Vault-13

SOUTHWEST AIRLS CO LUV 1.25 05.01.25

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

111 institutional holders +14 vs Q1 2024
61,677,74961.7m shares reported held*
$1.5bnreported value*
21 new 20 added 41 reduced 7 sold out net sold ≈ $42.1m (+1.8m 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 ($2.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.81.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 92Q4 22: 92Q1 23: 93Q2 23: 95Q3 23: 96Q4 23: 98Q1 24: 97Q2 24: 111111Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202292
Q4 202292
Q1 202393
Q2 202395
Q3 202396
Q4 202398
Q1 202497
Q2 2024111

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 outQ2 23: 34 bought or addedQ2 23: 35 cut or sold outQ2 23Q3 23: 21 bought or addedQ3 23: 45 cut or sold outQ4 23: 35 bought or addedQ4 23: 36 cut or sold outQ4 23Q1 24: 43 bought or addedQ1 24: 38 cut or sold outQ2 24: 41 bought or addedQ2 24: 48 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222737
Q1 20233733
Q2 20233435
Q3 20232145
Q4 20233536
Q1 20244338
Q2 20244148

Biggest buyers

HIGHBRIDGE CAPITAL MANAGEMENT LLC New +73,831,000+73.8m
MILLENNIUM MANAGEMENT LLC New +35,000,000+35.0m
STEELHEAD PARTNERS LLC New +32,500,000+32.5m
LORD, ABBETT & CO. LLC New +23,814,000+23.8m
Shaolin Capital Management LLC New +21,700,000+21.7m
AQR Arbitrage LLC New +19,675,000+19.7m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +15,000,000+15.0m
WELLS FARGO & COMPANY/MN Added +13,132,000+13.1m
SHENKMAN CAPITAL MANAGEMENT INC Added +11,635,000+11.6m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +11,028,000+11.0m

Biggest sellers

ZAZOVE ASSOCIATES LLC Reduced -111,840,000-111.8m
LAZARD ASSET MANAGEMENT LLC Reduced -69,908,000-69.9m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -41,343,000-41.3m
MORGAN STANLEY Reduced -36,475,000-36.5m
SCHRODER INVESTMENT MANAGEMENT GROUP Sold out -21,950,000-21.9m
RWC Asset Management LLP Reduced -10,300,000-10.3m
JPMORGAN CHASE & CO Reduced -9,898,000-9.9m
NOMURA ASSET MANAGEMENT CO LTD Reduced -8,000,000-8.0m
VICTORY CAPITAL MANAGEMENT INC Reduced -7,543,000-7.5m
Thrivent Financial for Lutherans Reduced -7,210,000-7.2m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.16% of their portfolio ATLANTA, GA 159,550,000159.6m $160.3m $160.3m 0.16% Unchanged
2 VICTORY CAPITAL MANAGEMENT INC 0.11% of their portfolio San Antonio, TX 109,780,000109.8m $109.9m $109.9m 0.11% Reduced -7.5m -7,543,000
3 HIGHBRIDGE CAPITAL MANAGEMENT LLC 3.03% of their portfolio NEW YORK, NY 73,831,00073.8m $73.9m $73.9m 3.03% New
4 MacKay Shields LLC 1.94% of their portfolio New York, NY 63,569,00063.6m $63.9m $63.9m 1.94% Reduced -172.0k -172,000
5 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 61,388,00061.4m $61.5m $61.5m 0.00% Reduced -9.9m -9,898,000
6 AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio KANSAS CITY, MO 59,771,00059.8m $60.1m $60.1m 0.04% Added +5.7m +5,737,000
7 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio Toronto, A6 58,555,00058.6m $59.0m $59.0m 0.06% Added +1.2m +1,155,000
8 SONA ASSET MANAGEMENT (US) LLC 4.28% of their portfolio NEW YORK, NY 52,500,00052.5m $52.6m $52.6m 4.28% Added +1.5m +1,500,000
9 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.05% of their portfolio FRANKFURT AM MAIN, 2M 43,700,00043.7m $43.8m $43.8m 0.05% Reduced -5.5m -5,500,000
10 ADVENT CAPITAL MANAGEMENT /DE/ 0.99% of their portfolio NEW YORK, NY 40,660,00040.7m $40.9m $40.9m 0.99% Reduced -41.3m -41,343,000
11 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 35,000,00035.0m $35.1m $35.1m 0.03% New
12 SHENKMAN CAPITAL MANAGEMENT INC 3.03% of their portfolio NEW YORK, NY 34,420,00034.4m $35.3m $35.3m 3.03% Added +11.6m +11,635,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 32,725,00032.7m $32.8m $32.8m 0.00% Reduced -2.0m -2,000,000
14 STEELHEAD PARTNERS LLC 1.69% of their portfolio SEATTLE, WA 32,500,00032.5m $32.5m $32.5m 1.69% New
15 CQS (US), LLC 7.33% of their portfolio NEW YORK, NY 26,850,00026.9m $26.9m $26.9m 7.33% Reduced -500.0k -500,000
16 M&G PLC 0.15% of their portfolio London, X0 26,151,00026.2m $26.2m $26.2m 0.15% Reduced -564.0k -564,000
17 TENOR CAPITAL MANAGEMENT Co., L.P. 0.39% of their portfolio NEW YORK, NY 25,000,00025.0m $25.1m $25.1m 0.39% Added +15.0m +15,000,000
18 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 23,814,00023.8m $23.9m $23.9m 0.04% New
19 Shaolin Capital Management LLC 0.67% of their portfolio Miami, FL 21,700,00021.7m $21.8m $21.8m 0.67% New
20 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 19,704,00019.7m $19.8m $19.8m 0.00% Added +2.6m +2,580,000
21 AQR Arbitrage LLC 0.51% of their portfolio Greenwich, CT 19,675,00019.7m $19.8m $19.8m 0.51% New
22 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 19,105,00019.1m $19.1m $19.1m 0.00% Added +13.1m +13,132,000
23 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 18,501,00018.5m $18.6m $18.6m 0.03% Reduced -4.8m -4,800,000
24 PIER 88 INVESTMENT PARTNERS LLC 4.03% of their portfolio SAN FRANCISCO, CA 17,940,00017.9m $18.0m $18.0m 4.03% Reduced -700.0k -700,000
25 Wellesley Asset Management 1.82% of their portfolio PORTSMOUTH, NH 17,155,23317.2m $17.2m $17.2m 1.82% Added +7.7m +7,706,233
26 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 16,297,00016.3m $16.3m $16.3m 0.03% Reduced -7.2m -7,210,000
27 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 15,561,00015.6m $15.6m $15.6m 0.02% Reduced -69.9m -69,908,000
28 Walleye Capital LLC 0.16% of their portfolio NEW YORK, NY 15,000,00015.0m $15.1m $15.1m 0.16% Added +8.5m +8,500,000
29 SSI INVESTMENT MANAGEMENT LLC 1.11% of their portfolio Los Angeles, CA 14,453,00014.5m $14.5m $14.5m 1.11% Unchanged
30 BlackRock Inc. 0.00% of their portfolio New York, NY 13,635,00013.6m $13.6m $13.6m 0.00% Added +975.0k +975,000
31 INCOME RESEARCH & MANAGEMENT 6.90% of their portfolio Boston, MA 11,947,00011.9m $12.0m $12.0m 6.90% Unchanged
32 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 11,715,00011.7m $11.7m $11.7m 0.00% Added +642.0k +642,000
33 FMR LLC 0.00% of their portfolio BOSTON, MA 11,617,00011.6m $11.6m $11.6m 0.00% Reduced -750.0k -750,000
34 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 11,028,00011.0m $11.0m $11.0m 0.00% New
35 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 9,802,0009.8m $9.8m $9.8m 0.01% Added +9.1m +9,110,000
36 AXA S.A. 0.01% of their portfolio PARIS, I0 9,640,0009.6m $9.6m $9.6m 0.01% Added +290.0k +290,000
37 Amundi 0.00% of their portfolio Paris, I0 9,500,0009.5m $9.5m $9.5m 0.00% Unchanged
38 RWC Asset Management LLP 0.60% of their portfolio LONDON, X0 8,500,0008.5m $8.5m $8.5m 0.60% Reduced -10.3m -10,300,000
39 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 8,438,0008.4m $8.4m $8.4m 0.00% Reduced -36.5m -36,475,000
40 ZAZOVE ASSOCIATES LLC 0.49% of their portfolio INCLINE VILLAGE, NV 8,370,0008.4m $8.4m $8.4m 0.49% Reduced -111.8m -111,840,000
41 OSTERWEIS CAPITAL MANAGEMENT INC 0.41% of their portfolio SAN FRANCISCO, CA 7,875,0007.9m $7.9m $7.9m 0.41% Unchanged
42 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 7,077,0007.1m $7.1m $7.1m 0.00% Added +2.0k +2,000
43 Man Group plc 0.02% of their portfolio LONDON, X0 7,050,0007.0m $7.0m $7.0m 0.02% Reduced -3.2m -3,200,000
44 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 6,444,0006.4m $6.6m $6.6m 0.01% Added +68.0k +68,000
45 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 5,900,0005.9m $5.9m $5.9m 0.02% Reduced -1.0m -1,000,000
46 PALISADE CAPITAL MANAGEMENT, LP 0.14% of their portfolio FORT LEE, NJ 5,322,0005.3m $5.3m $5.3m 0.14% Unchanged
47 CONNING INC. 0.19% of their portfolio HARTFORD, CT 5,200,0005.2m $5.2m $5.2m 0.19% Unchanged
48 SILVERBACK ASSET MANAGEMENT LLC 0.62% of their portfolio DURHAM, NC 5,000,0005.0m $5.0m $5.0m 0.62% New
49 Lombard Odier Asset Management (Europe) Ltd 0.23% of their portfolio LONDON, X0 4,723,0004.7m $4.7m $4.7m 0.23% Reduced -1.4m -1,400,000
50 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,710,0004.7m $4.7m $4.7m 0.00% Reduced -1.1m -1,065,000
51 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 4,690,0004.7m $4.7m $4.7m 0.01% Reduced -3.0m -3,003,000
52 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 4,648,0004.6m $4.7m $4.7m 0.00% New
53 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,097,0004.1m $4.1m $4.1m 0.00% New
54 LOOMIS SAYLES & CO L P 0.16% of their portfolio BOSTON, MA 4,003,3164.0m $114.5m $114.5m 0.16% Reduced -45.5k -45,544
55 BOOTHBAY FUND MANAGEMENT, LLC 0.12% of their portfolio NEW YORK, NY 4,000,0004.0m $4.0m $4.0m 0.12% New
56 Liberty Mutual Group Asset Management Inc. 0.49% of their portfolio Boston, MA 3,340,0003.3m $3.3m $3.3m 0.49% Unchanged
57 Calamos Advisors LLC 0.01% of their portfolio NAPERVILLE, IL 3,075,0003.1m $3.1m $3.1m 0.01% Reduced -452.0k -452,000
58 Warberg Asset Management LLC 0.80% of their portfolio WINNETKA, IL 3,015,0003.0m $3.0m $3.0m 0.80% New
59 UBS Group AG 0.00% of their portfolio ZURICH, V8 3,001,0003.0m $3.0m $3.0m 0.00% New
60 KIM, LLC 0.32% of their portfolio WICHITA, KS 3,000,0003.0m $3.0m $3.0m 0.32% New
61 KORNITZER CAPITAL MANAGEMENT INC /KS 0.05% of their portfolio SHAWNEE MISSION, KS 2,750,0002.8m $2.8m $2.8m 0.05% Reduced -1.0m -1,000,000
62 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,700,0002.7m $2.7m $2.7m 0.00% Added +1.0m +1,000,000
63 Paloma Partners Management Co 0.23% of their portfolio GREENWICH, CT 2,625,0002.6m $2.6m $2.6m 0.23% Reduced -435.0k -435,000
64 EDMOND DE ROTHSCHILD HOLDING S.A. 0.04% of their portfolio CHAMBESY, V8 2,429,0002.4m $2.4m $2.4m 0.04% Reduced -65.0k -65,000
65 RATIONAL ADVISORS, INC. 0.23% of their portfolio San Juan, PR 2,330,0002.3m $2.3m $2.3m 0.23% Reduced -700.0k -700,000
66 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 2,000,0002.0m $2.0m $2.0m 0.00% New
67 AEGON USA Investment Management, LLC 1.44% of their portfolio CEDAR RAPIDS, IA 1,813,0001.8m $1.8m $1.8m 1.44% Reduced -2.2m -2,187,000
68 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 1,778,0001.8m $1.8m $1.8m 0.00% Reduced -401.0k -401,000
69 CAMDEN ASSET MANAGEMENT L P /CA 0.05% of their portfolio Los Angeles, CA 1,750,0001.8m $1.8m $1.8m 0.05% Unchanged
70 Nicholas Investment Partners, LP 0.17% of their portfolio RANCHO SANTA FE, CA 1,650,0001.6m $1.7m $1.7m 0.17% New
71 Ameritas Investment Partners, Inc. 0.06% of their portfolio LINCOLN, NE 1,610,0001.6m $1.6m $1.6m 0.06% Unchanged
72 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,200,0001.2m $1.2m $1.2m 0.00% Reduced -120.0k -120,000
73 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,142,0001.1m $1.1m $1.1m 0.00% Reduced -3.6m -3,608,000
74 FIRST HAWAIIAN BANK 0.03% of their portfolio HONOLULU, HI 1,036,0001.0m $1.0m $1.0m 0.03% Unchanged
75 RBF Capital, LLC 0.03% of their portfolio RENO, NV 500,000500.0k $500.5k $500.5k 0.03% Unchanged
76 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 401,000401.0k $401.4k $401.4k 0.00% Unchanged
77 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 400,000400.0k $399.9k $399.9k 0.00% Reduced -100.0k -100,000
78 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $301.0k $301.0k 0.00% Reduced -200.0k -200,000
79 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 252,000252.0k $252.4k $252.4k 0.00% Reduced -3.0m -3,033,000
80 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 250,000250.0k $250.3k $250.3k 0.00% New
81 Financiere des Professionnels - Fonds d'investissement inc. 0.02% of their portfolio MONTREAL, A8 250,000250.0k $250.4k $250.4k 0.02% Added +85.0k +85,000
82 Fox Hill Wealth Management 0.12% of their portfolio DEDHAM, MA 202,000202.0k $202.0k $202.0k 0.12% Reduced -4.0k -4,000
83 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 167,000167.0k $167.2k $167.2k 0.01% Reduced -13.0k -13,000
84 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 145,000145.0k $145.1k $145.1k 0.00% Added +61.0k +61,000
85 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 100,000100.0k $100.1k $100.1k 0.00% New
86 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 86,00086.0k $86.1k $86.1k 0.00% Unchanged
87 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 76,00076.0k $76.1k $76.1k 0.00% Reduced -1.0k -1,000
88 SG Americas Securities, LLC 0.05% of their portfolio NEW YORK, NY 73,84073.8k $7.4m $7.4m 0.05% Unchanged
89 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 59,00059.0k $59.1k $59.1k 0.00% Unchanged
90 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 55,00055.0k $55.1k $55.1k 0.00% Unchanged
91 NOMURA HOLDINGS INC 0.01% of their portfolio TOKYO, M0 45,94245.9k $1.3m $1.3m 0.01% Reduced -77.2k -77,208
92 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 32,00032.0k $32.0k $32.0k 0.01% Unchanged
93 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 29,00029.0k $29.0k $29.0k 0.00% Added +18.0k +18,000
94 Northside Capital Management, LLC 0.00% of their portfolio Hood River, OR 28,00028.0k $28.0k $28.0k 0.00% Unchanged
95 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 24,00024.0k $24.0k $24.0k 0.00% Added +3.0k +3,000
96 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 20,00020.0k $20.0k $20.0k 0.00% Unchanged
97 PATRON PARTNERS, LLC 0.01% of their portfolio HOUSTON, TX 18,00018.0k $18.0k $18.0k 0.01% Unchanged
98 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 16,00016.0k $16.0k $16.0k 0.00% New
99 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 15,00015.0k $15.0k $15.0k 0.00% Unchanged
100 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 15,00015.0k $15.0k $15.0k 0.00% Reduced -6.0k -6,000