Vault-13

INTERDIGITAL INC IDCC 3.5 06.01.27

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

39 institutional holders -5 vs Q4 2024
379,603379.6k shares reported held*
$1.2bnreported value*
5 new 10 added 7 reduced 9 sold out net sold ≈ $6.3m (-18.4m 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 ≈ $3228.34.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q2 23: 46Q3 23: 53Q4 23: 54Q1 24: 57Q2 24: 59Q3 24: 52Q4 24: 44Q1 25: 3939Q2 23Q4 23Q2 24Q4 24Q1 25
Numbers
QuarterHolders
Q2 202346
Q3 202353
Q4 202354
Q1 202457
Q2 202459
Q3 202452
Q4 202444
Q1 202539

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 outQ1 24: 29 bought or addedQ1 24: 24 cut or sold outQ1 24Q2 24: 17 bought or addedQ2 24: 30 cut or sold outQ3 24: 23 bought or addedQ3 24: 27 cut or sold outQ3 24Q4 24: 15 bought or addedQ4 24: 28 cut or sold outQ1 25: 15 bought or addedQ1 25: 16 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232711
Q4 20232423
Q1 20242924
Q2 20241730
Q3 20242327
Q4 20241528
Q1 20251516

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. Added +23,266,000+23.3m
Linden Advisors LP Added +15,500,000+15.5m
Weiss Asset Management LP Added +5,062,000+5.1m
Thrivent Financial for Lutherans New +4,325,000+4.3m
Opti Capital Management, LP Added +3,000,000+3.0m
JPMORGAN CHASE & CO Added +2,762,000+2.8m
LAZARD ASSET MANAGEMENT LLC Added +1,870,000+1.9m
CAPSTONE INVESTMENT ADVISORS, LLC Added +1,750,000+1.8m
BlackRock, Inc. Added +250,000+250.0k
CITIGROUP INC New +82,000+82.0k

Biggest sellers

Daiwa Securities Group Inc. Sold out -15,000,000-15.0m
Thrivent Financial for Lutherans Sold out -11,540,000-11.5m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Sold out -8,000,000-8.0m
BANK OF AMERICA CORP /DE/ Sold out -7,643,000-7.6m
ABSOLUTE INVESTMENT ADVISERS, LLC Sold out -6,830,000-6.8m
ZAZOVE ASSOCIATES LLC Sold out -3,500,000-3.5m
TWO SIGMA INVESTMENTS, LP Reduced -3,457,000-3.5m
ARISTEIA CAPITAL, L.L.C. Sold out -2,000,000-2.0m
STATE STREET CORP Reduced -1,150,000-1.1m
SSI INVESTMENT MANAGEMENT LLC Reduced -869,000-869.0k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Polar Asset Management Partners Inc. 5.48% of their portfolio TORONTO, A6 61,500,00061.5m $165.4m $165.4m 5.48% Unchanged
2 Linden Advisors LP 0.79% of their portfolio New York, NY 43,457,00043.5m $116.8m $116.8m 0.79% Added +15.5m +15,500,000
3 Weiss Asset Management LP 3.09% of their portfolio BOSTON, MA 43,062,00043.1m $115.7m $115.7m 3.09% Added +5.1m +5,062,000
4 AQR Arbitrage LLC 2.63% of their portfolio Greenwich, CT 40,302,00040.3m $108.3m $108.3m 2.63% Unchanged
5 TENOR CAPITAL MANAGEMENT Co., L.P. 1.24% of their portfolio NEW YORK, NY 32,324,00032.3m $87.4m $87.4m 1.24% Added +23.3m +23,266,000
6 Opti Capital Management, LP 5.27% of their portfolio New York, NY 32,000,00032.0m $86.1m $86.1m 5.27% Added +3.0m +3,000,000
7 Hudson Bay Capital Management LP 0.53% of their portfolio STAMFORD, CT 31,000,00031.0m $83.4m $83.4m 0.53% Unchanged
8 Alberta Investment Management Corp 0.55% of their portfolio EDMONTON, A0 30,000,00030.0m $80.9m $80.9m 0.55% Unchanged
9 CAPSTONE INVESTMENT ADVISORS, LLC 0.56% of their portfolio NEW YORK, NY 22,532,00022.5m $60.6m $60.6m 0.56% Added +1.8m +1,750,000
10 Aequim Alternative Investments LP 2.14% of their portfolio MILL VALLEY, CA 20,000,00020.0m $53.8m $53.8m 2.14% Unchanged
11 BlueCrest Capital Management Ltd 5.31% of their portfolio ST HELIER, Y9 12,400,00012.4m $33.3m $33.3m 5.31% Reduced -250.0k -250,000
12 Calamos Advisors LLC 0.13% of their portfolio NAPERVILLE, IL 10,137,00010.1m $27.2m $27.2m 0.13% Added +80.0k +80,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 9,393,0009.4m $25.3m $25.3m 0.00% Reduced -1.1m -1,150,000
14 LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 7,680,0007.7m $20.6m $20.6m 0.03% Added +1.9m +1,870,000
15 Man Group plc 0.05% of their portfolio LONDON, X0 6,552,0006.6m $17.6m $17.6m 0.05% Unchanged
16 FMR LLC 0.00% of their portfolio BOSTON, MA 5,856,0005.9m $15.7m $15.7m 0.00% Unchanged
17 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,800,0004.8m $12.9m $12.9m 0.00% Added +250.0k +250,000
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,368,0004.4m $11.7m $11.7m 0.00% Added +2.8m +2,762,000
19 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 4,325,0004.3m $11.7m $11.7m 0.03% New
20 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 4,112,0004.1m $11.0m $11.0m 0.02% Reduced -3.5m -3,457,000
21 Warberg Asset Management LLC 1.93% of their portfolio WINNETKA, IL 2,625,0002.6m $7.1m $7.1m 1.93% Unchanged
22 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 2,447,0002.4m $6.6m $6.6m 0.01% First filing
23 SSI INVESTMENT MANAGEMENT LLC 0.38% of their portfolio Los Angeles, CA 1,825,0001.8m $4.9m $4.9m 0.38% Reduced -869.0k -869,000
24 Periscope Capital Inc. 2.62% of their portfolio Toronto, A6 1,750,0001.8m $4.7m $4.7m 2.62% Unchanged
25 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 1,075,0001.1m $2.9m $2.9m 0.00% Unchanged
26 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 455,000455.0k $1.2m $1.2m 0.00% Unchanged
27 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 245,000245.0k $658.6k $658.6k 0.00% Reduced -4.0k -4,000
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 200,000200.0k $537.0k $537.0k 0.00% Unchanged
29 NOMURA HOLDINGS INC 0.17% of their portfolio TOKYO, M0 153,354153.4k $31.7m $31.7m 0.17% Unchanged
30 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 150,000150.0k $403.4k $403.4k 0.00% Reduced -50.0k -50,000
31 Central Pacific Bank - Trust Division 0.04% of their portfolio HONOLULU, HI 101,000101.0k $271.2k $271.2k 0.04% Reduced -48.0k -48,000
32 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 82,00082.0k $220.2k $220.2k 0.00% New
33 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 75,00075.0k $202.3k $202.3k 0.00% New
34 LOOMIS SAYLES & CO L P 0.02% of their portfolio BOSTON, MA 74,53474.5k $15.4m $15.4m 0.02% Added +14.7k +14,659
35 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 32,00032.0k $85.8k $85.8k 0.00% New
36 VIRTUS ADVISERS, LLC 0.02% of their portfolio HARTFORD, CT 14,00014.0k $37.6k $37.6k 0.02% New
37 Dundas Partners LLP 0.03% of their portfolio EDINBURGH, X0 1,7151.7k $354.6k $354.6k 0.03% Unchanged
38 Alken Asset Management Ltd 4.56% of their portfolio LONDON, X0 1,0501.1k $2.8m $2.8m 4.56% Unchanged
39 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged