Vault-13

DAYFORCE INC DAY 0.25 03.15.26

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

38 institutional holders +2 vs Q1 2025
336,783336.8k shares reported held*
$552.6mreported value*
8 new 10 added 11 reduced 6 sold out net bought ≈ $6.4m (-100.1k 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 ($7.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1661.99.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 42Q4 22: 44Q1 23: 47Q2 23: 43Q3 23: 42Q4 23: 43Q1 24: 44Q2 24: 38Q3 24: 36Q4 24: 39Q1 25: 36Q2 25: 3838Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202242
Q4 202244
Q1 202347
Q2 202343
Q3 202342
Q4 202343
Q1 202444
Q2 202438
Q3 202436
Q4 202439
Q1 202536
Q2 202538

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 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 24Q3 24: 9 bought or addedQ3 24: 14 cut or sold outQ4 24: 19 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 16 bought or addedQ1 25: 16 cut or sold outQ2 25: 18 bought or addedQ2 25: 17 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231814
Q4 20231816
Q1 20242614
Q2 20241720
Q3 2024914
Q4 20241914
Q1 20251616
Q2 20251817

Biggest buyers

SOROS FUND MANAGEMENT LLC New +25,000,000+25.0m
OAKTREE CAPITAL MANAGEMENT LP New +18,080,000+18.1m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +15,000,000+15.0m
CAMDEN ASSET MANAGEMENT L P /CA Added +13,400,000+13.4m
CAPSTONE INVESTMENT ADVISORS, LLC Added +8,871,000+8.9m
TORONTO DOMINION BANK New +6,000,000+6.0m
LAZARD ASSET MANAGEMENT LLC Added +5,882,000+5.9m
Russell Investments Group, Ltd. New +5,255,000+5.3m
Opti Capital Management, LP Added +5,000,000+5.0m
ONTARIO TEACHERS PENSION PLAN BOARD New +5,000,000+5.0m

Biggest sellers

Linden Advisors LP Sold out -61,626,000-61.6m
WELLINGTON MANAGEMENT GROUP LLP Reduced -15,361,000-15.4m
LORD, ABBETT & CO. LLC Sold out -14,395,000-14.4m
Hudson Bay Capital Management LP Reduced -12,500,000-12.5m
ROYAL BANK OF CANADA Sold out -4,450,000-4.5m
ARISTEIA CAPITAL, L.L.C. Reduced -3,000,000-3.0m
CITIGROUP INC Reduced -1,856,000-1.9m
BANK OF AMERICA CORP /DE/ Reduced -1,425,000-1.4m
Wellesley Asset Management Sold out -1,225,000-1.2m
STATE STREET CORP Reduced -1,100,000-1.1m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.17% of their portfolio NEW YORK, NY 90,000,00090.0m $87.0m $87.0m 1.17% Added +15.0m +15,000,000
2 CAMDEN ASSET MANAGEMENT L P /CA 1.63% of their portfolio Los Angeles, CA 72,227,00072.2m $69.5m $69.5m 1.63% Added +13.4m +13,400,000
3 LAZARD ASSET MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 61,266,00061.3m $59.2m $59.2m 0.08% Added +5.9m +5,882,000
4 DeepCurrents Investment Group LLC 1.78% of their portfolio NEW YORK, NY 50,528,00050.5m $48.8m $48.8m 1.78% Unchanged
5 READYSTATE ASSET MANAGEMENT LP 1.89% of their portfolio CHICAGO, IL 47,000,00047.0m $45.4m $45.4m 1.89% Added +3.0m +3,000,000
6 Hudson Bay Capital Management LP 0.27% of their portfolio STAMFORD, CT 43,204,00043.2m $41.7m $41.7m 0.27% Reduced -12.5m -12,500,000
7 CAPSTONE INVESTMENT ADVISORS, LLC 0.35% of their portfolio NEW YORK, NY 42,146,00042.1m $40.8m $40.8m 0.35% Added +8.9m +8,871,000
8 SOROS FUND MANAGEMENT LLC 0.41% of their portfolio NEW YORK, NY 25,000,00025.0m $24.1m $24.1m 0.41% New
9 Opti Capital Management, LP 1.18% of their portfolio New York, NY 21,500,00021.5m $20.8m $20.8m 1.18% Added +5.0m +5,000,000
10 OAKTREE CAPITAL MANAGEMENT LP 0.35% of their portfolio LOS ANGELES, CA 18,080,00018.1m $17.5m $17.5m 0.35% New
11 KIM, LLC 1.51% of their portfolio WICHITA, KS 15,000,00015.0m $14.5m $14.5m 1.51% Added +3.0m +3,000,000
12 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 14,333,00014.3m $13.8m $13.8m 0.03% Unchanged
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,100,00011.1m $10.7m $10.7m 0.00% Reduced -1.1m -1,100,000
14 ARISTEIA CAPITAL, L.L.C. 0.23% of their portfolio GREENWICH, CT 8,288,0008.3m $8.0m $8.0m 0.23% Reduced -3.0m -3,000,000
15 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 6,000,0006.0m $5.7m $5.7m 0.01% New
16 PALISADE CAPITAL MANAGEMENT, LP 0.15% of their portfolio FORT LEE, NJ 5,606,0005.6m $5.4m $5.4m 0.15% Unchanged
17 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,548,0005.5m $5.3m $5.3m 0.00% Reduced -800.0k -800,000
18 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 5,255,0005.3m $5.1m $5.1m 0.01% New
19 ONTARIO TEACHERS PENSION PLAN BOARD 0.10% of their portfolio Toronto, A6 5,000,0005.0m $4.8m $4.8m 0.10% New
20 Verition Fund Management LLC 0.03% of their portfolio GREENWICH, CT 5,000,0005.0m $4.8m $4.8m 0.03% New
21 SSI INVESTMENT MANAGEMENT LLC 0.25% of their portfolio Los Angeles, CA 3,750,0003.8m $3.6m $3.6m 0.25% Added +600.0k +600,000
22 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 3,526,0003.5m $3.4m $3.4m 0.00% Reduced -901.0k -901,000
23 Sculptor Capital LP 0.05% of their portfolio New York, NY 3,500,0003.5m $3.4m $3.4m 0.05% New
24 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 3,213,0003.2m $3.1m $3.1m 0.00% Reduced -15.4m -15,361,000
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,935,0002.9m $2.8m $2.8m 0.00% Reduced -1.4m -1,425,000
26 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,717,0002.7m $2.6m $2.6m 0.00% Added +2.6m +2,617,000
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,506,0001.5m $1.4m $1.4m 0.00% Reduced -300.0k -300,000
28 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,500,0001.5m $1.4m $1.4m 0.00% Unchanged
29 Radcliffe Capital Management, L.P. 0.04% of their portfolio BALA CYNWYD, PA 500,000500.0k $481.0k $481.0k 0.04% New
30 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 500,000500.0k $482.5k $482.5k 0.00% Unchanged
31 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 319,000319.0k $306.9k $306.9k 0.00% Added +29.0k +29,000
32 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $289.7k $289.7k 0.00% Reduced -100.0k -100,000
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 90,00090.0k $86.6k $86.6k 0.00% Reduced -1.9m -1,856,000
34 VIRTUS ADVISERS, LLC 0.02% of their portfolio HARTFORD, CT 41,00041.0k $39.4k $39.4k 0.02% Unchanged
35 NOMURA HOLDINGS INC 0.02% of their portfolio TOKYO, M0 36,53336.5k $2.0m $2.0m 0.02% Unchanged
36 Context Capital Management, LLC 0.03% of their portfolio LAJOLLA, CA 1,0001.0k $967.0k $967.0k 0.03% Unchanged
37 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 250250 $240.3k $240.3k 0.01% Reduced -125 -125
38 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged