PPL CAP FDG INC PPL 2.875 03.15.28
NOTE 2.875% 3/1 · US DOMESTIC · CUSIP 69352PAS2
73
institutional holders
+6 vs Q3 2024
54.8m
shares reported held*
$1.0bnreported value*
13 new
18 added
18 reduced
8 sold out
net bought ≈ $77.2m (-1.5m 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 ($3.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.74.
Trends to Q4 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2024 | 57 |
| Q2 2024 | 64 |
| Q3 2024 | 67 |
| Q4 2024 | 73 |
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 |
|---|---|---|
| Q2 2024 | 28 | 21 |
| Q3 2024 | 26 | 22 |
| Q4 2024 | 31 | 26 |
Biggest buyers
| ADVENT CAPITAL MANAGEMENT /DE/ | Added | +55.7m |
| Polar Asset Management Partners Inc. | Added | +40.0m |
| BlackRock, Inc. | Added | +30.5m |
| Sculptor Capital LP | Added | +10.5m |
| Kohlberg Kravis Roberts & Co. L.P. | New | +9.0m |
| NEW YORK STATE COMMON RETIREMENT FUND | New | +8.9m |
| MARSHALL WACE, LLP | Added | +7.5m |
| ANGELO GORDON & CO., L.P. | New | +7.5m |
| LORD, ABBETT & CO. LLC | New | +5.2m |
| JPMORGAN CHASE & CO | Added | +4.2m |
Biggest sellers
| Linden Advisors LP | Sold out | -42.5m |
| CAMDEN ASSET MANAGEMENT L P /CA | Reduced | -24.7m |
| LORD, ABBETT & CO. LLC | Sold out | -11.6m |
| SILVERBACK ASSET MANAGEMENT LLC | Sold out | -10.0m |
| Wellesley Asset Management | Reduced | -9.7m |
| JANE STREET GROUP, LLC | Sold out | -4.7m |
| ZAZOVE ASSOCIATES LLC | Reduced | -2.6m |
| Ameritas Investment Partners, Inc. | Reduced | -2.5m |
| D. E. Shaw & Co., Inc. | Sold out | -2.5m |
| WELLS FARGO & COMPANY/MN | Reduced | -2.0m |
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| Polar Asset Management Partners Inc. 2.16% of their portfolio | 140.0m $146.4m | Added +40.0m |
| ADVENT CAPITAL MANAGEMENT /DE/ 2.51% of their portfolio | 103.5m $108.3m | Added +55.7m |
| Calamos Advisors LLC 0.48% of their portfolio | 99.0m $103.4m | Reduced -437.0k |
| Invesco Ltd. 0.01% of their portfolio | 68.7m $71.7m | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 57.6m $60.1m | Reduced -151.0k |
| ZAZOVE ASSOCIATES LLC 4.27% of their portfolio | 42.5m $44.4m | Reduced -2.6m |
| MARSHALL WACE, LLP 0.05% of their portfolio | 41.0m $42.8m | Added +7.5m |
| BlackRock, Inc. 0.00% of their portfolio | 38.7m $40.3m | Added +30.5m |
| CAMDEN ASSET MANAGEMENT L P /CA 0.95% of their portfolio | 34.4m $35.8m | Reduced -24.7m |
| Sculptor Capital LP 0.51% of their portfolio | 30.5m $31.9m | Added +10.5m |
| STATE STREET CORP 0.00% of their portfolio | 22.0m $23.2m | Added +335.0k |
| PIER 88 INVESTMENT PARTNERS LLC 4.29% of their portfolio | 20.9m $21.8m | Added +2.2m |
| Aequim Alternative Investments LP 0.59% of their portfolio | 17.5m $18.3m | Added +2.5m |
| Wellesley Asset Management 1.84% of their portfolio | 17.0m $17.7m | Reduced -9.7m |
| SSI INVESTMENT MANAGEMENT LLC 1.18% of their portfolio | 15.2m $15.9m | Reduced -185.0k |
| FMR LLC 0.00% of their portfolio | 13.6m $14.2m | Added +830.0k |
| INCOME RESEARCH & MANAGEMENT 5.92% of their portfolio | 11.9m $12.4m | Unchanged |
| Kohlberg Kravis Roberts & Co. L.P. 0.25% of their portfolio | 9.0m $9.3m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 8.9m $9.3m | New |
| MORGAN STANLEY 0.00% of their portfolio | 8.5m $8.9m | Added +850.0k |
| OAKTREE CAPITAL MANAGEMENT LP 0.17% of their portfolio | 8.5m $8.9m | Added +4.0m |
| Thrivent Financial for Lutherans 0.02% of their portfolio | 8.4m $8.7m | Reduced -145.0k |
| RATIONAL ADVISORS, INC. 0.85% of their portfolio | 8.3m $8.7m | Added +2.2m |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 8.0m $8.4m | Added +3.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 7.7m $8.0m | Reduced -1.5m |
| GABELLI FUNDS LLC 0.06% of their portfolio | 7.6m $7.9m | Unchanged |
| ANGELO GORDON & CO., L.P. 1.56% of their portfolio | 7.5m $7.8m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 7.1m $7.5m | Unchanged |
| MUFG SECURITIES AMERICAS INC. 0.88% of their portfolio | 6.7m $7.0m | First filing |
| Cutler Capital Management, LLC 2.34% of their portfolio | 6.4m $6.7m | Reduced -20.0k |
| RWC Asset Management LLP 0.31% of their portfolio | 6.0m $6.3m | Unchanged |
| LORD, ABBETT & CO. LLC 0.02% of their portfolio | 5.2m $5.4m | New |
| TORONTO DOMINION BANK 0.01% of their portfolio | 5.0m $5.2m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 4.5m $4.7m | Added +4.2m |
| ARISTEIA CAPITAL, L.L.C. 0.14% of their portfolio | 3.7m $3.9m | Unchanged |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 3.7m $3.9m | Added +150.0k |
| Ameritas Investment Partners, Inc. 0.07% of their portfolio | 2.0m $2.1m | Reduced -2.5m |
| LOOMIS SAYLES & CO L P 0.08% of their portfolio | 1.8m $59.5m | Reduced -1.2m |
| WESTWOOD HOLDINGS GROUP INC 0.01% of their portfolio | 1.5m $1.6m | Unchanged |
| AEGON USA Investment Management, LLC 0.90% of their portfolio | 1.1m $1.2m | Unchanged |
| AGF MANAGEMENT LTD 0.01% of their portfolio | 1.0m $1.0m | New |
| Calamos Wealth Management LLC 0.04% of their portfolio | 852.0k $890.0k | Reduced -65.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 600.0k $627.1k | Unchanged |
| FIRST HAWAIIAN BANK 0.02% of their portfolio | 595.0k $620.6k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 514.0k $537.3k | Reduced -917.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 501.0k $522.5k | Reduced -14.0k |
| MacKay Shields LLC 0.02% of their portfolio | 500.0k $523.4k | Unchanged |
| Teton Advisors, Inc. 0.27% of their portfolio | 500.0k $522.3k | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 449.0k $470.0k | Added +62.0k |
| GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio | 300.0k $313.4k | Unchanged |
| Central Pacific Bank - Trust Division 0.04% of their portfolio | 262.0k $273.3k | Unchanged |
| &PARTNERS 0.00% of their portfolio | 165.0k $171.7k | Added +3.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 154.0k $161.0k | Reduced -2.0m |
| Cetera Investment Advisers 0.00% of their portfolio | 84.0k $87.6k | Unchanged |
| CHOREO, LLC 0.00% of their portfolio | 57.0k $59.8k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 35.0k $36.5k | New |
| Bleakley Financial Group, LLC 0.00% of their portfolio | 31.0k $32.2k | New |
| LPL Financial LLC 0.00% of their portfolio | 23.0k $23.9k | New |
| INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio | 20.0k $20.9k | Unchanged |
| Blue Trust, Inc. 0.00% of their portfolio | 17.0k $17.7k | New |
| Goldstein Advisors, LLC 0.00% of their portfolio | 15.0k $15.6k | Unchanged |
| Marcum Wealth, LLC 0.00% of their portfolio | 14.0k $14.6k | Reduced -2.0k |
| Oaktree Fund Advisors, LLC 0.02% of their portfolio | 14.0k $14.7k | New |
| FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. 0.01% of their portfolio | 13.0k $13.5k | Unchanged |
| HB Wealth Management, LLC 0.00% of their portfolio | 13.0k $13.5k | Unchanged |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 12.0k $12.5k | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 10.0k $10.0k | New |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 8.4k $272.2k | New |
| Context Capital Management, LLC 0.32% of their portfolio | 7.8k $8.2m | Reduced -5.7k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 6.0k $6.3k | New |
| LAFFER TENGLER INVESTMENTS, INC. 0.55% of their portfolio | 2.6k $2.8m | Added +64 |
| LANARK FINANCIAL, INC. 0.00% of their portfolio | 15 $15 | Reduced -15.0k |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |