Vault-13

FLUOR CORP FLR 1.125 08.15.29

NOTE 1.125% 8/1 · US DOMESTIC · CUSIP 343412AJ1

64 institutional holders +4 vs Q1 2026
26,198,56926.2m shares reported held*
$788.8mreported value*
10 new 17 added 23 reduced 6 sold out net sold ≈ $19.2m (-8.0m 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 ($893.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.90.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 24: 47Q4 24: 53Q1 25: 62Q2 25: 69Q3 25: 64Q4 25: 67Q1 26: 60Q2 26: 6464Q3 24Q1 25Q3 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 202447
Q4 202453
Q1 202562
Q2 202569
Q3 202564
Q4 202567
Q1 202660
Q2 202664

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 24: 25 bought or addedQ4 24: 24 cut or sold outQ4 24Q1 25: 35 bought or addedQ1 25: 27 cut or sold outQ2 25: 34 bought or addedQ2 25: 35 cut or sold outQ2 25Q3 25: 31 bought or addedQ3 25: 32 cut or sold outQ4 25: 27 bought or addedQ4 25: 33 cut or sold outQ4 25Q1 26: 22 bought or addedQ1 26: 32 cut or sold outQ2 26: 27 bought or addedQ2 26: 29 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 20242524
Q1 20253527
Q2 20253435
Q3 20253132
Q4 20252733
Q1 20262232
Q2 20262729

Biggest buyers

TWO SIGMA INVESTMENTS, LP Added +18,796,000+18.8m
Opti Capital Management, LP New +18,500,000+18.5m
SSI INVESTMENT MANAGEMENT LLC New +6,556,000+6.6m
MILLENNIUM MANAGEMENT LLC Added +5,000,000+5.0m
Polar Capital Holdings Plc New +4,000,000+4.0m
Wellesley Asset Management Added +3,450,000+3.5m
CAMDEN ASSET MANAGEMENT L P /CA Added +3,309,000+3.3m
BARCLAYS PLC New +3,296,000+3.3m
WOLVERINE ASSET MANAGEMENT LLC Added +3,255,000+3.3m
CAPSTONE INVESTMENT ADVISORS, LLC Added +3,113,000+3.1m

Biggest sellers

ZAZOVE ASSOCIATES LLC Reduced -42,380,000-42.4m
BNP PARIBAS FINANCIAL MARKETS Reduced -10,760,000-10.8m
WELLS FARGO & COMPANY/MN Reduced -9,064,000-9.1m
LAZARD ASSET MANAGEMENT LLC Reduced -8,074,000-8.1m
Polar Capital Holdings Plc Sold out -6,500,000-6.5m
SSI INVESTMENT MANAGEMENT LLC Sold out -4,620,000-4.6m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -4,339,000-4.3m
WELLINGTON MANAGEMENT GROUP LLP Reduced -4,082,000-4.1m
FRANKLIN RESOURCES INC Reduced -3,321,000-3.3m
Universal- Beteiligungs- und Servicegesellschaft mbH Reduced -2,800,000-2.8m

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WOLVERINE ASSET MANAGEMENT LLC 0.91% of their portfolio CHICAGO, IL 52,529,00052.5m $69.7m $69.7m 0.91% Added +3.3m +3,255,000
2 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 50,000,00050.0m $66.3m $66.3m 0.01% Reduced -3.3m -3,321,000
3 Calamos Advisors LLC 0.19% of their portfolio NAPERVILLE, IL 39,189,00039.2m $51.9m $51.9m 0.19% Reduced -580.0k -580,000
4 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 38,796,00038.8m $51.3m $51.3m 0.04% Added +18.8m +18,796,000
5 ZAZOVE ASSOCIATES LLC 4.10% of their portfolio INCLINE VILLAGE, NV 37,865,00037.9m $50.1m $50.1m 4.10% Reduced -42.4m -42,380,000
6 MacKay Shields LLC 1.16% of their portfolio New York, NY 26,167,00026.2m $34.7m $34.7m 1.16% Reduced -145.0k -145,000
7 MARINER INVESTMENT GROUP LLC 7.81% of their portfolio NEW YORK, NY 25,100,00025.1m $33.3m $33.3m 7.81% Unchanged
8 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 25,000,00025.0m $33.2m $33.2m 0.02% Added +5.0m +5,000,000
9 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 22,050,00022.1m $29.3m $29.3m 0.01% Added +50.0k +50,000
10 CAMDEN ASSET MANAGEMENT L P /CA 0.80% of their portfolio Los Angeles, CA 20,659,00020.7m $27.3m $27.3m 0.80% Added +3.3m +3,309,000
11 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 20,387,00020.4m $27.1m $27.1m 0.05% Reduced -2.4m -2,400,000
12 TENOR CAPITAL MANAGEMENT Co., L.P. 0.38% of their portfolio NEW YORK, NY 20,000,00020.0m $26.6m $26.6m 0.38% Reduced -352.0k -352,000
13 Opti Capital Management, LP 1.50% of their portfolio New York, NY 18,500,00018.5m $24.6m $24.6m 1.50% New
14 CAPSTONE INVESTMENT ADVISORS, LLC 0.17% of their portfolio NEW YORK, NY 18,113,00018.1m $24.0m $24.0m 0.17% Added +3.1m +3,113,000
15 ABSOLUTE INVESTMENT ADVISERS, LLC 1.91% of their portfolio ROSEMARY BEACH, FL 14,889,00014.9m $19.7m $19.7m 1.91% Added +1.0m +1,000,000
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 14,643,00014.6m $19.4m $19.4m 0.00% Added +2.3m +2,300,000
17 KIM, LLC 2.35% of their portfolio WICHITA, KS 13,000,00013.0m $17.2m $17.2m 2.35% Added +1.0m +1,000,000
18 BlackRock, Inc. 0.00% of their portfolio New York, NY 11,395,00011.4m $15.1m $15.1m 0.00% Added +2.3m +2,275,000
19 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 11,379,00011.4m $15.1m $15.1m 0.00% Reduced -4.1m -4,082,000
20 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 11,000,00011.0m $14.6m $14.6m 0.00% Added +3.0m +2,996,000
21 GABELLI FUNDS LLC 0.07% of their portfolio Rye, NY 8,700,0008.7m $11.5m $11.5m 0.07% Unchanged
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,216,0008.2m $11.1m $11.1m 0.00% Reduced -372.0k -372,000
23 Wellesley Asset Management 0.73% of their portfolio PORTSMOUTH, NH 7,645,0007.6m $8.0m $8.0m 0.73% Added +3.5m +3,450,000
24 FMR LLC 0.00% of their portfolio BOSTON, MA 7,619,0007.6m $10.1m $10.1m 0.00% Reduced -80.0k -80,000
25 SSI INVESTMENT MANAGEMENT LLC 0.50% of their portfolio Los Angeles, CA 6,556,0006.6m $8.7m $8.7m 0.50% New
26 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 6,530,0006.5m $8.7m $8.7m 0.00% Reduced -9.1m -9,064,000
27 MIZUHO SECURITIES USA LLC 0.05% of their portfolio NEW YORK, NY 4,508,0004.5m $5.5m $5.5m 0.05% Unchanged
28 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 4,000,0004.0m $5.3m $5.3m 0.01% Added +1.0m +1,000,000
29 Polar Capital Holdings Plc 0.02% of their portfolio London, X0 4,000,0004.0m $5.3m $5.3m 0.02% New
30 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 3,424,0003.4m $4.6m $4.6m 0.00% Reduced -10.8m -10,760,000
31 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 3,296,0003.3m $4.4m $4.4m 0.00% New
32 ADVENT CAPITAL MANAGEMENT /DE/ 0.09% of their portfolio NEW YORK, NY 3,108,0003.1m $4.1m $4.1m 0.09% Reduced -4.3m -4,339,000
33 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,750,0002.8m $3.6m $3.6m 0.00% Reduced -1.2m -1,250,000
34 Warberg Asset Management LLC 0.98% of their portfolio WINNETKA, IL 2,500,0002.5m $3.3m $3.3m 0.98% New
35 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 2,394,0002.4m $3.2m $3.2m 0.00% Reduced -33.0k -33,000
36 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,750,0001.8m $2.3m $2.3m 0.00% Unchanged
37 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,650,0001.6m $2.2m $2.2m 0.01% Unchanged
38 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,378,0001.4m $18.3k $18.3k 0.00% Reduced -8.1m -8,074,000
39 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,344,0001.3m $1.8m $1.8m 0.00% New
40 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,338,0001.3m $1.8m $1.8m 0.00% Reduced -1.2m -1,165,000
41 OAKTREE CAPITAL MANAGEMENT LP 0.03% of their portfolio LOS ANGELES, CA 1,271,0001.3m $1.7m $1.7m 0.03% Reduced -100.0k -100,000
42 Sphera Management Technology Funds Ltd 0.51% of their portfolio TEL AVIV, L3 1,100,0001.1m $1.5m $1.5m 0.51% New
43 RWC Asset Management LLP 0.05% of their portfolio LONDON, X0 1,088,0001.1m $1.4m $1.4m 0.05% Reduced -77.0k -77,000
44 SHENKMAN CAPITAL MANAGEMENT INC 0.19% of their portfolio NEW YORK, NY 1,003,0001.0m $1.3m $1.3m 0.19% Reduced -500.0k -500,000
45 Police & Firemen's Retirement System of New Jersey 0.01% of their portfolio TRENTON, NJ 676,000676.0k $893.9k $893.9k 0.01% Unchanged
46 Calamos Wealth Management LLC 0.03% of their portfolio NAPERVILLE, IL 637,000637.0k $842.8k $842.8k 0.03% Added +30.0k +30,000
47 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 600,000600.0k $796.2k $796.2k 0.00% Unchanged
48 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 533,000533.0k $705.2k $705.2k 0.00% Unchanged
49 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 500,000500.0k $663.7k $663.7k 0.00% Reduced -2.8m -2,800,000
50 DNCA FINANCE 0.03% of their portfolio PARIS, I0 450,000450.0k $599.0k $599.0k 0.03% Unchanged
51 Central Pacific Bank - Trust Division 0.05% of their portfolio HONOLULU, HI 351,000351.0k $464.4k $464.4k 0.05% Added +94.0k +94,000
52 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 300,000300.0k $396.9k $396.9k 0.00% Unchanged
53 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 245,000245.0k $325.1k $325.1k 0.01% New
54 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 213,631213.6k $11.2m $11.2m 0.01% Added +38.4k +38,441
55 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 196,000196.0k $259.3k $259.3k 0.00% Unchanged
56 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 153,000153.0k $202.4k $202.4k 0.00% Reduced -3.0k -3,000
57 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 49,00049.0k $64.8k $64.8k 0.00% Unchanged
58 UBS Group AG 0.00% of their portfolio ZURICH, V8 37,00037.0k $49.0k $49.0k 0.00% Unchanged
59 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 33,00033.0k $43.5k $43.5k 0.00% New
60 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 18,00018.0k $23.8k $23.8k 0.00% New
61 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 11,70011.7k $1.6m $1.6m 0.00% Reduced -49.4k -49,400
62 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 9,1619.2k $479.9k $479.9k 0.00% Added +2.8k +2,761
63 K2 PRINCIPAL FUND, L.P. 0.73% of their portfolio TORONTO, A6 6,0006.0k $7.9m $7.9m 0.73% Unchanged
64 ODDO BHF ASSET MANAGEMENT SAS 0.03% of their portfolio PARIS, I0 408408 $543.1k $543.1k 0.03% Reduced -50 -50