Vault-13

EVOLENT HEALTH INC EVH 1.5 10.15.25

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

15 institutional holders -4 vs Q2 2023
5,647,0005.6m shares reported held*
$179.3mreported value*
2 new 3 added 2 reduced 6 sold out net bought ≈ $4.0m (-57.7k 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 ($10.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $33.66.

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 23Q4 22: 26Q1 23: 17Q2 23: 19Q3 23: 1515Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202223
Q4 202226
Q1 202317
Q2 202319
Q3 202315

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 23Q3 23: 5 bought or addedQ3 23: 8 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022127
Q1 2023615
Q2 2023106
Q3 202358

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. Added +9,000,000+9.0m
CITADEL ADVISORS LLC New +5,287,000+5.3m
ADVENT CAPITAL MANAGEMENT /DE/ Added +880,000+880.0k
JPMORGAN CHASE & CO New +126,000+126.0k
Marcum Wealth, LLC Added +5,000+5.0k

Biggest sellers

SSI INVESTMENT MANAGEMENT LLC Sold out -6,236,000-6.2m
Calamos Advisors LLC Sold out -5,000,000-5.0m
FIRST HAWAIIAN BANK Sold out -123,000-123.0k
BARCLAYS PLC Reduced -109,000-109.0k
Allworth Financial LP Sold out -50,000-50.0k
UBS Group AG Sold out -8,000-8.0k
Boussard & Gavaudan Investment Management LLP Sold out -4,669-4.7k
Sonora Investment Management Group, LLC Reduced -3,000-3.0k

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.56% of their portfolio NEW YORK, NY 67,500,00067.5m $72.8m $72.8m 1.56% Added +9.0m +9,000,000
2 LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 32,000,00032.0m $34.2m $34.2m 0.05% Unchanged
3 DeepCurrents Investment Group LLC 1.55% of their portfolio NEW YORK, NY 31,028,00031.0m $33.2m $33.2m 1.55% Unchanged
4 ADVENT CAPITAL MANAGEMENT /DE/ 0.52% of their portfolio NEW YORK, NY 20,877,00020.9m $22.3m $22.3m 0.52% Added +880.0k +880,000
5 Sonora Investment Management Group, LLC 0.52% of their portfolio TUCSON, AZ 5,647,0005.6m $6.1m $6.1m 0.52% Reduced -3.0k -3,000
6 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 5,287,0005.3m $5.7m $5.7m 0.01% New
7 COURAGE CAPITAL MANAGEMENT LLC 12.44% of their portfolio NASHVILLE, TN 3,434,0003.4m $3.7m $3.7m 12.44% Unchanged
8 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 515,000515.0k $547.5k $547.5k 0.00% Unchanged
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 126,000126.0k $133.7k $133.7k 0.00% New
10 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 106,000106.0k $112.8k $112.8k 0.00% Reduced -109.0k -109,000
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 35,00035.0k $37.2k $37.2k 0.00% Unchanged
12 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 17,00017.0k $18.1k $18.1k 0.00% Added +5.0k +5,000
13 Verition Fund Management LLC 0.14% of their portfolio GREENWICH, CT 10,06310.1k $10.7m $10.7m 0.14% Unchanged
14 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 5,0005.0k $538.0k $538.0k 0.01% Unchanged
15 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged