Vault-13

ARBOR REALTY TRUST INC ABR 7.5 08.01.25

NOTE 7.500% 8/0 · US DOMESTIC · CUSIP 038923BA5

32 institutional holders +3 vs Q3 2024
4,899,0884.9m shares reported held*
$186.8mreported value*
6 new 5 added 6 reduced 3 sold out net bought ≈ $6.9m (-2.4m 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 ($25.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $38.13.

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

02040Q4 23: 26Q1 24: 32Q2 24: 29Q3 24: 29Q4 24: 3232Q4 23Q1 24Q2 24Q3 24Q4 24
Numbers
QuarterHolders
Q4 202326
Q1 202432
Q2 202429
Q3 202429
Q4 202432

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 24: 14 bought or addedQ1 24: 15 cut or sold outQ1 24Q2 24: 12 bought or addedQ2 24: 16 cut or sold outQ2 24Q3 24: 13 bought or addedQ3 24: 13 cut or sold outQ3 24Q4 24: 11 bought or addedQ4 24: 9 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20241415
Q2 20241216
Q3 20241313
Q4 2024119

Biggest buyers

MILLENNIUM MANAGEMENT LLC New +5,250,000+5.2m
TWO SIGMA INVESTMENTS, LP New +4,000,000+4.0m
JPMORGAN CHASE & CO New +2,250,000+2.2m
Graham Capital Management, L.P. Added +2,000,000+2.0m
Skaana Management L.P. Added +1,196,000+1.2m
BlackRock, Inc. Added +851,000+851.0k
NOMURA HOLDINGS INC New +703,556+703.6k
STIFEL FINANCIAL CORP New +49,750+49.8k
Centiva Capital, LP New +3,000+3.0k
&PARTNERS Added +1,000+1.0k

Biggest sellers

Shaolin Capital Management LLC Sold out -2,500,000-2.5m
MIZUHO SECURITIES USA LLC Sold out -2,274,286-2.3m
OAKTREE CAPITAL MANAGEMENT LP Reduced -1,306,000-1.3m
CSS LLC/IL Reduced -1,000,000-1.0m
Russell Investments Group, Ltd. Reduced -944,000-944.0k
JANE STREET GROUP, LLC Sold out -851,000-851.0k
Amtrust Financial Services, Inc. Reduced -481,000-481.0k
LANARK FINANCIAL, INC. Reduced -15,984-16.0k
Context Capital Management, LLC Reduced -2,000-2.0k

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CAMDEN ASSET MANAGEMENT L P /CA 1.40% of their portfolio Los Angeles, CA 53,445,00053.4m $53.2m $53.2m 1.40% Unchanged
2 Graham Capital Management, L.P. 0.89% of their portfolio ROWAYTON, CT 28,675,00028.7m $28.7m $28.7m 0.89% Added +2.0m +2,000,000
3 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 18,000,00018.0m $18.1m $18.1m 0.02% Unchanged
4 Parallax Volatility Advisers, L.P. 0.26% of their portfolio San Francisco, CA 12,000,00012.0m $11.9m $11.9m 0.26% Unchanged
5 CSS LLC/IL 0.42% of their portfolio CHICAGO, IL 7,000,0007.0m $7.0m $7.0m 0.42% Reduced -1.0m -1,000,000
6 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 5,250,0005.2m $5.2m $5.2m 0.00% New
7 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 4,000,0004.0m $4.0m $4.0m 0.01% New
8 CONNING INC. 0.12% of their portfolio HARTFORD, CT 3,600,0003.6m $3.6m $3.6m 0.12% Unchanged
9 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,401,0003.4m $3.4m $3.4m 0.00% Added +851.0k +851,000
10 Skaana Management L.P. 0.88% of their portfolio BROOKLYN, NY 2,738,0002.7m $2.8m $2.8m 0.88% Added +1.2m +1,196,000
11 Catalyst Capital Advisors LLC 0.05% of their portfolio San Juan, PR 2,300,0002.3m $2.3m $2.3m 0.05% Unchanged
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,250,0002.2m $2.2m $2.2m 0.00% New
13 SSI INVESTMENT MANAGEMENT LLC 0.15% of their portfolio Los Angeles, CA 2,000,0002.0m $2.0m $2.0m 0.15% Unchanged
14 PIPER SANDLER & CO. 1.33% of their portfolio MINNEAPOLIS, MN 1,750,0001.8m $1.7m $1.7m 1.33% Unchanged
15 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 1,659,0001.7m $1.7m $1.7m 0.00% Unchanged
16 NOMURA HOLDINGS INC 0.05% of their portfolio TOKYO, M0 703,556703.6k $9.7m $9.7m 0.05% New
17 OAKTREE CAPITAL MANAGEMENT LP 0.01% of their portfolio LOS ANGELES, CA 444,000444.0k $444.0k $444.0k 0.01% Reduced -1.3m -1,306,000
18 Amtrust Financial Services, Inc. 0.14% of their portfolio New York, NY 313,000313.0k $313.0k $313.0k 0.14% Reduced -481.0k -481,000
19 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 306,000306.0k $317.2k $317.2k 0.00% Reduced -944.0k -944,000
20 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 184,000184.0k $183.5k $183.5k 0.00% Added +1.0k +1,000
21 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 52,00052.0k $51.7k $51.7k 0.00% Unchanged
22 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 49,75049.8k $49.8k $49.8k 0.00% New
23 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 25,00025.0k $24.9k $24.9k 0.00% Unchanged
24 Context Capital Management, LLC 0.86% of their portfolio LAJOLLA, CA 21,94021.9k $21.9m $21.9m 0.86% Reduced -2.0k -2,000
25 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 20,00020.0k $19.9k $19.9k 0.00% Unchanged
26 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 17,00017.0k $16.8k $16.8k 0.00% Unchanged
27 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 14,00014.0k $13.8k $13.8k 0.00% Unchanged
28 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 4,8004.8k $4.8k $4.8k 0.00% Unchanged
29 Centiva Capital, LP 0.11% of their portfolio New York, NY 3,0003.0k $3.0m $3.0m 0.11% New
30 LAFFER TENGLER INVESTMENTS, INC. 0.57% of their portfolio Scottsdale, AZ 2,7162.7k $2.9m $2.9m 0.57% Added +73 +73
31 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 1616 $15 $15 0.00% Reduced -16.0k -15,984
32 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged