Vault-13

NIO INC NIO 0.5 02.01.27

NOTE 0.500% 2/0 · GLOBAL · CUSIP 62914VAF3

36 institutional holders -6 vs Q4 2022
6,960,5007.0m shares reported held*
$527.9mreported value*
3 new 13 added 7 reduced 9 sold out net sold ≈ $30.9m (-13.2m 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. Holder counts are more reliable. Implied quarter-end price ≈ $75.85. Options: 0 managers hold calls (— notional), 2 hold puts ($39.5m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 42Q4 22: 42Q1 23: 3636Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202242
Q4 202242
Q1 202336

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 20 bought or addedQ4 22: 16 cut or sold outQ4 22Q1 23: 16 bought or addedQ1 23: 16 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222016
Q1 20231616

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ3 22 calls: $0Q3 22 puts: $10.3mQ3 22P/C —Q4 22 calls: $0Q4 22 puts: $18.7mQ4 22P/C —Q1 23 calls: $0Q1 23 puts: $39.5mQ1 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$10.3m—
Q4 2022$0$18.7m—
Q1 2023$0$39.5m—

Biggest buyers

Linden Advisors LP Added +28,650,000+28.6m
LMR Partners LLP Added +23,000,000+23.0m
MARSHALL WACE, LLP Added +13,500,000+13.5m
Paloma Partners Management Co Added +12,892,000+12.9m
AGF MANAGEMENT LTD Added +2,500,000+2.5m
CITIGROUP INC New +2,347,000+2.3m
Jefferies Financial Group Inc. Added +1,540,000+1.5m
JANE STREET GROUP, LLC Added +1,300,000+1.3m
Catalyst Capital Advisors LLC New +875,000+875.0k
GOLDMAN SACHS GROUP INC Added +530,000+530.0k

Biggest sellers

Diameter Capital Partners LP Sold out -72,500,000-72.5m
Oasis Management Co Ltd. Sold out -16,000,000-16.0m
SMH CAPITAL ADVISORS INC Sold out -14,407,000-14.4m
Weiss Asset Management LP Sold out -7,500,000-7.5m
MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC Sold out -3,700,000-3.7m
D. E. Shaw & Co., Inc. Reduced -3,000,000-3.0m
STATE STREET CORP Reduced -2,500,000-2.5m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -2,000,000-2.0m
ROYAL BANK OF CANADA Reduced -1,541,000-1.5m
DEUTSCHE BANK AG\ Sold out -1,000,000-1.0m

Biggest calls

None

Biggest puts

DAVIDSON KEMPNER PARTNERS First filing $19.8m25.0m shares
Davidson Kempner Capital Management LP Unchanged $19.8m25.0m shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LMR Partners LLP 1.09% of their portfolio LONDON, X0 74,300,00074.3m $59.2m $59.2m 1.09% Added +23.0m +23,000,000
2 VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio ATLANTA, GA 70,775,00070.8m $56.6m $56.6m 0.06% Unchanged
3 D. E. Shaw & Co., Inc. 0.09% of their portfolio New York, NY 69,500,00069.5m $55.8m $55.8m 0.09% Reduced -3.0m -3,000,000
4 Linden Advisors LP 0.58% of their portfolio New York, NY 69,188,00069.2m $55.1m $55.1m 0.58% Added +28.6m +28,650,000
5 MARSHALL WACE, LLP 0.09% of their portfolio LONDON, X0 45,500,00045.5m $36.3m $36.3m 0.09% Added +13.5m +13,500,000
6 Varde Management, L.P. 22.03% of their portfolio New York, NY 38,064,00038.1m $30.3m $30.3m 22.03% Unchanged
7 VR Advisory Services Ltd 7.09% of their portfolio CAMANA BAY, GRAND CAYMAN, E9 27,650,00027.6m $21.8m $21.8m 7.09% Unchanged
8 SOROS FUND MANAGEMENT LLC 0.38% of their portfolio NEW YORK, NY 25,330,00025.3m $20.2m $20.2m 0.38% Unchanged
9 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 16,960,00017.0m $13.4m $13.4m 0.00% Added +530.0k +530,000
10 Paloma Partners Management Co 2.80% of their portfolio GREENWICH, CT 15,892,00015.9m $12.7m $12.7m 2.80% Added +12.9m +12,892,000
11 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 15,299,00015.3m $12.1m $12.1m 0.00% Added +20.0k +20,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 15,200,00015.2m $12.1m $12.1m 0.00% Reduced -2.5m -2,500,000
13 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.54% of their portfolio NEW YORK, NY 15,000,00015.0m $11.6m $11.6m 0.54% Unchanged
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 10,596,00010.6m $8.4m $8.4m 0.00% Reduced -1.5m -1,541,000
15 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 10,199,00010.2m $8.1m $8.1m 0.04% Unchanged
16 Fiera Capital Corp 0.02% of their portfolio MONTREAL, A8 9,299,9999.3m $7.4m $7.4m 0.02% Unchanged
17 CAPSTONE INVESTMENT ADVISORS, LLC 0.20% of their portfolio NEW YORK, NY 8,000,0008.0m $6.4m $6.4m 0.20% Reduced -2.0m -2,000,000
18 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 7,300,0007.3m $5.8m $5.8m 0.01% Unchanged
19 Jefferies Financial Group Inc. 0.12% of their portfolio NEW YORK, NY 6,815,0006.8m $5.5m $5.5m 0.12% Added +1.5m +1,540,000
20 ONTARIO TEACHERS PENSION PLAN BOARD 0.03% of their portfolio Toronto, A6 3,500,0003.5m $2.8m $2.8m 0.03% Unchanged
21 AGF MANAGEMENT LTD 0.02% of their portfolio TORONTO, A6 3,369,0003.4m $2.7m $2.7m 0.02% Added +2.5m +2,500,000
22 Ovata Capital Management Ltd 1.02% of their portfolio HONG KONG, K3 3,000,0003.0m $2.4m $2.4m 1.02% Reduced -1.0m -1,000,000
23 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,347,0002.3m $1.9m $1.9m 0.00% New
24 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 2,000,0002.0m $1.6m $1.6m 0.00% Added +1.3m +1,300,000
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,228,0001.2m $970.2k $970.2k 0.00% Added +12.0k +12,000
26 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,136,0001.1m $875.0k $875.0k 0.00% Added +483.0k +483,000
27 Pinpoint Asset Management Ltd 0.21% of their portfolio HONG KONG, K3 1,000,0001.0m $797.3k $797.3k 0.21% Unchanged
28 Catalyst Capital Advisors LLC 0.02% of their portfolio San Juan, PR 875,000875.0k $700.0k $700.0k 0.02% New
29 Bellecapital International Ltd. 0.09% of their portfolio ZURICH, V8 442,000442.0k $352.4k $352.4k 0.09% Unchanged
30 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 225,000225.0k $177.8k $177.8k 0.00% Unchanged
31 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 101,000101.0k $80.6k $80.6k 0.00% Reduced -284.0k -284,000
32 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 50,50050.5k $40.1m $40.1m 0.05% Added +14.3k +14,300
33 Context Capital Management, LLC 2.10% of their portfolio LAJOLLA, CA 31,26031.3k $25.0m $25.0m 2.10% Added +13.8k +13,750
34 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 24,00024.0k $19.0k $19.0k 0.00% Reduced -3.0k -3,000
35 HPS Investment Partners, LLC 5.86% of their portfolio NEW YORK, NY 11,00011.0k $8.7m $8.7m 5.86% New
36 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged