Vault-13

GRANITE CONSTR INC GVA 3.25 06.15.30

NOTE 3.250% 6/1 · US DOMESTIC · CUSIP 387328AF4

36 institutional holders -2 vs Q4 2025
33,398,81833.4m shares reported held*
$639.9mreported value*
7 new 12 added 9 reduced 9 sold out net sold ≈ $8.0m (+9.7m 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 ≈ $19.16.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

02040Q2 25: 27Q3 25: 34Q4 25: 38Q1 26: 3636Q2 25Q3 25Q4 25Q1 26
Numbers
QuarterHolders
Q2 202527
Q3 202534
Q4 202538
Q1 202636

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 25: 18 bought or addedQ3 25: 13 cut or sold outQ3 25Q4 25: 16 bought or addedQ4 25: 14 cut or sold outQ4 25Q1 26: 19 bought or addedQ1 26: 18 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q3 20251813
Q4 20251614
Q1 20261918

Biggest buyers

VOYA INVESTMENT MANAGEMENT LLC Added +46,445,000+46.4m
Aequim Alternative Investments LP Added +15,000,000+15.0m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added +12,500,000+12.5m
BNP PARIBAS FINANCIAL MARKETS Added +6,000,000+6.0m
PICTON MAHONEY ASSET MANAGEMENT Added +6,000,000+6.0m
BlackRock, Inc. Added +5,325,000+5.3m
SSI INVESTMENT MANAGEMENT LLC New +5,278,000+5.3m
LORD, ABBETT & CO. LLC New +4,150,000+4.2m
BANK OF NOVA SCOTIA New +3,500,000+3.5m
ARISTEIA CAPITAL, L.L.C. Added +3,000,000+3.0m

Biggest sellers

CITADEL ADVISORS LLC Sold out -30,000,000-30.0m
TWO SIGMA INVESTMENTS, LP Reduced -26,860,000-26.9m
Point72 Asset Management, L.P. Sold out -22,500,000-22.5m
Linden Advisors LP Sold out -12,852,000-12.9m
SUSQUEHANNA ADVISORS GROUP, INC. Sold out -6,520,000-6.5m
FMR LLC Reduced -6,000,000-6.0m
SSI INVESTMENT MANAGEMENT LLC Sold out -5,278,000-5.3m
DLD Asset Management, LP Sold out -5,000,000-5.0m
MIZUHO SECURITIES USA LLC Reduced -2,500,000-2.5m
WELLINGTON MANAGEMENT GROUP LLP Reduced -2,236,000-2.2m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.20% of their portfolio ATLANTA, GA 114,330,000114.3m $188.5m $188.5m 0.20% Added +46.4m +46,445,000
2 Aequim Alternative Investments LP 1.60% of their portfolio MILL VALLEY, CA 50,000,00050.0m $82.4m $82.4m 1.60% Added +15.0m +15,000,000
3 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 46,930,00046.9m $77.2m $77.2m 0.05% Added +6.0m +6,000,000
4 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.05% of their portfolio TORONTO, A6 17,500,00017.5m $28.9m $28.9m 0.05% Added +12.5m +12,500,000
5 ABSOLUTE INVESTMENT ADVISERS, LLC 2.90% of their portfolio ROSEMARY BEACH, FL 15,000,00015.0m $24.7m $24.7m 2.90% Unchanged
6 ARISTEIA CAPITAL, L.L.C. 0.38% of their portfolio GREENWICH, CT 10,000,00010.0m $16.5m $16.5m 0.38% Added +3.0m +3,000,000
7 WHITEBOX ADVISORS LLC 0.23% of their portfolio MINNEAPOLIS, MN 10,000,00010.0m $16.4m $16.4m 0.23% Unchanged
8 PICTON MAHONEY ASSET MANAGEMENT 0.17% of their portfolio Toronto, A6 10,000,00010.0m $16.4m $16.4m 0.17% Added +6.0m +6,000,000
9 BlackRock, Inc. 0.00% of their portfolio New York, NY 9,975,00010.0m $16.4m $16.4m 0.00% Added +5.3m +5,325,000
10 FMR LLC 0.00% of their portfolio BOSTON, MA 9,344,0009.3m $15.4m $15.4m 0.00% Reduced -6.0m -6,000,000
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 8,708,0008.7m $14.3m $14.3m 0.00% Reduced -1.7m -1,740,000
12 ZAZOVE ASSOCIATES LLC 0.62% of their portfolio INCLINE VILLAGE, NV 8,175,0008.2m $13.1m $13.1m 0.62% Unchanged
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,923,0007.9m $13.1m $13.1m 0.00% Added +350.0k +350,000
14 SSI INVESTMENT MANAGEMENT LLC 0.60% of their portfolio Los Angeles, CA 5,278,0005.3m $8.7m $8.7m 0.60% New
15 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 5,000,0005.0m $8.2m $8.2m 0.01% Reduced -26.9m -26,860,000
16 LORD, ABBETT & CO. LLC 0.02% of their portfolio JERSEY CITY, NJ 4,150,0004.2m $6.8m $6.8m 0.02% New
17 BANK OF NOVA SCOTIA 0.01% of their portfolio TORONTO, A6 3,500,0003.5m $5.8m $5.8m 0.01% New
18 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 3,000,0003.0m $4.9m $4.9m 0.00% Reduced -550.0k -550,000
19 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 2,332,0002.3m $3.7m $3.7m 0.00% New
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,075,0002.1m $3.3m $3.3m 0.00% Reduced -625.0k -625,000
21 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,800,0001.8m $3.0m $3.0m 0.00% Added +1.3m +1,300,000
22 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,157,0001.2m $1.9m $1.9m 0.00% Reduced -2.2m -2,236,000
23 MIZUHO SECURITIES USA LLC 0.04% of their portfolio NEW YORK, NY 983,000983.0k $1.6m $1.6m 0.04% Reduced -2.5m -2,500,000
24 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 885,000885.0k $1.5m $1.5m 0.00% New
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 623,000623.0k $1.0m $1.0m 0.00% Added +558.0k +558,000
26 Ares Systematic Credit Ltd 0.51% of their portfolio LONDON, X0 400,000400.0k $639.7k $639.7k 0.51% Unchanged
27 Virtus Fixed Income Advisers, LLC 0.47% of their portfolio HARTFORD, CT 348,000348.0k $572.5k $572.5k 0.47% New
28 NOMURA HOLDINGS INC 0.32% of their portfolio TOKYO, M0 322,591322.6k $38.7m $38.7m 0.32% Reduced -19.3k -19,315
29 Central Pacific Bank - Trust Division 0.06% of their portfolio HONOLULU, HI 295,000295.0k $485.3k $485.3k 0.06% Unchanged
30 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 250,000250.0k $412.2k $412.2k 0.01% Unchanged
31 Amundi 0.00% of their portfolio Paris, I0 125,000125.0k $205.6k $205.6k 0.00% Unchanged
32 VIRTUS ADVISERS, LLC 0.05% of their portfolio HARTFORD, CT 69,00069.0k $113.5k $113.5k 0.05% Added +31.0k +31,000
33 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 52,00052.0k $85.4k $85.4k 0.00% Added +6.0k +6,000
34 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 35,00035.0k $577 $577 0.00% Reduced -39.0k -39,000
35 Boussard & Gavaudan Investment Management LLP 2.36% of their portfolio London, X0 15,00015.0k $24.5m $24.5m 2.36% New
36 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 227227 $374.8k $374.8k 0.01% Unchanged