Vault-13

TELADOC HEALTH INC TDOC 1.25 06.01.27

NOTE 1.250% 6/0 · US DOMESTIC · CUSIP 87918AAF2

67 institutional holders -1 vs Q1 2023
31,229,49731.2m shares reported held*
$593.1mreported value*
5 new 18 added 18 reduced 7 sold out net bought ≈ $4.7m (+658.6k 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 ($1.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.03.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 63Q4 22: 69Q1 23: 68Q2 23: 6767Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202263
Q4 202269
Q1 202368
Q2 202367

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 26 bought or addedQ4 22: 24 cut or sold outQ4 22Q1 23: 25 bought or addedQ1 23: 28 cut or sold outQ1 23Q2 23: 23 bought or addedQ2 23: 25 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222624
Q1 20232528
Q2 20232325

Biggest buyers

Linden Advisors LP Added +16,541,000+16.5m
MILLENNIUM MANAGEMENT LLC New +12,050,000+12.1m
SONA ASSET MANAGEMENT (US) LLC New +8,500,000+8.5m
WELLS FARGO & COMPANY/MN Added +6,456,000+6.5m
Balyasny Asset Management L.P. Added +5,500,000+5.5m
Elliott Investment Management L.P. Added +5,500,000+5.5m
Centiva Capital, LP Added +4,000,000+4.0m
Aequim Alternative Investments LP Added +4,000,000+4.0m
STATE STREET CORP Added +3,250,000+3.2m
TORONTO DOMINION BANK Added +3,000,000+3.0m

Biggest sellers

LAZARD ASSET MANAGEMENT LLC Reduced -29,000,000-29.0m
ARISTEIA CAPITAL, L.L.C. Reduced -20,700,000-20.7m
FMR LLC Reduced -10,645,000-10.6m
BANK OF MONTREAL /CAN/ Sold out -3,600,000-3.6m
Daiwa Securities Group Inc. Sold out -2,000,000-2.0m
JANE STREET GROUP, LLC Sold out -2,000,000-2.0m
BARCLAYS PLC Reduced -1,959,000-2.0m
CITIGROUP INC Reduced -709,000-709.0k
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -507,000-507.0k
Parallax Volatility Advisers, L.P. Sold out -500,000-500.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.09% of their portfolio ATLANTA, GA 110,945,000110.9m $88.8m $88.8m 0.09% Unchanged
2 ARISTEIA CAPITAL, L.L.C. 1.82% of their portfolio GREENWICH, CT 65,153,00065.2m $52.1m $52.1m 1.82% Reduced -20.7m -20,700,000
3 MacKay Shields LLC 1.29% of their portfolio New York, NY 57,948,00057.9m $46.3m $46.3m 1.29% Reduced -339.0k -339,000
4 LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 55,151,00055.2m $44.1m $44.1m 0.05% Reduced -29.0m -29,000,000
5 Linden Advisors LP 0.43% of their portfolio New York, NY 51,089,00051.1m $40.7m $40.7m 0.43% Added +16.5m +16,541,000
6 ADVENT CAPITAL MANAGEMENT /DE/ 0.59% of their portfolio NEW YORK, NY 37,051,00037.1m $29.6m $29.6m 0.59% Reduced -507.0k -507,000
7 Aequim Alternative Investments LP 0.75% of their portfolio MILL VALLEY, CA 25,000,00025.0m $20.0m $20.0m 0.75% Added +4.0m +4,000,000
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 24,866,00024.9m $19.8m $19.8m 0.00% Added +3.2m +3,250,000
9 TENOR CAPITAL MANAGEMENT Co., L.P. 0.37% of their portfolio NEW YORK, NY 22,000,00022.0m $17.6m $17.6m 0.37% Added +2.0m +2,000,000
10 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 21,735,00021.7m $17.3m $17.3m 0.01% Added +6.5m +6,456,000
11 Elliott Investment Management L.P. 0.19% of their portfolio WEST PALM BEACH, FL 20,000,00020.0m $15.9m $15.9m 0.19% Added +5.5m +5,500,000
12 Balyasny Asset Management L.P. 0.04% of their portfolio Chicago, IL 18,800,00018.8m $15.0m $15.0m 0.04% Added +5.5m +5,500,000
13 CAMDEN ASSET MANAGEMENT L P /CA 0.46% of their portfolio Los Angeles, CA 16,500,00016.5m $13.1m $13.1m 0.46% Added +50.0k +50,000
14 Calamos Advisors LLC 0.07% of their portfolio NAPERVILLE, IL 16,250,00016.2m $12.9m $12.9m 0.07% Unchanged
15 PUTNAM INVESTMENTS LLC 0.02% of their portfolio BOSTON, MA 13,873,00013.9m $11.0m $11.0m 0.02% Reduced -338.0k -338,000
16 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 12,050,00012.1m $9.6m $9.6m 0.01% New
17 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 12,000,00012.0m $9.5m $9.5m 0.00% Added +1.0m +1,000,000
18 FMR LLC 0.00% of their portfolio BOSTON, MA 10,645,00010.6m $8.5m $8.5m 0.00% Reduced -10.6m -10,645,000
19 Centiva Capital, LP 0.40% of their portfolio New York, NY 10,000,00010.0m $8.0m $8.0m 0.40% Added +4.0m +4,000,000
20 SONA ASSET MANAGEMENT (US) LLC 1.57% of their portfolio NEW YORK, NY 8,500,0008.5m $6.7m $6.7m 1.57% New
21 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,315,0007.3m $5.8m $5.8m 0.00% Added +24.0k +24,000
22 CQS (US), LLC 0.61% of their portfolio NEW YORK, NY 6,300,0006.3m $5.0m $5.0m 0.61% Unchanged
23 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 6,000,0006.0m $4.7m $4.7m 0.00% Added +3.0m +3,000,000
24 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 5,896,0005.9m $4.7m $4.7m 0.01% Unchanged
25 BlackRock Inc. 0.00% of their portfolio New York, NY 5,640,0005.6m $4.5m $4.5m 0.00% Reduced -250.0k -250,000
26 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 5,174,0005.2m $4.1m $4.1m 0.00% Added +1.0m +1,040,000
27 PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.24% of their portfolio EDINA, MN 4,850,0004.8m $3.9m $3.9m 0.24% Reduced -290.0k -290,000
28 AQR Arbitrage LLC 0.14% of their portfolio Greenwich, CT 4,001,0004.0m $3.2m $3.2m 0.14% Unchanged
29 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 3,750,0003.8m $3.0m $3.0m 0.00% Unchanged
30 CSS LLC/IL 0.18% of their portfolio CHICAGO, IL 3,000,0003.0m $2.4m $2.4m 0.18% Unchanged
31 CAPSTONE INVESTMENT ADVISORS, LLC 0.07% of their portfolio NEW YORK, NY 3,000,0003.0m $2.4m $2.4m 0.07% Unchanged
32 Amundi 0.00% of their portfolio Paris, I0 2,473,0002.5m $2.0m $2.0m 0.00% Unchanged
33 PRIVATE MANAGEMENT GROUP INC 0.07% of their portfolio IRVINE, CA 2,059,0002.1m $1.6m $1.6m 0.07% Reduced -12.0k -12,000
34 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 2,000,0002.0m $1.6m $1.6m 0.00% New
35 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 1,841,0001.8m $1.4m $1.4m 0.00% Unchanged
36 Paloma Partners Management Co 0.28% of their portfolio GREENWICH, CT 1,500,0001.5m $1.2m $1.2m 0.28% New
37 LOOMIS SAYLES & CO L P 0.06% of their portfolio BOSTON, MA 1,348,4971.3m $34.1m $34.1m 0.06% Reduced -9.4k -9,386
38 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,165,0001.2m $926.2k $926.2k 0.00% Added +1.2m +1,157,000
39 SHENKMAN CAPITAL MANAGEMENT INC 0.07% of their portfolio NEW YORK, NY 1,162,0001.2m $930.8k $930.8k 0.07% Unchanged
40 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,107,0001.1m $881.0k $881.0k 0.00% Added +1.1m +1,100,000
41 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,095,0001.1m $870.5k $870.5k 0.00% Unchanged
42 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,084,0001.1m $855.0k $855.0k 0.00% Added +726.0k +726,000
43 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,075,0001.1m $854.6k $854.6k 0.00% Unchanged
44 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 741,000741.0k $590.7k $590.7k 0.00% Reduced -2.0m -1,959,000
45 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 600,000600.0k $478.3k $478.3k 0.00% Unchanged
46 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 589,000589.0k $468.3k $468.3k 0.00% Unchanged
47 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 500,000500.0k $398.6k $398.6k 0.00% Reduced -500.0k -500,000
48 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 350,000350.0k $275.6k $275.6k 0.00% Reduced -150.0k -150,000
49 Liberty Mutual Group Asset Management Inc. 0.07% of their portfolio Boston, MA 350,000350.0k $278.2k $278.2k 0.07% Unchanged
50 COMERICA BANK 0.00% of their portfolio DALLAS, TX 269,000269.0k $0 $0 0.00% First filing
51 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 154,000154.0k $122.4k $122.4k 0.00% Added +29.0k +29,000
52 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 105,000105.0k $83.5k $83.5k 0.00% Unchanged
53 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 96,00096.0k $76.3k $76.3k 0.00% Reduced -709.0k -709,000
54 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 52,00052.0k $41.3k $41.3k 0.00% Unchanged
55 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 43,00043.0k $34.2k $34.2k 0.00% Unchanged
56 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 33,00033.0k $26.1k $26.1k 0.01% Reduced -5.0k -5,000
57 Stockman Wealth Management, Inc. 0.01% of their portfolio BILLINGS, MT 30,00030.0k $23.8k $23.8k 0.01% Unchanged
58 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 22,00022.0k $17.5k $17.5k 0.00% Unchanged
59 Iron Horse Wealth Management, LLC 0.01% of their portfolio JOHSTON, IA 17,00017.0k $13.5k $13.5k 0.01% Unchanged
60 Context Capital Management, LLC 1.21% of their portfolio LAJOLLA, CA 16,75016.8k $13.4m $13.4m 1.21% Reduced -2.5k -2,500
61 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 16,00016.0k $12.7k $12.7k 0.00% Added +5.0k +5,000
62 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 11,00011.0k $8.7k $8.7k 0.00% Reduced -6.0k -6,000
63 UBS Group AG 0.00% of their portfolio ZURICH, V8 9,0009.0k $7.2k $7.2k 0.00% Unchanged
64 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 5,0005.0k $397.5k $397.5k 0.00% New
65 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,0002.0k $1.6k $1.6k 0.00% Unchanged
66 Alken Asset Management Ltd 0.01% of their portfolio LONDON, X0 300300 $239 $239 0.01% Reduced -300 -300
67 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged