Vault-13

CERENCE INC CRNC 1.5 07.01.28

NOTE 1.500% 7/0 · US DOMESTIC · CUSIP 156727AD1

18 institutional holders +0 vs Q1 2026
50,00050.0k shares reported held*
$165.0mreported value*
0 new 4 added 5 reduced 0 sold out net bought ≈ $2.7m

* 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $3342.17.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0102030Q3 24: 15Q4 24: 16Q1 25: 23Q2 25: 20Q3 25: 20Q4 25: 18Q1 26: 18Q2 26: 1818Q3 24Q1 25Q3 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 202415
Q4 202416
Q1 202523
Q2 202520
Q3 202520
Q4 202518
Q1 202618
Q2 202618

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 24: 5 bought or addedQ4 24: 5 cut or sold outQ4 24Q1 25: 12 bought or addedQ1 25: 10 cut or sold outQ2 25: 7 bought or addedQ2 25: 11 cut or sold outQ2 25Q3 25: 7 bought or addedQ3 25: 8 cut or sold outQ4 25: 10 bought or addedQ4 25: 11 cut or sold outQ4 25Q1 26: 4 bought or addedQ1 26: 7 cut or sold outQ2 26: 4 bought or addedQ2 26: 5 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 202455
Q1 20251210
Q2 2025711
Q3 202578
Q4 20251011
Q1 202647
Q2 202645

Biggest buyers

Context Capital Management, LLC Added +4,450,000+4.5m
OAKTREE CAPITAL MANAGEMENT LP Added +1,945,000+1.9m
INTREPID CAPITAL MANAGEMENT INC Added +1,500,000+1.5m
Russell Investments Group, Ltd. Added +1,009,000+1.0m

Biggest sellers

DEUTSCHE BANK AG\ Reduced -3,844,000-3.8m
WELLS FARGO & COMPANY/MN Reduced -2,030,000-2.0m
ZAZOVE ASSOCIATES LLC Reduced -30,000-30.0k
FMR LLC Reduced -5,000-5.0k
K2 PRINCIPAL FUND, L.P. Reduced -1,750-1.8k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Context Capital Management, LLC 1.32% of their portfolio LAJOLLA, CA 71,532,00071.5m $65.6m $65.6m 1.32% Added +4.5m +4,450,000
2 Linden Advisors LP 0.21% of their portfolio New York, NY 44,725,00044.7m $41.0m $41.0m 0.21% Unchanged
3 INTREPID CAPITAL MANAGEMENT INC 5.37% of their portfolio JACKSONVILLE BEACH, FL 16,500,00016.5m $15.1m $15.1m 5.37% Added +1.5m +1,500,000
4 OAKTREE CAPITAL MANAGEMENT LP 0.14% of their portfolio LOS ANGELES, CA 7,887,0007.9m $7.2m $7.2m 0.14% Added +1.9m +1,945,000
5 ADVENT CAPITAL MANAGEMENT /DE/ 0.13% of their portfolio NEW YORK, NY 6,200,0006.2m $5.7m $5.7m 0.13% Unchanged
6 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 5,000,0005.0m $4.6m $4.6m 0.00% Unchanged
7 Walleye Capital LLC 0.02% of their portfolio NEW YORK, NY 4,000,0004.0m $3.7m $3.7m 0.02% Unchanged
8 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 3,702,0003.7m $3.4m $3.4m 0.00% Added +1.0m +1,009,000
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,355,0002.4m $2.2m $2.2m 0.00% Reduced -2.0m -2,030,000
10 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,251,0002.3m $2.1m $2.1m 0.00% Reduced -3.8m -3,844,000
11 FMR LLC 0.00% of their portfolio BOSTON, MA 2,100,0002.1m $1.9m $1.9m 0.00% Reduced -5.0k -5,000
12 PALISADE CAPITAL MANAGEMENT, LP 0.07% of their portfolio FORT LEE, NJ 1,819,0001.8m $1.7m $1.7m 0.07% Unchanged
13 Ares Systematic Credit Ltd 0.67% of their portfolio LONDON, X0 1,200,0001.2m $1.1m $1.1m 0.67% Unchanged
14 ZAZOVE ASSOCIATES LLC 0.03% of their portfolio INCLINE VILLAGE, NV 345,000345.0k $317.9k $317.9k 0.03% Reduced -30.0k -30,000
15 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 50,00050.0k $45.6k $45.6k 0.00% Unchanged
16 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 50,00050.0k $45.6k $45.6k 0.00% Unchanged
17 K2 PRINCIPAL FUND, L.P. 1.02% of their portfolio TORONTO, A6 12,00012.0k $11.1m $11.1m 1.02% Reduced -1.8k -1,750
18 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 3,0003.0k $277.0k $277.0k 0.00% Unchanged