Vault-13

INSMED INC INSM 0.75 06.01.28

NOTE 0.750% 6/0 · US DOMESTIC · CUSIP 457669AB5

66 institutional holders -2 vs Q1 2024
51,229,84551.2m shares reported held*
$1.2bnreported value*
20 new 8 added 29 reduced 21 sold out net sold ≈ $67.5m (-3.3m 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 ($7.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $23.84.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 44Q4 22: 56Q1 23: 61Q2 23: 61Q3 23: 61Q4 23: 60Q1 24: 68Q2 24: 6666Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202244
Q4 202256
Q1 202361
Q2 202361
Q3 202361
Q4 202360
Q1 202468
Q2 202466

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 22: 28 bought or addedQ4 22: 18 cut or sold outQ4 22Q1 23: 30 bought or addedQ1 23: 22 cut or sold outQ2 23: 24 bought or addedQ2 23: 25 cut or sold outQ2 23Q3 23: 22 bought or addedQ3 23: 25 cut or sold outQ4 23: 21 bought or addedQ4 23: 27 cut or sold outQ4 23Q1 24: 28 bought or addedQ1 24: 28 cut or sold outQ2 24: 28 bought or addedQ2 24: 50 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222818
Q1 20233022
Q2 20232425
Q3 20232225
Q4 20232127
Q1 20242828
Q2 20242850

Biggest buyers

Linden Advisors LP New +117,570,000+117.6m
BAKER BROS. ADVISORS LP New +42,850,000+42.9m
WHITEBOX ADVISORS LLC Added +15,500,000+15.5m
683 Capital Management, LLC New +10,428,000+10.4m
DeepCurrents Investment Group LLC New +10,000,000+10.0m
CSS LLC/IL Added +7,150,000+7.2m
SONA ASSET MANAGEMENT (US) LLC New +5,000,000+5.0m
BARCLAYS PLC New +3,067,000+3.1m
Verition Fund Management LLC New +3,057,000+3.1m
Walleye Capital LLC New +3,000,000+3.0m

Biggest sellers

Balyasny Asset Management L.P. Sold out -54,936,000-54.9m
MORGAN STANLEY Reduced -23,386,000-23.4m
FRANKLIN RESOURCES INC Reduced -22,000,000-22.0m
READYSTATE ASSET MANAGEMENT LP Reduced -17,736,000-17.7m
AVIVA PLC Sold out -15,400,000-15.4m
CITADEL ADVISORS LLC Reduced -14,920,000-14.9m
BNP PARIBAS FINANCIAL MARKETS Reduced -14,280,000-14.3m
D. E. Shaw & Co., Inc. Reduced -11,325,000-11.3m
BANK OF MONTREAL /CAN/ Sold out -9,573,000-9.6m
LAZARD ASSET MANAGEMENT LLC Reduced -8,953,000-9.0m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 2.08% of their portfolio New York, NY 117,570,000117.6m $248.7m $248.7m 2.08% New
2 D. E. Shaw & Co., Inc. 0.13% of their portfolio New York, NY 43,755,00043.8m $92.7m $92.7m 0.13% Reduced -11.3m -11,325,000
3 BAKER BROS. ADVISORS LP 1.16% of their portfolio NEW YORK, NY 42,850,00042.9m $90.4m $90.4m 1.16% New
4 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 41,864,00041.9m $88.4m $88.4m 0.03% Reduced -22.0m -22,000,000
5 WHITEBOX ADVISORS LLC 2.89% of their portfolio MINNEAPOLIS, MN 34,050,00034.0m $71.8m $71.8m 2.89% Added +15.5m +15,500,000
6 Graham Capital Management, L.P. 2.42% of their portfolio ROWAYTON, CT 33,206,00033.2m $70.2m $70.2m 2.42% Reduced -4.0m -4,000,000
7 JANUS HENDERSON GROUP PLC 0.03% of their portfolio LONDON, X0 29,535,00029.5m $62.3m $62.3m 0.03% Reduced -1.1m -1,080,000
8 LORD, ABBETT & CO. LLC 0.06% of their portfolio JERSEY CITY, NJ 17,106,00017.1m $36.1m $36.1m 0.06% Added +674.0k +674,000
9 Calamos Advisors LLC 0.18% of their portfolio NAPERVILLE, IL 17,093,00017.1m $36.2m $36.2m 0.18% Reduced -8.4m -8,388,000
10 CSS LLC/IL 2.59% of their portfolio CHICAGO, IL 16,586,00016.6m $35.1m $35.1m 2.59% Added +7.2m +7,150,000
11 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 15,755,00015.8m $33.3m $33.3m 0.03% Reduced -14.9m -14,920,000
12 CAPSTONE INVESTMENT ADVISORS, LLC 0.65% of their portfolio NEW YORK, NY 14,031,00014.0m $29.6m $29.6m 0.65% Unchanged
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 13,075,00013.1m $27.7m $27.7m 0.00% Added +650.0k +650,000
14 683 Capital Management, LLC 2.32% of their portfolio NEW YORK, NY 10,428,00010.4m $22.1m $22.1m 2.32% New
15 DeepCurrents Investment Group LLC 0.85% of their portfolio NEW YORK, NY 10,000,00010.0m $21.2m $21.2m 0.85% New
16 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 9,050,0009.1m $19.1m $19.1m 0.02% Reduced -4.5m -4,495,000
17 SSI INVESTMENT MANAGEMENT LLC 1.38% of their portfolio Los Angeles, CA 8,495,0008.5m $17.9m $17.9m 1.38% Added +1.3m +1,305,000
18 READYSTATE ASSET MANAGEMENT LP 0.73% of their portfolio CHICAGO, IL 7,264,0007.3m $15.3m $15.3m 0.73% Reduced -17.7m -17,736,000
19 FMR LLC 0.00% of their portfolio BOSTON, MA 5,850,0005.8m $12.3m $12.3m 0.00% Reduced -400.0k -400,000
20 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 5,502,0005.5m $11.6m $11.6m 0.00% Reduced -4.5m -4,530,000
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,018,0005.0m $10.6m $10.6m 0.00% Reduced -23.4m -23,386,000
22 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 5,000,0005.0m $10.6m $10.6m 0.03% Reduced -2.2m -2,175,000
23 SONA ASSET MANAGEMENT (US) LLC 0.86% of their portfolio NEW YORK, NY 5,000,0005.0m $10.6m $10.6m 0.86% New
24 BlackRock Inc. 0.00% of their portfolio New York, NY 4,999,0005.0m $10.5m $10.5m 0.00% Reduced -75.0k -75,000
25 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 4,668,0004.7m $9.8m $9.8m 0.01% Reduced -14.3m -14,280,000
26 ARISTEIA CAPITAL, L.L.C. 0.31% of their portfolio GREENWICH, CT 4,000,0004.0m $8.4m $8.4m 0.31% Reduced -4.5m -4,500,000
27 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 3,495,0003.5m $7.4m $7.4m 0.01% Added +2.1m +2,059,000
28 AXA S.A. 0.01% of their portfolio PARIS, I0 3,340,0003.3m $7.1m $7.1m 0.01% Reduced -5.2m -5,180,000
29 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 3,067,0003.1m $6.5m $6.5m 0.00% New
30 Verition Fund Management LLC 0.05% of their portfolio GREENWICH, CT 3,057,0003.1m $6.5m $6.5m 0.05% New
31 Walleye Capital LLC 0.07% of their portfolio NEW YORK, NY 3,000,0003.0m $6.3m $6.3m 0.07% New
32 ADVENT CAPITAL MANAGEMENT /DE/ 0.13% of their portfolio NEW YORK, NY 2,503,0002.5m $5.3m $5.3m 0.13% Added +2.5m +2,502,000
33 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,502,0002.5m $5.3m $5.3m 0.00% Reduced -2.5m -2,498,000
34 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio Boston, MA 2,500,0002.5m $5.3m $5.3m 0.01% Unchanged
35 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 2,500,0002.5m $5.3m $5.3m 0.00% New
36 Warberg Asset Management LLC 1.41% of their portfolio WINNETKA, IL 2,500,0002.5m $5.3m $5.3m 1.41% New
37 MIZUHO SECURITIES USA LLC 0.11% of their portfolio NEW YORK, NY 2,403,0002.4m $5.1m $5.1m 0.11% New
38 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,652,9001.7m $3.5m $3.5m 0.00% New
39 OAKTREE CAPITAL MANAGEMENT LP 0.06% of their portfolio LOS ANGELES, CA 1,642,0001.6m $3.5m $3.5m 0.06% Reduced -351.0k -351,000
40 Nicholas Investment Partners, LP 0.33% of their portfolio RANCHO SANTA FE, CA 1,500,0001.5m $3.2m $3.2m 0.33% New
41 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 1,250,0001.2m $2.7m $2.7m 0.01% Unchanged
42 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 838,000838.0k $1.8m $1.8m 0.00% New
43 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 800,000800.0k $1.7m $1.7m 0.00% New
44 PALISADE CAPITAL MANAGEMENT, LP 0.04% of their portfolio FORT LEE, NJ 613,000613.0k $1.3m $1.3m 0.04% Reduced -850.0k -850,000
45 Sonora Investment Management Group, LLC 0.05% of their portfolio TUCSON, AZ 540,000540.0k $580.5k $580.5k 0.05% Unchanged
46 Central Pacific Bank - Trust Division 0.11% of their portfolio HONOLULU, HI 453,000453.0k $955.3k $955.3k 0.11% Added +87.0k +87,000
47 GROUPAMA ASSET MANAGMENT 0.01% of their portfolio PARIS, I0 400,000400.0k $847.6k $847.6k 0.01% Unchanged
48 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 330,000330.0k $695.9k $695.9k 0.00% Reduced -540.0k -540,000
49 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 301,000301.0k $636.5k $636.5k 0.01% Reduced -699.0k -699,000
50 Paloma Partners Management Co 0.05% of their portfolio GREENWICH, CT 250,000250.0k $529.2k $529.2k 0.05% New
51 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $423.6k $423.6k 0.00% Reduced -200.0k -200,000
52 Fox Hill Wealth Management 0.17% of their portfolio DEDHAM, MA 134,000134.0k $284.3k $284.3k 0.17% Reduced -2.0k -2,000
53 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 131,000131.0k $276.3k $276.3k 0.01% Reduced -2.0k -2,000
54 ABN AMRO INVESTMENT SOLUTIONS 0.00% of their portfolio PARIS CEDEX 008, I0 100,000100.0k $211.1k $211.1k 0.00% Reduced -200.0k -200,000
55 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 53,00053.0k $112.3k $112.3k 0.01% Reduced -85.0k -85,000
56 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 47,00047.0k $99.0k $99.0k 0.00% Reduced -9.0m -8,953,000
57 NOMURA HOLDINGS INC 0.01% of their portfolio TOKYO, M0 31,53631.5k $2.1m $2.1m 0.01% New
58 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 25,00025.0k $52.7k $52.7k 0.00% Unchanged
59 Boussard & Gavaudan Investment Management LLP 4.43% of their portfolio London, X0 13,30913.3k $27.6m $27.6m 4.43% New
60 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 12,00012.0k $25.3k $25.3k 0.00% Reduced -1.0k -1,000
61 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 5,0005.0k $10.5k $10.5k 0.00% Unchanged
62 Oaktree Fund Advisors, LLC 0.01% of their portfolio LOS ANGLES, CA 5,0005.0k $10.6k $10.6k 0.01% New
63 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,0002.0k $4.2k $4.2k 0.00% Unchanged
64 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0001.0k $2.1k $2.1k 0.00% New
65 Candriam S.C.A. 0.00% of their portfolio STRASSEN, N4 130130 $275.4k $275.4k 0.00% Reduced -270 -270
66 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged