Vault-13

GUARDANT HEALTH INC GH 1.25 02.15.31

DEBT 1.250% 2/1 · US DOMESTIC · CUSIP 40131MAD1

38 institutional holders +1 vs Q3 2025
3,337,0003.3m shares reported held*
$1.1bnreported value*
13 new 9 added 9 reduced 12 sold out net sold ≈ $16.2m (-479.0k 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 ≈ $316.47.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

02040Q1 25: 24Q2 25: 32Q3 25: 37Q4 25: 3838Q1 25Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q1 202524
Q2 202532
Q3 202537
Q4 202538

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 25: 21 bought or addedQ2 25: 9 cut or sold outQ2 25Q3 25: 17 bought or addedQ3 25: 20 cut or sold outQ3 25Q4 25: 22 bought or addedQ4 25: 21 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q2 2025219
Q3 20251720
Q4 20252221

Biggest buyers

WOLVERINE ASSET MANAGEMENT LLC New +57,756,000+57.8m
BlackRock, Inc. Added +33,880,000+33.9m
Linden Advisors LP Added +23,353,000+23.4m
Aequim Alternative Investments LP Added +20,005,000+20.0m
CITADEL ADVISORS LLC Added +16,627,000+16.6m
CSS LLC/IL New +11,000,000+11.0m
Point72 Asset Management, L.P. New +10,000,000+10.0m
ARISTEIA CAPITAL, L.L.C. New +7,000,000+7.0m
D. E. Shaw & Co., Inc. New +5,200,000+5.2m
GOLDMAN SACHS GROUP INC New +2,320,000+2.3m

Biggest sellers

BRAIDWELL LP Reduced -114,600,000-114.6m
WELLINGTON MANAGEMENT GROUP LLP Sold out -22,886,000-22.9m
VOYA INVESTMENT MANAGEMENT LLC Reduced -12,105,000-12.1m
SHENKMAN CAPITAL MANAGEMENT INC Sold out -11,530,000-11.5m
LORD, ABBETT & CO. LLC Reduced -9,769,000-9.8m
OAKTREE CAPITAL MANAGEMENT LP Sold out -9,240,000-9.2m
AMERIPRISE FINANCIAL INC Sold out -6,000,000-6.0m
SSI INVESTMENT MANAGEMENT LLC Reduced -4,295,000-4.3m
TORONTO DOMINION BANK Sold out -3,788,000-3.8m
WELLS FARGO & COMPANY/MN Reduced -1,900,000-1.9m

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.24% of their portfolio ATLANTA, GA 134,750,000134.8m $247.1m $247.1m 0.24% Reduced -12.1m -12,105,000
2 BRAIDWELL LP 6.15% of their portfolio STAMFORD, CT 104,854,000104.9m $192.3m $192.3m 6.15% Reduced -114.6m -114,600,000
3 Linden Advisors LP 0.92% of their portfolio New York, NY 81,820,00081.8m $149.7m $149.7m 0.92% Added +23.4m +23,353,000
4 WOLVERINE ASSET MANAGEMENT LLC 1.50% of their portfolio CHICAGO, IL 57,756,00057.8m $105.7m $105.7m 1.50% New
5 Aequim Alternative Investments LP 1.45% of their portfolio MILL VALLEY, CA 40,005,00040.0m $73.4m $73.4m 1.45% Added +20.0m +20,005,000
6 BlackRock, Inc. 0.00% of their portfolio New York, NY 39,580,00039.6m $72.4m $72.4m 0.00% Added +33.9m +33,880,000
7 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 21,627,00021.6m $39.6m $39.6m 0.03% Added +16.6m +16,627,000
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,575,00012.6m $23.0m $23.0m 0.00% Added +100.0k +100,000
9 LORD, ABBETT & CO. LLC 0.06% of their portfolio JERSEY CITY, NJ 11,111,00011.1m $20.3m $20.3m 0.06% Reduced -9.8m -9,769,000
10 CSS LLC/IL 1.14% of their portfolio CHICAGO, IL 11,000,00011.0m $20.1m $20.1m 1.14% New
11 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 10,000,00010.0m $18.3m $18.3m 0.03% New
12 FMR LLC 0.00% of their portfolio BOSTON, MA 7,345,0007.3m $13.4m $13.4m 0.00% Reduced -583.0k -583,000
13 ARISTEIA CAPITAL, L.L.C. 0.37% of their portfolio GREENWICH, CT 7,000,0007.0m $12.8m $12.8m 0.37% New
14 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 5,415,0005.4m $9.9m $9.9m 0.01% Reduced -1.7m -1,660,000
15 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 5,200,0005.2m $9.5m $9.5m 0.01% New
16 Nicholas Investment Partners, LP 0.66% of their portfolio RANCHO SANTA FE, CA 4,955,0005.0m $9.1m $9.1m 0.66% Unchanged
17 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 3,250,0003.2m $5.9m $5.9m 0.00% Unchanged
18 AGF MANAGEMENT LTD 0.02% of their portfolio TORONTO, A6 3,125,0003.1m $5.7m $5.7m 0.02% Added +2.1m +2,125,000
19 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $5.5m $5.5m 0.01% Unchanged
20 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 2,320,0002.3m $4.2m $4.2m 0.00% New
21 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,172,0002.2m $4.0m $4.0m 0.00% Added +2.0m +1,958,000
22 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,958,0002.0m $3.6m $3.6m 0.00% New
23 Ares Systematic Credit Ltd 1.79% of their portfolio LONDON, X0 1,200,0001.2m $2.2m $2.2m 1.79% First filing
24 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,073,0001.1m $2.0m $2.0m 0.00% Reduced -1.9m -1,900,000
25 Kohlberg Kravis Roberts & Co. L.P. 0.02% of their portfolio NEW YORK, NY 745,000745.0k $1.4m $1.4m 0.02% Unchanged
26 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 631,000631.0k $1.2m $1.2m 0.00% New
27 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 546,000546.0k $998.7k $998.7k 0.00% Added +418.0k +418,000
28 SSI INVESTMENT MANAGEMENT LLC 0.04% of their portfolio Los Angeles, CA 355,000355.0k $649.3k $649.3k 0.04% Reduced -4.3m -4,295,000
29 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 300,000300.0k $548.7k $548.7k 0.00% New
30 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $548.7k $548.7k 0.00% Reduced -100.0k -100,000
31 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 272,000272.0k $5.0k $5.0k 0.00% Added +200.0k +200,000
32 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 221,000221.0k $404.6k $404.6k 0.00% New
33 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 120,000120.0k $219.5k $219.5k 0.00% Unchanged
34 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 75,00075.0k $137.3k $137.3k 0.00% New
35 VIRTUS ADVISERS, LLC 0.03% of their portfolio HARTFORD, CT 31,00031.0k $56.7k $56.7k 0.03% Reduced -13.0k -13,000
36 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 21,00021.0k $38.4k $38.4k 0.00% New
37 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 16,00016.0k $29.3k $29.3k 0.00% Unchanged
38 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,0002.0k $3.7k $3.7k 0.00% New