Vault-13

APPLIED DIGITAL CORP APLD 2.75 06.01.30

NOTE 2.750% 6/0 · US DOMESTIC · CUSIP 038169AB4

32 institutional holders +5 vs Q1 2026
165,566165.6k shares reported held*
$1.5bnreported value*
6 new 9 added 10 reduced 1 sold out net sold ≈ $82.9m (+566 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 ≈ $9262.80.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q4 25: 24Q1 26: 27Q2 26: 3232Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q4 202524
Q1 202627
Q2 202632

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 26: 11 bought or addedQ1 26: 9 cut or sold outQ1 26Q2 26: 15 bought or addedQ2 26: 11 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 2026119
Q2 20261511

Biggest buyers

DeepCurrents Investment Group LLC New +35,000,000+35.0m
D. E. Shaw & Co., Inc. Added +15,000,000+15.0m
BANK OF MONTREAL /CAN/ New +11,000,000+11.0m
Lombard Odier Asset Management (Europe) Ltd New +3,550,000+3.5m
STATE STREET CORP Added +2,350,000+2.4m
BNP PARIBAS FINANCIAL MARKETS Added +2,030,000+2.0m
Point72 Asset Management, L.P. Added +2,000,000+2.0m
BlackRock, Inc. Added +2,000,000+2.0m
LORD, ABBETT & CO. LLC Added +1,576,000+1.6m
SSI INVESTMENT MANAGEMENT LLC New +926,000+926.0k

Biggest sellers

Linden Advisors LP Reduced -31,064,000-31.1m
SUSQUEHANNA ADVISORS GROUP, INC. Sold out -29,556,000-29.6m
Graham Capital Management, L.P. Reduced -11,975,000-12.0m
WHITEBOX ADVISORS LLC Reduced -10,100,000-10.1m
LAZARD ASSET MANAGEMENT LLC Reduced -1,789,000-1.8m
JPMORGAN CHASE & CO Reduced -1,629,000-1.6m
Thrivent Financial for Lutherans Reduced -1,621,000-1.6m
BANK OF AMERICA CORP /DE/ Reduced -544,000-544.0k
GABELLI FUNDS LLC Reduced -500,000-500.0k
FMR LLC Reduced -55,000-55.0k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 2.05% of their portfolio New York, NY 99,466,00099.5m $395.7m $395.7m 2.05% Reduced -31.1m -31,064,000
2 D. E. Shaw & Co., Inc. 0.17% of their portfolio New York, NY 70,065,00070.1m $278.9m $278.9m 0.17% Added +15.0m +15,000,000
3 WHITEBOX ADVISORS LLC 3.26% of their portfolio MINNEAPOLIS, MN 50,700,00050.7m $201.9m $201.9m 3.26% Reduced -10.1m -10,100,000
4 DeepCurrents Investment Group LLC 4.77% of their portfolio NEW YORK, NY 35,000,00035.0m $139.2m $139.2m 4.77% New
5 Point72 Asset Management, L.P. 0.15% of their portfolio STAMFORD, CT 24,818,00024.8m $98.8m $98.8m 0.15% Added +2.0m +2,000,000
6 Graham Capital Management, L.P. 2.60% of their portfolio ROWAYTON, CT 24,363,00024.4m $97.1m $97.1m 2.60% Reduced -12.0m -11,975,000
7 Context Capital Management, LLC 1.83% of their portfolio LAJOLLA, CA 22,740,00022.7m $90.8m $90.8m 1.83% Unchanged
8 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 13,806,00013.8m $551.1k $551.1k 0.00% Reduced -1.8m -1,789,000
9 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 13,591,00013.6m $54.1m $54.1m 0.03% Added +2.0m +2,030,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,632,00011.6m $46.5m $46.5m 0.00% Added +2.4m +2,350,000
11 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 11,000,00011.0m $7.0m $7.0m 0.00% New
12 BlackRock, Inc. 0.00% of their portfolio New York, NY 9,225,0009.2m $36.7m $36.7m 0.00% Added +2.0m +2,000,000
13 FMR LLC 0.00% of their portfolio BOSTON, MA 5,092,0005.1m $20.3m $20.3m 0.00% Reduced -55.0k -55,000
14 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 4,089,0004.1m $16.3m $16.3m 0.03% Reduced -1.6m -1,621,000
15 Lombard Odier Asset Management (Europe) Ltd 0.64% of their portfolio LONDON, X0 3,550,0003.5m $15.1m $15.1m 0.64% New
16 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 3,372,0003.4m $13.4m $13.4m 0.04% Added +1.6m +1,576,000
17 GABELLI FUNDS LLC 0.05% of their portfolio Rye, NY 1,850,0001.9m $7.4m $7.4m 0.05% Reduced -500.0k -500,000
18 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 949,000949.0k $3.8m $3.8m 0.00% Reduced -544.0k -544,000
19 SSI INVESTMENT MANAGEMENT LLC 0.21% of their portfolio Los Angeles, CA 926,000926.0k $3.7m $3.7m 0.21% New
20 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 375,000375.0k $1.5m $1.5m 0.00% Unchanged
21 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 210,000210.0k $839.5k $839.5k 0.00% Reduced -40.0k -40,000
22 ADVENT CAPITAL MANAGEMENT /DE/ 0.01% of their portfolio NEW YORK, NY 112,000112.0k $447.3k $447.3k 0.01% Added +7.0k +7,000
23 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 100,000100.0k $399.5k $399.5k 0.00% Unchanged
24 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 100,000100.0k $424.1k $424.1k 0.00% Unchanged
25 Ares Systematic Credit Ltd 0.24% of their portfolio LONDON, X0 100,000100.0k $399.1k $399.1k 0.24% Unchanged
26 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 85,00085.0k $339.6k $339.6k 0.00% Added +20.0k +20,000
27 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 65,00065.0k $259.4k $259.4k 0.00% Unchanged
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 52,00052.0k $220.5k $220.5k 0.00% Reduced -1.6m -1,629,000
29 Central Pacific Bank - Trust Division 0.02% of their portfolio HONOLULU, HI 46,00046.0k $183.1k $183.1k 0.02% New
30 UBS Group AG 0.00% of their portfolio ZURICH, V8 31,00031.0k $123.4k $123.4k 0.00% Added +10.0k +10,000
31 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 16,00016.0k $63.7k $63.7k 0.00% Unchanged
32 Altshuler Shaham Ltd 0.02% of their portfolio Tel Aviv, L3 566566 $1.3m $1.3m 0.02% New