Vault-13

NATIONAL VISION HLDGS INC EYE 2.5 05.15.25

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

12 institutional holders -1 vs Q4 2024
49,00049.0k shares reported held*
$84.1mreported value*
0 new 5 added 2 reduced 1 sold out net bought ≈ $1.8m

* 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 ($2.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1757.10.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 37Q4 22: 34Q1 23: 44Q2 23: 38Q3 23: 34Q4 23: 31Q1 24: 25Q2 24: 20Q3 24: 15Q4 24: 13Q1 25: 1212Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202237
Q4 202234
Q1 202344
Q2 202338
Q3 202334
Q4 202331
Q1 202425
Q2 202420
Q3 202415
Q4 202413
Q1 202512

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 23: 19 bought or addedQ2 23: 22 cut or sold outQ3 23: 15 bought or addedQ3 23: 20 cut or sold outQ3 23Q4 23: 8 bought or addedQ4 23: 17 cut or sold outQ1 24: 11 bought or addedQ1 24: 14 cut or sold outQ1 24Q2 24: 7 bought or addedQ2 24: 10 cut or sold outQ3 24: 8 bought or addedQ3 24: 14 cut or sold outQ3 24Q4 24: 4 bought or addedQ4 24: 8 cut or sold outQ1 25: 5 bought or addedQ1 25: 3 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20231922
Q3 20231520
Q4 2023817
Q1 20241114
Q2 2024710
Q3 2024814
Q4 202448
Q1 202553

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. Added +4,940,000+4.9m
Russell Investments Group, Ltd. Added +2,954,000+3.0m
OAKTREE CAPITAL MANAGEMENT LP Added +2,134,000+2.1m
PIPER SANDLER & CO. Added +1,430,000+1.4m
Chicago Capital Management, LLC Added +10+10

Biggest sellers

CAPSTONE INVESTMENT ADVISORS, LLC Reduced -5,000,000-5.0m
ROYAL BANK OF CANADA Sold out -2,620,000-2.6m
CITIGROUP INC Reduced -2,005,000-2.0m

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 0.57% of their portfolio NEW YORK, NY 40,029,00040.0m $40.3m $40.3m 0.57% Added +4.9m +4,940,000
2 CAPSTONE INVESTMENT ADVISORS, LLC 0.13% of their portfolio NEW YORK, NY 14,022,00014.0m $14.0m $14.0m 0.13% Reduced -5.0m -5,000,000
3 PIPER SANDLER & CO. 9.68% of their portfolio MINNEAPOLIS, MN 13,060,00013.1m $12.9m $12.9m 9.68% Added +1.4m +1,430,000
4 OAKTREE CAPITAL MANAGEMENT LP 0.13% of their portfolio LOS ANGELES, CA 6,266,0006.3m $6.2m $6.2m 0.13% Added +2.1m +2,134,000
5 DeepCurrents Investment Group LLC 0.18% of their portfolio NEW YORK, NY 5,296,0005.3m $5.3m $5.3m 0.18% Unchanged
6 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 4,822,0004.8m $4.9m $4.9m 0.01% Added +3.0m +2,954,000
7 ADVENT CAPITAL MANAGEMENT /DE/ 0.02% of their portfolio NEW YORK, NY 679,000679.0k $675.6k $675.6k 0.02% Unchanged
8 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 603,000603.0k $597.0k $597.0k 0.00% Reduced -2.0m -2,005,000
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 221,000221.0k $220.1k $220.1k 0.00% Unchanged
10 Fox Hill Wealth Management 0.03% of their portfolio DEDHAM, MA 49,00049.0k $48.7k $48.7k 0.03% Unchanged
11 Chicago Capital Management, LLC 0.69% of their portfolio CHICAGO, IL 1,1101.1k $1.1m $1.1m 0.69% Added +10 +10
12 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged