Vault-13

WEC ENERGY GROUP INC WEC 4.375 06.01.27

NOTE 4.375% 6/0 · US DOMESTIC · CUSIP 92939UAP1

38 institutional holders -1 vs Q4 2025
81,381,50081.4m shares reported held*
$1.0bnreported value*
6 new 12 added 8 reduced 7 sold out net bought ≈ $11.8m (+33.5m 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 ≈ $12.41.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q2 25: 52Q3 25: 44Q4 25: 39Q1 26: 3838Q2 25Q3 25Q4 25Q1 26
Numbers
QuarterHolders
Q2 202552
Q3 202544
Q4 202539
Q1 202638

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 25: 20 bought or addedQ3 25: 28 cut or sold outQ3 25Q4 25: 15 bought or addedQ4 25: 23 cut or sold outQ4 25Q1 26: 18 bought or addedQ1 26: 15 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q3 20252028
Q4 20251523
Q1 20261815

Biggest buyers

CITADEL ADVISORS LLC New +25,000,000+25.0m
SSI INVESTMENT MANAGEMENT LLC New +17,811,000+17.8m
Ovata Capital Management Ltd Added +13,909,000+13.9m
CAMDEN ASSET MANAGEMENT L P /CA Added +8,409,000+8.4m
BlackRock, Inc. Added +6,500,000+6.5m
D. E. Shaw & Co., Inc. Added +4,858,000+4.9m
Burkehill Global Management, LP Added +4,000,000+4.0m
EFG International AG New +3,500,000+3.5m
AMERICAN CENTURY COMPANIES INC Added +2,917,000+2.9m
MIZUHO SECURITIES USA LLC Added +1,754,000+1.8m

Biggest sellers

ARISTEIA CAPITAL, L.L.C. Sold out -25,000,000-25.0m
SSI INVESTMENT MANAGEMENT LLC Sold out -17,534,000-17.5m
Verition Fund Management LLC Sold out -15,000,000-15.0m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -5,000,000-5.0m
Point72 Asset Management, L.P. Reduced -5,000,000-5.0m
CITIGROUP INC Sold out -4,609,000-4.6m
Universal- Beteiligungs- und Servicegesellschaft mbH Reduced -4,000,000-4.0m
JPMORGAN CHASE & CO Sold out -2,545,000-2.5m
TWO SIGMA INVESTMENTS, LP Sold out -1,754,000-1.8m
STATE STREET CORP Reduced -1,600,000-1.6m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 D. E. Shaw & Co., Inc. 0.17% of their portfolio New York, NY 176,762,000176.8m $213.2m $213.2m 0.17% Added +4.9m +4,858,000
2 CAMDEN ASSET MANAGEMENT L P /CA 5.97% of their portfolio Los Angeles, CA 145,643,000145.6m $175.5m $175.5m 5.97% Added +8.4m +8,409,000
3 Point72 Asset Management, L.P. 0.28% of their portfolio STAMFORD, CT 131,276,000131.3m $158.3m $158.3m 0.28% Reduced -5.0m -5,000,000
4 Aequim Alternative Investments LP 1.58% of their portfolio MILL VALLEY, CA 67,500,00067.5m $81.4m $81.4m 1.58% Unchanged
5 BlackRock, Inc. 0.00% of their portfolio New York, NY 38,452,00038.5m $46.3m $46.3m 0.00% Added +6.5m +6,500,000
6 Calamos Advisors LLC 0.17% of their portfolio NAPERVILLE, IL 35,576,00035.6m $42.9m $42.9m 0.17% Added +452.0k +452,000
7 MIZUHO SECURITIES USA LLC 0.93% of their portfolio NEW YORK, NY 32,754,00032.8m $39.3m $39.3m 0.93% Added +1.8m +1,754,000
8 Ovata Capital Management Ltd 4.62% of their portfolio HONG KONG, K3 27,409,00027.4m $33.1m $33.1m 4.62% Added +13.9m +13,909,000
9 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 25,000,00025.0m $30.2m $30.2m 0.02% New
10 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 22,562,00022.6m $27.2m $27.2m 0.01% Added +2.9m +2,917,000
11 SSI INVESTMENT MANAGEMENT LLC 1.48% of their portfolio Los Angeles, CA 17,811,00017.8m $21.5m $21.5m 1.48% New
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 16,683,00016.7m $20.4m $20.4m 0.00% Reduced -1.6m -1,600,000
13 Brevan Howard Capital Management LP 0.18% of their portfolio ST. HELIER, Y9 15,000,00015.0m $18.0m $18.0m 0.18% Unchanged
14 Burkehill Global Management, LP 0.90% of their portfolio NEW YORK, NY 15,000,00015.0m $18.1m $18.1m 0.90% Added +4.0m +4,000,000
15 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 9,910,0009.9m $12.0m $12.0m 0.01% Unchanged
16 FMR LLC 0.00% of their portfolio BOSTON, MA 9,560,0009.6m $11.5m $11.5m 0.00% Unchanged
17 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 7,017,0007.0m $8.6m $8.6m 0.02% Added +745.0k +745,000
18 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 5,740,0005.7m $6.9m $6.9m 0.01% Reduced -510.0k -510,000
19 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 5,500,0005.5m $6.7m $6.7m 0.01% Reduced -4.0m -4,000,000
20 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 5,000,0005.0m $6.0m $6.0m 0.01% Reduced -5.0m -5,000,000
21 Man Group plc 0.01% of their portfolio LONDON, X0 4,560,0004.6m $5.5m $5.5m 0.01% Reduced -540.0k -540,000
22 EFG International AG 0.09% of their portfolio Zurich, V8 3,500,0003.5m $4.2m $4.2m 0.09% New
23 Ares Systematic Credit Ltd 3.32% of their portfolio LONDON, X0 3,500,0003.5m $4.2m $4.2m 3.32% Added +1.5m +1,500,000
24 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $3.6m $3.6m 0.01% Unchanged
25 Wellesley Asset Management 0.19% of their portfolio PORTSMOUTH, NH 3,000,0003.0m $1.8m $1.8m 0.19% Unchanged
26 SHENKMAN CAPITAL MANAGEMENT INC 0.43% of their portfolio NEW YORK, NY 2,924,0002.9m $3.6m $3.6m 0.43% Reduced -100.0k -100,000
27 LORD, ABBETT & CO. LLC 0.01% of their portfolio JERSEY CITY, NJ 1,671,0001.7m $2.0m $2.0m 0.01% New
28 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,600,0001.6m $1.9m $1.9m 0.00% Unchanged
29 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,376,0001.4m $16.6k $16.6k 0.00% Unchanged
30 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 971,000971.0k $1.2m $1.2m 0.00% New
31 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 598,000598.0k $721.0k $721.0k 0.00% Unchanged
32 Central Pacific Bank - Trust Division 0.09% of their portfolio HONOLULU, HI 566,000566.0k $682.0k $682.0k 0.09% Unchanged
33 AEGON USA Investment Management, LLC 0.47% of their portfolio CEDAR RAPIDS, IA 500,000500.0k $602.5k $602.5k 0.47% Unchanged
34 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 483,000483.0k $582.0k $582.0k 0.00% Added +246.0k +246,000
35 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $361.9k $361.9k 0.00% Added +100.0k +100,000
36 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 106,000106.0k $127.8k $127.8k 0.00% Reduced -47.0k -47,000
37 Boussard & Gavaudan Investment Management LLP 0.18% of their portfolio London, X0 1,5001.5k $1.9m $1.9m 0.18% New
38 NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio TOKYO, M0 00 $0 $0 0.00% Unchanged