Vault-13

Q2 HLDGS INC QTWO 0.125 11.15.25

NOTE 0.125%11/1 · US DOMESTIC · CUSIP 74736LAF6

17 institutional holders -3 vs Q1 2024
10,875,00010.9m shares reported held*
$182.2mreported value*
1 new 6 added 1 reduced 4 sold out net sold ≈ $436.3k (-12.4m 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 ($4.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.15.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 21Q4 22: 20Q1 23: 22Q2 23: 21Q3 23: 19Q4 23: 19Q1 24: 20Q2 24: 1717Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202221
Q4 202220
Q1 202322
Q2 202321
Q3 202319
Q4 202319
Q1 202420
Q2 202417

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 12 bought or addedQ4 22: 6 cut or sold outQ4 22Q1 23: 8 bought or addedQ1 23: 10 cut or sold outQ2 23: 5 bought or addedQ2 23: 6 cut or sold outQ2 23Q3 23: 3 bought or addedQ3 23: 4 cut or sold outQ4 23: 5 bought or addedQ4 23: 5 cut or sold outQ4 23Q1 24: 8 bought or addedQ1 24: 8 cut or sold outQ2 24: 7 bought or addedQ2 24: 5 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022126
Q1 2023810
Q2 202356
Q3 202334
Q4 202355
Q1 202488
Q2 202475

Biggest buyers

Opti Capital Management, LP New +12,450,000+12.4m
Linden Advisors LP Added +7,500,000+7.5m
D. E. Shaw & Co., Inc. Added +6,023,000+6.0m
DeepCurrents Investment Group LLC Added +5,000,000+5.0m
ADVENT CAPITAL MANAGEMENT /DE/ Added +2,800,000+2.8m
Verition Fund Management LLC Added +1,431,000+1.4m
LAZARD ASSET MANAGEMENT LLC Added +651,000+651.0k

Biggest sellers

Elliott Investment Management L.P. Sold out -19,323,000-19.3m
Opti Capital Management, LP Sold out -12,450,000-12.4m
OAKTREE CAPITAL MANAGEMENT LP Sold out -1,989,000-2.0m
MORGAN STANLEY Reduced -1,748,000-1.7m
Russell Investments Group, Ltd. Sold out -811,000-811.0k

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.31% of their portfolio New York, NY 39,595,00039.6m $37.0m $37.0m 0.31% Added +7.5m +7,500,000
2 Calamos Advisors LLC 0.14% of their portfolio NAPERVILLE, IL 30,625,00030.6m $28.6m $28.6m 0.14% Unchanged
3 TENOR CAPITAL MANAGEMENT Co., L.P. 0.36% of their portfolio NEW YORK, NY 24,561,00024.6m $23.0m $23.0m 0.36% Unchanged
4 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 19,941,00019.9m $18.7m $18.7m 0.02% Added +651.0k +651,000
5 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 18,403,00018.4m $17.2m $17.2m 0.02% Added +6.0m +6,023,000
6 DeepCurrents Investment Group LLC 0.57% of their portfolio NEW YORK, NY 15,152,00015.2m $14.2m $14.2m 0.57% Added +5.0m +5,000,000
7 Opti Capital Management, LP 0.87% of their portfolio New York, NY 12,450,00012.4m $11.7m $11.7m 0.87% New
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 10,396,00010.4m $9.7m $9.7m 0.00% Unchanged
9 ADVENT CAPITAL MANAGEMENT /DE/ 0.13% of their portfolio NEW YORK, NY 5,800,0005.8m $5.5m $5.5m 0.13% Added +2.8m +2,800,000
10 ABSOLUTE INVESTMENT ADVISERS, LLC 0.76% of their portfolio ROSEMARY BEACH, FL 5,500,0005.5m $5.1m $5.1m 0.76% Unchanged
11 Ewing Morris & Co. Investment Partners Ltd. 3.21% of their portfolio TORONTO, Z4 5,375,0005.4m $5.1m $5.1m 3.21% Unchanged
12 Jefferies Financial Group Inc. 0.09% of their portfolio NEW YORK, NY 4,846,0004.8m $4.5m $4.5m 0.09% Unchanged
13 Verition Fund Management LLC 0.03% of their portfolio GREENWICH, CT 4,630,0004.6m $4.4m $4.4m 0.03% Added +1.4m +1,431,000
14 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,000,0001.0m $932.5k $932.5k 0.00% Unchanged
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 874,000874.0k $816.9k $816.9k 0.00% Reduced -1.7m -1,748,000
16 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 71,00071.0k $66.2k $66.2k 0.00% Unchanged
17 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged