Vault-13

NATERA INC NTRA 2.25 05.01.27

NOTE 2.250% 5/0 · US DOMESTIC · CUSIP 632307AB0

34 institutional holders +0 vs Q1 2024
26,656,34826.7m shares reported held*
$902.2mreported value*
3 new 16 added 6 reduced 3 sold out net sold ≈ $4.2m (-9.0m 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 ($14.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $34.40.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 30Q4 22: 29Q1 23: 27Q2 23: 30Q3 23: 37Q4 23: 32Q1 24: 34Q2 24: 3434Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202230
Q4 202229
Q1 202327
Q2 202330
Q3 202337
Q4 202332
Q1 202434
Q2 202434

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 11 bought or addedQ4 22: 16 cut or sold outQ4 22Q1 23: 7 bought or addedQ1 23: 17 cut or sold outQ2 23: 14 bought or addedQ2 23: 9 cut or sold outQ2 23Q3 23: 14 bought or addedQ3 23: 12 cut or sold outQ4 23: 16 bought or addedQ4 23: 18 cut or sold outQ4 23Q1 24: 17 bought or addedQ1 24: 15 cut or sold outQ2 24: 19 bought or addedQ2 24: 9 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221116
Q1 2023717
Q2 2023149
Q3 20231412
Q4 20231618
Q1 20241715
Q2 2024199

Biggest buyers

Linden Advisors LP Added +6,720,000+6.7m
LAZARD ASSET MANAGEMENT LLC Added +5,526,000+5.5m
SSI INVESTMENT MANAGEMENT LLC Added +1,838,000+1.8m
JPMORGAN CHASE & CO Added +1,626,000+1.6m
MILLENNIUM MANAGEMENT LLC Added +1,365,000+1.4m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +1,000,000+1.0m
HBK INVESTMENTS L P Added +830,000+830.0k
Invesco Ltd. Added +750,000+750.0k
FMR LLC Added +362,000+362.0k
AGF MANAGEMENT LTD Added +150,000+150.0k

Biggest sellers

LORD, ABBETT & CO. LLC Reduced -9,126,000-9.1m
VOYA INVESTMENT MANAGEMENT LLC Reduced -5,750,000-5.8m
CITADEL ADVISORS LLC Reduced -5,000,000-5.0m
AMERIPRISE FINANCIAL INC Reduced -1,600,000-1.6m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -400,000-400.0k
CITIGROUP INC Reduced -108,000-108.0k
MORGAN STANLEY Sold out -12,000-12.0k
Stonegate Investment Group, LLC Sold out -11,000-11.0k
ADVENT CAPITAL MANAGEMENT /DE/ Sold out -2,000-2.0k

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.99% of their portfolio NEW YORK, NY 44,447,00044.4m $126.8m $126.8m 1.99% Added +1.0m +1,000,000
2 MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 36,365,00036.4m $103.4m $103.4m 0.09% Added +1.4m +1,365,000
3 CAPSTONE INVESTMENT ADVISORS, LLC 1.96% of their portfolio NEW YORK, NY 31,518,00031.5m $89.6m $89.6m 1.96% Reduced -400.0k -400,000
4 LORD, ABBETT & CO. LLC 0.12% of their portfolio JERSEY CITY, NJ 26,092,00026.1m $74.1m $74.1m 0.12% Reduced -9.1m -9,126,000
5 Linden Advisors LP 0.60% of their portfolio New York, NY 25,063,00025.1m $71.3m $71.3m 0.60% Added +6.7m +6,720,000
6 CITADEL ADVISORS LLC 0.07% of their portfolio MIAMI, FL 25,000,00025.0m $71.2m $71.2m 0.07% Reduced -5.0m -5,000,000
7 LAZARD ASSET MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 23,526,00023.5m $66.9m $66.9m 0.08% Added +5.5m +5,526,000
8 HBK INVESTMENTS L P 1.15% of their portfolio DALLAS, TX 16,830,00016.8m $47.9m $47.9m 1.15% Added +830.0k +830,000
9 DeepCurrents Investment Group LLC 1.87% of their portfolio NEW YORK, NY 16,354,00016.4m $46.5m $46.5m 1.87% Unchanged
10 Sculptor Capital LP 0.89% of their portfolio New York, NY 15,100,00015.1m $42.9m $42.9m 0.89% Added +100.0k +100,000
11 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 11,325,00011.3m $32.2m $32.2m 0.03% Reduced -5.8m -5,750,000
12 Calamos Advisors LLC 0.14% of their portfolio NAPERVILLE, IL 10,074,00010.1m $28.6m $28.6m 0.14% Unchanged
13 Verition Fund Management LLC 0.11% of their portfolio GREENWICH, CT 5,152,0005.2m $14.6m $14.6m 0.11% Unchanged
14 Alberta Investment Management Corp 0.15% of their portfolio EDMONTON, A0 5,000,0005.0m $14.2m $14.2m 0.15% Unchanged
15 SSI INVESTMENT MANAGEMENT LLC 0.87% of their portfolio Los Angeles, CA 3,998,0004.0m $11.3m $11.3m 0.87% Added +1.8m +1,838,000
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,880,0002.9m $8.0m $8.0m 0.00% Added +1.6m +1,626,000
17 BlackRock Inc. 0.00% of their portfolio New York, NY 2,513,0002.5m $7.1m $7.1m 0.00% Unchanged
18 FMR LLC 0.00% of their portfolio BOSTON, MA 2,512,0002.5m $7.1m $7.1m 0.00% Added +362.0k +362,000
19 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 2,274,0002.3m $6.5m $6.5m 0.00% Reduced -1.6m -1,600,000
20 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 850,000850.0k $2.4m $2.4m 0.00% Added +750.0k +750,000
21 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 575,000575.0k $1.6m $1.6m 0.01% Added +150.0k +150,000
22 NOMURA HOLDINGS INC 0.25% of their portfolio TOKYO, M0 363,348363.3k $39.3m $39.3m 0.25% Added +91.1k +91,127
23 Nicholas Investment Partners, LP 0.07% of their portfolio RANCHO SANTA FE, CA 250,000250.0k $709.2k $709.2k 0.07% Unchanged
24 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 235,000235.0k $654.5k $654.5k 0.00% Added +15.0k +15,000
25 Central Pacific Bank - Trust Division 0.08% of their portfolio HONOLULU, HI 223,000223.0k $632.6k $632.6k 0.08% Added +104.0k +104,000
26 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $557.0k $557.0k 0.00% Unchanged
27 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 89,00089.0k $252.5k $252.5k 0.00% Reduced -108.0k -108,000
28 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 63,00063.0k $178.7k $178.7k 0.01% Added +18.0k +18,000
29 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 14,00014.0k $39.7k $39.7k 0.00% New
30 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 8,9008.9k $25.2k $25.2k 0.00% Added +1.9k +1,900
31 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,0001.0k $2.8k $2.8k 0.00% Unchanged
32 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0001.0k $2.8k $2.8k 0.00% New
33 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0001.0k $2.8k $2.8k 0.00% New
34 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged