Vault-13

WEC ENERGY GROUP INC WEC 4.375 06.01.29

NOTE 4.375% 6/0 · US DOMESTIC · CUSIP 92939UAR7

57 institutional holders +3 vs Q4 2025
44,579,00044.6m shares reported held*
$984.3mreported value*
12 new 16 added 13 reduced 8 sold out net bought ≈ $128.8m (+44.0m 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 ($4.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.19.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q2 25: 52Q3 25: 54Q4 25: 54Q1 26: 5757Q2 25Q3 25Q4 25Q1 26
Numbers
QuarterHolders
Q2 202552
Q3 202554
Q4 202554
Q1 202657

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 25: 27 bought or addedQ3 25: 22 cut or sold outQ3 25Q4 25: 20 bought or addedQ4 25: 23 cut or sold outQ4 25Q1 26: 28 bought or addedQ1 26: 21 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q3 20252722
Q4 20252023
Q1 20262821

Biggest buyers

BlackRock, Inc. Added +38,175,000+38.2m
TPG GP A, LLC New +34,000,000+34.0m
D. E. Shaw & Co., Inc. New +30,958,000+31.0m
Verition Fund Management LLC Added +12,500,000+12.5m
VICTORY CAPITAL MANAGEMENT INC Added +9,731,500+9.7m
AMERIPRISE FINANCIAL INC Added +9,510,000+9.5m
MORGAN STANLEY Added +9,169,000+9.2m
PIER 88 INVESTMENT PARTNERS LLC New +7,944,000+7.9m
RATIONAL ADVISORS, INC. New +7,944,000+7.9m
ROYAL BANK OF CANADA New +7,710,000+7.7m

Biggest sellers

LAZARD ASSET MANAGEMENT LLC Reduced -21,122,000-21.1m
Parallax Volatility Advisers, L.P. Sold out -16,457,000-16.5m
MARSHALL WACE, LLP Reduced -15,000,000-15.0m
OAKTREE CAPITAL MANAGEMENT LP Sold out -11,957,000-12.0m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -10,000,000-10.0m
WELLINGTON MANAGEMENT GROUP LLP Reduced -8,249,000-8.2m
UBS Group AG Reduced -6,280,000-6.3m
GOLDMAN SACHS GROUP INC Reduced -6,000,000-6.0m
III Capital Management Sold out -5,000,000-5.0m
CITIGROUP INC Sold out -4,528,000-4.5m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Aequim Alternative Investments LP 2.96% of their portfolio MILL VALLEY, CA 123,500,000123.5m $152.9m $152.9m 2.96% Unchanged
2 BlackRock, Inc. 0.00% of their portfolio New York, NY 78,970,00079.0m $97.7m $97.7m 0.00% Added +38.2m +38,175,000
3 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 78,570,00078.6m $972.9k $972.9k 0.00% Reduced -21.1m -21,122,000
4 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 45,900,00045.9m $56.8m $56.8m 0.04% Added +5.0m +5,000,000
5 Universal- Beteiligungs- und Servicegesellschaft mbH 0.10% of their portfolio FRANKFURT AM MAIN, 2M 45,604,00045.6m $57.2m $57.2m 0.10% Reduced -3.0m -2,991,000
6 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 44,246,00044.2m $54.7m $54.7m 0.05% Unchanged
7 Calamos Advisors LLC 0.20% of their portfolio NAPERVILLE, IL 41,344,00041.3m $51.2m $51.2m 0.20% Added +1.0m +1,002,000
8 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 39,446,50039.4m $48.8m $48.8m 0.03% Added +9.7m +9,731,500
9 TPG GP A, LLC 1.14% of their portfolio FORT WORTH, TX 34,000,00034.0m $42.1m $42.1m 1.14% New
10 ADVENT CAPITAL MANAGEMENT /DE/ 1.22% of their portfolio NEW YORK, NY 33,029,00033.0m $41.4m $41.4m 1.22% Added +4.2m +4,245,000
11 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 30,958,00031.0m $38.3m $38.3m 0.03% New
12 Verition Fund Management LLC 0.30% of their portfolio GREENWICH, CT 25,000,00025.0m $31.0m $31.0m 0.30% Added +12.5m +12,500,000
13 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 24,015,00024.0m $29.7m $29.7m 0.01% Added +9.5m +9,510,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 19,612,00019.6m $24.5m $24.5m 0.00% Added +1.1m +1,137,000
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 16,753,00016.8m $20.7m $20.7m 0.00% Added +9.2m +9,169,000
16 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 16,649,00016.6m $20.8m $20.8m 0.00% Reduced -8.2m -8,249,000
17 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 15,000,00015.0m $18.5m $18.5m 0.01% Unchanged
18 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 13,950,00013.9m $17.2m $17.2m 0.02% Unchanged
19 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 13,408,00013.4m $16.6m $16.6m 0.00% Added +1.7m +1,689,000
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 10,260,00010.3m $12.6m $12.6m 0.00% Reduced -395.0k -395,000
21 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 10,000,00010.0m $12.4m $12.4m 0.01% Reduced -15.0m -15,000,000
22 FMR LLC 0.00% of their portfolio BOSTON, MA 9,565,0009.6m $11.8m $11.8m 0.00% Unchanged
23 RWC Asset Management LLP 0.45% of their portfolio LONDON, X0 8,800,0008.8m $10.9m $10.9m 0.45% Reduced -1.2m -1,200,000
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 8,158,0008.2m $10.1m $10.1m 0.00% Added +3.7m +3,724,000
25 Kohlberg Kravis Roberts & Co. L.P. 0.18% of their portfolio NEW YORK, NY 8,000,0008.0m $9.9m $9.9m 0.18% Unchanged
26 RATIONAL ADVISORS, INC. 1.00% of their portfolio San Juan, PR 7,944,0007.9m $9.8m $9.8m 1.00% New
27 PIER 88 INVESTMENT PARTNERS LLC 2.52% of their portfolio SAN FRANCISCO, CA 7,944,0007.9m $9.8m $9.8m 2.52% New
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 7,710,0007.7m $9.5m $9.5m 0.00% New
29 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 6,475,0006.5m $8.1m $8.1m 0.02% Reduced -615.0k -615,000
30 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 6,000,0006.0m $7.4m $7.4m 0.01% Reduced -10.0m -10,000,000
31 GABELLI FUNDS LLC 0.05% of their portfolio Rye, NY 5,925,0005.9m $7.3m $7.3m 0.05% Unchanged
32 MacKay Shields LLC 0.24% of their portfolio New York, NY 5,266,0005.3m $6.5m $6.5m 0.24% Reduced -68.0k -68,000
33 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 4,820,0004.8m $6.0m $6.0m 0.00% Unchanged
34 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 4,323,0004.3m $5.4m $5.4m 0.01% Added +1.3m +1,290,000
35 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 4,000,0004.0m $4.9m $4.9m 0.00% Unchanged
36 CAMDEN ASSET MANAGEMENT L P /CA 0.13% of their portfolio Los Angeles, CA 3,000,0003.0m $3.7m $3.7m 0.13% New
37 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 2,500,0002.5m $3.1m $3.1m 0.01% Added +2.1m +2,100,000
38 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 2,425,0002.4m $3.0m $3.0m 0.00% New
39 SHENKMAN CAPITAL MANAGEMENT INC 0.31% of their portfolio NEW YORK, NY 2,036,0002.0m $2.6m $2.6m 0.31% Reduced -300.0k -300,000
40 MIZUHO SECURITIES USA LLC 0.06% of their portfolio NEW YORK, NY 1,920,0001.9m $2.4m $2.4m 0.06% New
41 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,910,0001.9m $2.4m $2.4m 0.00% Reduced -6.0m -6,000,000
42 Lombard Odier Asset Management (Europe) Ltd 0.10% of their portfolio LONDON, X0 1,400,0001.4m $1.8m $1.8m 0.10% Unchanged
43 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 900,000900.0k $1.1m $1.1m 0.00% Unchanged
44 AEGON USA Investment Management, LLC 0.48% of their portfolio CEDAR RAPIDS, IA 500,000500.0k $618.5k $618.5k 0.48% Unchanged
45 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $370.8k $370.8k 0.00% Unchanged
46 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 212,000212.0k $262.2k $262.2k 0.00% Added +19.0k +19,000
47 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 200,000200.0k $247.8k $247.8k 0.00% Unchanged
48 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 164,000164.0k $202.9k $202.9k 0.00% Reduced -3.0k -3,000
49 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 158,000158.0k $195.4k $195.4k 0.00% Added +144.0k +144,000
50 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 144,000144.0k $178.4k $178.4k 0.01% New
51 UBS Group AG 0.00% of their portfolio ZURICH, V8 65,00065.0k $80.4k $80.4k 0.00% Reduced -6.3m -6,280,000
52 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 50,00050.0k $61.9k $61.9k 0.00% Unchanged
53 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 40,00040.0k $49.5k $49.5k 0.00% Unchanged
54 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 29,00029.0k $35.7k $35.7k 0.01% Added +1.0k +1,000
55 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 26,00026.0k $32.2k $32.2k 0.00% New
56 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 3,0003.0k $3.7k $3.7k 0.00% New
57 LAFFER TENGLER INVESTMENTS, INC. 0.46% of their portfolio Scottsdale, AZ 2,4752.5k $3.1m $3.1m 0.46% New