Vault-13

TYLER TEX INDPT SCH DIST TYL 0.25 03.15.26

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

64 institutional holders -1 vs Q3 2025
7,487,5007.5m shares reported held*
$538.1mreported value*
9 new 21 added 19 reduced 10 sold out net bought ≈ $27.3m (-5.2m 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 ≈ $71.87.

Trends to Q4 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: 65Q4 25: 6464Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 202564

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 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 25Q3 25: 30 bought or addedQ3 25: 33 cut or sold outQ4 25: 30 bought or addedQ4 25: 29 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241726
Q2 20242130
Q3 20242331
Q4 20242826
Q1 20252635
Q2 20253327
Q3 20253033
Q4 20253029

Biggest buyers

ADVENT CAPITAL MANAGEMENT /DE/ Added +41,427,000+41.4m
MOORE CAPITAL MANAGEMENT, LP New +32,945,000+32.9m
SONA ASSET MANAGEMENT (US) LLC Added +15,000,000+15.0m
Shaolin Capital Management LLC New +15,000,000+15.0m
ZAZOVE ASSOCIATES LLC Added +14,290,000+14.3m
Universal- Beteiligungs- und Servicegesellschaft mbH Added +6,719,000+6.7m
TWO SIGMA INVESTMENTS, LP New +6,000,000+6.0m
CAPSTONE INVESTMENT ADVISORS, LLC Added +5,000,000+5.0m
ROYAL BANK OF CANADA Added +4,336,000+4.3m
NEW YORK STATE COMMON RETIREMENT FUND New +2,340,000+2.3m

Biggest sellers

SUSQUEHANNA ADVISORS GROUP, INC. Sold out -17,500,000-17.5m
JPMORGAN CHASE & CO Reduced -16,596,000-16.6m
Jefferies Financial Group Inc. Reduced -16,581,000-16.6m
MILLENNIUM MANAGEMENT LLC Sold out -15,242,000-15.2m
Nuveen, LLC Sold out -14,283,000-14.3m
WHITEBOX ADVISORS LLC Reduced -13,500,000-13.5m
BANK OF AMERICA CORP /DE/ Reduced -9,729,000-9.7m
PIER 88 INVESTMENT PARTNERS LLC Reduced -8,240,000-8.2m
Ghisallo Capital Management LLC Sold out -7,500,000-7.5m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Sold out -4,500,000-4.5m

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ADVENT CAPITAL MANAGEMENT /DE/ 1.83% of their portfolio NEW YORK, NY 78,180,00078.2m $79.3m $79.3m 1.83% Added +41.4m +41,427,000
2 ZAZOVE ASSOCIATES LLC 5.34% of their portfolio INCLINE VILLAGE, NV 60,945,00060.9m $61.8m $61.8m 5.34% Added +14.3m +14,290,000
3 SONA ASSET MANAGEMENT (US) LLC 1.21% of their portfolio NEW YORK, NY 37,000,00037.0m $37.4m $37.4m 1.21% Added +15.0m +15,000,000
4 MOORE CAPITAL MANAGEMENT, LP 0.68% of their portfolio NEW YORK, NY 32,945,00032.9m $33.3m $33.3m 0.68% New
5 MacKay Shields LLC 1.08% of their portfolio New York, NY 30,319,00030.3m $30.7m $30.7m 1.08% Reduced -302.0k -302,000
6 SILVERBACK ASSET MANAGEMENT LLC 4.27% of their portfolio DURHAM, NC 28,206,00028.2m $28.6m $28.6m 4.27% Reduced -941.0k -941,000
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 24,269,00024.3m $24.5m $24.5m 0.00% Reduced -9.7m -9,729,000
8 Universal- Beteiligungs- und Servicegesellschaft mbH 0.04% of their portfolio FRANKFURT AM MAIN, 2M 22,299,00022.3m $22.6m $22.6m 0.04% Added +6.7m +6,719,000
9 Calamos Advisors LLC 0.07% of their portfolio NAPERVILLE, IL 17,335,00017.3m $17.6m $17.6m 0.07% Reduced -90.0k -90,000
10 CAPSTONE INVESTMENT ADVISORS, LLC 0.13% of their portfolio NEW YORK, NY 16,151,00016.2m $16.4m $16.4m 0.13% Added +5.0m +5,000,000
11 Shaolin Capital Management LLC 0.57% of their portfolio Miami, FL 15,000,00015.0m $15.1m $15.1m 0.57% New
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 13,274,00013.3m $13.4m $13.4m 0.00% Added +492.0k +492,000
13 WHITEBOX ADVISORS LLC 0.21% of their portfolio MINNEAPOLIS, MN 12,359,00012.4m $12.5m $12.5m 0.21% Reduced -13.5m -13,500,000
14 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 11,617,00011.6m $11.7m $11.7m 0.01% Reduced -203.0k -203,000
15 Jefferies Financial Group Inc. 0.09% of their portfolio NEW YORK, NY 11,317,00011.3m $11.4m $11.4m 0.09% Reduced -16.6m -16,581,000
16 SHENKMAN CAPITAL MANAGEMENT INC 1.11% of their portfolio NEW YORK, NY 10,129,00010.1m $10.5m $10.5m 1.11% Added +413.0k +413,000
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,612,0009.6m $9.7m $9.7m 0.00% Added +4.3m +4,336,000
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 9,365,0009.4m $9.5m $9.5m 0.00% Added +1.2m +1,185,000
19 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 8,200,0008.2m $8.3m $8.3m 0.01% Unchanged
20 BlackRock, Inc. 0.00% of their portfolio New York, NY 7,040,0007.0m $7.1m $7.1m 0.00% Added +1.0m +1,000,000
21 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 7,031,0007.0m $7.1m $7.1m 0.00% Added +266.0k +266,000
22 FMR LLC 0.00% of their portfolio BOSTON, MA 6,754,0006.8m $6.8m $6.8m 0.00% Unchanged
23 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 6,000,0006.0m $6.1m $6.1m 0.01% New
24 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 5,396,0005.4m $5.5m $5.5m 0.00% Reduced -175.0k -175,000
25 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 4,652,0004.7m $4.7m $4.7m 0.00% Reduced -975.0k -975,000
26 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,600,0004.6m $4.7m $4.7m 0.01% Unchanged
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,176,0004.2m $4.2m $4.2m 0.00% Reduced -16.6m -16,596,000
28 Wellesley Asset Management 0.36% of their portfolio PORTSMOUTH, NH 3,500,0003.5m $3.5m $3.5m 0.36% Added +500.0k +500,000
29 Warberg Asset Management LLC 0.91% of their portfolio WINNETKA, IL 3,000,0003.0m $3.0m $3.0m 0.91% Reduced -3.0m -3,044,000
30 Union Bancaire Privee, UBP SA 0.03% of their portfolio GENEVA 1, V8 2,990,0003.0m $2.6m $2.6m 0.03% Unchanged
31 RWC Asset Management LLP 0.12% of their portfolio LONDON, X0 2,480,0002.5m $2.5m $2.5m 0.12% Added +1.4m +1,395,000
32 PALISADE CAPITAL MANAGEMENT, LP 0.07% of their portfolio FORT LEE, NJ 2,399,0002.4m $2.4m $2.4m 0.07% Reduced -67.0k -67,000
33 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 2,340,0002.3m $2.4m $2.4m 0.00% New
34 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,500,0001.5m $1.5m $1.5m 0.00% Unchanged
35 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,414,0001.4m $1.4m $1.4m 0.00% Added +326.0k +326,000
36 Man Group plc 0.00% of their portfolio LONDON, X0 1,410,0001.4m $1.4m $1.4m 0.00% Unchanged
37 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,335,0001.3m $1.3m $1.3m 0.00% Added +424.0k +424,000
38 OAKTREE CAPITAL MANAGEMENT LP 0.02% of their portfolio LOS ANGELES, CA 1,000,0001.0m $1.0m $1.0m 0.02% New
39 SSI INVESTMENT MANAGEMENT LLC 0.05% of their portfolio Los Angeles, CA 739,000739.0k $747.1k $747.1k 0.05% Reduced -330.0k -330,000
40 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 721,000721.0k $729.2k $729.2k 0.00% Added +162.0k +162,000
41 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 500,000500.0k $502.5k $502.5k 0.00% Unchanged
42 PIER 88 INVESTMENT PARTNERS LLC 0.09% of their portfolio SAN FRANCISCO, CA 394,000394.0k $399.3k $399.3k 0.09% Reduced -8.2m -8,240,000
43 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 257,000257.0k $259.8k $259.8k 0.00% Unchanged
44 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 250,000250.0k $252.9k $252.9k 0.00% Reduced -50.0k -50,000
45 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 221,000221.0k $224.0k $224.0k 0.01% Added +1.0k +1,000
46 CSS LLC/IL 0.01% of their portfolio CHICAGO, IL 94,00094.0k $95.2k $95.2k 0.01% New
47 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 30,00030.0k $30.3k $30.3k 0.00% New
48 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 26,00026.0k $26.0k $26.0k 0.00% Unchanged
49 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 25,00025.0k $25.3k $25.3k 0.00% Reduced -3.7m -3,748,000
50 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 25,00025.0k $25.3k $25.3k 0.00% Unchanged
51 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 17,00017.0k $17.2k $17.2k 0.00% New
52 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 15,00015.0k $15.2k $15.2k 0.00% Added +1.0k +1,000
53 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 13,87413.9k $6.3m $6.3m 0.01% Reduced -140 -140
54 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 10,00010.0k $10.1k $10.1k 0.00% New
55 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 8,0008.0k $8.1k $8.1k 0.00% Unchanged
56 NOMURA HOLDINGS INC 0.01% of their portfolio TOKYO, M0 7,3767.4k $3.3m $3.3m 0.01% Added +6.2k +6,160
57 UBS Group AG 0.00% of their portfolio ZURICH, V8 7,0007.0k $7.1k $7.1k 0.00% Added +6.0k +6,000
58 Alken Asset Management Ltd 0.04% of their portfolio LONDON, X0 2,4002.4k $2.4k $2.4k 0.04% Added +1.1k +1,100
59 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,0001.0k $1.0k $1.0k 0.00% Unchanged
60 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,0001.0k $1.0k $1.0k 0.00% Unchanged
61 Candriam S.C.A. 0.00% of their portfolio STRASSEN, N4 900900 $911.0k $911.0k 0.00% Reduced -200 -200
62 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 250250 $253.0k $253.0k 0.01% Unchanged
63 ABN AMRO INVESTMENT SOLUTIONS 0.00% of their portfolio PARIS CEDEX 008, I0 200200 $202.8k $202.8k 0.00% Reduced -199.8k -199,800
64 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Unchanged