Vault-13

ARRAY TECHNOLOGIES INC ARRY 1 12.01.28

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

51 institutional holders -4 vs Q1 2025
6,302,5006.3m shares reported held*
$260.6mreported value*
13 new 9 added 10 reduced 16 sold out net sold ≈ $65.2m (-5.3m 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 ($1.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.61.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q4 22: 48Q1 23: 49Q2 23: 55Q3 23: 64Q4 23: 60Q1 24: 59Q2 24: 60Q3 24: 55Q4 24: 58Q1 25: 55Q2 25: 5151Q4 22Q2 23Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 202248
Q1 202349
Q2 202355
Q3 202364
Q4 202360
Q1 202459
Q2 202460
Q3 202455
Q4 202458
Q1 202555
Q2 202551

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 33 bought or addedQ3 23: 25 cut or sold outQ4 23: 28 bought or addedQ4 23: 30 cut or sold outQ4 23Q1 24: 27 bought or addedQ1 24: 26 cut or sold outQ2 24: 21 bought or addedQ2 24: 25 cut or sold outQ2 24Q3 24: 30 bought or addedQ3 24: 30 cut or sold outQ4 24: 23 bought or addedQ4 24: 25 cut or sold outQ4 24Q1 25: 22 bought or addedQ1 25: 24 cut or sold outQ2 25: 22 bought or addedQ2 25: 26 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233325
Q4 20232830
Q1 20242726
Q2 20242125
Q3 20243030
Q4 20242325
Q1 20252224
Q2 20252226

Biggest buyers

HIGHBRIDGE CAPITAL MANAGEMENT LLC New +16,220,000+16.2m
Radcliffe Capital Management, L.P. New +12,000,000+12.0m
Linden Advisors LP Added +10,670,000+10.7m
AGF MANAGEMENT LTD New +8,000,000+8.0m
Crossingbridge Advisors, LLC New +4,250,000+4.2m
OAKTREE CAPITAL MANAGEMENT LP Added +3,159,000+3.2m
DeepCurrents Investment Group LLC New +2,636,000+2.6m
Jefferies Financial Group Inc. Added +2,623,000+2.6m
Russell Investments Group, Ltd. Added +2,404,000+2.4m
SSI INVESTMENT MANAGEMENT LLC New +1,905,000+1.9m

Biggest sellers

ADVENT CAPITAL MANAGEMENT /DE/ Reduced -49,956,000-50.0m
WHITEBOX ADVISORS LLC Reduced -25,750,000-25.8m
KAYNE ANDERSON CAPITAL ADVISORS LP Sold out -12,195,000-12.2m
D. E. Shaw & Co., Inc. Reduced -10,000,000-10.0m
MacKay Shields LLC Sold out -9,818,000-9.8m
GOLDMAN SACHS GROUP INC Sold out -6,500,000-6.5m
NEW YORK STATE COMMON RETIREMENT FUND Sold out -5,226,000-5.2m
Walleye Capital LLC Sold out -5,000,000-5.0m
Jump Financial, LLC Sold out -5,000,000-5.0m
Thrivent Financial for Lutherans Reduced -4,895,000-4.9m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 40,468,00040.5m $32.1m $32.1m 0.03% Reduced -10.0m -10,000,000
2 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 33,057,00033.1m $26.2m $26.2m 0.02% Reduced -3.0m -3,000,000
3 Linden Advisors LP 0.13% of their portfolio New York, NY 26,170,00026.2m $20.7m $20.7m 0.13% Added +10.7m +10,670,000
4 WHITEBOX ADVISORS LLC 0.47% of their portfolio MINNEAPOLIS, MN 21,637,00021.6m $17.1m $17.1m 0.47% Reduced -25.8m -25,750,000
5 UBS Group AG 0.00% of their portfolio ZURICH, V8 18,057,67018.1m $14.3m $14.3m 0.00% Reduced -3.2m -3,195,000
6 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.66% of their portfolio NEW YORK, NY 16,220,00016.2m $12.8m $12.8m 0.66% New
7 LMR Partners LLP 0.15% of their portfolio LONDON, X0 12,500,00012.5m $9.9m $9.9m 0.15% Added +1.2m +1,250,000
8 Radcliffe Capital Management, L.P. 0.72% of their portfolio BALA CYNWYD, PA 12,000,00012.0m $9.5m $9.5m 0.72% New
9 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 11,913,00011.9m $9.4m $9.4m 0.02% Reduced -4.9m -4,895,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,704,0008.7m $6.9m $6.9m 0.00% Unchanged
11 AGF MANAGEMENT LTD 0.03% of their portfolio TORONTO, A6 8,000,0008.0m $6.3m $6.3m 0.03% New
12 GABELLI FUNDS LLC 0.04% of their portfolio Rye, NY 7,472,0007.5m $5.9m $5.9m 0.04% Reduced -2.8m -2,800,000
13 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 6,790,0006.8m $5.4m $5.4m 0.01% Added +1.5m +1,490,000
14 OAKTREE CAPITAL MANAGEMENT LP 0.10% of their portfolio LOS ANGELES, CA 6,448,0006.4m $5.1m $5.1m 0.10% Added +3.2m +3,159,000
15 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 6,366,0006.4m $5.1m $5.1m 0.01% Unchanged
16 FMR LLC 0.00% of their portfolio BOSTON, MA 5,639,0005.6m $4.5m $4.5m 0.00% Unchanged
17 OFI INVEST ASSET MANAGEMENT 0.09% of their portfolio ISSY LES MOULINEAUX, I0 5,300,0005.3m $3.6m $3.6m 0.09% Unchanged
18 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 4,861,0004.9m $3.8m $3.8m 0.00% Added +2.4m +2,404,000
19 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,276,0004.3m $3.4m $3.4m 0.00% Unchanged
20 Crossingbridge Advisors, LLC 2.97% of their portfolio PLEASANTVILLE, NY 4,250,0004.2m $3.4m $3.4m 2.97% New
21 PALISADE CAPITAL MANAGEMENT, LP 0.08% of their portfolio FORT LEE, NJ 3,625,0003.6m $2.9m $2.9m 0.08% Unchanged
22 CSS LLC/IL 0.15% of their portfolio CHICAGO, IL 3,032,0003.0m $2.4m $2.4m 0.15% Added +1.0m +1,032,000
23 Amundi 0.00% of their portfolio Paris, I0 3,009,0003.0m $2.4m $2.4m 0.00% Unchanged
24 Irenic Capital Management LP 0.53% of their portfolio NEW YORK, NY 3,000,0003.0m $2.4m $2.4m 0.53% Unchanged
25 Jefferies Financial Group Inc. 0.04% of their portfolio NEW YORK, NY 2,860,0002.9m $2.3m $2.3m 0.04% Added +2.6m +2,623,000
26 DeepCurrents Investment Group LLC 0.08% of their portfolio NEW YORK, NY 2,636,0002.6m $2.1m $2.1m 0.08% New
27 KORNITZER CAPITAL MANAGEMENT INC /KS 0.03% of their portfolio SHAWNEE MISSION, KS 2,000,0002.0m $1.6m $1.6m 0.03% Unchanged
28 SSI INVESTMENT MANAGEMENT LLC 0.11% of their portfolio Los Angeles, CA 1,905,0001.9m $1.5m $1.5m 0.11% New
29 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 1,750,0001.8m $1.4m $1.4m 0.00% New
30 ADVENT CAPITAL MANAGEMENT /DE/ 0.02% of their portfolio NEW YORK, NY 1,174,0001.2m $934.1k $934.1k 0.02% Reduced -50.0m -49,956,000
31 BARDIN HILL MANAGEMENT PARTNERS LP 0.55% of their portfolio NEW YORK, NY 1,100,0001.1m $871.5k $871.5k 0.55% Unchanged
32 DC Investments Management, LLC 0.33% of their portfolio MCLEAN, VA 1,000,0001.0m $782.7k $782.7k 0.33% New
33 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 950,000950.0k $750.6k $750.6k 0.00% New
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 553,000553.0k $436.9k $436.9k 0.00% Reduced -365.0k -365,000
35 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 500,000500.0k $394.1k $394.1k 0.00% Unchanged
36 ZAZOVE ASSOCIATES LLC 0.03% of their portfolio INCLINE VILLAGE, NV 495,000495.0k $390.1k $390.1k 0.03% Unchanged
37 Teton Advisors, Inc. 0.16% of their portfolio Rye, NY 328,000328.0k $258.5k $258.5k 0.16% Reduced -200.0k -200,000
38 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 247,000247.0k $196.5k $196.5k 0.00% Unchanged
39 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 220,000220.0k $174.2k $174.2k 0.00% New
40 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 69,00069.0k $54.6k $54.6k 0.00% Unchanged
41 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 51,94051.9k $4.1m $4.1m 0.02% Added +9.0k +9,000
42 Context Capital Management, LLC 0.90% of their portfolio LAJOLLA, CA 33,40833.4k $26.6m $26.6m 0.90% Added +4.1k +4,074
43 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 25,00025.0k $20.5k $20.5k 0.00% New
44 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 24,00024.0k $19.0k $19.0k 0.00% Reduced -1.3m -1,275,000
45 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 21,00021.0k $16.6k $16.6k 0.00% Unchanged
46 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 14,00014.0k $11.1k $11.1k 0.00% Unchanged
47 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,0005.0k $4.0k $4.0k 0.00% Unchanged
48 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 4,0004.0k $3.2k $3.2k 0.00% Unchanged
49 Alpine Global Management, LLC 0.45% of their portfolio NEW YORK, NY 2,5002.5k $1.9m $1.9m 0.45% New
50 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 1,0001.0k $792 $792 0.00% New
51 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged