Vault-13

DISH NETWORK CORPORATION DISH 0 12.15.25

NOTE 12/1 · US DOMESTIC · CUSIP 25470MAF6

48 institutional holders -18 vs Q4 2023
39,887,10739.9m shares reported held*
$1.4bnreported value*
10 new 11 added 18 reduced 26 sold out net sold ≈ $107.0m (+17.6m 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 ($1.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $35.14.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 75Q4 22: 72Q1 23: 67Q2 23: 64Q3 23: 74Q4 23: 66Q1 24: 4848Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202275
Q4 202272
Q1 202367
Q2 202364
Q3 202374
Q4 202366
Q1 202448

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 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 23Q1 24: 21 bought or addedQ1 24: 44 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222632
Q1 20233139
Q2 20232338
Q3 20232837
Q4 20233435
Q1 20242144

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ2 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 —Q1 24 calls: $0Q1 24 puts: $0Q1 24P/C —
Numbers
QuarterCallsPutsP/C
Q2 2023$0$103.6m—
Q3 2023$0$0—
Q4 2023$0$0—
Q1 2024$0$0—

Biggest buyers

Monarch Alternative Capital LP New +110,512,000+110.5m
Apollo Management Holdings, L.P. New +86,932,000+86.9m
BlackRock Inc. Added +43,100,000+43.1m
Hudson Bay Capital Management LP Added +43,000,000+43.0m
CARRONADE CAPITAL MANAGEMENT, LP New +34,490,000+34.5m
FMR LLC Added +28,585,000+28.6m
140 Summer Partners LP New +21,500,000+21.5m
Shaolin Capital Management LLC Added +18,339,000+18.3m
Finepoint Capital LP New +18,300,000+18.3m
MILLENNIUM MANAGEMENT LLC Added +14,000,000+14.0m

Biggest sellers

JPMORGAN CHASE & CO Reduced -66,082,000-66.1m
TWO SIGMA INVESTMENTS, LP Reduced -63,600,000-63.6m
Boundary Creek Advisors LP Sold out -42,847,000-42.8m
Aequim Alternative Investments LP Reduced -35,000,000-35.0m
Calamos Advisors LLC Reduced -29,182,000-29.2m
Diameter Capital Partners LP Reduced -28,517,000-28.5m
ARISTEIA CAPITAL, L.L.C. Sold out -24,137,000-24.1m
AMERIPRISE FINANCIAL INC Reduced -23,135,000-23.1m
OAKTREE CAPITAL MANAGEMENT LP Sold out -18,995,000-19.0m
D. E. Shaw & Co., Inc. Sold out -18,336,000-18.3m

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Shaolin Capital Management LLC 5.73% of their portfolio Miami, FL 220,339,000220.3m $160.1m $160.1m 5.73% Added +18.3m +18,339,000
2 SOROS FUND MANAGEMENT LLC 2.33% of their portfolio NEW YORK, NY 138,250,000138.2m $100.2m $100.2m 2.33% Reduced -4.4m -4,400,000
3 FMR LLC 0.01% of their portfolio BOSTON, MA 132,432,000132.4m $96.7m $96.7m 0.01% Added +28.6m +28,585,000
4 VOYA INVESTMENT MANAGEMENT LLC 0.09% of their portfolio ATLANTA, GA 126,425,000126.4m $92.9m $92.9m 0.09% Reduced -5.0m -5,000,000
5 Monarch Alternative Capital LP 36.12% of their portfolio New York, NY 110,512,000110.5m $81.2m $81.2m 36.12% New
6 REDWOOD CAPITAL MANAGEMENT, LLC 10.96% of their portfolio New York, NY 108,722,000108.7m $77.8m $77.8m 10.96% Unchanged
7 Hudson Bay Capital Management LP 0.58% of their portfolio STAMFORD, CT 92,677,00092.7m $66.4m $66.4m 0.58% Added +43.0m +43,000,000
8 Diameter Capital Partners LP 11.00% of their portfolio New York, NY 90,000,00090.0m $65.7m $65.7m 11.00% Reduced -28.5m -28,517,000
9 Apollo Management Holdings, L.P. 0.84% of their portfolio New York, NY 86,932,00086.9m $62.4m $62.4m 0.84% New
10 BlackRock Inc. 0.00% of their portfolio New York, NY 82,035,00082.0m $59.9m $59.9m 0.00% Added +43.1m +43,100,000
11 Calamos Advisors LLC 0.18% of their portfolio NAPERVILLE, IL 52,039,00052.0m $38.0m $38.0m 0.18% Reduced -29.2m -29,182,000
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 42,822,00042.8m $31.1m $31.1m 0.00% Reduced -66.1m -66,082,000
13 Western Asset Management Company, LLC 29.19% of their portfolio Pasadena, CA 41,533,00041.5m $30.5m $30.5m 29.19% Added +3.5m +3,500,000
14 CARRONADE CAPITAL MANAGEMENT, LP 8.40% of their portfolio DARIEN, CT 34,490,00034.5m $24.7m $24.7m 8.40% New
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 28,455,00028.5m $20.7m $20.7m 0.00% Reduced -13.5m -13,525,000
16 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 28,113,00028.1m $20.5m $20.5m 0.01% Reduced -23.1m -23,135,000
17 Aequim Alternative Investments LP 0.68% of their portfolio MILL VALLEY, CA 25,000,00025.0m $18.4m $18.4m 0.68% Reduced -35.0m -35,000,000
18 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 23,500,00023.5m $17.2m $17.2m 0.01% Added +14.0m +14,000,000
19 140 Summer Partners LP 1.92% of their portfolio New York, NY 21,500,00021.5m $15.4m $15.4m 1.92% New
20 CANYON CAPITAL ADVISORS LLC 1.56% of their portfolio DALLAS, TX 20,000,00020.0m $14.6m $14.6m 1.56% Unchanged
21 Finepoint Capital LP 3.45% of their portfolio BOSTON, MA 18,300,00018.3m $13.5m $13.5m 3.45% New
22 EdgePoint Investment Group Inc. 0.08% of their portfolio TORONTO, A6 14,000,00014.0m $10.2m $10.2m 0.08% Unchanged
23 Silver Rock Financial LP 48.72% of their portfolio Los Angeles, CA 13,500,00013.5m $9.9m $9.9m 48.72% Unchanged
24 Nut Tree Capital Management, LP 2.52% of their portfolio NEW YORK, NY 12,416,00012.4m $9.1m $9.1m 2.52% Reduced -15.0m -15,000,000
25 Columbus Hill Capital Management, L.P. 1.62% of their portfolio Short Hills, NJ 10,500,00010.5m $7.4m $7.4m 1.62% Added +7.5m +7,500,000
26 TENOR CAPITAL MANAGEMENT Co., L.P. 0.12% of their portfolio NEW YORK, NY 10,000,00010.0m $7.3m $7.3m 0.12% Reduced -12.5m -12,500,000
27 SHENKMAN CAPITAL MANAGEMENT INC 0.48% of their portfolio NEW YORK, NY 9,252,0009.3m $6.8m $6.8m 0.48% Added +1.4m +1,423,000
28 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 9,066,0009.1m $6.7m $6.7m 0.00% Added +2.1m +2,091,000
29 CAPSTONE INVESTMENT ADVISORS, LLC 0.12% of their portfolio NEW YORK, NY 9,000,0009.0m $6.6m $6.6m 0.12% Reduced -6.0m -6,000,000
30 MOORE CAPITAL MANAGEMENT, LP 0.12% of their portfolio NEW YORK, NY 8,000,0008.0m $5.9m $5.9m 0.12% Reduced -1.0m -1,000,000
31 Centerbridge Partners, L.P. 0.91% of their portfolio NEW YORK, NY 7,500,0007.5m $5.5m $5.5m 0.91% New
32 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 6,000,0006.0m $4.4m $4.4m 0.00% Reduced -17.2m -17,215,000
33 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 5,364,0005.4m $3.9m $3.9m 0.01% Reduced -63.6m -63,600,000
34 DeepCurrents Investment Group LLC 0.18% of their portfolio NEW YORK, NY 5,273,0005.3m $4.5m $4.5m 0.18% Reduced -4.3m -4,300,000
35 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,500,0003.5m $2.5m $2.5m 0.00% Reduced -3.8m -3,781,000
36 CSS LLC/IL 0.18% of their portfolio CHICAGO, IL 3,000,0003.0m $2.2m $2.2m 0.18% Unchanged
37 Anson Funds Management LP 12.96% of their portfolio DALLAS, TX 2,500,0002.5m $181.2m $181.2m 12.96% New
38 FIR TREE CAPITAL MANAGEMENT LP 0.66% of their portfolio New York, NY 2,220,0002.2m $1.6m $1.6m 0.66% New
39 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 1,705,0001.7m $1.3m $1.3m 0.01% Added +1.7m +1,701,897
40 CI INVESTMENTS INC. 0.00% of their portfolio TORONTO, Z4 1,550,0001.6m $1.1m $1.1m 0.00% Reduced -910.0k -910,000
41 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 1,200,0001.2m $876.0k $876.0k 0.02% Added +470.0k +470,000
42 LOOMIS SAYLES & CO L P 0.02% of their portfolio BOSTON, MA 887,107887.1k $12.6m $12.6m 0.02% Reduced -1.6m -1,630,168
43 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 855,000855.0k $624.1k $624.1k 0.00% New
44 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 750,000750.0k $543.2k $543.2k 0.00% Unchanged
45 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 747,000747.0k $549.0k $549.0k 0.01% New
46 ARES MANAGEMENT LLC 0.01% of their portfolio LOS ANGELES, CA 460,000460.0k $335.8k $335.8k 0.01% Unchanged
47 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 40,00040.0k $29.2k $29.2k 0.00% Unchanged
48 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged