Vault-13

EVOLENT HEALTH INC EVH 1.5 10.15.25

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

13 institutional holders -2 vs Q3 2023
5,407,0005.4m shares reported held*
$202.5mreported value*
0 new 6 added 4 reduced 2 sold out net bought ≈ $9.0m (-240.0k 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 ($13.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $39.86.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 23Q4 22: 26Q1 23: 17Q2 23: 19Q3 23: 15Q4 23: 1313Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202223
Q4 202226
Q1 202317
Q2 202319
Q3 202315
Q4 202313

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 23Q4 23: 6 bought or addedQ4 23: 6 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022127
Q1 2023615
Q2 2023106
Q3 202358
Q4 202366

Biggest buyers

JPMORGAN CHASE & CO Added +10,194,000+10.2m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +6,369,000+6.4m
DeepCurrents Investment Group LLC Added +5,000,000+5.0m
MORGAN STANLEY Added +35,000+35.0k
SG Americas Securities, LLC Added +14,500+14.5k
Verition Fund Management LLC Added +1,288+1.3k

Biggest sellers

ADVENT CAPITAL MANAGEMENT /DE/ Reduced -7,957,000-8.0m
CITADEL ADVISORS LLC Sold out -5,287,000-5.3m
Sonora Investment Management Group, LLC Reduced -240,000-240.0k
BLAIR WILLIAM & CO/IL Reduced -150,000-150.0k
BARCLAYS PLC Sold out -106,000-106.0k
Marcum Wealth, LLC Reduced -2,000-2.0k

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.52% of their portfolio NEW YORK, NY 73,869,00073.9m $85.2m $85.2m 1.52% Added +6.4m +6,369,000
2 DeepCurrents Investment Group LLC 1.59% of their portfolio NEW YORK, NY 36,028,00036.0m $41.2m $41.2m 1.59% Added +5.0m +5,000,000
3 LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 32,000,00032.0m $36.6m $36.6m 0.05% Unchanged
4 ADVENT CAPITAL MANAGEMENT /DE/ 0.34% of their portfolio NEW YORK, NY 12,920,00012.9m $14.8m $14.8m 0.34% Reduced -8.0m -7,957,000
5 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 10,320,00010.3m $11.9m $11.9m 0.00% Added +10.2m +10,194,000
6 Sonora Investment Management Group, LLC 0.50% of their portfolio TUCSON, AZ 5,407,0005.4m $6.2m $6.2m 0.50% Reduced -240.0k -240,000
7 COURAGE CAPITAL MANAGEMENT LLC 15.84% of their portfolio NASHVILLE, TN 3,434,0003.4m $3.9m $3.9m 15.84% Unchanged
8 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 365,000365.0k $415.4k $415.4k 0.00% Reduced -150.0k -150,000
9 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 70,00070.0k $79.7k $79.7k 0.00% Added +35.0k +35,000
10 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 19,50019.5k $2.2m $2.2m 0.02% Added +14.5k +14,500
11 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 15,00015.0k $17.1k $17.1k 0.00% Reduced -2.0k -2,000
12 Verition Fund Management LLC 0.13% of their portfolio GREENWICH, CT 11,35111.4k $13.0m $13.0m 0.13% Added +1.3k +1,288
13 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged