TABULA RASA HEALTHCARE INC TRHC 1.75 02.15.26
NOTE 1.750% 2/1 · US DOMESTIC · CUSIP 873379AA9
17
institutional holders
-4 vs Q4 2022
8.8m
shares reported held*
$257.0mreported value*
2 new
0 added
3 reduced
6 sold out
net bought ≈ $1.1m (+5.7m 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. Holder counts are more reliable. Implied quarter-end price ≈ $29.24.
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 18 |
| Q4 2022 | 21 |
| Q1 2023 | 17 |
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 |
|---|---|---|
| Q4 2022 | 4 | 6 |
| Q1 2023 | 2 | 9 |
Biggest buyers
| Irenic Capital Management LP | New | +9.6m |
| Repertoire Partners LP | New | +5.7m |
Biggest sellers
| Repertoire Partners LP | Sold out | -5.5m |
| Birch Grove Capital LP | Reduced | -5.3m |
| PenderFund Capital Management Ltd. | Sold out | -1.8m |
| SILVERBACK ASSET MANAGEMENT LLC | Reduced | -1.4m |
| BlackRock Inc. | Reduced | -875.0k |
| ROYAL BANK OF CANADA | Sold out | -500.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Sold out | -257.0k |
| Federation des caisses Desjardins du Quebec | Sold out | -75.0k |
| MacKay Shields LLC | Sold out | -75.0k |
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| DEERFIELD MANAGEMENT COMPANY, L.P. 2.61% of their portfolio | 144.5m $117.3m | Unchanged |
| Indaba Capital Management, L.P. 22.39% of their portfolio | 89.7m $72.4m | Unchanged |
| Birch Grove Capital LP 19.25% of their portfolio | 25.6m $21.0m | Reduced -5.3m |
| AVIVA PLC 0.06% of their portfolio | 15.0m $12.2m | Unchanged |
| SILVERBACK ASSET MANAGEMENT LLC 1.31% of their portfolio | 10.3m $8.2m | Reduced -1.4m |
| Irenic Capital Management LP 3.25% of their portfolio | 9.6m $7.8m | New |
| Calamos Advisors LLC 0.03% of their portfolio | 6.8m $5.6m | Unchanged |
| Repertoire Partners LP 1.37% of their portfolio | 5.7m $4.7m | New |
| ABSOLUTE INVESTMENT ADVISERS, LLC 0.36% of their portfolio | 3.1m $2.4m | Unchanged |
| AGF MANAGEMENT LTD 0.02% of their portfolio | 3.0m $2.5m | Unchanged |
| BlackRock Inc. 0.00% of their portfolio | 2.0m $1.6m | Reduced -875.0k |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.03% of their portfolio | 1.0m $833.4k | Unchanged |
| PIER 88 INVESTMENT PARTNERS LLC 0.06% of their portfolio | 300.0k $250.0k | Unchanged |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 250.0k $208.4k | Unchanged |
| Stockman Wealth Management, Inc. 0.01% of their portfolio | 30.0k $24.4k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 12.0k $9.9k | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |