Vault-13

ENVESTNET INC ENV 0.75 08.15.25

NOTE 0.750% 8/1 · US DOMESTIC · CUSIP 29404KAE6

49 institutional holders -3 vs Q4 2022
34,553,00034.6m shares reported held*
$303.7mreported value*
6 new 16 added 8 reduced 9 sold out net bought ≈ $12.0m (-550.0k 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 ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.83.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 51Q4 22: 52Q1 23: 4949Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202251
Q4 202252
Q1 202349

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 14 bought or addedQ4 22: 26 cut or sold outQ4 22Q1 23: 22 bought or addedQ1 23: 17 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221426
Q1 20232217

Biggest buyers

BANK OF MONTREAL /CAN/ New +15,400,000+15.4m
DLD Asset Management, LP Added +10,000,000+10.0m
LAZARD ASSET MANAGEMENT LLC Added +9,000,000+9.0m
Fort Baker Capital Management LP Added +8,500,000+8.5m
Aequim Alternative Investments LP New +7,500,000+7.5m
BNP PARIBAS FINANCIAL MARKETS Added +6,428,000+6.4m
GOLDMAN SACHS GROUP INC Added +5,000,000+5.0m
BANK OF AMERICA CORP /DE/ New +4,425,000+4.4m
BOOTHBAY FUND MANAGEMENT, LLC Added +4,383,000+4.4m
PALISADE CAPITAL MANAGEMENT, LP Added +2,000,000+2.0m

Biggest sellers

WOLVERINE ASSET MANAGEMENT LLC Sold out -22,426,000-22.4m
OAKTREE CAPITAL MANAGEMENT LP Reduced -11,592,000-11.6m
SSI INVESTMENT MANAGEMENT LLC Reduced -7,695,000-7.7m
Aequim Alternative Investments LP Sold out -7,500,000-7.5m
CAPSTONE INVESTMENT ADVISORS, LLC Sold out -7,275,000-7.3m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -2,936,000-2.9m
ROYAL BANK OF CANADA Reduced -1,655,000-1.7m
Daiwa Securities Group Inc. Sold out -1,576,000-1.6m
JANE STREET GROUP, LLC Sold out -1,000,000-1.0m
Quaero Capital S.A. Sold out -800,000-800.0k

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.31% of their portfolio New York, NY 32,722,00032.7m $29.6m $29.6m 0.31% Added +1.0m +1,029,000
2 TENOR CAPITAL MANAGEMENT Co., L.P. 0.49% of their portfolio NEW YORK, NY 27,170,00027.2m $24.6m $24.6m 0.49% Added +943.0k +943,000
3 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 20,000,00020.0m $18.1m $18.1m 0.02% Added +9.0m +9,000,000
4 DLD Asset Management, LP 1.54% of their portfolio NEW YORK, NY 16,750,00016.8m $15.3m $15.3m 1.54% Added +10.0m +10,000,000
5 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 15,400,00015.4m $13.8m $13.8m 0.01% New
6 SHENKMAN CAPITAL MANAGEMENT INC 0.95% of their portfolio NEW YORK, NY 13,892,00013.9m $12.6m $12.6m 0.95% Reduced -2.9m -2,936,000
7 Fort Baker Capital Management LP 2.67% of their portfolio Larkspur, CA 13,500,00013.5m $12.4m $12.4m 2.67% Added +8.5m +8,500,000
8 AVIVA PLC 0.05% of their portfolio LONDON, X0 12,000,00012.0m $10.9m $10.9m 0.05% Unchanged
9 Opti Capital Management, LP 0.82% of their portfolio New York, NY 11,200,00011.2m $10.1m $10.1m 0.82% Unchanged
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 10,365,00010.4m $9.3m $9.3m 0.00% Added +839.0k +839,000
11 OSTERWEIS CAPITAL MANAGEMENT INC 0.59% of their portfolio SAN FRANCISCO, CA 9,490,0009.5m $8.6m $8.6m 0.59% Unchanged
12 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 9,250,0009.2m $8.3m $8.3m 0.00% Added +5.0m +5,000,000
13 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 8,548,0008.5m $7.7m $7.7m 0.02% Added +6.4m +6,428,000
14 ABSOLUTE INVESTMENT ADVISERS, LLC 1.09% of their portfolio ROSEMARY BEACH, FL 8,186,0008.2m $7.4m $7.4m 1.09% Unchanged
15 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 7,500,0007.5m $6.8m $6.8m 0.00% Unchanged
16 Aequim Alternative Investments LP 0.22% of their portfolio MILL VALLEY, CA 7,500,0007.5m $6.8m $6.8m 0.22% New
17 BOOTHBAY FUND MANAGEMENT, LLC 0.17% of their portfolio NEW YORK, NY 7,051,0007.1m $6.4m $6.4m 0.17% Added +4.4m +4,383,000
18 FIL Ltd 0.01% of their portfolio HAMILTON, D0 7,000,0007.0m $6.3m $6.3m 0.01% Unchanged
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,843,0006.8m $6.2m $6.2m 0.00% Added +657.0k +657,000
20 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 6,790,0006.8m $6.1m $6.1m 0.00% Reduced -500.0k -500,000
21 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 6,243,0006.2m $5.6m $5.6m 0.01% Unchanged
22 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 6,000,0006.0m $5.4m $5.4m 0.03% Unchanged
23 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.72% of their portfolio Miamisburg, OH 5,500,0005.5m $5.0m $5.0m 0.72% Unchanged
24 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,302,0005.3m $4.8m $4.8m 0.00% Reduced -1.7m -1,655,000
25 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 4,700,0004.7m $4.2m $4.2m 0.00% Unchanged
26 BlackRock Inc. 0.00% of their portfolio New York, NY 4,560,0004.6m $4.1m $4.1m 0.00% Unchanged
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,425,0004.4m $4.0m $4.0m 0.00% New
28 PALISADE CAPITAL MANAGEMENT, LP 0.10% of their portfolio FORT LEE, NJ 4,000,0004.0m $3.6m $3.6m 0.10% Added +2.0m +2,000,000
29 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 4,000,0004.0m $3.6m $3.6m 0.01% Unchanged
30 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 3,500,0003.5m $3.2m $3.2m 0.01% Unchanged
31 Kohlberg Kravis Roberts & Co. L.P. 0.09% of their portfolio NEW YORK, NY 3,293,0003.3m $3.0m $3.0m 0.09% Reduced -106.0k -106,000
32 Liberty Mutual Group Asset Management Inc. 0.61% of their portfolio Boston, MA 3,000,0003.0m $2.7m $2.7m 0.61% Unchanged
33 Man Group plc 0.01% of their portfolio LONDON, X0 2,900,0002.9m $2.6m $2.6m 0.01% Added +400.0k +400,000
34 READYSTATE ASSET MANAGEMENT LP 0.28% of their portfolio CHICAGO, IL 2,500,0002.5m $2.3m $2.3m 0.28% Unchanged
35 SSI INVESTMENT MANAGEMENT LLC 0.14% of their portfolio Los Angeles, CA 2,266,0002.3m $2.0m $2.0m 0.14% Reduced -7.7m -7,695,000
36 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,122,0002.1m $1.9m $1.9m 0.00% Added +391.0k +391,000
37 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,061,0002.1m $1.9m $1.9m 0.00% Added +1.6m +1,580,000
38 Worth Venture Partners, LLC 0.72% of their portfolio FORT LEE, NJ 1,625,0001.6m $1.5m $1.5m 0.72% Added +1.0m +1,006,000
39 CAMDEN ASSET MANAGEMENT L P /CA 0.04% of their portfolio Los Angeles, CA 1,400,0001.4m $1.3m $1.3m 0.04% Reduced -200.0k -200,000
40 OAKTREE CAPITAL MANAGEMENT LP 0.01% of their portfolio LOS ANGELES, CA 1,223,0001.2m $1.1m $1.1m 0.01% Reduced -11.6m -11,592,000
41 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 630,000630.0k $564.0k $564.0k 0.00% Unchanged
42 KBC Group NV 0.00% of their portfolio Brussels, C9 100,000100.0k $90.0k $90.0k 0.00% Reduced -300.0k -300,000
43 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 84,00084.0k $76.0k $76.0k 0.00% Unchanged
44 B. Riley Wealth Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 40,00040.0k $36.1k $36.1k 0.00% Unchanged
45 NOMURA HOLDINGS INC 0.02% of their portfolio TOKYO, M0 31,61731.6k $1.9m $1.9m 0.02% Added +31.4k +31,395
46 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 15,00015.0k $13.6k $13.6k 0.00% New
47 K2 PRINCIPAL FUND, L.P. 3.09% of their portfolio TORONTO, A6 12,50012.5k $11.3m $11.3m 3.09% New
48 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 10,00010.0k $9.0k $9.0k 0.00% New
49 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged