Vault-13

SUNNOVA ENERGY INTL INC. NOVA 0.25 12.01.26

NOTE 0.250%12/0 · US DOMESTIC · CUSIP 86745KAF1

39 institutional holders -3 vs Q1 2023
11,425,00011.4m shares reported held*
$399.4mreported value*
2 new 13 added 12 reduced 5 sold out net sold ≈ $19.1m (-2.1m 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 ($7.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $35.65. Options: 0 managers hold calls (— notional), 1 hold puts ($13.0m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 46Q4 22: 46Q1 23: 42Q2 23: 3939Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202246
Q4 202246
Q1 202342
Q2 202339

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 19 bought or addedQ4 22: 19 cut or sold outQ4 22Q1 23: 17 bought or addedQ1 23: 22 cut or sold outQ1 23Q2 23: 15 bought or addedQ2 23: 17 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221919
Q1 20231722
Q2 20231517

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $13.0mQ2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$13.0m—

Biggest buyers

Nuveen Asset Management, LLC Added +15,000,000+15.0m
Point72 Asset Management, L.P. Added +9,000,000+9.0m
TWO SIGMA INVESTMENTS, LP Added +8,000,000+8.0m
DeepCurrents Investment Group LLC Added +6,000,000+6.0m
HIGHBRIDGE CAPITAL MANAGEMENT LLC New +6,000,000+6.0m
Segantii Capital Management Ltd New +4,000,000+4.0m
WHITEBOX ADVISORS LLC Added +3,500,000+3.5m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +3,500,000+3.5m
D. E. Shaw & Co., Inc. Added +3,000,000+3.0m
Linden Advisors LP Added +2,500,000+2.5m

Biggest sellers

Diameter Capital Partners LP Reduced -37,500,000-37.5m
AQR Arbitrage LLC Sold out -20,650,000-20.6m
MORGAN STANLEY Reduced -6,824,000-6.8m
AVIVA PLC Reduced -5,400,000-5.4m
Shaolin Capital Management LLC Sold out -5,000,000-5.0m
ROYAL BANK OF CANADA Sold out -4,000,000-4.0m
BANK OF MONTREAL /CAN/ Reduced -3,115,000-3.1m
Magnetar Financial LLC Reduced -1,900,000-1.9m
JANE STREET GROUP, LLC Reduced -1,900,000-1.9m
GOLDMAN SACHS GROUP INC Reduced -1,500,000-1.5m

Biggest calls

None

Biggest puts

Shaolin Capital Management LLC New $13.0m16.5m shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WHITEBOX ADVISORS LLC 4.03% of their portfolio MINNEAPOLIS, MN 106,400,000106.4m $83.4m $83.4m 4.03% Added +3.5m +3,500,000
2 D. E. Shaw & Co., Inc. 0.10% of their portfolio New York, NY 79,250,00079.2m $62.4m $62.4m 0.10% Added +3.0m +3,000,000
3 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio BALA CYNWYD, PA 51,200,00051.2m $40.1m $40.1m 0.06% Added +3.5m +3,500,000
4 TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio NEW YORK, NY 37,300,00037.3m $29.2m $29.2m 0.08% Added +8.0m +8,000,000
5 DeepCurrents Investment Group LLC 1.06% of their portfolio NEW YORK, NY 31,310,00031.3m $24.7m $24.7m 1.06% Added +6.0m +6,000,000
6 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 30,000,00030.0m $23.7m $23.7m 0.01% Added +15.0m +15,000,000
7 Diameter Capital Partners LP 7.44% of their portfolio New York, NY 21,800,00021.8m $17.2m $17.2m 7.44% Reduced -37.5m -37,500,000
8 AVIVA PLC 0.06% of their portfolio LONDON, X0 18,100,00018.1m $14.1m $14.1m 0.06% Reduced -5.4m -5,400,000
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 13,979,00014.0m $11.0m $11.0m 0.00% Added +1.6m +1,650,000
10 Linden Advisors LP 0.11% of their portfolio New York, NY 13,650,00013.7m $10.8m $10.8m 0.11% Added +2.5m +2,500,000
11 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 11,225,00011.2m $8.6m $8.6m 0.01% Reduced -1.9m -1,900,000
12 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 10,500,00010.5m $8.3m $8.3m 0.03% Added +9.0m +9,000,000
13 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 10,000,00010.0m $7.9m $7.9m 0.04% Unchanged
14 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 9,000,0009.0m $7.0m $7.0m 0.01% Unchanged
15 Magnetar Financial LLC 0.12% of their portfolio EVANSTON, IL 7,000,0007.0m $5.5m $5.5m 0.12% Reduced -1.9m -1,900,000
16 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 6,000,0006.0m $4.7m $4.7m 0.00% Reduced -1.5m -1,500,000
17 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.28% of their portfolio NEW YORK, NY 6,000,0006.0m $4.7m $4.7m 0.28% New
18 Man Group plc 0.01% of their portfolio LONDON, X0 5,350,0005.3m $4.2m $4.2m 0.01% Unchanged
19 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 5,000,0005.0m $3.9m $3.9m 0.00% Unchanged
20 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 5,000,0005.0m $3.9m $3.9m 0.00% Unchanged
21 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 5,000,0005.0m $3.9m $3.9m 0.01% Unchanged
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,578,0004.6m $3.6m $3.6m 0.00% Reduced -6.8m -6,824,000
23 Segantii Capital Management Ltd 0.19% of their portfolio HONG KONG, K3 4,000,0004.0m $3.2m $3.2m 0.19% New
24 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,885,0003.9m $3.0m $3.0m 0.00% Reduced -3.1m -3,115,000
25 BlackRock Inc. 0.00% of their portfolio New York, NY 3,250,0003.2m $2.5m $2.5m 0.00% Reduced -100.0k -100,000
26 SSI INVESTMENT MANAGEMENT LLC 0.14% of their portfolio Los Angeles, CA 2,500,0002.5m $2.0m $2.0m 0.14% Unchanged
27 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 2,050,0002.0m $1.6m $1.6m 0.00% Reduced -250.0k -250,000
28 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,859,0001.9m $1.5m $1.5m 0.00% Added +1.5m +1,500,000
29 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,681,0001.7m $1.3m $1.3m 0.00% Added +1.4m +1,450,000
30 FMR LLC 0.00% of their portfolio BOSTON, MA 400,000400.0k $313.4k $313.4k 0.00% Reduced -400.0k -400,000
31 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 300,000300.0k $237.3k $237.3k 0.00% Unchanged
32 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 250,000250.0k $195.9k $195.9k 0.00% Unchanged
33 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 250,000250.0k $196.7k $196.7k 0.00% Reduced -125.0k -125,000
34 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 200,000200.0k $156.7k $156.7k 0.00% Unchanged
35 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $158.0k $158.0k 0.00% Unchanged
36 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 163,000163.0k $127.8k $127.8k 0.00% Reduced -381.0k -381,000
37 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 113,000113.0k $88.5k $88.5k 0.00% Added +44.0k +44,000
38 Verition Fund Management LLC 0.12% of their portfolio GREENWICH, CT 10,01110.0k $7.9m $7.9m 0.12% Added +1.9k +1,919
39 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged