Vault-13

SUPER MICRO COMPUTER INC SMCI 3.5 03.01.29

NOTE 3.500% 3/0 · US DOMESTIC · CUSIP 86800UAB0

67 institutional holders -1 vs Q4 2025
233,550,257233.6m shares reported held*
$1.4bnreported value*
13 new 22 added 17 reduced 14 sold out net bought ≈ $18.0m (+66.4m 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 ($2.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $5.90. Options: 0 managers hold calls (— notional), 1 hold puts ($23.5k).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q1 25: 43Q2 25: 49Q3 25: 62Q4 25: 68Q1 26: 6767Q1 25Q2 25Q3 25Q4 25Q1 26
Numbers
QuarterHolders
Q1 202543
Q2 202549
Q3 202562
Q4 202568
Q1 202667

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q2 25: 22 bought or addedQ2 25: 18 cut or sold outQ2 25Q3 25: 40 bought or addedQ3 25: 20 cut or sold outQ3 25Q4 25: 41 bought or addedQ4 25: 25 cut or sold outQ4 25Q1 26: 35 bought or addedQ1 26: 31 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20252218
Q3 20254020
Q4 20254125
Q1 20263531

Calls vs puts

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

CallsPuts
$0$10k$20k$30kQ2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $23.5kQ1 26P/C —
Numbers
QuarterCallsPutsP/C
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$0$23.5k—

Biggest buyers

TUDOR INVESTMENT CORP ET AL New +80,850,000+80.8m
Silver Point Capital L.P. New +38,000,000+38.0m
Jump Financial, LLC Added +36,000,000+36.0m
Linden Advisors LP Added +34,500,000+34.5m
D. E. Shaw & Co., Inc. New +29,750,000+29.8m
ARISTEIA CAPITAL, L.L.C. Added +24,500,000+24.5m
Nuveen, LLC New +22,500,000+22.5m
AMERIPRISE FINANCIAL INC New +14,000,000+14.0m
Schonfeld Strategic Advisors LLC New +12,000,000+12.0m
JPMORGAN CHASE & CO Added +10,983,000+11.0m

Biggest sellers

TUDOR INVESTMENT CORP ET AL Sold out -88,350,000-88.3m
TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -49,000,000-49.0m
Magnetar Financial LLC Sold out -36,500,000-36.5m
BNP PARIBAS FINANCIAL MARKETS Reduced -29,462,000-29.5m
VOYA INVESTMENT MANAGEMENT LLC Sold out -26,005,000-26.0m
DLD Asset Management, LP Sold out -21,500,000-21.5m
Sculptor Capital LP Reduced -16,000,000-16.0m
WHITEBOX ADVISORS LLC Reduced -14,500,000-14.5m
Weiss Asset Management LP Reduced -12,000,000-12.0m
Balyasny Asset Management L.P. Sold out -8,750,000-8.8m

Biggest calls

None

Biggest puts

T3 Companies, LLC New $23.5k10.3k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WOLVERINE ASSET MANAGEMENT LLC 2.07% of their portfolio CHICAGO, IL 164,169,000164.2m $133.0m $133.0m 2.07% Added +250.0k +250,000
2 ARISTEIA CAPITAL, L.L.C. 2.67% of their portfolio GREENWICH, CT 145,364,000145.4m $116.3m $116.3m 2.67% Added +24.5m +24,500,000
3 WHITEBOX ADVISORS LLC 1.56% of their portfolio MINNEAPOLIS, MN 138,601,000138.6m $110.5m $110.5m 1.56% Reduced -14.5m -14,500,000
4 Linden Advisors LP 0.51% of their portfolio New York, NY 112,358,000112.4m $90.2m $90.2m 0.51% Added +34.5m +34,500,000
5 Weiss Asset Management LP 1.46% of their portfolio BOSTON, MA 99,079,00099.1m $79.8m $79.8m 1.46% Reduced -12.0m -12,000,000
6 Context Capital Management, LLC 1.83% of their portfolio LAJOLLA, CA 98,762,00098.8m $79.0m $79.0m 1.83% Added +1.4m +1,400,000
7 TUDOR INVESTMENT CORP ET AL 0.35% of their portfolio STAMFORD, CT 80,850,00080.8m $65.0m $65.0m 0.35% New
8 Jump Financial, LLC 0.93% of their portfolio Chicago, IL 79,000,00079.0m $63.0m $63.0m 0.93% Added +36.0m +36,000,000
9 Calamos Advisors LLC 0.17% of their portfolio NAPERVILLE, IL 55,000,00055.0m $44.1m $44.1m 0.17% Unchanged
10 ADVENT CAPITAL MANAGEMENT /DE/ 1.29% of their portfolio NEW YORK, NY 54,492,00054.5m $43.7m $43.7m 1.29% Added +9.3m +9,345,000
11 AQR Arbitrage LLC 0.69% of their portfolio Greenwich, CT 52,655,00052.7m $42.1m $42.1m 0.69% Reduced -35.0k -35,000
12 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 50,000,00050.0m $40.2m $40.2m 0.02% Unchanged
13 LMR Partners LLP 0.35% of their portfolio LONDON, X0 47,750,00047.8m $37.9m $37.9m 0.35% Unchanged
14 Verition Fund Management LLC 0.35% of their portfolio GREENWICH, CT 44,500,00044.5m $35.6m $35.6m 0.35% Added +9.5m +9,500,000
15 Silver Point Capital L.P. 2.33% of their portfolio Greenwich, CT 38,000,00038.0m $30.3m $30.3m 2.33% New
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 36,650,00036.6m $29.2m $29.2m 0.00% Reduced -50.0k -50,000
17 Sculptor Capital LP 0.31% of their portfolio New York, NY 34,000,00034.0m $27.2m $27.2m 0.31% Reduced -16.0m -16,000,000
18 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 29,750,00029.8m $24.0m $24.0m 0.02% New
19 BlackRock, Inc. 0.00% of their portfolio New York, NY 28,103,00028.1m $22.4m $22.4m 0.00% Added +4.5m +4,535,000
20 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 27,500,00027.5m $21.9m $21.9m 0.02% Reduced -5.0m -5,000,000
21 SHENKMAN CAPITAL MANAGEMENT INC 2.67% of their portfolio NEW YORK, NY 27,093,00027.1m $22.2m $22.2m 2.67% Added +3.3m +3,300,000
22 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.34% of their portfolio NEW YORK, NY 26,500,00026.5m $21.1m $21.1m 1.34% Reduced -6.0m -6,000,000
23 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 22,500,00022.5m $17.9m $17.9m 0.00% New
24 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 21,500,00021.5m $17.3m $17.3m 0.01% Added +1.5m +1,500,000
25 FMR LLC 0.00% of their portfolio BOSTON, MA 18,570,00018.6m $14.8m $14.8m 0.00% Unchanged
26 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 14,000,00014.0m $11.2m $11.2m 0.00% New
27 DeepCurrents Investment Group LLC 0.45% of their portfolio NEW YORK, NY 13,500,00013.5m $10.9m $10.9m 0.45% Added +3.0m +3,000,000
28 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 12,503,00012.5m $10.0m $10.0m 0.00% Added +359.0k +359,000
29 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 12,301,00012.3m $9.8m $9.8m 0.00% Added +11.0m +10,983,000
30 Schonfeld Strategic Advisors LLC 0.08% of their portfolio NEW YORK, NY 12,000,00012.0m $9.6m $9.6m 0.08% New
31 TENOR CAPITAL MANAGEMENT Co., L.P. 0.14% of their portfolio NEW YORK, NY 11,000,00011.0m $8.9m $8.9m 0.14% Reduced -49.0m -49,000,000
32 Parallax Volatility Advisers, L.P. 0.35% of their portfolio San Francisco, CA 10,000,00010.0m $8.0m $8.0m 0.35% Unchanged
33 HAWK RIDGE CAPITAL MANAGEMENT LP 0.29% of their portfolio LOS ANGELES, CA 10,000,00010.0m $8.0m $8.0m 0.29% New
34 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 9,442,0009.4m $7.5m $7.5m 0.00% Added +9.3m +9,312,000
35 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 9,250,0009.2m $7.3m $7.3m 0.01% Unchanged
36 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 6,356,0006.4m $50.8k $50.8k 0.00% Reduced -8.1m -8,129,000
37 Jefferies Financial Group Inc. 0.05% of their portfolio NEW YORK, NY 4,901,0004.9m $3.9m $3.9m 0.05% Reduced -2.1m -2,129,000
38 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,629,0004.6m $3.7m $3.7m 0.00% Reduced -6.4m -6,355,000
39 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 4,625,0004.6m $3.7m $3.7m 0.00% New
40 CREDIT INDUSTRIEL ET COMMERCIAL 0.72% of their portfolio PARIS FRANCE, I0 4,500,0004.5m $4.5m $4.5m 0.72% Added +2.0m +2,000,000
41 SSI INVESTMENT MANAGEMENT LLC 0.22% of their portfolio Los Angeles, CA 4,019,0004.0m $3.2m $3.2m 0.22% New
42 Groupe la Francaise 0.04% of their portfolio PARIS, I0 3,500,0003.5m $2.8m $2.8m 0.04% Added +1.0m +1,000,000
43 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,108,0003.1m $2.5m $2.5m 0.00% Added +1.6m +1,638,000
44 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 2,643,0002.6m $2.1m $2.1m 0.00% Reduced -1.7m -1,658,000
45 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 2,635,0002.6m $2.1m $2.1m 0.00% Added +2.5m +2,535,000
46 CAPSTONE INVESTMENT ADVISORS, LLC 0.02% of their portfolio NEW YORK, NY 2,500,0002.5m $2.0m $2.0m 0.02% Reduced -1.0m -1,000,000
47 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,015,0002.0m $1.6m $1.6m 0.00% New
48 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 2,000,0002.0m $1.6m $1.6m 0.00% New
49 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,000,0002.0m $1.6m $1.6m 0.00% Unchanged
50 CSS LLC/IL 0.07% of their portfolio CHICAGO, IL 1,500,0001.5m $1.2m $1.2m 0.07% Reduced -8.0m -8,000,000
51 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,185,0001.2m $944.9k $944.9k 0.00% Reduced -29.5m -29,462,000
52 UG Investment Advisers Ltd. 0.54% of their portfolio SINGAPORE, U0 1,000,0001.0m $794.8k $794.8k 0.54% Unchanged
53 Sunstone Asset Management, LP 0.94% of their portfolio New York, NY 1,000,0001.0m $799.9k $799.9k 0.94% Unchanged
54 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 900,000900.0k $684.0k $684.0k 0.00% Added +200.0k +200,000
55 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 800,000800.0k $642.4k $642.4k 0.00% Unchanged
56 Ares Systematic Credit Ltd 0.31% of their portfolio LONDON, X0 500,000500.0k $394.3k $394.3k 0.31% Unchanged
57 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 391,000391.0k $314.0k $314.0k 0.00% New
58 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 165,000165.0k $131.6k $131.6k 0.00% Added +150.0k +150,000
59 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 66,00066.0k $52.6k $52.6k 0.00% Unchanged
60 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 37,00037.0k $29.6k $29.6k 0.00% Unchanged
61 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 36,35036.4k $2.9m $2.9m 0.00% Added +21.4k +21,350
62 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 30,00030.0k $23.9k $23.9k 0.00% Added +5.0k +5,000
63 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 23,00023.0k $18.3k $18.3k 0.00% Reduced -5.0k -5,000
64 Alpine Global Management, LLC 1.94% of their portfolio NEW YORK, NY 16,00016.0k $12.7m $12.7m 1.94% New
65 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 16,00016.0k $13.0k $13.0k 0.00% Unchanged
66 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,0003.0k $2.0k $2.0k 0.00% Reduced -2.6m -2,647,000
67 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 257257 $207.1k $207.1k 0.01% Unchanged