Vault-13

BRIDGEBIO PHARMA INC BBIO 2.25 02.01.29

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

42 institutional holders -2 vs Q3 2025
28,404,00028.4m shares reported held*
$818.4mreported value*
6 new 13 added 10 reduced 9 sold out net bought ≈ $13.4m (+22.6m 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 ≈ $28.81.

Trends to Q4 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: 42Q3 25: 44Q4 25: 4242Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 202544
Q4 202542

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 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 25Q3 25: 17 bought or addedQ3 25: 22 cut or sold outQ4 25: 19 bought or addedQ4 25: 19 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242120
Q2 20241620
Q3 20241617
Q4 20241912
Q1 20252417
Q2 20252012
Q3 20251722
Q4 20251919

Biggest buyers

Context Capital Management, LLC Added +79,656,146+79.7m
WOLVERINE ASSET MANAGEMENT LLC Added +41,750,000+41.8m
Linden Advisors LP Added +39,000,000+39.0m
CSS LLC/IL Added +25,000,000+25.0m
Polar Capital Holdings Plc New +24,000,000+24.0m
SILVERBACK ASSET MANAGEMENT LLC Added +17,500,000+17.5m
Nuveen, LLC Added +10,000,000+10.0m
AGF MANAGEMENT LTD New +7,000,000+7.0m
READYSTATE ASSET MANAGEMENT LP New +7,000,000+7.0m
CITADEL ADVISORS LLC New +5,000,000+5.0m

Biggest sellers

CAMDEN ASSET MANAGEMENT L P /CA Sold out -34,000,000-34.0m
STEELHEAD PARTNERS LLC Sold out -30,000,000-30.0m
D. E. Shaw & Co., Inc. Sold out -28,652,000-28.7m
Jump Financial, LLC Sold out -28,029,000-28.0m
Davidson Kempner Capital Management LP Reduced -20,000,000-20.0m
SONA ASSET MANAGEMENT (US) LLC Reduced -9,500,000-9.5m
WELLS FARGO & COMPANY/MN Reduced -8,239,000-8.2m
OAKTREE CAPITAL MANAGEMENT LP Reduced -8,207,000-8.2m
LAZARD ASSET MANAGEMENT LLC Reduced -7,334,000-7.3m
JPMORGAN CHASE & CO Reduced -7,268,000-7.3m

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.48% of their portfolio New York, NY 214,048,000214.0m $241.0m $241.0m 1.48% Added +39.0m +39,000,000
2 WOLVERINE ASSET MANAGEMENT LLC 1.38% of their portfolio CHICAGO, IL 86,250,00086.2m $97.1m $97.1m 1.38% Added +41.8m +41,750,000
3 Context Capital Management, LLC 2.31% of their portfolio LAJOLLA, CA 79,754,00079.8m $89.8m $89.8m 2.31% Added +79.7m +79,656,146
4 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 30,000,00030.0m $33.8m $33.8m 0.03% Unchanged
5 MacKay Shields LLC 1.13% of their portfolio New York, NY 28,678,00028.7m $32.3m $32.3m 1.13% Reduced -244.0k -244,000
6 SILVERBACK ASSET MANAGEMENT LLC 4.54% of their portfolio DURHAM, NC 26,950,00026.9m $30.4m $30.4m 4.54% Added +17.5m +17,500,000
7 CSS LLC/IL 1.69% of their portfolio CHICAGO, IL 26,500,00026.5m $29.8m $29.8m 1.69% Added +25.0m +25,000,000
8 Polar Capital Holdings Plc 0.12% of their portfolio London, X0 24,000,00024.0m $27.0m $27.0m 0.12% New
9 SONA ASSET MANAGEMENT (US) LLC 0.79% of their portfolio NEW YORK, NY 21,730,00021.7m $24.5m $24.5m 0.79% Reduced -9.5m -9,500,000
10 ADVENT CAPITAL MANAGEMENT /DE/ 0.54% of their portfolio NEW YORK, NY 20,513,00020.5m $23.3m $23.3m 0.54% Reduced -1.2m -1,178,000
11 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 20,000,00020.0m $22.4m $22.4m 0.01% Added +10.0m +10,000,000
12 Laurion Capital Management LP 1.47% of their portfolio NEW YORK, NY 19,100,00019.1m $21.5m $21.5m 1.47% Unchanged
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 15,675,00015.7m $17.7m $17.7m 0.00% Added +850.0k +850,000
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 15,183,00015.2m $17.1m $17.1m 0.00% Reduced -8.2m -8,239,000
15 SHENKMAN CAPITAL MANAGEMENT INC 1.31% of their portfolio NEW YORK, NY 10,707,00010.7m $12.4m $12.4m 1.31% Added +4.0m +3,967,000
16 Davidson Kempner Capital Management LP 0.16% of their portfolio New York, NY 10,000,00010.0m $11.2m $11.2m 0.16% Reduced -20.0m -20,000,000
17 BlackRock, Inc. 0.00% of their portfolio New York, NY 9,450,0009.4m $10.6m $10.6m 0.00% Added +2.3m +2,300,000
18 FMR LLC 0.00% of their portfolio BOSTON, MA 8,650,0008.7m $9.7m $9.7m 0.00% Unchanged
19 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 7,000,0007.0m $7.9m $7.9m 0.00% Added +3.5m +3,500,000
20 AGF MANAGEMENT LTD 0.03% of their portfolio TORONTO, A6 7,000,0007.0m $7.9m $7.9m 0.03% New
21 READYSTATE ASSET MANAGEMENT LP 0.35% of their portfolio CHICAGO, IL 7,000,0007.0m $7.9m $7.9m 0.35% New
22 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 5,519,0005.5m $62.2k $62.2k 0.00% Reduced -7.3m -7,334,000
23 SSI INVESTMENT MANAGEMENT LLC 0.42% of their portfolio Los Angeles, CA 5,500,0005.5m $6.2m $6.2m 0.42% Unchanged
24 Calamos Advisors LLC 0.02% of their portfolio NAPERVILLE, IL 5,000,0005.0m $5.6m $5.6m 0.02% Unchanged
25 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 5,000,0005.0m $5.6m $5.6m 0.00% New
26 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,583,0003.6m $4.0m $4.0m 0.00% Added +3.6m +3,573,000
27 OAKTREE CAPITAL MANAGEMENT LP 0.05% of their portfolio LOS ANGELES, CA 2,550,0002.5m $2.9m $2.9m 0.05% Reduced -8.2m -8,207,000
28 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 2,529,0002.5m $2.8m $2.8m 0.00% New
29 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 2,500,0002.5m $2.8m $2.8m 0.00% Unchanged
30 Ares Systematic Credit Ltd 1.94% of their portfolio LONDON, X0 2,100,0002.1m $2.4m $2.4m 1.94% First filing
31 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,539,0001.5m $1.7m $1.7m 0.00% Unchanged
32 RWC Asset Management LLP 0.08% of their portfolio LONDON, X0 1,491,0001.5m $1.7m $1.7m 0.08% New
33 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 1,343,0001.3m $1.5m $1.5m 0.00% Reduced -1.5m -1,516,000
34 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,006,0001.0m $1.1m $1.1m 0.00% Added +880.0k +880,000
35 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 950,000950.0k $1.1m $1.1m 0.00% Reduced -500.0k -500,000
36 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 918,000918.0k $1.0m $1.0m 0.00% Reduced -7.3m -7,268,000
37 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 600,000600.0k $680.7k $680.7k 0.00% Unchanged
38 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 361,000361.0k $405.2k $405.2k 0.00% Added +90.0k +90,000
39 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $225.2k $225.2k 0.00% Unchanged
40 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 16,00016.0k $18.0k $18.0k 0.00% Unchanged
41 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,00012.0k $13.3k $13.3k 0.00% Unchanged
42 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 10,22010.2k $1.1m $1.1m 0.00% Unchanged