Vault-13

JAZZ INVESTMENTS I LTD JAZZ 2 06.15.26

NOTE 2.000% 6/1 · US DOMESTIC · CUSIP 472145AF8

61 institutional holders +0 vs Q1 2025
10,082,57610.1m shares reported held*
$968.6mreported value*
6 new 12 added 23 reduced 6 sold out net sold ≈ $148.9m (-9.3m 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 ≈ $96.07.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 61Q4 22: 63Q1 23: 62Q2 23: 62Q3 23: 64Q4 23: 68Q1 24: 77Q2 24: 76Q3 24: 75Q4 24: 68Q1 25: 61Q2 25: 6161Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202261
Q4 202263
Q1 202362
Q2 202362
Q3 202364
Q4 202368
Q1 202477
Q2 202476
Q3 202475
Q4 202468
Q1 202561
Q2 202561

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 23: 19 bought or addedQ3 23: 22 cut or sold outQ4 23: 25 bought or addedQ4 23: 31 cut or sold outQ4 23Q1 24: 32 bought or addedQ1 24: 27 cut or sold outQ2 24: 24 bought or addedQ2 24: 44 cut or sold outQ2 24Q3 24: 32 bought or addedQ3 24: 38 cut or sold outQ4 24: 26 bought or addedQ4 24: 37 cut or sold outQ4 24Q1 25: 24 bought or addedQ1 25: 27 cut or sold outQ2 25: 18 bought or addedQ2 25: 29 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231922
Q4 20232531
Q1 20243227
Q2 20242444
Q3 20243238
Q4 20242637
Q1 20252427
Q2 20251829

Biggest buyers

BANK OF MONTREAL /CAN/ Added +46,802,000+46.8m
SONA ASSET MANAGEMENT (US) LLC Added +27,500,000+27.5m
ADVENT CAPITAL MANAGEMENT /DE/ Added +18,759,000+18.8m
Jain Global LLC New +14,500,000+14.5m
LAZARD ASSET MANAGEMENT LLC Added +9,882,000+9.9m
Verition Fund Management LLC New +5,500,000+5.5m
CITIGROUP INC New +5,276,000+5.3m
CSS LLC/IL Added +3,500,000+3.5m
Jefferies Financial Group Inc. Added +3,285,000+3.3m
WELLS FARGO & COMPANY/MN Added +1,550,000+1.6m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -129,165,000-129.2m
MILLENNIUM MANAGEMENT LLC Reduced -45,540,000-45.5m
Balyasny Asset Management L.P. Reduced -45,000,000-45.0m
BNP PARIBAS FINANCIAL MARKETS Reduced -30,366,000-30.4m
MORGAN STANLEY Reduced -7,504,000-7.5m
Ghisallo Capital Management LLC Sold out -6,500,000-6.5m
SUSQUEHANNA ADVISORS GROUP, INC. Reduced -4,640,000-4.6m
TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -4,500,000-4.5m
ZAZOVE ASSOCIATES LLC Reduced -3,995,000-4.0m
JPMORGAN CHASE & CO Reduced -2,592,000-2.6m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.13% of their portfolio ATLANTA, GA 126,165,000126.2m $127.8m $127.8m 0.13% Reduced -129.2m -129,165,000
2 LAZARD ASSET MANAGEMENT LLC 0.15% of their portfolio NEW YORK, NY 104,750,000104.8m $106.1m $106.1m 0.15% Added +9.9m +9,882,000
3 TENOR CAPITAL MANAGEMENT Co., L.P. 1.21% of their portfolio NEW YORK, NY 88,536,00088.5m $89.8m $89.8m 1.21% Reduced -4.5m -4,500,000
4 STEELHEAD PARTNERS LLC 3.04% of their portfolio SEATTLE, WA 59,600,00059.6m $60.4m $60.4m 3.04% Unchanged
5 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 53,500,00053.5m $54.2m $54.2m 0.03% Added +46.8m +46,802,000
6 CSS LLC/IL 3.33% of their portfolio CHICAGO, IL 52,050,00052.0m $52.6m $52.6m 3.33% Added +3.5m +3,500,000
7 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 44,761,00044.8m $45.4m $45.4m 0.01% Unchanged
8 SONA ASSET MANAGEMENT (US) LLC 1.52% of their portfolio NEW YORK, NY 44,500,00044.5m $45.0m $45.0m 1.52% Added +27.5m +27,500,000
9 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 41,612,00041.6m $42.0m $42.0m 0.01% Unchanged
10 TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio NEW YORK, NY 40,500,00040.5m $40.9m $40.9m 0.07% Unchanged
11 Calamos Advisors LLC 0.17% of their portfolio NAPERVILLE, IL 38,133,00038.1m $38.6m $38.6m 0.17% Unchanged
12 MacKay Shields LLC 0.86% of their portfolio New York, NY 26,453,00026.5m $26.8m $26.8m 0.86% Unchanged
13 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 25,234,00025.2m $25.5m $25.5m 0.01% Added +1.6m +1,550,000
14 ADVENT CAPITAL MANAGEMENT /DE/ 0.51% of their portfolio NEW YORK, NY 22,720,00022.7m $23.0m $23.0m 0.51% Added +18.8m +18,759,000
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 19,380,00019.4m $19.6m $19.6m 0.00% Reduced -1.7m -1,700,000
16 Wellesley Asset Management 1.58% of their portfolio PORTSMOUTH, NH 16,280,00016.3m $16.6m $16.6m 1.58% Reduced -1.1m -1,050,000
17 Jain Global LLC 0.23% of their portfolio NEW YORK, NY 14,500,00014.5m $14.7m $14.7m 0.23% New
18 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 12,000,00012.0m $12.1m $12.1m 0.01% Reduced -45.5m -45,540,000
19 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 11,730,00011.7m $11.9m $11.9m 0.01% Added +230.0k +230,000
20 BlackRock, Inc. 0.00% of their portfolio New York, NY 9,922,0009.9m $10.0m $10.0m 0.00% Reduced -550.0k -550,000
21 FMR LLC 0.00% of their portfolio BOSTON, MA 9,260,0009.3m $9.3m $9.3m 0.00% Unchanged
22 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 8,900,0008.9m $9.0m $9.0m 0.00% Reduced -200.0k -200,000
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,330,0007.3m $7.4m $7.4m 0.00% Reduced -7.5m -7,504,000
24 ABSOLUTE INVESTMENT ADVISERS, LLC 0.75% of their portfolio ROSEMARY BEACH, FL 6,000,0006.0m $6.1m $6.1m 0.75% Unchanged
25 Cutler Capital Management, LLC 2.01% of their portfolio WORCESTER, MA 5,730,0005.7m $5.8m $5.8m 2.01% Reduced -50.0k -50,000
26 Verition Fund Management LLC 0.03% of their portfolio GREENWICH, CT 5,500,0005.5m $5.6m $5.6m 0.03% New
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,391,0005.4m $5.5m $5.5m 0.00% Reduced -2.6m -2,592,000
28 Man Group plc 0.01% of their portfolio LONDON, X0 5,292,0005.3m $5.4m $5.4m 0.01% Added +1.0m +1,000,000
29 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 5,276,0005.3m $5.3m $5.3m 0.00% New
30 OSTERWEIS CAPITAL MANAGEMENT INC 0.24% of their portfolio SAN FRANCISCO, CA 5,000,0005.0m $5.1m $5.1m 0.24% Reduced -2.0m -2,000,000
31 SUSQUEHANNA ADVISORS GROUP, INC. 0.00% of their portfolio BALA CYNWYD, PA 5,000,0005.0m $50.4k $50.4k 0.00% Reduced -4.6m -4,640,000
32 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 4,860,0004.9m $4.9m $4.9m 0.01% Unchanged
33 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 4,472,0004.5m $4.5m $4.5m 0.00% Reduced -30.4m -30,366,000
34 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,234,0004.2m $4.3m $4.3m 0.00% Added +650.0k +650,000
35 Jefferies Financial Group Inc. 0.06% of their portfolio NEW YORK, NY 3,863,0003.9m $3.9m $3.9m 0.06% Added +3.3m +3,285,000
36 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 3,200,0003.2m $3.2m $3.2m 0.01% Added +1 +1
37 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 2,500,0002.5m $2.5m $2.5m 0.01% Reduced -45.0m -45,000,000
38 Warberg Asset Management LLC 0.51% of their portfolio WINNETKA, IL 2,035,0002.0m $2.1m $2.1m 0.51% Unchanged
39 FLOSSBACH VON STORCH SE 0.00% of their portfolio COLOGNE, 2M 1,200,0001.2m $1.2m $1.2m 0.00% Reduced -500.0k -500,000
40 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,079,0001.1m $1.1m $1.1m 0.00% Added +750.0k +750,000
41 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 987,000987.0k $996.4k $996.4k 0.00% New
42 Kohlberg Kravis Roberts & Co. L.P. 0.02% of their portfolio NEW YORK, NY 972,000972.0k $984.9k $984.9k 0.02% Unchanged
43 SHENKMAN CAPITAL MANAGEMENT INC 0.10% of their portfolio NEW YORK, NY 939,000939.0k $967.5k $967.5k 0.10% New
44 SSI INVESTMENT MANAGEMENT LLC 0.05% of their portfolio Los Angeles, CA 646,000646.0k $652.1k $652.1k 0.05% Reduced -13.0k -13,000
45 PALISADE CAPITAL MANAGEMENT, LP 0.02% of their portfolio FORT LEE, NJ 619,000619.0k $626.2k $626.2k 0.02% Reduced -941.0k -941,000
46 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 512,000512.0k $519.2k $519.2k 0.00% Unchanged
47 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 500,000500.0k $506.9k $506.9k 0.00% Unchanged
48 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $506.2k $506.2k 0.00% Reduced -800.0k -800,000
49 ZAZOVE ASSOCIATES LLC 0.04% of their portfolio INCLINE VILLAGE, NV 470,000470.0k $476.2k $476.2k 0.04% Reduced -4.0m -3,995,000
50 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 350,000350.0k $356.0k $356.0k 0.00% Unchanged
51 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 312,000312.0k $316.1k $316.1k 0.00% Reduced -200.0k -200,000
52 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 231,000231.0k $233.2k $233.2k 0.00% Unchanged
53 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 205,000205.0k $207.7k $207.7k 0.00% Unchanged
54 ABN AMRO INVESTMENT SOLUTIONS 0.00% of their portfolio PARIS CEDEX 008, I0 200,000200.0k $202.7k $202.7k 0.00% Unchanged
55 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 142,000142.0k $143.3k $143.3k 0.00% Reduced -2.0k -2,000
56 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 15,00015.0k $15.2k $15.2k 0.00% Unchanged
57 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 4,7874.8k $508.0k $508.0k 0.00% Reduced -442 -442
58 Alpine Global Management, LLC 0.58% of their portfolio NEW YORK, NY 2,5002.5k $2.5m $2.5m 0.58% New
59 LAFFER TENGLER INVESTMENTS, INC. 0.41% of their portfolio Scottsdale, AZ 2,2892.3k $2.3m $2.3m 0.41% Reduced -67 -67
60 Candriam S.C.A. 0.00% of their portfolio STRASSEN, N4 200200 $202.7k $202.7k 0.00% Unchanged
61 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged