Vault-13

TELADOC HEALTH INC TDOC 1.25 06.01.27

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

68 institutional holders +4 vs Q1 2024
13,472,67913.5m shares reported held*
$708.9mreported value*
8 new 16 added 20 reduced 4 sold out net bought ≈ $56.8m (-1.8m 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 ≈ $52.62. Options: 0 managers hold calls (— notional), 1 hold puts ($4.1m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 63Q4 22: 69Q1 23: 68Q2 23: 67Q3 23: 67Q4 23: 73Q1 24: 64Q2 24: 6868Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202263
Q4 202269
Q1 202368
Q2 202367
Q3 202367
Q4 202373
Q1 202464
Q2 202468

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 outQ2 23: 23 bought or addedQ2 23: 25 cut or sold outQ2 23Q3 23: 24 bought or addedQ3 23: 26 cut or sold outQ4 23: 31 bought or addedQ4 23: 22 cut or sold outQ4 23Q1 24: 20 bought or addedQ1 24: 29 cut or sold outQ2 24: 24 bought or addedQ2 24: 24 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222624
Q1 20232528
Q2 20232325
Q3 20232426
Q4 20233122
Q1 20242029
Q2 20242424

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 23 calls: $0Q3 23 puts: $0Q3 23P/C —Q4 23 calls: $0Q4 23 puts: $0Q4 23P/C —Q1 24 calls: $0Q1 24 puts: $0Q1 24P/C —Q2 24 calls: $0Q2 24 puts: $4.1mQ2 24P/C —
Numbers
QuarterCallsPutsP/C
Q3 2023$0$0—
Q4 2023$0$0—
Q1 2024$0$0—
Q2 2024$0$4.1m—

Biggest buyers

LAZARD ASSET MANAGEMENT LLC New +36,523,000+36.5m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +26,500,000+26.5m
Opti Capital Management, LP New +24,378,000+24.4m
MARSHALL WACE, LLP Added +16,500,000+16.5m
AQR Arbitrage LLC Added +16,470,000+16.5m
CAMDEN ASSET MANAGEMENT L P /CA Added +13,000,000+13.0m
Daiwa Securities Group Inc. New +10,000,000+10.0m
AVIVA PLC Added +8,680,000+8.7m
Nuveen Asset Management, LLC Added +8,000,000+8.0m
CITIGROUP INC Added +6,557,000+6.6m

Biggest sellers

Linden Advisors LP Reduced -68,411,000-68.4m
ARISTEIA CAPITAL, L.L.C. Reduced -15,153,000-15.2m
JPMORGAN CHASE & CO Reduced -12,456,000-12.5m
WELLS FARGO & COMPANY/MN Reduced -10,674,000-10.7m
FRANKLIN RESOURCES INC Reduced -5,319,000-5.3m
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Sold out -4,695,000-4.7m
TORONTO DOMINION BANK Sold out -1,700,000-1.7m
Amundi Reduced -1,235,000-1.2m
STATE STREET CORP Reduced -900,000-900.0k
Lombard Odier Asset Management (Europe) Ltd Reduced -835,000-835.0k

Biggest calls

None

Biggest puts

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. New $4.1m5.0m 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, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.09% of their portfolio ATLANTA, GA 110,945,000110.9m $92.2m $92.2m 0.09% Unchanged
2 TENOR CAPITAL MANAGEMENT Co., L.P. 1.08% of their portfolio NEW YORK, NY 82,500,00082.5m $68.6m $68.6m 1.08% Added +26.5m +26,500,000
3 Radcliffe Capital Management, L.P. 7.97% of their portfolio BALA CYNWYD, PA 49,000,00049.0m $40.6m $40.6m 7.97% Unchanged
4 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 38,000,00038.0m $31.5m $31.5m 0.04% Added +16.5m +16,500,000
5 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 36,523,00036.5m $30.4m $30.4m 0.04% New
6 ADVENT CAPITAL MANAGEMENT /DE/ 0.73% of their portfolio NEW YORK, NY 36,044,00036.0m $30.0m $30.0m 0.73% Reduced -508.0k -508,000
7 ARISTEIA CAPITAL, L.L.C. 1.11% of their portfolio GREENWICH, CT 36,000,00036.0m $29.9m $29.9m 1.11% Reduced -15.2m -15,153,000
8 AQR Arbitrage LLC 0.76% of their portfolio Greenwich, CT 35,283,00035.3m $29.3m $29.3m 0.76% Added +16.5m +16,470,000
9 MacKay Shields LLC 0.80% of their portfolio New York, NY 31,698,00031.7m $26.3m $26.3m 0.80% Reduced -300.0k -300,000
10 CAMDEN ASSET MANAGEMENT L P /CA 0.75% of their portfolio Los Angeles, CA 29,950,00029.9m $24.8m $24.8m 0.75% Added +13.0m +13,000,000
11 Aequim Alternative Investments LP 0.83% of their portfolio MILL VALLEY, CA 27,500,00027.5m $22.9m $22.9m 0.83% Unchanged
12 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 25,000,00025.0m $22.0m $22.0m 0.01% Added +8.0m +8,000,000
13 Opti Capital Management, LP 1.52% of their portfolio New York, NY 24,378,00024.4m $20.5m $20.5m 1.52% New
14 Linden Advisors LP 0.16% of their portfolio New York, NY 22,670,00022.7m $18.9m $18.9m 0.16% Reduced -68.4m -68,411,000
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 21,381,00021.4m $17.7m $17.7m 0.00% Reduced -900.0k -900,000
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 16,336,00016.3m $13.6m $13.6m 0.00% Reduced -12.5m -12,456,000
17 Calamos Advisors LLC 0.07% of their portfolio NAPERVILLE, IL 16,250,00016.2m $13.5m $13.5m 0.07% Unchanged
18 AVIVA PLC 0.03% of their portfolio LONDON, X0 13,860,00013.9m $11.5m $11.5m 0.03% Added +8.7m +8,680,000
19 Kohlberg Kravis Roberts & Co. L.P. 0.34% of their portfolio NEW YORK, NY 13,562,00013.6m $11.3m $11.3m 0.34% Added +5.9m +5,947,000
20 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 13,129,00013.1m $10.9m $10.9m 0.00% Reduced -10.7m -10,674,000
21 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 12,000,00012.0m $9.9m $9.9m 0.00% Unchanged
22 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 10,906,00010.9m $9.0m $9.0m 0.01% Added +6.6m +6,557,000
23 FMR LLC 0.00% of their portfolio BOSTON, MA 10,045,00010.0m $8.3m $8.3m 0.00% Reduced -600.0k -600,000
24 Daiwa Securities Group Inc. 0.04% of their portfolio CHIYODA-KU,TOKYO, M0 10,000,00010.0m $8.3m $8.3m 0.04% New
25 OAKTREE CAPITAL MANAGEMENT LP 0.14% of their portfolio LOS ANGELES, CA 9,438,0009.4m $7.8m $7.8m 0.14% Added +296.0k +296,000
26 BlackRock Inc. 0.00% of their portfolio New York, NY 8,840,0008.8m $7.3m $7.3m 0.00% Added +1.2m +1,225,000
27 CSS LLC/IL 0.37% of their portfolio CHICAGO, IL 6,033,0006.0m $5.0m $5.0m 0.37% Added +2.0m +2,000,000
28 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 5,953,0006.0m $4.9m $4.9m 0.00% Unchanged
29 CQS (US), LLC 1.33% of their portfolio NEW YORK, NY 5,900,0005.9m $4.9m $4.9m 1.33% Unchanged
30 SILVERBACK ASSET MANAGEMENT LLC 0.59% of their portfolio DURHAM, NC 5,772,0005.8m $4.8m $4.8m 0.59% Unchanged
31 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 5,693,0005.7m $4.7m $4.7m 0.01% Unchanged
32 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5,563,0005.6m $4.6m $4.6m 0.00% Added +4.8m +4,819,000
33 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 4,500,0004.5m $3.7m $3.7m 0.00% Added +550.0k +550,000
34 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,452,0004.5m $3.7m $3.7m 0.00% Reduced -12.0k -12,000
35 OFI INVEST ASSET MANAGEMENT 0.08% of their portfolio ISSY LES MOULINEAUX, I0 4,100,0004.1m $3.2m $3.2m 0.08% Reduced -4.1k -4,100
36 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 3,810,0003.8m $3.2m $3.2m 0.01% New
37 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,972,0003.0m $2.5m $2.5m 0.00% Added +3.0m +2,950,000
38 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,164,0002.2m $1.8m $1.8m 0.00% New
39 PRIVATE MANAGEMENT GROUP INC 0.06% of their portfolio IRVINE, CA 2,018,0002.0m $1.7m $1.7m 0.06% Reduced -7.0k -7,000
40 Jefferies Financial Group Inc. 0.03% of their portfolio NEW YORK, NY 1,845,0001.8m $1.5m $1.5m 0.03% New
41 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,075,0001.1m $890.9k $890.9k 0.00% Unchanged
42 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 738,679738.7k $7.2m $7.2m 0.01% Reduced -161.6k -161,587
43 SHENKMAN CAPITAL MANAGEMENT INC 0.05% of their portfolio NEW YORK, NY 677,000677.0k $563.4k $563.4k 0.05% Unchanged
44 GROUPAMA ASSET MANAGMENT 0.01% of their portfolio PARIS, I0 600,000600.0k $499.4k $499.4k 0.01% Unchanged
45 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 515,000515.0k $426.8k $426.8k 0.00% Reduced -250.0k -250,000
46 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 500,000500.0k $415.6k $415.6k 0.00% Unchanged
47 Liberty Mutual Group Asset Management Inc. 0.04% of their portfolio Boston, MA 350,000350.0k $290.0k $290.0k 0.04% Unchanged
48 Amundi 0.00% of their portfolio Paris, I0 273,000273.0k $225.6k $225.6k 0.00% Reduced -1.2m -1,235,000
49 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 210,000210.0k $174.0k $174.0k 0.00% Unchanged
50 Lombard Odier Asset Management (Europe) Ltd 0.01% of their portfolio LONDON, X0 200,000200.0k $165.8k $165.8k 0.01% Reduced -835.0k -835,000
51 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 183,000183.0k $151.7k $151.7k 0.00% Added +71.0k +71,000
52 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 155,000155.0k $128.3k $128.3k 0.00% Reduced -535.0k -535,000
53 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 103,000103.0k $85.4k $85.4k 0.00% Reduced -2.0k -2,000
54 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 70,00070.0k $58.2k $58.2k 0.00% Reduced -5.3m -5,319,000
55 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 52,00052.0k $43.1k $43.1k 0.00% Unchanged
56 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 50,00050.0k $41.4k $41.4k 0.00% Unchanged
57 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 45,00045.0k $37.2k $37.2k 0.00% New
58 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 44,00044.0k $36.5k $36.5k 0.03% Unchanged
59 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 40,00040.0k $33.0k $33.0k 0.00% Reduced -10.0k -10,000
60 Context Capital Management, LLC 1.08% of their portfolio LAJOLLA, CA 36,11136.1k $30.0m $30.0m 1.08% Added +20.5k +20,500
61 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 31,00031.0k $25.7k $25.7k 0.01% Reduced -1.0k -1,000
62 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 25,00025.0k $20.7k $20.7k 0.00% Unchanged
63 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 22,00022.0k $17.7k $17.7k 0.00% New
64 Fox Hill Wealth Management 0.01% of their portfolio DEDHAM, MA 21,00021.0k $17.4k $17.4k 0.01% Unchanged
65 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 17,00017.0k $14.1k $14.1k 0.00% Unchanged
66 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 11,00011.0k $9.1k $9.1k 0.00% Unchanged
67 COMERICA BANK 0.00% of their portfolio DALLAS, TX 3,0003.0k $2.5k $2.5k 0.00% Unchanged
68 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged