Vault-13

KAMAN CORP KAMN 3.25 05.01.24

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

34 institutional holders +2 vs Q3 2023
32,171,00032.2m shares reported held*
$174.7mreported value*
6 new 5 added 8 reduced 5 sold out net sold ≈ $7.7m (-7.1m 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 ≈ $5.43.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 42Q4 22: 43Q1 23: 38Q2 23: 36Q3 23: 32Q4 23: 3434Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202242
Q4 202243
Q1 202338
Q2 202336
Q3 202332
Q4 202334

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 23Q3 23: 8 bought or addedQ3 23: 13 cut or sold outQ3 23Q4 23: 11 bought or addedQ4 23: 13 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221119
Q1 20231316
Q2 2023711
Q3 2023813
Q4 20231113

Biggest buyers

Fort Baker Capital Management LP New +22,229,000+22.2m
Context Capital Management, LLC Added +18,394,512+18.4m
MACQUARIE GROUP LTD New +8,409,000+8.4m
PIPER SANDLER & CO. New +2,292,000+2.3m
JPMORGAN CHASE & CO Added +2,078,000+2.1m
EPIQ PARTNERS, LLC New +2,000,000+2.0m
OAKTREE CAPITAL MANAGEMENT LP Added +1,226,000+1.2m
SSI INVESTMENT MANAGEMENT LLC Added +250,000+250.0k
Virtus Investment Advisers, LLC New +37,000+37.0k
MORGAN STANLEY Added +16,000+16.0k

Biggest sellers

MACQUARIE GROUP LTD Sold out -26,267,000-26.3m
ZAZOVE ASSOCIATES LLC Reduced -11,292,000-11.3m
LAZARD ASSET MANAGEMENT LLC Reduced -6,487,000-6.5m
Wellesley Asset Management Reduced -3,825,912-3.8m
Chicago Capital Management, LLC Reduced -2,640,326-2.6m
Ameritas Investment Partners, Inc. Reduced -2,240,000-2.2m
Skaana Management L.P. Sold out -2,000,000-2.0m
SEI INVESTMENTS CO Sold out -839,000-839.0k
PRELUDE CAPITAL MANAGEMENT, LLC Sold out -687,000-687.0k
BNP PARIBAS FINANCIAL MARKETS Reduced -610,000-610.0k

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Wellesley Asset Management 2.86% of their portfolio PORTSMOUTH, NH 29,029,95329.0m $28.7m $28.7m 2.86% Reduced -3.8m -3,825,912
2 Fort Baker Capital Management LP 2.76% of their portfolio Larkspur, CA 22,229,00022.2m $22.0m $22.0m 2.76% New
3 Context Capital Management, LLC 1.21% of their portfolio LAJOLLA, CA 18,405,00018.4m $17.9m $17.9m 1.21% Added +18.4m +18,394,512
4 AVIVA PLC 0.06% of their portfolio LONDON, X0 17,250,00017.2m $16.7m $16.7m 0.06% Unchanged
5 OAKTREE CAPITAL MANAGEMENT LP 0.25% of their portfolio LOS ANGELES, CA 16,649,00016.6m $16.2m $16.2m 0.25% Added +1.2m +1,226,000
6 ZAZOVE ASSOCIATES LLC 1.62% of their portfolio INCLINE VILLAGE, NV 13,197,00013.2m $13.0m $13.0m 1.62% Reduced -11.3m -11,292,000
7 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 10,000,00010.0m $9.8m $9.8m 0.01% Reduced -6.5m -6,487,000
8 PALISADE CAPITAL MANAGEMENT, LP 0.23% of their portfolio FORT LEE, NJ 9,018,0009.0m $8.8m $8.8m 0.23% Unchanged
9 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 8,409,0008.4m $8.2m $8.2m 0.01% New
10 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 6,800,0006.8m $6.6m $6.6m 0.01% Unchanged
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,156,0004.2m $4.1m $4.1m 0.00% Added +2.1m +2,078,000
12 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 3,500,0003.5m $3.4m $3.4m 0.00% Unchanged
13 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 3,432,0003.4m $3.4m $3.4m 0.01% Reduced -130.0k -130,000
14 WATER ISLAND CAPITAL LLC 0.30% of their portfolio NEW YORK, NY 3,000,0003.0m $2.9m $2.9m 0.30% Unchanged
15 PIPER SANDLER & CO. 1.68% of their portfolio MINNEAPOLIS, MN 2,292,0002.3m $2.2m $2.2m 1.68% New
16 Ameritas Investment Partners, Inc. 0.08% of their portfolio LINCOLN, NE 2,210,0002.2m $2.1m $2.1m 0.08% Reduced -2.2m -2,240,000
17 SSI INVESTMENT MANAGEMENT LLC 0.15% of their portfolio Los Angeles, CA 2,067,0002.1m $2.0m $2.0m 0.15% Added +250.0k +250,000
18 EPIQ PARTNERS, LLC 1.40% of their portfolio MINNEAPOLIS, MN 2,000,0002.0m $2.0m $2.0m 1.40% New
19 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 786,000786.0k $774.9k $774.9k 0.00% Reduced -610.0k -610,000
20 ARCADIA INVESTMENT MANAGEMENT CORP/MI 0.13% of their portfolio KALAMAZOO, MI 685,000685.0k $674.3k $674.3k 0.13% Reduced -20.0k -20,000
21 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 120,000120.0k $116.4k $116.4k 0.00% Unchanged
22 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 81,00081.0k $78.6k $78.6k 0.00% Unchanged
23 Cetera Advisors LLC 0.00% of their portfolio DENVER, CO 59,00059.0k $57.2k $57.2k 0.00% Unchanged
24 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 37,00037.0k $35.9k $35.9k 0.03% New
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 32,00032.0k $31.0k $31.0k 0.00% Added +16.0k +16,000
26 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 30,00030.0k $29.5k $29.5k 0.00% Unchanged
27 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 15,00015.0k $15.0k $15.0k 0.00% New
28 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 15,00015.0k $14.6k $14.6k 0.00% Unchanged
29 Mariner, LLC 0.00% of their portfolio Overland Park, KS 15,00015.0k $14.7k $14.7k 0.00% Unchanged
30 FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. 0.01% of their portfolio SALINE, MI 13,00013.0k $13.0k $13.0k 0.01% First filing
31 Leisure Capital Management 0.01% of their portfolio COSTA MESA, CA 10,00010.0k $9.8k $9.8k 0.01% Unchanged
32 Chicago Capital Management, LLC 4.21% of their portfolio CHICAGO, IL 2,6742.7k $2.7m $2.7m 4.21% Reduced -2.6m -2,640,326
33 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3737 $35.9k $35.9k 0.00% Unchanged
34 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged