Vault-13

BURLINGTON STORES INC BURL 2.25 04.15.25

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

38 institutional holders -1 vs Q3 2023
22,599,00022.6m shares reported held*
$193.7mreported value*
5 new 10 added 10 reduced 7 sold out net sold ≈ $2.1m (-8.1m 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 ≈ $8.57.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 62Q4 22: 64Q1 23: 53Q2 23: 54Q3 23: 39Q4 23: 3838Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202262
Q4 202264
Q1 202353
Q2 202354
Q3 202339
Q4 202338

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 23Q3 23: 12 bought or addedQ3 23: 37 cut or sold outQ3 23Q4 23: 15 bought or addedQ4 23: 17 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222721
Q1 20232230
Q2 20232022
Q3 20231237
Q4 20231517

Biggest buyers

AXA S.A. Added +9,200,000+9.2m
JPMORGAN CHASE & CO Added +5,226,000+5.2m
CITADEL ADVISORS LLC Added +3,937,000+3.9m
SHENKMAN CAPITAL MANAGEMENT INC Added +2,839,000+2.8m
Amundi Added +2,000,000+2.0m
CQS (US), LLC Added +2,000,000+2.0m
MILLENNIUM MANAGEMENT LLC Added +1,380,000+1.4m
CAMDEN ASSET MANAGEMENT L P /CA Added +1,200,000+1.2m
MIZUHO SECURITIES USA LLC New +888,000+888.0k
D.A. DAVIDSON & CO. New +110,000+110.0k

Biggest sellers

SCHRODER INVESTMENT MANAGEMENT GROUP Sold out -11,125,000-11.1m
Thrivent Financial for Lutherans Reduced -7,400,000-7.4m
BNP PARIBAS FINANCIAL MARKETS Sold out -4,739,000-4.7m
MORGAN STANLEY Reduced -4,000,000-4.0m
Wellesley Asset Management Reduced -3,656,958-3.7m
Fort Baker Capital Management LP Reduced -1,680,000-1.7m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -692,000-692.0k
BANK OF AMERICA CORP /DE/ Reduced -470,000-470.0k
MacKay Shields LLC Reduced -421,000-421.0k
AMERICAN CENTURY COMPANIES INC Sold out -108,000-108.0k

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Wellesley Asset Management 2.88% of their portfolio PORTSMOUTH, NH 26,725,36026.7m $28.9m $28.9m 2.88% Reduced -3.7m -3,656,958
2 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 21,220,00021.2m $23.0m $23.0m 0.02% Added +1.4m +1,380,000
3 AXA S.A. 0.03% of their portfolio PARIS, I0 17,800,00017.8m $19.4m $19.4m 0.03% Added +9.2m +9,200,000
4 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 17,000,00017.0m $18.4m $18.4m 0.01% Unchanged
5 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 15,000,00015.0m $16.2m $16.2m 0.02% Added +3.9m +3,937,000
6 Fort Baker Capital Management LP 1.31% of their portfolio Larkspur, CA 9,639,0009.6m $10.5m $10.5m 1.31% Reduced -1.7m -1,680,000
7 CQS (US), LLC 1.04% of their portfolio NEW YORK, NY 8,750,0008.8m $9.5m $9.5m 1.04% Added +2.0m +2,000,000
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,884,0007.9m $8.6m $8.6m 0.00% Added +5.2m +5,226,000
9 Amundi 0.00% of their portfolio Paris, I0 7,000,0007.0m $7.6m $7.6m 0.00% Added +2.0m +2,000,000
10 ADVENT CAPITAL MANAGEMENT /DE/ 0.17% of their portfolio NEW YORK, NY 6,607,0006.6m $7.2m $7.2m 0.17% Reduced -692.0k -692,000
11 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 5,956,0006.0m $6.4m $6.4m 0.00% Unchanged
12 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 5,653,0005.7m $6.1m $6.1m 0.01% Reduced -7.4m -7,400,000
13 SHENKMAN CAPITAL MANAGEMENT INC 0.44% of their portfolio NEW YORK, NY 5,612,0005.6m $6.2m $6.2m 0.44% Added +2.8m +2,839,000
14 MacKay Shields LLC 0.16% of their portfolio New York, NY 4,957,0005.0m $5.3m $5.3m 0.16% Reduced -421.0k -421,000
15 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,722,0004.7m $5.1m $5.1m 0.00% Reduced -470.0k -470,000
16 PALISADE CAPITAL MANAGEMENT, LP 0.09% of their portfolio FORT LEE, NJ 3,100,0003.1m $3.4m $3.4m 0.09% Unchanged
17 CAMDEN ASSET MANAGEMENT L P /CA 0.10% of their portfolio Los Angeles, CA 2,875,0002.9m $3.1m $3.1m 0.10% Added +1.2m +1,200,000
18 JUPITER ASSET MANAGEMENT LTD 0.03% of their portfolio London, X0 2,400,0002.4m $2.6m $2.6m 0.03% Unchanged
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,690,0001.7m $1.8m $1.8m 0.00% Reduced -4.0m -4,000,000
20 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,537,0001.5m $1.7m $1.7m 0.00% Reduced -85.0k -85,000
21 MIZUHO SECURITIES USA LLC 0.02% of their portfolio NEW YORK, NY 888,000888.0k $957.2k $957.2k 0.02% New
22 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 498,000498.0k $539.2k $539.2k 0.00% Unchanged
23 SSI INVESTMENT MANAGEMENT LLC 0.03% of their portfolio Los Angeles, CA 405,000405.0k $435.4k $435.4k 0.03% Reduced -43.0k -43,000
24 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 164,000164.0k $176.3k $176.3k 0.00% Added +20.0k +20,000
25 Fox Hill Wealth Management 0.12% of their portfolio DEDHAM, MA 148,000148.0k $159.7k $159.7k 0.12% First filing
26 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 145,000145.0k $155.9k $155.9k 0.00% Unchanged
27 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 110,000110.0k $118.7k $118.7k 0.00% New
28 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 53,00053.0k $57.0k $57.0k 0.00% Added +18.0k +18,000
29 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 42,00042.0k $45.1k $45.1k 0.03% New
30 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 41,00041.0k $44.1k $44.1k 0.00% Unchanged
31 SMI Advisory Services, LLC 0.01% of their portfolio COLUMBUS, IN 38,00038.0k $41.2k $41.2k 0.01% New
32 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 26,00026.0k $28.1k $28.1k 0.01% Unchanged
33 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 16,00016.0k $17.2k $17.2k 0.00% Unchanged
34 WADE G W & INC 0.00% of their portfolio Wellesley, MA 14,00014.0k $15.0k $15.0k 0.00% New
35 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 12,00012.0k $12.9k $12.9k 0.00% Reduced -2.0k -2,000
36 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,0005.0k $5.0k $5.0k 0.00% Unchanged
37 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2,0002.0k $2.1k $2.1k 0.00% Unchanged
38 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged