Vault-13

PPL CAP FDG INC PPL 2.875 03.15.28

NOTE 2.875% 3/1 · US DOMESTIC · CUSIP 69352PAS2

67 institutional holders +3 vs Q2 2024
56,366,80056.4m shares reported held*
$1.2bnreported value*
8 new 18 added 17 reduced 5 sold out net sold ≈ $94.2m (+3.9m 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 ($3.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $20.55.

Trends to Q3 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q1 24: 57Q2 24: 64Q3 24: 6767Q1 24Q2 24Q3 24
Numbers
QuarterHolders
Q1 202457
Q2 202464
Q3 202467

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 28 bought or addedQ2 24: 21 cut or sold outQ2 24Q3 24: 26 bought or addedQ3 24: 22 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q2 20242821
Q3 20242622

Biggest buyers

Polar Asset Management Partners Inc. Added +50,000,000+50.0m
Linden Advisors LP Added +14,500,000+14.5m
SILVERBACK ASSET MANAGEMENT LLC New +10,000,000+10.0m
AMERIPRISE FINANCIAL INC New +8,030,000+8.0m
SSI INVESTMENT MANAGEMENT LLC Added +4,808,000+4.8m
OAKTREE CAPITAL MANAGEMENT LP New +4,491,000+4.5m
LORD, ABBETT & CO. LLC Added +3,730,000+3.7m
TORONTO DOMINION BANK Added +3,400,000+3.4m
D. E. Shaw & Co., Inc. New +2,450,000+2.5m
JANE STREET GROUP, LLC Added +2,004,000+2.0m

Biggest sellers

ZAZOVE ASSOCIATES LLC Reduced -49,150,000-49.1m
ARISTEIA CAPITAL, L.L.C. Reduced -43,500,000-43.5m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -27,625,000-27.6m
WELLINGTON MANAGEMENT GROUP LLP Sold out -18,470,000-18.5m
MORGAN STANLEY Reduced -14,487,000-14.5m
VICTORY CAPITAL MANAGEMENT INC Reduced -11,488,000-11.5m
MARSHALL WACE, LLP Reduced -6,500,000-6.5m
JPMORGAN CHASE & CO Reduced -5,834,000-5.8m
AQR Arbitrage LLC Sold out -5,370,000-5.4m
TWO SIGMA INVESTMENTS, LP Sold out -4,641,000-4.6m

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Polar Asset Management Partners Inc. 2.54% of their portfolio TORONTO, A6 100,000,000100.0m $106.1m $106.1m 2.54% Added +50.0m +50,000,000
2 Calamos Advisors LLC 0.50% of their portfolio NAPERVILLE, IL 99,438,00099.4m $105.5m $105.5m 0.50% Added +111.0k +111,000
3 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 68,730,00068.7m $72.7m $72.7m 0.01% Reduced -3.1m -3,130,000
4 CAMDEN ASSET MANAGEMENT L P /CA 1.64% of their portfolio Los Angeles, CA 59,010,00059.0m $62.4m $62.4m 1.64% Reduced -27.6m -27,625,000
5 VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio San Antonio, TX 57,776,00057.8m $61.2m $61.2m 0.06% Reduced -11.5m -11,488,000
6 ADVENT CAPITAL MANAGEMENT /DE/ 1.27% of their portfolio NEW YORK, NY 47,831,00047.8m $50.8m $50.8m 1.27% Added +52.0k +52,000
7 ZAZOVE ASSOCIATES LLC 5.12% of their portfolio INCLINE VILLAGE, NV 45,150,00045.1m $47.9m $47.9m 5.12% Reduced -49.1m -49,150,000
8 Linden Advisors LP 0.38% of their portfolio New York, NY 42,500,00042.5m $45.0m $45.0m 0.38% Added +14.5m +14,500,000
9 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 33,500,00033.5m $35.5m $35.5m 0.05% Reduced -6.5m -6,500,000
10 Wellesley Asset Management 2.75% of their portfolio PORTSMOUTH, NH 26,639,00026.6m $28.3m $28.3m 2.75% Reduced -3.8m -3,796,649
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 21,700,00021.7m $23.0m $23.0m 0.00% Added +1.8m +1,800,000
12 Sculptor Capital LP 0.42% of their portfolio New York, NY 20,000,00020.0m $21.2m $21.2m 0.42% Unchanged
13 PIER 88 INVESTMENT PARTNERS LLC 4.36% of their portfolio SAN FRANCISCO, CA 18,690,00018.7m $19.8m $19.8m 4.36% Unchanged
14 SSI INVESTMENT MANAGEMENT LLC 1.20% of their portfolio Los Angeles, CA 15,412,00015.4m $16.3m $16.3m 1.20% Added +4.8m +4,808,000
15 Aequim Alternative Investments LP 0.56% of their portfolio MILL VALLEY, CA 15,000,00015.0m $15.9m $15.9m 0.56% Unchanged
16 FMR LLC 0.00% of their portfolio BOSTON, MA 12,795,00012.8m $13.5m $13.5m 0.00% Reduced -490.0k -490,000
17 INCOME RESEARCH & MANAGEMENT 6.06% of their portfolio Boston, MA 11,900,00011.9m $12.6m $12.6m 6.06% Unchanged
18 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 11,630,00011.6m $12.3m $12.3m 0.04% Added +3.7m +3,730,000
19 SILVERBACK ASSET MANAGEMENT LLC 1.49% of their portfolio DURHAM, NC 10,000,00010.0m $10.6m $10.6m 1.49% New
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 9,234,5009.2m $9.8m $9.8m 0.00% Added +1.6m +1,617,500
21 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 8,524,0008.5m $9.0m $9.0m 0.02% Reduced -3.3m -3,331,000
22 BlackRock, Inc. 0.00% of their portfolio New York, NY 8,212,0008.2m $8.7m $8.7m 0.00% First filing
23 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 8,030,0008.0m $8.5m $8.5m 0.00% New
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,662,0007.7m $8.1m $8.1m 0.00% Reduced -14.5m -14,487,000
25 GABELLI FUNDS LLC 0.06% of their portfolio Rye, NY 7,600,0007.6m $8.1m $8.1m 0.06% Unchanged
26 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 7,134,0007.1m $7.4m $7.4m 0.00% Added +444.0k +444,000
27 Cutler Capital Management, LLC 2.41% of their portfolio WORCESTER, MA 6,455,0006.5m $6.8m $6.8m 2.41% Added +225.0k +225,000
28 RATIONAL ADVISORS, INC. 0.62% of their portfolio San Juan, PR 6,120,0006.1m $6.5m $6.5m 0.62% Unchanged
29 RWC Asset Management LLP 0.37% of their portfolio LONDON, X0 6,000,0006.0m $6.4m $6.4m 0.37% Unchanged
30 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 5,000,0005.0m $5.3m $5.3m 0.01% Added +3.4m +3,400,000
31 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 4,704,0004.7m $4.9m $4.9m 0.01% Added +2.0m +2,004,000
32 Ameritas Investment Partners, Inc. 0.16% of their portfolio LINCOLN, NE 4,550,0004.5m $4.8m $4.8m 0.16% Reduced -2.0m -2,000,000
33 OAKTREE CAPITAL MANAGEMENT LP 0.08% of their portfolio LOS ANGELES, CA 4,491,0004.5m $4.8m $4.8m 0.08% New
34 ARISTEIA CAPITAL, L.L.C. 0.14% of their portfolio GREENWICH, CT 3,741,0003.7m $4.0m $4.0m 0.14% Reduced -43.5m -43,500,000
35 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 3,525,0003.5m $3.7m $3.7m 0.01% Unchanged
36 LOOMIS SAYLES & CO L P 0.13% of their portfolio BOSTON, MA 3,018,2423.0m $99.8m $99.8m 0.13% Reduced -1.8k -1,761
37 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 2,450,0002.5m $2.6m $2.6m 0.00% New
38 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,154,0002.2m $2.3m $2.3m 0.00% Added +1.8m +1,777,000
39 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,613,0001.6m $1.7m $1.7m 0.00% Added +646.0k +646,000
40 WESTWOOD HOLDINGS GROUP INC 0.67% of their portfolio DALLAS, TX 1,500,0001.5m $158.7m $158.7m 0.67% Unchanged
41 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,431,0001.4m $1.5m $1.5m 0.00% New
42 AEGON USA Investment Management, LLC 0.90% of their portfolio CEDAR RAPIDS, IA 1,122,0001.1m $1.2m $1.2m 0.90% Unchanged
43 Calamos Wealth Management LLC 0.05% of their portfolio NAPERVILLE, IL 917,000917.0k $973.0k $973.0k 0.05% Reduced -7.0k -7,000
44 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 600,000600.0k $635.8k $635.8k 0.00% Unchanged
45 FIRST HAWAIIAN BANK 0.02% of their portfolio HONOLULU, HI 595,000595.0k $629.5k $629.5k 0.02% Added +76.0k +76,000
46 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 515,000515.0k $544.9k $544.9k 0.00% Reduced -10.0k -10,000
47 MacKay Shields LLC 0.01% of their portfolio New York, NY 500,000500.0k $530.9k $530.9k 0.01% Unchanged
48 Teton Advisors, Inc. 0.24% of their portfolio Rye, NY 500,000500.0k $530.5k $530.5k 0.24% Unchanged
49 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 387,000387.0k $410.9k $410.9k 0.00% Reduced -40.0k -40,000
50 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 368,000368.0k $388.9k $388.9k 0.00% Reduced -5.8m -5,834,000
51 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 300,000300.0k $318.3k $318.3k 0.00% Unchanged
52 Central Pacific Bank - Trust Division 0.03% of their portfolio HONOLULU, HI 262,000262.0k $277.2k $277.2k 0.03% New
53 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 162,000162.0k $172.5k $172.5k 0.00% Added +85.0k +85,000
54 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 84,00084.0k $88.9k $88.9k 0.00% Added +2.0k +2,000
55 Virtus Investment Advisers, LLC 0.05% of their portfolio HARTFORD, CT 60,00060.0k $63.5k $63.5k 0.05% Unchanged
56 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 57,00057.0k $60.6k $60.6k 0.00% Unchanged
57 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 20,00020.0k $21.2k $21.2k 0.00% Unchanged
58 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 16,00016.0k $16.9k $16.9k 0.00% Unchanged
59 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 15,00015.0k $15.0k $15.0k 0.00% Unchanged
60 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 15,00015.0k $15.8k $15.8k 0.00% Unchanged
61 Context Capital Management, LLC 0.39% of their portfolio LAJOLLA, CA 13,46513.5k $14.3m $14.3m 0.39% Reduced -5.0k -5,000
62 FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. 0.01% of their portfolio SALINE, MI 13,00013.0k $14.0k $14.0k 0.01% New
63 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 13,00013.0k $13.7k $13.7k 0.00% Unchanged
64 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,00012.0k $12.7k $12.7k 0.00% New
65 LAFFER TENGLER INVESTMENTS, INC. 0.55% of their portfolio Scottsdale, AZ 2,5582.6k $2.7m $2.7m 0.55% Added +18 +18
66 Alken Asset Management Ltd 0.07% of their portfolio LONDON, X0 2,5502.5k $2.7k $2.7k 0.07% Unchanged
67 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged