Vault-13

TRIPADVISOR INC TRIP 0.25 04.01.26

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

36 institutional holders -1 vs Q1 2023
20,220,00020.2m shares reported held*
$379.5mreported value*
5 new 9 added 7 reduced 6 sold out net sold ≈ $7.1m (+5.4m 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 ≈ $18.77.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 38Q4 22: 42Q1 23: 37Q2 23: 3636Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202238
Q4 202242
Q1 202337
Q2 202336

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 23Q2 23: 14 bought or addedQ2 23: 13 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221215
Q1 20231416
Q2 20231413

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 —Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$4.6m$14.9m3.20
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$0—

Biggest buyers

STEELHEAD PARTNERS LLC Added +43,209,000+43.2m
Nuveen Asset Management, LLC New +7,000,000+7.0m
Man Group plc New +7,000,000+7.0m
OAKTREE CAPITAL MANAGEMENT LP Added +5,265,000+5.3m
TORONTO DOMINION BANK Added +5,150,000+5.2m
Parallax Volatility Advisers, L.P. Added +5,000,000+5.0m
Centiva Capital, LP Added +4,500,000+4.5m
Linden Advisors LP Added +4,100,000+4.1m
JPMORGAN CHASE & CO Added +2,717,000+2.7m
TENOR CAPITAL MANAGEMENT Co., L.P. New +2,500,000+2.5m

Biggest sellers

Wellesley Asset Management Sold out -44,257,284-44.3m
Anchorage Capital Group, L.L.C. Sold out -15,000,000-15.0m
SOROS FUND MANAGEMENT LLC Sold out -9,645,000-9.6m
FMR LLC Reduced -9,104,000-9.1m
BANK OF AMERICA CORP /DE/ Reduced -8,756,000-8.8m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -4,015,000-4.0m
CREDIT SUISSE AG/ Reduced -1,900,000-1.9m
BNP PARIBAS FINANCIAL MARKETS Reduced -1,873,000-1.9m
PALISADE CAPITAL MANAGEMENT, LP Reduced -1,265,000-1.3m
MORGAN STANLEY Sold out -600,000-600.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 STEELHEAD PARTNERS LLC 3.05% of their portfolio SEATTLE, WA 57,122,00057.1m $48.2m $48.2m 3.05% Added +43.2m +43,209,000
2 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 39,718,00039.7m $33.4m $33.4m 0.00% Added +2.7m +2,717,000
3 HBK INVESTMENTS L P 0.80% of their portfolio DALLAS, TX 30,000,00030.0m $25.3m $25.3m 0.80% Unchanged
4 Parallax Volatility Advisers, L.P. 0.86% of their portfolio San Francisco, CA 30,000,00030.0m $25.1m $25.1m 0.86% Added +5.0m +5,000,000
5 Linden Advisors LP 0.16% of their portfolio New York, NY 18,061,00018.1m $15.2m $15.2m 0.16% Added +4.1m +4,100,000
6 Calamos Advisors LLC 0.06% of their portfolio NAPERVILLE, IL 15,000,00015.0m $12.6m $12.6m 0.06% Unchanged
7 OAKTREE CAPITAL MANAGEMENT LP 0.15% of their portfolio LOS ANGELES, CA 13,186,00013.2m $11.1m $11.1m 0.15% Added +5.3m +5,265,000
8 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 10,300,00010.3m $8.6m $8.6m 0.01% Added +5.2m +5,150,000
9 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 9,600,0009.6m $8.0m $8.0m 0.02% Unchanged
10 FMR LLC 0.00% of their portfolio BOSTON, MA 9,104,0009.1m $7.6m $7.6m 0.00% Reduced -9.1m -9,104,000
11 Centiva Capital, LP 0.32% of their portfolio New York, NY 7,500,0007.5m $6.3m $6.3m 0.32% Added +4.5m +4,500,000
12 Nuveen Asset Management, LLC 0.04% of their portfolio CHICAGO, IL 7,000,0007.0m $115.4m $115.4m 0.04% New
13 Man Group plc 0.02% of their portfolio LONDON, X0 7,000,0007.0m $5.9m $5.9m 0.02% New
14 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,783,0006.8m $5.7m $5.7m 0.00% Reduced -8.8m -8,756,000
15 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.69% of their portfolio Miamisburg, OH 6,000,0006.0m $5.0m $5.0m 0.69% Unchanged
16 BlackRock Inc. 0.00% of their portfolio New York, NY 5,730,0005.7m $4.8m $4.8m 0.00% Reduced -250.0k -250,000
17 SHENKMAN CAPITAL MANAGEMENT INC 0.37% of their portfolio NEW YORK, NY 5,659,0005.7m $4.8m $4.8m 0.37% Reduced -4.0m -4,015,000
18 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 4,300,0004.3m $3.6m $3.6m 0.00% Unchanged
19 PALISADE CAPITAL MANAGEMENT, LP 0.07% of their portfolio FORT LEE, NJ 3,202,0003.2m $2.7m $2.7m 0.07% Reduced -1.3m -1,265,000
20 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 3,100,0003.1m $2.6m $2.6m 0.01% Added +1.3m +1,313,000
21 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 2,750,0002.8m $2.3m $2.3m 0.00% Unchanged
22 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 2,568,0002.6m $2.2m $2.2m 0.00% Unchanged
23 AGF MANAGEMENT LTD 0.02% of their portfolio TORONTO, A6 2,500,0002.5m $2.1m $2.1m 0.02% Unchanged
24 TENOR CAPITAL MANAGEMENT Co., L.P. 0.04% of their portfolio NEW YORK, NY 2,500,0002.5m $2.1m $2.1m 0.04% New
25 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,476,0002.5m $2.1m $2.1m 0.00% Reduced -1.9m -1,873,000
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 0.07% of their portfolio LONDON, X0 1,800,0001.8m $1.5m $1.5m 0.07% Unchanged
29 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,250,0001.2m $1.1m $1.1m 0.00% Unchanged
30 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 1,000,0001.0m $794.7k $794.7k 0.00% Reduced -1.9m -1,900,000
31 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 378,000378.0k $317.7k $317.7k 0.01% New
32 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 250,000250.0k $209.6k $209.6k 0.00% New
33 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 70,00070.0k $59.0k $59.0k 0.00% Unchanged
34 K2 PRINCIPAL FUND, L.P. 3.08% of their portfolio TORONTO, A6 11,50011.5k $9.7m $9.7m 3.08% Added +1.0k +1,000
35 Alken Asset Management Ltd 0.01% of their portfolio LONDON, X0 375375 $314 $314 0.01% Unchanged
36 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged