Vault-13

BOX INC BOX 1.5 09.15.29

NOTE 1.500% 9/1 · US DOMESTIC · CUSIP 10316TAD6

44 institutional holders -2 vs Q1 2026
10,868,00010.9m shares reported held*
$429.8mreported value*
9 new 9 added 11 reduced 11 sold out net sold ≈ $34.4m (-33.4m 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. Holder counts are more reliable. Implied quarter-end price ≈ $39.55.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 25: 52Q4 25: 52Q1 26: 46Q2 26: 4444Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 202552
Q4 202552
Q1 202646
Q2 202644

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 25: 21 bought or addedQ4 25: 23 cut or sold outQ4 25Q1 26: 23 bought or addedQ1 26: 24 cut or sold outQ1 26Q2 26: 18 bought or addedQ2 26: 22 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 20252123
Q1 20262324
Q2 20261822

Biggest buyers

LAZARD ASSET MANAGEMENT LLC Added +22,100,000+22.1m
LMR Partners LLP New +20,000,000+20.0m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +12,500,000+12.5m
Walleye Capital LLC Added +8,973,000+9.0m
MILLENNIUM MANAGEMENT LLC New +8,500,000+8.5m
SSI INVESTMENT MANAGEMENT LLC New +5,880,000+5.9m
UBS Group AG New +5,000,000+5.0m
Man Group plc Added +5,000,000+5.0m
STATE STREET CORP Added +4,464,000+4.5m
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. New +3,124,000+3.1m

Biggest sellers

MOORE CAPITAL MANAGEMENT, LP Sold out -31,500,000-31.5m
TPG GP A, LLC Sold out -29,000,000-29.0m
Verition Fund Management LLC Sold out -11,000,000-11.0m
Daiwa Securities Group Inc. Sold out -7,500,000-7.5m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -7,500,000-7.5m
FRANKLIN RESOURCES INC Reduced -6,930,000-6.9m
JPMORGAN CHASE & CO Reduced -6,093,000-6.1m
SSI INVESTMENT MANAGEMENT LLC Sold out -4,362,000-4.4m
SHENKMAN CAPITAL MANAGEMENT INC Sold out -4,091,000-4.1m
MORGAN STANLEY Reduced -2,648,000-2.6m

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Wellesley Asset Management 4.29% of their portfolio PORTSMOUTH, NH 49,546,00049.5m $47.0m $47.0m 4.29% Reduced -1.6m -1,635,000
2 Opti Capital Management, LP 2.96% of their portfolio New York, NY 49,500,00049.5m $48.5m $48.5m 2.96% Unchanged
3 Walleye Capital LLC 0.20% of their portfolio NEW YORK, NY 43,973,00044.0m $43.0m $43.0m 0.20% Added +9.0m +8,973,000
4 M&G PLC 0.18% of their portfolio London, X0 37,455,00037.5m $36.7m $36.7m 0.18% Unchanged
5 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 28,685,00028.7m $28.0m $28.0m 0.00% Unchanged
6 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 25,125,00025.1m $245.8k $245.8k 0.00% Added +22.1m +22,100,000
7 LMR Partners LLP 0.14% of their portfolio LONDON, X0 20,000,00020.0m $19.5m $19.5m 0.14% New
8 BlackRock, Inc. 0.00% of their portfolio New York, NY 18,580,00018.6m $18.1m $18.1m 0.00% Added +2.9m +2,925,000
9 TENOR CAPITAL MANAGEMENT Co., L.P. 0.25% of their portfolio NEW YORK, NY 18,000,00018.0m $17.7m $17.7m 0.25% Added +12.5m +12,500,000
10 CAMDEN ASSET MANAGEMENT L P /CA 0.50% of their portfolio Los Angeles, CA 17,500,00017.5m $17.1m $17.1m 0.50% Reduced -7.5m -7,500,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 13,422,00013.4m $13.2m $13.2m 0.00% Added +4.5m +4,464,000
12 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 11,951,00012.0m $11.7m $11.7m 0.04% Unchanged
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 10,570,00010.6m $10.3m $10.3m 0.00% Reduced -2.6m -2,648,000
14 ABSOLUTE INVESTMENT ADVISERS, LLC 0.99% of their portfolio ROSEMARY BEACH, FL 10,500,00010.5m $10.2m $10.2m 0.99% Unchanged
15 FMR LLC 0.00% of their portfolio BOSTON, MA 9,798,0009.8m $9.6m $9.6m 0.00% Reduced -15.0k -15,000
16 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 9,500,0009.5m $9.6m $9.6m 0.00% Unchanged
17 Man Group plc 0.02% of their portfolio LONDON, X0 9,458,0009.5m $9.2m $9.2m 0.02% Added +5.0m +5,000,000
18 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 8,500,0008.5m $8.3m $8.3m 0.01% New
19 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 7,500,0007.5m $7.3m $7.3m 0.01% Reduced -500.0k -500,000
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,985,0007.0m $6.8m $6.8m 0.00% Reduced -6.1m -6,093,000
21 SSI INVESTMENT MANAGEMENT LLC 0.33% of their portfolio Los Angeles, CA 5,880,0005.9m $5.7m $5.7m 0.33% New
22 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,000,0005.0m $4.9m $4.9m 0.00% New
23 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 4,504,0004.5m $4.4m $4.4m 0.00% Unchanged
24 KIM, LLC 0.44% of their portfolio WICHITA, KS 3,318,0003.3m $3.2m $3.2m 0.44% Added +1.3m +1,318,000
25 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 3,124,0003.1m $3.1m $3.1m 0.00% New
26 ADVENT CAPITAL MANAGEMENT /DE/ 0.07% of their portfolio NEW YORK, NY 3,031,0003.0m $3.0m $3.0m 0.07% Added +2.9m +2,920,000
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,462,0002.5m $2.4m $2.4m 0.00% Added +1.1m +1,150,000
28 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 510,000510.0k $499.0k $499.0k 0.00% Reduced -6.9m -6,930,000
29 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $195.7k $195.7k 0.00% Unchanged
30 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 130,000130.0k $126.3k $126.3k 0.00% Reduced -124.0k -124,000
31 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 120,000120.0k $117.1k $117.1k 0.00% Unchanged
32 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 100,000100.0k $97.8k $97.8k 0.00% Unchanged
33 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 100,000100.0k $98.2k $98.2k 0.00% Unchanged
34 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 53,00053.0k $51.9k $51.9k 0.00% New
35 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 40,00040.0k $39.2k $39.2k 0.00% Reduced -2.0k -2,000
36 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 36,00036.0k $35.1k $35.1k 0.00% Reduced -3.0k -3,000
37 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 32,00032.0k $31.4k $31.4k 0.00% Reduced -2.0k -2,000
38 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 27,00027.0k $26.4k $26.4k 0.00% New
39 Squarepoint Ops LLC 0.04% of their portfolio NEW YORK, NY 20,00020.0k $19.6m $19.6m 0.04% New
40 Mariner, LLC 0.00% of their portfolio Overland Park, KS 16,00016.0k $15.6k $15.6k 0.00% Unchanged
41 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 15,00015.0k $14.6k $14.6k 0.00% Unchanged
42 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 10,00010.0k $9.8k $9.8k 0.00% Unchanged
43 K2 PRINCIPAL FUND, L.P. 0.90% of their portfolio TORONTO, A6 10,00010.0k $9.8m $9.8m 0.90% Unchanged
44 Intellectus Partners, LLC 0.04% of their portfolio SAN FRANCISCO, CA 242242 $237.3k $237.3k 0.04% New