Vault-13

VAREX IMAGING CORP VREX 4 06.01.25

NOTE 4.000% 6/0 · US DOMESTIC · CUSIP 92214XAB2

18 institutional holders -1 vs Q1 2024
8,300,0008.3m shares reported held*
$215.8mreported value*
0 new 4 added 4 reduced 1 sold out net bought ≈ $281.6k (+100.0k 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 ($7.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $26.92.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 20Q4 22: 19Q1 23: 22Q2 23: 20Q3 23: 21Q4 23: 22Q1 24: 19Q2 24: 1818Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202220
Q4 202219
Q1 202322
Q2 202320
Q3 202321
Q4 202322
Q1 202419
Q2 202418

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q4 22: 8 bought or addedQ4 22: 7 cut or sold outQ4 22Q1 23: 9 bought or addedQ1 23: 9 cut or sold outQ2 23: 8 bought or addedQ2 23: 10 cut or sold outQ2 23Q3 23: 10 bought or addedQ3 23: 9 cut or sold outQ4 23: 10 bought or addedQ4 23: 9 cut or sold outQ4 23Q1 24: 9 bought or addedQ1 24: 8 cut or sold outQ2 24: 4 bought or addedQ2 24: 5 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 202287
Q1 202399
Q2 2023810
Q3 2023109
Q4 2023109
Q1 202498
Q2 202445

Biggest buyers

DeepCurrents Investment Group LLC Added +5,000,000+5.0m
LAZARD ASSET MANAGEMENT LLC Added +1,864,000+1.9m
Verition Fund Management LLC Added +1,340,000+1.3m
Thrivent Financial for Lutherans Added +100,000+100.0k

Biggest sellers

TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -5,000,000-5.0m
ZAZOVE ASSOCIATES LLC Reduced -1,150,000-1.1m
Man Group plc Reduced -806,000-806.0k
BANK OF AMERICA CORP /DE/ Sold out -800,000-800.0k
BOOTHBAY FUND MANAGEMENT, LLC Reduced -269,000-269.0k

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.35% of their portfolio New York, NY 41,132,00041.1m $41.5m $41.5m 0.35% Unchanged
2 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 29,609,00029.6m $29.9m $29.9m 0.04% Added +1.9m +1,864,000
3 DLD Asset Management, LP 6.20% of their portfolio NEW YORK, NY 25,750,00025.8m $26.5m $26.5m 6.20% Unchanged
4 DeepCurrents Investment Group LLC 1.00% of their portfolio NEW YORK, NY 24,750,00024.8m $24.8m $24.8m 1.00% Added +5.0m +5,000,000
5 ZAZOVE ASSOCIATES LLC 1.40% of their portfolio INCLINE VILLAGE, NV 24,020,00024.0m $24.1m $24.1m 1.40% Reduced -1.1m -1,150,000
6 CAPSTONE INVESTMENT ADVISORS, LLC 0.44% of their portfolio NEW YORK, NY 20,000,00020.0m $20.2m $20.2m 0.44% Unchanged
7 TENOR CAPITAL MANAGEMENT Co., L.P. 0.16% of their portfolio NEW YORK, NY 10,000,00010.0m $10.2m $10.2m 0.16% Reduced -5.0m -5,000,000
8 Man Group plc 0.03% of their portfolio LONDON, X0 9,944,0009.9m $10.1m $10.1m 0.03% Reduced -806.0k -806,000
9 Black Creek Investment Management Inc. 0.36% of their portfolio TORONTO, A6 9,775,0009.8m $9.8m $9.8m 0.36% Unchanged
10 Verition Fund Management LLC 0.06% of their portfolio GREENWICH, CT 7,563,0007.6m $7.6m $7.6m 0.06% Added +1.3m +1,340,000
11 BOOTHBAY FUND MANAGEMENT, LLC 0.17% of their portfolio NEW YORK, NY 5,382,0005.4m $5.5m $5.5m 0.17% Reduced -269.0k -269,000
12 ABSOLUTE INVESTMENT ADVISERS, LLC 0.75% of their portfolio ROSEMARY BEACH, FL 5,000,0005.0m $5.0m $5.0m 0.75% Unchanged
13 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 3,300,0003.3m $3.3m $3.3m 0.01% Added +100.0k +100,000
14 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 3,098,0003.1m $3.1m $3.1m 0.01% Unchanged
15 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 928,000928.0k $929.5k $929.5k 0.00% Unchanged
16 PALISADE CAPITAL MANAGEMENT, LP 0.02% of their portfolio FORT LEE, NJ 748,000748.0k $760.2k $760.2k 0.02% Unchanged
17 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 145,000145.0k $145.2k $145.2k 0.00% Unchanged
18 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged