Vault-13

NEUROCRINE BIOSCIENCES INC NBIX 2.25 05.15.24

NOTE 2.250% 5/1 · US DOMESTIC · CUSIP 64125CAD1

31 institutional holders -5 vs Q4 2023
15,303,00015.3m shares reported held*
$320.1mreported value*
5 new 7 added 7 reduced 10 sold out net sold ≈ $9.8m (-11.3m 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 ≈ $20.92.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 36Q4 22: 40Q1 23: 36Q2 23: 32Q3 23: 33Q4 23: 36Q1 24: 3131Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202236
Q4 202240
Q1 202336
Q2 202332
Q3 202333
Q4 202336
Q1 202431

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 16 bought or addedQ4 22: 11 cut or sold outQ4 22Q1 23: 7 bought or addedQ1 23: 14 cut or sold outQ1 23Q2 23: 9 bought or addedQ2 23: 11 cut or sold outQ2 23Q3 23: 7 bought or addedQ3 23: 7 cut or sold outQ3 23Q4 23: 12 bought or addedQ4 23: 14 cut or sold outQ4 23Q1 24: 12 bought or addedQ1 24: 17 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221611
Q1 2023714
Q2 2023911
Q3 202377
Q4 20231214
Q1 20241217

Biggest buyers

Elequin Capital, LP New +39,331,000+39.3m
PIPER SANDLER & CO. New +13,559,000+13.6m
VOYA INVESTMENT MANAGEMENT LLC Added +11,000,000+11.0m
FMR LLC Added +7,135,000+7.1m
PRICE T ROWE ASSOCIATES INC /MD/ New +2,590,000+2.6m
BARCLAYS PLC Added +118,000+118.0k
CITIGROUP INC Added +36,000+36.0k
Virtus Investment Advisers, LLC New +26,000+26.0k
AMERICAN CENTURY COMPANIES INC Added +18,000+18.0k
Fox Hill Wealth Management Added +5,000+5.0k

Biggest sellers

FRANKLIN RESOURCES INC Reduced -26,500,000-26.5m
Invesco Ltd. Reduced -17,150,000-17.1m
SONA ASSET MANAGEMENT (US) LLC Sold out -12,100,000-12.1m
LORD, ABBETT & CO. LLC Reduced -11,228,000-11.2m
CSS LLC/IL Sold out -8,859,000-8.9m
TWO SIGMA INVESTMENTS, LP Sold out -1,500,000-1.5m
SSI INVESTMENT MANAGEMENT LLC Reduced -903,000-903.0k
Paloma Partners Management Co Sold out -847,000-847.0k
ROYAL BANK OF CANADA Reduced -102,000-102.0k
Virtus Investment Advisers, LLC Sold out -26,000-26.0k

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Elequin Capital, LP 13.68% of their portfolio NEW YORK, NY 39,331,00039.3m $71.2m $71.2m 13.68% New
2 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 28,250,00028.2m $51.2m $51.2m 0.02% Reduced -26.5m -26,500,000
3 TENOR CAPITAL MANAGEMENT Co., L.P. 0.78% of their portfolio NEW YORK, NY 26,765,00026.8m $48.8m $48.8m 0.78% Unchanged
4 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 14,351,00014.4m $26.0m $26.0m 0.03% Unchanged
5 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 14,000,00014.0m $25.4m $25.4m 0.02% Added +11.0m +11,000,000
6 PIPER SANDLER & CO. 16.91% of their portfolio MINNEAPOLIS, MN 13,559,00013.6m $24.6m $24.6m 16.91% New
7 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 13,362,00013.4m $24.2m $24.2m 0.04% Reduced -11.2m -11,228,000
8 FMR LLC 0.00% of their portfolio BOSTON, MA 10,135,00010.1m $18.3m $18.3m 0.00% Added +7.1m +7,135,000
9 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 6,664,0006.7m $12.0m $12.0m 0.00% Reduced -17.1m -17,150,000
10 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 2,590,0002.6m $4.7m $4.7m 0.00% New
11 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 1,600,0001.6m $2.9m $2.9m 0.01% Unchanged
12 SSI INVESTMENT MANAGEMENT LLC 0.19% of their portfolio Los Angeles, CA 1,376,0001.4m $2.5m $2.5m 0.19% Reduced -903.0k -903,000
13 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,200,0001.2m $2.2m $2.2m 0.01% Unchanged
14 Rock Springs Capital Management LP 0.05% of their portfolio Baltimore, MD 1,000,0001.0m $1.8m $1.8m 0.05% Unchanged
15 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 998,000998.0k $1.8m $1.8m 0.00% Added +36.0k +36,000
16 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 680,000680.0k $1.2m $1.2m 0.00% Added +118.0k +118,000
17 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 195,000195.0k $352.1k $352.1k 0.00% Reduced -18.0k -18,000
18 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 157,000157.0k $284.8k $284.8k 0.00% Added +18.0k +18,000
19 Fox Hill Wealth Management 0.16% of their portfolio DEDHAM, MA 134,000134.0k $241.5k $241.5k 0.16% Added +5.0k +5,000
20 Central Pacific Bank - Trust Division 0.03% of their portfolio HONOLULU, HI 119,000119.0k $219.4k $219.4k 0.03% First filing
21 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 47,00047.0k $84.8k $84.8k 0.00% Unchanged
22 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 31,00031.0k $55.9k $55.9k 0.00% Unchanged
23 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 26,00026.0k $46.9k $46.9k 0.03% New
24 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 10,00010.0k $18.0k $18.0k 0.00% Unchanged
25 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,0004.0k $7.0k $7.0k 0.00% Reduced -102.0k -102,000
26 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,0003.0k $5.4k $5.4k 0.00% Unchanged
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,0003.0k $5.4k $5.4k 0.00% Added +1.0k +1,000
28 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,0003.0k $5.4k $5.4k 0.00% New
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,0002.0k $3.6k $3.6k 0.00% Reduced -2.0k -2,000
30 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 2,0002.0k $4.0k $4.0k 0.00% Unchanged
31 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged