Vault-13

ARRAY TECHNOLOGIES INC ARRY 1 12.01.28

NOTE 1.000%12/0 · US DOMESTIC · CUSIP 04271TAB6

55 institutional holders +6 vs Q1 2023
26,288,76126.3m shares reported held*
$537.6mreported value*
14 new 10 added 15 reduced 8 sold out net sold ≈ $19.0m (+3.6m 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 ($2.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $20.53.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q4 22: 48Q1 23: 49Q2 23: 5555Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q4 202248
Q1 202349
Q2 202355

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 23: 34 bought or addedQ1 23: 18 cut or sold outQ1 23Q2 23: 24 bought or addedQ2 23: 23 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q1 20233418
Q2 20232423

Biggest buyers

BANK OF AMERICA CORP /DE/ New +24,162,000+24.2m
VOYA INVESTMENT MANAGEMENT LLC New +9,500,000+9.5m
CITADEL ADVISORS LLC New +8,000,000+8.0m
MacKay Shields LLC Added +6,222,000+6.2m
Polar Capital Holdings Plc Added +5,600,000+5.6m
MILLENNIUM MANAGEMENT LLC New +5,000,000+5.0m
STATE STREET CORP Added +3,000,000+3.0m
READYSTATE ASSET MANAGEMENT LP Added +2,500,000+2.5m
CAPSTONE INVESTMENT ADVISORS, LLC Added +2,000,000+2.0m
WELLS FARGO & COMPANY/MN New +1,936,000+1.9m

Biggest sellers

BNP PARIBAS FINANCIAL MARKETS Reduced -29,893,000-29.9m
Segantii Capital Management Ltd Reduced -11,200,000-11.2m
CAMDEN ASSET MANAGEMENT L P /CA Sold out -9,400,000-9.4m
FMR LLC Reduced -8,635,000-8.6m
Linden Advisors LP Sold out -6,000,000-6.0m
ADVENT CAPITAL MANAGEMENT /DE/ Sold out -5,450,000-5.5m
LAZARD ASSET MANAGEMENT LLC Reduced -5,000,000-5.0m
MORGAN STANLEY Sold out -3,854,000-3.9m
BANK OF MONTREAL /CAN/ Sold out -2,400,000-2.4m
JANE STREET GROUP, LLC Sold out -2,150,000-2.1m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 D. E. Shaw & Co., Inc. 0.08% of their portfolio New York, NY 43,718,00043.7m $50.2m $50.2m 0.08% Added +1.0m +1,000,000
2 LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 37,000,00037.0m $42.4m $42.4m 0.05% Reduced -5.0m -5,000,000
3 AQR Arbitrage LLC 1.80% of their portfolio Greenwich, CT 36,403,00036.4m $41.7m $41.7m 1.80% Reduced -281.0k -281,000
4 WHITEBOX ADVISORS LLC 1.68% of their portfolio MINNEAPOLIS, MN 30,450,00030.4m $34.8m $34.8m 1.68% Added +1.3m +1,300,000
5 READYSTATE ASSET MANAGEMENT LP 3.41% of their portfolio CHICAGO, IL 30,000,00030.0m $34.4m $34.4m 3.41% Added +2.5m +2,500,000
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 24,162,00024.2m $27.6m $27.6m 0.00% New
7 MacKay Shields LLC 0.74% of their portfolio New York, NY 22,984,00023.0m $26.3m $26.3m 0.74% Added +6.2m +6,222,000
8 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 20,647,00020.6m $23.6m $23.6m 0.05% Reduced -29.9m -29,893,000
9 AVIVA PLC 0.09% of their portfolio LONDON, X0 20,000,00020.0m $22.8m $22.8m 0.09% Unchanged
10 Polar Capital Holdings Plc 0.13% of their portfolio London, X0 16,950,00016.9m $19.2m $19.2m 0.13% Added +5.6m +5,600,000
11 Sculptor Capital LP 0.45% of their portfolio New York, NY 15,000,00015.0m $17.3m $17.3m 0.45% Unchanged
12 Polar Asset Management Partners Inc. 0.34% of their portfolio TORONTO, A6 15,000,00015.0m $17.3m $17.3m 0.34% Unchanged
13 Segantii Capital Management Ltd 0.97% of their portfolio HONG KONG, K3 14,300,00014.3m $16.5m $16.5m 0.97% Reduced -11.2m -11,200,000
14 CAPSTONE INVESTMENT ADVISORS, LLC 0.47% of their portfolio NEW YORK, NY 14,000,00014.0m $16.1m $16.1m 0.47% Added +2.0m +2,000,000
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,501,00011.5m $13.2m $13.2m 0.00% Added +3.0m +3,000,000
16 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 9,500,0009.5m $10.9m $10.9m 0.01% New
17 FMR LLC 0.00% of their portfolio BOSTON, MA 8,635,0008.6m $9.9m $9.9m 0.00% Reduced -8.6m -8,635,000
18 SSI INVESTMENT MANAGEMENT LLC 0.69% of their portfolio Los Angeles, CA 8,572,0008.6m $9.8m $9.8m 0.69% Reduced -18.0k -18,000
19 ABSOLUTE INVESTMENT ADVISERS, LLC 1.37% of their portfolio ROSEMARY BEACH, FL 8,500,0008.5m $9.8m $9.8m 1.37% Unchanged
20 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 8,000,0008.0m $9.2m $9.2m 0.01% New
21 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 7,040,0007.0m $8.1m $8.1m 0.00% Unchanged
22 GABELLI FUNDS LLC 0.06% of their portfolio Rye, NY 6,272,0006.3m $7.3m $7.3m 0.06% Unchanged
23 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 6,005,0006.0m $6.9m $6.9m 0.00% Added +300.0k +300,000
24 DeepCurrents Investment Group LLC 0.30% of their portfolio NEW YORK, NY 6,000,0006.0m $6.9m $6.9m 0.30% Reduced -2.0m -2,000,000
25 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 5,000,0005.0m $5.7m $5.7m 0.01% New
26 CQS (US), LLC 0.48% of their portfolio NEW YORK, NY 3,500,0003.5m $4.0m $4.0m 0.48% Unchanged
27 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 3,155,0003.2m $3.6m $3.6m 0.00% Added +597.0k +597,000
28 BlackRock Inc. 0.00% of their portfolio New York, NY 2,425,0002.4m $2.8m $2.8m 0.00% Reduced -1.1m -1,110,000
29 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,936,0001.9m $2.2m $2.2m 0.00% New
30 PALISADE CAPITAL MANAGEMENT, LP 0.05% of their portfolio FORT LEE, NJ 1,510,0001.5m $1.7m $1.7m 0.05% Reduced -280.0k -280,000
31 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 1,000,0001.0m $1.0m $1.0m 0.00% Reduced -500.0k -500,000
32 KORNITZER CAPITAL MANAGEMENT INC /KS 0.02% of their portfolio SHAWNEE MISSION, KS 1,000,0001.0m $1.1m $1.1m 0.02% Unchanged
33 Parallax Volatility Advisers, L.P. 0.04% of their portfolio San Francisco, CA 1,000,0001.0m $1.1m $1.1m 0.04% New
34 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 850,000850.0k $972.4k $972.4k 0.01% Unchanged
35 Nicholas Investment Partners, LP 0.06% of their portfolio RANCHO SANTA FE, CA 750,000750.0k $858.0k $858.0k 0.06% New
36 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 640,000640.0k $736.7k $736.7k 0.00% Reduced -648.0k -648,000
37 Teton Advisors, Inc. 0.17% of their portfolio Rye, NY 528,000528.0k $611.3k $611.3k 0.17% Reduced -350.0k -350,000
38 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 300,000300.0k $347.3k $347.3k 0.00% Unchanged
39 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $345.3k $345.3k 0.00% Unchanged
40 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 280,000280.0k $320.3k $320.3k 0.00% New
41 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 221,000221.0k $252.8k $252.8k 0.00% Unchanged
42 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 140,215140.2k $3.2m $3.2m 0.01% Reduced -2.9k -2,934
43 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 126,000126.0k $144.1k $144.1k 0.00% New
44 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 115,000115.0k $131.6k $131.6k 0.00% Unchanged
45 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 53,00053.0k $61.0k $61.0k 0.00% Reduced -775.0k -775,000
46 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 38,00038.0k $43.5k $43.5k 0.00% New
47 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 27,00027.0k $30.8k $30.8k 0.01% New
48 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 14,00014.0k $16.1k $16.1k 0.00% Unchanged
49 NATIXIS 0.09% of their portfolio PARIS, I0 9,0149.0k $10.4m $10.4m 0.09% Added +8.6k +8,609
50 Context Capital Management, LLC 0.67% of their portfolio LAJOLLA, CA 6,5006.5k $7.5m $7.5m 0.67% Unchanged
51 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 5,0005.0k $576.0k $576.0k 0.00% New
52 Alpine Global Management, LLC 0.75% of their portfolio NEW YORK, NY 4,5324.5k $5.2m $5.2m 0.75% New
53 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 4,0004.0k $457.6k $457.6k 0.00% New
54 Verition Fund Management LLC 0.03% of their portfolio GREENWICH, CT 1,8441.8k $2.1m $2.1m 0.03% Reduced -621 -621
55 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged