Vault-13

NATIONAL VISION HLDGS INC EYE 2.5 05.15.25

NOTE 2.500% 5/1 · US DOMESTIC · CUSIP 63845RAB3

38 institutional holders -6 vs Q1 2023
23,505,00023.5m shares reported held*
$448.1mreported value*
7 new 12 added 9 reduced 13 sold out net bought ≈ $14.6m (-7.1m 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 ($8.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.40.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 37Q4 22: 34Q1 23: 44Q2 23: 3838Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202237
Q4 202234
Q1 202344
Q2 202338

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 13 bought or addedQ4 22: 16 cut or sold outQ4 22Q1 23: 31 bought or addedQ1 23: 18 cut or sold outQ1 23Q2 23: 19 bought or addedQ2 23: 22 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221316
Q1 20233118
Q2 20231922

Biggest buyers

HIGHBRIDGE CAPITAL MANAGEMENT LLC New +37,014,000+37.0m
DLD Asset Management, LP New +14,500,000+14.5m
III Capital Management Added +13,100,000+13.1m
Polar Capital Holdings Plc New +9,000,000+9.0m
BANK OF AMERICA CORP /DE/ Added +7,450,000+7.5m
Man Group plc Added +7,000,000+7.0m
BOOTHBAY FUND MANAGEMENT, LLC New +6,127,000+6.1m
DeepCurrents Investment Group LLC Added +6,000,000+6.0m
Invesco Ltd. New +5,000,000+5.0m
Walleye Capital LLC Added +3,750,000+3.8m

Biggest sellers

Shaolin Capital Management LLC Sold out -17,500,000-17.5m
LAZARD ASSET MANAGEMENT LLC Reduced -16,000,000-16.0m
Fort Baker Capital Management LP Reduced -12,500,000-12.5m
Nuveen Asset Management, LLC Sold out -12,500,000-12.5m
Linden Advisors LP Sold out -11,750,000-11.8m
FMR LLC Reduced -6,950,000-7.0m
CAMDEN ASSET MANAGEMENT L P /CA Sold out -6,500,000-6.5m
WOLVERINE ASSET MANAGEMENT LLC Reduced -4,500,000-4.5m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -2,809,000-2.8m
TORONTO DOMINION BANK Sold out -2,500,000-2.5m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.00% of their portfolio NEW YORK, NY 45,500,00045.5m $47.9m $47.9m 1.00% Added +2.5m +2,500,000
2 LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 45,000,00045.0m $47.2m $47.2m 0.06% Reduced -16.0m -16,000,000
3 HIGHBRIDGE CAPITAL MANAGEMENT LLC 2.25% of their portfolio NEW YORK, NY 37,014,00037.0m $38.7m $38.7m 2.25% New
4 CAPSTONE INVESTMENT ADVISORS, LLC 1.00% of their portfolio NEW YORK, NY 32,235,00032.2m $33.8m $33.8m 1.00% Reduced -2.0m -2,000,000
5 Man Group plc 0.09% of their portfolio LONDON, X0 28,086,00028.1m $29.5m $29.5m 0.09% Added +7.0m +7,000,000
6 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 25,900,00025.9m $25.0m $25.0m 0.01% Unchanged
7 DeepCurrents Investment Group LLC 1.06% of their portfolio NEW YORK, NY 23,500,00023.5m $24.7m $24.7m 1.06% Added +6.0m +6,000,000
8 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 16,500,00016.5m $17.3m $17.3m 0.01% Unchanged
9 III Capital Management 1.32% of their portfolio BOCA RATON, FL 16,100,00016.1m $16.9m $16.9m 1.32% Added +13.1m +13,100,000
10 ADVENT CAPITAL MANAGEMENT /DE/ 0.33% of their portfolio NEW YORK, NY 15,638,00015.6m $16.4m $16.4m 0.33% Reduced -2.8m -2,809,000
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 15,314,00015.3m $16.0m $16.0m 0.00% Added +7.5m +7,450,000
12 Sculptor Capital LP 0.41% of their portfolio New York, NY 15,000,00015.0m $15.8m $15.8m 0.41% Unchanged
13 DLD Asset Management, LP 2.05% of their portfolio NEW YORK, NY 14,500,00014.5m $15.3m $15.3m 2.05% New
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,187,00010.2m $10.7m $10.7m 0.00% Added +1.7m +1,725,000
15 Magnetar Financial LLC 0.21% of their portfolio EVANSTON, IL 9,000,0009.0m $9.4m $9.4m 0.21% Added +1.0m +1,000,000
16 Polar Capital Holdings Plc 0.06% of their portfolio London, X0 9,000,0009.0m $9.4m $9.4m 0.06% New
17 Fort Baker Capital Management LP 1.27% of their portfolio Larkspur, CA 8,500,0008.5m $9.0m $9.0m 1.27% Reduced -12.5m -12,500,000
18 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 7,500,0007.5m $7.9m $7.9m 0.04% Unchanged
19 FMR LLC 0.00% of their portfolio BOSTON, MA 6,950,0007.0m $7.2m $7.2m 0.00% Reduced -7.0m -6,950,000
20 BOOTHBAY FUND MANAGEMENT, LLC 0.20% of their portfolio NEW YORK, NY 6,127,0006.1m $6.4m $6.4m 0.20% New
21 ABSOLUTE INVESTMENT ADVISERS, LLC 0.88% of their portfolio ROSEMARY BEACH, FL 6,000,0006.0m $6.3m $6.3m 0.88% Unchanged
22 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 5,136,0005.1m $5.1m $5.1m 0.01% Unchanged
23 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 5,000,0005.0m $5.2m $5.2m 0.00% New
24 Walleye Capital LLC 0.09% of their portfolio NEW YORK, NY 5,000,0005.0m $5.2m $5.2m 0.09% Added +3.8m +3,750,000
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,310,0003.3m $3.5m $3.5m 0.00% New
26 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,266,0003.3m $3.4m $3.4m 0.00% Added +1.3m +1,330,000
27 BlackRock Inc. 0.00% of their portfolio New York, NY 2,247,0002.2m $2.3m $2.3m 0.00% Reduced -100.0k -100,000
28 Worth Venture Partners, LLC 1.14% of their portfolio FORT LEE, NJ 1,972,0002.0m $2.1m $2.1m 1.14% New
29 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,750,0001.8m $1.8m $1.8m 0.00% Unchanged
30 WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio CHICAGO, IL 1,500,0001.5m $1.6m $1.6m 0.03% Reduced -4.5m -4,500,000
31 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 616,000616.0k $642.5k $642.5k 0.00% Added +600.0k +600,000
32 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 127,000127.0k $133.5k $133.5k 0.00% Reduced -1.2m -1,164,000
33 Verition Fund Management LLC 0.12% of their portfolio GREENWICH, CT 7,6227.6k $8.0m $8.0m 0.12% Added +2.0k +2,024
34 UBS Group AG 0.00% of their portfolio ZURICH, V8 6,0006.0k $6.3k $6.3k 0.00% Unchanged
35 Context Capital Management, LLC 0.52% of their portfolio LAJOLLA, CA 5,5005.5k $5.8m $5.8m 0.52% Added +3.0k +3,000
36 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 5,0005.0k $5.2k $5.2k 0.00% Unchanged
37 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 5,0005.0k $524.0k $524.0k 0.00% Reduced -11.0k -11,000
38 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged