Vault-13

BRIDGEBIO PHARMA INC BBIO 2.25 02.01.29

NOTE 2.250% 2/0 · US DOMESTIC · CUSIP 10806XAD4

42 institutional holders +0 vs Q1 2025
10,041,00010.0m shares reported held*
$702.3mreported value*
2 new 18 added 10 reduced 2 sold out net sold ≈ $124.4m (+267.0k 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 ($1.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $70.07.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 36Q4 22: 37Q1 23: 45Q2 23: 42Q3 23: 46Q4 23: 42Q1 24: 45Q2 24: 43Q3 24: 40Q4 24: 40Q1 25: 42Q2 25: 4242Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202236
Q4 202237
Q1 202345
Q2 202342
Q3 202346
Q4 202342
Q1 202445
Q2 202443
Q3 202440
Q4 202440
Q1 202542
Q2 202542

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 20 bought or addedQ3 23: 23 cut or sold outQ4 23: 14 bought or addedQ4 23: 16 cut or sold outQ4 23Q1 24: 21 bought or addedQ1 24: 20 cut or sold outQ2 24: 16 bought or addedQ2 24: 20 cut or sold outQ2 24Q3 24: 16 bought or addedQ3 24: 17 cut or sold outQ4 24: 19 bought or addedQ4 24: 12 cut or sold outQ4 24Q1 25: 24 bought or addedQ1 25: 17 cut or sold outQ2 25: 20 bought or addedQ2 25: 12 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232023
Q4 20231416
Q1 20242120
Q2 20241620
Q3 20241617
Q4 20241912
Q1 20252417
Q2 20252012

Biggest buyers

STEELHEAD PARTNERS LLC New +14,000,000+14.0m
Linden Advisors LP Added +11,250,000+11.2m
SONA ASSET MANAGEMENT (US) LLC Added +8,000,000+8.0m
D. E. Shaw & Co., Inc. Added +7,311,000+7.3m
LAZARD ASSET MANAGEMENT LLC Added +6,500,000+6.5m
MacKay Shields LLC Added +4,434,000+4.4m
SILVERBACK ASSET MANAGEMENT LLC Added +4,000,000+4.0m
OAKTREE CAPITAL MANAGEMENT LP Added +3,921,000+3.9m
WELLS FARGO & COMPANY/MN Added +3,244,000+3.2m
WOLVERINE ASSET MANAGEMENT LLC Added +3,000,000+3.0m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -118,175,000-118.2m
BRAIDWELL LP Sold out -48,594,000-48.6m
GOLDMAN SACHS GROUP INC Reduced -12,500,000-12.5m
BANK OF AMERICA CORP /DE/ Reduced -11,750,000-11.8m
AMERIPRISE FINANCIAL INC Reduced -7,800,000-7.8m
CITIGROUP INC Reduced -2,301,000-2.3m
ARISTEIA CAPITAL, L.L.C. Reduced -2,000,000-2.0m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -1,458,000-1.5m
BlackRock, Inc. Reduced -550,000-550.0k
Russell Investments Group, Ltd. Reduced -244,000-244.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.85% of their portfolio New York, NY 148,048,000148.0m $138.6m $138.6m 0.85% Added +11.2m +11,250,000
2 VOYA INVESTMENT MANAGEMENT LLC 0.11% of their portfolio ATLANTA, GA 118,175,000118.2m $110.6m $110.6m 0.11% Reduced -118.2m -118,175,000
3 WOLVERINE ASSET MANAGEMENT LLC 0.70% of their portfolio CHICAGO, IL 44,500,00044.5m $41.6m $41.6m 0.70% Added +3.0m +3,000,000
4 SONA ASSET MANAGEMENT (US) LLC 0.99% of their portfolio NEW YORK, NY 31,230,00031.2m $29.3m $29.3m 0.99% Added +8.0m +8,000,000
5 Davidson Kempner Capital Management LP 0.43% of their portfolio New York, NY 30,000,00030.0m $27.9m $27.9m 0.43% Unchanged
6 MacKay Shields LLC 0.87% of their portfolio New York, NY 28,922,00028.9m $27.1m $27.1m 0.87% Added +4.4m +4,434,000
7 ARISTEIA CAPITAL, L.L.C. 0.74% of their portfolio GREENWICH, CT 28,000,00028.0m $26.2m $26.2m 0.74% Reduced -2.0m -2,000,000
8 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 24,355,00024.4m $22.8m $22.8m 0.01% Added +3.2m +3,244,000
9 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 22,061,00022.1m $20.7m $20.7m 0.02% Added +7.3m +7,311,000
10 Laurion Capital Management LP 2.06% of their portfolio NEW YORK, NY 19,100,00019.1m $17.9m $17.9m 2.06% Unchanged
11 OAKTREE CAPITAL MANAGEMENT LP 0.33% of their portfolio LOS ANGELES, CA 18,056,00018.1m $16.9m $16.9m 0.33% Added +3.9m +3,921,000
12 ADVENT CAPITAL MANAGEMENT /DE/ 0.32% of their portfolio NEW YORK, NY 15,340,00015.3m $14.4m $14.4m 0.32% Reduced -1.5m -1,458,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 14,325,00014.3m $13.6m $13.6m 0.00% Added +375.0k +375,000
14 STEELHEAD PARTNERS LLC 0.66% of their portfolio SEATTLE, WA 14,000,00014.0m $13.1m $13.1m 0.66% New
15 SILVERBACK ASSET MANAGEMENT LLC 1.87% of their portfolio DURHAM, NC 13,000,00013.0m $12.2m $12.2m 1.87% Added +4.0m +4,000,000
16 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio TORONTO, A6 12,500,00012.5m $11.7m $11.7m 0.02% Unchanged
17 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 12,200,00012.2m $11.4m $11.4m 0.00% Reduced -7.8m -7,800,000
18 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 12,019,00012.0m $11.2m $11.2m 0.02% Added +6.5m +6,500,000
19 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 10,000,00010.0m $9.4m $9.4m 0.04% Unchanged
20 FMR LLC 0.00% of their portfolio BOSTON, MA 9,090,0009.1m $8.5m $8.5m 0.00% Unchanged
21 BlackRock, Inc. 0.00% of their portfolio New York, NY 7,175,0007.2m $6.7m $6.7m 0.00% Reduced -550.0k -550,000
22 CSS LLC/IL 0.37% of their portfolio CHICAGO, IL 6,238,0006.2m $5.8m $5.8m 0.37% Added +1.7m +1,738,000
23 SSI INVESTMENT MANAGEMENT LLC 0.36% of their portfolio Los Angeles, CA 5,500,0005.5m $5.1m $5.1m 0.36% Added +1.8m +1,750,000
24 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 5,000,0005.0m $4.7m $4.7m 0.00% Unchanged
25 ADAR1 Capital Management, LLC 0.68% of their portfolio AUSTIN, TX 4,500,0004.5m $4.2m $4.2m 0.68% Unchanged
26 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 4,014,0004.0m $3.7m $3.7m 0.00% Unchanged
27 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 3,228,0003.2m $3.1m $3.1m 0.00% Reduced -244.0k -244,000
28 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 3,056,0003.1m $2.8m $2.8m 0.00% Added +185.0k +185,000
29 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 2,500,0002.5m $2.3m $2.3m 0.00% Reduced -12.5m -12,500,000
30 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 2,500,0002.5m $2.4m $2.4m 0.01% Added +1 +1
31 PALISADE CAPITAL MANAGEMENT, LP 0.05% of their portfolio FORT LEE, NJ 2,000,0002.0m $1.9m $1.9m 0.05% Unchanged
32 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,839,0001.8m $1.7m $1.7m 0.00% Added +1.4m +1,450,000
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,244,0001.2m $1.2m $1.2m 0.00% Reduced -2.3m -2,301,000
34 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 1,150,0001.1m $1.1m $1.1m 0.00% Added +339.0k +339,000
35 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 876,000876.0k $819.3k $819.3k 0.00% New
36 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 703,000703.0k $654.5k $654.5k 0.00% Reduced -11.8m -11,750,000
37 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 600,000600.0k $568.4k $568.4k 0.00% Unchanged
38 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 271,000271.0k $252.3k $252.3k 0.00% Added +82.0k +82,000
39 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $187.0k $187.0k 0.00% Unchanged
40 Context Capital Management, LLC 2.30% of their portfolio LAJOLLA, CA 72,70472.7k $68.1m $68.1m 2.30% Added +2.3k +2,300
41 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 16,22016.2k $1.5m $1.5m 0.01% Reduced -4.8k -4,800
42 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged