Vault-13

PALO ALTO NETWORKS INC PANW 0.375 06.01.25

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

72 institutional holders -5 vs Q1 2024
18,806,73918.8m shares reported held*
$3.2bnreported value*
4 new 9 added 38 reduced 9 sold out net sold ≈ $806.6m (-3.1m 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. Holder counts are more reliable. Implied quarter-end price ≈ $169.49.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 76Q4 22: 82Q1 23: 87Q2 23: 85Q3 23: 85Q4 23: 85Q1 24: 77Q2 24: 7272Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202276
Q4 202282
Q1 202387
Q2 202385
Q3 202385
Q4 202385
Q1 202477
Q2 202472

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 32 bought or addedQ4 22: 29 cut or sold outQ4 22Q1 23: 38 bought or addedQ1 23: 37 cut or sold outQ2 23: 27 bought or addedQ2 23: 53 cut or sold outQ2 23Q3 23: 30 bought or addedQ3 23: 38 cut or sold outQ4 23: 32 bought or addedQ4 23: 40 cut or sold outQ4 23Q1 24: 25 bought or addedQ1 24: 56 cut or sold outQ2 24: 13 bought or addedQ2 24: 47 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223229
Q1 20233837
Q2 20232753
Q3 20233038
Q4 20233240
Q1 20242556
Q2 20241347

Biggest buyers

BANK OF NOVA SCOTIA Added +22,117,000+22.1m
BANK OF AMERICA CORP /DE/ Added +9,054,900+9.1m
AXA S.A. Added +1,350,000+1.4m
BARCLAYS PLC Added +1,054,000+1.1m
VOYA INVESTMENT MANAGEMENT LLC Added +1,000,000+1.0m
Jefferies Financial Group Inc. Added +118,000+118.0k
OPPENHEIMER ASSET MANAGEMENT INC. Added +44,000+44.0k
&PARTNERS New +29,000+29.0k
RAYMOND JAMES & ASSOCIATES New +17,000+17.0k
LOOMIS SAYLES & CO L P Added +14,467+14.5k

Biggest sellers

Shaolin Capital Management LLC Reduced -62,610,000-62.6m
Portman Square Capital LLP Sold out -47,400,000-47.4m
Elequin Capital, LP Reduced -32,766,000-32.8m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -23,700,000-23.7m
Daiwa Securities Group Inc. Reduced -23,531,000-23.5m
PIPER SANDLER & CO. Reduced -17,340,000-17.3m
Skaana Management L.P. Sold out -10,000,000-10.0m
Warberg Asset Management LLC Reduced -9,953,000-10.0m
STATE STREET CORP Reduced -7,650,000-7.7m
JPMORGAN CHASE & CO Reduced -5,326,000-5.3m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Shaolin Capital Management LLC 29.46% of their portfolio Miami, FL 281,150,000281.1m $958.5m $958.5m 29.46% Reduced -62.6m -62,610,000
2 Calamos Advisors LLC 1.93% of their portfolio NAPERVILLE, IL 116,431,000116.4m $397.0m $397.0m 1.93% Reduced -31.0k -31,000
3 D. E. Shaw & Co., Inc. 0.42% of their portfolio New York, NY 87,039,00087.0m $296.7m $296.7m 0.42% Unchanged
4 BANK OF NOVA SCOTIA 0.47% of their portfolio TORONTO, A6 71,163,00071.2m $241.4m $241.4m 0.47% Added +22.1m +22,117,000
5 Elequin Capital, LP 39.25% of their portfolio NEW YORK, NY 43,565,00043.6m $148.3m $148.3m 39.25% Reduced -32.8m -32,766,000
6 BNP PARIBAS FINANCIAL MARKETS 0.11% of their portfolio PARIS, I0 28,630,00028.6m $97.5m $97.5m 0.11% Reduced -1.8m -1,838,000
7 MacKay Shields LLC 2.66% of their portfolio New York, NY 25,665,00025.7m $87.6m $87.6m 2.66% Reduced -204.0k -204,000
8 Alberta Investment Management Corp 0.90% of their portfolio EDMONTON, A0 25,000,00025.0m $85.3m $85.3m 0.90% Unchanged
9 Daiwa Securities Group Inc. 0.44% of their portfolio CHIYODA-KU,TOKYO, M0 24,079,00024.1m $82.1m $82.1m 0.44% Reduced -23.5m -23,531,000
10 LAZARD ASSET MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 21,993,00022.0m $75.0m $75.0m 0.09% Reduced -662.0k -662,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 21,448,00021.4m $73.1m $73.1m 0.00% Reduced -7.7m -7,650,000
12 VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio ATLANTA, GA 16,965,00017.0m $57.9m $57.9m 0.06% Added +1.0m +1,000,000
13 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 15,877,90015.9m $54.1m $54.1m 0.01% Added +9.1m +9,054,900
14 LORD, ABBETT & CO. LLC 0.08% of their portfolio JERSEY CITY, NJ 15,040,00015.0m $51.3m $51.3m 0.08% Reduced -2.3m -2,274,000
15 FMR LLC 0.00% of their portfolio BOSTON, MA 12,390,00012.4m $42.2m $42.2m 0.00% Reduced -3.5m -3,458,000
16 ONTARIO TEACHERS PENSION PLAN BOARD 0.35% of their portfolio Toronto, A6 10,360,00010.4m $35.5m $35.5m 0.35% Unchanged
17 Parallax Volatility Advisers, L.P. 0.87% of their portfolio San Francisco, CA 10,000,00010.0m $34.1m $34.1m 0.87% Unchanged
18 Warberg Asset Management LLC 8.17% of their portfolio WINNETKA, IL 9,020,0009.0m $30.8m $30.8m 8.17% Reduced -10.0m -9,953,000
19 BlackRock Inc. 0.00% of their portfolio New York, NY 8,488,0008.5m $28.9m $28.9m 0.00% Reduced -3.1m -3,100,000
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,720,0006.7m $22.9m $22.9m 0.00% Reduced -5.3m -5,326,000
21 SSI INVESTMENT MANAGEMENT LLC 1.37% of their portfolio Los Angeles, CA 5,240,0005.2m $17.9m $17.9m 1.37% Reduced -1.1m -1,098,000
22 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 4,809,0004.8m $16.5m $16.5m 0.00% Reduced -3.0m -3,014,000
23 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 4,098,0004.1m $14.0m $14.0m 0.00% Reduced -4.2m -4,150,000
24 DLD Asset Management, LP 3.19% of their portfolio NEW YORK, NY 4,000,0004.0m $13.6m $13.6m 3.19% Unchanged
25 ADVENT CAPITAL MANAGEMENT /DE/ 0.28% of their portfolio NEW YORK, NY 3,422,0003.4m $11.7m $11.7m 0.28% Reduced -2.3m -2,276,000
26 AXA S.A. 0.01% of their portfolio PARIS, I0 2,900,0002.9m $9.9m $9.9m 0.01% Added +1.4m +1,350,000
27 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 2,693,0002.7m $9.2m $9.2m 0.00% Reduced -338.0k -338,000
28 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,049,0002.0m $7.0m $7.0m 0.00% Reduced -2.7m -2,703,000
29 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,018,0002.0m $6.9m $6.9m 0.00% Added +1.1m +1,054,000
30 PALISADE CAPITAL MANAGEMENT, LP 0.13% of their portfolio FORT LEE, NJ 1,456,0001.5m $5.0m $5.0m 0.13% Unchanged
31 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,300,0001.3m $4.4m $4.4m 0.00% Reduced -2.6m -2,600,000
32 OFI INVEST ASSET MANAGEMENT 0.10% of their portfolio ISSY LES MOULINEAUX, I0 1,200,0001.2m $3.8m $3.8m 0.10% Reduced -1.2k -1,200
33 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,091,0001.1m $3.7m $3.7m 0.00% Reduced -146.0k -146,000
34 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 928,000928.0k $3.2m $3.2m 0.00% Reduced -295.0k -295,000
35 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 700,000700.0k $2.4m $2.4m 0.01% Reduced -625.0k -625,000
36 PIPER SANDLER & CO. 1.13% of their portfolio MINNEAPOLIS, MN 684,000684.0k $1.4m $1.4m 1.13% Reduced -17.3m -17,340,000
37 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 500,000500.0k $1.7m $1.7m 0.00% Reduced -100.0k -100,000
38 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 500,000500.0k $1.7m $1.7m 0.00% Reduced -23.7m -23,700,000
39 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $1.7m $1.7m 0.00% Reduced -250.0k -250,000
40 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 450,000450.0k $1.5m $1.5m 0.00% Unchanged
41 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 400,000400.0k $1.4m $1.4m 0.00% Reduced -100.0k -100,000
42 GROUPAMA ASSET MANAGMENT 0.02% of their portfolio PARIS, I0 350,000350.0k $1.2m $1.2m 0.02% Unchanged
43 NOMURA HOLDINGS INC 0.73% of their portfolio TOKYO, M0 336,030336.0k $113.9m $113.9m 0.73% Reduced -20.9k -20,918
44 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 288,000288.0k $982.7k $982.7k 0.00% Reduced -100.0k -100,000
45 Central Pacific Bank - Trust Division 0.12% of their portfolio HONOLULU, HI 286,000286.0k $974.5k $974.5k 0.12% Reduced -55.0k -55,000
46 Liberty Mutual Group Asset Management Inc. 0.10% of their portfolio Boston, MA 200,000200.0k $681.4k $681.4k 0.10% Unchanged
47 DNCA FINANCE 0.05% of their portfolio PARIS, I0 180,000180.0k $613.7k $613.7k 0.05% First filing
48 Fox Hill Wealth Management 0.34% of their portfolio DEDHAM, MA 164,000164.0k $558.8k $558.8k 0.34% Unchanged
49 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 135,000135.0k $460.0k $460.0k 0.00% Unchanged
50 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 133,000133.0k $453.3k $453.3k 0.01% Added +118.0k +118,000
51 Calamos Wealth Management LLC 0.02% of their portfolio NAPERVILLE, IL 132,000132.0k $450.1k $450.1k 0.02% Added +4.0k +4,000
52 OPPENHEIMER ASSET MANAGEMENT INC. 0.01% of their portfolio NEW YORK, NY 115,000115.0k $391.8k $391.8k 0.01% Added +44.0k +44,000
53 Amundi 0.00% of their portfolio Paris, I0 100,000100.0k $343.0k $343.0k 0.00% Unchanged
54 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 95,00095.0k $323.9k $323.9k 0.00% Unchanged
55 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 80,00080.0k $272.6k $272.6k 0.01% Reduced -69.0k -69,000
56 LOOMIS SAYLES & CO L P 0.03% of their portfolio BOSTON, MA 70,46470.5k $23.9m $23.9m 0.03% Added +14.5k +14,467
57 EDMOND DE ROTHSCHILD HOLDING S.A. 0.00% of their portfolio CHAMBESY, V8 65,00065.0k $221.6k $221.6k 0.00% Unchanged
58 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 61,00061.0k $207.8k $207.8k 0.00% Reduced -2.0k -2,000
59 Virtus Investment Advisers, LLC 0.09% of their portfolio HARTFORD, CT 32,00032.0k $109.0k $109.0k 0.09% Unchanged
60 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 29,00029.0k $98.8k $98.8k 0.00% New
61 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 21,00021.0k $71.6k $71.6k 0.00% Unchanged
62 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 19,00019.0k $64.7k $64.7k 0.00% Reduced -523.0k -523,000
63 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 17,00017.0k $57.9k $57.9k 0.00% New
64 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 5,0005.0k $17.0k $17.0k 0.00% Unchanged
65 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 4,4404.4k $1.5m $1.5m 0.01% Reduced -1.8k -1,840
66 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,0004.0k $14.0k $14.0k 0.00% Reduced -8.0k -8,000
67 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0001.0k $3.4k $3.4k 0.00% New
68 COMERICA BANK 0.00% of their portfolio DALLAS, TX 1,0001.0k $3.4k $3.4k 0.00% Unchanged
69 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0001.0k $3.4k $3.4k 0.00% New
70 Alken Asset Management Ltd 0.04% of their portfolio LONDON, X0 700700 $2.4k $2.4k 0.04% Unchanged
71 LAFFER TENGLER INVESTMENTS, INC. 0.18% of their portfolio Scottsdale, AZ 245245 $835.3k $835.3k 0.18% Reduced -49 -49
72 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged