Vault-13

PALO ALTO NETWORKS INC PANW 0.375 06.01.25

NOTE 0.375% 6/0 · US DOMESTIC · CUSIP 697435AF2

82 institutional holders +6 vs Q3 2022
78,957,40079.0m shares reported held*
$2.9bnreported value*
11 new 21 added 22 reduced 7 sold out net bought ≈ $121.3m (+45.3m 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 ≈ $36.27.

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 76Q4 22: 8282Q3 22Q4 22
Numbers
QuarterHolders
Q3 202276
Q4 202282

Biggest buyers

Elliott Investment Management L.P. New +100,000,000+100.0m
LORD, ABBETT & CO. LLC New +37,164,000+37.2m
BNP PARIBAS FINANCIAL MARKETS New +34,485,000+34.5m
Segantii Capital Management Ltd New +25,000,000+25.0m
AVIVA PLC New +20,000,000+20.0m
CITADEL ADVISORS LLC Added +19,500,000+19.5m
Lombard Odier Asset Management (Europe) Ltd Added +19,067,000+19.1m
MIZUHO SECURITIES USA LLC Added +10,625,000+10.6m
Invesco Ltd. New +10,175,000+10.2m
Fore Capital, LLC New +5,000,000+5.0m

Biggest sellers

Linden Advisors LP Reduced -56,792,000-56.8m
TWO SIGMA INVESTMENTS, LP Reduced -45,500,000-45.5m
Shaolin Capital Management LLC Reduced -32,500,000-32.5m
LAZARD ASSET MANAGEMENT LLC Reduced -19,532,000-19.5m
III Capital Management Sold out -17,500,000-17.5m
Mint Tower Capital Management B.V. Reduced -11,318,000-11.3m
AMERIPRISE FINANCIAL INC Reduced -9,905,000-9.9m
LORD, ABBETT & CO. LLC Reduced -8,027,000-8.0m
JPMORGAN CHASE & CO Reduced -6,150,000-6.2m
Tetragon Partners GP Ltd Reduced -5,500,000-5.5m

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 5.33% of their portfolio New York, NY 342,569,000342.6m $506.6m $506.6m 5.33% Reduced -56.8m -56,792,000
2 VOYA INVESTMENT MANAGEMENT LLC 0.38% of their portfolio ATLANTA, GA 220,555,000220.6m $326.8m $326.8m 0.38% Reduced -4.5m -4,550,000
3 Elliott Investment Management L.P. 1.73% of their portfolio WEST PALM BEACH, FL 100,000,000100.0m $147.7m $147.7m 1.73% New
4 WHITEBOX ADVISORS LLC 4.75% of their portfolio MINNEAPOLIS, MN 86,179,00086.2m $127.2m $127.2m 4.75% Added +4.0m +4,000,000
5 D. E. Shaw & Co., Inc. 0.20% of their portfolio New York, NY 78,039,00078.0m $115.3m $115.3m 0.20% Reduced -1.5m -1,500,000
6 Calamos Advisors LLC 0.53% of their portfolio NAPERVILLE, IL 73,668,00073.7m $108.9m $108.9m 0.53% Added +18.0k +18,000
7 TENOR CAPITAL MANAGEMENT Co., L.P. 2.53% of their portfolio NEW YORK, NY 71,793,00071.8m $106.1m $106.1m 2.53% Unchanged
8 CITADEL ADVISORS LLC 0.11% of their portfolio MIAMI, FL 62,500,00062.5m $92.4m $92.4m 0.11% Added +19.5m +19,500,000
9 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.16% of their portfolio BALA CYNWYD, PA 56,756,00056.8m $83.8m $83.8m 0.16% Added +2.6m +2,617,000
10 Shaolin Capital Management LLC 2.32% of their portfolio Miami, FL 52,500,00052.5m $77.6m $77.6m 2.32% Reduced -32.5m -32,500,000
11 LAZARD ASSET MANAGEMENT LLC 0.10% of their portfolio NEW YORK, NY 48,468,00048.5m $71.8m $71.8m 0.10% Reduced -19.5m -19,532,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 48,223,00048.2m $71.2m $71.2m 0.00% Added +1.1m +1,123,000
13 Castle Creek Arbitrage, LLC 5.99% of their portfolio AVON, CO 46,000,00046.0m $68.0m $68.0m 5.99% Unchanged
14 ADVENT CAPITAL MANAGEMENT /DE/ 1.15% of their portfolio NEW YORK, NY 43,535,00043.5m $64.5m $64.5m 1.15% Added +1.7m +1,705,000
15 CAPSTONE INVESTMENT ADVISORS, LLC 1.48% of their portfolio NEW YORK, NY 37,850,00037.9m $56.1m $56.1m 1.48% Unchanged
16 LORD, ABBETT & CO. LLC 0.10% of their portfolio JERSEY CITY, NJ 37,164,00037.2m $55.0m $55.0m 0.10% New
17 LORD, ABBETT & CO. LLC 0.10% of their portfolio JERSEY CITY, NJ 37,164,00037.2m $55.0m $55.0m 0.10% Reduced -8.0m -8,027,000
18 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 36,179,00036.2m $53.4m $53.4m 0.01% Added +176.0k +176,000
19 BNP PARIBAS FINANCIAL MARKETS 0.13% of their portfolio PARIS, I0 34,485,00034.5m $51.0m $51.0m 0.13% New
20 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 31,845,00031.8m $47.5m $47.5m 0.01% Reduced -6.2m -6,150,000
21 FMR LLC 0.00% of their portfolio BOSTON, MA 30,875,00030.9m $45.6m $45.6m 0.00% Added +3.1m +3,150,000
22 MacKay Shields LLC 1.03% of their portfolio New York, NY 27,155,00027.2m $40.2m $40.2m 1.03% Reduced -300.0k -300,000
23 Tetragon Partners GP Ltd 5.29% of their portfolio GRAND CAYMAN, E9 25,000,00025.0m $36.9m $36.9m 5.29% Reduced -5.5m -5,500,000
24 Segantii Capital Management Ltd 1.42% of their portfolio HONG KONG, K3 25,000,00025.0m $37.0m $37.0m 1.42% New
25 Alberta Investment Management Corp 0.29% of their portfolio EDMONTON, A0 22,500,00022.5m $33.3m $33.3m 0.29% Unchanged
26 Mint Tower Capital Management B.V. 3.39% of their portfolio AMSTERDAM, P7 20,317,00020.3m $30.0m $30.0m 3.39% Reduced -11.3m -11,318,000
27 AVIVA PLC 0.14% of their portfolio LONDON, X0 20,000,00020.0m $29.5m $29.5m 0.14% New
28 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 19,522,00019.5m $28.8m $28.8m 0.01% Reduced -9.9m -9,905,000
29 Lombard Odier Asset Management (Europe) Ltd 1.21% of their portfolio LONDON, X0 19,224,00019.2m $28.4m $28.4m 1.21% Added +19.1m +19,067,000
30 BlackRock Inc. 0.00% of their portfolio New York, NY 18,463,00018.5m $27.3m $27.3m 0.00% Added +1.1m +1,050,000
31 Daiwa Securities Group Inc. 0.20% of their portfolio CHIYODA-KU,TOKYO, M0 17,500,00017.5m $25.9m $25.9m 0.20% Added +2.5m +2,500,000
32 MIZUHO SECURITIES USA LLC 2.14% of their portfolio NEW YORK, NY 15,609,00015.6m $22.9m $22.9m 2.14% Added +10.6m +10,625,000
33 PUTNAM INVESTMENTS LLC 0.03% of their portfolio BOSTON, MA 12,626,00012.6m $18.6m $18.6m 0.03% Reduced -1.5m -1,479,000
34 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio FRANKFURT AM MAIN, 2M 11,750,00011.8m $17.3m $17.3m 0.03% Added +2.5m +2,500,000
35 ONTARIO TEACHERS PENSION PLAN BOARD 0.16% of their portfolio Toronto, A6 10,360,00010.4m $15.3m $15.3m 0.16% Unchanged
36 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 10,175,00010.2m $15.0m $15.0m 0.00% New
37 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 7,178,0007.2m $12.2m $12.2m 0.01% Added +3.9m +3,948,000
38 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,974,0007.0m $10.3m $10.3m 0.00% Reduced -1.1m -1,095,000
39 ABSOLUTE INVESTMENT ADVISERS, LLC 1.13% of their portfolio ROSEMARY BEACH, FL 5,100,0005.1m $7.5m $7.5m 1.13% Unchanged
40 Fore Capital, LLC 12.86% of their portfolio New York, NY 5,000,0005.0m $7.4m $7.4m 12.86% New
41 Chiron Investment Management, LLC 1.12% of their portfolio NEW YORK, NY 3,229,0003.2m $4.8m $4.8m 1.12% New
42 Ovata Capital Management Ltd 1.45% of their portfolio HONG KONG, K3 3,000,0003.0m $4.4m $4.4m 1.45% Unchanged
43 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,972,0003.0m $4.4m $4.4m 0.00% Added +1.1m +1,122,000
44 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,607,0002.6m $3.8m $3.8m 0.00% Added +147.0k +147,000
45 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 2,000,0002.0m $2.9m $2.9m 0.00% Unchanged
46 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 1,866,0001.9m $2.7m $2.7m 0.00% Added +268.0k +268,000
47 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,627,0001.6m $2.4m $2.4m 0.00% Unchanged
48 EDMOND DE ROTHSCHILD HOLDING S.A. 0.05% of their portfolio CHAMBESY, V8 1,539,0001.5m $2.3m $2.3m 0.05% Added +380.0k +380,000
49 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,420,0001.4m $2.1m $2.1m 0.00% First filing
50 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,300,0001.3m $1.9m $1.9m 0.00% New
51 Periscope Capital Inc. 0.08% of their portfolio Toronto, A6 1,250,0001.2m $1.8m $1.8m 0.08% Reduced -750.0k -750,000
52 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,050,0001.1m $1.6m $1.6m 0.00% Added +196.0k +196,000
53 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 1,000,0001.0m $1.5m $1.5m 0.00% Unchanged
54 PALISADE CAPITAL MANAGEMENT, LP 0.04% of their portfolio FORT LEE, NJ 1,000,0001.0m $1.5m $1.5m 0.04% New
55 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 925,000925.0k $1.4m $1.4m 0.01% First filing
56 LBP AM SA 0.04% of their portfolio Paris, I0 850,000850.0k $1.3m $1.3m 0.04% First filing
57 Quaero Capital S.A. 0.71% of their portfolio GENEVE, V8 700,000700.0k $1.0m $1.0m 0.71% Unchanged
58 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 502,000502.0k $742.1k $742.1k 0.00% Reduced -10.0k -10,000
59 SSI INVESTMENT MANAGEMENT LLC 0.04% of their portfolio Los Angeles, CA 455,000455.0k $671.8k $671.8k 0.04% Unchanged
60 Federation des caisses Desjardins du Quebec 0.01% of their portfolio LEVIS, A8 448,000448.0k $656.4k $656.4k 0.01% Unchanged
61 CQS (US), LLC 0.08% of their portfolio NEW YORK, NY 400,000400.0k $590.3k $590.3k 0.08% Unchanged
62 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 317,000317.0k $468.1k $468.1k 0.00% Reduced -45.5m -45,500,000
63 Calamos Wealth Management LLC 0.02% of their portfolio NAPERVILLE, IL 201,000201.0k $297.1k $297.1k 0.02% Reduced -8.0k -8,000
64 Liberty Mutual Group Asset Management Inc. 0.08% of their portfolio Boston, MA 200,000200.0k $295.3k $295.3k 0.08% Unchanged
65 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 191,000191.0k $283.0k $283.0k 0.00% Reduced -99.0k -99,000
66 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 135,000135.0k $199.3k $199.3k 0.00% Unchanged
67 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 79,00079.0k $116.6k $116.6k 0.00% Added +2.0k +2,000
68 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 66,55866.6k $93.0k $93.0k 0.00% Reduced -3.3k -3,347
69 Beck Bode, LLC 0.02% of their portfolio DEDHAM, MA 63,00063.0k $92.8k $92.8k 0.02% Reduced -157.0k -157,000
70 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 44,00044.0k $65.0k $65.0k 0.00% Reduced -892.0k -892,000
71 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 34,00034.0k $50.2k $50.2k 0.00% Unchanged
72 SG Americas Securities, LLC 0.06% of their portfolio NEW YORK, NY 28,88028.9k $4.3m $4.3m 0.06% Reduced -210 -210
73 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 26,00026.0k $38.4k $38.4k 0.00% Unchanged
74 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 25,00025.0k $36.9k $36.9k 0.00% Unchanged
75 Boussard & Gavaudan Investment Management LLP 3.91% of their portfolio London, X0 23,40023.4k $34.4m $34.4m 3.91% Added +7.5k +7,500
76 Balboa Wealth Partners 0.02% of their portfolio SCOTTSDALE, AZ 23,00023.0k $33.9k $33.9k 0.02% Unchanged
77 NATIXIS 0.02% of their portfolio PARIS, I0 21,67121.7k $3.0m $3.0m 0.02% Unchanged
78 BUCKINGHAM STRATEGIC WEALTH, LLC 0.00% of their portfolio CLAYTON, MO 12,00012.0k $17.7k $17.7k 0.00% New
79 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 4,0004.0k $5.9k $5.9k 0.00% Unchanged
80 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,0003.0k $4.0k $4.0k 0.00% Unchanged
81 Alken Asset Management Ltd 0.01% of their portfolio LONDON, X0 350350 $514 $514 0.01% First filing
82 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged