Vault-13

AMERICAN WTR CAP CORP AWK 3.625 06.15.26

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

75 institutional holders +6 vs Q3 2025
71,266,97971.3m shares reported held*
$2.4bnreported value*
15 new 12 added 24 reduced 9 sold out net bought ≈ $39.7m (-10.9m 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 ≈ $34.01.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 24: 66Q4 24: 80Q1 25: 82Q2 25: 88Q3 25: 69Q4 25: 7575Q3 24Q4 24Q1 25Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q3 202466
Q4 202480
Q1 202582
Q2 202588
Q3 202569
Q4 202575

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 25Q3 25: 27 bought or addedQ3 25: 46 cut or sold outQ3 25Q4 25: 27 bought or addedQ4 25: 33 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q4 20243231
Q1 20253635
Q2 20254335
Q3 20252746
Q4 20252733

Biggest buyers

MANUFACTURERS LIFE INSURANCE COMPANY, THE New +52,700,000+52.7m
TORONTO DOMINION BANK New +20,000,000+20.0m
Aequim Alternative Investments LP Added +20,000,000+20.0m
D. E. Shaw & Co., Inc. Added +20,000,000+20.0m
Amundi New +15,000,000+15.0m
CAMDEN ASSET MANAGEMENT L P /CA Added +13,534,000+13.5m
SUSQUEHANNA ADVISORS GROUP, INC. Added +10,125,000+10.1m
SOROS FUND MANAGEMENT LLC New +10,000,000+10.0m
CITIGROUP INC New +6,388,000+6.4m
ROYAL BANK OF CANADA Added +4,309,000+4.3m

Biggest sellers

ANGELO GORDON & CO., L.P. Sold out -23,500,000-23.5m
Walleye Capital LLC Sold out -19,500,000-19.5m
JPMORGAN CHASE & CO Reduced -18,257,000-18.3m
ADVENT CAPITAL MANAGEMENT /DE/ Sold out -10,425,000-10.4m
GOLDMAN SACHS GROUP INC Sold out -10,206,000-10.2m
Universal- Beteiligungs- und Servicegesellschaft mbH Reduced -10,000,000-10.0m
TWO SIGMA INVESTMENTS, LP Sold out -10,000,000-10.0m
BNP PARIBAS FINANCIAL MARKETS Reduced -6,725,000-6.7m
BARCLAYS PLC Reduced -6,070,000-6.1m
SHENKMAN CAPITAL MANAGEMENT INC Sold out -4,594,000-4.6m

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 D. E. Shaw & Co., Inc. 0.07% of their portfolio New York, NY 94,081,00094.1m $93.8m $93.8m 0.07% Added +20.0m +20,000,000
2 CAMDEN ASSET MANAGEMENT L P /CA 2.05% of their portfolio Los Angeles, CA 81,159,00081.2m $80.8m $80.8m 2.05% Added +13.5m +13,534,000
3 Aequim Alternative Investments LP 1.58% of their portfolio MILL VALLEY, CA 80,000,00080.0m $79.8m $79.8m 1.58% Added +20.0m +20,000,000
4 Universal- Beteiligungs- und Servicegesellschaft mbH 0.09% of their portfolio FRANKFURT AM MAIN, 2M 57,419,00057.4m $57.3m $57.3m 0.09% Reduced -10.0m -10,000,000
5 Calamos Advisors LLC 0.23% of their portfolio NAPERVILLE, IL 56,022,00056.0m $55.8m $55.8m 0.23% Unchanged
6 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio Toronto, A6 52,700,00052.7m $52.6m $52.6m 0.04% New
7 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 50,946,00050.9m $50.8m $50.8m 0.01% Reduced -548.0k -548,000
8 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 49,218,00049.2m $49.0m $49.0m 0.03% Reduced -2.4m -2,392,000
9 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 35,600,00035.6m $35.5m $35.5m 0.03% Added +2.4m +2,380,000
10 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 30,934,00030.9m $308.4k $308.4k 0.00% Reduced -1.8m -1,821,000
11 LMR Partners LLP 0.29% of their portfolio LONDON, X0 30,000,00030.0m $29.9m $29.9m 0.29% Unchanged
12 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 26,000,00026.0m $25.9m $25.9m 0.02% Unchanged
13 COMPASS ROSE ASSET MANAGEMENT, LP 8.03% of their portfolio New York, NY 25,000,00025.0m $24.9m $24.9m 8.03% Unchanged
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 22,650,00022.6m $22.6m $22.6m 0.00% Added +1.7m +1,700,000
15 SUSQUEHANNA ADVISORS GROUP, INC. 0.01% of their portfolio BALA CYNWYD, PA 20,125,00020.1m $200.3k $200.3k 0.01% Added +10.1m +10,125,000
16 TORONTO DOMINION BANK 0.04% of their portfolio TORONTO, ONTARIO, A6 20,000,00020.0m $19.9m $19.9m 0.04% New
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 16,636,00016.6m $16.6m $16.6m 0.00% Added +4.3m +4,309,000
18 Amundi 0.41% of their portfolio Paris, I0 15,000,00015.0m $1.5bn $1.5bn 0.41% New
19 PIER 88 INVESTMENT PARTNERS LLC 3.33% of their portfolio SAN FRANCISCO, CA 14,980,00015.0m $14.9m $14.9m 3.33% Reduced -2.4m -2,360,000
20 BlackRock, Inc. 0.00% of their portfolio New York, NY 12,200,00012.2m $12.1m $12.1m 0.00% Added +2.7m +2,700,000
21 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 11,453,00011.5m $11.4m $11.4m 0.00% Reduced -6.1m -6,070,000
22 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 11,142,00011.1m $11.1m $11.1m 0.01% Reduced -1.7m -1,698,000
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 10,487,00010.5m $10.5m $10.5m 0.00% Reduced -18.3m -18,257,000
24 SOROS FUND MANAGEMENT LLC 0.13% of their portfolio NEW YORK, NY 10,000,00010.0m $10.0m $10.0m 0.13% New
25 INCOME RESEARCH & MANAGEMENT 5.06% of their portfolio Boston, MA 9,668,0009.7m $9.6m $9.6m 5.06% Added +410.0k +410,000
26 RWC Asset Management LLP 0.46% of their portfolio LONDON, X0 9,350,0009.3m $9.3m $9.3m 0.46% Reduced -880.0k -880,000
27 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 8,638,0008.6m $8.6m $8.6m 0.01% Reduced -6.7m -6,725,000
28 ZAZOVE ASSOCIATES LLC 0.74% of their portfolio INCLINE VILLAGE, NV 8,555,0008.6m $8.5m $8.5m 0.74% Unchanged
29 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 8,495,0008.5m $8.5m $8.5m 0.02% Reduced -215.0k -215,000
30 RATIONAL ADVISORS, INC. 0.83% of their portfolio San Juan, PR 8,110,0008.1m $8.1m $8.1m 0.83% Added +1.6m +1,600,000
31 ALGEBRIS (UK) LTD 0.63% of their portfolio London, X0 8,000,0008.0m $8.0m $8.0m 0.63% Unchanged
32 FMR LLC 0.00% of their portfolio BOSTON, MA 7,694,0007.7m $7.7m $7.7m 0.00% Reduced -3.7m -3,655,000
33 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 7,285,0007.3m $7.3m $7.3m 0.01% Reduced -2.1m -2,065,000
34 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 6,388,0006.4m $6.4m $6.4m 0.00% New
35 OFI INVEST ASSET MANAGEMENT 0.08% of their portfolio ISSY LES MOULINEAUX, I0 6,200,0006.2m $5.3m $5.3m 0.08% Reduced -600.0k -600,000
36 AQR Arbitrage LLC 0.12% of their portfolio Greenwich, CT 5,950,0006.0m $5.9m $5.9m 0.12% Reduced -1.1m -1,125,000
37 CONNING INC. 0.19% of their portfolio HARTFORD, CT 5,650,0005.7m $5.6m $5.6m 0.19% Unchanged
38 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5,316,0005.3m $5.3m $5.3m 0.00% Reduced -3.3m -3,342,000
39 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,918,0003.9m $3.9m $3.9m 0.00% New
40 OAKTREE CAPITAL MANAGEMENT LP 0.06% of their portfolio LOS ANGELES, CA 3,426,0003.4m $3.4m $3.4m 0.06% New
41 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $3.0m $3.0m 0.01% Unchanged
42 Nicholas Investment Partners, LP 0.22% of their portfolio RANCHO SANTA FE, CA 3,000,0003.0m $3.0m $3.0m 0.22% Reduced -1.0m -1,000,000
43 Man Group plc 0.01% of their portfolio LONDON, X0 2,900,0002.9m $2.9m $2.9m 0.01% Reduced -2.0m -2,000,000
44 Warberg Asset Management LLC 0.82% of their portfolio WINNETKA, IL 2,751,0002.8m $2.7m $2.7m 0.82% Added +210.0k +210,000
45 GROUPAMA ASSET MANAGMENT 0.03% of their portfolio PARIS, I0 2,200,0002.2m $2.2m $2.2m 0.03% New
46 Police & Firemen's Retirement System of New Jersey 0.02% of their portfolio TRENTON, NJ 2,140,0002.1m $2.1m $2.1m 0.02% Unchanged
47 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,305,0001.3m $1.3m $1.3m 0.00% Reduced -230.0k -230,000
48 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,063,0001.1m $1.1m $1.1m 0.00% New
49 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 826,000826.0k $823.6k $823.6k 0.01% Unchanged
50 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 700,000700.0k $696.5k $696.5k 0.00% New
51 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $498.3k $498.3k 0.00% Unchanged
52 AEGON USA Investment Management, LLC 0.35% of their portfolio CEDAR RAPIDS, IA 500,000500.0k $497.9k $497.9k 0.35% Unchanged
53 Lombard Odier Asset Management (Europe) Ltd 0.02% of their portfolio LONDON, X0 330,000330.0k $328.9k $328.9k 0.02% New
54 SSI INVESTMENT MANAGEMENT LLC 0.02% of their portfolio Los Angeles, CA 233,000233.0k $232.0k $232.0k 0.02% Unchanged
55 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 153,000153.0k $152.4k $152.4k 0.00% Reduced -7.0k -7,000
56 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 78,00078.0k $77.7k $77.7k 0.00% Unchanged
57 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 41,00041.0k $40.8k $40.8k 0.00% Unchanged
58 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 23,00023.0k $22.9k $22.9k 0.00% Unchanged
59 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 21,00021.0k $20.9k $20.9k 0.00% New
60 Squarepoint Ops LLC 0.04% of their portfolio NEW YORK, NY 18,50018.5k $18.4m $18.4m 0.04% Added +1.5k +1,500
61 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 17,00017.0k $16.9k $16.9k 0.00% New
62 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 14,00014.0k $13.9k $13.9k 0.00% New
63 Traub Capital Management LLC 0.01% of their portfolio NEEDHAM, MA 14,00014.0k $14.0k $14.0k 0.01% Unchanged
64 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 13,00013.0k $12.9k $12.9k 0.00% Reduced -14.0k -14,000
65 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 11,00011.0k $10.9k $10.9k 0.00% Unchanged
66 Candriam S.C.A. 0.04% of their portfolio STRASSEN, N4 8,6008.6k $8.6m $8.6m 0.04% Reduced -400 -400
67 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 7,0007.0k $7.0k $7.0k 0.00% Unchanged
68 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 5,4495.4k $711.1k $711.1k 0.00% Reduced -33.5k -33,508
69 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 3,0003.0k $3.0k $3.0k 0.00% Unchanged
70 LAFFER TENGLER INVESTMENTS, INC. 0.38% of their portfolio Scottsdale, AZ 2,5112.5k $2.5m $2.5m 0.38% New
71 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 1,1641.2k $151.9k $151.9k 0.00% Unchanged
72 ODDO BHF ASSET MANAGEMENT SAS 0.03% of their portfolio PARIS, I0 855855 $853.4k $853.4k 0.03% Not comparable
73 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 400400 $399.5k $399.5k 0.01% Reduced -399.6k -399,600
74 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 44 $4.0k $4.0k 0.00% Unchanged
75 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Unchanged