Vault-13

INTERDIGITAL INC IDCC 3.5 06.01.27

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

31 institutional holders +0 vs Q4 2025
2,021,6782.0m shares reported held*
$1.3bnreported value*
5 new 6 added 6 reduced 4 sold out net sold ≈ $85.1m (+1.7m 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 ≈ $642.04.

Trends to Q1 2026

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: 31Q1 26: 3131Q2 23Q1 24Q4 24Q3 25Q1 26
Numbers
QuarterHolders
Q2 202346
Q3 202353
Q4 202354
Q1 202457
Q2 202459
Q3 202452
Q4 202444
Q1 202539
Q2 202539
Q3 202532
Q4 202531
Q1 202631

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 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 25Q2 25: 10 bought or addedQ2 25: 14 cut or sold outQ3 25: 11 bought or addedQ3 25: 16 cut or sold outQ3 25Q4 25: 14 bought or addedQ4 25: 15 cut or sold outQ1 26: 11 bought or addedQ1 26: 10 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20241730
Q3 20242327
Q4 20241528
Q1 20251516
Q2 20251014
Q3 20251116
Q4 20251415
Q1 20261110

Biggest buyers

D. E. Shaw & Co., Inc. New +51,837,000+51.8m
CAPSTONE INVESTMENT ADVISORS, LLC Added +12,000,000+12.0m
SSI INVESTMENT MANAGEMENT LLC New +1,709,000+1.7m
JANE STREET GROUP, LLC New +1,625,000+1.6m
BlackRock, Inc. Added +1,550,000+1.6m
BNP PARIBAS FINANCIAL MARKETS Added +339,000+339.0k
Union Bancaire Privee, UBP SA Added +150,000+150.0k
LORD, ABBETT & CO. LLC Added +138,000+138.0k
UBS Group AG New +32,000+32.0k
LOOMIS SAYLES & CO L P Added +9,716+9.7k

Biggest sellers

TENOR CAPITAL MANAGEMENT Co., L.P. Sold out -80,000,000-80.0m
VOYA INVESTMENT MANAGEMENT LLC Sold out -5,925,000-5.9m
SSI INVESTMENT MANAGEMENT LLC Sold out -1,743,000-1.7m
FMR LLC Reduced -1,520,000-1.5m
STATE STREET CORP Reduced -1,018,000-1.0m
Thrivent Financial for Lutherans Reduced -820,000-820.0k
DeepCurrents Investment Group LLC Reduced -100,000-100.0k
JPMORGAN CHASE & CO Sold out -31,000-31.0k
Calamos Advisors LLC Reduced -5,000-5.0k
Dundas Partners LLP Reduced -91-91

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Polar Asset Management Partners Inc. 5.76% of their portfolio TORONTO, A6 61,775,00061.8m $242.6m $242.6m 5.76% Unchanged
2 D. E. Shaw & Co., Inc. 0.16% of their portfolio New York, NY 51,837,00051.8m $202.7m $202.7m 0.16% New
3 DeepCurrents Investment Group LLC 6.72% of their portfolio NEW YORK, NY 41,800,00041.8m $163.4m $163.4m 6.72% Reduced -100.0k -100,000
4 CAPSTONE INVESTMENT ADVISORS, LLC 1.11% of their portfolio NEW YORK, NY 34,532,00034.5m $134.8m $134.8m 1.11% Added +12.0m +12,000,000
5 Alberta Investment Management Corp 0.72% of their portfolio EDMONTON, A0 30,000,00030.0m $116.8m $116.8m 0.72% Unchanged
6 BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio PARIS, I0 27,027,00027.0m $105.5m $105.5m 0.07% Added +339.0k +339,000
7 Aequim Alternative Investments LP 1.69% of their portfolio MILL VALLEY, CA 22,300,00022.3m $87.1m $87.1m 1.69% Unchanged
8 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 21,062,00021.1m $822.5k $822.5k 0.00% Unchanged
9 Calamos Advisors LLC 0.15% of their portfolio NAPERVILLE, IL 10,055,00010.1m $39.2m $39.2m 0.15% Reduced -5.0k -5,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,704,0008.7m $34.1m $34.1m 0.00% Reduced -1.0m -1,018,000
11 BlackRock, Inc. 0.00% of their portfolio New York, NY 7,325,0007.3m $28.6m $28.6m 0.00% Added +1.6m +1,550,000
12 FMR LLC 0.00% of their portfolio BOSTON, MA 4,606,0004.6m $18.0m $18.0m 0.00% Reduced -1.5m -1,520,000
13 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 3,608,0003.6m $14.1m $14.1m 0.01% Unchanged
14 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 3,179,0003.2m $12.4m $12.4m 0.04% Added +138.0k +138,000
15 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 3,043,0003.0m $11.9m $11.9m 0.02% Reduced -820.0k -820,000
16 SSI INVESTMENT MANAGEMENT LLC 0.46% of their portfolio Los Angeles, CA 1,709,0001.7m $6.7m $6.7m 0.46% New
17 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 1,625,0001.6m $6.4m $6.4m 0.01% New
18 Union Bancaire Privee, UBP SA 0.04% of their portfolio GENEVA 1, V8 850,000850.0k $2.9m $2.9m 0.04% Added +150.0k +150,000
19 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 525,000525.0k $2.0m $2.0m 0.00% Unchanged
20 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 425,000425.0k $1.7m $1.7m 0.00% Unchanged
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 225,000225.0k $878.1k $878.1k 0.00% Unchanged
22 NOMURA HOLDINGS INC 0.39% of their portfolio TOKYO, M0 153,354153.4k $46.3m $46.3m 0.39% Unchanged
23 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 111,000111.0k $432.9k $432.9k 0.00% Unchanged
24 Central Pacific Bank - Trust Division 0.05% of their portfolio HONOLULU, HI 101,000101.0k $394.2k $394.2k 0.05% Unchanged
25 Ares Systematic Credit Ltd 0.30% of their portfolio LONDON, X0 100,000100.0k $381.0k $381.0k 0.30% Unchanged
26 LOOMIS SAYLES & CO L P 0.02% of their portfolio BOSTON, MA 46,39846.4k $14.0m $14.0m 0.02% Added +9.7k +9,716
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 32,00032.0k $124.9k $124.9k 0.00% New
28 Ethic Inc. 0.01% of their portfolio NEW YORK, NY 1,4431.4k $435.8k $435.8k 0.01% New
29 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,0001.0k $3.9k $3.9k 0.00% Unchanged
30 Alken Asset Management Ltd 5.94% of their portfolio LONDON, X0 850850 $3.3m $3.3m 5.94% Unchanged
31 Dundas Partners LLP 0.01% of their portfolio EDINBURGH, X0 483483 $145.9k $145.9k 0.01% Reduced -91 -91