Vault-13

LUMENTUM HLDGS INC LITE 0.25 03.15.24

NOTE 0.250% 3/1 · US DOMESTIC · CUSIP 55024UAB5

44 institutional holders +0 vs Q1 2023
13,439,00013.4m shares reported held*
$328.9mreported value*
10 new 11 added 13 reduced 10 sold out net sold ≈ $112.2m (+769.1k 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 ($3.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.76.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 52Q4 22: 49Q1 23: 44Q2 23: 4444Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202252
Q4 202249
Q1 202344
Q2 202344

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 16 bought or addedQ4 22: 22 cut or sold outQ4 22Q1 23: 18 bought or addedQ1 23: 15 cut or sold outQ1 23Q2 23: 21 bought or addedQ2 23: 23 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221622
Q1 20231815
Q2 20232123

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ3 22 calls: $0Q3 22 puts: $3.4mQ3 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: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$3.4m—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$0—

Biggest buyers

Walleye Capital LLC New +19,500,000+19.5m
SONA ASSET MANAGEMENT (US) LLC Added +13,940,000+13.9m
VOYA INVESTMENT MANAGEMENT LLC New +8,500,000+8.5m
CITADEL ADVISORS LLC New +7,000,000+7.0m
Invesco Ltd. New +5,400,000+5.4m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +5,365,000+5.4m
Castle Creek Arbitrage, LLC Added +5,000,000+5.0m
SHENKMAN CAPITAL MANAGEMENT INC New +4,037,000+4.0m
Polar Capital Holdings Plc New +4,000,000+4.0m
BNP PARIBAS FINANCIAL MARKETS Added +2,750,000+2.8m

Biggest sellers

CAPSTONE INVESTMENT ADVISORS, LLC Reduced -33,000,000-33.0m
LMR Partners LLP Sold out -32,300,000-32.3m
D. E. Shaw & Co., Inc. Reduced -31,000,000-31.0m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -16,500,000-16.5m
III Capital Management Sold out -14,100,000-14.1m
GOLDMAN SACHS GROUP INC Sold out -12,165,000-12.2m
FMR LLC Sold out -11,816,000-11.8m
Calamos Advisors LLC Reduced -10,000,000-10.0m
DLD Asset Management, LP Reduced -9,060,000-9.1m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -5,500,000-5.5m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 0.65% of their portfolio NEW YORK, NY 29,065,00029.1m $31.0m $31.0m 0.65% Added +5.4m +5,365,000
2 Castle Creek Arbitrage, LLC 3.83% of their portfolio AVON, CO 28,936,00028.9m $30.9m $30.9m 3.83% Added +5.0m +5,000,000
3 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.77% of their portfolio NEW YORK, NY 28,494,00028.5m $30.4m $30.4m 1.77% Reduced -16.5m -16,500,000
4 CAPSTONE INVESTMENT ADVISORS, LLC 0.83% of their portfolio NEW YORK, NY 26,510,00026.5m $28.2m $28.2m 0.83% Reduced -33.0m -33,000,000
5 SONA ASSET MANAGEMENT (US) LLC 5.20% of their portfolio NEW YORK, NY 20,740,00020.7m $22.3m $22.3m 5.20% Added +13.9m +13,940,000
6 Walleye Capital LLC 0.36% of their portfolio NEW YORK, NY 19,500,00019.5m $20.7m $20.7m 0.36% New
7 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 19,063,00019.1m $20.3m $20.3m 0.03% Reduced -31.0m -31,000,000
8 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 15,567,00015.6m $16.5m $16.5m 0.00% Added +465.0k +465,000
9 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 10,450,00010.4m $11.1m $11.1m 0.02% Unchanged
10 Calamos Advisors LLC 0.05% of their portfolio NAPERVILLE, IL 10,000,00010.0m $10.7m $10.7m 0.05% Reduced -10.0m -10,000,000
11 DLD Asset Management, LP 1.44% of their portfolio NEW YORK, NY 9,990,00010.0m $10.7m $10.7m 1.44% Reduced -9.1m -9,060,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 9,866,0009.9m $10.5m $10.5m 0.00% Added +350.0k +350,000
13 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 8,500,0008.5m $9.0m $9.0m 0.01% New
14 Parallax Volatility Advisers, L.P. 0.29% of their portfolio San Francisco, CA 8,000,0008.0m $8.5m $8.5m 0.29% Reduced -2.0m -2,000,000
15 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 7,000,0007.0m $7.5m $7.5m 0.01% New
16 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 5,400,0005.4m $5.7m $5.7m 0.00% New
17 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 4,750,0004.8m $5.0m $5.0m 0.02% Unchanged
18 PALISADE CAPITAL MANAGEMENT, LP 0.12% of their portfolio FORT LEE, NJ 4,174,0004.2m $4.5m $4.5m 0.12% Reduced -1.7m -1,743,000
19 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 4,088,0004.1m $4.3m $4.3m 0.01% Reduced -2.2m -2,200,000
20 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 4,040,0004.0m $4.3m $4.3m 0.01% Added +2.8m +2,750,000
21 SHENKMAN CAPITAL MANAGEMENT INC 0.33% of their portfolio NEW YORK, NY 4,037,0004.0m $4.3m $4.3m 0.33% New
22 CAMDEN ASSET MANAGEMENT L P /CA 0.15% of their portfolio Los Angeles, CA 4,000,0004.0m $4.2m $4.2m 0.15% Added +1.5m +1,500,000
23 RWC Asset Management LLP 0.21% of their portfolio LONDON, X0 4,000,0004.0m $4.3m $4.3m 0.21% Unchanged
24 Polar Capital Holdings Plc 0.03% of their portfolio London, X0 4,000,0004.0m $4.2m $4.2m 0.03% New
25 BOOTHBAY FUND MANAGEMENT, LLC 0.12% of their portfolio NEW YORK, NY 3,697,0003.7m $4.0m $4.0m 0.12% Reduced -3.9m -3,882,000
26 Paloma Partners Management Co 0.90% of their portfolio GREENWICH, CT 3,660,0003.7m $3.9m $3.9m 0.90% Added +2.0m +1,960,000
27 ADVENT CAPITAL MANAGEMENT /DE/ 0.07% of their portfolio NEW YORK, NY 3,439,0003.4m $3.7m $3.7m 0.07% Reduced -5.5m -5,500,000
28 BlackRock Inc. 0.00% of their portfolio New York, NY 2,560,0002.6m $2.7m $2.7m 0.00% Reduced -50.0k -50,000
29 OAKTREE CAPITAL MANAGEMENT LP 0.02% of their portfolio LOS ANGELES, CA 1,600,0001.6m $1.7m $1.7m 0.02% New
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,571,0001.6m $1.7m $1.7m 0.00% New
31 Worth Venture Partners, LLC 0.80% of their portfolio FORT LEE, NJ 1,358,0001.4m $1.5m $1.5m 0.80% Reduced -388.0k -388,000
32 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,014,5001.0m $1.1m $1.1m 0.00% Added +991.0k +991,000
33 LBP AM SA 0.02% of their portfolio Paris, I0 600,000600.0k $641.6k $641.6k 0.02% Unchanged
34 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 552,000552.0k $585.2k $585.2k 0.00% Unchanged
35 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 500,000500.0k $535.6k $535.6k 0.01% New
36 Linden Advisors LP 0.01% of their portfolio New York, NY 500,000500.0k $533.6k $533.6k 0.01% New
37 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 368,000368.0k $393.1k $393.1k 0.00% Added +362.0k +362,000
38 Man Group plc 0.00% of their portfolio LONDON, X0 108,000108.0k $115.4k $115.4k 0.00% Unchanged
39 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 51,00051.0k $54.0k $54.0k 0.00% Unchanged
40 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 37,00037.0k $39.5k $39.5k 0.00% Added +13.0k +13,000
41 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 5,0005.0k $533.0k $533.0k 0.00% Reduced -11.3k -11,300
42 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,0002.0k $2.0k $2.0k 0.00% Unchanged
43 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 1,0001.0k $1.0k $1.0k 0.00% Unchanged
44 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged