Vault-13

SPLUNK INC SPLK 0.5 09.15.23

NOTE 0.500% 9/1 · US DOMESTIC · CUSIP 848637AC8

48 institutional holders -10 vs Q1 2023
20,351,00020.4m shares reported held*
$704.0mreported value*
6 new 13 added 13 reduced 16 sold out net bought ≈ $31.7m (+8.4m 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 ≈ $34.59.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 52Q4 22: 49Q1 23: 58Q2 23: 4848Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202252
Q4 202249
Q1 202358
Q2 202348

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 22 bought or addedQ4 22: 24 cut or sold outQ4 22Q1 23: 32 bought or addedQ1 23: 24 cut or sold outQ1 23Q2 23: 19 bought or addedQ2 23: 29 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222224
Q1 20233224
Q2 20231929

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ3 22 calls: $11.3mQ3 22 puts: $20.3mQ3 22P/C 1.80Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$11.3m$20.3m1.80
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$0—

Biggest buyers

MILLENNIUM MANAGEMENT LLC New +48,105,000+48.1m
Radcliffe Capital Management, L.P. Added +42,089,000+42.1m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +35,588,000+35.6m
GLAZER CAPITAL, LLC New +20,058,000+20.1m
WHITEBOX ADVISORS LLC Added +10,000,000+10.0m
MOORE CAPITAL MANAGEMENT, LP New +5,000,000+5.0m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Added +4,000,000+4.0m
CITIGROUP INC Added +3,678,000+3.7m
PALISADE CAPITAL MANAGEMENT, LP Added +3,277,000+3.3m
DEUTSCHE BANK AG\ New +2,700,000+2.7m

Biggest sellers

Point72 Asset Management, L.P. Sold out -28,500,000-28.5m
CITADEL ADVISORS LLC Sold out -18,338,000-18.3m
OAKTREE CAPITAL MANAGEMENT LP Reduced -17,305,000-17.3m
Centiva Capital, LP Sold out -15,000,000-15.0m
JPMORGAN CHASE & CO Sold out -12,861,000-12.9m
ADVENT CAPITAL MANAGEMENT /DE/ Sold out -9,640,000-9.6m
Monashee Investment Management LLC Sold out -9,000,000-9.0m
SHENKMAN CAPITAL MANAGEMENT INC Sold out -8,125,000-8.1m
Daiwa Securities Group Inc. Reduced -8,000,000-8.0m
LORD, ABBETT & CO. LLC Reduced -7,438,000-7.4m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 D. E. Shaw & Co., Inc. 0.20% of their portfolio New York, NY 131,102,000131.1m $129.6m $129.6m 0.20% Unchanged
2 TENOR CAPITAL MANAGEMENT Co., L.P. 1.82% of their portfolio NEW YORK, NY 88,088,00088.1m $87.2m $87.2m 1.82% Added +35.6m +35,588,000
3 VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio ATLANTA, GA 50,070,00050.1m $49.7m $49.7m 0.05% Unchanged
4 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 48,105,00048.1m $47.6m $47.6m 0.05% New
5 LORD, ABBETT & CO. LLC 0.08% of their portfolio JERSEY CITY, NJ 45,482,00045.5m $45.0m $45.0m 0.08% Reduced -7.4m -7,438,000
6 Radcliffe Capital Management, L.P. 3.70% of their portfolio BALA CYNWYD, PA 43,961,00044.0m $43.5m $43.5m 3.70% Added +42.1m +42,089,000
7 Calamos Advisors LLC 0.20% of their portfolio NAPERVILLE, IL 40,070,00040.1m $39.6m $39.6m 0.20% Reduced -2.0k -2,000
8 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio BALA CYNWYD, PA 33,101,00033.1m $32.7m $32.7m 0.05% Reduced -2.5m -2,450,000
9 WHITEBOX ADVISORS LLC 1.30% of their portfolio MINNEAPOLIS, MN 27,220,00027.2m $26.9m $26.9m 1.30% Added +10.0m +10,000,000
10 Aequim Alternative Investments LP 0.88% of their portfolio MILL VALLEY, CA 23,500,00023.5m $23.3m $23.3m 0.88% Unchanged
11 GLAZER CAPITAL, LLC 1.31% of their portfolio New York, NY 20,058,00020.1m $19.8m $19.8m 1.31% New
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 15,548,00015.5m $15.4m $15.4m 0.00% Unchanged
13 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 11,227,00011.2m $11.1m $11.1m 0.00% Unchanged
14 CQS (US), LLC 1.07% of their portfolio NEW YORK, NY 9,000,0009.0m $8.9m $8.9m 1.07% Unchanged
15 PALISADE CAPITAL MANAGEMENT, LP 0.23% of their portfolio FORT LEE, NJ 8,818,0008.8m $8.7m $8.7m 0.23% Added +3.3m +3,277,000
16 SILVERBACK ASSET MANAGEMENT LLC 1.15% of their portfolio DURHAM, NC 8,500,0008.5m $8.4m $8.4m 1.15% Added +1.5m +1,500,000
17 Daiwa Securities Group Inc. 0.05% of their portfolio CHIYODA-KU,TOKYO, M0 7,500,0007.5m $7.4m $7.4m 0.05% Reduced -8.0m -8,000,000
18 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 6,500,0006.5m $6.4m $6.4m 0.00% Reduced -20.0k -20,000
19 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 6,200,0006.2m $6.1m $6.1m 0.01% Added +4.0m +4,000,000
20 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 5,959,0006.0m $5.9m $5.9m 0.01% Added +2.4m +2,441,000
21 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 5,900,0005.9m $5.8m $5.8m 0.02% Unchanged
22 AXA S.A. 0.02% of their portfolio PARIS, I0 5,600,0005.6m $5.5m $5.5m 0.02% Reduced -1.7m -1,730,000
23 Castle Creek Arbitrage, LLC 0.61% of their portfolio AVON, CO 5,000,0005.0m $4.9m $4.9m 0.61% Unchanged
24 MOORE CAPITAL MANAGEMENT, LP 0.12% of their portfolio NEW YORK, NY 5,000,0005.0m $4.9m $4.9m 0.12% New
25 Parallax Volatility Advisers, L.P. 0.17% of their portfolio San Francisco, CA 5,000,0005.0m $4.9m $4.9m 0.17% Unchanged
26 Man Group plc 0.01% of their portfolio LONDON, X0 4,570,0004.6m $4.5m $4.5m 0.01% Reduced -5.0k -5,000
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,107,0004.1m $4.1m $4.1m 0.00% Added +107.0k +107,000
28 BlackRock Inc. 0.00% of their portfolio New York, NY 4,018,0004.0m $4.0m $4.0m 0.00% Reduced -500.0k -500,000
29 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,878,0003.9m $3.8m $3.8m 0.00% Added +3.7m +3,678,000
30 EDMOND DE ROTHSCHILD HOLDING S.A. 0.07% of their portfolio CHAMBESY, V8 3,800,0003.8m $3.8m $3.8m 0.07% Unchanged
31 Amundi 0.00% of their portfolio Paris, I0 3,500,0003.5m $3.5m $3.5m 0.00% Added +1.7m +1,700,000
32 Opti Capital Management, LP 0.25% of their portfolio New York, NY 3,000,0003.0m $3.0m $3.0m 0.25% Unchanged
33 OAKTREE CAPITAL MANAGEMENT LP 0.04% of their portfolio LOS ANGELES, CA 2,833,0002.8m $2.8m $2.8m 0.04% Reduced -17.3m -17,305,000
34 PIPER SANDLER & CO. 2.91% of their portfolio MINNEAPOLIS, MN 2,757,0002.8m $2.7m $2.7m 2.91% Reduced -2.0m -2,000,000
35 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,700,0002.7m $2.7m $2.7m 0.00% New
36 SSI INVESTMENT MANAGEMENT LLC 0.15% of their portfolio Los Angeles, CA 2,135,0002.1m $2.1m $2.1m 0.15% New
37 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 1,547,0001.5m $1.5m $1.5m 0.01% Added +1.4m +1,370,000
38 LBP AM SA 0.03% of their portfolio Paris, I0 1,300,0001.3m $1.3m $1.3m 0.03% Unchanged
39 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 580,000580.0k $573.6k $573.6k 0.00% Unchanged
40 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 469,000469.0k $463.8k $463.8k 0.00% Reduced -106.0k -106,000
41 KBC Group NV 0.00% of their portfolio Brussels, C9 400,000400.0k $396.0k $396.0k 0.00% Unchanged
42 WASHINGTON CAPITAL MANAGEMENT, INC 0.08% of their portfolio SEATTLE, WA 100,000100.0k $98.8k $98.8k 0.08% New
43 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 38,00038.0k $37.6k $37.6k 0.00% Added +8.0k +8,000
44 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 27,00027.0k $26.7k $26.7k 0.00% Added +6.0k +6,000
45 K2 PRINCIPAL FUND, L.P. 4.20% of their portfolio TORONTO, A6 13,33913.3k $13.2m $13.2m 4.20% Unchanged
46 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 8,0008.0k $7.9k $7.9k 0.00% Reduced -3.3m -3,320,000
47 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,0001.0k $989 $989 0.00% Reduced -23.0k -23,000
48 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged