Western Asset Management Company, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Western Asset Management Company, LLC reported 3 stock positions worth $7.6 million. Its top holding was SS SPDR BB St Hi Yield ETF (SJNK) at 65.7% of the portfolio, followed by Chord Energy (CHRD, 29.0%) and Vaneck JPM Em Local Curr BND (EMLC, 5.3%). Compared with Q2 2024, it opened 1 new position. The biggest buy was a new position in SS SPDR BB St Hi Yield ETF (SJNK).

Most Recent 13F
Q3 2025
Location
Pasadena, CA
CIK
0001138897
Portfolio Value
$7.6M (Q3 2024)
SEC Filing
0001138897-24-000004 ↗ filed Nov 12, 2024

Holdings Value

0$10.0M$20.0M$30.0M$40.0M$50.0M Q1 2024: $14.4M Q1 2024 Q2 2024: $3.2M Q2 2024 Q3 2024: $7.6M $7.6M Q3 2024 Q4 2024: $11.2M Q4 2024 Q1 2025: $6.0M Q1 2025 Q2 2025: $41.5M Q2 2025 Q3 2025: $15.7M Q3 2025

Holdings 3 stocks · $7.6M
SJNK SS SPDR BB St Hi Yield ETF 65.69% 192,650 $5.0M New
CHRD Chord Energy Corp. 29.03% 16,560 $2.2M No change
EMLC Vaneck JPM Em Local Curr BND 5.29% 16,200 $399K No change
Other holdings (8): bonds, preferreds, convertibles and warrants · $89.4M (not counted above)
SecurityClassShares / PrincipalValueChange
DISH NETWORK CORP (DISH 0 12/15/25) NOTE 12/1 · principal 41,533,000$36.6MNo change
DISH NETWORK CORP (DISH 3.375 08/15/26) NOTE 3.375% 8/1 · principal 22,260,000$18.5MNo change
TWO HARBORS INV CORP (TWO 6.25 01/15/26) NOTE 6.250% 1/1 · principal 14,495,000$14.3MReduce -12.4%
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) NOTE 3/1 · principal 10,200,000$8.8MNo change
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 4,965$6.3MNo change
PENNYMAC CORP (PMT 5.5 03/15/26) NOTE 5.500% 3/1 · principal 3,000,000$2.9MNo change
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) NOTE 5.500% 3/1 · principal 2,000,000$1.9MNew
FLYX.WS Eg Acquisition Corp.-A -CW28 *W EXP 99/99/999 192,049$66KReduce -27.1%

Total filed on the 13F, all lines: $96.9M.

Portfolio Sells Q2 2024 → Q3 2024
None this quarter.

Portfolio Buys Q2 2024 → Q3 2024
SJNK SS SPDR BB St Hi Yield ETF New 65.69% +65.69

Notes & Other Activity Q2 2024 → Q3 2024
TWO HARBORS INV CORP (TWO 6.25 01/15/26) NOTE 6.250% 1/1 · principal Reduce -12.4% 14,495,000 $14.3M
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) NOTE 5.500% 3/1 · principal New 2,000,000 $1.9M
FLYX.WS Eg Acquisition Corp.-A -CW28 *W EXP 99/99/999 Reduce -27.1% 192,049 $66K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 4$15.7MSJNK, SHYG, WW, CHRD
Q2 2025 6$41.5MAGG, FLYYQ, SHYG, SJNK, EMLC
Q1 2025 4$6.0MSJNK, CHRD, EMLC, BKLN
Q4 2024 4$11.2MSJNK, BKLN, CHRD, EMLC
Q3 2024 3$7.6MSJNK, CHRD, EMLC
Q2 2024Amended 2$3.2MCHRD, EMLC
Q1 2024 5$14.4MBRY, CHRD, SRLN, HYG, EMLC