Vault-13

INSMED INC INSM 0.75 06.01.28

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

48 institutional holders -5 vs Q3 2024
7,391,7007.4m shares reported held*
$1.2bnreported value*
4 new 9 added 15 reduced 9 sold out net sold ≈ $31.0m (-7.5m 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 ≈ $167.20.

Trends to Q4 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: 66Q3 24: 53Q4 24: 4848Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202244
Q4 202256
Q1 202361
Q2 202361
Q3 202361
Q4 202360
Q1 202468
Q2 202466
Q3 202453
Q4 202448

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 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 24Q3 24: 16 bought or addedQ3 24: 36 cut or sold outQ4 24: 13 bought or addedQ4 24: 24 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20233022
Q2 20232425
Q3 20232225
Q4 20232127
Q1 20242828
Q2 20242850
Q3 20241636
Q4 20241324

Biggest buyers

Opti Capital Management, LP New +36,217,000+36.2m
WHITEBOX ADVISORS LLC Added +4,560,000+4.6m
LORD, ABBETT & CO. LLC New +3,632,000+3.6m
BlackRock, Inc. Added +1,350,000+1.4m
STATE STREET CORP Added +1,050,000+1.1m
DeepCurrents Investment Group LLC Added +582,000+582.0k
FMR LLC Added +420,000+420.0k
MORGAN STANLEY Added +395,000+395.0k
BARCLAYS PLC Added +383,000+383.0k
Kohlberg Kravis Roberts & Co. L.P. New +105,000+105.0k

Biggest sellers

Linden Advisors LP Reduced -21,145,000-21.1m
JPMORGAN CHASE & CO Reduced -9,624,000-9.6m
Verition Fund Management LLC Sold out -7,563,000-7.6m
SONA ASSET MANAGEMENT (US) LLC Sold out -5,000,000-5.0m
LORD, ABBETT & CO. LLC Sold out -4,244,000-4.2m
JANUS HENDERSON GROUP PLC Reduced -3,169,000-3.2m
SSI INVESTMENT MANAGEMENT LLC Reduced -2,638,000-2.6m
VOYA INVESTMENT MANAGEMENT LLC Reduced -2,250,000-2.2m
ADVENT CAPITAL MANAGEMENT /DE/ Sold out -1,795,000-1.8m
FRANKLIN RESOURCES INC Reduced -1,717,000-1.7m

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 2.03% of their portfolio New York, NY 112,518,000112.5m $244.5m $244.5m 2.03% Reduced -21.1m -21,145,000
2 D. E. Shaw & Co., Inc. 0.17% of their portfolio New York, NY 71,505,00071.5m $155.2m $155.2m 0.17% Unchanged
3 WHITEBOX ADVISORS LLC 5.31% of their portfolio MINNEAPOLIS, MN 66,584,00066.6m $144.3m $144.3m 5.31% Added +4.6m +4,560,000
4 BAKER BROS. ADVISORS LP 0.99% of their portfolio NEW YORK, NY 42,850,00042.9m $92.9m $92.9m 0.99% Unchanged
5 Opti Capital Management, LP 3.53% of their portfolio New York, NY 36,217,00036.2m $78.8m $78.8m 3.53% New
6 DeepCurrents Investment Group LLC 2.06% of their portfolio NEW YORK, NY 28,634,00028.6m $62.2m $62.2m 2.06% Added +582.0k +582,000
7 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 27,500,00027.5m $59.7m $59.7m 0.02% Reduced -1.7m -1,717,000
8 CSS LLC/IL 2.28% of their portfolio CHICAGO, IL 17,586,00017.6m $38.2m $38.2m 2.28% Unchanged
9 683 Capital Management, LLC 3.30% of their portfolio NEW YORK, NY 15,428,00015.4m $33.6m $33.6m 3.30% Unchanged
10 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 14,805,00014.8m $32.1m $32.1m 0.03% Reduced -2.2m -2,250,000
11 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 14,000,00014.0m $30.4m $30.4m 0.03% Unchanged
12 Calamos Advisors LLC 0.14% of their portfolio NAPERVILLE, IL 13,918,00013.9m $30.3m $30.3m 0.14% Reduced -45.0k -45,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 13,025,00013.0m $28.3m $28.3m 0.00% Added +1.1m +1,050,000
14 FMR LLC 0.00% of their portfolio BOSTON, MA 11,980,00012.0m $26.0m $26.0m 0.00% Added +420.0k +420,000
15 CAPSTONE INVESTMENT ADVISORS, LLC 0.25% of their portfolio NEW YORK, NY 11,531,00011.5m $25.0m $25.0m 0.25% Unchanged
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,949,0005.9m $12.9m $12.9m 0.00% Added +1.4m +1,350,000
17 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 5,404,0005.4m $11.7m $11.7m 0.01% Reduced -3.2m -3,169,000
18 SSI INVESTMENT MANAGEMENT LLC 0.77% of their portfolio Los Angeles, CA 4,752,0004.8m $10.3m $10.3m 0.77% Reduced -2.6m -2,638,000
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,720,0004.7m $10.2m $10.2m 0.00% Reduced -9.6m -9,624,000
20 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 4,002,0004.0m $8.7m $8.7m 0.00% Unchanged
21 ARISTEIA CAPITAL, L.L.C. 0.32% of their portfolio GREENWICH, CT 4,000,0004.0m $8.7m $8.7m 0.32% Unchanged
22 LORD, ABBETT & CO. LLC 0.02% of their portfolio JERSEY CITY, NJ 3,632,0003.6m $7.9m $7.9m 0.02% New
23 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,684,0002.7m $5.8m $5.8m 0.00% Added +11.0k +11,000
24 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,655,0001.7m $3.6m $3.6m 0.00% Added +5.0k +5,000
25 OAKTREE CAPITAL MANAGEMENT LP 0.07% of their portfolio LOS ANGELES, CA 1,642,0001.6m $3.6m $3.6m 0.07% Unchanged
26 Nicholas Investment Partners, LP 0.29% of their portfolio RANCHO SANTA FE, CA 1,500,0001.5m $3.3m $3.3m 0.29% Unchanged
27 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
28 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 903,600903.6k $2.0m $2.0m 0.00% Reduced -1.7m -1,666,300
29 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 705,000705.0k $1.5m $1.5m 0.00% Added +395.0k +395,000
30 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 516,000516.0k $1.1m $1.1m 0.00% Added +383.0k +383,000
31 Sonora Investment Management Group, LLC 0.08% of their portfolio TUCSON, AZ 475,000475.0k $1.0m $1.0m 0.08% Reduced -5.0k -5,000
32 PALISADE CAPITAL MANAGEMENT, LP 0.02% of their portfolio FORT LEE, NJ 363,000363.0k $788.4k $788.4k 0.02% Unchanged
33 Central Pacific Bank - Trust Division 0.08% of their portfolio HONOLULU, HI 271,000271.0k $587.3k $587.3k 0.08% Reduced -130.0k -130,000
34 Fox Hill Wealth Management 0.16% of their portfolio DEDHAM, MA 132,000132.0k $286.2k $286.2k 0.16% Reduced -2.0k -2,000
35 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 105,000105.0k $227.8k $227.8k 0.01% New
36 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 100,000100.0k $217.3k $217.3k 0.00% Reduced -100.0k -100,000
37 ABN AMRO INVESTMENT SOLUTIONS 0.00% of their portfolio PARIS CEDEX 008, I0 100,000100.0k $217.0k $217.0k 0.00% Unchanged
38 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 78,00078.0k $169.0k $169.0k 0.01% Reduced -37.0k -37,000
39 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 47,00047.0k $101.0k $101.0k 0.00% Unchanged
40 Calamos Wealth Management LLC 0.00% of their portfolio NAPERVILLE, IL 43,00043.0k $93.6k $93.6k 0.00% Reduced -9.0k -9,000
41 Boussard & Gavaudan Investment Management LLP 4.66% of their portfolio London, X0 25,70025.7k $55.7m $55.7m 4.66% Reduced -2.3k -2,304
42 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 11,00011.0k $23.8k $23.8k 0.00% First filing
43 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 5,0005.0k $10.8k $10.8k 0.00% Unchanged
44 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 3,0003.0k $650.2k $650.2k 0.00% New
45 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,0003.0k $6.5k $6.5k 0.00% Unchanged
46 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0001.0k $2.2k $2.2k 0.00% Unchanged
47 Candriam S.C.A. 0.00% of their portfolio STRASSEN, N4 130130 $282.6k $282.6k 0.00% Unchanged
48 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged