Vault-13

JAZZ INVESTMENTS I LTD JAZZ 1.5 08.15.24

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

40 institutional holders -10 vs Q1 2024
7,040,9107.0m shares reported held*
$565.2mreported value*
7 new 12 added 10 reduced 17 sold out net sold ≈ $5.5m (-8.7m 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 ≈ $80.28.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 42Q4 22: 45Q1 23: 52Q2 23: 56Q3 23: 50Q4 23: 52Q1 24: 50Q2 24: 4040Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202242
Q4 202245
Q1 202352
Q2 202356
Q3 202350
Q4 202352
Q1 202450
Q2 202440

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 outQ2 23: 22 bought or addedQ2 23: 15 cut or sold outQ2 23Q3 23: 15 bought or addedQ3 23: 27 cut or sold outQ4 23: 23 bought or addedQ4 23: 28 cut or sold outQ4 23Q1 24: 18 bought or addedQ1 24: 30 cut or sold outQ2 24: 19 bought or addedQ2 24: 27 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222119
Q1 20232017
Q2 20232215
Q3 20231527
Q4 20232328
Q1 20241830
Q2 20241927

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. Added +28,048,000+28.0m
PIPER SANDLER & CO. Added +20,096,000+20.1m
Daiwa Securities Group Inc. New +17,000,000+17.0m
LAZARD ASSET MANAGEMENT LLC Added +13,922,000+13.9m
GLAZER CAPITAL, LLC New +13,887,000+13.9m
Crossingbridge Advisors, LLC Added +10,000,000+10.0m
Radcliffe Capital Management, L.P. Added +7,560,000+7.6m
WATER ISLAND CAPITAL LLC New +3,000,000+3.0m
OSTERWEIS CAPITAL MANAGEMENT INC Added +3,000,000+3.0m
WELLS FARGO & COMPANY/MN Added +2,000,000+2.0m

Biggest sellers

SONA ASSET MANAGEMENT (US) LLC Sold out -35,000,000-35.0m
FRANKLIN RESOURCES INC Reduced -33,600,000-33.6m
MOORE CAPITAL MANAGEMENT, LP Sold out -20,365,000-20.4m
Thrivent Financial for Lutherans Sold out -9,500,000-9.5m
Shaolin Capital Management LLC Sold out -8,000,000-8.0m
SCHRODER INVESTMENT MANAGEMENT GROUP Sold out -4,000,000-4.0m
Paloma Partners Management Co Sold out -3,900,000-3.9m
MILLENNIUM MANAGEMENT LLC Reduced -3,500,000-3.5m
Jefferies Financial Group Inc. Sold out -3,256,000-3.3m
III Capital Management Sold out -2,500,000-2.5m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.38% of their portfolio NEW YORK, NY 87,773,00087.8m $87.8m $87.8m 1.38% Added +28.0m +28,048,000
2 CAPSTONE INVESTMENT ADVISORS, LLC 1.59% of their portfolio NEW YORK, NY 73,231,00073.2m $72.9m $72.9m 1.59% Unchanged
3 OSTERWEIS CAPITAL MANAGEMENT INC 3.62% of their portfolio SAN FRANCISCO, CA 70,510,00070.5m $70.2m $70.2m 3.62% Added +3.0m +3,000,000
4 ARISTEIA CAPITAL, L.L.C. 1.68% of their portfolio GREENWICH, CT 45,391,00045.4m $45.2m $45.2m 1.68% Unchanged
5 LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 36,579,00036.6m $36.4m $36.4m 0.05% Added +13.9m +13,922,000
6 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 30,000,00030.0m $29.8m $29.8m 0.02% Reduced -3.5m -3,500,000
7 PIPER SANDLER & CO. 21.07% of their portfolio MINNEAPOLIS, MN 27,196,00027.2m $27.0m $27.0m 21.07% Added +20.1m +20,096,000
8 Crossingbridge Advisors, LLC 15.08% of their portfolio PLEASANTVILLE, NY 25,500,00025.5m $25.5m $25.5m 15.08% Added +10.0m +10,000,000
9 Radcliffe Capital Management, L.P. 4.16% of their portfolio BALA CYNWYD, PA 21,324,00021.3m $21.2m $21.2m 4.16% Added +7.6m +7,560,000
10 Daiwa Securities Group Inc. 0.09% of their portfolio CHIYODA-KU,TOKYO, M0 17,000,00017.0m $16.9m $16.9m 0.09% New
11 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 14,750,00014.8m $14.7m $14.7m 0.00% Reduced -33.6m -33,600,000
12 Man Group plc 0.04% of their portfolio LONDON, X0 14,520,00014.5m $14.4m $14.4m 0.04% Reduced -730.0k -730,000
13 GLAZER CAPITAL, LLC 1.07% of their portfolio New York, NY 13,887,00013.9m $13.8m $13.8m 1.07% New
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,333,00012.3m $12.3m $12.3m 0.00% Unchanged
15 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 12,284,00012.3m $12.2m $12.2m 0.00% Added +1.2m +1,200,000
16 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 10,000,00010.0m $9.9m $9.9m 0.01% Unchanged
17 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 9,815,0009.8m $9.8m $9.8m 0.02% Reduced -700.0k -700,000
18 AVIVA PLC 0.02% of their portfolio LONDON, X0 9,000,0009.0m $8.9m $8.9m 0.02% Unchanged
19 PALISADE CAPITAL MANAGEMENT, LP 0.17% of their portfolio FORT LEE, NJ 6,133,0006.1m $6.1m $6.1m 0.17% Reduced -186.0k -186,000
20 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 6,000,0006.0m $6.0m $6.0m 0.00% Added +500.0k +500,000
21 WATER ISLAND CAPITAL LLC 0.31% of their portfolio NEW YORK, NY 3,000,0003.0m $3.0m $3.0m 0.31% New
22 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 3,000,0003.0m $3.0m $3.0m 0.01% Unchanged
23 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,200,0002.2m $2.2m $2.2m 0.00% Added +2.0m +2,000,000
24 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 2,010,0002.0m $2.0m $2.0m 0.01% Added +890.0k +890,000
25 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 1,920,0001.9m $1.9m $1.9m 0.00% Added +120.0k +120,000
26 SSI INVESTMENT MANAGEMENT LLC 0.13% of their portfolio Los Angeles, CA 1,750,0001.8m $1.7m $1.7m 0.13% Reduced -1.0m -1,000,000
27 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,700,0001.7m $1.7m $1.7m 0.00% Added +654.0k +654,000
28 Cutler Capital Management, LLC 0.60% of their portfolio WORCESTER, MA 1,540,0001.5m $1.5m $1.5m 0.60% Unchanged
29 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,125,0001.1m $1.1m $1.1m 0.00% Reduced -784.0k -784,000
30 Kohlberg Kravis Roberts & Co. L.P. 0.03% of their portfolio NEW YORK, NY 1,000,0001.0m $995.0k $995.0k 0.03% New
31 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 810,000810.0k $805.1k $805.1k 0.00% Unchanged
32 Amundi 0.00% of their portfolio Paris, I0 770,000770.0k $765.4k $765.4k 0.00% Reduced -200.0k -200,000
33 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 348,000348.0k $346.1k $346.1k 0.00% Unchanged
34 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 90,00090.0k $89.5k $89.5k 0.00% New
35 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 75,00075.0k $74.6k $74.6k 0.00% New
36 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 19,00019.0k $18.9k $18.9k 0.00% Reduced -7.0k -7,000
37 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 15,00015.0k $14.0k $14.0k 0.00% Unchanged
38 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 3,1963.2k $341.0k $341.0k 0.00% New
39 LAFFER TENGLER INVESTMENTS, INC. 0.59% of their portfolio Scottsdale, AZ 2,7142.7k $2.7m $2.7m 0.59% Reduced -202 -202
40 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged