Vault-13

DISH NETWORK CORPORATION DISH 3.375 08.15.26

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

74 institutional holders +1 vs Q1 2024
34,891,78034.9m shares reported held*
$1.4bnreported value*
3 new 11 added 21 reduced 2 sold out net sold ≈ $1.2m (-1.8m 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 ≈ $40.86. Options: 2 managers hold calls ($5.4m notional), 2 hold puts ($1.4m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 100Q4 22: 96Q1 23: 93Q2 23: 88Q3 23: 89Q4 23: 92Q1 24: 73Q2 24: 7474Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022100
Q4 202296
Q1 202393
Q2 202388
Q3 202389
Q4 202392
Q1 202473
Q2 202474

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 outQ2 23: 21 bought or addedQ2 23: 42 cut or sold outQ2 23Q3 23: 26 bought or addedQ3 23: 37 cut or sold outQ4 23: 30 bought or addedQ4 23: 36 cut or sold outQ4 23Q1 24: 21 bought or addedQ1 24: 55 cut or sold outQ2 24: 14 bought or addedQ2 24: 23 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222347
Q1 20233546
Q2 20232142
Q3 20232637
Q4 20233036
Q1 20242155
Q2 20241423

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 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 0.67Q2 24 calls: $5.4mQ2 24 puts: $1.4mQ2 24P/C 0.26
Numbers
QuarterCallsPutsP/C
Q3 2023$0$0—
Q4 2023$3.6m$2.6m0.71
Q1 2024$4.3m$2.9m0.67
Q2 2024$5.4m$1.4m0.26

Biggest buyers

Rokos Capital Management LLP Added +43,935,000+43.9m
CYRUS CAPITAL PARTNERS, L.P. New +35,623,000+35.6m
BlackRock Inc. Added +11,250,000+11.2m
140 Summer Partners LP Added +10,153,000+10.2m
Monarch Alternative Capital LP Added +10,000,000+10.0m
Nut Tree Capital Management, LP Added +10,000,000+10.0m
REDWOOD CAPITAL MANAGEMENT, LLC Added +7,278,000+7.3m
LMR Partners LLP Added +1,470,000+1.5m
BARCLAYS PLC New +1,044,000+1.0m
CSS LLC/IL Added +925,000+925.0k

Biggest sellers

MacKay Shields LLC Reduced -48,075,000-48.1m
Anchorage Capital Advisors, L.P. Reduced -26,548,000-26.5m
AMERIPRISE FINANCIAL INC Reduced -9,763,000-9.8m
NEUBERGER BERMAN GROUP LLC Reduced -8,195,000-8.2m
VOYA INVESTMENT MANAGEMENT LLC Reduced -6,500,000-6.5m
D. E. Shaw & Co., Inc. Reduced -6,000,000-6.0m
STATE STREET CORP Reduced -5,900,000-5.9m
SILVERBACK ASSET MANAGEMENT LLC Reduced -5,500,000-5.5m
Columbus Hill Capital Management, L.P. Reduced -4,500,000-4.5m
BANK OF AMERICA CORP /DE/ Reduced -3,300,000-3.3m

Biggest calls

Walleye Trading LLC Reduced $5.2m292.9k shares
Walleye Capital LLC Reduced $142.5k8.0k shares

Biggest puts

Walleye Trading LLC Reduced $1.4m78.0k shares
Walleye Capital LLC Unchanged $14.2k800 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, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.02% of their portfolio BOSTON, MA 413,847,000413.8m $256.7m $256.7m 0.02% Reduced -500.0k -500,000
2 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 150,344,000150.3m $94.5m $94.5m 0.00% Unchanged
3 Rokos Capital Management LLP 2.16% of their portfolio LONDON, X0 150,202,000150.2m $93.5m $93.5m 2.16% Added +43.9m +43,935,000
4 LMR Partners LLP 1.89% of their portfolio LONDON, X0 140,895,000140.9m $88.5m $88.5m 1.89% Added +1.5m +1,470,000
5 VOYA INVESTMENT MANAGEMENT LLC 0.07% of their portfolio ATLANTA, GA 117,935,000117.9m $73.7m $73.7m 0.07% Reduced -6.5m -6,500,000
6 Apollo Management Holdings, L.P. 1.28% of their portfolio New York, NY 115,454,000115.5m $73.1m $73.1m 1.28% Reduced -1.2m -1,234,000
7 Capital World Investors 0.01% of their portfolio LOS ANGELES, CA 105,118,000105.1m $65.7m $65.7m 0.01% Unchanged
8 Anchorage Capital Advisors, L.P. 33.85% of their portfolio NEW YORK, NY 90,000,00090.0m $56.5m $56.5m 33.85% Reduced -26.5m -26,548,000
9 Brandywine Global Investment Management, LLC 0.35% of their portfolio PHILADELPHIA, PA 74,160,00074.2m $46.4m $46.4m 0.35% Unchanged
10 REDWOOD CAPITAL MANAGEMENT, LLC 7.02% of their portfolio New York, NY 72,298,00072.3m $45.7m $45.7m 7.02% Added +7.3m +7,278,000
11 Monarch Alternative Capital LP 20.08% of their portfolio New York, NY 71,810,00071.8m $44.9m $44.9m 20.08% Added +10.0m +10,000,000
12 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 65,195,00065.2m $40.4m $40.4m 0.01% Reduced -9.8m -9,763,000
13 Nut Tree Capital Management, LP 10.51% of their portfolio NEW YORK, NY 65,150,00065.2m $40.7m $40.7m 10.51% Added +10.0m +10,000,000
14 140 Summer Partners LP 3.78% of their portfolio New York, NY 50,344,00050.3m $31.2m $31.2m 3.78% Added +10.2m +10,153,000
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 44,847,00044.8m $28.6m $28.6m 0.00% Reduced -5.9m -5,900,000
16 SILVERBACK ASSET MANAGEMENT LLC 2.84% of their portfolio DURHAM, NC 36,468,00036.5m $23.0m $23.0m 2.84% Reduced -5.5m -5,500,000
17 CYRUS CAPITAL PARTNERS, L.P. 6.02% of their portfolio New York, NY 35,623,00035.6m $22.1m $22.1m 6.02% New
18 BlackRock Inc. 0.00% of their portfolio New York, NY 35,158,00035.2m $21.8m $21.8m 0.00% Added +11.2m +11,250,000
19 Diameter Capital Partners LP 4.69% of their portfolio New York, NY 32,188,00032.2m $20.2m $20.2m 4.69% Unchanged
20 EdgePoint Investment Group Inc. 0.15% of their portfolio TORONTO, A6 29,000,00029.0m $17.7m $17.7m 0.15% Unchanged
21 Sculptor Capital LP 0.37% of their portfolio New York, NY 28,750,00028.8m $17.8m $17.8m 0.37% Reduced -2.0m -2,000,000
22 Columbus Hill Capital Management, L.P. 3.40% of their portfolio Short Hills, NJ 27,139,00027.1m $16.6m $16.6m 3.40% Reduced -4.5m -4,500,000
23 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 27,000,00027.0m $16.9m $16.9m 0.03% Unchanged
24 Western Asset Management Company, LLC 17.11% of their portfolio Pasadena, CA 22,260,00022.3m $13.9m $13.9m 17.11% Reduced -490.0k -490,000
25 DeepCurrents Investment Group LLC 0.47% of their portfolio NEW YORK, NY 18,927,00018.9m $11.8m $11.8m 0.47% Unchanged
26 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 13,500,00013.5m $8.4m $8.4m 0.01% Reduced -6.0m -6,000,000
27 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 13,075,00013.1m $8.3m $8.3m 0.01% Reduced -1.2m -1,250,000
28 Kore Advisors LP 5.73% of their portfolio BOYNTON BEACH, FL 11,554,00011.6m $7.2m $7.2m 5.73% Unchanged
29 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 11,548,00011.5m $7.2m $7.2m 0.00% Unchanged
30 KING STREET CAPITAL MANAGEMENT, L.P. 9.00% of their portfolio New York, NY 11,500,00011.5m $7.2m $7.2m 9.00% Unchanged
31 CastleKnight Management LP 0.90% of their portfolio New York, NY 10,750,00010.8m $6.8m $6.8m 0.90% Unchanged
32 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 7,810,0007.8m $4.9m $4.9m 0.00% Reduced -8.2m -8,195,000
33 Walleye Capital LLC 0.05% of their portfolio NEW YORK, NY 7,000,0007.0m $4.4m $4.4m 0.05% Unchanged
34 CSS LLC/IL 0.32% of their portfolio CHICAGO, IL 6,925,0006.9m $4.3m $4.3m 0.32% Added +925.0k +925,000
35 BARINGS LLC 0.10% of their portfolio CHARLOTTE, NC 6,439,0006.4m $4.0m $4.0m 0.10% Unchanged
36 Verition Fund Management LLC 0.03% of their portfolio GREENWICH, CT 6,051,0006.1m $3.8m $3.8m 0.03% Unchanged
37 MacKay Shields LLC 0.11% of their portfolio New York, NY 5,890,0005.9m $3.7m $3.7m 0.11% Reduced -48.1m -48,075,000
38 MSD Partners, L.P. 0.32% of their portfolio NEW YORK, NY 5,000,0005.0m $3.2m $3.2m 0.32% Unchanged
39 FIL Ltd 0.00% of their portfolio HAMILTON, D0 4,725,0004.7m $2.9m $2.9m 0.00% Unchanged
40 LOOMIS SAYLES & CO L P 0.10% of their portfolio BOSTON, MA 4,202,7804.2m $74.9m $74.9m 0.10% Added +19.7k +19,703
41 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 3,420,0003.4m $2.1m $2.1m 0.00% Unchanged
42 DLD Asset Management, LP 0.37% of their portfolio NEW YORK, NY 2,500,0002.5m $1.6m $1.6m 0.37% Unchanged
43 GOLDENTREE ASSET MANAGEMENT LP 0.10% of their portfolio NEW YORK, NY 2,000,0002.0m $1.2m $1.2m 0.10% Unchanged
44 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 2,000,0002.0m $1.4m $1.4m 0.00% Unchanged
45 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,832,0001.8m $1.2m $1.2m 0.00% Unchanged
46 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,275,0001.3m $790.7k $790.7k 0.00% Reduced -3.3m -3,300,000
47 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 1,195,0001.2m $741.1k $741.1k 0.00% Reduced -10.0k -10,000
48 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,130,0001.1m $721.8k $721.8k 0.00% Unchanged
49 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,044,0001.0m $647.9k $647.9k 0.00% New
50 Murchinson Ltd. 0.13% of their portfolio TORONTO, A6 1,000,0001.0m $610.0k $610.0k 0.13% Unchanged
51 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 660,000660.0k $409.3k $409.3k 0.00% Added +390.0k +390,000
52 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 522,000522.0k $329.7k $329.7k 0.01% Reduced -27.0k -27,000
53 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 400,000400.0k $253.2k $253.2k 0.00% Unchanged
54 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 400,000400.0k $249.1k $249.1k 0.00% Unchanged
55 Fox Hill Wealth Management 0.03% of their portfolio DEDHAM, MA 89,00089.0k $55.4k $55.4k 0.03% Unchanged
56 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 85,00085.0k $52.7k $52.7k 0.00% Reduced -540.0k -540,000
57 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 82,00082.0k $50.9k $50.9k 0.00% Unchanged
58 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 75,00075.0k $47.0k $47.0k 0.00% Unchanged
59 UBS Group AG 0.00% of their portfolio ZURICH, V8 50,67050.7k $31.4k $31.4k 0.00% Reduced -330 -330
60 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 45,00045.0k $28.0k $28.0k 0.00% Added +1.0k +1,000
61 Seelaus Asset Management LLC 0.03% of their portfolio CHATHAM, NJ 45,00045.0k $28.0k $28.0k 0.03% Unchanged
62 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 25,00025.0k $15.5k $15.5k 0.00% Unchanged
63 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 25,00025.0k $15.5k $15.5k 0.00% Unchanged
64 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 25,00025.0k $15.9k $15.9k 0.00% Reduced -200.0k -200,000
65 Iron Horse Wealth Management, LLC 0.01% of their portfolio JOHSTON, IA 24,00024.0k $14.9k $14.9k 0.01% Unchanged
66 ADVENT CAPITAL MANAGEMENT /DE/ 0.00% of their portfolio NEW YORK, NY 21,00021.0k $13.4k $13.4k 0.00% New
67 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 14,00014.0k $8.8k $8.8k 0.00% Unchanged
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 $7.0k $7.0k 0.00% Unchanged
70 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,0006.0k $3.7k $3.7k 0.00% Reduced -12.0k -12,000
71 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,0003.0k $1.9k $1.9k 0.00% Unchanged
72 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,0001.0k $1.0k $1.0k 0.00% Unchanged
73 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 33 $1.9k $1.9k 0.00% Unchanged
74 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged