Vault-13

CNX RES CORP CNX 2.25 05.01.26

NOTE 2.250% 5/0 · US DOMESTIC · CUSIP 12653CAG3

27 institutional holders +3 vs Q1 2023
28,242,50028.2m shares reported held*
$491.1mreported value*
7 new 5 added 10 reduced 3 sold out net sold ≈ $92.5m (+5.7m 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 ≈ $17.39.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 29Q4 22: 29Q1 23: 24Q2 23: 2727Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202229
Q4 202229
Q1 202324
Q2 202327

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 11 bought or addedQ4 22: 12 cut or sold outQ4 22Q1 23: 15 bought or addedQ1 23: 12 cut or sold outQ1 23Q2 23: 12 bought or addedQ2 23: 13 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221112
Q1 20231512
Q2 20231213

Calls vs puts

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

CallsPuts
$0$50k$100k$150k$200kQ3 22 calls: $0Q3 22 puts: $155.3kQ3 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$155.3k—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$0—

Biggest buyers

Shaolin Capital Management LLC Added +20,493,000+20.5m
TWO SIGMA INVESTMENTS, LP New +10,500,000+10.5m
MIZUHO SECURITIES USA LLC Added +4,756,000+4.8m
Parallax Volatility Advisers, L.P. New +4,000,000+4.0m
Man Group plc Added +3,826,000+3.8m
DLD Asset Management, LP New +3,000,000+3.0m
BOOTHBAY FUND MANAGEMENT, LLC New +1,108,000+1.1m
WELLS FARGO & COMPANY/MN Added +993,000+993.0k
Thrivent Financial for Lutherans Added +810,000+810.0k
Worth Venture Partners, LLC New +408,000+408.0k

Biggest sellers

Hudson Bay Capital Management LP Reduced -75,235,000-75.2m
BANK OF AMERICA CORP /DE/ Reduced -16,549,000-16.5m
FMR LLC Reduced -12,504,000-12.5m
BNP PARIBAS FINANCIAL MARKETS Sold out -3,693,000-3.7m
WOLVERINE ASSET MANAGEMENT LLC Reduced -2,500,000-2.5m
CITIGROUP INC Sold out -900,000-900.0k
CREDIT SUISSE AG/ Reduced -500,000-500.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -500,000-500.0k
BARCLAYS PLC Reduced -200,000-200.0k
NOMURA HOLDINGS INC Sold out -88,372-88.4k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Hudson Bay Capital Management LP 1.12% of their portfolio STAMFORD, CT 75,235,00075.2m $111.3m $111.3m 1.12% Reduced -75.2m -75,235,000
2 Shaolin Capital Management LLC 9.53% of their portfolio Miami, FL 70,000,00070.0m $103.3m $103.3m 9.53% Added +20.5m +20,493,000
3 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 33,900,00033.9m $47.5m $47.5m 0.02% Unchanged
4 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.08% of their portfolio BALA CYNWYD, PA 32,000,00032.0m $47.2m $47.2m 0.08% Reduced -500.0k -500,000
5 Man Group plc 0.12% of their portfolio LONDON, X0 25,151,00025.2m $37.2m $37.2m 0.12% Added +3.8m +3,826,000
6 MIZUHO SECURITIES USA LLC 0.71% of their portfolio NEW YORK, NY 14,545,00014.5m $21.4m $21.4m 0.71% Added +4.8m +4,756,000
7 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 13,577,00013.6m $20.0m $20.0m 0.05% Added +810.0k +810,000
8 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 10,500,00010.5m $15.5m $15.5m 0.04% New
9 Alberta Investment Management Corp 0.14% of their portfolio EDMONTON, A0 9,500,0009.5m $14.1m $14.1m 0.14% Unchanged
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 7,372,0007.4m $10.9m $10.9m 0.00% Added +993.0k +993,000
11 Parallax Volatility Advisers, L.P. 0.20% of their portfolio San Francisco, CA 4,000,0004.0m $5.9m $5.9m 0.20% New
12 WOLVERINE ASSET MANAGEMENT LLC 0.10% of their portfolio CHICAGO, IL 3,726,0003.7m $5.5m $5.5m 0.10% Reduced -2.5m -2,500,000
13 DLD Asset Management, LP 0.60% of their portfolio NEW YORK, NY 3,000,0003.0m $4.5m $4.5m 0.60% New
14 ZAZOVE ASSOCIATES LLC 0.34% of their portfolio INCLINE VILLAGE, NV 2,500,0002.5m $3.7m $3.7m 0.34% Unchanged
15 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,000,0002.0m $2.9m $2.9m 0.00% Reduced -16.5m -16,549,000
16 BlackRock Inc. 0.00% of their portfolio New York, NY 1,885,0001.9m $2.8m $2.8m 0.00% Reduced -75.0k -75,000
17 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,368,0001.4m $2.0m $2.0m 0.00% Unchanged
18 BOOTHBAY FUND MANAGEMENT, LLC 0.05% of their portfolio NEW YORK, NY 1,108,0001.1m $1.6m $1.6m 0.05% New
19 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 1,100,0001.1m $2.0m $2.0m 0.00% Reduced -500.0k -500,000
20 Worth Venture Partners, LLC 0.33% of their portfolio FORT LEE, NJ 408,000408.0k $606.8k $606.8k 0.33% New
21 FMR LLC 0.00% of their portfolio BOSTON, MA 204,000204.0k $300.2k $300.2k 0.00% Reduced -12.5m -12,504,000
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 175,000175.0k $259.9k $259.9k 0.00% New
23 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 136,000136.0k $202.0k $202.0k 0.00% Reduced -200.0k -200,000
24 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 100,000100.0k $148.8k $148.8k 0.00% New
25 Boussard & Gavaudan Investment Management LLP 1.81% of their portfolio London, X0 12,71112.7k $18.9m $18.9m 1.81% Reduced -8.3k -8,333
26 NATIXIS 0.10% of their portfolio PARIS, I0 7,7897.8k $11.5m $11.5m 0.10% Reduced -4.8k -4,793
27 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged