Vault-13

GRANITE CONSTR INC GVA 3.75 05.15.28

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

34 institutional holders +3 vs Q4 2024
5,210,5805.2m shares reported held*
$641.2mreported value*
6 new 6 added 11 reduced 3 sold out net bought ≈ $3.0m (-4.0m 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 ≈ $123.05.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q2 24: 33Q3 24: 42Q4 24: 31Q1 25: 3434Q2 24Q3 24Q4 24Q1 25
Numbers
QuarterHolders
Q2 202433
Q3 202442
Q4 202431
Q1 202534

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 24Q1 25: 12 bought or addedQ1 25: 14 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q3 20241820
Q4 20241322
Q1 20251214

Biggest buyers

Alberta Investment Management Corp Added +17,500,000+17.5m
Linden Advisors LP Added +3,500,000+3.5m
Warberg Asset Management LLC Added +2,771,000+2.8m
Daiwa Securities Group Inc. New +2,500,000+2.5m
WELLS FARGO & COMPANY/MN New +336,000+336.0k
JANE STREET GROUP, LLC New +196,000+196.0k
BARCLAYS PLC Added +160,000+160.0k
Calamos Advisors LLC Added +74,000+74.0k
CITIGROUP INC New +64,000+64.0k
VIRTUS ADVISERS, LLC New +45,000+45.0k

Biggest sellers

READYSTATE ASSET MANAGEMENT LP Reduced -7,500,000-7.5m
BlackRock, Inc. Reduced -5,980,000-6.0m
ABSOLUTE INVESTMENT ADVISERS, LLC Reduced -4,000,000-4.0m
D. E. Shaw & Co., Inc. Reduced -2,000,000-2.0m
BANK OF AMERICA CORP /DE/ Reduced -1,660,000-1.7m
JPMORGAN CHASE & CO Reduced -1,520,000-1.5m
STATE STREET CORP Reduced -1,006,000-1.0m
AGF MANAGEMENT LTD Reduced -850,000-850.0k
LORD, ABBETT & CO. LLC Reduced -835,000-835.0k
BANK OF MONTREAL /CAN/ Reduced -484,000-484.0k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Polar Asset Management Partners Inc. 3.14% of their portfolio TORONTO, A6 55,000,00055.0m $94.6m $94.6m 3.14% Unchanged
2 D. E. Shaw & Co., Inc. 0.09% of their portfolio New York, NY 46,000,00046.0m $79.1m $79.1m 0.09% Reduced -2.0m -2,000,000
3 READYSTATE ASSET MANAGEMENT LP 3.92% of their portfolio CHICAGO, IL 45,500,00045.5m $78.2m $78.2m 3.92% Reduced -7.5m -7,500,000
4 Linden Advisors LP 0.52% of their portfolio New York, NY 44,431,00044.4m $76.4m $76.4m 0.52% Added +3.5m +3,500,000
5 TENOR CAPITAL MANAGEMENT Co., L.P. 0.99% of their portfolio NEW YORK, NY 40,000,00040.0m $69.3m $69.3m 0.99% Unchanged
6 Alberta Investment Management Corp 0.39% of their portfolio EDMONTON, A0 32,500,00032.5m $56.3m $56.3m 0.39% Added +17.5m +17,500,000
7 Man Group plc 0.08% of their portfolio LONDON, X0 15,580,00015.6m $26.8m $26.8m 0.08% Unchanged
8 FMR LLC 0.00% of their portfolio BOSTON, MA 15,134,00015.1m $25.9m $25.9m 0.00% Unchanged
9 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 10,000,00010.0m $17.2m $17.2m 0.02% Unchanged
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,287,0007.3m $12.6m $12.6m 0.00% Reduced -1.0m -1,006,000
11 Calamos Advisors LLC 0.06% of their portfolio NAPERVILLE, IL 7,115,0007.1m $12.2m $12.2m 0.06% Added +74.0k +74,000
12 BlackRock, Inc. 0.00% of their portfolio New York, NY 6,700,0006.7m $11.5m $11.5m 0.00% Reduced -6.0m -5,980,000
13 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,166,0006.2m $10.6m $10.6m 0.00% Reduced -1.7m -1,660,000
14 ARISTEIA CAPITAL, L.L.C. 0.32% of their portfolio GREENWICH, CT 6,000,0006.0m $10.3m $10.3m 0.32% Unchanged
15 Warberg Asset Management LLC 2.76% of their portfolio WINNETKA, IL 5,873,0005.9m $10.1m $10.1m 2.76% Added +2.8m +2,771,000
16 ABSOLUTE INVESTMENT ADVISERS, LLC 1.26% of their portfolio ROSEMARY BEACH, FL 5,000,0005.0m $8.6m $8.6m 1.26% Reduced -4.0m -4,000,000
17 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio TORONTO, A6 5,000,0005.0m $8.6m $8.6m 0.02% Unchanged
18 CAPSTONE INVESTMENT ADVISORS, LLC 0.07% of their portfolio NEW YORK, NY 4,651,0004.7m $8.0m $8.0m 0.07% Unchanged
19 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 4,196,0004.2m $7.2m $7.2m 0.03% Reduced -835.0k -835,000
20 Daiwa Securities Group Inc. 0.02% of their portfolio CHIYODA-KU,TOKYO, M0 2,500,0002.5m $4.3m $4.3m 0.02% New
21 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,108,0002.1m $3.6m $3.6m 0.00% Reduced -1.5m -1,520,000
22 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,000,0002.0m $3.4m $3.4m 0.00% Reduced -484.0k -484,000
23 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,100,0001.1m $1.9m $1.9m 0.01% Reduced -850.0k -850,000
24 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 806,000806.0k $1.4m $1.4m 0.00% Added +160.0k +160,000
25 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 336,000336.0k $571.5k $571.5k 0.00% New
26 SSI INVESTMENT MANAGEMENT LLC 0.04% of their portfolio Los Angeles, CA 322,000322.0k $551.6k $551.6k 0.04% Reduced -7.0k -7,000
27 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 215,000215.0k $369.4k $369.4k 0.00% Unchanged
28 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $340.2k $340.2k 0.00% Unchanged
29 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 196,000196.0k $334.8k $334.8k 0.00% New
30 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 64,00064.0k $109.6k $109.6k 0.00% New
31 VIRTUS ADVISERS, LLC 0.05% of their portfolio HARTFORD, CT 45,00045.0k $77.1k $77.1k 0.05% New
32 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 10,58010.6k $797.7k $797.7k 0.00% Added +87 +87
33 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 10,00010.0k $17.1k $17.1k 0.00% New
34 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged