Vault-13

VENTAS RLTY LTD PARTNERSHIP VTR 3.75 06.01.26

NOTE 3.750% 6/0 · US DOMESTIC · CUSIP 92277GAZ0

77 institutional holders -2 vs Q1 2025
19,981,03220.0m shares reported held*
$976.3mreported value*
6 new 25 added 27 reduced 7 sold out net bought ≈ $4.8m (+791.4k 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 ($5.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.13.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q2 24: 69Q3 24: 70Q4 24: 73Q1 25: 79Q2 25: 7777Q2 24Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q2 202469
Q3 202470
Q4 202473
Q1 202579
Q2 202577

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 32 bought or addedQ3 24: 37 cut or sold outQ3 24Q4 24: 28 bought or addedQ4 24: 28 cut or sold outQ4 24Q1 25: 39 bought or addedQ1 25: 29 cut or sold outQ1 25Q2 25: 31 bought or addedQ2 25: 34 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20243237
Q4 20242828
Q1 20253929
Q2 20253134

Biggest buyers

D. E. Shaw & Co., Inc. Added +20,500,000+20.5m
ZAZOVE ASSOCIATES LLC Added +8,510,000+8.5m
BANK OF AMERICA CORP /DE/ Added +6,351,000+6.4m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +5,800,000+5.8m
DEUTSCHE BANK AG\ Added +5,587,000+5.6m
CITIGROUP INC Added +4,722,000+4.7m
MORGAN STANLEY Added +4,296,000+4.3m
Amundi Added +3,900,000+3.9m
Jefferies Financial Group Inc. Added +3,832,000+3.8m
LAZARD ASSET MANAGEMENT LLC New +2,725,000+2.7m

Biggest sellers

HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -21,500,000-21.5m
CSS LLC/IL Reduced -13,396,000-13.4m
Portman Square Capital LLP Reduced -10,192,000-10.2m
Polar Asset Management Partners Inc. Sold out -6,500,000-6.5m
Sculptor Capital LP Sold out -5,000,000-5.0m
JPMORGAN CHASE & CO Reduced -2,975,000-3.0m
Governors Lane LP Reduced -2,500,000-2.5m
FMR LLC Reduced -2,459,000-2.5m
BARCLAYS PLC Reduced -1,813,000-1.8m
BANK OF MONTREAL /CAN/ Reduced -1,500,000-1.5m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ADVENT CAPITAL MANAGEMENT /DE/ 2.46% of their portfolio NEW YORK, NY 93,417,00093.4m $111.9m $111.9m 2.46% Added +433.0k +433,000
2 CAMDEN ASSET MANAGEMENT L P /CA 2.15% of their portfolio Los Angeles, CA 76,730,00076.7m $91.7m $91.7m 2.15% Unchanged
3 D. E. Shaw & Co., Inc. 0.08% of their portfolio New York, NY 64,184,00064.2m $76.7m $76.7m 0.08% Added +20.5m +20,500,000
4 Aequim Alternative Investments LP 2.32% of their portfolio MILL VALLEY, CA 59,500,00059.5m $71.3m $71.3m 2.32% Unchanged
5 ZAZOVE ASSOCIATES LLC 5.52% of their portfolio INCLINE VILLAGE, NV 57,000,00057.0m $67.6m $67.6m 5.52% Added +8.5m +8,510,000
6 VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio San Antonio, TX 54,370,00054.4m $64.7m $64.7m 0.04% Added +835.0k +835,000
7 Point72 Asset Management, L.P. 0.10% of their portfolio STAMFORD, CT 34,600,00034.6m $41.4m $41.4m 0.10% Added +2.5m +2,500,000
8 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.44% of their portfolio NEW YORK, NY 23,500,00023.5m $27.8m $27.8m 1.44% Reduced -21.5m -21,500,000
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 18,904,00018.9m $22.6m $22.6m 0.00% Added +6.4m +6,351,000
10 Calamos Advisors LLC 0.09% of their portfolio NAPERVILLE, IL 17,871,00017.9m $21.2m $21.2m 0.09% Reduced -159.0k -159,000
11 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 16,988,00017.0m $20.1m $20.1m 0.02% Added +400.0k +400,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 16,339,00016.3m $19.4m $19.4m 0.00% Reduced -600.0k -600,000
13 Universal- Beteiligungs- und Servicegesellschaft mbH 0.03% of their portfolio FRANKFURT AM MAIN, 2M 16,194,00016.2m $19.3m $19.3m 0.03% Reduced -795.0k -795,000
14 PIER 88 INVESTMENT PARTNERS LLC 3.49% of their portfolio SAN FRANCISCO, CA 15,720,00015.7m $18.8m $18.8m 3.49% Reduced -1.3m -1,340,000
15 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 15,100,00015.1m $17.9m $17.9m 0.02% Added +5.8m +5,800,000
16 CAPSTONE INVESTMENT ADVISORS, LLC 0.15% of their portfolio NEW YORK, NY 15,000,00015.0m $18.0m $18.0m 0.15% Unchanged
17 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 13,985,00014.0m $16.7m $16.7m 0.01% Added +5.6m +5,587,000
18 SSI INVESTMENT MANAGEMENT LLC 1.14% of their portfolio Los Angeles, CA 13,541,00013.5m $16.2m $16.2m 1.14% Reduced -87.0k -87,000
19 FMR LLC 0.00% of their portfolio BOSTON, MA 12,637,00012.6m $15.1m $15.1m 0.00% Reduced -2.5m -2,459,000
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11,309,00011.3m $13.5m $13.5m 0.00% Added +4.3m +4,296,000
21 Portman Square Capital LLP 1.31% of their portfolio London, X0 10,158,00010.2m $12.2m $12.2m 1.31% Reduced -10.2m -10,192,000
22 INCOME RESEARCH & MANAGEMENT 3.24% of their portfolio Boston, MA 10,155,00010.2m $12.1m $12.1m 3.24% Added +155.0k +155,000
23 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 9,316,0009.3m $11.1m $11.1m 0.01% Added +4.7m +4,722,000
24 SHENKMAN CAPITAL MANAGEMENT INC 1.15% of their portfolio NEW YORK, NY 9,069,0009.1m $11.5m $11.5m 1.15% Added +2.5m +2,455,000
25 BlackRock, Inc. 0.00% of their portfolio New York, NY 8,275,0008.3m $9.9m $9.9m 0.00% Reduced -775.0k -775,000
26 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 7,761,0007.8m $9.2m $9.2m 0.00% Reduced -1.5m -1,500,000
27 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 7,730,0007.7m $9.2m $9.2m 0.03% Reduced -229.0k -229,000
28 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 7,476,0007.5m $9.0m $9.0m 0.02% Reduced -315.0k -315,000
29 Warberg Asset Management LLC 1.87% of their portfolio WINNETKA, IL 6,381,0006.4m $7.6m $7.6m 1.87% Added +260.0k +260,000
30 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 6,045,0006.0m $7.2m $7.2m 0.00% Added +890.0k +890,000
31 Jefferies Financial Group Inc. 0.11% of their portfolio NEW YORK, NY 5,632,0005.6m $6.7m $6.7m 0.11% Added +3.8m +3,832,000
32 RWC Asset Management LLP 0.34% of their portfolio LONDON, X0 5,500,0005.5m $6.5m $6.5m 0.34% Unchanged
33 RATIONAL ADVISORS, INC. 0.60% of their portfolio San Juan, PR 5,030,0005.0m $6.0m $6.0m 0.60% Reduced -1.3m -1,340,000
34 Amundi 0.00% of their portfolio Paris, I0 5,000,0005.0m $5.9m $5.9m 0.00% Added +3.9m +3,900,000
35 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 4,511,0004.5m $5.4m $5.4m 0.01% Added +100.0k +100,000
36 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,088,0004.1m $4.8m $4.8m 0.00% Reduced -3.0m -2,975,000
37 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 3,750,0003.8m $4.5m $4.5m 0.00% Unchanged
38 CONNING INC. 0.15% of their portfolio HARTFORD, CT 3,690,0003.7m $4.3m $4.3m 0.15% Unchanged
39 CSS LLC/IL 0.27% of their portfolio CHICAGO, IL 3,604,0003.6m $4.3m $4.3m 0.27% Reduced -13.4m -13,396,000
40 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,570,0003.6m $4.3m $4.3m 0.00% Added +2.1m +2,085,000
41 Man Group plc 0.01% of their portfolio LONDON, X0 3,020,0003.0m $3.6m $3.6m 0.01% Unchanged
42 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 2,725,0002.7m $3.3m $3.3m 0.00% New
43 Union Bancaire Privee, UBP SA 0.04% of their portfolio GENEVA 1, V8 2,550,0002.5m $2.6m $2.6m 0.04% Added +2.0m +2,050,000
44 Governors Lane LP 0.41% of their portfolio NEW YORK, NY 2,500,0002.5m $3.0m $3.0m 0.41% Reduced -2.5m -2,500,000
45 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 2,000,0002.0m $2.4m $2.4m 0.01% New
46 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,710,0001.7m $2.0m $2.0m 0.00% Reduced -361.0k -361,000
47 Ameritas Investment Partners, Inc. 0.06% of their portfolio LINCOLN, NE 1,500,0001.5m $1.8m $1.8m 0.06% Unchanged
48 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,465,0001.5m $1.7m $1.7m 0.00% Reduced -729.0k -729,000
49 AXA S.A. 0.00% of their portfolio PARIS, I0 1,100,0001.1m $1.3m $1.3m 0.00% Unchanged
50 OAKTREE CAPITAL MANAGEMENT LP 0.02% of their portfolio LOS ANGELES, CA 1,000,0001.0m $1.2m $1.2m 0.02% Reduced -250.0k -250,000
51 Erste Asset Management GmbH 0.01% of their portfolio VIENNA, C4 980,000980.0k $1.2m $1.2m 0.01% Added +980.0k +980,000
52 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 900,000900.0k $1.1m $1.1m 0.00% Reduced -200.0k -200,000
53 AEGON USA Investment Management, LLC 0.68% of their portfolio CEDAR RAPIDS, IA 761,000761.0k $909.8k $909.8k 0.68% Reduced -220.0k -220,000
54 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 594,000594.0k $711.6k $711.6k 0.01% Unchanged
55 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 580,000580.0k $687.0k $687.0k 0.00% Added +1 +1
56 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 575,000575.0k $680.6k $680.6k 0.00% Reduced -440.0k -440,000
57 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $591.6k $591.6k 0.00% Unchanged
58 Central Pacific Bank - Trust Division 0.04% of their portfolio HONOLULU, HI 290,000290.0k $346.7k $346.7k 0.04% Unchanged
59 ABN AMRO INVESTMENT SOLUTIONS 0.00% of their portfolio PARIS CEDEX 008, I0 200,000200.0k $239.6k $239.6k 0.00% Added +100.0k +100,000
60 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 181,000181.0k $216.4k $216.4k 0.00% Added +33.0k +33,000
61 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 122,000122.0k $144.7k $144.7k 0.01% Reduced -29.0k -29,000
62 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 104,000104.0k $123.1k $123.1k 0.00% Reduced -1.8m -1,813,000
63 VIRTUS ADVISERS, LLC 0.06% of their portfolio HARTFORD, CT 83,00083.0k $99.2k $99.2k 0.06% Added +28.0k +28,000
64 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 72,00072.0k $86.1k $86.1k 0.00% Unchanged
65 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 28,00028.0k $33.5k $33.5k 0.00% Reduced -8.0k -8,000
66 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 20,00020.0k $23.5k $23.5k 0.00% Unchanged
67 Boussard & Gavaudan Investment Management LLP 2.86% of their portfolio London, X0 18,85018.9k $22.3m $22.3m 2.86% New
68 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 18,00018.0k $21.5k $21.5k 0.00% Unchanged
69 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 15,00015.0k $17.7k $17.7k 0.00% Unchanged
70 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 14,00014.0k $16.7k $16.7k 0.00% Unchanged
71 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 12,80012.8k $1.5m $1.5m 0.01% Unchanged
72 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,00012.0k $14.2k $14.2k 0.00% New
73 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 6,0006.0k $7.1k $7.1k 0.00% New
74 LAFFER TENGLER INVESTMENTS, INC. 0.47% of their portfolio Scottsdale, AZ 2,1822.2k $2.6m $2.6m 0.47% Reduced -69 -69
75 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 1,2001.2k $1.4m $1.4m 0.01% Reduced -1.9k -1,900
76 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 1,0001.0k $1.2k $1.2k 0.00% New
77 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged