Vault-13

KAMAN CORP KAMN 3.25 05.01.24

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

36 institutional holders -2 vs Q1 2023
14,480,04214.5m shares reported held*
$177.0mreported value*
3 new 4 added 6 reduced 5 sold out net sold ≈ $15.4m (+230.0k 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 ($665.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.27.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 42Q4 22: 43Q1 23: 38Q2 23: 3636Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202242
Q4 202243
Q1 202338
Q2 202336

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 23Q2 23: 7 bought or addedQ2 23: 11 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221119
Q1 20231316
Q2 2023711

Biggest buyers

LAZARD ASSET MANAGEMENT LLC Added +2,160,000+2.2m
BNP PARIBAS FINANCIAL MARKETS New +1,396,000+1.4m
OAKTREE CAPITAL MANAGEMENT LP Added +848,000+848.0k
Russell Investments Group, Ltd. Added +252,000+252.0k
Thrivent Financial for Lutherans Added +200,000+200.0k
Cerity Partners LLC New +30,000+30.0k
Context Capital Management, LLC New +10,637+10.6k

Biggest sellers

Birch Grove Capital LP Sold out -7,725,000-7.7m
Wellesley Asset Management Reduced -7,034,040-7.0m
Walleye Capital LLC Sold out -1,250,000-1.2m
MORGAN STANLEY Reduced -1,243,000-1.2m
ZAZOVE ASSOCIATES LLC Reduced -1,068,000-1.1m
PROSPECTOR PARTNERS LLC Sold out -1,000,000-1.0m
JPMORGAN CHASE & CO Reduced -858,000-858.0k
WOLVERINE ASSET MANAGEMENT LLC Sold out -331,000-331.0k
PALISADE CAPITAL MANAGEMENT, LP Reduced -210,000-210.0k
ADVENT CAPITAL MANAGEMENT /DE/ Sold out -40,000-40.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Wellesley Asset Management 2.56% of their portfolio PORTSMOUTH, NH 32,458,10632.5m $31.5m $31.5m 2.56% Reduced -7.0m -7,034,040
2 ZAZOVE ASSOCIATES LLC 2.49% of their portfolio INCLINE VILLAGE, NV 28,284,00028.3m $27.3m $27.3m 2.49% Reduced -1.1m -1,068,000
3 MACQUARIE GROUP LTD 0.03% of their portfolio Sydney, NSW 2000, C3 26,267,00026.3m $25.4m $25.4m 0.03% Unchanged
4 AVIVA PLC 0.07% of their portfolio LONDON, X0 17,250,00017.2m $16.6m $16.6m 0.07% Unchanged
5 OAKTREE CAPITAL MANAGEMENT LP 0.18% of their portfolio LOS ANGELES, CA 13,497,00013.5m $13.1m $13.1m 0.18% Added +848.0k +848,000
6 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 9,898,0009.9m $9.6m $9.6m 0.01% Added +2.2m +2,160,000
7 PALISADE CAPITAL MANAGEMENT, LP 0.23% of their portfolio FORT LEE, NJ 9,045,0009.0m $8.8m $8.8m 0.23% Reduced -210.0k -210,000
8 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 6,900,0006.9m $6.6m $6.6m 0.02% Added +200.0k +200,000
9 Ameritas Investment Partners, Inc. 0.16% of their portfolio LINCOLN, NE 4,450,0004.5m $4.3m $4.3m 0.16% Unchanged
10 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 3,500,0003.5m $3.4m $3.4m 0.00% Unchanged
11 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 3,108,0003.1m $3.0m $3.0m 0.01% Added +252.0k +252,000
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 0.27% of their portfolio NEW YORK, NY 3,000,0003.0m $2.9m $2.9m 0.27% Unchanged
14 Chicago Capital Management, LLC 3.71% of their portfolio CHICAGO, IL 3,000,0003.0m $2.9m $2.9m 3.71% Unchanged
15 SSI INVESTMENT MANAGEMENT LLC 0.12% of their portfolio Los Angeles, CA 1,817,0001.8m $1.7m $1.7m 0.12% Unchanged
16 ABSOLUTE INVESTMENT ADVISERS, LLC 0.22% of their portfolio ROSEMARY BEACH, FL 1,608,0001.6m $1.5m $1.5m 0.22% Unchanged
17 CAMDEN ASSET MANAGEMENT L P /CA 0.05% of their portfolio Los Angeles, CA 1,550,0001.6m $1.5m $1.5m 0.05% Unchanged
18 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,396,0001.4m $1.3m $1.3m 0.00% New
19 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 839,000839.0k $808.0k $808.0k 0.00% Unchanged
20 PRELUDE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio NEW YORK, NY 687,000687.0k $665.0k $665.0k 0.06% Unchanged
21 ARCADIA INVESTMENT MANAGEMENT CORP/MI 0.09% of their portfolio KALAMAZOO, MI 440,000440.0k $427.2k $427.2k 0.09% Unchanged
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 390,000390.0k $381.7k $381.7k 0.00% Reduced -858.0k -858,000
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 138,000138.0k $132.9k $132.9k 0.00% Reduced -1.2m -1,243,000
24 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 120,000120.0k $115.6k $115.6k 0.00% Unchanged
25 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 81,00081.0k $78.0k $78.0k 0.00% Unchanged
26 Cetera Advisors LLC 0.00% of their portfolio DENVER, CO 65,00065.0k $62.6k $62.6k 0.00% Unchanged
27 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 42,00042.0k $40.4k $40.4k 0.00% Unchanged
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 37,00037.0k $36.0k $36.0k 0.00% Reduced -28.0k -28,000
29 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 30,00030.0k $29.1k $29.1k 0.00% New
30 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 15,00015.0k $14.4k $14.4k 0.00% Unchanged
31 Mariner, LLC 0.00% of their portfolio Overland Park, KS 15,00015.0k $14.5k $14.5k 0.00% Unchanged
32 Context Capital Management, LLC 0.93% of their portfolio LAJOLLA, CA 10,63710.6k $10.3m $10.3m 0.93% New
33 Leisure Capital Management 0.01% of their portfolio COSTA MESA, CA 10,00010.0k $9.7k $9.7k 0.01% Unchanged
34 Rehmann Capital Advisory Group 0.00% of their portfolio LANSING, MI 4242 $40.4k $40.4k 0.00% Unchanged
35 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3737 $35.6k $35.6k 0.00% Unchanged
36 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged