XEROX HOLDINGS CORP XRX 3.75 03.15.30

NOTE 3.750% 3/1 · US DOMESTIC · CUSIP 98421MAE6

22 institutional holders -4 vs Q2 2025

$302.0mprincipal reported held*

$144.1mreported value*

1 new 5 added 3 reduced 4 sold out net sold ≈ $2.9m

* 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.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

Numbers

Quarter	Holders
Q1 2025	29
Q2 2025	26
Q3 2025	22

Buyers vs sellers

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

Bought or addedCut or sold out

Numbers

Quarter	Bought or added	Cut or sold out
Q2 2025	9	10
Q3 2025	6	7

Biggest buyers

Arena Capital Advisors, LLC- CA	New	+9,500,000+9.5m
Sculptor Capital LP	Added	+5,325,000+5.3m
Walleye Capital LLC	Added	+2,775,000+2.8m
CITIGROUP INC	Added	+2,305,000+2.3m
CAMDEN ASSET MANAGEMENT L P /CA	Added	+2,000,000+2.0m
BANK OF AMERICA CORP /DE/	Added	+1,446,000+1.4m

Biggest sellers

Thrivent Financial for Lutherans	Sold out	-9,506,000-9.5m
JANE STREET GROUP, LLC	Sold out	-9,100,000-9.1m
MILLENNIUM MANAGEMENT LLC	Reduced	-8,000,000-8.0m
LMR Partners LLP	Reduced	-1,724,000-1.7m
CSS LLC/IL	Reduced	-1,000,000-1.0m
AMERICAN CENTURY COMPANIES INC	Sold out	-136,000-136.0k
Context Capital Management, LLC	Sold out	-2,000-2.0k

Holders, Q3 2025

#	Manager	Location	Shares	Value	% of their portfolio	Change	Shares change
1	CAMDEN ASSET MANAGEMENT L P /CA 0.68% of their portfolio	Los Angeles, CA	65,650,00065.7m $30.8m	$30.8m	0.68%	Added +2.0m	+2,000,000
2	WHITEBOX ADVISORS LLC 0.39% of their portfolio	MINNEAPOLIS, MN	44,600,00044.6m $21.0m	$21.0m	0.39%	Unchanged
3	DLD Asset Management, LP 2.03% of their portfolio	NEW YORK, NY	33,500,00033.5m $15.7m	$15.7m	2.03%	Unchanged
4	LMR Partners LLP 0.16% of their portfolio	LONDON, X0	25,000,00025.0m $12.2m	$12.2m	0.16%	Reduced -1.7m	-1,724,000
5	Sculptor Capital LP 0.13% of their portfolio	New York, NY	20,000,00020.0m $9.2m	$9.2m	0.13%	Added +5.3m	+5,325,000
6	Calamos Advisors LLC 0.03% of their portfolio	NAPERVILLE, IL	15,000,00015.0m $7.3m	$7.3m	0.03%	Unchanged
7	MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio	NEW YORK, NY	13,280,00013.3m $6.4m	$6.4m	0.01%	Reduced -8.0m	-8,000,000
8	HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio	TORONTO, A6	12,500,00012.5m $6.0m	$6.0m	0.01%	Unchanged
9	Walleye Capital LLC 0.04% of their portfolio	NEW YORK, NY	11,275,00011.3m $5.2m	$5.2m	0.04%	Added +2.8m	+2,775,000
10	Arena Capital Advisors, LLC- CA 1.82% of their portfolio	LOS ANGELES, CA	9,500,0009.5m $4.4m	$4.4m	1.82%	New
11	STATE STREET CORP 0.00% of their portfolio	BOSTON, MA	8,200,0008.2m $4.0m	$4.0m	0.00%	Unchanged
12	EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.31% of their portfolio	Miamisburg, OH	6,000,0006.0m $2.7m	$2.7m	0.31%	Unchanged
13	Paloma Partners Management Co 0.58% of their portfolio	GREENWICH, CT	6,000,0006.0m $2.9m	$2.9m	0.58%	Unchanged
14	BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio	PARIS, I0	6,000,0006.0m $2.7m	$2.7m	0.00%	Unchanged
15	BANK OF AMERICA CORP /DE/ 0.00% of their portfolio	CHARLOTTE, NC	5,317,0005.3m $2.4m	$2.4m	0.00%	Added +1.4m	+1,446,000
16	DEUTSCHE BANK AG\ 0.00% of their portfolio	FRANKFURT AM MAIN, 2M	5,100,0005.1m $2.3m	$2.3m	0.00%	Unchanged
17	CSS LLC/IL 0.13% of their portfolio	CHICAGO, IL	4,950,0005.0m $2.3m	$2.3m	0.13%	Reduced -1.0m	-1,000,000
18	BlackRock, Inc. 0.00% of their portfolio	New York, NY	3,950,0004.0m $1.8m	$1.8m	0.00%	Unchanged
19	CITIGROUP INC 0.00% of their portfolio	NEW YORK, NY	3,657,0003.7m $1.6m	$1.6m	0.00%	Added +2.3m	+2,305,000
20	FMR LLC 0.00% of their portfolio	BOSTON, MA	2,000,0002.0m $962.0k	$962.0k	0.00%	Unchanged
21	Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio	FRANKFURT AM MAIN, 2M	500,000500.0k $245.7k	$245.7k	0.00%	Unchanged
22	Chicago Capital Management, LLC 1.75% of their portfolio	CHICAGO, IL	4,0004.0k $2.0m	$2.0m	1.75%	Unchanged