Vault-13

DAYFORCE INC DAY 0.25 03.15.26

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

38 institutional holders -6 vs Q1 2024
14,616,53314.6m shares reported held*
$541.6mreported value*
8 new 9 added 6 reduced 14 sold out net sold ≈ $5.9m (-21.4m 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 ($11.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $37.81.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 42Q4 22: 44Q1 23: 47Q2 23: 43Q3 23: 42Q4 23: 43Q1 24: 44Q2 24: 3838Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202242
Q4 202244
Q1 202347
Q2 202343
Q3 202342
Q4 202343
Q1 202444
Q2 202438

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 outQ2 23: 20 bought or addedQ2 23: 14 cut or sold outQ2 23Q3 23: 18 bought or addedQ3 23: 14 cut or sold outQ4 23: 18 bought or addedQ4 23: 16 cut or sold outQ4 23Q1 24: 26 bought or addedQ1 24: 14 cut or sold outQ2 24: 17 bought or addedQ2 24: 20 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222220
Q1 20232615
Q2 20232014
Q3 20231814
Q4 20231816
Q1 20242614
Q2 20241720

Biggest buyers

Opti Capital Management, LP New +44,287,000+44.3m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +30,556,000+30.6m
BANK OF MONTREAL /CAN/ New +13,840,000+13.8m
WELLINGTON MANAGEMENT GROUP LLP Added +5,890,000+5.9m
Hudson Bay Capital Management LP New +5,000,000+5.0m
CITIGROUP INC Added +3,255,000+3.3m
Thrivent Financial for Lutherans Added +3,185,000+3.2m
JPMORGAN CHASE & CO Added +2,806,000+2.8m
PALISADE CAPITAL MANAGEMENT, LP Added +2,083,000+2.1m
Fort Baker Capital Management LP Added +2,000,000+2.0m

Biggest sellers

MORGAN STANLEY Reduced -25,449,000-25.4m
Calamos Advisors LLC Sold out -20,000,000-20.0m
Balyasny Asset Management L.P. Sold out -20,000,000-20.0m
Opti Capital Management, LP Sold out -19,926,000-19.9m
MILLENNIUM MANAGEMENT LLC Sold out -8,538,000-8.5m
OAKTREE CAPITAL MANAGEMENT LP Sold out -8,255,000-8.3m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -6,978,000-7.0m
TORONTO DOMINION BANK Sold out -3,500,000-3.5m
BlackRock Inc. Reduced -3,275,000-3.3m
BARCLAYS PLC Reduced -1,695,000-1.7m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.18% of their portfolio New York, NY 154,126,000154.1m $141.1m $141.1m 1.18% Reduced -1.3m -1,300,000
2 TENOR CAPITAL MANAGEMENT Co., L.P. 1.29% of their portfolio NEW YORK, NY 89,556,00089.6m $82.1m $82.1m 1.29% Added +30.6m +30,556,000
3 CAMDEN ASSET MANAGEMENT L P /CA 1.50% of their portfolio Los Angeles, CA 54,427,00054.4m $49.6m $49.6m 1.50% Unchanged
4 Opti Capital Management, LP 3.02% of their portfolio New York, NY 44,287,00044.3m $40.6m $40.6m 3.02% New
5 READYSTATE ASSET MANAGEMENT LP 1.78% of their portfolio CHICAGO, IL 41,000,00041.0m $37.6m $37.6m 1.78% Unchanged
6 DeepCurrents Investment Group LLC 1.42% of their portfolio NEW YORK, NY 38,528,00038.5m $35.3m $35.3m 1.42% Unchanged
7 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 31,107,00031.1m $28.4m $28.4m 0.01% Added +5.9m +5,890,000
8 Fort Baker Capital Management LP 2.71% of their portfolio Larkspur, CA 25,000,00025.0m $22.9m $22.9m 2.71% Added +2.0m +2,000,000
9 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 13,840,00013.8m $12.7m $12.7m 0.00% New
10 ARISTEIA CAPITAL, L.L.C. 0.45% of their portfolio GREENWICH, CT 13,288,00013.3m $12.2m $12.2m 0.45% Unchanged
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 12,590,00012.6m $11.5m $11.5m 0.00% Added +2.8m +2,806,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,350,00012.3m $11.3m $11.3m 0.00% Unchanged
13 Verition Fund Management LLC 0.09% of their portfolio GREENWICH, CT 12,139,00012.1m $11.1m $11.1m 0.09% Unchanged
14 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 11,755,00011.8m $10.7m $10.7m 0.02% Added +3.2m +3,185,000
15 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 9,104,0009.1m $8.3m $8.3m 0.01% Added +1.4m +1,429,000
16 PALISADE CAPITAL MANAGEMENT, LP 0.13% of their portfolio FORT LEE, NJ 5,383,0005.4m $4.9m $4.9m 0.13% Added +2.1m +2,083,000
17 Hudson Bay Capital Management LP 0.03% of their portfolio STAMFORD, CT 5,000,0005.0m $4.6m $4.6m 0.03% New
18 BlackRock Inc. 0.00% of their portfolio New York, NY 4,598,0004.6m $4.2m $4.2m 0.00% Reduced -3.3m -3,275,000
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,741,0003.7m $3.4m $3.4m 0.00% Reduced -25.4m -25,449,000
20 SSI INVESTMENT MANAGEMENT LLC 0.25% of their portfolio Los Angeles, CA 3,616,0003.6m $3.3m $3.3m 0.25% Unchanged
21 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,355,0003.4m $3.1m $3.1m 0.00% Added +3.3m +3,255,000
22 Liberty Mutual Group Asset Management Inc. 0.38% of their portfolio Boston, MA 2,825,0002.8m $2.6m $2.6m 0.38% Reduced -300.0k -300,000
23 SHENKMAN CAPITAL MANAGEMENT INC 0.22% of their portfolio NEW YORK, NY 2,768,0002.8m $2.6m $2.6m 0.22% Reduced -7.0m -6,978,000
24 ONTARIO TEACHERS PENSION PLAN BOARD 0.02% of their portfolio Toronto, A6 2,000,0002.0m $1.8m $1.8m 0.02% Unchanged
25 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,151,0001.2m $1.1m $1.1m 0.00% Reduced -1.7m -1,695,000
26 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,000,0001.0m $915.5k $915.5k 0.00% Unchanged
27 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 707,000707.0k $647.6k $647.6k 0.00% Unchanged
28 Radcliffe Capital Management, L.P. 0.09% of their portfolio BALA CYNWYD, PA 500,000500.0k $455.5k $455.5k 0.09% New
29 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 450,000450.0k $410.0k $410.0k 0.00% New
30 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 290,000290.0k $264.2k $264.2k 0.00% New
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 175,000175.0k $159.4k $159.4k 0.00% New
32 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 100,000100.0k $91.5k $91.5k 0.00% New
33 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 85,00085.0k $77.8k $77.8k 0.00% Unchanged
34 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 41,00041.0k $37.4k $37.4k 0.03% Unchanged
35 NOMURA HOLDINGS INC 0.01% of their portfolio TOKYO, M0 36,53336.5k $1.8m $1.8m 0.01% Added +50 +50
36 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 34,00034.0k $31.0k $31.0k 0.00% Unchanged
37 Context Capital Management, LLC 0.03% of their portfolio LAJOLLA, CA 1,0001.0k $916.0k $916.0k 0.03% Unchanged
38 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged