Vault-13

GRANITE CONSTR INC GVA 3.75 05.15.28

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

31 institutional holders -2 vs Q2 2025
132,893132.9k shares reported held*
$873.5mreported value*
6 new 9 added 10 reduced 7 sold out net sold ≈ $35.5m (+9.2k 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 ≈ $6573.06.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q2 24: 33Q3 24: 42Q4 24: 31Q1 25: 34Q2 25: 33Q3 25: 3131Q2 24Q3 24Q4 24Q1 25Q2 25Q3 25
Numbers
QuarterHolders
Q2 202433
Q3 202442
Q4 202431
Q1 202534
Q2 202533
Q3 202531

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 25Q3 25: 15 bought or addedQ3 25: 17 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q3 20241820
Q4 20241322
Q1 20251214
Q2 20251215
Q3 20251517

Biggest buyers

Point72 Asset Management, L.P. Added +10,000,000+10.0m
FMR LLC Added +8,874,000+8.9m
Alberta Investment Management Corp Added +5,000,000+5.0m
Aequim Alternative Investments LP New +5,000,000+5.0m
CITADEL ADVISORS LLC Added +4,000,000+4.0m
PICTON MAHONEY ASSET MANAGEMENT New +4,000,000+4.0m
LAZARD ASSET MANAGEMENT LLC New +1,886,000+1.9m
BANK OF MONTREAL /CAN/ Added +1,830,000+1.8m
STATE STREET CORP Added +788,000+788.0k
WELLS FARGO & COMPANY/MN Added +598,000+598.0k

Biggest sellers

Linden Advisors LP Reduced -16,500,000-16.5m
ARISTEIA CAPITAL, L.L.C. Sold out -6,000,000-6.0m
Warberg Asset Management LLC Sold out -5,900,000-5.9m
TWO SIGMA INVESTMENTS, LP Sold out -5,500,000-5.5m
READYSTATE ASSET MANAGEMENT LP Reduced -5,500,000-5.5m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Sold out -5,000,000-5.0m
LORD, ABBETT & CO. LLC Reduced -4,533,000-4.5m
CAPSTONE INVESTMENT ADVISORS, LLC Sold out -2,651,000-2.7m
TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -2,000,000-2.0m
BANK OF AMERICA CORP /DE/ Reduced -1,539,000-1.5m

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Polar Asset Management Partners Inc. 2.69% of their portfolio TORONTO, A6 55,000,00055.0m $132.8m $132.8m 2.69% Unchanged
2 D. E. Shaw & Co., Inc. 0.09% of their portfolio New York, NY 46,000,00046.0m $111.0m $111.0m 0.09% Unchanged
3 Alberta Investment Management Corp 0.70% of their portfolio EDMONTON, A0 40,000,00040.0m $96.6m $96.6m 0.70% Added +5.0m +5,000,000
4 READYSTATE ASSET MANAGEMENT LP 4.70% of their portfolio CHICAGO, IL 40,000,00040.0m $96.4m $96.4m 4.70% Reduced -5.5m -5,500,000
5 TENOR CAPITAL MANAGEMENT Co., L.P. 1.21% of their portfolio NEW YORK, NY 38,000,00038.0m $92.3m $92.3m 1.21% Reduced -2.0m -2,000,000
6 CITADEL ADVISORS LLC 0.05% of their portfolio MIAMI, FL 26,000,00026.0m $62.7m $62.7m 0.05% Added +4.0m +4,000,000
7 FMR LLC 0.00% of their portfolio BOSTON, MA 24,008,00024.0m $57.8m $57.8m 0.00% Added +8.9m +8,874,000
8 Linden Advisors LP 0.33% of their portfolio New York, NY 20,431,00020.4m $49.2m $49.2m 0.33% Reduced -16.5m -16,500,000
9 Point72 Asset Management, L.P. 0.10% of their portfolio STAMFORD, CT 20,000,00020.0m $48.3m $48.3m 0.10% Added +10.0m +10,000,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,025,0008.0m $19.4m $19.4m 0.00% Added +788.0k +788,000
11 Calamos Advisors LLC 0.07% of their portfolio NAPERVILLE, IL 7,034,0007.0m $17.0m $17.0m 0.07% Reduced -12.0k -12,000
12 LORD, ABBETT & CO. LLC 0.05% of their portfolio JERSEY CITY, NJ 6,748,0006.7m $16.2m $16.2m 0.05% Reduced -4.5m -4,533,000
13 Aequim Alternative Investments LP 0.27% of their portfolio MILL VALLEY, CA 5,000,0005.0m $12.1m $12.1m 0.27% New
14 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,910,0004.9m $11.8m $11.8m 0.00% Reduced -10.0k -10,000
15 PICTON MAHONEY ASSET MANAGEMENT 0.12% of their portfolio Toronto, A6 4,000,0004.0m $9.6m $9.6m 0.12% New
16 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,480,0002.5m $6.0m $6.0m 0.00% Added +1.8m +1,830,000
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,922,0001.9m $4.6m $4.6m 0.00% Unchanged
18 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,886,0001.9m $45.5k $45.5k 0.00% New
19 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,038,0001.0m $2.5m $2.5m 0.00% Added +598.0k +598,000
20 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 750,000750.0k $1.8m $1.8m 0.01% Unchanged
21 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 494,000494.0k $1.2m $1.2m 0.00% Added +405.0k +405,000
22 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 400,000400.0k $960.0k $960.0k 0.00% Reduced -16.0k -16,000
23 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 118,000118.0k $283.8k $283.8k 0.00% New
24 NOMURA HOLDINGS INC 0.04% of their portfolio TOKYO, M0 74,88574.9k $8.2m $8.2m 0.04% Added +62.2k +62,223
25 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 64,00064.0k $154.0k $154.0k 0.00% Unchanged
26 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 53,50853.5k $5.9m $5.9m 0.01% Reduced -57.5k -57,476
27 VIRTUS ADVISERS, LLC 0.05% of their portfolio HARTFORD, CT 35,00035.0k $84.2k $84.2k 0.05% Reduced -10.0k -10,000
28 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 10,00010.0k $24.1k $24.1k 0.00% Unchanged
29 Boussard & Gavaudan Investment Management LLP 1.05% of their portfolio London, X0 3,5003.5k $8.4m $8.4m 1.05% New
30 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,0001.0k $2.4k $2.4k 0.00% Reduced -1.5m -1,539,000
31 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,0001.0k $2.4k $2.4k 0.00% New