Vault-13

BURLINGTON STORES INC BURL 1.25 12.15.27

NOTE 1.250%12/1 · US DOMESTIC · CUSIP 122017AD8

29 institutional holders -3 vs Q2 2025
395,615395.6k shares reported held*
$366.9mreported value*
3 new 11 added 6 reduced 6 sold out net sold ≈ $30.3m (-3.1m 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 ≈ $927.49.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

02040Q3 24: 32Q4 24: 34Q1 25: 32Q2 25: 32Q3 25: 2929Q3 24Q4 24Q1 25Q2 25Q3 25
Numbers
QuarterHolders
Q3 202432
Q4 202434
Q1 202532
Q2 202532
Q3 202529

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 24: 15 bought or addedQ4 24: 18 cut or sold outQ4 24Q1 25: 14 bought or addedQ1 25: 14 cut or sold outQ1 25Q2 25: 15 bought or addedQ2 25: 14 cut or sold outQ2 25Q3 25: 14 bought or addedQ3 25: 12 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20241518
Q1 20251414
Q2 20251514
Q3 20251412

Biggest buyers

TWO SIGMA INVESTMENTS, LP New +22,480,000+22.5m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +14,100,000+14.1m
VOYA INVESTMENT MANAGEMENT LLC Added +4,400,000+4.4m
Alberta Investment Management Corp Added +3,000,000+3.0m
WELLS FARGO & COMPANY/MN Added +2,628,000+2.6m
Thrivent Financial for Lutherans Added +1,515,000+1.5m
MORGAN STANLEY New +1,000,000+1.0m
Nicholas Investment Partners, LP Added +750,000+750.0k
FRANKLIN RESOURCES INC Added +540,000+540.0k
JANE STREET GROUP, LLC Added +208,000+208.0k

Biggest sellers

Nuveen, LLC Sold out -33,000,000-33.0m
Man Group plc Sold out -11,681,000-11.7m
GLAZER CAPITAL, LLC Sold out -8,914,000-8.9m
ADVENT CAPITAL MANAGEMENT /DE/ Sold out -7,645,000-7.6m
AMERIPRISE FINANCIAL INC Reduced -4,000,000-4.0m
MIZUHO SECURITIES USA LLC Sold out -3,065,000-3.1m
WESTWOOD HOLDINGS GROUP INC Sold out -2,500,000-2.5m
JPMORGAN CHASE & CO Reduced -1,597,000-1.6m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -530,000-530.0k
PALISADE CAPITAL MANAGEMENT, LP Reduced -500,000-500.0k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 56,669,00056.7m $76.6m $76.6m 0.02% Added +540.0k +540,000
2 Alberta Investment Management Corp 0.26% of their portfolio EDMONTON, A0 27,000,00027.0m $36.4m $36.4m 0.26% Added +3.0m +3,000,000
3 Davidson Kempner Capital Management LP 0.47% of their portfolio New York, NY 25,000,00025.0m $33.7m $33.7m 0.47% Not comparable
4 TENOR CAPITAL MANAGEMENT Co., L.P. 0.40% of their portfolio NEW YORK, NY 22,500,00022.5m $30.5m $30.5m 0.40% Added +14.1m +14,100,000
5 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 22,480,00022.5m $30.3m $30.3m 0.05% New
6 MacKay Shields LLC 0.95% of their portfolio New York, NY 20,561,00020.6m $27.8m $27.8m 0.95% Unchanged
7 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 18,550,00018.6m $25.1m $25.1m 0.03% Added +4.4m +4,400,000
8 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 13,665,00013.7m $18.5m $18.5m 0.02% Reduced -530.0k -530,000
9 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 9,500,0009.5m $12.8m $12.8m 0.01% Unchanged
10 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 8,165,0008.2m $11.0m $11.0m 0.02% Added +1.5m +1,515,000
11 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 4,005,0004.0m $5.4m $5.4m 0.00% Unchanged
12 FMR LLC 0.00% of their portfolio BOSTON, MA 4,003,0004.0m $5.4m $5.4m 0.00% Reduced -85.0k -85,000
13 SSI INVESTMENT MANAGEMENT LLC 0.32% of their portfolio Los Angeles, CA 3,440,0003.4m $4.6m $4.6m 0.32% Unchanged
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,021,0003.0m $4.1m $4.1m 0.00% Added +2.6m +2,628,000
15 Nicholas Investment Partners, LP 0.31% of their portfolio RANCHO SANTA FE, CA 3,000,0003.0m $4.0m $4.0m 0.31% Added +750.0k +750,000
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,825,0002.8m $3.8m $3.8m 0.00% Reduced -200.0k -200,000
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $1.3m $1.3m 0.00% New
18 PALISADE CAPITAL MANAGEMENT, LP 0.04% of their portfolio FORT LEE, NJ 1,000,0001.0m $1.4m $1.4m 0.04% Reduced -500.0k -500,000
19 AGF MANAGEMENT LTD 0.00% of their portfolio TORONTO, A6 750,000750.0k $1.0m $1.0m 0.00% Added +25.0k +25,000
20 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 544,000544.0k $729.6k $729.6k 0.00% Added +10.0k +10,000
21 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 398,000398.0k $536.7k $536.7k 0.00% Added +208.0k +208,000
22 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 235,000235.0k $316.4k $316.4k 0.00% Reduced -4.0m -4,000,000
23 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $270.0k $270.0k 0.00% Unchanged
24 Central Pacific Bank - Trust Division 0.03% of their portfolio HONOLULU, HI 189,000189.0k $254.5k $254.5k 0.03% Unchanged
25 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 173,000173.0k $232.9k $232.9k 0.00% Unchanged
26 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 128,000128.0k $172.8k $172.8k 0.00% Reduced -1.6m -1,597,000
27 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 60,00060.0k $80.8k $80.8k 0.00% Unchanged
28 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 28,00028.0k $37.8k $37.8k 0.00% New
29 Boussard & Gavaudan Investment Management LLP 3.79% of their portfolio London, X0 22,61522.6k $30.6m $30.6m 3.79% Added +5.1k +5,065