Vault-13

SOUTHWEST AIRLS CO LUV 1.25 05.01.25

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

106 institutional holders -14 vs Q4 2024
23,229,25323.2m shares reported held*
$1.7bnreported value*
18 new 26 added 33 reduced 30 sold out net bought ≈ $151.7m (-28.3m 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. Holder counts are more reliable. Implied quarter-end price ≈ $73.68.

Trends to Q1 2025

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: 120Q1 25: 106106Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202292
Q4 202292
Q1 202393
Q2 202395
Q3 202396
Q4 202398
Q1 202497
Q2 2024111
Q3 2024111
Q4 2024120
Q1 2025106

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 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 24Q4 24: 46 bought or addedQ4 24: 48 cut or sold outQ1 25: 44 bought or addedQ1 25: 63 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20233435
Q3 20232145
Q4 20233536
Q1 20244338
Q2 20244148
Q3 20243951
Q4 20244648
Q1 20254463

Biggest buyers

VOYA INVESTMENT MANAGEMENT LLC Added +235,130,000+235.1m
Shaolin Capital Management LLC New +124,702,000+124.7m
MOORE CAPITAL MANAGEMENT, LP New +40,300,000+40.3m
SUSQUEHANNA ADVISORS GROUP, INC. Added +31,487,000+31.5m
Walleye Capital LLC Added +27,707,000+27.7m
CSS LLC/IL New +24,500,000+24.5m
BANK OF AMERICA CORP /DE/ Added +22,615,000+22.6m
SILVERBACK ASSET MANAGEMENT LLC Added +21,563,000+21.6m
Aequim Alternative Investments LP New +20,000,000+20.0m
AQR Arbitrage LLC Added +20,000,000+20.0m

Biggest sellers

STEELHEAD PARTNERS LLC Sold out -80,000,000-80.0m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -57,260,000-57.3m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -48,912,000-48.9m
SHENKMAN CAPITAL MANAGEMENT INC Sold out -42,937,000-42.9m
AMERICAN CENTURY COMPANIES INC Reduced -32,649,000-32.6m
MacKay Shields LLC Reduced -28,873,000-28.9m
STATE STREET CORP Reduced -27,725,000-27.7m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -25,000,000-25.0m
JPMORGAN CHASE & CO Reduced -17,644,000-17.6m
BlackRock, Inc. Sold out -16,760,000-16.8m

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.24% of their portfolio ATLANTA, GA 426,170,000426.2m $426.2m $426.2m 0.24% Added +235.1m +235,130,000
2 Shaolin Capital Management LLC 5.04% of their portfolio Miami, FL 124,702,000124.7m $124.6m $124.6m 5.04% New
3 AQR Arbitrage LLC 2.10% of their portfolio Greenwich, CT 86,660,00086.7m $86.7m $86.7m 2.10% Added +20.0m +20,000,000
4 Walleye Capital LLC 0.92% of their portfolio NEW YORK, NY 83,112,00083.1m $83.1m $83.1m 0.92% Added +27.7m +27,707,000
5 VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio San Antonio, TX 66,696,00066.7m $66.5m $66.5m 0.07% Reduced -8.5m -8,545,000
6 SONA ASSET MANAGEMENT (US) LLC 1.96% of their portfolio NEW YORK, NY 51,534,00051.5m $51.5m $51.5m 1.96% Reduced -8.0m -8,000,000
7 SUSQUEHANNA ADVISORS GROUP, INC. 0.03% of their portfolio BALA CYNWYD, PA 50,867,00050.9m $507.7k $507.7k 0.03% Added +31.5m +31,487,000
8 HIGHBRIDGE CAPITAL MANAGEMENT LLC 2.15% of their portfolio NEW YORK, NY 48,831,00048.8m $48.8m $48.8m 2.15% Reduced -25.0m -25,000,000
9 MOORE CAPITAL MANAGEMENT, LP 1.35% of their portfolio NEW YORK, NY 40,300,00040.3m $40.3m $40.3m 1.35% New
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 34,105,00034.1m $34.0m $34.0m 0.00% Added +22.6m +22,615,000
11 MacKay Shields LLC 1.09% of their portfolio New York, NY 33,931,00033.9m $33.9m $33.9m 1.09% Reduced -28.9m -28,873,000
12 Universal- Beteiligungs- und Servicegesellschaft mbH 0.06% of their portfolio FRANKFURT AM MAIN, 2M 31,215,00031.2m $31.3m $31.3m 0.06% Reduced -200.0k -200,000
13 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio FRANKFURT AM MAIN, 2M 29,700,00029.7m $29.7m $29.7m 0.03% Reduced -2.0m -2,000,000
14 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 25,740,00025.7m $25.7m $25.7m 0.02% Reduced -32.6m -32,649,000
15 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 25,710,00025.7m $25.7m $25.7m 0.01% Added +17.2m +17,203,000
16 SILVERBACK ASSET MANAGEMENT LLC 4.13% of their portfolio DURHAM, NC 25,498,00025.5m $25.5m $25.5m 4.13% Added +21.6m +21,563,000
17 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 25,000,00025.0m $25.0m $25.0m 0.02% Reduced -57.3m -57,260,000
18 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 25,000,00025.0m $24.9m $24.9m 0.05% Reduced -2.4m -2,378,000
19 TENOR CAPITAL MANAGEMENT Co., L.P. 0.36% of their portfolio NEW YORK, NY 25,000,00025.0m $25.1m $25.1m 0.36% Unchanged
20 CSS LLC/IL 1.70% of their portfolio CHICAGO, IL 24,500,00024.5m $24.4m $24.4m 1.70% New
21 M&G PLC 0.12% of their portfolio London, X0 24,042,00024.0m $24.0m $24.0m 0.12% Unchanged
22 LORD, ABBETT & CO. LLC 0.08% of their portfolio JERSEY CITY, NJ 23,212,00023.2m $23.2m $23.2m 0.08% Reduced -13.8m -13,799,000
23 Lombard Odier Asset Management (Europe) Ltd 1.70% of their portfolio LONDON, X0 21,131,00021.1m $21.1m $21.1m 1.70% Reduced -8.5m -8,502,000
24 ADVENT CAPITAL MANAGEMENT /DE/ 0.47% of their portfolio NEW YORK, NY 20,378,00020.4m $20.4m $20.4m 0.47% Reduced -48.9m -48,912,000
25 Aequim Alternative Investments LP 0.80% of their portfolio MILL VALLEY, CA 20,000,00020.0m $20.0m $20.0m 0.80% New
26 Sculptor Capital LP 0.43% of their portfolio New York, NY 19,425,00019.4m $19.4m $19.4m 0.43% Added +11.9m +11,925,000
27 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 18,500,00018.5m $18.5m $18.5m 0.03% Reduced -1.0k -1,000
28 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 17,314,00017.3m $17.3m $17.3m 0.01% Added +13.4m +13,418,000
29 FMR LLC 0.00% of their portfolio BOSTON, MA 16,579,00016.6m $16.5m $16.5m 0.00% Unchanged
30 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 16,561,00016.6m $16.5m $16.5m 0.01% Added +6.6m +6,561,000
31 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 16,168,00016.2m $16.1m $16.1m 0.00% Added +3.8m +3,764,000
32 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 16,000,00016.0m $16.0m $16.0m 0.02% Added +3.5m +3,500,000
33 PIER 88 INVESTMENT PARTNERS LLC 2.91% of their portfolio SAN FRANCISCO, CA 15,180,00015.2m $15.1m $15.1m 2.91% Reduced -3.9m -3,910,000
34 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 15,075,00015.1m $15.1m $15.1m 0.00% Reduced -739.0k -739,000
35 KIM, LLC 2.33% of their portfolio WICHITA, KS 14,750,00014.8m $14.8m $14.8m 2.33% Added +9.2m +9,250,000
36 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 14,500,00014.5m $14.5m $14.5m 0.02% Added +8.0m +8,010,000
37 Wellesley Asset Management 1.36% of their portfolio PORTSMOUTH, NH 13,714,00013.7m $13.7m $13.7m 1.36% Reduced -3.4m -3,423,000
38 RWC Asset Management LLP 0.70% of their portfolio LONDON, X0 13,500,00013.5m $13.5m $13.5m 0.70% Unchanged
39 SSI INVESTMENT MANAGEMENT LLC 1.00% of their portfolio Los Angeles, CA 12,836,00012.8m $12.8m $12.8m 1.00% Reduced -1.9m -1,922,000
40 INCOME RESEARCH & MANAGEMENT 5.07% of their portfolio Boston, MA 11,947,00011.9m $11.9m $11.9m 5.07% Unchanged
41 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 10,686,00010.7m $10.7m $10.7m 0.00% Added +1.6m +1,572,000
42 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,750,0008.8m $8.8m $8.8m 0.00% Reduced -27.7m -27,725,000
43 Man Group plc 0.03% of their portfolio LONDON, X0 8,550,0008.6m $8.5m $8.5m 0.03% Added +600.0k +600,000
44 Skaana Management L.P. 3.84% of their portfolio BROOKLYN, NY 8,362,0008.4m $8.3m $8.3m 3.84% New
45 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,242,0008.2m $8.2m $8.2m 0.00% Reduced -17.6m -17,644,000
46 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 8,112,0008.1m $8.1m $8.1m 0.00% Added +6.6m +6,557,000
47 Amundi 0.00% of their portfolio Paris, I0 8,000,0008.0m $8.0m $8.0m 0.00% Unchanged
48 Jain Global LLC 0.14% of their portfolio NEW YORK, NY 7,000,0007.0m $7.0m $7.0m 0.14% New
49 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 6,899,9996.9m $6.9m $6.9m 0.02% Added +2.0m +1,999,999
50 CONNING INC. 0.18% of their portfolio HARTFORD, CT 5,200,0005.2m $5.2m $5.2m 0.18% Unchanged
51 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 4,210,0004.2m $4.2m $4.2m 0.01% Added +1.5m +1,510,000
52 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 3,784,0003.8m $3.9m $3.9m 0.00% First filing
53 Warberg Asset Management LLC 0.90% of their portfolio WINNETKA, IL 3,273,0003.3m $3.3m $3.3m 0.90% Added +1.7m +1,694,000
54 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 3,000,0003.0m $3.0m $3.0m 0.00% Reduced -1.5m -1,500,000
55 Polar Capital Holdings Plc 0.02% of their portfolio London, X0 3,000,0003.0m $3.0m $3.0m 0.02% New
56 MIZUHO SECURITIES USA LLC 0.03% of their portfolio NEW YORK, NY 1,500,0001.5m $1.5m $1.5m 0.03% Added +1.5m +1,474,000
57 Calamos Advisors LLC 0.01% of their portfolio NAPERVILLE, IL 1,375,0001.4m $1.4m $1.4m 0.01% Reduced -398.0k -398,000
58 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 1,133,8651.1m $1.1m $1.1m 0.00% New
59 AEGON USA Investment Management, LLC 0.89% of their portfolio CEDAR RAPIDS, IA 1,128,0001.1m $1.1m $1.1m 0.89% Reduced -300.0k -300,000
60 PALISADE CAPITAL MANAGEMENT, LP 0.03% of their portfolio FORT LEE, NJ 922,000922.0k $921.3k $921.3k 0.03% Unchanged
61 AXA S.A. 0.00% of their portfolio PARIS, I0 800,000800.0k $798.6k $798.6k 0.00% Reduced -200.0k -200,000
62 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 707,000707.0k $705.8k $705.8k 0.00% Reduced -314.0k -314,000
63 RBF Capital, LLC 0.03% of their portfolio RENO, NV 500,000500.0k $498.8k $498.8k 0.03% Unchanged
64 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $500.0k $500.0k 0.00% Reduced -500.0k -500,000
65 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 411,000411.0k $411.0k $411.0k 0.00% New
66 LAZARI CAPITAL MANAGEMENT, INC. 0.15% of their portfolio WOODLAND HILLS, CA 375,000375.0k $376.0k $376.0k 0.15% New
67 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $301.0k $301.0k 0.00% Unchanged
68 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 300,000300.0k $299.3k $299.3k 0.00% New
69 NOMURA HOLDINGS INC 0.05% of their portfolio TOKYO, M0 285,398285.4k $9.6m $9.6m 0.05% Added +137.8k +137,825
70 Central Pacific Bank - Trust Division 0.03% of their portfolio HONOLULU, HI 200,000200.0k $199.5k $199.5k 0.03% Unchanged
71 Fox Hill Wealth Management 0.11% of their portfolio DEDHAM, MA 188,000188.0k $187.4k $187.4k 0.11% Unchanged
72 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 128,000128.0k $127.7k $127.7k 0.00% Added +12.0k +12,000
73 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 82,00082.0k $81.8k $81.8k 0.00% Added +24.0k +24,000
74 SG Americas Securities, LLC 0.03% of their portfolio NEW YORK, NY 73,84073.8k $7.4m $7.4m 0.03% Reduced -26.6k -26,550
75 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 65,00065.0k $64.8k $64.8k 0.00% Reduced -380.0k -380,000
76 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 55,00055.0k $54.9k $54.9k 0.00% New
77 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 55,00055.0k $54.9k $54.9k 0.00% Unchanged
78 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 41,00041.0k $40.9k $40.9k 0.00% Unchanged
79 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 36,00036.0k $35.9k $35.9k 0.00% Unchanged
80 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 35,00035.0k $34.9k $34.9k 0.00% Added +6.0k +6,000
81 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 30,00030.0k $29.9k $29.9k 0.01% Reduced -2.0k -2,000
82 Northside Capital Management, LLC 0.00% of their portfolio Hood River, OR 28,00028.0k $27.9k $27.9k 0.00% Unchanged
83 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 22,00022.0k $21.9k $21.9k 0.00% Reduced -41.0k -41,000
84 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 16,00016.0k $16.0k $16.0k 0.00% Reduced -149.0k -149,000
85 B. Riley Wealth Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 16,00016.0k $16.0k $16.0k 0.00% New
86 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 16,00016.0k $16.0k $16.0k 0.00% Unchanged
87 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 13,00013.0k $13.0k $13.0k 0.00% New
88 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 13,00013.0k $13.0k $13.0k 0.00% New
89 Roundview Capital LLC 0.00% of their portfolio PRINCETON, NJ 12,50012.5k $12.5k $12.5k 0.00% Unchanged
90 TIAA TRUST, NATIONAL ASSOCIATION 0.00% of their portfolio CHARLOTTE, NC 12,00012.0k $12.0k $12.0k 0.00% Unchanged
91 PATRON PARTNERS, LLC 0.01% of their portfolio HOUSTON, TX 11,00011.0k $11.0k $11.0k 0.01% Reduced -7.0k -7,000
92 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 11,00011.0k $11.0k $11.0k 0.00% New
93 LIBERTY SQUARE WEALTH PARTNERS LLC 0.00% of their portfolio BETHLEHEM, PA 11,00011.0k $11.0k $11.0k 0.00% Unchanged
94 Florida Trust Wealth Management Co 0.00% of their portfolio SANIBEL, FL 10,00010.0k $10.0k $10.0k 0.00% Unchanged
95 Candriam S.C.A. 0.06% of their portfolio STRASSEN, N4 9,3009.3k $9.8m $9.8m 0.06% Reduced -1.7k -1,700
96 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 9,0009.0k $9.0k $9.0k 0.00% Unchanged
97 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 3,0003.0k $299.2k $299.2k 0.00% Unchanged
98 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 3,0003.0k $2.0k $2.0k 0.00% Added +3.0k +2,986
99 Wilmington Savings Fund Society, FSB 0.00% of their portfolio WILMINGTON, DE 2,0002.0k $2.0k $2.0k 0.00% Unchanged
100 Alken Asset Management Ltd 3.23% of their portfolio LONDON, X0 2,0002.0k $2.0m $2.0m 3.23% Unchanged