Vault-13

DISH NETWORK CORPORATION DISH 2.375 03.15.24

NOTE 2.375% 3/1 · US DOMESTIC · CUSIP 25470MAD1

48 institutional holders -8 vs Q1 2023
85,889,59685.9m shares reported held*
$775.1mreported value*
11 new 15 added 10 reduced 18 sold out net sold ≈ $160.4m (-14.9m 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 ≈ $9.02. Options: 0 managers hold calls (— notional), 1 hold puts ($13.4m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 50Q4 22: 54Q1 23: 56Q2 23: 4848Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202250
Q4 202254
Q1 202356
Q2 202348

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 20 bought or addedQ4 22: 20 cut or sold outQ4 22Q1 23: 21 bought or addedQ1 23: 25 cut or sold outQ1 23Q2 23: 26 bought or addedQ2 23: 28 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222020
Q1 20232125
Q2 20232628

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: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $13.4mQ2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$13.4m—

Biggest buyers

Apollo Management Holdings, L.P. New +45,225,000+45.2m
Bracebridge Capital, LLC New +35,000,000+35.0m
HIGHBRIDGE CAPITAL MANAGEMENT LLC New +25,000,000+25.0m
JPMORGAN CHASE & CO Added +20,974,000+21.0m
BOOTHBAY FUND MANAGEMENT, LLC New +14,177,000+14.2m
CARRONADE CAPITAL MANAGEMENT, LP Added +11,500,000+11.5m
III Capital Management New +9,000,000+9.0m
MOORE CAPITAL MANAGEMENT, LP Added +8,000,000+8.0m
Western Asset Management Company, LLC Added +4,970,000+5.0m
Point72 Asset Management, L.P. Added +4,875,000+4.9m

Biggest sellers

FMR LLC Reduced -206,712,000-206.7m
Radcliffe Capital Management, L.P. Sold out -38,260,000-38.3m
Balyasny Asset Management L.P. Sold out -19,795,000-19.8m
FRANKLIN RESOURCES INC Reduced -17,000,000-17.0m
Shaolin Capital Management LLC Sold out -13,750,000-13.8m
AGF MANAGEMENT LTD Sold out -11,700,000-11.7m
TD Asset Management Inc Sold out -10,280,000-10.3m
Parallax Volatility Advisers, L.P. Sold out -10,000,000-10.0m
NEUBERGER BERMAN GROUP LLC Reduced -7,890,000-7.9m
WOLVERINE ASSET MANAGEMENT LLC Sold out -7,700,000-7.7m

Biggest calls

None

Biggest puts

Shaolin Capital Management LLC New $13.4m15.0m 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.01% of their portfolio BOSTON, MA 154,534,000154.5m $137.0m $137.0m 0.01% Reduced -206.7m -206,712,000
2 MacKay Shields LLC 2.22% of their portfolio New York, NY 89,254,00089.3m $79.4m $79.4m 2.22% Added +500.0k +500,000
3 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 69,598,00069.6m $62.0m $62.0m 0.01% Added +21.0m +20,974,000
4 CANADA PENSION PLAN INVESTMENT BOARD 0.09% of their portfolio TORONTO ONTARIO, A6 69,593,00069.6m $62.0m $62.0m 0.09% Added +2.8m +2,780,000
5 Western Asset Management Company, LLC 18.75% of their portfolio Pasadena, CA 47,057,00047.1m $41.9m $41.9m 18.75% Added +5.0m +4,970,000
6 Apollo Management Holdings, L.P. 0.41% of their portfolio New York, NY 45,225,00045.2m $39.5m $39.5m 0.41% New
7 CARRONADE CAPITAL MANAGEMENT, LP 16.00% of their portfolio DARIEN, CT 45,000,00045.0m $40.0m $40.0m 16.00% Added +11.5m +11,500,000
8 Bracebridge Capital, LLC 24.85% of their portfolio BOSTON, MA 35,000,00035.0m $31.2m $31.2m 24.85% New
9 MSD Partners, L.P. 2.76% of their portfolio NEW YORK, NY 34,000,00034.0m $29.9m $29.9m 2.76% Reduced -3.0m -3,000,000
10 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 33,000,00033.0m $29.4m $29.4m 0.01% Reduced -17.0m -17,000,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 26,111,00026.1m $23.4m $23.4m 0.00% Added +4.7m +4,650,000
12 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.30% of their portfolio NEW YORK, NY 25,000,00025.0m $22.3m $22.3m 1.30% New
13 Point72 Asset Management, L.P. 0.07% of their portfolio STAMFORD, CT 23,875,00023.9m $21.4m $21.4m 0.07% Added +4.9m +4,875,000
14 MOORE CAPITAL MANAGEMENT, LP 0.50% of their portfolio NEW YORK, NY 23,000,00023.0m $20.5m $20.5m 0.50% Added +8.0m +8,000,000
15 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 17,094,00017.1m $15.2m $15.2m 0.01% Added +300.0k +300,000
16 SHENKMAN CAPITAL MANAGEMENT INC 1.16% of their portfolio NEW YORK, NY 16,625,00016.6m $14.9m $14.9m 1.16% Added +3.0m +3,022,000
17 BOOTHBAY FUND MANAGEMENT, LLC 0.39% of their portfolio NEW YORK, NY 14,177,00014.2m $12.6m $12.6m 0.39% New
18 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 12,950,00012.9m $11.5m $11.5m 0.01% Added +519.0k +519,000
19 Boundary Creek Advisors LP 5.08% of their portfolio TUCKAHOE, NY 12,000,00012.0m $10.7m $10.7m 5.08% Unchanged
20 III Capital Management 0.63% of their portfolio BOCA RATON, FL 9,000,0009.0m $8.0m $8.0m 0.63% New
21 P SCHOENFELD ASSET MANAGEMENT LP 1.01% of their portfolio NEW YORK, NY 8,530,0008.5m $7.4m $7.4m 1.01% Reduced -5.0m -5,000,000
22 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 7,810,0007.8m $7.0m $7.0m 0.04% Added +2.0m +1,955,000
23 BlackRock Inc. 0.00% of their portfolio New York, NY 5,735,0005.7m $5.1m $5.1m 0.00% Reduced -100.0k -100,000
24 OAKTREE CAPITAL MANAGEMENT LP 0.06% of their portfolio LOS ANGELES, CA 5,250,0005.2m $4.7m $4.7m 0.06% Unchanged
25 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 5,000,0005.0m $4.5m $4.5m 0.01% Unchanged
26 Benefit Street Partners LLC 10.55% of their portfolio NEW YORK, NY 3,700,0003.7m $3.2m $3.2m 10.55% Added +1.7m +1,700,000
27 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 3,500,0003.5m $3.1m $3.1m 0.00% Reduced -1.0m -1,000,000
28 Ionic Capital Management LLC 1.10% of their portfolio NEW YORK, NY 3,050,0003.0m $2.7m $2.7m 1.10% Reduced -1.9m -1,950,000
29 CSS LLC/IL 0.21% of their portfolio CHICAGO, IL 3,000,0003.0m $2.7m $2.7m 0.21% New
30 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 2,495,0002.5m $2.2m $2.2m 0.00% New
31 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2,320,0002.3m $2.1m $2.1m 0.00% Added +210.0k +210,000
32 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.24% of their portfolio Miamisburg, OH 2,000,0002.0m $1.8m $1.8m 0.24% Unchanged
33 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 1,293,5961.3m $8.5m $8.5m 0.01% Reduced -3.6k -3,649
34 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 1,275,0001.3m $1.1m $1.1m 0.00% Reduced -7.9m -7,890,000
35 Carmel Capital Partners, LLC 0.40% of their portfolio SAN DIEGO, CA 872,000872.0k $772.8k $772.8k 0.40% Unchanged
36 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 625,000625.0k $553.9k $553.9k 0.00% Unchanged
37 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 465,000465.0k $412.1k $412.1k 0.00% Added +10.0k +10,000
38 ZAZOVE ASSOCIATES LLC 0.03% of their portfolio INCLINE VILLAGE, NV 323,000323.0k $288.0k $288.0k 0.03% Unchanged
39 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 315,000315.0k $280.6k $280.6k 0.00% Unchanged
40 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 265,000265.0k $234.5k $234.5k 0.00% Reduced -18.0k -18,000
41 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 255,000255.0k $227.3k $227.3k 0.00% New
42 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 225,000225.0k $202.1k $202.1k 0.00% Unchanged
43 Claret Asset Management Corp 0.03% of their portfolio MONTREAL, A8 150,000150.0k $133.0k $133.0k 0.03% New
44 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 22,00022.0k $19.5k $19.5k 0.00% Unchanged
45 Prospera Financial Services Inc 0.00% of their portfolio Dallas, TX 15,00015.0k $13.3k $13.3k 0.00% Unchanged
46 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.00% of their portfolio CONCORD, MA 10,00010.0k $8.9k $8.9k 0.00% New
47 Context Capital Management, LLC 0.28% of their portfolio LAJOLLA, CA 3,4253.4k $3.0m $3.0m 0.28% New
48 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged