ENVESTNET INC ENV 0.75 08.15.25
NOTE 0.750% 8/1 · US DOMESTIC · CUSIP 29404KAE6
46
institutional holders
+1 vs Q2 2023
47.7m
shares reported held*
$287.9mreported value*
5 new
9 added
15 reduced
4 sold out
net sold ≈ $9.9m (-357.3k 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. Holder counts are more reliable. Implied quarter-end price ≈ $6.04.
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 51 |
| Q4 2022 | 52 |
| Q1 2023 | 49 |
| Q2 2023 | 45 |
| Q3 2023 | 46 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 14 | 26 |
| Q1 2023 | 22 | 17 |
| Q2 2023 | 12 | 21 |
| Q3 2023 | 14 | 19 |
Biggest buyers
| TENOR CAPITAL MANAGEMENT Co., L.P. | Added | +23.7m |
| Fort Baker Capital Management LP | Added | +12.5m |
| Segantii Capital Management Ltd | New | +10.0m |
| LAZARD ASSET MANAGEMENT LLC | Added | +2.0m |
| MILLENNIUM MANAGEMENT LLC | New | +1.5m |
| Kohlberg Kravis Roberts & Co. L.P. | Added | +1.1m |
| JPMORGAN CHASE & CO | Added | +843.0k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +533.0k |
| Linden Advisors LP | Added | +440.0k |
| CITIGROUP INC | New | +100.0k |
Biggest sellers
| BANK OF MONTREAL /CAN/ | Reduced | -11.4m |
| DLD Asset Management, LP | Reduced | -10.8m |
| GOLDMAN SACHS GROUP INC | Reduced | -8.2m |
| ABSOLUTE INVESTMENT ADVISERS, LLC | Sold out | -7.2m |
| PUTNAM INVESTMENTS LLC | Sold out | -5.0m |
| SHENKMAN CAPITAL MANAGEMENT INC | Reduced | -4.6m |
| BOOTHBAY FUND MANAGEMENT, LLC | Reduced | -3.6m |
| ROYAL BANK OF CANADA | Reduced | -2.5m |
| BANK OF AMERICA CORP /DE/ | Sold out | -2.4m |
| WELLS FARGO & COMPANY/MN | Sold out | -2.1m |
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| TENOR CAPITAL MANAGEMENT Co., L.P. 1.03% of their portfolio | 51.9m $48.0m | Added +23.7m |
| Fort Baker Capital Management LP 3.79% of their portfolio | 41.8m $38.6m | Added +12.5m |
| Opti Capital Management, LP 1.44% of their portfolio | 21.8m $20.1k | Unchanged |
| LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio | 21.0m $19.4m | Added +2.0m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 16.7m $15.4m | Added +843.0k |
| Linden Advisors LP 0.15% of their portfolio | 15.7m $14.4m | Added +440.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 12.0m $11.1m | Unchanged |
| AVIVA PLC 0.05% of their portfolio | 12.0m $11.0m | Unchanged |
| Segantii Capital Management Ltd 0.35% of their portfolio | 10.0m $9.2m | New |
| OSTERWEIS CAPITAL MANAGEMENT INC 0.64% of their portfolio | 9.5m $8.8m | Unchanged |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 7.5m $6.9m | Unchanged |
| Aequim Alternative Investments LP 0.26% of their portfolio | 7.5m $6.9m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 7.3m $6.8m | Reduced -800.0k |
| FIL Ltd 0.01% of their portfolio | 7.0m $6.4m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 6.7m $6.2m | Added +100.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 6.0m $5.5m | Added +533.0k |
| Calamos Advisors LLC 0.03% of their portfolio | 6.0m $5.5m | Unchanged |
| EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.74% of their portfolio | 5.5m $5.1m | Unchanged |
| SHENKMAN CAPITAL MANAGEMENT INC 0.37% of their portfolio | 5.3m $4.9m | Reduced -4.6m |
| DLD Asset Management, LP 0.55% of their portfolio | 4.2m $3.9m | Reduced -10.8m |
| BlackRock Inc. 0.00% of their portfolio | 4.2m $3.8m | Unchanged |
| PALISADE CAPITAL MANAGEMENT, LP 0.10% of their portfolio | 4.1m $3.8m | Reduced -14.0k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio | 4.0m $3.7m | Unchanged |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 4.0m $3.6m | Reduced -750.0k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 3.5m $3.2m | Unchanged |
| Man Group plc 0.01% of their portfolio | 2.9m $2.6m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.8m $2.6m | Reduced -8.2m |
| Kohlberg Kravis Roberts & Co. L.P. 0.09% of their portfolio | 2.7m $2.5m | Added +1.1m |
| Liberty Mutual Group Asset Management Inc. 0.58% of their portfolio | 2.2m $2.1m | Reduced -750.0k |
| SSI INVESTMENT MANAGEMENT LLC 0.17% of their portfolio | 2.2m $2.1m | Reduced -14.0k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.06% of their portfolio | 1.9m $1.7m | Reduced -3.6m |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.6m $1.5m | Reduced -2.5m |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 1.5m $1.4m | New |
| CAMDEN ASSET MANAGEMENT L P /CA 0.05% of their portfolio | 1.4m $1.3m | Unchanged |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 1.1m $1.0m | Reduced -11.4m |
| BARCLAYS PLC 0.00% of their portfolio | 802.0k $739.9k | Reduced -1.7m |
| Worth Venture Partners, LLC 0.38% of their portfolio | 693.0k $640.6k | Reduced -1.3m |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 200.0k $185.1k | Reduced -250.0k |
| CITIGROUP INC 0.00% of their portfolio | 100.0k $92.1k | New |
| KBC Group NV 0.00% of their portfolio | 100.0k $92.0k | Reduced -100.0k |
| LAKE STREET ADVISORS GROUP, LLC 0.01% of their portfolio | 92.0k $85.0k | Added +8.0k |
| B. Riley Wealth Advisors, Inc. 0.00% of their portfolio | 40.0k $36.9k | Unchanged |
| Arkadios Wealth Advisors 0.00% of their portfolio | 19.0k $17.5k | New |
| K2 PRINCIPAL FUND, L.P. 3.44% of their portfolio | 12.5k $11.5m | Unchanged |
| OFI INVEST ASSET MANAGEMENT 0.12% of their portfolio | 3.7k $3.4m | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |