Vault-13

INTERDIGITAL INC IDCC 3.5 06.01.27

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

31 institutional holders -1 vs Q3 2025
301,610301.6k shares reported held*
$1.7bnreported value*
4 new 10 added 8 reduced 7 sold out net sold ≈ $8.8m (-22.9k 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 ≈ $5641.72.

Trends to Q4 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: 39Q3 25: 32Q4 25: 3131Q2 23Q4 23Q2 24Q4 24Q2 25Q4 25
Numbers
QuarterHolders
Q2 202346
Q3 202353
Q4 202354
Q1 202457
Q2 202459
Q3 202452
Q4 202444
Q1 202539
Q2 202539
Q3 202532
Q4 202531

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 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 25Q3 25: 11 bought or addedQ3 25: 16 cut or sold outQ4 25: 14 bought or addedQ4 25: 15 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242924
Q2 20241730
Q3 20242327
Q4 20241528
Q1 20251516
Q2 20251014
Q3 20251116
Q4 20251415

Biggest buyers

DeepCurrents Investment Group LLC New +41,900,000+41.9m
BNP PARIBAS FINANCIAL MARKETS Added +5,376,000+5.4m
LAZARD ASSET MANAGEMENT LLC Added +3,639,000+3.6m
LORD, ABBETT & CO. LLC New +3,041,000+3.0m
Aequim Alternative Investments LP Added +2,300,000+2.3m
BlackRock, Inc. Added +1,300,000+1.3m
Union Bancaire Privee, UBP SA New +700,000+700.0k
Polar Asset Management Partners Inc. Added +275,000+275.0k
STATE STREET CORP Added +200,000+200.0k
JPMORGAN CHASE & CO Added +27,000+27.0k

Biggest sellers

Hudson Bay Capital Management LP Sold out -27,500,000-27.5m
Opti Capital Management, LP Sold out -24,500,000-24.5m
VOYA INVESTMENT MANAGEMENT LLC Reduced -2,325,000-2.3m
WELLS FARGO & COMPANY/MN Sold out -1,189,000-1.2m
MACQUARIE GROUP LTD Sold out -525,000-525.0k
TWO SIGMA INVESTMENTS, LP Reduced -504,000-504.0k
JANE STREET GROUP, LLC Sold out -284,000-284.0k
Weiss Asset Management LP Reduced -165,000-165.0k
Universal- Beteiligungs- und Servicegesellschaft mbH Reduced -100,000-100.0k
Jefferies Financial Group Inc. Sold out -75,000-75.0k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 4.67% of their portfolio NEW YORK, NY 80,000,00080.0m $331.3m $331.3m 4.67% Unchanged
2 Polar Asset Management Partners Inc. 5.07% of their portfolio TORONTO, A6 61,775,00061.8m $255.5m $255.5m 5.07% Added +275.0k +275,000
3 Weiss Asset Management LP 3.51% of their portfolio BOSTON, MA 59,897,00059.9m $247.3m $247.3m 3.51% Reduced -165.0k -165,000
4 DeepCurrents Investment Group LLC 6.42% of their portfolio NEW YORK, NY 41,900,00041.9m $172.7m $172.7m 6.42% New
5 Alberta Investment Management Corp 0.74% of their portfolio EDMONTON, A0 30,000,00030.0m $123.9m $123.9m 0.74% Unchanged
6 BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio PARIS, I0 26,688,00026.7m $110.0m $110.0m 0.07% Added +5.4m +5,376,000
7 CAPSTONE INVESTMENT ADVISORS, LLC 0.76% of their portfolio NEW YORK, NY 22,532,00022.5m $92.9m $92.9m 0.76% Unchanged
8 Aequim Alternative Investments LP 1.82% of their portfolio MILL VALLEY, CA 22,300,00022.3m $91.9m $91.9m 1.82% Added +2.3m +2,300,000
9 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 21,062,00021.1m $868.4k $868.4k 0.00% Added +3.6m +3,639,000
10 Calamos Advisors LLC 0.17% of their portfolio NAPERVILLE, IL 10,060,00010.1m $41.5m $41.5m 0.17% Added +17.0k +17,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 9,722,0009.7m $40.2m $40.2m 0.00% Added +200.0k +200,000
12 FMR LLC 0.00% of their portfolio BOSTON, MA 6,126,0006.1m $25.2m $25.2m 0.00% Unchanged
13 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 5,925,0005.9m $24.4m $24.4m 0.02% Reduced -2.3m -2,325,000
14 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,775,0005.8m $23.8m $23.8m 0.00% Added +1.3m +1,300,000
15 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 3,863,0003.9m $15.9m $15.9m 0.03% Added +22.0k +22,000
16 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 3,608,0003.6m $14.9m $14.9m 0.02% Reduced -504.0k -504,000
17 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 3,041,0003.0m $12.5m $12.5m 0.04% New
18 SSI INVESTMENT MANAGEMENT LLC 0.49% of their portfolio Los Angeles, CA 1,743,0001.7m $7.2m $7.2m 0.49% Reduced -6.0k -6,000
19 Union Bancaire Privee, UBP SA 0.03% of their portfolio GENEVA 1, V8 700,000700.0k $2.6m $2.6m 0.03% New
20 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 525,000525.0k $2.2m $2.2m 0.00% First filing
21 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 425,000425.0k $1.8m $1.8m 0.00% Reduced -100.0k -100,000
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 225,000225.0k $927.1k $927.1k 0.00% Unchanged
23 NOMURA HOLDINGS INC 0.14% of their portfolio TOKYO, M0 153,354153.4k $48.8m $48.8m 0.14% Unchanged
24 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 111,000111.0k $459.9k $459.9k 0.00% Reduced -39.0k -39,000
25 Central Pacific Bank - Trust Division 0.05% of their portfolio HONOLULU, HI 101,000101.0k $416.2k $416.2k 0.05% Unchanged
26 Ares Systematic Credit Ltd 0.34% of their portfolio LONDON, X0 100,000100.0k $412.6k $412.6k 0.34% First filing
27 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 36,68236.7k $11.7m $11.7m 0.01% Added +17.2k +17,184
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 31,00031.0k $128.4k $128.4k 0.00% Added +27.0k +27,000
29 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,0001.0k $4.1k $4.1k 0.00% New
30 Alken Asset Management Ltd 0.06% of their portfolio LONDON, X0 850850 $3.5k $3.5k 0.06% Reduced -200 -200
31 Dundas Partners LLP 0.01% of their portfolio EDINBURGH, X0 574574 $182.8k $182.8k 0.01% Reduced -1.1k -1,080