Vault-13

TELADOC HEALTH INC TDOC 1.25 06.01.27

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

43 institutional holders -6 vs Q1 2026
7,551,0007.6m shares reported held*
$977.3mreported value*
2 new 11 added 12 reduced 8 sold out net sold ≈ $29.7m (-2.5m 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 ($4.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $130.00.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 63Q4 22: 69Q1 23: 68Q2 23: 67Q3 23: 67Q4 23: 73Q1 24: 64Q2 24: 68Q3 24: 62Q4 24: 58Q1 25: 55Q2 25: 57Q3 25: 55Q4 25: 52Q1 26: 49Q2 26: 4343Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202263
Q4 202269
Q1 202368
Q2 202367
Q3 202367
Q4 202373
Q1 202464
Q2 202468
Q3 202462
Q4 202458
Q1 202555
Q2 202557
Q3 202555
Q4 202552
Q1 202649
Q2 202643

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 21 bought or addedQ3 24: 34 cut or sold outQ4 24: 20 bought or addedQ4 24: 23 cut or sold outQ4 24Q1 25: 20 bought or addedQ1 25: 24 cut or sold outQ2 25: 16 bought or addedQ2 25: 16 cut or sold outQ2 25Q3 25: 25 bought or addedQ3 25: 23 cut or sold outQ4 25: 14 bought or addedQ4 25: 23 cut or sold outQ4 25Q1 26: 16 bought or addedQ1 26: 23 cut or sold outQ2 26: 13 bought or addedQ2 26: 20 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20242134
Q4 20242023
Q1 20252024
Q2 20251616
Q3 20252523
Q4 20251423
Q1 20261623
Q2 20261320

Biggest buyers

ARISTEIA CAPITAL, L.L.C. New +77,338,000+77.3m
OAKTREE CAPITAL MANAGEMENT LP Added +20,554,000+20.6m
DeepCurrents Investment Group LLC Added +18,000,000+18.0m
STATE STREET CORP Added +5,900,000+5.9m
BlackRock, Inc. Added +3,100,000+3.1m
D. E. Shaw & Co., Inc. Added +3,000,000+3.0m
Russell Investments Group, Ltd. Added +1,949,000+1.9m
UBS Group AG New +1,877,000+1.9m
STATE OF WISCONSIN INVESTMENT BOARD Added +1,000,000+1.0m
BANK OF AMERICA CORP /DE/ Added +43,000+43.0k

Biggest sellers

Balyasny Asset Management L.P. Reduced -69,968,000-70.0m
Radcliffe Capital Management, L.P. Reduced -53,500,000-53.5m
Context Capital Management, LLC Reduced -12,500,000-12.5m
WELLS FARGO & COMPANY/MN Reduced -12,428,000-12.4m
Kohlberg Kravis Roberts & Co. L.P. Sold out -4,694,000-4.7m
TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -2,653,000-2.7m
SSI INVESTMENT MANAGEMENT LLC Sold out -2,396,000-2.4m
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Reduced -1,094,000-1.1m
GOLDMAN SACHS GROUP INC Sold out -956,000-956.0k
ROYAL BANK OF CANADA Reduced -575,000-575.0k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 2.56% of their portfolio NEW YORK, NY 186,000,000186.0m $181.3m $181.3m 2.56% Reduced -2.7m -2,653,000
2 D. E. Shaw & Co., Inc. 0.09% of their portfolio New York, NY 149,917,000149.9m $146.1m $146.1m 0.09% Added +3.0m +3,000,000
3 Context Capital Management, LLC 2.07% of their portfolio LAJOLLA, CA 105,459,000105.5m $102.8m $102.8m 2.07% Reduced -12.5m -12,500,000
4 ARISTEIA CAPITAL, L.L.C. 1.18% of their portfolio GREENWICH, CT 77,338,00077.3m $75.4m $75.4m 1.18% New
5 DeepCurrents Investment Group LLC 2.44% of their portfolio NEW YORK, NY 73,000,00073.0m $71.0m $71.0m 2.44% Added +18.0m +18,000,000
6 CAMDEN ASSET MANAGEMENT L P /CA 1.77% of their portfolio Los Angeles, CA 62,641,00062.6m $60.7m $60.7m 1.77% Unchanged
7 Radcliffe Capital Management, L.P. 4.59% of their portfolio BALA CYNWYD, PA 62,250,00062.2m $60.4m $60.4m 4.59% Reduced -53.5m -53,500,000
8 OAKTREE CAPITAL MANAGEMENT LP 0.98% of their portfolio LOS ANGELES, CA 53,624,00053.6m $52.3m $52.3m 0.98% Added +20.6m +20,554,000
9 Opti Capital Management, LP 2.98% of their portfolio New York, NY 50,000,00050.0m $48.8m $48.8m 2.98% Unchanged
10 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 46,000,00046.0m $44.7m $44.7m 0.04% Unchanged
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 26,606,00026.6m $25.9m $25.9m 0.00% Added +5.9m +5,900,000
12 BlackRock, Inc. 0.00% of their portfolio New York, NY 19,315,00019.3m $18.7m $18.7m 0.00% Added +3.1m +3,100,000
13 Calamos Advisors LLC 0.06% of their portfolio NAPERVILLE, IL 16,250,00016.2m $15.8m $15.8m 0.06% Unchanged
14 Balyasny Asset Management L.P. 0.03% of their portfolio Chicago, IL 15,000,00015.0m $14.6m $14.6m 0.03% Reduced -70.0m -69,968,000
15 ADVENT CAPITAL MANAGEMENT /DE/ 0.31% of their portfolio NEW YORK, NY 14,056,00014.1m $13.7m $13.7m 0.31% Reduced -483.0k -483,000
16 MacKay Shields LLC 0.25% of their portfolio New York, NY 7,505,0007.5m $7.3m $7.3m 0.25% Unchanged
17 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 7,160,0007.2m $7.0m $7.0m 0.01% Added +1.9m +1,949,000
18 PIPER SANDLER & CO. 3.50% of their portfolio MINNEAPOLIS, MN 4,932,0004.9m $4.7m $4.7m 3.50% Unchanged
19 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 4,000,0004.0m $3.9m $3.9m 0.01% Added +1.0m +1,000,000
20 AVIVA PLC 0.01% of their portfolio LONDON, X0 3,610,0003.6m $3.5m $3.5m 0.01% Reduced -550.0k -550,000
21 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio HARRISBURG, PA 3,406,0003.4m $3.3m $3.3m 0.02% Reduced -1.1m -1,094,000
22 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,374,0003.4m $3.3m $3.3m 0.00% Reduced -12.4m -12,428,000
23 PALISADE CAPITAL MANAGEMENT, LP 0.12% of their portfolio FORT LEE, NJ 2,780,0002.8m $2.7m $2.7m 0.12% Unchanged
24 Quarry LP 0.42% of their portfolio NEW YORK, NY 2,750,0002.8m $2.7m $2.7m 0.42% Unchanged
25 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,299,0002.3m $2.2m $2.2m 0.00% Reduced -575.0k -575,000
26 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,877,0001.9m $1.8m $1.8m 0.00% New
27 SGL Investment Advisors, Inc. 0.44% of their portfolio MISSOULA, MT 1,325,0001.3m $1.3m $1.3m 0.44% Reduced -50.0k -50,000
28 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,000,0001.0m $973.3k $973.3k 0.00% Unchanged
29 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 525,000525.0k $509.0k $509.0k 0.00% Unchanged
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 433,000433.0k $418.0k $418.0k 0.00% Reduced -500.0k -500,000
31 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 330,000330.0k $319.9k $319.9k 0.00% Unchanged
32 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 308,000308.0k $298.6k $298.6k 0.00% Added +43.0k +43,000
33 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 214,000214.0k $207.8k $207.8k 0.00% Added +21.0k +21,000
34 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 124,000124.0k $120.2k $120.2k 0.00% Unchanged
35 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 90,00090.0k $87.3k $87.3k 0.00% Unchanged
36 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 70,00070.0k $68.2k $68.2k 0.00% Unchanged
37 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 57,00057.0k $55.4k $55.4k 0.00% Reduced -368.0k -368,000
38 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 43,62843.6k $43.6k $43.6k 0.00% Added +698 +698
39 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 27,50027.5k $2.7m $2.7m 0.00% Added +7.0k +7,000
40 Fox Hill Wealth Management 0.01% of their portfolio DEDHAM, MA 21,00021.0k $20.5k $20.5k 0.01% Unchanged
41 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 13,00013.0k $12.6k $12.6k 0.00% Unchanged
42 Financial Perspectives, Inc 0.00% of their portfolio MINNEAPOLIS, MN 10,00010.0k $9.7k $9.7k 0.00% Unchanged
43 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,0005.0k $4.8k $4.8k 0.00% Unchanged