Vault-13

SHIFT4 PMTS INC FOUR 0.5 08.01.27

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

52 institutional holders +2 vs Q1 2025
16,426,00016.4m shares reported held*
$722.4mreported value*
8 new 16 added 16 reduced 6 sold out net sold ≈ $211.7m (+5.6m 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 ≈ $43.98.

Trends to Q2 2025

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: 57Q1 25: 50Q2 25: 5252Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202241
Q4 202243
Q1 202341
Q2 202344
Q3 202342
Q4 202347
Q1 202452
Q2 202448
Q3 202442
Q4 202457
Q1 202550
Q2 202552

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 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 24Q1 25: 28 bought or addedQ1 25: 29 cut or sold outQ2 25: 24 bought or addedQ2 25: 22 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232118
Q4 20231924
Q1 20242621
Q2 20241825
Q3 20241525
Q4 20243414
Q1 20252829
Q2 20252422

Biggest buyers

ADVENT CAPITAL MANAGEMENT /DE/ Added +29,572,000+29.6m
M&G PLC New +14,799,000+14.8m
GOLDMAN SACHS GROUP INC New +14,713,000+14.7m
Thrivent Financial for Lutherans New +14,363,000+14.4m
NEW YORK STATE COMMON RETIREMENT FUND Added +5,054,000+5.1m
SHENKMAN CAPITAL MANAGEMENT INC Added +5,052,000+5.1m
LAZARD ASSET MANAGEMENT LLC Added +4,997,000+5.0m
ZAZOVE ASSOCIATES LLC Added +3,550,000+3.5m
RWC Asset Management LLP Added +2,900,000+2.9m
KIM, LLC New +2,530,000+2.5m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -211,670,000-211.7m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Sold out -50,401,000-50.4m
WELLINGTON MANAGEMENT GROUP LLP Reduced -10,394,000-10.4m
FRANKLIN RESOURCES INC Reduced -9,500,000-9.5m
Invesco Ltd. Sold out -6,200,000-6.2m
JANE STREET GROUP, LLC Sold out -5,000,000-5.0m
CITIGROUP INC Sold out -1,841,000-1.8m
Universal- Beteiligungs- und Servicegesellschaft mbH Reduced -1,618,000-1.6m
Calamos Advisors LLC Reduced -1,578,000-1.6m
STATE STREET CORP Reduced -1,350,000-1.4m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.24% of their portfolio ATLANTA, GA 228,030,000228.0m $245.1m $245.1m 0.24% Reduced -211.7m -211,670,000
2 Calamos Advisors LLC 0.27% of their portfolio NAPERVILLE, IL 58,745,00058.7m $62.9m $62.9m 0.27% Reduced -1.6m -1,578,000
3 ADVENT CAPITAL MANAGEMENT /DE/ 1.39% of their portfolio NEW YORK, NY 58,720,00058.7m $63.1m $63.1m 1.39% Added +29.6m +29,572,000
4 MacKay Shields LLC 1.38% of their portfolio New York, NY 40,000,00040.0m $43.0m $43.0m 1.38% Unchanged
5 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 39,583,00039.6m $42.6m $42.6m 0.01% Reduced -9.5m -9,500,000
6 PIER 88 INVESTMENT PARTNERS LLC 4.07% of their portfolio SAN FRANCISCO, CA 20,456,00020.5m $21.9m $21.9m 4.07% Added +970.0k +970,000
7 LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 19,473,00019.5m $20.9m $20.9m 0.03% Added +5.0m +4,997,000
8 M&G PLC 0.09% of their portfolio London, X0 14,799,00014.8m $15.8m $15.8m 0.09% New
9 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 14,713,00014.7m $15.7m $15.7m 0.00% New
10 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 14,363,00014.4m $15.4m $15.4m 0.03% New
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 13,965,00014.0m $14.9m $14.9m 0.00% Reduced -741.0k -741,000
12 SSI INVESTMENT MANAGEMENT LLC 1.03% of their portfolio Los Angeles, CA 13,592,00013.6m $14.5m $14.5m 1.03% Reduced -1.0m -1,006,000
13 ZAZOVE ASSOCIATES LLC 1.18% of their portfolio INCLINE VILLAGE, NV 13,530,00013.5m $14.5m $14.5m 1.18% Added +3.5m +3,550,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,935,00011.9m $12.8m $12.8m 0.00% Reduced -1.4m -1,350,000
15 OAKTREE CAPITAL MANAGEMENT LP 0.25% of their portfolio LOS ANGELES, CA 11,913,00011.9m $12.8m $12.8m 0.25% Reduced -97.0k -97,000
16 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 9,233,0009.2m $9.9m $9.9m 0.01% Added +358.0k +358,000
17 FMR LLC 0.00% of their portfolio BOSTON, MA 9,115,0009.1m $9.8m $9.8m 0.00% Unchanged
18 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 8,890,0008.9m $9.5m $9.5m 0.01% Added +5.1m +5,054,000
19 SHENKMAN CAPITAL MANAGEMENT INC 0.88% of their portfolio NEW YORK, NY 7,969,0008.0m $8.9m $8.9m 0.88% Added +5.1m +5,052,000
20 RATIONAL ADVISORS, INC. 0.74% of their portfolio San Juan, PR 7,006,0007.0m $7.5m $7.5m 0.74% Added +970.0k +970,000
21 RWC Asset Management LLP 0.40% of their portfolio LONDON, X0 7,000,0007.0m $7.5m $7.5m 0.40% Added +2.9m +2,900,000
22 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 6,750,0006.8m $7.2m $7.2m 0.01% Unchanged
23 BlackRock, Inc. 0.00% of their portfolio New York, NY 6,150,0006.2m $6.6m $6.6m 0.00% Reduced -375.0k -375,000
24 Nicholas Investment Partners, LP 0.52% of their portfolio RANCHO SANTA FE, CA 5,450,0005.5m $5.8m $5.8m 0.52% Unchanged
25 LORD, ABBETT & CO. LLC 0.02% of their portfolio JERSEY CITY, NJ 5,193,0005.2m $5.6m $5.6m 0.02% Reduced -103.0k -103,000
26 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,994,0005.0m $5.4m $5.4m 0.00% Reduced -70.0k -70,000
27 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 2,863,0002.9m $3.1m $3.1m 0.00% Reduced -10.4m -10,394,000
28 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 2,800,0002.8m $2.8m $2.8m 0.02% Added +800.0k +800,000
29 KIM, LLC 0.28% of their portfolio WICHITA, KS 2,530,0002.5m $2.7m $2.7m 0.28% New
30 PALISADE CAPITAL MANAGEMENT, LP 0.08% of their portfolio FORT LEE, NJ 2,500,0002.5m $2.7m $2.7m 0.08% New
31 SUSQUEHANNA ADVISORS GROUP, INC. 0.00% of their portfolio BALA CYNWYD, PA 2,500,0002.5m $26.8k $26.8k 0.00% New
32 Amundi 0.00% of their portfolio Paris, I0 2,074,0002.1m $2.2m $2.2m 0.00% Added +1.9m +1,900,000
33 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,500,0001.5m $1.6m $1.6m 0.00% Reduced -1.6m -1,618,000
34 Man Group plc 0.00% of their portfolio LONDON, X0 1,067,0001.1m $1.1m $1.1m 0.00% Unchanged
35 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,024,0001.0m $1.1m $1.1m 0.00% Added +243.0k +243,000
36 Erste Asset Management GmbH 0.01% of their portfolio VIENNA, C4 800,000800.0k $856.2k $856.2k 0.01% Added +800.0k +800,000
37 Central Pacific Bank - Trust Division 0.10% of their portfolio HONOLULU, HI 713,000713.0k $762.9k $762.9k 0.10% Unchanged
38 DNCA FINANCE 0.05% of their portfolio PARIS, I0 640,000640.0k $688.0k $688.0k 0.05% Added +250.0k +250,000
39 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 336,000336.0k $361.2k $361.2k 0.00% Unchanged
40 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 330,000330.0k $353.1k $353.1k 0.00% Unchanged
41 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $214.6k $214.6k 0.00% Reduced -450.0k -450,000
42 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 135,000135.0k $144.6k $144.6k 0.01% Reduced -210.0k -210,000
43 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 50,00050.0k $54.0k $54.0k 0.00% Reduced -400.0k -400,000
44 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 25,00025.0k $26.8k $26.8k 0.00% Added +15.0k +15,000
45 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 18,00018.0k $19.5k $19.5k 0.00% New
46 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 15,00015.0k $16.1k $16.1k 0.00% Unchanged
47 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 14,40014.4k $1.5m $1.5m 0.01% Added +11.2k +11,200
48 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 13,00013.0k $13.9k $13.9k 0.00% Unchanged
49 Oaktree Fund Advisors, LLC 0.02% of their portfolio LOS ANGLES, CA 13,00013.0k $14.0k $14.0k 0.02% Reduced -3.0k -3,000
50 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 1,0001.0k $1.1k $1.1k 0.00% New
51 Nellore Capital Management LLC 0.02% of their portfolio REDWOOD CITY, CA 11 $214.7k $214.7k 0.02% Unchanged
52 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged