Vault-13

SUPER MICRO COMPUTER INC SMCI 3.5 03.01.29

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

62 institutional holders -5 vs Q1 2026
67,234,46967.2m shares reported held*
$1.6bnreported value*
11 new 16 added 27 reduced 16 sold out net sold ≈ $26.4m (-166.3m 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 ($3.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $23.21.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q1 25: 43Q2 25: 49Q3 25: 62Q4 25: 68Q1 26: 67Q2 26: 6262Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q1 202543
Q2 202549
Q3 202562
Q4 202568
Q1 202667
Q2 202662

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 26Q2 26: 27 bought or addedQ2 26: 43 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q2 20252218
Q3 20254020
Q4 20254125
Q1 20263531
Q2 20262743

Calls vs puts

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

CallsPuts
$0$10k$20k$30kQ3 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 —Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$0$23.5k—
Q2 2026$0$0—

Biggest buyers

ARISTEIA CAPITAL, L.L.C. Added +177,250,000+177.2m
Weiss Asset Management LP Added +131,877,000+131.9m
Context Capital Management, LLC Added +52,610,000+52.6m
WHITEBOX ADVISORS LLC New +50,101,000+50.1m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Added +40,500,000+40.5m
Fort Baker Capital Management LP New +30,000,000+30.0m
Man Group plc New +19,000,000+19.0m
MILLENNIUM MANAGEMENT LLC Added +10,990,000+11.0m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. New +9,250,000+9.2m
STATE STREET CORP Added +7,850,000+7.8m

Biggest sellers

WHITEBOX ADVISORS LLC Sold out -138,601,000-138.6m
AQR Arbitrage LLC Reduced -52,505,000-52.5m
BANK OF MONTREAL /CAN/ Sold out -50,000,000-50.0m
Silver Point Capital L.P. Sold out -38,000,000-38.0m
WOLVERINE ASSET MANAGEMENT LLC Reduced -34,050,000-34.0m
Sculptor Capital LP Reduced -31,000,000-31.0m
Verition Fund Management LLC Reduced -30,100,000-30.1m
SHENKMAN CAPITAL MANAGEMENT INC Sold out -27,093,000-27.1m
Calamos Advisors LLC Reduced -25,000,000-25.0m
Nuveen, LLC Sold out -22,500,000-22.5m

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ARISTEIA CAPITAL, L.L.C. 4.69% of their portfolio GREENWICH, CT 322,614,000322.6m $298.3m $298.3m 4.69% Added +177.2m +177,250,000
2 Weiss Asset Management LP 2.37% of their portfolio BOSTON, MA 230,956,000231.0m $212.0m $212.0m 2.37% Added +131.9m +131,877,000
3 Context Capital Management, LLC 2.82% of their portfolio LAJOLLA, CA 151,372,000151.4m $139.9m $139.9m 2.82% Added +52.6m +52,610,000
4 WOLVERINE ASSET MANAGEMENT LLC 1.57% of their portfolio CHICAGO, IL 130,119,000130.1m $120.5m $120.5m 1.57% Reduced -34.0m -34,050,000
5 Linden Advisors LP 0.54% of their portfolio New York, NY 112,358,000112.4m $103.5m $103.5m 0.54% Unchanged
6 Jump Financial, LLC 0.57% of their portfolio Chicago, IL 69,000,00069.0m $64.2m $64.2m 0.57% Reduced -10.0m -10,000,000
7 HIGHBRIDGE CAPITAL MANAGEMENT LLC 2.11% of their portfolio NEW YORK, NY 67,000,00067.0m $61.8m $61.8m 2.11% Added +40.5m +40,500,000
8 TUDOR INVESTMENT CORP ET AL 0.25% of their portfolio STAMFORD, CT 65,000,00065.0m $59.5m $59.5m 0.25% Reduced -15.8m -15,850,000
9 WHITEBOX ADVISORS LLC 0.75% of their portfolio MINNEAPOLIS, MN 50,101,00050.1m $46.2m $46.2m 0.75% New
10 ADVENT CAPITAL MANAGEMENT /DE/ 1.00% of their portfolio NEW YORK, NY 47,021,00047.0m $44.0m $44.0m 1.00% Reduced -7.5m -7,471,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 44,500,00044.5m $41.4m $41.4m 0.00% Added +7.8m +7,850,000
12 LMR Partners LLP 0.29% of their portfolio LONDON, X0 42,750,00042.8m $39.4m $39.4m 0.29% Reduced -5.0m -5,000,000
13 BlackRock, Inc. 0.00% of their portfolio New York, NY 34,453,00034.5m $31.8m $31.8m 0.00% Added +6.3m +6,350,000
14 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 32,490,00032.5m $29.9m $29.9m 0.02% Added +11.0m +10,990,000
15 Calamos Advisors LLC 0.10% of their portfolio NAPERVILLE, IL 30,000,00030.0m $27.5m $27.5m 0.10% Reduced -25.0m -25,000,000
16 Fort Baker Capital Management LP 2.21% of their portfolio Larkspur, CA 30,000,00030.0m $27.8m $27.8m 2.21% New
17 FMR LLC 0.00% of their portfolio BOSTON, MA 22,405,00022.4m $20.7m $20.7m 0.00% Added +3.8m +3,835,000
18 Man Group plc 0.03% of their portfolio LONDON, X0 19,000,00019.0m $17.6m $17.6m 0.03% New
19 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 18,500,00018.5m $17.1m $17.1m 0.01% Reduced -9.0m -9,000,000
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 16,635,00016.6m $15.3m $15.3m 0.00% Added +7.2m +7,193,000
21 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 14,750,00014.8m $13.5m $13.5m 0.01% Reduced -15.0m -15,000,000
22 Verition Fund Management LLC 0.09% of their portfolio GREENWICH, CT 14,400,00014.4m $13.3m $13.3m 0.09% Reduced -30.1m -30,100,000
23 DeepCurrents Investment Group LLC 0.43% of their portfolio NEW YORK, NY 13,500,00013.5m $12.4m $12.4m 0.43% Unchanged
24 Parallax Volatility Advisers, L.P. 0.34% of their portfolio San Francisco, CA 10,000,00010.0m $9.2m $9.2m 0.34% Unchanged
25 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 9,250,0009.2m $8.7m $8.7m 0.01% New
26 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 6,965,0007.0m $6.4m $6.4m 0.00% Added +5.0m +4,950,000
27 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 6,717,0006.7m $6.2m $6.2m 0.00% Reduced -5.8m -5,786,000
28 Jefferies Financial Group Inc. 0.05% of their portfolio NEW YORK, NY 6,042,0006.0m $5.5m $5.5m 0.05% Added +1.1m +1,141,000
29 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,184,0005.2m $4.8m $4.8m 0.00% Reduced -7.1m -7,117,000
30 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 5,000,0005.0m $4.6m $4.6m 0.00% Added +2.4m +2,365,000
31 TENOR CAPITAL MANAGEMENT Co., L.P. 0.07% of their portfolio NEW YORK, NY 5,000,0005.0m $4.7m $4.7m 0.07% Reduced -6.0m -6,000,000
32 CORBYN INVESTMENT MANAGEMENT INC/MD 1.20% of their portfolio Lutherville, MD 4,500,0004.5m $4.1m $4.1m 1.20% New
33 CREDIT INDUSTRIEL ET COMMERCIAL 0.45% of their portfolio PARIS FRANCE, I0 4,500,0004.5m $4.2m $4.2m 0.45% Unchanged
34 SSI INVESTMENT MANAGEMENT LLC 0.21% of their portfolio Los Angeles, CA 4,000,0004.0m $3.7m $3.7m 0.21% New
35 Groupe la Francaise 0.04% of their portfolio PARIS, I0 3,500,0003.5m $3.2m $3.2m 0.04% Unchanged
36 Sculptor Capital LP 0.03% of their portfolio New York, NY 3,000,0003.0m $2.7m $2.7m 0.03% Reduced -31.0m -31,000,000
37 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,940,0002.9m $2.7m $2.7m 0.00% Reduced -1.7m -1,689,000
38 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 2,509,0002.5m $23.2k $23.2k 0.00% Reduced -3.8m -3,847,000
39 Ares Systematic Credit Ltd 1.24% of their portfolio LONDON, X0 2,200,0002.2m $2.0m $2.0m 1.24% Added +1.7m +1,700,000
40 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 2,000,0002.0m $1.8m $1.8m 0.00% New
41 Sunstone Asset Management, LP 1.60% of their portfolio New York, NY 1,500,0001.5m $1.4m $1.4m 1.60% New
42 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 1,000,0001.0m $920.0k $920.0k 0.00% New
43 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,000,0001.0m $927.6k $927.6k 0.00% Reduced -1.0m -1,000,000
44 UG Investment Advisers Ltd. 0.90% of their portfolio SINGAPORE, U0 1,000,0001.0m $926.3k $926.3k 0.90% Unchanged
45 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 937,000937.0k $867.2k $867.2k 0.00% Reduced -1.7m -1,706,000
46 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 800,000800.0k $726.0k $726.0k 0.00% Reduced -100.0k -100,000
47 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 700,000700.0k $649.3k $649.3k 0.00% Reduced -100.0k -100,000
48 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 627,000627.0k $578.1k $578.1k 0.00% Reduced -2.5m -2,481,000
49 CAPSTONE INVESTMENT ADVISORS, LLC 0.00% of their portfolio NEW YORK, NY 500,000500.0k $462.2k $462.2k 0.00% Reduced -2.0m -2,000,000
50 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 376,000376.0k $348.8k $348.8k 0.00% Reduced -15.0k -15,000
51 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 154,000154.0k $142.0k $142.0k 0.00% Reduced -11.0k -11,000
52 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 150,000150.0k $138.0k $138.0k 0.00% Added +147.0k +147,000
53 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 150,000150.0k $138.7k $138.7k 0.00% Reduced -52.5m -52,505,000
54 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 66,00066.0k $60.9k $60.9k 0.00% Unchanged
55 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 32,00032.0k $29.5k $29.5k 0.00% Reduced -1.2m -1,153,000
56 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 30,00030.0k $27.7k $27.7k 0.00% Unchanged
57 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 28,26028.3k $2.6m $2.6m 0.00% Reduced -8.1k -8,090
58 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 24,00024.0k $22.1k $22.1k 0.00% Added +1.0k +1,000
59 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 21,00021.0k $19.0k $19.0k 0.00% Added +5.0k +5,000
60 NINE MASTS CAPITAL Ltd 1.80% of their portfolio CENTRAL, K3 17,50017.5k $16.2m $16.2m 1.80% New
61 Altshuler Shaham Ltd 0.01% of their portfolio Tel Aviv, L3 4,2374.2k $535.2k $535.2k 0.01% New
62 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 232232 $217.9k $217.9k 0.01% Reduced -25 -25