Vault-13

I3 VERTICALS LLC IIIV 1 02.15.25

NOTE 1.000% 2/1 · US DOMESTIC · CUSIP 44933TAB2

8 institutional holders -3 vs Q3 2024
25,00025.0k shares reported held*
$21.6mreported value*
0 new 1 added 0 reduced 2 sold out net sold ≈ $2.6m

* 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 ≈ $862.95.

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

01020Q3 22: 13Q4 22: 14Q1 23: 15Q2 23: 16Q3 23: 19Q4 23: 18Q1 24: 13Q2 24: 13Q3 24: 11Q4 24: 88Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202213
Q4 202214
Q1 202315
Q2 202316
Q3 202319
Q4 202318
Q1 202413
Q2 202413
Q3 202411
Q4 20248

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 23: 7 bought or addedQ1 23: 6 cut or sold outQ2 23: 6 bought or addedQ2 23: 3 cut or sold outQ2 23Q3 23: 5 bought or addedQ3 23: 2 cut or sold outQ4 23: 2 bought or addedQ4 23: 2 cut or sold outQ4 23Q1 24: 3 bought or addedQ1 24: 12 cut or sold outQ2 24: 1 bought or addedQ2 24: 2 cut or sold outQ2 24Q3 24: 1 bought or addedQ3 24: 3 cut or sold outQ4 24: 1 bought or addedQ4 24: 2 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 202376
Q2 202363
Q3 202352
Q4 202322
Q1 2024312
Q2 202412
Q3 202413
Q4 202412

Biggest buyers

PIPER SANDLER & CO. Added +7,509,000+7.5m

Biggest sellers

Linden Advisors LP Sold out -7,509,000-7.5m
Verition Fund Management LLC Sold out -2,669,000-2.7m

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PIPER SANDLER & CO. 7.14% of their portfolio MINNEAPOLIS, MN 9,550,0009.6m $9.4m $9.4m 7.14% Added +7.5m +7,509,000
2 DeepCurrents Investment Group LLC 0.28% of their portfolio NEW YORK, NY 8,723,0008.7m $8.4m $8.4m 0.28% Unchanged
3 SSI INVESTMENT MANAGEMENT LLC 0.19% of their portfolio Los Angeles, CA 2,600,0002.6m $2.5m $2.5m 0.19% Unchanged
4 PALISADE CAPITAL MANAGEMENT, LP 0.03% of their portfolio FORT LEE, NJ 1,149,0001.1m $1.1m $1.1m 0.03% Unchanged
5 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 50,00050.0k $49.0k $49.0k 0.00% First filing
6 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 50,00050.0k $49.0k $49.0k 0.00% Unchanged
7 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 25,00025.0k $25.0k $25.0k 0.00% Unchanged
8 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged