Vault-13

DISH NETWORK CORPORATION DISH 0 12.15.25

NOTE 12/1 · US DOMESTIC · CUSIP 25470MAF6

74 institutional holders +10 vs Q2 2023
40,181,61640.2m shares reported held*
$1.2bnreported value*
15 new 13 added 32 reduced 5 sold out net bought ≈ $163.9m (+18.9m 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 ($2.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $31.08.

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 75Q4 22: 72Q1 23: 67Q2 23: 64Q3 23: 7474Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202275
Q4 202272
Q1 202367
Q2 202364
Q3 202374

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 26 bought or addedQ4 22: 32 cut or sold outQ4 22Q1 23: 31 bought or addedQ1 23: 39 cut or sold outQ1 23Q2 23: 23 bought or addedQ2 23: 38 cut or sold outQ2 23Q3 23: 28 bought or addedQ3 23: 37 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222632
Q1 20233139
Q2 20232338
Q3 20232837

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $103.6mQ2 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$103.6m—
Q3 2023$0$0—

Biggest buyers

Shaolin Capital Management LLC New +190,000,000+190.0m
ADVENT CAPITAL MANAGEMENT /DE/ New +110,354,000+110.4m
Hudson Bay Capital Management LP Added +54,854,000+54.9m
REDWOOD CAPITAL MANAGEMENT, LLC Added +40,815,000+40.8m
Apollo Management Holdings, L.P. New +34,482,000+34.5m
Rokos Capital Management LLP New +30,000,000+30.0m
BlackRock Inc. Added +26,825,000+26.8m
ARISTEIA CAPITAL, L.L.C. New +23,500,000+23.5m
SOROS FUND MANAGEMENT LLC Added +23,500,000+23.5m
JPMORGAN CHASE & CO Added +19,875,000+19.9m

Biggest sellers

CITADEL ADVISORS LLC Reduced -57,200,000-57.2m
Boundary Creek Advisors LP Reduced -50,000,000-50.0m
III Capital Management Reduced -34,500,000-34.5m
Sculptor Capital LP Reduced -29,200,000-29.2m
WHITEBOX ADVISORS LLC Reduced -23,500,000-23.5m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -22,500,000-22.5m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -20,500,000-20.5m
LMR Partners LLP Reduced -20,000,000-20.0m
TWO SIGMA INVESTMENTS, LP Reduced -18,365,000-18.4m
Aequim Alternative Investments LP Reduced -15,500,000-15.5m

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Shaolin Capital Management LLC 4.60% of their portfolio Miami, FL 190,000,000190.0m $127.8m $127.8m 4.60% New
2 SOROS FUND MANAGEMENT LLC 1.85% of their portfolio NEW YORK, NY 134,150,000134.2m $90.7m $90.7m 1.85% Added +23.5m +23,500,000
3 VOYA INVESTMENT MANAGEMENT LLC 0.10% of their portfolio ATLANTA, GA 131,425,000131.4m $88.4m $88.4m 0.10% Added +600.0k +600,000
4 ADVENT CAPITAL MANAGEMENT /DE/ 1.74% of their portfolio NEW YORK, NY 110,354,000110.4m $74.2m $74.2m 1.74% New
5 Diameter Capital Partners LP 26.58% of their portfolio New York, NY 104,407,000104.4m $70.4m $70.4m 26.58% Added +11.5m +11,500,000
6 Calamos Advisors LLC 0.32% of their portfolio NAPERVILLE, IL 86,823,00086.8m $58.6m $58.6m 0.32% Reduced -6.5m -6,471,000
7 TWO SIGMA INVESTMENTS, LP 0.13% of their portfolio NEW YORK, NY 72,164,00072.2m $48.2m $48.2m 0.13% Reduced -18.4m -18,365,000
8 Hudson Bay Capital Management LP 0.22% of their portfolio STAMFORD, CT 67,354,00067.4m $45.2m $45.2m 0.22% Added +54.9m +54,854,000
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 56,176,00056.2m $38.0m $38.0m 0.00% Added +19.9m +19,875,000
10 Aequim Alternative Investments LP 1.33% of their portfolio MILL VALLEY, CA 52,000,00052.0m $35.0m $35.0m 1.33% Reduced -15.5m -15,500,000
11 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 51,879,00051.9m $34.6m $34.6m 0.01% Unchanged
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 51,305,00051.3m $34.5m $34.5m 0.00% Reduced -500.0k -500,000
13 REDWOOD CAPITAL MANAGEMENT, LLC 6.01% of their portfolio New York, NY 47,815,00047.8m $32.0m $32.0m 6.01% Added +40.8m +40,815,000
14 FMR LLC 0.00% of their portfolio BOSTON, MA 41,790,00041.8m $27.9m $27.9m 0.00% Added +8.9m +8,885,000
15 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.48% of their portfolio CHICAGO, IL 40,000,00040.0m $27.0m $27.0m 0.48% Reduced -10.0m -10,000,000
16 BlackRock Inc. 0.00% of their portfolio New York, NY 38,160,00038.2m $25.5m $25.5m 0.00% Added +26.8m +26,825,000
17 Western Asset Management Company, LLC 11.40% of their portfolio Pasadena, CA 37,233,00037.2m $25.0m $25.0m 11.40% Reduced -6.2m -6,250,000
18 WHITEBOX ADVISORS LLC 1.18% of their portfolio MINNEAPOLIS, MN 35,916,00035.9m $24.0m $24.0m 1.18% Reduced -23.5m -23,500,000
19 Apollo Management Holdings, L.P. 0.25% of their portfolio New York, NY 34,482,00034.5m $23.1m $23.1m 0.25% New
20 Rokos Capital Management LLP 0.74% of their portfolio LONDON, X0 30,000,00030.0m $20.2m $20.2m 0.74% New
21 Boundary Creek Advisors LP 11.55% of their portfolio TUCKAHOE, NY 27,900,00027.9m $18.7m $18.7m 11.55% Reduced -50.0m -50,000,000
22 Sculptor Capital LP 0.42% of their portfolio New York, NY 25,333,00025.3m $17.1m $17.1m 0.42% Reduced -29.2m -29,200,000
23 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 24,215,00024.2m $16.2m $16.2m 0.00% Reduced -2.3m -2,285,000
24 ARISTEIA CAPITAL, L.L.C. 0.65% of their portfolio GREENWICH, CT 23,500,00023.5m $15.8m $15.8m 0.65% New
25 TENOR CAPITAL MANAGEMENT Co., L.P. 0.32% of their portfolio NEW YORK, NY 22,500,00022.5m $15.2m $15.2m 0.32% Reduced -5.0m -5,000,000
26 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.74% of their portfolio NEW YORK, NY 19,500,00019.5m $13.2m $13.2m 0.74% Reduced -20.5m -20,500,000
27 OAKTREE CAPITAL MANAGEMENT LP 0.19% of their portfolio LOS ANGELES, CA 18,995,00019.0m $12.8m $12.8m 0.19% Unchanged
28 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 18,000,00018.0m $12.1m $12.1m 0.04% Unchanged
29 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 17,300,00017.3m $11.6m $11.6m 0.01% Reduced -57.2m -57,200,000
30 Fort Baker Capital Management LP 1.05% of their portfolio Larkspur, CA 15,782,00015.8m $10.6m $10.6m 1.05% Added +11.3m +11,282,000
31 CAMDEN ASSET MANAGEMENT L P /CA 0.38% of their portfolio Los Angeles, CA 15,275,00015.3m $10.2m $10.2m 0.38% Reduced -22.5m -22,500,000
32 CANYON CAPITAL ADVISORS LLC 0.99% of their portfolio DALLAS, TX 15,000,00015.0m $10.0m $10.0m 0.99% New
33 CAPSTONE INVESTMENT ADVISORS, LLC 0.27% of their portfolio NEW YORK, NY 15,000,00015.0m $10.1m $10.1m 0.27% Reduced -10.0m -10,000,000
34 EdgePoint Investment Group Inc. 0.09% of their portfolio TORONTO, A6 14,000,00014.0m $9.5m $9.5m 0.09% Unchanged
35 Lombard Odier Asset Management (USA) Corp 1.50% of their portfolio New York, NY 13,000,00013.0m $8.8m $8.8m 1.50% Unchanged
36 FIR TREE CAPITAL MANAGEMENT LP 0.95% of their portfolio New York, NY 12,540,00012.5m $8.4m $8.4m 0.95% Reduced -1.5m -1,460,000
37 III Capital Management 0.49% of their portfolio BOCA RATON, FL 12,000,00012.0m $8.1m $8.1m 0.49% Reduced -34.5m -34,500,000
38 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 11,663,00011.7m $7.8m $7.8m 0.01% New
39 SSI INVESTMENT MANAGEMENT LLC 0.56% of their portfolio Los Angeles, CA 10,272,00010.3m $6.9m $6.9m 0.56% New
40 LMR Partners LLP 0.15% of their portfolio LONDON, X0 10,000,00010.0m $6.7m $6.7m 0.15% Reduced -20.0m -20,000,000
41 DeepCurrents Investment Group LLC 0.30% of their portfolio NEW YORK, NY 9,573,0009.6m $6.4m $6.4m 0.30% Reduced -8.4m -8,427,000
42 SHENKMAN CAPITAL MANAGEMENT INC 0.42% of their portfolio NEW YORK, NY 8,292,0008.3m $5.6m $5.6m 0.42% New
43 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,840,0006.8m $4.6m $4.6m 0.00% Added +303.0k +303,000
44 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 5,091,0005.1m $3.4m $3.4m 0.01% Reduced -397.0k -397,000
45 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 4,500,0004.5m $3.0m $3.0m 0.00% Added +500.0k +500,000
46 Silver Rock Financial LP 18.40% of their portfolio Los Angeles, CA 4,500,0004.5m $3.0m $3.0m 18.40% New
47 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.39% of their portfolio Miamisburg, OH 4,000,0004.0m $2.7m $2.7m 0.39% Unchanged
48 Hiddenite Capital Partners LP 3.74% of their portfolio NEW YORK, NY 4,000,0004.0m $2.7m $2.7m 3.74% Reduced -1.0m -1,000,000
49 GABELLI FUNDS LLC 0.02% of their portfolio Rye, NY 3,000,0003.0m $2.0m $2.0m 0.02% Reduced -3.6m -3,600,000
50 CI INVESTMENTS INC. 0.01% of their portfolio TORONTO, Z4 2,710,0002.7m $1.8m $1.8m 0.01% Reduced -615.0k -615,000
51 Anson Funds Management LP 0.50% of their portfolio DALLAS, TX 2,500,0002.5m $1.7m $1.7m 0.50% Unchanged
52 LOOMIS SAYLES & CO L P 0.02% of their portfolio BOSTON, MA 2,435,6162.4m $14.3m $14.3m 0.02% Reduced -66.4k -66,401
53 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 2,000,0002.0m $1.3m $1.3m 0.00% Reduced -15.0m -15,000,000
54 LONESTAR CAPITAL MANAGEMENT LLC 0.87% of their portfolio San Francisco, CA 2,000,0002.0m $1.3m $1.3m 0.87% New
55 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 1,800,0001.8m $1.3m $1.3m 0.00% Unchanged
56 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,505,0001.5m $1.0m $1.0m 0.00% Added +91.0k +91,000
57 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,265,0001.3m $853.3k $853.3k 0.00% Reduced -10.3m -10,289,000
58 BlueCrest Capital Management Ltd 0.12% of their portfolio ST HELIER, Y9 1,100,0001.1m $742.0k $742.0k 0.12% Reduced -1.5m -1,500,000
59 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,075,0001.1m $717.6k $717.6k 0.00% Unchanged
60 CSS LLC/IL 0.06% of their portfolio CHICAGO, IL 1,000,0001.0m $672.8k $672.8k 0.06% Reduced -1.5m -1,500,000
61 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 750,000750.0k $507.0k $507.0k 0.00% Unchanged
62 Teton Advisors, Inc. 0.15% of their portfolio Rye, NY 700,000700.0k $472.2k $472.2k 0.15% Unchanged
63 Calamos Wealth Management LLC 0.03% of their portfolio NAPERVILLE, IL 667,000667.0k $449.9k $449.9k 0.03% Reduced -41.0k -41,000
64 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 600,000600.0k $404.7k $404.7k 0.01% Added +431.0k +431,000
65 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 207,000207.0k $138.2k $138.2k 0.00% New
66 Oaktree Fund Advisors, LLC 0.07% of their portfolio LOS ANGLES, CA 110,000110.0k $74.0k $74.0k 0.07% Unchanged
67 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 60,00060.0k $40.4k $40.4k 0.00% New
68 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 40,00040.0k $26.7k $26.7k 0.00% Unchanged
69 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 31,00031.0k $20.7k $20.7k 0.00% Reduced -279.0k -279,000
70 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 25,92025.9k $1.7m $1.7m 0.02% New
71 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 24,00024.0k $16.0k $16.0k 0.00% New
72 Context Capital Management, LLC 0.32% of their portfolio LAJOLLA, CA 5,8625.9k $3.9m $3.9m 0.32% Reduced -4.6k -4,638
73 Verition Fund Management LLC 0.03% of their portfolio GREENWICH, CT 3,1033.1k $2.1m $2.1m 0.03% Reduced -2.7k -2,735
74 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged