Vault-13

WORLD KINECT CORPORATION WKC 3.25 07.01.28

NOTE 3.250% 7/0 · US DOMESTIC · CUSIP 98149GAB6

27 institutional holders -1 vs Q1 2025
134,076134.1k shares reported held*
$398.9mreported value*
4 new 10 added 7 reduced 5 sold out net bought ≈ $10.6m (-117.1k 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 ≈ $2975.27.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q3 24: 30Q4 24: 28Q1 25: 28Q2 25: 2727Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q3 202430
Q4 202428
Q1 202528
Q2 202527

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 24: 10 bought or addedQ4 24: 18 cut or sold outQ4 24Q1 25: 11 bought or addedQ1 25: 11 cut or sold outQ1 25Q2 25: 14 bought or addedQ2 25: 12 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q4 20241018
Q1 20251111
Q2 20251412

Biggest buyers

WOLVERINE ASSET MANAGEMENT LLC Added +8,500,000+8.5m
CAMDEN ASSET MANAGEMENT L P /CA Added +8,000,000+8.0m
Point72 Asset Management, L.P. New +7,500,000+7.5m
ZAZOVE ASSOCIATES LLC New +5,275,000+5.3m
CITADEL ADVISORS LLC Added +4,500,000+4.5m
TWO SIGMA INVESTMENTS, LP Added +2,500,000+2.5m
READYSTATE ASSET MANAGEMENT LP Added +2,500,000+2.5m
Kohlberg Kravis Roberts & Co. L.P. New +2,000,000+2.0m
SHENKMAN CAPITAL MANAGEMENT INC Added +1,852,000+1.9m
Wellesley Asset Management Added +1,627,000+1.6m

Biggest sellers

CSS LLC/IL Sold out -12,221,000-12.2m
Polar Asset Management Partners Inc. Reduced -10,000,000-10.0m
AQR Arbitrage LLC Reduced -7,800,000-7.8m
Union Bancaire Privee, UBP SA Sold out -3,025,000-3.0m
BNP PARIBAS FINANCIAL MARKETS Reduced -1,725,000-1.7m
BANK OF MONTREAL /CAN/ Sold out -1,300,000-1.3m
Jefferies Financial Group Inc. Reduced -1,231,000-1.2m
GOLDMAN SACHS GROUP INC Sold out -1,000,000-1.0m
BANK OF AMERICA CORP /DE/ Sold out -189,000-189.0k
NOMURA HOLDINGS INC Reduced -117,112-117.1k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CAMDEN ASSET MANAGEMENT L P /CA 1.48% of their portfolio Los Angeles, CA 54,350,00054.4m $63.2m $63.2m 1.48% Added +8.0m +8,000,000
2 CITADEL ADVISORS LLC 0.05% of their portfolio MIAMI, FL 49,110,00049.1m $57.2m $57.2m 0.05% Added +4.5m +4,500,000
3 WOLVERINE ASSET MANAGEMENT LLC 0.94% of their portfolio CHICAGO, IL 48,300,00048.3m $56.2m $56.2m 0.94% Added +8.5m +8,500,000
4 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 25,500,00025.5m $29.6m $29.6m 0.05% Added +2.5m +2,500,000
5 AQR Arbitrage LLC 0.60% of their portfolio Greenwich, CT 22,175,00022.2m $25.8m $25.8m 0.60% Reduced -7.8m -7,800,000
6 Polar Asset Management Partners Inc. 0.58% of their portfolio TORONTO, A6 20,000,00020.0m $23.3m $23.3m 0.58% Reduced -10.0m -10,000,000
7 READYSTATE ASSET MANAGEMENT LP 0.88% of their portfolio CHICAGO, IL 18,250,00018.2m $21.3m $21.3m 0.88% Added +2.5m +2,500,000
8 BlackRock, Inc. 0.00% of their portfolio New York, NY 15,260,00015.3m $17.7m $17.7m 0.00% Added +250.0k +250,000
9 Wellesley Asset Management 1.51% of their portfolio PORTSMOUTH, NH 13,397,00013.4m $15.8m $15.8m 1.51% Added +1.6m +1,627,000
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11,110,00011.1m $12.8m $12.8m 0.00% Added +1.5m +1,500,000
11 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 9,000,0009.0m $10.5m $10.5m 0.01% Reduced -1.7m -1,725,000
12 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 7,500,0007.5m $8.7m $8.7m 0.02% New
13 SHENKMAN CAPITAL MANAGEMENT INC 0.83% of their portfolio NEW YORK, NY 7,162,0007.2m $8.3m $8.3m 0.83% Added +1.9m +1,852,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,000,0007.0m $8.2m $8.2m 0.00% Unchanged
15 ARISTEIA CAPITAL, L.L.C. 0.20% of their portfolio GREENWICH, CT 6,000,0006.0m $7.0m $7.0m 0.20% Unchanged
16 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 6,000,0006.0m $7.0m $7.0m 0.03% Reduced -103.0k -103,000
17 ZAZOVE ASSOCIATES LLC 0.50% of their portfolio INCLINE VILLAGE, NV 5,275,0005.3m $6.1m $6.1m 0.50% New
18 FMR LLC 0.00% of their portfolio BOSTON, MA 4,483,0004.5m $5.2m $5.2m 0.00% Unchanged
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,781,0003.8m $4.4m $4.4m 0.00% Reduced -73.0k -73,000
20 Kohlberg Kravis Roberts & Co. L.P. 0.05% of their portfolio NEW YORK, NY 2,000,0002.0m $2.3m $2.3m 0.05% New
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,463,0001.5m $1.7m $1.7m 0.00% New
22 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,000,0001.0m $1.2m $1.2m 0.01% Unchanged
23 PALISADE CAPITAL MANAGEMENT, LP 0.02% of their portfolio FORT LEE, NJ 750,000750.0k $871.4k $871.4k 0.02% Unchanged
24 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 556,000556.0k $646.9k $646.9k 0.00% Added +110.0k +110,000
25 NOMURA HOLDINGS INC 0.03% of their portfolio TOKYO, M0 134,076134.1k $3.8m $3.8m 0.03% Reduced -117.1k -117,112
26 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 81,00081.0k $94.2k $94.2k 0.00% Reduced -1.2m -1,231,000
27 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged