Vault-13

CERENCE INC CRNC 3 06.01.25

NOTE 3.000% 6/0 · US DOMESTIC · CUSIP 156727AB5

16 institutional holders +0 vs Q1 2023
7,325,0007.3m shares reported held*
$95.5mreported value*
3 new 0 added 10 reduced 3 sold out net sold ≈ $107.4m (-1.2m 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 ($2.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $13.36.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

01020Q3 22: 15Q4 22: 14Q1 23: 16Q2 23: 1616Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202215
Q4 202214
Q1 202316
Q2 202316

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 2 bought or addedQ4 22: 7 cut or sold outQ4 22Q1 23: 10 bought or addedQ1 23: 6 cut or sold outQ1 23Q2 23: 3 bought or addedQ2 23: 13 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202227
Q1 2023106
Q2 2023313

Biggest buyers

SSI INVESTMENT MANAGEMENT LLC New +1,738,000+1.7m
JPMORGAN CHASE & CO New +1,422,000+1.4m
FIRST HAWAIIAN BANK New +34,000+34.0k

Biggest sellers

Linden Advisors LP Reduced -30,675,000-30.7m
LORD, ABBETT & CO. LLC Sold out -23,960,000-24.0m
VOYA INVESTMENT MANAGEMENT LLC Sold out -18,500,000-18.5m
LAZARD ASSET MANAGEMENT LLC Reduced -12,500,000-12.5m
READYSTATE ASSET MANAGEMENT LP Reduced -5,500,000-5.5m
TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -3,000,000-3.0m
WELLS FARGO & COMPANY/MN Reduced -2,520,000-2.5m
FMR LLC Reduced -2,450,000-2.5m
Walleye Capital LLC Sold out -2,000,000-2.0m
Fort Baker Capital Management LP Reduced -1,175,000-1.2m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.22% of their portfolio New York, NY 19,694,00019.7m $21.2m $21.2m 0.22% Reduced -30.7m -30,675,000
2 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 17,000,00017.0m $18.3m $18.3m 0.02% Reduced -12.5m -12,500,000
3 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 12,300,00012.3m $13.0m $13.0m 0.00% Unchanged
4 Fort Baker Capital Management LP 1.12% of their portfolio Larkspur, CA 7,325,0007.3m $7.9m $7.9m 1.12% Reduced -1.2m -1,175,000
5 DeepCurrents Investment Group LLC 0.33% of their portfolio NEW YORK, NY 6,882,0006.9m $7.6m $7.6m 0.33% Reduced -318.0k -318,000
6 READYSTATE ASSET MANAGEMENT LP 0.69% of their portfolio CHICAGO, IL 6,500,0006.5m $7.0m $7.0m 0.69% Reduced -5.5m -5,500,000
7 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 6,362,0006.4m $6.7m $6.7m 0.00% Reduced -2.5m -2,520,000
8 TENOR CAPITAL MANAGEMENT Co., L.P. 0.07% of their portfolio NEW YORK, NY 3,000,0003.0m $3.2m $3.2m 0.07% Reduced -3.0m -3,000,000
9 KORNITZER CAPITAL MANAGEMENT INC /KS 0.06% of their portfolio SHAWNEE MISSION, KS 2,721,0002.7m $2.9m $2.9m 0.06% Unchanged
10 FMR LLC 0.00% of their portfolio BOSTON, MA 2,450,0002.5m $2.6m $2.6m 0.00% Reduced -2.5m -2,450,000
11 SSI INVESTMENT MANAGEMENT LLC 0.13% of their portfolio Los Angeles, CA 1,738,0001.7m $1.9m $1.9m 0.13% New
12 WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio CHICAGO, IL 1,427,0001.4m $1.5m $1.5m 0.03% Reduced -573.0k -573,000
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,422,0001.4m $1.5m $1.5m 0.00% New
14 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 34,00034.0k $36.4k $36.4k 0.00% New
15 Verition Fund Management LLC 0.04% of their portfolio GREENWICH, CT 2,2002.2k $2.4m $2.4m 0.04% Reduced -103 -103
16 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged