Vault-13

DISH NETWORK CORPORATION DISH 0 12.15.25

NOTE 12/1 · US DOMESTIC · CUSIP 25470MAF6

66 institutional holders -8 vs Q3 2023
27,360,27527.4m shares reported held*
$1.2bnreported value*
11 new 23 added 16 reduced 19 sold out net bought ≈ $13.8m (-12.8m 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 ($1.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $43.83.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 75Q4 22: 72Q1 23: 67Q2 23: 64Q3 23: 74Q4 23: 6666Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202275
Q4 202272
Q1 202367
Q2 202364
Q3 202374
Q4 202366

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 23Q4 23: 34 bought or addedQ4 23: 35 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222632
Q1 20233139
Q2 20232338
Q3 20232837
Q4 20233435

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ1 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 —Q4 23 calls: $0Q4 23 puts: $0Q4 23P/C —
Numbers
QuarterCallsPutsP/C
Q1 2023$0$0—
Q2 2023$0$103.6m—
Q3 2023$0$0—
Q4 2023$0$0—

Biggest buyers

FMR LLC Added +62,057,000+62.1m
REDWOOD CAPITAL MANAGEMENT, LLC Added +60,907,000+60.9m
JPMORGAN CHASE & CO Added +52,728,000+52.7m
Nut Tree Capital Management, LP New +27,416,000+27.4m
D. E. Shaw & Co., Inc. New +18,336,000+18.3m
Boundary Creek Advisors LP Added +14,947,000+14.9m
Diameter Capital Partners LP Added +14,110,000+14.1m
Shaolin Capital Management LLC Added +12,000,000+12.0m
Silver Rock Financial LP Added +9,000,000+9.0m
MOORE CAPITAL MANAGEMENT, LP New +9,000,000+9.0m

Biggest sellers

ADVENT CAPITAL MANAGEMENT /DE/ Sold out -110,354,000-110.4m
WHITEBOX ADVISORS LLC Sold out -35,916,000-35.9m
Apollo Management Holdings, L.P. Sold out -34,482,000-34.5m
Sculptor Capital LP Reduced -18,600,000-18.6m
Hudson Bay Capital Management LP Reduced -17,677,000-17.7m
FIR TREE CAPITAL MANAGEMENT LP Sold out -12,540,000-12.5m
Rokos Capital Management LLP Reduced -12,335,000-12.3m
NEW YORK STATE COMMON RETIREMENT FUND Sold out -11,663,000-11.7m
SSI INVESTMENT MANAGEMENT LLC Sold out -10,272,000-10.3m
LMR Partners LLP Sold out -10,000,000-10.0m

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Shaolin Capital Management LLC 4.44% of their portfolio Miami, FL 202,000,000202.0m $126.6m $126.6m 4.44% Added +12.0m +12,000,000
2 SOROS FUND MANAGEMENT LLC 1.70% of their portfolio NEW YORK, NY 142,650,000142.7m $89.8m $89.8m 1.70% Added +8.5m +8,500,000
3 VOYA INVESTMENT MANAGEMENT LLC 0.08% of their portfolio ATLANTA, GA 131,425,000131.4m $82.1m $82.1m 0.08% Unchanged
4 Diameter Capital Partners LP 18.30% of their portfolio New York, NY 118,517,000118.5m $74.2m $74.2m 18.30% Added +14.1m +14,110,000
5 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 108,904,000108.9m $68.0m $68.0m 0.00% Added +52.7m +52,728,000
6 REDWOOD CAPITAL MANAGEMENT, LLC 12.15% of their portfolio New York, NY 108,722,000108.7m $67.1m $67.1m 12.15% Added +60.9m +60,907,000
7 FMR LLC 0.00% of their portfolio BOSTON, MA 103,847,000103.8m $64.4m $64.4m 0.00% Added +62.1m +62,057,000
8 Calamos Advisors LLC 0.26% of their portfolio NAPERVILLE, IL 81,221,00081.2m $50.9m $50.9m 0.26% Reduced -5.6m -5,602,000
9 TWO SIGMA INVESTMENTS, LP 0.10% of their portfolio NEW YORK, NY 68,964,00069.0m $42.8m $42.8m 0.10% Reduced -3.2m -3,200,000
10 Aequim Alternative Investments LP 1.49% of their portfolio MILL VALLEY, CA 60,000,00060.0m $37.5m $37.5m 1.49% Added +8.0m +8,000,000
11 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 51,248,00051.2m $31.8m $31.8m 0.01% Reduced -631.0k -631,000
12 Hudson Bay Capital Management LP 0.27% of their portfolio STAMFORD, CT 49,677,00049.7m $30.7m $30.7m 0.27% Reduced -17.7m -17,677,000
13 Boundary Creek Advisors LP 17.32% of their portfolio TUCKAHOE, NY 42,847,00042.8m $26.8m $26.8m 17.32% Added +14.9m +14,947,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 41,980,00042.0m $26.2m $26.2m 0.00% Reduced -9.3m -9,325,000
15 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.79% of their portfolio CHICAGO, IL 40,000,00040.0m $24.9m $24.9m 0.79% Unchanged
16 BlackRock Inc. 0.00% of their portfolio New York, NY 38,935,00038.9m $24.1m $24.1m 0.00% Added +775.0k +775,000
17 Western Asset Management Company, LLC 15.63% of their portfolio Pasadena, CA 38,033,00038.0m $23.8m $23.8m 15.63% Added +800.0k +800,000
18 Nut Tree Capital Management, LP 5.56% of their portfolio NEW YORK, NY 27,416,00027.4m $17.1m $17.1m 5.56% New
19 ARISTEIA CAPITAL, L.L.C. 0.62% of their portfolio GREENWICH, CT 24,137,00024.1m $15.1m $15.1m 0.62% Added +637.0k +637,000
20 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 23,215,00023.2m $14.4m $14.4m 0.00% Reduced -1.0m -1,000,000
21 TENOR CAPITAL MANAGEMENT Co., L.P. 0.25% of their portfolio NEW YORK, NY 22,500,00022.5m $14.2m $14.2m 0.25% Unchanged
22 CANYON CAPITAL ADVISORS LLC 1.40% of their portfolio DALLAS, TX 20,000,00020.0m $12.4m $12.4m 1.40% Added +5.0m +5,000,000
23 OAKTREE CAPITAL MANAGEMENT LP 0.19% of their portfolio LOS ANGELES, CA 18,995,00019.0m $11.9m $11.9m 0.19% Unchanged
24 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 18,336,00018.3m $11.5m $11.5m 0.02% New
25 Rokos Capital Management LLP 0.34% of their portfolio LONDON, X0 17,665,00017.7m $11.1m $11.1m 0.34% Reduced -12.3m -12,335,000
26 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.58% of their portfolio NEW YORK, NY 17,500,00017.5m $10.9m $10.9m 0.58% Reduced -2.0m -2,000,000
27 Fort Baker Capital Management LP 1.30% of their portfolio Larkspur, CA 16,607,00016.6m $10.4m $10.4m 1.30% Added +825.0k +825,000
28 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 15,000,00015.0m $9.4m $9.4m 0.01% Reduced -2.3m -2,300,000
29 CAPSTONE INVESTMENT ADVISORS, LLC 0.16% of their portfolio NEW YORK, NY 15,000,00015.0m $9.4m $9.4m 0.16% Unchanged
30 EdgePoint Investment Group Inc. 0.08% of their portfolio TORONTO, A6 14,000,00014.0m $8.7m $8.7m 0.08% Unchanged
31 Silver Rock Financial LP 48.79% of their portfolio Los Angeles, CA 13,500,00013.5m $8.4m $8.4m 48.79% Added +9.0m +9,000,000
32 Lombard Odier Asset Management (USA) Corp 1.19% of their portfolio New York, NY 13,000,00013.0m $8.1m $8.1m 1.19% Unchanged
33 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 12,436,00012.4m $7.6m $7.6m 0.00% Added +5.6m +5,596,000
34 CAMDEN ASSET MANAGEMENT L P /CA 0.24% of their portfolio Los Angeles, CA 12,275,00012.3m $7.6m $7.6m 0.24% Reduced -3.0m -3,000,000
35 III Capital Management 0.44% of their portfolio BOCA RATON, FL 12,250,00012.2m $7.7m $7.7m 0.44% Added +250.0k +250,000
36 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 11,000,00011.0m $6.9m $6.9m 0.02% Reduced -7.0m -7,000,000
37 DeepCurrents Investment Group LLC 0.23% of their portfolio NEW YORK, NY 9,573,0009.6m $6.0m $6.0m 0.23% Unchanged
38 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 9,500,0009.5m $6.0m $6.0m 0.01% Added +5.0m +5,000,000
39 MOORE CAPITAL MANAGEMENT, LP 0.14% of their portfolio NEW YORK, NY 9,000,0009.0m $5.6m $5.6m 0.14% New
40 SHENKMAN CAPITAL MANAGEMENT INC 0.35% of their portfolio NEW YORK, NY 7,829,0007.8m $4.9m $4.9m 0.35% Reduced -463.0k -463,000
41 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 7,281,0007.3m $4.5m $4.5m 0.01% Added +5.8m +5,776,000
42 BOOTHBAY FUND MANAGEMENT, LLC 0.15% of their portfolio NEW YORK, NY 7,000,0007.0m $4.3m $4.3m 0.15% Added +6.4m +6,400,000
43 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 6,975,0007.0m $4.4m $4.4m 0.00% New
44 Sculptor Capital LP 0.11% of their portfolio New York, NY 6,733,0006.7m $4.2m $4.2m 0.11% Reduced -18.6m -18,600,000
45 PUTNAM INVESTMENTS LLC 0.00% of their portfolio BOSTON, MA 5,091,0005.1m $3.2m $3.2m 0.00% Unchanged
46 Context Capital Management, LLC 0.18% of their portfolio LAJOLLA, CA 4,363,0004.4m $2.7m $2.7m 0.18% Added +4.4m +4,357,138
47 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.33% of their portfolio Miamisburg, OH 4,000,0004.0m $2.5m $2.5m 0.33% Unchanged
48 Man Group plc 0.01% of their portfolio LONDON, X0 3,775,0003.8m $2.4m $2.4m 0.01% New
49 CSS LLC/IL 0.15% of their portfolio CHICAGO, IL 3,000,0003.0m $1.9m $1.9m 0.15% Added +2.0m +2,000,000
50 Columbus Hill Capital Management, L.P. 0.72% of their portfolio Short Hills, NJ 3,000,0003.0m $1.9m $1.9m 0.72% New
51 READYSTATE ASSET MANAGEMENT LP 0.11% of their portfolio CHICAGO, IL 3,000,0003.0m $1.9m $1.9m 0.11% New
52 LOOMIS SAYLES & CO L P 0.06% of their portfolio BOSTON, MA 2,517,2752.5m $41.7m $41.7m 0.06% Added +81.7k +81,659
53 CI INVESTMENTS INC. 0.01% of their portfolio TORONTO, Z4 2,460,0002.5m $1.5m $1.5m 0.01% Reduced -250.0k -250,000
54 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 1,800,0001.8m $1.3m $1.3m 0.00% Unchanged
55 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 825,000825.0k $511.5k $511.5k 0.00% Reduced -250.0k -250,000
56 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 750,000750.0k $466.1k $466.1k 0.00% Unchanged
57 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 730,000730.0k $458.1k $458.1k 0.01% New
58 ARES MANAGEMENT LLC 0.01% of their portfolio LOS ANGELES, CA 460,000460.0k $288.6k $288.6k 0.01% New
59 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 225,000225.0k $139.1k $139.1k 0.00% New
60 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 162,000162.0k $101.4k $101.4k 0.01% Reduced -505.0k -505,000
61 Oaktree Fund Advisors, LLC 0.06% of their portfolio LOS ANGLES, CA 110,000110.0k $68.8k $68.8k 0.06% Unchanged
62 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 90,00090.0k $56.2k $56.2k 0.00% Added +30.0k +30,000
63 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 40,00040.0k $24.8k $24.8k 0.00% Unchanged
64 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 20,00020.0k $12.5k $12.5k 0.00% New
65 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 3,1033.1k $1.9m $1.9m 0.02% Unchanged
66 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged