Vault-13

INNOVIVA INC INVA 2.5 08.15.25

NOTE 2.500% 8/1 · US DOMESTIC · CUSIP 45781MAB7

14 institutional holders +0 vs Q1 2023
4,966,0005.0m shares reported held*
$174.5mreported value*
2 new 3 added 3 reduced 2 sold out net sold ≈ $11.8m (-701.0k 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 ≈ $35.15. Options: 0 managers hold calls (— notional), 1 hold puts ($11.9m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

051015Q3 22: 11Q4 22: 14Q1 23: 14Q2 23: 1414Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202211
Q4 202214
Q1 202314
Q2 202314

Buyers vs sellers

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

Bought or addedCut or sold out
505Q4 22: 5 bought or addedQ4 22: 2 cut or sold outQ4 22Q1 23: 3 bought or addedQ1 23: 4 cut or sold outQ1 23Q2 23: 5 bought or addedQ2 23: 5 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202252
Q1 202334
Q2 202355

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$5m$10m$15mQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $11.9mQ2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$11.9m—

Biggest buyers

CAPSTONE INVESTMENT ADVISORS, LLC Added +5,000,000+5.0m
III Capital Management Added +3,500,000+3.5m
BANK OF AMERICA CORP /DE/ New +993,000+993.0k
BOOTHBAY FUND MANAGEMENT, LLC New +166,000+166.0k
Cutler Capital Management, LLC Added +20,000+20.0k

Biggest sellers

Shaolin Capital Management LLC Sold out -13,560,000-13.6m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -6,675,000-6.7m
PUTNAM INVESTMENTS LLC Reduced -701,000-701.0k
SSI INVESTMENT MANAGEMENT LLC Reduced -320,000-320.0k
Jefferies Financial Group Inc. Sold out -265,000-265.0k

Biggest calls

None

Biggest puts

Shaolin Capital Management LLC New $11.9m12.0m shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CAMDEN ASSET MANAGEMENT L P /CA 2.11% of their portfolio Los Angeles, CA 61,528,00061.5m $60.8m $60.8m 2.11% Reduced -6.7m -6,675,000
2 WOLVERINE ASSET MANAGEMENT LLC 0.94% of their portfolio CHICAGO, IL 50,362,00050.4m $50.0m $50.0m 0.94% Unchanged
3 Calamos Advisors LLC 0.09% of their portfolio NAPERVILLE, IL 18,562,00018.6m $18.5m $18.5m 0.09% Unchanged
4 CAPSTONE INVESTMENT ADVISORS, LLC 0.35% of their portfolio NEW YORK, NY 12,000,00012.0m $11.9m $11.9m 0.35% Added +5.0m +5,000,000
5 READYSTATE ASSET MANAGEMENT LP 1.13% of their portfolio CHICAGO, IL 11,500,00011.5m $11.4m $11.4m 1.13% Unchanged
6 III Capital Management 0.78% of their portfolio BOCA RATON, FL 10,000,00010.0m $10.0m $10.0m 0.78% Added +3.5m +3,500,000
7 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 4,966,0005.0m $4.9m $4.9m 0.01% Reduced -701.0k -701,000
8 Crystalline Management Inc. 2.11% of their portfolio Montreal, Quebec, Z4 3,000,0003.0m $3.0m $3.0m 2.11% Unchanged
9 SSI INVESTMENT MANAGEMENT LLC 0.11% of their portfolio Los Angeles, CA 1,530,0001.5m $1.5m $1.5m 0.11% Reduced -320.0k -320,000
10 Cutler Capital Management, LLC 0.66% of their portfolio WORCESTER, MA 1,425,0001.4m $1.4m $1.4m 0.66% Added +20.0k +20,000
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 993,000993.0k $980.6k $980.6k 0.00% New
12 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 166,000166.0k $165.8k $165.8k 0.01% New
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 16,00016.0k $15.9k $15.9k 0.00% Unchanged
14 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged