Vault-13

DEXCOM INC DXCM 0.75 12.01.23

NOTE 0.750%12/0 · US DOMESTIC · CUSIP 252131AH0

33 institutional holders -3 vs Q1 2023
107,425,030107.4m shares reported held*
$2.0bnreported value*
4 new 5 added 10 reduced 7 sold out net sold ≈ $573.2m (+107.4m 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 ($72.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.67.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 37Q4 22: 36Q1 23: 36Q2 23: 3333Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202237
Q4 202236
Q1 202336
Q2 202333

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 12 bought or addedQ4 22: 11 cut or sold outQ4 22Q1 23: 13 bought or addedQ1 23: 13 cut or sold outQ1 23Q2 23: 9 bought or addedQ2 23: 17 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221211
Q1 20231313
Q2 2023917

Biggest buyers

D. E. Shaw & Co., Inc. New +107,304,000+107.3m
VOYA INVESTMENT MANAGEMENT LLC Added +18,450,000+18.4m
Warberg Asset Management LLC Added +12,500,000+12.5m
BANK OF NOVA SCOTIA Added +12,500,000+12.5m
Elequin Capital, LP New +9,054,000+9.1m
STATE STREET CORP Added +1,850,000+1.9m
BNP PARIBAS FINANCIAL MARKETS New +1,004,000+1.0m
BLUEFIN CAPITAL MANAGEMENT, LLC New +102,030+102.0k
BlackRock Inc. Added +50,000+50.0k

Biggest sellers

Hudson Bay Capital Management LP Sold out -135,974,000-136.0m
D. E. Shaw & Co., Inc. Sold out -97,404,000-97.4m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -36,419,000-36.4m
WOLVERINE ASSET MANAGEMENT LLC Reduced -18,137,000-18.1m
III Capital Management Sold out -16,302,000-16.3m
Polar Asset Management Partners Inc. Reduced -16,000,000-16.0m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -10,000,000-10.0m
FMR LLC Reduced -9,019,000-9.0m
AMERIPRISE FINANCIAL INC Sold out -3,336,000-3.3m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -1,292,000-1.3m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 8.35% of their portfolio NEW YORK, NY 128,059,000128.1m $399.3m $399.3m 8.35% Reduced -1.0m -1,000,000
2 D. E. Shaw & Co., Inc. 0.52% of their portfolio New York, NY 107,304,000107.3m $334.6m $334.6m 0.52% New
3 DeepCurrents Investment Group LLC 11.21% of their portfolio NEW YORK, NY 83,469,00083.5m $260.8m $260.8m 11.21% Unchanged
4 Polar Asset Management Partners Inc. 2.72% of their portfolio TORONTO, A6 44,000,00044.0m $137.2m $137.2m 2.72% Reduced -16.0m -16,000,000
5 BANK OF NOVA SCOTIA 0.33% of their portfolio TORONTO, A6 40,552,00040.6m $126.5m $126.5m 0.33% Added +12.5m +12,500,000
6 CSS LLC/IL 9.48% of their portfolio CHICAGO, IL 39,416,00039.4m $123.0m $123.0m 9.48% Unchanged
7 Calamos Advisors LLC 0.48% of their portfolio NAPERVILLE, IL 30,006,00030.0m $93.8m $93.8m 0.48% Unchanged
8 VOYA INVESTMENT MANAGEMENT LLC 0.08% of their portfolio ATLANTA, GA 25,950,00025.9m $81.0m $81.0m 0.08% Added +18.4m +18,450,000
9 WOLVERINE ASSET MANAGEMENT LLC 1.39% of their portfolio CHICAGO, IL 23,718,00023.7m $74.0m $74.0m 1.39% Reduced -18.1m -18,137,000
10 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio NEW YORK, NY 20,600,00020.6m $58.3m $58.3m 0.03% Unchanged
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 17,990,00018.0m $56.3m $56.3m 0.00% Added +1.9m +1,850,000
12 Warberg Asset Management LLC 11.32% of their portfolio WINNETKA, IL 12,694,00012.7m $39.7m $39.7m 11.32% Added +12.5m +12,500,000
13 LORD, ABBETT & CO. LLC 0.06% of their portfolio JERSEY CITY, NJ 11,890,00011.9m $37.1m $37.1m 0.06% Reduced -350.0k -350,000
14 CAPSTONE INVESTMENT ADVISORS, LLC 0.92% of their portfolio NEW YORK, NY 10,000,00010.0m $31.2m $31.2m 0.92% Reduced -10.0m -10,000,000
15 Elequin Capital, LP 14.44% of their portfolio NEW YORK, NY 9,054,0009.1m $28.3m $28.3m 14.44% New
16 FMR LLC 0.00% of their portfolio BOSTON, MA 9,019,0009.0m $28.1m $28.1m 0.00% Reduced -9.0m -9,019,000
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,696,0006.7m $20.9m $20.9m 0.00% Reduced -890.0k -890,000
18 BlackRock Inc. 0.00% of their portfolio New York, NY 4,529,0004.5m $14.1m $14.1m 0.00% Added +50.0k +50,000
19 ADVENT CAPITAL MANAGEMENT /DE/ 0.10% of their portfolio NEW YORK, NY 1,537,0001.5m $4.8m $4.8m 0.10% Reduced -1.3m -1,292,000
20 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 1,522,0001.5m $4.8m $4.8m 0.01% Unchanged
21 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 1,004,0001.0m $3.1m $3.1m 0.01% New
22 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 852,000852.0k $2.7m $2.7m 0.00% Unchanged
23 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 250,000250.0k $779.6k $779.6k 0.00% Unchanged
24 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 200,000200.0k $625.6k $625.6k 0.00% Unchanged
25 SSI INVESTMENT MANAGEMENT LLC 0.02% of their portfolio Los Angeles, CA 111,000111.0k $346.2k $346.2k 0.02% Unchanged
26 BLUEFIN CAPITAL MANAGEMENT, LLC 7.25% of their portfolio NEW YORK, NY 102,030102.0k $31.8m $31.8m 7.25% New
27 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 35,00035.0k $109.1k $109.1k 0.00% Reduced -165.0k -165,000
28 Verition Fund Management LLC 1.13% of their portfolio GREENWICH, CT 23,27723.3k $72.6m $72.6m 1.13% Unchanged
29 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 23,00023.0k $72.0k $72.0k 0.00% Unchanged
30 NATIXIS 0.40% of their portfolio PARIS, I0 15,00015.0k $47.0m $47.0m 0.40% Reduced -6.5k -6,512
31 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 4,0004.0k $12.5k $12.5k 0.00% Unchanged
32 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 3,0003.0k $9.4k $9.4k 0.00% Unchanged
33 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged