Vault-13

INTERDIGITAL INC IDCC 3.5 06.01.27

NOTE 3.500% 6/0 · US DOMESTIC · CUSIP 45867GAD3

44 institutional holders -8 vs Q3 2024
18,784,94418.8m shares reported held*
$1.2bnreported value*
4 new 11 added 16 reduced 12 sold out net sold ≈ $3.9bn (-5.0m 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 ≈ $61.27.

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q2 23: 46Q3 23: 53Q4 23: 54Q1 24: 57Q2 24: 59Q3 24: 52Q4 24: 4444Q2 23Q4 23Q2 24Q4 24
Numbers
QuarterHolders
Q2 202346
Q3 202353
Q4 202354
Q1 202457
Q2 202459
Q3 202452
Q4 202444

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 27 bought or addedQ3 23: 11 cut or sold outQ3 23Q4 23: 24 bought or addedQ4 23: 23 cut or sold outQ4 23Q1 24: 29 bought or addedQ1 24: 24 cut or sold outQ1 24Q2 24: 17 bought or addedQ2 24: 30 cut or sold outQ2 24Q3 24: 23 bought or addedQ3 24: 27 cut or sold outQ3 24Q4 24: 15 bought or addedQ4 24: 28 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q3 20232711
Q4 20232423
Q1 20242924
Q2 20241730
Q3 20242327
Q4 20241528

Biggest buyers

Opti Capital Management, LP Added +21,500,000+21.5m
Weiss Asset Management LP Added +16,500,000+16.5m
AQR Arbitrage LLC Added +10,392,000+10.4m
TENOR CAPITAL MANAGEMENT Co., L.P. New +9,058,000+9.1m
Polar Asset Management Partners Inc. Added +9,000,000+9.0m
CAPSTONE INVESTMENT ADVISORS, LLC Added +8,282,000+8.3m
BANK OF AMERICA CORP /DE/ New +7,643,000+7.6m
LAZARD ASSET MANAGEMENT LLC New +5,810,000+5.8m
Aequim Alternative Investments LP Added +5,000,000+5.0m
Linden Advisors LP Added +2,500,000+2.5m

Biggest sellers

M&G PLC Sold out -5,914,000,000-5.9bn
STEELHEAD PARTNERS LLC Sold out -30,500,000-30.5m
Daiwa Securities Group Inc. Reduced -7,000,000-7.0m
WELLS FARGO & COMPANY/MN Sold out -5,600,000-5.6m
Flow State Investments, L.P. Sold out -5,000,000-5.0m
Point72 Asset Management, L.P. Sold out -5,000,000-5.0m
ROYAL BANK OF CANADA Reduced -4,400,000-4.4m
BANK OF MONTREAL /CAN/ Sold out -4,185,000-4.2m
Thrivent Financial for Lutherans Reduced -3,725,000-3.7m
Man Group plc Reduced -3,448,000-3.4m

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Polar Asset Management Partners Inc. 2.28% of their portfolio TORONTO, A6 61,500,00061.5m $154.7m $154.7m 2.28% Added +9.0m +9,000,000
2 AQR Arbitrage LLC 2.40% of their portfolio Greenwich, CT 40,302,00040.3m $101.5m $101.5m 2.40% Added +10.4m +10,392,000
3 Weiss Asset Management LP 2.19% of their portfolio BOSTON, MA 38,000,00038.0m $95.8m $95.8m 2.19% Added +16.5m +16,500,000
4 Hudson Bay Capital Management LP 0.47% of their portfolio STAMFORD, CT 31,000,00031.0m $77.9m $77.9m 0.47% Unchanged
5 Alberta Investment Management Corp 0.51% of their portfolio EDMONTON, A0 30,000,00030.0m $75.7m $75.7m 0.51% Unchanged
6 Opti Capital Management, LP 3.27% of their portfolio New York, NY 29,000,00029.0m $73.1m $73.1m 3.27% Added +21.5m +21,500,000
7 Linden Advisors LP 0.58% of their portfolio New York, NY 27,957,00028.0m $70.3m $70.3m 0.58% Added +2.5m +2,500,000
8 CAPSTONE INVESTMENT ADVISORS, LLC 0.52% of their portfolio NEW YORK, NY 20,782,00020.8m $52.3m $52.3m 0.52% Added +8.3m +8,282,000
9 Aequim Alternative Investments LP 1.62% of their portfolio MILL VALLEY, CA 20,000,00020.0m $50.3m $50.3m 1.62% Added +5.0m +5,000,000
10 Daiwa Securities Group Inc. 0.17% of their portfolio CHIYODA-KU,TOKYO, M0 15,000,00015.0m $37.7m $37.7m 0.17% Reduced -7.0m -7,000,000
11 BlueCrest Capital Management Ltd 1.81% of their portfolio ST HELIER, Y9 12,650,00012.7m $31.9m $31.9m 1.81% Unchanged
12 Thrivent Financial for Lutherans 0.06% of their portfolio Minneapolis, MN 11,540,00011.5m $29.0m $29.0m 0.06% Reduced -3.7m -3,725,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,543,00010.5m $26.6m $26.6m 0.00% Added +500.0k +500,000
14 Calamos Advisors LLC 0.12% of their portfolio NAPERVILLE, IL 10,057,00010.1m $25.4m $25.4m 0.12% Reduced -14.0k -14,000
15 TENOR CAPITAL MANAGEMENT Co., L.P. 0.32% of their portfolio NEW YORK, NY 9,058,0009.1m $22.8m $22.8m 0.32% New
16 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio TORONTO, A6 8,000,0008.0m $20.1m $20.1m 0.04% Reduced -2.0m -2,000,000
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 7,643,0007.6m $19.2m $19.2m 0.00% New
18 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 7,569,0007.6m $19.0m $19.0m 0.04% Reduced -2.8m -2,831,000
19 ABSOLUTE INVESTMENT ADVISERS, LLC 2.21% of their portfolio ROSEMARY BEACH, FL 6,830,0006.8m $17.1m $17.1m 2.21% Unchanged
20 Man Group plc 0.05% of their portfolio LONDON, X0 6,552,0006.6m $16.5m $16.5m 0.05% Reduced -3.4m -3,448,000
21 FMR LLC 0.00% of their portfolio BOSTON, MA 5,856,0005.9m $14.7m $14.7m 0.00% Added +360.0k +360,000
22 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 5,810,0005.8m $14.6m $14.6m 0.02% New
23 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,550,0004.5m $11.4m $11.4m 0.00% Added +650.0k +650,000
24 ZAZOVE ASSOCIATES LLC 0.85% of their portfolio INCLINE VILLAGE, NV 3,500,0003.5m $8.8m $8.8m 0.85% Unchanged
25 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 2,877,0002.9m $7.2m $7.2m 0.01% Reduced -1.3m -1,273,000
26 SSI INVESTMENT MANAGEMENT LLC 0.50% of their portfolio Los Angeles, CA 2,694,0002.7m $6.8m $6.8m 0.50% Reduced -99.0k -99,000
27 Warberg Asset Management LLC 1.82% of their portfolio WINNETKA, IL 2,625,0002.6m $6.6m $6.6m 1.82% Unchanged
28 ARISTEIA CAPITAL, L.L.C. 0.18% of their portfolio GREENWICH, CT 2,000,0002.0m $5.0m $5.0m 0.18% Reduced -2.0m -2,000,000
29 Periscope Capital Inc. 3.12% of their portfolio Toronto, A6 1,750,0001.8m $4.4m $4.4m 3.12% Unchanged
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,606,0001.6m $4.0m $4.0m 0.00% Reduced -1.3m -1,332,000
31 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 1,075,0001.1m $2.7m $2.7m 0.00% Reduced -558.0k -558,000
32 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 455,000455.0k $1.1m $1.1m 0.00% Reduced -1.8m -1,799,000
33 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 249,000249.0k $626.8k $626.8k 0.00% Added +38.0k +38,000
34 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 200,000200.0k $502.0k $502.0k 0.00% Reduced -4.4m -4,400,000
35 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $501.9k $501.9k 0.00% Unchanged
36 NOMURA HOLDINGS INC 0.16% of their portfolio TOKYO, M0 153,354153.4k $29.7m $29.7m 0.16% Reduced -38.9k -38,861
37 Central Pacific Bank - Trust Division 0.05% of their portfolio HONOLULU, HI 149,000149.0k $374.3k $374.3k 0.05% Unchanged
38 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 59,87559.9k $11.6m $11.6m 0.01% New
39 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 51,00051.0k $128.1k $128.1k 0.00% Unchanged
40 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 37,00037.0k $93.0k $93.0k 0.00% Unchanged
41 Virtus Investment Advisers, LLC 0.06% of their portfolio HARTFORD, CT 28,00028.0k $70.3k $70.3k 0.06% Unchanged
42 Dundas Partners LLP 0.02% of their portfolio EDINBURGH, X0 1,7151.7k $332.2k $332.2k 0.02% Reduced -885 -885
43 Alken Asset Management Ltd 5.02% of their portfolio LONDON, X0 1,0501.1k $2.7m $2.7m 5.02% Reduced -350 -350
44 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged