Vault-13

VISHAY INTERTECHNOLOGY INC VSH 2.25 09.15.30

NOTE 2.250% 9/1 · US DOMESTIC · CUSIP 928298AR9

55 institutional holders -3 vs Q1 2025
25,191,00025.2m shares reported held*
$712.3mreported value*
8 new 21 added 9 reduced 10 sold out net sold ≈ $13.0m (+1.0m 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 ≈ $28.27.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 24: 56Q4 24: 59Q1 25: 58Q2 25: 5555Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q3 202456
Q4 202459
Q1 202558
Q2 202555

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 24: 26 bought or addedQ4 24: 20 cut or sold outQ4 24Q1 25: 25 bought or addedQ1 25: 24 cut or sold outQ1 25Q2 25: 29 bought or addedQ2 25: 19 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q4 20242620
Q1 20252524
Q2 20252919

Biggest buyers

Linden Advisors LP Added +36,030,000+36.0m
D. E. Shaw & Co., Inc. Added +32,000,000+32.0m
LAZARD ASSET MANAGEMENT LLC Added +17,487,000+17.5m
BNP PARIBAS FINANCIAL MARKETS Added +8,726,000+8.7m
CONNING INC. Added +4,000,000+4.0m
SSI INVESTMENT MANAGEMENT LLC New +4,000,000+4.0m
ADVENT CAPITAL MANAGEMENT /DE/ Added +3,966,000+4.0m
CAMDEN ASSET MANAGEMENT L P /CA Added +3,550,000+3.5m
Thrivent Financial for Lutherans Added +2,701,000+2.7m
Aequim Alternative Investments LP New +2,500,000+2.5m

Biggest sellers

MILLENNIUM MANAGEMENT LLC Reduced -50,500,000-50.5m
WOLVERINE ASSET MANAGEMENT LLC Sold out -43,387,000-43.4m
Jump Financial, LLC Sold out -15,000,000-15.0m
MORGAN STANLEY Sold out -6,222,000-6.2m
TORONTO DOMINION BANK Sold out -6,200,000-6.2m
SILVERBACK ASSET MANAGEMENT LLC Reduced -4,500,000-4.5m
BARCLAYS PLC Reduced -4,144,000-4.1m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -3,500,000-3.5m
Invesco Ltd. Sold out -3,000,000-3.0m
CITIGROUP INC Sold out -2,196,000-2.2m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.06% of their portfolio New York, NY 192,690,000192.7m $173.3m $173.3m 1.06% Added +36.0m +36,030,000
2 D. E. Shaw & Co., Inc. 0.05% of their portfolio New York, NY 55,059,00055.1m $49.6m $49.6m 0.05% Added +32.0m +32,000,000
3 Wellesley Asset Management 4.11% of their portfolio PORTSMOUTH, NH 47,710,00047.7m $43.1m $43.1m 4.11% Reduced -1.3m -1,313,000
4 LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 46,983,00047.0m $42.3m $42.3m 0.06% Added +17.5m +17,487,000
5 Empyrean Capital Partners, LP 1.74% of their portfolio LOS ANGELES, CA 42,000,00042.0m $37.6m $37.6m 1.74% Added +2.0m +2,000,000
6 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 41,401,00041.4m $37.2m $37.2m 0.02% Added +2.5m +2,456,000
7 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 40,732,00040.7m $36.7m $36.7m 0.03% Added +8.7m +8,726,000
8 ADVENT CAPITAL MANAGEMENT /DE/ 0.70% of their portfolio NEW YORK, NY 35,186,00035.2m $31.7m $31.7m 0.70% Added +4.0m +3,966,000
9 SILVERBACK ASSET MANAGEMENT LLC 3.50% of their portfolio DURHAM, NC 25,307,00025.3m $22.8m $22.8m 3.50% Reduced -4.5m -4,500,000
10 CAMDEN ASSET MANAGEMENT L P /CA 0.51% of their portfolio Los Angeles, CA 24,505,00024.5m $21.9m $21.9m 0.51% Added +3.5m +3,550,000
11 AQR Arbitrage LLC 0.48% of their portfolio Greenwich, CT 22,609,00022.6m $20.3m $20.3m 0.48% Unchanged
12 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 20,000,00020.0m $18.0m $18.0m 0.02% Unchanged
13 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 16,689,00016.7m $15.0m $15.0m 0.03% Added +2.7m +2,701,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 15,100,00015.1m $13.6m $13.6m 0.00% Added +600.0k +600,000
15 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 13,500,00013.5m $12.1m $12.1m 0.00% Added +1.5m +1,496,000
16 ABSOLUTE INVESTMENT ADVISERS, LLC 1.22% of their portfolio ROSEMARY BEACH, FL 11,000,00011.0m $9.9m $9.9m 1.22% Unchanged
17 FMR LLC 0.00% of their portfolio BOSTON, MA 10,310,00010.3m $9.2m $9.2m 0.00% Unchanged
18 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 10,000,00010.0m $9.0m $9.0m 0.04% Unchanged
19 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 8,450,0008.4m $7.6m $7.6m 0.01% Added +2.2m +2,250,000
20 BlackRock, Inc. 0.00% of their portfolio New York, NY 7,800,0007.8m $7.0m $7.0m 0.00% Unchanged
21 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 6,745,0006.7m $6.0m $6.0m 0.01% Added +1.1m +1,109,000
22 SHENKMAN CAPITAL MANAGEMENT INC 0.63% of their portfolio NEW YORK, NY 6,662,0006.7m $6.3m $6.3m 0.63% Reduced -3.5m -3,500,000
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,094,0006.1m $5.5m $5.5m 0.00% Added +725.0k +725,000
24 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 5,170,0005.2m $4.7m $4.7m 0.00% Reduced -4.1m -4,144,000
25 CONNING INC. 0.15% of their portfolio HARTFORD, CT 4,750,0004.8m $4.2m $4.2m 0.15% Added +4.0m +4,000,000
26 SSI INVESTMENT MANAGEMENT LLC 0.25% of their portfolio Los Angeles, CA 4,000,0004.0m $3.6m $3.6m 0.25% New
27 OFI INVEST ASSET MANAGEMENT 0.07% of their portfolio ISSY LES MOULINEAUX, I0 3,800,0003.8m $2.9m $2.9m 0.07% Unchanged
28 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 3,500,0003.5m $3.1m $3.1m 0.01% Unchanged
29 Man Group plc 0.01% of their portfolio LONDON, X0 3,370,0003.4m $3.0m $3.0m 0.01% Added +920.0k +920,000
30 RWC Asset Management LLP 0.16% of their portfolio LONDON, X0 3,300,0003.3m $3.0m $3.0m 0.16% Added +300.0k +300,000
31 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,205,0003.2m $2.9m $2.9m 0.00% Reduced -166.0k -166,000
32 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,733,0002.7m $2.5m $2.5m 0.00% Added +550.0k +550,000
33 Aequim Alternative Investments LP 0.07% of their portfolio MILL VALLEY, CA 2,500,0002.5m $2.2m $2.2m 0.07% New
34 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 2,360,0002.4m $2.1m $2.1m 0.00% Unchanged
35 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 2,000,0002.0m $1.8m $1.8m 0.00% Reduced -50.5m -50,500,000
36 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 1,700,0001.7m $1.5m $1.5m 0.00% Reduced -100.0k -100,000
37 WESTWOOD HOLDINGS GROUP INC 0.01% of their portfolio DALLAS, TX 1,500,0001.5m $1.5m $1.5m 0.01% Unchanged
38 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,300,0001.3m $1.2m $1.2m 0.00% Added +250.0k +250,000
39 Cutler Capital Management, LLC 0.27% of their portfolio WORCESTER, MA 855,000855.0k $765.2k $765.2k 0.27% Reduced -10.0k -10,000
40 Amundi 0.00% of their portfolio Paris, I0 600,000600.0k $548.4k $548.4k 0.00% Unchanged
41 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 550,000550.0k $496.9k $496.9k 0.00% Unchanged
42 STANSBERRY ASSET MANAGEMENT, LLC 0.04% of their portfolio Westlake, TX 427,000427.0k $382.2k $382.2k 0.04% New
43 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 347,000347.0k $310.6k $310.6k 0.00% Reduced -1.1m -1,063,000
44 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 76,00076.0k $68.0k $68.0k 0.00% Unchanged
45 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 70,00070.0k $62.6k $62.6k 0.00% Unchanged
46 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 55,00055.0k $49.2k $49.2k 0.00% New
47 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 39,00039.0k $35.2k $35.2k 0.00% Added +9.0k +9,000
48 Context Capital Management, LLC 0.97% of their portfolio LAJOLLA, CA 32,04432.0k $28.8m $28.8m 0.97% New
49 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 23,00023.0k $20.6k $20.6k 0.00% Added +6.0k +6,000
50 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 17,00017.0k $15.6k $15.6k 0.00% New
51 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 15,00015.0k $13.4k $13.4k 0.00% New
52 COMERICA BANK 0.00% of their portfolio DALLAS, TX 11,00011.0k $9.8k $9.8k 0.00% Unchanged
53 NATIXIS 0.02% of their portfolio PARIS, I0 5,0005.0k $4.5m $4.5m 0.02% Unchanged
54 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 3,0003.0k $2.7k $2.7k 0.00% New
55 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged