Vault-13

GREENBRIER COS INC GBX 2.875 04.15.28

NOTE 2.875% 4/1 · US DOMESTIC · CUSIP 393657AM3

40 institutional holders +0 vs Q1 2026
12,271,39012.3m shares reported held*
$407.0mreported value*
9 new 7 added 8 reduced 11 sold out net sold ≈ $20.8m (-6.0m 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. Holder counts are more reliable. Implied quarter-end price ≈ $33.16.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 53Q4 22: 53Q1 23: 45Q2 23: 54Q3 23: 54Q4 23: 56Q1 24: 52Q2 24: 51Q3 24: 52Q4 24: 56Q1 25: 53Q2 25: 52Q3 25: 47Q4 25: 50Q1 26: 40Q2 26: 4040Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202253
Q4 202253
Q1 202345
Q2 202354
Q3 202354
Q4 202356
Q1 202452
Q2 202451
Q3 202452
Q4 202456
Q1 202553
Q2 202552
Q3 202547
Q4 202550
Q1 202640
Q2 202640

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 18 bought or addedQ3 24: 17 cut or sold outQ4 24: 19 bought or addedQ4 24: 20 cut or sold outQ4 24Q1 25: 17 bought or addedQ1 25: 27 cut or sold outQ2 25: 20 bought or addedQ2 25: 18 cut or sold outQ2 25Q3 25: 18 bought or addedQ3 25: 15 cut or sold outQ4 25: 15 bought or addedQ4 25: 20 cut or sold outQ4 25Q1 26: 18 bought or addedQ1 26: 19 cut or sold outQ2 26: 16 bought or addedQ2 26: 19 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241817
Q4 20241920
Q1 20251727
Q2 20252018
Q3 20251815
Q4 20251520
Q1 20261819
Q2 20261619

Biggest buyers

Opti Capital Management, LP New +22,810,000+22.8m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +17,066,000+17.1m
LAZARD ASSET MANAGEMENT LLC Added +7,511,000+7.5m
STATE STREET CORP Added +2,400,000+2.4m
D. E. Shaw & Co., Inc. Added +2,000,000+2.0m
BlackRock, Inc. Added +1,775,000+1.8m
Weiss Asset Management LP Added +1,500,000+1.5m
SSI INVESTMENT MANAGEMENT LLC New +205,000+205.0k
Virtus Fixed Income Advisers, LLC New +199,000+199.0k
LPL Financial LLC New +35,000+35.0k

Biggest sellers

TWO SIGMA INVESTMENTS, LP Sold out -22,224,000-22.2m
BNP PARIBAS FINANCIAL MARKETS Reduced -14,526,000-14.5m
AMERIPRISE FINANCIAL INC Sold out -10,000,000-10.0m
JPMORGAN CHASE & CO Reduced -5,238,000-5.2m
SSI INVESTMENT MANAGEMENT LLC Sold out -3,969,000-4.0m
UBS Group AG Sold out -2,896,000-2.9m
ABSOLUTE INVESTMENT ADVISERS, LLC Reduced -2,000,000-2.0m
LORD, ABBETT & CO. LLC Sold out -1,890,000-1.9m
Thrivent Financial for Lutherans Reduced -1,537,000-1.5m
Wellesley Asset Management Reduced -1,471,000-1.5m

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.30% of their portfolio NEW YORK, NY 80,000,00080.0m $92.2m $92.2m 1.30% Added +17.1m +17,066,000
2 Weiss Asset Management LP 0.79% of their portfolio BOSTON, MA 61,697,00061.7m $70.8m $70.8m 0.79% Added +1.5m +1,500,000
3 Wellesley Asset Management 2.80% of their portfolio PORTSMOUTH, NH 26,998,00027.0m $30.6m $30.6m 2.80% Reduced -1.5m -1,471,000
4 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 24,652,00024.7m $28.3m $28.3m 0.02% Added +2.0m +2,000,000
5 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 23,284,00023.3m $26.6m $26.6m 0.01% Reduced -14.5m -14,526,000
6 Opti Capital Management, LP 1.60% of their portfolio New York, NY 22,810,00022.8m $26.2m $26.2m 1.60% New
7 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 22,102,00022.1m $252.8k $252.8k 0.00% Added +7.5m +7,511,000
8 MacKay Shields LLC 0.73% of their portfolio New York, NY 19,032,00019.0m $21.8m $21.8m 0.73% Unchanged
9 Nykredit A/S 0.06% of their portfolio NORDHAVN, G7 16,000,00016.0m $18.5m $18.5m 0.06% First filing
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 15,670,00015.7m $17.9m $17.9m 0.00% Reduced -5.2m -5,238,000
11 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 12,934,00012.9m $14.8m $14.8m 0.02% Reduced -1.5m -1,537,000
12 ABSOLUTE INVESTMENT ADVISERS, LLC 1.30% of their portfolio ROSEMARY BEACH, FL 11,795,00011.8m $13.5m $13.5m 1.30% Reduced -2.0m -2,000,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 9,562,0009.6m $11.0m $11.0m 0.00% Added +2.4m +2,400,000
14 BlackRock, Inc. 0.00% of their portfolio New York, NY 7,673,0007.7m $8.8m $8.8m 0.00% Added +1.8m +1,775,000
15 ADVENT CAPITAL MANAGEMENT /DE/ 0.13% of their portfolio NEW YORK, NY 4,900,0004.9m $5.6m $5.6m 0.13% Unchanged
16 FMR LLC 0.00% of their portfolio BOSTON, MA 4,127,0004.1m $4.7m $4.7m 0.00% Reduced -15.0k -15,000
17 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 2,331,0002.3m $2.7m $2.7m 0.00% Reduced -281.0k -281,000
18 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 236,000236.0k $269.4k $269.4k 0.00% Unchanged
19 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 223,000223.0k $256.0k $256.0k 0.00% Unchanged
20 SSI INVESTMENT MANAGEMENT LLC 0.01% of their portfolio Los Angeles, CA 205,000205.0k $234.0k $234.0k 0.01% New
21 Virtus Fixed Income Advisers, LLC 0.14% of their portfolio HARTFORD, CT 199,000199.0k $227.1k $227.1k 0.14% New
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 188,000188.0k $214.6k $214.6k 0.00% Unchanged
23 Cutler Capital Management, LLC 0.03% of their portfolio WORCESTER, MA 117,000117.0k $133.5k $133.5k 0.03% Unchanged
24 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 100,000100.0k $114.1k $114.1k 0.00% Unchanged
25 Mariner, LLC 0.00% of their portfolio Overland Park, KS 66,00066.0k $75.7k $75.7k 0.00% Unchanged
26 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 52,00052.0k $59.4k $59.4k 0.00% Unchanged
27 VIRTUS ADVISERS, LLC 0.02% of their portfolio HARTFORD, CT 46,00046.0k $52.5k $52.5k 0.02% Unchanged
28 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 42,00042.0k $47.9k $47.9k 0.00% Unchanged
29 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 38,00038.0k $43.4k $43.4k 0.00% Unchanged
30 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 35,00035.0k $40.2k $40.2k 0.00% New
31 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 32,00032.0k $36.7k $36.7k 0.00% Unchanged
32 F/m Investments LLC 0.00% of their portfolio WASHINGTON, DC 29,00029.0k $33.2k $33.2k 0.00% New
33 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 21,00021.0k $24.0k $24.0k 0.00% New
34 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 21,00021.0k $2.4m $2.4m 0.00% Reduced -45.9k -45,850
35 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 21,00021.0k $24.1k $24.1k 0.00% Unchanged
36 J.W. COLE ADVISORS, INC. 0.00% of their portfolio TAMPA, FL 19,00019.0k $21.7k $21.7k 0.00% New
37 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 15,00015.0k $17.3k $17.3k 0.00% New
38 BOUSSARD & GAVAUDAN GESTION SAS 0.31% of their portfolio PARIS, I0 5,3905.4k $6.2m $6.2m 0.31% First filing
39 Alken Asset Management Ltd 2.12% of their portfolio LONDON, X0 1,6501.6k $1.9m $1.9m 2.12% Added +100 +100
40 Intellectus Partners, LLC 0.04% of their portfolio SAN FRANCISCO, CA 199199 $228.3k $228.3k 0.04% New