Vault-13

GRANITE CONSTR INC GVA 3.75 05.15.28

NOTE 3.750% 5/1 · US DOMESTIC · CUSIP 387328AD9

31 institutional holders -11 vs Q3 2024
9,223,4939.2m shares reported held*
$728.7mreported value*
1 new 12 added 10 reduced 12 sold out net bought ≈ $14.0m (-17.0m 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 ≈ $79.00.

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q2 24: 33Q3 24: 42Q4 24: 3131Q2 24Q3 24Q4 24
Numbers
QuarterHolders
Q2 202433
Q3 202442
Q4 202431

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 18 bought or addedQ3 24: 20 cut or sold outQ3 24Q4 24: 13 bought or addedQ4 24: 22 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q3 20241820
Q4 20241322

Biggest buyers

Linden Advisors LP Added +28,431,000+28.4m
D. E. Shaw & Co., Inc. Added +20,500,000+20.5m
Polar Asset Management Partners Inc. Added +10,000,000+10.0m
Alberta Investment Management Corp Added +8,000,000+8.0m
BANK OF AMERICA CORP /DE/ Added +7,065,000+7.1m
LORD, ABBETT & CO. LLC New +5,031,000+5.0m
CITADEL ADVISORS LLC Added +5,000,000+5.0m
Warberg Asset Management LLC Added +3,058,000+3.1m
ARISTEIA CAPITAL, L.L.C. Added +2,000,000+2.0m
STATE STREET CORP Added +925,000+925.0k

Biggest sellers

CAMDEN ASSET MANAGEMENT L P /CA Sold out -16,855,000-16.9m
LMR Partners LLP Sold out -15,000,000-15.0m
LORD, ABBETT & CO. LLC Sold out -14,944,000-14.9m
WOLVERINE ASSET MANAGEMENT LLC Sold out -8,288,000-8.3m
Man Group plc Reduced -6,923,000-6.9m
SSI INVESTMENT MANAGEMENT LLC Reduced -6,357,000-6.4m
JPMORGAN CHASE & CO Reduced -3,372,000-3.4m
BNP PARIBAS FINANCIAL MARKETS Sold out -2,500,000-2.5m
ABSOLUTE INVESTMENT ADVISERS, LLC Reduced -2,000,000-2.0m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -2,000,000-2.0m

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Polar Asset Management Partners Inc. 1.59% of their portfolio TORONTO, A6 55,000,00055.0m $108.0m $108.0m 1.59% Added +10.0m +10,000,000
2 READYSTATE ASSET MANAGEMENT LP 4.39% of their portfolio CHICAGO, IL 53,000,00053.0m $104.3m $104.3m 4.39% Reduced -1.5m -1,500,000
3 D. E. Shaw & Co., Inc. 0.10% of their portfolio New York, NY 48,000,00048.0m $94.2m $94.2m 0.10% Added +20.5m +20,500,000
4 Linden Advisors LP 0.67% of their portfolio New York, NY 40,931,00040.9m $80.4m $80.4m 0.67% Added +28.4m +28,431,000
5 TENOR CAPITAL MANAGEMENT Co., L.P. 1.10% of their portfolio NEW YORK, NY 40,000,00040.0m $78.7m $78.7m 1.10% Unchanged
6 Man Group plc 0.09% of their portfolio LONDON, X0 15,580,00015.6m $30.6m $30.6m 0.09% Reduced -6.9m -6,923,000
7 FMR LLC 0.00% of their portfolio BOSTON, MA 15,134,00015.1m $29.7m $29.7m 0.00% Reduced -714.0k -714,000
8 Alberta Investment Management Corp 0.20% of their portfolio EDMONTON, A0 15,000,00015.0m $29.7m $29.7m 0.20% Added +8.0m +8,000,000
9 BlackRock, Inc. 0.00% of their portfolio New York, NY 12,680,00012.7m $24.9m $24.9m 0.00% Reduced -400.0k -400,000
10 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 10,000,00010.0m $19.6m $19.6m 0.02% Added +5.0m +5,000,000
11 ABSOLUTE INVESTMENT ADVISERS, LLC 2.27% of their portfolio ROSEMARY BEACH, FL 9,000,0009.0m $17.6m $17.6m 2.27% Reduced -2.0m -2,000,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,293,0008.3m $16.4m $16.4m 0.00% Added +925.0k +925,000
13 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 7,826,0007.8m $15.4m $15.4m 0.00% Added +7.1m +7,065,000
14 Calamos Advisors LLC 0.06% of their portfolio NAPERVILLE, IL 7,041,0007.0m $13.9m $13.9m 0.06% Reduced -10.0k -10,000
15 ARISTEIA CAPITAL, L.L.C. 0.43% of their portfolio GREENWICH, CT 6,000,0006.0m $11.8m $11.8m 0.43% Added +2.0m +2,000,000
16 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 5,031,0005.0m $9.9m $9.9m 0.03% New
17 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio TORONTO, A6 5,000,0005.0m $9.8m $9.8m 0.02% Unchanged
18 CAPSTONE INVESTMENT ADVISORS, LLC 0.09% of their portfolio NEW YORK, NY 4,651,0004.7m $9.2m $9.2m 0.09% Reduced -2.0m -2,000,000
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,628,0003.6m $7.2m $7.2m 0.00% Reduced -3.4m -3,372,000
20 Warberg Asset Management LLC 1.68% of their portfolio WINNETKA, IL 3,102,0003.1m $6.1m $6.1m 1.68% Added +3.1m +3,058,000
21 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,484,0002.5m $3.6m $3.6m 0.00% Added +696.0k +696,000
22 AGF MANAGEMENT LTD 0.02% of their portfolio TORONTO, A6 1,950,0001.9m $3.8m $3.8m 0.02% Unchanged
23 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 646,000646.0k $1.3m $1.3m 0.00% Added +40.0k +40,000
24 SSI INVESTMENT MANAGEMENT LLC 0.05% of their portfolio Los Angeles, CA 329,000329.0k $646.1k $646.1k 0.05% Reduced -6.4m -6,357,000
25 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 215,000215.0k $423.3k $423.3k 0.00% Added +33.0k +33,000
26 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $392.2k $392.2k 0.00% Unchanged
27 Virtus Investment Advisers, LLC 0.07% of their portfolio HARTFORD, CT 45,00045.0k $88.4k $88.4k 0.07% Unchanged
28 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 15,00015.0k $29.5k $29.5k 0.00% First filing
29 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 13,00013.0k $25.5k $25.5k 0.00% Unchanged
30 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 10,49310.5k $920.4k $920.4k 0.00% Reduced -28.3k -28,337
31 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged