Vault-13

BLACKLINE INC BL 0.125 08.01.24

NOTE 0.125% 8/0 · US DOMESTIC · CUSIP 09239BAB5

32 institutional holders +1 vs Q1 2023
9,273,0009.3m shares reported held*
$273.8mreported value*
5 new 3 added 10 reduced 4 sold out net sold ≈ $5.3m (-4.5m 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.77.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 35Q4 22: 33Q1 23: 31Q2 23: 3232Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202235
Q4 202233
Q1 202331
Q2 202332

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 12 bought or addedQ4 22: 14 cut or sold outQ4 22Q1 23: 12 bought or addedQ1 23: 12 cut or sold outQ1 23Q2 23: 8 bought or addedQ2 23: 14 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221214
Q1 20231212
Q2 2023814

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5m$2mQ3 22 calls: $0Q3 22 puts: $1.6mQ3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$1.6m—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$0—

Biggest buyers

STEELHEAD PARTNERS LLC New +31,000,000+31.0m
CAPSTONE INVESTMENT ADVISORS, LLC New +15,000,000+15.0m
SHENKMAN CAPITAL MANAGEMENT INC Added +4,881,000+4.9m
PALISADE CAPITAL MANAGEMENT, LP Added +1,933,000+1.9m
Invesco Ltd. New +330,000+330.0k
BOOTHBAY FUND MANAGEMENT, LLC New +294,000+294.0k
STATE STREET CORP Added +150,000+150.0k
Jefferies Financial Group Inc. New +25,000+25.0k

Biggest sellers

FMR LLC Reduced -17,304,000-17.3m
D. E. Shaw & Co., Inc. Reduced -17,000,000-17.0m
BANK OF AMERICA CORP /DE/ Reduced -4,363,000-4.4m
WELLS FARGO & COMPANY/MN Reduced -3,900,000-3.9m
III Capital Management Reduced -3,680,000-3.7m
BARCLAYS PLC Reduced -3,243,000-3.2m
TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -3,000,000-3.0m
JANE STREET GROUP, LLC Sold out -2,100,000-2.1m
MORGAN STANLEY Sold out -1,570,000-1.6m
ABSOLUTE INVESTMENT ADVISERS, LLC Reduced -1,500,000-1.5m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 36,837,00036.8m $36.9m $36.9m 0.05% Unchanged
2 STEELHEAD PARTNERS LLC 1.96% of their portfolio SEATTLE, WA 31,000,00031.0m $31.0m $31.0m 1.96% New
3 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 26,900,00026.9m $26.9m $26.9m 0.05% Unchanged
4 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 24,302,00024.3m $24.3m $24.3m 0.04% Reduced -17.0m -17,000,000
5 Calamos Advisors LLC 0.12% of their portfolio NAPERVILLE, IL 24,000,00024.0m $24.0m $24.0m 0.12% Unchanged
6 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 20,500,00020.5m $20.5m $20.5m 0.01% Unchanged
7 Castle Creek Arbitrage, LLC 2.05% of their portfolio AVON, CO 16,555,00016.6m $16.6m $16.6m 2.05% Unchanged
8 FMR LLC 0.00% of their portfolio BOSTON, MA 15,292,00015.3m $15.2m $15.2m 0.00% Reduced -17.3m -17,304,000
9 CAPSTONE INVESTMENT ADVISORS, LLC 0.44% of their portfolio NEW YORK, NY 15,000,00015.0m $15.0m $15.0m 0.44% New
10 III Capital Management 0.89% of their portfolio BOCA RATON, FL 11,417,00011.4m $11.4m $11.4m 0.89% Reduced -3.7m -3,680,000
11 TENOR CAPITAL MANAGEMENT Co., L.P. 0.21% of their portfolio NEW YORK, NY 10,000,00010.0m $10.0m $10.0m 0.21% Reduced -3.0m -3,000,000
12 SHENKMAN CAPITAL MANAGEMENT INC 0.70% of their portfolio NEW YORK, NY 9,033,0009.0m $9.0m $9.0m 0.70% Added +4.9m +4,881,000
13 DeepCurrents Investment Group LLC 0.32% of their portfolio NEW YORK, NY 7,400,0007.4m $7.4m $7.4m 0.32% Unchanged
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 6,714,0006.7m $6.7m $6.7m 0.00% Added +150.0k +150,000
15 MIZUHO SECURITIES USA LLC 0.22% of their portfolio NEW YORK, NY 6,687,0006.7m $6.7m $6.7m 0.22% Reduced -936.0k -936,000
16 PALISADE CAPITAL MANAGEMENT, LP 0.12% of their portfolio FORT LEE, NJ 4,650,0004.7m $4.6m $4.6m 0.12% Added +1.9m +1,933,000
17 ABSOLUTE INVESTMENT ADVISERS, LLC 0.28% of their portfolio ROSEMARY BEACH, FL 2,000,0002.0m $2.0m $2.0m 0.28% Reduced -1.5m -1,500,000
18 BlackRock Inc. 0.00% of their portfolio New York, NY 1,413,0001.4m $1.4m $1.4m 0.00% Reduced -50.0k -50,000
19 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,100,0001.1m $1.1m $1.1m 0.00% Reduced -3.2m -3,243,000
20 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,000,0001.0m $999.6k $999.6k 0.00% Unchanged
21 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 556,000556.0k $558.0k $558.0k 0.00% Unchanged
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 331,000331.0k $330.9k $330.9k 0.00% Unchanged
23 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 330,000330.0k $328.5k $328.5k 0.00% New
24 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 323,000323.0k $322.9k $322.9k 0.00% Reduced -3.9m -3,900,000
25 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 294,000294.0k $294.0k $294.0k 0.01% New
26 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 176,000176.0k $175.2k $175.2k 0.00% Reduced -4.4m -4,363,000
27 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 25,00025.0k $25.2k $25.2k 0.00% New
28 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 19,00019.0k $19.0k $19.0k 0.00% Unchanged
29 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 18,00018.0k $17.9k $17.9k 0.00% Unchanged
30 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 11,00011.0k $11.0k $11.0k 0.00% Unchanged
31 Verition Fund Management LLC 0.03% of their portfolio GREENWICH, CT 2,2232.2k $2.2m $2.2m 0.03% Unchanged
32 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged