Vault-13

CELCUITY INC CELC 2.75 08.01.31

NOTE 2.750% 8/0 · US DOMESTIC · CUSIP 15102KAA8

19 institutional holders -5 vs Q1 2026
$190.8mprincipal reported held*
$428.8mreported value*
4 new 4 added 4 reduced 9 sold out net sold ≈ $2.2m (-34.7m 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.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0102030Q3 25: 27Q4 25: 24Q1 26: 24Q2 26: 1919Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 202527
Q4 202524
Q1 202624
Q2 202619

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 25: 9 bought or addedQ4 25: 14 cut or sold outQ4 25Q1 26: 7 bought or addedQ1 26: 11 cut or sold outQ1 26Q2 26: 8 bought or addedQ2 26: 13 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 2025914
Q1 2026711
Q2 2026813

Biggest buyers

BAKER BROS. ADVISORS LP New +30,750,000+30.8m
Linden Advisors LP Added +20,186,000+20.2m
CAPSTONE INVESTMENT ADVISORS, LLC Added +6,000,000+6.0m
WOLVERINE ASSET MANAGEMENT LLC New +2,114,000+2.1m
BNP PARIBAS FINANCIAL MARKETS New +1,668,000+1.7m
Context Capital Management, LLC Added +1,000,000+1.0m
LAZARD ASSET MANAGEMENT LLC New +832,000+832.0k
JPMORGAN CHASE & CO Added +320,000+320.0k

Biggest sellers

BAKER BROS. ADVISORS LP Sold out -30,750,000-30.8m
Jump Financial, LLC Sold out -9,504,000-9.5m
DeepCurrents Investment Group LLC Sold out -6,000,000-6.0m
LORD, ABBETT & CO. LLC Sold out -5,936,000-5.9m
SSI INVESTMENT MANAGEMENT LLC Sold out -3,206,000-3.2m
Affinity Asset Advisors, LLC Sold out -3,000,000-3.0m
Acasta Partners UK LLP Reduced -2,000,000-2.0m
CSS LLC/IL Reduced -1,000,000-1.0m
Polar Capital Holdings Plc Sold out -750,000-750.0k
OAKTREE CAPITAL MANAGEMENT LP Sold out -600,000-600.0k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.32% of their portfolio New York, NY 112,901,000112.9m $254.5m $254.5m 1.32% Added +20.2m +20,186,000
2 BAKER BROS. ADVISORS LP 0.35% of their portfolio NEW YORK, NY 30,750,00030.8m $69.2m $69.2m 0.35% New
3 Context Capital Management, LLC 0.73% of their portfolio LAJOLLA, CA 15,970,00016.0m $36.0m $36.0m 0.73% Added +1.0m +1,000,000
4 CAPSTONE INVESTMENT ADVISORS, LLC 0.11% of their portfolio NEW YORK, NY 7,000,0007.0m $15.8m $15.8m 0.11% Added +6.0m +6,000,000
5 PERCEPTIVE ADVISORS LLC 0.23% of their portfolio NEW YORK, NY 6,500,0006.5m $14.6m $14.6m 0.23% Unchanged
6 CSS LLC/IL 0.53% of their portfolio CHICAGO, IL 5,310,0005.3m $11.9m $11.9m 0.53% Reduced -1.0m -1,000,000
7 FMR LLC 0.00% of their portfolio BOSTON, MA 2,256,0002.3m $5.1m $5.1m 0.00% Reduced -10.0k -10,000
8 WOLVERINE ASSET MANAGEMENT LLC 0.06% of their portfolio CHICAGO, IL 2,114,0002.1m $4.8m $4.8m 0.06% New
9 Acasta Partners UK LLP 2.38% of their portfolio LONDON, X0 2,000,0002.0m $4.5m $4.5m 2.38% Reduced -2.0m -2,000,000
10 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,668,0001.7m $3.7m $3.7m 0.00% New
11 ADVENT CAPITAL MANAGEMENT /DE/ 0.05% of their portfolio NEW YORK, NY 980,000980.0k $2.2m $2.2m 0.05% Unchanged
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 922,000922.0k $2.0m $2.0m 0.00% Added +320.0k +320,000
13 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 832,000832.0k $18.7k $18.7k 0.00% New
14 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 600,000600.0k $1.3m $1.3m 0.01% Unchanged
15 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 409,000409.0k $919.2k $919.2k 0.00% Unchanged
16 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 350,000350.0k $788.8k $788.8k 0.00% Unchanged
17 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 153,000153.0k $344.6k $344.6k 0.01% Reduced -132.0k -132,000
18 Ares Systematic Credit Ltd 0.14% of their portfolio LONDON, X0 100,000100.0k $225.2k $225.2k 0.14% Unchanged
19 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 4,2004.2k $943.0k $943.0k 0.00% Unchanged