Vault-13

SHIFT4 PMTS INC FOUR 0.5 08.01.27

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

56 institutional holders -6 vs Q4 2025
8,810,0008.8m shares reported held*
$546.9mreported value*
10 new 15 added 19 reduced 16 sold out net sold ≈ $9.1m (-632.0k 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 ($2.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $62.41.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 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: 58Q4 25: 62Q1 26: 5656Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 202562
Q1 202656

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 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 25Q4 25: 26 bought or addedQ4 25: 27 cut or sold outQ1 26: 25 bought or addedQ1 26: 35 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20241825
Q3 20241525
Q4 20243414
Q1 20252829
Q2 20252422
Q3 20253521
Q4 20252627
Q1 20262535

Biggest buyers

SONA ASSET MANAGEMENT (US) LLC New +45,629,000+45.6m
OAKTREE CAPITAL MANAGEMENT LP New +27,272,000+27.3m
LAZARD ASSET MANAGEMENT LLC Added +25,030,000+25.0m
Context Capital Management, LLC New +25,000,000+25.0m
Arena Capital Advisors, LLC- CA New +18,331,000+18.3m
TWO SIGMA INVESTMENTS, LP New +13,500,000+13.5m
Converium Capital Inc. Added +11,500,000+11.5m
Walleye Capital LLC Added +7,000,000+7.0m
Thrivent Financial for Lutherans Added +5,690,000+5.7m
Russell Investments Group, Ltd. New +5,016,000+5.0m

Biggest sellers

Calamos Advisors LLC Reduced -54,594,000-54.6m
BNP PARIBAS FINANCIAL MARKETS Reduced -24,899,000-24.9m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -23,446,000-23.4m
MacKay Shields LLC Reduced -19,960,000-20.0m
VOYA INVESTMENT MANAGEMENT LLC Reduced -9,070,000-9.1m
WOLVERINE ASSET MANAGEMENT LLC Reduced -8,710,000-8.7m
TORONTO DOMINION BANK Reduced -7,210,000-7.2m
FRANKLIN RESOURCES INC Reduced -6,327,000-6.3m
MORGAN STANLEY Reduced -6,012,000-6.0m
M&G PLC Reduced -5,493,000-5.5m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.10% of their portfolio ATLANTA, GA 99,975,000100.0m $94.1m $94.1m 0.10% Reduced -9.1m -9,070,000
2 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 48,785,00048.8m $459.2k $459.2k 0.00% Added +25.0m +25,030,000
3 WOLVERINE ASSET MANAGEMENT LLC 0.69% of their portfolio CHICAGO, IL 46,921,00046.9m $44.0m $44.0m 0.69% Reduced -8.7m -8,710,000
4 SONA ASSET MANAGEMENT (US) LLC 1.65% of their portfolio NEW YORK, NY 45,629,00045.6m $42.9m $42.9m 1.65% New
5 Wellesley Asset Management 3.10% of their portfolio PORTSMOUTH, NH 31,386,00031.4m $29.5m $29.5m 3.10% Reduced -44.0k -44,000
6 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 28,450,00028.4m $26.8m $26.8m 0.01% Reduced -6.3m -6,327,000
7 OAKTREE CAPITAL MANAGEMENT LP 0.43% of their portfolio LOS ANGELES, CA 27,272,00027.3m $25.7m $25.7m 0.43% New
8 Context Capital Management, LLC 0.54% of their portfolio LAJOLLA, CA 25,000,00025.0m $23.5m $23.5m 0.54% New
9 Converium Capital Inc. 12.43% of their portfolio MONTREAL, A8 21,500,00021.5m $20.2m $20.2m 12.43% Added +11.5m +11,500,000
10 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 20,768,00020.8m $19.5m $19.5m 0.04% Added +5.7m +5,690,000
11 MacKay Shields LLC 0.67% of their portfolio New York, NY 19,532,00019.5m $18.4m $18.4m 0.67% Reduced -20.0m -19,960,000
12 Arena Capital Advisors, LLC- CA 8.65% of their portfolio LOS ANGELES, CA 18,331,00018.3m $17.3m $17.3m 8.65% New
13 PIER 88 INVESTMENT PARTNERS LLC 3.93% of their portfolio SAN FRANCISCO, CA 16,346,00016.3m $15.3m $15.3m 3.93% Reduced -1.4m -1,390,000
14 LORD, ABBETT & CO. LLC 0.05% of their portfolio JERSEY CITY, NJ 14,898,00014.9m $14.0m $14.0m 0.05% Added +1.1m +1,088,000
15 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 13,500,00013.5m $12.7m $12.7m 0.01% New
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 13,185,00013.2m $12.4m $12.4m 0.00% Added +100.0k +100,000
17 Walleye Capital LLC 0.07% of their portfolio NEW YORK, NY 12,000,00012.0m $11.3m $11.3m 0.07% Added +7.0m +7,000,000
18 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 11,493,00011.5m $10.8m $10.8m 0.04% Reduced -54.6m -54,594,000
19 BlackRock, Inc. 0.00% of their portfolio New York, NY 9,850,0009.8m $9.2m $9.2m 0.00% Added +1.9m +1,925,000
20 M&G PLC 0.05% of their portfolio London, X0 9,306,0009.3m $8.7m $8.7m 0.05% Reduced -5.5m -5,493,000
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 9,123,0009.1m $8.6m $8.6m 0.00% Reduced -6.0m -6,012,000
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,836,0008.8m $8.3m $8.3m 0.00% Added +3.9m +3,853,000
23 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 7,770,0007.8m $7.3m $7.3m 0.01% Unchanged
24 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 7,768,0007.8m $7.3m $7.3m 0.00% Added +3.0m +2,969,000
25 FMR LLC 0.00% of their portfolio BOSTON, MA 7,353,0007.4m $6.9m $6.9m 0.00% Unchanged
26 Fore Capital, LLC 15.36% of their portfolio New York, NY 7,000,0007.0m $6.6m $6.6m 15.36% Added +2.0m +2,000,000
27 Man Group plc 0.01% of their portfolio LONDON, X0 6,827,0006.8m $6.4m $6.4m 0.01% Added +3.6m +3,610,000
28 PALISADE CAPITAL MANAGEMENT, LP 0.20% of their portfolio FORT LEE, NJ 6,390,0006.4m $6.0m $6.0m 0.20% Reduced -676.0k -676,000
29 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 5,016,0005.0m $4.7m $4.7m 0.01% New
30 DeepCurrents Investment Group LLC 0.17% of their portfolio NEW YORK, NY 4,342,0004.3m $4.1m $4.1m 0.17% New
31 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,595,0003.6m $3.4m $3.4m 0.00% Added +2.3m +2,320,000
32 ZAZOVE ASSOCIATES LLC 0.15% of their portfolio INCLINE VILLAGE, NV 3,410,0003.4m $3.2m $3.2m 0.15% Added +2.8m +2,810,000
33 RATIONAL ADVISORS, INC. 0.31% of their portfolio San Juan, PR 3,196,0003.2m $3.0m $3.0m 0.31% Reduced -1.1m -1,090,000
34 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $2.8m $2.8m 0.01% Unchanged
35 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 2,789,0002.8m $2.6m $2.6m 0.01% Reduced -7.2m -7,210,000
36 Amundi 0.00% of their portfolio Paris, I0 2,703,0002.7m $165.5k $165.5k 0.00% Unchanged
37 ADVENT CAPITAL MANAGEMENT /DE/ 0.07% of their portfolio NEW YORK, NY 2,498,0002.5m $2.4m $2.4m 0.07% Reduced -23.4m -23,446,000
38 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,022,0002.0m $1.9m $1.9m 0.00% New
39 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 1,946,0001.9m $1.8m $1.8m 0.00% New
40 Benefit Street Partners LLC 1.36% of their portfolio NEW YORK, NY 1,250,0001.2m $1.2m $1.2m 1.36% Added +250.0k +250,000
41 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 870,000870.0k $817.7k $817.7k 0.00% Added +370.0k +370,000
42 UBS Group AG 0.00% of their portfolio ZURICH, V8 732,000732.0k $686.2k $686.2k 0.00% Reduced -1.1m -1,089,000
43 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 562,000562.0k $527.8k $527.8k 0.00% Reduced -869.0k -869,000
44 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 330,000330.0k $309.4k $309.4k 0.00% Unchanged
45 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 279,000279.0k $261.6k $261.6k 0.00% Reduced -24.9m -24,899,000
46 SSI INVESTMENT MANAGEMENT LLC 0.02% of their portfolio Los Angeles, CA 273,000273.0k $255.9k $255.9k 0.02% New
47 Kohlberg Kravis Roberts & Co. L.P. 0.00% of their portfolio NEW YORK, NY 265,000265.0k $249.4k $249.4k 0.00% Unchanged
48 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 178,000178.0k $167.0k $167.0k 0.00% Reduced -4.3m -4,329,000
49 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 23,00023.0k $21.6k $21.6k 0.00% Unchanged
50 FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. 0.01% of their portfolio SALINE, MI 14,00014.0k $13.2k $13.2k 0.01% Unchanged
51 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 13,00013.0k $12.2k $12.2k 0.00% Unchanged
52 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 12,95012.9k $1.2m $1.2m 0.00% Reduced -7.5k -7,450
53 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 12,00012.0k $11.2k $11.2k 0.00% Reduced -12.0k -12,000
54 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 12,00012.0k $11.3k $11.3k 0.00% Unchanged
55 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 3,0003.0k $2.8k $2.8k 0.00% Unchanged
56 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Unchanged