Vault-13

BOX INC BOX 0 01.15.26

NOTE 1/1 · US DOMESTIC · CUSIP 10316TAB0

48 institutional holders -1 vs Q1 2023
24,885,60024.9m shares reported held*
$427.2mreported value*
5 new 11 added 14 reduced 6 sold out net sold ≈ $1.8m (+3.1m 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 ($6.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.41.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 44Q4 22: 47Q1 23: 49Q2 23: 4848Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202244
Q4 202247
Q1 202349
Q2 202348

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 17 bought or addedQ4 22: 17 cut or sold outQ4 22Q1 23: 22 bought or addedQ1 23: 22 cut or sold outQ1 23Q2 23: 16 bought or addedQ2 23: 20 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221717
Q1 20232222
Q2 20231620

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: $2.0mQ3 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$2.0m—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$0—

Biggest buyers

BlackRock Inc. Added +21,080,000+21.1m
ADVENT CAPITAL MANAGEMENT /DE/ New +12,898,000+12.9m
Flow State Investments, L.P. New +6,575,000+6.6m
Kohlberg Kravis Roberts & Co. L.P. Added +6,000,000+6.0m
Centiva Capital, LP Added +4,000,000+4.0m
TORONTO DOMINION BANK Added +3,946,000+3.9m
SHENKMAN CAPITAL MANAGEMENT INC Added +2,741,000+2.7m
CREDIT SUISSE AG/ New +2,000,000+2.0m
DEUTSCHE BANK AG\ Added +1,650,000+1.6m
JPMORGAN CHASE & CO Added +1,395,000+1.4m

Biggest sellers

Hudson Bay Capital Management LP Reduced -9,744,000-9.7m
Segantii Capital Management Ltd Reduced -9,500,000-9.5m
STEELHEAD PARTNERS LLC Reduced -8,086,000-8.1m
FMR LLC Reduced -8,019,000-8.0m
Shaolin Capital Management LLC Reduced -6,900,000-6.9m
MORGAN STANLEY Reduced -4,190,000-4.2m
Linden Advisors LP Reduced -4,100,000-4.1m
SILVERBACK ASSET MANAGEMENT LLC Reduced -3,548,000-3.5m
BARCLAYS PLC Sold out -3,067,000-3.1m
CSS LLC/IL Reduced -2,500,000-2.5m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.00% of their portfolio New York, NY 36,155,00036.2m $44.9m $44.9m 0.00% Added +21.1m +21,080,000
2 M&G INVESTMENT MANAGEMENT LTD 0.22% of their portfolio London, X0 28,975,00029.0m $36.2m $36.2m 0.22% Added +438.0k +438,000
3 Calamos Advisors LLC 0.16% of their portfolio NAPERVILLE, IL 25,000,00025.0m $31.1m $31.1m 0.16% Unchanged
4 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 22,711,00022.7m $28.3m $28.3m 0.00% Added +1.4m +1,395,000
5 Man Group plc 0.08% of their portfolio LONDON, X0 21,800,00021.8m $27.2m $27.2m 0.08% Added +1.1m +1,100,000
6 Shaolin Capital Management LLC 2.08% of their portfolio Miami, FL 18,100,00018.1m $22.5m $22.5m 2.08% Reduced -6.9m -6,900,000
7 DeepCurrents Investment Group LLC 0.82% of their portfolio NEW YORK, NY 15,338,00015.3m $19.1m $19.1m 0.82% Unchanged
8 Kohlberg Kravis Roberts & Co. L.P. 0.56% of their portfolio NEW YORK, NY 14,500,00014.5m $18.0m $18.0m 0.56% Added +6.0m +6,000,000
9 ADVENT CAPITAL MANAGEMENT /DE/ 0.32% of their portfolio NEW YORK, NY 12,898,00012.9m $16.1m $16.1m 0.32% New
10 SHENKMAN CAPITAL MANAGEMENT INC 1.02% of their portfolio NEW YORK, NY 10,564,00010.6m $13.1m $13.1m 1.02% Added +2.7m +2,741,000
11 STEELHEAD PARTNERS LLC 0.79% of their portfolio SEATTLE, WA 10,000,00010.0m $12.5m $12.5m 0.79% Reduced -8.1m -8,086,000
12 Hudson Bay Capital Management LP 0.12% of their portfolio STAMFORD, CT 9,744,0009.7m $12.1m $12.1m 0.12% Reduced -9.7m -9,744,000
13 ABSOLUTE INVESTMENT ADVISERS, LLC 1.63% of their portfolio ROSEMARY BEACH, FL 9,348,0009.3m $11.6m $11.6m 1.63% Unchanged
14 FMR LLC 0.00% of their portfolio BOSTON, MA 8,019,0008.0m $10.0m $10.0m 0.00% Reduced -8.0m -8,019,000
15 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 7,892,0007.9m $9.7m $9.7m 0.01% Added +3.9m +3,946,000
16 Segantii Capital Management Ltd 0.55% of their portfolio HONG KONG, K3 7,500,0007.5m $9.3m $9.3m 0.55% Reduced -9.5m -9,500,000
17 Centiva Capital, LP 0.47% of their portfolio New York, NY 7,500,0007.5m $9.4m $9.4m 0.47% Added +4.0m +4,000,000
18 TENOR CAPITAL MANAGEMENT Co., L.P. 0.18% of their portfolio NEW YORK, NY 7,032,0007.0m $8.8m $8.8m 0.18% Added +32.0k +32,000
19 Flow State Investments, L.P. 3.46% of their portfolio CHICAGO, IL 6,575,0006.6m $8.2m $8.2m 3.46% New
20 SILVERBACK ASSET MANAGEMENT LLC 0.99% of their portfolio DURHAM, NC 5,810,0005.8m $7.2m $7.2m 0.99% Reduced -3.5m -3,548,000
21 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 5,549,0005.5m $6.9m $6.9m 0.01% Reduced -137.0k -137,000
22 SSI INVESTMENT MANAGEMENT LLC 0.47% of their portfolio Los Angeles, CA 5,419,0005.4m $6.7m $6.7m 0.47% Reduced -185.0k -185,000
23 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 4,750,0004.8m $5.9m $5.9m 0.01% Unchanged
24 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 4,299,2144.3m $5.4m $5.4m 0.00% Reduced -1.8m -1,777,000
25 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 4,038,0004.0m $5.0m $5.0m 0.00% Added +1.6m +1,650,000
26 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 3,563,0003.6m $4.4m $4.4m 0.00% Added +363.0k +363,000
27 Warberg Asset Management LLC 1.24% of their portfolio WINNETKA, IL 3,500,0003.5m $4.4m $4.4m 1.24% Unchanged
28 CSS LLC/IL 0.24% of their portfolio CHICAGO, IL 2,500,0002.5m $3.1m $3.1m 0.24% Reduced -2.5m -2,500,000
29 III Capital Management 0.24% of their portfolio BOCA RATON, FL 2,500,0002.5m $3.1m $3.1m 0.24% Unchanged
30 PALISADE CAPITAL MANAGEMENT, LP 0.08% of their portfolio FORT LEE, NJ 2,498,0002.5m $3.1m $3.1m 0.08% Reduced -850.0k -850,000
31 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 2,000,0002.0m $2.4m $2.4m 0.00% New
32 Fore Capital, LLC 4.47% of their portfolio New York, NY 2,000,0002.0m $2.5m $2.5m 4.47% Unchanged
33 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 2,000,0002.0m $2.5m $2.5m 0.01% Unchanged
34 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,068,0001.1m $1.3m $1.3m 0.00% Unchanged
35 Quaero Capital S.A. 0.67% of their portfolio GENEVE, V8 700,000700.0k $875.6k $875.6k 0.67% Unchanged
36 Linden Advisors LP 0.01% of their portfolio New York, NY 511,000511.0k $636.5k $636.5k 0.01% Reduced -4.1m -4,100,000
37 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 450,000450.0k $558.9k $558.9k 0.00% New
38 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 370,000370.0k $459.6k $459.6k 0.00% Reduced -4.2m -4,190,000
39 RWC Asset Management LLP 0.02% of their portfolio LONDON, X0 300,000300.0k $373.8k $373.8k 0.02% Unchanged
40 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 250,000250.0k $310.7k $310.7k 0.00% Unchanged
41 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 109,000109.0k $135.4k $135.4k 0.00% Unchanged
42 SG Americas Securities, LLC 0.06% of their portfolio NEW YORK, NY 55,00055.0k $6.9m $6.9m 0.06% New
43 Harel Insurance Investments & Financial Services Ltd. 0.00% of their portfolio Ramat Gan, L3 50,00050.0k $62.0k $62.0k 0.00% Unchanged
44 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 47,00047.0k $58.0k $58.0k 0.00% Unchanged
45 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 46,00046.0k $57.1k $57.1k 0.00% Unchanged
46 Verition Fund Management LLC 0.10% of their portfolio GREENWICH, CT 4,9044.9k $6.1m $6.1m 0.10% Unchanged
47 Boussard & Gavaudan Investment Management LLP 0.43% of their portfolio London, X0 3,6003.6k $4.5m $4.5m 0.43% Reduced -1.9k -1,900
48 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged