Vault-13

RAPID7 INC RPD 0.25 03.15.27

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

35 institutional holders -2 vs Q1 2025
22,450,92122.5m shares reported held*
$554.6mreported value*
3 new 6 added 6 reduced 4 sold out net bought ≈ $37.0m (+1.8m 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. Holder counts are more reliable. Implied quarter-end price ≈ $24.70.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 56Q4 22: 40Q1 23: 44Q2 23: 41Q3 23: 45Q4 23: 50Q1 24: 50Q2 24: 45Q3 24: 41Q4 24: 45Q1 25: 37Q2 25: 3535Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202256
Q4 202240
Q1 202344
Q2 202341
Q3 202345
Q4 202350
Q1 202450
Q2 202445
Q3 202441
Q4 202445
Q1 202537
Q2 202535

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 24 bought or addedQ3 23: 19 cut or sold outQ4 23: 28 bought or addedQ4 23: 20 cut or sold outQ4 23Q1 24: 19 bought or addedQ1 24: 16 cut or sold outQ2 24: 17 bought or addedQ2 24: 25 cut or sold outQ2 24Q3 24: 15 bought or addedQ3 24: 17 cut or sold outQ4 24: 15 bought or addedQ4 24: 7 cut or sold outQ4 24Q1 25: 13 bought or addedQ1 25: 17 cut or sold outQ2 25: 9 bought or addedQ2 25: 10 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232419
Q4 20232820
Q1 20241916
Q2 20241725
Q3 20241517
Q4 2024157
Q1 20251317
Q2 2025910

Biggest buyers

DeepCurrents Investment Group LLC New +31,500,000+31.5m
MILLENNIUM MANAGEMENT LLC Added +9,000,000+9.0m
Opti Capital Management, LP Added +6,500,000+6.5m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +6,300,000+6.3m
LAZARD ASSET MANAGEMENT LLC Added +3,000,000+3.0m
STATE OF WISCONSIN INVESTMENT BOARD New +2,000,000+2.0m
JPMORGAN CHASE & CO Added +1,850,000+1.9m
BARCLAYS PLC Added +30,000+30.0k
RAYMOND JAMES FINANCIAL INC New +5,000+5.0k

Biggest sellers

Calamos Advisors LLC Reduced -10,000,000-10.0m
BANK OF MONTREAL /CAN/ Sold out -3,650,000-3.6m
Jefferies Financial Group Inc. Reduced -2,900,000-2.9m
BANK OF AMERICA CORP /DE/ Reduced -2,500,000-2.5m
STATE STREET CORP Reduced -780,000-780.0k
Bank of New York Mellon Corp Sold out -200,000-200.0k
BlackRock, Inc. Reduced -200,000-200.0k
Arkadios Wealth Advisors Sold out -13,000-13.0k
NOMURA HOLDINGS INC Reduced -3,355-3.4k
Verition Fund Management LLC Sold out -3,000-3.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.89% of their portfolio New York, NY 157,312,000157.3m $145.4m $145.4m 0.89% Unchanged
2 TENOR CAPITAL MANAGEMENT Co., L.P. 1.12% of their portfolio NEW YORK, NY 89,537,00089.5m $83.3m $83.3m 1.12% Added +6.3m +6,300,000
3 SOROS FUND MANAGEMENT LLC 1.15% of their portfolio NEW YORK, NY 72,250,00072.2m $67.2m $67.2m 1.15% Unchanged
4 Opti Capital Management, LP 3.08% of their portfolio New York, NY 58,250,00058.2m $54.2m $54.2m 3.08% Added +6.5m +6,500,000
5 Davidson Kempner Capital Management LP 0.57% of their portfolio New York, NY 40,000,00040.0m $37.1m $37.1m 0.57% Unchanged
6 DeepCurrents Investment Group LLC 1.07% of their portfolio NEW YORK, NY 31,500,00031.5m $29.2m $29.2m 1.07% New
7 CAPSTONE INVESTMENT ADVISORS, LLC 0.19% of their portfolio NEW YORK, NY 23,950,00023.9m $22.3m $22.3m 0.19% Unchanged
8 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 20,067,00020.1m $18.6m $18.6m 0.02% Added +9.0m +9,000,000
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 13,915,00013.9m $12.9m $12.9m 0.00% Reduced -2.5m -2,500,000
10 Ewing Morris & Co. Investment Partners Ltd. 5.13% of their portfolio TORONTO, Z4 12,302,00012.3m $11.4m $11.4m 5.13% Unchanged
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,555,00011.6m $10.7m $10.7m 0.00% Reduced -780.0k -780,000
12 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 9,500,0009.5m $8.8m $8.8m 0.04% Reduced -10.0m -10,000,000
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 8,124,0008.1m $7.5m $7.5m 0.00% Unchanged
14 ABSOLUTE INVESTMENT ADVISERS, LLC 0.93% of their portfolio ROSEMARY BEACH, FL 8,123,0008.1m $7.5m $7.5m 0.93% Unchanged
15 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 6,730,0006.7m $6.3m $6.3m 0.01% Added +3.0m +3,000,000
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,805,0005.8m $5.4m $5.4m 0.00% Reduced -200.0k -200,000
17 ADVENT CAPITAL MANAGEMENT /DE/ 0.10% of their portfolio NEW YORK, NY 4,660,0004.7m $4.3m $4.3m 0.10% Unchanged
18 WATER ISLAND CAPITAL LLC 0.41% of their portfolio NEW YORK, NY 2,500,0002.5m $2.3m $2.3m 0.41% Unchanged
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,040,0002.0m $1.9m $1.9m 0.00% Added +1.9m +1,850,000
20 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 2,000,0002.0m $1.9m $1.9m 0.00% New
21 PALISADE CAPITAL MANAGEMENT, LP 0.03% of their portfolio FORT LEE, NJ 1,000,0001.0m $926.5k $926.5k 0.03% Unchanged
22 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 590,000590.0k $547.0k $547.0k 0.00% Unchanged
23 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 515,000515.0k $476.8k $476.8k 0.00% Unchanged
24 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 509,000509.0k $472.7k $472.7k 0.01% Reduced -2.9m -2,900,000
25 FMR LLC 0.00% of their portfolio BOSTON, MA 435,000435.0k $403.5k $403.5k 0.00% Unchanged
26 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 241,000241.0k $224.7k $224.7k 0.00% Unchanged
27 Northwest & Ethical Investments L.P. 0.00% of their portfolio TORONTO, A6 200,000200.0k $184.5k $184.5k 0.00% Unchanged
28 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 76,00076.0k $70.3k $70.3k 0.00% Added +30.0k +30,000
29 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 25,92125.9k $599.5k $599.5k 0.00% Reduced -3.4k -3,355
30 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 12,50012.5k $1.2m $1.2m 0.01% Unchanged
31 K2 PRINCIPAL FUND, L.P. 1.70% of their portfolio TORONTO, A6 10,00010.0k $9.3m $9.3m 1.70% Unchanged
32 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 8,0008.0k $7.4k $7.4k 0.00% Unchanged
33 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 5,0005.0k $4.6k $4.6k 0.00% New
34 Context Capital Management, LLC 0.06% of their portfolio LAJOLLA, CA 2,0002.0k $1.9m $1.9m 0.06% Unchanged
35 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged