Vault-13

2U INC TWOU 2.25 05.01.25

NOTE 2.250% 5/0 · US DOMESTIC · CUSIP 90214JAB7

14 institutional holders -2 vs Q1 2024
2,750,0002.8m shares reported held*
$200.1mreported value*
0 new 3 added 4 reduced 2 sold out net bought ≈ $27.9m (-1.1m 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 ≈ $72.76.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 32Q4 22: 31Q1 23: 34Q2 23: 32Q3 23: 29Q4 23: 21Q1 24: 16Q2 24: 1414Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202232
Q4 202231
Q1 202334
Q2 202332
Q3 202329
Q4 202321
Q1 202416
Q2 202414

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 11 bought or addedQ4 22: 14 cut or sold outQ4 22Q1 23: 15 bought or addedQ1 23: 17 cut or sold outQ2 23: 9 bought or addedQ2 23: 13 cut or sold outQ2 23Q3 23: 10 bought or addedQ3 23: 10 cut or sold outQ4 23: 3 bought or addedQ4 23: 19 cut or sold outQ4 23Q1 24: 5 bought or addedQ1 24: 13 cut or sold outQ2 24: 3 bought or addedQ2 24: 6 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221114
Q1 20231517
Q2 2023913
Q3 20231010
Q4 2023319
Q1 2024513
Q2 202436

Biggest buyers

Greenvale Capital LLP Added +57,500,000+57.5m
Mudrick Capital Management, L.P. Added +11,788,000+11.8m
BlackRock Inc. Added +900,000+900.0k

Biggest sellers

DeepCurrents Investment Group LLC Sold out -9,688,000-9.7m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -3,100,000-3.1m
Verition Fund Management LLC Sold out -3,055,000-3.1m
Walleye Capital LLC Reduced -2,000,000-2.0m
JANE STREET GROUP, LLC Reduced -1,100,000-1.1m
WELLS FARGO & COMPANY/MN Reduced -75,000-75.0k

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Mudrick Capital Management, L.P. 36.14% of their portfolio NEW YORK, NY 163,703,000163.7m $89.2m $89.2m 36.14% Added +11.8m +11,788,000
2 Greenvale Capital LLP 2.16% of their portfolio LONDON, X0 115,000,000115.0m $62.4m $62.4m 2.16% Added +57.5m +57,500,000
3 Blantyre Capital Ltd 15.92% of their portfolio LONDON, X0 40,411,00040.4m $22.2m $22.2m 15.92% Unchanged
4 Walleye Capital LLC 0.06% of their portfolio NEW YORK, NY 10,285,00010.3m $5.7m $5.7m 0.06% Reduced -2.0m -2,000,000
5 LMR Partners LLP 0.12% of their portfolio LONDON, X0 9,900,0009.9m $5.4m $5.4m 0.12% Unchanged
6 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 9,000,0009.0m $4.9m $4.9m 0.00% Unchanged
7 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,416,0007.4m $4.0m $4.0m 0.00% Unchanged
8 BlackRock Inc. 0.00% of their portfolio New York, NY 4,039,0004.0m $2.2m $2.2m 0.00% Added +900.0k +900,000
9 CAPSTONE INVESTMENT ADVISORS, LLC 0.05% of their portfolio NEW YORK, NY 4,000,0004.0m $2.2m $2.2m 0.05% Reduced -3.1m -3,100,000
10 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 2,750,0002.8m $1.5m $1.5m 0.00% Reduced -1.1m -1,100,000
11 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 403,000403.0k $232.5k $232.5k 0.00% Reduced -75.0k -75,000
12 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 236,000236.0k $127.4k $127.4k 0.00% Unchanged
13 Abacus Planning Group, Inc. 0.01% of their portfolio COLUMBIA, SC 95,00095.0k $51.6k $51.6k 0.01% Unchanged
14 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged