Vault-13

REPLIGEN CORP RGEN 1 12.15.28

NOTE 1.000%12/1 · US DOMESTIC · CUSIP 759916AD1

51 institutional holders +2 vs Q1 2025
15,469,00015.5m shares reported held*
$580.5mreported value*
10 new 13 added 12 reduced 8 sold out net sold ≈ $67.8m (+6.7m 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 ≈ $37.53.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q4 24: 46Q1 25: 49Q2 25: 5151Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q4 202446
Q1 202549
Q2 202551

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 25: 18 bought or addedQ1 25: 20 cut or sold outQ1 25Q2 25: 23 bought or addedQ2 25: 20 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q1 20251820
Q2 20252320

Biggest buyers

ADVENT CAPITAL MANAGEMENT /DE/ New +31,004,000+31.0m
LAZARD ASSET MANAGEMENT LLC Added +12,627,000+12.6m
Aequim Alternative Investments LP Added +10,000,000+10.0m
WELLINGTON MANAGEMENT GROUP LLP New +5,688,000+5.7m
SSI INVESTMENT MANAGEMENT LLC New +5,098,000+5.1m
NEW YORK STATE COMMON RETIREMENT FUND New +4,719,000+4.7m
OAKTREE CAPITAL MANAGEMENT LP Added +3,596,000+3.6m
Wellesley Asset Management Added +3,150,000+3.1m
ARISTEIA CAPITAL, L.L.C. New +3,000,000+3.0m
BRAIDWELL LP Added +3,000,000+3.0m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -85,195,000-85.2m
WOLVERINE ASSET MANAGEMENT LLC Reduced -21,800,000-21.8m
Linden Advisors LP Reduced -13,300,000-13.3m
WHITEBOX ADVISORS LLC Sold out -8,857,000-8.9m
Kohlberg Kravis Roberts & Co. L.P. Sold out -6,500,000-6.5m
CITADEL ADVISORS LLC Sold out -6,000,000-6.0m
Invesco Ltd. Sold out -4,500,000-4.5m
DeepCurrents Investment Group LLC Reduced -4,000,000-4.0m
WELLS FARGO & COMPANY/MN Sold out -2,450,000-2.5m
TORONTO DOMINION BANK Reduced -1,948,000-1.9m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BRAIDWELL LP 3.44% of their portfolio STAMFORD, CT 101,000,000101.0m $100.5m $100.5m 3.44% Added +3.0m +3,000,000
2 VOYA INVESTMENT MANAGEMENT LLC 0.08% of their portfolio ATLANTA, GA 84,725,00084.7m $84.3m $84.3m 0.08% Reduced -85.2m -85,195,000
3 Aequim Alternative Investments LP 1.90% of their portfolio MILL VALLEY, CA 58,500,00058.5m $58.2m $58.2m 1.90% Added +10.0m +10,000,000
4 Linden Advisors LP 0.35% of their portfolio New York, NY 56,841,00056.8m $56.5m $56.5m 0.35% Reduced -13.3m -13,300,000
5 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 51,915,00051.9m $51.7m $51.7m 0.01% Unchanged
6 ADVENT CAPITAL MANAGEMENT /DE/ 0.68% of their portfolio NEW YORK, NY 31,004,00031.0m $30.9m $30.9m 0.68% New
7 ZAZOVE ASSOCIATES LLC 2.19% of their portfolio INCLINE VILLAGE, NV 26,950,00026.9m $26.8m $26.8m 2.19% Unchanged
8 LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 18,332,00018.3m $18.2m $18.2m 0.03% Added +12.6m +12,627,000
9 WOLVERINE ASSET MANAGEMENT LLC 0.27% of their portfolio CHICAGO, IL 16,021,00016.0m $15.9m $15.9m 0.27% Reduced -21.8m -21,800,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,850,00011.8m $11.8m $11.8m 0.00% Reduced -350.0k -350,000
11 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 11,500,00011.5m $11.4m $11.4m 0.01% Reduced -487.0k -487,000
12 FMR LLC 0.00% of their portfolio BOSTON, MA 9,492,0009.5m $9.4m $9.4m 0.00% Unchanged
13 SHENKMAN CAPITAL MANAGEMENT INC 0.89% of their portfolio NEW YORK, NY 8,880,0008.9m $8.9m $8.9m 0.89% Added +701.0k +701,000
14 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 8,500,0008.5m $8.4m $8.4m 0.00% Unchanged
15 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 7,550,0007.5m $7.5m $7.5m 0.01% Added +150.0k +150,000
16 Lombard Odier Asset Management (Europe) Ltd 0.47% of their portfolio LONDON, X0 6,525,0006.5m $6.5m $6.5m 0.47% Added +280.0k +280,000
17 ABSOLUTE INVESTMENT ADVISERS, LLC 0.74% of their portfolio ROSEMARY BEACH, FL 6,000,0006.0m $5.9m $5.9m 0.74% Unchanged
18 OAKTREE CAPITAL MANAGEMENT LP 0.11% of their portfolio LOS ANGELES, CA 5,796,0005.8m $5.8m $5.8m 0.11% Added +3.6m +3,596,000
19 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,771,0005.8m $5.7m $5.7m 0.00% Reduced -125.0k -125,000
20 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 5,688,0005.7m $5.7m $5.7m 0.00% New
21 SSI INVESTMENT MANAGEMENT LLC 0.36% of their portfolio Los Angeles, CA 5,098,0005.1m $5.0m $5.0m 0.36% New
22 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 4,719,0004.7m $4.7m $4.7m 0.01% New
23 Wellesley Asset Management 0.43% of their portfolio PORTSMOUTH, NH 4,497,0004.5m $4.5m $4.5m 0.43% Added +3.1m +3,150,000
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,184,0004.2m $4.2m $4.2m 0.00% Reduced -607.0k -607,000
25 DeepCurrents Investment Group LLC 0.13% of their portfolio NEW YORK, NY 3,574,0003.6m $3.6m $3.6m 0.13% Reduced -4.0m -4,000,000
26 ARISTEIA CAPITAL, L.L.C. 0.08% of their portfolio GREENWICH, CT 3,000,0003.0m $3.0m $3.0m 0.08% New
27 TENOR CAPITAL MANAGEMENT Co., L.P. 0.03% of their portfolio NEW YORK, NY 2,500,0002.5m $2.5m $2.5m 0.03% Unchanged
28 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 2,500,0002.5m $2.5m $2.5m 0.01% Added +1 +1
29 RWC Asset Management LLP 0.12% of their portfolio LONDON, X0 2,300,0002.3m $2.3m $2.3m 0.12% Reduced -700.0k -700,000
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,092,0002.1m $2.1m $2.1m 0.00% Added +1.5m +1,500,000
31 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 2,000,0002.0m $2.0m $2.0m 0.00% New
32 Man Group plc 0.00% of their portfolio LONDON, X0 1,940,0001.9m $1.9m $1.9m 0.00% Unchanged
33 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,796,0001.8m $1.8m $1.8m 0.00% Added +898.0k +898,000
34 AXA S.A. 0.00% of their portfolio PARIS, I0 1,570,0001.6m $1.6m $1.6m 0.00% Unchanged
35 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,455,0001.5m $1.4m $1.4m 0.00% New
36 AGF MANAGEMENT LTD 0.00% of their portfolio TORONTO, A6 1,075,0001.1m $1.1m $1.1m 0.00% Unchanged
37 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,070,0001.1m $1.1m $1.1m 0.00% Unchanged
38 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 822,000822.0k $814.2k $814.2k 0.00% Added +656.0k +656,000
39 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 821,000821.0k $813.2k $813.2k 0.00% Reduced -111.0k -111,000
40 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 600,000600.0k $0 $0 0.00% Unchanged
41 DNCA FINANCE 0.04% of their portfolio PARIS, I0 550,000550.0k $546.5k $546.5k 0.04% Unchanged
42 PALISADE CAPITAL MANAGEMENT, LP 0.01% of their portfolio FORT LEE, NJ 500,000500.0k $495.6k $495.6k 0.01% Unchanged
43 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 424,000424.0k $421.8k $421.8k 0.00% Added +5.0k +5,000
44 Central Pacific Bank - Trust Division 0.03% of their portfolio HONOLULU, HI 267,000267.0k $264.5k $264.5k 0.03% New
45 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 250,000250.0k $248.3k $248.3k 0.00% Unchanged
46 ABN AMRO INVESTMENT SOLUTIONS 0.00% of their portfolio PARIS CEDEX 008, I0 150,000150.0k $149.3k $149.3k 0.00% Unchanged
47 Calamos Wealth Management LLC 0.00% of their portfolio NAPERVILLE, IL 64,00064.0k $63.7k $63.7k 0.00% Reduced -16.0k -16,000
48 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 52,00052.0k $51.5k $51.5k 0.00% Reduced -1.9m -1,948,000
49 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 15,00015.0k $1.5m $1.5m 0.01% New
50 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 10,00010.0k $9.9k $9.9k 0.00% New
51 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged