Vault-13

PARATEK PHARMACEUTICALS INC PRTK 4.75 05.01.24

NOTE 4.750% 5/0 · US DOMESTIC · CUSIP 699374AB0

19 institutional holders -2 vs Q1 2023
5,255,0005.3m shares reported held*
$106.6mreported value*
3 new 3 added 4 reduced 5 sold out net sold ≈ $6.6m (+5.2m 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 ($5.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $21.41.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 21Q4 22: 21Q1 23: 21Q2 23: 1919Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202221
Q4 202221
Q1 202321
Q2 202319

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q4 22: 5 bought or addedQ4 22: 5 cut or sold outQ4 22Q1 23: 5 bought or addedQ1 23: 5 cut or sold outQ1 23Q2 23: 6 bought or addedQ2 23: 9 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202255
Q1 202355
Q2 202369

Biggest buyers

Westchester Capital Management, LLC New +5,150,000+5.2m
DeepCurrents Investment Group LLC Added +3,250,000+3.2m
WATER ISLAND CAPITAL LLC Added +2,500,000+2.5m
ROYAL BANK OF CANADA New +1,185,000+1.2m
Regal Investment Advisors LLC New +55,000+55.0k
Verition Fund Management LLC Added +1,565+1.6k

Biggest sellers

SILVERBACK ASSET MANAGEMENT LLC Sold out -7,907,000-7.9m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -5,369,000-5.4m
AGF MANAGEMENT LTD Sold out -3,750,000-3.8m
PenderFund Capital Management Ltd. Reduced -2,500,000-2.5m
MACQUARIE GROUP LTD Reduced -1,000,000-1.0m
GABELLI FUNDS LLC Sold out -750,000-750.0k
PALISADE CAPITAL MANAGEMENT, LP Reduced -79,000-79.0k
Regal Investment Advisors LLC Sold out -55,000-55.0k
Advisor Resource Council Sold out -10,000-10.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.99% of their portfolio NEW YORK, NY 34,893,00034.9m $34.2m $34.2m 1.99% Reduced -5.4m -5,369,000
2 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.52% of their portfolio CHICAGO, IL 25,000,00025.0m $24.4m $24.4m 0.52% Unchanged
3 DeepCurrents Investment Group LLC 0.79% of their portfolio NEW YORK, NY 18,721,00018.7m $18.3m $18.3m 0.79% Added +3.2m +3,250,000
4 PenderFund Capital Management Ltd. 5.34% of their portfolio VANCOUVER, A1 13,010,00013.0m $17.2k $17.2k 5.34% Reduced -2.5m -2,500,000
5 Athyrium Capital Management, LP 5.74% of their portfolio New York, NY 9,000,0009.0m $8.8m $8.8m 5.74% Unchanged
6 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 5,359,0005.4m $5.3m $5.3m 0.01% Reduced -1.0m -1,000,000
7 Westchester Capital Management, LLC 0.18% of their portfolio VALHALLA, NY 5,150,0005.2m $5.1m $5.1m 0.18% New
8 WATER ISLAND CAPITAL LLC 0.44% of their portfolio NEW YORK, NY 4,750,0004.8m $4.7m $4.7m 0.44% Added +2.5m +2,500,000
9 PALISADE CAPITAL MANAGEMENT, LP 0.09% of their portfolio FORT LEE, NJ 3,368,0003.4m $3.3m $3.3m 0.09% Reduced -79.0k -79,000
10 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,185,0001.2m $1.2m $1.2m 0.00% New
11 L & S Advisors Inc 0.12% of their portfolio Los Angeles, CA 935,000935.0k $915.5k $915.5k 0.12% Unchanged
12 Sculati Wealth Management, LLC 0.10% of their portfolio Bloomfield Hills, MI 200,000200.0k $195.8k $195.8k 0.10% Unchanged
13 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 100,000100.0k $97.9k $97.9k 0.00% Unchanged
14 Regal Investment Advisors LLC 0.00% of their portfolio KENTWOOD, MI 55,00055.0k $54.3k $54.3k 0.00% New
15 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 50,00050.0k $49.0k $49.0k 0.00% Unchanged
16 D'Orazio & Associates, Inc. 0.01% of their portfolio VIENNA, VA 50,00050.0k $49.4k $49.4k 0.01% Unchanged
17 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 25,00025.0k $24.5k $24.5k 0.01% Unchanged
18 Verition Fund Management LLC 0.09% of their portfolio GREENWICH, CT 5,9866.0k $5.9m $5.9m 0.09% Added +1.6k +1,565
19 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged