Vault-13

IONIS PHARMACEUTICALS INC IONS 0.125 12.15.24

NOTE 0.125%12/1 · US DOMESTIC · CUSIP 462222AB6

28 institutional holders -16 vs Q1 2023
31,205,00031.2m shares reported held*
$105.7mreported value*
3 new 3 added 7 reduced 19 sold out net sold ≈ $378.2m (-7.2m 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 ≈ $3.39.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 45Q4 22: 47Q1 23: 44Q2 23: 2828Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202245
Q4 202247
Q1 202344
Q2 202328

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 21 bought or addedQ4 22: 15 cut or sold outQ4 22Q1 23: 17 bought or addedQ1 23: 21 cut or sold outQ1 23Q2 23: 6 bought or addedQ2 23: 26 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222115
Q1 20231721
Q2 2023626

Biggest buyers

MORGAN STANLEY New +15,000,000+15.0m
LAZARD ASSET MANAGEMENT LLC Added +2,800,000+2.8m
HighTower Advisors, LLC New +2,470,000+2.5m
CITIGROUP INC New +1,629,000+1.6m
ROYAL BANK OF CANADA Added +927,000+927.0k
BNP PARIBAS FINANCIAL MARKETS Added +42,000+42.0k

Biggest sellers

TENOR CAPITAL MANAGEMENT Co., L.P. Sold out -129,852,000-129.9m
DeepCurrents Investment Group LLC Sold out -76,898,000-76.9m
Opti Capital Management, LP Sold out -42,313,000-42.3m
D. E. Shaw & Co., Inc. Sold out -38,485,000-38.5m
BRAIDWELL LP Sold out -36,533,000-36.5m
AVIVA PLC Sold out -30,000,000-30.0m
BlackRock Inc. Reduced -15,000,000-15.0m
DLD Asset Management, LP Sold out -15,000,000-15.0m
Calamos Advisors LLC Sold out -11,243,000-11.2m
ADVENT CAPITAL MANAGEMENT /DE/ Sold out -10,314,000-10.3m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Sonora Investment Management Group, LLC 1.49% of their portfolio TUCSON, AZ 18,860,00018.9m $17.8m $17.8m 1.49% Reduced -70.0k -70,000
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 15,000,00015.0m $13.9m $13.9m 0.00% New
3 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 12,045,00012.0m $11.2m $11.2m 0.03% Reduced -2.8m -2,800,000
4 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 9,752,0009.8m $9.1m $9.1m 0.01% Added +2.8m +2,800,000
5 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 9,750,0009.8m $9.1m $9.1m 0.00% Reduced -1.6m -1,600,000
6 OAKTREE CAPITAL MANAGEMENT LP 0.10% of their portfolio LOS ANGELES, CA 7,702,0007.7m $7.2m $7.2m 0.10% Reduced -280.0k -280,000
7 III Capital Management 0.38% of their portfolio BOCA RATON, FL 5,100,0005.1m $4.8m $4.8m 0.38% Unchanged
8 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 5,000,0005.0m $4.7m $4.7m 0.00% Reduced -3.0m -3,000,000
9 PALISADE CAPITAL MANAGEMENT, LP 0.12% of their portfolio FORT LEE, NJ 4,740,0004.7m $4.5m $4.5m 0.12% Unchanged
10 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,277,0004.3m $4.0m $4.0m 0.00% Added +927.0k +927,000
11 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 4,138,0004.1m $3.9m $3.9m 0.00% Unchanged
12 BlackRock Inc. 0.00% of their portfolio New York, NY 3,126,0003.1m $2.9m $2.9m 0.00% Reduced -15.0m -15,000,000
13 Penn Mutual Asset Management 2.31% of their portfolio Conshohocken, PA 2,756,0002.8m $2.6m $2.6m 2.31% Unchanged
14 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,500,0002.5m $2.4m $2.4m 0.00% Unchanged
15 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 2,470,0002.5m $2.3m $2.3m 0.00% New
16 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,629,0001.6m $1.5m $1.5m 0.00% New
17 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,314,0001.3m $1.2m $1.2m 0.00% Unchanged
18 Kohlberg Kravis Roberts & Co. L.P. 0.02% of their portfolio NEW YORK, NY 796,000796.0k $744.3k $744.3k 0.02% Unchanged
19 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 500,000500.0k $465.0k $465.0k 0.00% Unchanged
20 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 360,000360.0k $333.9k $333.9k 0.00% Unchanged
21 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 350,000350.0k $325.5k $325.5k 0.00% Unchanged
22 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $282.2k $282.2k 0.00% Unchanged
23 PINNACLE ASSOCIATES LTD 0.00% of their portfolio NEW YORK, NY 280,000280.0k $263.7k $263.7k 0.00% Unchanged
24 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 195,000195.0k $182.7k $182.7k 0.00% Added +42.0k +42,000
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 27,00027.0k $25.4k $25.4k 0.00% Reduced -1.5m -1,470,000
26 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 22,00022.0k $20.5k $20.5k 0.00% Unchanged
27 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 20,00020.0k $18.6k $18.6k 0.00% Unchanged
28 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged