Vault-13

RAPID7 INC RPD 0.25 03.15.27

NOTE 0.250% 3/1 · US DOMESTIC · CUSIP 753422AF1

44 institutional holders +4 vs Q4 2022
8,974,0009.0m shares reported held*
$524.1mreported value*
13 new 7 added 9 reduced 9 sold out net bought ≈ $29.1m (+2.5m 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 ($2.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $58.72. Options: 0 managers hold calls (— notional), 2 hold puts ($31.3m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 56Q4 22: 40Q1 23: 4444Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202256
Q4 202240
Q1 202344

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 15 bought or addedQ4 22: 33 cut or sold outQ4 22Q1 23: 20 bought or addedQ1 23: 18 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221533
Q1 20232018

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30m$40mQ3 22 calls: $0Q3 22 puts: $12.9mQ3 22P/C —Q4 22 calls: $0Q4 22 puts: $14.1mQ4 22P/C —Q1 23 calls: $0Q1 23 puts: $31.3mQ1 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$12.9m—
Q4 2022$0$14.1m—
Q1 2023$0$31.3m—

Biggest buyers

SOROS FUND MANAGEMENT LLC New +40,000,000+40.0m
FMR LLC Added +22,575,000+22.6m
SONA ASSET MANAGEMENT (US) LLC New +12,800,000+12.8m
Invesco Ltd. New +5,975,000+6.0m
Jefferies Financial Group Inc. New +3,466,000+3.5m
Paloma Partners Management Co New +3,200,000+3.2m
Blackstone Inc. New +3,000,000+3.0m
LAZARD ASSET MANAGEMENT LLC Added +2,000,000+2.0m
JANE STREET GROUP, LLC New +2,000,000+2.0m
BANK OF MONTREAL /CAN/ New +1,900,000+1.9m

Biggest sellers

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -20,000,000-20.0m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -11,500,000-11.5m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -10,627,000-10.6m
OAKTREE CAPITAL MANAGEMENT LP Sold out -5,534,000-5.5m
OSTERWEIS CAPITAL MANAGEMENT INC Reduced -5,000,000-5.0m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -4,500,000-4.5m
STATE STREET CORP Reduced -2,950,000-3.0m
Lynrock Lake LP Reduced -2,500,000-2.5m
BlackRock Inc. Reduced -2,125,000-2.1m
JUPITER ASSET MANAGEMENT LTD Sold out -2,000,000-2.0m

Biggest calls

None

Biggest puts

DAVIDSON KEMPNER PARTNERS First filing $15.6m18.0m shares
Davidson Kempner Capital Management LP Unchanged $15.6m18.0m shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.19% of their portfolio New York, NY 128,914,000128.9m $112.6m $112.6m 1.19% Unchanged
2 VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio ATLANTA, GA 56,550,00056.5m $49.4m $49.4m 0.05% Unchanged
3 TENOR CAPITAL MANAGEMENT Co., L.P. 0.97% of their portfolio NEW YORK, NY 56,342,00056.3m $48.9m $48.9m 0.97% Unchanged
4 Elliott Investment Management L.P. 0.48% of their portfolio WEST PALM BEACH, FL 45,931,00045.9m $39.5m $39.5m 0.48% Added +1.5m +1,500,000
5 FMR LLC 0.00% of their portfolio BOSTON, MA 45,150,00045.1m $39.2m $39.2m 0.00% Added +22.6m +22,575,000
6 SOROS FUND MANAGEMENT LLC 0.67% of their portfolio NEW YORK, NY 40,000,00040.0m $35.1m $35.1m 0.67% New
7 LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 23,230,00023.2m $20.3m $20.3m 0.03% Added +2.0m +2,000,000
8 ADVENT CAPITAL MANAGEMENT /DE/ 0.36% of their portfolio NEW YORK, NY 21,387,00021.4m $18.7m $18.7m 0.36% Added +11.0k +11,000
9 Calamos Advisors LLC 0.08% of their portfolio NAPERVILLE, IL 19,500,00019.5m $16.9m $16.9m 0.08% Unchanged
10 CAPSTONE INVESTMENT ADVISORS, LLC 0.45% of their portfolio NEW YORK, NY 16,682,00016.7m $14.6m $14.6m 0.45% Reduced -4.5m -4,500,000
11 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 14,380,00014.4m $12.5m $12.5m 0.00% Added +120.0k +120,000
12 CAMDEN ASSET MANAGEMENT L P /CA 0.39% of their portfolio Los Angeles, CA 13,275,00013.3m $11.5m $11.5m 0.39% Reduced -11.5m -11,500,000
13 SONA ASSET MANAGEMENT (US) LLC 2.40% of their portfolio NEW YORK, NY 12,800,00012.8m $11.1m $11.1m 2.40% New
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,855,00011.9m $10.3m $10.3m 0.00% Reduced -3.0m -2,950,000
15 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 11,500,00011.5m $10.0m $10.0m 0.00% Reduced -20.0m -20,000,000
16 SHENKMAN CAPITAL MANAGEMENT INC 0.59% of their portfolio NEW YORK, NY 8,874,0008.9m $7.7m $7.7m 0.59% Reduced -10.6m -10,627,000
17 Lynrock Lake LP 0.30% of their portfolio RYE BROOK, NY 7,500,0007.5m $6.6m $6.6m 0.30% Reduced -2.5m -2,500,000
18 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 5,975,0006.0m $5.2m $5.2m 0.00% New
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,302,0005.3m $4.6m $4.6m 0.00% Added +481.0k +481,000
20 OSTERWEIS CAPITAL MANAGEMENT INC 0.30% of their portfolio SAN FRANCISCO, CA 5,000,0005.0m $4.4m $4.4m 0.30% Reduced -5.0m -5,000,000
21 Amundi 0.00% of their portfolio Paris, I0 5,000,0005.0m $4.4m $4.4m 0.00% Unchanged
22 Jefferies Financial Group Inc. 0.06% of their portfolio NEW YORK, NY 3,466,0003.5m $3.1m $3.1m 0.06% New
23 BlackRock Inc. 0.00% of their portfolio New York, NY 3,405,0003.4m $3.0m $3.0m 0.00% Reduced -2.1m -2,125,000
24 Paloma Partners Management Co 0.61% of their portfolio GREENWICH, CT 3,200,0003.2m $2.8m $2.8m 0.61% New
25 Blackstone Inc. 0.01% of their portfolio NEW YORK, NY 3,000,0003.0m $2.6m $2.6m 0.01% New
26 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 2,805,0002.8m $2.4m $2.4m 0.00% Unchanged
27 Liberty Mutual Group Asset Management Inc. 0.48% of their portfolio Boston, MA 2,450,0002.5m $2.1m $2.1m 0.48% Unchanged
28 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 2,400,0002.4m $2.2m $2.2m 0.00% Unchanged
29 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 2,000,0002.0m $1.7m $1.7m 0.00% New
30 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,900,0001.9m $1.6m $1.6m 0.00% New
31 ABSOLUTE INVESTMENT ADVISERS, LLC 0.15% of their portfolio ROSEMARY BEACH, FL 1,164,0001.2m $1.0m $1.0m 0.15% New
32 PALISADE CAPITAL MANAGEMENT, LP 0.02% of their portfolio FORT LEE, NJ 1,000,0001.0m $870.0k $870.0k 0.02% Unchanged
33 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 739,000739.0k $641.8k $641.8k 0.00% New
34 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $436.3k $436.3k 0.00% Unchanged
35 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 349,000349.0k $303.1k $303.1k 0.00% New
36 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 292,000292.0k $254.8k $254.8k 0.00% New
37 Northwest & Ethical Investments L.P. 0.01% of their portfolio TORONTO, A6 200,000200.0k $174.3k $174.3k 0.01% Unchanged
38 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 138,000138.0k $120.5k $120.5k 0.00% Unchanged
39 NOMURA HOLDINGS INC 0.05% of their portfolio TOKYO, M0 117,967118.0k $5.4m $5.4m 0.05% Reduced -12.4k -12,375
40 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 86,00086.0k $75.0k $75.0k 0.00% New
41 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 55,00055.0k $48.0k $48.0k 0.00% Unchanged
42 Context Capital Management, LLC 1.00% of their portfolio LAJOLLA, CA 13,60013.6k $11.9m $11.9m 1.00% Added +4.0k +4,000
43 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 9,2509.2k $792.0k $792.0k 0.01% Unchanged
44 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged