Vault-13

LITHIUM ARGENTINA AG LARCN 1.75 01.15.27

NOTE 1.750% 1/1 · GLOBAL · CUSIP 53680QAA6

17 institutional holders -2 vs Q1 2025
23,289,00023.3m shares reported held*
$168.8mreported value*
0 new 4 added 4 reduced 2 sold out net sold ≈ $13.9m (-7.2m 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 ($3.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $7.39.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q4 22: 18Q1 23: 20Q2 23: 21Q3 23: 20Q4 23: 20Q1 24: 19Q2 24: 17Q3 24: 16Q4 24: 19Q1 25: 19Q2 25: 1717Q4 22Q2 23Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 202218
Q1 202320
Q2 202321
Q3 202320
Q4 202320
Q1 202419
Q2 202417
Q3 202416
Q4 202419
Q1 202519
Q2 202517

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 23: 9 bought or addedQ3 23: 7 cut or sold outQ4 23: 9 bought or addedQ4 23: 10 cut or sold outQ4 23Q1 24: 7 bought or addedQ1 24: 11 cut or sold outQ2 24: 4 bought or addedQ2 24: 7 cut or sold outQ2 24Q3 24: 3 bought or addedQ3 24: 7 cut or sold outQ4 24: 5 bought or addedQ4 24: 4 cut or sold outQ4 24Q1 25: 8 bought or addedQ1 25: 6 cut or sold outQ2 25: 4 bought or addedQ2 25: 6 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202397
Q4 2023910
Q1 2024711
Q2 202447
Q3 202437
Q4 202454
Q1 202586
Q2 202546

Biggest buyers

Verition Fund Management LLC Added +11,055,207+11.1m
Man Group plc Added +6,900,000+6.9m
Linden Advisors LP Added +6,200,000+6.2m
LGT Fund Management Co Ltd. Added +200,000+200.0k

Biggest sellers

Calamos Advisors LLC Sold out -8,083,000-8.1m
Hartree Partners, LP Reduced -7,200,000-7.2m
Tetragon Partners GP Ltd Reduced -6,700,000-6.7m
Weiss Asset Management LP Reduced -6,000,000-6.0m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -1,673,000-1.7m
JANE STREET GROUP, LLC Sold out -275,000-275.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.24% of their portfolio New York, NY 47,355,00047.4m $39.1m $39.1m 0.24% Added +6.2m +6,200,000
2 One Fin Capital Management LP 8.34% of their portfolio San Francisco, CA 29,500,00029.5m $24.7m $24.7m 8.34% Unchanged
3 Weiss Asset Management LP 0.27% of their portfolio BOSTON, MA 20,336,00020.3m $17.0m $17.0m 0.27% Reduced -6.0m -6,000,000
4 Tetragon Partners GP Ltd 2.54% of their portfolio GRAND CAYMAN, E9 16,609,00016.6m $14.1m $14.1m 2.54% Reduced -6.7m -6,700,000
5 CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 3.72% of their portfolio Greenwich, CT 16,000,00016.0m $13.0m $13.0m 3.72% Unchanged
6 DeepCurrents Investment Group LLC 0.45% of their portfolio NEW YORK, NY 14,655,00014.7m $12.3m $12.3m 0.45% Unchanged
7 Helikon Investments Ltd 0.76% of their portfolio LONDON, X0 14,611,00014.6m $12.2m $12.2m 0.76% Unchanged
8 Verition Fund Management LLC 0.05% of their portfolio GREENWICH, CT 11,071,00011.1m $9.0m $9.0m 0.05% Added +11.1m +11,055,207
9 Man Group plc 0.02% of their portfolio LONDON, X0 8,900,0008.9m $7.5m $7.5m 0.02% Added +6.9m +6,900,000
10 Hartree Partners, LP 1.73% of their portfolio NEW YORK, NY 7,289,0007.3m $6.1m $6.1m 1.73% Reduced -7.2m -7,200,000
11 ADVENT CAPITAL MANAGEMENT /DE/ 0.11% of their portfolio NEW YORK, NY 6,114,0006.1m $5.0m $5.0m 0.11% Reduced -1.7m -1,673,000
12 Fore Capital, LLC 6.60% of their portfolio New York, NY 4,060,0004.1m $3.3m $3.3m 6.60% Unchanged
13 Artisan Partners Limited Partnership 0.00% of their portfolio Milwaukee, WI 2,455,0002.5m $2.0m $2.0m 0.00% Unchanged
14 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,650,0001.6m $1.3m $1.3m 0.01% Unchanged
15 LGT Fund Management Co Ltd. 0.11% of their portfolio VADUZ, N2 1,500,0001.5m $1.3m $1.3m 0.11% Added +200.0k +200,000
16 K2 PRINCIPAL FUND, L.P. 0.78% of their portfolio TORONTO, A6 5,0955.1k $4.3m $4.3m 0.78% Unchanged
17 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged