Vault-13

ENVESTNET INC ENV 0.75 08.15.25

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

32 institutional holders -14 vs Q3 2023
40,259,70040.3m shares reported held*
$334.5mreported value*
2 new 6 added 7 reduced 16 sold out net bought ≈ $25.2m (-7.4m 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 ≈ $8.31.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 51Q4 22: 52Q1 23: 49Q2 23: 45Q3 23: 46Q4 23: 3232Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202251
Q4 202252
Q1 202349
Q2 202345
Q3 202346
Q4 202332

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 23Q2 23: 12 bought or addedQ2 23: 21 cut or sold outQ2 23Q3 23: 14 bought or addedQ3 23: 19 cut or sold outQ3 23Q4 23: 8 bought or addedQ4 23: 23 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221426
Q1 20232217
Q2 20231221
Q3 20231419
Q4 2023823

Biggest buyers

JPMORGAN CHASE & CO Added +23,307,000+23.3m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +19,630,000+19.6m
BANK OF MONTREAL /CAN/ Added +10,900,000+10.9m
Linden Advisors LP Added +10,033,000+10.0m
BANK OF AMERICA CORP /DE/ New +6,425,000+6.4m
MORGAN STANLEY Added +1,638,000+1.6m
Aequim Alternative Investments LP Added +1,500,000+1.5m
Jefferies Financial Group Inc. New +32,000+32.0k

Biggest sellers

SHENKMAN CAPITAL MANAGEMENT INC Sold out -5,284,000-5.3m
Fort Baker Capital Management LP Reduced -5,018,000-5.0m
BNP PARIBAS FINANCIAL MARKETS Reduced -4,687,000-4.7m
DLD Asset Management, LP Sold out -4,174,000-4.2m
WELLINGTON MANAGEMENT GROUP LLP Sold out -3,950,000-4.0m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Reduced -3,000,000-3.0m
Man Group plc Sold out -2,900,000-2.9m
GOLDMAN SACHS GROUP INC Sold out -2,826,000-2.8m
Opti Capital Management, LP Reduced -2,500,000-2.5m
Liberty Mutual Group Asset Management Inc. Sold out -2,250,000-2.2m

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.19% of their portfolio NEW YORK, NY 71,529,00071.5m $67.0m $67.0m 1.19% Added +19.6m +19,630,000
2 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 39,998,00040.0m $37.2m $37.2m 0.00% Added +23.3m +23,307,000
3 Fort Baker Capital Management LP 4.31% of their portfolio Larkspur, CA 36,737,00036.7m $34.4m $34.4m 4.31% Reduced -5.0m -5,018,000
4 Linden Advisors LP 0.23% of their portfolio New York, NY 25,695,00025.7m $24.0m $24.0m 0.23% Added +10.0m +10,033,000
5 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 21,000,00021.0m $19.7m $19.7m 0.02% Unchanged
6 Opti Capital Management, LP 1.36% of their portfolio New York, NY 19,252,00019.3m $18.0m $18.0m 1.36% Reduced -2.5m -2,500,000
7 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 12,018,00012.0m $11.2m $11.2m 0.00% Added +10.9m +10,900,000
8 AVIVA PLC 0.04% of their portfolio LONDON, X0 12,000,00012.0m $11.2m $11.2m 0.04% Unchanged
9 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 11,000,00011.0m $10.2m $10.2m 0.00% Reduced -1.0m -1,000,000
10 Segantii Capital Management Ltd 0.57% of their portfolio HONG KONG, K3 10,000,00010.0m $9.4m $9.4m 0.57% Unchanged
11 OSTERWEIS CAPITAL MANAGEMENT INC 0.56% of their portfolio SAN FRANCISCO, CA 9,490,0009.5m $8.9m $8.9m 0.56% Unchanged
12 Aequim Alternative Investments LP 0.34% of their portfolio MILL VALLEY, CA 9,000,0009.0m $8.4m $8.4m 0.34% Added +1.5m +1,500,000
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 8,976,0009.0m $8.3m $8.3m 0.00% Added +1.6m +1,638,000
14 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 7,500,0007.5m $7.0m $7.0m 0.00% Unchanged
15 FIL Ltd 0.01% of their portfolio HAMILTON, D0 7,000,0007.0m $6.5m $6.5m 0.01% Unchanged
16 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,425,0006.4m $6.0m $6.0m 0.00% New
17 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 6,000,0006.0m $5.6m $5.6m 0.03% Unchanged
18 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.68% of their portfolio Miamisburg, OH 5,500,0005.5m $5.1m $5.1m 0.68% Unchanged
19 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 4,890,0004.9m $4.6m $4.6m 0.00% Reduced -1.8m -1,800,000
20 PALISADE CAPITAL MANAGEMENT, LP 0.10% of their portfolio FORT LEE, NJ 4,088,0004.1m $3.8m $3.8m 0.10% Unchanged
21 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 3,500,0003.5m $3.3m $3.3m 0.01% Unchanged
22 Kohlberg Kravis Roberts & Co. L.P. 0.07% of their portfolio NEW YORK, NY 2,711,0002.7m $2.5m $2.5m 0.07% Unchanged
23 BlackRock Inc. 0.00% of their portfolio New York, NY 2,260,0002.3m $2.1m $2.1m 0.00% Reduced -1.9m -1,900,000
24 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,620,0001.6m $1.5m $1.5m 0.00% Unchanged
25 CAMDEN ASSET MANAGEMENT L P /CA 0.04% of their portfolio Los Angeles, CA 1,450,0001.4m $1.3m $1.3m 0.04% Unchanged
26 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,324,0001.3m $1.2m $1.2m 0.00% Reduced -4.7m -4,687,000
27 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,000,0001.0m $930.0k $930.0k 0.00% Reduced -3.0m -3,000,000
28 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 32,00032.0k $29.3k $29.3k 0.00% New
29 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 19,00019.0k $17.7k $17.7k 0.00% Unchanged
30 K2 PRINCIPAL FUND, L.P. 2.74% of their portfolio TORONTO, A6 12,50012.5k $11.7m $11.7m 2.74% Unchanged
31 OFI INVEST ASSET MANAGEMENT 0.12% of their portfolio ISSY LES MOULINEAUX, I0 3,7003.7k $3.5m $3.5m 0.12% Unchanged
32 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged