Vault-13

BURLINGTON STORES INC BURL 2.25 04.15.25

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

54 institutional holders +1 vs Q1 2023
27,071,00027.1m shares reported held*
$2.1bnreported value*
7 new 13 added 15 reduced 7 sold out net sold ≈ $8.1m (+3.5m 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 ≈ $78.00.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 62Q4 22: 64Q1 23: 53Q2 23: 5454Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202262
Q4 202264
Q1 202353
Q2 202354

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 23Q2 23: 20 bought or addedQ2 23: 22 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222721
Q1 20232230
Q2 20232022

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 —Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$559.5k—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$0—

Biggest buyers

ADVENT CAPITAL MANAGEMENT /DE/ Added +56,927,000+56.9m
MILLENNIUM MANAGEMENT LLC New +17,500,000+17.5m
Lombard Odier Asset Management (Europe) Ltd Added +11,934,000+11.9m
SHENKMAN CAPITAL MANAGEMENT INC Added +7,611,000+7.6m
NEW YORK STATE COMMON RETIREMENT FUND New +5,677,000+5.7m
AMERIPRISE FINANCIAL INC Added +4,500,000+4.5m
STATE STREET CORP Added +3,300,000+3.3m
Flow State Investments, L.P. New +3,000,000+3.0m
MORGAN STANLEY Added +1,282,000+1.3m
Man Group plc Added +795,000+795.0k

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -48,815,000-48.8m
BNP PARIBAS FINANCIAL MARKETS Sold out -25,098,000-25.1m
MacKay Shields LLC Reduced -23,130,000-23.1m
BlackRock Inc. Reduced -7,250,000-7.2m
Calamos Advisors LLC Reduced -5,708,000-5.7m
JPMORGAN CHASE & CO Reduced -2,531,000-2.5m
JANE STREET GROUP, LLC Sold out -2,200,000-2.2m
OAKTREE CAPITAL MANAGEMENT LP Sold out -1,500,000-1.5m
Nicholas Investment Partners, LP Sold out -1,460,000-1.5m
LAZARD ASSET MANAGEMENT LLC Reduced -900,000-900.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 72,000,00072.0m $75.2m $75.2m 0.04% Unchanged
2 ADVENT CAPITAL MANAGEMENT /DE/ 1.22% of their portfolio NEW YORK, NY 58,477,00058.5m $61.1m $61.1m 1.22% Added +56.9m +56,927,000
3 VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio ATLANTA, GA 51,350,00051.4m $53.6m $53.6m 0.06% Reduced -48.8m -48,815,000
4 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 28,572,00028.6m $29.8m $29.8m 0.04% Reduced -900.0k -900,000
5 MacKay Shields LLC 0.73% of their portfolio New York, NY 25,089,00025.1m $26.1m $26.1m 0.73% Reduced -23.1m -23,130,000
6 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 23,817,00023.8m $24.7m $24.7m 0.00% Reduced -2.5m -2,531,000
7 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 17,500,00017.5m $18.2m $18.2m 0.02% New
8 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.92% of their portfolio Toronto, A6 15,855,00015.9m $1.7bn $1.7bn 0.92% Reduced -500.0k -500,000
9 Lombard Odier Asset Management (Europe) Ltd 0.75% of their portfolio LONDON, X0 14,934,00014.9m $15.5m $15.5m 0.75% Added +11.9m +11,934,000
10 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 14,408,00014.4m $14.9m $14.9m 0.03% Added +200.0k +200,000
11 SHENKMAN CAPITAL MANAGEMENT INC 1.05% of their portfolio NEW YORK, NY 12,915,00012.9m $13.5m $13.5m 1.05% Added +7.6m +7,611,000
12 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 12,400,00012.4m $12.9m $12.9m 0.02% Unchanged
13 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 11,225,00011.2m $11.6m $11.6m 0.00% Added +4.5m +4,500,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,940,00010.9m $11.4m $11.4m 0.00% Added +3.3m +3,300,000
15 SSI INVESTMENT MANAGEMENT LLC 0.76% of their portfolio Los Angeles, CA 10,458,00010.5m $10.8m $10.8m 0.76% Reduced -263.0k -263,000
16 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 8,410,0008.4m $8.7m $8.7m 0.00% Unchanged
17 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 8,350,0008.3m $8.7m $8.7m 0.01% Unchanged
18 AXA S.A. 0.02% of their portfolio PARIS, I0 7,100,0007.1m $7.4m $7.4m 0.02% Added +100.0k +100,000
19 CQS (US), LLC 0.84% of their portfolio NEW YORK, NY 6,750,0006.8m $7.0m $7.0m 0.84% Unchanged
20 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 6,092,0006.1m $6.3m $6.3m 0.01% Unchanged
21 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 5,677,0005.7m $5.9m $5.9m 0.01% New
22 Amundi 0.00% of their portfolio Paris, I0 5,675,0005.7m $5.9m $5.9m 0.00% Added +675.0k +675,000
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,920,0004.9m $5.1m $5.1m 0.00% Added +1.3m +1,282,000
24 Flow State Investments, L.P. 1.32% of their portfolio CHICAGO, IL 3,000,0003.0m $3.1m $3.1m 1.32% New
25 Man Group plc 0.01% of their portfolio LONDON, X0 2,895,0002.9m $3.0m $3.0m 0.01% Added +795.0k +795,000
26 JUPITER ASSET MANAGEMENT LTD 0.03% of their portfolio London, X0 2,400,0002.4m $2.5m $2.5m 0.03% Unchanged
27 BlackRock Inc. 0.00% of their portfolio New York, NY 2,252,0002.3m $2.3m $2.3m 0.00% Reduced -7.2m -7,250,000
28 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,249,0002.2m $2.3m $2.3m 0.00% Reduced -419.0k -419,000
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,162,0002.2m $2.2m $2.2m 0.00% Reduced -705.0k -705,000
30 CAMDEN ASSET MANAGEMENT L P /CA 0.06% of their portfolio Los Angeles, CA 1,775,0001.8m $1.8m $1.8m 0.06% Added +50.0k +50,000
31 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 498,000498.0k $516.5k $516.5k 0.00% Reduced -5.7m -5,708,000
32 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 425,000425.0k $437.5k $437.5k 0.00% Reduced -100.0k -100,000
33 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 395,000395.0k $408.6k $408.6k 0.00% Unchanged
34 FMR LLC 0.00% of their portfolio BOSTON, MA 325,000325.0k $336.2k $336.2k 0.00% Reduced -325.0k -325,000
35 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 314,000314.0k $324.8k $324.8k 0.00% Reduced -191.0k -191,000
36 Wellesley Asset Management 0.02% of their portfolio PORTSMOUTH, NH 295,000295.0k $305.9k $305.9k 0.02% New
37 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 221,000221.0k $229.3k $229.3k 0.00% Reduced -97.0k -97,000
38 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 208,000208.0k $215.2k $215.2k 0.01% Unchanged
39 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $207.5k $207.5k 0.00% Unchanged
40 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $209.0k $209.0k 0.00% Unchanged
41 COMERICA BANK 0.00% of their portfolio DALLAS, TX 187,000187.0k $0 $0 0.00% First filing
42 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 109,000109.0k $112.7k $112.7k 0.00% Added +21.0k +21,000
43 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 108,000108.0k $112.8k $112.8k 0.00% Unchanged
44 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 41,00041.0k $42.4k $42.4k 0.00% Unchanged
45 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 35,00035.0k $36.2k $36.2k 0.00% Unchanged
46 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 33,00033.0k $34.0k $34.0k 0.00% Added +21.0k +21,000
47 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 27,00027.0k $28.0k $28.0k 0.01% Reduced -3.0k -3,000
48 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 16,00016.0k $16.6k $16.6k 0.00% Unchanged
49 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 14,00014.0k $14.5k $14.5k 0.00% New
50 Iron Horse Wealth Management, LLC 0.01% of their portfolio JOHSTON, IA 12,00012.0k $12.4k $12.4k 0.01% Unchanged
51 UBS Group AG 0.00% of their portfolio ZURICH, V8 11,00011.0k $11.4k $11.4k 0.00% New
52 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,0005.0k $5.0k $5.0k 0.00% Unchanged
53 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 4,0004.0k $413.8k $413.8k 0.00% New
54 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged