Vault-13

NORTHERN OIL & GAS INC NOG 3.625 04.15.29

NOTE 3.625% 4/1 · US DOMESTIC · CUSIP 665531AJ8

68 institutional holders +16 vs Q1 2026
43,986,00044.0m shares reported held*
$604.7mreported value*
22 new 21 added 10 reduced 6 sold out net bought ≈ $159.7m (-4.1m 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 ($1.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $13.78.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q4 23: 62Q1 24: 63Q2 24: 65Q3 24: 62Q4 24: 60Q1 25: 65Q2 25: 66Q3 25: 65Q4 25: 64Q1 26: 52Q2 26: 6868Q4 23Q2 24Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q4 202362
Q1 202463
Q2 202465
Q3 202462
Q4 202460
Q1 202565
Q2 202566
Q3 202565
Q4 202564
Q1 202652
Q2 202668

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 24: 30 bought or addedQ3 24: 25 cut or sold outQ4 24: 20 bought or addedQ4 24: 31 cut or sold outQ4 24Q1 25: 25 bought or addedQ1 25: 28 cut or sold outQ2 25: 32 bought or addedQ2 25: 28 cut or sold outQ2 25Q3 25: 28 bought or addedQ3 25: 27 cut or sold outQ4 25: 22 bought or addedQ4 25: 29 cut or sold outQ4 25Q1 26: 23 bought or addedQ1 26: 31 cut or sold outQ2 26: 43 bought or addedQ2 26: 16 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20243025
Q4 20242031
Q1 20252528
Q2 20253228
Q3 20252827
Q4 20252229
Q1 20262331
Q2 20264316

Biggest buyers

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +56,840,000+56.8m
D. E. Shaw & Co., Inc. New +38,533,000+38.5m
LMR Partners LLP New +36,755,000+36.8m
PenderFund Capital Management Ltd. Added +22,500,000+22.5m
BNP PARIBAS FINANCIAL MARKETS Added +15,000,000+15.0m
Magnetar Financial LLC New +15,000,000+15.0m
JPMORGAN CHASE & CO New +11,937,000+11.9m
UBS Group AG Added +10,692,670+10.7m
CAPSTONE INVESTMENT ADVISORS, LLC New +10,000,000+10.0m
MILLENNIUM MANAGEMENT LLC Added +9,350,000+9.3m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -83,385,000-83.4m
Kohlberg Kravis Roberts & Co. L.P. Reduced -12,921,000-12.9m
Polar Capital Holdings Plc Sold out -8,500,000-8.5m
ZAZOVE ASSOCIATES LLC Reduced -8,421,000-8.4m
GABELLI FUNDS LLC Sold out -8,075,000-8.1m
SSI INVESTMENT MANAGEMENT LLC Sold out -5,663,000-5.7m
WELLINGTON MANAGEMENT GROUP LLP Reduced -4,325,000-4.3m
Thrivent Financial for Lutherans Reduced -3,690,000-3.7m
DEUTSCHE BANK AG\ Reduced -3,462,000-3.5m
Bank of New York Mellon Corp Reduced -500,000-500.0k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PenderFund Capital Management Ltd. 8.32% of their portfolio VANCOUVER, A1 67,000,00067.0m $64.9m $64.9m 8.32% Added +22.5m +22,500,000
2 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 56,840,00056.8m $54.3m $54.3m 0.01% New
3 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 38,533,00038.5m $36.9m $36.9m 0.02% New
4 LMR Partners LLP 0.26% of their portfolio LONDON, X0 36,755,00036.8m $35.2m $35.2m 0.26% New
5 MacKay Shields LLC 1.07% of their portfolio New York, NY 33,241,00033.2m $31.9m $31.9m 1.07% Reduced -55.0k -55,000
6 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 24,508,00024.5m $23.4m $23.4m 0.00% Unchanged
7 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 24,050,00024.1m $23.2m $23.2m 0.04% Reduced -3.7m -3,690,000
8 Financial Sense Advisors, Inc. 4.50% of their portfolio SAN DIEGO, CA 23,729,00023.7m $22.9m $22.9m 4.50% Added +5.0m +5,014,000
9 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 23,463,00023.5m $225.4k $225.4k 0.00% Added +191.0k +191,000
10 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 19,440,00019.4m $18.6m $18.6m 0.01% Added +9.3m +9,350,000
11 ZAZOVE ASSOCIATES LLC 1.44% of their portfolio INCLINE VILLAGE, NV 18,381,00018.4m $17.6m $17.6m 1.44% Reduced -8.4m -8,421,000
12 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 16,500,00016.5m $15.8m $15.8m 0.01% Added +15.0m +15,000,000
13 Calamos Advisors LLC 0.05% of their portfolio NAPERVILLE, IL 15,527,00015.5m $14.9m $14.9m 0.05% Added +4.0m +4,000,000
14 Magnetar Financial LLC 0.13% of their portfolio EVANSTON, IL 15,000,00015.0m $14.4m $14.4m 0.13% New
15 ADVENT CAPITAL MANAGEMENT /DE/ 0.33% of their portfolio NEW YORK, NY 14,977,00015.0m $14.5m $14.5m 0.33% Added +1.6m +1,581,000
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 14,825,00014.8m $14.2m $14.2m 0.00% Added +2.8m +2,835,000
17 ABSOLUTE INVESTMENT ADVISERS, LLC 1.34% of their portfolio ROSEMARY BEACH, FL 14,500,00014.5m $13.9m $13.9m 1.34% Added +4.5m +4,500,000
18 FMR LLC 0.00% of their portfolio BOSTON, MA 13,359,00013.4m $12.8m $12.8m 0.00% Added +5.3m +5,305,000
19 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 13,347,00013.3m $12.8m $12.8m 0.00% Added +3.5m +3,500,000
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 11,937,00011.9m $11.3m $11.3m 0.00% New
21 UBS Group AG 0.00% of their portfolio ZURICH, V8 10,744,00010.7m $10.3m $10.3m 0.00% Added +10.7m +10,692,670
22 Balyasny Asset Management L.P. 0.02% of their portfolio Chicago, IL 10,000,00010.0m $9.6m $9.6m 0.02% Unchanged
23 CAPSTONE INVESTMENT ADVISORS, LLC 0.07% of their portfolio NEW YORK, NY 10,000,00010.0m $9.6m $9.6m 0.07% New
24 SHENKMAN CAPITAL MANAGEMENT INC 1.15% of their portfolio NEW YORK, NY 8,400,0008.4m $8.3m $8.3m 1.15% Added +1.1m +1,061,000
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 8,180,0008.2m $7.8m $7.8m 0.00% New
26 PALISADE CAPITAL MANAGEMENT, LP 0.31% of their portfolio FORT LEE, NJ 7,500,0007.5m $7.2m $7.2m 0.31% New
27 SUSQUEHANNA ADVISORS GROUP, INC. 0.00% of their portfolio BALA CYNWYD, PA 7,340,0007.3m $70.1k $70.1k 0.00% New
28 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 6,567,0006.6m $6.3m $6.3m 0.00% Added +3.8m +3,787,000
29 Context Capital Management, LLC 0.12% of their portfolio LAJOLLA, CA 6,400,0006.4m $6.1m $6.1m 0.12% New
30 Kohlberg Kravis Roberts & Co. L.P. 0.11% of their portfolio NEW YORK, NY 6,244,0006.2m $6.0m $6.0m 0.11% Reduced -12.9m -12,921,000
31 SSI INVESTMENT MANAGEMENT LLC 0.32% of their portfolio Los Angeles, CA 5,714,0005.7m $5.5m $5.5m 0.32% New
32 Cutler Capital Management, LLC 1.31% of their portfolio WORCESTER, MA 5,265,0005.3m $5.0m $5.0m 1.31% Added +1.3m +1,315,000
33 OAKTREE CAPITAL MANAGEMENT LP 0.08% of their portfolio LOS ANGELES, CA 4,614,0004.6m $4.4m $4.4m 0.08% Added +2.6m +2,614,000
34 CONNING INC. 0.13% of their portfolio HARTFORD, CT 4,500,0004.5m $4.3m $4.3m 0.13% New
35 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 4,000,0004.0m $3.8m $3.8m 0.01% Added +1.0m +1,000,000
36 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2,319,0002.3m $2.2m $2.2m 0.00% Added +2.2m +2,181,000
37 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 2,000,0002.0m $1.9m $1.9m 0.00% New
38 Benefit Street Partners LLC 2.74% of their portfolio NEW YORK, NY 2,000,0002.0m $1.9m $1.9m 2.74% New
39 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,750,0001.8m $1.7m $1.7m 0.00% Unchanged
40 EFG International AG 0.03% of their portfolio Zurich, V8 1,500,0001.5m $1.4m $1.4m 0.03% New
41 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 1,415,0001.4m $1.4m $1.4m 0.00% Reduced -83.4m -83,385,000
42 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,325,0001.3m $1.3m $1.3m 0.00% New
43 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 1,200,0001.2m $1.2m $1.2m 0.00% New
44 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,167,0001.2m $1.1m $1.1m 0.00% Reduced -4.3m -4,325,000
45 RWC Asset Management LLP 0.04% of their portfolio LONDON, X0 1,060,0001.1m $1.0m $1.0m 0.04% Unchanged
46 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,045,0001.0m $998.6k $998.6k 0.00% Reduced -3.5m -3,462,000
47 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,000,0001.0m $959.1k $959.1k 0.00% Unchanged
48 Man Group plc 0.00% of their portfolio LONDON, X0 1,000,0001.0m $952.8k $952.8k 0.00% Added +25.0k +25,000
49 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 900,000900.0k $863.2k $863.2k 0.00% Reduced -500.0k -500,000
50 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 879,000879.0k $843.0k $843.0k 0.00% Added +393.0k +393,000
51 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 667,000667.0k $643.9k $643.9k 0.00% Unchanged
52 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 371,000371.0k $354.5k $354.5k 0.00% Unchanged
53 Central Pacific Bank - Trust Division 0.02% of their portfolio HONOLULU, HI 240,000240.0k $229.3k $229.3k 0.02% Unchanged
54 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 203,000203.0k $194.0k $194.0k 0.00% Reduced -4.0k -4,000
55 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 140,000140.0k $134.0k $134.0k 0.00% Unchanged
56 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 133,000133.0k $127.1k $127.1k 0.00% Unchanged
57 Crestwood Advisors Group, LLC 0.00% of their portfolio BOSTON, MA 85,00085.0k $81.2k $81.2k 0.00% New
58 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 65,00065.0k $62.1k $62.1k 0.00% Unchanged
59 CSS LLC/IL 0.00% of their portfolio CHICAGO, IL 41,00041.0k $39.2k $39.2k 0.00% Unchanged
60 Shaolin Capital Management LLC 1.83% of their portfolio Miami, FL 33,42533.4k $32.2m $32.2m 1.83% New
61 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 23,00023.0k $22.0k $22.0k 0.00% New
62 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 15,00015.0k $14.3k $14.3k 0.00% Added +4.0k +4,000
63 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 12,00012.0k $11.4k $11.4k 0.00% Unchanged
64 Balboa Wealth Partners 0.00% of their portfolio SCOTTSDALE, AZ 11,00011.0k $10.4k $10.4k 0.00% Reduced -22.0k -22,000
65 K2 PRINCIPAL FUND, L.P. 0.39% of their portfolio TORONTO, A6 4,4254.4k $4.2m $4.2m 0.39% New
66 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 4,0004.0k $3.8k $3.8k 0.00% Unchanged
67 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 4,0004.0k $3.8k $3.8k 0.00% Unchanged
68 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% New