Vault-13

JAZZ INVESTMENTS I LTD JAZZ 1.5 08.15.24

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

52 institutional holders +2 vs Q3 2023
22,165,03022.2m shares reported held*
$571.1mreported value*
12 new 11 added 18 reduced 10 sold out net sold ≈ $55.7m (+2.4m 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 ($3.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.94.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 42Q4 22: 45Q1 23: 52Q2 23: 56Q3 23: 50Q4 23: 5252Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202242
Q4 202245
Q1 202352
Q2 202356
Q3 202350
Q4 202352

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 23Q3 23: 15 bought or addedQ3 23: 27 cut or sold outQ3 23Q4 23: 23 bought or addedQ4 23: 28 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222119
Q1 20232017
Q2 20232215
Q3 20231527
Q4 20232328

Biggest buyers

SONA ASSET MANAGEMENT (US) LLC New +35,000,000+35.0m
III Capital Management New +32,500,000+32.5m
CAPSTONE INVESTMENT ADVISORS, LLC Added +26,750,000+26.8m
OSTERWEIS CAPITAL MANAGEMENT INC Added +20,000,000+20.0m
Cohanzick Management, LLC New +15,500,000+15.5m
Centiva Capital, LP New +12,500,000+12.5m
PIPER SANDLER & CO. New +7,100,000+7.1m
BANK OF AMERICA CORP /DE/ New +5,300,000+5.3m
Paloma Partners Management Co New +3,900,000+3.9m
JPMORGAN CHASE & CO Added +3,284,000+3.3m

Biggest sellers

Wellesley Asset Management Sold out -62,999,607-63.0m
CITADEL ADVISORS LLC Reduced -49,642,000-49.6m
STEELHEAD PARTNERS LLC Sold out -40,000,000-40.0m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -10,578,000-10.6m
AVIVA PLC Reduced -10,000,000-10.0m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -9,000,000-9.0m
Birch Grove Capital LP Sold out -7,100,000-7.1m
OAKTREE CAPITAL MANAGEMENT LP Sold out -5,683,000-5.7m
Segantii Capital Management Ltd Reduced -5,000,000-5.0m
DLD Asset Management, LP Sold out -4,500,000-4.5m

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CAPSTONE INVESTMENT ADVISORS, LLC 1.23% of their portfolio NEW YORK, NY 73,231,00073.2m $71.4m $71.4m 1.23% Added +26.8m +26,750,000
2 TENOR CAPITAL MANAGEMENT Co., L.P. 1.04% of their portfolio NEW YORK, NY 59,725,00059.7m $58.4m $58.4m 1.04% Unchanged
3 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 48,350,00048.4m $47.1m $47.1m 0.02% Unchanged
4 ARISTEIA CAPITAL, L.L.C. 1.50% of their portfolio GREENWICH, CT 37,391,00037.4m $36.4m $36.4m 1.50% Reduced -3.4m -3,400,000
5 SONA ASSET MANAGEMENT (US) LLC 3.14% of their portfolio NEW YORK, NY 35,000,00035.0m $34.1m $34.1m 3.14% New
6 III Capital Management 1.82% of their portfolio BOCA RATON, FL 32,500,00032.5m $31.5m $31.5m 1.82% New
7 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.35% of their portfolio NEW YORK, NY 26,352,00026.4m $25.6m $25.6m 1.35% Reduced -9.0m -9,000,000
8 OSTERWEIS CAPITAL MANAGEMENT INC 1.61% of their portfolio SAN FRANCISCO, CA 26,000,00026.0m $25.3m $25.3m 1.61% Added +20.0m +20,000,000
9 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 21,435,00021.4m $20.8m $20.8m 0.02% Reduced -49.6m -49,642,000
10 Man Group plc 0.05% of their portfolio LONDON, X0 16,700,00016.7m $16.2m $16.2m 0.05% Reduced -1.9m -1,900,000
11 Cohanzick Management, LLC 9.32% of their portfolio Pleasantville, NY 15,500,00015.5m $15.2m $15.2m 9.32% New
12 AVIVA PLC 0.05% of their portfolio LONDON, X0 15,000,00015.0m $14.5m $14.5m 0.05% Reduced -10.0m -10,000,000
13 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 13,995,00014.0m $13.6m $13.6m 0.01% Unchanged
14 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 13,768,00013.8m $13.4m $13.4m 0.02% Reduced -10.6m -10,578,000
15 Centiva Capital, LP 0.76% of their portfolio New York, NY 12,500,00012.5m $12.1m $12.1m 0.76% New
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,333,00012.3m $12.0m $12.0m 0.00% Reduced -3.5m -3,500,000
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 11,684,00011.7m $11.3m $11.3m 0.00% Added +3.3m +3,284,000
18 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 10,000,00010.0m $9.7m $9.7m 0.01% Reduced -500.0k -500,000
19 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 9,500,0009.5m $9.2m $9.2m 0.02% Unchanged
20 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 9,100,0009.1m $8.8m $8.8m 0.02% Added +1.1m +1,100,000
21 Segantii Capital Management Ltd 0.44% of their portfolio HONG KONG, K3 7,500,0007.5m $7.3m $7.3m 0.44% Reduced -5.0m -5,000,000
22 PIPER SANDLER & CO. 5.20% of their portfolio MINNEAPOLIS, MN 7,100,0007.1m $6.9m $6.9m 5.20% New
23 Radcliffe Capital Management, L.P. 0.83% of their portfolio BALA CYNWYD, PA 6,402,0006.4m $6.2m $6.2m 0.83% Unchanged
24 PALISADE CAPITAL MANAGEMENT, LP 0.16% of their portfolio FORT LEE, NJ 6,349,0006.3m $6.2m $6.2m 0.16% Reduced -32.0k -32,000
25 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 6,000,0006.0m $5.8m $5.8m 0.00% Reduced -1.7m -1,700,000
26 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5,300,0005.3m $5.1m $5.1m 0.00% New
27 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 4,513,0004.5m $4.4m $4.4m 0.01% Unchanged
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,429,0004.4m $4.3m $4.3m 0.00% Added +309.0k +309,000
29 BlackRock Inc. 0.00% of their portfolio New York, NY 4,047,0004.0m $3.9m $3.9m 0.00% Unchanged
30 Paloma Partners Management Co 0.63% of their portfolio GREENWICH, CT 3,900,0003.9m $3.8m $3.8m 0.63% New
31 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 3,206,0003.2m $3.1m $3.1m 0.00% New
32 Jefferies Financial Group Inc. 0.05% of their portfolio NEW YORK, NY 3,136,0003.1m $3.0m $3.0m 0.05% Reduced -3.9m -3,910,000
33 SSI INVESTMENT MANAGEMENT LLC 0.20% of their portfolio Los Angeles, CA 2,750,0002.8m $2.7m $2.7m 0.20% Added +500.0k +500,000
34 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 2,700,0002.7m $2.6m $2.6m 0.00% Reduced -3.0m -3,000,000
35 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,200,0002.2m $2.1m $2.1m 0.00% Added +2.0m +2,000,000
36 Kohlberg Kravis Roberts & Co. L.P. 0.06% of their portfolio NEW YORK, NY 1,984,0002.0m $1.9m $1.9m 0.06% Reduced -1.1m -1,092,000
37 BOOTHBAY FUND MANAGEMENT, LLC 0.06% of their portfolio NEW YORK, NY 1,742,0001.7m $1.7m $1.7m 0.06% Reduced -102.0k -102,000
38 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,640,0001.6m $1.6m $1.6m 0.00% New
39 Cutler Capital Management, LLC 0.54% of their portfolio WORCESTER, MA 1,350,0001.4m $1.3m $1.3m 0.54% New
40 ABN AMRO INVESTMENT SOLUTIONS 0.02% of their portfolio PARIS CEDEX 008, I0 1,300,0001.3m $1.3m $1.3m 0.02% Reduced -500.0k -500,000
41 Penn Mutual Asset Management 0.95% of their portfolio Conshohocken, PA 1,265,0001.3m $1.2m $1.2m 0.95% Unchanged
42 Amundi 0.00% of their portfolio Paris, I0 1,120,0001.1m $1.1m $1.1m 0.00% New
43 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,000,0001.0m $971.0k $971.0k 0.00% New
44 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 348,000348.0k $337.9k $337.9k 0.00% Added +200.0k +200,000
45 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $291.3k $291.3k 0.00% Unchanged
46 ZAZOVE ASSOCIATES LLC 0.01% of their portfolio INCLINE VILLAGE, NV 120,000120.0k $117.0k $117.0k 0.01% Unchanged
47 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 34,00034.0k $33.0k $33.0k 0.00% Added +13.0k +13,000
48 Goldstein Advisors, LLC 0.52% of their portfolio Madison, WI 32,00032.0k $3.1m $3.1m 0.52% Added +13.0k +13,000
49 PUTNAM INVESTMENTS LLC 0.00% of their portfolio BOSTON, MA 22,00022.0k $21.4k $21.4k 0.00% Reduced -1.9m -1,922,000
50 LAFFER TENGLER INVESTMENTS, INC. 0.79% of their portfolio Scottsdale, AZ 3,0303.0k $3.0m $3.0m 0.79% Added +1.0k +1,026
51 Candriam S.C.A. 0.02% of their portfolio STRASSEN, N4 2,6002.6k $2.5m $2.5m 0.02% Reduced -800 -800
52 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged