Vault-13

SEMTECH CORP SMTC 1.625 11.01.27

NOTE 1.625%11/0 · US DOMESTIC · CUSIP 816850AF8

27 institutional holders +3 vs Q1 2025
9,560,6459.6m shares reported held*
$444.6mreported value*
5 new 5 added 8 reduced 2 sold out net sold ≈ $23.2m (+202.4k 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 ≈ $46.50.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

02040Q4 23: 34Q1 24: 39Q2 24: 32Q3 24: 30Q4 24: 32Q1 25: 24Q2 25: 2727Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 202334
Q1 202439
Q2 202432
Q3 202430
Q4 202432
Q1 202524
Q2 202527

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 24: 16 bought or addedQ1 24: 14 cut or sold outQ1 24Q2 24: 18 bought or addedQ2 24: 23 cut or sold outQ2 24Q3 24: 12 bought or addedQ3 24: 21 cut or sold outQ3 24Q4 24: 13 bought or addedQ4 24: 13 cut or sold outQ4 24Q1 25: 15 bought or addedQ1 25: 22 cut or sold outQ1 25Q2 25: 10 bought or addedQ2 25: 10 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241614
Q2 20241823
Q3 20241221
Q4 20241313
Q1 20251522
Q2 20251010

Biggest buyers

Linden Advisors LP Added +6,780,000+6.8m
LORD, ABBETT & CO. LLC New +5,375,000+5.4m
LAZARD ASSET MANAGEMENT LLC Added +4,501,000+4.5m
WELLINGTON MANAGEMENT GROUP LLP New +3,049,000+3.0m
ROYAL BANK OF CANADA Added +2,341,000+2.3m
Thrivent Financial for Lutherans Added +1,886,000+1.9m
UBS Group AG New +1,460,000+1.5m
Jefferies Financial Group Inc. New +421,000+421.0k
Bank of New York Mellon Corp New +150,000+150.0k
NOMURA HOLDINGS INC Added +52,404+52.4k

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -26,235,000-26.2m
ARISTEIA CAPITAL, L.L.C. Sold out -6,000,000-6.0m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -3,681,000-3.7m
Sculptor Capital LP Reduced -2,000,000-2.0m
Parallax Volatility Advisers, L.P. Reduced -2,000,000-2.0m
WELLS FARGO & COMPANY/MN Sold out -910,000-910.0k
SILVERBACK ASSET MANAGEMENT LLC Reduced -500,000-500.0k
BlackRock, Inc. Reduced -350,000-350.0k
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -281,000-281.0k
BARCLAYS PLC Reduced -205,000-205.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.18% of their portfolio New York, NY 133,664,000133.7m $191.7m $191.7m 1.18% Added +6.8m +6,780,000
2 LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 33,423,00033.4m $48.2m $48.2m 0.07% Added +4.5m +4,501,000
3 VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ATLANTA, GA 25,805,00025.8m $37.2m $37.2m 0.04% Reduced -26.2m -26,235,000
4 WHITEBOX ADVISORS LLC 0.55% of their portfolio MINNEAPOLIS, MN 14,000,00014.0m $20.1m $20.1m 0.55% Unchanged
5 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 12,150,00012.2m $17.4m $17.4m 0.02% Unchanged
6 SILVERBACK ASSET MANAGEMENT LLC 2.43% of their portfolio DURHAM, NC 11,000,00011.0m $15.8m $15.8m 2.43% Reduced -500.0k -500,000
7 ABSOLUTE INVESTMENT ADVISERS, LLC 1.59% of their portfolio ROSEMARY BEACH, FL 9,000,0009.0m $12.8m $12.8m 1.59% Unchanged
8 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 8,066,0008.1m $11.6m $11.6m 0.03% Added +1.9m +1,886,000
9 Sculptor Capital LP 0.19% of their portfolio New York, NY 8,000,0008.0m $11.5m $11.5m 0.19% Reduced -2.0m -2,000,000
10 Parallax Volatility Advisers, L.P. 0.32% of their portfolio San Francisco, CA 5,500,0005.5m $7.9m $7.9m 0.32% Reduced -2.0m -2,000,000
11 LORD, ABBETT & CO. LLC 0.02% of their portfolio JERSEY CITY, NJ 5,375,0005.4m $7.8m $7.8m 0.02% New
12 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,120,0005.1m $7.4m $7.4m 0.00% Added +2.3m +2,341,000
13 Amundi 0.00% of their portfolio Paris, I0 4,800,0004.8m $6.7m $6.7m 0.00% Unchanged
14 FMR LLC 0.00% of their portfolio BOSTON, MA 4,089,0004.1m $5.9m $5.9m 0.00% Unchanged
15 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 3,049,0003.0m $4.4m $4.4m 0.00% New
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,000,0003.0m $4.3m $4.3m 0.00% Reduced -350.0k -350,000
17 ADVENT CAPITAL MANAGEMENT /DE/ 0.09% of their portfolio NEW YORK, NY 2,912,0002.9m $4.2m $4.2m 0.09% Reduced -281.0k -281,000
18 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 2,500,0002.5m $3.6m $3.6m 0.01% Unchanged
19 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 1,807,0001.8m $2.6m $2.6m 0.00% Unchanged
20 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,460,0001.5m $2.1m $2.1m 0.00% New
21 PALISADE CAPITAL MANAGEMENT, LP 0.04% of their portfolio FORT LEE, NJ 930,000930.0k $1.3m $1.3m 0.04% Unchanged
22 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 421,000421.0k $606.7k $606.7k 0.01% New
23 NOMURA HOLDINGS INC 0.15% of their portfolio TOKYO, M0 410,645410.6k $18.5m $18.5m 0.15% Added +52.4k +52,404
24 SHENKMAN CAPITAL MANAGEMENT INC 0.04% of their portfolio NEW YORK, NY 239,000239.0k $367.2k $367.2k 0.04% Reduced -3.7m -3,681,000
25 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 194,000194.0k $279.8k $279.8k 0.00% Reduced -205.0k -205,000
26 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 150,000150.0k $216.3k $216.3k 0.00% New
27 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged