Vault-13

LIVE NATION ENTERTAINMENT IN LYV 3.125 01.15.29

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

50 institutional holders -14 vs Q1 2026
12,918,90312.9m shares reported held*
$1.7bnreported value*
5 new 21 added 15 reduced 18 sold out net bought ≈ $48.5m (-6.9m 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 ≈ $129.89.

Trends to Q2 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: 64Q2 26: 5050Q4 23Q2 24Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q4 20231
Q1 202472
Q2 202469
Q3 202467
Q4 202478
Q1 202575
Q2 202583
Q3 202576
Q4 202565
Q1 202664
Q2 202650

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 24: 21 bought or addedQ3 24: 36 cut or sold outQ4 24: 33 bought or addedQ4 24: 41 cut or sold outQ4 24Q1 25: 32 bought or addedQ1 25: 40 cut or sold outQ2 25: 42 bought or addedQ2 25: 36 cut or sold outQ2 25Q3 25: 30 bought or addedQ3 25: 42 cut or sold outQ4 25: 27 bought or addedQ4 25: 35 cut or sold outQ4 25Q1 26: 23 bought or addedQ1 26: 33 cut or sold outQ2 26: 26 bought or addedQ2 26: 33 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20242136
Q4 20243341
Q1 20253240
Q2 20254236
Q3 20253042
Q4 20252735
Q1 20262333
Q2 20262633

Biggest buyers

MILLENNIUM MANAGEMENT LLC Added +162,000,000+162.0m
CAPSTONE INVESTMENT ADVISORS, LLC New +40,000,000+40.0m
Aequim Alternative Investments LP Added +27,500,000+27.5m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +21,000,000+21.0m
LORD, ABBETT & CO. LLC Added +7,975,000+8.0m
Jain Global LLC Added +7,500,000+7.5m
SSI INVESTMENT MANAGEMENT LLC New +5,989,000+6.0m
Alberta Investment Management Corp Added +5,000,000+5.0m
Point72 Asset Management, L.P. New +5,000,000+5.0m
STATE STREET CORP Added +4,100,000+4.1m

Biggest sellers

CITADEL ADVISORS LLC Sold out -142,850,000-142.8m
CSS LLC/IL Sold out -32,756,000-32.8m
MARSHALL WACE, LLP Sold out -18,000,000-18.0m
JPMORGAN CHASE & CO Reduced -13,593,000-13.6m
TWO SIGMA INVESTMENTS, LP Sold out -12,250,000-12.2m
M&G PLC Sold out -9,050,000-9.1m
WELLS FARGO & COMPANY/MN Reduced -8,475,000-8.5m
SSI INVESTMENT MANAGEMENT LLC Sold out -7,489,000-7.5m
SUSQUEHANNA ADVISORS GROUP, INC. Sold out -6,560,000-6.6m
MARINER INVESTMENT GROUP LLC Sold out -5,000,000-5.0m

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MILLENNIUM MANAGEMENT LLC 0.20% of their portfolio NEW YORK, NY 167,000,000167.0m $297.6m $297.6m 0.20% Added +162.0m +162,000,000
2 Polar Asset Management Partners Inc. 4.65% of their portfolio TORONTO, A6 142,500,000142.5m $254.2m $254.2m 4.65% Added +2.5m +2,500,000
3 TENOR CAPITAL MANAGEMENT Co., L.P. 2.03% of their portfolio NEW YORK, NY 80,000,00080.0m $143.9m $143.9m 2.03% Added +21.0m +21,000,000
4 Aequim Alternative Investments LP 2.01% of their portfolio MILL VALLEY, CA 72,500,00072.5m $129.3m $129.3m 2.01% Added +27.5m +27,500,000
5 Opti Capital Management, LP 6.46% of their portfolio New York, NY 59,377,00059.4m $105.9m $105.9m 6.46% Unchanged
6 Alberta Investment Management Corp 0.51% of their portfolio EDMONTON, A0 50,000,00050.0m $89.2m $89.2m 0.51% Added +5.0m +5,000,000
7 CAPSTONE INVESTMENT ADVISORS, LLC 0.50% of their portfolio NEW YORK, NY 40,000,00040.0m $71.4m $71.4m 0.50% New
8 Jain Global LLC 0.84% of their portfolio NEW YORK, NY 40,000,00040.0m $71.4m $71.4m 0.84% Added +7.5m +7,500,000
9 CAMDEN ASSET MANAGEMENT L P /CA 1.58% of their portfolio Los Angeles, CA 30,475,00030.5m $54.3m $54.3m 1.58% Added +2.5m +2,500,000
10 Sculptor Capital LP 0.49% of their portfolio New York, NY 26,500,00026.5m $47.3m $47.3m 0.49% Reduced -4.0m -4,000,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 25,285,00025.3m $45.5m $45.5m 0.00% Added +4.1m +4,100,000
12 Clearbridge Investments, LLC 0.00% of their portfolio NEW YORK, NY 20,311,00020.3m $3.6m $3.6m 0.00% Reduced -8.0k -8,000
13 BlackRock, Inc. 0.00% of their portfolio New York, NY 20,215,00020.2m $36.0m $36.0m 0.00% Added +3.9m +3,925,000
14 LORD, ABBETT & CO. LLC 0.10% of their portfolio JERSEY CITY, NJ 19,075,00019.1m $34.0m $34.0m 0.10% Added +8.0m +7,975,000
15 Calamos Advisors LLC 0.10% of their portfolio NAPERVILLE, IL 15,205,00015.2m $27.1m $27.1m 0.10% Added +60.0k +60,000
16 FMR LLC 0.00% of their portfolio BOSTON, MA 14,556,00014.6m $25.9m $25.9m 0.00% Reduced -100.0k -100,000
17 PICTON MAHONEY ASSET MANAGEMENT 0.21% of their portfolio Toronto, A6 12,500,00012.5m $22.3m $22.3m 0.21% Added +2.5m +2,500,000
18 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 11,177,00011.2m $19.9m $19.9m 0.01% Added +1.2m +1,177,000
19 Warberg Asset Management LLC 5.64% of their portfolio WINNETKA, IL 10,684,00010.7m $19.0m $19.0m 5.64% Added +26.0k +26,000
20 O'Connor Alternative Investments LLC 1.30% of their portfolio NEW YORK, NY 10,000,00010.0m $17.8m $17.8m 1.30% Reduced -5.0m -5,000,000
21 ADVENT CAPITAL MANAGEMENT /DE/ 0.39% of their portfolio NEW YORK, NY 9,433,0009.4m $17.0m $17.0m 0.39% Added +938.0k +938,000
22 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 8,901,0008.9m $16.0m $16.0m 0.03% Added +655.0k +655,000
23 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,763,0008.8m $15.6m $15.6m 0.00% Reduced -8.5m -8,475,000
24 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 7,500,0007.5m $13.4m $13.4m 0.00% Reduced -500.0k -500,000
25 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 7,012,0007.0m $12.5m $12.5m 0.01% Reduced -1.6m -1,622,000
26 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 6,009,0006.0m $10.7m $10.7m 0.00% Reduced -1.1m -1,112,000
27 SSI INVESTMENT MANAGEMENT LLC 0.62% of their portfolio Los Angeles, CA 5,989,0006.0m $10.7m $10.7m 0.62% New
28 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 5,250,0005.2m $9.4m $9.4m 0.01% Unchanged
29 Union Bancaire Privee, UBP SA 0.09% of their portfolio GENEVA 1, V8 5,187,0005.2m $8.0m $8.0m 0.09% Added +1.6m +1,600,000
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,096,0005.1m $9.1m $9.1m 0.00% Reduced -13.6m -13,593,000
31 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 5,000,0005.0m $8.9m $8.9m 0.01% New
32 MacKay Shields LLC 0.28% of their portfolio New York, NY 4,676,0004.7m $8.3m $8.3m 0.28% Reduced -50.0k -50,000
33 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 3,426,0003.4m $6.2m $6.2m 0.01% Added +275.0k +275,000
34 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,673,0002.7m $4.8m $4.8m 0.00% Added +1.6m +1,582,000
35 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,946,0001.9m $3.5m $3.5m 0.00% Added +199.0k +199,000
36 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 1,000,0001.0m $1.8m $1.8m 0.00% New
37 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 839,000839.0k $15.0k $15.0k 0.00% Reduced -846.0k -846,000
38 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 400,000400.0k $712.6k $712.6k 0.00% Added +370.0k +370,000
39 Man Group plc 0.00% of their portfolio LONDON, X0 253,000253.0k $450.9k $450.9k 0.00% Unchanged
40 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $356.4k $356.4k 0.00% Unchanged
41 UBS Group AG 0.00% of their portfolio ZURICH, V8 165,000165.0k $293.9k $293.9k 0.00% Reduced -8.3k -8,330
42 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 152,000152.0k $270.8k $270.8k 0.00% Reduced -2.0k -2,000
43 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 150,000150.0k $267.6k $267.6k 0.00% Unchanged
44 Central Pacific Bank - Trust Division 0.02% of their portfolio HONOLULU, HI 120,000120.0k $213.8k $213.8k 0.02% Unchanged
45 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 46,00046.0k $81.9k $81.9k 0.00% Unchanged
46 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 28,00028.0k $49.9k $49.9k 0.00% Reduced -3.5m -3,512,000
47 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 16,00016.0k $28.5k $28.5k 0.00% Unchanged
48 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 7,9407.9k $1.4m $1.4m 0.00% Reduced -20.0k -20,000
49 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 3,9033.9k $714.6k $714.6k 0.00% New
50 BOUSSARD & GAVAUDAN GESTION SAS 0.09% of their portfolio PARIS, I0 1,0001.0k $1.8m $1.8m 0.09% First filing