Vault-13

TOPGOLF CALLAWAY BRANDS CORP CALY 2.75 05.01.26

NOTE 2.750% 5/0 · US DOMESTIC · CUSIP 131193AE4

16 institutional holders +2 vs Q4 2025
4,015,0004.0m shares reported held*
$260.2mreported value*
5 new 5 added 3 reduced 3 sold out net sold ≈ $7.5m (+4.0m 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 ($2.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $65.42.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 27Q4 22: 28Q1 23: 24Q2 23: 30Q3 23: 28Q4 23: 26Q1 24: 23Q2 24: 25Q3 24: 19Q4 24: 17Q1 25: 16Q2 25: 18Q3 25: 16Q4 25: 14Q1 26: 1616Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202227
Q4 202228
Q1 202324
Q2 202330
Q3 202328
Q4 202326
Q1 202423
Q2 202425
Q3 202419
Q4 202417
Q1 202516
Q2 202518
Q3 202516
Q4 202514
Q1 202616

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q2 24: 11 bought or addedQ2 24: 6 cut or sold outQ3 24: 7 bought or addedQ3 24: 14 cut or sold outQ3 24Q4 24: 6 bought or addedQ4 24: 7 cut or sold outQ1 25: 5 bought or addedQ1 25: 4 cut or sold outQ1 25Q2 25: 7 bought or addedQ2 25: 6 cut or sold outQ3 25: 5 bought or addedQ3 25: 4 cut or sold outQ3 25Q4 25: 6 bought or addedQ4 25: 7 cut or sold outQ1 26: 10 bought or addedQ1 26: 6 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024116
Q3 2024714
Q4 202467
Q1 202554
Q2 202576
Q3 202554
Q4 202567
Q1 2026106

Biggest buyers

Sculptor Capital LP New +33,500,000+33.5m
MOORE CAPITAL MANAGEMENT, LP New +21,000,000+21.0m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +13,223,000+13.2m
CSS LLC/IL New +5,160,000+5.2m
Point72 Asset Management, L.P. Added +5,000,000+5.0m
DeepCurrents Investment Group LLC Added +4,000,000+4.0m
Ovata Capital Management Ltd New +4,000,000+4.0m
WELLS FARGO & COMPANY/MN New +500,000+500.0k
Russell Investments Group, Ltd. Added +54,000+54.0k
Squarepoint Ops LLC Added +9,633+9.6k

Biggest sellers

Radcliffe Capital Management, L.P. Reduced -62,910,000-62.9m
MILLENNIUM MANAGEMENT LLC Sold out -26,800,000-26.8m
BlackRock, Inc. Sold out -2,523,000-2.5m
TWO SIGMA INVESTMENTS, LP Sold out -750,000-750.0k
Covalent Partners LLC Reduced -500,000-500.0k
OAKTREE CAPITAL MANAGEMENT LP Reduced -430,000-430.0k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Point72 Asset Management, L.P. 0.09% of their portfolio STAMFORD, CT 53,045,00053.0m $53.0m $53.0m 0.09% Added +5.0m +5,000,000
2 TENOR CAPITAL MANAGEMENT Co., L.P. 0.72% of their portfolio NEW YORK, NY 46,473,00046.5m $47.0m $47.0m 0.72% Added +13.2m +13,223,000
3 DeepCurrents Investment Group LLC 1.88% of their portfolio NEW YORK, NY 45,783,00045.8m $45.8m $45.8m 1.88% Added +4.0m +4,000,000
4 Sculptor Capital LP 0.38% of their portfolio New York, NY 33,500,00033.5m $33.4m $33.4m 0.38% New
5 MOORE CAPITAL MANAGEMENT, LP 0.76% of their portfolio NEW YORK, NY 21,000,00021.0m $21.0m $21.0m 0.76% New
6 Radcliffe Capital Management, L.P. 1.09% of their portfolio BALA CYNWYD, PA 14,500,00014.5m $14.5m $14.5m 1.09% Reduced -62.9m -62,910,000
7 OAKTREE CAPITAL MANAGEMENT LP 0.16% of their portfolio LOS ANGELES, CA 9,166,0009.2m $9.2m $9.2m 0.16% Reduced -430.0k -430,000
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,758,0008.8m $8.7m $8.7m 0.00% Unchanged
9 CSS LLC/IL 0.29% of their portfolio CHICAGO, IL 5,160,0005.2m $5.2m $5.2m 0.29% New
10 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 4,156,0004.2m $4.2m $4.2m 0.00% Added +54.0k +54,000
11 Ovata Capital Management Ltd 0.56% of their portfolio HONG KONG, K3 4,000,0004.0m $4.0m $4.0m 0.56% New
12 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,143,0001.1m $1.1m $1.1m 0.00% Unchanged
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 500,000500.0k $499.1k $499.1k 0.00% New
14 Covalent Partners LLC 3.52% of their portfolio CONCORD, MA 500,000500.0k $499.5k $499.5k 3.52% Reduced -500.0k -500,000
15 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 15,00015.0k $15.0k $15.0k 0.00% Unchanged
16 Squarepoint Ops LLC 0.03% of their portfolio NEW YORK, NY 14,63314.6k $14.6m $14.6m 0.03% Added +9.6k +9,633