Vault-13

SUPERNUS PHARMACEUTICALS SUPN 0.625 04.01.23

NOTE 0.625% 4/0 · US DOMESTIC · CUSIP 868459AD0

41 institutional holders -5 vs Q4 2022
17,092,00017.1m shares reported held*
$393.9mreported value*
5 new 10 added 6 reduced 10 sold out net sold ≈ $9.5m (-7.7m 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 ($11.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $23.74.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 40Q4 22: 46Q1 23: 4141Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202240
Q4 202246
Q1 202341

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 11 bought or addedQ4 22: 8 cut or sold outQ4 22Q1 23: 15 bought or addedQ1 23: 16 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022118
Q1 20231516

Biggest buyers

Radcliffe Capital Management, L.P. Added +21,805,000+21.8m
Monashee Investment Management LLC Added +3,000,000+3.0m
PIPER SANDLER & CO. Added +2,600,000+2.6m
JANE STREET GROUP, LLC New +2,000,000+2.0m
WELLS FARGO & COMPANY/MN Added +1,800,000+1.8m
CITIGROUP INC Added +1,598,000+1.6m
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Added +1,205,000+1.2m
BLUEFIN CAPITAL MANAGEMENT, LLC New +1,000,000+1.0m
Jefferies Financial Group Inc. Added +437,000+437.0k
BANK OF AMERICA CORP /DE/ New +141,000+141.0k

Biggest sellers

Invesco Ltd. Sold out -14,627,000-14.6m
Verition Fund Management LLC Reduced -11,729,259-11.7m
INCOME RESEARCH & MANAGEMENT Sold out -7,500,000-7.5m
STATE STREET CORP Reduced -4,800,000-4.8m
Amundi Sold out -4,684,000-4.7m
BlackRock Inc. Sold out -3,505,000-3.5m
OAKTREE CAPITAL MANAGEMENT LP Reduced -2,973,000-3.0m
WOLVERINE ASSET MANAGEMENT LLC Sold out -2,681,000-2.7m
TRUIST FINANCIAL CORP Sold out -2,618,000-2.6m
JPMORGAN CHASE & CO Reduced -772,000-772.0k

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.93% of their portfolio NEW YORK, NY 96,994,00097.0m $97.3m $97.3m 1.93% Unchanged
2 Radcliffe Capital Management, L.P. 5.68% of their portfolio BALA CYNWYD, PA 90,815,00090.8m $90.8m $90.8m 5.68% Added +21.8m +21,805,000
3 Opti Capital Management, LP 3.79% of their portfolio New York, NY 46,902,00046.9m $46.9m $46.9m 3.79% Unchanged
4 DeepCurrents Investment Group LLC 1.77% of their portfolio NEW YORK, NY 41,092,00041.1m $41.0m $41.0m 1.77% Unchanged
5 OAKTREE CAPITAL MANAGEMENT LP 0.22% of their portfolio LOS ANGELES, CA 19,540,00019.5m $19.6m $19.6m 0.22% Reduced -3.0m -2,973,000
6 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 17,750,00017.8m $17.7m $17.7m 0.00% Reduced -772.0k -772,000
7 AVIVA PLC 0.06% of their portfolio LONDON, X0 12,300,00012.3m $12.3m $12.3m 0.06% Unchanged
8 Calamos Advisors LLC 0.05% of their portfolio NAPERVILLE, IL 10,000,00010.0m $10.0m $10.0m 0.05% Unchanged
9 Sonora Investment Management Group, LLC 0.82% of their portfolio TUCSON, AZ 9,395,0009.4m $9.4m $9.4m 0.82% Reduced -410.0k -410,000
10 Monashee Investment Management LLC 2.48% of their portfolio Boston, MA 9,000,0009.0m $9.0m $9.0m 2.48% Added +3.0m +3,000,000
11 PIPER SANDLER & CO. 4.67% of their portfolio MINNEAPOLIS, MN 6,695,0006.7m $6.7m $6.7m 4.67% Added +2.6m +2,600,000
12 BRAIDWELL LP 0.21% of their portfolio STAMFORD, CT 6,500,0006.5m $6.5m $6.5m 0.21% Unchanged
13 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.05% of their portfolio HARRISBURG, PA 5,587,0005.6m $5.6m $5.6m 0.05% Added +1.2m +1,205,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 4,500,0004.5m $4.5m $4.5m 0.00% Reduced -4.8m -4,800,000
15 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 4,460,0004.5m $4.5m $4.5m 0.01% Reduced -277.0k -277,000
16 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,614,0002.6m $2.6m $2.6m 0.00% Added +1.8m +1,800,000
17 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 2,000,0002.0m $2.0m $2.0m 0.00% New
18 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,857,0001.9m $1.9m $1.9m 0.00% Added +1.6m +1,598,000
19 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 1,500,0001.5m $1.5m $1.5m 0.00% Unchanged
20 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 1,000,0001.0m $999.9k $999.9k 0.00% Unchanged
21 BLUEFIN CAPITAL MANAGEMENT, LLC 0.14% of their portfolio NEW YORK, NY 1,000,0001.0m $999.9k $999.9k 0.14% New
22 Penn Mutual Asset Management 0.64% of their portfolio Conshohocken, PA 675,000675.0k $677.0k $677.0k 0.64% Unchanged
23 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 570,000570.0k $567.8k $567.8k 0.01% Added +437.0k +437,000
24 PALISADE CAPITAL MANAGEMENT, LP 0.01% of their portfolio FORT LEE, NJ 238,000238.0k $237.4k $237.4k 0.01% Unchanged
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 203,000203.0k $203.0k $203.0k 0.00% Added +100.0k +100,000
26 Cutler Capital Management, LLC 0.06% of their portfolio WORCESTER, MA 142,000142.0k $142.0k $142.0k 0.06% Added +25.0k +25,000
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 141,000141.0k $141.0k $141.0k 0.00% New
28 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 120,000120.0k $120.0k $120.0k 0.00% Unchanged
29 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 76,00076.0k $75.9k $75.9k 0.00% Unchanged
30 EXCALIBUR MANAGEMENT CORP 0.02% of their portfolio WALTHAM, MA 40,00040.0k $40.0k $40.0k 0.02% Added +10.0k +10,000
31 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 31,00031.0k $31.0k $31.0k 0.00% Unchanged
32 Mayflower Financial Advisors, LLC 0.00% of their portfolio BOSTON, MA 25,00025.0k $25.0k $25.0k 0.00% Unchanged
33 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 16,00016.0k $16.0k $16.0k 0.00% New
34 Verition Fund Management LLC 0.19% of their portfolio GREENWICH, CT 11,74111.7k $11.8m $11.8m 0.19% Reduced -11.7m -11,729,259
35 GREAT VALLEY ADVISOR GROUP, INC. 0.00% of their portfolio WILMINGTON, DE 11,00011.0k $11.0k $11.0k 0.00% Unchanged
36 HM PAYSON & CO 0.00% of their portfolio PORTLAND, ME 10,00010.0k $10.0k $10.0k 0.00% Unchanged
37 GRIMES & Co WEALTH MANAGEMENT, LLC 0.00% of their portfolio WESTBOROUGH, MA 10,00010.0k $10.0k $10.0k 0.00% Unchanged
38 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 10,00010.0k $10.0k $10.0k 0.00% New
39 Cetera Advisors LLC 0.00% of their portfolio DENVER, CO 10,00010.0k $10.0k $10.0k 0.00% Unchanged
40 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 9,0009.0k $9.0k $9.0k 0.00% Unchanged
41 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged