Vault-13

BANDWIDTH INC BAND 0.5 04.01.28

NOTE 0.500% 4/0 · US DOMESTIC · CUSIP 05988JAD5

9 institutional holders -13 vs Q1 2026
900,000900.0k shares reported held*
$23.5mreported value*
1 new 1 added 4 reduced 14 sold out net sold ≈ $117.9m (-63.5m 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 ≈ $26.10.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 25Q4 22: 22Q1 23: 26Q2 23: 22Q3 23: 23Q4 23: 23Q1 24: 23Q2 24: 26Q3 24: 26Q4 24: 27Q1 25: 28Q2 25: 28Q3 25: 27Q4 25: 27Q1 26: 22Q2 26: 99Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202225
Q4 202222
Q1 202326
Q2 202322
Q3 202323
Q4 202323
Q1 202423
Q2 202426
Q3 202426
Q4 202427
Q1 202528
Q2 202528
Q3 202527
Q4 202527
Q1 202622
Q2 20269

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 24: 9 bought or addedQ3 24: 8 cut or sold outQ4 24: 4 bought or addedQ4 24: 8 cut or sold outQ4 24Q1 25: 10 bought or addedQ1 25: 9 cut or sold outQ2 25: 9 bought or addedQ2 25: 10 cut or sold outQ2 25Q3 25: 15 bought or addedQ3 25: 10 cut or sold outQ4 25: 15 bought or addedQ4 25: 7 cut or sold outQ4 25Q1 26: 5 bought or addedQ1 26: 20 cut or sold outQ2 26: 2 bought or addedQ2 26: 18 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202498
Q4 202448
Q1 2025109
Q2 2025910
Q3 20251510
Q4 2025157
Q1 2026520
Q2 2026218

Biggest buyers

MORGAN STANLEY New +100,000+100.0k
Chicago Capital Management, LLC Added +13+13

Biggest sellers

Irenic Capital Management LP Sold out -42,173,000-42.2m
Radcliffe Capital Management, L.P. Sold out -22,304,000-22.3m
Ewing Morris & Co. Investment Partners Ltd. Sold out -12,200,000-12.2m
INTREPID CAPITAL MANAGEMENT INC Sold out -10,940,000-10.9m
ABSOLUTE INVESTMENT ADVISERS, LLC Sold out -9,100,000-9.1m
Opti Capital Management, LP Sold out -8,000,000-8.0m
DeepCurrents Investment Group LLC Sold out -5,750,000-5.8m
OAKTREE CAPITAL MANAGEMENT LP Sold out -4,167,000-4.2m
CAPSTONE INVESTMENT ADVISORS, LLC Sold out -4,000,000-4.0m
ADVENT CAPITAL MANAGEMENT /DE/ Sold out -2,670,000-2.7m

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CORBYN INVESTMENT MANAGEMENT INC/MD 2.44% of their portfolio Lutherville, MD 9,022,0009.0m $8.4m $8.4m 2.44% Reduced -122.0k -122,000
2 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 2,600,0002.6m $2.5m $2.5m 0.00% Reduced -1.3m -1,300,000
3 Calamos Advisors LLC 0.01% of their portfolio NAPERVILLE, IL 2,500,0002.5m $2.4m $2.4m 0.01% Unchanged
4 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,200,0001.2m $1.1m $1.1m 0.00% Unchanged
5 ZAZOVE ASSOCIATES LLC 0.05% of their portfolio INCLINE VILLAGE, NV 601,000601.0k $565.1k $565.1k 0.05% Reduced -659.0k -659,000
6 FINANCIAL CONSULATE, INC 0.06% of their portfolio HUNT VALLEY, MD 573,000573.0k $534.6k $534.6k 0.06% Reduced -39.0k -39,000
7 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 327,000327.0k $304.7k $304.7k 0.00% Unchanged
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 100,000100.0k $93.5k $93.5k 0.00% New
9 Chicago Capital Management, LLC 6.79% of their portfolio CHICAGO, IL 8,1538.2k $7.6m $7.6m 6.79% Added +13 +13