Vault-13

LIVE NATION ENTERTAINMENT IN LYV 3.125 01.15.29

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

64 institutional holders -1 vs Q4 2025
19,817,00019.8m shares reported held*
$1.4bnreported value*
9 new 14 added 22 reduced 11 sold out net bought ≈ $5.7m (+14.3m 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 ≈ $72.88.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

050100Q4 23: 1Q1 24: 72Q2 24: 69Q3 24: 67Q4 24: 78Q1 25: 75Q2 25: 83Q3 25: 76Q4 25: 65Q1 26: 6464Q4 23Q2 24Q4 24Q2 25Q4 25Q1 26
Numbers
QuarterHolders
Q4 20231
Q1 202472
Q2 202469
Q3 202467
Q4 202478
Q1 202575
Q2 202583
Q3 202576
Q4 202565
Q1 202664

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q2 24: 30 bought or addedQ2 24: 33 cut or sold outQ3 24: 21 bought or addedQ3 24: 36 cut or sold outQ3 24Q4 24: 33 bought or addedQ4 24: 41 cut or sold outQ1 25: 32 bought or addedQ1 25: 40 cut or sold outQ1 25Q2 25: 42 bought or addedQ2 25: 36 cut or sold outQ3 25: 30 bought or addedQ3 25: 42 cut or sold outQ3 25Q4 25: 27 bought or addedQ4 25: 35 cut or sold outQ1 26: 23 bought or addedQ1 26: 33 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20243033
Q3 20242136
Q4 20243341
Q1 20253240
Q2 20254236
Q3 20253042
Q4 20252735
Q1 20262333

Biggest buyers

CITADEL ADVISORS LLC Added +56,350,000+56.4m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +39,000,000+39.0m
Sculptor Capital LP New +30,500,000+30.5m
SSI INVESTMENT MANAGEMENT LLC New +7,489,000+7.5m
PICTON MAHONEY ASSET MANAGEMENT Added +7,000,000+7.0m
SUSQUEHANNA ADVISORS GROUP, INC. New +6,560,000+6.6m
Aequim Alternative Investments LP Added +5,175,000+5.2m
MILLENNIUM MANAGEMENT LLC New +5,000,000+5.0m
KIM, LLC New +5,000,000+5.0m
LORD, ABBETT & CO. LLC Added +4,034,000+4.0m

Biggest sellers

D. E. Shaw & Co., Inc. Sold out -86,010,000-86.0m
TWO SIGMA INVESTMENTS, LP Reduced -19,750,000-19.8m
Point72 Asset Management, L.P. Sold out -19,600,000-19.6m
VOYA INVESTMENT MANAGEMENT LLC Sold out -8,325,000-8.3m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -6,134,000-6.1m
Parallax Volatility Advisers, L.P. Sold out -5,250,000-5.2m
WELLS FARGO & COMPANY/MN Reduced -5,014,000-5.0m
SSI INVESTMENT MANAGEMENT LLC Sold out -4,944,000-4.9m
BANK OF AMERICA CORP /DE/ Reduced -2,966,000-3.0m
PALISADE CAPITAL MANAGEMENT, LP Sold out -2,187,000-2.2m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CITADEL ADVISORS LLC 0.15% of their portfolio MIAMI, FL 142,850,000142.8m $217.3m $217.3m 0.15% Added +56.4m +56,350,000
2 Polar Asset Management Partners Inc. 5.06% of their portfolio TORONTO, A6 140,000,000140.0m $212.9m $212.9m 5.06% Unchanged
3 Opti Capital Management, LP 6.53% of their portfolio New York, NY 59,377,00059.4m $90.7m $90.7m 6.53% Unchanged
4 TENOR CAPITAL MANAGEMENT Co., L.P. 1.39% of their portfolio NEW YORK, NY 59,000,00059.0m $90.2m $90.2m 1.39% Added +39.0m +39,000,000
5 Alberta Investment Management Corp 0.42% of their portfolio EDMONTON, A0 45,000,00045.0m $68.6m $68.6m 0.42% Added +2.5m +2,500,000
6 Aequim Alternative Investments LP 1.33% of their portfolio MILL VALLEY, CA 45,000,00045.0m $68.5m $68.5m 1.33% Added +5.2m +5,175,000
7 CSS LLC/IL 2.77% of their portfolio CHICAGO, IL 32,756,00032.8m $49.9m $49.9m 2.77% Unchanged
8 Jain Global LLC 0.63% of their portfolio NEW YORK, NY 32,500,00032.5m $49.6m $49.6m 0.63% Reduced -2.0m -2,000,000
9 Sculptor Capital LP 0.52% of their portfolio New York, NY 30,500,00030.5m $46.5m $46.5m 0.52% New
10 CAMDEN ASSET MANAGEMENT L P /CA 1.44% of their portfolio Los Angeles, CA 27,975,00028.0m $42.5m $42.5m 1.44% Added +3.0m +3,000,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 21,185,00021.2m $32.5m $32.5m 0.00% Reduced -100.0k -100,000
12 Clearbridge Investments, LLC 0.03% of their portfolio NEW YORK, NY 20,319,00020.3m $31.0m $31.0m 0.03% Reduced -14.0k -14,000
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 18,689,00018.7m $27.9m $27.9m 0.00% Reduced -1.1m -1,135,000
14 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 18,000,00018.0m $27.4m $27.4m 0.03% Unchanged
15 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 17,238,00017.2m $26.3m $26.3m 0.01% Reduced -5.0m -5,014,000
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 16,290,00016.3m $24.7m $24.7m 0.00% Added +3.7m +3,675,000
17 Calamos Advisors LLC 0.09% of their portfolio NAPERVILLE, IL 15,145,00015.1m $23.1m $23.1m 0.09% Reduced -278.0k -278,000
18 O'Connor Alternative Investments LLC 1.20% of their portfolio NEW YORK, NY 15,000,00015.0m $22.9m $22.9m 1.20% First filing
19 FMR LLC 0.00% of their portfolio BOSTON, MA 14,656,00014.7m $22.3m $22.3m 0.00% Added +1.0m +1,015,000
20 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 12,250,00012.2m $18.6m $18.6m 0.02% Reduced -19.8m -19,750,000
21 LORD, ABBETT & CO. LLC 0.06% of their portfolio JERSEY CITY, NJ 11,100,00011.1m $16.9m $16.9m 0.06% Added +4.0m +4,034,000
22 Warberg Asset Management LLC 4.73% of their portfolio WINNETKA, IL 10,658,00010.7m $16.2m $16.2m 4.73% Added +41.0k +41,000
23 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 10,000,00010.0m $15.2m $15.2m 0.01% Unchanged
24 PICTON MAHONEY ASSET MANAGEMENT 0.16% of their portfolio Toronto, A6 10,000,00010.0m $15.2m $15.2m 0.16% Added +7.0m +7,000,000
25 M&G PLC 0.07% of their portfolio London, X0 9,050,0009.1m $13.8m $13.8m 0.07% Unchanged
26 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 8,634,0008.6m $13.1m $13.1m 0.01% Added +3.4m +3,367,000
27 ADVENT CAPITAL MANAGEMENT /DE/ 0.38% of their portfolio NEW YORK, NY 8,495,0008.5m $13.0m $13.0m 0.38% Reduced -6.1m -6,134,000
28 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 8,246,0008.2m $12.6m $12.6m 0.02% Reduced -770.0k -770,000
29 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 8,000,0008.0m $12.2m $12.2m 0.00% Added +500.0k +500,000
30 SSI INVESTMENT MANAGEMENT LLC 0.78% of their portfolio Los Angeles, CA 7,489,0007.5m $11.4m $11.4m 0.78% New
31 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 7,121,0007.1m $10.8m $10.8m 0.00% Reduced -67.0k -67,000
32 SUSQUEHANNA ADVISORS GROUP, INC. 0.00% of their portfolio BALA CYNWYD, PA 6,560,0006.6m $99.8k $99.8k 0.00% New
33 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 5,250,0005.2m $8.0m $8.0m 0.01% Unchanged
34 MARINER INVESTMENT GROUP LLC 2.31% of their portfolio NEW YORK, NY 5,000,0005.0m $7.6m $7.6m 2.31% Unchanged
35 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 5,000,0005.0m $7.6m $7.6m 0.01% New
36 KIM, LLC 1.12% of their portfolio WICHITA, KS 5,000,0005.0m $7.6m $7.6m 1.12% New
37 MacKay Shields LLC 0.26% of their portfolio New York, NY 4,726,0004.7m $7.2m $7.2m 0.26% Reduced -63.0k -63,000
38 Union Bancaire Privee, UBP SA 0.06% of their portfolio GENEVA 1, V8 3,587,0003.6m $4.6m $4.6m 0.06% Reduced -2.0m -1,975,000
39 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,540,0003.5m $5.4m $5.4m 0.00% Reduced -1.7m -1,679,000
40 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 3,151,0003.2m $4.8m $4.8m 0.01% Added +1.0m +1,000,000
41 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 3,125,0003.1m $4.8m $4.8m 0.01% New
42 OFI INVEST ASSET MANAGEMENT 0.03% of their portfolio ISSY LES MOULINEAUX, I0 1,900,0001.9m $2.5m $2.5m 0.03% Unchanged
43 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,747,0001.7m $2.7m $2.7m 0.00% Reduced -1.3m -1,298,000
44 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,685,0001.7m $25.6k $25.6k 0.00% New
45 Linden Advisors LP 0.01% of their portfolio New York, NY 1,500,0001.5m $2.3m $2.3m 0.01% Unchanged
46 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,091,0001.1m $1.7m $1.7m 0.00% Reduced -2.0m -2,048,000
47 Kohlberg Kravis Roberts & Co. L.P. 0.03% of their portfolio NEW YORK, NY 1,058,0001.1m $1.6m $1.6m 0.03% Unchanged
48 Covalent Partners LLC 10.69% of their portfolio CONCORD, MA 1,000,0001.0m $1.5m $1.5m 10.69% New
49 Man Group plc 0.00% of their portfolio LONDON, X0 253,000253.0k $385.5k $385.5k 0.00% Reduced -341.0k -341,000
50 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $304.7k $304.7k 0.00% Reduced -150.0k -150,000
51 UBS Group AG 0.00% of their portfolio ZURICH, V8 173,330173.3k $263.3k $263.3k 0.00% Added +172.0k +172,000
52 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 154,000154.0k $233.9k $233.9k 0.00% Reduced -4.0k -4,000
53 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 153,000153.0k $232.4k $232.4k 0.00% Reduced -3.0m -2,966,000
54 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 150,000150.0k $228.7k $228.7k 0.00% Unchanged
55 Central Pacific Bank - Trust Division 0.02% of their portfolio HONOLULU, HI 120,000120.0k $182.3k $182.3k 0.02% New
56 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 46,00046.0k $69.9k $69.9k 0.00% Unchanged
57 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 30,00030.0k $45.6k $45.6k 0.00% Reduced -1.5m -1,511,000
58 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 27,94027.9k $4.3m $4.3m 0.00% Unchanged
59 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 26,00026.0k $39.9k $39.9k 0.01% Unchanged
60 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 16,00016.0k $24.3k $24.3k 0.00% Unchanged
61 Boussard & Gavaudan Investment Management LLP 1.60% of their portfolio London, X0 11,00011.0k $16.6m $16.6m 1.60% Reduced -1.5k -1,500
62 K2 PRINCIPAL FUND, L.P. 0.80% of their portfolio TORONTO, A6 5,0005.0k $7.6m $7.6m 0.80% Unchanged
63 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,0002.0k $3.0k $3.0k 0.00% Reduced -441.0k -441,000
64 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,0001.0k $1.5k $1.5k 0.00% Unchanged