Vault-13

TXNM ENERGY INC TXNM 5.75 06.01.54

NOTE 5.750% 6/0 · US DOMESTIC · CUSIP 69349HAF4

24 institutional holders -2 vs Q1 2026
1,105,0001.1m shares reported held*
$714.8mreported value*
1 new 10 added 3 reduced 3 sold out net sold ≈ $8.8m

* 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 ≈ $646.86.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q2 25: 34Q3 25: 29Q4 25: 27Q1 26: 26Q2 26: 2424Q2 25Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q2 202534
Q3 202529
Q4 202527
Q1 202626
Q2 202624

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 25: 6 bought or addedQ3 25: 12 cut or sold outQ3 25Q4 25: 7 bought or addedQ4 25: 7 cut or sold outQ4 25Q1 26: 12 bought or addedQ1 26: 9 cut or sold outQ1 26Q2 26: 11 bought or addedQ2 26: 6 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2025612
Q4 202577
Q1 2026129
Q2 2026116

Biggest buyers

MIRABELLA FINANCIAL SERVICES LLP Added +47,500,000+47.5m
WELLS FARGO & COMPANY/MN Added +16,205,000+16.2m
Aequim Alternative Investments LP Added +12,500,000+12.5m
HBK INVESTMENTS L P Added +7,500,000+7.5m
Calamos Advisors LLC Added +7,453,000+7.5m
BlackRock, Inc. Added +2,625,000+2.6m
Warberg Asset Management LLC Added +1,809,000+1.8m
WOLVERINE ASSET MANAGEMENT LLC Added +1,500,000+1.5m
STATE STREET CORP Added +900,000+900.0k
Jefferies Financial Group Inc. New +57,000+57.0k

Biggest sellers

Zimmer Partners, LP Sold out -95,022,000-95.0m
Sculptor Capital LP Reduced -1,000,000-1.0m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -960,000-960.0k
JANE STREET GROUP, LLC Sold out -400,000-400.0k
Skaana Management L.P. Reduced -33,000-33.0k
NINE MASTS CAPITAL Ltd Sold out -2,500-2.5k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Aequim Alternative Investments LP 2.49% of their portfolio MILL VALLEY, CA 122,500,000122.5m $160.1m $160.1m 2.49% Added +12.5m +12,500,000
2 MIRABELLA FINANCIAL SERVICES LLP 5.60% of their portfolio London, X0 52,500,00052.5m $58.1m $58.1m 5.60% Added +47.5m +47,500,000
3 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 40,575,00040.6m $52.8m $52.8m 0.01% Added +16.2m +16,205,000
4 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 40,000,00040.0m $52.3m $52.3m 0.01% Unchanged
5 Verition Fund Management LLC 0.37% of their portfolio GREENWICH, CT 40,000,00040.0m $52.3m $52.3m 0.37% Unchanged
6 HBK INVESTMENTS L P 0.53% of their portfolio DALLAS, TX 34,500,00034.5m $45.1m $45.1m 0.53% Added +7.5m +7,500,000
7 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 32,920,00032.9m $43.0m $43.0m 0.03% Reduced -960.0k -960,000
8 Calamos Advisors LLC 0.15% of their portfolio NAPERVILLE, IL 32,419,00032.4m $42.3m $42.3m 0.15% Added +7.5m +7,453,000
9 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 24,350,00024.4m $31.8m $31.8m 0.02% Unchanged
10 Sculptor Capital LP 0.26% of their portfolio New York, NY 19,000,00019.0m $24.8m $24.8m 0.26% Reduced -1.0m -1,000,000
11 BlackRock, Inc. 0.00% of their portfolio New York, NY 11,450,00011.4m $14.9m $14.9m 0.00% Added +2.6m +2,625,000
12 WOLVERINE ASSET MANAGEMENT LLC 0.16% of their portfolio CHICAGO, IL 9,450,0009.4m $12.3m $12.3m 0.16% Added +1.5m +1,500,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,015,0008.0m $10.5m $10.5m 0.00% Added +900.0k +900,000
14 Warberg Asset Management LLC 2.63% of their portfolio WINNETKA, IL 6,809,0006.8m $8.9m $8.9m 2.63% Added +1.8m +1,809,000
15 WATER ISLAND CAPITAL LLC 0.83% of their portfolio NEW YORK, NY 6,000,0006.0m $7.8m $7.8m 0.83% Unchanged
16 PenderFund Capital Management Ltd. 0.99% of their portfolio VANCOUVER, A1 5,900,0005.9m $7.7m $7.7m 0.99% Unchanged
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,833,0005.8m $7.6m $7.6m 0.00% Unchanged
18 Skaana Management L.P. 1.54% of their portfolio BROOKLYN, NY 4,424,0004.4m $5.8m $5.8m 1.54% Reduced -33.0k -33,000
19 Police & Firemen's Retirement System of New Jersey 0.01% of their portfolio TRENTON, NJ 950,000950.0k $1.2m $1.2m 0.01% Unchanged
20 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 265,000265.0k $346.6k $346.6k 0.00% Unchanged
21 Financiere des Professionnels - Fonds d'investissement inc. 0.01% of their portfolio MONTREAL, A8 155,000155.0k $202.5k $202.5k 0.01% Unchanged
22 Shaolin Capital Management LLC 4.24% of their portfolio Miami, FL 57,30057.3k $74.8m $74.8m 4.24% Added +1.1k +1,077
23 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 57,00057.0k $74.5k $74.5k 0.00% New
24 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 32,00032.0k $42.0k $42.0k 0.00% Unchanged