Vault-13

BURLINGTON STORES INC BURL 2.25 04.15.25

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

33 institutional holders -1 vs Q1 2024
3,167,4553.2m shares reported held*
$192.3mreported value*
5 new 8 added 12 reduced 6 sold out net bought ≈ $12.0m (-2.4m 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 ($11.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $64.38.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 62Q4 22: 64Q1 23: 53Q2 23: 54Q3 23: 39Q4 23: 38Q1 24: 34Q2 24: 3333Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202262
Q4 202264
Q1 202353
Q2 202354
Q3 202339
Q4 202338
Q1 202434
Q2 202433

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 outQ2 23: 20 bought or addedQ2 23: 22 cut or sold outQ2 23Q3 23: 12 bought or addedQ3 23: 37 cut or sold outQ4 23: 15 bought or addedQ4 23: 17 cut or sold outQ4 23Q1 24: 17 bought or addedQ1 24: 24 cut or sold outQ2 24: 13 bought or addedQ2 24: 18 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222721
Q1 20232230
Q2 20232022
Q3 20231237
Q4 20231517
Q1 20241724
Q2 20241318

Biggest buyers

DeepCurrents Investment Group LLC Added +26,535,000+26.5m
CITADEL ADVISORS LLC New +13,000,000+13.0m
Verition Fund Management LLC Added +8,019,000+8.0m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +5,500,000+5.5m
BANK OF AMERICA CORP /DE/ Added +5,467,000+5.5m
TWO SIGMA INVESTMENTS, LP New +4,500,000+4.5m
Jefferies Financial Group Inc. New +3,227,000+3.2m
SILVERBACK ASSET MANAGEMENT LLC New +3,000,000+3.0m
BANK OF MONTREAL /CAN/ New +2,700,000+2.7m
ADVENT CAPITAL MANAGEMENT /DE/ Added +1,100,000+1.1m

Biggest sellers

Centiva Capital, LP Sold out -13,300,000-13.3m
Wellesley Asset Management Reduced -11,495,000-11.5m
LAZARD ASSET MANAGEMENT LLC Sold out -10,780,000-10.8m
FRANKLIN RESOURCES INC Reduced -10,000,000-10.0m
AXA S.A. Sold out -7,600,000-7.6m
JPMORGAN CHASE & CO Reduced -2,814,000-2.8m
MILLENNIUM MANAGEMENT LLC Reduced -2,500,000-2.5m
Thrivent Financial for Lutherans Reduced -2,375,000-2.4m
JUPITER ASSET MANAGEMENT LTD Sold out -1,800,000-1.8m
MORGAN STANLEY Reduced -1,673,000-1.7m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 DeepCurrents Investment Group LLC 1.53% of their portfolio NEW YORK, NY 32,285,00032.3m $38.0m $38.0m 1.53% Added +26.5m +26,535,000
2 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 20,010,00020.0m $23.5m $23.5m 0.02% Reduced -2.5m -2,500,000
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 19,224,00019.2m $22.6m $22.6m 0.00% Added +5.5m +5,467,000
4 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 13,000,00013.0m $15.3m $15.3m 0.02% New
5 Verition Fund Management LLC 0.09% of their portfolio GREENWICH, CT 9,832,0009.8m $11.6m $11.6m 0.09% Added +8.0m +8,019,000
6 CQS (US), LLC 2.79% of their portfolio NEW YORK, NY 8,750,0008.8m $10.2m $10.2m 2.79% Unchanged
7 SHENKMAN CAPITAL MANAGEMENT INC 0.91% of their portfolio NEW YORK, NY 8,676,0008.7m $10.5m $10.5m 0.91% Added +920.0k +920,000
8 TENOR CAPITAL MANAGEMENT Co., L.P. 0.14% of their portfolio NEW YORK, NY 7,500,0007.5m $8.9m $8.9m 0.14% Added +5.5m +5,500,000
9 Wellesley Asset Management 0.91% of their portfolio PORTSMOUTH, NH 7,333,0007.3m $8.6m $8.6m 0.91% Reduced -11.5m -11,495,000
10 Amundi 0.00% of their portfolio Paris, I0 7,000,0007.0m $8.1m $8.1m 0.00% Unchanged
11 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 4,500,0004.5m $5.3m $5.3m 0.01% New
12 Walleye Capital LLC 0.05% of their portfolio NEW YORK, NY 4,000,0004.0m $4.7m $4.7m 0.05% Unchanged
13 Jefferies Financial Group Inc. 0.08% of their portfolio NEW YORK, NY 3,227,0003.2m $3.8m $3.8m 0.08% New
14 CAMDEN ASSET MANAGEMENT L P /CA 0.11% of their portfolio Los Angeles, CA 3,025,0003.0m $3.6m $3.6m 0.11% Reduced -175.0k -175,000
15 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 3,013,0003.0m $3.5m $3.5m 0.01% Reduced -2.4m -2,375,000
16 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 3,000,0003.0m $3.6m $3.6m 0.00% Reduced -10.0m -10,000,000
17 SILVERBACK ASSET MANAGEMENT LLC 0.43% of their portfolio DURHAM, NC 3,000,0003.0m $3.5m $3.5m 0.43% New
18 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,700,0002.7m $3.2m $3.2m 0.00% New
19 ADVENT CAPITAL MANAGEMENT /DE/ 0.07% of their portfolio NEW YORK, NY 2,600,0002.6m $3.1m $3.1m 0.07% Added +1.1m +1,100,000
20 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,329,0001.3m $1.6m $1.6m 0.00% Added +927.0k +927,000
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 862,000862.0k $1.0m $1.0m 0.00% Reduced -1.7m -1,673,000
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 484,000484.0k $569.5k $569.5k 0.00% Reduced -2.8m -2,814,000
23 SSI INVESTMENT MANAGEMENT LLC 0.04% of their portfolio Los Angeles, CA 394,000394.0k $462.8k $462.8k 0.04% Reduced -8.0k -8,000
24 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 150,000150.0k $176.6k $176.6k 0.00% Reduced -44.0k -44,000
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 145,000145.0k $170.3k $170.3k 0.00% Unchanged
26 Fox Hill Wealth Management 0.10% of their portfolio DEDHAM, MA 135,000135.0k $156.4k $156.4k 0.10% Reduced -8.0k -8,000
27 Virtus Investment Advisers, LLC 0.04% of their portfolio HARTFORD, CT 42,00042.0k $49.3k $49.3k 0.04% Unchanged
28 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 41,00041.0k $48.2k $48.2k 0.00% Unchanged
29 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 14,00014.0k $16.4k $16.4k 0.00% Reduced -2.0k -2,000
30 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 14,00014.0k $1.6m $1.6m 0.01% Added +4.0k +4,000
31 Alpine Global Management, LLC 1.12% of their portfolio NEW YORK, NY 5,4555.5k $6.4m $6.4m 1.12% Unchanged
32 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,0005.0k $6.0k $6.0k 0.00% Reduced -9.0k -9,000
33 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged