Vault-13

BLACKSTONE MORTGAGE TRUST IN BXMT 5.5 03.15.27

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

59 institutional holders +0 vs Q4 2025
8,025,0008.0m shares reported held*
$163.8mreported value*
12 new 11 added 7 reduced 12 sold out net sold ≈ $7.8m (+6.0m 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 ($3.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $20.87.

Trends to Q1 2026

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: 59Q1 26: 5959Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 202659

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 12 bought or addedQ2 24: 15 cut or sold outQ3 24: 17 bought or addedQ3 24: 14 cut or sold outQ3 24Q4 24: 15 bought or addedQ4 24: 15 cut or sold outQ1 25: 25 bought or addedQ1 25: 15 cut or sold outQ1 25Q2 25: 19 bought or addedQ2 25: 18 cut or sold outQ3 25: 25 bought or addedQ3 25: 15 cut or sold outQ3 25Q4 25: 21 bought or addedQ4 25: 14 cut or sold outQ1 26: 23 bought or addedQ1 26: 19 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20241215
Q3 20241714
Q4 20241515
Q1 20252515
Q2 20251918
Q3 20252515
Q4 20252114
Q1 20262319

Biggest buyers

Kohlberg Kravis Roberts & Co. L.P. Added +6,090,000+6.1m
PIPER SANDLER & CO. Added +5,880,000+5.9m
SSI INVESTMENT MANAGEMENT LLC New +5,604,000+5.6m
JPMORGAN CHASE & CO Added +3,400,000+3.4m
CITIGROUP INC New +1,450,000+1.4m
PALISADE CAPITAL MANAGEMENT, LP Added +1,010,000+1.0m
OAKTREE CAPITAL MANAGEMENT LP Added +960,000+960.0k
Russell Investments Group, Ltd. Added +894,000+894.0k
HB Wealth Management, LLC New +459,000+459.0k
ZAZOVE ASSOCIATES LLC Added +385,000+385.0k

Biggest sellers

Graham Capital Management, L.P. Reduced -14,690,000-14.7m
SSI INVESTMENT MANAGEMENT LLC Sold out -5,604,000-5.6m
LORD, ABBETT & CO. LLC Reduced -4,000,000-4.0m
BlackRock, Inc. Reduced -3,500,000-3.5m
WESTWOOD HOLDINGS GROUP INC Sold out -3,000,000-3.0m
HB Wealth Management, LLC Sold out -1,460,000-1.5m
CORBYN INVESTMENT MANAGEMENT INC/MD Reduced -1,049,000-1.0m
AVIVA PLC Reduced -400,000-400.0k
Bank of New York Mellon Corp Sold out -300,000-300.0k
ROYAL BANK OF CANADA Sold out -199,000-199.0k

Holders, Q1 2026

#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 $22.3m $22.3m 0.00% Unchanged
2 Parallax Volatility Advisers, L.P. 0.92% of their portfolio San Francisco, CA 20,950,00020.9m $20.8m $20.8m 0.92% Unchanged
3 CORBYN INVESTMENT MANAGEMENT INC/MD 4.80% of their portfolio Lutherville, MD 14,556,00014.6m $14.4m $14.4m 4.80% Reduced -1.0m -1,049,000
4 OAKTREE CAPITAL MANAGEMENT LP 0.22% of their portfolio LOS ANGELES, CA 12,959,00013.0m $12.9m $12.9m 0.22% Added +960.0k +960,000
5 Kohlberg Kravis Roberts & Co. L.P. 0.20% of their portfolio NEW YORK, NY 10,632,00010.6m $10.6m $10.6m 0.20% Added +6.1m +6,090,000
6 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 8,023,0008.0m $8.0m $8.0m 0.02% Unchanged
7 PIPER SANDLER & CO. 6.95% of their portfolio MINNEAPOLIS, MN 7,183,0007.2m $7.1m $7.1m 6.95% Added +5.9m +5,880,000
8 ADVENT CAPITAL MANAGEMENT /DE/ 0.19% of their portfolio NEW YORK, NY 6,398,0006.4m $6.4m $6.4m 0.19% Unchanged
9 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 6,018,0006.0m $6.0m $6.0m 0.01% Added +894.0k +894,000
10 Graham Capital Management, L.P. 0.20% of their portfolio ROWAYTON, CT 5,948,0005.9m $5.9m $5.9m 0.20% Reduced -14.7m -14,690,000
11 SSI INVESTMENT MANAGEMENT LLC 0.38% of their portfolio Los Angeles, CA 5,604,0005.6m $5.5m $5.5m 0.38% New
12 PALISADE CAPITAL MANAGEMENT, LP 0.18% of their portfolio FORT LEE, NJ 5,370,0005.4m $5.3m $5.3m 0.18% Added +1.0m +1,010,000
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,730,0004.7m $4.7m $4.7m 0.00% Added +3.4m +3,400,000
14 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,322,0004.3m $4.3m $4.3m 0.00% Reduced -3.5m -3,500,000
15 LORD, ABBETT & CO. LLC 0.01% of their portfolio JERSEY CITY, NJ 4,307,0004.3m $4.3m $4.3m 0.01% Reduced -4.0m -4,000,000
16 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 4,100,0004.1m $4.1m $4.1m 0.00% Unchanged
17 AVIVA PLC 0.01% of their portfolio LONDON, X0 3,900,0003.9m $3.9m $3.9m 0.01% Reduced -400.0k -400,000
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,699,0002.7m $2.7m $2.7m 0.00% Unchanged
19 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
20 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 2,000,0002.0m $2.0m $2.0m 0.00% Unchanged
21 Delphi Financial Group, Inc. 0.89% of their portfolio Wilmington, DE 2,000,0002.0m $2.0m $2.0m 0.89% Unchanged
22 Benefit Street Partners LLC 1.96% of their portfolio NEW YORK, NY 1,700,0001.7m $1.7m $1.7m 1.96% Unchanged
23 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,450,0001.4m $1.4m $1.4m 0.00% New
24 Eagle Point Credit Management LLC 1.81% of their portfolio GREENWICH, CT 1,395,0001.4m $1.4m $1.4m 1.81% Unchanged
25 FINANCIAL CONSULATE, INC 0.12% of their portfolio HUNT VALLEY, MD 954,000954.0k $947.6k $947.6k 0.12% Added +1.0k +1,000
26 ZAZOVE ASSOCIATES LLC 0.04% of their portfolio INCLINE VILLAGE, NV 770,000770.0k $766.4k $766.4k 0.04% Added +385.0k +385,000
27 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 459,000459.0k $454.8k $454.8k 0.00% New
28 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 330,000330.0k $326.7k $326.7k 0.00% Added +163.0k +163,000
29 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 303,000303.0k $301.4k $301.4k 0.00% Added +3.0k +3,000
30 Left Brain Wealth Management, LLC 0.09% of their portfolio NAPERVILLE, IL 220,000220.0k $218.5k $218.5k 0.09% Unchanged
31 Sculati Wealth Management, LLC 0.07% of their portfolio Bloomfield Hills, MI 200,000200.0k $198.2k $198.2k 0.07% Unchanged
32 Ares Systematic Credit Ltd 0.16% of their portfolio LONDON, X0 200,000200.0k $199.0k $199.0k 0.16% Unchanged
33 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 99,00099.0k $99.0k $99.0k 0.00% New
34 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 98,00098.0k $97.0k $97.0k 0.00% Unchanged
35 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 90,00090.0k $89.7k $89.7k 0.00% Unchanged
36 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 80,00080.0k $79.2k $79.2k 0.00% New
37 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 78,00078.0k $77.2k $77.2k 0.00% Added +20.0k +20,000
38 180 WEALTH ADVISORS, LLC 0.01% of their portfolio FEDERAL WAY, WA 67,00067.0k $66.3k $66.3k 0.01% Unchanged
39 HANCOCK WHITNEY CORP 0.00% of their portfolio GULFPORT, MS 50,00050.0k $49.5k $49.5k 0.00% New
40 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 50,00050.0k $49.5k $49.5k 0.00% New
41 LVZ, Inc. 0.01% of their portfolio Holland, MI 50,00050.0k $49.5k $49.5k 0.01% Unchanged
42 UBS Group AG 0.00% of their portfolio ZURICH, V8 50,00050.0k $49.5k $49.5k 0.00% Unchanged
43 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 50,00050.0k $49.5k $49.5k 0.00% Unchanged
44 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 40,00040.0k $39.6k $39.6k 0.00% Unchanged
45 Northside Capital Management, LLC 0.00% of their portfolio Hood River, OR 28,00028.0k $27.7k $27.7k 0.00% Unchanged
46 BOKF, NA 0.00% of their portfolio TULSA, OK 25,00025.0k $24.8k $24.8k 0.00% New
47 Keystone Financial Group 0.00% of their portfolio LEXINGTON, KY 25,00025.0k $24.8k $24.8k 0.00% New
48 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 24,00024.0k $23.8k $23.8k 0.00% Reduced -41.0k -41,000
49 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 18,00018.0k $17.8k $17.8k 0.00% Unchanged
50 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 16,00016.0k $16.0k $16.0k 0.00% Unchanged
51 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 15,00015.0k $15.0k $15.0k 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% Unchanged
53 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 15,00015.0k $14.8k $14.8k 0.00% Reduced -50.0k -50,000
54 TRUE Private Wealth Advisors 0.00% of their portfolio Salem, OR 13,00013.0k $12.9k $12.9k 0.00% Unchanged
55 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 12,00012.0k $0 $0 0.00% Unchanged
56 Ayrshire Capital Management LLC 0.01% of their portfolio WESTPORT, CT 10,00010.0k $9.9k $9.9k 0.01% 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. 0.42% of their portfolio Scottsdale, AZ 2,8642.9k $2.9m $2.9m 0.42% New
59 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4040 $39.6k $39.6k 0.00% New