Vault-13

LCI INDS LCII 1.125 05.15.26

NOTE 1.125% 5/1 · US DOMESTIC · CUSIP 501812AB7

54 institutional holders -2 vs Q1 2023
12,512,03812.5m shares reported held*
$384.3mreported value*
5 new 17 added 16 reduced 7 sold out net sold ≈ $40.4m (-7.4m 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 ≈ $30.72. Options: 0 managers hold calls (— notional), 1 hold puts ($36.3m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 57Q4 22: 53Q1 23: 56Q2 23: 5454Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202257
Q4 202253
Q1 202356
Q2 202354

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 27 bought or addedQ4 22: 20 cut or sold outQ4 22Q1 23: 21 bought or addedQ1 23: 26 cut or sold outQ1 23Q2 23: 22 bought or addedQ2 23: 23 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222720
Q1 20232126
Q2 20232223

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ3 22 calls: $0Q3 22 puts: $1.0mQ3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $36.3mQ2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$1.0m—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$36.3m—

Biggest buyers

MILLENNIUM MANAGEMENT LLC New +13,996,000+14.0m
Wellesley Asset Management Added +8,512,453+8.5m
LAZARD ASSET MANAGEMENT LLC Added +8,172,000+8.2m
DLD Asset Management, LP Added +5,000,000+5.0m
CAMDEN ASSET MANAGEMENT L P /CA Added +2,500,000+2.5m
Segantii Capital Management Ltd Added +2,500,000+2.5m
STATE STREET CORP Added +2,500,000+2.5m
Kohlberg Kravis Roberts & Co. L.P. New +2,500,000+2.5m
CQS (US), LLC Added +2,000,000+2.0m
Worth Venture Partners, LLC Added +1,252,000+1.3m

Biggest sellers

Shaolin Capital Management LLC Sold out -21,500,000-21.5m
CITADEL ADVISORS LLC Sold out -12,294,000-12.3m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -7,780,000-7.8m
JANE STREET GROUP, LLC Reduced -7,554,000-7.6m
III Capital Management Sold out -7,000,000-7.0m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -6,525,000-6.5m
CSS LLC/IL Sold out -6,373,000-6.4m
WELLS FARGO & COMPANY/MN Reduced -4,336,000-4.3m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -4,000,000-4.0m
BARCLAYS PLC Reduced -2,816,000-2.8m

Biggest calls

None

Biggest puts

Shaolin Capital Management LLC New $36.3m37.5m shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Wellesley Asset Management 4.22% of their portfolio PORTSMOUTH, NH 53,606,90953.6m $51.9m $51.9m 4.22% Added +8.5m +8,512,453
2 HIGHBRIDGE CAPITAL MANAGEMENT LLC 2.56% of their portfolio NEW YORK, NY 45,500,00045.5m $44.1m $44.1m 2.56% Reduced -1.5m -1,500,000
3 CAMDEN ASSET MANAGEMENT L P /CA 0.95% of their portfolio Los Angeles, CA 28,575,00028.6m $27.5m $27.5m 0.95% Added +2.5m +2,500,000
4 LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 28,172,00028.2m $27.3m $27.3m 0.03% Added +8.2m +8,172,000
5 AQR Arbitrage LLC 1.15% of their portfolio Greenwich, CT 27,575,00027.6m $26.7m $26.7m 1.15% Reduced -125.0k -125,000
6 DLD Asset Management, LP 2.57% of their portfolio NEW YORK, NY 19,625,00019.6m $19.1m $19.1m 2.57% Added +5.0m +5,000,000
7 Segantii Capital Management Ltd 1.00% of their portfolio HONG KONG, K3 17,500,00017.5m $16.9m $16.9m 1.00% Added +2.5m +2,500,000
8 BlackRock Inc. 0.00% of their portfolio New York, NY 15,625,00015.6m $15.0m $15.0m 0.00% Reduced -50.0k -50,000
9 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 13,996,00014.0m $13.5m $13.5m 0.01% New
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,675,00012.7m $12.2m $12.2m 0.00% Added +2.5m +2,500,000
11 TENOR CAPITAL MANAGEMENT Co., L.P. 0.25% of their portfolio NEW YORK, NY 12,500,00012.5m $12.1m $12.1m 0.25% Unchanged
12 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 12,000,00012.0m $11.6m $11.6m 0.04% Unchanged
13 Magnetar Financial LLC 0.25% of their portfolio EVANSTON, IL 11,744,00011.7m $11.3m $11.3m 0.25% Reduced -2.8m -2,750,000
14 SHENKMAN CAPITAL MANAGEMENT INC 0.68% of their portfolio NEW YORK, NY 9,067,0009.1m $8.8m $8.8m 0.68% Reduced -6.5m -6,525,000
15 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 7,595,0007.6m $7.3m $7.3m 0.01% Reduced -7.8m -7,780,000
16 Daiwa Securities Group Inc. 0.05% of their portfolio CHIYODA-KU,TOKYO, M0 7,500,0007.5m $7.3m $7.3m 0.05% Unchanged
17 BOOTHBAY FUND MANAGEMENT, LLC 0.22% of their portfolio NEW YORK, NY 7,261,0007.3m $7.0m $7.0m 0.22% Added +1.1m +1,104,000
18 ABSOLUTE INVESTMENT ADVISERS, LLC 0.98% of their portfolio ROSEMARY BEACH, FL 7,210,0007.2m $7.0m $7.0m 0.98% Added +24.0k +24,000
19 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 7,000,0007.0m $6.7m $6.7m 0.00% Unchanged
20 CQS (US), LLC 0.82% of their portfolio NEW YORK, NY 7,000,0007.0m $6.8m $6.8m 0.82% Added +2.0m +2,000,000
21 Walleye Capital LLC 0.10% of their portfolio NEW YORK, NY 6,000,0006.0m $5.8m $5.8m 0.10% Unchanged
22 CAPSTONE INVESTMENT ADVISORS, LLC 0.14% of their portfolio NEW YORK, NY 4,750,0004.8m $4.6m $4.6m 0.14% Reduced -4.0m -4,000,000
23 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 4,000,0004.0m $3.9m $3.9m 0.01% Reduced -7.6m -7,554,000
24 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 3,820,0003.8m $3.7m $3.7m 0.01% Reduced -1.6m -1,588,000
25 Parallax Volatility Advisers, L.P. 0.10% of their portfolio San Francisco, CA 3,084,0003.1m $3.0m $3.0m 0.10% Reduced -2.0m -2,000,000
26 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,965,0003.0m $2.9m $2.9m 0.00% Reduced -2.8m -2,816,000
27 Worth Venture Partners, LLC 1.42% of their portfolio FORT LEE, NJ 2,670,0002.7m $2.6m $2.6m 1.42% Added +1.3m +1,252,000
28 Kohlberg Kravis Roberts & Co. L.P. 0.07% of their portfolio NEW YORK, NY 2,500,0002.5m $2.4m $2.4m 0.07% New
29 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,200,0002.2m $2.1m $2.1m 0.00% Unchanged
30 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 1,600,0001.6m $1.4m $1.4m 0.00% Reduced -800.0k -800,000
31 Pinnacle Holdings, LLC 0.62% of their portfolio TULSA, OK 1,440,0001.4m $1.4m $1.4m 0.62% Unchanged
32 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,080,0001.1m $1.0m $1.0m 0.00% Unchanged
33 Liberty Mutual Group Asset Management Inc. 0.25% of their portfolio Boston, MA 1,025,0001.0m $986.6k $986.6k 0.25% Unchanged
34 PALISADE CAPITAL MANAGEMENT, LP 0.02% of their portfolio FORT LEE, NJ 899,000899.0k $867.8k $867.8k 0.02% Reduced -120.0k -120,000
35 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 744,000744.0k $720.8k $720.8k 0.00% Reduced -4.3m -4,336,000
36 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 616,000616.0k $592.9k $592.9k 0.00% Added +416.0k +416,000
37 FMR LLC 0.00% of their portfolio BOSTON, MA 350,000350.0k $336.9k $336.9k 0.00% Reduced -350.0k -350,000
38 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 350,000350.0k $335.8k $335.8k 0.00% Reduced -600.0k -600,000
39 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 234,000234.0k $225.2k $225.2k 0.00% New
40 Man Group plc 0.00% of their portfolio LONDON, X0 230,000230.0k $221.7k $221.7k 0.00% Unchanged
41 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $194.0k $194.0k 0.00% Unchanged
42 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 189,000189.0k $181.9k $181.9k 0.00% Unchanged
43 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 162,650162.7k $206.7k $206.7k 0.00% Added +43.2k +43,240
44 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 150,000150.0k $144.1k $144.1k 0.00% Added +20.0k +20,000
45 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 129,000129.0k $124.2k $124.2k 0.00% Unchanged
46 Cetera Advisors LLC 0.00% of their portfolio DENVER, CO 105,000105.0k $101.1k $101.1k 0.00% Added +70.0k +70,000
47 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 69,00069.0k $66.4k $66.4k 0.00% Added +48.0k +48,000
48 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 49,00049.0k $47.2k $47.2k 0.00% Unchanged
49 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 38,00038.0k $36.6k $36.6k 0.00% Added +20.0k +20,000
50 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 16,00016.0k $15.0k $15.0k 0.00% Unchanged
51 Context Capital Management, LLC 0.35% of their portfolio LAJOLLA, CA 4,0004.0k $3.9m $3.9m 0.35% New
52 Rehmann Capital Advisory Group 0.00% of their portfolio LANSING, MI 3838 $36.6k $36.6k 0.00% Added +20 +20
53 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1212 $11.6k $11.6k 0.00% New
54 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged