Vault-13

SOUTHWEST AIRLS CO LUV 1.25 05.01.25

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

111 institutional holders +0 vs Q2 2024
72,545,74272.5m shares reported held*
$1.5bnreported value*
13 new 26 added 37 reduced 14 sold out net bought ≈ $22.4m (+10.9m 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 ≈ $20.96.

Trends to Q3 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: 111Q3 24: 111111Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 202292
Q4 202292
Q1 202393
Q2 202395
Q3 202396
Q4 202398
Q1 202497
Q2 2024111
Q3 2024111

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 27 bought or addedQ4 22: 37 cut or sold outQ1 23: 37 bought or addedQ1 23: 33 cut or sold outQ1 23Q2 23: 34 bought or addedQ2 23: 35 cut or sold outQ3 23: 21 bought or addedQ3 23: 45 cut or sold outQ3 23Q4 23: 35 bought or addedQ4 23: 36 cut or sold outQ1 24: 43 bought or addedQ1 24: 38 cut or sold outQ1 24Q2 24: 41 bought or addedQ2 24: 48 cut or sold outQ3 24: 39 bought or addedQ3 24: 51 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222737
Q1 20233733
Q2 20233435
Q3 20232145
Q4 20233536
Q1 20244338
Q2 20244148
Q3 20243951

Biggest buyers

STEELHEAD PARTNERS LLC Added +34,116,000+34.1m
Nuveen Asset Management, LLC New +32,500,000+32.5m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +24,355,000+24.4m
AQR Arbitrage LLC Added +16,625,000+16.6m
JANE STREET GROUP, LLC Added +15,190,000+15.2m
TWO SIGMA INVESTMENTS, LP New +14,578,000+14.6m
SHENKMAN CAPITAL MANAGEMENT INC Added +12,045,000+12.0m
MOORE CAPITAL MANAGEMENT, LP New +10,000,000+10.0m
ROYAL BANK OF CANADA Added +9,378,000+9.4m
SONA ASSET MANAGEMENT (US) LLC Added +8,534,000+8.5m

Biggest sellers

MILLENNIUM MANAGEMENT LLC Reduced -22,500,000-22.5m
VICTORY CAPITAL MANAGEMENT INC Reduced -21,986,000-22.0m
Shaolin Capital Management LLC Sold out -21,700,000-21.7m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -17,766,000-17.8m
M&G PLC Reduced -14,443,000-14.4m
LAZARD ASSET MANAGEMENT LLC Reduced -13,942,000-13.9m
LORD, ABBETT & CO. LLC Reduced -12,069,000-12.1m
ZAZOVE ASSOCIATES LLC Sold out -8,370,000-8.4m
JPMORGAN CHASE & CO Reduced -7,506,000-7.5m
SSI INVESTMENT MANAGEMENT LLC Reduced -7,477,000-7.5m

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.17% of their portfolio ATLANTA, GA 159,550,000159.6m $161.3m $161.3m 0.17% Unchanged
2 VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio San Antonio, TX 87,794,00087.8m $88.5m $88.5m 0.09% Reduced -22.0m -21,986,000
3 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.07% of their portfolio Toronto, A6 82,910,00082.9m $83.8m $83.8m 0.07% Added +24.4m +24,355,000
4 HIGHBRIDGE CAPITAL MANAGEMENT LLC 2.89% of their portfolio NEW YORK, NY 73,831,00073.8m $74.7m $74.7m 2.89% Unchanged
5 STEELHEAD PARTNERS LLC 3.46% of their portfolio SEATTLE, WA 66,616,00066.6m $67.2m $67.2m 3.46% Added +34.1m +34,116,000
6 MacKay Shields LLC 1.76% of their portfolio New York, NY 63,424,00063.4m $64.1m $64.1m 1.76% Reduced -145.0k -145,000
7 AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio KANSAS CITY, MO 61,845,00061.8m $62.5m $62.5m 0.04% Added +2.1m +2,074,000
8 SONA ASSET MANAGEMENT (US) LLC 3.25% of their portfolio NEW YORK, NY 61,034,00061.0m $61.7m $61.7m 3.25% Added +8.5m +8,534,000
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 53,882,00053.9m $54.5m $54.5m 0.00% Reduced -7.5m -7,506,000
10 SHENKMAN CAPITAL MANAGEMENT INC 3.68% of their portfolio NEW YORK, NY 46,465,00046.5m $47.5m $47.5m 3.68% Added +12.0m +12,045,000
11 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.04% of their portfolio FRANKFURT AM MAIN, 2M 42,200,00042.2m $42.7m $42.7m 0.04% Reduced -1.5m -1,500,000
12 AQR Arbitrage LLC 0.85% of their portfolio Greenwich, CT 36,300,00036.3m $36.7m $36.7m 0.85% Added +16.6m +16,625,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 32,575,00032.6m $33.0m $33.0m 0.00% Reduced -150.0k -150,000
14 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 32,500,00032.5m $32.7m $32.7m 0.01% New
15 TENOR CAPITAL MANAGEMENT Co., L.P. 0.36% of their portfolio NEW YORK, NY 25,000,00025.0m $25.4m $25.4m 0.36% Unchanged
16 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 24,992,00025.0m $25.2m $25.2m 0.04% Added +15.2m +15,190,000
17 ADVENT CAPITAL MANAGEMENT /DE/ 0.58% of their portfolio NEW YORK, NY 22,894,00022.9m $23.1m $23.1m 0.58% Reduced -17.8m -17,766,000
18 Walleye Capital LLC 0.20% of their portfolio NEW YORK, NY 18,831,00018.8m $19.0m $19.0m 0.20% Added +3.8m +3,831,000
19 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 18,501,00018.5m $18.7m $18.7m 0.03% Unchanged
20 Wellesley Asset Management 1.76% of their portfolio PORTSMOUTH, NH 17,930,00017.9m $18.1m $18.1m 1.76% Added +774.8k +774,767
21 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 17,591,00017.6m $17.8m $17.8m 0.00% Reduced -1.5m -1,514,000
22 PIER 88 INVESTMENT PARTNERS LLC 3.79% of their portfolio SAN FRANCISCO, CA 17,080,00017.1m $17.2m $17.2m 3.79% Reduced -860.0k -860,000
23 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 16,245,00016.2m $16.4m $16.4m 0.03% Reduced -52.0k -52,000
24 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 15,639,00015.6m $15.9m $15.9m 0.00% Reduced -4.1m -4,065,000
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 14,693,00014.7m $14.8m $14.8m 0.00% Added +6.3m +6,255,000
26 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 14,578,00014.6m $14.7m $14.7m 0.03% New
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 14,378,50014.4m $14.5m $14.5m 0.00% Added +2.7m +2,663,500
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 14,088,00014.1m $14.2m $14.2m 0.00% Added +9.4m +9,378,000
29 BlackRock, Inc. 0.00% of their portfolio New York, NY 13,385,00013.4m $13.5m $13.5m 0.00% First filing
30 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 12,500,00012.5m $12.6m $12.6m 0.01% Reduced -22.5m -22,500,000
31 RWC Asset Management LLP 0.73% of their portfolio LONDON, X0 12,500,00012.5m $12.6m $12.6m 0.73% Added +4.0m +4,000,000
32 INCOME RESEARCH & MANAGEMENT 5.79% of their portfolio Boston, MA 11,947,00011.9m $12.0m $12.0m 5.79% Unchanged
33 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 11,745,00011.7m $11.9m $11.9m 0.04% Reduced -12.1m -12,069,000
34 M&G PLC 0.06% of their portfolio London, X0 11,708,00011.7m $11.8m $11.8m 0.06% Reduced -14.4m -14,443,000
35 FMR LLC 0.00% of their portfolio BOSTON, MA 11,402,00011.4m $11.5m $11.5m 0.00% Reduced -215.0k -215,000
36 MOORE CAPITAL MANAGEMENT, LP 0.29% of their portfolio NEW YORK, NY 10,000,00010.0m $10.1m $10.1m 0.29% New
37 Amundi 0.00% of their portfolio Paris, I0 9,500,0009.5m $9.6m $9.6m 0.00% Unchanged
38 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 8,523,0008.5m $8.6m $8.6m 0.00% Reduced -2.5m -2,505,000
39 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 8,507,0008.5m $8.6m $8.6m 0.00% Added +7.4m +7,365,000
40 OSTERWEIS CAPITAL MANAGEMENT INC 0.40% of their portfolio SAN FRANCISCO, CA 7,875,0007.9m $8.0m $8.0m 0.40% Unchanged
41 Man Group plc 0.02% of their portfolio LONDON, X0 7,050,0007.0m $7.1m $7.1m 0.02% Unchanged
42 SSI INVESTMENT MANAGEMENT LLC 0.52% of their portfolio Los Angeles, CA 6,976,0007.0m $7.0m $7.0m 0.52% Reduced -7.5m -7,477,000
43 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 6,953,0007.0m $7.0m $7.0m 0.00% Added +2.3m +2,305,000
44 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 6,500,0006.5m $6.5m $6.5m 0.00% Reduced -577.0k -577,000
45 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 5,900,0005.9m $6.0m $6.0m 0.01% Unchanged
46 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 5,809,0005.8m $5.9m $5.9m 0.01% Added +1.7m +1,712,000
47 CONNING INC. 0.17% of their portfolio HARTFORD, CT 5,200,0005.2m $5.3m $5.3m 0.17% Unchanged
48 Lombard Odier Asset Management (Europe) Ltd 0.22% of their portfolio LONDON, X0 4,723,0004.7m $4.8m $4.8m 0.22% Unchanged
49 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 4,000,0004.0m $4.0m $4.0m 0.01% New
50 PALISADE CAPITAL MANAGEMENT, LP 0.09% of their portfolio FORT LEE, NJ 3,422,0003.4m $3.5m $3.5m 0.09% Reduced -1.9m -1,900,000
51 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 3,377,0003.4m $3.4m $3.4m 0.00% Added +3.1m +3,125,000
52 AXA S.A. 0.01% of their portfolio PARIS, I0 3,120,0003.1m $3.1m $3.1m 0.01% Reduced -6.5m -6,520,000
53 Nicholas Investment Partners, LP 0.29% of their portfolio RANCHO SANTA FE, CA 3,100,0003.1m $3.1m $3.1m 0.29% Added +1.4m +1,450,000
54 LOOMIS SAYLES & CO L P 0.12% of their portfolio BOSTON, MA 3,089,5263.1m $91.5m $91.5m 0.12% Reduced -913.8k -913,790
55 Warberg Asset Management LLC 0.85% of their portfolio WINNETKA, IL 3,060,0003.1m $3.1m $3.1m 0.85% Added +45.0k +45,000
56 Paloma Partners Management Co 0.17% of their portfolio GREENWICH, CT 3,052,0003.1m $3.1m $3.1m 0.17% Added +427.0k +427,000
57 MIZUHO SECURITIES USA LLC 0.03% of their portfolio NEW YORK, NY 3,006,0003.0m $3.0m $3.0m 0.03% New
58 UBS Group AG 0.00% of their portfolio ZURICH, V8 3,000,0003.0m $3.0m $3.0m 0.00% Reduced -1.0k -1,000
59 KIM, LLC 0.37% of their portfolio WICHITA, KS 3,000,0003.0m $3.0m $3.0m 0.37% Unchanged
60 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,700,0002.7m $2.7m $2.7m 0.00% Unchanged
61 Calamos Advisors LLC 0.01% of their portfolio NAPERVILLE, IL 2,420,0002.4m $2.4m $2.4m 0.01% Reduced -655.0k -655,000
62 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 2,000,0002.0m $2.0m $2.0m 0.00% Unchanged
63 SILVERBACK ASSET MANAGEMENT LLC 0.28% of their portfolio DURHAM, NC 2,000,0002.0m $2.0m $2.0m 0.28% Reduced -3.0m -3,000,000
64 AEGON USA Investment Management, LLC 1.38% of their portfolio CEDAR RAPIDS, IA 1,813,0001.8m $1.8m $1.8m 1.38% Unchanged
65 CAMDEN ASSET MANAGEMENT L P /CA 0.04% of their portfolio Los Angeles, CA 1,700,0001.7m $1.7m $1.7m 0.04% Reduced -50.0k -50,000
66 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,619,0001.6m $1.6m $1.6m 0.00% Reduced -13.9m -13,942,000
67 Monashee Investment Management LLC 0.16% of their portfolio Boston, MA 1,500,0001.5m $1.5m $1.5m 0.16% New
68 RATIONAL ADVISORS, INC. 0.14% of their portfolio San Juan, PR 1,470,0001.5m $1.5m $1.5m 0.14% Reduced -860.0k -860,000
69 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 1,175,0001.2m $1.2m $1.2m 0.00% Reduced -603.0k -603,000
70 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 600,000600.0k $606.5k $606.5k 0.00% Reduced -600.0k -600,000
71 RBF Capital, LLC 0.03% of their portfolio RENO, NV 500,000500.0k $503.7k $503.7k 0.03% Unchanged
72 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 440,000440.0k $443.3k $443.3k 0.00% Added +39.0k +39,000
73 EDMOND DE ROTHSCHILD HOLDING S.A. 0.01% of their portfolio CHAMBESY, V8 408,000408.0k $411.8k $411.8k 0.01% Reduced -2.0m -2,021,000
74 LAZARI CAPITAL MANAGEMENT, INC. 0.16% of their portfolio WOODLAND HILLS, CA 375,000375.0k $379.7k $379.7k 0.16% New
75 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 300,000300.0k $302.7k $302.7k 0.00% Reduced -100.0k -100,000
76 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $304.0k $304.0k 0.00% Unchanged
77 NOMURA HOLDINGS INC 0.07% of their portfolio TOKYO, M0 298,335298.3k $8.8m $8.8m 0.07% Added +252.4k +252,393
78 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 251,000251.0k $252.9k $252.9k 0.01% Reduced -785.0k -785,000
79 Financiere des Professionnels - Fonds d'investissement inc. 0.02% of their portfolio MONTREAL, A8 250,000250.0k $252.8k $252.8k 0.02% Unchanged
80 Fox Hill Wealth Management 0.11% of their portfolio DEDHAM, MA 202,000202.0k $204.0k $204.0k 0.11% Unchanged
81 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 171,000171.0k $172.3k $172.3k 0.00% Added +71.0k +71,000
82 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 166,000166.0k $167.7k $167.7k 0.01% Reduced -1.0k -1,000
83 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 138,000138.0k $139.0k $139.0k 0.00% Reduced -7.0k -7,000
84 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 107,000107.0k $107.8k $107.8k 0.00% Added +21.0k +21,000
85 SG Americas Securities, LLC 0.03% of their portfolio NEW YORK, NY 73,84073.8k $7.5m $7.5m 0.03% Unchanged
86 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 71,00071.0k $71.5k $71.5k 0.00% Reduced -5.0k -5,000
87 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 63,00063.0k $63.5k $63.5k 0.00% Added +4.0k +4,000
88 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 55,00055.0k $55.4k $55.4k 0.00% Unchanged
89 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 32,00032.0k $32.3k $32.3k 0.01% Unchanged
90 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 29,00029.0k $29.2k $29.2k 0.00% Unchanged
91 Northside Capital Management, LLC 0.00% of their portfolio Hood River, OR 28,00028.0k $28.3k $28.3k 0.00% New
92 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 20,00020.0k $20.1k $20.1k 0.00% Unchanged
93 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 19,00019.0k $19.2k $19.2k 0.00% Reduced -5.0k -5,000
94 PATRON PARTNERS, LLC 0.01% of their portfolio HOUSTON, TX 18,00018.0k $18.2k $18.2k 0.01% Unchanged
95 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 16,00016.0k $16.2k $16.2k 0.00% New
96 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 16,00016.0k $16.2k $16.2k 0.00% Unchanged
97 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 15,00015.0k $15.1k $15.1k 0.00% Unchanged
98 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 14,00014.0k $14.0k $14.0k 0.00% Reduced -1.0k -1,000
99 Roundview Capital LLC 0.00% of their portfolio PRINCETON, NJ 12,50012.5k $12.6k $12.6k 0.00% New
100 TIAA TRUST, NATIONAL ASSOCIATION 0.00% of their portfolio CHARLOTTE, NC 12,00012.0k $12.1k $12.1k 0.00% Unchanged