Vault-13

TRIPADVISOR INC TRIP 0.25 04.01.26

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

27 institutional holders +0 vs Q4 2024
8,558,0008.6m shares reported held*
$334.4mreported value*
5 new 6 added 5 reduced 4 sold out net sold ≈ $4.7m (-7.4m 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 ≈ $39.08.

Trends to Q1 2025

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: 27Q1 25: 2727Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202238
Q4 202242
Q1 202337
Q2 202336
Q3 202332
Q4 202331
Q1 202431
Q2 202430
Q3 202429
Q4 202427
Q1 202527

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q2 23: 14 bought or addedQ2 23: 13 cut or sold outQ3 23: 13 bought or addedQ3 23: 15 cut or sold outQ3 23Q4 23: 11 bought or addedQ4 23: 10 cut or sold outQ1 24: 10 bought or addedQ1 24: 11 cut or sold outQ1 24Q2 24: 8 bought or addedQ2 24: 8 cut or sold outQ3 24: 4 bought or addedQ3 24: 10 cut or sold outQ3 24Q4 24: 6 bought or addedQ4 24: 11 cut or sold outQ1 25: 11 bought or addedQ1 25: 9 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20231413
Q3 20231315
Q4 20231110
Q1 20241011
Q2 202488
Q3 2024410
Q4 2024611
Q1 2025119

Biggest buyers

CAPSTONE INVESTMENT ADVISORS, LLC Added +12,500,000+12.5m
STEELHEAD PARTNERS LLC Added +10,013,000+10.0m
LAZARD ASSET MANAGEMENT LLC Added +5,297,000+5.3m
Thrivent Financial for Lutherans New +4,900,000+4.9m
Groupe la Francaise New +2,000,000+2.0m
GLAZER CAPITAL, LLC New +1,000,000+1.0m
BlackRock, Inc. Added +600,000+600.0k
BANK OF MONTREAL /CAN/ New +100,000+100.0k
TENOR CAPITAL MANAGEMENT Co., L.P. Added +9,000+9.0k
K2 PRINCIPAL FUND, L.P. Added +2,500+2.5k

Biggest sellers

JPMORGAN CHASE & CO Reduced -17,850,000-17.9m
Opti Capital Management, LP Reduced -9,921,000-9.9m
Parallax Volatility Advisers, L.P. Reduced -5,000,000-5.0m
Thrivent Financial for Lutherans Sold out -4,900,000-4.9m
TORONTO DOMINION BANK Sold out -2,500,000-2.5m
FRANKLIN RESOURCES INC Sold out -1,000,000-1.0m
Union Bancaire Privee, UBP SA Sold out -100,000-100.0k
PALISADE CAPITAL MANAGEMENT, LP Reduced -33,000-33.0k
AMERICAN CENTURY COMPANIES INC Reduced -9,000-9.0k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.59% of their portfolio NEW YORK, NY 115,893,000115.9m $111.3m $111.3m 1.59% Added +9.0k +9,000
2 STEELHEAD PARTNERS LLC 2.49% of their portfolio SEATTLE, WA 45,013,00045.0m $43.2m $43.2m 2.49% Added +10.0m +10,013,000
3 Linden Advisors LP 0.24% of their portfolio New York, NY 37,357,00037.4m $35.8m $35.8m 0.24% Unchanged
4 Opti Capital Management, LP 1.76% of their portfolio New York, NY 30,000,00030.0m $28.8m $28.8m 1.76% Reduced -9.9m -9,921,000
5 CAPSTONE INVESTMENT ADVISORS, LLC 0.18% of their portfolio NEW YORK, NY 20,104,00020.1m $19.3m $19.3m 0.18% Added +12.5m +12,500,000
6 Calamos Advisors LLC 0.07% of their portfolio NAPERVILLE, IL 15,000,00015.0m $14.4m $14.4m 0.07% Unchanged
7 Parallax Volatility Advisers, L.P. 0.31% of their portfolio San Francisco, CA 10,000,00010.0m $9.6m $9.6m 0.31% Reduced -5.0m -5,000,000
8 Ewing Morris & Co. Investment Partners Ltd. 3.73% of their portfolio TORONTO, Z4 8,543,0008.5m $11.8m $11.8m 3.73% Unchanged
9 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 7,865,0007.9m $7.6m $7.6m 0.01% Added +5.3m +5,297,000
10 PALISADE CAPITAL MANAGEMENT, LP 0.22% of their portfolio FORT LEE, NJ 7,859,0007.9m $7.5m $7.5m 0.22% Reduced -33.0k -33,000
11 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.76% of their portfolio Miamisburg, OH 6,000,0006.0m $5.8m $5.8m 0.76% Unchanged
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,061,0005.1m $4.9m $4.9m 0.00% Reduced -17.9m -17,850,000
13 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 4,900,0004.9m $4.7m $4.7m 0.01% New
14 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,700,0003.7m $3.5m $3.5m 0.00% Added +600.0k +600,000
15 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 2,750,0002.8m $2.6m $2.6m 0.00% Unchanged
16 Groupe la Francaise 0.04% of their portfolio PARIS, I0 2,000,0002.0m $1.9m $1.9m 0.04% New
17 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
18 ONTARIO TEACHERS PENSION PLAN BOARD 0.02% of their portfolio Toronto, A6 1,237,0001.2m $1.2m $1.2m 0.02% Unchanged
19 GLAZER CAPITAL, LLC 0.04% of their portfolio New York, NY 1,000,0001.0m $960.0k $960.0k 0.04% New
20 CREDIT INDUSTRIEL ET COMMERCIAL 0.10% of their portfolio PARIS FRANCE, I0 600,000600.0k $572.3k $572.3k 0.10% Unchanged
21 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 374,000374.0k $359.9k $359.9k 0.00% Reduced -9.0k -9,000
22 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 100,000100.0k $95.8k $95.8k 0.00% New
23 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 15,00015.0k $14.4k $14.4k 0.00% Unchanged
24 K2 PRINCIPAL FUND, L.P. 2.03% of their portfolio TORONTO, A6 14,00014.0k $13.3m $13.3m 2.03% Added +2.5k +2,500
25 Chicago Capital Management, LLC 2.38% of their portfolio CHICAGO, IL 4,0004.0k $3.8m $3.8m 2.38% Unchanged
26 Alken Asset Management Ltd 0.39% of their portfolio LONDON, X0 250250 $240.0k $240.0k 0.39% New
27 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged