Vault-13

SAREPTA THERAPEUTICS INC

DEBT 1.250% 9/1 · CUSIP 803607AC4

11 institutional holders -52 vs Q4 2022
8,116,0008.1m shares reported held*
$106.4mreported value*
1 new 4 added 3 reduced 53 sold out net sold ≈ $1.1bn (-75.0m 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 ≈ $13.11.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 56Q4 22: 63Q1 23: 1111Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202256
Q4 202263
Q1 202311

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 37 bought or addedQ4 22: 20 cut or sold outQ4 22Q1 23: 5 bought or addedQ1 23: 56 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20223720
Q1 2023556

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ3 22 calls: $0Q3 22 puts: $24.1mQ3 22P/C —Q4 22 calls: $0Q4 22 puts: $28.7mQ4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$24.1m—
Q4 2022$0$28.7m—
Q1 2023$0$0—

Biggest buyers

READYSTATE ASSET MANAGEMENT LP Added +22,000,000+22.0m
ADVENT CAPITAL MANAGEMENT /DE/ Added +3,808,000+3.8m
PUTNAM INVESTMENTS LLC Added +3,496,000+3.5m
MIZUHO SECURITIES USA LLC New +1,000,000+1.0m
Context Capital Management, LLC Added +2,500+2.5k

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Sold out -115,435,000-115.4m
Linden Advisors LP Sold out -106,250,000-106.2m
Polar Asset Management Partners Inc. Sold out -80,000,000-80.0m
WOLVERINE ASSET MANAGEMENT LLC Sold out -77,475,000-77.5m
CITADEL ADVISORS LLC Sold out -62,000,000-62.0m
Calamos Advisors LLC Sold out -56,711,000-56.7m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Sold out -36,000,000-36.0m
FMR LLC Sold out -33,775,000-33.8m
TENOR CAPITAL MANAGEMENT Co., L.P. Sold out -30,000,000-30.0m
BANK OF AMERICA CORP /DE/ Sold out -27,261,000-27.3m

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 READYSTATE ASSET MANAGEMENT LP 4.61% of their portfolio CHICAGO, IL 31,000,00031.0m $37.3m $37.3m 4.61% Added +22.0m +22,000,000
2 ADVENT CAPITAL MANAGEMENT /DE/ 0.57% of their portfolio NEW YORK, NY 24,566,00024.6m $29.5m $29.5m 0.57% Added +3.8m +3,808,000
3 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 13,748,00013.7m $16.5m $16.5m 0.03% Reduced -25.9m -25,908,000
4 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 6,816,0006.8m $8.2m $8.2m 0.01% Added +3.5m +3,496,000
5 OAKTREE CAPITAL MANAGEMENT LP 0.03% of their portfolio LOS ANGELES, CA 2,000,0002.0m $2.4m $2.4m 0.03% Unchanged
6 MIZUHO SECURITIES USA LLC 0.07% of their portfolio NEW YORK, NY 1,000,0001.0m $1.2m $1.2m 0.07% New
7 Amundi 0.00% of their portfolio Paris, I0 786,000786.0k $945.2k $945.2k 0.00% Reduced -600.0k -600,000
8 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 339,000339.0k $406.7k $406.7k 0.01% Reduced -80.0k -80,000
9 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $361.0k $361.0k 0.00% Unchanged
10 Context Capital Management, LLC 0.81% of their portfolio LAJOLLA, CA 8,0008.0k $9.6m $9.6m 0.81% Added +2.5k +2,500
11 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged