Vault-13

TRIPADVISOR INC TRIP 0.25 04.01.26

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

4 institutional holders -21 vs Q4 2025
$15.0mprincipal reported held*
$28.9mreported value*
2 new 0 added 0 reduced 23 sold out net sold ≈ $304.1m

* 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.

Trends to Q1 2026

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: 27Q2 25: 26Q3 25: 23Q4 25: 25Q1 26: 44Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202238
Q4 202242
Q1 202337
Q2 202336
Q3 202332
Q4 202331
Q1 202431
Q2 202430
Q3 202429
Q4 202427
Q1 202527
Q2 202526
Q3 202523
Q4 202525
Q1 20264

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 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 25Q2 25: 6 bought or addedQ2 25: 7 cut or sold outQ3 25: 4 bought or addedQ3 25: 4 cut or sold outQ3 25Q4 25: 3 bought or addedQ4 25: 2 cut or sold outQ1 26: 2 bought or addedQ1 26: 23 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202488
Q3 2024410
Q4 2024611
Q1 2025119
Q2 202567
Q3 202544
Q4 202532
Q1 2026223

Biggest buyers

Radcliffe Capital Management, L.P. New +8,250,000+8.2m
Mint Tower Capital Management B.V. New +750,000+750.0k

Biggest sellers

TENOR CAPITAL MANAGEMENT Co., L.P. Sold out -115,893,000-115.9m
STEELHEAD PARTNERS LLC Sold out -47,901,000-47.9m
CAPSTONE INVESTMENT ADVISORS, LLC Sold out -35,604,000-35.6m
Opti Capital Management, LP Sold out -30,000,000-30.0m
DeepCurrents Investment Group LLC Sold out -23,000,000-23.0m
Calamos Advisors LLC Sold out -15,000,000-15.0m
Parallax Volatility Advisers, L.P. Sold out -10,000,000-10.0m
LAZARD ASSET MANAGEMENT LLC Sold out -7,865,000-7.9m
Thrivent Financial for Lutherans Sold out -6,600,000-6.6m
PALISADE CAPITAL MANAGEMENT, LP Sold out -6,546,000-6.5m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Radcliffe Capital Management, L.P. 0.62% of their portfolio BALA CYNWYD, PA 8,250,0008.2m $8.2m $8.2m 0.62% New
2 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.71% of their portfolio Miamisburg, OH 6,000,0006.0m $6.0m $6.0m 0.71% Unchanged
3 Mint Tower Capital Management B.V. 0.07% of their portfolio AMSTERDAM, P7 750,000750.0k $748.0k $748.0k 0.07% New
4 K2 PRINCIPAL FUND, L.P. 1.47% of their portfolio TORONTO, A6 14,00014.0k $14.0m $14.0m 1.47% Unchanged