Vault-13

PARSONS CORP DEL PSN 2.625 03.01.29

NOTE 2.625% 3/0 · US DOMESTIC · CUSIP 70202LAD4

74 institutional holders +7 vs Q3 2025
43,431,16343.4m shares reported held*
$2.3bnreported value*
16 new 16 added 26 reduced 8 sold out net sold ≈ $9.2m (+19.2m 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 ($3.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $53.14.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q1 25: 63Q2 25: 76Q3 25: 67Q4 25: 7474Q1 25Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q1 202563
Q2 202576
Q3 202567
Q4 202574

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q2 25: 48 bought or addedQ2 25: 19 cut or sold outQ2 25Q3 25: 28 bought or addedQ3 25: 33 cut or sold outQ3 25Q4 25: 32 bought or addedQ4 25: 34 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q2 20254819
Q3 20252833
Q4 20253234

Biggest buyers

Nuveen, LLC New +21,506,000+21.5m
SHENKMAN CAPITAL MANAGEMENT INC Added +17,883,000+17.9m
SONA ASSET MANAGEMENT (US) LLC New +16,877,000+16.9m
LAZARD ASSET MANAGEMENT LLC New +15,481,000+15.5m
Lombard Odier Asset Management (Europe) Ltd New +13,740,000+13.7m
READYSTATE ASSET MANAGEMENT LP New +12,000,000+12.0m
Amundi New +9,000,000+9.0m
BARINGS LLC Added +8,019,000+8.0m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. New +7,495,000+7.5m
VICTORY CAPITAL MANAGEMENT INC Added +7,099,000+7.1m

Biggest sellers

FMR LLC Reduced -44,597,000-44.6m
Calamos Advisors LLC Reduced -23,933,000-23.9m
VOYA INVESTMENT MANAGEMENT LLC Reduced -17,345,000-17.3m
JPMORGAN CHASE & CO Reduced -16,080,000-16.1m
OAKTREE CAPITAL MANAGEMENT LP Reduced -11,750,000-11.8m
LORD, ABBETT & CO. LLC Reduced -10,730,000-10.7m
SSI INVESTMENT MANAGEMENT LLC Reduced -6,327,000-6.3m
GABELLI FUNDS LLC Reduced -3,550,000-3.5m
WELLINGTON MANAGEMENT GROUP LLP Reduced -2,339,000-2.3m
MACQUARIE GROUP LTD Sold out -2,100,000-2.1m

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.17% of their portfolio ATLANTA, GA 164,145,000164.1m $169.2m $169.2m 0.17% Reduced -17.3m -17,345,000
2 ZAZOVE ASSOCIATES LLC 5.29% of their portfolio INCLINE VILLAGE, NV 59,237,00059.2m $61.2m $61.2m 5.29% Added +2.4m +2,350,000
3 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 46,030,00046.0m $47.4m $47.4m 0.03% Added +7.1m +7,099,000
4 BARINGS LLC 0.72% of their portfolio CHARLOTTE, NC 38,105,00038.1m $39.2m $39.2m 0.72% Added +8.0m +8,019,000
5 ADVENT CAPITAL MANAGEMENT /DE/ 0.80% of their portfolio NEW YORK, NY 33,316,00033.3m $34.6m $34.6m 0.80% Reduced -2.0m -2,019,000
6 SHENKMAN CAPITAL MANAGEMENT INC 3.24% of their portfolio NEW YORK, NY 28,005,00028.0m $30.7m $30.7m 3.24% Added +17.9m +17,883,000
7 MacKay Shields LLC 0.94% of their portfolio New York, NY 26,133,00026.1m $26.9m $26.9m 0.94% Reduced -308.0k -308,000
8 Wellesley Asset Management 2.56% of their portfolio PORTSMOUTH, NH 23,772,00023.8m $24.6m $24.6m 2.56% Reduced -1.1m -1,117,000
9 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 22,233,00022.2m $23.1m $23.1m 0.00% Reduced -2.3m -2,339,000
10 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 21,506,00021.5m $22.1m $22.1m 0.01% New
11 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 21,085,00021.1m $21.8m $21.8m 0.02% Unchanged
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 17,400,00017.4m $18.0m $18.0m 0.00% Added +500.0k +500,000
13 SONA ASSET MANAGEMENT (US) LLC 0.57% of their portfolio NEW YORK, NY 16,877,00016.9m $17.4m $17.4m 0.57% New
14 FMR LLC 0.00% of their portfolio BOSTON, MA 16,022,00016.0m $16.5m $16.5m 0.00% Reduced -44.6m -44,597,000
15 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 15,481,00015.5m $159.5k $159.5k 0.00% New
16 ABSOLUTE INVESTMENT ADVISERS, LLC 1.64% of their portfolio ROSEMARY BEACH, FL 14,000,00014.0m $14.4m $14.4m 1.64% Added +4.0m +4,000,000
17 Lombard Odier Asset Management (Europe) Ltd 0.72% of their portfolio LONDON, X0 13,740,00013.7m $14.2m $14.2m 0.72% New
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 13,345,00013.3m $13.7m $13.7m 0.00% Added +495.0k +495,000
19 Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio FRANKFURT AM MAIN, 2M 12,372,00012.4m $12.9m $12.9m 0.02% Reduced -365.0k -365,000
20 READYSTATE ASSET MANAGEMENT LP 0.55% of their portfolio CHICAGO, IL 12,000,00012.0m $12.4m $12.4m 0.55% New
21 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 11,442,00011.4m $11.8m $11.8m 0.00% Added +3.0m +3,036,000
22 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 11,002,00011.0m $11.3m $11.3m 0.00% Added +1.0m +1,002,000
23 BlackRock, Inc. 0.00% of their portfolio New York, NY 10,350,00010.3m $10.6m $10.6m 0.00% Added +2.7m +2,675,000
24 Amundi 0.25% of their portfolio Paris, I0 9,000,0009.0m $925.2m $925.2m 0.25% New
25 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 8,520,0008.5m $8.8m $8.8m 0.03% Reduced -10.7m -10,730,000
26 SSI INVESTMENT MANAGEMENT LLC 0.58% of their portfolio Los Angeles, CA 8,269,0008.3m $8.5m $8.5m 0.58% Reduced -6.3m -6,327,000
27 OFI INVEST ASSET MANAGEMENT 0.10% of their portfolio ISSY LES MOULINEAUX, I0 8,000,0008.0m $7.1m $7.1m 0.10% Unchanged
28 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 7,495,0007.5m $7.8m $7.8m 0.01% New
29 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,552,0006.6m $6.8m $6.8m 0.00% Reduced -16.1m -16,080,000
30 CONNING INC. 0.22% of their portfolio HARTFORD, CT 6,550,0006.5m $6.7m $6.7m 0.22% Unchanged
31 Amundi 0.17% of their portfolio Paris, I0 6,090,0006.1m $626.1m $626.1m 0.17% New
32 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 5,826,0005.8m $6.0m $6.0m 0.00% Added +1.0m +1,026,000
33 GABELLI FUNDS LLC 0.04% of their portfolio Rye, NY 5,150,0005.2m $5.3m $5.3m 0.04% Reduced -3.5m -3,550,000
34 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 4,615,0004.6m $4.8m $4.8m 0.01% Added +144.0k +144,000
35 Man Group plc 0.01% of their portfolio LONDON, X0 3,495,0003.5m $3.6m $3.6m 0.01% Reduced -1.6m -1,610,000
36 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 3,447,0003.4m $3.6m $3.6m 0.00% Unchanged
37 WESTWOOD HOLDINGS GROUP INC 0.03% of their portfolio DALLAS, TX 3,300,0003.3m $3.3m $3.3m 0.03% Added +300.0k +300,000
38 Calamos Advisors LLC 0.01% of their portfolio NAPERVILLE, IL 3,063,0003.1m $3.2m $3.2m 0.01% Reduced -23.9m -23,933,000
39 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $3.1m $3.1m 0.01% Unchanged
40 SUSQUEHANNA ADVISORS GROUP, INC. 0.00% of their portfolio BALA CYNWYD, PA 2,566,0002.6m $26.4k $26.4k 0.00% New
41 RWC Asset Management LLP 0.13% of their portfolio LONDON, X0 2,497,0002.5m $2.6m $2.6m 0.13% Reduced -816.0k -816,000
42 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,200,0002.2m $2.3m $2.3m 0.00% Reduced -734.0k -734,000
43 BANK OF NOVA SCOTIA 0.00% of their portfolio TORONTO, A6 2,000,0002.0m $2.1m $2.1m 0.00% New
44 Kohlberg Kravis Roberts & Co. L.P. 0.03% of their portfolio NEW YORK, NY 2,000,0002.0m $2.1m $2.1m 0.03% Added +660.0k +660,000
45 PALISADE CAPITAL MANAGEMENT, LP 0.06% of their portfolio FORT LEE, NJ 1,934,0001.9m $2.0m $2.0m 0.06% Reduced -66.0k -66,000
46 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,500,0001.5m $1.5m $1.5m 0.01% Unchanged
47 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,350,0001.4m $1.4m $1.4m 0.00% Reduced -400.0k -400,000
48 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 1,300,0001.3m $1.3m $1.3m 0.00% Reduced -200.0k -200,000
49 GROUPAMA ASSET MANAGMENT 0.02% of their portfolio PARIS, I0 1,200,0001.2m $1.3m $1.3m 0.02% New
50 OAKTREE CAPITAL MANAGEMENT LP 0.02% of their portfolio LOS ANGELES, CA 1,160,0001.2m $1.2m $1.2m 0.02% Reduced -11.8m -11,750,000
51 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,037,0001.0m $1.1m $1.1m 0.00% Added +255.0k +255,000
52 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 989,000989.0k $1.0m $1.0m 0.00% New
53 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 883,000883.0k $907.7k $907.7k 0.00% Reduced -127.0k -127,000
54 DNCA FINANCE 0.05% of their portfolio PARIS, I0 750,000750.0k $780.9k $780.9k 0.05% Unchanged
55 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 425,000425.0k $262.6k $262.6k 0.00% Added +326.0k +326,000
56 Central Pacific Bank - Trust Division 0.04% of their portfolio HONOLULU, HI 346,000346.0k $355.7k $355.7k 0.04% Reduced -138.0k -138,000
57 AQR Arbitrage LLC 0.01% of their portfolio Greenwich, CT 300,000300.0k $309.1k $309.1k 0.01% Reduced -200.0k -200,000
58 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 240,000240.0k $246.7k $246.7k 0.00% Unchanged
59 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 135,000135.0k $138.8k $138.8k 0.00% Unchanged
60 Calamos Wealth Management LLC 0.00% of their portfolio NAPERVILLE, IL 111,000111.0k $114.7k $114.7k 0.00% Reduced -347.0k -347,000
61 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 96,00096.0k $98.7k $98.7k 0.00% Reduced -56.0k -56,000
62 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 46,00046.0k $47.3k $47.3k 0.00% Unchanged
63 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 34,00034.0k $35.0k $35.0k 0.00% New
64 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 31,00031.0k $32.2k $32.2k 0.00% Unchanged
65 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 24,00024.0k $24.7k $24.7k 0.00% New
66 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 18,00018.0k $18.4k $18.4k 0.00% Reduced -6.0k -6,000
67 FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. 0.01% of their portfolio SALINE, MI 15,00015.0k $15.3k $15.3k 0.01% New
68 UBS Group AG 0.00% of their portfolio ZURICH, V8 12,00012.0k $12.3k $12.3k 0.00% Reduced -18.0k -18,000
69 COMERICA BANK 0.00% of their portfolio DALLAS, TX 10,00010.0k $10.3k $10.3k 0.00% Unchanged
70 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,0002.0k $2.1k $2.1k 0.00% Unchanged
71 Alken Asset Management Ltd 0.03% of their portfolio LONDON, X0 1,8501.9k $1.9k $1.9k 0.03% Unchanged
72 ODDO BHF ASSET MANAGEMENT SAS 0.02% of their portfolio PARIS, I0 585585 $609.1k $609.1k 0.02% Not comparable
73 LAFFER TENGLER INVESTMENTS, INC. 0.09% of their portfolio Scottsdale, AZ 578578 $606.4k $606.4k 0.09% New
74 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Unchanged