Vault-13

TETRA TECH INC NEW TTEK 2.25 08.15.28

DBCV 2.250% 8/1 · US DOMESTIC · CUSIP 88162GAB9

64 institutional holders -6 vs Q1 2025
37,181,21537.2m shares reported held*
$588.1mreported value*
7 new 17 added 17 reduced 13 sold out net bought ≈ $17.3m (+4.9m 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 ($1.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $15.84.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 24: 60Q4 24: 62Q1 25: 70Q2 25: 6464Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q3 202460
Q4 202462
Q1 202570
Q2 202564

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 24: 28 bought or addedQ4 24: 29 cut or sold outQ4 24Q1 25: 40 bought or addedQ1 25: 23 cut or sold outQ1 25Q2 25: 24 bought or addedQ2 25: 30 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q4 20242829
Q1 20254023
Q2 20252430

Biggest buyers

LAZARD ASSET MANAGEMENT LLC New +16,779,000+16.8m
ARISTEIA CAPITAL, L.L.C. New +15,500,000+15.5m
TWO SIGMA INVESTMENTS, LP Added +13,000,000+13.0m
WOLVERINE ASSET MANAGEMENT LLC Added +7,250,000+7.2m
OAKTREE CAPITAL MANAGEMENT LP Added +5,143,000+5.1m
ADVENT CAPITAL MANAGEMENT /DE/ Added +4,582,000+4.6m
BANK OF MONTREAL /CAN/ Added +4,000,000+4.0m
Wellesley Asset Management Added +3,143,000+3.1m
SSI INVESTMENT MANAGEMENT LLC Added +3,128,000+3.1m
STATE OF WISCONSIN INVESTMENT BOARD New +2,000,000+2.0m

Biggest sellers

MILLENNIUM MANAGEMENT LLC Sold out -23,000,000-23.0m
Nuveen, LLC Sold out -11,557,000-11.6m
GLAZER CAPITAL, LLC Sold out -7,300,000-7.3m
Walleye Capital LLC Sold out -5,000,000-5.0m
BANK OF AMERICA CORP /DE/ Reduced -3,330,000-3.3m
JANE STREET GROUP, LLC Sold out -2,857,000-2.9m
Jain Global LLC Sold out -2,500,000-2.5m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -2,450,000-2.5m
Point72 Asset Management, L.P. Reduced -2,000,000-2.0m
JPMORGAN CHASE & CO Reduced -1,577,000-1.6m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ZAZOVE ASSOCIATES LLC 6.20% of their portfolio INCLINE VILLAGE, NV 67,419,00067.4m $76.0m $76.0m 6.20% Reduced -110.0k -110,000
2 MacKay Shields LLC 2.33% of their portfolio New York, NY 64,507,00064.5m $72.8m $72.8m 2.33% Reduced -203.0k -203,000
3 CAMDEN ASSET MANAGEMENT L P /CA 1.25% of their portfolio Los Angeles, CA 47,551,00047.6m $53.5m $53.5m 1.25% Reduced -2.5m -2,450,000
4 ADVENT CAPITAL MANAGEMENT /DE/ 0.85% of their portfolio NEW YORK, NY 34,235,00034.2m $38.6m $38.6m 0.85% Added +4.6m +4,582,000
5 TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio NEW YORK, NY 28,500,00028.5m $32.1m $32.1m 0.06% Added +13.0m +13,000,000
6 Point72 Asset Management, L.P. 0.07% of their portfolio STAMFORD, CT 28,000,00028.0m $31.5m $31.5m 0.07% Reduced -2.0m -2,000,000
7 Alberta Investment Management Corp 0.22% of their portfolio EDMONTON, A0 25,000,00025.0m $28.2m $28.2m 0.22% Unchanged
8 Calamos Advisors LLC 0.10% of their portfolio NAPERVILLE, IL 20,430,00020.4m $23.0m $23.0m 0.10% Reduced -6.0k -6,000
9 LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 16,779,00016.8m $18.9m $18.9m 0.03% New
10 WOLVERINE ASSET MANAGEMENT LLC 0.30% of their portfolio CHICAGO, IL 15,825,00015.8m $17.8m $17.8m 0.30% Added +7.2m +7,250,000
11 ARISTEIA CAPITAL, L.L.C. 0.50% of their portfolio GREENWICH, CT 15,500,00015.5m $17.5m $17.5m 0.50% New
12 ABSOLUTE INVESTMENT ADVISERS, LLC 1.98% of their portfolio ROSEMARY BEACH, FL 14,292,00014.3m $16.0m $16.0m 1.98% Added +809.0k +809,000
13 FMR LLC 0.00% of their portfolio BOSTON, MA 14,208,00014.2m $16.0m $16.0m 0.00% Added +1.0m +1,000,000
14 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.03% of their portfolio TORONTO, A6 12,500,00012.5m $14.1m $14.1m 0.03% Unchanged
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,300,00011.3m $12.8m $12.8m 0.00% Reduced -350.0k -350,000
16 SHENKMAN CAPITAL MANAGEMENT INC 1.03% of their portfolio NEW YORK, NY 8,699,0008.7m $10.4m $10.4m 1.03% Reduced -643.0k -643,000
17 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 7,800,0007.8m $8.8m $8.8m 0.00% Added +4.0m +4,000,000
18 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 7,127,0007.1m $8.1m $8.1m 0.01% Reduced -730.0k -730,000
19 OFI INVEST ASSET MANAGEMENT 0.17% of their portfolio ISSY LES MOULINEAUX, I0 7,000,0007.0m $6.7m $6.7m 0.17% Added +2.0m +2,000,000
20 OAKTREE CAPITAL MANAGEMENT LP 0.16% of their portfolio LOS ANGELES, CA 6,969,0007.0m $7.9m $7.9m 0.16% Added +5.1m +5,143,000
21 SSI INVESTMENT MANAGEMENT LLC 0.50% of their portfolio Los Angeles, CA 6,337,0006.3m $7.1m $7.1m 0.50% Added +3.1m +3,128,000
22 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,889,0005.9m $6.6m $6.6m 0.00% Reduced -100.0k -100,000
23 CONNING INC. 0.22% of their portfolio HARTFORD, CT 5,600,0005.6m $6.3m $6.3m 0.22% Unchanged
24 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 5,500,0005.5m $6.2m $6.2m 0.01% Unchanged
25 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 4,112,0004.1m $4.6m $4.6m 0.00% Added +547.0k +547,000
26 Wellesley Asset Management 0.38% of their portfolio PORTSMOUTH, NH 3,496,0003.5m $3.9m $3.9m 0.38% Added +3.1m +3,143,000
27 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,750,0002.8m $3.1m $3.1m 0.00% Unchanged
28 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,423,0002.4m $2.7m $2.7m 0.00% Reduced -3.3m -3,330,000
29 PALISADE CAPITAL MANAGEMENT, LP 0.07% of their portfolio FORT LEE, NJ 2,312,0002.3m $2.6m $2.6m 0.07% Added +1.5m +1,500,000
30 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 2,300,0002.3m $2.6m $2.6m 0.00% Added +1.0m +1,000,000
31 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,193,0002.2m $2.5m $2.5m 0.00% Reduced -445.0k -445,000
32 Ameritas Investment Partners, Inc. 0.07% of their portfolio LINCOLN, NE 2,100,0002.1m $2.4m $2.4m 0.07% Unchanged
33 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 2,000,0002.0m $2.2m $2.2m 0.01% New
34 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,000,0002.0m $2.2m $2.2m 0.00% Reduced -683.0k -683,000
35 RWC Asset Management LLP 0.10% of their portfolio LONDON, X0 1,700,0001.7m $1.9m $1.9m 0.10% Reduced -800.0k -800,000
36 Amundi 0.00% of their portfolio Paris, I0 1,600,0001.6m $1.8m $1.8m 0.00% Unchanged
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,516,0001.5m $1.7m $1.7m 0.00% Reduced -1.6m -1,577,000
38 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,500,0001.5m $1.7m $1.7m 0.00% Unchanged
39 WESTWOOD HOLDINGS GROUP INC 0.01% of their portfolio DALLAS, TX 1,500,0001.5m $1.5m $1.5m 0.01% Unchanged
40 Man Group plc 0.00% of their portfolio LONDON, X0 1,500,0001.5m $1.7m $1.7m 0.00% Unchanged
41 Quaero Capital S.A. 1.97% of their portfolio GENEVE, V8 1,400,0001.4m $1.6m $1.6m 1.97% Added +200.0k +200,000
42 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 1,300,0001.3m $1.4m $1.4m 0.00% Added +100.0k +100,000
43 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 1,200,0001.2m $1.3m $1.3m 0.00% Unchanged
44 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,050,0001.1m $1.2m $1.2m 0.00% Unchanged
45 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 893,000893.0k $1.0m $1.0m 0.00% Unchanged
46 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 658,000658.0k $739.9k $739.9k 0.01% New
47 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 600,000600.0k $673.4k $673.4k 0.00% New
48 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 533,000533.0k $599.6k $599.6k 0.00% Unchanged
49 Calamos Wealth Management LLC 0.02% of their portfolio NAPERVILLE, IL 413,000413.0k $465.3k $465.3k 0.02% Reduced -24.0k -24,000
50 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 324,000324.0k $365.7k $365.7k 0.00% Unchanged
51 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 300,000300.0k $338.6k $338.6k 0.01% Unchanged
52 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 219,000219.0k $246.4k $246.4k 0.00% Unchanged
53 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 129,000129.0k $145.1k $145.1k 0.00% Reduced -4.0k -4,000
54 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 100,000100.0k $112.5k $112.5k 0.00% Unchanged
55 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 86,00086.0k $96.8k $96.8k 0.00% Added +3.0k +3,000
56 FIL Ltd 0.00% of their portfolio HAMILTON, D0 44,00044.0k $49.5k $49.5k 0.00% Unchanged
57 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 41,00041.0k $46.1k $46.1k 0.00% Added +2.0k +2,000
58 Balboa Wealth Partners 0.00% of their portfolio SCOTTSDALE, AZ 20,00020.0k $22.4k $22.4k 0.00% New
59 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 4,0004.0k $4.5k $4.5k 0.00% Unchanged
60 LAFFER TENGLER INVESTMENTS, INC. 0.25% of their portfolio Scottsdale, AZ 1,2151.2k $1.4m $1.4m 0.25% Reduced -32 -32
61 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 1,0501.1k $1.2m $1.2m 0.01% Unchanged
62 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 1,0001.0k $1.1k $1.1k 0.00% New
63 UBS Group AG 0.00% of their portfolio ZURICH, V8 670670 $754 $754 0.00% Unchanged
64 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged