Vault-13

FRESHPET INC FRPT 3 04.01.28

NOTE 3.000% 4/0 · US DOMESTIC · CUSIP 358039AB1

41 institutional holders +10 vs Q2 2025
12,577,14312.6m shares reported held*
$455.2mreported value*
14 new 9 added 8 reduced 4 sold out net bought ≈ $24.2m (+1.2m 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. Holder counts are more reliable. Implied quarter-end price ≈ $36.19.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q1 24: 35Q2 24: 37Q3 24: 39Q4 24: 39Q1 25: 32Q2 25: 31Q3 25: 4141Q1 24Q3 24Q1 25Q3 25
Numbers
QuarterHolders
Q1 202435
Q2 202437
Q3 202439
Q4 202439
Q1 202532
Q2 202531
Q3 202541

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 19 bought or addedQ2 24: 17 cut or sold outQ2 24Q3 24: 16 bought or addedQ3 24: 17 cut or sold outQ3 24Q4 24: 15 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 14 bought or addedQ1 25: 23 cut or sold outQ1 25Q2 25: 13 bought or addedQ2 25: 15 cut or sold outQ2 25Q3 25: 23 bought or addedQ3 25: 12 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q2 20241917
Q3 20241617
Q4 20241514
Q1 20251423
Q2 20251315
Q3 20252312

Biggest buyers

MacKay Shields LLC New +21,572,000+21.6m
HBK INVESTMENTS L P Added +15,000,000+15.0m
JPMORGAN CHASE & CO Added +8,584,000+8.6m
CAPSTONE INVESTMENT ADVISORS, LLC New +6,500,000+6.5m
FMR LLC Added +6,440,000+6.4m
ADVENT CAPITAL MANAGEMENT /DE/ Added +5,375,000+5.4m
OAKTREE CAPITAL MANAGEMENT LP New +4,300,000+4.3m
READYSTATE ASSET MANAGEMENT LP Added +4,060,000+4.1m
ZAZOVE ASSOCIATES LLC New +3,770,000+3.8m
Alberta Investment Management Corp Added +2,500,000+2.5m

Biggest sellers

CITADEL ADVISORS LLC Reduced -37,000,000-37.0m
WHITEBOX ADVISORS LLC Reduced -9,794,000-9.8m
ARISTEIA CAPITAL, L.L.C. Sold out -6,000,000-6.0m
BANK OF AMERICA CORP /DE/ Reduced -3,272,000-3.3m
SUSQUEHANNA ADVISORS GROUP, INC. Reduced -2,775,000-2.8m
AXA S.A. Sold out -1,890,000-1.9m
Universal- Beteiligungs- und Servicegesellschaft mbH Reduced -1,626,000-1.6m
CITIGROUP INC Reduced -1,005,000-1.0m
BARCLAYS PLC Sold out -373,000-373.0k
BlackRock, Inc. Reduced -75,000-75.0k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WOLVERINE ASSET MANAGEMENT LLC 1.16% of their portfolio CHICAGO, IL 70,814,00070.8m $79.7m $79.7m 1.16% Added +1.0m +1,000,000
2 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 45,766,00045.8m $51.5m $51.5m 0.04% Reduced -37.0m -37,000,000
3 WHITEBOX ADVISORS LLC 0.66% of their portfolio MINNEAPOLIS, MN 31,436,00031.4m $35.3m $35.3m 0.66% Reduced -9.8m -9,794,000
4 Alberta Investment Management Corp 0.24% of their portfolio EDMONTON, A0 30,000,00030.0m $33.7m $33.7m 0.24% Added +2.5m +2,500,000
5 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 29,000,00029.0m $32.7m $32.7m 0.01% Unchanged
6 READYSTATE ASSET MANAGEMENT LP 1.51% of their portfolio CHICAGO, IL 27,500,00027.5m $31.0m $31.0m 1.51% Added +4.1m +4,060,000
7 HBK INVESTMENTS L P 0.42% of their portfolio DALLAS, TX 25,000,00025.0m $28.3m $28.3m 0.42% Added +15.0m +15,000,000
8 MacKay Shields LLC 0.83% of their portfolio New York, NY 21,572,00021.6m $24.3m $24.3m 0.83% New
9 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 14,000,00014.0m $15.8m $15.8m 0.01% Unchanged
10 FMR LLC 0.00% of their portfolio BOSTON, MA 13,309,00013.3m $15.0m $15.0m 0.00% Added +6.4m +6,440,000
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 11,697,60011.7m $13.1m $13.1m 0.00% Reduced -3.3m -3,272,000
12 ABSOLUTE INVESTMENT ADVISERS, LLC 1.56% of their portfolio ROSEMARY BEACH, FL 11,000,00011.0m $12.4m $12.4m 1.56% Unchanged
13 SUSQUEHANNA ADVISORS GROUP, INC. 0.00% of their portfolio BALA CYNWYD, PA 10,225,00010.2m $114.5k $114.5k 0.00% Reduced -2.8m -2,775,000
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 10,156,00010.2m $11.4m $11.4m 0.00% Added +8.6m +8,584,000
15 ADVENT CAPITAL MANAGEMENT /DE/ 0.22% of their portfolio NEW YORK, NY 8,664,0008.7m $9.8m $9.8m 0.22% Added +5.4m +5,375,000
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,624,0008.6m $9.8m $9.8m 0.00% Added +500.0k +500,000
17 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 8,000,0008.0m $9.0m $9.0m 0.04% Unchanged
18 CAPSTONE INVESTMENT ADVISORS, LLC 0.06% of their portfolio NEW YORK, NY 6,500,0006.5m $7.3m $7.3m 0.06% New
19 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 6,006,0006.0m $6.8m $6.8m 0.01% Unchanged
20 OAKTREE CAPITAL MANAGEMENT LP 0.08% of their portfolio LOS ANGELES, CA 4,300,0004.3m $4.8m $4.8m 0.08% New
21 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,975,0004.0m $4.5m $4.5m 0.00% Reduced -75.0k -75,000
22 ZAZOVE ASSOCIATES LLC 0.38% of their portfolio INCLINE VILLAGE, NV 3,770,0003.8m $4.2m $4.2m 0.38% New
23 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,478,0002.5m $2.8m $2.8m 0.00% Reduced -1.0m -1,005,000
24 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,000,0002.0m $2.2m $2.2m 0.00% Added +1.0m +1,000,000
25 AXA Investment Managers S.A. 0.01% of their portfolio PUTEAUX, I0 1,640,0001.6m $1.9m $1.9m 0.01% First filing
26 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,200,0001.2m $1.4m $1.4m 0.00% Reduced -1.6m -1,626,000
27 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 929,000929.0k $1.0m $1.0m 0.00% New
28 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 673,000673.0k $757.2k $757.2k 0.00% New
29 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $337.5k $337.5k 0.00% Unchanged
30 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 179,000179.0k $201.2k $201.2k 0.00% New
31 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 79,00079.0k $88.8k $88.8k 0.00% New
32 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 75,00075.0k $84.4k $84.4k 0.00% New
33 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 59,14359.1k $3.3m $3.3m 0.00% Reduced -29.1k -29,062
34 CSS LLC/IL 0.00% of their portfolio CHICAGO, IL 29,00029.0k $32.8k $32.8k 0.00% New
35 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 24,00024.0k $27.0k $27.0k 0.00% New
36 Balboa Wealth Partners 0.00% of their portfolio SCOTTSDALE, AZ 12,00012.0k $13.6k $13.6k 0.00% New
37 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 5,0005.0k $562.0k $562.0k 0.00% New
38 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0001.0k $1.1k $1.1k 0.00% Unchanged
39 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,0001.0k $1.1k $1.1k 0.00% Unchanged
40 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,0001.0k $1.1k $1.1k 0.00% New
41 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0001.0k $1.1k $1.1k 0.00% Unchanged