Vault-13

GUESS INC GES 3.75 04.15.28

NOTE 3.750% 4/1 · US DOMESTIC · CUSIP 401617AF2

23 institutional holders -3 vs Q3 2025
1,017,8351.0m shares reported held*
$326.8mreported value*
2 new 3 added 2 reduced 5 sold out net sold ≈ $5.3m

* 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 ($4.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $325.00.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

02040Q2 24: 27Q3 24: 27Q4 24: 26Q1 25: 34Q2 25: 27Q3 25: 26Q4 25: 2323Q2 24Q4 24Q2 25Q4 25
Numbers
QuarterHolders
Q2 202427
Q3 202427
Q4 202426
Q1 202534
Q2 202527
Q3 202526
Q4 202523

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 24: 10 bought or addedQ3 24: 11 cut or sold outQ3 24Q4 24: 9 bought or addedQ4 24: 11 cut or sold outQ4 24Q1 25: 15 bought or addedQ1 25: 13 cut or sold outQ1 25Q2 25: 13 bought or addedQ2 25: 12 cut or sold outQ2 25Q3 25: 8 bought or addedQ3 25: 17 cut or sold outQ3 25Q4 25: 5 bought or addedQ4 25: 7 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q3 20241011
Q4 2024911
Q1 20251513
Q2 20251312
Q3 2025817
Q4 202557

Biggest buyers

WELLS FARGO & COMPANY/MN Added +11,485,000+11.5m
Weiss Asset Management LP Added +10,000,000+10.0m
GLAZER CAPITAL, LLC New +1,500,000+1.5m
BlackRock, Inc. Added +400,000+400.0k
K2 PRINCIPAL FUND, L.P. New +5,000+5.0k

Biggest sellers

Polar Asset Management Partners Inc. Sold out -16,000,000-16.0m
Worth Venture Partners, LLC Sold out -5,000,000-5.0m
OAKTREE CAPITAL MANAGEMENT LP Sold out -3,621,000-3.6m
DEUTSCHE BANK AG\ Reduced -2,700,000-2.7m
Cutler Capital Management, LLC Sold out -680,000-680.0k
Russell Investments Group, Ltd. Sold out -617,000-617.0k
JANE STREET GROUP, LLC Reduced -100,000-100.0k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Weiss Asset Management LP 1.19% of their portfolio BOSTON, MA 84,105,00084.1m $83.6m $83.6m 1.19% Added +10.0m +10,000,000
2 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 45,771,00045.8m $45.5m $45.5m 0.03% Unchanged
3 DeepCurrents Investment Group LLC 1.23% of their portfolio NEW YORK, NY 33,249,00033.2m $33.1m $33.1m 1.23% Unchanged
4 Davidson Kempner Capital Management LP 0.36% of their portfolio New York, NY 25,000,00025.0m $24.8m $24.8m 0.36% Unchanged
5 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.89% of their portfolio NEW YORK, NY 19,450,00019.4m $19.3m $19.3m 0.89% Unchanged
6 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 17,490,00017.5m $17.4m $17.4m 0.00% Added +11.5m +11,485,000
7 Calamos Advisors LLC 0.06% of their portfolio NAPERVILLE, IL 15,000,00015.0m $14.9m $14.9m 0.06% Unchanged
8 KIM, LLC 1.70% of their portfolio WICHITA, KS 15,000,00015.0m $14.9m $14.9m 1.70% Unchanged
9 Paloma Partners Management Co 2.63% of their portfolio GREENWICH, CT 7,623,0007.6m $7.6m $7.6m 2.63% Unchanged
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,510,0007.5m $7.5m $7.5m 0.00% Unchanged
11 CSS LLC/IL 0.39% of their portfolio CHICAGO, IL 7,000,0007.0m $7.0m $7.0m 0.39% Unchanged
12 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 5,290,0005.3m $5.2m $5.2m 0.01% Unchanged
13 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.56% of their portfolio Miamisburg, OH 5,000,0005.0m $5.0m $5.0m 0.56% Unchanged
14 CAPSTONE INVESTMENT ADVISORS, LLC 0.04% of their portfolio NEW YORK, NY 5,000,0005.0m $5.0m $5.0m 0.04% Unchanged
15 RiverPark Advisors, LLC 1.14% of their portfolio NEW YORK, NY 4,000,0004.0m $4.0m $4.0m 1.14% Unchanged
16 Crossingbridge Advisors, LLC 1.13% of their portfolio PLEASANTVILLE, NY 4,000,0004.0m $4.0m $4.0m 1.13% Unchanged
17 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,907,0003.9m $3.9m $3.9m 0.00% Added +400.0k +400,000
18 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,700,0002.7m $2.7m $2.7m 0.00% Reduced -2.7m -2,700,000
19 FMR LLC 0.00% of their portfolio BOSTON, MA 2,000,0002.0m $2.0m $2.0m 0.00% Unchanged
20 GLAZER CAPITAL, LLC 0.04% of their portfolio New York, NY 1,500,0001.5m $1.5m $1.5m 0.04% New
21 NOMURA HOLDINGS INC 0.05% of their portfolio TOKYO, M0 1,017,8351.0m $17.0m $17.0m 0.05% Unchanged
22 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 18,00018.0k $17.9k $17.9k 0.00% Reduced -100.0k -100,000
23 K2 PRINCIPAL FUND, L.P. 0.51% of their portfolio TORONTO, A6 5,0005.0k $5.0m $5.0m 0.51% New