Vault-13

AMERICAN WTR CAP CORP AWK 3.625 06.15.26

NOTE 3.625% 6/1 · US DOMESTIC · CUSIP 03040WBE4

88 institutional holders +6 vs Q1 2025
91,239,78991.2m shares reported held*
$2.6bnreported value*
18 new 25 added 23 reduced 12 sold out net sold ≈ $2.1m (+25.5m 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 ≈ $28.10.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 24: 66Q4 24: 80Q1 25: 82Q2 25: 8888Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q3 202466
Q4 202480
Q1 202582
Q2 202588

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 24: 32 bought or addedQ4 24: 31 cut or sold outQ4 24Q1 25: 36 bought or addedQ1 25: 35 cut or sold outQ1 25Q2 25: 43 bought or addedQ2 25: 35 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q4 20243231
Q1 20253635
Q2 20254335

Biggest buyers

LAZARD ASSET MANAGEMENT LLC Added +26,011,000+26.0m
D. E. Shaw & Co., Inc. New +22,201,000+22.2m
BNP PARIBAS FINANCIAL MARKETS New +20,421,000+20.4m
Amundi New +15,000,000+15.0m
ROYAL BANK OF CANADA Added +8,882,000+8.9m
Mirabaud Asset Management (France) SAS New +8,000,000+8.0m
MORGAN STANLEY Added +6,711,000+6.7m
Walleye Capital LLC Added +6,000,000+6.0m
Daiwa Securities Group Inc. New +5,000,000+5.0m
SUSQUEHANNA ADVISORS GROUP, INC. New +5,000,000+5.0m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -58,655,000-58.7m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -22,385,000-22.4m
Amundi Sold out -14,000,000-14.0m
Nuveen, LLC Sold out -12,500,000-12.5m
WELLS FARGO & COMPANY/MN Reduced -6,881,000-6.9m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -6,445,000-6.4m
LMR Partners LLP Reduced -5,000,000-5.0m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -4,931,000-4.9m
Universal- Beteiligungs- und Servicegesellschaft mbH Reduced -4,700,000-4.7m
JPMORGAN CHASE & CO Reduced -3,760,000-3.8m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Aequim Alternative Investments LP 2.47% of their portfolio MILL VALLEY, CA 75,000,00075.0m $75.7m $75.7m 2.47% Unchanged
2 Universal- Beteiligungs- und Servicegesellschaft mbH 0.12% of their portfolio FRANKFURT AM MAIN, 2M 69,612,00069.6m $70.1m $70.1m 0.12% Reduced -4.7m -4,700,000
3 LAZARD ASSET MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 67,477,00067.5m $68.1m $68.1m 0.09% Added +26.0m +26,011,000
4 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio Toronto, A6 63,400,00063.4m $63.9m $63.9m 0.06% Reduced -22.4m -22,385,000
5 Calamos Advisors LLC 0.24% of their portfolio NAPERVILLE, IL 56,022,00056.0m $56.3m $56.3m 0.24% Unchanged
6 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 52,418,00052.4m $52.6m $52.6m 0.03% Reduced -354.0k -354,000
7 CAMDEN ASSET MANAGEMENT L P /CA 1.22% of their portfolio Los Angeles, CA 51,780,00051.8m $52.0m $52.0m 1.22% Reduced -6.4m -6,445,000
8 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 33,345,00033.3m $33.6m $33.6m 0.03% Reduced -58.7m -58,655,000
9 LMR Partners LLP 0.47% of their portfolio LONDON, X0 30,000,00030.0m $30.1m $30.1m 0.47% Reduced -5.0m -5,000,000
10 ADVENT CAPITAL MANAGEMENT /DE/ 0.66% of their portfolio NEW YORK, NY 29,846,00029.8m $30.1m $30.1m 0.66% Reduced -4.9m -4,931,000
11 ZAZOVE ASSOCIATES LLC 2.32% of their portfolio INCLINE VILLAGE, NV 28,305,00028.3m $28.4m $28.4m 2.32% Reduced -745.0k -745,000
12 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio FRANKFURT AM MAIN, 2M 25,500,00025.5m $25.6m $25.6m 0.03% Added +1.0m +1,000,000
13 COMPASS ROSE ASSET MANAGEMENT, LP 9.29% of their portfolio New York, NY 25,000,00025.0m $25.2m $25.2m 9.29% Unchanged
14 Wellesley Asset Management 2.18% of their portfolio PORTSMOUTH, NH 22,699,00022.7m $22.9m $22.9m 2.18% Reduced -2.4m -2,395,000
15 Walleye Capital LLC 0.21% of their portfolio NEW YORK, NY 22,500,00022.5m $22.7m $22.7m 0.21% Added +6.0m +6,000,000
16 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 22,201,00022.2m $22.3m $22.3m 0.02% New
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 22,050,00022.1m $22.1m $22.1m 0.00% Added +8.9m +8,882,000
18 RWC Asset Management LLP 1.14% of their portfolio LONDON, X0 21,500,00021.5m $21.6m $21.6m 1.14% Reduced -500.0k -500,000
19 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 20,421,00020.4m $20.5m $20.5m 0.02% New
20 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 20,000,00020.0m $20.1m $20.1m 0.00% Reduced -600.0k -600,000
21 PIER 88 INVESTMENT PARTNERS LLC 3.33% of their portfolio SAN FRANCISCO, CA 17,850,00017.9m $17.9m $17.9m 3.33% Added +1.5m +1,460,000
22 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.44% of their portfolio CHICAGO, IL 16,000,00016.0m $16.1m $16.1m 0.44% Not comparable
23 ANGELO GORDON & CO., L.P. 2.01% of their portfolio NEW YORK, NY 15,000,00015.0m $15.1m $15.1m 2.01% Unchanged
24 Amundi 0.52% of their portfolio Paris, I0 15,000,00015.0m $1.5bn $1.5bn 0.52% New
25 FMR LLC 0.00% of their portfolio BOSTON, MA 14,941,00014.9m $15.0m $15.0m 0.00% Reduced -809.0k -809,000
26 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 13,989,00014.0m $14.1m $14.1m 0.00% Reduced -3.8m -3,760,000
27 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio Paris, I0 12,840,00012.8m $12.8m $12.8m 0.03% Added +2.5m +2,500,001
28 ARISTEIA CAPITAL, L.L.C. 0.33% of their portfolio GREENWICH, CT 11,500,00011.5m $11.6m $11.6m 0.33% Reduced -2.0m -2,000,000
29 INCOME RESEARCH & MANAGEMENT 2.75% of their portfolio Boston, MA 10,268,00010.3m $10.3m $10.3m 2.75% Added +268.0k +268,000
30 BlackRock, Inc. 0.00% of their portfolio New York, NY 9,800,0009.8m $9.8m $9.8m 0.00% Reduced -1.1m -1,100,000
31 TORONTO DOMINION BANK 0.02% of their portfolio TORONTO, ONTARIO, A6 9,338,0009.3m $9.3m $9.3m 0.02% Added +1.8m +1,838,000
32 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 8,945,0008.9m $9.0m $9.0m 0.02% Added +60.0k +60,000
33 ALGEBRIS (UK) LTD 1.20% of their portfolio London, X0 8,900,0008.9m $7.6m $7.6m 1.20% Unchanged
34 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 8,649,0008.6m $8.7m $8.7m 0.00% Added +75.0k +75,000
35 Mirabaud Asset Management (France) SAS 8.25% of their portfolio PARIS, I0 8,000,0008.0m $8.3m $8.3m 8.25% New
36 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 7,700,0007.7m $7.7m $7.7m 0.00% Added +2.7m +2,732,000
37 RATIONAL ADVISORS, INC. 0.70% of their portfolio San Juan, PR 7,020,0007.0m $7.0m $7.0m 0.70% Added +1.5m +1,460,000
38 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,003,0007.0m $7.0m $7.0m 0.00% Added +6.7m +6,711,000
39 OFI INVEST ASSET MANAGEMENT 0.14% of their portfolio ISSY LES MOULINEAUX, I0 6,800,0006.8m $5.8m $5.8m 0.14% Added +1.1m +1,100,000
40 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,478,0006.5m $6.5m $6.5m 0.00% Added +936.0k +936,000
41 CONNING INC. 0.19% of their portfolio HARTFORD, CT 5,650,0005.7m $5.6m $5.6m 0.19% Reduced -150.0k -150,000
42 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 5,459,0005.5m $5.5m $5.5m 0.01% Reduced -689.0k -689,000
43 SUSQUEHANNA ADVISORS GROUP, INC. 0.00% of their portfolio BALA CYNWYD, PA 5,000,0005.0m $50.2k $50.2k 0.00% New
44 Daiwa Securities Group Inc. 0.02% of their portfolio CHIYODA-KU,TOKYO, M0 5,000,0005.0m $5.0m $5.0m 0.02% New
45 Man Group plc 0.01% of their portfolio LONDON, X0 4,900,0004.9m $4.9m $4.9m 0.01% Unchanged
46 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 4,631,0004.6m $4.6m $4.6m 0.01% New
47 SHENKMAN CAPITAL MANAGEMENT INC 0.46% of their portfolio NEW YORK, NY 4,594,0004.6m $4.7m $4.7m 0.46% New
48 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 3,140,0003.1m $3.2m $3.2m 0.00% New
49 Nicholas Investment Partners, LP 0.27% of their portfolio RANCHO SANTA FE, CA 3,000,0003.0m $3.0m $3.0m 0.27% Added +500.0k +500,000
50 Erste Asset Management GmbH 0.02% of their portfolio VIENNA, C4 2,840,0002.8m $2.9m $2.9m 0.02% Added +2.8m +2,840,000
51 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,682,0002.7m $2.7m $2.7m 0.00% New
52 Warberg Asset Management LLC 0.62% of their portfolio WINNETKA, IL 2,505,0002.5m $2.5m $2.5m 0.62% Added +5.0k +5,000
53 Ameritas Investment Partners, Inc. 0.07% of their portfolio LINCOLN, NE 2,250,0002.2m $2.3m $2.3m 0.07% Unchanged
54 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 2,000,0002.0m $2.0m $2.0m 0.00% New
55 Quaero Capital S.A. 2.52% of their portfolio GENEVE, V8 2,000,0002.0m $2.0m $2.0m 2.52% Added +500.0k +500,000
56 Union Bancaire Privee, UBP SA 0.02% of their portfolio GENEVA 1, V8 1,860,0001.9m $1.6m $1.6m 0.02% Added +400.0k +400,000
57 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 1,254,0001.3m $1.3m $1.3m 0.00% Unchanged
58 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 877,000877.0k $881.6k $881.6k 0.00% Reduced -6.9m -6,881,000
59 Kohlberg Kravis Roberts & Co. L.P. 0.02% of their portfolio NEW YORK, NY 826,000826.0k $833.4k $833.4k 0.02% Unchanged
60 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 600,000600.0k $602.3k $602.3k 0.00% Added +400.0k +400,000
61 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $502.6k $502.6k 0.00% Unchanged
62 AEGON USA Investment Management, LLC 0.38% of their portfolio CEDAR RAPIDS, IA 500,000500.0k $501.9k $501.9k 0.38% Unchanged
63 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 488,000488.0k $489.9k $489.9k 0.00% Reduced -178.0k -178,000
64 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 400,000400.0k $403.6k $403.6k 0.01% New
65 SSI INVESTMENT MANAGEMENT LLC 0.02% of their portfolio Los Angeles, CA 233,000233.0k $233.9k $233.9k 0.02% Unchanged
66 Financiere des Professionnels - Fonds d'investissement inc. 0.01% of their portfolio MONTREAL, A8 160,000160.0k $161.4k $161.4k 0.01% Unchanged
67 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 149,000149.0k $149.6k $149.6k 0.00% Added +15.0k +15,000
68 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 121,000121.0k $121.5k $121.5k 0.00% Unchanged
69 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 78,00078.0k $78.3k $78.3k 0.00% Unchanged
70 NOMURA HOLDINGS INC 0.06% of their portfolio TOKYO, M0 50,37850.4k $7.0m $7.0m 0.06% Added +4.4k +4,372
71 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 41,00041.0k $41.2k $41.2k 0.00% New
72 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 30,00030.0k $30.1k $30.1k 0.00% Unchanged
73 Nordwand Advisors, LLC 0.62% of their portfolio RADNOR, PA 28,46528.5k $4.0m $4.0m 0.62% New
74 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 28,00028.0k $28.2k $28.2k 0.00% Added +11.0k +11,000
75 FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. 0.01% of their portfolio SALINE, MI 25,00025.0k $24.9k $24.9k 0.01% Reduced -6.0k -6,000
76 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 20,00020.0k $20.1k $20.1k 0.00% New
77 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 18,00018.0k $18.0k $18.0k 0.00% Unchanged
78 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 15,00015.0k $15.0k $15.0k 0.00% New
79 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 13,00013.0k $13.0k $13.0k 0.00% Unchanged
80 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 13,00013.0k $13.1k $13.1k 0.00% Reduced -6.0k -6,000
81 Squarepoint Ops LLC 0.03% of their portfolio NEW YORK, NY 12,50012.5k $12.5m $12.5m 0.03% Reduced -5.0k -5,000
82 COMERICA BANK 0.00% of their portfolio DALLAS, TX 9,0009.0k $9.0k $9.0k 0.00% New
83 Candriam S.C.A. 0.05% of their portfolio STRASSEN, N4 8,9008.9k $9.0m $9.0m 0.05% Added +4.3k +4,300
84 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 7,0007.0k $7.0k $7.0k 0.00% Unchanged
85 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 3,0003.0k $3.0k $3.0k 0.00% New
86 LAFFER TENGLER INVESTMENTS, INC. 0.45% of their portfolio Scottsdale, AZ 2,4912.5k $2.5m $2.5m 0.45% Reduced -57 -57
87 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 1,4551.5k $202.4k $202.4k 0.00% Unchanged
88 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged