Vault-13

BIOMARIN PHARMACEUTICAL INC BMRN 1.25 05.15.27

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

58 institutional holders -3 vs Q3 2025
10,638,68510.6m shares reported held*
$494.3mreported value*
8 new 15 added 14 reduced 12 sold out net sold ≈ $44.4m (+3.5m 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 ($3.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $46.78.

Trends to Q4 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: 61Q4 25: 5858Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 202558

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 24: 19 bought or addedQ1 24: 20 cut or sold outQ2 24: 28 bought or addedQ2 24: 24 cut or sold outQ2 24Q3 24: 24 bought or addedQ3 24: 23 cut or sold outQ4 24: 25 bought or addedQ4 24: 25 cut or sold outQ4 24Q1 25: 21 bought or addedQ1 25: 33 cut or sold outQ2 25: 28 bought or addedQ2 25: 31 cut or sold outQ2 25Q3 25: 26 bought or addedQ3 25: 30 cut or sold outQ4 25: 23 bought or addedQ4 25: 26 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241920
Q2 20242824
Q3 20242423
Q4 20242525
Q1 20252133
Q2 20252831
Q3 20252630
Q4 20252326

Biggest buyers

Man Group plc New +35,776,000+35.8m
LAZARD ASSET MANAGEMENT LLC Added +31,446,000+31.4m
OAKTREE CAPITAL MANAGEMENT LP Added +22,399,000+22.4m
Verition Fund Management LLC New +20,000,000+20.0m
TORONTO DOMINION BANK Added +14,998,000+15.0m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +14,425,000+14.4m
CAPSTONE INVESTMENT ADVISORS, LLC Added +5,000,000+5.0m
BlackRock, Inc. Added +4,230,000+4.2m
Focus Partners Wealth New +3,423,000+3.4m
ROYAL BANK OF CANADA Added +3,220,000+3.2m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Sold out -69,530,000-69.5m
Wellesley Asset Management Reduced -22,905,000-22.9m
JPMORGAN CHASE & CO Reduced -17,654,000-17.7m
BNP PARIBAS FINANCIAL MARKETS Reduced -16,012,000-16.0m
AQR Arbitrage LLC Sold out -14,125,000-14.1m
BANK OF AMERICA CORP /DE/ Reduced -11,273,000-11.3m
MILLENNIUM MANAGEMENT LLC Reduced -7,500,000-7.5m
FRANKLIN RESOURCES INC Sold out -5,705,000-5.7m
MORGAN STANLEY Reduced -3,900,000-3.9m
CITIGROUP INC Sold out -1,908,000-1.9m

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.58% of their portfolio NEW YORK, NY 116,500,000116.5m $112.2m $112.2m 1.58% Added +14.4m +14,425,000
2 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 55,404,00055.4m $532.1k $532.1k 0.00% Added +31.4m +31,446,000
3 OAKTREE CAPITAL MANAGEMENT LP 0.66% of their portfolio LOS ANGELES, CA 42,118,00042.1m $40.5m $40.5m 0.66% Added +22.4m +22,399,000
4 BlackRock, Inc. 0.00% of their portfolio New York, NY 41,963,00042.0m $40.2m $40.2m 0.00% Added +4.2m +4,230,000
5 Man Group plc 0.07% of their portfolio LONDON, X0 35,776,00035.8m $34.4m $34.4m 0.07% New
6 CAPSTONE INVESTMENT ADVISORS, LLC 0.27% of their portfolio NEW YORK, NY 35,000,00035.0m $33.6m $33.6m 0.27% Added +5.0m +5,000,000
7 MacKay Shields LLC 1.16% of their portfolio New York, NY 34,655,00034.7m $33.3m $33.3m 1.16% Reduced -551.0k -551,000
8 Opti Capital Management, LP 2.25% of their portfolio New York, NY 32,058,00032.1m $30.9m $30.9m 2.25% Unchanged
9 Verition Fund Management LLC 0.10% of their portfolio GREENWICH, CT 20,000,00020.0m $19.2m $19.2m 0.10% New
10 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 18,095,00018.1m $17.3m $17.3m 0.01% Reduced -607.0k -607,000
11 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 17,500,00017.5m $16.8m $16.8m 0.01% Reduced -7.5m -7,500,000
12 TORONTO DOMINION BANK 0.03% of their portfolio TORONTO, ONTARIO, A6 16,998,00017.0m $16.2m $16.2m 0.03% Added +15.0m +14,998,000
13 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 15,900,00015.9m $15.3m $15.3m 0.03% Reduced -180.0k -180,000
14 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 13,450,00013.4m $12.9m $12.9m 0.01% Unchanged
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,891,00012.9m $12.4m $12.4m 0.00% Added +650.0k +650,000
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,896,0008.9m $8.5m $8.5m 0.00% Reduced -17.7m -17,654,000
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,839,0006.8m $6.6m $6.6m 0.00% Reduced -11.3m -11,273,000
18 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 6,161,0006.2m $5.9m $5.9m 0.01% Added +2.7m +2,680,000
19 Wellesley Asset Management 0.41% of their portfolio PORTSMOUTH, NH 4,058,0004.1m $3.9m $3.9m 0.41% Reduced -22.9m -22,905,000
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,769,0003.8m $3.6m $3.6m 0.00% Added +3.2m +3,220,000
21 PALISADE CAPITAL MANAGEMENT, LP 0.10% of their portfolio FORT LEE, NJ 3,623,0003.6m $3.5m $3.5m 0.10% Reduced -77.0k -77,000
22 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 3,423,0003.4m $3.3m $3.3m 0.00% New
23 Ares Systematic Credit Ltd 2.66% of their portfolio LONDON, X0 3,400,0003.4m $3.3m $3.3m 2.66% First filing
24 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $2.9m $2.9m 0.01% Unchanged
25 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 2,900,0002.9m $2.8m $2.8m 0.00% Unchanged
26 CONNING INC. 0.09% of their portfolio HARTFORD, CT 2,700,0002.7m $2.6m $2.6m 0.09% Unchanged
27 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 2,666,0002.7m $2.6m $2.6m 0.00% Added +50.0k +50,000
28 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 1,900,0001.9m $1.8m $1.8m 0.00% First filing
29 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,556,0001.6m $1.5m $1.5m 0.00% Reduced -25.0k -25,000
30 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,200,0001.2m $1.2m $1.2m 0.00% Unchanged
31 Sculptor Capital LP 0.01% of their portfolio New York, NY 1,084,0001.1m $1.0m $1.0m 0.01% New
32 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,072,0001.1m $1.0m $1.0m 0.00% Reduced -3.9m -3,900,000
33 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 983,000983.0k $941.6k $941.6k 0.00% Reduced -16.0m -16,012,000
34 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 939,000939.0k $901.0k $901.0k 0.01% Added +539.0k +539,000
35 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 546,000546.0k $524.4k $524.4k 0.00% Added +46.0k +46,000
36 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 534,000534.0k $512.9k $512.9k 0.01% Unchanged
37 KORNITZER CAPITAL MANAGEMENT INC /KS 0.01% of their portfolio SHAWNEE MISSION, KS 500,000500.0k $478.9k $478.9k 0.01% Unchanged
38 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 371,000371.0k $355.4k $355.4k 0.00% Unchanged
39 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 182,000182.0k $174.3k $174.3k 0.00% Unchanged
40 UBS Group AG 0.00% of their portfolio ZURICH, V8 147,000147.0k $140.8k $140.8k 0.00% Added +145.0k +145,000
41 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 96,00096.0k $92.0k $92.0k 0.00% Added +49.0k +49,000
42 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 54,00054.0k $51.7k $51.7k 0.00% Unchanged
43 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 49,00049.0k $46.9k $46.9k 0.00% New
44 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 43,00043.0k $41.2k $41.2k 0.00% Unchanged
45 Mariner, LLC 0.00% of their portfolio Overland Park, KS 42,00042.0k $40.0k $40.0k 0.00% Unchanged
46 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 42,00042.0k $40.2k $40.2k 0.00% Unchanged
47 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 39,00039.0k $37.4k $37.4k 0.00% Added +7.0k +7,000
48 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 32,00032.0k $30.5k $30.5k 0.01% Reduced -1.0k -1,000
49 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 20,00020.0k $19.2k $19.2k 0.00% New
50 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 18,00018.0k $17.2k $17.2k 0.00% Reduced -17.0k -17,000
51 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 17,00017.0k $16.2k $16.2k 0.00% Reduced -8.0k -8,000
52 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 11,00011.0k $10.5k $10.5k 0.00% Unchanged
53 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 10,00010.0k $959.6k $959.6k 0.01% Unchanged
54 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 10,00010.0k $9.6k $9.6k 0.00% Unchanged
55 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 7,4607.5k $443.3k $443.3k 0.00% New
56 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 6,0006.0k $5.7k $5.7k 0.00% New
57 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,0005.0k $4.8k $4.8k 0.00% Unchanged
58 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 225225 $216.5k $216.5k 0.01% Unchanged