Vault-13

PALO ALTO NETWORKS INC PANW 0.375 06.01.25

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

65 institutional holders -7 vs Q2 2024
101,039,172101.0m shares reported held*
$2.4bnreported value*
5 new 10 added 31 reduced 11 sold out net sold ≈ $785.8m (+83.4m 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 ≈ $23.92.

Trends to Q3 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: 72Q3 24: 6565Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 202276
Q4 202282
Q1 202387
Q2 202385
Q3 202385
Q4 202385
Q1 202477
Q2 202472
Q3 202465

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 outQ1 23: 38 bought or addedQ1 23: 37 cut or sold outQ1 23Q2 23: 27 bought or addedQ2 23: 53 cut or sold outQ3 23: 30 bought or addedQ3 23: 38 cut or sold outQ3 23Q4 23: 32 bought or addedQ4 23: 40 cut or sold outQ1 24: 25 bought or addedQ1 24: 56 cut or sold outQ1 24Q2 24: 13 bought or addedQ2 24: 47 cut or sold outQ3 24: 15 bought or addedQ3 24: 42 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223229
Q1 20233837
Q2 20232753
Q3 20233038
Q4 20233240
Q1 20242556
Q2 20241347
Q3 20241542

Biggest buyers

BANK OF NOVA SCOTIA New +92,130,000+92.1m
BANK OF MONTREAL /CAN/ Added +6,474,000+6.5m
D. E. Shaw & Co., Inc. Added +5,643,000+5.6m
FMR LLC Added +1,199,000+1.2m
CITIGROUP INC Added +786,000+786.0k
MORGAN STANLEY Added +666,000+666.0k
ABN AMRO INVESTMENT SOLUTIONS New +150,000+150.0k
AGF MANAGEMENT LTD Added +150,000+150.0k
DNCA FINANCE Added +90,000+90.0k
&PARTNERS Added +22,000+22.0k

Biggest sellers

Shaolin Capital Management LLC Reduced -114,150,000-114.2m
BANK OF NOVA SCOTIA Sold out -71,163,000-71.2m
Elequin Capital, LP Reduced -39,297,000-39.3m
Daiwa Securities Group Inc. Sold out -24,079,000-24.1m
BNP PARIBAS FINANCIAL MARKETS Reduced -20,521,000-20.5m
MacKay Shields LLC Reduced -11,639,000-11.6m
BANK OF AMERICA CORP /DE/ Reduced -9,534,000-9.5m
LORD, ABBETT & CO. LLC Reduced -8,272,000-8.3m
Calamos Advisors LLC Reduced -6,415,000-6.4m
Warberg Asset Management LLC Reduced -6,354,000-6.4m

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Shaolin Capital Management LLC 24.90% of their portfolio Miami, FL 167,000,000167.0m $574.1m $574.1m 24.90% Reduced -114.2m -114,150,000
2 Calamos Advisors LLC 1.77% of their portfolio NAPERVILLE, IL 110,016,000110.0m $378.2m $378.2m 1.77% Reduced -6.4m -6,415,000
3 D. E. Shaw & Co., Inc. 0.42% of their portfolio New York, NY 92,682,00092.7m $318.6m $318.6m 0.42% Added +5.6m +5,643,000
4 BANK OF NOVA SCOTIA 0.64% of their portfolio TORONTO, A6 92,130,00092.1m $317.3m $317.3m 0.64% New
5 Alberta Investment Management Corp 0.74% of their portfolio EDMONTON, A0 25,000,00025.0m $86.0m $86.0m 0.74% Unchanged
6 LAZARD ASSET MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 19,509,00019.5m $67.1m $67.1m 0.09% Reduced -2.5m -2,484,000
7 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 16,498,00016.5m $56.8m $56.8m 0.00% Reduced -5.0m -4,950,000
8 MacKay Shields LLC 1.32% of their portfolio New York, NY 14,026,00014.0m $48.3m $48.3m 1.32% Reduced -11.6m -11,639,000
9 FMR LLC 0.00% of their portfolio BOSTON, MA 13,589,00013.6m $46.7m $46.7m 0.00% Added +1.2m +1,199,000
10 VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio ATLANTA, GA 13,510,00013.5m $46.5m $46.5m 0.05% Reduced -3.5m -3,455,000
11 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 11,283,00011.3m $38.1m $38.1m 0.02% Added +6.5m +6,474,000
12 ONTARIO TEACHERS PENSION PLAN BOARD 0.31% of their portfolio Toronto, A6 10,360,00010.4m $35.0m $35.0m 0.31% Unchanged
13 Parallax Volatility Advisers, L.P. 0.89% of their portfolio San Francisco, CA 10,000,00010.0m $34.4m $34.4m 0.89% Unchanged
14 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 8,109,0008.1m $27.9m $27.9m 0.03% Reduced -20.5m -20,521,000
15 LORD, ABBETT & CO. LLC 0.07% of their portfolio JERSEY CITY, NJ 6,768,0006.8m $23.3m $23.3m 0.07% Reduced -8.3m -8,272,000
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 6,688,0006.7m $23.0m $23.0m 0.00% First filing
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,343,9006.3m $21.8m $21.8m 0.00% Reduced -9.5m -9,534,000
18 SSI INVESTMENT MANAGEMENT LLC 1.29% of their portfolio Los Angeles, CA 5,095,0005.1m $17.5m $17.5m 1.29% Reduced -145.0k -145,000
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,998,0005.0m $16.9m $16.9m 0.00% Reduced -1.7m -1,722,000
20 Elequin Capital, LP 1.67% of their portfolio NEW YORK, NY 4,268,0004.3m $14.7m $14.7m 1.67% Reduced -39.3m -39,297,000
21 DLD Asset Management, LP 2.22% of their portfolio NEW YORK, NY 4,000,0004.0m $13.7m $13.7m 2.22% Unchanged
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,715,0002.7m $9.3m $9.3m 0.00% Added +666.0k +666,000
23 Warberg Asset Management LLC 2.51% of their portfolio WINNETKA, IL 2,666,0002.7m $9.2m $9.2m 2.51% Reduced -6.4m -6,354,000
24 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 2,598,0002.6m $8.9m $8.9m 0.00% Reduced -1.5m -1,500,000
25 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 2,060,0002.1m $7.8m $7.8m 0.00% Reduced -633.0k -633,000
26 AXA S.A. 0.01% of their portfolio PARIS, I0 1,450,0001.4m $5.0m $5.0m 0.01% Reduced -1.4m -1,450,000
27 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,300,0001.3m $4.5m $4.5m 0.00% Unchanged
28 PALISADE CAPITAL MANAGEMENT, LP 0.11% of their portfolio FORT LEE, NJ 1,206,0001.2m $4.1m $4.1m 0.11% Reduced -250.0k -250,000
29 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 850,000850.0k $2.9m $2.9m 0.01% Added +150.0k +150,000
30 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 805,000805.0k $2.8m $2.8m 0.00% Added +786.0k +786,000
31 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 673,000673.0k $2.3m $2.3m 0.00% Reduced -255.0k -255,000
32 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 529,000529.0k $1.8m $1.8m 0.00% Reduced -562.0k -562,000
33 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 500,000500.0k $1.7m $1.7m 0.00% Unchanged
34 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 450,000450.0k $1.5m $1.5m 0.00% Unchanged
35 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 400,000400.0k $1.4m $1.4m 0.00% Reduced -100.0k -100,000
36 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% Unchanged
37 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 350,000350.0k $1.2m $1.2m 0.00% Reduced -150.0k -150,000
38 NOMURA HOLDINGS INC 0.87% of their portfolio TOKYO, M0 336,030336.0k $114.9m $114.9m 0.87% Unchanged
39 Central Pacific Bank - Trust Division 0.12% of their portfolio HONOLULU, HI 286,000286.0k $982.7k $982.7k 0.12% Unchanged
40 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 271,000271.0k $932.5k $932.5k 0.00% Reduced -17.0k -17,000
41 DNCA FINANCE 0.08% of their portfolio PARIS, I0 270,000270.0k $928.3k $928.3k 0.08% Added +90.0k +90,000
42 Fox Hill Wealth Management 0.31% of their portfolio DEDHAM, MA 164,000164.0k $564.7k $564.7k 0.31% Unchanged
43 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 150,000150.0k $516.3k $516.3k 0.01% New
44 Calamos Wealth Management LLC 0.02% of their portfolio NAPERVILLE, IL 112,000112.0k $385.1k $385.1k 0.02% Reduced -20.0k -20,000
45 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 95,00095.0k $326.7k $326.7k 0.00% Unchanged
46 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 80,00080.0k $274.9k $274.9k 0.01% Unchanged
47 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 75,00075.0k $257.7k $257.7k 0.00% Reduced -60.0k -60,000
48 Amundi 0.00% of their portfolio Paris, I0 70,00070.0k $249.9k $249.9k 0.00% Reduced -30.0k -30,000
49 LOOMIS SAYLES & CO L P 0.03% of their portfolio BOSTON, MA 67,89367.9k $23.2m $23.2m 0.03% Reduced -2.6k -2,571
50 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 56,00056.0k $192.4k $192.4k 0.00% Reduced -59.0k -59,000
51 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 51,00051.0k $175.2k $175.2k 0.00% Added +22.0k +22,000
52 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 32,00032.0k $110.0k $110.0k 0.00% Reduced -29.0k -29,000
53 Virtus Investment Advisers, LLC 0.07% of their portfolio HARTFORD, CT 25,00025.0k $85.9k $85.9k 0.07% Reduced -7.0k -7,000
54 PIPER SANDLER & CO. 0.03% of their portfolio MINNEAPOLIS, MN 11,00011.0k $37.8k $37.8k 0.03% Reduced -673.0k -673,000
55 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 9,0009.0k $30.9k $30.9k 0.00% Reduced -2.0m -2,009,000
56 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 5,0005.0k $17.0k $17.0k 0.00% Unchanged
57 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,0004.0k $14.0k $14.0k 0.00% Unchanged
58 COMERICA BANK 0.00% of their portfolio DALLAS, TX 3,0003.0k $10.3k $10.3k 0.00% New
59 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,5001.5k $5.2k $5.2k 0.00% Added +500 +500
60 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,0001.0k $3.4k $3.4k 0.00% New
61 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0001.0k $3.4k $3.4k 0.00% Unchanged
62 Alken Asset Management Ltd 0.07% of their portfolio LONDON, X0 700700 $2.4k $2.4k 0.07% Unchanged
63 LAFFER TENGLER INVESTMENTS, INC. 0.17% of their portfolio Scottsdale, AZ 249249 $856.6k $856.6k 0.17% Added +4 +4
64 Candriam S.C.A. 0.00% of their portfolio STRASSEN, N4 150150 $515.7k $515.7k 0.00% New
65 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged