Vault-13

TYLER TEX INDPT SCH DIST TYL 0.25 03.15.26

NOTE 0.250% 3/1 · US DOMESTIC · CUSIP 902252AB1

75 institutional holders +5 vs Q1 2025
15,085,35115.1m shares reported held*
$717.0mreported value*
12 new 21 added 19 reduced 8 sold out net sold ≈ $49.1m (+5.1m 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 ≈ $47.53.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 49Q4 22: 50Q1 23: 54Q2 23: 56Q3 23: 55Q4 23: 58Q1 24: 59Q2 24: 65Q3 24: 61Q4 24: 70Q1 25: 70Q2 25: 7575Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202249
Q4 202250
Q1 202354
Q2 202356
Q3 202355
Q4 202358
Q1 202459
Q2 202465
Q3 202461
Q4 202470
Q1 202570
Q2 202575

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 19 bought or addedQ3 23: 27 cut or sold outQ4 23: 22 bought or addedQ4 23: 18 cut or sold outQ4 23Q1 24: 17 bought or addedQ1 24: 26 cut or sold outQ2 24: 21 bought or addedQ2 24: 30 cut or sold outQ2 24Q3 24: 23 bought or addedQ3 24: 31 cut or sold outQ4 24: 28 bought or addedQ4 24: 26 cut or sold outQ4 24Q1 25: 26 bought or addedQ1 25: 35 cut or sold outQ2 25: 33 bought or addedQ2 25: 27 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231927
Q4 20232218
Q1 20241726
Q2 20242130
Q3 20242331
Q4 20242826
Q1 20252635
Q2 20253327

Biggest buyers

LAZARD ASSET MANAGEMENT LLC Added +31,352,000+31.4m
ADVENT CAPITAL MANAGEMENT /DE/ Added +17,211,000+17.2m
ZAZOVE ASSOCIATES LLC Added +12,775,000+12.8m
BNP PARIBAS FINANCIAL MARKETS Added +11,114,000+11.1m
SONA ASSET MANAGEMENT (US) LLC New +9,000,000+9.0m
Ghisallo Capital Management LLC New +5,000,000+5.0m
WELLINGTON MANAGEMENT GROUP LLP Added +3,457,000+3.5m
Invesco Ltd. Added +2,525,000+2.5m
JPMORGAN CHASE & CO Added +2,468,000+2.5m
ROYAL BANK OF CANADA Added +2,051,000+2.1m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -48,855,000-48.9m
Opti Capital Management, LP Sold out -29,285,000-29.3m
DLD Asset Management, LP Reduced -12,750,000-12.8m
FMR LLC Reduced -11,617,000-11.6m
MILLENNIUM MANAGEMENT LLC Reduced -9,500,000-9.5m
Brevan Howard Capital Management LP Sold out -6,000,000-6.0m
AMERIPRISE FINANCIAL INC Reduced -5,002,000-5.0m
SSI INVESTMENT MANAGEMENT LLC Reduced -4,675,000-4.7m
LORD, ABBETT & CO. LLC Reduced -4,524,000-4.5m
BANK OF AMERICA CORP /DE/ Reduced -4,038,000-4.0m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LAZARD ASSET MANAGEMENT LLC 0.12% of their portfolio NEW YORK, NY 70,529,00070.5m $87.0m $87.0m 0.12% Added +31.4m +31,352,000
2 ZAZOVE ASSOCIATES LLC 4.57% of their portfolio INCLINE VILLAGE, NV 45,420,00045.4m $56.0m $56.0m 4.57% Added +12.8m +12,775,000
3 MacKay Shields LLC 1.23% of their portfolio New York, NY 31,006,00031.0m $38.3m $38.3m 1.23% Unchanged
4 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 29,742,00029.7m $36.7m $36.7m 0.03% Reduced -9.5m -9,500,000
5 ADVENT CAPITAL MANAGEMENT /DE/ 0.77% of their portfolio NEW YORK, NY 28,311,00028.3m $34.9m $34.9m 0.77% Added +17.2m +17,211,000
6 Calamos Advisors LLC 0.13% of their portfolio NAPERVILLE, IL 25,221,00025.2m $31.1m $31.1m 0.13% Reduced -136.0k -136,000
7 SILVERBACK ASSET MANAGEMENT LLC 4.73% of their portfolio DURHAM, NC 24,994,00025.0m $30.8m $30.8m 4.73% Added +1.0m +1,000,000
8 WHITEBOX ADVISORS LLC 0.78% of their portfolio MINNEAPOLIS, MN 23,359,00023.4m $28.7m $28.7m 0.78% Reduced -500.0k -500,000
9 Universal- Beteiligungs- und Servicegesellschaft mbH 0.04% of their portfolio FRANKFURT AM MAIN, 2M 18,542,00018.5m $22.9m $22.9m 0.04% Added +2.0m +2,040,000
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 16,579,00016.6m $20.4m $20.4m 0.00% Added +2.5m +2,468,000
11 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 13,685,00013.7m $16.9m $16.9m 0.02% Reduced -48.9m -48,855,000
12 PIER 88 INVESTMENT PARTNERS LLC 2.73% of their portfolio SAN FRANCISCO, CA 11,954,00012.0m $14.7m $14.7m 2.73% Unchanged
13 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 11,617,00011.6m $14.3m $14.3m 0.01% Added +11.1m +11,114,000
14 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 11,333,00011.3m $13.9m $13.9m 0.00% Reduced -4.0m -4,038,000
15 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 10,805,00010.8m $13.3m $13.3m 0.00% Unchanged
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,782,00010.8m $13.3m $13.3m 0.00% Reduced -850.0k -850,000
17 DLD Asset Management, LP 1.43% of their portfolio NEW YORK, NY 9,750,0009.8m $12.1m $12.1m 1.43% Reduced -12.8m -12,750,000
18 SHENKMAN CAPITAL MANAGEMENT INC 1.12% of their portfolio NEW YORK, NY 9,098,0009.1m $11.3m $11.3m 1.12% Reduced -817.0k -817,000
19 SONA ASSET MANAGEMENT (US) LLC 0.38% of their portfolio NEW YORK, NY 9,000,0009.0m $11.1m $11.1m 0.38% New
20 CAPSTONE INVESTMENT ADVISORS, LLC 0.09% of their portfolio NEW YORK, NY 8,651,0008.7m $10.7m $10.7m 0.09% Unchanged
21 Warberg Asset Management LLC 2.58% of their portfolio WINNETKA, IL 8,533,0008.5m $10.5m $10.5m 2.58% Added +2.0m +1,977,000
22 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 8,200,0008.2m $10.1m $10.1m 0.01% Added +300.0k +300,000
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,860,0007.9m $9.7m $9.7m 0.00% Unchanged
24 FMR LLC 0.00% of their portfolio BOSTON, MA 7,079,0007.1m $8.7m $8.7m 0.00% Reduced -11.6m -11,617,000
25 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 5,957,0006.0m $7.3m $7.3m 0.00% Added +3.5m +3,457,000
26 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,790,0005.8m $7.1m $7.1m 0.00% Reduced -375.0k -375,000
27 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 5,754,0005.8m $7.1m $7.1m 0.00% Reduced -250.0k -250,000
28 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 5,679,0005.7m $7.0m $7.0m 0.00% Reduced -1.1m -1,080,000
29 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 5,525,0005.5m $6.8m $6.8m 0.00% Added +2.5m +2,525,000
30 Ghisallo Capital Management LLC 0.16% of their portfolio BOSTON, MA 5,000,0005.0m $6.1m $6.1m 0.16% New
31 LORD, ABBETT & CO. LLC 0.02% of their portfolio JERSEY CITY, NJ 4,820,0004.8m $5.9m $5.9m 0.02% Reduced -4.5m -4,524,000
32 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,600,0004.6m $5.6m $5.6m 0.01% Added +1 +1
33 RATIONAL ADVISORS, INC. 0.40% of their portfolio San Juan, PR 3,320,0003.3m $4.1m $4.1m 0.40% Unchanged
34 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,052,0003.1m $3.8m $3.8m 0.00% Added +2.1m +2,051,000
35 Union Bancaire Privee, UBP SA 0.04% of their portfolio GENEVA 1, V8 2,740,0002.7m $2.8m $2.8m 0.04% Added +535.0k +535,000
36 PALISADE CAPITAL MANAGEMENT, LP 0.09% of their portfolio FORT LEE, NJ 2,466,0002.5m $3.0m $3.0m 0.09% Unchanged
37 SSI INVESTMENT MANAGEMENT LLC 0.20% of their portfolio Los Angeles, CA 2,329,0002.3m $2.9m $2.9m 0.20% Reduced -4.7m -4,675,000
38 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,500,0001.5m $1.8m $1.8m 0.00% Unchanged
39 Ameritas Investment Partners, Inc. 0.06% of their portfolio LINCOLN, NE 1,500,0001.5m $1.8m $1.8m 0.06% Unchanged
40 Quaero Capital S.A. 2.31% of their portfolio GENEVE, V8 1,500,0001.5m $1.8m $1.8m 2.31% Unchanged
41 Man Group plc 0.00% of their portfolio LONDON, X0 1,410,0001.4m $1.7m $1.7m 0.00% Unchanged
42 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,225,0001.2m $1.5m $1.5m 0.01% Reduced -500.0k -500,000
43 OAKTREE CAPITAL MANAGEMENT LP 0.02% of their portfolio LOS ANGELES, CA 1,000,0001.0m $1.2m $1.2m 0.02% New
44 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 911,000911.0k $1.1m $1.1m 0.00% Reduced -184.0k -184,000
45 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 821,000821.0k $1.0m $1.0m 0.00% New
46 Erste Asset Management GmbH 0.01% of their portfolio VIENNA, C4 600,000600.0k $728.5k $728.5k 0.01% Added +600.0k +600,000
47 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 516,000516.0k $636.7k $636.7k 0.00% New
48 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 500,000500.0k $605.0k $605.0k 0.00% Unchanged
49 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 324,000324.0k $399.7k $399.7k 0.00% Added +25.0k +25,000
50 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $369.6k $369.6k 0.00% Unchanged
51 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 257,000257.0k $315.9k $315.9k 0.00% Unchanged
52 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 250,000250.0k $307.2k $307.2k 0.00% Added +100.0k +100,000
53 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 225,000225.0k $276.7k $276.7k 0.00% New
54 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 217,000217.0k $267.6k $267.6k 0.01% Reduced -52.0k -52,000
55 ABN AMRO INVESTMENT SOLUTIONS 0.00% of their portfolio PARIS CEDEX 008, I0 200,000200.0k $246.8k $246.8k 0.00% Unchanged
56 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 82,00082.0k $100.9k $100.9k 0.00% Reduced -2.0m -2,016,000
57 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 70,00070.0k $86.0k $86.0k 0.00% Unchanged
58 NOMURA HOLDINGS INC 0.20% of their portfolio TOKYO, M0 41,95642.0k $24.9m $24.9m 0.20% Added +35.7k +35,734
59 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 36,00036.0k $44.4k $44.4k 0.00% Added +33.0k +33,000
60 Boussard & Gavaudan Investment Management LLP 4.70% of their portfolio London, X0 30,00030.0k $36.6m $36.6m 4.70% Added +23.3k +23,275
61 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 17,00017.0k $20.9k $20.9k 0.00% Unchanged
62 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 16,00016.0k $19.7k $19.7k 0.00% Unchanged
63 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 14,14514.1k $8.4m $8.4m 0.01% Added +7.0k +6,965
64 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 14,00014.0k $17.2k $17.2k 0.00% New
65 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 12,00012.0k $14.7k $14.7k 0.00% Reduced -5.0m -5,002,000
66 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 11,00011.0k $13.4k $13.4k 0.00% New
67 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 8,0008.0k $9.8k $9.8k 0.00% Unchanged
68 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 6,0706.1k $740.0k $740.0k 0.00% Unchanged
69 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 1,1001.1k $1.4m $1.4m 0.01% Unchanged
70 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 1,0001.0k $1.2k $1.2k 0.00% New
71 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0001.0k $1.2k $1.2k 0.00% New
72 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 1,0001.0k $1.2k $1.2k 0.00% New
73 Alken Asset Management Ltd 2.04% of their portfolio LONDON, X0 950950 $1.2m $1.2m 2.04% New
74 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 250250 $308.2k $308.2k 0.01% Not comparable
75 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged