Vault-13

STARWOOD PPTY TR INC STWD 4.375 04.01.23

NOTE 4.375% 4/0 · US DOMESTIC · CUSIP 85571BAH8

8 institutional holders -45 vs Q4 2022
5,687,0005.7m shares reported held*
$15.6mreported value*
2 new 0 added 1 reduced 46 sold out net sold ≈ $230.2m (-7.6m 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 ≈ $2.74.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 48Q4 22: 53Q1 23: 88Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202248
Q4 202253
Q1 20238

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 22: 21 bought or addedQ4 22: 13 cut or sold outQ4 22Q1 23: 2 bought or addedQ1 23: 47 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222113
Q1 2023247

Biggest buyers

CLOUGH CAPITAL PARTNERS L P New +5,645,000+5.6m
CAPTRUST FINANCIAL ADVISORS New +22,000+22.0k

Biggest sellers

Graham Capital Management, L.P. Sold out -44,181,000-44.2m
ADVENT CAPITAL MANAGEMENT /DE/ Sold out -25,000,000-25.0m
OSTERWEIS CAPITAL MANAGEMENT INC Sold out -22,000,000-22.0m
LORD, ABBETT & CO. LLC Sold out -21,664,000-21.7m
GOLDMAN SACHS GROUP INC Sold out -17,385,000-17.4m
OAKTREE CAPITAL MANAGEMENT LP Reduced -13,848,000-13.8m
JPMORGAN CHASE & CO Sold out -11,910,000-11.9m
Ensign Peak Advisors, Inc Sold out -10,000,000-10.0m
Thrivent Financial for Lutherans Sold out -7,457,000-7.5m
VICTORY CAPITAL MANAGEMENT INC Sold out -7,074,000-7.1m

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 OAKTREE CAPITAL MANAGEMENT LP 0.07% of their portfolio LOS ANGELES, CA 6,215,0006.2m $6.2m $6.2m 0.07% Reduced -13.8m -13,848,000
2 CLOUGH CAPITAL PARTNERS L P 0.61% of their portfolio Boston, MA 5,645,0005.6m $5.6m $5.6m 0.61% New
3 Amundi 0.00% of their portfolio Paris, I0 3,350,0003.4m $3.3m $3.3m 0.00% Unchanged
4 Cutler Capital Management, LLC 0.14% of their portfolio WORCESTER, MA 320,000320.0k $320.0k $320.0k 0.14% Unchanged
5 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 22,00022.0k $22.3k $22.3k 0.00% New
6 PATRON PARTNERS, LLC 0.01% of their portfolio HOUSTON, TX 14,00014.0k $14.2k $14.2k 0.01% Unchanged
7 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 6,0006.0k $6.0k $6.0k 0.00% Unchanged
8 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged