Vault-13

EVOLENT HEALTH INC EVH 1.5 10.15.25

NOTE 1.500%10/1 · GLOBAL · CUSIP 30050BAD3

17 institutional holders -9 vs Q4 2022
5,760,0005.8m shares reported held*
$200.6mreported value*
1 new 5 added 5 reduced 10 sold out net sold ≈ $1.0m (-5.1m 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 ($11.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $36.88.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 23Q4 22: 26Q1 23: 1717Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202223
Q4 202226
Q1 202317

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 12 bought or addedQ4 22: 7 cut or sold outQ4 22Q1 23: 6 bought or addedQ1 23: 15 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022127
Q1 2023615

Biggest buyers

VOYA INVESTMENT MANAGEMENT LLC New +46,500,000+46.5m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +4,000,000+4.0m
LAZARD ASSET MANAGEMENT LLC Added +2,663,000+2.7m
SSI INVESTMENT MANAGEMENT LLC Added +2,201,000+2.2m
DeepCurrents Investment Group LLC Added +500,000+500.0k
FIRST HAWAIIAN BANK Added +44,000+44.0k

Biggest sellers

Linden Advisors LP Sold out -30,535,000-30.5m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -10,010,000-10.0m
Verition Fund Management LLC Reduced -9,016,126-9.0m
WOLVERINE ASSET MANAGEMENT LLC Sold out -7,800,000-7.8m
ABSOLUTE INVESTMENT ADVISERS, LLC Sold out -3,994,000-4.0m
CAPSTONE INVESTMENT ADVISORS, LLC Sold out -2,250,000-2.2m
NEW YORK STATE COMMON RETIREMENT FUND Sold out -1,109,000-1.1m
BARCLAYS PLC Sold out -365,000-365.0k
JPMORGAN CHASE & CO Sold out -363,000-363.0k
MacKay Shields LLC Sold out -150,000-150.0k

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio ATLANTA, GA 46,500,00046.5m $55.6m $55.6m 0.06% New
2 DeepCurrents Investment Group LLC 1.54% of their portfolio NEW YORK, NY 30,028,00030.0m $35.7m $35.7m 1.54% Added +500.0k +500,000
3 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 27,663,00027.7m $33.1m $33.1m 0.04% Added +2.7m +2,663,000
4 TENOR CAPITAL MANAGEMENT Co., L.P. 0.49% of their portfolio NEW YORK, NY 20,323,00020.3m $24.4m $24.4m 0.49% Added +4.0m +4,000,000
5 ADVENT CAPITAL MANAGEMENT /DE/ 0.40% of their portfolio NEW YORK, NY 17,597,00017.6m $21.0m $21.0m 0.40% Reduced -10.0m -10,010,000
6 COURAGE CAPITAL MANAGEMENT LLC 21.30% of their portfolio NASHVILLE, TN 7,434,0007.4m $8.9m $8.9m 21.30% Unchanged
7 SSI INVESTMENT MANAGEMENT LLC 0.52% of their portfolio Los Angeles, CA 6,236,0006.2m $7.4m $7.4m 0.52% Added +2.2m +2,201,000
8 Sonora Investment Management Group, LLC 0.60% of their portfolio TUCSON, AZ 5,760,0005.8m $6.9m $6.9m 0.60% Reduced -30.0k -30,000
9 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 5,000,0005.0m $5.9m $5.9m 0.03% Unchanged
10 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 665,000665.0k $788.0k $788.0k 0.00% Unchanged
11 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 123,000123.0k $145.8k $145.8k 0.00% Added +44.0k +44,000
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 30,00030.0k $35.5k $35.5k 0.00% Unchanged
13 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 17,00017.0k $20.1k $20.1k 0.00% Reduced -8.0k -8,000
14 Verition Fund Management LLC 0.19% of their portfolio GREENWICH, CT 9,8749.9k $11.8m $11.8m 0.19% Reduced -9.0m -9,016,126
15 UBS Group AG 0.00% of their portfolio ZURICH, V8 7,0007.0k $8.3k $8.3k 0.00% Reduced -5.0k -5,000
16 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 5,8005.8k $691.0k $691.0k 0.01% Unchanged
17 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged