Vault-13

TRIPADVISOR INC TRIP 0.25 04.01.26

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

27 institutional holders -2 vs Q3 2024
15,958,00016.0m shares reported held*
$331.3mreported value*
2 new 4 added 4 reduced 7 sold out net sold ≈ $21.5m (+200.0k 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 ≈ $20.76.

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 38Q4 22: 42Q1 23: 37Q2 23: 36Q3 23: 32Q4 23: 31Q1 24: 31Q2 24: 30Q3 24: 29Q4 24: 2727Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202238
Q4 202242
Q1 202337
Q2 202336
Q3 202332
Q4 202331
Q1 202431
Q2 202430
Q3 202429
Q4 202427

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 23: 14 bought or addedQ1 23: 16 cut or sold outQ2 23: 14 bought or addedQ2 23: 13 cut or sold outQ2 23Q3 23: 13 bought or addedQ3 23: 15 cut or sold outQ4 23: 11 bought or addedQ4 23: 10 cut or sold outQ4 23Q1 24: 10 bought or addedQ1 24: 11 cut or sold outQ2 24: 8 bought or addedQ2 24: 8 cut or sold outQ2 24Q3 24: 4 bought or addedQ3 24: 10 cut or sold outQ4 24: 6 bought or addedQ4 24: 11 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20231416
Q2 20231413
Q3 20231315
Q4 20231110
Q1 20241011
Q2 202488
Q3 2024410
Q4 2024611

Biggest buyers

Opti Capital Management, LP Added +16,421,000+16.4m
CAPSTONE INVESTMENT ADVISORS, LLC New +7,604,000+7.6m
PALISADE CAPITAL MANAGEMENT, LP Added +5,400,000+5.4m
TORONTO DOMINION BANK New +2,500,000+2.5m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +1,117,000+1.1m
AMERICAN CENTURY COMPANIES INC Added +59,000+59.0k

Biggest sellers

JPMORGAN CHASE & CO Reduced -22,931,000-22.9m
Parallax Volatility Advisers, L.P. Reduced -10,000,000-10.0m
CAMDEN ASSET MANAGEMENT L P /CA Sold out -6,875,000-6.9m
FMR LLC Sold out -5,194,000-5.2m
SHENKMAN CAPITAL MANAGEMENT INC Sold out -4,017,000-4.0m
BlackRock, Inc. Reduced -3,380,000-3.4m
Thrivent Financial for Lutherans Reduced -2,000,000-2.0m
MORGAN STANLEY Sold out -837,000-837.0k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -400,000-400.0k
Bank of New York Mellon Corp Sold out -300,000-300.0k

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.53% of their portfolio NEW YORK, NY 115,884,000115.9m $109.0m $109.0m 1.53% Added +1.1m +1,117,000
2 Opti Capital Management, LP 1.69% of their portfolio New York, NY 39,921,00039.9m $37.8m $37.8m 1.69% Added +16.4m +16,421,000
3 Linden Advisors LP 0.29% of their portfolio New York, NY 37,357,00037.4m $35.0m $35.0m 0.29% Unchanged
4 STEELHEAD PARTNERS LLC 1.65% of their portfolio SEATTLE, WA 35,000,00035.0m $32.8m $32.8m 1.65% Unchanged
5 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 22,911,00022.9m $21.4m $21.4m 0.00% Reduced -22.9m -22,931,000
6 Calamos Advisors LLC 0.06% of their portfolio NAPERVILLE, IL 15,000,00015.0m $14.1m $14.1m 0.06% Unchanged
7 Parallax Volatility Advisers, L.P. 0.31% of their portfolio San Francisco, CA 15,000,00015.0m $14.0m $14.0m 0.31% Reduced -10.0m -10,000,000
8 Ewing Morris & Co. Investment Partners Ltd. 3.98% of their portfolio TORONTO, Z4 8,543,0008.5m $11.5m $11.5m 3.98% Unchanged
9 PALISADE CAPITAL MANAGEMENT, LP 0.20% of their portfolio FORT LEE, NJ 7,892,0007.9m $7.4m $7.4m 0.20% Added +5.4m +5,400,000
10 CAPSTONE INVESTMENT ADVISORS, LLC 0.07% of their portfolio NEW YORK, NY 7,604,0007.6m $7.1m $7.1m 0.07% New
11 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.74% of their portfolio Miamisburg, OH 6,000,0006.0m $5.6m $5.6m 0.74% Unchanged
12 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 4,900,0004.9m $4.6m $4.6m 0.01% Reduced -2.0m -2,000,000
13 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,100,0003.1m $2.9m $2.9m 0.00% Reduced -3.4m -3,380,000
14 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 2,750,0002.8m $2.6m $2.6m 0.00% Unchanged
15 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 2,568,0002.6m $2.4m $2.4m 0.00% Unchanged
16 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 2,500,0002.5m $2.3m $2.3m 0.00% New
17 CIGOGNE MANAGEMENT SA 1.49% of their portfolio LUXEMBOURG, N4 2,000,0002.0m $1.9m $1.9m 1.49% First filing
18 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,250,0001.2m $1.2m $1.2m 0.00% Unchanged
19 ONTARIO TEACHERS PENSION PLAN BOARD 0.02% of their portfolio Toronto, A6 1,237,0001.2m $1.2m $1.2m 0.02% Unchanged
20 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 1,000,0001.0m $931.5k $931.5k 0.00% Unchanged
21 CREDIT INDUSTRIEL ET COMMERCIAL 0.15% of their portfolio PARIS FRANCE, I0 600,000600.0k $563.6k $563.6k 0.15% First filing
22 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 383,000383.0k $359.5k $359.5k 0.00% Added +59.0k +59,000
23 Union Bancaire Privee, UBP SA 0.00% of their portfolio GENEVA 1, V8 100,000100.0k $93.4k $93.4k 0.00% First filing
24 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 15,00015.0k $14.0k $14.0k 0.00% Unchanged
25 K2 PRINCIPAL FUND, L.P. 1.58% of their portfolio TORONTO, A6 11,50011.5k $10.7m $10.7m 1.58% Unchanged
26 Chicago Capital Management, LLC 2.32% of their portfolio CHICAGO, IL 4,0004.0k $3.8m $3.8m 2.32% Unchanged
27 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged