Vault-13

ARBOR REALTY TRUST INC ABR 7.5 08.01.25

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

30 institutional holders -2 vs Q4 2024
2,599,7172.6m shares reported held*
$185.2mreported value*
5 new 9 added 4 reduced 7 sold out net sold ≈ $5.3m (-2.3m 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 ≈ $71.24.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

02040Q4 23: 26Q1 24: 32Q2 24: 29Q3 24: 29Q4 24: 32Q1 25: 3030Q4 23Q1 24Q2 24Q3 24Q4 24Q1 25
Numbers
QuarterHolders
Q4 202326
Q1 202432
Q2 202429
Q3 202429
Q4 202432
Q1 202530

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 24Q1 25: 14 bought or addedQ1 25: 11 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241415
Q2 20241216
Q3 20241313
Q4 2024119
Q1 20251411

Biggest buyers

MILLENNIUM MANAGEMENT LLC Added +31,000,000+31.0m
PIPER SANDLER & CO. Added +1,000,000+1.0m
SSI INVESTMENT MANAGEMENT LLC Added +700,000+700.0k
TWO SIGMA INVESTMENTS, LP Added +500,000+500.0k
UBS Group AG New +447,000+447.0k
ZAZOVE ASSOCIATES LLC New +375,000+375.0k
VIRTUS ADVISERS, LLC New +45,000+45.0k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +35,000+35.0k
Amtrust Financial Services, Inc. Added +20,000+20.0k
LANARK FINANCIAL, INC. Added +15,984+16.0k

Biggest sellers

Graham Capital Management, L.P. Reduced -19,462,000-19.5m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -13,860,000-13.9m
Skaana Management L.P. Sold out -2,738,000-2.7m
Thrivent Financial for Lutherans Sold out -1,659,000-1.7m
NOMURA HOLDINGS INC Sold out -703,556-703.6k
OAKTREE CAPITAL MANAGEMENT LP Sold out -444,000-444.0k
JPMORGAN CHASE & CO Reduced -341,000-341.0k
Russell Investments Group, Ltd. Sold out -306,000-306.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Sold out -14,000-14.0k
&PARTNERS Reduced -5,000-5.0k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CAMDEN ASSET MANAGEMENT L P /CA 1.05% of their portfolio Los Angeles, CA 39,585,00039.6m $39.4m $39.4m 1.05% Reduced -13.9m -13,860,000
2 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 36,250,00036.2m $36.2m $36.2m 0.04% Added +31.0m +31,000,000
3 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 18,000,00018.0m $18.0m $18.0m 0.02% Unchanged
4 Parallax Volatility Advisers, L.P. 0.39% of their portfolio San Francisco, CA 12,000,00012.0m $11.9m $11.9m 0.39% Unchanged
5 Graham Capital Management, L.P. 0.29% of their portfolio ROWAYTON, CT 9,213,0009.2m $9.2m $9.2m 0.29% Reduced -19.5m -19,462,000
6 CSS LLC/IL 0.49% of their portfolio CHICAGO, IL 7,000,0007.0m $7.0m $7.0m 0.49% Unchanged
7 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 4,500,0004.5m $4.5m $4.5m 0.01% Added +500.0k +500,000
8 CONNING INC. 0.13% of their portfolio HARTFORD, CT 3,600,0003.6m $3.6m $3.6m 0.13% Unchanged
9 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,401,0003.4m $3.4m $3.4m 0.00% Unchanged
10 PIPER SANDLER & CO. 2.05% of their portfolio MINNEAPOLIS, MN 2,750,0002.8m $2.7m $2.7m 2.05% Added +1.0m +1,000,000
11 SSI INVESTMENT MANAGEMENT LLC 0.21% of their portfolio Los Angeles, CA 2,700,0002.7m $2.7m $2.7m 0.21% Added +700.0k +700,000
12 Catalyst Capital Advisors LLC 0.05% of their portfolio San Juan, PR 2,300,0002.3m $2.3m $2.3m 0.05% Unchanged
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,909,0001.9m $1.9m $1.9m 0.00% Reduced -341.0k -341,000
14 UBS Group AG 0.00% of their portfolio ZURICH, V8 447,000447.0k $444.8k $444.8k 0.00% New
15 ZAZOVE ASSOCIATES LLC 0.03% of their portfolio INCLINE VILLAGE, NV 375,000375.0k $374.8k $374.8k 0.03% New
16 Amtrust Financial Services, Inc. 0.16% of their portfolio New York, NY 333,000333.0k $333.0k $333.0k 0.16% Added +20.0k +20,000
17 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 179,000179.0k $178.6k $178.6k 0.00% Reduced -5.0k -5,000
18 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 60,00060.0k $59.7k $59.7k 0.00% Added +35.0k +35,000
19 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 52,00052.0k $51.7k $51.7k 0.00% Unchanged
20 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 49,75049.8k $49.8k $49.8k 0.00% Unchanged
21 VIRTUS ADVISERS, LLC 0.03% of their portfolio HARTFORD, CT 45,00045.0k $44.8k $44.8k 0.03% New
22 Context Capital Management, LLC 1.46% of their portfolio LAJOLLA, CA 37,69037.7k $37.7m $37.7m 1.46% Added +15.8k +15,750
23 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 20,00020.0k $19.9k $19.9k 0.00% Unchanged
24 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 17,00017.0k $16.9k $16.9k 0.00% Unchanged
25 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 16,00016.0k $15.0k $15.0k 0.00% Added +16.0k +15,984
26 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 14,00014.0k $13.9k $13.9k 0.00% New
27 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 4,8004.8k $4.8k $4.8k 0.00% Unchanged
28 Peak Retirement Planning, Inc. 0.18% of their portfolio COLUMBUS, OH 3,2003.2k $318.4k $318.4k 0.18% New
29 LAFFER TENGLER INVESTMENTS, INC. 0.59% of their portfolio Scottsdale, AZ 2,7172.7k $2.8m $2.8m 0.59% Added +1 +1
30 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged