Vault-13

WINNEBAGO INDS INC WGO 3.25 01.15.30

NOTE 3.250% 1/1 · US DOMESTIC · CUSIP 974637AF7

44 institutional holders +8 vs Q3 2025
18,920,00018.9m shares reported held*
$308.4mreported value*
11 new 9 added 15 reduced 4 sold out net sold ≈ $5.7m (+873.0k 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $16.42.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q1 25: 33Q2 25: 36Q3 25: 36Q4 25: 4444Q1 25Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q1 202533
Q2 202536
Q3 202536
Q4 202544

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q2 25: 17 bought or addedQ2 25: 14 cut or sold outQ2 25Q3 25: 14 bought or addedQ3 25: 14 cut or sold outQ3 25Q4 25: 20 bought or addedQ4 25: 19 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q2 20251714
Q3 20251414
Q4 20252019

Biggest buyers

LORD, ABBETT & CO. LLC New +30,487,000+30.5m
OAKTREE CAPITAL MANAGEMENT LP Added +15,312,000+15.3m
Nicholas Investment Partners, LP New +5,900,000+5.9m
TD Asset Management Inc Added +4,800,000+4.8m
Davidson Kempner Capital Management LP Added +3,000,000+3.0m
Virtus Fixed Income Advisers, LLC New +2,950,000+3.0m
SSI INVESTMENT MANAGEMENT LLC New +1,650,000+1.6m
Pinnacle Holdings, LLC New +1,160,000+1.2m
BlackRock, Inc. Added +1,000,000+1.0m
STATE STREET CORP Added +750,000+750.0k

Biggest sellers

Nuveen, LLC Sold out -22,000,000-22.0m
Point72 Asset Management, L.P. Sold out -11,050,000-11.1m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -10,000,000-10.0m
Thrivent Financial for Lutherans Reduced -5,820,000-5.8m
Brandywine Global Investment Management, LLC Reduced -5,000,000-5.0m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -4,422,000-4.4m
Wellesley Asset Management Reduced -3,522,000-3.5m
BANK OF AMERICA CORP /DE/ Reduced -2,860,000-2.9m
JPMORGAN CHASE & CO Reduced -2,562,000-2.6m
LAZARD ASSET MANAGEMENT LLC Sold out -2,510,000-2.5m

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.51% of their portfolio New York, NY 88,548,00088.5m $83.3m $83.3m 0.51% Reduced -431.0k -431,000
2 LORD, ABBETT & CO. LLC 0.09% of their portfolio JERSEY CITY, NJ 30,487,00030.5m $28.7m $28.7m 0.09% New
3 Wellesley Asset Management 2.70% of their portfolio PORTSMOUTH, NH 27,463,00027.5m $25.9m $25.9m 2.70% Reduced -3.5m -3,522,000
4 Davidson Kempner Capital Management LP 0.32% of their portfolio New York, NY 23,000,00023.0m $21.6m $21.6m 0.32% Added +3.0m +3,000,000
5 OAKTREE CAPITAL MANAGEMENT LP 0.31% of their portfolio LOS ANGELES, CA 20,220,00020.2m $19.1m $19.1m 0.31% Added +15.3m +15,312,000
6 BlackRock, Inc. 0.00% of their portfolio New York, NY 19,083,00019.1m $17.9m $17.9m 0.00% Added +1.0m +1,000,000
7 ADVENT CAPITAL MANAGEMENT /DE/ 0.42% of their portfolio NEW YORK, NY 18,985,00019.0m $18.2m $18.2m 0.42% Reduced -4.4m -4,422,000
8 CAMDEN ASSET MANAGEMENT L P /CA 0.35% of their portfolio Los Angeles, CA 14,548,00014.5m $13.6m $13.6m 0.35% Reduced -10.0m -10,000,000
9 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 11,289,00011.3m $10.8m $10.8m 0.02% Reduced -5.8m -5,820,000
10 ABSOLUTE INVESTMENT ADVISERS, LLC 0.97% of their portfolio ROSEMARY BEACH, FL 9,000,0009.0m $8.5m $8.5m 0.97% Unchanged
11 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 8,330,0008.3m $7.9m $7.9m 0.01% Added +4.8m +4,800,000
12 Brandywine Global Investment Management, LLC 0.05% of their portfolio PHILADELPHIA, PA 7,966,0008.0m $7.5m $7.5m 0.05% Reduced -5.0m -5,000,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,925,0007.9m $7.6m $7.6m 0.00% Added +750.0k +750,000
14 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.63% of their portfolio Miamisburg, OH 6,000,0006.0m $5.6m $5.6m 0.63% Unchanged
15 Nicholas Investment Partners, LP 0.40% of their portfolio RANCHO SANTA FE, CA 5,900,0005.9m $5.5m $5.5m 0.40% New
16 Parallax Volatility Advisers, L.P. 0.15% of their portfolio San Francisco, CA 5,000,0005.0m $4.7m $4.7m 0.15% Unchanged
17 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 4,006,0004.0m $3.8m $3.8m 0.00% Added +97.0k +97,000
18 Kohlberg Kravis Roberts & Co. L.P. 0.05% of their portfolio NEW YORK, NY 3,164,0003.2m $3.0m $3.0m 0.05% Added +431.0k +431,000
19 Virtus Fixed Income Advisers, LLC 2.09% of their portfolio HARTFORD, CT 2,950,0003.0m $2.8m $2.8m 2.09% New
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,691,0002.7m $2.5m $2.5m 0.00% Reduced -2.9m -2,860,000
21 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,677,0002.7m $2.5m $2.5m 0.00% Reduced -2.2m -2,196,000
22 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 2,550,0002.5m $2.4m $2.4m 0.00% Added +325.0k +325,000
23 SSI INVESTMENT MANAGEMENT LLC 0.10% of their portfolio Los Angeles, CA 1,650,0001.6m $1.5m $1.5m 0.10% New
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,570,0001.6m $1.5m $1.5m 0.00% Reduced -2.6m -2,562,000
25 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 1,527,0001.5m $1.4m $1.4m 0.00% Reduced -1.6m -1,626,000
26 Pinnacle Holdings, LLC 0.37% of their portfolio TULSA, OK 1,160,0001.2m $1.1m $1.1m 0.37% New
27 Cutler Capital Management, LLC 0.16% of their portfolio WORCESTER, MA 570,000570.0k $534.4k $534.4k 0.16% Unchanged
28 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 500,000500.0k $474.6k $474.6k 0.00% Unchanged
29 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 215,000215.0k $204.1k $204.1k 0.00% Reduced -82.0k -82,000
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 127,000127.0k $119.1k $119.1k 0.00% Unchanged
31 Ares Systematic Credit Ltd 0.08% of their portfolio LONDON, X0 100,000100.0k $95.7k $95.7k 0.08% First filing
32 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 76,00076.0k $72.1k $72.1k 0.00% Added +1.0k +1,000
33 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 75,00075.0k $70.3k $70.3k 0.00% Unchanged
34 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 75,00075.0k $71.0k $71.0k 0.00% New
35 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 46,87546.9k $46.9k $46.9k 0.00% New
36 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 25,00025.0k $23.4k $23.4k 0.00% New
37 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 25,00025.0k $23.4k $23.4k 0.00% New
38 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 16,00016.0k $15.0k $15.0k 0.00% New
39 FIRST HORIZON CORP 0.00% of their portfolio MEMPHIS, TN 15,00015.0k $14.1k $14.1k 0.00% Unchanged
40 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 14,00014.0k $13.1k $13.1k 0.00% Reduced -4.0k -4,000
41 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 11,00011.0k $10.4k $10.4k 0.00% Reduced -2.0k -2,000
42 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 10,00010.0k $9.4k $9.4k 0.00% New
43 COMERICA BANK 0.00% of their portfolio DALLAS, TX 7,0007.0k $6.6k $6.6k 0.00% Reduced -2.0k -2,000
44 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 3,0003.0k $2.8k $2.8k 0.00% Reduced -197.0k -197,000