Vault-13

UNITI GROUP LLC UNIT 7.5 12.01.27

NOTE 7.500%12/0 · US DOMESTIC · CUSIP 91325VAB4

18 institutional holders -2 vs Q4 2025
20,490,53520.5m shares reported held*
$350.7mreported value*
0 new 6 added 2 reduced 2 sold out net bought ≈ $825.0k

* 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 ($4.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.31.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

01020Q3 25: 20Q4 25: 20Q1 26: 1818Q3 25Q4 25Q1 26
Numbers
QuarterHolders
Q3 202520
Q4 202520
Q1 202618

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q4 25: 5 bought or addedQ4 25: 8 cut or sold outQ4 25Q1 26: 6 bought or addedQ1 26: 4 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q4 202558
Q1 202664

Biggest buyers

BARINGS LLC Added +10,886,000+10.9m
LMR Partners LLP Added +4,000,000+4.0m
Sculptor Capital LP Added +3,533,000+3.5m
Russell Investments Group, Ltd. Added +1,515,000+1.5m
BlackRock, Inc. Added +800,000+800.0k
Universal- Beteiligungs- und Servicegesellschaft mbH Added +120,000+120.0k

Biggest sellers

SHENKMAN CAPITAL MANAGEMENT INC Reduced -16,195,000-16.2m
Hudson Bay Capital Management LP Reduced -2,983,000-3.0m
Jefferies Financial Group Inc. Sold out -961,000-961.0k
BANK OF AMERICA CORP /DE/ Sold out -18,000-18.0k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Hudson Bay Capital Management LP 0.82% of their portfolio STAMFORD, CT 117,120,000117.1m $136.4m $136.4m 0.82% Reduced -3.0m -2,983,000
2 LMR Partners LLP 0.48% of their portfolio LONDON, X0 44,000,00044.0m $51.8m $51.8m 0.48% Added +4.0m +4,000,000
3 Sentinel Dome Partners, LLC 31.76% of their portfolio BURLINGAME, CA 28,253,00028.3m $33.4m $33.4m 31.76% Unchanged
4 BARINGS LLC 0.53% of their portfolio CHARLOTTE, NC 27,621,00027.6m $32.9m $32.9m 0.53% Added +10.9m +10,886,000
5 Sculptor Capital LP 0.33% of their portfolio New York, NY 25,211,00025.2m $29.2m $29.2m 0.33% Added +3.5m +3,533,000
6 PRUDENTIAL FINANCIAL INC 0.02% of their portfolio NEWARK, NJ 15,000,00015.0m $17.4m $17.4m 0.02% Unchanged
7 SHENKMAN CAPITAL MANAGEMENT INC 1.10% of their portfolio NEW YORK, NY 7,120,0007.1m $9.2m $9.2m 1.10% Reduced -16.2m -16,195,000
8 Lombard Odier Asset Management (USA) Corp 3.28% of their portfolio New York, NY 5,255,0005.3m $6.1m $6.1m 3.28% Unchanged
9 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 5,000,0005.0m $5.8m $5.8m 0.01% Unchanged
10 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,675,0004.7m $5.6m $5.6m 0.00% Added +800.0k +800,000
11 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 4,203,0004.2m $5.0m $5.0m 0.01% Added +1.5m +1,515,000
12 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 3,800,0003.8m $4.5m $4.5m 0.00% Unchanged
13 Parallax Volatility Advisers, L.P. 0.16% of their portfolio San Francisco, CA 3,000,0003.0m $3.6m $3.6m 0.16% Unchanged
14 NOMURA HOLDINGS INC 0.10% of their portfolio TOKYO, M0 1,240,5351.2m $11.6m $11.6m 0.10% Unchanged
15 NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio TOKYO, M0 1,025,0001.0m $1.2m $1.2m 0.00% Unchanged
16 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 478,000478.0k $566.8k $566.8k 0.00% Added +120.0k +120,000
17 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 325,000325.0k $376.1k $376.1k 0.00% Unchanged
18 PensionDanmark Pensionsforsikringsaktieselskab 0.00% of their portfolio COPENHAGEN O, G7 125,000125.0k $157.1k $157.1k 0.00% Unchanged