Vault-13

JAZZ INVESTMENTS I LTD JAZZ 1.5 08.15.24

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

50 institutional holders -2 vs Q4 2023
15,787,91615.8m shares reported held*
$567.4mreported value*
10 new 8 added 18 reduced 12 sold out net sold ≈ $26.8m (-6.4m 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 ($3.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $36.19.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 42Q4 22: 45Q1 23: 52Q2 23: 56Q3 23: 50Q4 23: 52Q1 24: 5050Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202242
Q4 202245
Q1 202352
Q2 202356
Q3 202350
Q4 202352
Q1 202450

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 23Q1 24: 18 bought or addedQ1 24: 30 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222119
Q1 20232017
Q2 20232215
Q3 20231527
Q4 20232328
Q1 20241830

Biggest buyers

OSTERWEIS CAPITAL MANAGEMENT INC Added +41,510,000+41.5m
MILLENNIUM MANAGEMENT LLC New +33,500,000+33.5m
MOORE CAPITAL MANAGEMENT, LP New +20,365,000+20.4m
LAZARD ASSET MANAGEMENT LLC Added +18,144,000+18.1m
ARISTEIA CAPITAL, L.L.C. Added +8,000,000+8.0m
Shaolin Capital Management LLC New +8,000,000+8.0m
Radcliffe Capital Management, L.P. Added +7,362,000+7.4m
TRUIST FINANCIAL CORP New +1,800,000+1.8m
SCHRODER INVESTMENT MANAGEMENT GROUP Added +1,300,000+1.3m
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS New +1,120,000+1.1m

Biggest sellers

III Capital Management Reduced -30,000,000-30.0m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Sold out -26,352,000-26.4m
CITADEL ADVISORS LLC Sold out -21,435,000-21.4m
Cohanzick Management, LLC Sold out -15,500,000-15.5m
VOYA INVESTMENT MANAGEMENT LLC Sold out -13,995,000-14.0m
Centiva Capital, LP Sold out -12,500,000-12.5m
Segantii Capital Management Ltd Sold out -7,500,000-7.5m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Reduced -6,100,000-6.1m
AVIVA PLC Reduced -6,000,000-6.0m
BANK OF AMERICA CORP /DE/ Reduced -5,278,000-5.3m

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CAPSTONE INVESTMENT ADVISORS, LLC 1.34% of their portfolio NEW YORK, NY 73,231,00073.2m $72.3m $72.3m 1.34% Unchanged
2 OSTERWEIS CAPITAL MANAGEMENT INC 3.91% of their portfolio SAN FRANCISCO, CA 67,510,00067.5m $66.6m $66.6m 3.91% Added +41.5m +41,510,000
3 TENOR CAPITAL MANAGEMENT Co., L.P. 0.94% of their portfolio NEW YORK, NY 59,725,00059.7m $59.0m $59.0m 0.94% Unchanged
4 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 48,350,00048.4m $47.7m $47.7m 0.02% Unchanged
5 ARISTEIA CAPITAL, L.L.C. 1.92% of their portfolio GREENWICH, CT 45,391,00045.4m $44.8m $44.8m 1.92% Added +8.0m +8,000,000
6 SONA ASSET MANAGEMENT (US) LLC 2.99% of their portfolio NEW YORK, NY 35,000,00035.0m $34.5m $34.5m 2.99% Unchanged
7 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 33,500,00033.5m $33.0m $33.0m 0.03% New
8 LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 22,657,00022.7m $22.4m $22.4m 0.03% Added +18.1m +18,144,000
9 MOORE CAPITAL MANAGEMENT, LP 0.41% of their portfolio NEW YORK, NY 20,365,00020.4m $20.1m $20.1m 0.41% New
10 Crossingbridge Advisors, LLC 11.59% of their portfolio PLEASANTVILLE, NY 15,500,00015.5m $15.3m $15.3m 11.59% First filing
11 Man Group plc 0.04% of their portfolio LONDON, X0 15,250,00015.2m $15.0m $15.0m 0.04% Reduced -1.4m -1,450,000
12 Radcliffe Capital Management, L.P. 2.61% of their portfolio BALA CYNWYD, PA 13,764,00013.8m $13.5m $13.5m 2.61% Added +7.4m +7,362,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,333,00012.3m $12.2m $12.2m 0.00% Unchanged
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 11,084,00011.1m $10.9m $10.9m 0.00% Reduced -600.0k -600,000
15 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 10,515,00010.5m $10.4m $10.4m 0.02% Reduced -3.3m -3,253,000
16 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 10,000,00010.0m $9.8m $9.8m 0.01% Unchanged
17 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 9,500,0009.5m $9.3m $9.3m 0.02% Unchanged
18 AVIVA PLC 0.03% of their portfolio LONDON, X0 9,000,0009.0m $8.8m $8.8m 0.03% Reduced -6.0m -6,000,000
19 Shaolin Capital Management LLC 0.28% of their portfolio Miami, FL 8,000,0008.0m $7.9m $7.9m 0.28% New
20 PIPER SANDLER & CO. 4.81% of their portfolio MINNEAPOLIS, MN 7,100,0007.1m $7.0m $7.0m 4.81% Unchanged
21 PALISADE CAPITAL MANAGEMENT, LP 0.16% of their portfolio FORT LEE, NJ 6,319,0006.3m $6.2m $6.2m 0.16% Reduced -30.0k -30,000
22 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 5,500,0005.5m $5.4m $5.4m 0.00% Reduced -500.0k -500,000
23 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 4,000,0004.0m $3.9m $3.9m 0.00% Added +1.3m +1,300,000
24 Paloma Partners Management Co 0.56% of their portfolio GREENWICH, CT 3,900,0003.9m $3.9m $3.9m 0.56% Unchanged
25 Jefferies Financial Group Inc. 0.06% of their portfolio NEW YORK, NY 3,256,0003.3m $3.2m $3.2m 0.06% Added +120.0k +120,000
26 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 3,000,0003.0m $2.9m $2.9m 0.01% Reduced -6.1m -6,100,000
27 SSI INVESTMENT MANAGEMENT LLC 0.20% of their portfolio Los Angeles, CA 2,750,0002.8m $2.7m $2.7m 0.20% Unchanged
28 III Capital Management 0.14% of their portfolio BOCA RATON, FL 2,500,0002.5m $2.5m $2.5m 0.14% Reduced -30.0m -30,000,000
29 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,909,0001.9m $1.9m $1.9m 0.00% Reduced -2.5m -2,520,000
30 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 1,800,0001.8m $1.8m $1.8m 0.00% New
31 Cutler Capital Management, LLC 0.60% of their portfolio WORCESTER, MA 1,540,0001.5m $1.5m $1.5m 0.60% Added +190.0k +190,000
32 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 1,120,0001.1m $1.1m $1.1m 0.01% New
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,046,0001.0m $1.0m $1.0m 0.00% New
34 Amundi 0.00% of their portfolio Paris, I0 970,000970.0k $955.9k $955.9k 0.00% Reduced -150.0k -150,000
35 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 810,000810.0k $796.6k $796.6k 0.00% New
36 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 348,000348.0k $343.1k $343.1k 0.00% Unchanged
37 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $295.7k $295.7k 0.00% Unchanged
38 ZAZOVE ASSOCIATES LLC 0.02% of their portfolio INCLINE VILLAGE, NV 240,000240.0k $236.0k $236.0k 0.02% Added +120.0k +120,000
39 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 210,000210.0k $207.3k $207.3k 0.00% New
40 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 200,000200.0k $197.2k $197.2k 0.00% Reduced -2.0m -2,000,000
41 Wellesley Asset Management 0.02% of their portfolio PORTSMOUTH, NH 200,000200.0k $197.5k $197.5k 0.02% New
42 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 200,000200.0k $196.7k $196.7k 0.00% Reduced -800.0k -800,000
43 BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio NEW YORK, NY 134,000134.0k $132.0k $132.0k 0.00% Reduced -1.6m -1,608,000
44 BLUEFIN CAPITAL MANAGEMENT, LLC 0.79% of their portfolio NEW YORK, NY 50,00050.0k $4.9m $4.9m 0.79% New
45 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 26,00026.0k $25.5k $25.5k 0.00% Reduced -6.0k -6,000
46 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 22,00022.0k $21.6k $21.6k 0.00% Reduced -5.3m -5,278,000
47 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 15,00015.0k $14.0k $14.0k 0.00% Reduced -19.0k -19,000
48 LAFFER TENGLER INVESTMENTS, INC. 0.74% of their portfolio Scottsdale, AZ 2,9162.9k $2.9m $2.9m 0.74% Reduced -114 -114
49 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 1,3001.3k $1.3m $1.3m 0.01% Reduced -1.3k -1,300
50 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged