Vault-13

BLACKSTONE MORTGAGE TRUST IN BXMT 5.5 03.15.27

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

62 institutional holders +3 vs Q1 2026
2,447,8142.4m shares reported held*
$174.4mreported value*
11 new 12 added 6 reduced 9 sold out net bought ≈ $6.5m (-5.6m 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 ($4.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $72.95.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 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: 59Q2 26: 6262Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 202662

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 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 25Q1 26: 23 bought or addedQ1 26: 19 cut or sold outQ2 26: 23 bought or addedQ2 26: 15 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241714
Q4 20241515
Q1 20252515
Q2 20251918
Q3 20252515
Q4 20252114
Q1 20262319
Q2 20262315

Biggest buyers

STANSBERRY ASSET MANAGEMENT, LLC New +5,977,000+6.0m
SSI INVESTMENT MANAGEMENT LLC New +5,604,000+5.6m
Kohlberg Kravis Roberts & Co. L.P. Added +2,290,000+2.3m
PIPER SANDLER & CO. Added +1,792,000+1.8m
OAKTREE CAPITAL MANAGEMENT LP Added +1,105,000+1.1m
BlackRock, Inc. Added +1,000,000+1.0m
PALISADE CAPITAL MANAGEMENT, LP Added +850,000+850.0k
Russell Investments Group, Ltd. Added +563,000+563.0k
Jefferies Financial Group Inc. New +108,000+108.0k
ROYAL BANK OF CANADA New +100,000+100.0k

Biggest sellers

SSI INVESTMENT MANAGEMENT LLC Sold out -5,604,000-5.6m
JPMORGAN CHASE & CO Reduced -2,805,000-2.8m
Benefit Street Partners LLC Sold out -1,700,000-1.7m
Graham Capital Management, L.P. Reduced -1,300,000-1.3m
CITIGROUP INC Reduced -571,000-571.0k
AVIVA PLC Reduced -450,000-450.0k
ZAZOVE ASSOCIATES LLC Reduced -416,000-416.0k
Thrivent Financial for Lutherans Reduced -94,000-94.0k
COMMONWEALTH EQUITY SERVICES, LLC Sold out -40,000-40.0k
Keystone Financial Group Sold out -25,000-25.0k

Holders, Q2 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 $22.4m $22.4m 0.00% Unchanged
2 Parallax Volatility Advisers, L.P. 0.77% of their portfolio San Francisco, CA 20,950,00020.9m $20.8m $20.8m 0.77% Unchanged
3 CORBYN INVESTMENT MANAGEMENT INC/MD 4.20% of their portfolio Lutherville, MD 14,607,00014.6m $14.5m $14.5m 4.20% Added +51.0k +51,000
4 OAKTREE CAPITAL MANAGEMENT LP 0.26% of their portfolio LOS ANGELES, CA 14,064,00014.1m $14.1m $14.1m 0.26% Added +1.1m +1,105,000
5 Kohlberg Kravis Roberts & Co. L.P. 0.23% of their portfolio NEW YORK, NY 12,922,00012.9m $12.9m $12.9m 0.23% Added +2.3m +2,290,000
6 PIPER SANDLER & CO. 6.57% of their portfolio MINNEAPOLIS, MN 8,975,0009.0m $8.9m $8.9m 6.57% Added +1.8m +1,792,000
7 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 7,929,0007.9m $8.0m $8.0m 0.01% Reduced -94.0k -94,000
8 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 6,581,0006.6m $6.7m $6.7m 0.01% Added +563.0k +563,000
9 ADVENT CAPITAL MANAGEMENT /DE/ 0.15% of their portfolio NEW YORK, NY 6,398,0006.4m $6.5m $6.5m 0.15% Unchanged
10 PALISADE CAPITAL MANAGEMENT, LP 0.27% of their portfolio FORT LEE, NJ 6,220,0006.2m $6.2m $6.2m 0.27% Added +850.0k +850,000
11 STANSBERRY ASSET MANAGEMENT, LLC 0.54% of their portfolio Westlake, TX 5,977,0006.0m $5.9m $5.9m 0.54% New
12 SSI INVESTMENT MANAGEMENT LLC 0.32% of their portfolio Los Angeles, CA 5,604,0005.6m $5.6m $5.6m 0.32% New
13 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,322,0005.3m $5.3m $5.3m 0.00% Added +1.0m +1,000,000
14 Graham Capital Management, L.P. 0.12% of their portfolio ROWAYTON, CT 4,648,0004.6m $4.6m $4.6m 0.12% Reduced -1.3m -1,300,000
15 LORD, ABBETT & CO. LLC 0.01% of their portfolio JERSEY CITY, NJ 4,307,0004.3m $4.3m $4.3m 0.01% Unchanged
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 3,450,0003.5m $3.4m $3.4m 0.01% Reduced -450.0k -450,000
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. 0.98% of their portfolio Wilmington, DE 2,000,0002.0m $2.0m $2.0m 0.98% Unchanged
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,925,0001.9m $1.9m $1.9m 0.00% Reduced -2.8m -2,805,000
23 Eagle Point Credit Management LLC 2.11% of their portfolio GREENWICH, CT 1,395,0001.4m $1.4m $1.4m 2.11% Unchanged
24 FINANCIAL CONSULATE, INC 0.11% of their portfolio HUNT VALLEY, MD 1,006,0001.0m $1.0m $1.0m 0.11% Added +52.0k +52,000
25 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 879,000879.0k $874.6k $874.6k 0.00% Reduced -571.0k -571,000
26 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 459,000459.0k $454.8k $454.8k 0.00% Unchanged
27 ZAZOVE ASSOCIATES LLC 0.03% of their portfolio INCLINE VILLAGE, NV 354,000354.0k $353.1k $353.1k 0.03% Reduced -416.0k -416,000
28 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 331,000331.0k $329.3k $329.3k 0.00% Added +1.0k +1,000
29 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 303,000303.0k $302.3k $302.3k 0.00% Unchanged
30 Left Brain Wealth Management, LLC 0.07% of their portfolio NAPERVILLE, IL 220,000220.0k $221.5k $221.5k 0.07% Unchanged
31 Sculati Wealth Management, LLC 0.07% of their portfolio Bloomfield Hills, MI 200,000200.0k $197.7k $197.7k 0.07% Unchanged
32 Ares Systematic Credit Ltd 0.12% of their portfolio LONDON, X0 200,000200.0k $200.0k $200.0k 0.12% Unchanged
33 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 113,000113.0k $112.4k $112.4k 0.00% Added +35.0k +35,000
34 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 108,000108.0k $108.0k $108.0k 0.00% New
35 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 104,475104.5k $104.5k $104.5k 0.00% Added +5.5k +5,475
36 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 100,000100.0k $100.0k $100.0k 0.00% New
37 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 98,00098.0k $97.5k $97.5k 0.00% Unchanged
38 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 90,00090.0k $89.6k $89.6k 0.00% Unchanged
39 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 80,00080.0k $79.6k $79.6k 0.00% Unchanged
40 180 WEALTH ADVISORS, LLC 0.01% of their portfolio FEDERAL WAY, WA 67,00067.0k $66.7k $66.7k 0.01% Unchanged
41 HANCOCK WHITNEY CORP 0.00% of their portfolio GULFPORT, MS 50,00050.0k $49.8k $49.8k 0.00% Unchanged
42 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 50,00050.0k $49.8k $49.8k 0.00% Unchanged
43 LVZ, Inc. 0.01% of their portfolio Holland, MI 50,00050.0k $49.8k $49.8k 0.01% Unchanged
44 UBS Group AG 0.00% of their portfolio ZURICH, V8 50,00050.0k $49.8k $49.8k 0.00% Unchanged
45 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 50,00050.0k $49.8k $49.8k 0.00% Unchanged
46 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 34,00034.0k $3.4m $3.4m 0.00% New
47 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 30,00030.0k $30.0k $30.0k 0.00% Added +15.0k +15,000
48 Northside Capital Management, LLC 0.00% of their portfolio Hood River, OR 28,00028.0k $27.7k $27.7k 0.00% Unchanged
49 BOKF, NA 0.00% of their portfolio TULSA, OK 25,00025.0k $24.9k $24.9k 0.00% Unchanged
50 Allied Private Wealth LLC 0.02% of their portfolio BOCA RATON, FL 25,00025.0k $24.9k $24.9k 0.02% First filing
51 EVOLVE PRIVATE WEALTH, LLC 0.00% of their portfolio LOS ANGELES, CA 20,00020.0k $20.2k $20.2k 0.00% New
52 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 18,00018.0k $17.8k $17.8k 0.00% Unchanged
53 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 16,00016.0k $16.0k $16.0k 0.00% Unchanged
54 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 15,00015.0k $14.9k $14.9k 0.00% Unchanged
55 TRUE Private Wealth Advisors 0.00% of their portfolio Salem, OR 13,00013.0k $12.9k $12.9k 0.00% Unchanged
56 Greenspring Advisors, LLC 0.00% of their portfolio Towson, MD 13,00013.0k $13.1k $13.1k 0.00% New
57 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 10,00010.0k $9.9k $9.9k 0.00% New
58 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 3,0003.0k $3.0k $3.0k 0.00% Unchanged
59 Centiva Capital, LP 0.01% of their portfolio New York, NY 2,8852.9k $288.5k $288.5k 0.01% New
60 LAFFER TENGLER INVESTMENTS, INC. 0.37% of their portfolio Scottsdale, AZ 2,8142.8k $2.9m $2.9m 0.37% New
61 MONETA GROUP INVESTMENT ADVISORS LLC 0.00% of their portfolio ST LOUIS, MO 149149 $14.9k $14.9k 0.00% New
62 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4040 $39.8k $39.8k 0.00% Unchanged