Vault-13

MANNKIND CORP MNKD 2.5 03.01.26

NOTE 2.500% 3/0 · US DOMESTIC · CUSIP 56400PAQ5

19 institutional holders +2 vs Q1 2023
9,000,0009.0m shares reported held*
$242.4mreported value*
2 new 4 added 7 reduced 1 sold out net sold ≈ $11.5m

* 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 ($3.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.31.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

01020Q3 22: 19Q4 22: 17Q1 23: 17Q2 23: 1919Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202219
Q4 202217
Q1 202317
Q2 202319

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q4 22: 8 bought or addedQ4 22: 9 cut or sold outQ4 22Q1 23: 4 bought or addedQ1 23: 7 cut or sold outQ1 23Q2 23: 6 bought or addedQ2 23: 8 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202289
Q1 202347
Q2 202368

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: $0Q4 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$0—
Q1 2023$0$20.6m—
Q2 2023$0$0—

Biggest buyers

WOLVERINE ASSET MANAGEMENT LLC Added +13,743,000+13.7m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +11,500,000+11.5m
CSS LLC/IL Added +11,000,000+11.0m
Opti Capital Management, LP New +10,000,000+10.0m
JPMORGAN CHASE & CO New +436,000+436.0k
Context Capital Management, LLC Added +6,500+6.5k

Biggest sellers

LAZARD ASSET MANAGEMENT LLC Reduced -17,500,000-17.5m
ROYAL BANK OF CANADA Sold out -16,743,000-16.7m
Linden Advisors LP Reduced -11,000,000-11.0m
DeepCurrents Investment Group LLC Reduced -9,400,000-9.4m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -2,000,000-2.0m
NOMURA HOLDINGS INC Reduced -510,575-510.6k
PALISADE CAPITAL MANAGEMENT, LP Reduced -412,000-412.0k
Verition Fund Management LLC Reduced -2,873-2.9k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WOLVERINE ASSET MANAGEMENT LLC 0.69% of their portfolio CHICAGO, IL 34,943,00034.9m $36.4m $36.4m 0.69% Added +13.7m +13,743,000
2 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 32,500,00032.5m $34.8m $34.8m 0.04% Reduced -17.5m -17,500,000
3 TENOR CAPITAL MANAGEMENT Co., L.P. 0.67% of their portfolio NEW YORK, NY 30,000,00030.0m $31.9m $31.9m 0.67% Added +11.5m +11,500,000
4 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.40% of their portfolio NEW YORK, NY 23,000,00023.0m $24.0m $24.0m 1.40% Reduced -2.0m -2,000,000
5 CSS LLC/IL 1.22% of their portfolio CHICAGO, IL 15,000,00015.0m $15.8m $15.8m 1.22% Added +11.0m +11,000,000
6 CAPSTONE INVESTMENT ADVISORS, LLC 0.47% of their portfolio NEW YORK, NY 15,000,00015.0m $16.1m $16.1m 0.47% Unchanged
7 Davidson Kempner Capital Management LP 0.28% of their portfolio New York, NY 12,500,00012.5m $13.2m $13.2m 0.28% Not comparable
8 DeepCurrents Investment Group LLC 0.48% of their portfolio NEW YORK, NY 10,600,00010.6m $11.1m $11.1m 0.48% Reduced -9.4m -9,400,000
9 Opti Capital Management, LP 0.90% of their portfolio New York, NY 10,000,00010.0m $10.6m $10.6m 0.90% New
10 ABSOLUTE INVESTMENT ADVISERS, LLC 1.33% of their portfolio ROSEMARY BEACH, FL 9,000,0009.0m $9.4m $9.4m 1.33% Unchanged
11 Graham Capital Management, L.P. 0.21% of their portfolio ROWAYTON, CT 5,900,0005.9m $6.3m $6.3m 0.21% Unchanged
12 Ayrton Capital LLC 31.41% of their portfolio Westport, CT 4,750,0004.8m $5.0m $5.0m 31.41% Unchanged
13 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 2,882,6622.9m $114.7k $114.7k 0.00% Reduced -510.6k -510,575
14 Linden Advisors LP 0.03% of their portfolio New York, NY 2,500,0002.5m $2.6m $2.6m 0.03% Reduced -11.0m -11,000,000
15 PALISADE CAPITAL MANAGEMENT, LP 0.05% of their portfolio FORT LEE, NJ 1,911,0001.9m $2.0m $2.0m 0.05% Reduced -412.0k -412,000
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 436,000436.0k $454.5k $454.5k 0.00% New
17 Context Capital Management, LLC 2.03% of their portfolio LAJOLLA, CA 21,36021.4k $22.5m $22.5m 2.03% Added +6.5k +6,500
18 Verition Fund Management LLC 0.05% of their portfolio GREENWICH, CT 3,2383.2k $3.5m $3.5m 0.05% Reduced -2.9k -2,873
19 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged