMORGAN CHASE & CO New +2,581,000+2.6m
AMERIPRISE FINANCIAL INC New +2,202,000+2.2m
LORD, ABBETT & CO. LLC Added +2,100,000+2.1m
LORD, ABBETT & CO. LLC Added +2,100,000+2.1m
Verition Fund Management LLC New +4,796+4.8k

Biggest sellers

DEERFIELD MANAGEMENT COMPANY, L.P. Sold out -51,793,000-51.8m
LAZARD ASSET MANAGEMENT LLC Reduced -3,200,000-3.2m
WOLVERINE ASSET MANAGEMENT LLC Reduced -409,000-409.0k
PALISADE CAPITAL MANAGEMENT, LP Reduced -225,000-225.0k
CITIGROUP INC Sold out -109,000-109.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 DeepCurrents Investment Group LLC 1.54% of their portfolio NEW YORK, NY 15,000,00015.0m $36.0m $36.0m 1.54% New
2 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 14,242,00014.2m $34.1m $34.1m 0.04% Reduced -3.2m -3,200,000
3 WOLVERINE ASSET MANAGEMENT LLC 0.53% of their portfolio CHICAGO, IL 11,766,00011.8m $28.2m $28.2m 0.53% Reduced -409.0k -409,000
4 LORD, ABBETT & CO. LLC 0.05% of their portfolio JERSEY CITY, NJ 11,712,00011.7m $28.0m $28.0m 0.05% Added +2.1m +2,100,000
5 LORD, ABBETT & CO. LLC 0.05% of their portfolio JERSEY CITY, NJ 11,712,00011.7m $28.0m $28.0m 0.05% Added +2.1m +2,100,000
6 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 11,500,00011.5m $27.6m $27.6m 0.03% New
7 Linden Advisors LP 0.25% of their portfolio New York, NY 10,000,00010.0m $24.0m $24.0m 0.25% New
8 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 7,000,0007.0m $16.8m $16.8m 0.02% Added +4.0m +4,000,000
9 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 5,000,0005.0m $12.0m $12.0m 0.02% New
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,581,0002.6m $6.2m $6.2m 0.00% New
11 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 2,202,0002.2m $5.3m $5.3m 0.00% New
12 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,285,0001.3m $3.1m $3.1m 0.00% Unchanged
13 PALISADE CAPITAL MANAGEMENT, LP 0.08% of their portfolio FORT LEE, NJ 1,267,0001.3m $3.0m $3.0m 0.08% Reduced -225.0k -225,000
14 KORNITZER CAPITAL MANAGEMENT INC /KS 0.01% of their portfolio SHAWNEE MISSION, KS 300,000300.0k $717.1k $717.1k 0.01% Unchanged
15 Verition Fund Management LLC 0.18% of their portfolio GREENWICH, CT 4,7964.8k $11.5m $11.5m 0.18% New
16 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,0001.0k $2.4k $2.4k 0.00% Unchanged
17 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged