Vault-13

LIVE NATION ENTERTAINMENT IN LYV 3.125 01.15.29

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

83 institutional holders +8 vs Q1 2025
25,656,50125.7m shares reported held*
$1.5bnreported value*
19 new 23 added 25 reduced 11 sold out net bought ≈ $118.7m (+22.8m 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 ≈ $58.76.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q4 23: 1Q1 24: 72Q2 24: 69Q3 24: 67Q4 24: 78Q1 25: 75Q2 25: 8383Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 20231
Q1 202472
Q2 202469
Q3 202467
Q4 202478
Q1 202575
Q2 202583

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 25Q2 25: 42 bought or addedQ2 25: 36 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024701
Q2 20243033
Q3 20242136
Q4 20243341
Q1 20253240
Q2 20254236

Biggest buyers

CITADEL ADVISORS LLC New +40,000,000+40.0m
Opti Capital Management, LP New +37,325,000+37.3m
Jain Global LLC New +25,000,000+25.0m
Sculptor Capital LP New +22,500,000+22.5m
Clearbridge Investments, LLC New +20,347,000+20.3m
LMR Partners LLP New +18,500,000+18.5m
AQR Arbitrage LLC Added +18,150,000+18.1m
UBS Group AG Added +17,000,000+17.0m
TWO SIGMA INVESTMENTS, LP Added +16,412,000+16.4m
WELLS FARGO & COMPANY/MN Added +15,316,000+15.3m

Biggest sellers

Linden Advisors LP Sold out -119,993,000-120.0m
Clearbridge Investments, LLC Sold out -20,347,000-20.3m
Paloma Partners Management Co Sold out -15,030,000-15.0m
SILVERBACK ASSET MANAGEMENT LLC Reduced -13,000,000-13.0m
DLD Asset Management, LP Sold out -9,250,000-9.2m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -7,500,000-7.5m
BANK OF AMERICA CORP /DE/ Reduced -7,124,000-7.1m
JANE STREET GROUP, LLC Sold out -5,460,000-5.5m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -5,442,000-5.4m
JPMORGAN CHASE & CO Reduced -4,342,000-4.3m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 D. E. Shaw & Co., Inc. 0.16% of their portfolio New York, NY 105,200,000105.2m $161.6m $161.6m 0.16% Unchanged
2 Polar Asset Management Partners Inc. 3.83% of their portfolio TORONTO, A6 100,000,000100.0m $153.6m $153.6m 3.83% Unchanged
3 WOLVERINE ASSET MANAGEMENT LLC 1.64% of their portfolio CHICAGO, IL 63,884,00063.9m $98.1m $98.1m 1.64% Reduced -3.0m -3,000,000
4 AQR Arbitrage LLC 1.91% of their portfolio Greenwich, CT 53,150,00053.1m $81.8m $81.8m 1.91% Added +18.1m +18,150,000
5 CITADEL ADVISORS LLC 0.05% of their portfolio MIAMI, FL 40,000,00040.0m $61.4m $61.4m 0.05% New
6 TWO SIGMA INVESTMENTS, LP 0.11% of their portfolio NEW YORK, NY 39,500,00039.5m $60.7m $60.7m 0.11% Added +16.4m +16,412,000
7 Alberta Investment Management Corp 0.45% of their portfolio EDMONTON, A0 37,500,00037.5m $57.6m $57.6m 0.45% Added +7.5m +7,500,000
8 Opti Capital Management, LP 3.26% of their portfolio New York, NY 37,325,00037.3m $57.4m $57.4m 3.26% New
9 CAMDEN ASSET MANAGEMENT L P /CA 0.93% of their portfolio Los Angeles, CA 25,975,00026.0m $39.9m $39.9m 0.93% Unchanged
10 Jain Global LLC 0.60% of their portfolio NEW YORK, NY 25,000,00025.0m $38.4m $38.4m 0.60% New
11 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 23,000,00023.0m $35.3m $35.3m 0.04% Unchanged
12 Sculptor Capital LP 0.56% of their portfolio New York, NY 22,500,00022.5m $34.5m $34.5m 0.56% New
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 21,285,00021.3m $32.6m $32.6m 0.00% Reduced -4.3m -4,342,000
14 Clearbridge Investments, LLC 0.00% of their portfolio NEW YORK, NY 20,347,00020.3m $3.1m $3.1m 0.00% New
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 19,150,00019.1m $29.6m $29.6m 0.00% Reduced -2.5m -2,550,000
16 TENOR CAPITAL MANAGEMENT Co., L.P. 0.40% of their portfolio NEW YORK, NY 19,000,00019.0m $29.5m $29.5m 0.40% Added +5.2m +5,191,000
17 LMR Partners LLP 0.44% of their portfolio LONDON, X0 18,500,00018.5m $28.4m $28.4m 0.44% New
18 BlackRock, Inc. 0.00% of their portfolio New York, NY 17,270,00017.3m $26.5m $26.5m 0.00% Added +3.8m +3,775,000
19 UBS Group AG 0.01% of their portfolio ZURICH, V8 17,000,67017.0m $26.1m $26.1m 0.01% Added +17.0m +17,000,000
20 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 16,773,00016.8m $25.7m $25.7m 0.01% Added +15.3m +15,316,000
21 Calamos Advisors LLC 0.10% of their portfolio NAPERVILLE, IL 15,880,00015.9m $24.4m $24.4m 0.10% Reduced -158.0k -158,000
22 LORD, ABBETT & CO. LLC 0.07% of their portfolio JERSEY CITY, NJ 13,828,00013.8m $21.3m $21.3m 0.07% Added +32.0k +32,000
23 FMR LLC 0.00% of their portfolio BOSTON, MA 13,165,00013.2m $20.2m $20.2m 0.00% Unchanged
24 READYSTATE ASSET MANAGEMENT LP 0.80% of their portfolio CHICAGO, IL 12,500,00012.5m $19.2m $19.2m 0.80% New
25 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 11,856,00011.9m $18.4m $18.4m 0.04% Reduced -1.2m -1,239,000
26 M&G PLC 0.10% of their portfolio London, X0 11,796,00011.8m $18.0m $18.0m 0.10% Reduced -161.0k -161,000
27 CSS LLC/IL 1.12% of their portfolio CHICAGO, IL 11,584,00011.6m $17.8m $17.8m 1.12% Added +8.8m +8,781,000
28 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 10,785,00010.8m $16.7m $16.7m 0.00% Added +190.0k +190,000
29 Aequim Alternative Investments LP 0.45% of their portfolio MILL VALLEY, CA 9,000,0009.0m $13.8m $13.8m 0.45% Unchanged
30 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 8,362,0008.4m $12.9m $12.9m 0.00% Reduced -26.0k -26,000
31 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 8,076,0008.1m $12.4m $12.4m 0.00% Added +6.6m +6,588,000
32 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 7,500,0007.5m $11.6m $11.6m 0.02% Unchanged
33 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio TORONTO, A6 7,500,0007.5m $11.5m $11.5m 0.02% Reduced -7.5m -7,500,000
34 Mint Tower Capital Management B.V. 1.67% of their portfolio AMSTERDAM, P7 7,250,0007.2m $11.1m $11.1m 1.67% Reduced -2.8m -2,750,000
35 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 6,500,0006.5m $10.0m $10.0m 0.00% Reduced -1.0m -1,000,000
36 Warberg Asset Management LLC 2.28% of their portfolio WINNETKA, IL 6,047,0006.0m $9.3m $9.3m 2.28% Added +1.5m +1,547,000
37 ADVENT CAPITAL MANAGEMENT /DE/ 0.19% of their portfolio NEW YORK, NY 5,749,0005.7m $8.8m $8.8m 0.19% Reduced -5.4m -5,442,000
38 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 5,700,0005.7m $8.8m $8.8m 0.01% New
39 Union Bancaire Privee, UBP SA 0.10% of their portfolio GENEVA 1, V8 5,381,0005.4m $7.0m $7.0m 0.10% Added +2.1m +2,145,000
40 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 5,314,0005.3m $8.2m $8.2m 0.01% Added +1.7m +1,743,000
41 SSI INVESTMENT MANAGEMENT LLC 0.57% of their portfolio Los Angeles, CA 5,234,0005.2m $8.0m $8.0m 0.57% Reduced -28.0k -28,000
42 MacKay Shields LLC 0.25% of their portfolio New York, NY 5,060,0005.1m $7.8m $7.8m 0.25% Reduced -197.0k -197,000
43 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 5,000,0005.0m $7.7m $7.7m 0.00% Unchanged
44 Parallax Volatility Advisers, L.P. 0.31% of their portfolio San Francisco, CA 5,000,0005.0m $7.7m $7.7m 0.31% New
45 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 5,000,0005.0m $7.7m $7.7m 0.01% Unchanged
46 KIM, LLC 0.80% of their portfolio WICHITA, KS 5,000,0005.0m $7.7m $7.7m 0.80% New
47 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,100,0004.1m $6.3m $6.3m 0.00% Added +1.9m +1,909,000
48 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 3,676,0003.7m $5.7m $5.7m 0.01% Added +330.0k +330,000
49 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,503,0003.5m $5.4m $5.4m 0.00% Added +1.8m +1,847,000
50 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 3,034,0003.0m $4.6m $4.6m 0.00% Reduced -1.0m -1,027,000
51 Nicholas Investment Partners, LP 0.41% of their portfolio RANCHO SANTA FE, CA 3,000,0003.0m $4.6m $4.6m 0.41% New
52 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 2,812,0002.8m $4.3m $4.3m 0.01% New
53 Man Group plc 0.01% of their portfolio LONDON, X0 2,300,0002.3m $3.5m $3.5m 0.01% Reduced -580.0k -580,000
54 PALISADE CAPITAL MANAGEMENT, LP 0.10% of their portfolio FORT LEE, NJ 2,257,0002.3m $3.5m $3.5m 0.10% Unchanged
55 WESTWOOD HOLDINGS GROUP INC 0.01% of their portfolio DALLAS, TX 2,000,0002.0m $2.0m $2.0m 0.01% Reduced -4.0m -3,987,000
56 OFI INVEST ASSET MANAGEMENT 0.06% of their portfolio ISSY LES MOULINEAUX, I0 1,900,0001.9m $2.5m $2.5m 0.06% Unchanged
57 SILVERBACK ASSET MANAGEMENT LLC 0.35% of their portfolio DURHAM, NC 1,482,0001.5m $2.3m $2.3m 0.35% Reduced -13.0m -13,000,000
58 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,050,0001.1m $1.6m $1.6m 0.01% Added +350.0k +350,000
59 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 838,000838.0k $1.3m $1.3m 0.00% Reduced -7.1m -7,124,000
60 Kohlberg Kravis Roberts & Co. L.P. 0.02% of their portfolio NEW YORK, NY 758,000758.0k $1.2m $1.2m 0.02% Unchanged
61 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 533,000533.0k $820.0k $820.0k 0.00% Unchanged
62 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 500,000500.0k $766.1k $766.1k 0.00% New
63 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 428,000428.0k $658.0k $658.0k 0.00% New
64 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 350,000350.0k $536.3k $536.3k 0.00% Reduced -400.0k -400,000
65 Calamos Wealth Management LLC 0.02% of their portfolio NAPERVILLE, IL 340,000340.0k $521.9k $521.9k 0.02% Reduced -28.0k -28,000
66 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 156,000156.0k $239.6k $239.6k 0.00% Reduced -2.0k -2,000
67 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 150,000150.0k $230.2k $230.2k 0.00% Unchanged
68 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 125,000125.0k $192.0k $192.0k 0.00% New
69 SANDLER CAPITAL MANAGEMENT 0.07% of their portfolio NEW YORK, NY 125,000125.0k $192.0k $192.0k 0.07% Reduced -125.0k -125,000
70 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 46,00046.0k $70.7k $70.7k 0.00% Reduced -1.0k -1,000
71 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 26,00026.0k $39.8k $39.8k 0.01% Reduced -4.0k -4,000
72 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 21,00021.0k $32.3k $32.3k 0.00% Added +6.0k +6,000
73 Boussard & Gavaudan Investment Management LLP 3.48% of their portfolio London, X0 17,50017.5k $27.1m $27.1m 3.48% Added +7.0k +7,000
74 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 16,00016.0k $18.4k $18.4k 0.00% New
75 NOMURA HOLDINGS INC 0.01% of their portfolio TOKYO, M0 9,5769.6k $1.4m $1.4m 0.01% Added +5.3k +5,323
76 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 9,0609.1k $1.4m $1.4m 0.01% New
77 K2 PRINCIPAL FUND, L.P. 1.41% of their portfolio TORONTO, A6 5,0005.0k $7.7m $7.7m 1.41% New
78 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 4,0004.0k $6.1k $6.1k 0.00% Unchanged
79 Candriam S.C.A. 0.02% of their portfolio STRASSEN, N4 2,8502.9k $3.4m $3.4m 0.02% Added +1.8k +1,800
80 Alpine Global Management, LLC 0.71% of their portfolio NEW YORK, NY 2,0002.0k $3.1m $3.1m 0.71% Reduced -5.5k -5,500
81 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 1,0001.0k $1.5k $1.5k 0.00% New
82 ODDO BHF ASSET MANAGEMENT SAS 0.02% of their portfolio PARIS, I0 425425 $657.3k $657.3k 0.02% Added +25 +25
83 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged