SUPER MICRO COMPUTER INC SMCI 3.5 03.01.29
NOTE 3.500% 3/0 · US DOMESTIC · CUSIP 86800UAB0
68
institutional holders
+6 vs Q3 2025
167.2m
shares reported held*
$1.5bnreported value*
15 new
26 added
14 reduced
11 sold out
net bought ≈ $3.2m (-23.7m 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 ($2.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.03.
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2025 | 43 |
| Q2 2025 | 49 |
| Q3 2025 | 62 |
| Q4 2025 | 68 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2025 | 22 | 18 |
| Q3 2025 | 40 | 20 |
| Q4 2025 | 41 | 25 |
Biggest buyers
| Context Capital Management, LLC | Added | +97.3m |
| BANK OF MONTREAL /CAN/ | New | +50.0m |
| AQR Arbitrage LLC | Added | +35.0m |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Added | +30.0m |
| WOLVERINE ASSET MANAGEMENT LLC | Added | +27.0m |
| DLD Asset Management, LP | New | +21.5m |
| LMR Partners LLP | Added | +19.0m |
| BNP PARIBAS FINANCIAL MARKETS | Added | +15.7m |
| TUDOR INVESTMENT CORP ET AL | Added | +15.0m |
| Jump Financial, LLC | Added | +11.5m |
Biggest sellers
| Linden Advisors LP | Reduced | -186.8m |
| D. E. Shaw & Co., Inc. | Sold out | -45.3m |
| BlackRock, Inc. | Reduced | -31.4m |
| Weiss Asset Management LP | Reduced | -26.5m |
| LORD, ABBETT & CO. LLC | Reduced | -16.1m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -14.7m |
| Ghisallo Capital Management LLC | Sold out | -12.5m |
| MORGAN STANLEY | Reduced | -11.9m |
| WHITEBOX ADVISORS LLC | Reduced | -10.0m |
| Sculptor Capital LP | Reduced | -7.5m |
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| WOLVERINE ASSET MANAGEMENT LLC 2.08% of their portfolio | 163.9m $146.0m | Added +27.0m |
| WHITEBOX ADVISORS LLC 2.27% of their portfolio | 153.1m $136.1m | Reduced -10.0m |
| ARISTEIA CAPITAL, L.L.C. 3.07% of their portfolio | 120.9m $107.9m | Added +7.0m |
| Weiss Asset Management LP 1.41% of their portfolio | 111.1m $99.4m | Reduced -26.5m |
| Context Capital Management, LLC 2.24% of their portfolio | 97.4m $86.9m | Added +97.3m |
| TUDOR INVESTMENT CORP ET AL 0.43% of their portfolio | 88.3m $78.8m | Added +15.0m |
| Linden Advisors LP 0.43% of their portfolio | 77.9m $69.5m | Reduced -186.8m |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.76% of their portfolio | 60.0m $54.1m | Unchanged |
| Calamos Advisors LLC 0.20% of their portfolio | 55.0m $49.2m | Unchanged |
| AQR Arbitrage LLC 0.99% of their portfolio | 52.7m $47.0m | Added +35.0m |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 50.0m $44.6m | New |
| Sculptor Capital LP 0.53% of their portfolio | 50.0m $44.7m | Reduced -7.5m |
| LMR Partners LLP 0.41% of their portfolio | 47.8m $42.3m | Added +19.0m |
| ADVENT CAPITAL MANAGEMENT /DE/ 0.94% of their portfolio | 45.1m $40.8m | Added +9.3m |
| Jump Financial, LLC 0.48% of their portfolio | 43.0m $38.2m | Added +11.5m |
| STATE STREET CORP 0.00% of their portfolio | 36.7m $33.2m | Added +2.5m |
| Magnetar Financial LLC 0.32% of their portfolio | 36.5m $32.6m | Unchanged |
| Verition Fund Management LLC 0.17% of their portfolio | 35.0m $31.2m | Added +2.5m |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.34% of their portfolio | 32.5m $29.0m | Added +30.0m |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 32.5m $28.9m | Added +6.5m |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 30.6m $27.2m | Added +15.7m |
| VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 26.0m $23.2m | Reduced -3.1m |
| SHENKMAN CAPITAL MANAGEMENT INC 2.31% of their portfolio | 23.8m $21.9m | Added +9.4m |
| BlackRock, Inc. 0.00% of their portfolio | 23.6m $20.9m | Reduced -31.4m |
| DLD Asset Management, LP 2.00% of their portfolio | 21.5m $19.3m | New |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 20.0m $17.9m | Reduced -14.7m |
| FMR LLC 0.00% of their portfolio | 18.6m $16.5m | Unchanged |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 14.5m $129.3k | Added +7.2m |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 12.1m $10.8m | Added +6.2m |
| CITIGROUP INC 0.01% of their portfolio | 11.0m $9.8m | Added +6.3m |
| DeepCurrents Investment Group LLC 0.35% of their portfolio | 10.5m $9.4m | Added +2.5m |
| Parallax Volatility Advisers, L.P. 0.28% of their portfolio | 10.0m $8.9m | Unchanged |
| CSS LLC/IL 0.48% of their portfolio | 9.5m $8.5m | Added +5.5m |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 9.2m $8.3m | Unchanged |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 8.8m $7.8m | New |
| Jefferies Financial Group Inc. 0.05% of their portfolio | 7.0m $6.3m | New |
| LORD, ABBETT & CO. LLC 0.01% of their portfolio | 5.1m $4.6m | Reduced -16.1m |
| Walleye Capital LLC 0.03% of their portfolio | 5.0m $4.5m | New |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 4.3m $3.9m | Added +3.2m |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 3.8m $3.3m | New |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.03% of their portfolio | 3.5m $3.1m | Added +2.0m |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 3.0m $2.7m | Reduced -2.2m |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 2.6m $2.4m | Added +1.6m |
| CREDIT INDUSTRIEL ET COMMERCIAL 0.33% of their portfolio | 2.5m $2.2m | New |
| Groupe la Francaise 0.03% of their portfolio | 2.5m $2.1m | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 2.0m $1.8m | Reduced -2.0m |
| MORGAN STANLEY 0.00% of their portfolio | 1.5m $1.3m | Reduced -11.9m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.3m $1.2m | Added +1.3m |
| UG Investment Advisers Ltd. 0.21% of their portfolio | 1.0m $900.0k | Unchanged |
| Sunstone Asset Management, LP 0.88% of their portfolio | 1.0m $892.5k | First filing |
| Bank of New York Mellon Corp 0.00% of their portfolio | 800.0k $713.1k | Added +300.0k |
| SSI INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 748.0k $664.7k | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 700.0k $626.9k | Reduced -1.1m |
| SMH CAPITAL ADVISORS INC 0.91% of their portfolio | 505.0k $448.8k | New |
| Catalyst Capital Advisors LLC 0.01% of their portfolio | 500.0k $446.2k | New |
| Ares Systematic Credit Ltd 0.37% of their portfolio | 500.0k $452.1k | First filing |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 130.0k $115.5k | Reduced -327.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 100.0k $88.9k | Reduced -4.8m |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 66.0k $58.7k | Added +14.0k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 37.0k $33.5k | New |
| INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio | 28.0k $24.9k | Added +7.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 25.0k $22.2k | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 16.0k $14.5k | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 15.0k $13.3k | New |
| SG Americas Securities, LLC 0.00% of their portfolio | 15.0k $1.3m | New |
| Alpine Global Management, LLC 2.70% of their portfolio | 13.5k $12.1m | New |
| LOOMIS SAYLES & CO L P 0.00% of their portfolio | 4.2k $122.8k | Unchanged |
| ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio | 257 $232.1k | Not comparable |