Vault-13

LIVE NATION ENTERTAINMENT IN LYV 3.125 01.15.29

NOTE 3.125% 1/1 · US DOMESTIC · CUSIP 538034BA6

75 institutional holders -3 vs Q4 2024
2,877,6532.9m shares reported held*
$1.3bnreported value*
14 new 18 added 25 reduced 15 sold out net bought ≈ $131.0m (-40.2m 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 ≈ $435.05.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100Q4 23: 1Q1 24: 72Q2 24: 69Q3 24: 67Q4 24: 78Q1 25: 7575Q4 23Q1 24Q2 24Q3 24Q4 24Q1 25
Numbers
QuarterHolders
Q4 20231
Q1 202472
Q2 202469
Q3 202467
Q4 202478
Q1 202575

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 70 bought or addedQ1 24: 1 cut or sold outQ1 24Q2 24: 30 bought or addedQ2 24: 33 cut or sold outQ2 24Q3 24: 21 bought or addedQ3 24: 36 cut or sold outQ3 24Q4 24: 33 bought or addedQ4 24: 41 cut or sold outQ4 24Q1 25: 32 bought or addedQ1 25: 40 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024701
Q2 20243033
Q3 20242136
Q4 20243341
Q1 20253240

Biggest buyers

Linden Advisors LP Added +110,690,000+110.7m
D. E. Shaw & Co., Inc. Added +79,200,000+79.2m
AQR Arbitrage LLC New +35,000,000+35.0m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +15,000,000+15.0m
SILVERBACK ASSET MANAGEMENT LLC New +14,482,000+14.5m
Thrivent Financial for Lutherans New +13,095,000+13.1m
DLD Asset Management, LP New +9,250,000+9.2m
LORD, ABBETT & CO. LLC Added +9,171,000+9.2m
BANK OF AMERICA CORP /DE/ Added +7,955,000+8.0m
BANK OF NOVA SCOTIA New +7,500,000+7.5m

Biggest sellers

LAZARD ASSET MANAGEMENT LLC Sold out -55,396,000-55.4m
SUSQUEHANNA ADVISORS GROUP, INC. Sold out -38,951,000-39.0m
Thrivent Financial for Lutherans Sold out -17,750,000-17.8m
CITADEL ADVISORS LLC Sold out -17,500,000-17.5m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Reduced -10,500,000-10.5m
ABSOLUTE INVESTMENT ADVISERS, LLC Sold out -10,000,000-10.0m
M&G PLC Reduced -9,169,000-9.2m
WOLVERINE ASSET MANAGEMENT LLC Reduced -9,000,000-9.0m
Paloma Partners Management Co Reduced -8,129,000-8.1m
Sculptor Capital LP Sold out -7,500,000-7.5m

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.13% of their portfolio New York, NY 119,993,000120.0m $166.9m $166.9m 1.13% Added +110.7m +110,690,000
2 D. E. Shaw & Co., Inc. 0.17% of their portfolio New York, NY 105,200,000105.2m $146.2m $146.2m 0.17% Added +79.2m +79,200,000
3 Polar Asset Management Partners Inc. 4.61% of their portfolio TORONTO, A6 100,000,000100.0m $139.2m $139.2m 4.61% Unchanged
4 WOLVERINE ASSET MANAGEMENT LLC 1.81% of their portfolio CHICAGO, IL 66,884,00066.9m $92.9m $92.9m 1.81% Reduced -9.0m -9,000,000
5 AQR Arbitrage LLC 1.18% of their portfolio Greenwich, CT 35,000,00035.0m $48.7m $48.7m 1.18% New
6 Alberta Investment Management Corp 0.29% of their portfolio EDMONTON, A0 30,000,00030.0m $41.9m $41.9m 0.29% Added +7.5m +7,500,000
7 CAMDEN ASSET MANAGEMENT L P /CA 0.97% of their portfolio Los Angeles, CA 25,975,00026.0m $36.1m $36.1m 0.97% Reduced -1.5m -1,500,000
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 25,627,00025.6m $35.7m $35.7m 0.00% Reduced -3.3m -3,306,000
9 TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio NEW YORK, NY 23,088,00023.1m $32.1m $32.1m 0.07% Reduced -5.0m -5,000,000
10 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 23,000,00023.0m $32.0m $32.0m 0.04% Unchanged
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 21,700,00021.7m $30.2m $30.2m 0.00% Added +350.0k +350,000
12 Clearbridge Investments, LLC 0.00% of their portfolio NEW YORK, NY 20,347,00020.3m $2.8m $2.8m 0.00% Reduced -9.0k -9,000
13 Calamos Advisors LLC 0.11% of their portfolio NAPERVILLE, IL 16,038,00016.0m $22.3m $22.3m 0.11% Added +126.0k +126,000
14 Paloma Partners Management Co 3.93% of their portfolio GREENWICH, CT 15,030,00015.0m $21.0m $21.0m 3.93% Reduced -8.1m -8,129,000
15 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.05% of their portfolio TORONTO, A6 15,000,00015.0m $20.9m $20.9m 0.05% New
16 SILVERBACK ASSET MANAGEMENT LLC 3.27% of their portfolio DURHAM, NC 14,482,00014.5m $20.1m $20.1m 3.27% New
17 TENOR CAPITAL MANAGEMENT Co., L.P. 0.27% of their portfolio NEW YORK, NY 13,809,00013.8m $19.3m $19.3m 0.27% Unchanged
18 LORD, ABBETT & CO. LLC 0.07% of their portfolio JERSEY CITY, NJ 13,796,00013.8m $19.2m $19.2m 0.07% Added +9.2m +9,171,000
19 BlackRock, Inc. 0.00% of their portfolio New York, NY 13,495,00013.5m $18.8m $18.8m 0.00% Added +1.1m +1,150,000
20 FMR LLC 0.00% of their portfolio BOSTON, MA 13,165,00013.2m $18.3m $18.3m 0.00% Reduced -3.4m -3,389,000
21 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 13,095,00013.1m $18.3m $18.3m 0.04% New
22 M&G PLC 0.08% of their portfolio London, X0 11,957,00012.0m $16.5m $16.5m 0.08% Reduced -9.2m -9,169,000
23 ADVENT CAPITAL MANAGEMENT /DE/ 0.36% of their portfolio NEW YORK, NY 11,191,00011.2m $15.6m $15.6m 0.36% Reduced -1.1m -1,133,000
24 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 10,595,00010.6m $14.8m $14.8m 0.00% Added +2.2m +2,225,000
25 Mint Tower Capital Management B.V. 5.15% of their portfolio AMSTERDAM, P7 10,000,00010.0m $13.9m $13.9m 5.15% Reduced -6.5m -6,500,000
26 DLD Asset Management, LP 1.86% of their portfolio NEW YORK, NY 9,250,0009.2m $12.9m $12.9m 1.86% New
27 Aequim Alternative Investments LP 0.50% of their portfolio MILL VALLEY, CA 9,000,0009.0m $12.5m $12.5m 0.50% Unchanged
28 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 8,388,0008.4m $11.7m $11.7m 0.00% Reduced -525.0k -525,000
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 7,962,0008.0m $11.1m $11.1m 0.00% Added +8.0m +7,955,000
30 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 7,500,0007.5m $10.5m $10.5m 0.02% New
31 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 7,500,0007.5m $10.4m $10.4m 0.00% Unchanged
32 WESTWOOD HOLDINGS GROUP INC 0.06% of their portfolio DALLAS, TX 5,987,0006.0m $8.4m $8.4m 0.06% Unchanged
33 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 5,460,0005.5m $7.6m $7.6m 0.01% New
34 SSI INVESTMENT MANAGEMENT LLC 0.57% of their portfolio Los Angeles, CA 5,262,0005.3m $7.3m $7.3m 0.57% Added +850.0k +850,000
35 MacKay Shields LLC 0.23% of their portfolio New York, NY 5,257,0005.3m $7.3m $7.3m 0.23% Reduced -201.0k -201,000
36 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 5,000,0005.0m $7.0m $7.0m 0.00% Reduced -2.6m -2,612,000
37 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 5,000,0005.0m $7.0m $7.0m 0.01% Reduced -10.5m -10,500,000
38 Warberg Asset Management LLC 1.71% of their portfolio WINNETKA, IL 4,500,0004.5m $6.3m $6.3m 1.71% Added +2.5m +2,494,000
39 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 4,061,0004.1m $5.6m $5.6m 0.00% Added +2.2m +2,244,000
40 Mirabaud Asset Management (France) SAS 4.30% of their portfolio PARIS, I0 4,000,0004.0m $5.4m $5.4m 4.30% New
41 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 3,571,0003.6m $5.0m $5.0m 0.00% First filing
42 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 3,346,0003.3m $4.7m $4.7m 0.01% New
43 Union Bancaire Privee, UBP SA 0.07% of their portfolio GENEVA 1, V8 3,236,0003.2m $3.6m $3.6m 0.07% Reduced -1.5m -1,510,000
44 Man Group plc 0.01% of their portfolio LONDON, X0 2,880,0002.9m $4.0m $4.0m 0.01% Reduced -1.7m -1,720,000
45 CSS LLC/IL 0.27% of their portfolio CHICAGO, IL 2,803,0002.8m $3.9m $3.9m 0.27% New
46 PALISADE CAPITAL MANAGEMENT, LP 0.09% of their portfolio FORT LEE, NJ 2,257,0002.3m $3.1m $3.1m 0.09% Reduced -1.5m -1,500,000
47 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,191,0002.2m $3.0m $3.0m 0.00% Added +2.1m +2,145,000
48 OFI INVEST ASSET MANAGEMENT 0.06% of their portfolio ISSY LES MOULINEAUX, I0 1,900,0001.9m $2.5m $2.5m 0.06% Reduced -4.2m -4,200,000
49 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,656,0001.7m $2.3m $2.3m 0.00% Reduced -2.9m -2,898,000
50 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,488,0001.5m $2.1m $2.1m 0.00% Added +1.1m +1,070,000
51 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,457,0001.5m $2.0m $2.0m 0.00% Reduced -698.0k -698,000
52 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 879,000879.0k $1.2m $1.2m 0.02% Added +317.0k +317,000
53 Kohlberg Kravis Roberts & Co. L.P. 0.02% of their portfolio NEW YORK, NY 758,000758.0k $1.1m $1.1m 0.02% Unchanged
54 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 750,000750.0k $1.0m $1.0m 0.00% Unchanged
55 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 700,000700.0k $972.6k $972.6k 0.01% Unchanged
56 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 533,000533.0k $741.9k $741.9k 0.00% Reduced -7.0k -7,000
57 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 400,000400.0k $557.5k $557.5k 0.00% Reduced -93.0k -93,000
58 Calamos Wealth Management LLC 0.03% of their portfolio NAPERVILLE, IL 368,000368.0k $511.2k $511.2k 0.03% Reduced -217.0k -217,000
59 SANDLER CAPITAL MANAGEMENT 0.11% of their portfolio NEW YORK, NY 250,000250.0k $347.4k $347.4k 0.11% Unchanged
60 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 158,000158.0k $219.5k $219.5k 0.00% Added +2.0k +2,000
61 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 150,000150.0k $208.4k $208.4k 0.00% Unchanged
62 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 47,00047.0k $65.3k $65.3k 0.00% Unchanged
63 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 30,00030.0k $41.5k $41.5k 0.01% Unchanged
64 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 15,28515.3k $15.3k $15.3k 0.00% New
65 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 15,00015.0k $20.8k $20.8k 0.00% New
66 Boussard & Gavaudan Investment Management LLP 2.29% of their portfolio London, X0 10,50010.5k $14.5m $14.5m 2.29% Added +8.0k +8,000
67 Alpine Global Management, LLC 2.76% of their portfolio NEW YORK, NY 7,5007.5k $10.4m $10.4m 2.76% Added +5.4k +5,374
68 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 6,0006.0k $8.3k $8.3k 0.00% Unchanged
69 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 5,0005.0k $6.9m $6.9m 0.02% Reduced -15.0k -15,000
70 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 4,2534.3k $555.4k $555.4k 0.00% Reduced -63.7k -63,668
71 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 4,0004.0k $5.6k $5.6k 0.00% Unchanged
72 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 1,0501.1k $1.3m $1.3m 0.01% New
73 UBS Group AG 0.00% of their portfolio ZURICH, V8 670670 $931 $931 0.00% New
74 ODDO BHF ASSET MANAGEMENT SAS 0.02% of their portfolio PARIS, I0 400400 $559.1k $559.1k 0.02% Unchanged
75 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged