Vault-13

EVOLENT HEALTH INC EVH 1.5 10.15.25

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

19 institutional holders +2 vs Q1 2023
5,704,6695.7m shares reported held*
$192.3mreported value*
3 new 7 added 5 reduced 1 sold out net sold ≈ $5.2m (-55.3k 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 ($11.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $35.74.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 23Q4 22: 26Q1 23: 17Q2 23: 1919Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202223
Q4 202226
Q1 202317
Q2 202319

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 23Q2 23: 10 bought or addedQ2 23: 6 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022127
Q1 2023615
Q2 2023106

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. Added +38,177,000+38.2m
LAZARD ASSET MANAGEMENT LLC Added +4,337,000+4.3m
ADVENT CAPITAL MANAGEMENT /DE/ Added +2,400,000+2.4m
DeepCurrents Investment Group LLC Added +1,000,000+1.0m
BARCLAYS PLC New +215,000+215.0k
Allworth Financial LP New +50,000+50.0k
MORGAN STANLEY Added +5,000+5.0k
Boussard & Gavaudan Investment Management LLP New +4,669+4.7k
UBS Group AG Added +1,000+1.0k
Verition Fund Management LLC Added +189+189

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Sold out -46,500,000-46.5m
COURAGE CAPITAL MANAGEMENT LLC Reduced -4,000,000-4.0m
BLAIR WILLIAM & CO/IL Reduced -150,000-150.0k
Sonora Investment Management Group, LLC Reduced -110,000-110.0k
Marcum Wealth, LLC Reduced -5,000-5.0k
SG Americas Securities, LLC Reduced -800-800

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.41% of their portfolio NEW YORK, NY 58,500,00058.5m $67.2m $67.2m 1.41% Added +38.2m +38,177,000
2 LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 32,000,00032.0m $36.7m $36.7m 0.05% Added +4.3m +4,337,000
3 DeepCurrents Investment Group LLC 1.52% of their portfolio NEW YORK, NY 31,028,00031.0m $35.4m $35.4m 1.52% Added +1.0m +1,000,000
4 ADVENT CAPITAL MANAGEMENT /DE/ 0.46% of their portfolio NEW YORK, NY 19,997,00020.0m $22.9m $22.9m 0.46% Added +2.4m +2,400,000
5 SSI INVESTMENT MANAGEMENT LLC 0.50% of their portfolio Los Angeles, CA 6,236,0006.2m $7.1m $7.1m 0.50% Unchanged
6 Sonora Investment Management Group, LLC 0.54% of their portfolio TUCSON, AZ 5,650,0005.7m $6.4m $6.4m 0.54% Reduced -110.0k -110,000
7 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 5,000,0005.0m $5.7m $5.7m 0.03% Unchanged
8 COURAGE CAPITAL MANAGEMENT LLC 10.80% of their portfolio NASHVILLE, TN 3,434,0003.4m $3.9m $3.9m 10.80% Reduced -4.0m -4,000,000
9 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 515,000515.0k $587.4k $587.4k 0.00% Reduced -150.0k -150,000
10 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 215,000215.0k $245.6k $245.6k 0.00% New
11 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 123,000123.0k $140.3k $140.3k 0.00% Unchanged
12 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 50,00050.0k $56.8k $56.8k 0.00% New
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 35,00035.0k $39.9k $39.9k 0.00% Added +5.0k +5,000
14 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 12,00012.0k $13.7k $13.7k 0.00% Reduced -5.0k -5,000
15 Verition Fund Management LLC 0.18% of their portfolio GREENWICH, CT 10,06310.1k $11.5m $11.5m 0.18% Added +189 +189
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 8,0008.0k $9.1k $9.1k 0.00% Added +1.0k +1,000
17 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 5,0005.0k $569.0k $569.0k 0.00% Reduced -800 -800
18 Boussard & Gavaudan Investment Management LLP 0.51% of their portfolio London, X0 4,6694.7k $5.3m $5.3m 0.51% New
19 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged