Vault-13

ON SEMICONDUCTOR CORP ON 1.625 10.15.23

NOTE 1.625%10/1 · US DOMESTIC · CUSIP 682189AP0

28 institutional holders -6 vs Q4 2022
362,391362.4k shares reported held*
$527.5mreported value*
4 new 5 added 11 reduced 10 sold out net sold ≈ $57.9m (-2.4m 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 ≈ $1455.48.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 35Q4 22: 34Q1 23: 2828Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202235
Q4 202234
Q1 202328

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 8 bought or addedQ4 22: 15 cut or sold outQ4 22Q1 23: 9 bought or addedQ1 23: 21 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022815
Q1 2023921

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2m$4m$6mQ3 22 calls: $4.7mQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$4.7m$00.00
Q4 2022$0$0—
Q1 2023$0$0—

Biggest buyers

BANK OF NOVA SCOTIA Added +26,143,979+26.1m
Warberg Asset Management LLC Added +2,411,000+2.4m
Parallax Volatility Advisers, L.P. Added +2,000,000+2.0m
NOMURA HOLDINGS INC New +696,392+696.4k
STIFEL FINANCIAL CORP New +11,898+11.9k
MORGAN STANLEY Added +5,000+5.0k
CITIGROUP INC New +3,000+3.0k
FIFTH THIRD BANCORP New +1,000+1.0k
Boussard & Gavaudan Investment Management LLP Added +455+455

Biggest sellers

MacKay Shields LLC Sold out -8,933,000-8.9m
JPMORGAN CHASE & CO Reduced -5,830,000-5.8m
TWO SIGMA INVESTMENTS, LP Reduced -3,839,000-3.8m
ROYAL BANK OF CANADA Sold out -2,590,000-2.6m
MACQUARIE GROUP LTD Sold out -2,240,000-2.2m
WELLS FARGO & COMPANY/MN Sold out -2,125,000-2.1m
BNP PARIBAS FINANCIAL MARKETS Sold out -1,732,000-1.7m
Opti Capital Management, LP Sold out -1,673,000-1.7m
FMR LLC Reduced -1,510,000-1.5m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -1,500,000-1.5m

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF NOVA SCOTIA 0.31% of their portfolio TORONTO, A6 26,254,00026.3m $104.3m $104.3m 0.31% Added +26.1m +26,143,979
2 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio NEW YORK, NY 14,750,00014.8m $58.6m $58.6m 0.03% Reduced -1.5m -1,500,000
3 Warberg Asset Management LLC 15.57% of their portfolio WINNETKA, IL 13,070,00013.1m $51.8m $51.8m 15.57% Added +2.4m +2,411,000
4 TWO SIGMA INVESTMENTS, LP 0.14% of their portfolio NEW YORK, NY 12,128,00012.1m $48.1m $48.1m 0.14% Reduced -3.8m -3,839,000
5 TENOR CAPITAL MANAGEMENT Co., L.P. 0.79% of their portfolio NEW YORK, NY 10,000,00010.0m $39.8m $39.8m 0.79% Reduced -177.0k -177,000
6 Parallax Volatility Advisers, L.P. 1.32% of their portfolio San Francisco, CA 9,500,0009.5m $37.7m $37.7m 1.32% Added +2.0m +2,000,000
7 Mint Tower Capital Management B.V. 4.88% of their portfolio AMSTERDAM, P7 8,998,0009.0m $35.7m $35.7m 4.88% Unchanged
8 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 7,840,0007.8m $31.1m $31.1m 0.03% Reduced -1.0m -1,000,000
9 FMR LLC 0.00% of their portfolio BOSTON, MA 4,844,0004.8m $19.2m $19.2m 0.00% Reduced -1.5m -1,510,000
10 NOMURA HOLDINGS INC 0.56% of their portfolio TOKYO, M0 696,392696.4k $57.3m $57.3m 0.56% New
11 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 350,000350.0k $1.4m $1.4m 0.00% Unchanged
12 PALISADE CAPITAL MANAGEMENT, LP 0.02% of their portfolio FORT LEE, NJ 210,000210.0k $833.2k $833.2k 0.02% Reduced -610.0k -610,000
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 101,000101.0k $401.0k $401.0k 0.00% Reduced -5.8m -5,830,000
14 EDMOND DE ROTHSCHILD HOLDING S.A. 0.01% of their portfolio CHAMBESY, V8 75,00075.0k $297.6k $297.6k 0.01% Unchanged
15 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 50,00050.0k $198.6k $198.6k 0.00% Reduced -195.0k -195,000
16 SG Americas Securities, LLC 0.09% of their portfolio NEW YORK, NY 17,55017.6k $7.0m $7.0m 0.09% Unchanged
17 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 15,00015.0k $59.5k $59.5k 0.00% Unchanged
18 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 11,89811.9k $11.9k $11.9k 0.00% New
19 Goldstein Advisors, LLC 0.01% of their portfolio Madison, WI 11,00011.0k $43.6k $43.6k 0.01% Reduced -13.0k -13,000
20 Boussard & Gavaudan Investment Management LLP 2.67% of their portfolio London, X0 7,1557.2k $28.3m $28.3m 2.67% Added +455 +455
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,0006.0k $23.8k $23.8k 0.00% Added +5.0k +5,000
22 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 3,0003.0k $11.9k $11.9k 0.00% Reduced -461.0k -461,000
23 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,0003.0k $11.9k $11.9k 0.00% New
24 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 2,0002.0k $7.9k $7.9k 0.00% Unchanged
25 LAFFER TENGLER INVESTMENTS, INC. 1.33% of their portfolio Scottsdale, AZ 1,2361.2k $4.9m $4.9m 1.33% Reduced -13 -13
26 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 1,0001.0k $396.6k $396.6k 0.00% New
27 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,0001.0k $4.0k $4.0k 0.00% Unchanged
28 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged