Vault-13

LENDINGTREE INC TREE 0.5 07.15.25

NOTE 0.500% 7/1 · US DOMESTIC · CUSIP 52603BAD9

34 institutional holders -10 vs Q1 2023
107,000107.0k shares reported held*
$287.0mreported value*
1 new 10 added 7 reduced 12 sold out net sold ≈ $20.2m (-12.9m 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 ≈ $2682.24.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 52Q4 22: 47Q1 23: 44Q2 23: 3434Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202252
Q4 202247
Q1 202344
Q2 202334

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 15 bought or addedQ4 22: 22 cut or sold outQ4 22Q1 23: 17 bought or addedQ1 23: 24 cut or sold outQ1 23Q2 23: 11 bought or addedQ2 23: 19 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221522
Q1 20231724
Q2 20231119

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $0Q4 22 puts: $3.3mQ4 22P/C —Q1 23 calls: $0Q1 23 puts: $20.6mQ1 23P/C —Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$3.3m—
Q1 2023$0$20.6m—
Q2 2023$0$0—

Biggest buyers

Linden Advisors LP Added +28,617,000+28.6m
AQR Arbitrage LLC Added +11,650,000+11.7m
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) Added +9,000,000+9.0m
SILVERBACK ASSET MANAGEMENT LLC Added +5,454,000+5.5m
Alden Global Capital LLC New +4,682,000+4.7m
STATE STREET CORP Added +2,300,000+2.3m
GABELLI FUNDS LLC Added +1,000,000+1.0m
ARISTEIA CAPITAL, L.L.C. Added +966,000+966.0k
AGF MANAGEMENT LTD Added +450,000+450.0k
GOLDMAN SACHS GROUP INC Added +400,000+400.0k

Biggest sellers

FMR LLC Reduced -27,090,000-27.1m
Luxor Capital Group, LP Reduced -21,700,000-21.7m
CORBYN INVESTMENT MANAGEMENT INC/MD Sold out -13,767,000-13.8m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sold out -7,000,000-7.0m
OAKTREE CAPITAL MANAGEMENT LP Sold out -5,710,000-5.7m
JANE STREET GROUP, LLC Sold out -5,175,000-5.2m
JPMORGAN CHASE & CO Sold out -2,864,000-2.9m
Nuveen Asset Management, LLC Sold out -2,000,000-2.0m
Russell Investments Group, Ltd. Sold out -1,290,000-1.3m
CITIGROUP INC Reduced -1,245,000-1.2m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.61% of their portfolio New York, NY 75,231,00075.2m $58.3m $58.3m 0.61% Added +28.6m +28,617,000
2 FMR LLC 0.00% of their portfolio BOSTON, MA 31,960,00032.0m $24.6m $24.6m 0.00% Reduced -27.1m -27,090,000
3 ARISTEIA CAPITAL, L.L.C. 0.83% of their portfolio GREENWICH, CT 30,500,00030.5m $23.8m $23.8m 0.83% Added +966.0k +966,000
4 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.49% of their portfolio CHICAGO, IL 30,000,00030.0m $23.1m $23.1m 0.49% Added +9.0m +9,000,000
5 AQR Arbitrage LLC 0.98% of their portfolio Greenwich, CT 29,237,00029.2m $22.8m $22.8m 0.98% Added +11.7m +11,650,000
6 LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 28,600,00028.6m $22.3m $22.3m 0.03% Reduced -400.0k -400,000
7 OSTERWEIS CAPITAL MANAGEMENT INC 1.45% of their portfolio SAN FRANCISCO, CA 28,017,00028.0m $21.9m $21.9m 1.45% Unchanged
8 Luxor Capital Group, LP 1.98% of their portfolio NEW YORK, NY 23,700,00023.7m $18.2m $18.2m 1.98% Reduced -21.7m -21,700,000
9 SILVERBACK ASSET MANAGEMENT LLC 2.05% of their portfolio DURHAM, NC 19,454,00019.5m $15.0m $15.0m 2.05% Added +5.5m +5,454,000
10 Davidson Kempner Capital Management LP 0.30% of their portfolio New York, NY 18,321,00018.3m $14.1m $14.1m 0.30% Not comparable
11 SSI INVESTMENT MANAGEMENT LLC 0.68% of their portfolio Los Angeles, CA 12,537,00012.5m $9.7m $9.7m 0.68% Unchanged
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,884,00010.9m $8.4m $8.4m 0.00% Added +2.3m +2,300,000
13 GABELLI FUNDS LLC 0.04% of their portfolio Rye, NY 6,550,0006.5m $5.1m $5.1m 0.04% Added +1.0m +1,000,000
14 AGF MANAGEMENT LTD 0.03% of their portfolio TORONTO, A6 5,350,0005.3m $4.1m $4.1m 0.03% Added +450.0k +450,000
15 Alden Global Capital LLC 15.30% of their portfolio BRANDON, FL 4,682,0004.7m $3.6m $3.6m 15.30% New
16 PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.17% of their portfolio EDINA, MN 3,635,0003.6m $2.8m $2.8m 0.17% Reduced -190.0k -190,000
17 CAPSTONE INVESTMENT ADVISORS, LLC 0.08% of their portfolio NEW YORK, NY 3,429,0003.4m $2.7m $2.7m 0.08% Unchanged
18 Fore Capital, LLC 4.19% of their portfolio New York, NY 3,000,0003.0m $2.3m $2.3m 4.19% Unchanged
19 BlackRock Inc. 0.00% of their portfolio New York, NY 2,136,0002.1m $1.6m $1.6m 0.00% Reduced -150.0k -150,000
20 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 900,000900.0k $693.0k $693.0k 0.00% Added +400.0k +400,000
21 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 755,000755.0k $581.4k $581.4k 0.00% Reduced -1.2m -1,245,000
22 Teton Advisors, Inc. 0.11% of their portfolio Rye, NY 500,000500.0k $385.9k $385.9k 0.11% Unchanged
23 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 400,000400.0k $308.7k $308.7k 0.00% Unchanged
24 Seelaus Asset Management LLC 0.11% of their portfolio CHATHAM, NJ 180,000180.0k $139.0k $139.0k 0.11% Unchanged
25 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 156,000156.0k $120.1k $120.1k 0.00% Unchanged
26 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 150,000150.0k $115.5k $115.5k 0.00% Unchanged
27 EDMOND DE ROTHSCHILD HOLDING S.A. 0.00% of their portfolio CHAMBESY, V8 95,00095.0k $73.3k $73.3k 0.00% Unchanged
28 EMFO, LLC 0.06% of their portfolio WESTON, FL 91,00091.0k $70.3k $70.3k 0.06% Unchanged
29 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 45,00045.0k $34.6k $34.6k 0.00% Added +26.0k +26,000
30 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 30,00030.0k $23.4k $23.4k 0.00% Unchanged
31 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 16,00016.0k $12.3k $12.3k 0.00% Unchanged
32 180 WEALTH ADVISORS, LLC 0.00% of their portfolio FEDERAL WAY, WA 12,00012.0k $9.2k $9.2k 0.00% Unchanged
33 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,0001.0k $1.0k $1.0k 0.00% Reduced -15.0k -15,000
34 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged