Vault-13

PENGUIN SOLUTIONS INC PENG 2 08.15.30

NOTE 2.000% 8/1 · US DOMESTIC · CUSIP 83205YAE4

14 institutional holders -1 vs Q1 2026
5,000,0005.0m shares reported held*
$530.1mreported value*
5 new 3 added 4 reduced 5 sold out net bought ≈ $126.9m (+5.0m 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 ≈ $106.03.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

01020Q3 25: 16Q4 25: 14Q1 26: 15Q2 26: 1414Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 202516
Q4 202514
Q1 202615
Q2 202614

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q4 25: 5 bought or addedQ4 25: 6 cut or sold outQ4 25Q1 26: 3 bought or addedQ1 26: 7 cut or sold outQ1 26Q2 26: 8 bought or addedQ2 26: 9 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 202556
Q1 202637
Q2 202689

Biggest buyers

Linden Advisors LP Added +64,369,000+64.4m
Graham Capital Management, L.P. New +42,250,000+42.2m
Verition Fund Management LLC New +10,000,000+10.0m
Jump Financial, LLC New +8,500,000+8.5m
ABSOLUTE INVESTMENT ADVISERS, LLC New +5,000,000+5.0m
D. E. Shaw & Co., Inc. New +4,000,000+4.0m
JPMORGAN CHASE & CO Added +137,000+137.0k
FMR LLC Added +10,000+10.0k

Biggest sellers

Mirabaud Asset Management (France) SAS Sold out -22,306,000-22.3m
AQR Arbitrage LLC Sold out -17,421,000-17.4m
BNP PARIBAS FINANCIAL MARKETS Reduced -13,426,000-13.4m
STEELHEAD PARTNERS LLC Reduced -13,000,000-13.0m
Empyrean Capital Partners, LP Sold out -10,500,000-10.5m
LAZARD ASSET MANAGEMENT LLC Reduced -5,518,000-5.5m
KIM, LLC Reduced -4,650,000-4.7m
SHENKMAN CAPITAL MANAGEMENT INC Sold out -4,000,000-4.0m
SILVERBACK ASSET MANAGEMENT LLC Sold out -3,985,000-4.0m

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.44% of their portfolio New York, NY 97,869,00097.9m $277.4m $277.4m 1.44% Added +64.4m +64,369,000
2 Graham Capital Management, L.P. 3.21% of their portfolio ROWAYTON, CT 42,250,00042.2m $119.9m $119.9m 3.21% New
3 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 10,000,00010.0m $7.7m $7.7m 0.00% Unchanged
4 STEELHEAD PARTNERS LLC 2.02% of their portfolio SEATTLE, WA 10,000,00010.0m $28.4m $28.4m 2.02% Reduced -13.0m -13,000,000
5 Verition Fund Management LLC 0.20% of their portfolio GREENWICH, CT 10,000,00010.0m $28.4m $28.4m 0.20% New
6 Jump Financial, LLC 0.22% of their portfolio Chicago, IL 8,500,0008.5m $24.1m $24.1m 0.22% New
7 ABSOLUTE INVESTMENT ADVISERS, LLC 1.37% of their portfolio ROSEMARY BEACH, FL 5,000,0005.0m $14.1m $14.1m 1.37% New
8 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 4,743,0004.7m $134.5k $134.5k 0.00% Reduced -5.5m -5,518,000
9 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 4,000,0004.0m $11.3m $11.3m 0.01% New
10 KIM, LLC 1.16% of their portfolio WICHITA, KS 3,000,0003.0m $8.5m $8.5m 1.16% Reduced -4.7m -4,650,000
11 FMR LLC 0.00% of their portfolio BOSTON, MA 2,830,0002.8m $8.0m $8.0m 0.00% Added +10.0k +10,000
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,372,0001.4m $1.1m $1.1m 0.00% Added +137.0k +137,000
13 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 276,000276.0k $781.4k $781.4k 0.00% Reduced -13.4m -13,426,000
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 100,000100.0k $283.1k $283.1k 0.00% Unchanged