Vault-13

SOUTHWEST AIRLS CO LUV 1.25 05.01.25

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

120 institutional holders +9 vs Q3 2024
51,474,49851.5m shares reported held*
$1.6bnreported value*
14 new 32 added 39 reduced 9 sold out net bought ≈ $104.5m (-23.4m 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 ($3.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $31.85.

Trends to Q4 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: 111Q4 24: 120120Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202292
Q4 202292
Q1 202393
Q2 202395
Q3 202396
Q4 202398
Q1 202497
Q2 2024111
Q3 2024111
Q4 2024120

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 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 24Q3 24: 39 bought or addedQ3 24: 51 cut or sold outQ4 24: 46 bought or addedQ4 24: 48 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20233733
Q2 20233435
Q3 20232145
Q4 20233536
Q1 20244338
Q2 20244148
Q3 20243951
Q4 20244648

Biggest buyers

ADVENT CAPITAL MANAGEMENT /DE/ Added +46,396,000+46.4m
Walleye Capital LLC Added +36,574,000+36.6m
VOYA INVESTMENT MANAGEMENT LLC Added +31,490,000+31.5m
AQR Arbitrage LLC Added +30,360,000+30.4m
LORD, ABBETT & CO. LLC Added +25,266,000+25.3m
Lombard Odier Asset Management (Europe) Ltd Added +24,910,000+24.9m
STEELHEAD PARTNERS LLC Added +13,384,000+13.4m
TWO SIGMA INVESTMENTS, LP Added +12,800,000+12.8m
M&G PLC Added +12,334,000+12.3m
NEW YORK STATE COMMON RETIREMENT FUND New +8,095,000+8.1m

Biggest sellers

Nuveen Asset Management, LLC Sold out -32,500,000-32.5m
JPMORGAN CHASE & CO Reduced -27,996,000-28.0m
JANE STREET GROUP, LLC Sold out -24,992,000-25.0m
VICTORY CAPITAL MANAGEMENT INC Reduced -12,553,000-12.6m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Reduced -10,500,000-10.5m
MOORE CAPITAL MANAGEMENT, LP Sold out -10,000,000-10.0m
WELLS FARGO & COMPANY/MN Reduced -9,084,000-9.1m
MORGAN STANLEY Reduced -5,579,000-5.6m
BANK OF MONTREAL /CAN/ Reduced -5,315,000-5.3m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -4,700,000-4.7m

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.20% of their portfolio ATLANTA, GA 191,040,000191.0m $196.8m $196.8m 0.20% Added +31.5m +31,490,000
2 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.07% of their portfolio Toronto, A6 82,260,00082.3m $84.7m $84.7m 0.07% Reduced -650.0k -650,000
3 STEELHEAD PARTNERS LLC 4.15% of their portfolio SEATTLE, WA 80,000,00080.0m $82.5m $82.5m 4.15% Added +13.4m +13,384,000
4 VICTORY CAPITAL MANAGEMENT INC 0.08% of their portfolio San Antonio, TX 75,241,00075.2m $77.4m $77.4m 0.08% Reduced -12.6m -12,553,000
5 HIGHBRIDGE CAPITAL MANAGEMENT LLC 2.91% of their portfolio NEW YORK, NY 73,831,00073.8m $76.0m $76.0m 2.91% Unchanged
6 ADVENT CAPITAL MANAGEMENT /DE/ 1.65% of their portfolio NEW YORK, NY 69,290,00069.3m $71.4m $71.4m 1.65% Added +46.4m +46,396,000
7 AQR Arbitrage LLC 1.63% of their portfolio Greenwich, CT 66,660,00066.7m $68.7m $68.7m 1.63% Added +30.4m +30,360,000
8 MacKay Shields LLC 1.91% of their portfolio New York, NY 62,804,00062.8m $64.7m $64.7m 1.91% Reduced -620.0k -620,000
9 SONA ASSET MANAGEMENT (US) LLC 3.16% of their portfolio NEW YORK, NY 59,534,00059.5m $61.4m $61.4m 3.16% Reduced -1.5m -1,500,000
10 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 58,389,00058.4m $60.2m $60.2m 0.03% Reduced -3.5m -3,456,000
11 Walleye Capital LLC 0.54% of their portfolio NEW YORK, NY 55,405,00055.4m $57.1m $57.1m 0.54% Added +36.6m +36,574,000
12 SHENKMAN CAPITAL MANAGEMENT INC 3.92% of their portfolio NEW YORK, NY 42,937,00042.9m $44.6m $44.6m 3.92% Reduced -3.5m -3,528,000
13 LORD, ABBETT & CO. LLC 0.12% of their portfolio JERSEY CITY, NJ 37,011,00037.0m $38.1m $38.1m 0.12% Added +25.3m +25,266,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 36,475,00036.5m $37.6m $37.6m 0.00% Added +3.9m +3,900,000
15 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio FRANKFURT AM MAIN, 2M 31,700,00031.7m $32.7m $32.7m 0.03% Reduced -10.5m -10,500,000
16 Universal- Beteiligungs- und Servicegesellschaft mbH 0.06% of their portfolio FRANKFURT AM MAIN, 2M 31,415,00031.4m $32.4m $32.4m 0.06% First filing
17 Lombard Odier Asset Management (Europe) Ltd 1.96% of their portfolio LONDON, X0 29,633,00029.6m $30.5m $30.5m 1.96% Added +24.9m +24,910,000
18 TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio NEW YORK, NY 27,378,00027.4m $28.1m $28.1m 0.06% Added +12.8m +12,800,000
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 25,886,00025.9m $26.7m $26.7m 0.00% Reduced -28.0m -27,996,000
20 TENOR CAPITAL MANAGEMENT Co., L.P. 0.36% of their portfolio NEW YORK, NY 25,000,00025.0m $25.8m $25.8m 0.36% Unchanged
21 M&G PLC 0.15% of their portfolio London, X0 24,042,00024.0m $24.8m $24.8m 0.15% Added +12.3m +12,334,000
22 SUSQUEHANNA ADVISORS GROUP, INC. 0.74% of their portfolio BALA CYNWYD, PA 19,380,00019.4m $19.9m $19.9m 0.74% First filing
23 PIER 88 INVESTMENT PARTNERS LLC 3.86% of their portfolio SAN FRANCISCO, CA 19,090,00019.1m $19.6m $19.6m 3.86% Added +2.0m +2,010,000
24 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 18,501,00018.5m $19.1m $19.1m 0.03% Unchanged
25 Wellesley Asset Management 1.84% of their portfolio PORTSMOUTH, NH 17,137,00017.1m $17.7m $17.7m 1.84% Reduced -793.0k -793,000
26 BlackRock, Inc. 0.00% of their portfolio New York, NY 16,760,00016.8m $17.2m $17.2m 0.00% Added +3.4m +3,375,000
27 FMR LLC 0.00% of their portfolio BOSTON, MA 16,579,00016.6m $17.0m $17.0m 0.00% Added +5.2m +5,177,000
28 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 15,814,00015.8m $16.3m $16.3m 0.00% Added +175.0k +175,000
29 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 15,095,00015.1m $15.5m $15.5m 0.03% Reduced -1.1m -1,150,000
30 SSI INVESTMENT MANAGEMENT LLC 1.13% of their portfolio Los Angeles, CA 14,758,00014.8m $15.1m $15.1m 1.13% Added +7.8m +7,782,000
31 RWC Asset Management LLP 0.70% of their portfolio LONDON, X0 13,500,00013.5m $13.9m $13.9m 0.70% Added +1.0m +1,000,000
32 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 12,500,00012.5m $12.9m $12.9m 0.01% Unchanged
33 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 12,404,00012.4m $12.7m $12.7m 0.00% Reduced -1.7m -1,684,000
34 INCOME RESEARCH & MANAGEMENT 5.85% of their portfolio Boston, MA 11,947,00011.9m $12.3m $12.3m 5.85% Unchanged
35 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 11,490,00011.5m $11.8m $11.8m 0.00% Reduced -2.9m -2,888,500
36 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 10,000,00010.0m $10.3m $10.3m 0.00% Added +3.0m +3,047,000
37 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 9,114,0009.1m $9.4m $9.4m 0.00% Reduced -5.6m -5,579,000
38 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,507,0008.5m $8.8m $8.8m 0.00% Reduced -9.1m -9,084,000
39 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 8,095,0008.1m $8.3m $8.3m 0.01% New
40 Amundi 0.00% of their portfolio Paris, I0 8,000,0008.0m $8.2m $8.2m 0.00% Reduced -1.5m -1,500,000
41 Man Group plc 0.02% of their portfolio LONDON, X0 7,950,0008.0m $8.2m $8.2m 0.02% Added +900.0k +900,000
42 Sculptor Capital LP 0.12% of their portfolio New York, NY 7,500,0007.5m $7.7m $7.7m 0.12% New
43 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 6,490,0006.5m $6.7m $6.7m 0.01% Added +2.5m +2,490,000
44 Union Bancaire Privee, UBP SA 0.11% of their portfolio GENEVA 1, V8 6,471,0006.5m $6.4m $6.4m 0.11% First filing
45 KIM, LLC 0.80% of their portfolio WICHITA, KS 5,500,0005.5m $5.7m $5.7m 0.80% Added +2.5m +2,500,000
46 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 5,452,0005.5m $5.6m $5.6m 0.00% New
47 CONNING INC. 0.19% of their portfolio HARTFORD, CT 5,200,0005.2m $5.3m $5.3m 0.19% Unchanged
48 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,900,0004.9m $5.0m $5.0m 0.01% Reduced -1.0m -1,000,000
49 OSTERWEIS CAPITAL MANAGEMENT INC 0.22% of their portfolio SAN FRANCISCO, CA 4,625,0004.6m $4.8m $4.8m 0.22% Reduced -3.2m -3,250,000
50 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 4,500,0004.5m $4.6m $4.6m 0.00% Reduced -2.0m -2,000,000
51 SILVERBACK ASSET MANAGEMENT LLC 0.61% of their portfolio DURHAM, NC 3,935,0003.9m $4.1m $4.1m 0.61% Added +1.9m +1,935,000
52 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,896,0003.9m $4.0m $4.0m 0.00% Reduced -1.9m -1,913,000
53 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 3,823,0003.8m $3.9m $3.9m 0.00% Reduced -4.7m -4,700,000
54 RATIONAL ADVISORS, INC. 0.35% of their portfolio San Juan, PR 3,480,0003.5m $3.6m $3.6m 0.35% Added +2.0m +2,010,000
55 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,192,0003.2m $3.3m $3.3m 0.00% Reduced -5.3m -5,315,000
56 Nicholas Investment Partners, LP 0.28% of their portfolio RANCHO SANTA FE, CA 3,100,0003.1m $3.2m $3.2m 0.28% Unchanged
57 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,700,0002.7m $2.8m $2.8m 0.00% Unchanged
58 Paloma Partners Management Co 0.16% of their portfolio GREENWICH, CT 2,381,0002.4m $2.5m $2.5m 0.16% Reduced -671.0k -671,000
59 Police & Firemen's Retirement System of New Jersey 0.02% of their portfolio TRENTON, NJ 2,315,0002.3m $2.4m $2.4m 0.02% First filing
60 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 2,000,0002.0m $2.0m $2.0m 0.00% Unchanged
61 CAMDEN ASSET MANAGEMENT L P /CA 0.05% of their portfolio Los Angeles, CA 1,775,0001.8m $1.8m $1.8m 0.05% Added +75.0k +75,000
62 Calamos Advisors LLC 0.01% of their portfolio NAPERVILLE, IL 1,773,0001.8m $1.8m $1.8m 0.01% Reduced -647.0k -647,000
63 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,619,0001.6m $1.7m $1.7m 0.00% Unchanged
64 Warberg Asset Management LLC 0.45% of their portfolio WINNETKA, IL 1,579,0001.6m $1.6m $1.6m 0.45% Reduced -1.5m -1,481,000
65 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,555,0001.6m $1.6m $1.6m 0.00% Reduced -1.8m -1,822,000
66 AEGON USA Investment Management, LLC 1.12% of their portfolio CEDAR RAPIDS, IA 1,428,0001.4m $1.5m $1.5m 1.12% Reduced -385.0k -385,000
67 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 1,021,0001.0m $1.1m $1.1m 0.00% Reduced -154.0k -154,000
68 AXA S.A. 0.00% of their portfolio PARIS, I0 1,000,0001.0m $1.0m $1.0m 0.00% Reduced -2.1m -2,120,000
69 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $1.0m $1.0m 0.00% Added +400.0k +400,000
70 PALISADE CAPITAL MANAGEMENT, LP 0.03% of their portfolio FORT LEE, NJ 922,000922.0k $948.5k $948.5k 0.03% Reduced -2.5m -2,500,000
71 FIRST HAWAIIAN BANK 0.03% of their portfolio HONOLULU, HI 860,000860.0k $882.8k $882.8k 0.03% Added +609.0k +609,000
72 RBF Capital, LLC 0.03% of their portfolio RENO, NV 500,000500.0k $513.2k $513.2k 0.03% Unchanged
73 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 445,000445.0k $456.8k $456.8k 0.00% Added +5.0k +5,000
74 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $310.0k $310.0k 0.00% Unchanged
75 Financiere des Professionnels - Fonds d'investissement inc. 0.02% of their portfolio MONTREAL, A8 250,000250.0k $257.6k $257.6k 0.02% Unchanged
76 Central Pacific Bank - Trust Division 0.03% of their portfolio HONOLULU, HI 200,000200.0k $205.3k $205.3k 0.03% New
77 Fox Hill Wealth Management 0.11% of their portfolio DEDHAM, MA 188,000188.0k $193.2k $193.2k 0.11% Reduced -14.0k -14,000
78 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 165,000165.0k $169.5k $169.5k 0.00% Reduced -6.0k -6,000
79 NOMURA HOLDINGS INC 0.03% of their portfolio TOKYO, M0 147,573147.6k $5.0m $5.0m 0.03% Reduced -150.8k -150,762
80 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 135,000135.0k $139.0k $139.0k 0.01% Reduced -31.0k -31,000
81 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 116,000116.0k $119.1k $119.1k 0.00% Reduced -22.0k -22,000
82 LAKE STREET ADVISORS GROUP, LLC 0.01% of their portfolio PORTSMOUTH, NH 107,000107.0k $109.8k $109.8k 0.01% Unchanged
83 SG Americas Securities, LLC 0.04% of their portfolio NEW YORK, NY 100,390100.4k $10.4m $10.4m 0.04% Added +26.6k +26,550
84 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 100,000100.0k $102.5k $102.5k 0.00% Reduced -200.0k -200,000
85 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 63,00063.0k $64.7k $64.7k 0.00% Unchanged
86 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 58,00058.0k $59.5k $59.5k 0.00% New
87 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 57,00057.0k $58.5k $58.5k 0.00% Added +28.0k +28,000
88 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 55,00055.0k $56.5k $56.5k 0.00% Unchanged
89 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 41,00041.0k $42.1k $42.1k 0.00% Added +22.0k +22,000
90 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 36,00036.0k $37.0k $37.0k 0.00% Reduced -35.0k -35,000
91 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 35,76235.8k $1.2m $1.2m 0.00% Reduced -3.1m -3,053,764
92 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 32,00032.0k $32.9k $32.9k 0.01% Unchanged
93 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 30,00030.0k $30.8k $30.8k 0.00% New
94 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 29,00029.0k $29.8k $29.8k 0.00% Added +9.0k +9,000
95 Northside Capital Management, LLC 0.01% of their portfolio Hood River, OR 28,00028.0k $28.8k $28.8k 0.01% New
96 MIZUHO SECURITIES USA LLC 0.00% of their portfolio NEW YORK, NY 26,00026.0k $26.7k $26.7k 0.00% Reduced -3.0m -2,980,000
97 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 20,00020.0k $20.5k $20.5k 0.00% New
98 PATRON PARTNERS, LLC 0.01% of their portfolio HOUSTON, TX 18,00018.0k $18.5k $18.5k 0.01% Unchanged
99 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 16,00016.0k $16.4k $16.4k 0.00% Unchanged
100 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 16,00016.0k $16.4k $16.4k 0.00% Unchanged