Vault-13

SHIFT4 PMTS INC FOUR 0.5 08.01.27

NOTE 0.500% 8/0 · US DOMESTIC · CUSIP 82452JAD1

42 institutional holders -6 vs Q2 2024
8,633,3078.6m shares reported held*
$872.5mreported value*
7 new 8 added 12 reduced 13 sold out net sold ≈ $147.0m (-2.4m 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 ≈ $101.06.

Trends to Q3 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 41Q4 22: 43Q1 23: 41Q2 23: 44Q3 23: 42Q4 23: 47Q1 24: 52Q2 24: 48Q3 24: 4242Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 202241
Q4 202243
Q1 202341
Q2 202344
Q3 202342
Q4 202347
Q1 202452
Q2 202448
Q3 202442

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 15 bought or addedQ4 22: 16 cut or sold outQ1 23: 20 bought or addedQ1 23: 18 cut or sold outQ1 23Q2 23: 18 bought or addedQ2 23: 16 cut or sold outQ3 23: 21 bought or addedQ3 23: 18 cut or sold outQ3 23Q4 23: 19 bought or addedQ4 23: 24 cut or sold outQ1 24: 26 bought or addedQ1 24: 21 cut or sold outQ1 24Q2 24: 18 bought or addedQ2 24: 25 cut or sold outQ3 24: 15 bought or addedQ3 24: 25 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221516
Q1 20232018
Q2 20231816
Q3 20232118
Q4 20231924
Q1 20242621
Q2 20241825
Q3 20241525

Biggest buyers

VOYA INVESTMENT MANAGEMENT LLC Added +25,550,000+25.6m
AQR Arbitrage LLC New +20,025,000+20.0m
Flow State Investments, L.P. New +7,500,000+7.5m
Empyrean Capital Partners, LP New +2,500,000+2.5m
MORGAN STANLEY Added +816,000+816.0k
WELLINGTON MANAGEMENT GROUP LLP Added +785,000+785.0k
Nicholas Investment Partners, LP Added +650,000+650.0k
KBC Group NV Added +100,000+100.0k
DEUTSCHE BANK AG\ Added +80,000+80.0k
RAYMOND JAMES & ASSOCIATES New +21,000+21.0k

Biggest sellers

BANK OF MONTREAL /CAN/ Sold out -77,700,000-77.7m
LORD, ABBETT & CO. LLC Reduced -20,703,000-20.7m
ZAZOVE ASSOCIATES LLC Sold out -18,170,000-18.2m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -13,760,000-13.8m
BANK OF AMERICA CORP /DE/ Reduced -13,640,000-13.6m
AMERIPRISE FINANCIAL INC Sold out -10,000,000-10.0m
BNP PARIBAS FINANCIAL MARKETS Sold out -8,726,000-8.7m
Calamos Advisors LLC Reduced -7,500,000-7.5m
CITIGROUP INC Sold out -6,836,000-6.8m
LAZARD ASSET MANAGEMENT LLC Sold out -5,661,000-5.7m

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.25% of their portfolio ATLANTA, GA 237,450,000237.4m $245.3m $245.3m 0.25% Added +25.6m +25,550,000
2 Linden Advisors LP 1.14% of their portfolio New York, NY 132,060,000132.1m $135.8m $135.8m 1.14% Reduced -1.2m -1,199,000
3 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 49,385,00049.4m $51.8m $51.8m 0.01% Reduced -1.4m -1,357,000
4 Calamos Advisors LLC 0.12% of their portfolio NAPERVILLE, IL 23,932,00023.9m $24.6m $24.6m 0.12% Reduced -7.5m -7,500,000
5 SHENKMAN CAPITAL MANAGEMENT INC 1.93% of their portfolio NEW YORK, NY 23,866,00023.9m $24.9m $24.9m 1.93% Reduced -1.4m -1,358,000
6 AQR Arbitrage LLC 0.48% of their portfolio Greenwich, CT 20,025,00020.0m $20.7m $20.7m 0.48% New
7 LORD, ABBETT & CO. LLC 0.07% of their portfolio JERSEY CITY, NJ 19,919,00019.9m $20.5m $20.5m 0.07% Reduced -20.7m -20,703,000
8 PIER 88 INVESTMENT PARTNERS LLC 3.71% of their portfolio SAN FRANCISCO, CA 16,386,00016.4m $16.8m $16.8m 3.71% Unchanged
9 ADVENT CAPITAL MANAGEMENT /DE/ 0.41% of their portfolio NEW YORK, NY 15,919,00015.9m $16.4m $16.4m 0.41% Reduced -13.8m -13,760,000
10 SSI INVESTMENT MANAGEMENT LLC 1.07% of their portfolio Los Angeles, CA 14,126,00014.1m $14.5m $14.5m 1.07% Reduced -123.0k -123,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,585,00011.6m $11.9m $11.9m 0.00% Unchanged
12 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 10,745,00010.7m $11.1m $11.1m 0.00% Added +785.0k +785,000
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 9,911,0009.9m $10.2m $10.2m 0.00% Added +816.0k +816,000
14 Flow State Investments, L.P. 3.42% of their portfolio CHICAGO, IL 7,500,0007.5m $7.7m $7.7m 3.42% New
15 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,397,0006.4m $6.6m $6.6m 0.00% Reduced -13.6m -13,640,000
16 RATIONAL ADVISORS, INC. 0.51% of their portfolio San Juan, PR 5,156,0005.2m $5.3m $5.3m 0.51% Unchanged
17 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,000,0005.0m $5.1m $5.1m 0.00% First filing
18 Nicholas Investment Partners, LP 0.40% of their portfolio RANCHO SANTA FE, CA 4,250,0004.2m $4.4m $4.4m 0.40% Added +650.0k +650,000
19 FMR LLC 0.00% of their portfolio BOSTON, MA 3,665,0003.7m $3.8m $3.8m 0.00% Reduced -85.0k -85,000
20 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 2,768,0002.8m $2.8m $2.8m 0.00% Reduced -2.4m -2,402,000
21 Empyrean Capital Partners, LP 0.14% of their portfolio LOS ANGELES, CA 2,500,0002.5m $2.6m $2.6m 0.14% New
22 WESTWOOD HOLDINGS GROUP INC 0.87% of their portfolio DALLAS, TX 2,000,0002.0m $205.6m $205.6m 0.87% Unchanged
23 Man Group plc 0.00% of their portfolio LONDON, X0 1,617,0001.6m $1.6m $1.6m 0.00% Unchanged
24 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,500,0001.5m $1.5m $1.5m 0.00% Unchanged
25 Central Pacific Bank - Trust Division 0.09% of their portfolio HONOLULU, HI 723,000723.0k $743.2k $743.2k 0.09% Unchanged
26 DNCA FINANCE 0.06% of their portfolio PARIS, I0 700,000700.0k $722.4k $722.4k 0.06% Unchanged
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 654,000654.0k $672.2k $672.2k 0.00% Unchanged
28 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 550,000550.0k $565.4k $565.4k 0.00% Added +80.0k +80,000
29 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $515.6k $515.6k 0.00% Unchanged
30 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 292,000292.0k $301.6k $301.6k 0.00% Reduced -30.0k -30,000
31 Amundi 0.00% of their portfolio Paris, I0 274,000274.0k $283.9k $283.9k 0.00% Unchanged
32 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 226,000226.0k $232.3k $232.3k 0.01% Unchanged
33 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $206.0k $206.0k 0.00% Added +100.0k +100,000
34 LOOMIS SAYLES & CO L P 0.02% of their portfolio BOSTON, MA 178,660178.7k $15.8m $15.8m 0.02% Reduced -6.1k -6,073
35 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 26,00026.0k $26.7k $26.7k 0.00% Unchanged
36 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 24,00024.0k $24.7k $24.7k 0.00% Added +6.0k +6,000
37 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 21,00021.0k $21.6k $21.6k 0.00% New
38 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 4,6474.6k $411.7k $411.7k 0.00% Added +889 +889
39 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 2,0002.0k $2.1k $2.1k 0.00% New
40 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,0001.0k $1.0k $1.0k 0.00% New
41 Nellore Capital Management LLC 0.03% of their portfolio REDWOOD CITY, CA 11 $205.8k $205.8k 0.03% New
42 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged