Vault-13

ARBOR REALTY TRUST INC ABR 7.5 08.01.25

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

28 institutional holders -2 vs Q1 2025
2,966,4323.0m shares reported held*
$203.8mreported value*
4 new 6 added 6 reduced 6 sold out net bought ≈ $23.9m (+366.7k 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 ≈ $68.71.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

02040Q4 23: 26Q1 24: 32Q2 24: 29Q3 24: 29Q4 24: 32Q1 25: 30Q2 25: 2828Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 202326
Q1 202432
Q2 202429
Q3 202429
Q4 202432
Q1 202530
Q2 202528

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 25Q2 25: 10 bought or addedQ2 25: 12 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241415
Q2 20241216
Q3 20241313
Q4 2024119
Q1 20251411
Q2 20251012

Biggest buyers

UBS Group AG Added +32,256,000+32.3m
PIPER SANDLER & CO. Added +7,419,000+7.4m
Parallax Volatility Advisers, L.P. Added +4,000,000+4.0m
SSI INVESTMENT MANAGEMENT LLC Added +3,300,000+3.3m
Amtrust Financial Services, Inc. Added +1,318,000+1.3m
Catalyst Capital Advisors LLC Added +410,000+410.0k
JANE STREET GROUP, LLC New +325,000+325.0k
ROYAL BANK OF CANADA New +60,000+60.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC New +14,000+14.0k
First Horizon Advisors, Inc. New +10,000+10.0k

Biggest sellers

Graham Capital Management, L.P. Sold out -9,213,000-9.2m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -7,000,000-7.0m
CSS LLC/IL Reduced -3,500,000-3.5m
BlackRock, Inc. Sold out -3,401,000-3.4m
JPMORGAN CHASE & CO Sold out -1,909,000-1.9m
LANARK FINANCIAL, INC. Sold out -16,000-16.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Sold out -14,000-14.0k
&PARTNERS Reduced -10,000-10.0k
Context Capital Management, LLC Reduced -4,500-4.5k
Peak Retirement Planning, Inc. Sold out -3,200-3.2k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 36,250,00036.2m $36.2m $36.2m 0.03% Unchanged
2 UBS Group AG 0.01% of their portfolio ZURICH, V8 32,703,00032.7m $32.4m $32.4m 0.01% Added +32.3m +32,256,000
3 CAMDEN ASSET MANAGEMENT L P /CA 0.76% of their portfolio Los Angeles, CA 32,585,00032.6m $32.3m $32.3m 0.76% Reduced -7.0m -7,000,000
4 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 18,000,00018.0m $18.0m $18.0m 0.02% Unchanged
5 Parallax Volatility Advisers, L.P. 0.64% of their portfolio San Francisco, CA 16,000,00016.0m $15.8m $15.8m 0.64% Added +4.0m +4,000,000
6 PIPER SANDLER & CO. 7.83% of their portfolio MINNEAPOLIS, MN 10,169,00010.2m $10.2m $10.2m 7.83% Added +7.4m +7,419,000
7 SSI INVESTMENT MANAGEMENT LLC 0.42% of their portfolio Los Angeles, CA 6,000,0006.0m $5.9m $5.9m 0.42% Added +3.3m +3,300,000
8 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 4,500,0004.5m $4.5m $4.5m 0.01% Unchanged
9 CONNING INC. 0.12% of their portfolio HARTFORD, CT 3,600,0003.6m $3.6m $3.6m 0.12% Unchanged
10 CSS LLC/IL 0.22% of their portfolio CHICAGO, IL 3,500,0003.5m $3.5m $3.5m 0.22% Reduced -3.5m -3,500,000
11 Catalyst Capital Advisors LLC 0.05% of their portfolio San Juan, PR 2,710,0002.7m $2.7m $2.7m 0.05% Added +410.0k +410,000
12 Amtrust Financial Services, Inc. 0.58% of their portfolio New York, NY 1,651,0001.7m $1.6m $1.6m 0.58% Added +1.3m +1,318,000
13 ZAZOVE ASSOCIATES LLC 0.03% of their portfolio INCLINE VILLAGE, NV 375,000375.0k $374.6k $374.6k 0.03% Unchanged
14 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 325,000325.0k $326.4k $326.4k 0.00% New
15 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 169,000169.0k $167.4k $167.4k 0.00% Reduced -10.0k -10,000
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 60,00060.0k $60.0k $60.0k 0.00% New
17 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 60,00060.0k $59.4k $59.4k 0.00% Unchanged
18 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 52,00052.0k $51.5k $51.5k 0.00% Unchanged
19 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 49,52549.5k $49.5k $49.5k 0.00% Reduced -225 -225
20 VIRTUS ADVISERS, LLC 0.03% of their portfolio HARTFORD, CT 45,00045.0k $44.6k $44.6k 0.03% Unchanged
21 Context Capital Management, LLC 1.12% of their portfolio LAJOLLA, CA 33,19033.2k $33.0m $33.0m 1.12% Reduced -4.5k -4,500
22 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 20,00020.0k $19.9k $19.9k 0.00% Unchanged
23 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 17,00017.0k $17.0k $17.0k 0.00% Unchanged
24 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 14,00014.0k $13.8k $13.8k 0.00% New
25 First Horizon Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 10,00010.0k $9.9k $9.9k 0.00% New
26 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 4,8004.8k $4.8k $4.8k 0.00% Unchanged
27 LAFFER TENGLER INVESTMENTS, INC. 0.50% of their portfolio Scottsdale, AZ 2,6322.6k $2.8m $2.8m 0.50% Reduced -85 -85
28 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged