Vault-13

STARWOOD PPTY TR INC STWD 6.75 07.15.27

NOTE 6.750% 7/1 · US DOMESTIC · CUSIP 85571BBA2

38 institutional holders +3 vs Q1 2024
42,669,95142.7m shares reported held*
$372.9mreported value*
7 new 7 added 8 reduced 4 sold out net bought ≈ $10.7m (+3.0m 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 ≈ $8.74.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q2 23: 45Q3 23: 40Q4 23: 39Q1 24: 35Q2 24: 3838Q2 23Q3 23Q4 23Q1 24Q2 24
Numbers
QuarterHolders
Q2 202345
Q3 202340
Q4 202339
Q1 202435
Q2 202438

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 24 bought or addedQ3 23: 21 cut or sold outQ3 23Q4 23: 17 bought or addedQ4 23: 15 cut or sold outQ4 23Q1 24: 14 bought or addedQ1 24: 17 cut or sold outQ1 24Q2 24: 14 bought or addedQ2 24: 12 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q3 20232421
Q4 20231715
Q1 20241417
Q2 20241412

Biggest buyers

BLUEFIN CAPITAL MANAGEMENT, LLC New +10,500,000+10.5m
Graham Capital Management, L.P. New +10,000,000+10.0m
WOLVERINE ASSET MANAGEMENT LLC New +7,500,000+7.5m
DLD Asset Management, LP Added +6,500,000+6.5m
ANGELO GORDON & CO., L.P. Added +5,000,000+5.0m
KIM, LLC New +2,000,000+2.0m
Invesco Ltd. Added +2,000,000+2.0m
BOOTHBAY FUND MANAGEMENT, LLC Added +1,149,000+1.1m
Skaana Management L.P. Added +1,107,000+1.1m
FRANKLIN RESOURCES INC New +1,093,000+1.1m

Biggest sellers

Weiss Asset Management LP Reduced -17,000,000-17.0m
Linden Advisors LP Reduced -7,000,000-7.0m
DeepCurrents Investment Group LLC Sold out -7,000,000-7.0m
BlueCrest Capital Management Ltd Reduced -3,179,000-3.2m
Verition Fund Management LLC Sold out -2,237,000-2.2m
MIZUHO SECURITIES USA LLC Sold out -1,821,000-1.8m
CSS LLC/IL Reduced -1,000,000-1.0m
STATE STREET CORP Reduced -700,000-700.0k
Thrivent Financial for Lutherans Reduced -120,000-120.0k
BLUEFIN CAPITAL MANAGEMENT, LLC Sold out -105,000-105.0k

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TWO SIGMA INVESTMENTS, LP 0.11% of their portfolio NEW YORK, NY 46,353,00046.4m $47.3m $47.3m 0.11% Unchanged
2 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 40,000,00040.0m $41.2m $41.2m 0.04% Unchanged
3 ANGELO GORDON & CO., L.P. 13.52% of their portfolio NEW YORK, NY 32,250,00032.2m $33.2m $33.2m 13.52% Added +5.0m +5,000,000
4 LMR Partners LLP 0.61% of their portfolio LONDON, X0 27,500,00027.5m $28.4m $28.4m 0.61% Added +500.0k +500,000
5 DLD Asset Management, LP 6.43% of their portfolio NEW YORK, NY 26,500,00026.5m $27.5m $27.5m 6.43% Added +6.5m +6,500,000
6 Linden Advisors LP 0.19% of their portfolio New York, NY 22,125,00022.1m $22.8m $22.8m 0.19% Reduced -7.0m -7,000,000
7 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 18,200,00018.2m $18.6m $18.6m 0.01% Unchanged
8 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 16,000,00016.0m $16.6m $16.6m 0.01% Unchanged
9 BLUEFIN CAPITAL MANAGEMENT, LLC 2.88% of their portfolio NEW YORK, NY 10,500,00010.5m $10.7m $10.7m 2.88% New
10 Graham Capital Management, L.P. 0.36% of their portfolio ROWAYTON, CT 10,000,00010.0m $10.3m $10.3m 0.36% New
11 Walleye Capital LLC 0.11% of their portfolio NEW YORK, NY 10,000,00010.0m $10.2m $10.2m 0.11% Unchanged
12 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 9,975,00010.0m $10.2m $10.2m 0.02% Reduced -120.0k -120,000
13 CSS LLC/IL 0.71% of their portfolio CHICAGO, IL 9,405,0009.4m $9.7m $9.7m 0.71% Reduced -1.0m -1,000,000
14 BlueCrest Capital Management Ltd 1.51% of their portfolio ST HELIER, Y9 8,321,0008.3m $8.6m $8.6m 1.51% Reduced -3.2m -3,179,000
15 Skaana Management L.P. 3.14% of their portfolio BROOKLYN, NY 8,107,0008.1m $8.3m $8.3m 3.14% Added +1.1m +1,107,000
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,600,0007.6m $8.1m $8.1m 0.00% Reduced -700.0k -700,000
17 WOLVERINE ASSET MANAGEMENT LLC 0.15% of their portfolio CHICAGO, IL 7,500,0007.5m $7.7m $7.7m 0.15% New
18 Weiss Asset Management LP 0.31% of their portfolio BOSTON, MA 6,225,0006.2m $6.4m $6.4m 0.31% Reduced -17.0m -17,000,000
19 BOOTHBAY FUND MANAGEMENT, LLC 0.18% of their portfolio NEW YORK, NY 5,539,0005.5m $5.7m $5.7m 0.18% Added +1.1m +1,149,000
20 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 5,000,0005.0m $5.2m $5.2m 0.03% Unchanged
21 Saba Capital Management, L.P. 0.11% of their portfolio NEW YORK, NY 5,000,0005.0m $5.2m $5.2m 0.11% Unchanged
22 CONNING INC. 0.13% of their portfolio HARTFORD, CT 3,600,0003.6m $3.7m $3.7m 0.13% Unchanged
23 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,650,0002.6m $2.7m $2.7m 0.00% Added +2.0m +2,000,000
24 KIM, LLC 0.22% of their portfolio WICHITA, KS 2,000,0002.0m $2.0m $2.0m 0.22% New
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,988,0002.0m $2.1m $2.1m 0.00% Added +1.0m +1,040,000
26 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 1,093,0001.1m $1.1m $1.1m 0.00% New
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,028,0001.0m $1.0m $1.0m 0.00% New
28 Cutler Capital Management, LLC 0.39% of their portfolio WORCESTER, MA 985,000985.0k $1.0m $1.0m 0.39% Unchanged
29 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 350,000350.0k $362.1k $362.1k 0.00% Unchanged
30 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 287,000287.0k $292.7k $292.7k 0.00% Unchanged
31 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 88,00088.0k $91.0k $91.0k 0.00% Unchanged
32 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 80,00080.0k $81.6k $81.6k 0.00% New
33 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 50,00050.0k $51.0k $51.0k 0.00% Unchanged
34 Context Capital Management, LLC 0.52% of their portfolio LAJOLLA, CA 14,04214.0k $14.4m $14.4m 0.52% Unchanged
35 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 13,00013.0k $13.0k $13.0k 0.00% Unchanged
36 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 13,00013.0k $13.4k $13.4k 0.00% Reduced -5.0k -5,000
37 LAFFER TENGLER INVESTMENTS, INC. 0.46% of their portfolio Scottsdale, AZ 1,9512.0k $2.1m $2.1m 0.46% Reduced -141 -141
38 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged