Vault-13

FRESHPET INC FRPT 3 04.01.28

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

43 institutional holders +2 vs Q3 2025
14,003,95314.0m shares reported held*
$485.7mreported value*
7 new 11 added 8 reduced 5 sold out net bought ≈ $3.5m (+1.4m 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 ≈ $34.68.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q1 24: 35Q2 24: 37Q3 24: 39Q4 24: 39Q1 25: 32Q2 25: 31Q3 25: 41Q4 25: 4343Q1 24Q3 24Q1 25Q3 25Q4 25
Numbers
QuarterHolders
Q1 202435
Q2 202437
Q3 202439
Q4 202439
Q1 202532
Q2 202531
Q3 202541
Q4 202543

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 outQ4 24: 15 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 14 bought or addedQ1 25: 23 cut or sold outQ2 25: 13 bought or addedQ2 25: 15 cut or sold outQ2 25Q3 25: 23 bought or addedQ3 25: 12 cut or sold outQ4 25: 18 bought or addedQ4 25: 13 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q2 20241917
Q3 20241617
Q4 20241514
Q1 20251423
Q2 20251315
Q3 20252312
Q4 20251813

Biggest buyers

BANK OF MONTREAL /CAN/ Added +52,500,000+52.5m
LORD, ABBETT & CO. LLC New +10,559,000+10.6m
BANK OF AMERICA CORP /DE/ Added +5,490,000+5.5m
ADVENT CAPITAL MANAGEMENT /DE/ Added +5,103,000+5.1m
OAKTREE CAPITAL MANAGEMENT LP Added +3,000,000+3.0m
CITIGROUP INC Added +2,920,000+2.9m
HBK INVESTMENTS L P Added +2,200,000+2.2m
ZAZOVE ASSOCIATES LLC Added +2,000,000+2.0m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. New +1,640,000+1.6m
CAPSTONE INVESTMENT ADVISORS, LLC Added +1,500,000+1.5m

Biggest sellers

WOLVERINE ASSET MANAGEMENT LLC Reduced -56,871,000-56.9m
CITADEL ADVISORS LLC Reduced -19,303,000-19.3m
SUSQUEHANNA ADVISORS GROUP, INC. Sold out -10,225,000-10.2m
Calamos Advisors LLC Sold out -8,000,000-8.0m
Invesco Ltd. Sold out -2,000,000-2.0m
FMR LLC Reduced -623,000-623.0k
MacKay Shields LLC Reduced -225,000-225.0k
NEW YORK STATE COMMON RETIREMENT FUND Reduced -151,000-151.0k
JANE STREET GROUP, LLC Sold out -75,000-75.0k
Bank of New York Mellon Corp Reduced -50,000-50.0k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 66,500,00066.5m $77.8m $77.8m 0.03% Added +52.5m +52,500,000
2 WHITEBOX ADVISORS LLC 0.61% of their portfolio MINNEAPOLIS, MN 31,436,00031.4m $36.7m $36.7m 0.61% Unchanged
3 Alberta Investment Management Corp 0.21% of their portfolio EDMONTON, A0 30,000,00030.0m $35.1m $35.1m 0.21% Unchanged
4 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 29,000,00029.0m $34.0m $34.0m 0.01% Unchanged
5 READYSTATE ASSET MANAGEMENT LP 1.43% of their portfolio CHICAGO, IL 27,500,00027.5m $32.2m $32.2m 1.43% Unchanged
6 HBK INVESTMENTS L P 0.35% of their portfolio DALLAS, TX 27,200,00027.2m $31.9m $31.9m 0.35% Added +2.2m +2,200,000
7 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 26,463,00026.5m $31.0m $31.0m 0.02% Reduced -19.3m -19,303,000
8 MacKay Shields LLC 0.87% of their portfolio New York, NY 21,347,00021.3m $25.0m $25.0m 0.87% Reduced -225.0k -225,000
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 17,187,60017.2m $20.1m $20.1m 0.00% Added +5.5m +5,490,000
10 WOLVERINE ASSET MANAGEMENT LLC 0.23% of their portfolio CHICAGO, IL 13,943,00013.9m $16.3m $16.3m 0.23% Reduced -56.9m -56,871,000
11 ADVENT CAPITAL MANAGEMENT /DE/ 0.37% of their portfolio NEW YORK, NY 13,767,00013.8m $16.2m $16.2m 0.37% Added +5.1m +5,103,000
12 FMR LLC 0.00% of their portfolio BOSTON, MA 12,686,00012.7m $14.8m $14.8m 0.00% Reduced -623.0k -623,000
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 11,476,00011.5m $13.6m $13.6m 0.00% Added +1.3m +1,320,000
14 ABSOLUTE INVESTMENT ADVISERS, LLC 1.46% of their portfolio ROSEMARY BEACH, FL 11,000,00011.0m $12.8m $12.8m 1.46% Unchanged
15 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 10,559,00010.6m $12.4m $12.4m 0.04% New
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,824,0008.8m $10.4m $10.4m 0.00% Added +200.0k +200,000
17 CAPSTONE INVESTMENT ADVISORS, LLC 0.08% of their portfolio NEW YORK, NY 8,000,0008.0m $9.4m $9.4m 0.08% Added +1.5m +1,500,000
18 OAKTREE CAPITAL MANAGEMENT LP 0.14% of their portfolio LOS ANGELES, CA 7,300,0007.3m $8.6m $8.6m 0.14% Added +3.0m +3,000,000
19 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 6,006,0006.0m $7.0m $7.0m 0.00% Unchanged
20 ZAZOVE ASSOCIATES LLC 0.58% of their portfolio INCLINE VILLAGE, NV 5,770,0005.8m $6.8m $6.8m 0.58% Added +2.0m +2,000,000
21 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 5,398,0005.4m $6.3m $6.3m 0.00% Added +2.9m +2,920,000
22 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,050,0005.0m $5.9m $5.9m 0.00% Added +1.1m +1,075,000
23 Weiss Asset Management LP 0.08% of their portfolio BOSTON, MA 5,000,0005.0m $5.9m $5.9m 0.08% Not comparable
24 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 1,640,0001.6m $1.9m $1.9m 0.00% New
25 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,200,0001.2m $1.4m $1.4m 0.00% Unchanged
26 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 778,000778.0k $909.5k $909.5k 0.00% Reduced -151.0k -151,000
27 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 704,000704.0k $840.2k $840.2k 0.01% New
28 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 661,000661.0k $780.9k $780.9k 0.00% Reduced -12.0k -12,000
29 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 250,000250.0k $295.4k $295.4k 0.00% Reduced -50.0k -50,000
30 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 179,000179.0k $209.3k $209.3k 0.00% Unchanged
31 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 145,000145.0k $171.0k $171.0k 0.00% New
32 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 79,00079.0k $92.4k $92.4k 0.00% Unchanged
33 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 48,95349.0k $3.0m $3.0m 0.00% Reduced -10.2k -10,190
34 CSS LLC/IL 0.00% of their portfolio CHICAGO, IL 29,00029.0k $34.0k $34.0k 0.00% Unchanged
35 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 24,00024.0k $28.1k $28.1k 0.00% Unchanged
36 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 23,00023.0k $26.9k $26.9k 0.00% New
37 Balboa Wealth Partners 0.00% of their portfolio SCOTTSDALE, AZ 12,00012.0k $14.0k $14.0k 0.00% Unchanged
38 K2 PRINCIPAL FUND, L.P. 0.60% of their portfolio TORONTO, A6 5,0005.0k $5.9m $5.9m 0.60% New
39 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 3,0003.0k $3.5k $3.5k 0.00% New
40 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0001.0k $1.2k $1.2k 0.00% Unchanged
41 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,0001.0k $1.2k $1.2k 0.00% Unchanged
42 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,0001.0k $1.2k $1.2k 0.00% Unchanged
43 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0001.0k $1.2k $1.2k 0.00% Unchanged