Vault-13

RWT HLDGS INC RWT 5.75 10.01.25

NOTE 5.750%10/0 · US DOMESTIC · CUSIP 749772AD1

19 institutional holders +1 vs Q1 2025
5,928,0005.9m shares reported held*
$63.0mreported value*
6 new 3 added 0 reduced 5 sold out net bought ≈ $4.4m (+1.9m 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. Holder counts are more reliable. Implied quarter-end price ≈ $10.62.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 16Q4 22: 17Q1 23: 17Q2 23: 19Q3 23: 20Q4 23: 21Q1 24: 25Q2 24: 21Q3 24: 20Q4 24: 17Q1 25: 18Q2 25: 1919Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202216
Q4 202217
Q1 202317
Q2 202319
Q3 202320
Q4 202321
Q1 202425
Q2 202421
Q3 202420
Q4 202417
Q1 202518
Q2 202519

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q3 23: 9 bought or addedQ3 23: 5 cut or sold outQ4 23: 6 bought or addedQ4 23: 6 cut or sold outQ4 23Q1 24: 8 bought or addedQ1 24: 7 cut or sold outQ2 24: 2 bought or addedQ2 24: 7 cut or sold outQ2 24Q3 24: 3 bought or addedQ3 24: 7 cut or sold outQ4 24: 4 bought or addedQ4 24: 9 cut or sold outQ4 24Q1 25: 8 bought or addedQ1 25: 5 cut or sold outQ2 25: 9 bought or addedQ2 25: 5 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202395
Q4 202366
Q1 202487
Q2 202427
Q3 202437
Q4 202449
Q1 202585
Q2 202595

Biggest buyers

HBK INVESTMENTS L P Added +9,000,000+9.0m
JPMORGAN CHASE & CO New +2,499,000+2.5m
Fort Baker Capital Management LP New +1,923,000+1.9m
WESTWOOD HOLDINGS GROUP INC New +1,500,000+1.5m
Parallax Volatility Advisers, L.P. Added +560,000+560.0k
First Horizon Advisors, Inc. New +15,000+15.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC New +12,000+12.0k
STIFEL FINANCIAL CORP Added +10,070+10.1k
HOWARD FINANCIAL SERVICES, LTD. New +10,000+10.0k

Biggest sellers

LORD, ABBETT & CO. LLC Sold out -9,000,000-9.0m
Fort Baker Capital Management LP Sold out -1,657,000-1.7m
ROYAL BANK OF CANADA Sold out -464,000-464.0k
MERCER GLOBAL ADVISORS INC /ADV Sold out -15,000-15.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Sold out -12,000-12.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HBK INVESTMENTS L P 0.32% of their portfolio DALLAS, TX 18,056,00018.1m $18.1m $18.1m 0.32% Added +9.0m +9,000,000
2 PIPER SANDLER & CO. 9.69% of their portfolio MINNEAPOLIS, MN 12,595,00012.6m $12.6m $12.6m 9.69% Unchanged
3 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 12,500,00012.5m $12.5m $12.5m 0.00% Unchanged
4 Parallax Volatility Advisers, L.P. 0.28% of their portfolio San Francisco, CA 7,060,0007.1m $7.0m $7.0m 0.28% Added +560.0k +560,000
5 WEITZ INVESTMENT MANAGEMENT, INC. 0.19% of their portfolio Omaha, NE 3,500,0003.5m $3.5m $3.5m 0.19% Unchanged
6 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,499,0002.5m $2.5m $2.5m 0.00% New
7 Fort Baker Capital Management LP 0.34% of their portfolio Larkspur, CA 1,923,0001.9m $1.9m $1.9m 0.34% New
8 WESTWOOD HOLDINGS GROUP INC 0.01% of their portfolio DALLAS, TX 1,500,0001.5m $1.5m $1.5m 0.01% New
9 AVIVA PLC 0.00% of their portfolio LONDON, X0 1,400,0001.4m $1.4m $1.4m 0.00% Unchanged
10 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 870,000870.0k $867.4k $867.4k 0.00% Unchanged
11 FINANCIAL MANAGEMENT NETWORK INC 0.09% of their portfolio MISSION VIEJO, CA 500,000500.0k $498.4k $498.4k 0.09% Unchanged
12 CSS LLC/IL 0.03% of their portfolio CHICAGO, IL 471,000471.0k $468.6k $468.6k 0.03% Unchanged
13 BEACON INVESTMENT ADVISORS LLC 0.03% of their portfolio Gaithersburg, MD 63,00063.0k $62.8k $62.8k 0.03% Unchanged
14 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 59,82059.8k $59.8k $59.8k 0.00% Added +10.1k +10,070
15 First Horizon Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 15,00015.0k $15.0k $15.0k 0.00% New
16 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,00012.0k $11.9k $11.9k 0.00% New
17 HOWARD FINANCIAL SERVICES, LTD. 0.00% of their portfolio DALLAS, TX 10,00010.0k $10.0k $10.0k 0.00% New
18 YANKCOM Partnership 0.00% of their portfolio Yankton, SD 5,0005.0k $5.0k $5.0k 0.00% Unchanged
19 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged