Vault-13

INSMED INC INSM 0.75 06.01.28

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

48 institutional holders +0 vs Q4 2024
7,536,4997.5m shares reported held*
$1.4bnreported value*
8 new 10 added 17 reduced 8 sold out net bought ≈ $9.5m (+144.8k 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 ≈ $180.21.

Trends to Q1 2025

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: 48Q1 25: 4848Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202244
Q4 202256
Q1 202361
Q2 202361
Q3 202361
Q4 202360
Q1 202468
Q2 202466
Q3 202453
Q4 202448
Q1 202548

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q2 23: 24 bought or addedQ2 23: 25 cut or sold outQ3 23: 22 bought or addedQ3 23: 25 cut or sold outQ3 23Q4 23: 21 bought or addedQ4 23: 27 cut or sold outQ1 24: 28 bought or addedQ1 24: 28 cut or sold outQ1 24Q2 24: 28 bought or addedQ2 24: 50 cut or sold outQ3 24: 16 bought or addedQ3 24: 36 cut or sold outQ3 24Q4 24: 13 bought or addedQ4 24: 24 cut or sold outQ1 25: 18 bought or addedQ1 25: 25 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20232425
Q3 20232225
Q4 20232127
Q1 20242828
Q2 20242850
Q3 20241636
Q4 20241324
Q1 20251825

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. New +20,000,000+20.0m
CAPSTONE INVESTMENT ADVISORS, LLC Added +15,000,000+15.0m
DeepCurrents Investment Group LLC Added +10,000,000+10.0m
CITIGROUP INC New +6,532,000+6.5m
Warberg Asset Management LLC New +5,023,000+5.0m
CSS LLC/IL Added +5,000,000+5.0m
Linden Advisors LP Added +4,865,000+4.9m
D. E. Shaw & Co., Inc. Added +3,000,000+3.0m
AXA S.A. New +1,710,000+1.7m
MIZUHO SECURITIES USA LLC New +1,160,000+1.2m

Biggest sellers

Opti Capital Management, LP Sold out -36,217,000-36.2m
WHITEBOX ADVISORS LLC Reduced -22,500,000-22.5m
ARISTEIA CAPITAL, L.L.C. Sold out -4,000,000-4.0m
JPMORGAN CHASE & CO Reduced -2,656,000-2.7m
STATE STREET CORP Reduced -1,650,000-1.6m
OAKTREE CAPITAL MANAGEMENT LP Sold out -1,642,000-1.6m
SSI INVESTMENT MANAGEMENT LLC Reduced -1,158,000-1.2m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Reduced -1,000,001-1.0m
Nicholas Investment Partners, LP Reduced -370,000-370.0k
AMERIPRISE FINANCIAL INC Reduced -300,000-300.0k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.89% of their portfolio New York, NY 117,383,000117.4m $278.6m $278.6m 1.89% Added +4.9m +4,865,000
2 D. E. Shaw & Co., Inc. 0.21% of their portfolio New York, NY 74,505,00074.5m $176.7m $176.7m 0.21% Added +3.0m +3,000,000
3 WHITEBOX ADVISORS LLC 3.44% of their portfolio MINNEAPOLIS, MN 44,084,00044.1m $104.5m $104.5m 3.44% Reduced -22.5m -22,500,000
4 BAKER BROS. ADVISORS LP 1.12% of their portfolio NEW YORK, NY 42,850,00042.9m $101.6m $101.6m 1.12% Unchanged
5 DeepCurrents Investment Group LLC 3.18% of their portfolio NEW YORK, NY 38,634,00038.6m $91.6m $91.6m 3.18% Added +10.0m +10,000,000
6 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 27,500,00027.5m $65.3m $65.3m 0.02% Unchanged
7 CAPSTONE INVESTMENT ADVISORS, LLC 0.58% of their portfolio NEW YORK, NY 26,531,00026.5m $63.0m $63.0m 0.58% Added +15.0m +15,000,000
8 CSS LLC/IL 3.72% of their portfolio CHICAGO, IL 22,586,00022.6m $53.4m $53.4m 3.72% Added +5.0m +5,000,000
9 TENOR CAPITAL MANAGEMENT Co., L.P. 0.68% of their portfolio NEW YORK, NY 20,000,00020.0m $47.5m $47.5m 0.68% New
10 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 15,610,00015.6m $37.0m $37.0m 0.02% Added +805.0k +805,000
11 683 Capital Management, LLC 3.70% of their portfolio NEW YORK, NY 15,428,00015.4m $36.4m $36.4m 3.70% Unchanged
12 Calamos Advisors LLC 0.16% of their portfolio NAPERVILLE, IL 14,027,00014.0m $33.1m $33.1m 0.16% Added +109.0k +109,000
13 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 14,000,00014.0m $33.2m $33.2m 0.03% Unchanged
14 FMR LLC 0.00% of their portfolio BOSTON, MA 12,837,00012.8m $30.4m $30.4m 0.00% Added +857.0k +857,000
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,375,00011.4m $26.9m $26.9m 0.00% Reduced -1.6m -1,650,000
16 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 6,532,0006.5m $15.5m $15.5m 0.01% New
17 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,949,0005.9m $14.1m $14.1m 0.00% Unchanged
18 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 5,409,0005.4m $13.1m $13.1m 0.01% Added +5.0k +5,000
19 Warberg Asset Management LLC 3.26% of their portfolio WINNETKA, IL 5,023,0005.0m $11.9m $11.9m 3.26% New
20 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 3,702,0003.7m $8.8m $8.8m 0.00% Reduced -300.0k -300,000
21 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 3,616,0003.6m $8.6m $8.6m 0.03% Reduced -16.0k -16,000
22 SSI INVESTMENT MANAGEMENT LLC 0.66% of their portfolio Los Angeles, CA 3,594,0003.6m $8.5m $8.5m 0.66% Reduced -1.2m -1,158,000
23 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,610,0002.6m $6.2m $6.2m 0.00% First filing
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,064,0002.1m $4.9m $4.9m 0.00% Reduced -2.7m -2,656,000
25 AXA S.A. 0.01% of their portfolio PARIS, I0 1,710,0001.7m $4.0m $4.0m 0.01% New
26 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,650,0001.6m $3.9m $3.9m 0.00% Reduced -5.0k -5,000
27 MIZUHO SECURITIES USA LLC 0.06% of their portfolio NEW YORK, NY 1,160,0001.2m $2.7m $2.7m 0.06% New
28 Nicholas Investment Partners, LP 0.28% of their portfolio RANCHO SANTA FE, CA 1,130,0001.1m $2.7m $2.7m 0.28% Reduced -370.0k -370,000
29 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,071,0001.1m $2.5m $2.5m 0.00% Added +555.0k +555,000
30 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,000,0001.0m $2.4m $2.4m 0.00% New
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 694,600694.6k $1.6m $1.6m 0.00% Reduced -209.0k -209,000
32 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 565,000565.0k $1.3m $1.3m 0.00% New
33 Sonora Investment Management Group, LLC 0.09% of their portfolio TUCSON, AZ 460,000460.0k $1.1m $1.1m 0.09% Reduced -15.0k -15,000
34 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 435,000435.0k $1.0m $1.0m 0.00% Reduced -270.0k -270,000
35 PALISADE CAPITAL MANAGEMENT, LP 0.02% of their portfolio FORT LEE, NJ 363,000363.0k $860.9k $860.9k 0.02% Unchanged
36 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 249,999250.0k $591.0k $591.0k 0.00% Reduced -1.0m -1,000,001
37 Central Pacific Bank - Trust Division 0.07% of their portfolio HONOLULU, HI 203,000203.0k $481.2k $481.2k 0.07% Reduced -68.0k -68,000
38 Fox Hill Wealth Management 0.18% of their portfolio DEDHAM, MA 132,000132.0k $312.2k $312.2k 0.18% Unchanged
39 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 105,000105.0k $249.2k $249.2k 0.01% Unchanged
40 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 100,000100.0k $237.3k $237.3k 0.00% Unchanged
41 ABN AMRO INVESTMENT SOLUTIONS 0.00% of their portfolio PARIS CEDEX 008, I0 100,000100.0k $237.5k $237.5k 0.00% Unchanged
42 Calamos Wealth Management LLC 0.00% of their portfolio NAPERVILLE, IL 42,00042.0k $99.2k $99.2k 0.00% Reduced -1.0k -1,000
43 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 26,00026.0k $61.0k $61.0k 0.00% Reduced -21.0k -21,000
44 Boussard & Gavaudan Investment Management LLP 9.53% of their portfolio London, X0 25,50025.5k $60.4m $60.4m 9.53% Reduced -200 -200
45 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0001.0k $2.4k $2.4k 0.00% Unchanged
46 Candriam S.C.A. 0.00% of their portfolio STRASSEN, N4 100100 $237.6k $237.6k 0.00% Reduced -30 -30
47 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged
48 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% New