Vault-13

DAYFORCE INC DAY 0.25 03.15.26

NOTE 0.250% 3/1 · US DOMESTIC · CUSIP 15677JAD0

47 institutional holders +3 vs Q4 2022
39,711,00039.7m shares reported held*
$7.1bnreported value*
8 new 18 added 9 reduced 6 sold out net sold ≈ $7.6m (+2.0m 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 ($3.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $178.38. Options: 0 managers hold calls (— notional), 2 hold puts ($17.0m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 42Q4 22: 44Q1 23: 4747Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202242
Q4 202244
Q1 202347

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 22 bought or addedQ4 22: 20 cut or sold outQ4 22Q1 23: 26 bought or addedQ1 23: 15 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222220
Q1 20232615

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $17.0mQ1 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$0—
Q1 2023$0$17.0m—

Biggest buyers

SOROS FUND MANAGEMENT LLC Added +4,500,000+4.5m
Linden Advisors LP Added +4,440,000+4.4m
FMR LLC Added +3,968,000+4.0m
SHENKMAN CAPITAL MANAGEMENT INC Added +3,543,000+3.5m
READYSTATE ASSET MANAGEMENT LP New +3,500,000+3.5m
DeepCurrents Investment Group LLC Added +3,000,000+3.0m
Polar Capital Holdings Plc Added +2,800,000+2.8m
LAZARD ASSET MANAGEMENT LLC Added +2,500,000+2.5m
Aequim Alternative Investments LP New +2,500,000+2.5m
CREDIT SUISSE AG/ New +2,074,000+2.1m

Biggest sellers

LORD, ABBETT & CO. LLC Sold out -14,180,000-14.2m
LMR Partners LLP Reduced -11,000,000-11.0m
D. E. Shaw & Co., Inc. Sold out -10,890,000-10.9m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -3,230,000-3.2m
Verition Fund Management LLC Reduced -2,823,928-2.8m
AVIVA PLC Reduced -2,800,000-2.8m
Aequim Alternative Investments LP Sold out -2,500,000-2.5m
JANE STREET GROUP, LLC Reduced -2,319,000-2.3m
BlueCrest Capital Management Ltd Sold out -2,055,000-2.1m
STATE STREET CORP Reduced -2,000,000-2.0m

Biggest calls

None

Biggest puts

DAVIDSON KEMPNER PARTNERS First filing $8.5m9.5m shares
Davidson Kempner Capital Management LP New $8.5m9.5m shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.15% of their portfolio New York, NY 121,126,000121.1m $108.9m $108.9m 1.15% Added +4.4m +4,440,000
2 MANUFACTURERS LIFE INSURANCE COMPANY, THE 3.76% of their portfolio Toronto, A6 73,850,00073.8m $6.7bn $6.7bn 3.76% Reduced -3.2m -3,230,000
3 SOROS FUND MANAGEMENT LLC 1.07% of their portfolio NEW YORK, NY 62,275,00062.3m $56.2m $56.2m 1.07% Added +4.5m +4,500,000
4 CAMDEN ASSET MANAGEMENT L P /CA 1.23% of their portfolio Los Angeles, CA 41,152,00041.2m $36.9m $36.9m 1.23% Unchanged
5 TENOR CAPITAL MANAGEMENT Co., L.P. 0.48% of their portfolio NEW YORK, NY 27,129,00027.1m $24.3m $24.3m 0.48% Unchanged
6 Calamos Advisors LLC 0.09% of their portfolio NAPERVILLE, IL 20,000,00020.0m $18.0m $18.0m 0.09% Unchanged
7 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 19,553,00019.6m $17.5m $17.5m 0.00% Added +877.0k +877,000
8 LMR Partners LLP 0.31% of their portfolio LONDON, X0 19,000,00019.0m $17.1m $17.1m 0.31% Reduced -11.0m -11,000,000
9 WOLVERINE ASSET MANAGEMENT LLC 0.26% of their portfolio CHICAGO, IL 15,997,00016.0m $14.4m $14.4m 0.26% Added +172.0k +172,000
10 Polar Capital Holdings Plc 0.10% of their portfolio London, X0 15,800,00015.8m $14.3m $14.3m 0.10% Added +2.8m +2,800,000
11 DeepCurrents Investment Group LLC 0.49% of their portfolio NEW YORK, NY 12,736,00012.7m $11.4m $11.4m 0.49% Added +3.0m +3,000,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,800,00011.8m $10.6m $10.6m 0.00% Reduced -2.0m -2,000,000
13 SHENKMAN CAPITAL MANAGEMENT INC 0.60% of their portfolio NEW YORK, NY 8,763,0008.8m $7.9m $7.9m 0.60% Added +3.5m +3,543,000
14 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 8,623,0008.6m $7.7m $7.7m 0.01% Added +2.0m +1,953,000
15 OAKTREE CAPITAL MANAGEMENT LP 0.08% of their portfolio LOS ANGELES, CA 8,003,0008.0m $7.2m $7.2m 0.08% Added +1.4m +1,397,000
16 FMR LLC 0.00% of their portfolio BOSTON, MA 7,936,0007.9m $7.1m $7.1m 0.00% Added +4.0m +3,968,000
17 BlackRock Inc. 0.00% of their portfolio New York, NY 7,148,0007.1m $6.4m $6.4m 0.00% Added +1.4m +1,398,000
18 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 7,000,0007.0m $6.3m $6.3m 0.01% Reduced -2.3m -2,319,000
19 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 6,720,0006.7m $6.0m $6.0m 0.01% Added +259.0k +259,000
20 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 5,000,0005.0m $4.5m $4.5m 0.01% Added +2.5m +2,500,000
21 AVIVA PLC 0.02% of their portfolio LONDON, X0 4,515,0004.5m $4.0m $4.0m 0.02% Reduced -2.8m -2,800,000
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,375,0004.4m $3.9m $3.9m 0.00% Unchanged
23 READYSTATE ASSET MANAGEMENT LP 0.39% of their portfolio CHICAGO, IL 3,500,0003.5m $3.2m $3.2m 0.39% New
24 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 3,400,0003.4m $3.0m $3.0m 0.00% Added +1.4m +1,400,000
25 Liberty Mutual Group Asset Management Inc. 0.59% of their portfolio Boston, MA 2,900,0002.9m $2.6m $2.6m 0.59% Unchanged
26 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,748,0002.7m $2.5m $2.5m 0.00% Added +648.0k +648,000
27 Aequim Alternative Investments LP 0.07% of their portfolio MILL VALLEY, CA 2,500,0002.5m $2.3m $2.3m 0.07% New
28 SSI INVESTMENT MANAGEMENT LLC 0.13% of their portfolio Los Angeles, CA 2,116,0002.1m $1.9m $1.9m 0.13% Reduced -384.0k -384,000
29 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 2,074,0002.1m $1.8m $1.8m 0.00% New
30 ONTARIO TEACHERS PENSION PLAN BOARD 0.02% of their portfolio Toronto, A6 2,000,0002.0m $1.8m $1.8m 0.02% Unchanged
31 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 1,657,0001.7m $1.5m $1.5m 0.00% Added +648.0k +648,000
32 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $896.9k $896.9k 0.00% New
33 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,000,0001.0m $897.9k $897.9k 0.00% Unchanged
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 976,000976.0k $876.0k $876.0k 0.00% New
35 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 800,000800.0k $721.5k $721.5k 0.01% First filing
36 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 348,000348.0k $312.1k $312.1k 0.00% New
37 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $269.4k $269.4k 0.00% Unchanged
38 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 200,000200.0k $179.4k $179.4k 0.00% Unchanged
39 KBC Group NV 0.00% of their portfolio Brussels, C9 100,000100.0k $90.0k $90.0k 0.00% New
40 Oaktree Fund Advisors, LLC 0.06% of their portfolio LOS ANGLES, CA 74,00074.0k $66.7k $66.7k 0.06% Added +53.0k +53,000
41 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 61,00061.0k $54.7k $54.7k 0.00% Reduced -448.0k -448,000
42 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 31,00031.0k $28.0k $28.0k 0.00% Unchanged
43 NOMURA HOLDINGS INC 0.02% of their portfolio TOKYO, M0 27,90927.9k $2.0m $2.0m 0.02% Added +14.0k +14,026
44 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 22,00022.0k $19.7k $19.7k 0.00% Reduced -278.0k -278,000
45 Verition Fund Management LLC 0.06% of their portfolio GREENWICH, CT 4,0724.1k $3.7m $3.7m 0.06% Reduced -2.8m -2,823,928
46 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 2,2002.2k $1.8m $1.8m 0.01% New
47 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged