Vault-13

LCI INDS LCII 1.125 05.15.26

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

53 institutional holders -7 vs Q4 2023
20,715,70720.7m shares reported held*
$464.0mreported value*
9 new 17 added 13 reduced 16 sold out net bought ≈ $10.6m (+8.8m 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 ≈ $22.40.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 57Q4 22: 53Q1 23: 56Q2 23: 54Q3 23: 58Q4 23: 60Q1 24: 5353Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202257
Q4 202253
Q1 202356
Q2 202354
Q3 202358
Q4 202360
Q1 202453

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 23Q3 23: 27 bought or addedQ3 23: 19 cut or sold outQ3 23Q4 23: 27 bought or addedQ4 23: 22 cut or sold outQ4 23Q1 24: 26 bought or addedQ1 24: 29 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222720
Q1 20232126
Q2 20232223
Q3 20232719
Q4 20232722
Q1 20242629

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ2 23 calls: $0Q2 23 puts: $36.3mQ2 23P/C —Q3 23 calls: $0Q3 23 puts: $0Q3 23P/C —Q4 23 calls: $0Q4 23 puts: $0Q4 23P/C —Q1 24 calls: $0Q1 24 puts: $0Q1 24P/C —
Numbers
QuarterCallsPutsP/C
Q2 2023$0$36.3m—
Q3 2023$0$0—
Q4 2023$0$0—
Q1 2024$0$0—

Biggest buyers

III Capital Management Added +28,281,000+28.3m
Linden Advisors LP New +26,280,000+26.3m
Hudson Bay Capital Management LP New +8,780,000+8.8m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +8,600,000+8.6m
Shaolin Capital Management LLC Added +5,875,000+5.9m
OFI INVEST ASSET MANAGEMENT Added +5,800,000+5.8m
MORGAN STANLEY Added +2,139,000+2.1m
JANE STREET GROUP, LLC Added +1,775,000+1.8m
BOOTHBAY FUND MANAGEMENT, LLC Added +1,612,000+1.6m
Cutler Capital Management, LLC New +1,425,000+1.4m

Biggest sellers

Segantii Capital Management Ltd Sold out -14,000,000-14.0m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -8,875,000-8.9m
LMR Partners LLP Sold out -7,500,000-7.5m
MILLENNIUM MANAGEMENT LLC Reduced -7,496,000-7.5m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -7,000,000-7.0m
Kohlberg Kravis Roberts & Co. L.P. Sold out -7,000,000-7.0m
Wellesley Asset Management Reduced -6,848,492-6.8m
Parallax Volatility Advisers, L.P. Reduced -6,000,000-6.0m
LAZARD ASSET MANAGEMENT LLC Reduced -4,876,000-4.9m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -4,000,000-4.0m

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Wellesley Asset Management 6.08% of their portfolio PORTSMOUTH, NH 61,018,00061.0m $60.2m $60.2m 6.08% Reduced -6.8m -6,848,492
2 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.74% of their portfolio NEW YORK, NY 42,000,00042.0m $40.6m $40.6m 1.74% Reduced -4.0m -4,000,000
3 III Capital Management 2.16% of their portfolio BOCA RATON, FL 38,606,00038.6m $38.1m $38.1m 2.16% Added +28.3m +28,281,000
4 Shaolin Capital Management LLC 1.34% of their portfolio Miami, FL 37,875,00037.9m $37.4m $37.4m 1.34% Added +5.9m +5,875,000
5 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 36,624,00036.6m $36.1m $36.1m 0.04% Reduced -4.9m -4,876,000
6 AQR Arbitrage LLC 0.95% of their portfolio Greenwich, CT 27,650,00027.6m $27.3m $27.3m 0.95% Reduced -3.4m -3,400,000
7 Linden Advisors LP 0.21% of their portfolio New York, NY 26,280,00026.3m $25.9m $25.9m 0.21% New
8 TENOR CAPITAL MANAGEMENT Co., L.P. 0.37% of their portfolio NEW YORK, NY 23,100,00023.1m $22.9m $22.9m 0.37% Added +8.6m +8,600,000
9 CAMDEN ASSET MANAGEMENT L P /CA 0.75% of their portfolio Los Angeles, CA 21,000,00021.0m $20.6m $20.6m 0.75% Reduced -8.9m -8,875,000
10 BlackRock Inc. 0.00% of their portfolio New York, NY 16,900,00016.9m $16.6m $16.6m 0.00% Added +625.0k +625,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,725,00010.7m $10.6m $10.6m 0.00% Added +500.0k +500,000
12 Empyrean Capital Partners, LP 0.57% of their portfolio LOS ANGELES, CA 10,000,00010.0m $9.9m $9.9m 0.57% Unchanged
13 Hudson Bay Capital Management LP 0.08% of their portfolio STAMFORD, CT 8,780,0008.8m $8.7m $8.7m 0.08% New
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,544,0008.5m $8.3m $8.3m 0.00% Added +1.4m +1,358,000
15 Walleye Capital LLC 0.09% of their portfolio NEW YORK, NY 8,500,0008.5m $8.4m $8.4m 0.09% Unchanged
16 ABSOLUTE INVESTMENT ADVISERS, LLC 1.12% of their portfolio ROSEMARY BEACH, FL 8,382,0008.4m $8.2m $8.2m 1.12% Added +124.0k +124,000
17 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 8,000,0008.0m $7.9m $7.9m 0.01% Reduced -7.5m -7,496,000
18 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 8,000,0008.0m $7.9m $7.9m 0.02% Unchanged
19 SHENKMAN CAPITAL MANAGEMENT INC 0.48% of their portfolio NEW YORK, NY 6,901,0006.9m $6.8m $6.8m 0.48% Added +326.0k +326,000
20 CAPSTONE INVESTMENT ADVISORS, LLC 0.11% of their portfolio NEW YORK, NY 6,250,0006.2m $6.2m $6.2m 0.11% Reduced -2.0m -2,000,000
21 OFI INVEST ASSET MANAGEMENT 0.30% of their portfolio ISSY LES MOULINEAUX, I0 5,805,8005.8m $11.0m $11.0m 0.30% Added +5.8m +5,800,000
22 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 3,925,0003.9m $3.9m $3.9m 0.00% Added +1.8m +1,775,000
23 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,700,0002.7m $2.6m $2.6m 0.00% Added +500.0k +500,000
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,667,0002.7m $2.6m $2.6m 0.00% Added +2.1m +2,139,000
25 BOOTHBAY FUND MANAGEMENT, LLC 0.06% of their portfolio NEW YORK, NY 2,252,0002.3m $2.2m $2.2m 0.06% Added +1.6m +1,612,000
26 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,767,0001.8m $1.7m $1.7m 0.00% Reduced -1.1m -1,099,000
27 Parallax Volatility Advisers, L.P. 0.04% of their portfolio San Francisco, CA 1,500,0001.5m $1.5m $1.5m 0.04% Reduced -6.0m -6,000,000
28 Cutler Capital Management, LLC 0.55% of their portfolio WORCESTER, MA 1,425,0001.4m $1.4m $1.4m 0.55% New
29 Pinnacle Holdings, LLC 0.48% of their portfolio TULSA, OK 1,230,0001.2m $1.2m $1.2m 0.48% New
30 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,164,0001.2m $1.1m $1.1m 0.00% Reduced -926.0k -926,000
31 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,095,0001.1m $1.1m $1.1m 0.00% Added +15.0k +15,000
32 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,082,0001.1m $1.1m $1.1m 0.00% Added +1.1m +1,072,000
33 Liberty Mutual Group Asset Management Inc. 0.29% of their portfolio Boston, MA 1,025,0001.0m $1.0m $1.0m 0.29% Unchanged
34 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 850,000850.0k $834.7k $834.7k 0.00% Reduced -1.0m -1,000,000
35 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 697,000697.0k $682.8k $682.8k 0.00% Unchanged
36 Man Group plc 0.00% of their portfolio LONDON, X0 430,000430.0k $423.1k $423.1k 0.00% Unchanged
37 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 350,000350.0k $334.4k $334.4k 0.00% Unchanged
38 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 234,000234.0k $229.8k $229.8k 0.00% Unchanged
39 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $192.0k $192.0k 0.00% Unchanged
40 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 171,000171.0k $167.9k $167.9k 0.00% New
41 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 150,000150.0k $146.3k $146.3k 0.00% Unchanged
42 NOMURA HOLDINGS INC 0.13% of their portfolio TOKYO, M0 125,425125.4k $15.4m $15.4m 0.13% Reduced -5.4k -5,443
43 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 47,00047.0k $46.2k $46.2k 0.03% New
44 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 40,19040.2k $226.5k $226.5k 0.00% Added +190 +190
45 FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. 0.03% of their portfolio SALINE, MI 37,00037.0k $36.0k $36.0k 0.03% Added +3.0k +3,000
46 Mason & Associates, LLC 0.03% of their portfolio NEWPORT NEWS, VA 37,00037.0k $36.0k $36.0k 0.03% First filing
47 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 29,00029.0k $28.5k $28.5k 0.00% New
48 COMERICA BANK 0.00% of their portfolio DALLAS, TX 28,00028.0k $27.5k $27.5k 0.00% New
49 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 18,00018.0k $17.7k $17.7k 0.00% Unchanged
50 Capital Investment Advisors, LLC 0.00% of their portfolio ATLANTA, GA 11,00011.0k $10.8k $10.8k 0.00% Unchanged
51 Context Capital Management, LLC 0.19% of their portfolio LAJOLLA, CA 4,0004.0k $4.0m $4.0m 0.19% Reduced -4.0m -3,996,000
52 Intellectus Partners, LLC 0.08% of their portfolio SAN FRANCISCO, CA 292292 $288.0k $288.0k 0.08% New
53 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged