Vault-13

LIBERTY MEDIA CORP DEL SIRI 3.75 03.15.28

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

32 institutional holders -6 vs Q1 2025
250,000250.0k shares reported held*
$609.6mreported value*
8 new 7 added 6 reduced 14 sold out net bought ≈ $40.9m (-2.0m 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 ≈ $2438.38.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q1 24: 34Q2 24: 41Q3 24: 37Q4 24: 36Q1 25: 38Q2 25: 3232Q1 24Q2 24Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q1 202434
Q2 202441
Q3 202437
Q4 202436
Q1 202538
Q2 202532

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 25Q2 25: 15 bought or addedQ2 25: 20 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q2 20242415
Q3 20241820
Q4 20241619
Q1 20251812
Q2 20251520

Biggest buyers

CITADEL ADVISORS LLC New +62,350,000+62.4m
LAZARD ASSET MANAGEMENT LLC Added +22,699,000+22.7m
Linden Advisors LP Added +13,300,000+13.3m
MILLENNIUM MANAGEMENT LLC New +10,800,000+10.8m
TORONTO DOMINION BANK New +10,062,000+10.1m
JPMORGAN CHASE & CO Added +7,033,000+7.0m
UBS Group AG New +6,985,000+7.0m
DEUTSCHE BANK AG\ New +5,654,000+5.7m
KIM, LLC New +5,000,000+5.0m
MORGAN STANLEY New +1,500,000+1.5m

Biggest sellers

ZAZOVE ASSOCIATES LLC Reduced -29,931,000-29.9m
AQR Arbitrage LLC Sold out -19,550,000-19.6m
D. E. Shaw & Co., Inc. Sold out -17,292,000-17.3m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Sold out -10,000,000-10.0m
WOLVERINE ASSET MANAGEMENT LLC Sold out -8,750,000-8.8m
Jump Financial, LLC Sold out -7,500,000-7.5m
ARISTEIA CAPITAL, L.L.C. Sold out -6,000,000-6.0m
WELLS FARGO & COMPANY/MN Reduced -4,890,000-4.9m
CITIGROUP INC Sold out -3,081,000-3.1m
BANK OF AMERICA CORP /DE/ Reduced -2,548,000-2.5m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.78% of their portfolio New York, NY 278,210,000278.2m $290.4m $290.4m 1.78% Added +13.3m +13,300,000
2 CITADEL ADVISORS LLC 0.06% of their portfolio MIAMI, FL 62,350,00062.4m $65.0m $65.0m 0.06% New
3 MacKay Shields LLC 1.00% of their portfolio New York, NY 29,835,00029.8m $31.1m $31.1m 1.00% Unchanged
4 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 29,441,00029.4m $30.7m $30.7m 0.04% Added +22.7m +22,699,000
5 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 25,000,00025.0m $26.0m $26.0m 0.01% Unchanged
6 Alberta Investment Management Corp 0.20% of their portfolio EDMONTON, A0 25,000,00025.0m $26.1m $26.1m 0.20% Unchanged
7 HBK INVESTMENTS L P 0.27% of their portfolio DALLAS, TX 14,600,00014.6m $15.2m $15.2m 0.27% Unchanged
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,034,00011.0m $11.6m $11.6m 0.00% Reduced -1.0m -1,025,000
9 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 10,800,00010.8m $11.3m $11.3m 0.01% New
10 TORONTO DOMINION BANK 0.02% of their portfolio TORONTO, ONTARIO, A6 10,062,00010.1m $10.4m $10.4m 0.02% New
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 9,125,0009.1m $9.5m $9.5m 0.00% Added +7.0m +7,033,000
12 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,784,0008.8m $9.1m $9.1m 0.00% Reduced -4.9m -4,890,000
13 SHENKMAN CAPITAL MANAGEMENT INC 0.87% of their portfolio NEW YORK, NY 8,311,0008.3m $8.8m $8.8m 0.87% Added +215.0k +215,000
14 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 7,298,0007.3m $7.6m $7.6m 0.00% Unchanged
15 UBS Group AG 0.00% of their portfolio ZURICH, V8 6,985,0007.0m $7.3m $7.3m 0.00% New
16 SSI INVESTMENT MANAGEMENT LLC 0.42% of their portfolio Los Angeles, CA 5,750,0005.8m $6.0m $6.0m 0.42% Added +500.0k +500,000
17 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 5,654,0005.7m $5.9m $5.9m 0.00% New
18 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,569,0005.6m $5.8m $5.8m 0.00% Reduced -125.0k -125,000
19 ADVENT CAPITAL MANAGEMENT /DE/ 0.12% of their portfolio NEW YORK, NY 5,147,0005.1m $5.4m $5.4m 0.12% Unchanged
20 Walleye Capital LLC 0.05% of their portfolio NEW YORK, NY 5,000,0005.0m $5.2m $5.2m 0.05% Unchanged
21 KIM, LLC 0.54% of their portfolio WICHITA, KS 5,000,0005.0m $5.2m $5.2m 0.54% New
22 ZAZOVE ASSOCIATES LLC 0.28% of their portfolio INCLINE VILLAGE, NV 3,300,0003.3m $3.4m $3.4m 0.28% Reduced -29.9m -29,931,000
23 Cutler Capital Management, LLC 0.92% of their portfolio WORCESTER, MA 2,538,0002.5m $2.6m $2.6m 0.92% Added +1.1m +1,138,000
24 Jefferies Financial Group Inc. 0.04% of their portfolio NEW YORK, NY 2,508,0002.5m $2.6m $2.6m 0.04% Added +1.5m +1,477,000
25 RWC Asset Management LLP 0.14% of their portfolio LONDON, X0 2,500,0002.5m $2.6m $2.6m 0.14% Unchanged
26 Man Group plc 0.00% of their portfolio LONDON, X0 2,100,0002.1m $2.2m $2.2m 0.00% Reduced -650.0k -650,000
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,500,0001.5m $1.6m $1.6m 0.00% New
28 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 500,000500.0k $518.6k $518.6k 0.00% Unchanged
29 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 250,000250.0k $259.8k $259.8k 0.00% Unchanged
30 Murchinson Ltd. 0.14% of their portfolio TORONTO, A6 250,000250.0k $263.4k $263.4k 0.14% New
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 20,00020.0k $20.8k $20.8k 0.00% Reduced -2.5m -2,548,000
32 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged