Vault-13

MERITAGE HOMES CORP MTH 1.75 05.15.28

NOTE 1.750% 5/1 · US DOMESTIC · CUSIP 59001ABF8

62 institutional holders -4 vs Q2 2025
23,713,00023.7m shares reported held*
$692.6mreported value*
11 new 24 added 12 reduced 13 sold out net bought ≈ $77.7m (+3.3m 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 ($1.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.28.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q2 25: 66Q3 25: 6262Q2 25Q3 25
Numbers
QuarterHolders
Q2 202566
Q3 202562

Biggest buyers

JPMORGAN CHASE & CO Added +34,796,000+34.8m
LORD, ABBETT & CO. LLC New +31,834,000+31.8m
VOYA INVESTMENT MANAGEMENT LLC New +19,400,000+19.4m
PIER 88 INVESTMENT PARTNERS LLC Added +9,270,000+9.3m
VICTORY CAPITAL MANAGEMENT INC Added +7,590,000+7.6m
UBS Group AG New +7,116,000+7.1m
ADVENT CAPITAL MANAGEMENT /DE/ Added +7,034,000+7.0m
OAKTREE CAPITAL MANAGEMENT LP Added +6,618,000+6.6m
RATIONAL ADVISORS, INC. Added +4,910,000+4.9m
CITIGROUP INC New +3,426,000+3.4m

Biggest sellers

STEELHEAD PARTNERS LLC Sold out -14,341,000-14.3m
BlackRock, Inc. Reduced -12,851,000-12.9m
ZAZOVE ASSOCIATES LLC Reduced -11,125,000-11.1m
TENOR CAPITAL MANAGEMENT Co., L.P. Sold out -10,000,000-10.0m
AMERIPRISE FINANCIAL INC Sold out -8,000,000-8.0m
Lombard Odier Asset Management (Europe) Ltd Sold out -5,505,000-5.5m
FMR LLC Reduced -2,562,000-2.6m
NEW YORK STATE COMMON RETIREMENT FUND Reduced -2,489,000-2.5m
RWC Asset Management LLP Reduced -2,425,000-2.4m
Ameritas Investment Partners, Inc. Sold out -2,050,000-2.0m

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ADVENT CAPITAL MANAGEMENT /DE/ 2.58% of their portfolio NEW YORK, NY 111,695,000111.7m $114.9m $114.9m 2.58% Added +7.0m +7,034,000
2 VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio San Antonio, TX 65,567,00065.6m $67.1m $67.1m 0.04% Added +7.6m +7,590,000
3 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 60,898,00060.9m $62.4m $62.4m 0.00% Added +34.8m +34,796,000
4 BlackRock, Inc. 0.00% of their portfolio New York, NY 52,121,00052.1m $53.3m $53.3m 0.00% Reduced -12.9m -12,851,000
5 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 45,637,00045.6m $47.0m $47.0m 0.01% Added +2.9m +2,878,000
6 Wellesley Asset Management 3.90% of their portfolio PORTSMOUTH, NH 37,859,00037.9m $39.0m $39.0m 3.90% Added +883.0k +883,000
7 MacKay Shields LLC 1.29% of their portfolio New York, NY 37,024,00037.0m $38.0m $38.0m 1.29% Reduced -226.0k -226,000
8 LORD, ABBETT & CO. LLC 0.10% of their portfolio JERSEY CITY, NJ 31,834,00031.8m $32.7m $32.7m 0.10% New
9 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 19,400,00019.4m $20.0m $20.0m 0.02% New
10 PIER 88 INVESTMENT PARTNERS LLC 3.45% of their portfolio SAN FRANCISCO, CA 17,969,00018.0m $18.4m $18.4m 3.45% Added +9.3m +9,270,000
11 OAKTREE CAPITAL MANAGEMENT LP 0.22% of their portfolio LOS ANGELES, CA 12,695,00012.7m $13.1m $13.1m 0.22% Added +6.6m +6,618,000
12 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 12,000,00012.0m $12.3m $12.3m 0.01% Unchanged
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,450,00011.4m $11.8m $11.8m 0.00% Unchanged
14 FMR LLC 0.00% of their portfolio BOSTON, MA 11,068,00011.1m $11.3m $11.3m 0.00% Reduced -2.6m -2,562,000
15 ZAZOVE ASSOCIATES LLC 0.99% of their portfolio INCLINE VILLAGE, NV 10,650,00010.7m $10.9m $10.9m 0.99% Reduced -11.1m -11,125,000
16 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 9,583,0009.6m $9.9m $9.9m 0.00% Added +243.0k +243,000
17 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 8,629,0008.6m $8.8m $8.8m 0.04% Reduced -20.0k -20,000
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 8,308,0008.3m $8.5m $8.5m 0.00% Added +1.4m +1,378,000
19 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 8,215,0008.2m $8.5m $8.5m 0.02% Added +925.0k +925,000
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 7,187,0007.2m $7.4m $7.4m 0.00% Added +1.2m +1,214,000
21 UBS Group AG 0.00% of their portfolio ZURICH, V8 7,116,0007.1m $7.3m $7.3m 0.00% New
22 RATIONAL ADVISORS, INC. 0.71% of their portfolio San Juan, PR 7,022,0007.0m $7.2m $7.2m 0.71% Added +4.9m +4,910,000
23 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 6,240,0006.2m $6.4m $6.4m 0.01% Reduced -2.5m -2,489,000
24 WESTWOOD HOLDINGS GROUP INC 0.05% of their portfolio DALLAS, TX 6,140,0006.1m $6.3m $6.3m 0.05% Unchanged
25 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 6,010,0006.0m $6.2m $6.2m 0.01% Reduced -200.0k -200,000
26 CONNING INC. 0.20% of their portfolio HARTFORD, CT 5,940,0005.9m $6.1m $6.1m 0.20% Unchanged
27 SHENKMAN CAPITAL MANAGEMENT INC 0.61% of their portfolio NEW YORK, NY 5,918,0005.9m $6.2m $6.2m 0.61% Added +3.1m +3,135,000
28 INCOME RESEARCH & MANAGEMENT 2.87% of their portfolio Boston, MA 5,725,0005.7m $5.9m $5.9m 2.87% Added +345.0k +345,000
29 NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio TOKYO, M0 5,000,0005.0m $5.1m $5.1m 0.01% Unchanged
30 PALISADE CAPITAL MANAGEMENT, LP 0.12% of their portfolio FORT LEE, NJ 4,250,0004.2m $4.4m $4.4m 0.12% Added +250.0k +250,000
31 SSI INVESTMENT MANAGEMENT LLC 0.30% of their portfolio Los Angeles, CA 4,242,0004.2m $4.3m $4.3m 0.30% Added +1.9m +1,866,000
32 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 3,514,0003.5m $3.6m $3.6m 0.01% Unchanged
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,426,0003.4m $3.5m $3.5m 0.00% New
34 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $3.1m $3.1m 0.01% New
35 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 3,000,0003.0m $3.1m $3.1m 0.01% Added +1.9m +1,925,000
36 Kohlberg Kravis Roberts & Co. L.P. 0.05% of their portfolio NEW YORK, NY 2,648,0002.6m $2.7m $2.7m 0.05% Added +980.0k +980,000
37 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,563,0002.6m $2.6m $2.6m 0.00% Added +863.0k +863,000
38 RWC Asset Management LLP 0.10% of their portfolio LONDON, X0 2,075,0002.1m $2.1m $2.1m 0.10% Reduced -2.4m -2,425,000
39 Man Group plc 0.00% of their portfolio LONDON, X0 1,970,0002.0m $2.0m $2.0m 0.00% Reduced -680.0k -680,000
40 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,960,0002.0m $2.0m $2.0m 0.00% Added +60.0k +60,000
41 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 1,000,0001.0m $1.0m $1.0m 0.00% Unchanged
42 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 708,000708.0k $734.7k $734.7k 0.01% Added +369.0k +369,000
43 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 632,000632.0k $457.8k $457.8k 0.00% Added +332.0k +332,000
44 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 600,000600.0k $614.1k $614.1k 0.00% Unchanged
45 AEGON USA Investment Management, LLC 0.33% of their portfolio CEDAR RAPIDS, IA 475,000475.0k $486.1k $486.1k 0.33% Unchanged
46 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 238,000238.0k $243.6k $243.6k 0.00% Unchanged
47 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 194,000194.0k $198.6k $198.6k 0.00% Added +4.0k +4,000
48 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 149,000149.0k $150.4k $150.4k 0.00% Added +17.0k +17,000
49 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 111,000111.0k $1.1k $1.1k 0.00% Reduced -699.0k -699,000
50 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 59,00059.0k $60.4k $60.4k 0.00% Unchanged
51 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 43,00043.0k $44.0k $44.0k 0.00% New
52 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 42,00042.0k $43.0k $43.0k 0.00% New
53 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 35,00035.0k $35.8k $35.8k 0.01% Reduced -1.0k -1,000
54 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 28,00028.0k $28.8k $28.8k 0.00% Unchanged
55 LAFFER TENGLER INVESTMENTS, INC. 0.33% of their portfolio Scottsdale, AZ 20,04020.0k $2.1m $2.1m 0.33% New
56 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 14,75014.8k $1.5m $1.5m 0.01% Unchanged
57 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 13,00013.0k $13.3k $13.3k 0.00% Unchanged
58 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 11,00011.0k $1.1m $1.1m 0.00% New
59 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 10,00010.0k $10.1k $10.1k 0.00% Unchanged
60 COMERICA BANK 0.00% of their portfolio DALLAS, TX 4,0004.0k $4.1k $4.1k 0.00% New
61 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,0002.0k $2.0k $2.0k 0.00% New
62 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Reduced -500.0k -500,000