Vault-13

SAREPTA THERAPEUTICS INC SRPT 1.25 09.15.27

NOTE 1.250% 9/1 · US DOMESTIC · CUSIP 803607AD2

59 institutional holders -19 vs Q1 2025
10,904,50010.9m shares reported held*
$774.2mreported value*
21 new 15 added 15 reduced 39 sold out net sold ≈ $19.7m (-6.1m 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 ($584.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $71.05.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 23: 67Q4 23: 65Q1 24: 66Q2 24: 79Q3 24: 75Q4 24: 79Q1 25: 78Q2 25: 5959Q3 23Q1 24Q3 24Q1 25Q2 25
Numbers
QuarterHolders
Q3 202367
Q4 202365
Q1 202466
Q2 202479
Q3 202475
Q4 202479
Q1 202578
Q2 202559

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 31 bought or addedQ4 23: 34 cut or sold outQ4 23Q1 24: 26 bought or addedQ1 24: 33 cut or sold outQ2 24: 43 bought or addedQ2 24: 33 cut or sold outQ2 24Q3 24: 28 bought or addedQ3 24: 35 cut or sold outQ4 24: 27 bought or addedQ4 24: 27 cut or sold outQ4 24Q1 25: 31 bought or addedQ1 25: 37 cut or sold outQ2 25: 36 bought or addedQ2 25: 54 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q4 20233134
Q1 20242633
Q2 20244333
Q3 20242835
Q4 20242727
Q1 20253137
Q2 20253654

Biggest buyers

Linden Advisors LP Added +131,441,000+131.4m
WHITEBOX ADVISORS LLC New +56,000,000+56.0m
DeepCurrents Investment Group LLC New +51,500,000+51.5m
Balyasny Asset Management L.P. New +43,500,000+43.5m
Nuveen, LLC New +40,000,000+40.0m
Davidson Kempner Capital Management LP Added +27,500,000+27.5m
READYSTATE ASSET MANAGEMENT LP New +25,000,000+25.0m
AQR Arbitrage LLC New +21,000,000+21.0m
Jefferies Financial Group Inc. Added +17,806,000+17.8m
TWO SIGMA INVESTMENTS, LP New +17,500,000+17.5m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -79,275,000-79.3m
BANK OF MONTREAL /CAN/ Sold out -53,000,000-53.0m
ADVENT CAPITAL MANAGEMENT /DE/ Sold out -47,667,000-47.7m
Opti Capital Management, LP Sold out -45,877,000-45.9m
LAZARD ASSET MANAGEMENT LLC Sold out -39,219,000-39.2m
Wellesley Asset Management Sold out -38,390,000-38.4m
TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -34,000,000-34.0m
WOLVERINE ASSET MANAGEMENT LLC Reduced -30,500,000-30.5m
Calamos Advisors LLC Reduced -21,338,000-21.3m
BANK OF AMERICA CORP /DE/ Reduced -16,176,000-16.2m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.28% of their portfolio New York, NY 284,547,000284.5m $208.8m $208.8m 1.28% Added +131.4m +131,441,000
2 Davidson Kempner Capital Management LP 0.89% of their portfolio New York, NY 80,000,00080.0m $58.6m $58.6m 0.89% Added +27.5m +27,500,000
3 WHITEBOX ADVISORS LLC 1.11% of their portfolio MINNEAPOLIS, MN 56,000,00056.0m $40.9m $40.9m 1.11% New
4 DeepCurrents Investment Group LLC 1.39% of their portfolio NEW YORK, NY 51,500,00051.5m $38.1m $38.1m 1.39% New
5 TENOR CAPITAL MANAGEMENT Co., L.P. 0.48% of their portfolio NEW YORK, NY 47,500,00047.5m $35.8m $35.8m 0.48% Reduced -34.0m -34,000,000
6 Balyasny Asset Management L.P. 0.07% of their portfolio Chicago, IL 43,500,00043.5m $32.1m $32.1m 0.07% New
7 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.53% of their portfolio NEW YORK, NY 40,000,00040.0m $29.6m $29.6m 1.53% Added +2.0m +2,000,000
8 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 40,000,00040.0m $28.8m $28.8m 0.01% New
9 Calamos Advisors LLC 0.12% of their portfolio NAPERVILLE, IL 37,821,00037.8m $27.9m $27.9m 0.12% Reduced -21.3m -21,338,000
10 READYSTATE ASSET MANAGEMENT LP 0.75% of their portfolio CHICAGO, IL 25,000,00025.0m $18.1m $18.1m 0.75% New
11 Jefferies Financial Group Inc. 0.28% of their portfolio NEW YORK, NY 22,829,00022.8m $17.1m $17.1m 0.28% Added +17.8m +17,806,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 22,375,00022.4m $16.5m $16.5m 0.00% Reduced -600.0k -600,000
13 AQR Arbitrage LLC 0.36% of their portfolio Greenwich, CT 21,000,00021.0m $15.2m $15.2m 0.36% New
14 FMR LLC 0.00% of their portfolio BOSTON, MA 19,717,00019.7m $14.2m $14.2m 0.00% Added +5.3m +5,267,000
15 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 18,275,00018.3m $13.2m $13.2m 0.01% Reduced -79.3m -79,275,000
16 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 17,500,00017.5m $12.6m $12.6m 0.02% New
17 CAPSTONE INVESTMENT ADVISORS, LLC 0.10% of their portfolio NEW YORK, NY 17,000,00017.0m $12.3m $12.3m 0.10% New
18 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 16,500,00016.5m $12.1m $12.1m 0.03% Reduced -14.5m -14,500,000
19 ARISTEIA CAPITAL, L.L.C. 0.33% of their portfolio GREENWICH, CT 16,000,00016.0m $11.6m $11.6m 0.33% Added +3.5m +3,500,000
20 BlackRock, Inc. 0.00% of their portfolio New York, NY 11,425,00011.4m $8.2m $8.2m 0.00% Reduced -500.0k -500,000
21 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 10,000,00010.0m $7.4m $7.4m 0.01% New
22 WOLVERINE ASSET MANAGEMENT LLC 0.12% of their portfolio CHICAGO, IL 9,940,0009.9m $7.3m $7.3m 0.12% Reduced -30.5m -30,500,000
23 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 9,865,0009.9m $7.3m $7.3m 0.00% New
24 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 9,600,0009.6m $7.1m $7.1m 0.01% Reduced -7.5m -7,500,000
25 Sculptor Capital LP 0.11% of their portfolio New York, NY 9,500,0009.5m $7.0m $7.0m 0.11% New
26 GABELLI FUNDS LLC 0.04% of their portfolio Rye, NY 8,400,0008.4m $6.2m $6.2m 0.04% Unchanged
27 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 7,795,0007.8m $5.7m $5.7m 0.00% Added +3.2m +3,196,000
28 Man Group plc 0.01% of their portfolio LONDON, X0 5,976,0006.0m $4.4m $4.4m 0.01% Added +730.0k +730,000
29 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 5,500,0005.5m $4.1m $4.1m 0.00% New
30 OAKTREE CAPITAL MANAGEMENT LP 0.07% of their portfolio LOS ANGELES, CA 4,920,0004.9m $3.6m $3.6m 0.07% Reduced -5.2m -5,195,000
31 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 4,500,0004.5m $3.2m $3.2m 0.01% New
32 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,400,0004.4m $3.2m $3.2m 0.01% Added +1 +1
33 Jump Financial, LLC 0.04% of their portfolio Chicago, IL 4,000,0004.0m $2.9m $2.9m 0.04% New
34 PALISADE CAPITAL MANAGEMENT, LP 0.07% of their portfolio FORT LEE, NJ 3,305,0003.3m $2.4m $2.4m 0.07% Unchanged
35 Fort Baker Capital Management LP 0.32% of their portfolio Larkspur, CA 2,500,0002.5m $1.9m $1.9m 0.32% New
36 Walleye Capital LLC 0.02% of their portfolio NEW YORK, NY 2,500,0002.5m $1.8m $1.8m 0.02% Added +1.5m +1,500,000
37 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,297,0002.3m $1.7m $1.7m 0.00% Reduced -5.6m -5,579,000
38 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,105,0002.1m $1.5m $1.5m 0.00% Added +1.6m +1,621,000
39 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 2,000,0002.0m $1.4m $1.4m 0.00% New
40 CSS LLC/IL 0.09% of their portfolio CHICAGO, IL 2,000,0002.0m $1.5m $1.5m 0.09% New
41 Exome Asset Management LLC 1.23% of their portfolio NEW YORK, NY 2,000,0002.0m $1.4m $1.4m 1.23% New
42 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 1,836,0001.8m $1.3m $1.3m 0.00% Reduced -2.2m -2,170,000
43 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,796,0001.8m $1.3m $1.3m 0.00% Added +1.4m +1,414,000
44 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,629,0001.6m $1.2m $1.2m 0.00% Added +91.0k +91,000
45 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 1,000,0001.0m $729.8k $729.8k 0.00% Unchanged
46 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 700,000700.0k $519.3k $519.3k 0.00% Reduced -3.1m -3,076,000
47 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 408,000408.0k $293.8k $293.8k 0.00% Reduced -11.7m -11,701,000
48 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 300,000300.0k $221.4k $221.4k 0.00% Unchanged
49 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 71,00071.0k $54.0k $54.0k 0.00% Unchanged
50 Context Capital Management, LLC 1.04% of their portfolio LAJOLLA, CA 42,48442.5k $30.7m $30.7m 1.04% Added +33.0k +32,984
51 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 40,00040.0k $28.0k $28.0k 0.00% Reduced -1.8m -1,849,000
52 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 37,00037.0k $26.6k $26.6k 0.00% New
53 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 15,00015.0k $10.8k $10.8k 0.00% Reduced -16.2m -16,176,000
54 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 14,53014.5k $1.1m $1.1m 0.00% Added +1.6k +1,610
55 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 5,0005.0k $3.6k $3.6k 0.00% New
56 Alpine Global Management, LLC 0.59% of their portfolio NEW YORK, NY 3,5003.5k $2.6m $2.6m 0.59% New
57 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0001.0k $720 $720 0.00% Unchanged
58 UBS Group AG 0.00% of their portfolio ZURICH, V8 500500 $360 $360 0.00% Unchanged
59 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged