Vault-13

PEGASYSTEMS INC PEGA 0.75 03.01.25

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

30 institutional holders -5 vs Q3 2024
20,046,00020.0m shares reported held*
$413.5mreported value*
4 new 8 added 8 reduced 9 sold out net sold ≈ $26.9m (+6.3m 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 ($138.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $20.64.

Trends to Q4 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: 31Q3 24: 35Q4 24: 3030Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202243
Q4 202237
Q1 202338
Q2 202332
Q3 202334
Q4 202334
Q1 202430
Q2 202431
Q3 202435
Q4 202430

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 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 24Q3 24: 20 bought or addedQ3 24: 14 cut or sold outQ4 24: 12 bought or addedQ4 24: 17 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20231416
Q2 2023917
Q3 20231315
Q4 2023109
Q1 20241417
Q2 20241014
Q3 20242014
Q4 20241217

Biggest buyers

BNP PARIBAS FINANCIAL MARKETS Added +20,589,000+20.6m
MOORE CAPITAL MANAGEMENT, LP New +8,000,000+8.0m
Aequim Alternative Investments LP New +5,000,000+5.0m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Added +3,000,000+3.0m
TRUIST FINANCIAL CORP Added +2,631,000+2.6m
WELLS FARGO & COMPANY/MN Added +2,597,000+2.6m
LAZARD ASSET MANAGEMENT LLC Added +1,483,000+1.5m
MORGAN STANLEY New +886,000+886.0k
FMR LLC Added +730,000+730.0k
JANE STREET GROUP, LLC New +729,000+729.0k

Biggest sellers

Balyasny Asset Management L.P. Sold out -47,861,000-47.9m
Wellesley Asset Management Reduced -6,531,000-6.5m
JPMORGAN CHASE & CO Sold out -4,532,000-4.5m
SCHRODER INVESTMENT MANAGEMENT GROUP Sold out -4,200,000-4.2m
OAKTREE CAPITAL MANAGEMENT LP Reduced -3,528,000-3.5m
SHENKMAN CAPITAL MANAGEMENT INC Sold out -2,015,000-2.0m
Russell Investments Group, Ltd. Reduced -1,720,000-1.7m
ROYAL BANK OF CANADA Reduced -1,065,000-1.1m
EDMOND DE ROTHSCHILD HOLDING S.A. Sold out -615,000-615.0k
STATE STREET CORP Reduced -500,000-500.0k

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Lynrock Lake LP 7.14% of their portfolio RYE BROOK, NY 104,099,000104.1m $103.5m $103.5m 7.14% Unchanged
2 OSTERWEIS CAPITAL MANAGEMENT INC 3.45% of their portfolio SAN FRANCISCO, CA 74,500,00074.5m $74.1m $74.1m 3.45% Unchanged
3 LAZARD ASSET MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 55,713,00055.7m $55.4m $55.4m 0.08% Added +1.5m +1,483,000
4 STEELHEAD PARTNERS LLC 1.72% of their portfolio SEATTLE, WA 34,496,00034.5m $34.2m $34.2m 1.72% Unchanged
5 Calamos Advisors LLC 0.11% of their portfolio NAPERVILLE, IL 24,625,00024.6m $24.4m $24.4m 0.11% Reduced -245.0k -245,000
6 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 22,399,00022.4m $22.2m $22.2m 0.02% Added +20.6m +20,589,000
7 PIPER SANDLER & CO. 8.24% of their portfolio MINNEAPOLIS, MN 10,885,00010.9m $10.8m $10.8m 8.24% Unchanged
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,505,00010.5m $10.4m $10.4m 0.00% Reduced -500.0k -500,000
9 Opti Capital Management, LP 0.44% of their portfolio New York, NY 10,000,00010.0m $9.9m $9.9m 0.44% Unchanged
10 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 9,500,0009.5m $9.3m $9.3m 0.02% Added +3.0m +3,000,000
11 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 9,230,0009.2m $9.2m $9.2m 0.00% Added +2.6m +2,597,000
12 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 8,712,0008.7m $8.6m $8.6m 0.01% Added +2.6m +2,631,000
13 MOORE CAPITAL MANAGEMENT, LP 0.15% of their portfolio NEW YORK, NY 8,000,0008.0m $7.9m $7.9m 0.15% New
14 FMR LLC 0.00% of their portfolio BOSTON, MA 5,002,0005.0m $4.9m $4.9m 0.00% Added +730.0k +730,000
15 Aequim Alternative Investments LP 0.16% of their portfolio MILL VALLEY, CA 5,000,0005.0m $5.0m $5.0m 0.16% New
16 OAKTREE CAPITAL MANAGEMENT LP 0.07% of their portfolio LOS ANGELES, CA 3,787,0003.8m $3.8m $3.8m 0.07% Reduced -3.5m -3,528,000
17 LORD, ABBETT & CO. LLC 0.01% of their portfolio JERSEY CITY, NJ 3,000,0003.0m $3.0m $3.0m 0.01% Unchanged
18 Wellesley Asset Management 0.28% of their portfolio PORTSMOUTH, NH 2,718,0002.7m $2.7m $2.7m 0.28% Reduced -6.5m -6,531,000
19 SSI INVESTMENT MANAGEMENT LLC 0.18% of their portfolio Los Angeles, CA 2,500,0002.5m $2.5m $2.5m 0.18% Unchanged
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,839,0001.8m $1.8m $1.8m 0.00% Reduced -1.1m -1,065,000
21 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,713,0001.7m $1.7m $1.7m 0.00% Reduced -1.7m -1,720,000
22 Quarry LP 0.33% of their portfolio NEW YORK, NY 1,700,0001.7m $1.7m $1.7m 0.33% Unchanged
23 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,615,0001.6m $1.6m $1.6m 0.00% Reduced -40.0k -40,000
24 Financial Sense Advisors, Inc. 0.37% of their portfolio SAN DIEGO, CA 1,105,0001.1m $1.1m $1.1m 0.37% Reduced -10.0k -10,000
25 Penn Mutual Asset Management 1.79% of their portfolio Conshohocken, PA 1,000,0001.0m $992.0k $992.0k 1.79% Added +500.0k +500,000
26 WESTWOOD HOLDINGS GROUP INC 0.01% of their portfolio DALLAS, TX 1,000,0001.0m $994.0k $994.0k 0.01% Unchanged
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 886,000886.0k $876.7k $876.7k 0.00% New
28 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 729,000729.0k $720.6k $720.6k 0.00% New
29 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 374,000374.0k $371.9k $371.9k 0.00% Added +222.0k +222,000
30 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged