SPHERE ENTERTAINMENT CO SPHR 3.5 12.01.28
NOTE 3.500%12/0 · US DOMESTIC · CUSIP 55826TAB8
23
institutional holders
+2 vs Q4 2025
27.4m
shares reported held*
$870.0mreported value*
7 new
6 added
5 reduced
5 sold out
net bought ≈ $29.2m (+4.2m 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 ≈ $31.77.
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2024 | 17 |
| Q1 2025 | 17 |
| Q2 2025 | 19 |
| Q3 2025 | 23 |
| Q4 2025 | 21 |
| Q1 2026 | 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 |
| Q4 2025 | 11 | 10 |
| Q1 2026 | 13 | 10 |
Biggest buyers
| Point72 Asset Management, L.P. | New | +10.0m |
| MILLENNIUM MANAGEMENT LLC | New | +7.4m |
| SSI INVESTMENT MANAGEMENT LLC | New | +4.0m |
| LORD, ABBETT & CO. LLC | New | +3.5m |
| Calamos Advisors LLC | Added | +2.9m |
| BNP PARIBAS FINANCIAL MARKETS | Added | +1.7m |
| Linden Advisors LP | Added | +1.2m |
| BlackRock, Inc. | Added | +950.0k |
| LAZARD ASSET MANAGEMENT LLC | New | +846.0k |
| CARRONADE CAPITAL MANAGEMENT, LP | Added | +234.0k |
Biggest sellers
| ARISTEIA CAPITAL, L.L.C. | Sold out | -6.0m |
| TWO SIGMA INVESTMENTS, LP | Sold out | -6.0m |
| SSI INVESTMENT MANAGEMENT LLC | Sold out | -4.0m |
| Luxor Capital Group, LP | Reduced | -2.7m |
| WHITEBOX ADVISORS LLC | Reduced | -2.1m |
| JPMORGAN CHASE & CO | Reduced | -1.0m |
| BANK OF AMERICA CORP /DE/ | Reduced | -933.0k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | Reduced | -600.0k |
| Jefferies Financial Group Inc. | Sold out | -38.0k |
| K2 PRINCIPAL FUND, L.P. | Sold out | -8.5k |
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Linden Advisors LP 1.57% of their portfolio | 83.5m $281.2m | Added +1.2m |
| WHITEBOX ADVISORS LLC 3.07% of their portfolio | 64.5m $216.8m | Reduced -2.1m |
| Alberta Investment Management Corp 0.51% of their portfolio | 24.8m $83.6m | Unchanged |
| CARRONADE CAPITAL MANAGEMENT, LP 5.21% of their portfolio | 21.4m $71.9m | Added +234.0k |
| Calamos Advisors LLC 0.14% of their portfolio | 10.4m $35.2m | Added +2.9m |
| Point72 Asset Management, L.P. 0.06% of their portfolio | 10.0m $33.7m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 9.7m $32.4m | Added +1.7m |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 7.4m $25.0m | New |
| BlackRock, Inc. 0.00% of their portfolio | 4.2m $13.9m | Added +950.0k |
| Context Capital Management, LLC 0.32% of their portfolio | 4.1m $13.7m | Added +81.0k |
| SSI INVESTMENT MANAGEMENT LLC 0.93% of their portfolio | 4.0m $13.4m | New |
| FMR LLC 0.00% of their portfolio | 3.9m $13.2m | Unchanged |
| LORD, ABBETT & CO. LLC 0.04% of their portfolio | 3.5m $11.7m | New |
| Luxor Capital Group, LP 1.22% of their portfolio | 2.3m $7.7m | Reduced -2.7m |
| Polar Capital Holdings Plc 0.03% of their portfolio | 2.0m $6.1m | Unchanged |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.01% of their portfolio | 1.6m $5.3m | Reduced -600.0k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 846.0k $28.5k | New |
| MORGAN STANLEY 0.00% of their portfolio | 750.0k $2.5m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 594.0k $2.0m | Reduced -933.0k |
| Ares Systematic Credit Ltd 0.24% of their portfolio | 100.0k $306.8k | New |
| UBS Group AG 0.00% of their portfolio | 26.0k $87.4k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 22.0k $66.7k | Reduced -1.0m |
| VIRTUS ADVISERS, LLC 0.03% of their portfolio | 20.0k $67.2k | Unchanged |