Vault-13

PAR TECHNOLOGY CORP PAR 1.5 10.15.27

NOTE 1.500%10/1 · US DOMESTIC · CUSIP 698884AE3

23 institutional holders +1 vs Q1 2023
897,000897.0k shares reported held*
$210.3mreported value*
3 new 4 added 6 reduced 2 sold out net bought ≈ $2.3m (+151.0k 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 ≈ $234.48.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 18Q4 22: 18Q1 23: 22Q2 23: 2323Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202218
Q4 202218
Q1 202322
Q2 202323

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 5 bought or addedQ4 22: 5 cut or sold outQ4 22Q1 23: 11 bought or addedQ1 23: 5 cut or sold outQ1 23Q2 23: 7 bought or addedQ2 23: 8 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202255
Q1 2023115
Q2 202378

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. New +5,000,000+5.0m
READYSTATE ASSET MANAGEMENT LP Added +4,500,000+4.5m
Jefferies Financial Group Inc. Added +1,000,000+1.0m
WELLINGTON MANAGEMENT GROUP LLP Added +210,000+210.0k
JANE STREET GROUP, LLC Added +150,000+150.0k
BANK OF AMERICA CORP /DE/ New +75,000+75.0k
Alpine Global Management, LLC New +1,000+1.0k

Biggest sellers

HBK INVESTMENTS L P Reduced -3,000,000-3.0m
CITADEL ADVISORS LLC Reduced -2,500,000-2.5m
SILVERBACK ASSET MANAGEMENT LLC Reduced -1,285,000-1.3m
PRELUDE CAPITAL MANAGEMENT, LLC Sold out -500,000-500.0k
FMR LLC Reduced -475,000-475.0k
BlackRock Inc. Reduced -150,000-150.0k
NOMURA HOLDINGS INC Sold out -121,861-121.9k
Context Capital Management, LLC Reduced -3,500-3.5k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CITADEL ADVISORS LLC 0.06% of their portfolio MIAMI, FL 63,317,00063.3m $50.3m $50.3m 0.06% Reduced -2.5m -2,500,000
2 Linden Advisors LP 0.52% of their portfolio New York, NY 62,575,00062.6m $49.7m $49.7m 0.52% Unchanged
3 WOLVERINE ASSET MANAGEMENT LLC 0.37% of their portfolio CHICAGO, IL 24,573,00024.6m $19.5m $19.5m 0.37% Unchanged
4 HBK INVESTMENTS L P 0.55% of their portfolio DALLAS, TX 21,750,00021.8m $17.3m $17.3m 0.55% Reduced -3.0m -3,000,000
5 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 18,500,00018.5m $14.7m $14.7m 0.02% Unchanged
6 READYSTATE ASSET MANAGEMENT LP 1.26% of their portfolio CHICAGO, IL 16,000,00016.0m $12.7m $12.7m 1.26% Added +4.5m +4,500,000
7 CAMDEN ASSET MANAGEMENT L P /CA 0.44% of their portfolio Los Angeles, CA 15,993,00016.0m $12.6m $12.6m 0.44% Unchanged
8 SILVERBACK ASSET MANAGEMENT LLC 0.87% of their portfolio DURHAM, NC 8,065,0008.1m $6.4m $6.4m 0.87% Reduced -1.3m -1,285,000
9 CAPSTONE INVESTMENT ADVISORS, LLC 0.13% of their portfolio NEW YORK, NY 5,500,0005.5m $4.4m $4.4m 0.13% Unchanged
10 TENOR CAPITAL MANAGEMENT Co., L.P. 0.08% of their portfolio NEW YORK, NY 5,000,0005.0m $4.0m $4.0m 0.08% New
11 Jefferies Financial Group Inc. 0.08% of their portfolio NEW YORK, NY 4,730,0004.7m $3.7m $3.7m 0.08% Added +1.0m +1,000,000
12 BlackRock Inc. 0.00% of their portfolio New York, NY 1,550,0001.6m $1.2m $1.2m 0.00% Reduced -150.0k -150,000
13 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 764,000764.0k $606.4k $606.4k 0.00% Added +210.0k +210,000
14 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 696,000696.0k $556.1k $556.1k 0.00% Added +150.0k +150,000
15 FMR LLC 0.00% of their portfolio BOSTON, MA 475,000475.0k $375.5k $375.5k 0.00% Reduced -475.0k -475,000
16 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 400,000400.0k $318.4k $318.4k 0.00% Unchanged
17 GABELLI FUNDS LLC 0.00% of their portfolio Rye, NY 300,000300.0k $238.8k $238.8k 0.00% Unchanged
18 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $161.0k $161.0k 0.00% Unchanged
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 75,00075.0k $59.3k $59.3k 0.00% New
20 Context Capital Management, LLC 0.95% of their portfolio LAJOLLA, CA 13,26213.3k $10.6m $10.6m 0.95% Reduced -3.5k -3,500
21 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 2,7702.8k $221.0k $221.0k 0.00% Unchanged
22 Alpine Global Management, LLC 0.11% of their portfolio NEW YORK, NY 1,0001.0k $790.5k $790.5k 0.11% New
23 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged