Vault-13

KBR INC KBR 2.5 11.01.23

NOTE 2.500%11/0 · US DOMESTIC · CUSIP 48242WAB2

38 institutional holders +3 vs Q3 2022
18,954,06419.0m shares reported held*
$756.4mreported value*
5 new 11 added 10 reduced 3 sold out net bought ≈ $37.2m (+809.0k 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 ≈ $39.91.

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 35Q4 22: 3838Q3 22Q4 22
Numbers
QuarterHolders
Q3 202235
Q4 202238

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 22 calls: $0Q3 22 puts: $1.3mQ3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$1.3m—
Q4 2022$0$0—

Biggest buyers

Opti Capital Management, LP Added +7,500,000+7.5m
VOYA INVESTMENT MANAGEMENT LLC Added +7,465,000+7.5m
LORD, ABBETT & CO. LLC Added +6,917,000+6.9m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +4,803,000+4.8m
SSI INVESTMENT MANAGEMENT LLC New +4,165,000+4.2m
BANK OF AMERICA CORP /DE/ Added +2,502,000+2.5m
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +2,000,000+2.0m
Thrivent Financial for Lutherans Added +1,000,000+1.0m
PALISADE CAPITAL MANAGEMENT, LP New +1,000,000+1.0m
BlackRock Inc. Added +400,000+400.0k

Biggest sellers

BANK OF NOVA SCOTIA Reduced -14,042,459-14.0m
Man Group plc Reduced -4,527,000-4.5m
BNP PARIBAS FINANCIAL MARKETS Reduced -3,965,000-4.0m
FMR LLC Reduced -3,500,000-3.5m
Warberg Asset Management LLC Reduced -3,190,000-3.2m
JPMORGAN CHASE & CO Reduced -2,877,000-2.9m
WELLS FARGO & COMPANY/MN Sold out -1,503,000-1.5m
Periscope Capital Inc. Reduced -750,000-750.0k
AMERIPRISE FINANCIAL INC Reduced -500,000-500.0k
Bank of New York Mellon Corp Sold out -150,000-150.0k

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CITADEL ADVISORS LLC 0.13% of their portfolio MIAMI, FL 54,250,00054.2m $114.7m $114.7m 0.13% Unchanged
2 Opti Capital Management, LP 7.87% of their portfolio New York, NY 43,150,00043.1m $91.3m $91.3m 7.87% Added +7.5m +7,500,000
3 CAPSTONE INVESTMENT ADVISORS, LLC 1.92% of their portfolio NEW YORK, NY 34,478,00034.5m $72.9m $72.9m 1.92% Unchanged
4 VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio ATLANTA, GA 22,595,00022.6m $47.8m $47.8m 0.06% Added +7.5m +7,465,000
5 TENOR CAPITAL MANAGEMENT Co., L.P. 1.01% of their portfolio NEW YORK, NY 20,053,00020.1m $42.5m $42.5m 1.01% Added +4.8m +4,803,000
6 Man Group plc 0.14% of their portfolio LONDON, X0 18,498,00018.5m $39.1m $39.1m 0.14% Reduced -4.5m -4,527,000
7 LORD, ABBETT & CO. LLC 0.06% of their portfolio JERSEY CITY, NJ 14,840,00014.8m $31.3m $31.3m 0.06% Added +6.9m +6,917,000
8 Thrivent Financial for Lutherans 0.07% of their portfolio Minneapolis, MN 13,288,00013.3m $28.0m $28.0m 0.07% Added +1.0m +1,000,000
9 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 12,000,00012.0m $25.3m $25.3m 0.01% Unchanged
10 Alberta Investment Management Corp 0.22% of their portfolio EDMONTON, A0 12,000,00012.0m $25.4m $25.4m 0.22% Unchanged
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,663,0008.7m $18.3m $18.3m 0.00% Added +375.0k +375,000
12 FMR LLC 0.00% of their portfolio BOSTON, MA 6,727,0006.7m $14.2m $14.2m 0.00% Reduced -3.5m -3,500,000
13 BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio PARIS, I0 6,642,0006.6m $14.0m $14.0m 0.04% Reduced -4.0m -3,965,000
14 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 6,430,0006.4m $13.6m $13.6m 0.00% Unchanged
15 ABSOLUTE INVESTMENT ADVISERS, LLC 1.78% of their portfolio ROSEMARY BEACH, FL 5,620,0005.6m $11.9m $11.9m 1.78% Unchanged
16 SSI INVESTMENT MANAGEMENT LLC 0.56% of their portfolio Los Angeles, CA 4,165,0004.2m $8.8m $8.8m 0.56% New
17 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 3,577,0003.6m $7.5m $7.5m 0.00% Reduced -500.0k -500,000
18 BlackRock Inc. 0.00% of their portfolio New York, NY 3,440,0003.4m $7.3m $7.3m 0.00% Added +400.0k +400,000
19 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 2,757,0002.8m $5.8m $5.8m 0.01% First filing
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,706,0002.7m $5.7m $5.7m 0.00% Added +2.5m +2,502,000
21 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 2,000,0002.0m $4.2m $4.2m 0.01% New
22 ZAZOVE ASSOCIATES LLC 0.24% of their portfolio INCLINE VILLAGE, NV 1,250,0001.2m $2.6m $2.6m 0.24% Unchanged
23 Periscope Capital Inc. 0.11% of their portfolio Toronto, A6 1,250,0001.2m $2.6m $2.6m 0.11% Reduced -750.0k -750,000
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,055,0001.1m $2.2m $2.2m 0.00% Reduced -2.9m -2,877,000
25 PALISADE CAPITAL MANAGEMENT, LP 0.06% of their portfolio FORT LEE, NJ 1,000,0001.0m $2.1m $2.1m 0.06% New
26 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 823,000823.0k $1.7m $1.7m 0.00% Added +57.0k +57,000
27 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 325,000325.0k $681.3k $681.3k 0.00% New
28 Warberg Asset Management LLC 0.17% of their portfolio WINNETKA, IL 266,000266.0k $561.9k $561.9k 0.17% Reduced -3.2m -3,190,000
29 BANK OF NOVA SCOTIA 0.11% of their portfolio TORONTO, A6 206,541206.5k $41.8m $41.8m 0.11% Reduced -14.0m -14,042,459
30 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 114,000114.0k $240.9k $240.9k 0.00% Reduced -3.0k -3,000
31 PIER 88 INVESTMENT PARTNERS LLC 0.06% of their portfolio SAN FRANCISCO, CA 110,000110.0k $232.5k $232.5k 0.06% Unchanged
32 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 83,00083.0k $175.0k $175.0k 0.01% New
33 Boussard & Gavaudan Investment Management LLP 7.42% of their portfolio London, X0 31,06431.1k $65.3m $65.3m 7.42% Added +4.0k +4,000
34 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 12,00012.0k $25.3k $25.3k 0.00% Unchanged
35 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11,00011.0k $23.2k $23.2k 0.00% Added +4.0k +4,000
36 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 3,0003.0k $6.3m $6.3m 0.01% Reduced -14.5k -14,500
37 NATIXIS 0.00% of their portfolio PARIS, I0 2,5282.5k $133.5k $133.5k 0.00% Unchanged
38 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged