Vault-13

UNITED STATES STL CORP X 5 11.01.26

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

39 institutional holders -1 vs Q1 2023
18,632,43318.6m shares reported held*
$685.5mreported value*
2 new 12 added 17 reduced 3 sold out net sold ≈ $15.0m (-4.3m 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 ≈ $36.79.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 35Q4 22: 38Q1 23: 40Q2 23: 3939Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202235
Q4 202238
Q1 202340
Q2 202339

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 17 bought or addedQ4 22: 16 cut or sold outQ4 22Q1 23: 18 bought or addedQ1 23: 15 cut or sold outQ1 23Q2 23: 14 bought or addedQ2 23: 20 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221716
Q1 20231815
Q2 20231420

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 —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$3.3m—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$0—

Biggest buyers

VICTORY CAPITAL MANAGEMENT INC New +6,526,000+6.5m
BANK OF AMERICA CORP /DE/ Added +2,675,000+2.7m
Mint Tower Capital Management B.V. Added +2,000,000+2.0m
GOLDMAN SACHS GROUP INC Added +1,734,000+1.7m
LMR Partners LLP Added +1,284,000+1.3m
STATE STREET CORP Added +1,250,000+1.2m
LAZARD ASSET MANAGEMENT LLC Added +1,000,000+1.0m
Worth Venture Partners, LLC Added +863,000+863.0k
Skaana Management L.P. Added +628,000+628.0k
JPMORGAN CHASE & CO Added +105,000+105.0k

Biggest sellers

DLD Asset Management, LP Reduced -5,303,000-5.3m
BOOTHBAY FUND MANAGEMENT, LLC Reduced -3,348,000-3.3m
FMR LLC Reduced -2,830,000-2.8m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -2,500,000-2.5m
Polar Asset Management Partners Inc. Reduced -2,500,000-2.5m
Crystalline Management Inc. Sold out -2,000,000-2.0m
MIZUHO SECURITIES USA LLC Reduced -1,997,000-2.0m
Thrivent Financial for Lutherans Reduced -1,815,000-1.8m
BANK OF NOVA SCOTIA Sold out -1,284,000-1.3m
CITADEL ADVISORS LLC Reduced -750,000-750.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LAZARD ASSET MANAGEMENT LLC 0.13% of their portfolio NEW YORK, NY 55,000,00055.0m $107.8m $107.8m 0.13% Added +1.0m +1,000,000
2 D. E. Shaw & Co., Inc. 0.16% of their portfolio New York, NY 51,451,00051.5m $101.2m $101.2m 0.16% Reduced -50.0k -50,000
3 DLD Asset Management, LP 9.46% of their portfolio NEW YORK, NY 35,682,00035.7m $70.4m $70.4m 9.46% Reduced -5.3m -5,303,000
4 Polar Asset Management Partners Inc. 1.09% of their portfolio TORONTO, A6 28,000,00028.0m $55.1m $55.1m 1.09% Reduced -2.5m -2,500,000
5 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 21,449,00021.4m $41.9m $41.9m 0.01% Added +1.7m +1,734,000
6 CAPSTONE INVESTMENT ADVISORS, LLC 0.87% of their portfolio NEW YORK, NY 15,000,00015.0m $29.4m $29.4m 0.87% Unchanged
7 BOOTHBAY FUND MANAGEMENT, LLC 0.73% of their portfolio NEW YORK, NY 11,907,00011.9m $23.5m $23.5m 0.73% Reduced -3.3m -3,348,000
8 LMR Partners LLP 0.47% of their portfolio LONDON, X0 10,534,00010.5m $20.7m $20.7m 0.47% Added +1.3m +1,284,000
9 Alberta Investment Management Corp 0.19% of their portfolio EDMONTON, A0 10,000,00010.0m $19.8m $19.8m 0.19% Unchanged
10 Aequim Alternative Investments LP 0.74% of their portfolio MILL VALLEY, CA 10,000,00010.0m $19.6m $19.6m 0.74% Unchanged
11 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 9,661,0009.7m $19.1m $19.1m 0.03% Reduced -400.0k -400,000
12 Mint Tower Capital Management B.V. 2.34% of their portfolio AMSTERDAM, P7 9,095,0009.1m $17.9m $17.9m 2.34% Added +2.0m +2,000,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,989,0009.0m $17.7m $17.7m 0.00% Added +1.2m +1,250,000
14 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 8,412,0008.4m $16.4m $16.4m 0.00% Added +2.7m +2,675,000
15 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 8,075,0008.1m $15.8m $15.8m 0.04% Unchanged
16 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 7,420,0007.4m $14.5m $14.5m 0.03% Reduced -1.8m -1,815,000
17 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 6,526,0006.5m $12.8m $12.8m 0.01% New
18 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 5,269,0005.3m $10.4m $10.4m 0.01% Reduced -750.0k -750,000
19 Worth Venture Partners, LLC 4.73% of their portfolio FORT LEE, NJ 4,377,0004.4m $8.6m $8.6m 4.73% Added +863.0k +863,000
20 NOMURA HOLDINGS INC 0.01% of their portfolio TOKYO, M0 3,828,9263.8m $964.9k $964.9k 0.01% Unchanged
21 Skaana Management L.P. 2.08% of their portfolio BROOKLYN, NY 3,629,0003.6m $7.1m $7.1m 2.08% Added +628.0k +628,000
22 FMR LLC 0.00% of their portfolio BOSTON, MA 2,830,0002.8m $5.5m $5.5m 0.00% Reduced -2.8m -2,830,000
23 ADVENT CAPITAL MANAGEMENT /DE/ 0.11% of their portfolio NEW YORK, NY 2,730,0002.7m $5.3m $5.3m 0.11% Reduced -2.5m -2,500,000
24 BlackRock Inc. 0.00% of their portfolio New York, NY 1,982,0002.0m $3.9m $3.9m 0.00% Reduced -100.0k -100,000
25 MIZUHO SECURITIES USA LLC 0.10% of their portfolio NEW YORK, NY 1,537,0001.5m $3.0m $3.0m 0.10% Reduced -2.0m -1,997,000
26 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 937,000937.0k $1.8m $1.8m 0.00% Added +3.0k +3,000
27 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 836,000836.0k $1.6m $1.6m 0.00% Unchanged
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 594,000594.0k $1.1m $1.1m 0.00% Added +105.0k +105,000
29 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 500,000500.0k $779.7k $779.7k 0.00% Reduced -340.0k -340,000
30 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 400,000400.0k $781.8k $781.8k 0.01% Unchanged
31 PALISADE CAPITAL MANAGEMENT, LP 0.02% of their portfolio FORT LEE, NJ 391,000391.0k $769.2k $769.2k 0.02% Reduced -44.0k -44,000
32 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 294,000294.0k $574.6k $574.6k 0.00% Added +44.0k +44,000
33 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 100,000100.0k $196.8k $196.8k 0.00% Added +60.0k +60,000
34 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 73,00073.0k $142.7k $142.7k 0.00% Reduced -557.0k -557,000
35 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 40,00040.0k $80.0k $80.0k 0.00% New
36 Boussard & Gavaudan Investment Management LLP 2.52% of their portfolio London, X0 13,43813.4k $26.3m $26.3m 2.52% Reduced -1.6k -1,562
37 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 5,0005.0k $985.0k $985.0k 0.01% Reduced -34.5k -34,490
38 NATIXIS 0.02% of their portfolio PARIS, I0 995995 $1.9m $1.9m 0.02% Reduced -18 -18
39 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged