Vault-13

SOUTHWEST AIRLS CO LUV 1.25 05.01.25

NOTE 1.250% 5/0 · US DOMESTIC · CUSIP 844741BG2

97 institutional holders -1 vs Q4 2023
59,873,66859.9m shares reported held*
$1.6bnreported value*
10 new 33 added 27 reduced 11 sold out net bought ≈ $54.0m (-26.1m 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 ($3.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.12.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 92Q4 22: 92Q1 23: 93Q2 23: 95Q3 23: 96Q4 23: 98Q1 24: 9797Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202292
Q4 202292
Q1 202393
Q2 202395
Q3 202396
Q4 202398
Q1 202497

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 22: 27 bought or addedQ4 22: 37 cut or sold outQ4 22Q1 23: 37 bought or addedQ1 23: 33 cut or sold outQ1 23Q2 23: 34 bought or addedQ2 23: 35 cut or sold outQ2 23Q3 23: 21 bought or addedQ3 23: 45 cut or sold outQ3 23Q4 23: 35 bought or addedQ4 23: 36 cut or sold outQ4 23Q1 24: 43 bought or addedQ1 24: 38 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222737
Q1 20233733
Q2 20233435
Q3 20232145
Q4 20233536
Q1 20244338

Biggest buyers

ZAZOVE ASSOCIATES LLC Added +58,820,000+58.8m
SONA ASSET MANAGEMENT (US) LLC Added +34,500,000+34.5m
MORGAN STANLEY Added +29,639,000+29.6m
VICTORY CAPITAL MANAGEMENT INC Added +12,494,000+12.5m
TENOR CAPITAL MANAGEMENT Co., L.P. New +10,000,000+10.0m
NOMURA ASSET MANAGEMENT CO LTD Added +8,000,000+8.0m
SHENKMAN CAPITAL MANAGEMENT INC Added +7,296,000+7.3m
Invesco Ltd. Added +6,500,000+6.5m
Walleye Capital LLC New +6,500,000+6.5m
SSI INVESTMENT MANAGEMENT LLC Added +4,612,000+4.6m

Biggest sellers

ADVENT CAPITAL MANAGEMENT /DE/ Reduced -33,740,000-33.7m
LAZARD ASSET MANAGEMENT LLC Reduced -31,310,000-31.3m
Calamos Advisors LLC Reduced -27,246,000-27.2m
AXA S.A. Reduced -15,950,000-15.9m
BANK OF AMERICA CORP /DE/ Reduced -14,924,000-14.9m
LBP AM SA Sold out -13,500,000-13.5m
GOLDMAN SACHS GROUP INC Sold out -6,495,000-6.5m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Reduced -4,500,000-4.5m
NOMURA ASSET MANAGEMENT CO LTD Sold out -4,000,000-4.0m
INCOME RESEARCH & MANAGEMENT Reduced -3,100,000-3.1m

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.16% of their portfolio ATLANTA, GA 159,550,000159.6m $162.1m $162.1m 0.16% Unchanged
2 ZAZOVE ASSOCIATES LLC 8.22% of their portfolio INCLINE VILLAGE, NV 120,210,000120.2m $121.3m $121.3m 8.22% Added +58.8m +58,820,000
3 VICTORY CAPITAL MANAGEMENT INC 0.12% of their portfolio San Antonio, TX 117,323,000117.3m $118.7m $118.7m 0.12% Added +12.5m +12,494,000
4 LAZARD ASSET MANAGEMENT LLC 0.11% of their portfolio NEW YORK, NY 85,469,00085.5m $86.8m $86.8m 0.11% Reduced -31.3m -31,310,000
5 ADVENT CAPITAL MANAGEMENT /DE/ 2.14% of their portfolio NEW YORK, NY 82,003,00082.0m $84.1m $84.1m 2.14% Reduced -33.7m -33,740,000
6 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 71,286,00071.3m $72.1m $72.1m 0.00% Reduced -1.8m -1,766,000
7 MacKay Shields LLC 1.79% of their portfolio New York, NY 63,741,00063.7m $64.7m $64.7m 1.79% Reduced -190.0k -190,000
8 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio Toronto, A6 57,400,00057.4m $58.6m $58.6m 0.05% Added +1.2m +1,165,000
9 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 54,034,00054.0m $54.9m $54.9m 0.03% Added +273.0k +273,000
10 SONA ASSET MANAGEMENT (US) LLC 4.48% of their portfolio NEW YORK, NY 51,000,00051.0m $51.6m $51.6m 4.48% Added +34.5m +34,500,000
11 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.06% of their portfolio FRANKFURT AM MAIN, 2M 49,200,00049.2m $49.8m $49.8m 0.06% Reduced -4.5m -4,500,000
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 44,913,00044.9m $45.5m $45.5m 0.00% Added +29.6m +29,639,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 34,725,00034.7m $35.2m $35.2m 0.00% Reduced -500.0k -500,000
14 CQS (US), LLC 7.12% of their portfolio NEW YORK, NY 27,350,00027.4m $27.7m $27.7m 7.12% Added +750.0k +750,000
15 M&G PLC 0.16% of their portfolio London, X0 26,715,00026.7m $27.0m $27.0m 0.16% First filing
16 CREDIT SUISSE AG/ 0.03% of their portfolio ZURICH, V8 25,424,00025.4m $29.1m $29.1m 0.03% Added +4.0m +3,950,000
17 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 23,507,00023.5m $23.8m $23.8m 0.05% Reduced -345.0k -345,000
18 Allianz Asset Management GmbH 0.04% of their portfolio MUNICH, 2M 23,301,00023.3m $23.6m $23.6m 0.04% Added +3.8m +3,800,000
19 SHENKMAN CAPITAL MANAGEMENT INC 1.67% of their portfolio NEW YORK, NY 22,785,00022.8m $23.7m $23.7m 1.67% Added +7.3m +7,296,000
20 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 21,950,00021.9m $22.2m $22.2m 0.03% Unchanged
21 RWC Asset Management LLP 1.19% of their portfolio LONDON, X0 18,800,00018.8m $19.0m $19.0m 1.19% Reduced -800.0k -800,000
22 PIER 88 INVESTMENT PARTNERS LLC 4.64% of their portfolio SAN FRANCISCO, CA 18,640,00018.6m $18.9m $18.9m 4.64% Added +3.4m +3,420,000
23 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 17,124,00017.1m $17.4m $17.4m 0.00% Added +355.0k +355,000
24 SSI INVESTMENT MANAGEMENT LLC 1.11% of their portfolio Los Angeles, CA 14,453,00014.5m $14.6m $14.6m 1.11% Added +4.6m +4,612,000
25 BlackRock Inc. 0.00% of their portfolio New York, NY 12,660,00012.7m $12.8m $12.8m 0.00% Added +1.2m +1,200,000
26 FMR LLC 0.00% of their portfolio BOSTON, MA 12,367,00012.4m $12.5m $12.5m 0.00% Reduced -450.0k -450,000
27 INCOME RESEARCH & MANAGEMENT 8.16% of their portfolio Boston, MA 11,947,00011.9m $12.1m $12.1m 8.16% Reduced -3.1m -3,100,000
28 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 11,073,00011.1m $11.2m $11.2m 0.00% Reduced -14.9m -14,924,000
29 Man Group plc 0.03% of their portfolio LONDON, X0 10,250,00010.2m $10.4m $10.4m 0.03% Added +450.0k +450,000
30 TENOR CAPITAL MANAGEMENT Co., L.P. 0.16% of their portfolio NEW YORK, NY 10,000,00010.0m $10.2m $10.2m 0.16% New
31 Amundi 0.00% of their portfolio Paris, I0 9,500,0009.5m $9.6m $9.6m 0.00% Added +1.5m +1,500,000
32 Wellesley Asset Management 0.96% of their portfolio PORTSMOUTH, NH 9,449,0009.4m $9.5m $9.5m 0.96% Added +390.1k +390,099
33 AXA S.A. 0.03% of their portfolio PARIS, I0 9,350,0009.3m $9.5m $9.5m 0.03% Reduced -15.9m -15,950,000
34 NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio TOKYO, M0 8,000,0008.0m $8.1m $8.1m 0.03% Added +8.0m +8,000,000
35 OSTERWEIS CAPITAL MANAGEMENT INC 0.47% of their portfolio SAN FRANCISCO, CA 7,875,0007.9m $8.0m $8.0m 0.47% Unchanged
36 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 7,693,0007.7m $7.8m $7.8m 0.01% Reduced -134.0k -134,000
37 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 7,075,0007.1m $7.2m $7.2m 0.00% Added +6.5m +6,500,000
38 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 6,900,0006.9m $6.9m $6.9m 0.02% Unchanged
39 Walleye Capital LLC 0.07% of their portfolio NEW YORK, NY 6,500,0006.5m $6.6m $6.6m 0.07% New
40 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 6,376,0006.4m $6.5m $6.5m 0.01% Added +4.3m +4,259,000
41 Lombard Odier Asset Management (Europe) Ltd 0.40% of their portfolio LONDON, X0 6,123,0006.1m $6.2m $6.2m 0.40% Added +2.4m +2,350,000
42 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 5,973,0006.0m $6.0m $6.0m 0.00% Added +833.0k +833,000
43 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,775,0005.8m $5.8m $5.8m 0.00% Reduced -799.0k -799,000
44 PALISADE CAPITAL MANAGEMENT, LP 0.14% of their portfolio FORT LEE, NJ 5,322,0005.3m $5.4m $5.4m 0.14% Reduced -430.0k -430,000
45 CONNING INC. 0.17% of their portfolio HARTFORD, CT 5,200,0005.2m $5.2m $5.2m 0.17% Unchanged
46 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 4,750,0004.8m $4.8m $4.8m 0.00% Added +3.0m +3,050,000
47 LOOMIS SAYLES & CO L P 0.17% of their portfolio BOSTON, MA 4,048,8604.0m $118.2m $118.2m 0.17% Reduced -1.2m -1,184,267
48 AEGON USA Investment Management, LLC 2.73% of their portfolio CEDAR RAPIDS, IA 4,000,0004.0m $4.0m $4.0m 2.73% Unchanged
49 KORNITZER CAPITAL MANAGEMENT INC /KS 0.07% of their portfolio SHAWNEE MISSION, KS 3,750,0003.8m $3.8m $3.8m 0.07% Unchanged
50 Calamos Advisors LLC 0.02% of their portfolio NAPERVILLE, IL 3,527,0003.5m $3.6m $3.6m 0.02% Reduced -27.2m -27,246,000
51 Liberty Mutual Group Asset Management Inc. 0.96% of their portfolio Boston, MA 3,340,0003.3m $3.4m $3.4m 0.96% Unchanged
52 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 3,285,0003.3m $3.3m $3.3m 0.00% New
53 Paloma Partners Management Co 0.45% of their portfolio GREENWICH, CT 3,060,0003.1m $3.1m $3.1m 0.45% Added +1.7m +1,740,000
54 RATIONAL ADVISORS, INC. 0.28% of their portfolio San Juan, PR 3,030,0003.0m $3.1m $3.1m 0.28% Added +1.5m +1,470,000
55 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 2,500,0002.5m $2.5m $2.5m 0.00% New
56 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 2,500,0002.5m $2.5m $2.5m 0.00% Reduced -425.0k -425,000
57 EDMOND DE ROTHSCHILD HOLDING S.A. 0.04% of their portfolio CHAMBESY, V8 2,494,0002.5m $2.5m $2.5m 0.04% Reduced -500.0k -500,000
58 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 2,179,0002.2m $2.2m $2.2m 0.00% Added +247.0k +247,000
59 CAMDEN ASSET MANAGEMENT L P /CA 0.06% of their portfolio Los Angeles, CA 1,750,0001.8m $1.8m $1.8m 0.06% New
60 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 1,700,0001.7m $1.7m $1.7m 0.00% Reduced -100.0k -100,000
61 Ameritas Investment Partners, Inc. 0.06% of their portfolio LINCOLN, NE 1,610,0001.6m $1.6m $1.6m 0.06% Unchanged
62 Sculptor Capital LP 0.03% of their portfolio New York, NY 1,500,0001.5m $1.5m $1.5m 0.03% New
63 JUPITER ASSET MANAGEMENT LTD 0.01% of their portfolio London, X0 1,500,0001.5m $1.5m $1.5m 0.01% Unchanged
64 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,320,0001.3m $1.3m $1.3m 0.00% Unchanged
65 FIRST HAWAIIAN BANK 0.03% of their portfolio HONOLULU, HI 1,036,0001.0m $1.0m $1.0m 0.03% Added +177.0k +177,000
66 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 692,000692.0k $698.9k $698.9k 0.00% New
67 RBF Capital, LLC 0.03% of their portfolio RENO, NV 500,000500.0k $506.0k $506.0k 0.03% Unchanged
68 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 500,000500.0k $505.7k $505.7k 0.00% Unchanged
69 KBC Group NV 0.00% of their portfolio Brussels, C9 500,000500.0k $508.0k $508.0k 0.00% Unchanged
70 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 401,000401.0k $405.8k $405.8k 0.00% Added +3.0k +3,000
71 Fox Hill Wealth Management 0.14% of their portfolio DEDHAM, MA 206,000206.0k $207.2k $207.2k 0.14% Reduced -19.0k -19,000
72 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 180,000180.0k $181.6k $181.6k 0.01% Reduced -288.0k -288,000
73 Financiere des Professionnels - Fonds d'investissement inc. 0.01% of their portfolio MONTREAL, A8 165,000165.0k $167.6k $167.6k 0.01% Added +55.0k +55,000
74 NOMURA HOLDINGS INC 0.03% of their portfolio TOKYO, M0 123,150123.2k $3.6m $3.6m 0.03% New
75 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 86,00086.0k $87.0k $87.0k 0.00% Added +36.0k +36,000
76 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 84,00084.0k $85.0k $85.0k 0.00% Reduced -86.0k -86,000
77 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 77,00077.0k $77.9k $77.9k 0.00% Added +24.0k +24,000
78 SG Americas Securities, LLC 0.04% of their portfolio NEW YORK, NY 73,84073.8k $7.5m $7.5m 0.04% Unchanged
79 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 59,00059.0k $59.7k $59.7k 0.00% Unchanged
80 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 55,00055.0k $55.7k $55.7k 0.00% Unchanged
81 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 35,00035.0k $35.4k $35.4k 0.00% New
82 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 32,00032.0k $32.2k $32.2k 0.01% Added +1.0k +1,000
83 Northside Capital Management, LLC 0.01% of their portfolio Hood River, OR 28,00028.0k $28.2k $28.2k 0.01% Unchanged
84 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 21,00021.0k $21.1k $21.1k 0.00% Added +5.0k +5,000
85 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 21,00021.0k $21.1k $21.1k 0.00% Reduced -6.0k -6,000
86 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 20,00020.0k $20.2k $20.2k 0.00% Reduced -5.0k -5,000
87 PATRON PARTNERS, LLC 0.01% of their portfolio HOUSTON, TX 18,00018.0k $18.1k $18.1k 0.01% Unchanged
88 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 15,00015.0k $15.0k $15.0k 0.00% Reduced -16.0k -16,000
89 Iron Horse Wealth Management, LLC 0.00% of their portfolio JOHSTON, IA 12,00012.0k $12.1k $12.1k 0.00% Unchanged
90 TIAA TRUST, NATIONAL ASSOCIATION 0.00% of their portfolio CHARLOTTE, NC 12,00012.0k $12.1k $12.1k 0.00% Unchanged
91 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 11,00011.0k $11.1k $11.1k 0.00% Unchanged
92 Florida Trust Wealth Management Co 0.00% of their portfolio SANIBEL, FL 10,00010.0k $10.1k $10.1k 0.00% Unchanged
93 Candriam S.C.A. 0.05% of their portfolio STRASSEN, N4 8,1008.1k $8.2m $8.2m 0.05% Unchanged
94 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 3,0003.0k $303.6k $303.6k 0.00% Unchanged
95 LAFFER TENGLER INVESTMENTS, INC. 0.70% of their portfolio Scottsdale, AZ 2,6582.7k $2.7m $2.7m 0.70% Reduced -27 -27
96 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2,0002.0k $2.0k $2.0k 0.00% New
97 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged