Vault-13

BURLINGTON STORES INC BURL 2.25 04.15.25

NOTE 2.250% 4/1 · US DOMESTIC · CUSIP 122017AB2

53 institutional holders -11 vs Q4 2022
23,361,00023.4m shares reported held*
$2.4bnreported value*
5 new 17 added 14 reduced 16 sold out net sold ≈ $74.1m (-2.1m 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 ≈ $103.04.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 62Q4 22: 64Q1 23: 5353Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202262
Q4 202264
Q1 202353

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 27 bought or addedQ4 22: 21 cut or sold outQ4 22Q1 23: 22 bought or addedQ1 23: 30 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222721
Q1 20232230

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200k$400k$600kQ3 22 calls: $0Q3 22 puts: $559.5kQ3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$559.5k—
Q4 2022$0$0—
Q1 2023$0$0—

Biggest buyers

BNP PARIBAS FINANCIAL MARKETS Added +9,648,000+9.6m
AMERIPRISE FINANCIAL INC Added +6,494,000+6.5m
BlackRock Inc. Added +4,500,000+4.5m
VOYA INVESTMENT MANAGEMENT LLC Added +4,100,000+4.1m
Lombard Odier Asset Management (Europe) Ltd New +3,000,000+3.0m
JANE STREET GROUP, LLC New +2,200,000+2.2m
Amundi Added +2,000,000+2.0m
CQS (US), LLC Added +2,000,000+2.0m
SSI INVESTMENT MANAGEMENT LLC Added +1,856,000+1.9m
Nicholas Investment Partners, LP Added +1,250,000+1.2m

Biggest sellers

LAZARD ASSET MANAGEMENT LLC Reduced -27,236,000-27.2m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -17,600,000-17.6m
BANK OF AMERICA CORP /DE/ Reduced -9,980,000-10.0m
READYSTATE ASSET MANAGEMENT LP Sold out -7,500,000-7.5m
Alberta Investment Management Corp Sold out -7,000,000-7.0m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -6,220,000-6.2m
STATE STREET CORP Reduced -4,850,000-4.8m
Thrivent Financial for Lutherans Reduced -4,400,000-4.4m
NOMURA ASSET MANAGEMENT CO LTD Sold out -4,000,000-4.0m
Dorsal Capital Management, LP Sold out -4,000,000-4.0m

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.12% of their portfolio ATLANTA, GA 100,165,000100.2m $116.0m $116.0m 0.12% Added +4.1m +4,100,000
2 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 72,000,00072.0m $83.4m $83.4m 0.04% Unchanged
3 MacKay Shields LLC 1.53% of their portfolio New York, NY 48,219,00048.2m $55.8m $55.8m 1.53% Reduced -284.0k -284,000
4 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 29,472,00029.5m $34.1m $34.1m 0.04% Reduced -27.2m -27,236,000
5 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 26,348,00026.3m $29.8m $29.8m 0.00% Added +403.0k +403,000
6 BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio PARIS, I0 25,098,00025.1m $28.7m $28.7m 0.06% Added +9.6m +9,648,000
7 MANUFACTURERS LIFE INSURANCE COMPANY, THE 1.07% of their portfolio Toronto, A6 16,355,00016.4m $1.9bn $1.9bn 1.07% Unchanged
8 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 14,208,00014.2m $16.3m $16.3m 0.04% Reduced -4.4m -4,400,000
9 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 12,400,00012.4m $14.3m $14.3m 0.02% Reduced -100.0k -100,000
10 SSI INVESTMENT MANAGEMENT LLC 0.86% of their portfolio Los Angeles, CA 10,721,00010.7m $12.3m $12.3m 0.86% Added +1.9m +1,856,000
11 BlackRock Inc. 0.00% of their portfolio New York, NY 9,502,0009.5m $10.9m $10.9m 0.00% Added +4.5m +4,500,000
12 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 8,410,0008.4m $9.7m $9.7m 0.00% Unchanged
13 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 8,350,0008.3m $9.6m $9.6m 0.02% Reduced -450.0k -450,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,640,0007.6m $8.8m $8.8m 0.00% Reduced -4.8m -4,850,000
15 AXA S.A. 0.03% of their portfolio PARIS, I0 7,000,0007.0m $8.0m $8.0m 0.03% Unchanged
16 CQS (US), LLC 0.98% of their portfolio NEW YORK, NY 6,750,0006.8m $7.8m $7.8m 0.98% Added +2.0m +2,000,000
17 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 6,725,0006.7m $7.7m $7.7m 0.00% Added +6.5m +6,494,000
18 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 6,206,0006.2m $7.1m $7.1m 0.04% Added +880.0k +880,000
19 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 6,092,0006.1m $7.0m $7.0m 0.01% Added +265.0k +265,000
20 SHENKMAN CAPITAL MANAGEMENT INC 0.46% of their portfolio NEW YORK, NY 5,304,0005.3m $6.1m $6.1m 0.46% Reduced -1.8m -1,756,000
21 Amundi 0.00% of their portfolio Paris, I0 5,000,0005.0m $5.7m $5.7m 0.00% Added +2.0m +2,000,000
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,638,0003.6m $4.2m $4.2m 0.00% Reduced -2.0m -2,020,000
23 Lombard Odier Asset Management (Europe) Ltd 0.18% of their portfolio LONDON, X0 3,000,0003.0m $3.5m $3.5m 0.18% New
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,867,0002.9m $3.3m $3.3m 0.00% Reduced -10.0m -9,980,000
25 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,668,0002.7m $3.1m $3.1m 0.00% Added +989.0k +989,000
26 JUPITER ASSET MANAGEMENT LTD 0.04% of their portfolio London, X0 2,400,0002.4m $2.8m $2.8m 0.04% Unchanged
27 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 2,200,0002.2m $2.5m $2.5m 0.00% New
28 Man Group plc 0.01% of their portfolio LONDON, X0 2,100,0002.1m $2.4m $2.4m 0.01% Reduced -1.1m -1,100,000
29 CAMDEN ASSET MANAGEMENT L P /CA 0.07% of their portfolio Los Angeles, CA 1,725,0001.7m $2.0m $2.0m 0.07% Reduced -1.2m -1,250,000
30 ADVENT CAPITAL MANAGEMENT /DE/ 0.03% of their portfolio NEW YORK, NY 1,550,0001.6m $1.8m $1.8m 0.03% Reduced -6.2m -6,220,000
31 OAKTREE CAPITAL MANAGEMENT LP 0.02% of their portfolio LOS ANGELES, CA 1,500,0001.5m $1.7m $1.7m 0.02% Reduced -900.0k -900,000
32 Nicholas Investment Partners, LP 0.13% of their portfolio RANCHO SANTA FE, CA 1,460,0001.5m $1.7m $1.7m 0.13% Added +1.2m +1,250,000
33 FMR LLC 0.00% of their portfolio BOSTON, MA 650,000650.0k $746.3k $746.3k 0.00% Added +325.0k +325,000
34 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 525,000525.0k $598.3k $598.3k 0.00% Unchanged
35 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 505,000505.0k $579.8k $579.8k 0.00% Added +25.0k +25,000
36 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 500,000500.0k $572.4k $572.4k 0.00% Reduced -500.0k -500,000
37 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 395,000395.0k $453.5k $453.5k 0.00% Unchanged
38 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 318,000318.0k $365.9k $365.9k 0.00% Added +309.0k +309,000
39 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 208,000208.0k $238.8k $238.8k 0.01% Added +34.0k +34,000
40 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $230.1k $230.1k 0.00% Unchanged
41 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $232.0k $232.0k 0.00% Unchanged
42 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 108,000108.0k $125.1k $125.1k 0.00% Unchanged
43 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 88,00088.0k $101.0k $101.0k 0.00% Added +9.0k +9,000
44 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 50,00050.0k $60.7k $60.7k 0.00% New
45 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 41,00041.0k $47.1k $47.1k 0.00% Unchanged
46 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 35,00035.0k $40.2k $40.2k 0.00% Unchanged
47 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 30,00030.0k $34.5k $34.5k 0.01% Unchanged
48 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 16,00016.0k $18.4k $18.4k 0.00% Unchanged
49 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 12,00012.0k $14.0k $14.0k 0.00% Unchanged
50 Iron Horse Wealth Management, LLC 0.01% of their portfolio JOHSTON, IA 12,00012.0k $13.8k $13.8k 0.01% New
51 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 5,0005.0k $574.1k $574.1k 0.00% New
52 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,0005.0k $6.0k $6.0k 0.00% Unchanged
53 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged