Vault-13

SHIFT4 PMTS INC FOUR 0.5 08.01.27

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

57 institutional holders +15 vs Q3 2024
10,291,77210.3m shares reported held*
$704.0mreported value*
17 new 17 added 11 reduced 3 sold out net bought ≈ $20.0m (+1.7m 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 ($151.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $68.42.

Trends to Q4 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: 42Q4 24: 5757Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202241
Q4 202243
Q1 202341
Q2 202344
Q3 202342
Q4 202347
Q1 202452
Q2 202448
Q3 202442
Q4 202457

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 23: 20 bought or addedQ1 23: 18 cut or sold outQ2 23: 18 bought or addedQ2 23: 16 cut or sold outQ2 23Q3 23: 21 bought or addedQ3 23: 18 cut or sold outQ4 23: 19 bought or addedQ4 23: 24 cut or sold outQ4 23Q1 24: 26 bought or addedQ1 24: 21 cut or sold outQ2 24: 18 bought or addedQ2 24: 25 cut or sold outQ2 24Q3 24: 15 bought or addedQ3 24: 25 cut or sold outQ4 24: 34 bought or addedQ4 24: 14 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20232018
Q2 20231816
Q3 20232118
Q4 20231924
Q1 20242621
Q2 20241825
Q3 20241525
Q4 20243414

Biggest buyers

MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +50,319,000+50.3m
MacKay Shields LLC New +40,000,000+40.0m
OAKTREE CAPITAL MANAGEMENT LP New +9,910,000+9.9m
ZAZOVE ASSOCIATES LLC New +7,200,000+7.2m
NOMURA ASSET MANAGEMENT CO LTD New +6,500,000+6.5m
Jefferies Financial Group Inc. New +5,939,000+5.9m
RWC Asset Management LLP New +5,400,000+5.4m
Empyrean Capital Partners, LP Added +5,000,000+5.0m
PIER 88 INVESTMENT PARTNERS LLC Added +4,950,000+5.0m
BANK OF MONTREAL /CAN/ New +4,700,000+4.7m

Biggest sellers

Linden Advisors LP Reduced -74,553,000-74.6m
VOYA INVESTMENT MANAGEMENT LLC Reduced -32,450,000-32.5m
AQR Arbitrage LLC Sold out -20,025,000-20.0m
Calamos Advisors LLC Reduced -9,965,000-10.0m
Flow State Investments, L.P. Sold out -7,500,000-7.5m
BANK OF AMERICA CORP /DE/ Reduced -6,386,000-6.4m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -5,632,000-5.6m
NEW YORK STATE COMMON RETIREMENT FUND Sold out -2,768,000-2.8m
FRANKLIN RESOURCES INC Reduced -1,052,000-1.1m
LORD, ABBETT & CO. LLC Reduced -372,000-372.0k

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.23% of their portfolio ATLANTA, GA 205,000,000205.0m $221.4m $221.4m 0.23% Reduced -32.5m -32,450,000
2 Linden Advisors LP 0.52% of their portfolio New York, NY 57,507,00057.5m $62.2m $62.2m 0.52% Reduced -74.6m -74,553,000
3 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio Toronto, A6 50,321,00050.3m $54.3m $54.3m 0.05% Added +50.3m +50,319,000
4 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 48,333,00048.3m $52.2m $52.2m 0.01% Reduced -1.1m -1,052,000
5 MacKay Shields LLC 1.27% of their portfolio New York, NY 40,000,00040.0m $43.2m $43.2m 1.27% New
6 SHENKMAN CAPITAL MANAGEMENT INC 2.51% of their portfolio NEW YORK, NY 25,879,00025.9m $28.6m $28.6m 2.51% Added +2.0m +2,013,000
7 PIER 88 INVESTMENT PARTNERS LLC 4.51% of their portfolio SAN FRANCISCO, CA 21,336,00021.3m $22.9m $22.9m 4.51% Added +5.0m +4,950,000
8 LORD, ABBETT & CO. LLC 0.07% of their portfolio JERSEY CITY, NJ 19,547,00019.5m $21.1m $21.1m 0.07% Reduced -372.0k -372,000
9 SSI INVESTMENT MANAGEMENT LLC 1.22% of their portfolio Los Angeles, CA 15,215,00015.2m $16.4m $16.4m 1.22% Added +1.1m +1,089,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 14,285,00014.3m $15.5m $15.5m 0.00% Added +2.7m +2,700,000
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 14,232,00014.2m $15.3m $15.3m 0.00% Added +4.3m +4,321,000
12 Calamos Advisors LLC 0.07% of their portfolio NAPERVILLE, IL 13,967,00014.0m $15.1m $15.1m 0.07% Reduced -10.0m -9,965,000
13 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 11,150,00011.2m $12.1m $12.1m 0.00% Added +405.0k +405,000
14 ADVENT CAPITAL MANAGEMENT /DE/ 0.26% of their portfolio NEW YORK, NY 10,287,00010.3m $11.1m $11.1m 0.26% Reduced -5.6m -5,632,000
15 OAKTREE CAPITAL MANAGEMENT LP 0.20% of their portfolio LOS ANGELES, CA 9,910,0009.9m $10.7m $10.7m 0.20% New
16 RATIONAL ADVISORS, INC. 0.82% of their portfolio San Juan, PR 7,796,0007.8m $8.4m $8.4m 0.82% Added +2.6m +2,640,000
17 Empyrean Capital Partners, LP 0.41% of their portfolio LOS ANGELES, CA 7,500,0007.5m $8.1m $8.1m 0.41% Added +5.0m +5,000,000
18 ZAZOVE ASSOCIATES LLC 0.75% of their portfolio INCLINE VILLAGE, NV 7,200,0007.2m $7.8m $7.8m 0.75% New
19 NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio TOKYO, M0 6,500,0006.5m $7.1m $7.1m 0.02% New
20 BlackRock, Inc. 0.00% of their portfolio New York, NY 6,400,0006.4m $6.9m $6.9m 0.00% Added +1.4m +1,400,000
21 Jefferies Financial Group Inc. 0.07% of their portfolio NEW YORK, NY 5,939,0005.9m $6.4m $6.4m 0.07% New
22 RWC Asset Management LLP 0.29% of their portfolio LONDON, X0 5,400,0005.4m $5.8m $5.8m 0.29% New
23 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 4,700,0004.7m $5.1m $5.1m 0.00% New
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 4,591,0004.6m $4.9m $4.9m 0.00% New
25 Nicholas Investment Partners, LP 0.40% of their portfolio RANCHO SANTA FE, CA 4,250,0004.2m $4.6m $4.6m 0.40% Unchanged
26 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 4,200,0004.2m $4.5m $4.5m 0.00% New
27 FMR LLC 0.00% of their portfolio BOSTON, MA 3,935,0003.9m $4.2m $4.2m 0.00% Added +270.0k +270,000
28 SONA ASSET MANAGEMENT (US) LLC 0.19% of their portfolio NEW YORK, NY 3,500,0003.5m $3.8m $3.8m 0.19% New
29 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,168,0003.2m $3.4m $3.4m 0.00% New
30 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,451,0002.5m $2.7m $2.7m 0.00% Added +2.5m +2,450,000
31 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,350,0002.4m $2.5m $2.5m 0.00% New
32 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,020,0002.0m $2.2m $2.2m 0.00% Added +1.4m +1,366,000
33 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 2,000,0002.0m $2.2m $2.2m 0.02% Unchanged
34 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 1,634,0001.6m $1.8m $1.8m 0.00% New
35 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,500,0001.5m $1.6m $1.6m 0.00% Unchanged
36 Man Group plc 0.00% of their portfolio LONDON, X0 1,267,0001.3m $1.4m $1.4m 0.00% Reduced -350.0k -350,000
37 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 900,000900.0k $967.5k $967.5k 0.00% New
38 Central Pacific Bank - Trust Division 0.12% of their portfolio HONOLULU, HI 872,000872.0k $937.4k $937.4k 0.12% Added +149.0k +149,000
39 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 781,000781.0k $839.6k $839.6k 0.00% Added +231.0k +231,000
40 DNCA FINANCE 0.06% of their portfolio PARIS, I0 700,000700.0k $759.3k $759.3k 0.06% Unchanged
41 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $541.3k $541.3k 0.00% Unchanged
42 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 345,000345.0k $372.6k $372.6k 0.00% Added +53.0k +53,000
43 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 330,000330.0k $354.8k $354.8k 0.00% New
44 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 250,000250.0k $268.8k $268.8k 0.01% Added +24.0k +24,000
45 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $217.0k $217.0k 0.00% Unchanged
46 Amundi 0.00% of their portfolio Paris, I0 174,000174.0k $189.4k $189.4k 0.00% Reduced -100.0k -100,000
47 Paloma Partners Management Co 0.01% of their portfolio GREENWICH, CT 140,000140.0k $151.9k $151.9k 0.01% New
48 Union Bancaire Privee, UBP SA 0.00% of their portfolio GENEVA 1, V8 132,000132.0k $143.9k $143.9k 0.00% First filing
49 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 26,00026.0k $27.9k $27.9k 0.00% Unchanged
50 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 24,00024.0k $25.8k $25.8k 0.00% Unchanged
51 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 18,00018.0k $19.4k $19.4k 0.00% First filing
52 Oaktree Fund Advisors, LLC 0.03% of their portfolio LOS ANGLES, CA 16,00016.0k $17.3k $17.3k 0.03% New
53 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 11,00011.0k $11.8k $11.8k 0.00% Reduced -6.4m -6,386,000
54 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 3,8323.8k $397.6k $397.6k 0.00% Reduced -815 -815
55 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 1,9401.9k $201.0k $201.0k 0.00% Reduced -176.7k -176,720
56 Nellore Capital Management LLC 0.03% of their portfolio REDWOOD CITY, CA 11 $216.2k $216.2k 0.03% Unchanged
57 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged