Vault-13

EVOLENT HEALTH INC

DEBT 4.500% 8/1 · CUSIP 30050BAJ0

19 institutional holders +0 vs Q1 2026
7,500,0007.5m shares reported held*
$130.1mreported value*
1 new 2 added 3 reduced 1 sold out net sold ≈ $3.2m

* 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 ≈ $17.35.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0102030Q3 25: 24Q4 25: 22Q1 26: 19Q2 26: 1919Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 202524
Q4 202522
Q1 202619
Q2 202619

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q4 25: 9 bought or addedQ4 25: 10 cut or sold outQ4 25Q1 26: 7 bought or addedQ1 26: 9 cut or sold outQ1 26Q2 26: 3 bought or addedQ2 26: 4 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 2025910
Q1 202679
Q2 202634

Biggest buyers

PenderFund Capital Management Ltd. Added +7,870,000+7.9m
Context Capital Management, LLC Added +3,000,000+3.0m
Ares Systematic Credit Ltd New +1,100,000+1.1m

Biggest sellers

WHITEBOX ADVISORS LLC Reduced -5,870,000-5.9m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -4,600,000-4.6m
SILVERBACK ASSET MANAGEMENT LLC Reduced -3,131,000-3.1m
Daiwa Securities Group Inc. Sold out -2,369,000-2.4m

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Arena Capital Advisors, LLC- CA 11.60% of their portfolio LOS ANGELES, CA 29,620,00029.6m $24.1m $24.1m 11.60% Unchanged
2 PenderFund Capital Management Ltd. 2.44% of their portfolio VANCOUVER, A1 23,370,00023.4m $19.0m $19.0m 2.44% Added +7.9m +7,870,000
3 TENOR CAPITAL MANAGEMENT Co., L.P. 0.20% of their portfolio NEW YORK, NY 17,500,00017.5m $14.3m $14.3m 0.20% Unchanged
4 Linden Advisors LP 0.06% of their portfolio New York, NY 13,650,00013.7m $10.8m $10.8m 0.06% Unchanged
5 SILVERBACK ASSET MANAGEMENT LLC 1.34% of their portfolio DURHAM, NC 13,518,00013.5m $10.6m $10.6m 1.34% Reduced -3.1m -3,131,000
6 Alberta Investment Management Corp 0.05% of their portfolio EDMONTON, A0 10,000,00010.0m $7.9m $7.9m 0.05% Unchanged
7 CAMDEN ASSET MANAGEMENT L P /CA 0.22% of their portfolio Los Angeles, CA 9,357,0009.4m $7.4m $7.4m 0.22% Reduced -4.6m -4,600,000
8 Context Capital Management, LLC 0.15% of their portfolio LAJOLLA, CA 9,184,0009.2m $7.3m $7.3m 0.15% Added +3.0m +3,000,000
9 ADVENT CAPITAL MANAGEMENT /DE/ 0.15% of their portfolio NEW YORK, NY 8,037,0008.0m $6.5m $6.5m 0.15% Unchanged
10 ABSOLUTE INVESTMENT ADVISERS, LLC 0.57% of their portfolio ROSEMARY BEACH, FL 7,500,0007.5m $5.9m $5.9m 0.57% Unchanged
11 Hudson Bay Capital Management LP 0.02% of their portfolio STAMFORD, CT 5,000,0005.0m $4.0m $4.0m 0.02% Unchanged
12 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 4,500,0004.5m $3.6m $3.6m 0.00% Unchanged
13 BlueCrest Capital Management Ltd 0.13% of their portfolio ST HELIER, Y9 3,969,0004.0m $3.1m $3.1m 0.13% Unchanged
14 WHITEBOX ADVISORS LLC 0.03% of their portfolio MINNEAPOLIS, MN 2,630,0002.6m $2.1m $2.1m 0.03% Reduced -5.9m -5,870,000
15 Ares Systematic Credit Ltd 0.53% of their portfolio LONDON, X0 1,100,0001.1m $876.6k $876.6k 0.53% New
16 CSS LLC/IL 0.04% of their portfolio CHICAGO, IL 1,025,0001.0m $808.1k $808.1k 0.04% Unchanged
17 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,025,0001.0m $828.2k $828.2k 0.00% Unchanged
18 CAPSTONE INVESTMENT ADVISORS, LLC 0.01% of their portfolio NEW YORK, NY 1,000,0001.0m $796.9k $796.9k 0.01% Unchanged
19 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 290,000290.0k $228.7k $228.7k 0.00% Unchanged