Western Asset Management Company, LLC

Name: Western Asset Management Company, LLC 13F holdings, Q2 2025
Creator: Western Asset Management Company, LLC
Published: 2025-08-12

Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Western Asset Management Company, LLC reported 6 stock positions worth $41.5 million. Its top holding was iShares Core U.S. Aggregate (AGG) at 49.8% of the portfolio, followed by Spirit Aviation (FLYYQ, 17.5%) and iShares 0-5 YR HY Corp. Bond (SHYG, 17.2%). Compared with Q1 2025, it opened 3 new positions, sold out of 1 and added to 1. The biggest buy was a new position in iShares Core U.S. Aggregate (AGG) and the biggest sale an exit from Invesco Senior Loan ETF (BKLN).

Most Recent 13F: Q3 2025
Location: Pasadena, CA
CIK: 0001138897
Portfolio Value: $41.5M (Q2 2025)
SEC Filing: 0001138897-25-000004 ↗ filed Aug 12, 2025

Holdings Value

Holdings 6 stocks · $41.5M


AGG iShares Core U.S. Aggregate	49.78%	208,047	$20.6M	New
FLYYQ Spirit Aviation Holdings Inc.	17.54%	1,456,966	$7.3M	New
SHYG iShares 0-5 YR HY Corp. Bond	17.20%	165,300	$7.1M	New
SJNK SS SPDR BB St Hi Yield ETF	13.60%	221,350	$5.6M	Add +14.9%
EMLC Vaneck JPM Em Local Curr BND	0.99%	16,200	$411K	No change
CHRD Chord Energy Corp.	0.89%	3,805	$369K	No change

Other holdings (6): bonds, preferreds, convertibles and warrants · $34.9M (not counted above)

Security	Class	Shares / Principal	Value	Change
TWO HARBORS INV CORP (TWO 6.25 01/15/26)	NOTE 6.250% 1/1 · principal	16,055,000	$15.9M	No change
ECHOSTAR CORP (ECHO 3.875 11/30/30)	NOTE 3.875%11/3 · principal	5,358,830	$6.3M	Reduce -45.1%
WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	4,965	$5.8M	No change
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28)	NOTE 3/1 · principal	4,700,000	$4.2M	Reduce -17.4%
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27)	NOTE 5.500% 3/1 · principal	2,000,000	$2.0M	No change
BLOOM ENERGY CORP (BE 3 06/01/29)	NOTE 3.000% 6/0 · principal	430,000	$607K	New

Total filed on the 13F, all lines: $76.3M.

Portfolio Sells Q1 2025 → Q2 2025


BKLN Invesco Senior Loan ETF	Sold out	0.00%	−4.87

Portfolio Buys Q1 2025 → Q2 2025


AGG iShares Core U.S. Aggregate	New	49.78%	+49.78
FLYYQ Spirit Aviation Holdings Inc.	New	17.54%	+17.54
SHYG iShares 0-5 YR HY Corp. Bond	New	17.20%	+17.20
SJNK SS SPDR BB St Hi Yield ETF	Add +14.9%	13.60%	−67.83

Notes & Other Activity Q1 2025 → Q2 2025


ECHOSTAR CORP (ECHO 3.875 11/30/30)	NOTE 3.875%11/3 · principal	Reduce -45.1%	5,358,830	$6.3M
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28)	NOTE 3/1 · principal	Reduce -17.4%	4,700,000	$4.2M
PENNYMAC CORP (PMT 5.5 03/15/26)	NOTE 5.500% 3/1 · principal	Sold out	1,930,000	$1.9Mbefore exit
BLOOM ENERGY CORP (BE 3 06/01/29)	NOTE 3.000% 6/0 · principal	New	430,000	$607K

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

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q3 2025	4	$15.7M	SJNK, SHYG, WW, CHRD
Q2 2025	6	$41.5M	AGG, FLYYQ, SHYG, SJNK, EMLC
Q1 2025	4	$6.0M	SJNK, CHRD, EMLC, BKLN
Q4 2024	4	$11.2M	SJNK, BKLN, CHRD, EMLC
Q3 2024	3	$7.6M	SJNK, CHRD, EMLC
Q2 2024Amended	2	$3.2M	CHRD, EMLC
Q1 2024	5	$14.4M	BRY, CHRD, SRLN, HYG, EMLC