Vault-13

SHIFT4 PMTS INC FOUR 0.5 08.01.27

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

58 institutional holders +6 vs Q2 2025
17,127,22317.1m shares reported held*
$616.8mreported value*
12 new 23 added 16 reduced 5 sold out net sold ≈ $28.5m (+701.2k 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 ≈ $36.01.

Trends to Q3 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: 52Q3 25: 5858Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 202558

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 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 24Q4 24: 34 bought or addedQ4 24: 14 cut or sold outQ1 25: 28 bought or addedQ1 25: 29 cut or sold outQ1 25Q2 25: 24 bought or addedQ2 25: 22 cut or sold outQ3 25: 35 bought or addedQ3 25: 21 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20231924
Q1 20242621
Q2 20241825
Q3 20241525
Q4 20243414
Q1 20252829
Q2 20252422
Q3 20253521

Biggest buyers

Wellesley Asset Management New +17,955,000+18.0m
BNP PARIBAS FINANCIAL MARKETS Added +13,719,000+13.7m
LORD, ABBETT & CO. LLC Added +9,601,000+9.6m
JPMORGAN CHASE & CO Added +9,484,000+9.5m
Walleye Capital LLC New +7,500,000+7.5m
BARCLAYS PLC New +4,898,000+4.9m
STATE OF WISCONSIN INVESTMENT BOARD New +3,000,000+3.0m
OAKTREE CAPITAL MANAGEMENT LP Added +2,631,000+2.6m
SHENKMAN CAPITAL MANAGEMENT INC Added +2,475,000+2.5m
ADVENT CAPITAL MANAGEMENT /DE/ Added +1,440,000+1.4m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -79,940,000-79.9m
SSI INVESTMENT MANAGEMENT LLC Reduced -12,320,000-12.3m
GOLDMAN SACHS GROUP INC Reduced -5,871,000-5.9m
SUSQUEHANNA ADVISORS GROUP, INC. Sold out -2,500,000-2.5m
Amundi Reduced -1,900,000-1.9m
FMR LLC Reduced -1,762,000-1.8m
KIM, LLC Reduced -1,500,000-1.5m
RATIONAL ADVISORS, INC. Reduced -1,260,000-1.3m
PIER 88 INVESTMENT PARTNERS LLC Reduced -1,260,000-1.3m
NEW YORK STATE COMMON RETIREMENT FUND Reduced -1,087,000-1.1m

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.15% of their portfolio ATLANTA, GA 148,090,000148.1m $146.1m $146.1m 0.15% Reduced -79.9m -79,940,000
2 ADVENT CAPITAL MANAGEMENT /DE/ 1.33% of their portfolio NEW YORK, NY 60,160,00060.2m $59.4m $59.4m 1.33% Added +1.4m +1,440,000
3 Calamos Advisors LLC 0.23% of their portfolio NAPERVILLE, IL 58,693,00058.7m $57.8m $57.8m 0.23% Reduced -52.0k -52,000
4 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 40,014,00040.0m $39.5m $39.5m 0.01% Added +431.0k +431,000
5 MacKay Shields LLC 1.34% of their portfolio New York, NY 39,897,00039.9m $39.4m $39.4m 1.34% Reduced -103.0k -103,000
6 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 22,952,00023.0m $22.6m $22.6m 0.02% Added +13.7m +13,719,000
7 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 19,717,00019.7m $194.5k $194.5k 0.00% Added +244.0k +244,000
8 PIER 88 INVESTMENT PARTNERS LLC 3.54% of their portfolio SAN FRANCISCO, CA 19,196,00019.2m $18.9m $18.9m 3.54% Reduced -1.3m -1,260,000
9 Wellesley Asset Management 1.77% of their portfolio PORTSMOUTH, NH 17,955,00018.0m $17.6m $17.6m 1.77% New
10 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 14,948,00014.9m $14.7m $14.7m 0.03% Added +585.0k +585,000
11 M&G PLC 0.08% of their portfolio London, X0 14,799,00014.8m $14.5m $14.5m 0.08% Unchanged
12 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 14,794,00014.8m $14.6m $14.6m 0.04% Added +9.6m +9,601,000
13 OAKTREE CAPITAL MANAGEMENT LP 0.24% of their portfolio LOS ANGELES, CA 14,544,00014.5m $14.3m $14.3m 0.24% Added +2.6m +2,631,000
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 14,525,00014.5m $14.3m $14.3m 0.00% Added +560.0k +560,000
15 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 14,478,00014.5m $14.2m $14.2m 0.00% Added +9.5m +9,484,000
16 ZAZOVE ASSOCIATES LLC 1.19% of their portfolio INCLINE VILLAGE, NV 13,270,00013.3m $13.1m $13.1m 1.19% Reduced -260.0k -260,000
17 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 13,085,00013.1m $12.9m $12.9m 0.00% Added +1.1m +1,150,000
18 SHENKMAN CAPITAL MANAGEMENT INC 1.03% of their portfolio NEW YORK, NY 10,444,00010.4m $10.5m $10.5m 1.03% Added +2.5m +2,475,000
19 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 8,842,0008.8m $8.7m $8.7m 0.00% Reduced -5.9m -5,871,000
20 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 7,803,0007.8m $7.7m $7.7m 0.01% Reduced -1.1m -1,087,000
21 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 7,770,0007.8m $7.6m $7.6m 0.01% Added +1.0m +1,020,000
22 Walleye Capital LLC 0.06% of their portfolio NEW YORK, NY 7,500,0007.5m $7.4m $7.4m 0.06% New
23 FMR LLC 0.00% of their portfolio BOSTON, MA 7,353,0007.4m $7.2m $7.2m 0.00% Reduced -1.8m -1,762,000
24 RWC Asset Management LLP 0.35% of their portfolio LONDON, X0 7,338,0007.3m $7.2m $7.2m 0.35% Added +338.0k +338,000
25 BlackRock, Inc. 0.00% of their portfolio New York, NY 6,225,0006.2m $6.1m $6.1m 0.00% Added +75.0k +75,000
26 RATIONAL ADVISORS, INC. 0.56% of their portfolio San Juan, PR 5,746,0005.7m $5.7m $5.7m 0.56% Reduced -1.3m -1,260,000
27 Nicholas Investment Partners, LP 0.41% of their portfolio RANCHO SANTA FE, CA 5,450,0005.5m $5.4m $5.4m 0.41% Unchanged
28 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 4,898,0004.9m $4.8m $4.8m 0.00% New
29 PALISADE CAPITAL MANAGEMENT, LP 0.10% of their portfolio FORT LEE, NJ 3,750,0003.8m $3.7m $3.7m 0.10% Added +1.2m +1,250,000
30 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $3.0m $3.0m 0.01% New
31 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 2,800,0002.8m $2.8m $2.8m 0.02% Unchanged
32 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 2,431,0002.4m $2.4m $2.4m 0.00% Reduced -432.0k -432,000
33 Man Group plc 0.00% of their portfolio LONDON, X0 1,417,0001.4m $1.4m $1.4m 0.00% Added +350.0k +350,000
34 SSI INVESTMENT MANAGEMENT LLC 0.09% of their portfolio Los Angeles, CA 1,272,0001.3m $1.3m $1.3m 0.09% Reduced -12.3m -12,320,000
35 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,087,0001.1m $1.1m $1.1m 0.00% Added +63.0k +63,000
36 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 1,041,0001.0m $1.0m $1.0m 0.01% New
37 KIM, LLC 0.11% of their portfolio WICHITA, KS 1,030,0001.0m $1.0m $1.0m 0.11% Reduced -1.5m -1,500,000
38 Fore Capital, LLC 1.25% of their portfolio New York, NY 1,000,0001.0m $986.6k $986.6k 1.25% New
39 DNCA FINANCE 0.04% of their portfolio PARIS, I0 640,000640.0k $630.2k $630.2k 0.04% Unchanged
40 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 580,000580.0k $575.0k $575.0k 0.00% Added +530.0k +530,000
41 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 500,000500.0k $492.7k $492.7k 0.00% Reduced -1.0m -1,000,000
42 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 330,000330.0k $324.7k $324.7k 0.00% Unchanged
43 Kohlberg Kravis Roberts & Co. L.P. 0.00% of their portfolio NEW YORK, NY 265,000265.0k $261.4k $261.4k 0.00% New
44 Central Pacific Bank - Trust Division 0.02% of their portfolio HONOLULU, HI 201,000201.0k $197.8k $197.8k 0.02% Reduced -512.0k -512,000
45 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $196.8k $196.8k 0.00% Unchanged
46 Amundi 0.00% of their portfolio Paris, I0 174,000174.0k $172.0k $172.0k 0.00% Reduced -1.9m -1,900,000
47 Calamos Wealth Management LLC 0.00% of their portfolio NAPERVILLE, IL 137,000137.0k $134.9k $134.9k 0.00% Added +2.0k +2,000
48 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 42,00042.0k $41.3k $41.3k 0.00% Added +27.0k +27,000
49 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 31,00031.0k $30.5k $30.5k 0.00% Added +6.0k +6,000
50 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 25,00025.0k $24.7k $24.7k 0.00% New
51 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 24,00024.0k $23.6k $23.6k 0.00% New
52 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 22,00022.0k $21.7k $21.7k 0.00% Added +4.0k +4,000
53 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 20,40020.4k $2.0m $2.0m 0.01% Added +6.0k +6,000
54 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 13,00013.0k $12.8k $12.8k 0.00% Unchanged
55 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 11,00011.0k $10.8k $10.8k 0.00% New
56 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 10,22310.2k $791.3k $791.3k 0.00% New
57 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 3,0003.0k $3.0k $3.0k 0.00% New
58 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Reduced -800.0k -800,000