Vault-13

GRANITE CONSTR INC GVA 3.75 05.15.28

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

33 institutional holders -1 vs Q1 2025
123,646123.6k shares reported held*
$776.1mreported value*
5 new 7 added 9 reduced 6 sold out net sold ≈ $9.7m (-5.1m 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 ≈ $6276.59.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q2 24: 33Q3 24: 42Q4 24: 31Q1 25: 34Q2 25: 3333Q2 24Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q2 202433
Q3 202442
Q4 202431
Q1 202534
Q2 202533

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 25Q2 25: 12 bought or addedQ2 25: 15 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20241820
Q4 20241322
Q1 20251214
Q2 20251215

Biggest buyers

CITADEL ADVISORS LLC Added +12,000,000+12.0m
Point72 Asset Management, L.P. New +10,000,000+10.0m
LORD, ABBETT & CO. LLC Added +7,085,000+7.1m
TWO SIGMA INVESTMENTS, LP New +5,500,000+5.5m
Alberta Investment Management Corp Added +2,500,000+2.5m
MORGAN STANLEY New +1,922,000+1.9m
JANE STREET GROUP, LLC Added +220,000+220.0k
LOOMIS SAYLES & CO L P New +110,984+111.0k
WELLS FARGO & COMPANY/MN Added +104,000+104.0k
Warberg Asset Management LLC Added +27,000+27.0k

Biggest sellers

Man Group plc Sold out -15,580,000-15.6m
Linden Advisors LP Reduced -7,500,000-7.5m
ABSOLUTE INVESTMENT ADVISERS, LLC Sold out -5,000,000-5.0m
BANK OF AMERICA CORP /DE/ Reduced -4,626,000-4.6m
Daiwa Securities Group Inc. Sold out -2,500,000-2.5m
JPMORGAN CHASE & CO Reduced -2,019,000-2.0m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -2,000,000-2.0m
BlackRock, Inc. Reduced -1,780,000-1.8m
BANK OF MONTREAL /CAN/ Reduced -1,350,000-1.4m
BARCLAYS PLC Sold out -806,000-806.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Polar Asset Management Partners Inc. 2.86% of their portfolio TORONTO, A6 55,000,00055.0m $114.7m $114.7m 2.86% Unchanged
2 D. E. Shaw & Co., Inc. 0.10% of their portfolio New York, NY 46,000,00046.0m $95.7m $95.7m 0.10% Unchanged
3 READYSTATE ASSET MANAGEMENT LP 3.93% of their portfolio CHICAGO, IL 45,500,00045.5m $94.7m $94.7m 3.93% Unchanged
4 TENOR CAPITAL MANAGEMENT Co., L.P. 1.13% of their portfolio NEW YORK, NY 40,000,00040.0m $83.4m $83.4m 1.13% Unchanged
5 Linden Advisors LP 0.47% of their portfolio New York, NY 36,931,00036.9m $76.9m $76.9m 0.47% Reduced -7.5m -7,500,000
6 Alberta Investment Management Corp 0.57% of their portfolio EDMONTON, A0 35,000,00035.0m $73.0m $73.0m 0.57% Added +2.5m +2,500,000
7 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 22,000,00022.0m $45.8m $45.8m 0.04% Added +12.0m +12,000,000
8 FMR LLC 0.00% of their portfolio BOSTON, MA 15,134,00015.1m $31.4m $31.4m 0.00% Unchanged
9 LORD, ABBETT & CO. LLC 0.08% of their portfolio JERSEY CITY, NJ 11,281,00011.3m $23.5m $23.5m 0.08% Added +7.1m +7,085,000
10 Point72 Asset Management, L.P. 0.05% of their portfolio STAMFORD, CT 10,000,00010.0m $20.8m $20.8m 0.05% New
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,237,0007.2m $15.1m $15.1m 0.00% Reduced -50.0k -50,000
12 Calamos Advisors LLC 0.06% of their portfolio NAPERVILLE, IL 7,046,0007.0m $14.7m $14.7m 0.06% Reduced -69.0k -69,000
13 ARISTEIA CAPITAL, L.L.C. 0.35% of their portfolio GREENWICH, CT 6,000,0006.0m $12.5m $12.5m 0.35% Unchanged
14 Warberg Asset Management LLC 3.01% of their portfolio WINNETKA, IL 5,900,0005.9m $12.3m $12.3m 3.01% Added +27.0k +27,000
15 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 5,500,0005.5m $11.4m $11.4m 0.02% New
16 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio TORONTO, A6 5,000,0005.0m $10.4m $10.4m 0.02% Unchanged
17 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,920,0004.9m $10.2m $10.2m 0.00% Reduced -1.8m -1,780,000
18 CAPSTONE INVESTMENT ADVISORS, LLC 0.05% of their portfolio NEW YORK, NY 2,651,0002.7m $5.5m $5.5m 0.05% Reduced -2.0m -2,000,000
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,922,0001.9m $4.0m $4.0m 0.00% New
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,540,0001.5m $3.2m $3.2m 0.00% Reduced -4.6m -4,626,000
21 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 750,000750.0k $1.6m $1.6m 0.01% Reduced -350.0k -350,000
22 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 650,000650.0k $1.3m $1.3m 0.00% Reduced -1.4m -1,350,000
23 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 440,000440.0k $858.0k $858.0k 0.00% Added +104.0k +104,000
24 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 416,000416.0k $858.7k $858.7k 0.00% Added +220.0k +220,000
25 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 215,000215.0k $447.5k $447.5k 0.00% Unchanged
26 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 110,984111.0k $10.4m $10.4m 0.01% New
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 89,00089.0k $173.6k $173.6k 0.00% Reduced -2.0m -2,019,000
28 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 64,00064.0k $132.9k $132.9k 0.00% Unchanged
29 VIRTUS ADVISERS, LLC 0.06% of their portfolio HARTFORD, CT 45,00045.0k $93.4k $93.4k 0.06% Unchanged
30 NOMURA HOLDINGS INC 0.01% of their portfolio TOKYO, M0 12,66212.7k $1.2m $1.2m 0.01% Added +2.1k +2,082
31 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 10,00010.0k $20.8k $20.8k 0.00% Unchanged
32 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 3,0003.0k $6.2k $6.2k 0.00% New
33 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged