Vault-13

INTERDIGITAL INC IDCC 3.5 06.01.27

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

39 institutional holders +0 vs Q1 2025
387,272387.3k shares reported held*
$1.3bnreported value*
3 new 7 added 11 reduced 3 sold out net bought ≈ $15.1m (+7.7k 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 ≈ $3480.65.

Trends to Q2 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: 39Q2 25: 3939Q2 23Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q2 202346
Q3 202353
Q4 202354
Q1 202457
Q2 202459
Q3 202452
Q4 202444
Q1 202539
Q2 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 outQ4 23: 24 bought or addedQ4 23: 23 cut or sold outQ4 23Q1 24: 29 bought or addedQ1 24: 24 cut or sold outQ2 24: 17 bought or addedQ2 24: 30 cut or sold outQ2 24Q3 24: 23 bought or addedQ3 24: 27 cut or sold outQ4 24: 15 bought or addedQ4 24: 28 cut or sold outQ4 24Q1 25: 15 bought or addedQ1 25: 16 cut or sold outQ2 25: 10 bought or addedQ2 25: 14 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232711
Q4 20232423
Q1 20242924
Q2 20241730
Q3 20242327
Q4 20241528
Q1 20251516
Q2 20251014

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. Added +22,676,000+22.7m
VOYA INVESTMENT MANAGEMENT LLC New +6,500,000+6.5m
LAZARD ASSET MANAGEMENT LLC Added +2,631,000+2.6m
BANK OF AMERICA CORP /DE/ New +795,000+795.0k
WELLS FARGO & COMPANY/MN New +630,000+630.0k
JPMORGAN CHASE & CO Added +547,000+547.0k
JANE STREET GROUP, LLC Added +530,000+530.0k
ROYAL BANK OF CANADA Added +200,000+200.0k
LOOMIS SAYLES & CO L P Added +7,730+7.7k
Warberg Asset Management LLC Added +7,000+7.0k

Biggest sellers

BlueCrest Capital Management Ltd Sold out -12,400,000-12.4m
Man Group plc Sold out -6,552,000-6.6m
Hudson Bay Capital Management LP Reduced -3,500,000-3.5m
Weiss Asset Management LP Reduced -3,000,000-3.0m
Periscope Capital Inc. Sold out -1,750,000-1.8m
STATE STREET CORP Reduced -600,000-600.0k
FMR LLC Reduced -432,000-432.0k
BlackRock, Inc. Reduced -350,000-350.0k
Thrivent Financial for Lutherans Reduced -350,000-350.0k
MACQUARIE GROUP LTD Reduced -250,000-250.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Polar Asset Management Partners Inc. 4.48% of their portfolio TORONTO, A6 61,500,00061.5m $179.9m $179.9m 4.48% Unchanged
2 TENOR CAPITAL MANAGEMENT Co., L.P. 2.17% of their portfolio NEW YORK, NY 55,000,00055.0m $160.8m $160.8m 2.17% Added +22.7m +22,676,000
3 Linden Advisors LP 0.78% of their portfolio New York, NY 43,457,00043.5m $126.8m $126.8m 0.78% Unchanged
4 AQR Arbitrage LLC 2.75% of their portfolio Greenwich, CT 40,302,00040.3m $117.5m $117.5m 2.75% Unchanged
5 Weiss Asset Management LP 1.85% of their portfolio BOSTON, MA 40,062,00040.1m $117.2m $117.2m 1.85% Reduced -3.0m -3,000,000
6 Opti Capital Management, LP 5.31% of their portfolio New York, NY 32,000,00032.0m $93.6m $93.6m 5.31% Unchanged
7 Alberta Investment Management Corp 0.69% of their portfolio EDMONTON, A0 30,000,00030.0m $87.8m $87.8m 0.69% Unchanged
8 Hudson Bay Capital Management LP 0.53% of their portfolio STAMFORD, CT 27,500,00027.5m $80.2m $80.2m 0.53% Reduced -3.5m -3,500,000
9 CAPSTONE INVESTMENT ADVISORS, LLC 0.56% of their portfolio NEW YORK, NY 22,532,00022.5m $65.7m $65.7m 0.56% Unchanged
10 Aequim Alternative Investments LP 1.90% of their portfolio MILL VALLEY, CA 20,000,00020.0m $58.3m $58.3m 1.90% Unchanged
11 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 10,311,00010.3m $30.1m $30.1m 0.04% Added +2.6m +2,631,000
12 Calamos Advisors LLC 0.13% of their portfolio NAPERVILLE, IL 10,057,00010.1m $29.4m $29.4m 0.13% Reduced -80.0k -80,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,793,0008.8m $25.8m $25.8m 0.00% Reduced -600.0k -600,000
14 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 6,500,0006.5m $18.9m $18.9m 0.02% New
15 FMR LLC 0.00% of their portfolio BOSTON, MA 5,424,0005.4m $15.8m $15.8m 0.00% Reduced -432.0k -432,000
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,915,0004.9m $14.6m $14.6m 0.00% Added +547.0k +547,000
17 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,450,0004.5m $13.0m $13.0m 0.00% Reduced -350.0k -350,000
18 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 4,112,0004.1m $12.0m $12.0m 0.02% Unchanged
19 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 3,975,0004.0m $11.6m $11.6m 0.03% Reduced -350.0k -350,000
20 Warberg Asset Management LLC 1.88% of their portfolio WINNETKA, IL 2,632,0002.6m $7.7m $7.7m 1.88% Added +7.0k +7,000
21 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 2,447,0002.4m $7.4m $7.4m 0.01% Unchanged
22 SSI INVESTMENT MANAGEMENT LLC 0.36% of their portfolio Los Angeles, CA 1,749,0001.7m $5.1m $5.1m 0.36% Reduced -76.0k -76,000
23 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 825,000825.0k $2.4m $2.4m 0.00% Reduced -250.0k -250,000
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 795,000795.0k $2.3m $2.3m 0.00% New
25 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 630,000630.0k $1.9m $1.9m 0.00% New
26 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 562,000562.0k $1.7m $1.7m 0.00% Added +530.0k +530,000
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 455,000455.0k $1.3m $1.3m 0.00% Unchanged
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 400,000400.0k $1.2m $1.2m 0.00% Added +200.0k +200,000
29 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 236,000236.0k $687.9k $687.9k 0.00% Reduced -9.0k -9,000
30 NOMURA HOLDINGS INC 0.28% of their portfolio TOKYO, M0 153,354153.4k $34.4m $34.4m 0.28% Unchanged
31 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 150,000150.0k $446.2k $446.2k 0.00% Unchanged
32 Central Pacific Bank - Trust Division 0.04% of their portfolio HONOLULU, HI 101,000101.0k $294.2k $294.2k 0.04% Unchanged
33 LOOMIS SAYLES & CO L P 0.02% of their portfolio BOSTON, MA 82,26482.3k $18.4m $18.4m 0.02% Added +7.7k +7,730
34 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 82,00082.0k $238.8k $238.8k 0.00% Unchanged
35 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 75,00075.0k $219.7k $219.7k 0.00% Unchanged
36 VIRTUS ADVISERS, LLC 0.02% of their portfolio HARTFORD, CT 14,00014.0k $40.8k $40.8k 0.02% Unchanged
37 Dundas Partners LLP 0.03% of their portfolio EDINBURGH, X0 1,6541.7k $370.9k $370.9k 0.03% Reduced -61 -61
38 Alken Asset Management Ltd 5.37% of their portfolio LONDON, X0 1,0501.1k $3.1m $3.1m 5.37% Unchanged
39 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged