Vault-13

SPLUNK INC SPLK 1.125 09.15.25

NOTE 1.125% 9/1 · US DOMESTIC · CUSIP 848637AD6

74 institutional holders +4 vs Q4 2022
22,288,51422.3m shares reported held*
$836.1mreported value*
10 new 19 added 23 reduced 7 sold out net bought ≈ $27.9m (+9.7m 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 ≈ $37.51.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 70Q4 22: 70Q1 23: 7474Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202270
Q4 202270
Q1 202374

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 24 bought or addedQ4 22: 36 cut or sold outQ4 22Q1 23: 29 bought or addedQ1 23: 30 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222436
Q1 20232930

Biggest buyers

LAZARD ASSET MANAGEMENT LLC Added +25,068,000+25.1m
MacKay Shields LLC Added +21,113,000+21.1m
VOYA INVESTMENT MANAGEMENT LLC Added +17,500,000+17.5m
FMR LLC Added +13,977,000+14.0m
BNP PARIBAS FINANCIAL MARKETS Added +10,301,000+10.3m
STEELHEAD PARTNERS LLC New +8,342,000+8.3m
Polar Capital Holdings Plc New +6,500,000+6.5m
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +3,746,000+3.7m
SHENKMAN CAPITAL MANAGEMENT INC Added +3,319,000+3.3m
BlackRock Inc. Added +2,610,000+2.6m

Biggest sellers

Lombard Odier Asset Management (Europe) Ltd Reduced -19,513,000-19.5m
TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -13,000,000-13.0m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -11,684,000-11.7m
D. E. Shaw & Co., Inc. Sold out -8,956,000-9.0m
JPMORGAN CHASE & CO Reduced -8,532,000-8.5m
Point72 Asset Management, L.P. Reduced -7,500,000-7.5m
GOLDMAN SACHS GROUP INC Reduced -4,650,000-4.7m
AVIVA PLC Sold out -3,500,000-3.5m
STATE STREET CORP Reduced -3,200,000-3.2m
RWC Asset Management LLP Reduced -2,600,000-2.6m

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LAZARD ASSET MANAGEMENT LLC 0.16% of their portfolio NEW YORK, NY 125,250,000125.2m $121.5m $121.5m 0.16% Added +25.1m +25,068,000
2 VOYA INVESTMENT MANAGEMENT LLC 0.12% of their portfolio ATLANTA, GA 111,300,000111.3m $108.0m $108.0m 0.12% Added +17.5m +17,500,000
3 ADVENT CAPITAL MANAGEMENT /DE/ 1.28% of their portfolio NEW YORK, NY 68,944,00068.9m $66.9m $66.9m 1.28% Reduced -11.7m -11,684,000
4 Calamos Advisors LLC 0.19% of their portfolio NAPERVILLE, IL 38,576,00038.6m $37.3m $37.3m 0.19% Added +354.0k +354,000
5 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 31,450,00031.4m $30.5m $30.5m 0.02% Reduced -30.0k -30,000
6 Lombard Odier Asset Management (Europe) Ltd 1.57% of their portfolio LONDON, X0 31,297,00031.3m $30.3m $30.3m 1.57% Reduced -19.5m -19,513,000
7 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 29,744,00029.7m $28.8m $28.8m 0.01% Reduced -4.7m -4,650,000
8 BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio PARIS, I0 28,792,00028.8m $27.8m $27.8m 0.06% Added +10.3m +10,301,000
9 FMR LLC 0.00% of their portfolio BOSTON, MA 27,954,00028.0m $27.0m $27.0m 0.00% Added +14.0m +13,977,000
10 BlackRock Inc. 0.00% of their portfolio New York, NY 27,336,00027.3m $26.5m $26.5m 0.00% Added +2.6m +2,610,000
11 MacKay Shields LLC 0.68% of their portfolio New York, NY 25,584,00025.6m $24.8m $24.8m 0.68% Added +21.1m +21,113,000
12 Lodbrok Capital LLP 9.43% of their portfolio LONDON, X0 21,225,00021.2m $20.5m $20.5m 9.43% Unchanged
13 SHENKMAN CAPITAL MANAGEMENT INC 1.53% of their portfolio NEW YORK, NY 20,832,00020.8m $20.2m $20.2m 1.53% Added +3.3m +3,319,000
14 SSI INVESTMENT MANAGEMENT LLC 1.38% of their portfolio Los Angeles, CA 20,275,00020.3m $19.6m $19.6m 1.38% Reduced -962.0k -962,000
15 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 19,263,00019.3m $18.5m $18.5m 0.03% Reduced -500.0k -500,000
16 CQS (US), LLC 2.36% of their portfolio NEW YORK, NY 19,250,00019.2m $18.7m $18.7m 2.36% Unchanged
17 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 17,351,00017.4m $16.8m $16.8m 0.00% Reduced -3.2m -3,200,000
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 16,658,00016.7m $16.1m $16.1m 0.00% Reduced -812.0k -812,000
19 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 14,856,00014.9m $14.4m $14.4m 0.00% Reduced -1.4m -1,412,000
20 AXA S.A. 0.04% of their portfolio PARIS, I0 11,540,00011.5m $11.2m $11.2m 0.04% Unchanged
21 Man Group plc 0.04% of their portfolio LONDON, X0 10,847,00010.8m $10.5m $10.5m 0.04% Added +900.0k +900,000
22 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 10,631,00010.6m $10.2m $10.2m 0.01% Added +1.2m +1,200,000
23 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 10,500,00010.5m $10.2m $10.2m 0.04% Reduced -7.5m -7,500,000
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 9,369,0009.4m $9.1m $9.1m 0.00% Reduced -620.0k -620,000
25 STEELHEAD PARTNERS LLC 0.53% of their portfolio SEATTLE, WA 8,342,0008.3m $8.1m $8.1m 0.53% New
26 Amundi 0.00% of their portfolio Paris, I0 8,000,0008.0m $7.7m $7.7m 0.00% Unchanged
27 Parallax Volatility Advisers, L.P. 0.24% of their portfolio San Francisco, CA 7,000,0007.0m $6.8m $6.8m 0.24% Unchanged
28 PALISADE CAPITAL MANAGEMENT, LP 0.18% of their portfolio FORT LEE, NJ 6,834,0006.8m $6.6m $6.6m 0.18% Reduced -1.0m -1,000,000
29 RWC Asset Management LLP 0.19% of their portfolio LONDON, X0 6,500,0006.5m $6.3m $6.3m 0.19% Reduced -2.6m -2,600,000
30 Polar Capital Holdings Plc 0.05% of their portfolio London, X0 6,500,0006.5m $6.3m $6.3m 0.05% New
31 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 5,672,0005.7m $5.5m $5.5m 0.00% Added +300.0k +300,000
32 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 4,742,0004.7m $4.6m $4.6m 0.01% Reduced -1.3m -1,253,000
33 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,500,0004.5m $4.3m $4.3m 0.01% Unchanged
34 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 4,039,0004.0m $3.9m $3.9m 0.00% Added +523.0k +523,000
35 TENOR CAPITAL MANAGEMENT Co., L.P. 0.08% of their portfolio NEW YORK, NY 4,010,0004.0m $3.9m $3.9m 0.08% Reduced -13.0m -13,000,000
36 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 3,746,0003.7m $3.6m $3.6m 0.01% New
37 OAKTREE CAPITAL MANAGEMENT LP 0.04% of their portfolio LOS ANGELES, CA 3,288,0003.3m $3.2m $3.2m 0.04% Unchanged
38 Birch Grove Capital LP 2.67% of their portfolio New York, NY 3,000,0003.0m $2.9m $2.9m 2.67% Unchanged
39 INGALLS & SNYDER LLC 0.14% of their portfolio NEW YORK, NY 2,794,0002.8m $2.7m $2.7m 0.14% Added +15.0k +15,000
40 CAMDEN ASSET MANAGEMENT L P /CA 0.08% of their portfolio Los Angeles, CA 2,550,0002.5m $2.5m $2.5m 0.08% Reduced -400.0k -400,000
41 JUPITER ASSET MANAGEMENT LTD 0.03% of their portfolio London, X0 2,500,0002.5m $2.4m $2.4m 0.03% Unchanged
42 Maven Securities LTD 0.39% of their portfolio ST HELIER, Y9 2,500,0002.5m $2.5m $2.5m 0.39% New
43 ZAZOVE ASSOCIATES LLC 0.19% of their portfolio INCLINE VILLAGE, NV 2,170,0002.2m $2.1m $2.1m 0.19% Reduced -400.0k -400,000
44 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,060,0002.1m $2.0m $2.0m 0.00% Added +150.0k +150,000
45 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 2,000,0002.0m $1.9m $1.9m 0.00% New
46 EDMOND DE ROTHSCHILD HOLDING S.A. 0.04% of their portfolio CHAMBESY, V8 2,000,0002.0m $1.9m $1.9m 0.04% Unchanged
47 ABN AMRO INVESTMENT SOLUTIONS 0.04% of their portfolio PARIS CEDEX 008, I0 2,000,0002.0m $1.9m $1.9m 0.04% First filing
48 Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio ZURICH, V8 1,450,0001.4m $1.4m $1.4m 0.01% Reduced -450.0k -450,000
49 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,200,0001.2m $1.2m $1.2m 0.00% New
50 LBP AM SA 0.02% of their portfolio Paris, I0 850,000850.0k $825.2k $825.2k 0.02% Unchanged
51 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 801,000801.0k $777.0k $777.0k 0.00% Reduced -8.5m -8,532,000
52 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 650,000650.0k $630.6k $630.6k 0.00% Reduced -200.0k -200,000
53 WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio CHICAGO, IL 500,000500.0k $485.0k $485.0k 0.01% New
54 WESTWOOD HOLDINGS GROUP INC 0.00% of their portfolio DALLAS, TX 427,000427.0k $413.0k $413.0k 0.00% Unchanged
55 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 417,000417.0k $403.5k $403.5k 0.01% Unchanged
56 Calamos Wealth Management LLC 0.03% of their portfolio NAPERVILLE, IL 394,000394.0k $381.1k $381.1k 0.03% Added +27.0k +27,000
57 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 375,000375.0k $362.9k $362.9k 0.00% Added +175.0k +175,000
58 PIER 88 INVESTMENT PARTNERS LLC 0.09% of their portfolio SAN FRANCISCO, CA 370,000370.0k $358.9k $358.9k 0.09% Added +180.0k +180,000
59 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $291.0k $291.0k 0.00% Unchanged
60 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 139,000139.0k $134.8k $134.8k 0.00% Unchanged
61 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 77,00077.0k $74.5k $74.5k 0.00% Added +3.0k +3,000
62 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 64,00064.0k $62.0k $62.0k 0.00% Unchanged
63 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 43,00043.0k $41.6k $41.6k 0.00% Unchanged
64 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 26,00026.0k $25.2k $25.2k 0.00% Unchanged
65 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 23,00023.0k $22.1k $22.1k 0.01% Unchanged
66 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 14,00014.0k $13.6k $13.6k 0.00% Reduced -4.0k -4,000
67 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 12,00012.0k $11.6k $11.6k 0.00% Reduced -8.0k -8,000
68 Iron Horse Wealth Management, LLC 0.00% of their portfolio JOHSTON, IA 9,0009.0k $8.7k $8.7k 0.00% New
69 UBS Group AG 0.00% of their portfolio ZURICH, V8 6,0006.0k $5.8k $5.8k 0.00% Reduced -4.0k -4,000
70 K2 PRINCIPAL FUND, L.P. 1.17% of their portfolio TORONTO, A6 4,4154.4k $4.3m $4.3m 1.17% New
71 Candriam S.C.A. 0.02% of their portfolio STRASSEN, N4 3,5003.5k $3.1m $3.1m 0.02% Unchanged
72 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 3,0003.0k $290.3k $290.3k 0.00% New
73 LAFFER TENGLER INVESTMENTS, INC. 0.40% of their portfolio Scottsdale, AZ 1,5141.5k $1.5m $1.5m 0.40% Added +56 +56
74 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged