Vault-13

LIBERTY MEDIA CORP DEL SIRI 3.75 03.15.28

NOTE 3.750% 3/1 · US DOMESTIC · CUSIP 531229AP7

38 institutional holders +2 vs Q4 2024
2,270,0002.3m shares reported held*
$581.8mreported value*
8 new 10 added 8 reduced 4 sold out net bought ≈ $5.0m (+1.8m 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 ≈ $256.31.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q1 24: 34Q2 24: 41Q3 24: 37Q4 24: 36Q1 25: 3838Q1 24Q2 24Q3 24Q4 24Q1 25
Numbers
QuarterHolders
Q1 202434
Q2 202441
Q3 202437
Q4 202436
Q1 202538

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 24 bought or addedQ2 24: 15 cut or sold outQ2 24Q3 24: 18 bought or addedQ3 24: 20 cut or sold outQ3 24Q4 24: 16 bought or addedQ4 24: 19 cut or sold outQ4 24Q1 25: 18 bought or addedQ1 25: 12 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20242415
Q3 20241820
Q4 20241619
Q1 20251812

Biggest buyers

Linden Advisors LP Added +21,500,000+21.5m
AQR Arbitrage LLC New +19,550,000+19.6m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +10,000,000+10.0m
WOLVERINE ASSET MANAGEMENT LLC New +8,750,000+8.8m
BANK OF MONTREAL /CAN/ Added +7,194,000+7.2m
LAZARD ASSET MANAGEMENT LLC Added +6,603,000+6.6m
Walleye Capital LLC New +5,000,000+5.0m
CITIGROUP INC Added +3,058,000+3.1m
SUSQUEHANNA ADVISORS GROUP, INC. New +2,500,000+2.5m
BANK OF AMERICA CORP /DE/ Added +2,500,000+2.5m

Biggest sellers

D. E. Shaw & Co., Inc. Reduced -30,250,000-30.2m
GLAZER CAPITAL, LLC Sold out -24,868,000-24.9m
MILLENNIUM MANAGEMENT LLC Sold out -8,750,000-8.8m
CITADEL ADVISORS LLC Sold out -7,000,000-7.0m
CSS LLC/IL Reduced -6,847,000-6.8m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -4,759,000-4.8m
Rokos Capital Management LLP Reduced -3,752,000-3.8m
ZAZOVE ASSOCIATES LLC Reduced -2,500,000-2.5m
STATE STREET CORP Reduced -1,000,000-1.0m
Jump Financial, LLC Reduced -500,000-500.0k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.86% of their portfolio New York, NY 264,910,000264.9m $274.6m $274.6m 1.86% Added +21.5m +21,500,000
2 ZAZOVE ASSOCIATES LLC 2.95% of their portfolio INCLINE VILLAGE, NV 33,231,00033.2m $34.4m $34.4m 2.95% Reduced -2.5m -2,500,000
3 MacKay Shields LLC 1.00% of their portfolio New York, NY 29,835,00029.8m $31.0m $31.0m 1.00% Unchanged
4 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 25,000,00025.0m $26.0m $26.0m 0.01% Unchanged
5 Alberta Investment Management Corp 0.18% of their portfolio EDMONTON, A0 25,000,00025.0m $25.9m $25.9m 0.18% Unchanged
6 AQR Arbitrage LLC 0.49% of their portfolio Greenwich, CT 19,550,00019.6m $20.3m $20.3m 0.49% New
7 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 17,292,00017.3m $17.9m $17.9m 0.02% Reduced -30.2m -30,250,000
8 HBK INVESTMENTS L P 0.26% of their portfolio DALLAS, TX 14,600,00014.6m $15.1m $15.1m 0.26% Unchanged
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 13,674,00013.7m $14.2m $14.2m 0.00% Added +1.2m +1,195,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,059,00012.1m $12.5m $12.5m 0.00% Reduced -1.0m -1,000,000
11 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio TORONTO, A6 10,000,00010.0m $10.4m $10.4m 0.02% New
12 WOLVERINE ASSET MANAGEMENT LLC 0.18% of their portfolio CHICAGO, IL 8,750,0008.8m $9.1m $9.1m 0.18% New
13 SHENKMAN CAPITAL MANAGEMENT INC 0.89% of their portfolio NEW YORK, NY 8,096,0008.1m $8.7m $8.7m 0.89% Reduced -4.8m -4,759,000
14 Jump Financial, LLC 0.00% of their portfolio Chicago, IL 7,500,0007.5m $77.9k $77.9k 0.00% Reduced -500.0k -500,000
15 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 7,298,0007.3m $7.6m $7.6m 0.00% Added +7.2m +7,194,000
16 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 6,742,0006.7m $7.0m $7.0m 0.01% Added +6.6m +6,603,000
17 ARISTEIA CAPITAL, L.L.C. 0.19% of their portfolio GREENWICH, CT 6,000,0006.0m $6.2m $6.2m 0.19% Unchanged
18 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,694,0005.7m $5.9m $5.9m 0.00% Reduced -125.0k -125,000
19 SSI INVESTMENT MANAGEMENT LLC 0.42% of their portfolio Los Angeles, CA 5,250,0005.2m $5.4m $5.4m 0.42% Added +2.0m +2,000,000
20 ADVENT CAPITAL MANAGEMENT /DE/ 0.12% of their portfolio NEW YORK, NY 5,147,0005.1m $5.3m $5.3m 0.12% Unchanged
21 Walleye Capital LLC 0.06% of their portfolio NEW YORK, NY 5,000,0005.0m $5.2m $5.2m 0.06% New
22 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,081,0003.1m $3.2m $3.2m 0.00% Added +3.1m +3,058,000
23 Man Group plc 0.01% of their portfolio LONDON, X0 2,750,0002.8m $2.8m $2.8m 0.01% Unchanged
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,568,0002.6m $2.7m $2.7m 0.00% Added +2.5m +2,500,000
25 CSS LLC/IL 0.18% of their portfolio CHICAGO, IL 2,500,0002.5m $2.6m $2.6m 0.18% Reduced -6.8m -6,847,000
26 SUSQUEHANNA ADVISORS GROUP, INC. 0.00% of their portfolio BALA CYNWYD, PA 2,500,0002.5m $26.1k $26.1k 0.00% New
27 RWC Asset Management LLP 0.13% of their portfolio LONDON, X0 2,500,0002.5m $2.6m $2.6m 0.13% Unchanged
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,092,0002.1m $2.2m $2.2m 0.00% Added +158.0k +158,000
29 ANGELO GORDON & CO., L.P. 0.36% of their portfolio NEW YORK, NY 2,000,0002.0m $2.1m $2.1m 0.36% New
30 Cutler Capital Management, LLC 0.50% of their portfolio WORCESTER, MA 1,400,0001.4m $1.5m $1.5m 0.50% Unchanged
31 Wellesley Asset Management 0.12% of their portfolio PORTSMOUTH, NH 1,151,0001.2m $1.2m $1.2m 0.12% Added +911.0k +911,000
32 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 1,031,0001.0m $1.1m $1.1m 0.02% New
33 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 500,000500.0k $517.9k $517.9k 0.00% Added +200.0k +200,000
34 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 250,000250.0k $259.2k $259.2k 0.00% Unchanged
35 Walleye Trading LLC 0.02% of their portfolio NEW YORK, NY 38,90038.9k $877.0k $877.0k 0.02% New
36 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 20,00020.0k $20.8k $20.8k 0.00% Unchanged
37 Rokos Capital Management LLP 0.42% of their portfolio LONDON, X0 15,00015.0k $15.5m $15.5m 0.42% Reduced -3.8m -3,752,000
38 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged