Vault-13

TYLER TEX INDPT SCH DIST TYL 0.25 03.15.26

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

65 institutional holders -10 vs Q2 2025
12,711,48012.7m shares reported held*
$586.0mreported value*
6 new 24 added 19 reduced 14 sold out net sold ≈ $28.6m (-2.4m 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. Holder counts are more reliable. Implied quarter-end price ≈ $46.10.

Trends to Q3 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: 75Q3 25: 6565Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 202565

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 23: 22 bought or addedQ4 23: 18 cut or sold outQ1 24: 17 bought or addedQ1 24: 26 cut or sold outQ1 24Q2 24: 21 bought or addedQ2 24: 30 cut or sold outQ3 24: 23 bought or addedQ3 24: 31 cut or sold outQ3 24Q4 24: 28 bought or addedQ4 24: 26 cut or sold outQ1 25: 26 bought or addedQ1 25: 35 cut or sold outQ1 25Q2 25: 33 bought or addedQ2 25: 27 cut or sold outQ3 25: 30 bought or addedQ3 25: 33 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20232218
Q1 20241726
Q2 20242130
Q3 20242331
Q4 20242826
Q1 20252635
Q2 20253327
Q3 20253033

Biggest buyers

Jefferies Financial Group Inc. Added +27,816,000+27.8m
BANK OF AMERICA CORP /DE/ Added +22,665,000+22.7m
SUSQUEHANNA ADVISORS GROUP, INC. New +17,500,000+17.5m
Nuveen, LLC New +14,283,000+14.3m
SONA ASSET MANAGEMENT (US) LLC Added +13,000,000+13.0m
ADVENT CAPITAL MANAGEMENT /DE/ Added +8,442,000+8.4m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +4,500,000+4.5m
JPMORGAN CHASE & CO Added +4,193,000+4.2m
SILVERBACK ASSET MANAGEMENT LLC Added +4,153,000+4.2m
JANE STREET GROUP, LLC Added +3,098,000+3.1m

Biggest sellers

LAZARD ASSET MANAGEMENT LLC Reduced -69,453,000-69.5m
MILLENNIUM MANAGEMENT LLC Reduced -14,500,000-14.5m
VOYA INVESTMENT MANAGEMENT LLC Sold out -13,685,000-13.7m
DLD Asset Management, LP Sold out -9,750,000-9.8m
Calamos Advisors LLC Reduced -7,796,000-7.8m
LORD, ABBETT & CO. LLC Sold out -4,820,000-4.8m
FRANKLIN RESOURCES INC Reduced -4,040,000-4.0m
RATIONAL ADVISORS, INC. Sold out -3,320,000-3.3m
PIER 88 INVESTMENT PARTNERS LLC Reduced -3,320,000-3.3m
Universal- Beteiligungs- und Servicegesellschaft mbH Reduced -2,962,000-3.0m

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ZAZOVE ASSOCIATES LLC 4.67% of their portfolio INCLINE VILLAGE, NV 46,655,00046.7m $51.4m $51.4m 4.67% Added +1.2m +1,235,000
2 ADVENT CAPITAL MANAGEMENT /DE/ 0.91% of their portfolio NEW YORK, NY 36,753,00036.8m $40.4m $40.4m 0.91% Added +8.4m +8,442,000
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 33,998,00034.0m $37.3m $37.3m 0.00% Added +22.7m +22,665,000
4 MacKay Shields LLC 1.15% of their portfolio New York, NY 30,621,00030.6m $33.7m $33.7m 1.15% Reduced -385.0k -385,000
5 SILVERBACK ASSET MANAGEMENT LLC 4.15% of their portfolio DURHAM, NC 29,147,00029.1m $32.0m $32.0m 4.15% Added +4.2m +4,153,000
6 Jefferies Financial Group Inc. 0.28% of their portfolio NEW YORK, NY 27,898,00027.9m $30.6m $30.6m 0.28% Added +27.8m +27,816,000
7 WHITEBOX ADVISORS LLC 0.53% of their portfolio MINNEAPOLIS, MN 25,859,00025.9m $28.4m $28.4m 0.53% Added +2.5m +2,500,000
8 SONA ASSET MANAGEMENT (US) LLC 0.95% of their portfolio NEW YORK, NY 22,000,00022.0m $24.2m $24.2m 0.95% Added +13.0m +13,000,000
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 20,772,00020.8m $23.0m $23.0m 0.00% Added +4.2m +4,193,000
10 SUSQUEHANNA ADVISORS GROUP, INC. 0.01% of their portfolio BALA CYNWYD, PA 17,500,00017.5m $191.5k $191.5k 0.01% New
11 Calamos Advisors LLC 0.08% of their portfolio NAPERVILLE, IL 17,425,00017.4m $19.2m $19.2m 0.08% Reduced -7.8m -7,796,000
12 Universal- Beteiligungs- und Servicegesellschaft mbH 0.03% of their portfolio FRANKFURT AM MAIN, 2M 15,580,00015.6m $17.2m $17.2m 0.03% Reduced -3.0m -2,962,000
13 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 15,242,00015.2m $16.7m $16.7m 0.01% Reduced -14.5m -14,500,000
14 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 14,283,00014.3m $15.7m $15.7m 0.00% New
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,782,00012.8m $14.1m $14.1m 0.00% Added +2.0m +2,000,000
16 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 11,820,00011.8m $13.0m $13.0m 0.01% Added +203.0k +203,000
17 CAPSTONE INVESTMENT ADVISORS, LLC 0.11% of their portfolio NEW YORK, NY 11,151,00011.2m $12.3m $12.3m 0.11% Added +2.5m +2,500,000
18 SHENKMAN CAPITAL MANAGEMENT INC 1.07% of their portfolio NEW YORK, NY 9,716,0009.7m $10.9m $10.9m 1.07% Added +618.0k +618,000
19 PIER 88 INVESTMENT PARTNERS LLC 1.78% of their portfolio SAN FRANCISCO, CA 8,634,0008.6m $9.5m $9.5m 1.78% Reduced -3.3m -3,320,000
20 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 8,200,0008.2m $9.0m $9.0m 0.01% Unchanged
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 8,180,0008.2m $9.0m $9.0m 0.00% Added +320.0k +320,000
22 Ghisallo Capital Management LLC 0.27% of their portfolio BOSTON, MA 7,500,0007.5m $8.2m $8.2m 0.27% Added +2.5m +2,500,000
23 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 6,765,0006.8m $7.4m $7.4m 0.00% Reduced -4.0m -4,040,000
24 FMR LLC 0.00% of their portfolio BOSTON, MA 6,754,0006.8m $7.4m $7.4m 0.00% Reduced -325.0k -325,000
25 Warberg Asset Management LLC 1.86% of their portfolio WINNETKA, IL 6,044,0006.0m $6.6m $6.6m 1.86% Reduced -2.5m -2,489,000
26 BlackRock, Inc. 0.00% of their portfolio New York, NY 6,040,0006.0m $6.6m $6.6m 0.00% Added +250.0k +250,000
27 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 5,627,0005.6m $6.2m $6.2m 0.00% Reduced -330.0k -330,000
28 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 5,571,0005.6m $6.1m $6.1m 0.00% Reduced -183.0k -183,000
29 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,276,0005.3m $5.9m $5.9m 0.00% Added +2.2m +2,224,000
30 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,600,0004.6m $5.1m $5.1m 0.01% Unchanged
31 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 4,500,0004.5m $5.0m $5.0m 0.01% New
32 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 3,773,0003.8m $4.1m $4.1m 0.00% Reduced -1.9m -1,906,000
33 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 3,725,0003.7m $4.1m $4.1m 0.00% Reduced -1.8m -1,800,000
34 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 3,323,0003.3m $3.6m $3.6m 0.00% Added +3.1m +3,098,000
35 Wellesley Asset Management 0.32% of their portfolio PORTSMOUTH, NH 3,000,0003.0m $3.2m $3.2m 0.32% New
36 Union Bancaire Privee, UBP SA 0.04% of their portfolio GENEVA 1, V8 2,990,0003.0m $2.8m $2.8m 0.04% Added +250.0k +250,000
37 PALISADE CAPITAL MANAGEMENT, LP 0.07% of their portfolio FORT LEE, NJ 2,466,0002.5m $2.7m $2.7m 0.07% Unchanged
38 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,500,0001.5m $1.7m $1.7m 0.00% Unchanged
39 Man Group plc 0.00% of their portfolio LONDON, X0 1,410,0001.4m $1.6m $1.6m 0.00% Unchanged
40 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,088,0001.1m $1.2m $1.2m 0.00% Added +267.0k +267,000
41 RWC Asset Management LLP 0.06% of their portfolio LONDON, X0 1,085,0001.1m $1.2m $1.2m 0.06% New
42 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,076,0001.1m $11.8k $11.8k 0.00% Reduced -69.5m -69,453,000
43 SSI INVESTMENT MANAGEMENT LLC 0.08% of their portfolio Los Angeles, CA 1,069,0001.1m $1.2m $1.2m 0.08% Reduced -1.3m -1,260,000
44 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 911,000911.0k $999.8k $999.8k 0.00% Unchanged
45 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 559,000559.0k $620.0k $620.0k 0.00% Added +523.0k +523,000
46 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 500,000500.0k $548.0k $548.0k 0.00% Unchanged
47 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $332.7k $332.7k 0.00% Unchanged
48 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 257,000257.0k $282.1k $282.1k 0.00% Unchanged
49 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 220,000220.0k $242.3k $242.3k 0.01% Added +3.0k +3,000
50 ABN AMRO INVESTMENT SOLUTIONS 0.00% of their portfolio PARIS CEDEX 008, I0 200,000200.0k $220.0k $220.0k 0.00% Unchanged
51 Boussard & Gavaudan Investment Management LLP 4.07% of their portfolio London, X0 30,00030.0k $32.9m $32.9m 4.07% Unchanged
52 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 26,00026.0k $27.4k $27.4k 0.00% Added +15.0k +15,000
53 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 25,00025.0k $27.5k $27.5k 0.00% Reduced -299.0k -299,000
54 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 14,01414.0k $7.3m $7.3m 0.01% Reduced -131 -131
55 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 14,00014.0k $15.4k $15.4k 0.00% Added +2.0k +2,000
56 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 8,0008.0k $8.8k $8.8k 0.00% Unchanged
57 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 6,0706.1k $665.0k $665.0k 0.00% Unchanged
58 Alken Asset Management Ltd 0.03% of their portfolio LONDON, X0 1,3001.3k $1.4k $1.4k 0.03% Added +350 +350
59 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 1,2161.2k $636.2k $636.2k 0.00% Reduced -40.7k -40,740
60 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 1,1001.1k $1.2m $1.2m 0.01% Unchanged
61 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,0001.0k $1.1k $1.1k 0.00% New
62 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0001.0k $1.1k $1.1k 0.00% Unchanged
63 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,0001.0k $1.1k $1.1k 0.00% Reduced -15.0k -15,000
64 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 250250 $275.8k $275.8k 0.01% Unchanged
65 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Reduced -600.0k -600,000