Vault-13

VERINT SYSTEMS INC VRNT 0.25 04.15.26

NOTE 0.250% 4/1 · US DOMESTIC · CUSIP 92343XAC4

29 institutional holders -7 vs Q1 2024
26,095,00026.1m shares reported held*
$281.3mreported value*
3 new 10 added 4 reduced 9 sold out net sold ≈ $6.8m (-21.7m 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 ($8.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.11.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 41Q4 22: 43Q1 23: 40Q2 23: 40Q3 23: 36Q4 23: 34Q1 24: 36Q2 24: 2929Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202241
Q4 202243
Q1 202340
Q2 202340
Q3 202336
Q4 202334
Q1 202436
Q2 202429

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 22 bought or addedQ4 22: 10 cut or sold outQ4 22Q1 23: 18 bought or addedQ1 23: 19 cut or sold outQ2 23: 9 bought or addedQ2 23: 14 cut or sold outQ2 23Q3 23: 13 bought or addedQ3 23: 17 cut or sold outQ4 23: 14 bought or addedQ4 23: 14 cut or sold outQ4 23Q1 24: 15 bought or addedQ1 24: 10 cut or sold outQ2 24: 13 bought or addedQ2 24: 13 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222210
Q1 20231819
Q2 2023914
Q3 20231317
Q4 20231414
Q1 20241510
Q2 20241313

Biggest buyers

Hudson Bay Capital Management LP New +48,913,000+48.9m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +16,754,000+16.8m
LAZARD ASSET MANAGEMENT LLC New +10,787,000+10.8m
Linden Advisors LP Added +5,800,000+5.8m
DeepCurrents Investment Group LLC Added +2,500,000+2.5m
ROYAL BANK OF CANADA Added +1,456,000+1.5m
BARCLAYS PLC Added +1,290,000+1.3m
Thrivent Financial for Lutherans Added +770,000+770.0k
Verition Fund Management LLC Added +503,000+503.0k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +250,000+250.0k

Biggest sellers

ADVENT CAPITAL MANAGEMENT /DE/ Sold out -18,000,000-18.0m
Opti Capital Management, LP Sold out -16,969,000-17.0m
Aequim Alternative Investments LP Sold out -15,000,000-15.0m
Amundi Sold out -14,649,000-14.6m
Balyasny Asset Management L.P. Sold out -11,000,000-11.0m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -10,820,000-10.8m
NEW YORK STATE COMMON RETIREMENT FUND Sold out -3,495,000-3.5m
TORONTO DOMINION BANK Reduced -1,800,000-1.8m
JPMORGAN CHASE & CO Sold out -1,620,000-1.6m
CAMDEN ASSET MANAGEMENT L P /CA Sold out -1,575,000-1.6m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.10% of their portfolio NEW YORK, NY 75,629,00075.6m $69.9m $69.9m 1.10% Added +16.8m +16,754,000
2 Linden Advisors LP 0.53% of their portfolio New York, NY 68,291,00068.3m $63.2m $63.2m 0.53% Added +5.8m +5,800,000
3 Hudson Bay Capital Management LP 0.34% of their portfolio STAMFORD, CT 48,913,00048.9m $45.3m $45.3m 0.34% New
4 DeepCurrents Investment Group LLC 1.11% of their portfolio NEW YORK, NY 29,905,00029.9m $27.6m $27.6m 1.11% Added +2.5m +2,500,000
5 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 11,825,00011.8m $10.9m $10.9m 0.02% Added +770.0k +770,000
6 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 10,787,00010.8m $10.0m $10.0m 0.01% New
7 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 10,000,00010.0m $9.2m $9.2m 0.04% Unchanged
8 Verition Fund Management LLC 0.07% of their portfolio GREENWICH, CT 9,138,0009.1m $8.5m $8.5m 0.07% Added +503.0k +503,000
9 ABSOLUTE INVESTMENT ADVISERS, LLC 1.17% of their portfolio ROSEMARY BEACH, FL 8,495,0008.5m $7.9m $7.9m 1.17% Unchanged
10 PALISADE CAPITAL MANAGEMENT, LP 0.16% of their portfolio FORT LEE, NJ 6,455,0006.5m $6.0m $6.0m 0.16% Added +230.0k +230,000
11 Sonora Investment Management Group, LLC 0.36% of their portfolio TUCSON, AZ 4,810,0004.8m $4.6m $4.6m 0.36% Unchanged
12 SSI INVESTMENT MANAGEMENT LLC 0.29% of their portfolio Los Angeles, CA 4,135,0004.1m $3.8m $3.8m 0.29% Unchanged
13 CONNING INC. 0.12% of their portfolio HARTFORD, CT 3,750,0003.8m $3.5m $3.5m 0.12% Unchanged
14 SHENKMAN CAPITAL MANAGEMENT INC 0.30% of their portfolio NEW YORK, NY 3,495,0003.5m $3.4m $3.4m 0.30% Reduced -10.8m -10,820,000
15 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 3,370,0003.4m $3.1m $3.1m 0.00% Reduced -1.5m -1,480,000
16 WATER ISLAND CAPITAL LLC 0.29% of their portfolio NEW YORK, NY 3,000,0003.0m $2.8m $2.8m 0.29% Unchanged
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,903,0002.9m $2.7m $2.7m 0.00% Added +1.5m +1,456,000
18 BlackRock Inc. 0.00% of their portfolio New York, NY 2,235,0002.2m $2.1m $2.1m 0.00% Unchanged
19 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,462,0001.5m $1.3m $1.3m 0.00% Added +1.3m +1,290,000
20 PROSPECTOR PARTNERS LLC 0.12% of their portfolio GUILFORD, CT 1,100,0001.1m $1.0m $1.0m 0.12% Unchanged
21 Senvest Management, LLC 0.04% of their portfolio New York, NY 1,000,0001.0m $922.4k $922.4k 0.04% Unchanged
22 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 965,000965.0k $890.1k $890.1k 0.00% Reduced -1.8m -1,800,000
23 Penn Mutual Asset Management 0.98% of their portfolio Conshohocken, PA 500,000500.0k $461.3k $461.3k 0.98% Unchanged
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 325,000325.0k $299.6k $299.6k 0.00% Added +75.0k +75,000
25 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 250,000250.0k $230.5k $230.5k 0.00% New
26 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 148,000148.0k $136.5k $136.5k 0.00% Reduced -100.0k -100,000
27 LAKE STREET ADVISORS GROUP, LLC 0.01% of their portfolio PORTSMOUTH, NH 118,000118.0k $108.8k $108.8k 0.01% Unchanged
28 Virtus Investment Advisers, LLC 0.06% of their portfolio HARTFORD, CT 73,00073.0k $67.3k $67.3k 0.06% Added +23.0k +23,000
29 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged