SPHERE ENTERTAINMENT CO SPHR 3.5 12.01.28
NOTE 3.500%12/0 · US DOMESTIC · CUSIP 55826TAB8
23
institutional holders
+4 vs Q2 2025
20.2m
shares reported held*
$488.9mreported value*
7 new
4 added
3 reduced
2 sold out
net bought ≈ $8.6m
* 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 ≈ $24.20.
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2024 | 17 |
| Q1 2025 | 17 |
| Q2 2025 | 19 |
| Q3 2025 | 23 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2025 | 3 | 6 |
| Q2 2025 | 12 | 3 |
| Q3 2025 | 11 | 5 |
Biggest buyers
| TWO SIGMA INVESTMENTS, LP | New | +6.0m |
| ARISTEIA CAPITAL, L.L.C. | New | +4.5m |
| JPMORGAN CHASE & CO | New | +2.4m |
| Jump Financial, LLC | New | +2.3m |
| WHITEBOX ADVISORS LLC | Added | +2.1m |
| LORD, ABBETT & CO. LLC | New | +2.1m |
| Polar Capital Holdings Plc | New | +2.0m |
| BNP PARIBAS FINANCIAL MARKETS | Added | +2.0m |
| BlackRock, Inc. | Added | +125.0k |
| Calamos Advisors LLC | Added | +23.0k |
Biggest sellers
| DLD Asset Management, LP | Sold out | -6.5m |
| Linden Advisors LP | Reduced | -6.2m |
| BANK OF AMERICA CORP /DE/ | Reduced | -3.8m |
| LAZARD ASSET MANAGEMENT LLC | Sold out | -2.5m |
| FMR LLC | Reduced | -60.0k |
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| Linden Advisors LP 1.03% of their portfolio | 81.2m $153.8m | Reduced -6.2m |
| WHITEBOX ADVISORS LLC 2.34% of their portfolio | 66.6m $125.9m | Added +2.1m |
| Alberta Investment Management Corp 0.31% of their portfolio | 22.5m $42.6m | Unchanged |
| CARRONADE CAPITAL MANAGEMENT, LP 3.77% of their portfolio | 20.2m $38.2m | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 8.0m $15.1m | Added +2.0m |
| Calamos Advisors LLC 0.06% of their portfolio | 7.5m $14.3m | Added +23.0k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 6.0m $11.3m | New |
| Luxor Capital Group, LP 1.55% of their portfolio | 6.0m $11.3m | Unchanged |
| ARISTEIA CAPITAL, L.L.C. 0.26% of their portfolio | 4.5m $8.5m | New |
| SSI INVESTMENT MANAGEMENT LLC 0.55% of their portfolio | 4.2m $8.0m | Unchanged |
| FMR LLC 0.00% of their portfolio | 3.9m $7.4m | Reduced -60.0k |
| BlackRock, Inc. 0.00% of their portfolio | 2.6m $4.9m | Added +125.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.4m $4.6m | New |
| Jump Financial, LLC 0.05% of their portfolio | 2.3m $4.3m | New |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 2.2m $4.1m | Unchanged |
| LORD, ABBETT & CO. LLC 0.01% of their portfolio | 2.1m $3.9m | New |
| Polar Capital Holdings Plc 0.02% of their portfolio | 2.0m $3.8m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 977.0k $1.8m | Reduced -3.8m |
| Covalent Partners LLC 4.61% of their portfolio | 500.0k $945.0k | Unchanged |
| VIRTUS ADVISERS, LLC 0.06% of their portfolio | 58.0k $109.6k | Unchanged |
| TORONTO DOMINION BANK 0.00% of their portfolio | 18.0k $34.2k | New |
| K2 PRINCIPAL FUND, L.P. 1.69% of their portfolio | 8.5k $16.1m | Unchanged |
| Context Capital Management, LLC 0.23% of their portfolio | 4.0k $7.6m | Unchanged |