Vault-13

VENTAS RLTY LTD PARTNERSHIP VTR 3.75 06.01.26

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

63 institutional holders -2 vs Q4 2025
17,309,30017.3m shares reported held*
$1.3bnreported value*
10 new 16 added 22 reduced 12 sold out net bought ≈ $51.0m (-7.9m 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 ($6.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $76.20.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

050100Q2 24: 69Q3 24: 70Q4 24: 73Q1 25: 79Q2 25: 77Q3 25: 69Q4 25: 65Q1 26: 6363Q2 24Q4 24Q2 25Q4 25Q1 26
Numbers
QuarterHolders
Q2 202469
Q3 202470
Q4 202473
Q1 202579
Q2 202577
Q3 202569
Q4 202565
Q1 202663

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 outQ1 25: 39 bought or addedQ1 25: 29 cut or sold outQ1 25Q2 25: 31 bought or addedQ2 25: 34 cut or sold outQ3 25: 31 bought or addedQ3 25: 38 cut or sold outQ3 25Q4 25: 21 bought or addedQ4 25: 33 cut or sold outQ1 26: 26 bought or addedQ1 26: 34 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q3 20243237
Q4 20242828
Q1 20253929
Q2 20253134
Q3 20253138
Q4 20252133
Q1 20262634

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. New +75,000,000+75.0m
Elequin Capital, LP New +33,700,000+33.7m
Point72 Asset Management, L.P. Added +14,656,000+14.7m
SSI INVESTMENT MANAGEMENT LLC New +11,144,000+11.1m
Aequim Alternative Investments LP Added +9,195,000+9.2m
WELLS FARGO & COMPANY/MN Added +6,056,000+6.1m
ZAZOVE ASSOCIATES LLC Added +5,153,000+5.2m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Added +5,000,000+5.0m
Jefferies Financial Group Inc. New +4,041,000+4.0m
BlackRock, Inc. Added +3,900,000+3.9m

Biggest sellers

FMR LLC Reduced -14,390,000-14.4m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -11,719,000-11.7m
SSI INVESTMENT MANAGEMENT LLC Sold out -11,065,000-11.1m
CSS LLC/IL Sold out -10,317,000-10.3m
MIZUHO SECURITIES USA LLC Sold out -9,195,000-9.2m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Reduced -9,150,000-9.2m
Universal- Beteiligungs- und Servicegesellschaft mbH Reduced -8,175,000-8.2m
PIER 88 INVESTMENT PARTNERS LLC Reduced -8,040,000-8.0m
DEUTSCHE BANK AG\ Reduced -7,389,000-7.4m
RATIONAL ADVISORS, INC. Sold out -6,310,000-6.3m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Aequim Alternative Investments LP 3.15% of their portfolio MILL VALLEY, CA 109,195,000109.2m $162.6m $162.6m 3.15% Added +9.2m +9,195,000
2 CAMDEN ASSET MANAGEMENT L P /CA 4.47% of their portfolio Los Angeles, CA 88,455,00088.5m $131.5m $131.5m 4.47% Added +3.3m +3,300,000
3 TENOR CAPITAL MANAGEMENT Co., L.P. 1.75% of their portfolio NEW YORK, NY 75,000,00075.0m $113.8m $113.8m 1.75% New
4 D. E. Shaw & Co., Inc. 0.09% of their portfolio New York, NY 72,988,00073.0m $109.3m $109.3m 0.09% Reduced -2.0m -1,966,000
5 ADVENT CAPITAL MANAGEMENT /DE/ 2.75% of their portfolio NEW YORK, NY 61,850,00061.9m $92.9m $92.9m 2.75% Reduced -11.7m -11,719,000
6 TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio NEW YORK, NY 56,997,00057.0m $84.7m $84.7m 0.07% Reduced -5.0m -5,000,000
7 Point72 Asset Management, L.P. 0.13% of their portfolio STAMFORD, CT 50,256,00050.3m $75.3m $75.3m 0.13% Added +14.7m +14,656,000
8 VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio San Antonio, TX 50,044,50050.0m $74.4m $74.4m 0.05% Reduced -1.8m -1,839,500
9 ZAZOVE ASSOCIATES LLC 3.20% of their portfolio INCLINE VILLAGE, NV 47,328,00047.3m $67.5m $67.5m 3.20% Added +5.2m +5,153,000
10 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 35,043,00035.0m $52.2m $52.2m 0.01% Added +6.1m +6,056,000
11 Elequin Capital, LP 4.59% of their portfolio NEW YORK, NY 33,700,00033.7m $50.2m $50.2m 4.59% New
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 18,526,00018.5m $28.0m $28.0m 0.00% Reduced -50.0k -50,000
13 Calamos Advisors LLC 0.10% of their portfolio NAPERVILLE, IL 17,783,00017.8m $26.5m $26.5m 0.10% Added +82.0k +82,000
14 CAPSTONE INVESTMENT ADVISORS, LLC 0.20% of their portfolio NEW YORK, NY 16,000,00016.0m $23.8m $23.8m 0.20% Added +3.5m +3,500,000
15 FMR LLC 0.00% of their portfolio BOSTON, MA 14,783,00014.8m $22.0m $22.0m 0.00% Reduced -14.4m -14,390,000
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 14,125,00014.1m $21.0m $21.0m 0.00% Added +3.9m +3,900,000
17 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 12,050,00012.1m $17.9m $17.9m 0.02% Reduced -4.5m -4,550,000
18 SSI INVESTMENT MANAGEMENT LLC 1.14% of their portfolio Los Angeles, CA 11,144,00011.1m $16.6m $16.6m 1.14% New
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 9,068,0009.1m $13.5m $13.5m 0.00% Reduced -2.5m -2,525,000
20 PIER 88 INVESTMENT PARTNERS LLC 3.42% of their portfolio SAN FRANCISCO, CA 8,960,0009.0m $13.3m $13.3m 3.42% Reduced -8.0m -8,040,000
21 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 7,520,0007.5m $11.2m $11.2m 0.04% Added +259.0k +259,000
22 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 6,976,0007.0m $10.5m $10.5m 0.02% Reduced -145.0k -145,000
23 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 6,500,0006.5m $9.8m $9.8m 0.00% Unchanged
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,021,0006.0m $9.0m $9.0m 0.00% Reduced -2.2m -2,236,000
25 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 5,580,0005.6m $8.5m $8.5m 0.01% Added +5.0m +5,000,000
26 Warberg Asset Management LLC 2.35% of their portfolio WINNETKA, IL 5,389,0005.4m $8.1m $8.1m 2.35% Reduced -4.9m -4,854,000
27 Amundi 0.00% of their portfolio Paris, I0 5,000,0005.0m $7.4k $7.4k 0.00% Unchanged
28 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 5,000,0005.0m $7.4m $7.4m 0.01% Reduced -9.2m -9,150,000
29 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 4,772,0004.8m $7.1m $7.1m 0.00% Reduced -7.4m -7,389,000
30 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 4,724,0004.7m $7.1m $7.1m 0.01% Reduced -8.2m -8,175,000
31 Jefferies Financial Group Inc. 0.07% of their portfolio NEW YORK, NY 4,041,0004.0m $6.1m $6.1m 0.07% New
32 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 4,026,0004.0m $6.1m $6.1m 0.01% Unchanged
33 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 3,690,0003.7m $5.5m $5.5m 0.00% Added +3.5m +3,477,000
34 CONNING INC. 0.19% of their portfolio HARTFORD, CT 3,690,0003.7m $5.6m $5.6m 0.19% Unchanged
35 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,430,0001.4m $2.1m $2.1m 0.00% Reduced -2.6m -2,625,000
36 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,310,0001.3m $2.0m $2.0m 0.00% New
37 Union Bancaire Privee, UBP SA 0.02% of their portfolio GENEVA 1, V8 1,100,0001.1m $1.4m $1.4m 0.02% Reduced -1.4m -1,425,000
38 EFG International AG 0.03% of their portfolio Zurich, V8 1,000,0001.0m $1.5m $1.5m 0.03% New
39 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 850,000850.0k $1.3m $1.3m 0.00% Reduced -5.8m -5,803,000
40 AEGON USA Investment Management, LLC 0.89% of their portfolio CEDAR RAPIDS, IA 761,000761.0k $1.1m $1.1m 0.89% Unchanged
41 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 414,000414.0k $616.6k $616.6k 0.01% Unchanged
42 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 350,000350.0k $521.5k $521.5k 0.00% Unchanged
43 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 280,000280.0k $416.3k $416.3k 0.00% Reduced -1.6m -1,554,000
44 Central Pacific Bank - Trust Division 0.04% of their portfolio HONOLULU, HI 209,000209.0k $310.8k $310.8k 0.04% Unchanged
45 ABN AMRO INVESTMENT SOLUTIONS 0.00% of their portfolio PARIS CEDEX 008, I0 200,000200.0k $300.4k $300.4k 0.00% Added +199.8k +199,800
46 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 170,000170.0k $252.8k $252.8k 0.00% Reduced -23.0k -23,000
47 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 127,000127.0k $189.3k $189.3k 0.01% Added +2.0k +2,000
48 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 72,00072.0k $107.1k $107.1k 0.00% Added +15.0k +15,000
49 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 65,00065.0k $98.3k $98.3k 0.00% Unchanged
50 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 50,00050.0k $74.3k $74.3k 0.00% Added +18.0k +18,000
51 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 45,00045.0k $66.9k $66.9k 0.00% Unchanged
52 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 29,00029.0k $43.1k $43.1k 0.00% New
53 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 20,00020.0k $29.7k $29.7k 0.00% Added +4.0k +4,000
54 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 15,00015.0k $22.7k $22.7k 0.00% Unchanged
55 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 12,80012.8k $1.9m $1.9m 0.00% Unchanged
56 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,00012.0k $18.3k $18.3k 0.00% Unchanged
57 Suncoast Equity Management 0.00% of their portfolio TAMPA, FL 10,00010.0k $15.1k $15.1k 0.00% New
58 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 6,0006.0k $9.7k $9.7k 0.00% Unchanged
59 LAFFER TENGLER INVESTMENTS, INC. 0.54% of their portfolio Scottsdale, AZ 2,4032.4k $3.7m $3.7m 0.54% New
60 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,0002.0k $3.0k $3.0k 0.00% New
61 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 1,0001.0k $1.5m $1.5m 0.01% Reduced -500 -500
62 ODDO BHF ASSET MANAGEMENT SAS 0.02% of their portfolio PARIS, I0 300300 $458.4k $458.4k 0.02% Reduced -125 -125
63 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Unchanged