Vault-13

BURLINGTON STORES INC BURL 1.25 12.15.27

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

24 institutional holders -7 vs Q4 2025
7,360,6877.4m shares reported held*
$313.6mreported value*
3 new 6 added 4 reduced 9 sold out net sold ≈ $116.4m (+5.9m 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 ($1.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $42.48.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

02040Q3 24: 32Q4 24: 34Q1 25: 32Q2 25: 32Q3 25: 29Q4 25: 31Q1 26: 2424Q3 24Q1 25Q3 25Q1 26
Numbers
QuarterHolders
Q3 202432
Q4 202434
Q1 202532
Q2 202532
Q3 202529
Q4 202531
Q1 202624

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 25Q4 25: 11 bought or addedQ4 25: 8 cut or sold outQ4 25Q1 26: 9 bought or addedQ1 26: 13 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q4 20241518
Q1 20251414
Q2 20251514
Q3 20251412
Q4 2025118
Q1 2026913

Biggest buyers

VOYA INVESTMENT MANAGEMENT LLC Added +11,000,000+11.0m
ADVENT CAPITAL MANAGEMENT /DE/ Added +3,500,000+3.5m
SSI INVESTMENT MANAGEMENT LLC New +3,455,000+3.5m
Polar Capital Holdings Plc New +2,500,000+2.5m
LORD, ABBETT & CO. LLC New +1,282,000+1.3m
BlackRock, Inc. Added +975,000+975.0k
Thrivent Financial for Lutherans Added +300,000+300.0k
FRANKLIN RESOURCES INC Added +195,000+195.0k
LOOMIS SAYLES & CO L P Added +6,075+6.1k

Biggest sellers

TWO SIGMA INVESTMENTS, LP Sold out -27,730,000-27.7m
Alberta Investment Management Corp Sold out -27,000,000-27.0m
TENOR CAPITAL MANAGEMENT Co., L.P. Sold out -12,500,000-12.5m
BANK OF MONTREAL /CAN/ Sold out -9,500,000-9.5m
FMR LLC Sold out -7,331,000-7.3m
SSI INVESTMENT MANAGEMENT LLC Sold out -3,440,000-3.4m
WELLS FARGO & COMPANY/MN Sold out -3,021,000-3.0m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -1,180,000-1.2m
MORGAN STANLEY Reduced -977,000-977.0k
PALISADE CAPITAL MANAGEMENT, LP Sold out -970,000-970.0k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 56,864,00056.9m $94.1m $94.1m 0.02% Added +195.0k +195,000
2 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 31,000,00031.0m $51.1m $51.1m 0.01% Unchanged
3 MacKay Shields LLC 1.24% of their portfolio New York, NY 20,379,00020.4m $33.7m $33.7m 1.24% Unchanged
4 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 18,495,00018.5m $30.6m $30.6m 0.03% Added +11.0m +11,000,000
5 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 12,485,00012.5m $20.7m $20.7m 0.02% Reduced -1.2m -1,180,000
6 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 8,853,0008.9m $14.6m $14.6m 0.03% Added +300.0k +300,000
7 ADVENT CAPITAL MANAGEMENT /DE/ 0.25% of their portfolio NEW YORK, NY 5,000,0005.0m $8.3m $8.3m 0.25% Added +3.5m +3,500,000
8 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,675,0004.7m $7.7m $7.7m 0.00% Added +975.0k +975,000
9 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 4,005,0004.0m $6.6m $6.6m 0.00% Unchanged
10 SSI INVESTMENT MANAGEMENT LLC 0.39% of their portfolio Los Angeles, CA 3,455,0003.5m $5.7m $5.7m 0.39% New
11 Nicholas Investment Partners, LP 0.36% of their portfolio RANCHO SANTA FE, CA 3,000,0003.0m $5.0m $5.0m 0.36% Unchanged
12 Polar Capital Holdings Plc 0.02% of their portfolio London, X0 2,500,0002.5m $4.0m $4.0m 0.02% New
13 LORD, ABBETT & CO. LLC 0.01% of their portfolio JERSEY CITY, NJ 1,282,0001.3m $2.1m $2.1m 0.01% New
14 Police & Firemen's Retirement System of New Jersey 0.02% of their portfolio TRENTON, NJ 1,079,0001.1m $1.8m $1.8m 0.02% Unchanged
15 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 750,000750.0k $1.2m $1.2m 0.01% Unchanged
16 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 235,000235.0k $387.8k $387.8k 0.00% Unchanged
17 Central Pacific Bank - Trust Division 0.04% of their portfolio HONOLULU, HI 189,000189.0k $311.9k $311.9k 0.04% Unchanged
18 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 173,000173.0k $285.4k $285.4k 0.00% Unchanged
19 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 150,000150.0k $239.1k $239.1k 0.00% Reduced -50.0k -50,000
20 LOOMIS SAYLES & CO L P 0.03% of their portfolio BOSTON, MA 63,51263.5k $20.7m $20.7m 0.03% Added +6.1k +6,075
21 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 60,00060.0k $99.0k $99.0k 0.00% Unchanged
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 35,00035.0k $57.8k $57.8k 0.00% Reduced -977.0k -977,000
23 VIRTUS ADVISERS, LLC 0.01% of their portfolio HARTFORD, CT 16,00016.0k $26.4k $26.4k 0.01% Unchanged
24 Boussard & Gavaudan Investment Management LLP 0.58% of their portfolio London, X0 3,6873.7k $6.0m $6.0m 0.58% Reduced -15.8k -15,781