Vault-13

TETRA TECH INC NEW TTEK 2.25 08.15.28

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

61 institutional holders -3 vs Q2 2025
37,597,63837.6m shares reported held*
$530.4mreported value*
10 new 16 added 19 reduced 11 sold out net sold ≈ $30.1m (+416.4k 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 ($965.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.13.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 24: 60Q4 24: 62Q1 25: 70Q2 25: 64Q3 25: 6161Q3 24Q4 24Q1 25Q2 25Q3 25
Numbers
QuarterHolders
Q3 202460
Q4 202462
Q1 202570
Q2 202564
Q3 202561

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 25Q3 25: 26 bought or addedQ3 25: 30 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20242829
Q1 20254023
Q2 20252430
Q3 20252630

Biggest buyers

ADVENT CAPITAL MANAGEMENT /DE/ Added +10,639,000+10.6m
BANK OF MONTREAL /CAN/ Added +7,500,000+7.5m
Point72 Asset Management, L.P. Added +7,265,000+7.3m
READYSTATE ASSET MANAGEMENT LP New +5,000,000+5.0m
OAKTREE CAPITAL MANAGEMENT LP Added +4,936,000+4.9m
MIZUHO SECURITIES USA LLC New +2,700,000+2.7m
WELLINGTON MANAGEMENT GROUP LLP Added +1,850,000+1.9m
STATE STREET CORP Added +1,200,000+1.2m
WOLVERINE ASSET MANAGEMENT LLC Added +1,105,000+1.1m
STATE OF WISCONSIN INVESTMENT BOARD Added +1,000,000+1.0m

Biggest sellers

ARISTEIA CAPITAL, L.L.C. Sold out -15,500,000-15.5m
ZAZOVE ASSOCIATES LLC Reduced -11,004,000-11.0m
LAZARD ASSET MANAGEMENT LLC Reduced -10,557,000-10.6m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -9,500,000-9.5m
MacKay Shields LLC Reduced -5,909,000-5.9m
SSI INVESTMENT MANAGEMENT LLC Reduced -4,000,000-4.0m
Universal- Beteiligungs- und Servicegesellschaft mbH Reduced -2,760,000-2.8m
WELLS FARGO & COMPANY/MN Reduced -2,708,000-2.7m
Ameritas Investment Partners, Inc. Sold out -2,100,000-2.1m
Amundi Sold out -1,600,000-1.6m

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MacKay Shields LLC 2.16% of their portfolio New York, NY 58,598,00058.6m $63.5m $63.5m 2.16% Reduced -5.9m -5,909,000
2 ZAZOVE ASSOCIATES LLC 5.52% of their portfolio INCLINE VILLAGE, NV 56,415,00056.4m $60.8m $60.8m 5.52% Reduced -11.0m -11,004,000
3 CAMDEN ASSET MANAGEMENT L P /CA 1.11% of their portfolio Los Angeles, CA 46,501,00046.5m $50.2m $50.2m 1.11% Reduced -1.1m -1,050,000
4 ADVENT CAPITAL MANAGEMENT /DE/ 1.09% of their portfolio NEW YORK, NY 44,874,00044.9m $48.6m $48.6m 1.09% Added +10.6m +10,639,000
5 Point72 Asset Management, L.P. 0.08% of their portfolio STAMFORD, CT 35,265,00035.3m $38.1m $38.1m 0.08% Added +7.3m +7,265,000
6 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 28,000,00028.0m $30.2m $30.2m 0.05% Reduced -500.0k -500,000
7 Alberta Investment Management Corp 0.20% of their portfolio EDMONTON, A0 25,000,00025.0m $26.9m $26.9m 0.20% Unchanged
8 Calamos Advisors LLC 0.09% of their portfolio NAPERVILLE, IL 20,438,00020.4m $22.0m $22.0m 0.09% Added +8.0k +8,000
9 WOLVERINE ASSET MANAGEMENT LLC 0.27% of their portfolio CHICAGO, IL 16,930,00016.9m $18.3m $18.3m 0.27% Added +1.1m +1,105,000
10 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 15,300,00015.3m $16.5m $16.5m 0.01% Added +7.5m +7,500,000
11 ABSOLUTE INVESTMENT ADVISERS, LLC 1.88% of their portfolio ROSEMARY BEACH, FL 13,939,00013.9m $15.0m $15.0m 1.88% Reduced -353.0k -353,000
12 FMR LLC 0.00% of their portfolio BOSTON, MA 13,625,00013.6m $14.7m $14.7m 0.00% Reduced -583.0k -583,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,500,00012.5m $13.5m $13.5m 0.00% Added +1.2m +1,200,000
14 OAKTREE CAPITAL MANAGEMENT LP 0.22% of their portfolio LOS ANGELES, CA 11,905,00011.9m $12.9m $12.9m 0.22% Added +4.9m +4,936,000
15 SHENKMAN CAPITAL MANAGEMENT INC 1.00% of their portfolio NEW YORK, NY 9,107,0009.1m $10.2m $10.2m 1.00% Added +408.0k +408,000
16 OFI INVEST ASSET MANAGEMENT 0.14% of their portfolio ISSY LES MOULINEAUX, I0 7,000,0007.0m $6.4m $6.4m 0.14% Unchanged
17 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 6,222,0006.2m $67.4k $67.4k 0.00% Reduced -10.6m -10,557,000
18 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 5,750,0005.8m $6.2m $6.2m 0.01% Added +250.0k +250,000
19 CONNING INC. 0.20% of their portfolio HARTFORD, CT 5,600,0005.6m $6.0m $6.0m 0.20% Unchanged
20 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,489,0005.5m $5.9m $5.9m 0.00% Reduced -400.0k -400,000
21 READYSTATE ASSET MANAGEMENT LP 0.26% of their portfolio CHICAGO, IL 5,000,0005.0m $5.4m $5.4m 0.26% New
22 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 4,367,0004.4m $4.7m $4.7m 0.01% Reduced -2.8m -2,760,000
23 Wellesley Asset Management 0.38% of their portfolio PORTSMOUTH, NH 3,490,0003.5m $3.7m $3.7m 0.38% Reduced -6.0k -6,000
24 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 3,350,0003.4m $3.6m $3.6m 0.00% Added +1.9m +1,850,000
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,081,0003.1m $3.3m $3.3m 0.00% Added +658.0k +658,000
26 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $3.2m $3.2m 0.01% Added +1.0m +1,000,000
27 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 3,000,0003.0m $3.3m $3.3m 0.01% Reduced -9.5m -9,500,000
28 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,750,0002.8m $3.0m $3.0m 0.00% Unchanged
29 MIZUHO SECURITIES USA LLC 0.06% of their portfolio NEW YORK, NY 2,700,0002.7m $3.0m $3.0m 0.06% New
30 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,501,0002.5m $2.7m $2.7m 0.00% Added +501.0k +501,000
31 SSI INVESTMENT MANAGEMENT LLC 0.17% of their portfolio Los Angeles, CA 2,337,0002.3m $2.5m $2.5m 0.17% Reduced -4.0m -4,000,000
32 PALISADE CAPITAL MANAGEMENT, LP 0.07% of their portfolio FORT LEE, NJ 2,312,0002.3m $2.5m $2.5m 0.07% Unchanged
33 RWC Asset Management LLP 0.08% of their portfolio LONDON, X0 1,581,0001.6m $1.7m $1.7m 0.08% Reduced -119.0k -119,000
34 WESTWOOD HOLDINGS GROUP INC 0.01% of their portfolio DALLAS, TX 1,500,0001.5m $1.6m $1.6m 0.01% Unchanged
35 Man Group plc 0.00% of their portfolio LONDON, X0 1,500,0001.5m $1.6m $1.6m 0.00% Unchanged
36 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,404,0001.4m $1.5m $1.5m 0.00% Reduced -2.7m -2,708,000
37 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 1,300,0001.3m $1.4m $1.4m 0.00% Unchanged
38 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 1,200,0001.2m $1.3m $1.3m 0.00% Unchanged
39 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,187,0001.2m $1.3m $1.3m 0.00% Reduced -1.0m -1,006,000
40 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,124,0001.1m $1.2m $1.2m 0.00% Added +74.0k +74,000
41 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 900,000900.0k $971.8k $971.8k 0.00% Reduced -1.4m -1,400,000
42 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 893,000893.0k $965.1k $965.1k 0.00% Unchanged
43 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 724,000724.0k $780.6k $780.6k 0.00% New
44 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 533,000533.0k $575.6k $575.6k 0.00% Unchanged
45 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 514,000514.0k $555.0k $555.0k 0.00% Reduced -1.0m -1,002,000
46 Calamos Wealth Management LLC 0.02% of their portfolio NAPERVILLE, IL 385,000385.0k $415.0k $415.0k 0.02% Reduced -28.0k -28,000
47 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 300,000300.0k $325.1k $325.1k 0.01% Unchanged
48 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 132,000132.0k $142.6k $142.6k 0.00% Added +46.0k +46,000
49 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 128,000128.0k $138.2k $138.2k 0.00% Reduced -1.0k -1,000
50 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 110,000110.0k $118.8k $118.8k 0.00% New
51 NOMURA HOLDINGS INC 0.01% of their portfolio TOKYO, M0 66,05966.1k $2.2m $2.2m 0.01% New
52 FIL Ltd 0.00% of their portfolio HAMILTON, D0 44,00044.0k $47.5k $47.5k 0.00% Unchanged
53 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 41,00041.0k $44.3k $44.3k 0.00% Unchanged
54 LAFFER TENGLER INVESTMENTS, INC. 0.38% of their portfolio Scottsdale, AZ 22,20022.2k $2.4m $2.4m 0.38% New
55 Balboa Wealth Partners 0.00% of their portfolio SCOTTSDALE, AZ 20,00020.0k $21.5k $21.5k 0.00% New
56 Clear Creek Financial Management, LLC 0.04% of their portfolio SILVERDALE, WA 13,17213.2k $439.7k $439.7k 0.04% New
57 Lindenwold Advisors, INC 0.16% of their portfolio READING, PA 10,40710.4k $347.4k $347.4k 0.16% New
58 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 8,0008.0k $864.0k $864.0k 0.00% New
59 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 4,0004.0k $4.3k $4.3k 0.00% Unchanged
60 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,3301.3k $1.4k $1.4k 0.00% Added +660 +660
61 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 1,0501.1k $1.1m $1.1m 0.01% Unchanged