Vault-13

DAYFORCE INC DAY 0.25 03.15.26

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

43 institutional holders -4 vs Q1 2023
46,649,59446.6m shares reported held*
$7.0bnreported value*
2 new 18 added 8 reduced 6 sold out net bought ≈ $18.4m (+6.9m 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 ($5.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $151.22.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 42Q4 22: 44Q1 23: 47Q2 23: 4343Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202242
Q4 202244
Q1 202347
Q2 202343

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 23Q2 23: 20 bought or addedQ2 23: 14 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222220
Q1 20232615
Q2 20232014

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 —Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$0—
Q1 2023$0$17.0m—
Q2 2023$0$0—

Biggest buyers

Linden Advisors LP Added +21,500,000+21.5m
Polar Capital Holdings Plc Added +8,688,000+8.7m
DeepCurrents Investment Group LLC Added +7,000,000+7.0m
TORONTO DOMINION BANK Added +6,400,000+6.4m
READYSTATE ASSET MANAGEMENT LP Added +6,000,000+6.0m
CAMDEN ASSET MANAGEMENT L P /CA Added +5,275,000+5.3m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +4,978,000+5.0m
WOLVERINE ASSET MANAGEMENT LLC Added +3,000,000+3.0m
STATE STREET CORP Added +2,300,000+2.3m
MORGAN STANLEY Added +1,821,000+1.8m

Biggest sellers

LMR Partners LLP Sold out -19,000,000-19.0m
SOROS FUND MANAGEMENT LLC Reduced -8,250,000-8.2m
JANE STREET GROUP, LLC Sold out -7,000,000-7.0m
AVIVA PLC Sold out -4,515,000-4.5m
FMR LLC Reduced -3,968,000-4.0m
BANK OF AMERICA CORP /DE/ Reduced -1,860,000-1.9m
BARCLAYS PLC Reduced -1,604,000-1.6m
TRUIST FINANCIAL CORP Reduced -1,500,000-1.5m
GOLDMAN SACHS GROUP INC Sold out -1,000,000-1.0m
CITIGROUP INC Sold out -348,000-348.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.33% of their portfolio New York, NY 142,626,000142.6m $126.3m $126.3m 1.33% Added +21.5m +21,500,000
2 MANUFACTURERS LIFE INSURANCE COMPANY, THE 3.69% of their portfolio Toronto, A6 74,827,00074.8m $6.6bn $6.6bn 3.69% Added +977.0k +977,000
3 SOROS FUND MANAGEMENT LLC 1.04% of their portfolio NEW YORK, NY 54,025,00054.0m $47.8m $47.8m 1.04% Reduced -8.2m -8,250,000
4 CAMDEN ASSET MANAGEMENT L P /CA 1.42% of their portfolio Los Angeles, CA 46,427,00046.4m $40.8m $40.8m 1.42% Added +5.3m +5,275,000
5 TENOR CAPITAL MANAGEMENT Co., L.P. 0.59% of their portfolio NEW YORK, NY 32,107,00032.1m $28.4m $28.4m 0.59% Added +5.0m +4,978,000
6 Polar Capital Holdings Plc 0.15% of their portfolio London, X0 24,488,00024.5m $21.7m $21.7m 0.15% Added +8.7m +8,688,000
7 Calamos Advisors LLC 0.09% of their portfolio NAPERVILLE, IL 20,000,00020.0m $17.7m $17.7m 0.09% Unchanged
8 DeepCurrents Investment Group LLC 0.75% of their portfolio NEW YORK, NY 19,736,00019.7m $17.4m $17.4m 0.75% Added +7.0m +7,000,000
9 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 19,216,00019.2m $16.9m $16.9m 0.00% Reduced -337.0k -337,000
10 WOLVERINE ASSET MANAGEMENT LLC 0.32% of their portfolio CHICAGO, IL 18,997,00019.0m $16.8m $16.8m 0.32% Added +3.0m +3,000,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 14,100,00014.1m $12.5m $12.5m 0.00% Added +2.3m +2,300,000
12 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 9,800,0009.8m $8.5m $8.5m 0.01% Added +6.4m +6,400,000
13 READYSTATE ASSET MANAGEMENT LP 0.83% of their portfolio CHICAGO, IL 9,500,0009.5m $8.4m $8.4m 0.83% Added +6.0m +6,000,000
14 SHENKMAN CAPITAL MANAGEMENT INC 0.65% of their portfolio NEW YORK, NY 9,386,0009.4m $8.3m $8.3m 0.65% Added +623.0k +623,000
15 OAKTREE CAPITAL MANAGEMENT LP 0.11% of their portfolio LOS ANGELES, CA 9,353,0009.4m $8.3m $8.3m 0.11% Added +1.4m +1,350,000
16 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 8,423,0008.4m $7.4m $7.4m 0.01% Reduced -200.0k -200,000
17 BlackRock Inc. 0.00% of their portfolio New York, NY 6,998,0007.0m $6.2m $6.2m 0.00% Reduced -150.0k -150,000
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,196,0006.2m $5.5m $5.5m 0.00% Added +1.8m +1,821,000
19 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 5,116,0005.1m $4.5m $4.5m 0.00% Reduced -1.6m -1,604,000
20 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 5,000,0005.0m $4.4m $4.4m 0.01% Unchanged
21 FMR LLC 0.00% of their portfolio BOSTON, MA 3,968,0004.0m $3.5m $3.5m 0.00% Reduced -4.0m -3,968,000
22 Liberty Mutual Group Asset Management Inc. 0.70% of their portfolio Boston, MA 3,125,0003.1m $2.7m $2.7m 0.70% Added +225.0k +225,000
23 Aequim Alternative Investments LP 0.08% of their portfolio MILL VALLEY, CA 2,500,0002.5m $2.2m $2.2m 0.08% Unchanged
24 SSI INVESTMENT MANAGEMENT LLC 0.13% of their portfolio Los Angeles, CA 2,116,0002.1m $1.9m $1.9m 0.13% Unchanged
25 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 2,074,0002.1m $1.8m $1.8m 0.00% Unchanged
26 ONTARIO TEACHERS PENSION PLAN BOARD 0.02% of their portfolio Toronto, A6 2,000,0002.0m $1.8m $1.8m 0.02% Unchanged
27 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,000,0001.0m $882.8k $882.8k 0.00% Unchanged
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 991,000991.0k $874.8k $874.8k 0.00% Added +15.0k +15,000
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 888,000888.0k $781.3k $781.3k 0.00% Reduced -1.9m -1,860,000
30 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 800,000800.0k $707.8k $707.8k 0.01% Unchanged
31 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 600,000600.0k $529.7k $529.7k 0.00% Added +300.0k +300,000
32 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 200,000200.0k $176.0k $176.0k 0.00% Unchanged
33 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $177.0k $177.0k 0.00% Added +100.0k +100,000
34 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 157,000157.0k $138.1k $138.1k 0.00% Reduced -1.5m -1,500,000
35 Oaktree Fund Advisors, LLC 0.06% of their portfolio LOS ANGLES, CA 74,00074.0k $65.5k $65.5k 0.06% Unchanged
36 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 61,00061.0k $54.2k $54.2k 0.00% Unchanged
37 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 31,00031.0k $27.0k $27.0k 0.00% Unchanged
38 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 25,00025.0k $22.0k $22.0k 0.00% New
39 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 22,00022.0k $19.4k $19.4k 0.00% Unchanged
40 Verition Fund Management LLC 0.09% of their portfolio GREENWICH, CT 6,3116.3k $5.6m $5.6m 0.09% Added +2.2k +2,239
41 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 2,2002.2k $1.9m $1.9m 0.01% Unchanged
42 Activest Wealth Management 0.03% of their portfolio AVENTURA, FL 594594 $40.0k $40.0k 0.03% New
43 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged