Western Asset Management Company, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Western Asset Management Company, LLC reported 4 stock positions worth $11.2 million. Its top holding was SS SPDR BB St Hi Yield ETF (SJNK) at 43.5% of the portfolio, followed by Invesco Senior Loan ETF (BKLN, 37.7%) and Chord Energy (CHRD, 15.4%). Compared with Q3 2024, it opened 1 new position and reduced 1. The biggest buy was a new position in Invesco Senior Loan ETF (BKLN) and the biggest sale Chord Energy (CHRD, shares −11%).

Most Recent 13F
Q3 2025
Location
Pasadena, CA
CIK
0001138897
Portfolio Value
$11.2M (Q4 2024)
SEC Filing
0001138897-25-000001 ↗ filed Feb 12, 2025

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 Q3 2024 Q4 2024: $11.2M $11.2M Q4 2024 Q1 2025: $6.0M Q1 2025 Q2 2025: $41.5M Q2 2025 Q3 2025: $15.7M Q3 2025

Holdings 4 stocks · $11.2M
SJNK SS SPDR BB St Hi Yield ETF 43.52% 192,650 $4.9M No change
BKLN Invesco Senior Loan ETF 37.70% 200,000 $4.2M New
CHRD Chord Energy Corp. 15.44% 14,760 $1.7M Reduce -10.9%
EMLC Vaneck JPM Em Local Curr BND 3.35% 16,200 $374K No change
Other holdings (6): bonds, preferreds, convertibles and warrants · $51.8M (not counted above)
SecurityClassShares / PrincipalValueChange
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal 20,453,280$21.6MNew
TWO HARBORS INV CORP (TWO 6.25 01/15/26) NOTE 6.250% 1/1 · principal 14,055,000$13.8MReduce -3.0%
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) NOTE 3/1 · principal 7,730,000$6.6MReduce -24.2%
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 4,965$5.9MNo change
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) NOTE 5.500% 3/1 · principal 2,000,000$1.9MNo change
PENNYMAC CORP (PMT 5.5 03/15/26) NOTE 5.500% 3/1 · principal 1,930,000$1.9MReduce -35.7%

Total filed on the 13F, all lines: $63.0M.

Portfolio Sells Q3 2024 → Q4 2024
CHRD Chord Energy Corp. Reduce -10.9% 15.44% −13.59

Portfolio Buys Q3 2024 → Q4 2024
BKLN Invesco Senior Loan ETF New 37.70% +37.70

Notes & Other Activity Q3 2024 → Q4 2024
DISH NETWORK CORP (DISH 0 12/15/25) NOTE 12/1 · principal Sold out 41,533,000 $36.6Mbefore exit
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal New 20,453,280 $21.6M
DISH NETWORK CORP (DISH 3.375 08/15/26) NOTE 3.375% 8/1 · principal Sold out 22,260,000 $18.5Mbefore exit
TWO HARBORS INV CORP (TWO 6.25 01/15/26) NOTE 6.250% 1/1 · principal Reduce -3.0% 14,055,000 $13.8M
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) NOTE 3/1 · principal Reduce -24.2% 7,730,000 $6.6M
PENNYMAC CORP (PMT 5.5 03/15/26) NOTE 5.500% 3/1 · principal Reduce -35.7% 1,930,000 $1.9M
FLYX.WS Eg Acquisition Corp.-A -CW28 *W EXP 99/99/999 Sold out 192,049 $66Kbefore exit

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