Vault-13

SPLUNK INC SPLK 1.125 09.15.25

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

77 institutional holders +3 vs Q1 2023
25,645,61825.6m shares reported held*
$4.2bnreported value*
10 new 19 added 25 reduced 8 sold out net sold ≈ $45.4m (+1.7m 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 ≈ $162.85.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 70Q4 22: 70Q1 23: 74Q2 23: 7777Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202270
Q4 202270
Q1 202374
Q2 202377

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 23Q2 23: 29 bought or addedQ2 23: 33 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222436
Q1 20232930
Q2 20232933

Biggest buyers

SG Americas Securities, LLC New +33,533,500+33.5m
MacKay Shields LLC Added +14,475,000+14.5m
SHENKMAN CAPITAL MANAGEMENT INC Added +14,142,000+14.1m
STATE STREET CORP Added +7,100,000+7.1m
JPMORGAN CHASE & CO Added +6,486,000+6.5m
READYSTATE ASSET MANAGEMENT LP New +5,000,000+5.0m
MORGAN STANLEY Added +4,926,000+4.9m
TORONTO DOMINION BANK Added +4,000,000+4.0m
OAKTREE CAPITAL MANAGEMENT LP Added +3,772,000+3.8m
BANK OF AMERICA CORP /DE/ New +2,608,000+2.6m

Biggest sellers

LAZARD ASSET MANAGEMENT LLC Reduced -30,500,000-30.5m
BNP PARIBAS FINANCIAL MARKETS Reduced -20,470,000-20.5m
Lodbrok Capital LLP Reduced -14,000,000-14.0m
FMR LLC Reduced -13,977,000-14.0m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -11,381,000-11.4m
GOLDMAN SACHS GROUP INC Reduced -11,186,000-11.2m
Point72 Asset Management, L.P. Sold out -10,500,000-10.5m
WELLS FARGO & COMPANY/MN Reduced -6,777,000-6.8m
STEELHEAD PARTNERS LLC Reduced -4,842,000-4.8m
Birch Grove Capital LP Sold out -3,000,000-3.0m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.11% of their portfolio ATLANTA, GA 110,430,000110.4m $110.7m $110.7m 0.11% Reduced -870.0k -870,000
2 LAZARD ASSET MANAGEMENT LLC 0.12% of their portfolio NEW YORK, NY 94,750,00094.8m $95.0m $95.0m 0.12% Reduced -30.5m -30,500,000
3 ADVENT CAPITAL MANAGEMENT /DE/ 1.16% of their portfolio NEW YORK, NY 57,563,00057.6m $57.7m $57.7m 1.16% Reduced -11.4m -11,381,000
4 MacKay Shields LLC 1.12% of their portfolio New York, NY 40,059,00040.1m $40.1m $40.1m 1.12% Added +14.5m +14,475,000
5 Calamos Advisors LLC 0.20% of their portfolio NAPERVILLE, IL 38,358,00038.4m $38.5m $38.5m 0.20% Reduced -218.0k -218,000
6 SHENKMAN CAPITAL MANAGEMENT INC 2.74% of their portfolio NEW YORK, NY 34,974,00035.0m $35.1m $35.1m 2.74% Added +14.1m +14,142,000
7 SG Americas Securities, LLC 28.69% of their portfolio NEW YORK, NY 33,533,50033.5m $3.4bn $3.4bn 28.69% New
8 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 31,450,00031.4m $31.5m $31.5m 0.01% Unchanged
9 Lombard Odier Asset Management (Europe) Ltd 1.41% of their portfolio LONDON, X0 29,153,00029.2m $29.2m $29.2m 1.41% Reduced -2.1m -2,144,000
10 BlackRock Inc. 0.00% of their portfolio New York, NY 27,536,00027.5m $27.5m $27.5m 0.00% Added +200.0k +200,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 24,451,00024.5m $24.6m $24.6m 0.00% Added +7.1m +7,100,000
12 SSI INVESTMENT MANAGEMENT LLC 1.41% of their portfolio Los Angeles, CA 20,154,00020.2m $20.2m $20.2m 1.41% Reduced -121.0k -121,000
13 CQS (US), LLC 2.32% of their portfolio NEW YORK, NY 19,250,00019.2m $19.3m $19.3m 2.32% Unchanged
14 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 18,558,00018.6m $18.6m $18.6m 0.00% Reduced -11.2m -11,186,000
15 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 18,263,00018.3m $18.3m $18.3m 0.03% Reduced -1.0m -1,000,000
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 16,304,00016.3m $16.3m $16.3m 0.00% Reduced -354.0k -354,000
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 14,295,00014.3m $14.3m $14.3m 0.00% Added +4.9m +4,926,000
18 FMR LLC 0.00% of their portfolio BOSTON, MA 13,977,00014.0m $14.0m $14.0m 0.00% Reduced -14.0m -13,977,000
19 AXA S.A. 0.04% of their portfolio PARIS, I0 11,540,00011.5m $11.6m $11.6m 0.04% Unchanged
20 Man Group plc 0.03% of their portfolio LONDON, X0 9,916,0009.9m $9.9m $9.9m 0.03% Reduced -931.0k -931,000
21 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 8,631,0008.6m $8.3m $8.3m 0.01% Reduced -2.0m -2,000,000
22 Amundi 0.00% of their portfolio Paris, I0 8,551,0008.6m $8.5m $8.5m 0.00% Added +551.0k +551,000
23 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 8,322,0008.3m $8.4m $8.4m 0.02% Reduced -20.5m -20,470,000
24 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,079,0008.1m $8.1m $8.1m 0.00% Reduced -6.8m -6,777,000
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,287,0007.3m $7.3m $7.3m 0.00% Added +6.5m +6,486,000
26 Lodbrok Capital LLP 3.62% of their portfolio LONDON, X0 7,225,0007.2m $7.3m $7.3m 3.62% Reduced -14.0m -14,000,000
27 OAKTREE CAPITAL MANAGEMENT LP 0.10% of their portfolio LOS ANGELES, CA 7,060,0007.1m $7.1m $7.1m 0.10% Added +3.8m +3,772,000
28 Parallax Volatility Advisers, L.P. 0.24% of their portfolio San Francisco, CA 7,000,0007.0m $7.0m $7.0m 0.24% Unchanged
29 Polar Capital Holdings Plc 0.04% of their portfolio London, X0 6,500,0006.5m $6.5m $6.5m 0.04% Unchanged
30 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 6,000,0006.0m $6.0m $6.0m 0.00% Added +4.0m +4,000,000
31 RWC Asset Management LLP 0.25% of their portfolio LONDON, X0 5,200,0005.2m $5.2m $5.2m 0.25% Reduced -1.3m -1,300,000
32 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 5,000,0005.0m $5.0m $5.0m 0.01% Added +1.3m +1,254,000
33 READYSTATE ASSET MANAGEMENT LP 0.50% of their portfolio CHICAGO, IL 5,000,0005.0m $5.0m $5.0m 0.50% New
34 PALISADE CAPITAL MANAGEMENT, LP 0.13% of their portfolio FORT LEE, NJ 4,924,0004.9m $4.9m $4.9m 0.13% Reduced -1.9m -1,910,000
35 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,500,0004.5m $4.5m $4.5m 0.01% Unchanged
36 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 4,181,0004.2m $4.2m $4.2m 0.00% Added +142.0k +142,000
37 TENOR CAPITAL MANAGEMENT Co., L.P. 0.08% of their portfolio NEW YORK, NY 4,010,0004.0m $4.0m $4.0m 0.08% Unchanged
38 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 3,604,0003.6m $3.6m $3.6m 0.00% Reduced -1.1m -1,138,000
39 STEELHEAD PARTNERS LLC 0.22% of their portfolio SEATTLE, WA 3,500,0003.5m $3.5m $3.5m 0.22% Reduced -4.8m -4,842,000
40 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,956,0003.0m $3.0m $3.0m 0.00% Reduced -2.7m -2,716,000
41 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,608,0002.6m $2.6m $2.6m 0.00% New
42 CAMDEN ASSET MANAGEMENT L P /CA 0.09% of their portfolio Los Angeles, CA 2,550,0002.5m $2.5m $2.5m 0.09% Unchanged
43 JUPITER ASSET MANAGEMENT LTD 0.03% of their portfolio London, X0 2,500,0002.5m $2.5m $2.5m 0.03% Unchanged
44 ZAZOVE ASSOCIATES LLC 0.20% of their portfolio INCLINE VILLAGE, NV 2,170,0002.2m $2.2m $2.2m 0.20% Unchanged
45 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,060,0002.1m $2.1m $2.1m 0.00% Unchanged
46 EDMOND DE ROTHSCHILD HOLDING S.A. 0.04% of their portfolio CHAMBESY, V8 2,000,0002.0m $2.0m $2.0m 0.04% Unchanged
47 ABN AMRO INVESTMENT SOLUTIONS 0.04% of their portfolio PARIS CEDEX 008, I0 2,000,0002.0m $2.0m $2.0m 0.04% Unchanged
48 INGALLS & SNYDER LLC 0.10% of their portfolio NEW YORK, NY 1,988,0002.0m $2.0m $2.0m 0.10% Reduced -806.0k -806,000
49 COMERICA BANK 0.00% of their portfolio DALLAS, TX 1,689,0001.7m $9 $9 0.00% First filing
50 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,669,0001.7m $1.7m $1.7m 0.00% New
51 LBP AM SA 0.03% of their portfolio Paris, I0 1,350,0001.4m $1.4m $1.4m 0.03% Added +500.0k +500,000
52 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 950,000950.0k $951.9k $951.9k 0.00% Reduced -500.0k -500,000
53 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 950,000950.0k $952.2k $952.2k 0.00% Added +300.0k +300,000
54 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 499,000499.0k $499.0k $499.0k 0.00% Added +124.0k +124,000
55 WESTWOOD HOLDINGS GROUP INC 0.00% of their portfolio DALLAS, TX 427,000427.0k $430.0k $430.0k 0.00% Unchanged
56 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 400,000400.0k $400.0k $400.0k 0.00% New
57 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 382,000382.0k $382.0k $382.0k 0.01% Reduced -35.0k -35,000
58 PIER 88 INVESTMENT PARTNERS LLC 0.09% of their portfolio SAN FRANCISCO, CA 370,000370.0k $370.9k $370.9k 0.09% Unchanged
59 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 347,000347.0k $347.8k $347.8k 0.00% New
60 Calamos Wealth Management LLC 0.03% of their portfolio NAPERVILLE, IL 339,000339.0k $340.4k $340.4k 0.03% Reduced -55.0k -55,000
61 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $302.0k $302.0k 0.00% Unchanged
62 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 139,000139.0k $139.3k $139.3k 0.00% Unchanged
63 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 92,00092.0k $92.0k $92.0k 0.00% Added +15.0k +15,000
64 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 86,00086.0k $86.0k $86.0k 0.00% Added +22.0k +22,000
65 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 55,00055.0k $55.0k $55.0k 0.00% New
66 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 43,00043.0k $43.0k $43.0k 0.00% Unchanged
67 Oaktree Fund Advisors, LLC 0.02% of their portfolio LOS ANGLES, CA 28,00028.0k $28.1k $28.1k 0.02% New
68 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 26,00026.0k $26.0k $26.0k 0.00% Unchanged
69 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 23,00023.0k $23.0k $23.0k 0.00% Added +9.0k +9,000
70 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 21,00021.0k $21.0k $21.0k 0.01% Reduced -2.0k -2,000
71 NINE MASTS CAPITAL Ltd 13.82% of their portfolio CENTRAL, K3 18,00018.0k $18.0m $18.0m 13.82% New
72 Iron Horse Wealth Management, LLC 0.00% of their portfolio JOHSTON, IA 9,0009.0k $9.0k $9.0k 0.00% Unchanged
73 K2 PRINCIPAL FUND, L.P. 1.73% of their portfolio TORONTO, A6 5,4155.4k $5.4m $5.4m 1.73% Added +1.0k +1,000
74 Candriam S.C.A. 0.03% of their portfolio STRASSEN, N4 3,5003.5k $3.5m $3.5m 0.03% Unchanged
75 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 3,0003.0k $300.0k $300.0k 0.00% New
76 LAFFER TENGLER INVESTMENTS, INC. 0.70% of their portfolio Scottsdale, AZ 2,6182.6k $2.6m $2.6m 0.70% Added +1.1k +1,104
77 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged