Vault-13

VENTAS RLTY LTD PARTNERSHIP VTR 3.75 06.01.26

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

69 institutional holders -8 vs Q2 2025
15,915,31615.9m shares reported held*
$1.1bnreported value*
4 new 27 added 27 reduced 11 sold out net bought ≈ $32.6m (-4.1m 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 ($5.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $67.38.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100Q2 24: 69Q3 24: 70Q4 24: 73Q1 25: 79Q2 25: 77Q3 25: 6969Q2 24Q3 24Q4 24Q1 25Q2 25Q3 25
Numbers
QuarterHolders
Q2 202469
Q3 202470
Q4 202473
Q1 202579
Q2 202577
Q3 202569

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 25Q3 25: 31 bought or addedQ3 25: 38 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q3 20243237
Q4 20242828
Q1 20253929
Q2 20253134
Q3 20253138

Biggest buyers

TWO SIGMA INVESTMENTS, LP New +41,286,000+41.3m
FMR LLC Added +18,966,000+19.0m
Aequim Alternative Investments LP Added +14,500,000+14.5m
D. E. Shaw & Co., Inc. Added +10,770,000+10.8m
ADVENT CAPITAL MANAGEMENT /DE/ Added +9,450,000+9.4m
JPMORGAN CHASE & CO Added +7,424,000+7.4m
CAMDEN ASSET MANAGEMENT L P /CA Added +7,225,000+7.2m
WELLS FARGO & COMPANY/MN Added +4,157,000+4.2m
Capital World Investors New +2,221,000+2.2m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +1,500,000+1.5m

Biggest sellers

HIGHBRIDGE CAPITAL MANAGEMENT LLC Sold out -23,500,000-23.5m
Portman Square Capital LLP Sold out -10,158,000-10.2m
BANK OF AMERICA CORP /DE/ Reduced -9,313,000-9.3m
ZAZOVE ASSOCIATES LLC Reduced -9,305,000-9.3m
MORGAN STANLEY Reduced -5,869,000-5.9m
Amundi Sold out -5,000,000-5.0m
INCOME RESEARCH & MANAGEMENT Reduced -4,865,000-4.9m
Jefferies Financial Group Inc. Reduced -4,290,000-4.3m
Invesco Ltd. Sold out -3,750,000-3.8m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -3,425,000-3.4m

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ADVENT CAPITAL MANAGEMENT /DE/ 2.99% of their portfolio NEW YORK, NY 102,867,000102.9m $133.1m $133.1m 2.99% Added +9.4m +9,450,000
2 CAMDEN ASSET MANAGEMENT L P /CA 2.39% of their portfolio Los Angeles, CA 83,955,00084.0m $108.4m $108.4m 2.39% Added +7.2m +7,225,000
3 D. E. Shaw & Co., Inc. 0.08% of their portfolio New York, NY 74,954,00075.0m $96.8m $96.8m 0.08% Added +10.8m +10,770,000
4 Aequim Alternative Investments LP 2.13% of their portfolio MILL VALLEY, CA 74,000,00074.0m $95.8m $95.8m 2.13% Added +14.5m +14,500,000
5 VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio San Antonio, TX 54,777,00054.8m $70.6m $70.6m 0.04% Added +407.0k +407,000
6 ZAZOVE ASSOCIATES LLC 5.57% of their portfolio INCLINE VILLAGE, NV 47,695,00047.7m $61.4m $61.4m 5.57% Reduced -9.3m -9,305,000
7 TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio NEW YORK, NY 41,286,00041.3m $53.3m $53.3m 0.08% New
8 Point72 Asset Management, L.P. 0.10% of their portfolio STAMFORD, CT 35,600,00035.6m $46.0m $46.0m 0.10% Added +1.0m +1,000,000
9 FMR LLC 0.00% of their portfolio BOSTON, MA 31,603,00031.6m $40.8m $40.8m 0.00% Added +19.0m +18,966,000
10 Calamos Advisors LLC 0.09% of their portfolio NAPERVILLE, IL 17,765,00017.8m $22.9m $22.9m 0.09% Reduced -106.0k -106,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 17,448,00017.4m $22.7m $22.7m 0.00% Added +1.1m +1,109,000
12 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 17,238,00017.2m $21.8m $21.8m 0.02% Added +250.0k +250,000
13 PIER 88 INVESTMENT PARTNERS LLC 4.12% of their portfolio SAN FRANCISCO, CA 17,000,00017.0m $22.0m $22.0m 4.12% Added +1.3m +1,280,000
14 Universal- Beteiligungs- und Servicegesellschaft mbH 0.04% of their portfolio FRANKFURT AM MAIN, 2M 16,874,00016.9m $21.9m $21.9m 0.04% Added +680.0k +680,000
15 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 16,600,00016.6m $21.3m $21.3m 0.02% Added +1.5m +1,500,000
16 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 13,960,00014.0m $18.0m $18.0m 0.01% Reduced -25.0k -25,000
17 CAPSTONE INVESTMENT ADVISORS, LLC 0.14% of their portfolio NEW YORK, NY 12,500,00012.5m $16.2m $16.2m 0.14% Reduced -2.5m -2,500,000
18 SSI INVESTMENT MANAGEMENT LLC 1.06% of their portfolio Los Angeles, CA 12,077,00012.1m $15.6m $15.6m 1.06% Reduced -1.5m -1,464,000
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 11,512,00011.5m $14.6m $14.6m 0.00% Added +7.4m +7,424,000
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 9,591,0009.6m $12.4m $12.4m 0.00% Reduced -9.3m -9,313,000
21 BlackRock, Inc. 0.00% of their portfolio New York, NY 8,525,0008.5m $11.0m $11.0m 0.00% Added +250.0k +250,000
22 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 7,761,0007.8m $9.8m $9.8m 0.00% Unchanged
23 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 7,460,0007.5m $9.6m $9.6m 0.03% Reduced -270.0k -270,000
24 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 6,934,0006.9m $9.0m $9.0m 0.02% Reduced -542.0k -542,000
25 Warberg Asset Management LLC 2.43% of their portfolio WINNETKA, IL 6,696,0006.7m $8.6m $8.6m 2.43% Added +315.0k +315,000
26 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 6,344,0006.3m $8.2m $8.2m 0.01% Reduced -3.0m -2,972,000
27 RATIONAL ADVISORS, INC. 0.81% of their portfolio San Juan, PR 6,310,0006.3m $8.1m $8.1m 0.81% Added +1.3m +1,280,000
28 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 5,685,0005.7m $7.4m $7.4m 0.00% Reduced -360.0k -360,000
29 SHENKMAN CAPITAL MANAGEMENT INC 0.74% of their portfolio NEW YORK, NY 5,644,0005.6m $7.5m $7.5m 0.74% Reduced -3.4m -3,425,000
30 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 5,622,0005.6m $7.1m $7.1m 0.00% Added +4.2m +4,157,000
31 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,440,0005.4m $7.0m $7.0m 0.00% Reduced -5.9m -5,869,000
32 INCOME RESEARCH & MANAGEMENT 3.34% of their portfolio Boston, MA 5,290,0005.3m $6.8m $6.8m 3.34% Reduced -4.9m -4,865,000
33 RWC Asset Management LLP 0.32% of their portfolio LONDON, X0 5,125,0005.1m $6.6m $6.6m 0.32% Reduced -375.0k -375,000
34 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 4,404,0004.4m $5.7m $5.7m 0.01% Reduced -107.0k -107,000
35 CONNING INC. 0.16% of their portfolio HARTFORD, CT 3,690,0003.7m $4.7m $4.7m 0.16% Unchanged
36 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $3.9m $3.9m 0.01% Added +1.0m +1,000,000
37 CSS LLC/IL 0.23% of their portfolio CHICAGO, IL 2,977,0003.0m $3.8m $3.8m 0.23% Reduced -627.0k -627,000
38 Man Group plc 0.01% of their portfolio LONDON, X0 2,630,0002.6m $3.4m $3.4m 0.01% Reduced -390.0k -390,000
39 Union Bancaire Privee, UBP SA 0.04% of their portfolio GENEVA 1, V8 2,575,0002.6m $2.8m $2.8m 0.04% Added +25.0k +25,000
40 Governors Lane LP 0.45% of their portfolio NEW YORK, NY 2,500,0002.5m $3.2m $3.2m 0.45% Unchanged
41 Capital World Investors 0.00% of their portfolio LOS ANGELES, CA 2,221,0002.2m $2.9m $2.9m 0.00% New
42 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 1,342,0001.3m $1.7m $1.7m 0.02% Reduced -4.3m -4,290,000
43 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,270,0001.3m $1.6m $1.6m 0.00% Added +1.2m +1,166,000
44 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 1,200,0001.2m $1.5m $1.5m 0.00% Added +300.0k +300,000
45 AEGON USA Investment Management, LLC 0.67% of their portfolio CEDAR RAPIDS, IA 761,000761.0k $982.8k $982.8k 0.67% Unchanged
46 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 605,000605.0k $781.4k $781.4k 0.00% Reduced -1.1m -1,105,000
47 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 580,000580.0k $752.0k $752.0k 0.00% Unchanged
48 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $632.4k $632.4k 0.00% Unchanged
49 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 414,000414.0k $535.7k $535.7k 0.01% Reduced -180.0k -180,000
50 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 400,000400.0k $517.6k $517.6k 0.01% Added +200.0k +200,000
51 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 295,000295.0k $381.0k $381.0k 0.00% Reduced -3.3m -3,275,000
52 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 228,000228.0k $292.8k $292.8k 0.00% Reduced -347.0k -347,000
53 Central Pacific Bank - Trust Division 0.03% of their portfolio HONOLULU, HI 209,000209.0k $269.9k $269.9k 0.03% Reduced -81.0k -81,000
54 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 204,000204.0k $249.3k $249.3k 0.00% Added +23.0k +23,000
55 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 124,000124.0k $159.6k $159.6k 0.01% Added +2.0k +2,000
56 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 76,00076.0k $97.6k $97.6k 0.00% Added +56.0k +56,000
57 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 57,00057.0k $73.6k $73.6k 0.00% Reduced -15.0k -15,000
58 VIRTUS ADVISERS, LLC 0.03% of their portfolio HARTFORD, CT 47,00047.0k $60.7k $60.7k 0.03% Reduced -36.0k -36,000
59 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 28,00028.0k $36.2k $36.2k 0.00% Unchanged
60 LAFFER TENGLER INVESTMENTS, INC. 0.46% of their portfolio Scottsdale, AZ 21,87021.9k $2.9m $2.9m 0.46% New
61 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 18,00018.0k $23.2k $23.2k 0.00% Unchanged
62 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 16,00016.0k $20.7k $20.7k 0.00% Added +2.0k +2,000
63 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 14,81614.8k $1.0m $1.0m 0.00% New
64 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 12,80012.8k $1.6m $1.6m 0.01% Unchanged
65 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,00012.0k $15.2k $15.2k 0.00% Unchanged
66 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 6,0006.0k $7.8k $7.8k 0.00% Unchanged
67 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 1,9001.9k $2.4m $2.4m 0.01% Added +700 +700
68 Boussard & Gavaudan Investment Management LLP 0.08% of their portfolio London, X0 500500 $648.5k $648.5k 0.08% Reduced -18.4k -18,350
69 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Reduced -980.0k -980,000