Vault-13

ARRAY TECHNOLOGIES INC ARRY 1 12.01.28

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

40 institutional holders -4 vs Q3 2025
6,452,0006.5m shares reported held*
$623.7mreported value*
6 new 9 added 7 reduced 11 sold out net bought ≈ $11.0m (-1.2m 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 ($2.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $97.09.

Trends to Q4 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: 51Q3 25: 44Q4 25: 4040Q4 22Q3 23Q2 24Q1 25Q4 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
Q3 202544
Q4 202540

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 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 25Q3 25: 17 bought or addedQ3 25: 20 cut or sold outQ4 25: 15 bought or addedQ4 25: 18 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242726
Q2 20242125
Q3 20243030
Q4 20242325
Q1 20252224
Q2 20252226
Q3 20251720
Q4 20251518

Biggest buyers

Context Capital Management, LLC Added +62,900,651+62.9m
Point72 Asset Management, L.P. New +13,000,000+13.0m
UBS Group AG Added +10,070,000+10.1m
OAKTREE CAPITAL MANAGEMENT LP Added +8,595,000+8.6m
ADVENT CAPITAL MANAGEMENT /DE/ Added +6,277,000+6.3m
Lombard Odier Asset Management (Europe) Ltd New +5,309,000+5.3m
Amundi New +3,809,000+3.8m
Ionic Capital Management LLC New +3,500,000+3.5m
Radcliffe Capital Management, L.P. Added +2,500,000+2.5m
Balyasny Asset Management L.P. New +1,500,000+1.5m

Biggest sellers

HIGHBRIDGE CAPITAL MANAGEMENT LLC Sold out -21,220,000-21.2m
MILLENNIUM MANAGEMENT LLC Sold out -10,000,000-10.0m
GABELLI FUNDS LLC Sold out -5,672,000-5.7m
AGF MANAGEMENT LTD Sold out -5,420,000-5.4m
Crossingbridge Advisors, LLC Sold out -4,250,000-4.2m
Universal- Beteiligungs- und Servicegesellschaft mbH Reduced -3,490,000-3.5m
PALISADE CAPITAL MANAGEMENT, LP Reduced -2,587,000-2.6m
Thrivent Financial for Lutherans Reduced -2,050,000-2.0m
STATE STREET CORP Reduced -1,300,000-1.3m
NEW YORK STATE COMMON RETIREMENT FUND Reduced -1,145,000-1.1m

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Context Capital Management, LLC 1.47% of their portfolio LAJOLLA, CA 62,949,00062.9m $57.2m $57.2m 1.47% Added +62.9m +62,900,651
2 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 40,468,00040.5m $36.8m $36.8m 0.03% Unchanged
3 OAKTREE CAPITAL MANAGEMENT LP 0.49% of their portfolio LOS ANGELES, CA 33,284,00033.3m $30.3m $30.3m 0.49% Added +8.6m +8,595,000
4 Linden Advisors LP 0.16% of their portfolio New York, NY 28,170,00028.2m $25.5m $25.5m 0.16% Unchanged
5 ADVENT CAPITAL MANAGEMENT /DE/ 0.49% of their portfolio NEW YORK, NY 23,121,00023.1m $21.0m $21.0m 0.49% Added +6.3m +6,277,000
6 Radcliffe Capital Management, L.P. 0.89% of their portfolio BALA CYNWYD, PA 18,000,00018.0m $16.3m $16.3m 0.89% Added +2.5m +2,500,000
7 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 13,000,00013.0m $11.8m $11.8m 0.02% New
8 LMR Partners LLP 0.11% of their portfolio LONDON, X0 12,500,00012.5m $11.3m $11.3m 0.11% Unchanged
9 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 11,309,00011.3m $10.2m $10.2m 0.02% Reduced -2.0m -2,050,000
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 10,071,33010.1m $9.1m $9.1m 0.00% Added +10.1m +10,070,000
11 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 6,366,0006.4m $57.9k $57.9k 0.00% Unchanged
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 5,554,0005.6m $5.0m $5.0m 0.00% Reduced -1.3m -1,300,000
13 SSI INVESTMENT MANAGEMENT LLC 0.33% of their portfolio Los Angeles, CA 5,405,0005.4m $4.9m $4.9m 0.33% Unchanged
14 Lombard Odier Asset Management (Europe) Ltd 0.24% of their portfolio LONDON, X0 5,309,0005.3m $4.8m $4.8m 0.24% New
15 OFI INVEST ASSET MANAGEMENT 0.06% of their portfolio ISSY LES MOULINEAUX, I0 5,300,0005.3m $4.1m $4.1m 0.06% Unchanged
16 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 5,258,0005.3m $4.8m $4.8m 0.01% Reduced -489.0k -489,000
17 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,826,0003.8m $3.5m $3.5m 0.00% Added +1.1m +1,100,000
18 Amundi 0.09% of their portfolio Paris, I0 3,809,0003.8m $344.9m $344.9m 0.09% New
19 Ionic Capital Management LLC 3.14% of their portfolio NEW YORK, NY 3,500,0003.5m $3.2m $3.2m 3.14% New
20 Irenic Capital Management LP 0.36% of their portfolio NEW YORK, NY 3,000,0003.0m $2.7m $2.7m 0.36% Unchanged
21 Ares Systematic Credit Ltd 1.63% of their portfolio LONDON, X0 2,200,0002.2m $2.0m $2.0m 1.63% First filing
22 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 2,002,0002.0m $1.8m $1.8m 0.01% Added +328.0k +328,000
23 KORNITZER CAPITAL MANAGEMENT INC /KS 0.04% of their portfolio SHAWNEE MISSION, KS 2,000,0002.0m $1.8m $1.8m 0.04% Unchanged
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,947,0001.9m $1.8m $1.8m 0.00% Added +1.1m +1,127,000
25 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 1,750,0001.8m $1.6m $1.6m 0.00% Unchanged
26 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 1,500,0001.5m $1.4m $1.4m 0.00% New
27 FMR LLC 0.00% of their portfolio BOSTON, MA 1,151,0001.2m $1.0m $1.0m 0.00% Unchanged
28 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 1,131,0001.1m $1.0m $1.0m 0.00% Reduced -1.1m -1,145,000
29 PALISADE CAPITAL MANAGEMENT, LP 0.03% of their portfolio FORT LEE, NJ 1,038,0001.0m $939.8k $939.8k 0.03% Reduced -2.6m -2,587,000
30 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 500,000500.0k $456.5k $456.5k 0.00% Reduced -3.5m -3,490,000
31 ZAZOVE ASSOCIATES LLC 0.04% of their portfolio INCLINE VILLAGE, NV 495,000495.0k $448.6k $448.6k 0.04% Unchanged
32 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 384,000384.0k $348.5k $348.5k 0.00% Added +60.0k +60,000
33 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 69,00069.0k $62.5k $62.5k 0.00% Unchanged
34 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 34,00034.0k $3.1m $3.1m 0.00% Reduced -17.9k -17,940
35 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 34,00034.0k $31.3k $31.3k 0.00% Unchanged
36 Traub Capital Management LLC 0.02% of their portfolio NEEDHAM, MA 21,00021.0k $19.0k $19.0k 0.02% Unchanged
37 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 13,00013.0k $11.8k $11.8k 0.00% Unchanged
38 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,0005.0k $4.5k $4.5k 0.00% Unchanged
39 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 4,0004.0k $3.6k $3.6k 0.00% Unchanged
40 K2 PRINCIPAL FUND, L.P. 0.09% of their portfolio TORONTO, A6 1,0001.0k $905.4k $905.4k 0.09% New