Vault-13

PALO ALTO NETWORKS INC PANW 0.75 07.01.23

NOTE 0.750% 7/0 · US DOMESTIC · CUSIP 697435AD7

7 institutional holders -59 vs Q1 2023
1,200,5341.2m shares reported held*
$351.1mreported value*
2 new 0 added 2 reduced 62 sold out net sold ≈ $4.3bn (-8.8m 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 ≈ $292.46.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 78Q4 22: 74Q1 23: 66Q2 23: 77Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202278
Q4 202274
Q1 202366
Q2 20237

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 24 bought or addedQ4 22: 27 cut or sold outQ4 22Q1 23: 25 bought or addedQ1 23: 34 cut or sold outQ1 23Q2 23: 2 bought or addedQ2 23: 64 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222427
Q1 20232534
Q2 2023264

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ3 22 calls: $24.4mQ3 22 puts: $95.8mQ3 22P/C 3.92Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$24.4m$95.8m3.92
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$0—

Biggest buyers

MEITAV INVESTMENT HOUSE LTD New +4,469+4.5k
Activest Wealth Management New +42+42

Biggest sellers

D. E. Shaw & Co., Inc. Sold out -181,900,000-181.9m
Shaolin Capital Management LLC Sold out -157,036,000-157.0m
TWO SIGMA INVESTMENTS, LP Sold out -130,889,000-130.9m
TENOR CAPITAL MANAGEMENT Co., L.P. Sold out -117,463,000-117.5m
Calamos Advisors LLC Sold out -115,173,000-115.2m
LAZARD ASSET MANAGEMENT LLC Sold out -80,345,000-80.3m
Sculptor Capital LP Sold out -71,590,000-71.6m
Aequim Alternative Investments LP Sold out -69,226,000-69.2m
ONTARIO TEACHERS PENSION PLAN BOARD Sold out -63,500,000-63.5m
VOYA INVESTMENT MANAGEMENT LLC Sold out -60,435,000-60.4m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Mint Tower Capital Management B.V. 40.14% of their portfolio AMSTERDAM, P7 115,526,000115.5m $307.0m $307.0m 40.14% Unchanged
2 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 16,900,00016.9m $38.0m $38.0m 0.02% Unchanged
3 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 1,787,0001.8m $4.9m $4.9m 0.01% Reduced -726.0k -726,000
4 COMERICA BANK 0.00% of their portfolio DALLAS, TX 1,196,0001.2m $0 $0 0.00% First filing
5 MEITAV INVESTMENT HOUSE LTD 0.01% of their portfolio BENE-BERAQ, L3 4,4694.5k $1.1m $1.1m 0.01% New
6 Activest Wealth Management 0.00% of their portfolio AVENTURA, FL 4242 $4.8k $4.8k 0.00% New
7 LAFFER TENGLER INVESTMENTS, INC. 0.02% of their portfolio Scottsdale, AZ 2323 $62.8k $62.8k 0.02% Reduced -1.2k -1,200