Vault-13

GUIDEWIRE SOFTWARE INC GWRE 1.25 03.15.25

NOTE 1.250% 3/1 · US DOMESTIC · CUSIP 40171VAA8

46 institutional holders +2 vs Q2 2024
30,708,13430.7m shares reported held*
$632.7mreported value*
11 new 6 added 15 reduced 11 sold out net sold ≈ $71.0m (-13.8m 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 ≈ $20.60.

Trends to Q3 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 55Q4 22: 51Q1 23: 46Q2 23: 46Q3 23: 53Q4 23: 49Q1 24: 42Q2 24: 44Q3 24: 4646Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 202255
Q4 202251
Q1 202346
Q2 202346
Q3 202353
Q4 202349
Q1 202442
Q2 202444
Q3 202446

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 17 bought or addedQ4 22: 22 cut or sold outQ1 23: 20 bought or addedQ1 23: 24 cut or sold outQ1 23Q2 23: 19 bought or addedQ2 23: 11 cut or sold outQ3 23: 14 bought or addedQ3 23: 19 cut or sold outQ3 23Q4 23: 19 bought or addedQ4 23: 20 cut or sold outQ1 24: 16 bought or addedQ1 24: 25 cut or sold outQ1 24Q2 24: 12 bought or addedQ2 24: 18 cut or sold outQ3 24: 17 bought or addedQ3 24: 26 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221722
Q1 20232024
Q2 20231911
Q3 20231419
Q4 20231920
Q1 20241625
Q2 20241218
Q3 20241726

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. Added +22,400,000+22.4m
Calamos Advisors LLC Added +14,967,000+15.0m
Daiwa Securities Group Inc. New +12,055,000+12.1m
MIZUHO SECURITIES USA LLC New +7,557,247+7.6m
Shaolin Capital Management LLC New +5,655,000+5.7m
AXA S.A. New +3,700,000+3.7m
SSI INVESTMENT MANAGEMENT LLC New +3,445,000+3.4m
STATE STREET CORP Added +450,000+450.0k
Warberg Asset Management LLC New +213,000+213.0k
Central Pacific Bank - Trust Division New +188,000+188.0k

Biggest sellers

III Capital Management Sold out -34,166,000-34.2m
LORD, ABBETT & CO. LLC Reduced -20,823,000-20.8m
LAZARD ASSET MANAGEMENT LLC Reduced -20,539,000-20.5m
FRANKLIN RESOURCES INC Reduced -7,500,000-7.5m
MILLENNIUM MANAGEMENT LLC Reduced -7,000,000-7.0m
VICTORY CAPITAL MANAGEMENT INC Reduced -5,841,000-5.8m
BANK OF AMERICA CORP /DE/ Reduced -4,935,500-4.9m
VOYA INVESTMENT MANAGEMENT LLC Reduced -4,520,000-4.5m
CITIGROUP INC Reduced -2,556,000-2.6m
MACQUARIE GROUP LTD Sold out -1,600,000-1.6m

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.96% of their portfolio NEW YORK, NY 86,912,00086.9m $139.9m $139.9m 1.96% Added +22.4m +22,400,000
2 MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 68,150,00068.2m $109.5m $109.5m 0.09% Reduced -7.0m -7,000,000
3 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 48,500,00048.5m $80.2m $80.2m 0.02% Reduced -7.5m -7,500,000
4 Calamos Advisors LLC 0.24% of their portfolio NAPERVILLE, IL 32,077,00032.1m $51.6m $51.6m 0.24% Added +15.0m +14,967,000
5 LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 28,325,00028.3m $45.6m $45.6m 0.06% Reduced -20.5m -20,539,000
6 VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ATLANTA, GA 24,180,00024.2m $38.9m $38.9m 0.04% Reduced -4.5m -4,520,000
7 LORD, ABBETT & CO. LLC 0.12% of their portfolio JERSEY CITY, NJ 22,903,00022.9m $36.8m $36.8m 0.12% Reduced -20.8m -20,823,000
8 Aequim Alternative Investments LP 1.25% of their portfolio MILL VALLEY, CA 22,150,00022.1m $35.6m $35.6m 1.25% Unchanged
9 Daiwa Securities Group Inc. 0.09% of their portfolio CHIYODA-KU,TOKYO, M0 12,055,00012.1m $19.4m $19.4m 0.09% New
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,705,0007.7m $12.4m $12.4m 0.00% Added +450.0k +450,000
11 MIZUHO SECURITIES USA LLC 0.15% of their portfolio NEW YORK, NY 7,557,2477.6m $13.7m $13.7m 0.15% New
12 Shaolin Capital Management LLC 0.39% of their portfolio Miami, FL 5,655,0005.7m $9.1m $9.1m 0.39% New
13 FMR LLC 0.00% of their portfolio BOSTON, MA 4,925,0004.9m $7.9m $7.9m 0.00% Reduced -300.0k -300,000
14 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.84% of their portfolio Miamisburg, OH 4,000,0004.0m $6.4m $6.4m 0.84% Reduced -1.0m -1,000,000
15 AXA S.A. 0.02% of their portfolio PARIS, I0 3,700,0003.7m $5.9m $5.9m 0.02% New
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,460,0003.5m $5.5m $5.5m 0.00% First filing
17 SSI INVESTMENT MANAGEMENT LLC 0.41% of their portfolio Los Angeles, CA 3,445,0003.4m $5.5m $5.5m 0.41% New
18 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,245,0001.2m $2.0m $2.0m 0.00% Reduced -1.2m -1,200,000
19 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 450,000450.0k $724.1k $724.1k 0.01% Unchanged
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 386,000386.0k $598.1k $598.1k 0.00% Added +170.0k +170,000
21 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 300,000300.0k $481.1k $481.1k 0.00% Unchanged
22 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 253,500253.5k $406.5k $406.5k 0.00% Reduced -4.9m -4,935,500
23 Warberg Asset Management LLC 0.09% of their portfolio WINNETKA, IL 213,000213.0k $342.0k $342.0k 0.09% New
24 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $318.8k $318.8k 0.00% Unchanged
25 Central Pacific Bank - Trust Division 0.04% of their portfolio HONOLULU, HI 188,000188.0k $301.5k $301.5k 0.04% New
26 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 112,000112.0k $180.2k $180.2k 0.00% Reduced -11.0k -11,000
27 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 67,00067.0k $107.4k $107.4k 0.00% Reduced -2.0k -2,000
28 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 62,00062.0k $99.4k $99.4k 0.00% Reduced -5.8m -5,841,000
29 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 54,00054.0k $86.6k $86.6k 0.00% New
30 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 28,00028.0k $44.9k $44.9k 0.00% Added +11.0k +11,000
31 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 20,00020.0k $32.1k $32.1k 0.03% New
32 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 19,00019.0k $30.5k $30.5k 0.00% Unchanged
33 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 15,00015.0k $24.1k $24.1k 0.00% New
34 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 12,00012.0k $19.2k $19.2k 0.00% Reduced -2.6m -2,556,000
35 EXCALIBUR MANAGEMENT CORP 0.01% of their portfolio WALTHAM, MA 10,00010.0k $16.1k $16.1k 0.01% New
36 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 9,7329.7k $1.8m $1.8m 0.00% Reduced -10.3k -10,330
37 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 8,0008.0k $12.8k $12.8k 0.00% Unchanged
38 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 4,0004.0k $6.4k $6.4k 0.00% Unchanged
39 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,0004.0k $6.0k $6.0k 0.00% Unchanged
40 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,5002.5k $4.0k $4.0k 0.00% Reduced -151.0k -151,000
41 Wilmington Savings Fund Society, FSB 0.00% of their portfolio WILMINGTON, DE 1,0001.0k $1.6k $1.6k 0.00% Not comparable
42 Asset Dedication, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,0001.0k $1.6k $1.6k 0.00% Unchanged
43 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,0001.0k $1.6k $1.6k 0.00% Unchanged
44 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 560560 $900.3k $900.3k 0.01% Added +10 +10
45 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 155155 $249.5k $249.5k 0.01% First filing
46 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged