Vault-13

RAPID7 INC RPD 0.25 03.15.27

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

41 institutional holders -3 vs Q1 2023
7,078,0007.1m shares reported held*
$531.5mreported value*
3 new 10 added 11 reduced 7 sold out net bought ≈ $6.5m (-1.9m 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 ($2.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $75.44.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 56Q4 22: 40Q1 23: 44Q2 23: 4141Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202256
Q4 202240
Q1 202344
Q2 202341

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 23Q2 23: 13 bought or addedQ2 23: 18 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221533
Q1 20232018
Q2 20231318

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 —Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$12.9m—
Q4 2022$0$14.1m—
Q1 2023$0$31.3m—
Q2 2023$0$0—

Biggest buyers

SOROS FUND MANAGEMENT LLC Added +42,000,000+42.0m
ADVENT CAPITAL MANAGEMENT /DE/ Added +17,239,000+17.2m
BANK OF AMERICA CORP /DE/ New +9,625,000+9.6m
STATE STREET CORP Added +4,500,000+4.5m
Jefferies Financial Group Inc. Added +3,262,000+3.3m
SONA ASSET MANAGEMENT (US) LLC Added +2,925,000+2.9m
BARCLAYS PLC Added +2,227,000+2.2m
MORGAN STANLEY Added +2,198,000+2.2m
SHENKMAN CAPITAL MANAGEMENT INC Added +1,986,000+2.0m
WELLINGTON MANAGEMENT GROUP LLP Added +1,750,000+1.8m

Biggest sellers

FMR LLC Reduced -23,775,000-23.8m
VOYA INVESTMENT MANAGEMENT LLC Reduced -18,395,000-18.4m
LAZARD ASSET MANAGEMENT LLC Reduced -14,500,000-14.5m
CAMDEN ASSET MANAGEMENT L P /CA Sold out -13,275,000-13.3m
Blackstone Inc. Sold out -3,000,000-3.0m
Invesco Ltd. Reduced -2,000,000-2.0m
JANE STREET GROUP, LLC Sold out -2,000,000-2.0m
BANK OF MONTREAL /CAN/ Sold out -1,900,000-1.9m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -1,500,000-1.5m
ABSOLUTE INVESTMENT ADVISERS, LLC Sold out -1,164,000-1.2m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.19% of their portfolio New York, NY 128,914,000128.9m $112.9m $112.9m 1.19% Unchanged
2 SOROS FUND MANAGEMENT LLC 1.56% of their portfolio NEW YORK, NY 82,000,00082.0m $71.9m $71.9m 1.56% Added +42.0m +42,000,000
3 TENOR CAPITAL MANAGEMENT Co., L.P. 1.03% of their portfolio NEW YORK, NY 56,342,00056.3m $49.3m $49.3m 1.03% Unchanged
4 Elliott Investment Management L.P. 0.48% of their portfolio WEST PALM BEACH, FL 45,931,00045.9m $40.2m $40.2m 0.48% Unchanged
5 ADVENT CAPITAL MANAGEMENT /DE/ 0.68% of their portfolio NEW YORK, NY 38,626,00038.6m $33.7m $33.7m 0.68% Added +17.2m +17,239,000
6 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 38,155,00038.2m $33.3m $33.3m 0.03% Reduced -18.4m -18,395,000
7 FMR LLC 0.00% of their portfolio BOSTON, MA 21,375,00021.4m $18.6m $18.6m 0.00% Reduced -23.8m -23,775,000
8 Calamos Advisors LLC 0.09% of their portfolio NAPERVILLE, IL 19,500,00019.5m $17.2m $17.2m 0.09% Unchanged
9 Davidson Kempner Capital Management LP 0.33% of their portfolio New York, NY 18,000,00018.0m $15.6m $15.6m 0.33% Not comparable
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 16,355,00016.4m $14.4m $14.4m 0.00% Added +4.5m +4,500,000
11 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 16,130,00016.1m $14.0m $14.0m 0.00% Added +1.8m +1,750,000
12 SONA ASSET MANAGEMENT (US) LLC 3.23% of their portfolio NEW YORK, NY 15,725,00015.7m $13.8m $13.8m 3.23% Added +2.9m +2,925,000
13 CAPSTONE INVESTMENT ADVISORS, LLC 0.39% of their portfolio NEW YORK, NY 15,182,00015.2m $13.3m $13.3m 0.39% Reduced -1.5m -1,500,000
14 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% Unchanged
15 SHENKMAN CAPITAL MANAGEMENT INC 0.74% of their portfolio NEW YORK, NY 10,860,00010.9m $9.5m $9.5m 0.74% Added +2.0m +1,986,000
16 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 9,625,0009.6m $8.4m $8.4m 0.00% New
17 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 8,730,0008.7m $7.6m $7.6m 0.01% Reduced -14.5m -14,500,000
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,500,0007.5m $6.6m $6.6m 0.00% Added +2.2m +2,198,000
19 Lynrock Lake LP 0.27% of their portfolio RYE BROOK, NY 7,500,0007.5m $6.5m $6.5m 0.27% Unchanged
20 Jefferies Financial Group Inc. 0.13% of their portfolio NEW YORK, NY 6,728,0006.7m $5.9m $5.9m 0.13% Added +3.3m +3,262,000
21 OSTERWEIS CAPITAL MANAGEMENT INC 0.29% of their portfolio SAN FRANCISCO, CA 5,000,0005.0m $4.4m $4.4m 0.29% Unchanged
22 Amundi 0.00% of their portfolio Paris, I0 5,000,0005.0m $4.3m $4.3m 0.00% Unchanged
23 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 4,073,0004.1m $3.5m $3.5m 0.00% Added +1.3m +1,268,000
24 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 3,975,0004.0m $3.5m $3.5m 0.00% Reduced -2.0m -2,000,000
25 BlackRock Inc. 0.00% of their portfolio New York, NY 3,380,0003.4m $2.9m $2.9m 0.00% Reduced -25.0k -25,000
26 Paloma Partners Management Co 0.56% of their portfolio GREENWICH, CT 2,775,0002.8m $2.4m $2.4m 0.56% Reduced -425.0k -425,000
27 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,519,0002.5m $2.2m $2.2m 0.00% Added +2.2m +2,227,000
28 Liberty Mutual Group Asset Management Inc. 0.54% of their portfolio Boston, MA 2,450,0002.5m $2.1m $2.1m 0.54% Unchanged
29 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 2,150,0002.1m $2.0m $2.0m 0.00% Reduced -250.0k -250,000
30 Flow State Investments, L.P. 0.55% of their portfolio CHICAGO, IL 1,500,0001.5m $1.3m $1.3m 0.55% New
31 PALISADE CAPITAL MANAGEMENT, LP 0.02% of their portfolio FORT LEE, NJ 1,000,0001.0m $881.2k $881.2k 0.02% Unchanged
32 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $440.5k $440.5k 0.00% Unchanged
33 Northwest & Ethical Investments L.P. 0.01% of their portfolio TORONTO, A6 200,000200.0k $176.0k $176.0k 0.01% Unchanged
34 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 182,000182.0k $158.0k $158.0k 0.00% Reduced -557.0k -557,000
35 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 163,000163.0k $141.5k $141.5k 0.00% Reduced -186.0k -186,000
36 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 138,000138.0k $120.5k $120.5k 0.00% Unchanged
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 86,00086.0k $75.8k $75.8k 0.00% Unchanged
38 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 55,00055.0k $48.0k $48.0k 0.00% Unchanged
39 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 5,0005.0k $439.0k $439.0k 0.00% Reduced -4.2k -4,250
40 Alken Asset Management Ltd 0.02% of their portfolio LONDON, X0 1,0001.0k $873 $873 0.02% New
41 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged