Vault-13

LIVE NATION ENTERTAINMENT IN LYV 2 02.15.25

NOTE 2.000% 2/1 · US DOMESTIC · CUSIP 538034AU3

46 institutional holders -4 vs Q1 2023
51,249,00051.2m shares reported held*
$428.3mreported value*
7 new 14 added 8 reduced 11 sold out net bought ≈ $53.9m (+28.6m 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 ($6.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.48.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 46Q4 22: 42Q1 23: 50Q2 23: 4646Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202246
Q4 202242
Q1 202350
Q2 202346

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 17 bought or addedQ4 22: 23 cut or sold outQ4 22Q1 23: 29 bought or addedQ1 23: 19 cut or sold outQ1 23Q2 23: 21 bought or addedQ2 23: 19 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221723
Q1 20232919
Q2 20232119

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60mQ3 22 calls: $0Q3 22 puts: $42.9mQ3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$42.9m—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$0—

Biggest buyers

VOYA INVESTMENT MANAGEMENT LLC Added +32,000,000+32.0m
LORD, ABBETT & CO. LLC New +17,410,000+17.4m
LORD, ABBETT & CO. LLC New +17,410,000+17.4m
DeepCurrents Investment Group LLC Added +9,500,000+9.5m
Thrivent Financial for Lutherans New +8,500,000+8.5m
STATE STREET CORP Added +3,000,000+3.0m
PALISADE CAPITAL MANAGEMENT, LP Added +2,590,000+2.6m
Fort Baker Capital Management LP Added +1,675,000+1.7m
TRUIST FINANCIAL CORP New +1,536,000+1.5m
SHENKMAN CAPITAL MANAGEMENT INC Added +1,327,000+1.3m

Biggest sellers

LAZARD ASSET MANAGEMENT LLC Reduced -16,500,000-16.5m
Nuveen Asset Management, LLC Sold out -15,000,000-15.0m
TWO SIGMA INVESTMENTS, LP Sold out -7,500,000-7.5m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -6,675,000-6.7m
Centiva Capital, LP Reduced -5,000,000-5.0m
WELLS FARGO & COMPANY/MN Reduced -4,638,000-4.6m
Man Group plc Sold out -2,500,000-2.5m
Magnetar Financial LLC Sold out -2,000,000-2.0m
Invesco Ltd. Sold out -1,125,000-1.1m
JANE STREET GROUP, LLC Sold out -1,000,000-1.0m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.14% of their portfolio ATLANTA, GA 122,750,000122.8m $130.9m $130.9m 0.14% Added +32.0m +32,000,000
2 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 47,487,00047.5m $46.5m $46.5m 0.02% Unchanged
3 Calamos Advisors LLC 0.10% of their portfolio NAPERVILLE, IL 18,522,00018.5m $19.7m $19.7m 0.10% Added +1.2m +1,231,000
4 DeepCurrents Investment Group LLC 0.81% of their portfolio NEW YORK, NY 17,638,00017.6m $18.8m $18.8m 0.81% Added +9.5m +9,500,000
5 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 17,410,00017.4m $18.5m $18.5m 0.03% New
6 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 17,410,00017.4m $18.5m $18.5m 0.03% New
7 SHENKMAN CAPITAL MANAGEMENT INC 1.43% of their portfolio NEW YORK, NY 17,071,00017.1m $18.3m $18.3m 1.43% Added +1.3m +1,327,000
8 ADVENT CAPITAL MANAGEMENT /DE/ 0.35% of their portfolio NEW YORK, NY 16,523,00016.5m $17.6m $17.6m 0.35% Reduced -348.0k -348,000
9 Fort Baker Capital Management LP 2.42% of their portfolio Larkspur, CA 15,911,00015.9m $17.1m $17.1m 2.42% Added +1.7m +1,675,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,118,00010.1m $10.8m $10.8m 0.00% Added +3.0m +3,000,000
11 TENOR CAPITAL MANAGEMENT Co., L.P. 0.22% of their portfolio NEW YORK, NY 10,000,00010.0m $10.7m $10.7m 0.22% Unchanged
12 PALISADE CAPITAL MANAGEMENT, LP 0.25% of their portfolio FORT LEE, NJ 8,805,0008.8m $9.4m $9.4m 0.25% Added +2.6m +2,590,000
13 M&G INVESTMENT MANAGEMENT LTD 0.05% of their portfolio London, X0 8,653,0008.7m $9.2m $9.2m 0.05% Unchanged
14 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 8,565,0008.6m $9.1m $9.1m 0.01% Reduced -16.5m -16,500,000
15 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 8,500,0008.5m $9.0m $9.0m 0.02% New
16 NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio TOKYO, M0 7,000,0007.0m $7.4m $7.4m 0.03% Unchanged
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,691,0006.7m $6.6m $6.6m 0.00% Added +1.2m +1,181,000
18 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 6,000,0006.0m $6.4m $6.4m 0.01% Added +879.0k +879,000
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,227,0005.2m $5.5m $5.5m 0.00% Added +64.0k +64,000
20 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 5,200,0005.2m $5.5m $5.5m 0.01% Reduced -500.0k -500,000
21 Centiva Capital, LP 0.27% of their portfolio New York, NY 5,000,0005.0m $5.3m $5.3m 0.27% Reduced -5.0m -5,000,000
22 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 4,000,0004.0m $4.2m $4.2m 0.00% Added +500.0k +500,000
23 EDMOND DE ROTHSCHILD HOLDING S.A. 0.07% of their portfolio CHAMBESY, V8 3,195,0003.2m $3.4m $3.4m 0.07% Unchanged
24 JUPITER ASSET MANAGEMENT LTD 0.03% of their portfolio London, X0 3,000,0003.0m $3.2m $3.2m 0.03% Unchanged
25 Kohlberg Kravis Roberts & Co. L.P. 0.09% of their portfolio NEW YORK, NY 2,581,0002.6m $2.8m $2.8m 0.09% Added +1.3m +1,300,000
26 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 2,322,0002.3m $2.5m $2.5m 0.00% Unchanged
27 BlackRock Inc. 0.00% of their portfolio New York, NY 2,288,0002.3m $2.4m $2.4m 0.00% Reduced -75.0k -75,000
28 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 1,536,0001.5m $1.6m $1.6m 0.00% New
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,215,0001.2m $1.3m $1.3m 0.00% New
30 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,000,0001.0m $1.1m $1.1m 0.00% Unchanged
31 LBP AM SA 0.03% of their portfolio Paris, I0 1,000,0001.0m $1.1m $1.1m 0.03% Unchanged
32 Calamos Wealth Management LLC 0.05% of their portfolio NAPERVILLE, IL 647,000647.0k $688.7k $688.7k 0.05% Added +186.0k +186,000
33 FMR LLC 0.00% of their portfolio BOSTON, MA 543,000543.0k $576.4k $576.4k 0.00% Reduced -649.0k -649,000
34 KORNITZER CAPITAL MANAGEMENT INC /KS 0.01% of their portfolio SHAWNEE MISSION, KS 500,000500.0k $530.8k $530.8k 0.01% Unchanged
35 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 450,000450.0k $478.1k $478.1k 0.00% Unchanged
36 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 437,000437.0k $463.9k $463.9k 0.00% New
37 SSI INVESTMENT MANAGEMENT LLC 0.03% of their portfolio Los Angeles, CA 380,000380.0k $403.4k $403.4k 0.03% Unchanged
38 Amundi 0.00% of their portfolio Paris, I0 380,000380.0k $404.5k $404.5k 0.00% Unchanged
39 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 213,000213.0k $226.3k $226.3k 0.00% Reduced -4.6m -4,638,000
40 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 60,00060.0k $63.7k $63.7k 0.00% Unchanged
41 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 47,00047.0k $50.0k $50.0k 0.00% Unchanged
42 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 13,00013.0k $13.6k $13.6k 0.00% Reduced -797.0k -797,000
43 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 13,00013.0k $13.8k $13.8k 0.00% New
44 UBS Group AG 0.00% of their portfolio ZURICH, V8 7,0007.0k $7.4k $7.4k 0.00% Unchanged
45 Verition Fund Management LLC 0.09% of their portfolio GREENWICH, CT 5,6425.6k $6.0m $6.0m 0.09% Added +3.0k +3,038
46 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged