Vault-13

T1 ENERGY INC TE 5.25 12.01.30

NOTE 5.250%12/0 · US DOMESTIC · CUSIP 35834FAB0

20 institutional holders -1 vs Q1 2026
7,000,0007.0m shares reported held*
$267.8mreported value*
4 new 9 added 4 reduced 5 sold out net sold ≈ $12.8m (-500.0k 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. Holder counts are more reliable. Implied quarter-end price ≈ $38.25.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0102030Q4 25: 25Q1 26: 21Q2 26: 2020Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q4 202525
Q1 202621
Q2 202620

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 26: 11 bought or addedQ1 26: 14 cut or sold outQ1 26Q2 26: 13 bought or addedQ2 26: 9 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 20261114
Q2 2026139

Biggest buyers

CITADEL ADVISORS LLC New +14,500,000+14.5m
Linden Advisors LP Added +12,750,000+12.8m
BNP PARIBAS FINANCIAL MARKETS Added +5,978,000+6.0m
LAZARD ASSET MANAGEMENT LLC Added +3,022,000+3.0m
WHITEBOX ADVISORS LLC Added +3,000,000+3.0m
JPMORGAN CHASE & CO Added +950,000+950.0k
Ares Systematic Credit Ltd Added +700,000+700.0k
SSI INVESTMENT MANAGEMENT LLC New +500,000+500.0k
ADVENT CAPITAL MANAGEMENT /DE/ Added +250,000+250.0k
SHENKMAN CAPITAL MANAGEMENT INC Added +200,000+200.0k

Biggest sellers

Graham Capital Management, L.P. Sold out -10,500,000-10.5m
Context Capital Management, LLC Reduced -9,600,000-9.6m
D. E. Shaw & Co., Inc. Reduced -9,000,000-9.0m
Balyasny Asset Management L.P. Sold out -6,250,000-6.2m
ZAZOVE ASSOCIATES LLC Sold out -5,950,000-6.0m
MILLENNIUM MANAGEMENT LLC Reduced -3,000,000-3.0m
TWO SIGMA INVESTMENTS, LP Reduced -1,000,000-1.0m
MORGAN STANLEY Sold out -500,000-500.0k
SSI INVESTMENT MANAGEMENT LLC Sold out -500,000-500.0k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.63% of their portfolio New York, NY 71,650,00071.7m $121.4m $121.4m 0.63% Added +12.8m +12,750,000
2 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 14,500,00014.5m $24.9m $24.9m 0.01% New
3 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 13,750,00013.8m $23.6m $23.6m 0.01% Reduced -9.0m -9,000,000
4 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 9,000,0009.0m $15.6m $15.6m 0.01% Reduced -1.0m -1,000,000
5 ABSOLUTE INVESTMENT ADVISERS, LLC 1.15% of their portfolio ROSEMARY BEACH, FL 7,000,0007.0m $11.9m $11.9m 1.15% Unchanged
6 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 6,972,0007.0m $12.1m $12.1m 0.01% Added +6.0m +5,978,000
7 WHITEBOX ADVISORS LLC 0.17% of their portfolio MINNEAPOLIS, MN 6,000,0006.0m $10.4m $10.4m 0.17% Added +3.0m +3,000,000
8 Jump Financial, LLC 0.08% of their portfolio Chicago, IL 5,000,0005.0m $8.7m $8.7m 0.08% Unchanged
9 Context Capital Management, LLC 0.15% of their portfolio LAJOLLA, CA 4,400,0004.4m $7.6m $7.6m 0.15% Reduced -9.6m -9,600,000
10 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 3,528,0003.5m $61.2k $61.2k 0.00% Added +3.0m +3,022,000
11 ADVENT CAPITAL MANAGEMENT /DE/ 0.13% of their portfolio NEW YORK, NY 3,350,0003.4m $5.8m $5.8m 0.13% Added +250.0k +250,000
12 SHENKMAN CAPITAL MANAGEMENT INC 0.46% of their portfolio NEW YORK, NY 1,850,0001.9m $3.3m $3.3m 0.46% Added +200.0k +200,000
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,700,0001.7m $3.2m $3.2m 0.00% Added +950.0k +950,000
14 Ares Systematic Credit Ltd 1.79% of their portfolio LONDON, X0 1,700,0001.7m $2.9m $2.9m 1.79% Added +700.0k +700,000
15 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,400,0001.4m $2.4m $2.4m 0.00% Reduced -3.0m -3,000,000
16 SSI INVESTMENT MANAGEMENT LLC 0.05% of their portfolio Los Angeles, CA 500,000500.0k $855.3k $855.3k 0.05% New
17 Skaana Management L.P. 0.23% of their portfolio BROOKLYN, NY 500,000500.0k $852.9k $852.9k 0.23% Unchanged
18 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 200,000200.0k $377.5k $377.5k 0.00% New
19 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 17,50017.5k $2.9m $2.9m 0.00% New
20 K2 PRINCIPAL FUND, L.P. 0.82% of their portfolio TORONTO, A6 5,2505.2k $9.0m $9.0m 0.82% Added +2.8k +2,750