Vault-13

INNOVIVA INC INVA 2.5 08.15.25

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

8 institutional holders -2 vs Q1 2025
$187.8mprincipal reported held*
$220.4mreported value*
1 new 2 added 1 reduced 3 sold out net bought ≈ $35.3k

* 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.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

051015Q3 22: 11Q4 22: 14Q1 23: 14Q2 23: 14Q3 23: 13Q4 23: 12Q1 24: 14Q2 24: 14Q3 24: 13Q4 24: 12Q1 25: 10Q2 25: 88Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202211
Q4 202214
Q1 202314
Q2 202314
Q3 202313
Q4 202312
Q1 202414
Q2 202414
Q3 202413
Q4 202412
Q1 202510
Q2 20258

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q3 23: 5 bought or addedQ3 23: 4 cut or sold outQ4 23: 7 bought or addedQ4 23: 5 cut or sold outQ4 23Q1 24: 9 bought or addedQ1 24: 5 cut or sold outQ2 24: 7 bought or addedQ2 24: 4 cut or sold outQ2 24Q3 24: 5 bought or addedQ3 24: 4 cut or sold outQ4 24: 4 bought or addedQ4 24: 5 cut or sold outQ4 24Q1 25: 5 bought or addedQ1 25: 3 cut or sold outQ2 25: 3 bought or addedQ2 25: 4 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202354
Q4 202375
Q1 202495
Q2 202474
Q3 202454
Q4 202445
Q1 202553
Q2 202534

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. Added +8,034,000+8.0m
CAPSTONE INVESTMENT ADVISORS, LLC Added +7,299,000+7.3m
Elequin Capital, LP New +2,500,000+2.5m

Biggest sellers

III Capital Management Reduced -7,299,000-7.3m
CITIGROUP INC Sold out -4,154,000-4.2m
FRANKLIN RESOURCES INC Sold out -3,850,000-3.9m
BNP PARIBAS FINANCIAL MARKETS Sold out -2,500,000-2.5m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CAPSTONE INVESTMENT ADVISORS, LLC 0.68% of their portfolio NEW YORK, NY 67,929,00067.9m $79.9m $79.9m 0.68% Added +7.3m +7,299,000
2 DeepCurrents Investment Group LLC 2.12% of their portfolio NEW YORK, NY 49,467,00049.5m $57.8m $57.8m 2.12% Unchanged
3 TENOR CAPITAL MANAGEMENT Co., L.P. 0.64% of their portfolio NEW YORK, NY 40,110,00040.1m $47.2m $47.2m 0.64% Added +8.0m +8,034,000
4 III Capital Management 4.73% of their portfolio BOCA RATON, FL 22,543,00022.5m $26.2m $26.2m 4.73% Reduced -7.3m -7,299,000
5 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 3,795,0003.8m $4.4m $4.4m 0.01% Unchanged
6 Elequin Capital, LP 0.41% of their portfolio NEW YORK, NY 2,500,0002.5m $2.9m $2.9m 0.41% New
7 Calamos Advisors LLC 0.01% of their portfolio NAPERVILLE, IL 1,498,0001.5m $1.8m $1.8m 0.01% Unchanged
8 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged