EVOLENT HEALTH INC EVH 3.5 12.01.29

NOTE 3.500%12/0 · US DOMESTIC · CUSIP 30050BAH4

20 institutional holders -2 vs Q1 2026

10,500,00010.5m shares reported held*

$285.3mreported value*

1 new 6 added 3 reduced 3 sold out net bought ≈ $26.0m

* 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 ≈ $27.17.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

Numbers

Quarter	Holders
Q4 2024	31
Q1 2025	38
Q2 2025	30
Q3 2025	33
Q4 2025	30
Q1 2026	22
Q2 2026	20

Buyers vs sellers

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

Bought or addedCut or sold out

Numbers

Quarter	Bought or added	Cut or sold out
Q1 2025	18	15
Q2 2025	16	17
Q3 2025	13	14
Q4 2025	13	9
Q1 2026	6	19
Q2 2026	7	6

Biggest buyers

Linden Advisors LP	Added	+20,000,000+20.0m
Context Capital Management, LLC	Added	+8,100,000+8.1m
DeepCurrents Investment Group LLC	Added	+5,819,000+5.8m
Engaged Capital LLC	New	+5,500,000+5.5m
BlackRock, Inc.	Added	+1,600,000+1.6m
ADVENT CAPITAL MANAGEMENT /DE/	Added	+1,566,000+1.6m
STATE STREET CORP	Added	+1,000,000+1.0m

Biggest sellers

CAMDEN ASSET MANAGEMENT L P /CA	Reduced	-4,500,000-4.5m
MORGAN STANLEY	Sold out	-1,615,000-1.6m
CITIGROUP INC	Reduced	-1,031,000-1.0m
Daiwa Securities Group Inc.	Sold out	-1,000,000-1.0m
PALISADE CAPITAL MANAGEMENT, LP	Sold out	-485,000-485.0k
FMR LLC	Reduced	-35,000-35.0k

Holders, Q2 2026

#	Manager	Location	Shares	Value	% of their portfolio	Change	Shares change
1	Linden Advisors LP 0.50% of their portfolio	New York, NY	128,850,000128.8m $96.3m	$96.3m	0.50%	Added +20.0m	+20,000,000
2	Context Capital Management, LLC 1.20% of their portfolio	LAJOLLA, CA	79,871,00079.9m $59.6m	$59.6m	1.20%	Added +8.1m	+8,100,000
3	PenderFund Capital Management Ltd. 4.03% of their portfolio	VANCOUVER, A1	42,017,00042.0m $31.5m	$31.5m	4.03%	Unchanged
4	DeepCurrents Investment Group LLC 0.77% of their portfolio	NEW YORK, NY	29,987,00030.0m $22.4m	$22.4m	0.77%	Added +5.8m	+5,819,000
5	D. E. Shaw & Co., Inc. 0.01% of their portfolio	New York, NY	20,181,00020.2m $14.9m	$14.9m	0.01%	Unchanged
6	CAMDEN ASSET MANAGEMENT L P /CA 0.31% of their portfolio	Los Angeles, CA	14,554,00014.6m $10.8m	$10.8m	0.31%	Reduced -4.5m	-4,500,000
7	Ewing Morris & Co. Investment Partners Ltd. 4.16% of their portfolio	TORONTO, Z4	10,500,00010.5m $8.0m	$8.0m	4.16%	Unchanged
8	SILVERBACK ASSET MANAGEMENT LLC 0.94% of their portfolio	DURHAM, NC	10,000,00010.0m $7.4m	$7.4m	0.94%	Unchanged
9	STATE STREET CORP 0.00% of their portfolio	BOSTON, MA	9,950,0009.9m $7.4m	$7.4m	0.00%	Added +1.0m	+1,000,000
10	BlackRock, Inc. 0.00% of their portfolio	New York, NY	7,575,0007.6m $5.6m	$5.6m	0.00%	Added +1.6m	+1,600,000
11	AMERIPRISE FINANCIAL INC 0.00% of their portfolio	MINNEAPOLIS, MN	7,000,0007.0m $5.2m	$5.2m	0.00%	Unchanged
12	Engaged Capital LLC 1.27% of their portfolio	Newport Beach, CA	5,500,0005.5m $4.2m	$4.2m	1.27%	New
13	FMR LLC 0.00% of their portfolio	BOSTON, MA	5,496,0005.5m $4.1m	$4.1m	0.00%	Reduced -35.0k	-35,000
14	CITIGROUP INC 0.00% of their portfolio	NEW YORK, NY	4,208,0004.2m $3.1m	$3.1m	0.00%	Reduced -1.0m	-1,031,000
15	ADVENT CAPITAL MANAGEMENT /DE/ 0.07% of their portfolio	NEW YORK, NY	4,121,0004.1m $3.1m	$3.1m	0.07%	Added +1.6m	+1,566,000
16	Claret Asset Management Corp 0.08% of their portfolio	MONTREAL, A8	1,000,0001.0m $751.0k	$751.0k	0.08%	Unchanged
17	AGF MANAGEMENT LTD 0.00% of their portfolio	TORONTO, A6	350,000350.0k $259.4k	$259.4k	0.00%	Unchanged
18	TRUIST FINANCIAL CORP 0.00% of their portfolio	CHARLOTTE, NC	49,00049.0k $36.3k	$36.3k	0.00%	Unchanged
19	SG Americas Securities, LLC 0.00% of their portfolio	NEW YORK, NY	9,4509.4k $711.0k	$711.0k	0.00%	Unchanged
20	BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio	PARIS, I0	1,0001.0k $741	$741	0.00%	Unchanged