Vault-13

COUPA SOFTWARE INC COUP 0.125 06.15.25

NOTE 0.125% 6/1 · US DOMESTIC · CUSIP 22266LAC0

59 institutional holders +3 vs Q3 2022
122,400,000122.4m shares reported held*
$777.6mreported value*
14 new 17 added 15 reduced 13 sold out net bought ≈ $4.8m (+98.0m 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. Holder counts are more reliable. Implied quarter-end price ≈ $6.35. Options: 0 managers hold calls (— notional), 1 hold puts ($13.5m).

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 56Q4 22: 5959Q3 22Q4 22
Numbers
QuarterHolders
Q3 202256
Q4 202259

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 22 calls: $0Q3 22 puts: $12.2mQ3 22P/C —Q4 22 calls: $0Q4 22 puts: $13.5mQ4 22P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$12.2m—
Q4 2022$0$13.5m—

Biggest buyers

Aequim Alternative Investments LP New +74,500,000+74.5m
LORD, ABBETT & CO. LLC Added +36,176,000+36.2m
LMR Partners LLP New +27,661,000+27.7m
Westchester Capital Management, LLC New +14,510,000+14.5m
Echo Street Capital Management LLC New +12,700,000+12.7m
Polar Capital Holdings Plc Added +12,000,000+12.0m
Lynrock Lake LP Added +9,870,000+9.9m
BANK OF AMERICA CORP /DE/ New +8,897,000+8.9m
SOROS FUND MANAGEMENT LLC Added +8,000,000+8.0m
CITADEL ADVISORS LLC New +8,000,000+8.0m

Biggest sellers

Aequim Alternative Investments LP Sold out -72,000,000-72.0m
BNP PARIBAS FINANCIAL MARKETS Reduced -40,966,000-41.0m
VOYA INVESTMENT MANAGEMENT LLC Sold out -18,500,000-18.5m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -18,059,000-18.1m
Linden Advisors LP Sold out -17,445,000-17.4m
LAZARD ASSET MANAGEMENT LLC Reduced -16,448,000-16.4m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -14,056,000-14.1m
WOLVERINE ASSET MANAGEMENT LLC Sold out -10,684,000-10.7m
RWC Asset Management LLP Sold out -8,500,000-8.5m
Magnetar Financial LLC Reduced -8,000,000-8.0m

Biggest calls

None

Biggest puts

Davidson Kempner Capital Management LP Reduced $13.5m14.0m 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, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 D. E. Shaw & Co., Inc. 0.16% of their portfolio New York, NY 99,015,00099.0m $95.9m $95.9m 0.16% Unchanged
2 LORD, ABBETT & CO. LLC 0.13% of their portfolio JERSEY CITY, NJ 74,774,00074.8m $72.6m $72.6m 0.13% Added +36.2m +36,176,000
3 Aequim Alternative Investments LP 1.97% of their portfolio MILL VALLEY, CA 74,500,00074.5m $72.4m $72.4m 1.97% New
4 BNP PARIBAS FINANCIAL MARKETS 0.13% of their portfolio PARIS, I0 54,853,00054.9m $53.1m $53.1m 0.13% Reduced -41.0m -40,966,000
5 Calamos Advisors LLC 0.26% of their portfolio NAPERVILLE, IL 54,604,00054.6m $52.8m $52.8m 0.26% Reduced -249.0k -249,000
6 LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 40,052,00040.1m $38.9m $38.9m 0.05% Reduced -16.4m -16,448,000
7 SOROS FUND MANAGEMENT LLC 0.50% of their portfolio NEW YORK, NY 30,250,00030.2m $29.3m $29.3m 0.50% Added +8.0m +8,000,000
8 Polar Capital Holdings Plc 0.22% of their portfolio London, X0 28,500,00028.5m $27.7m $27.7m 0.22% Added +12.0m +12,000,000
9 LMR Partners LLP 0.51% of their portfolio LONDON, X0 27,661,00027.7m $26.7m $26.7m 0.51% New
10 Lynrock Lake LP 1.25% of their portfolio RYE BROOK, NY 27,014,00027.0m $26.2m $26.2m 1.25% Added +9.9m +9,870,000
11 AVIVA PLC 0.12% of their portfolio LONDON, X0 25,000,00025.0m $24.3m $24.3m 0.12% Reduced -5.0m -5,000,000
12 FMR LLC 0.00% of their portfolio BOSTON, MA 23,470,00023.5m $22.7m $22.7m 0.00% Added +5.0m +5,000,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 20,093,00020.1m $19.4m $19.4m 0.00% Added +2.0m +2,000,000
14 Westchester Capital Management, LLC 0.41% of their portfolio VALHALLA, NY 14,510,00014.5m $14.1m $14.1m 0.41% New
15 Opti Capital Management, LP 1.21% of their portfolio New York, NY 14,407,00014.4m $14.0m $14.0m 1.21% Added +5.5m +5,500,000
16 Echo Street Capital Management LLC 0.12% of their portfolio New York, NY 12,700,00012.7m $12.3m $12.3m 0.12% New
17 SSI INVESTMENT MANAGEMENT LLC 0.69% of their portfolio Los Angeles, CA 11,273,00011.3m $10.9m $10.9m 0.69% Reduced -75.0k -75,000
18 SHENKMAN CAPITAL MANAGEMENT INC 0.67% of their portfolio NEW YORK, NY 11,179,00011.2m $10.8m $10.8m 0.67% Reduced -14.1m -14,056,000
19 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 11,000,00011.0m $10.6m $10.6m 0.02% Added +5.0m +5,000,000
20 ADVENT CAPITAL MANAGEMENT /DE/ 0.18% of their portfolio NEW YORK, NY 10,100,00010.1m $9.8m $9.8m 0.18% Added +2.4m +2,400,000
21 Magnetar Financial LLC 0.16% of their portfolio EVANSTON, IL 9,500,0009.5m $9.2m $9.2m 0.16% Reduced -8.0m -8,000,000
22 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 8,897,0008.9m $8.6m $8.6m 0.00% New
23 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,304,0008.3m $8.0m $8.0m 0.00% Added +7.8m +7,800,000
24 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 8,000,0008.0m $7.7m $7.7m 0.01% New
25 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 7,972,0008.0m $7.7m $7.7m 0.00% Added +4.8m +4,750,000
26 BlackRock Inc. 0.00% of their portfolio New York, NY 7,600,0007.6m $7.3m $7.3m 0.00% Added +600.0k +600,000
27 Crystalline Management Inc. 3.28% of their portfolio Montreal, Quebec, Z4 6,700,0006.7m $6.5m $6.5m 3.28% First filing
28 Empyrean Capital Partners, LP 0.23% of their portfolio LOS ANGELES, CA 6,500,0006.5m $6.3m $6.3m 0.23% Unchanged
29 Kohlberg Kravis Roberts & Co. L.P. 0.20% of their portfolio NEW YORK, NY 6,126,0006.1m $6.0m $6.0m 0.20% Added +876.0k +876,000
30 WATER ISLAND CAPITAL LLC 0.49% of their portfolio NEW YORK, NY 6,000,0006.0m $5.8m $5.8m 0.49% New
31 TENOR CAPITAL MANAGEMENT Co., L.P. 0.12% of their portfolio NEW YORK, NY 5,000,0005.0m $4.8m $4.8m 0.12% Unchanged
32 READYSTATE ASSET MANAGEMENT LP 1.36% of their portfolio CHICAGO, IL 5,000,0005.0m $4.9m $4.9m 1.36% First filing
33 Sculptor Capital LP 0.08% of their portfolio New York, NY 4,500,0004.5m $4.4m $4.4m 0.08% Reduced -7.5m -7,500,000
34 Ionic Capital Management LLC 1.14% of their portfolio NEW YORK, NY 3,930,0003.9m $3.8m $3.8m 1.14% Added +930.0k +930,000
35 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 3,900,0003.9m $3.5m $3.5m 0.00% Reduced -1.7m -1,680,000
36 EDMOND DE ROTHSCHILD HOLDING S.A. 0.09% of their portfolio CHAMBESY, V8 3,895,0003.9m $3.8m $3.8m 0.09% Added +500.0k +500,000
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,556,0003.6m $3.4m $3.4m 0.00% Reduced -2.6m -2,638,000
38 Elequin Capital, LP 0.96% of their portfolio NEW YORK, NY 3,500,0003.5m $3.4m $3.4m 0.96% New
39 WESTWOOD HOLDINGS GROUP INC 0.03% of their portfolio DALLAS, TX 3,000,0003.0m $2.9m $2.9m 0.03% New
40 Amundi 0.00% of their portfolio Paris, I0 3,000,0003.0m $2.9m $2.9m 0.00% Unchanged
41 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 2,500,0002.5m $2.4m $2.4m 0.00% Unchanged
42 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 2,200,0002.2m $2.1m $2.1m 0.01% Unchanged
43 PALISADE CAPITAL MANAGEMENT, LP 0.05% of their portfolio FORT LEE, NJ 2,066,0002.1m $2.0m $2.0m 0.05% New
44 Anson Funds Management LP 0.47% of their portfolio DALLAS, TX 2,000,0002.0m $1.9m $1.9m 0.47% New
45 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 610,000610.0k $589.2k $589.2k 0.00% Reduced -1.6m -1,600,000
46 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $484.0k $484.0k 0.00% Unchanged
47 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 450,000450.0k $436.6k $436.6k 0.00% Reduced -18.1m -18,059,000
48 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 220,000220.0k $213.0k $213.0k 0.01% Reduced -9.0k -9,000
49 Calamos Wealth Management LLC 0.02% of their portfolio NAPERVILLE, IL 220,000220.0k $212.8k $212.8k 0.02% Reduced -22.0k -22,000
50 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 125,000125.0k $120.8k $120.8k 0.00% Unchanged
51 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 71,00071.0k $68.9k $68.9k 0.00% New
52 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 66,00066.0k $63.8k $63.8k 0.00% Added +61.0k +61,000
53 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 49,00049.0k $47.0k $47.0k 0.00% Unchanged
54 SG Americas Securities, LLC 0.06% of their portfolio NEW YORK, NY 39,00039.0k $3.8m $3.8m 0.06% Reduced -4.0k -4,000
55 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 10,00010.0k $9.0k $9.0k 0.00% New
56 Context Capital Management, LLC 0.55% of their portfolio LAJOLLA, CA 7,6807.7k $7.5m $7.5m 0.55% Added +1.7k +1,680
57 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 6,0006.0k $5.8k $5.8k 0.00% Unchanged
58 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 1313 $0 $0 0.00% New
59 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged