Vault-13

JAZZ INVESTMENTS I LTD JAZZ 1.5 08.15.24

NOTE 1.500% 8/1 · US DOMESTIC · CUSIP 472145AD3

56 institutional holders +4 vs Q1 2023
32,590,08032.6m shares reported held*
$563.9mreported value*
7 new 15 added 12 reduced 3 sold out net bought ≈ $46.9m (+3.7m 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 ≈ $17.30.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 42Q4 22: 45Q1 23: 52Q2 23: 5656Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202242
Q4 202245
Q1 202352
Q2 202356

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: 19 cut or sold outQ4 22Q1 23: 20 bought or addedQ1 23: 17 cut or sold outQ1 23Q2 23: 22 bought or addedQ2 23: 15 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222119
Q1 20232017
Q2 20232215

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300kQ3 22 calls: $0Q3 22 puts: $266.6kQ3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$266.6k—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$0—

Biggest buyers

CAPSTONE INVESTMENT ADVISORS, LLC New +31,500,000+31.5m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +23,456,000+23.5m
STEELHEAD PARTNERS LLC Added +16,440,000+16.4m
CITADEL ADVISORS LLC New +16,105,000+16.1m
BANK OF MONTREAL /CAN/ New +12,400,000+12.4m
Man Group plc Added +7,900,000+7.9m
TORONTO DOMINION BANK Added +5,000,000+5.0m
STATE STREET CORP Added +4,800,000+4.8m
Invesco Ltd. New +3,500,000+3.5m
ROYAL BANK OF CANADA Added +2,725,000+2.7m

Biggest sellers

Wellesley Asset Management Reduced -34,242,727-34.2m
TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -14,575,000-14.6m
BlackRock Inc. Reduced -9,550,000-9.6m
SONA ASSET MANAGEMENT (US) LLC Sold out -8,000,000-8.0m
III Capital Management Reduced -5,434,000-5.4m
BNP PARIBAS FINANCIAL MARKETS Sold out -3,805,000-3.8m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -2,400,000-2.4m
JPMORGAN CHASE & CO Reduced -2,200,000-2.2m
JANE STREET GROUP, LLC Sold out -1,000,000-1.0m
LAZARD ASSET MANAGEMENT LLC Reduced -800,000-800.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 48,350,00048.4m $46.2m $46.2m 0.02% Unchanged
2 STEELHEAD PARTNERS LLC 2.78% of their portfolio SEATTLE, WA 46,041,00046.0m $43.9m $43.9m 2.78% Added +16.4m +16,440,000
3 TENOR CAPITAL MANAGEMENT Co., L.P. 0.91% of their portfolio NEW YORK, NY 45,425,00045.4m $43.6m $43.6m 0.91% Reduced -14.6m -14,575,000
4 HIGHBRIDGE CAPITAL MANAGEMENT LLC 2.24% of their portfolio NEW YORK, NY 40,352,00040.4m $38.5m $38.5m 2.24% Unchanged
5 CAPSTONE INVESTMENT ADVISORS, LLC 0.89% of their portfolio NEW YORK, NY 31,500,00031.5m $30.1m $30.1m 0.89% New
6 III Capital Management 2.19% of their portfolio BOCA RATON, FL 29,236,00029.2m $28.0m $28.0m 2.19% Reduced -5.4m -5,434,000
7 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 25,956,00026.0m $24.8m $24.8m 0.04% Added +23.5m +23,456,000
8 AVIVA PLC 0.10% of their portfolio LONDON, X0 25,000,00025.0m $23.7m $23.7m 0.10% Unchanged
9 CAMDEN ASSET MANAGEMENT L P /CA 0.66% of their portfolio Los Angeles, CA 19,945,00019.9m $19.0m $19.0m 0.66% Unchanged
10 BlackRock Inc. 0.00% of their portfolio New York, NY 17,917,00017.9m $17.0m $17.0m 0.00% Reduced -9.6m -9,550,000
11 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 16,105,00016.1m $15.4m $15.4m 0.02% New
12 Birch Grove Capital LP 22.45% of their portfolio New York, NY 16,100,00016.1m $15.3m $15.3m 22.45% Unchanged
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 15,833,00015.8m $15.2m $15.2m 0.00% Added +4.8m +4,800,000
14 Man Group plc 0.05% of their portfolio LONDON, X0 15,700,00015.7m $15.0m $15.0m 0.05% Added +7.9m +7,900,000
15 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 13,995,00014.0m $13.4m $13.4m 0.01% Added +1.1m +1,145,000
16 Wellesley Asset Management 1.02% of their portfolio PORTSMOUTH, NH 13,095,00013.1m $12.5m $12.5m 1.02% Reduced -34.2m -34,242,727
17 Jefferies Financial Group Inc. 0.27% of their portfolio NEW YORK, NY 13,080,00013.1m $12.5m $12.5m 0.27% Added +1.5m +1,496,000
18 Linden Advisors LP 0.13% of their portfolio New York, NY 12,500,00012.5m $11.9m $11.9m 0.13% Unchanged
19 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 12,400,00012.4m $11.8m $11.8m 0.00% New
20 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 10,500,00010.5m $10.0m $10.0m 0.02% Unchanged
21 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 10,000,00010.0m $9.5m $9.5m 0.01% Added +5.0m +5,000,000
22 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 9,500,0009.5m $9.0m $9.0m 0.02% Unchanged
23 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 8,570,0008.6m $8.2m $8.2m 0.00% Added +2.7m +2,725,000
24 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 8,000,0008.0m $7.6m $7.6m 0.02% Unchanged
25 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 7,700,0007.7m $7.3m $7.3m 0.01% Reduced -800.0k -800,000
26 PALISADE CAPITAL MANAGEMENT, LP 0.16% of their portfolio FORT LEE, NJ 6,412,0006.4m $6.1m $6.1m 0.16% Added +200.0k +200,000
27 Radcliffe Capital Management, L.P. 0.52% of their portfolio BALA CYNWYD, PA 6,402,0006.4m $6.1m $6.1m 0.52% Unchanged
28 SHENKMAN CAPITAL MANAGEMENT INC 0.48% of their portfolio NEW YORK, NY 6,371,0006.4m $6.2m $6.2m 0.48% Reduced -410.0k -410,000
29 OSTERWEIS CAPITAL MANAGEMENT INC 0.38% of their portfolio SAN FRANCISCO, CA 6,000,0006.0m $5.7m $5.7m 0.38% Unchanged
30 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 5,700,0005.7m $5.4m $5.4m 0.01% Unchanged
31 OAKTREE CAPITAL MANAGEMENT LP 0.06% of their portfolio LOS ANGELES, CA 4,857,0004.9m $4.6m $4.6m 0.06% Added +362.0k +362,000
32 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,200,0004.2m $4.0m $4.0m 0.00% Reduced -2.2m -2,200,000
33 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 3,500,0003.5m $3.3m $3.3m 0.00% New
34 ADVENT CAPITAL MANAGEMENT /DE/ 0.06% of their portfolio NEW YORK, NY 3,280,0003.3m $3.1m $3.1m 0.06% Reduced -2.4m -2,400,000
35 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 2,779,0002.8m $2.7m $2.7m 0.00% Added +200.0k +200,000
36 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,639,0002.6m $2.5m $2.5m 0.00% Added +400.0k +400,000
37 Daiwa Securities Group Inc. 0.02% of their portfolio CHIYODA-KU,TOKYO, M0 2,500,0002.5m $2.4m $2.4m 0.02% New
38 SSI INVESTMENT MANAGEMENT LLC 0.15% of their portfolio Los Angeles, CA 2,250,0002.2m $2.1m $2.1m 0.15% Unchanged
39 PUTNAM INVESTMENTS LLC 0.00% of their portfolio BOSTON, MA 1,949,0001.9m $1.9m $1.9m 0.00% Unchanged
40 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,885,0001.9m $1.8m $1.8m 0.00% Reduced -70.0k -70,000
41 Kohlberg Kravis Roberts & Co. L.P. 0.05% of their portfolio NEW YORK, NY 1,826,0001.8m $1.7m $1.7m 0.05% Added +900.0k +900,000
42 ABN AMRO INVESTMENT SOLUTIONS 0.03% of their portfolio PARIS CEDEX 008, I0 1,800,0001.8m $1.7m $1.7m 0.03% Unchanged
43 Amundi 0.00% of their portfolio Paris, I0 1,600,0001.6m $1.5m $1.5m 0.00% Reduced -200.0k -200,000
44 Lombard Odier Asset Management (Europe) Ltd 0.07% of their portfolio LONDON, X0 1,600,0001.6m $1.5m $1.5m 0.07% Unchanged
45 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,543,0001.5m $1.5m $1.5m 0.00% Added +128.0k +128,000
46 Penn Mutual Asset Management 1.09% of their portfolio Conshohocken, PA 1,265,0001.3m $1.2m $1.2m 1.09% Added +250.0k +250,000
47 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 800,000800.0k $758.0k $758.0k 0.00% New
48 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $286.2k $286.2k 0.00% Unchanged
49 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $288.0k $288.0k 0.00% Unchanged
50 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 174,000174.0k $166.0k $166.0k 0.01% New
51 MIZUHO SECURITIES USA LLC 0.00% of their portfolio NEW YORK, NY 60,00060.0k $57.2k $57.2k 0.00% Reduced -506.0k -506,000
52 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 19,00019.0k $18.1k $18.1k 0.00% Unchanged
53 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 6,7006.7k $637.0k $637.0k 0.01% Unchanged
54 Candriam S.C.A. 0.02% of their portfolio STRASSEN, N4 3,4003.4k $3.2m $3.2m 0.02% Unchanged
55 LAFFER TENGLER INVESTMENTS, INC. 0.53% of their portfolio Scottsdale, AZ 2,0802.1k $2.0m $2.0m 0.53% Reduced -92 -92
56 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged