Vault-13

INSMED INC INSM 1.75 01.15.25

NOTE 1.750% 1/1 · US DOMESTIC · CUSIP 457669AA7

18 institutional holders +0 vs Q1 2024
8,024,0008.0m shares reported held*
$389.1mreported value*
8 new 2 added 1 reduced 8 sold out net bought ≈ $11.0m

* 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 ($1.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $48.69.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 30Q4 22: 29Q1 23: 28Q2 23: 28Q3 23: 25Q4 23: 20Q1 24: 18Q2 24: 1818Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202230
Q4 202229
Q1 202328
Q2 202328
Q3 202325
Q4 202320
Q1 202418
Q2 202418

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 10 bought or addedQ4 22: 13 cut or sold outQ4 22Q1 23: 10 bought or addedQ1 23: 9 cut or sold outQ2 23: 6 bought or addedQ2 23: 6 cut or sold outQ2 23Q3 23: 5 bought or addedQ3 23: 10 cut or sold outQ4 23: 4 bought or addedQ4 23: 9 cut or sold outQ4 23Q1 24: 5 bought or addedQ1 24: 6 cut or sold outQ2 24: 10 bought or addedQ2 24: 9 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221013
Q1 2023109
Q2 202366
Q3 2023510
Q4 202349
Q1 202456
Q2 2024109

Biggest buyers

DEERFIELD MANAGEMENT COMPANY, L.P. Added +34,454,000+34.5m
BAKER BROS. ADVISORS LP New +32,887,000+32.9m
JPMORGAN CHASE & CO New +4,594,000+4.6m
Skaana Management L.P. New +4,177,000+4.2m
DeepCurrents Investment Group LLC New +3,000,000+3.0m
Warberg Asset Management LLC New +1,780,000+1.8m
Elequin Capital, LP New +1,660,000+1.7m
Verition Fund Management LLC New +903,000+903.0k
BNP PARIBAS FINANCIAL MARKETS Added +303,000+303.0k
BANK OF AMERICA CORP /DE/ New +200,000+200.0k

Biggest sellers

BRAIDWELL LP Sold out -64,887,000-64.9m
VOYA INVESTMENT MANAGEMENT LLC Reduced -3,960,000-4.0m
CSS LLC/IL Sold out -2,454,000-2.5m
Man Group plc Sold out -2,100,000-2.1m
STATE STREET CORP Sold out -1,526,000-1.5m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Sold out -1,000,000-1.0m
CITIGROUP INC Sold out -960,000-960.0k
Amundi Sold out -510,000-510.0k
MORGAN STANLEY Sold out -120,000-120.0k

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 DEERFIELD MANAGEMENT COMPANY, L.P. 4.30% of their portfolio New York, NY 151,408,000151.4m $258.7m $258.7m 4.30% Added +34.5m +34,454,000
2 BAKER BROS. ADVISORS LP 0.72% of their portfolio NEW YORK, NY 32,887,00032.9m $56.2m $56.2m 0.72% New
3 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 20,650,00020.6m $35.5m $35.5m 0.03% Reduced -4.0m -3,960,000
4 Sonora Investment Management Group, LLC 0.50% of their portfolio TUCSON, AZ 6,039,0006.0m $6.4m $6.4m 0.50% Unchanged
5 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,594,0004.6m $7.9m $7.9m 0.00% New
6 Skaana Management L.P. 2.71% of their portfolio BROOKLYN, NY 4,177,0004.2m $7.1m $7.1m 2.71% New
7 DeepCurrents Investment Group LLC 0.21% of their portfolio NEW YORK, NY 3,000,0003.0m $5.1m $5.1m 0.21% New
8 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 1,975,0002.0m $3.4m $3.4m 0.01% Unchanged
9 Warberg Asset Management LLC 0.81% of their portfolio WINNETKA, IL 1,780,0001.8m $3.0m $3.0m 0.81% New
10 Elequin Capital, LP 0.76% of their portfolio NEW YORK, NY 1,660,0001.7m $2.9m $2.9m 0.76% New
11 Kohlberg Kravis Roberts & Co. L.P. 0.06% of their portfolio NEW YORK, NY 1,200,0001.2m $2.1m $2.1m 0.06% Unchanged
12 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 903,000903.0k $1.6m $1.6m 0.01% New
13 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 315,000315.0k $538.5k $538.5k 0.00% Added +303.0k +303,000
14 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 200,000200.0k $341.9k $341.9k 0.00% New
15 PATRON PARTNERS, LLC 0.01% of their portfolio HOUSTON, TX 10,00010.0k $17.1k $17.1k 0.01% Unchanged
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,0004.0k $7.0k $7.0k 0.00% Unchanged
17 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,0001.0k $1.7k $1.7k 0.00% Unchanged
18 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged