Vault-13

DISH NETWORK CORPORATION DISH 3.375 08.15.26

NOTE 3.375% 8/1 · US DOMESTIC · CUSIP 25470MAB5

73 institutional holders -19 vs Q4 2023
36,662,07736.7m shares reported held*
$1.4bnreported value*
9 new 12 added 25 reduced 30 sold out net sold ≈ $101.0m (-51.0m 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 ($3.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $38.58. Options: 2 managers hold calls ($4.3m notional), 2 hold puts ($2.9m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 100Q4 22: 96Q1 23: 93Q2 23: 88Q3 23: 89Q4 23: 92Q1 24: 7373Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022100
Q4 202296
Q1 202393
Q2 202388
Q3 202389
Q4 202392
Q1 202473

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 23 bought or addedQ4 22: 47 cut or sold outQ4 22Q1 23: 35 bought or addedQ1 23: 46 cut or sold outQ1 23Q2 23: 21 bought or addedQ2 23: 42 cut or sold outQ2 23Q3 23: 26 bought or addedQ3 23: 37 cut or sold outQ3 23Q4 23: 30 bought or addedQ4 23: 36 cut or sold outQ4 23Q1 24: 21 bought or addedQ1 24: 55 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222347
Q1 20233546
Q2 20232142
Q3 20232637
Q4 20233036
Q1 20242155

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ2 23 calls: $0Q2 23 puts: $0Q2 23P/C —Q3 23 calls: $0Q3 23 puts: $0Q3 23P/C —Q4 23 calls: $3.6mQ4 23 puts: $2.6mQ4 23P/C 0.71Q1 24 calls: $4.3mQ1 24 puts: $2.9mQ1 24P/C 0.67
Numbers
QuarterCallsPutsP/C
Q2 2023$0$0—
Q3 2023$0$0—
Q4 2023$3.6m$2.6m0.71
Q1 2024$4.3m$2.9m0.67

Biggest buyers

Apollo Management Holdings, L.P. New +116,688,000+116.7m
REDWOOD CAPITAL MANAGEMENT, LLC Added +64,200,000+64.2m
Monarch Alternative Capital LP New +61,810,000+61.8m
Rokos Capital Management LLP Added +55,057,000+55.1m
140 Summer Partners LP New +40,191,000+40.2m
Columbus Hill Capital Management, L.P. Added +19,270,000+19.3m
D. E. Shaw & Co., Inc. Added +17,500,000+17.5m
Nut Tree Capital Management, LP Added +15,000,000+15.0m
Diameter Capital Partners LP Added +13,688,000+13.7m
CastleKnight Management LP New +10,750,000+10.8m

Biggest sellers

Anchorage Capital Group, L.L.C. Sold out -126,155,000-126.2m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -91,800,000-91.8m
AMERIPRISE FINANCIAL INC Reduced -66,260,000-66.3m
LMR Partners LLP Reduced -28,725,000-28.7m
JPMORGAN CHASE & CO Reduced -27,820,000-27.8m
KING STREET CAPITAL MANAGEMENT, L.P. Reduced -23,500,000-23.5m
FMR LLC Reduced -16,700,000-16.7m
PRICE T ROWE ASSOCIATES INC /MD/ Sold out -15,191,000-15.2m
LAZARD ASSET MANAGEMENT LLC Sold out -14,721,000-14.7m
Kore Advisors LP Reduced -14,000,000-14.0m

Biggest calls

Walleye Trading LLC Added $4.2m299.6k shares
Walleye Capital LLC Reduced $137.6k9.8k shares

Biggest puts

Walleye Trading LLC Added $2.9m207.1k shares
Walleye Capital LLC Reduced $11.2k800 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.02% of their portfolio BOSTON, MA 414,347,000414.3m $257.9m $257.9m 0.02% Reduced -16.7m -16,700,000
2 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 150,344,000150.3m $94.8m $94.8m 0.00% Reduced -27.8m -27,820,000
3 LMR Partners LLP 2.24% of their portfolio LONDON, X0 139,425,000139.4m $87.7m $87.7m 2.24% Reduced -28.7m -28,725,000
4 VOYA INVESTMENT MANAGEMENT LLC 0.08% of their portfolio ATLANTA, GA 124,435,000124.4m $78.1m $78.1m 0.08% Unchanged
5 Apollo Management Holdings, L.P. 0.98% of their portfolio New York, NY 116,688,000116.7m $72.7m $72.7m 0.98% New
6 Anchorage Capital Advisors, L.P. 33.93% of their portfolio NEW YORK, NY 116,548,000116.5m $73.4m $73.4m 33.93% First filing
7 Rokos Capital Management LLP 1.71% of their portfolio LONDON, X0 106,267,000106.3m $66.9m $66.9m 1.71% Added +55.1m +55,057,000
8 Capital World Investors 0.01% of their portfolio LOS ANGELES, CA 105,118,000105.1m $66.0m $66.0m 0.01% Unchanged
9 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 74,958,00075.0m $46.7m $46.7m 0.01% Reduced -66.3m -66,260,000
10 Brandywine Global Investment Management, LLC 0.34% of their portfolio PHILADELPHIA, PA 74,160,00074.2m $46.5m $46.5m 0.34% Reduced -500.0k -500,000
11 REDWOOD CAPITAL MANAGEMENT, LLC 5.66% of their portfolio New York, NY 65,020,00065.0m $40.2m $40.2m 5.66% Added +64.2m +64,200,000
12 Monarch Alternative Capital LP 17.25% of their portfolio New York, NY 61,810,00061.8m $38.8m $38.8m 17.25% New
13 Nut Tree Capital Management, LP 9.57% of their portfolio NEW YORK, NY 55,150,00055.1m $34.6m $34.6m 9.57% Added +15.0m +15,000,000
14 MacKay Shields LLC 0.94% of their portfolio New York, NY 53,965,00054.0m $33.9m $33.9m 0.94% Reduced -450.0k -450,000
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 50,747,00050.7m $32.1m $32.1m 0.00% Reduced -11.7m -11,675,000
16 SILVERBACK ASSET MANAGEMENT LLC 3.52% of their portfolio DURHAM, NC 41,968,00042.0m $26.3m $26.3m 3.52% Reduced -2.5m -2,500,000
17 140 Summer Partners LP 3.12% of their portfolio New York, NY 40,191,00040.2m $25.0m $25.0m 3.12% New
18 Diameter Capital Partners LP 3.39% of their portfolio New York, NY 32,188,00032.2m $20.3m $20.3m 3.39% Added +13.7m +13,688,000
19 Columbus Hill Capital Management, L.P. 4.25% of their portfolio Short Hills, NJ 31,639,00031.6m $19.5m $19.5m 4.25% Added +19.3m +19,270,000
20 Sculptor Capital LP 0.42% of their portfolio New York, NY 30,750,00030.8m $19.1m $19.1m 0.42% Reduced -5.0m -5,050,000
21 EdgePoint Investment Group Inc. 0.15% of their portfolio TORONTO, A6 29,000,00029.0m $18.3m $18.3m 0.15% Unchanged
22 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 27,000,00027.0m $16.9m $16.9m 0.03% Unchanged
23 BlackRock Inc. 0.00% of their portfolio New York, NY 23,908,00023.9m $14.9m $14.9m 0.00% Added +3.4m +3,400,000
24 Western Asset Management Company, LLC 13.65% of their portfolio Pasadena, CA 22,750,00022.8m $14.3m $14.3m 13.65% Reduced -5.5m -5,520,000
25 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 19,500,00019.5m $12.2m $12.2m 0.02% Added +17.5m +17,500,000
26 DeepCurrents Investment Group LLC 0.49% of their portfolio NEW YORK, NY 18,927,00018.9m $12.0m $12.0m 0.49% Added +2.0m +2,000,000
27 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 16,005,00016.0m $10.0m $10.0m 0.01% Reduced -8.2m -8,165,000
28 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 14,325,00014.3m $8.9m $8.9m 0.01% Reduced -3.4m -3,400,000
29 Kore Advisors LP 5.08% of their portfolio BOYNTON BEACH, FL 11,554,00011.6m $7.3m $7.3m 5.08% Reduced -14.0m -14,000,000
30 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 11,548,00011.5m $7.2m $7.2m 0.00% Reduced -56.0k -56,000
31 KING STREET CAPITAL MANAGEMENT, L.P. 10.10% of their portfolio New York, NY 11,500,00011.5m $7.2m $7.2m 10.10% Reduced -23.5m -23,500,000
32 CastleKnight Management LP 1.00% of their portfolio New York, NY 10,750,00010.8m $6.8m $6.8m 1.00% New
33 Walleye Capital LLC 0.05% of their portfolio NEW YORK, NY 7,000,0007.0m $4.4m $4.4m 0.05% Unchanged
34 BARINGS LLC 0.10% of their portfolio CHARLOTTE, NC 6,439,0006.4m $4.1m $4.1m 0.10% Reduced -5.1m -5,078,000
35 Verition Fund Management LLC 0.04% of their portfolio GREENWICH, CT 6,051,0006.1m $3.8m $3.8m 0.04% Added +6.0m +6,045,564
36 CSS LLC/IL 0.30% of their portfolio CHICAGO, IL 6,000,0006.0m $3.8m $3.8m 0.30% Added +3.0m +3,000,000
37 MSD Partners, L.P. 0.25% of their portfolio NEW YORK, NY 5,000,0005.0m $3.1m $3.1m 0.25% Unchanged
38 FIL Ltd 0.00% of their portfolio HAMILTON, D0 4,725,0004.7m $2.9m $2.9m 0.00% Reduced -3.0m -2,985,000
39 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,575,0004.6m $2.8m $2.8m 0.00% Reduced -7.6m -7,632,000
40 LOOMIS SAYLES & CO L P 0.08% of their portfolio BOSTON, MA 4,183,0774.2m $59.6m $59.6m 0.08% Reduced -7.7m -7,714,851
41 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 3,420,0003.4m $2.1m $2.1m 0.00% New
42 DLD Asset Management, LP 0.27% of their portfolio NEW YORK, NY 2,500,0002.5m $1.6m $1.6m 0.27% Unchanged
43 GOLDENTREE ASSET MANAGEMENT LP 0.10% of their portfolio NEW YORK, NY 2,000,0002.0m $1.2m $1.2m 0.10% New
44 Pentwater Capital Management LP 0.02% of their portfolio Naples, FL 2,000,0002.0m $1.3m $1.3m 0.02% New
45 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 2,000,0002.0m $1.4m $1.4m 0.00% Unchanged
46 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,832,0001.8m $1.1m $1.1m 0.00% Unchanged
47 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,500,0001.5m $933.8k $933.8k 0.00% Reduced -2.5m -2,500,000
48 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 1,205,0001.2m $750.1k $750.1k 0.00% Reduced -55.0k -55,000
49 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,130,0001.1m $715.3k $715.3k 0.00% Reduced -390.0k -390,000
50 Murchinson Ltd. 0.07% of their portfolio TORONTO, A6 1,000,0001.0m $619.0k $619.0k 0.07% New
51 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 625,000625.0k $389.1k $389.1k 0.00% Unchanged
52 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 549,000549.0k $350.3k $350.3k 0.01% Reduced -523.0k -523,000
53 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 400,000400.0k $251.0k $251.0k 0.00% Unchanged
54 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 400,000400.0k $250.6k $250.6k 0.00% Unchanged
55 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 270,000270.0k $169.2k $169.2k 0.00% New
56 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 225,000225.0k $124.6k $124.6k 0.00% Unchanged
57 Fox Hill Wealth Management 0.04% of their portfolio DEDHAM, MA 89,00089.0k $55.8k $55.8k 0.04% Unchanged
58 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 82,00082.0k $51.0k $51.0k 0.00% Unchanged
59 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 75,00075.0k $47.0k $47.0k 0.00% Unchanged
60 UBS Group AG 0.00% of their portfolio ZURICH, V8 51,00051.0k $31.7k $31.7k 0.00% Added +50.0k +50,000
61 Seelaus Asset Management LLC 0.03% of their portfolio CHATHAM, NJ 45,00045.0k $28.2k $28.2k 0.03% Unchanged
62 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 44,00044.0k $27.6k $27.6k 0.00% Unchanged
63 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 25,00025.0k $15.6k $15.6k 0.00% Unchanged
64 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 25,00025.0k $15.6k $15.6k 0.00% Unchanged
65 Iron Horse Wealth Management, LLC 0.01% of their portfolio JOHSTON, IA 24,00024.0k $15.0k $15.0k 0.01% Unchanged
66 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 18,00018.0k $11.2k $11.2k 0.00% Added +6.0k +6,000
67 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 14,00014.0k $8.8k $8.8k 0.00% Reduced -356.0k -356,000
68 Lakeridge Wealth Management LLC 0.00% of their portfolio MENTOR, OH 12,00012.0k $7.5k $7.5k 0.00% Unchanged
69 PRUDENT INVESTORS NETWORK, INC. 0.00% of their portfolio LAKE FOREST, CA 11,00011.0k $6.9k $6.9k 0.00% First filing
70 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,0003.0k $1.9k $1.9k 0.00% Reduced -4.1m -4,102,000
71 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,0001.0k $1.0k $1.0k 0.00% Unchanged
72 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 33 $1.9k $1.9k 0.00% Unchanged
73 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged