SPHERE ENTERTAINMENT CO SPHR 3.5 12.01.28
NOTE 3.500%12/0 · US DOMESTIC · CUSIP 55826TAB8
24
institutional holders
+1 vs Q1 2026
21.4m
shares reported held*
$1.2bnreported value*
3 new
6 added
8 reduced
2 sold out
net sold ≈ $67.0m (-6.0m 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 ≈ $56.14.
Trends to Q2 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 |
| Q2 2026 | 24 |
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 |
| Q2 2026 | 9 | 10 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +11.2m |
| LORD, ABBETT & CO. LLC | Added | +2.5m |
| BlackRock, Inc. | Added | +1.1m |
| TORONTO DOMINION BANK | New | +299.0k |
| JPMORGAN CHASE & CO | Added | +133.0k |
| Virtus Fixed Income Advisers, LLC | New | +88.0k |
| LPL Financial LLC | New | +17.0k |
| LAZARD ASSET MANAGEMENT LLC | Added | +16.0k |
| Calamos Advisors LLC | Added | +10.0k |
Biggest sellers
| Linden Advisors LP | Reduced | -12.1m |
| SSI INVESTMENT MANAGEMENT LLC | Sold out | -4.0m |
| Point72 Asset Management, L.P. | Reduced | -3.5m |
| WHITEBOX ADVISORS LLC | Reduced | -3.4m |
| Context Capital Management, LLC | Reduced | -3.2m |
| Polar Capital Holdings Plc | Sold out | -2.0m |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | Reduced | -634.0k |
| BANK OF AMERICA CORP /DE/ | Reduced | -200.0k |
| FMR LLC | Reduced | -15.0k |
| UBS Group AG | Reduced | -2.0k |
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Linden Advisors LP 1.82% of their portfolio | 71.5m $350.6m | Reduced -12.1m |
| WHITEBOX ADVISORS LLC 4.83% of their portfolio | 61.1m $299.4m | Reduced -3.4m |
| Alberta Investment Management Corp 0.70% of their portfolio | 24.8m $121.3m | Unchanged |
| CARRONADE CAPITAL MANAGEMENT, LP 1.81% of their portfolio | 21.4m $104.3m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 18.6m $91.2m | Added +11.2m |
| Calamos Advisors LLC 0.19% of their portfolio | 10.4m $51.1m | Added +10.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 9.7m $47.3m | Unchanged |
| Point72 Asset Management, L.P. 0.05% of their portfolio | 6.5m $31.9m | Reduced -3.5m |
| LORD, ABBETT & CO. LLC 0.08% of their portfolio | 6.0m $29.2m | Added +2.5m |
| BlackRock, Inc. 0.00% of their portfolio | 5.3m $26.0m | Added +1.1m |
| FMR LLC 0.00% of their portfolio | 3.9m $19.2m | Reduced -15.0k |
| Luxor Capital Group, LP 1.22% of their portfolio | 2.3m $11.2m | Unchanged |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.01% of their portfolio | 930.0k $4.6m | Reduced -634.0k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 862.0k $42.3k | Added +16.0k |
| Context Capital Management, LLC 0.08% of their portfolio | 857.0k $4.2m | Reduced -3.2m |
| MORGAN STANLEY 0.00% of their portfolio | 750.0k $3.7m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 394.0k $1.9m | Reduced -200.0k |
| TORONTO DOMINION BANK 0.00% of their portfolio | 299.0k $1.5m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 155.0k $734.8k | Added +133.0k |
| Ares Systematic Credit Ltd 0.30% of their portfolio | 100.0k $490.3k | Unchanged |
| Virtus Fixed Income Advisers, LLC 0.27% of their portfolio | 88.0k $431.0k | New |
| UBS Group AG 0.00% of their portfolio | 24.0k $117.6k | Reduced -2.0k |
| VIRTUS ADVISERS, LLC 0.04% of their portfolio | 20.0k $98.0k | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 17.0k $83.4k | New |