Vault-13

TRIPADVISOR INC TRIP 0.25 04.01.26

NOTE 0.250% 4/0 · US DOMESTIC · CUSIP 896945AD4

37 institutional holders -5 vs Q4 2022
14,820,00014.8m shares reported held*
$271.0mreported value*
3 new 11 added 8 reduced 8 sold out net bought ≈ $50.0m (+4.7m 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 ≈ $18.29.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 38Q4 22: 42Q1 23: 3737Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202238
Q4 202242
Q1 202337

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 12 bought or addedQ4 22: 15 cut or sold outQ4 22Q1 23: 14 bought or addedQ1 23: 16 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221215
Q1 20231416

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 22 calls: $4.6mQ3 22 puts: $14.9mQ3 22P/C 3.20Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$4.6m$14.9m3.20
Q4 2022$0$0—
Q1 2023$0$0—

Biggest buyers

Wellesley Asset Management Added +44,204,130+44.2m
HBK INVESTMENTS L P New +30,000,000+30.0m
FMR LLC Added +14,404,000+14.4m
BANK OF AMERICA CORP /DE/ Added +6,771,000+6.8m
Linden Advisors LP Added +6,461,000+6.5m
TORONTO DOMINION BANK New +5,150,000+5.2m
Parallax Volatility Advisers, L.P. Added +5,000,000+5.0m
EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC Added +2,000,000+2.0m
OAKTREE CAPITAL MANAGEMENT LP Added +1,855,000+1.9m
JPMORGAN CHASE & CO Added +1,200,000+1.2m

Biggest sellers

STEELHEAD PARTNERS LLC Reduced -17,087,000-17.1m
Anchorage Capital Group, L.L.C. Reduced -15,170,000-15.2m
SOROS FUND MANAGEMENT LLC Reduced -5,155,000-5.2m
Centiva Capital, LP Reduced -4,500,000-4.5m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -4,237,000-4.2m
Antara Capital LP Sold out -3,881,000-3.9m
Fore Capital, LLC Sold out -3,000,000-3.0m
Jefferies Financial Group Inc. Sold out -2,000,000-2.0m
PALISADE CAPITAL MANAGEMENT, LP Reduced -950,000-950.0k
BNP PARIBAS FINANCIAL MARKETS Reduced -702,000-702.0k

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Wellesley Asset Management 2.74% of their portfolio PORTSMOUTH, NH 44,257,28444.3m $37.1m $37.1m 2.74% Added +44.2m +44,204,130
2 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 37,001,00037.0m $30.3m $30.3m 0.00% Added +1.2m +1,200,000
3 HBK INVESTMENTS L P 0.90% of their portfolio DALLAS, TX 30,000,00030.0m $24.9m $24.9m 0.90% New
4 Parallax Volatility Advisers, L.P. 0.72% of their portfolio San Francisco, CA 25,000,00025.0m $20.5m $20.5m 0.72% Added +5.0m +5,000,000
5 FMR LLC 0.00% of their portfolio BOSTON, MA 18,208,00018.2m $14.9m $14.9m 0.00% Added +14.4m +14,404,000
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 15,539,00015.5m $12.7m $12.7m 0.00% Added +6.8m +6,771,000
7 Anchorage Capital Group, L.L.C. 1.90% of their portfolio NEW YORK, NY 15,000,00015.0m $12.3m $12.3m 1.90% Reduced -15.2m -15,170,000
8 Calamos Advisors LLC 0.06% of their portfolio NAPERVILLE, IL 15,000,00015.0m $12.4m $12.4m 0.06% Unchanged
9 Linden Advisors LP 0.12% of their portfolio New York, NY 13,961,00014.0m $11.6m $11.6m 0.12% Added +6.5m +6,461,000
10 STEELHEAD PARTNERS LLC 0.75% of their portfolio SEATTLE, WA 13,913,00013.9m $11.5m $11.5m 0.75% Reduced -17.1m -17,087,000
11 SHENKMAN CAPITAL MANAGEMENT INC 0.60% of their portfolio NEW YORK, NY 9,674,0009.7m $7.9m $7.9m 0.60% Reduced -4.2m -4,237,000
12 SOROS FUND MANAGEMENT LLC 0.15% of their portfolio NEW YORK, NY 9,645,0009.6m $8.0m $8.0m 0.15% Reduced -5.2m -5,155,000
13 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 9,600,0009.6m $7.9m $7.9m 0.02% Unchanged
14 OAKTREE CAPITAL MANAGEMENT LP 0.07% of their portfolio LOS ANGELES, CA 7,921,0007.9m $6.5m $6.5m 0.07% Added +1.9m +1,855,000
15 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.71% of their portfolio Miamisburg, OH 6,000,0006.0m $4.9m $4.9m 0.71% Added +2.0m +2,000,000
16 BlackRock Inc. 0.00% of their portfolio New York, NY 5,980,0006.0m $4.9m $4.9m 0.00% Reduced -605.0k -605,000
17 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 5,150,0005.2m $4.2m $4.2m 0.01% New
18 PALISADE CAPITAL MANAGEMENT, LP 0.10% of their portfolio FORT LEE, NJ 4,467,0004.5m $3.7m $3.7m 0.10% Reduced -950.0k -950,000
19 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 4,349,0004.3m $3.6m $3.6m 0.01% Reduced -702.0k -702,000
20 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 4,300,0004.3m $3.5m $3.5m 0.00% Unchanged
21 Centiva Capital, LP 0.14% of their portfolio New York, NY 3,000,0003.0m $2.5m $2.5m 0.14% Reduced -4.5m -4,500,000
22 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 2,900,0002.9m $2.3m $2.3m 0.00% Unchanged
23 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 2,750,0002.8m $2.2m $2.2m 0.00% Added +1.0m +1,000,000
24 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 2,568,0002.6m $2.1m $2.1m 0.00% Unchanged
25 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 2,500,0002.5m $2.0m $2.0m 0.01% Unchanged
26 ONTARIO TEACHERS PENSION PLAN BOARD 0.02% of their portfolio Toronto, A6 2,000,0002.0m $1.7m $1.7m 0.02% Unchanged
27 Amundi 0.00% of their portfolio Paris, I0 1,800,0001.8m $1.5m $1.5m 0.00% Unchanged
28 Lombard Odier Asset Management (Europe) Ltd 0.08% of their portfolio LONDON, X0 1,800,0001.8m $1.5m $1.5m 0.08% Unchanged
29 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,787,0001.8m $1.5m $1.5m 0.00% Added +603.0k +603,000
30 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,250,0001.2m $1.0m $1.0m 0.00% Unchanged
31 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 600,000600.0k $491.7k $491.7k 0.00% Unchanged
32 Penn Mutual Asset Management 0.09% of their portfolio Conshohocken, PA 114,000114.0k $93.6k $93.6k 0.09% New
33 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 100,000100.0k $81.8k $81.8k 0.00% Unchanged
34 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 70,00070.0k $57.0k $57.0k 0.00% Unchanged
35 K2 PRINCIPAL FUND, L.P. 2.39% of their portfolio TORONTO, A6 10,50010.5k $8.7m $8.7m 2.39% Added +2.0k +2,000
36 Alken Asset Management Ltd 0.01% of their portfolio LONDON, X0 375375 $306 $306 0.01% Unchanged
37 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged