Vault-13

UNITED STATES STL CORP X 5 11.01.26

NOTE 5.000%11/0 · US DOMESTIC · CUSIP 912909AT5

38 institutional holders +3 vs Q3 2022
45,123,00045.1m shares reported held*
$734.9mreported value*
9 new 8 added 10 reduced 6 sold out net bought ≈ $2.8m (+34.8m 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 ($6.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $16.44.

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 35Q4 22: 3838Q3 22Q4 22
Numbers
QuarterHolders
Q3 202235
Q4 202238

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3m$4mQ3 22 calls: $0Q3 22 puts: $3.3mQ3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$3.3m—
Q4 2022$0$0—

Biggest buyers

Aequim Alternative Investments LP New +22,500,000+22.5m
TWO SIGMA INVESTMENTS, LP New +20,000,000+20.0m
CITADEL ADVISORS LLC New +9,119,000+9.1m
Mint Tower Capital Management B.V. New +7,095,000+7.1m
Thrivent Financial for Lutherans Added +6,850,000+6.8m
MIZUHO SECURITIES USA LLC New +4,250,000+4.2m
BOOTHBAY FUND MANAGEMENT, LLC Added +3,556,000+3.6m
JANE STREET GROUP, LLC Added +2,610,000+2.6m
PALISADE CAPITAL MANAGEMENT, LP New +835,000+835.0k
BlackRock Inc. Added +350,000+350.0k

Biggest sellers

Aequim Alternative Investments LP Sold out -25,000,000-25.0m
Tetragon Partners GP Ltd Sold out -20,000,000-20.0m
GOLDMAN SACHS GROUP INC Reduced -5,500,000-5.5m
WELLS FARGO & COMPANY/MN Sold out -4,905,000-4.9m
Linden Advisors LP Reduced -4,449,000-4.4m
Lombard Odier Asset Management (USA) Corp Sold out -4,000,000-4.0m
LAZARD ASSET MANAGEMENT LLC Reduced -2,750,000-2.8m
Skaana Management L.P. Reduced -2,500,000-2.5m
BANK OF NOVA SCOTIA Reduced -2,271,143-2.3m
BANK OF AMERICA CORP /DE/ Reduced -2,000,000-2.0m

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LAZARD ASSET MANAGEMENT LLC 0.15% of their portfolio NEW YORK, NY 55,000,00055.0m $110.3m $110.3m 0.15% Reduced -2.8m -2,750,000
2 D. E. Shaw & Co., Inc. 0.17% of their portfolio New York, NY 51,701,00051.7m $103.4m $103.4m 0.17% Unchanged
3 DLD Asset Management, LP 8.21% of their portfolio NEW YORK, NY 39,735,00039.7m $79.6m $79.6m 8.21% Reduced -1.3m -1,300,000
4 Polar Asset Management Partners Inc. 0.87% of their portfolio TORONTO, A6 30,500,00030.5m $61.0m $61.0m 0.87% Unchanged
5 Aequim Alternative Investments LP 1.23% of their portfolio MILL VALLEY, CA 22,500,00022.5m $45.1m $45.1m 1.23% New
6 TWO SIGMA INVESTMENTS, LP 0.13% of their portfolio NEW YORK, NY 20,000,00020.0m $40.0m $40.0m 0.13% New
7 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 18,465,00018.5m $36.9m $36.9m 0.01% Reduced -5.5m -5,500,000
8 CAPSTONE INVESTMENT ADVISORS, LLC 0.79% of their portfolio NEW YORK, NY 15,000,00015.0m $30.1m $30.1m 0.79% Unchanged
9 BOOTHBAY FUND MANAGEMENT, LLC 0.89% of their portfolio NEW YORK, NY 14,554,00014.6m $29.1m $29.1m 0.89% Added +3.6m +3,556,000
10 Thrivent Financial for Lutherans 0.06% of their portfolio Minneapolis, MN 11,650,00011.7m $23.3m $23.3m 0.06% Added +6.8m +6,850,000
11 Alberta Investment Management Corp 0.18% of their portfolio EDMONTON, A0 10,000,00010.0m $20.1m $20.1m 0.18% Unchanged
12 LMR Partners LLP 0.36% of their portfolio LONDON, X0 9,250,0009.2m $18.6m $18.6m 0.36% Unchanged
13 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 9,119,0009.1m $18.2m $18.2m 0.02% New
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,361,0008.4m $16.7m $16.7m 0.00% Added +250.0k +250,000
15 Mint Tower Capital Management B.V. 1.60% of their portfolio AMSTERDAM, P7 7,095,0007.1m $14.2m $14.2m 1.60% New
16 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 6,723,0006.7m $13.4m $13.4m 0.03% Added +2.6m +2,610,000
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5,737,0005.7m $11.5m $11.5m 0.00% Reduced -2.0m -2,000,000
18 Skaana Management L.P. 4.00% of their portfolio BROOKLYN, NY 5,401,0005.4m $10.8m $10.8m 4.00% Reduced -2.5m -2,500,000
19 ADVENT CAPITAL MANAGEMENT /DE/ 0.19% of their portfolio NEW YORK, NY 5,230,0005.2m $10.5m $10.5m 0.19% Reduced -620.0k -620,000
20 MIZUHO SECURITIES USA LLC 0.79% of their portfolio NEW YORK, NY 4,250,0004.2m $8.4m $8.4m 0.79% New
21 FMR LLC 0.00% of their portfolio BOSTON, MA 3,530,0003.5m $7.1m $7.1m 0.00% Unchanged
22 Worth Venture Partners, LLC 4.07% of their portfolio FORT LEE, NJ 3,422,0003.4m $6.8m $6.8m 4.07% Added +156.0k +156,000
23 BlackRock Inc. 0.00% of their portfolio New York, NY 3,380,0003.4m $6.8m $6.8m 0.00% Added +350.0k +350,000
24 NOMURA HOLDINGS INC 0.01% of their portfolio TOKYO, M0 2,482,9402.5m $620.0k $620.0k 0.01% Added +133.9k +133,858
25 Crystalline Management Inc. 2.02% of their portfolio Montreal, Quebec, Z4 2,000,0002.0m $4.0m $4.0m 2.02% First filing
26 Linden Advisors LP 0.04% of their portfolio New York, NY 1,670,0001.7m $3.3m $3.3m 0.04% Reduced -4.4m -4,449,000
27 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 946,000946.0k $1.9m $1.9m 0.00% Reduced -1.0m -1,045,000
28 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 840,000840.0k $1.3m $1.3m 0.00% Added +40.0k +40,000
29 PALISADE CAPITAL MANAGEMENT, LP 0.04% of their portfolio FORT LEE, NJ 835,000835.0k $1.7m $1.7m 0.04% New
30 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 558,000558.0k $1.1m $1.1m 0.00% Unchanged
31 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 418,000418.0k $835.0k $835.0k 0.00% Reduced -150.0k -150,000
32 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 250,000250.0k $500.0k $500.0k 0.00% New
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 242,000242.0k $484.0k $484.0k 0.00% New
34 MacKay Shields LLC 0.00% of their portfolio New York, NY 54,00054.0k $108.3k $108.3k 0.00% Unchanged
35 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 54,00054.0k $106.8k $106.8k 0.00% Unchanged
36 BANK OF NOVA SCOTIA 0.01% of their portfolio TORONTO, A6 12,85712.9k $2.6m $2.6m 0.01% Reduced -2.3m -2,271,143
37 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 6,4906.5k $1.3m $1.3m 0.02% New
38 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged