Vault-13

KAMAN CORP KAMN 3.25 05.01.24

NOTE 3.250% 5/0 · US DOMESTIC · CUSIP 483548AF0

38 institutional holders -5 vs Q4 2022
14,250,04214.3m shares reported held*
$178.8mreported value*
3 new 10 added 8 reduced 8 sold out net bought ≈ $24.3m (-27.2m 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 ($651.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.59.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 42Q4 22: 43Q1 23: 3838Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202242
Q4 202243
Q1 202338

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 11 bought or addedQ4 22: 19 cut or sold outQ4 22Q1 23: 13 bought or addedQ1 23: 16 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221119
Q1 20231316

Biggest buyers

Wellesley Asset Management Added +39,453,375+39.5m
MACQUARIE GROUP LTD New +26,267,000+26.3m
OAKTREE CAPITAL MANAGEMENT LP Added +4,665,000+4.7m
Chicago Capital Management, LLC Added +2,999,000+3.0m
SCHRODER INVESTMENT MANAGEMENT GROUP Added +2,500,000+2.5m
PALISADE CAPITAL MANAGEMENT, LP Added +1,500,000+1.5m
Russell Investments Group, Ltd. Added +1,284,000+1.3m
PRELUDE CAPITAL MANAGEMENT, LLC Added +457,000+457.0k
WOLVERINE ASSET MANAGEMENT LLC New +331,000+331.0k
MORGAN STANLEY Added +108,000+108.0k

Biggest sellers

MACQUARIE GROUP LTD Sold out -26,813,000-26.8m
Birch Grove Capital LP Reduced -9,305,000-9.3m
Walleye Capital LLC Reduced -6,000,000-6.0m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -5,721,000-5.7m
BNP PARIBAS FINANCIAL MARKETS Sold out -2,765,000-2.8m
SILVERBACK ASSET MANAGEMENT LLC Sold out -1,107,000-1.1m
ZAZOVE ASSOCIATES LLC Reduced -570,000-570.0k
Ameritas Investment Partners, Inc. Reduced -400,000-400.0k
CAMDEN ASSET MANAGEMENT L P /CA Reduced -300,000-300.0k
Sage Mountain Advisors LLC Sold out -35,000-35.0k

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Wellesley Asset Management 2.79% of their portfolio PORTSMOUTH, NH 39,492,14639.5m $37.8m $37.8m 2.79% Added +39.5m +39,453,375
2 ZAZOVE ASSOCIATES LLC 2.54% of their portfolio INCLINE VILLAGE, NV 29,352,00029.4m $27.9m $27.9m 2.54% Reduced -570.0k -570,000
3 MACQUARIE GROUP LTD 0.03% of their portfolio Sydney, NSW 2000, C3 26,267,00026.3m $24.9m $24.9m 0.03% New
4 AVIVA PLC 0.07% of their portfolio LONDON, X0 17,250,00017.2m $16.3m $16.3m 0.07% Unchanged
5 OAKTREE CAPITAL MANAGEMENT LP 0.13% of their portfolio LOS ANGELES, CA 12,649,00012.6m $12.0m $12.0m 0.13% Added +4.7m +4,665,000
6 PALISADE CAPITAL MANAGEMENT, LP 0.24% of their portfolio FORT LEE, NJ 9,255,0009.3m $8.7m $8.7m 0.24% Added +1.5m +1,500,000
7 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 7,738,0007.7m $7.3m $7.3m 0.01% Unchanged
8 Birch Grove Capital LP 6.70% of their portfolio New York, NY 7,725,0007.7m $7.3m $7.3m 6.70% Reduced -9.3m -9,305,000
9 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 6,700,0006.7m $6.3m $6.3m 0.02% Unchanged
10 Ameritas Investment Partners, Inc. 0.17% of their portfolio LINCOLN, NE 4,450,0004.5m $4.2m $4.2m 0.17% Reduced -400.0k -400,000
11 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 3,500,0003.5m $3.3m $3.3m 0.00% Added +2.5m +2,500,000
12 CONNING INC. 0.10% of their portfolio HARTFORD, CT 3,050,0003.0m $2.9m $2.9m 0.10% Unchanged
13 WATER ISLAND CAPITAL LLC 0.23% of their portfolio NEW YORK, NY 3,000,0003.0m $2.9m $2.9m 0.23% Unchanged
14 Chicago Capital Management, LLC 3.18% of their portfolio CHICAGO, IL 3,000,0003.0m $2.9m $2.9m 3.18% Added +3.0m +2,999,000
15 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 2,856,0002.9m $2.8m $2.8m 0.01% Added +1.3m +1,284,000
16 SSI INVESTMENT MANAGEMENT LLC 0.12% of their portfolio Los Angeles, CA 1,817,0001.8m $1.7m $1.7m 0.12% Unchanged
17 ABSOLUTE INVESTMENT ADVISERS, LLC 0.22% of their portfolio ROSEMARY BEACH, FL 1,608,0001.6m $1.5m $1.5m 0.22% Unchanged
18 CAMDEN ASSET MANAGEMENT L P /CA 0.05% of their portfolio Los Angeles, CA 1,550,0001.6m $1.5m $1.5m 0.05% Reduced -300.0k -300,000
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,381,0001.4m $1.3m $1.3m 0.00% Added +108.0k +108,000
20 Walleye Capital LLC 0.02% of their portfolio NEW YORK, NY 1,250,0001.2m $1.2m $1.2m 0.02% Reduced -6.0m -6,000,000
21 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,248,0001.2m $1.2m $1.2m 0.00% Added +102.0k +102,000
22 PROSPECTOR PARTNERS LLC 0.14% of their portfolio GUILFORD, CT 1,000,0001.0m $943.0k $943.0k 0.14% Unchanged
23 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 839,000839.0k $791.2k $791.2k 0.00% Unchanged
24 PRELUDE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio NEW YORK, NY 687,000687.0k $651.3k $651.3k 0.04% Added +457.0k +457,000
25 ARCADIA INVESTMENT MANAGEMENT CORP/MI 0.09% of their portfolio KALAMAZOO, MI 440,000440.0k $420.6k $420.6k 0.09% Unchanged
26 WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio CHICAGO, IL 331,000331.0k $313.3k $313.3k 0.01% New
27 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 120,000120.0k $113.0k $113.0k 0.00% Unchanged
28 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 81,00081.0k $76.4k $76.4k 0.00% Reduced -12.0k -12,000
29 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 65,00065.0k $65.0k $65.0k 0.00% New
30 Cetera Advisors LLC 0.00% of their portfolio DENVER, CO 65,00065.0k $61.3k $61.3k 0.00% Added +25.0k +25,000
31 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 42,00042.0k $39.6k $39.6k 0.00% Reduced -12.0k -12,000
32 ADVENT CAPITAL MANAGEMENT /DE/ 0.00% of their portfolio NEW YORK, NY 40,00040.0k $37.9k $37.9k 0.00% Reduced -5.7m -5,721,000
33 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 15,00015.0k $14.1k $14.1k 0.00% Unchanged
34 Mariner, LLC 0.00% of their portfolio Overland Park, KS 15,00015.0k $14.0k $14.0k 0.00% Unchanged
35 Leisure Capital Management 0.01% of their portfolio COSTA MESA, CA 10,00010.0k $9.6k $9.6k 0.01% Unchanged
36 Rehmann Capital Advisory Group 0.00% of their portfolio LANSING, MI 4242 $39.6k $39.6k 0.00% Unchanged
37 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3737 $34.9k $34.9k 0.00% Unchanged
38 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged