Vault-13

BLACKSTONE MORTGAGE TRUST IN BXMT 5.5 03.15.27

NOTE 5.500% 3/1 · US DOMESTIC · CUSIP 09257WAE0

59 institutional holders +8 vs Q3 2025
2,069,8752.1m shares reported held*
$171.9mreported value*
13 new 8 added 9 reduced 5 sold out net bought ≈ $27.0m (+155.9k 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 ($2.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $84.40.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 37Q4 22: 40Q1 23: 44Q2 23: 44Q3 23: 50Q4 23: 43Q1 24: 47Q2 24: 42Q3 24: 48Q4 24: 48Q1 25: 52Q2 25: 48Q3 25: 51Q4 25: 5959Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202237
Q4 202240
Q1 202344
Q2 202344
Q3 202350
Q4 202343
Q1 202447
Q2 202442
Q3 202448
Q4 202448
Q1 202552
Q2 202548
Q3 202551
Q4 202559

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 24: 16 bought or addedQ1 24: 13 cut or sold outQ2 24: 12 bought or addedQ2 24: 15 cut or sold outQ2 24Q3 24: 17 bought or addedQ3 24: 14 cut or sold outQ4 24: 15 bought or addedQ4 24: 15 cut or sold outQ4 24Q1 25: 25 bought or addedQ1 25: 15 cut or sold outQ2 25: 19 bought or addedQ2 25: 18 cut or sold outQ2 25Q3 25: 25 bought or addedQ3 25: 15 cut or sold outQ4 25: 21 bought or addedQ4 25: 14 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241613
Q2 20241215
Q3 20241714
Q4 20241515
Q1 20252515
Q2 20251918
Q3 20252515
Q4 20252114

Biggest buyers

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +22,500,000+22.5m
OAKTREE CAPITAL MANAGEMENT LP Added +5,060,000+5.1m
Kohlberg Kravis Roberts & Co. L.P. New +4,542,000+4.5m
JPMORGAN CHASE & CO New +1,330,000+1.3m
PIPER SANDLER & CO. New +1,303,000+1.3m
PALISADE CAPITAL MANAGEMENT, LP Added +1,041,000+1.0m
SSI INVESTMENT MANAGEMENT LLC Added +1,000,000+1.0m
BlackRock, Inc. Added +550,000+550.0k
FRANKLIN RESOURCES INC Added +300,000+300.0k
ROYAL BANK OF CANADA Added +138,000+138.0k

Biggest sellers

LORD, ABBETT & CO. LLC Reduced -5,000,000-5.0m
VICTORY CAPITAL MANAGEMENT INC Reduced -4,140,000-4.1m
AVIVA PLC Reduced -800,000-800.0k
Russell Investments Group, Ltd. Reduced -404,000-404.0k
CORBYN INVESTMENT MANAGEMENT INC/MD Reduced -125,000-125.0k
Clearstead Advisors, LLC Sold out -80,000-80.0k
HB Wealth Management, LLC Reduced -44,000-44.0k
FINANCIAL CONSULATE, INC Reduced -32,000-32.0k
LAFFER TENGLER INVESTMENTS, INC. Sold out -28,960-29.0k
BOKF, NA Sold out -25,000-25.0k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 22,500,00022.5m $22.2m $22.2m 0.00% New
2 Parallax Volatility Advisers, L.P. 0.64% of their portfolio San Francisco, CA 20,950,00020.9m $20.6m $20.6m 0.64% Unchanged
3 Graham Capital Management, L.P. 0.71% of their portfolio ROWAYTON, CT 20,638,00020.6m $20.5m $20.5m 0.71% Unchanged
4 CORBYN INVESTMENT MANAGEMENT INC/MD 4.49% of their portfolio Lutherville, MD 15,605,00015.6m $15.4m $15.4m 4.49% Reduced -125.0k -125,000
5 OAKTREE CAPITAL MANAGEMENT LP 0.19% of their portfolio LOS ANGELES, CA 11,999,00012.0m $11.9m $11.9m 0.19% Added +5.1m +5,060,000
6 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 8,307,0008.3m $8.2m $8.2m 0.03% Reduced -5.0m -5,000,000
7 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 8,023,0008.0m $8.0m $8.0m 0.01% Unchanged
8 BlackRock, Inc. 0.00% of their portfolio New York, NY 7,822,0007.8m $7.7m $7.7m 0.00% Added +550.0k +550,000
9 ADVENT CAPITAL MANAGEMENT /DE/ 0.15% of their portfolio NEW YORK, NY 6,398,0006.4m $6.4m $6.4m 0.15% Unchanged
10 SSI INVESTMENT MANAGEMENT LLC 0.37% of their portfolio Los Angeles, CA 5,604,0005.6m $5.5m $5.5m 0.37% Added +1.0m +1,000,000
11 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 5,124,0005.1m $5.2m $5.2m 0.01% Reduced -404.0k -404,000
12 Kohlberg Kravis Roberts & Co. L.P. 0.07% of their portfolio NEW YORK, NY 4,542,0004.5m $4.5m $4.5m 0.07% New
13 PALISADE CAPITAL MANAGEMENT, LP 0.13% of their portfolio FORT LEE, NJ 4,360,0004.4m $4.3m $4.3m 0.13% Added +1.0m +1,041,000
14 AVIVA PLC 0.01% of their portfolio LONDON, X0 4,300,0004.3m $4.2m $4.2m 0.01% Reduced -800.0k -800,000
15 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 4,100,0004.1m $4.0m $4.0m 0.00% Unchanged
16 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 3,000,0003.0m $3.0m $3.0m 0.02% Unchanged
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,699,0002.7m $2.7m $2.7m 0.00% Unchanged
18 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,500,0002.5m $2.5m $2.5m 0.00% Unchanged
19 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 2,000,0002.0m $2.0m $2.0m 0.00% Added +300.0k +300,000
20 Delphi Financial Group, Inc. 0.98% of their portfolio Wilmington, DE 2,000,0002.0m $2.0m $2.0m 0.98% Unchanged
21 Benefit Street Partners LLC 1.85% of their portfolio NEW YORK, NY 1,700,0001.7m $1.7m $1.7m 1.85% First filing
22 HB Wealth Management, LLC 0.01% of their portfolio Atlanta, GA 1,460,0001.5m $1.4m $1.4m 0.01% Reduced -44.0k -44,000
23 Eagle Point Credit Management LLC 1.32% of their portfolio GREENWICH, CT 1,395,0001.4m $1.4m $1.4m 1.32% First filing
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,330,0001.3m $1.3m $1.3m 0.00% New
25 PIPER SANDLER & CO. 0.90% of their portfolio MINNEAPOLIS, MN 1,303,0001.3m $1.3m $1.3m 0.90% New
26 FINANCIAL CONSULATE, INC 0.13% of their portfolio HUNT VALLEY, MD 953,000953.0k $947.8k $947.8k 0.13% Reduced -32.0k -32,000
27 ZAZOVE ASSOCIATES LLC 0.03% of their portfolio INCLINE VILLAGE, NV 385,000385.0k $382.3k $382.3k 0.03% Unchanged
28 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 300,000300.0k $294.0k $294.0k 0.00% Added +93.0k +93,000
29 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $294.0k $294.0k 0.00% Unchanged
30 Left Brain Wealth Management, LLC 0.08% of their portfolio NAPERVILLE, IL 220,000220.0k $218.8k $218.8k 0.08% Unchanged
31 Sculati Wealth Management, LLC 0.07% of their portfolio Bloomfield Hills, MI 200,000200.0k $195.7k $195.7k 0.07% Unchanged
32 Ares Systematic Credit Ltd 0.16% of their portfolio LONDON, X0 200,000200.0k $201.3k $201.3k 0.16% First filing
33 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 199,000199.0k $198.0k $198.0k 0.00% Added +138.0k +138,000
34 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 167,000167.0k $164.6k $164.6k 0.00% Reduced -2.0k -2,000
35 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 98,00098.0k $96.6k $96.6k 0.00% Unchanged
36 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 90,00090.0k $89.1k $89.1k 0.00% Reduced -4.1m -4,140,000
37 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 80,00080.0k $78.8k $78.8k 0.00% New
38 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 67,00067.0k $66.0k $66.0k 0.00% Unchanged
39 180 WEALTH ADVISORS, LLC 0.01% of their portfolio FEDERAL WAY, WA 67,00067.0k $66.0k $66.0k 0.01% Reduced -1.0k -1,000
40 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 65,00065.0k $63.8k $63.8k 0.00% Unchanged
41 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 65,00065.0k $64.6k $64.6k 0.00% Added +41.0k +41,000
42 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 58,00058.0k $57.2k $57.2k 0.00% Unchanged
43 HANCOCK WHITNEY CORP 0.00% of their portfolio GULFPORT, MS 50,00050.0k $49.3k $49.3k 0.00% Unchanged
44 LVZ, Inc. 0.01% of their portfolio Holland, MI 50,00050.0k $49.3k $49.3k 0.01% Unchanged
45 UBS Group AG 0.00% of their portfolio ZURICH, V8 50,00050.0k $49.3k $49.3k 0.00% Unchanged
46 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 50,00050.0k $50.1k $50.1k 0.00% Unchanged
47 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 40,00040.0k $39.4k $39.4k 0.00% New
48 Northside Capital Management, LLC 0.00% of their portfolio Hood River, OR 28,00028.0k $27.4k $27.4k 0.00% Unchanged
49 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 18,00018.0k $17.6k $17.6k 0.00% New
50 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 16,00016.0k $16.0k $16.0k 0.00% Unchanged
51 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 15,00015.0k $14.8k $14.8k 0.00% New
52 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 15,00015.0k $15.0k $15.0k 0.00% New
53 TRUE Private Wealth Advisors 0.00% of their portfolio Salem, OR 13,00013.0k $12.8k $12.8k 0.00% New
54 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 12,00012.0k $11.9k $11.9k 0.00% New
55 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 11,00011.0k $10.8k $10.8k 0.00% New
56 Ayrshire Capital Management LLC 0.00% of their portfolio WESTPORT, CT 10,00010.0k $9.9k $9.9k 0.00% Unchanged
57 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 3,0003.0k $3.0k $3.0k 0.00% Unchanged
58 LAFFER TENGLER INVESTMENTS, INC. 0.45% of their portfolio Scottsdale, AZ 2,8752.9k $2.9m $2.9m 0.45% New
59 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 2,0002.0k $2.0k $2.0k 0.00% Unchanged