Vault-13

MERITAGE HOMES CORP MTH 1.75 05.15.28

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

63 institutional holders +0 vs Q4 2025
20,610,55620.6m shares reported held*
$549.6mreported value*
14 new 14 added 15 reduced 13 sold out net sold ≈ $23.2m (-950.0k 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 ($1.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $26.73.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q2 25: 66Q3 25: 62Q4 25: 63Q1 26: 6363Q2 25Q3 25Q4 25Q1 26
Numbers
QuarterHolders
Q2 202566
Q3 202562
Q4 202563
Q1 202663

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 25: 35 bought or addedQ3 25: 25 cut or sold outQ3 25Q4 25: 18 bought or addedQ4 25: 30 cut or sold outQ4 25Q1 26: 28 bought or addedQ1 26: 28 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q3 20253525
Q4 20251830
Q1 20262828

Biggest buyers

VICTORY CAPITAL MANAGEMENT INC Added +22,021,000+22.0m
LORD, ABBETT & CO. LLC Added +13,845,000+13.8m
PenderFund Capital Management Ltd. New +12,000,000+12.0m
SHENKMAN CAPITAL MANAGEMENT INC New +9,800,000+9.8m
WELLS FARGO & COMPANY/MN Added +8,847,000+8.8m
BANK OF AMERICA CORP /DE/ Added +7,028,000+7.0m
TORONTO DOMINION BANK New +5,445,000+5.4m
Jefferies Financial Group Inc. Added +2,944,000+2.9m
JPMORGAN CHASE & CO Added +2,887,000+2.9m
BlackRock, Inc. Added +2,012,000+2.0m

Biggest sellers

ADVENT CAPITAL MANAGEMENT /DE/ Reduced -52,285,000-52.3m
VOYA INVESTMENT MANAGEMENT LLC Sold out -23,400,000-23.4m
MacKay Shields LLC Reduced -8,245,000-8.2m
FRANKLIN RESOURCES INC Reduced -7,883,000-7.9m
WESTWOOD HOLDINGS GROUP INC Sold out -6,140,000-6.1m
JONES ROAD CAPITAL MANAGEMENT, L.P. Sold out -5,000,000-5.0m
SSI INVESTMENT MANAGEMENT LLC Sold out -3,834,000-3.8m
CITIGROUP INC Reduced -3,448,000-3.4m
NEW YORK STATE COMMON RETIREMENT FUND Sold out -3,034,000-3.0m
WELLINGTON MANAGEMENT GROUP LLP Reduced -1,536,000-1.5m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio San Antonio, TX 92,144,00092.1m $88.8m $88.8m 0.06% Added +22.0m +22,021,000
2 BlackRock, Inc. 0.00% of their portfolio New York, NY 54,363,00054.4m $52.4m $52.4m 0.00% Added +2.0m +2,012,000
3 ADVENT CAPITAL MANAGEMENT /DE/ 1.52% of their portfolio NEW YORK, NY 52,841,00052.8m $51.5m $51.5m 1.52% Reduced -52.3m -52,285,000
4 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 42,359,00042.4m $41.1m $41.1m 0.01% Reduced -1.5m -1,536,000
5 Wellesley Asset Management 3.45% of their portfolio PORTSMOUTH, NH 33,972,00034.0m $32.9m $32.9m 3.45% Reduced -172.0k -172,000
6 LORD, ABBETT & CO. LLC 0.11% of their portfolio JERSEY CITY, NJ 33,795,00033.8m $32.7m $32.7m 0.11% Added +13.8m +13,845,000
7 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 31,137,00031.1m $29.9m $29.9m 0.00% Added +2.9m +2,887,000
8 MacKay Shields LLC 1.00% of their portfolio New York, NY 28,125,00028.1m $27.2m $27.2m 1.00% Reduced -8.2m -8,245,000
9 PIER 88 INVESTMENT PARTNERS LLC 4.88% of their portfolio SAN FRANCISCO, CA 19,761,00019.8m $19.0m $19.0m 4.88% Added +1.3m +1,272,000
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 14,848,00014.8m $14.3m $14.3m 0.00% Added +7.0m +7,028,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 13,000,00013.0m $12.6m $12.6m 0.00% Added +550.0k +550,000
12 PenderFund Capital Management Ltd. 1.83% of their portfolio VANCOUVER, A1 12,000,00012.0m $11.7m $11.7m 1.83% New
13 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 11,500,00011.5m $11.1m $11.1m 0.01% Unchanged
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11,408,00011.4m $11.0m $11.0m 0.00% Added +8.8m +8,847,000
15 SHENKMAN CAPITAL MANAGEMENT INC 1.15% of their portfolio NEW YORK, NY 9,800,0009.8m $9.6m $9.6m 1.15% New
16 RATIONAL ADVISORS, INC. 0.89% of their portfolio San Juan, PR 9,102,0009.1m $8.8m $8.8m 0.89% Added +1.6m +1,560,000
17 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 8,085,0008.1m $7.8m $7.8m 0.03% Reduced -544.0k -544,000
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,269,0007.3m $7.0m $7.0m 0.00% Reduced -388.0k -388,000
19 FMR LLC 0.00% of their portfolio BOSTON, MA 6,481,0006.5m $6.2m $6.2m 0.00% Reduced -1.0m -1,000,000
20 INCOME RESEARCH & MANAGEMENT 3.55% of their portfolio Boston, MA 6,215,0006.2m $6.0m $6.0m 3.55% Unchanged
21 CONNING INC. 0.19% of their portfolio HARTFORD, CT 5,940,0005.9m $5.7m $5.7m 0.19% Unchanged
22 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 5,820,0005.8m $5.6m $5.6m 0.01% Reduced -80.0k -80,000
23 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 5,514,0005.5m $5.4m $5.4m 0.01% Added +2.0m +2,000,000
24 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 5,445,0005.4m $5.3m $5.3m 0.01% New
25 Lombard Odier Asset Management (Europe) Ltd 0.28% of their portfolio LONDON, X0 5,300,0005.3m $5.2m $5.2m 0.28% Reduced -105.0k -105,000
26 NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio TOKYO, M0 5,000,0005.0m $4.8m $4.8m 0.01% Unchanged
27 ZAZOVE ASSOCIATES LLC 0.19% of their portfolio INCLINE VILLAGE, NV 4,150,0004.2m $4.1m $4.1m 0.19% Unchanged
28 Jefferies Financial Group Inc. 0.05% of their portfolio NEW YORK, NY 4,000,0004.0m $3.9m $3.9m 0.05% Added +2.9m +2,944,000
29 PALISADE CAPITAL MANAGEMENT, LP 0.10% of their portfolio FORT LEE, NJ 3,193,0003.2m $3.1m $3.1m 0.10% Reduced -963.0k -963,000
30 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $2.9m $2.9m 0.01% Unchanged
31 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 2,960,0003.0m $2.9m $2.9m 0.00% Unchanged
32 Kohlberg Kravis Roberts & Co. L.P. 0.05% of their portfolio NEW YORK, NY 2,648,0002.6m $2.6m $2.6m 0.05% Unchanged
33 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 2,275,0002.3m $2.2m $2.2m 0.01% Unchanged
34 OAKTREE CAPITAL MANAGEMENT LP 0.03% of their portfolio LOS ANGELES, CA 1,900,0001.9m $1.8m $1.8m 0.03% New
35 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,710,0001.7m $1.7m $1.7m 0.00% Reduced -250.0k -250,000
36 GROUPAMA ASSET MANAGMENT 0.02% of their portfolio PARIS, I0 1,700,0001.7m $1.6m $1.6m 0.02% Unchanged
37 Man Group plc 0.00% of their portfolio LONDON, X0 1,470,0001.5m $1.4m $1.4m 0.00% Reduced -250.0k -250,000
38 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 1,000,0001.0m $973.3k $973.3k 0.00% Unchanged
39 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 993,000993.0k $961.2k $961.2k 0.00% Reduced -7.9m -7,883,000
40 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 981,000981.0k $944.7k $944.7k 0.00% Reduced -3.4m -3,448,000
41 SSI INVESTMENT MANAGEMENT LLC 0.04% of their portfolio Los Angeles, CA 565,000565.0k $544.1k $544.1k 0.04% New
42 AEGON USA Investment Management, LLC 0.36% of their portfolio CEDAR RAPIDS, IA 475,000475.0k $457.4k $457.4k 0.36% Unchanged
43 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 238,000238.0k $229.2k $229.2k 0.00% Unchanged
44 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 227,000227.0k $218.6k $218.6k 0.00% New
45 UBS Group AG 0.00% of their portfolio ZURICH, V8 207,000207.0k $199.3k $199.3k 0.00% Added +187.0k +187,000
46 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 188,000188.0k $181.0k $181.0k 0.00% Reduced -5.0k -5,000
47 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 158,000158.0k $152.2k $152.2k 0.00% Added +11.0k +11,000
48 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 59,00059.0k $56.8k $56.8k 0.00% Unchanged
49 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 54,00054.0k $52.0k $52.0k 0.00% Unchanged
50 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 50,00050.0k $48.2k $48.2k 0.00% New
51 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 36,00036.0k $34.7k $34.7k 0.00% New
52 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 36,00036.0k $34.8k $34.8k 0.01% Added +2.0k +2,000
53 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 34,00034.0k $32.9k $32.9k 0.00% Unchanged
54 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 28,00028.0k $27.1k $27.1k 0.00% Unchanged
55 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 22,00022.0k $21.2k $21.2k 0.00% New
56 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 14,75014.8k $1.4m $1.4m 0.00% Unchanged
57 Suncoast Equity Management 0.00% of their portfolio TAMPA, FL 13,00013.0k $12.6k $12.6k 0.00% New
58 Inspire Advisors, LLC 0.00% of their portfolio Meridian, ID 11,00011.0k $10.6k $10.6k 0.00% New
59 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 4,0004.0k $3.9k $3.9k 0.00% New
60 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 3,0003.0k $2.9k $2.9k 0.00% New
61 LAFFER TENGLER INVESTMENTS, INC. 0.29% of their portfolio Scottsdale, AZ 1,9932.0k $2.0m $2.0m 0.29% New
62 ODDO BHF ASSET MANAGEMENT SAS 0.02% of their portfolio PARIS, I0 556556 $541.1k $541.1k 0.02% Unchanged
63 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Unchanged