Vault-13

DISH NETWORK CORPORATION DISH 2.375 03.15.24

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

54 institutional holders +6 vs Q2 2023
113,062,055113.1m shares reported held*
$5.1bnreported value*
17 new 8 added 15 reduced 12 sold out net sold ≈ $41.8m (-16.8m 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 ($2.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $44.72.

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 50Q4 22: 54Q1 23: 56Q2 23: 48Q3 23: 5454Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202250
Q4 202254
Q1 202356
Q2 202348
Q3 202354

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 23Q3 23: 25 bought or addedQ3 23: 27 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222020
Q1 20232125
Q2 20232628
Q3 20232527

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ4 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 —Q3 23 calls: $0Q3 23 puts: $0Q3 23P/C —
Numbers
QuarterCallsPutsP/C
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$13.4m—
Q3 2023$0$0—

Biggest buyers

ARISTEIA CAPITAL, L.L.C. New +65,907,000+65.9m
MSD Partners, L.P. Added +12,000,000+12.0m
JPMORGAN CHASE & CO Added +9,312,000+9.3m
P SCHOENFELD ASSET MANAGEMENT LP New +8,530,000+8.5m
DeepCurrents Investment Group LLC New +8,300,000+8.3m
Magnetar Financial LLC New +6,695,000+6.7m
SSI INVESTMENT MANAGEMENT LLC New +6,043,000+6.0m
Bracebridge Capital, LLC Added +5,225,000+5.2m
Benefit Street Partners LLC New +3,700,000+3.7m
MORGAN STANLEY Added +3,000,000+3.0m

Biggest sellers

Apollo Management Holdings, L.P. Sold out -45,225,000-45.2m
MOORE CAPITAL MANAGEMENT, LP Sold out -23,000,000-23.0m
CARRONADE CAPITAL MANAGEMENT, LP Reduced -20,000,000-20.0m
FMR LLC Reduced -15,445,000-15.4m
Point72 Asset Management, L.P. Reduced -13,000,000-13.0m
III Capital Management Sold out -9,000,000-9.0m
P SCHOENFELD ASSET MANAGEMENT LP Sold out -8,530,000-8.5m
FRANKLIN RESOURCES INC Reduced -8,000,000-8.0m
Boundary Creek Advisors LP Reduced -6,250,000-6.2m
DEUTSCHE BANK AG\ Reduced -6,066,000-6.1m

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.01% of their portfolio BOSTON, MA 139,089,000139.1m $133.5m $133.5m 0.01% Reduced -15.4m -15,445,000
2 MacKay Shields LLC 2.50% of their portfolio New York, NY 89,354,00089.4m $90.9m $90.9m 2.50% Added +100.0k +100,000
3 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 78,910,00078.9m $76.3m $76.3m 0.01% Added +9.3m +9,312,000
4 CANADA PENSION PLAN INVESTMENT BOARD 0.10% of their portfolio TORONTO ONTARIO, A6 69,593,00069.6m $66.9m $66.9m 0.10% Unchanged
5 ARISTEIA CAPITAL, L.L.C. 2.61% of their portfolio GREENWICH, CT 65,907,00065.9m $63.5m $63.5m 2.61% New
6 Western Asset Management Company, LLC 20.58% of their portfolio Pasadena, CA 46,907,00046.9m $45.2m $45.2m 20.58% Reduced -150.0k -150,000
7 MSD Partners, L.P. 3.56% of their portfolio NEW YORK, NY 46,000,00046.0m $44.1m $44.1m 3.56% Added +12.0m +12,000,000
8 Trium Capital LLP 77.77% of their portfolio LONDON, X0 44,000,00044.0m $4.3bn $4.3bn 77.77% Not comparable
9 Bracebridge Capital, LLC 34.61% of their portfolio BOSTON, MA 40,225,00040.2m $38.7m $38.7m 34.61% Added +5.2m +5,225,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 28,411,00028.4m $27.3m $27.3m 0.00% Added +2.3m +2,300,000
11 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 25,000,00025.0m $24.1m $24.1m 0.01% Reduced -8.0m -8,000,000
12 CARRONADE CAPITAL MANAGEMENT, LP 9.33% of their portfolio DARIEN, CT 25,000,00025.0m $23.9m $23.9m 9.33% Reduced -20.0m -20,000,000
13 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.09% of their portfolio NEW YORK, NY 20,000,00020.0m $19.3m $19.3m 1.09% Reduced -5.0m -5,000,000
14 SHENKMAN CAPITAL MANAGEMENT INC 1.35% of their portfolio NEW YORK, NY 18,660,00018.7m $18.0m $18.0m 1.35% Added +2.0m +2,035,000
15 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 17,094,00017.1m $16.4m $16.4m 0.01% Unchanged
16 BOOTHBAY FUND MANAGEMENT, LLC 0.37% of their portfolio NEW YORK, NY 12,085,00012.1m $11.6m $11.6m 0.37% Reduced -2.1m -2,092,000
17 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 10,875,00010.9m $10.5m $10.5m 0.04% Reduced -13.0m -13,000,000
18 P SCHOENFELD ASSET MANAGEMENT LP 1.04% of their portfolio NEW YORK, NY 8,530,0008.5m $8.2m $8.2m 1.04% New
19 DeepCurrents Investment Group LLC 0.37% of their portfolio NEW YORK, NY 8,300,0008.3m $8.0m $8.0m 0.37% New
20 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 6,884,0006.9m $6.6m $6.6m 0.00% Reduced -6.1m -6,066,000
21 Magnetar Financial LLC 0.16% of their portfolio EVANSTON, IL 6,695,0006.7m $6.4m $6.4m 0.16% New
22 BlackRock Inc. 0.00% of their portfolio New York, NY 6,660,0006.7m $6.4m $6.4m 0.00% Added +925.0k +925,000
23 SSI INVESTMENT MANAGEMENT LLC 0.47% of their portfolio Los Angeles, CA 6,043,0006.0m $5.8m $5.8m 0.47% New
24 Boundary Creek Advisors LP 3.40% of their portfolio TUCKAHOE, NY 5,750,0005.8m $5.5m $5.5m 3.40% Reduced -6.2m -6,250,000
25 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 5,000,0005.0m $4.8m $4.8m 0.01% Unchanged
26 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 4,881,0004.9m $4.7m $4.7m 0.03% Reduced -2.9m -2,929,000
27 Benefit Street Partners LLC 17.88% of their portfolio NEW YORK, NY 3,700,0003.7m $3.5m $3.5m 17.88% New
28 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,265,0003.3m $3.1m $3.1m 0.00% Added +3.0m +3,000,000
29 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 3,000,0003.0m $2.9m $2.9m 0.00% Reduced -500.0k -500,000
30 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 2,488,0002.5m $2.4m $2.4m 0.00% Reduced -7.0k -7,000
31 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2,320,0002.3m $2.2m $2.2m 0.00% Unchanged
32 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.28% of their portfolio Miamisburg, OH 2,000,0002.0m $1.9m $1.9m 0.28% Unchanged
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,797,0001.8m $1.7m $1.7m 0.00% New
34 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 1,277,0551.3m $7.5m $7.5m 0.01% Reduced -16.5k -16,541
35 EDMOND DE ROTHSCHILD HOLDING S.A. 0.02% of their portfolio CHAMBESY, V8 1,270,0001.3m $1.2m $1.2m 0.02% New
36 CSS LLC/IL 0.09% of their portfolio CHICAGO, IL 1,100,0001.1m $1.1m $1.1m 0.09% Reduced -1.9m -1,900,000
37 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 635,000635.0k $610.2k $610.2k 0.00% Reduced -640.0k -640,000
38 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 625,000625.0k $600.0k $600.0k 0.00% Unchanged
39 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 465,000465.0k $446.4k $446.4k 0.00% Unchanged
40 ZAZOVE ASSOCIATES LLC 0.03% of their portfolio INCLINE VILLAGE, NV 323,000323.0k $311.0k $311.0k 0.03% Unchanged
41 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 315,000315.0k $302.7k $302.7k 0.00% Unchanged
42 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 225,000225.0k $217.2k $217.2k 0.00% Unchanged
43 Claret Asset Management Corp 0.03% of their portfolio MONTREAL, A8 150,000150.0k $145.0k $145.0k 0.03% New
44 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 95,00095.0k $91.2k $91.2k 0.00% New
45 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 40,00040.0k $38.5k $38.5k 0.00% New
46 Private Portfolio Partners LLC 0.01% of their portfolio PARAMUS, NJ 25,00025.0k $24.0k $24.0k 0.01% New
47 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 22,00022.0k $21.1k $21.1k 0.00% Unchanged
48 Dynamic Advisor Solutions LLC 0.00% of their portfolio PHOENIX, AZ 20,00020.0k $19.2k $19.2k 0.00% New
49 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 17,00017.0k $16.4k $16.4k 0.00% New
50 WEDBUSH SECURITIES INC 0.08% of their portfolio PASADENA, CA 16,00016.0k $1.5m $1.5m 0.08% New
51 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 15,00015.0k $14.4k $14.4k 0.00% New
52 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.00% of their portfolio CONCORD, MA 10,00010.0k $9.6k $9.6k 0.00% Unchanged
53 Verition Fund Management LLC 0.03% of their portfolio GREENWICH, CT 2,6192.6k $2.5m $2.5m 0.03% New
54 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged