Vault-13

CRACKER BARREL OLD CTRY STOR CBRL 0.625 06.15.26

NOTE 0.625% 6/1 · US DOMESTIC · CUSIP 22410JAB2

25 institutional holders -1 vs Q4 2022
28,516,00028.5m shares reported held*
$288.6mreported value*
3 new 8 added 5 reduced 4 sold out net bought ≈ $34.7m (+6.4m 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. Holder counts are more reliable. Implied quarter-end price ≈ $10.12. Options: 0 managers hold calls (— notional), 2 hold puts ($13.5m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 28Q4 22: 26Q1 23: 2525Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202228
Q4 202226
Q1 202325

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 7 bought or addedQ4 22: 9 cut or sold outQ4 22Q1 23: 11 bought or addedQ1 23: 9 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 202279
Q1 2023119

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $0Q4 22 puts: $1.7mQ4 22P/C —Q1 23 calls: $0Q1 23 puts: $13.5mQ1 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$1.7m—
Q1 2023$0$13.5m—

Biggest buyers

Wellesley Asset Management Added +27,491,645+27.5m
FMR LLC Added +17,510,000+17.5m
ABSOLUTE INVESTMENT ADVISERS, LLC Added +4,589,000+4.6m
Sonora Investment Management Group, LLC Added +2,265,000+2.3m
CAMDEN ASSET MANAGEMENT L P /CA Added +2,125,000+2.1m
BlackRock Inc. Added +900,000+900.0k
Thrivent Financial for Lutherans Added +465,000+465.0k
WELLINGTON MANAGEMENT GROUP LLP Added +80,000+80.0k
Cetera Advisors LLC New +35,000+35.0k
MILLENNIUM MANAGEMENT LLC New +10,000+10.0k

Biggest sellers

ADVENT CAPITAL MANAGEMENT /DE/ Reduced -11,570,000-11.6m
ZAZOVE ASSOCIATES LLC Reduced -1,400,000-1.4m
MORGAN STANLEY Sold out -1,038,000-1.0m
NEW YORK STATE COMMON RETIREMENT FUND Reduced -947,000-947.0k
JPMORGAN CHASE & CO Reduced -884,000-884.0k
PALISADE CAPITAL MANAGEMENT, LP Reduced -780,000-780.0k
MacKay Shields LLC Sold out -200,000-200.0k
Federation des caisses Desjardins du Quebec Sold out -200,000-200.0k
SG Americas Securities, LLC Sold out -2,000-2.0k

Biggest calls

None

Biggest puts

DAVIDSON KEMPNER PARTNERS First filing $6.7m7.5m shares
Davidson Kempner Capital Management LP Added $6.7m7.5m 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 AMERICAN CENTURY COMPANIES INC 0.08% of their portfolio KANSAS CITY, MO 99,999,999100.0m $98.9m $98.9m 0.08% Unchanged
2 CAMDEN ASSET MANAGEMENT L P /CA 1.14% of their portfolio Los Angeles, CA 38,128,00038.1m $34.2m $34.2m 1.14% Added +2.1m +2,125,000
3 FMR LLC 0.00% of their portfolio BOSTON, MA 37,020,00037.0m $33.2m $33.2m 0.00% Added +17.5m +17,510,000
4 Wellesley Asset Management 1.86% of their portfolio PORTSMOUTH, NH 27,516,50927.5m $25.3m $25.3m 1.86% Added +27.5m +27,491,645
5 ZAZOVE ASSOCIATES LLC 2.13% of their portfolio INCLINE VILLAGE, NV 25,738,00025.7m $23.4m $23.4m 2.13% Reduced -1.4m -1,400,000
6 ADVENT CAPITAL MANAGEMENT /DE/ 0.35% of their portfolio NEW YORK, NY 20,000,00020.0m $18.1m $18.1m 0.35% Reduced -11.6m -11,570,000
7 ABSOLUTE INVESTMENT ADVISERS, LLC 1.38% of their portfolio ROSEMARY BEACH, FL 10,339,00010.3m $9.3m $9.3m 1.38% Added +4.6m +4,589,000
8 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 7,500,0007.5m $6.8m $6.8m 0.03% Unchanged
9 BlackRock Inc. 0.00% of their portfolio New York, NY 6,090,0006.1m $5.5m $5.5m 0.00% Added +900.0k +900,000
10 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 6,025,0006.0m $5.4m $5.4m 0.01% Added +465.0k +465,000
11 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 5,114,0005.1m $4.6m $4.6m 0.01% Unchanged
12 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 4,645,0004.6m $4.2m $4.2m 0.00% Added +80.0k +80,000
13 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 3,788,0003.8m $3.4m $3.4m 0.00% Reduced -947.0k -947,000
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,461,0002.5m $2.2m $2.2m 0.00% Reduced -884.0k -884,000
15 Sonora Investment Management Group, LLC 0.19% of their portfolio TUCSON, AZ 2,430,0002.4m $2.2m $2.2m 0.19% Added +2.3m +2,265,000
16 PALISADE CAPITAL MANAGEMENT, LP 0.05% of their portfolio FORT LEE, NJ 1,920,0001.9m $1.7m $1.7m 0.05% Reduced -780.0k -780,000
17 Liberty Mutual Group Asset Management Inc. 0.16% of their portfolio Boston, MA 775,000775.0k $695.6k $695.6k 0.16% Unchanged
18 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 154,000154.0k $138.2k $138.2k 0.00% Unchanged
19 Cetera Advisors LLC 0.00% of their portfolio DENVER, CO 35,00035.0k $31.4k $31.4k 0.00% New
20 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 15,00015.0k $13.5k $13.5k 0.00% Unchanged
21 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 10,00010.0k $9.1m $9.1m 0.01% New
22 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 3,0003.0k $2.7k $2.7k 0.00% New
23 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 1,7711.8k $201.0k $201.0k 0.00% Unchanged
24 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged
25 NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio TOKYO, M0 00 $0 $0 0.00% Unchanged