Vault-13

PEGASYSTEMS INC PEGA 0.75 03.01.25

NOTE 0.750% 3/0 · US DOMESTIC · CUSIP 705573AB9

31 institutional holders +1 vs Q1 2024
8,500,0008.5m shares reported held*
$555.9mreported value*
6 new 4 added 9 reduced 5 sold out net sold ≈ $15.7m (+3.3m 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 ≈ $65.40.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 43Q4 22: 37Q1 23: 38Q2 23: 32Q3 23: 34Q4 23: 34Q1 24: 30Q2 24: 3131Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202243
Q4 202237
Q1 202338
Q2 202332
Q3 202334
Q4 202334
Q1 202430
Q2 202431

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 9 bought or addedQ4 22: 21 cut or sold outQ4 22Q1 23: 14 bought or addedQ1 23: 16 cut or sold outQ2 23: 9 bought or addedQ2 23: 17 cut or sold outQ2 23Q3 23: 13 bought or addedQ3 23: 15 cut or sold outQ4 23: 10 bought or addedQ4 23: 9 cut or sold outQ4 23Q1 24: 14 bought or addedQ1 24: 17 cut or sold outQ2 24: 10 bought or addedQ2 24: 14 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022921
Q1 20231416
Q2 2023917
Q3 20231315
Q4 2023109
Q1 20241417
Q2 20241014

Biggest buyers

OSTERWEIS CAPITAL MANAGEMENT INC New +70,000,000+70.0m
MILLENNIUM MANAGEMENT LLC Added +10,996,000+11.0m
Opti Capital Management, LP New +10,000,000+10.0m
Balyasny Asset Management L.P. Added +7,500,000+7.5m
BANK OF AMERICA CORP /DE/ Added +5,282,000+5.3m
TRUIST FINANCIAL CORP Added +3,600,000+3.6m
Quarry LP New +1,350,000+1.4m
WESTWOOD HOLDINGS GROUP INC New +1,000,000+1.0m
Penn Mutual Asset Management New +500,000+500.0k
Jefferies Financial Group Inc. New +300,000+300.0k

Biggest sellers

Lynrock Lake LP Reduced -71,700,000-71.7m
Fort Baker Capital Management LP Sold out -22,496,000-22.5m
Linden Advisors LP Reduced -13,000,000-13.0m
JPMORGAN CHASE & CO Sold out -9,166,000-9.2m
BlackRock Inc. Sold out -3,832,000-3.8m
WELLS FARGO & COMPANY/MN Reduced -2,820,000-2.8m
FMR LLC Reduced -1,200,000-1.2m
BNP PARIBAS FINANCIAL MARKETS Reduced -1,000,000-1.0m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -743,000-743.0k
Bank of New York Mellon Corp Sold out -300,000-300.0k

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Lynrock Lake LP 7.53% of their portfolio RYE BROOK, NY 119,099,000119.1m $115.0m $115.0m 7.53% Reduced -71.7m -71,700,000
2 OSTERWEIS CAPITAL MANAGEMENT INC 3.49% of their portfolio SAN FRANCISCO, CA 70,000,00070.0m $67.6m $67.6m 3.49% New
3 LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 54,230,00054.2m $52.4m $52.4m 0.07% Reduced -76.0k -76,000
4 Balyasny Asset Management L.P. 0.11% of their portfolio Chicago, IL 42,500,00042.5m $41.1m $41.1m 0.11% Added +7.5m +7,500,000
5 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 36,496,00036.5m $35.2m $35.2m 0.03% Added +11.0m +10,996,000
6 Linden Advisors LP 0.27% of their portfolio New York, NY 33,045,00033.0m $31.9m $31.9m 0.27% Reduced -13.0m -13,000,000
7 Calamos Advisors LLC 0.12% of their portfolio NAPERVILLE, IL 24,858,00024.9m $24.0m $24.0m 0.12% Unchanged
8 FMR LLC 0.00% of their portfolio BOSTON, MA 18,565,00018.6m $17.8m $17.8m 0.00% Reduced -1.2m -1,200,000
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,305,00010.3m $10.0m $10.0m 0.00% Unchanged
10 Opti Capital Management, LP 0.72% of their portfolio New York, NY 10,000,00010.0m $9.7m $9.7m 0.72% New
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5,356,0005.4m $5.1m $5.1m 0.00% Added +5.3m +5,282,000
12 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 4,587,0004.6m $4.4m $4.4m 0.00% Reduced -2.8m -2,820,000
13 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,500,0004.5m $4.3m $4.3m 0.01% Unchanged
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,900,0003.9m $3.7m $3.7m 0.00% Unchanged
15 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 3,700,0003.7m $3.6m $3.6m 0.00% Unchanged
16 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 3,636,0003.6m $3.5m $3.5m 0.01% Added +3.6m +3,600,000
17 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 2,020,0002.0m $1.9m $1.9m 0.00% Unchanged
18 SHENKMAN CAPITAL MANAGEMENT INC 0.17% of their portfolio NEW YORK, NY 2,015,0002.0m $2.0m $2.0m 0.17% Reduced -743.0k -743,000
19 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,500,0001.5m $1.4m $1.4m 0.00% Reduced -1.0m -1,000,000
20 Quarry LP 0.27% of their portfolio NEW YORK, NY 1,350,0001.4m $1.3m $1.3m 0.27% New
21 EDMOND DE ROTHSCHILD HOLDING S.A. 0.02% of their portfolio CHAMBESY, V8 1,075,0001.1m $1.0m $1.0m 0.02% Reduced -50.0k -50,000
22 WESTWOOD HOLDINGS GROUP INC 0.45% of their portfolio DALLAS, TX 1,000,0001.0m $96.1m $96.1m 0.45% New
23 Penn Mutual Asset Management 1.02% of their portfolio Conshohocken, PA 500,000500.0k $481.7k $481.7k 1.02% New
24 Liberty Mutual Group Asset Management Inc. 0.05% of their portfolio Boston, MA 350,000350.0k $336.4k $336.4k 0.05% Unchanged
25 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 300,000300.0k $289.4k $289.4k 0.01% New
26 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 183,000183.0k $175.9k $175.9k 0.00% Unchanged
27 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 167,000167.0k $161.3k $161.3k 0.00% Unchanged
28 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 88,00088.0k $84.6k $84.6k 0.00% Reduced -176.0k -176,000
29 Context Capital Management, LLC 0.76% of their portfolio LAJOLLA, CA 21,92921.9k $21.2m $21.2m 0.76% Unchanged
30 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 14,00014.0k $13.5k $13.5k 0.00% Unchanged
31 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged