PETIQ INC PETQ 4 06.01.26
NOTE 4.000% 6/0 · US DOMESTIC · CUSIP 71639TAB2
24
institutional holders
+0 vs Q4 2023
10.9m
shares reported held*
$158.4mreported value*
4 new
6 added
4 reduced
4 sold out
net bought ≈ $16.9m (-1.0m 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 ($3.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.91.
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 23 |
| Q4 2022 | 22 |
| Q1 2023 | 23 |
| Q2 2023 | 24 |
| Q3 2023 | 29 |
| Q4 2023 | 24 |
| Q1 2024 | 24 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 6 | 8 |
| Q1 2023 | 6 | 4 |
| Q2 2023 | 5 | 3 |
| Q3 2023 | 8 | 10 |
| Q4 2023 | 8 | 9 |
| Q1 2024 | 10 | 8 |
Biggest buyers
| ZAZOVE ASSOCIATES LLC | Added | +16.7m |
| Verition Fund Management LLC | Added | +3.8m |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Added | +2.4m |
| DeepCurrents Investment Group LLC | Added | +2.0m |
| Covalent Partners LLC | New | +1.0m |
| Cetera Investment Advisers | New | +61.0k |
| RAYMOND JAMES & ASSOCIATES | New | +29.0k |
| MORGAN STANLEY | Added | +16.0k |
| COMERICA BANK | New | +13.0k |
| Cerity Partners LLC | Added | +123 |
Biggest sellers
| Context Capital Management, LLC | Reduced | -5.6m |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -3.0m |
| Wellesley Asset Management | Reduced | -1.7m |
| ABSOLUTE INVESTMENT ADVISERS, LLC | Reduced | -1.0m |
| Cetera Advisors LLC | Sold out | -48.0k |
| Leisure Capital Management | Sold out | -14.0k |
| Cetera Advisor Networks LLC | Sold out | -13.0k |
| COMERICA BANK | Sold out | -13.0k |
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| ZAZOVE ASSOCIATES LLC 2.26% of their portfolio | 33.5m $33.4m | Added +16.7m |
| Wellesley Asset Management 3.34% of their portfolio | 33.3m $33.1m | Reduced -1.7m |
| LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio | 20.7m $20.6m | Reduced -3.0m |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.43% of their portfolio | 15.0m $14.9m | Unchanged |
| DeepCurrents Investment Group LLC 0.50% of their portfolio | 12.1m $12.1m | Added +2.0m |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.49% of their portfolio | 11.6m $11.4m | Added +2.4m |
| ABSOLUTE INVESTMENT ADVISERS, LLC 1.37% of their portfolio | 10.2m $10.1m | Reduced -1.0m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 7.1m $7.0m | Unchanged |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.09% of their portfolio | 5.0m $5.0m | Unchanged |
| Verition Fund Management LLC 0.04% of their portfolio | 3.8m $3.8m | Added +3.8m |
| Covalent Partners LLC 7.59% of their portfolio | 1.0m $991.9k | New |
| AQR Arbitrage LLC 0.02% of their portfolio | 653.0k $649.3k | Unchanged |
| RATIONAL ADVISORS, INC. 0.06% of their portfolio | 635.0k $629.9k | Unchanged |
| PIER 88 INVESTMENT PARTNERS LLC 0.15% of their portfolio | 635.0k $629.9k | Unchanged |
| D.A. DAVIDSON & CO. 0.00% of their portfolio | 110.0k $107.8k | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 61.0k $60.5k | New |
| MORGAN STANLEY 0.00% of their portfolio | 48.0k $47.6k | Added +16.0k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 29.0k $28.8k | New |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 17.0k $16.9k | Unchanged |
| Cerity Partners LLC 0.00% of their portfolio | 13.1k $136.5k | Added +123 |
| COMERICA BANK 0.00% of their portfolio | 13.0k $12.9k | New |
| Mariner, LLC 0.00% of their portfolio | 13.0k $12.9k | Unchanged |
| Context Capital Management, LLC 0.36% of their portfolio | 7.7k $7.6m | Reduced -5.6m |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |