Vault-13

BIOMARIN PHARMACEUTICAL INC BMRN 1.25 05.15.27

NOTE 1.250% 5/1 · US DOMESTIC · CUSIP 09061GAK7

61 institutional holders -7 vs Q2 2025
10,632,22510.6m shares reported held*
$534.5mreported value*
6 new 20 added 18 reduced 12 sold out net bought ≈ $34.6m (+757.7k 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 ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.41.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 40Q4 22: 48Q1 23: 47Q2 23: 52Q3 23: 51Q4 23: 59Q1 24: 60Q2 24: 60Q3 24: 65Q4 24: 74Q1 25: 68Q2 25: 68Q3 25: 6161Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202240
Q4 202248
Q1 202347
Q2 202352
Q3 202351
Q4 202359
Q1 202460
Q2 202460
Q3 202465
Q4 202474
Q1 202568
Q2 202568
Q3 202561

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 23: 25 bought or addedQ4 23: 14 cut or sold outQ1 24: 19 bought or addedQ1 24: 20 cut or sold outQ1 24Q2 24: 28 bought or addedQ2 24: 24 cut or sold outQ3 24: 24 bought or addedQ3 24: 23 cut or sold outQ3 24Q4 24: 25 bought or addedQ4 24: 25 cut or sold outQ1 25: 21 bought or addedQ1 25: 33 cut or sold outQ1 25Q2 25: 28 bought or addedQ2 25: 31 cut or sold outQ3 25: 26 bought or addedQ3 25: 30 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20232514
Q1 20241920
Q2 20242824
Q3 20242423
Q4 20242525
Q1 20252133
Q2 20252831
Q3 20252630

Biggest buyers

Opti Capital Management, LP New +32,058,000+32.1m
MILLENNIUM MANAGEMENT LLC New +25,000,000+25.0m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +24,500,000+24.5m
OAKTREE CAPITAL MANAGEMENT LP Added +18,238,000+18.2m
CAPSTONE INVESTMENT ADVISORS, LLC Added +17,500,000+17.5m
JPMORGAN CHASE & CO Added +13,909,000+13.9m
LAZARD ASSET MANAGEMENT LLC Added +7,776,000+7.8m
BANK OF AMERICA CORP /DE/ Added +5,547,000+5.5m
PALISADE CAPITAL MANAGEMENT, LP Added +2,777,000+2.8m
CONNING INC. New +2,700,000+2.7m

Biggest sellers

AQR Arbitrage LLC Reduced -40,000,000-40.0m
Wellesley Asset Management Reduced -23,661,000-23.7m
READYSTATE ASSET MANAGEMENT LP Sold out -20,000,000-20.0m
MacKay Shields LLC Reduced -9,091,000-9.1m
ROYAL BANK OF CANADA Reduced -5,819,000-5.8m
BNP PARIBAS FINANCIAL MARKETS Reduced -5,722,000-5.7m
Union Bancaire Privee, UBP SA Sold out -2,945,000-2.9m
FRANKLIN RESOURCES INC Reduced -2,711,000-2.7m
CITIGROUP INC Reduced -1,126,000-1.1m
Kohlberg Kravis Roberts & Co. L.P. Reduced -945,000-945.0k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.28% of their portfolio NEW YORK, NY 102,075,000102.1m $97.5m $97.5m 1.28% Added +24.5m +24,500,000
2 VOYA INVESTMENT MANAGEMENT LLC 0.07% of their portfolio ATLANTA, GA 69,530,00069.5m $66.1m $66.1m 0.07% Unchanged
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 37,733,00037.7m $35.8m $35.8m 0.00% Reduced -125.0k -125,000
4 MacKay Shields LLC 1.14% of their portfolio New York, NY 35,206,00035.2m $33.4m $33.4m 1.14% Reduced -9.1m -9,091,000
5 Opti Capital Management, LP 1.91% of their portfolio New York, NY 32,058,00032.1m $30.5m $30.5m 1.91% New
6 CAPSTONE INVESTMENT ADVISORS, LLC 0.25% of their portfolio NEW YORK, NY 30,000,00030.0m $28.5m $28.5m 0.25% Added +17.5m +17,500,000
7 Wellesley Asset Management 2.56% of their portfolio PORTSMOUTH, NH 26,963,00027.0m $25.6m $25.6m 2.56% Reduced -23.7m -23,661,000
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 26,550,00026.6m $25.2m $25.2m 0.00% Added +13.9m +13,909,000
9 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 25,000,00025.0m $23.8m $23.8m 0.02% New
10 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 23,958,00024.0m $227.7k $227.7k 0.00% Added +7.8m +7,776,000
11 OAKTREE CAPITAL MANAGEMENT LP 0.31% of their portfolio LOS ANGELES, CA 19,719,00019.7m $18.7m $18.7m 0.31% Added +18.2m +18,238,000
12 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 18,702,00018.7m $17.7m $17.7m 0.01% Reduced -552.0k -552,000
13 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 18,112,00018.1m $17.2m $17.2m 0.00% Added +5.5m +5,547,000
14 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 16,995,00017.0m $16.4m $16.4m 0.01% Reduced -5.7m -5,722,000
15 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 16,080,00016.1m $15.3m $15.3m 0.03% Added +1.5m +1,500,000
16 AQR Arbitrage LLC 0.34% of their portfolio Greenwich, CT 14,125,00014.1m $13.4m $13.4m 0.34% Reduced -40.0m -40,000,000
17 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 13,450,00013.4m $12.7m $12.7m 0.01% Reduced -700.0k -700,000
18 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,241,00012.2m $11.7m $11.7m 0.00% Added +625.0k +625,000
19 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 5,705,0005.7m $5.4m $5.4m 0.00% Reduced -2.7m -2,711,000
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,972,0005.0m $4.7m $4.7m 0.00% Added +1.4m +1,390,000
21 PALISADE CAPITAL MANAGEMENT, LP 0.10% of their portfolio FORT LEE, NJ 3,700,0003.7m $3.5m $3.5m 0.10% Added +2.8m +2,777,000
22 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 3,481,0003.5m $3.3m $3.3m 0.00% Added +2.3m +2,323,000
23 Sonora Investment Management Group, LLC 0.24% of their portfolio TUCSON, AZ 3,480,0003.5m $3.3m $3.3m 0.24% Reduced -165.0k -165,000
24 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $2.8m $2.8m 0.01% Added +1.0m +1,000,000
25 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 2,900,0002.9m $2.8m $2.8m 0.01% Unchanged
26 CONNING INC. 0.09% of their portfolio HARTFORD, CT 2,700,0002.7m $2.6m $2.6m 0.09% New
27 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 2,616,0002.6m $2.5m $2.5m 0.00% Reduced -474.0k -474,000
28 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 2,000,0002.0m $1.9m $1.9m 0.00% New
29 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,908,0001.9m $1.8m $1.8m 0.00% Reduced -1.1m -1,126,000
30 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 1,900,0001.9m $1.8m $1.8m 0.00% Reduced -300.0k -300,000
31 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,581,0001.6m $1.5m $1.5m 0.00% Reduced -16.0k -16,000
32 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,200,0001.2m $1.1m $1.1m 0.00% Added +500.0k +500,000
33 PROSPECTOR PARTNERS LLC 0.11% of their portfolio GUILFORD, CT 1,000,0001.0m $948.0k $948.0k 0.11% Unchanged
34 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 549,000549.0k $521.0k $521.0k 0.00% Reduced -5.8m -5,819,000
35 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 534,000534.0k $507.0k $507.0k 0.00% Added +149.0k +149,000
36 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 534,000534.0k $507.6k $507.6k 0.01% Reduced -945.0k -945,000
37 KORNITZER CAPITAL MANAGEMENT INC /KS 0.01% of their portfolio SHAWNEE MISSION, KS 500,000500.0k $474.0k $474.0k 0.01% Unchanged
38 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $474.7k $474.7k 0.00% Added +200.0k +200,000
39 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 400,000400.0k $380.6k $380.6k 0.00% Added +14.0k +14,000
40 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 371,000371.0k $351.7k $351.7k 0.00% Unchanged
41 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 182,000182.0k $172.5k $172.5k 0.00% Added +4.0k +4,000
42 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 54,00054.0k $51.2k $51.2k 0.00% Unchanged
43 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 47,00047.0k $44.6k $44.6k 0.00% Reduced -1.0k -1,000
44 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 43,00043.0k $40.8k $40.8k 0.00% Unchanged
45 Mariner, LLC 0.00% of their portfolio Overland Park, KS 42,00042.0k $39.9k $39.9k 0.00% Unchanged
46 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 42,00042.0k $39.8k $39.8k 0.00% Reduced -10.0k -10,000
47 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 35,00035.0k $27.5k $27.5k 0.00% Added +5.0k +5,000
48 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 33,00033.0k $31.4k $31.4k 0.01% Unchanged
49 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 32,00032.0k $30.3k $30.3k 0.00% Unchanged
50 FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. 0.02% of their portfolio SALINE, MI 29,00029.0k $27.6k $27.6k 0.02% Unchanged
51 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 28,00028.0k $26.7k $26.7k 0.00% Unchanged
52 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 25,00025.0k $23.8k $23.8k 0.00% Added +12.0k +12,000
53 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 11,00011.0k $1.0m $1.0m 0.00% New
54 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 11,00011.0k $10.5k $10.5k 0.00% New
55 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 10,00010.0k $948.0k $948.0k 0.01% Unchanged
56 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 10,00010.0k $9.5k $9.5k 0.00% Unchanged
57 COMERICA BANK 0.00% of their portfolio DALLAS, TX 9,0009.0k $8.5k $8.5k 0.00% Unchanged
58 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,0005.0k $4.7k $4.7k 0.00% Unchanged
59 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,0002.0k $1.9k $1.9k 0.00% Added +1.0k +1,000
60 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 225225 $214.7k $214.7k 0.01% Unchanged
61 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Reduced -620.0k -620,000