Vault-13

BIOMARIN PHARMACEUTICAL INC BMRN 1.25 05.15.27

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

54 institutional holders -4 vs Q4 2025
11,589,22511.6m shares reported held*
$522.6mreported value*
7 new 14 added 16 reduced 11 sold out net bought ≈ $29.2m (+950.5k 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 ($6.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $45.65.

Trends to Q1 2026

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: 58Q1 26: 5454Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 202654

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 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 25Q4 25: 23 bought or addedQ4 25: 26 cut or sold outQ1 26: 21 bought or addedQ1 26: 27 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20242824
Q3 20242423
Q4 20242525
Q1 20252133
Q2 20252831
Q3 20252630
Q4 20252326
Q1 20262127

Biggest buyers

CAPSTONE INVESTMENT ADVISORS, LLC Added +19,243,000+19.2m
OAKTREE CAPITAL MANAGEMENT LP Added +13,867,000+13.9m
Man Group plc Added +13,000,000+13.0m
DeepCurrents Investment Group LLC New +10,000,000+10.0m
CITIGROUP INC New +9,805,000+9.8m
JPMORGAN CHASE & CO Added +8,606,000+8.6m
BlackRock, Inc. Added +8,525,000+8.5m
TORONTO DOMINION BANK Added +3,216,000+3.2m
BANK OF AMERICA CORP /DE/ Added +1,767,000+1.8m
JANUS HENDERSON GROUP PLC New +1,600,000+1.6m

Biggest sellers

LAZARD ASSET MANAGEMENT LLC Reduced -32,390,000-32.4m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Sold out -13,450,000-13.4m
Verition Fund Management LLC Reduced -11,200,000-11.2m
MILLENNIUM MANAGEMENT LLC Reduced -10,000,000-10.0m
MacKay Shields LLC Reduced -8,153,000-8.2m
TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -5,000,000-5.0m
Opti Capital Management, LP Reduced -4,000,000-4.0m
Ares Systematic Credit Ltd Sold out -3,400,000-3.4m
WELLINGTON MANAGEMENT GROUP LLP Reduced -2,040,000-2.0m
STATE STREET CORP Reduced -1,325,000-1.3m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.67% of their portfolio NEW YORK, NY 111,500,000111.5m $108.1m $108.1m 1.67% Reduced -5.0m -5,000,000
2 OAKTREE CAPITAL MANAGEMENT LP 0.91% of their portfolio LOS ANGELES, CA 55,985,00056.0m $54.0m $54.0m 0.91% Added +13.9m +13,867,000
3 CAPSTONE INVESTMENT ADVISORS, LLC 0.43% of their portfolio NEW YORK, NY 54,243,00054.2m $52.3m $52.3m 0.43% Added +19.2m +19,243,000
4 BlackRock, Inc. 0.00% of their portfolio New York, NY 50,488,00050.5m $48.6m $48.6m 0.00% Added +8.5m +8,525,000
5 Man Group plc 0.10% of their portfolio LONDON, X0 48,776,00048.8m $47.1m $47.1m 0.10% Added +13.0m +13,000,000
6 Opti Capital Management, LP 1.95% of their portfolio New York, NY 28,058,00028.1m $27.1m $27.1m 1.95% Reduced -4.0m -4,000,000
7 MacKay Shields LLC 0.94% of their portfolio New York, NY 26,502,00026.5m $25.6m $25.6m 0.94% Reduced -8.2m -8,153,000
8 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 23,014,00023.0m $222.1k $222.1k 0.00% Reduced -32.4m -32,390,000
9 TORONTO DOMINION BANK 0.04% of their portfolio TORONTO, ONTARIO, A6 20,214,00020.2m $19.4m $19.4m 0.04% Added +3.2m +3,216,000
10 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 17,876,50017.9m $17.2m $17.2m 0.01% Reduced -218.5k -218,500
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 17,502,00017.5m $16.9m $16.9m 0.00% Added +8.6m +8,606,000
12 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 15,900,00015.9m $15.4m $15.4m 0.03% Unchanged
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,566,00011.6m $11.2m $11.2m 0.00% Reduced -1.3m -1,325,000
14 DeepCurrents Investment Group LLC 0.40% of their portfolio NEW YORK, NY 10,000,00010.0m $9.6m $9.6m 0.40% New
15 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 9,805,0009.8m $9.4m $9.4m 0.01% New
16 Verition Fund Management LLC 0.08% of their portfolio GREENWICH, CT 8,800,0008.8m $8.5m $8.5m 0.08% Reduced -11.2m -11,200,000
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 8,606,0008.6m $8.3m $8.3m 0.00% Added +1.8m +1,767,000
18 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 7,500,0007.5m $7.2m $7.2m 0.01% Reduced -10.0m -10,000,000
19 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 6,926,0006.9m $6.7m $6.7m 0.01% Added +765.0k +765,000
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,076,0005.1m $4.9m $4.9m 0.00% Added +1.3m +1,307,000
21 Wellesley Asset Management 0.41% of their portfolio PORTSMOUTH, NH 4,015,0004.0m $3.9m $3.9m 0.41% Reduced -43.0k -43,000
22 PALISADE CAPITAL MANAGEMENT, LP 0.12% of their portfolio FORT LEE, NJ 3,749,0003.7m $3.6m $3.6m 0.12% Added +126.0k +126,000
23 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 3,348,0003.3m $3.2m $3.2m 0.00% Reduced -75.0k -75,000
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 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 1,877,0001.9m $1.8m $1.8m 0.00% Reduced -23.0k -23,000
28 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 1,600,0001.6m $1.5m $1.5m 0.00% New
29 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,578,0001.6m $1.5m $1.5m 0.00% Added +22.0k +22,000
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,572,0001.6m $1.5m $1.5m 0.00% Added +500.0k +500,000
31 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,178,0001.2m $1.1m $1.1m 0.00% New
32 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $964.5k $964.5k 0.00% New
33 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 626,000626.0k $606.3k $606.3k 0.00% Reduced -2.0m -2,040,000
34 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 534,000534.0k $515.3k $515.3k 0.01% Unchanged
35 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 373,000373.0k $365.9k $365.9k 0.00% Reduced -610.0k -610,000
36 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 371,000371.0k $357.3k $357.3k 0.00% Unchanged
37 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 176,000176.0k $169.5k $169.5k 0.00% Reduced -6.0k -6,000
38 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 76,00076.0k $73.2k $73.2k 0.00% Reduced -20.0k -20,000
39 UBS Group AG 0.00% of their portfolio ZURICH, V8 66,00066.0k $63.6k $63.6k 0.00% Reduced -81.0k -81,000
40 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 54,00054.0k $52.0k $52.0k 0.00% Unchanged
41 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 52,00052.0k $50.1k $50.1k 0.00% Added +10.0k +10,000
42 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 51,00051.0k $49.1k $49.1k 0.00% Added +12.0k +12,000
43 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 49,00049.0k $47.2k $47.2k 0.00% Unchanged
44 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 43,00043.0k $41.4k $41.4k 0.00% Unchanged
45 Mariner, LLC 0.00% of their portfolio Overland Park, KS 42,00042.0k $40.3k $40.3k 0.00% Unchanged
46 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 32,00032.0k $30.7k $30.7k 0.01% Unchanged
47 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 19,00019.0k $18.3k $18.3k 0.00% New
48 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 18,00018.0k $17.3k $17.3k 0.00% Unchanged
49 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 17,00017.0k $16.3k $16.3k 0.00% Unchanged
50 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 11,00011.0k $10.5k $10.5k 0.00% New
51 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 10,00010.0k $964.7k $964.7k 0.01% Unchanged
52 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 10,00010.0k $9.6k $9.6k 0.00% Unchanged
53 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,0005.0k $4.8k $4.8k 0.00% Unchanged
54 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 225225 $218.2k $218.2k 0.01% Unchanged