Vault-13

VNET GROUP INC VNET 0 02.01.26

NOTE 2/0 · US DOMESTIC · CUSIP 90138VAB3

29 institutional holders +0 vs Q4 2022
44,760,00044.8m shares reported held*
$470.2mreported value*
8 new 5 added 3 reduced 9 sold out net bought ≈ $6.5m (-52.8m 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 ≈ $10.50.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 27Q4 22: 29Q1 23: 2929Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202227
Q4 202229
Q1 202329

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: 10 cut or sold outQ4 22Q1 23: 13 bought or addedQ1 23: 12 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221210
Q1 20231312

Biggest buyers

Varde Management, L.P. New +76,163,000+76.2m
Davidson Kempner Capital Management LP Added +30,007,000+30.0m
Brevan Howard Capital Management LP New +11,740,000+11.7m
Weiss Asset Management LP New +11,000,000+11.0m
QVT Financial LP New +10,000,000+10.0m
Long Corridor Asset Management Ltd New +9,500,000+9.5m
MASO CAPITAL PARTNERS Ltd New +8,000,000+8.0m
MY.Alpha Management HK Advisors Ltd Added +5,423,000+5.4m
Nuveen Asset Management, LLC Added +4,000,000+4.0m
LMR Partners LLP Added +3,000,000+3.0m

Biggest sellers

Varde Management, L.P. Sold out -68,663,000-68.7m
GOLDMAN SACHS GROUP INC Reduced -34,760,000-34.8m
Allianz Asset Management GmbH Sold out -23,500,000-23.5m
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -11,380,000-11.4m
BANK OF AMERICA CORP /DE/ Sold out -8,000,000-8.0m
Long Corridor Asset Management Ltd Sold out -7,000,000-7.0m
STATE STREET CORP Reduced -2,250,000-2.2m
OAKTREE CAPITAL MANAGEMENT LP Sold out -1,200,000-1.2m
RWC Asset Management LLP Sold out -500,000-500.0k
BOOTHBAY FUND MANAGEMENT, LLC Sold out -500,000-500.0k

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.42% of their portfolio SAN FRANCISCO, CA 87,250,00087.2m $69.1m $69.1m 0.42% Unchanged
2 Varde Management, L.P. 43.66% of their portfolio New York, NY 76,163,00076.2m $60.0m $60.0m 43.66% New
3 DAVIDSON KEMPNER PARTNERS 1.41% of their portfolio New York, NY 71,694,00071.7m $56.6m $56.6m 1.41% First filing
4 Davidson Kempner Capital Management LP 1.18% of their portfolio New York, NY 71,694,00071.7m $56.6m $56.6m 1.18% Added +30.0m +30,007,000
5 LMR Partners LLP 0.95% of their portfolio LONDON, X0 65,000,00065.0m $51.7m $51.7m 0.95% Added +3.0m +3,000,000
6 Sculptor Capital LP 0.74% of their portfolio New York, NY 37,254,00037.3m $29.6m $29.6m 0.74% Unchanged
7 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 20,000,00020.0m $15.8m $15.8m 0.01% Added +4.0m +4,000,000
8 Segantii Capital Management Ltd 0.56% of their portfolio HONG KONG, K3 15,815,00015.8m $12.6m $12.6m 0.56% Unchanged
9 Aspex Management (HK) Ltd 0.29% of their portfolio CENTRAL, K3 15,000,00015.0m $11.9m $11.9m 0.29% Unchanged
10 MY.Alpha Management HK Advisors Ltd 3.52% of their portfolio HONG KONG, K3 13,760,00013.8m $10.9m $10.9m 3.52% Added +5.4m +5,423,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,400,00012.4m $9.8m $9.8m 0.00% Reduced -2.2m -2,250,000
12 Man Group plc 0.04% of their portfolio LONDON, X0 12,200,00012.2m $9.9m $9.9m 0.04% Added +200.0k +200,000
13 Brevan Howard Capital Management LP 2.07% of their portfolio ST. HELIER, Y9 11,740,00011.7m $9.4m $9.4m 2.07% New
14 Weiss Asset Management LP 0.69% of their portfolio BOSTON, MA 11,000,00011.0m $8.7m $8.7m 0.69% New
15 QVT Financial LP 0.47% of their portfolio New York, NY 10,000,00010.0m $7.9m $7.9m 0.47% New
16 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 9,910,0009.9m $7.9m $7.9m 0.00% Reduced -11.4m -11,380,000
17 Long Corridor Asset Management Ltd 9.13% of their portfolio HONG KONG, K3 9,500,0009.5m $7.6m $7.6m 9.13% New
18 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 8,079,0008.1m $6.5m $6.5m 0.01% Unchanged
19 MASO CAPITAL PARTNERS Ltd 4.20% of their portfolio HONG KONG, K3 8,000,0008.0m $6.3m $6.3m 4.20% New
20 Fiera Capital Corp 0.01% of their portfolio MONTREAL, A8 3,999,9994.0m $3.2m $3.2m 0.01% Unchanged
21 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 3,605,0003.6m $2.8m $2.8m 0.00% Reduced -34.8m -34,760,000
22 Ovata Capital Management Ltd 1.19% of their portfolio HONG KONG, K3 3,500,0003.5m $2.8m $2.8m 1.19% Unchanged
23 LASRY MARC 3.03% of their portfolio NEW YORK, NY 2,000,0002.0m $1.6m $1.6m 3.03% Unchanged
24 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,348,0001.3m $1.1m $1.1m 0.00% Unchanged
25 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $792.5k $792.5k 0.00% New
26 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 200,000200.0k $158.0k $158.0k 0.00% Unchanged
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 125,000125.0k $99.0k $99.0k 0.00% New
28 NINE MASTS CAPITAL Ltd 9.32% of their portfolio CENTRAL, K3 11,00011.0k $8.8m $8.8m 9.32% Unchanged
29 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged