Western Asset Management Company, LLC Historical SEC 13F Holdings &amp; Archive (Q3 2025)

Trim ECHO 3.875 11-30-30
-81.3%　-$8.5M
Add SJNK
+13.5%　$1.6M
Add TWO 6.25 01-15-26
0.0%　-$29.9K
Add WFC 7.5 PERP L
0.0%　$166.3K
Add BXMT 5.5 03-15-27
0.0%　-$12.2K
Trim CHRD
0.0%　-$50.8K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

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#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	TWO 6.25 01-15-26Bond	Two Harbors Inv CORP	Bond	35.35%	+1.79%	—
2	SJNK	Ss Spdr Bb St Hi Yield ETF	ETF-Other	14.24%	+4.08%	+13.54%
3	WFC 7.5 PERP LBond	Wells Fargo & Company	Bond	13.56%	+1.06%	—
4	SHYG	Ishares 0-5 Yr Hy CORP Bond	ETF-Corp Bonds	10.86%	+10.86%	NEW
5	WW	Ww International Inc-new	Stock-Other	8.72%	+8.72%	NEW
6	ECHO 3.875 11-30-30Bond	Echostar CORP	Bond	5.45%	-17.46%	-81.34%
7	BXMT 5.5 03-15-27Bond	Blackstone Mortgage Tr	Bond	4.28%	+0.20%	—
8	NCLH 1.125 02-15-27Bond	Ncl Corporation LTD	Bond	3.41%	+3.41%	NEW
9	AVAV 0 07-15-30Bond	Aerovironment Inc	Bond	3.30%	+3.30%	NEW
10	CHRD	Chord Energy CORP	Stock-Energy	0.84%	-0.06%	—

Note: Data on this page is curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, dedicated to providing accurate insider trading and institutional portfolio reports. Please credit the source when reposting.

Portfolio Performance

Performance for Q3 2026

—

Performance Last 4 Quarters

-2.1%

Based on 3 months of available history

Based on 35% of reported portfolio value with available pricing

Stdev: +6.1%
Beta: -0.85
Alpha: +12.8%
Max Drawdown: 0%
Annualized Perf: -8.2%
Batting Avg vs S&P: +33.3%
Sortino: -1.54
Stutzer: —
Treynor: +0.1
Sterling: —
Calmar: —
Information Ratio: -2.89
Tracking Error: +11.5%
Stdev Down: +5.5%
Winning Months %: +66.7%
Losing Months %: +33.3%
Best 12 Months: —
Worst 12 Months: —
Efficiency Ratio: +0.63
Sharpe: -1.38
Stdev Sectors: +13%
Skewness: -0.69
Kurtosis: -1.5
Upside Potential: +0.46

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2025 Q3	10	$45.2M	49	1TWO 6.25 01-15-262SJNK3WFC 7.5 PERP L Top holdings2025 Q3 1.TWO 6.25 01-15-26 2.SJNK 3.WFC 7.5 PERP L 4.SHYG 5.WW 6.ECHO 3.875 11-30-30 7.BXMT 5.5 03-15-27 8.NCLH 1.125 02-15-27 9.AVAV 0 07-15-30 10.CHRD
2025 Q2	12	$76.3M	0	1AGG2TWO 6.25 01-15-263FLYYQ Top holdings2025 Q2 1.AGG 2.TWO 6.25 01-15-26 3.FLYYQ 4.SHYG 5.ECHO 3.875 11-30-30 6.WFC 7.5 PERP L 7.SJNK 8.DKNG 0 03-15-28 9.BXMT 5.5 03-15-27 10.BE 3 06-01-29
2025 Q1	10	$47.7M	100	1TWO 6.25 01-15-262ECHO 3.875 11-30-303WFC 7.5 PERP L Top holdings2025 Q1 1.TWO 6.25 01-15-26 2.ECHO 3.875 11-30-30 3.WFC 7.5 PERP L 4.DKNG 0 03-15-28 5.SJNK 6.BXMT 5.5 03-15-27 7.PMT 5.5 03-15-26 8.CHRD 9.EMLC 10.BKLN
2024 Q4	10	$63.0M	0	1ECHO 3.875 11-30-302TWO 6.25 01-15-263DKNG 0 03-15-28 Top holdings2024 Q4 1.ECHO 3.875 11-30-30 2.TWO 6.25 01-15-26 3.DKNG 0 03-15-28 4.WFC 7.5 PERP L 5.SJNK 6.BKLN 7.BXMT 5.5 03-15-27 8.PMT 5.5 03-15-26 9.CHRD 10.EMLC
2024 Q3	11	$96.9M	0	1DISH 0 12-15-252DISH 3.375 08-15-263TWO 6.25 01-15-26 Top holdings2024 Q3 1.DISH 0 12-15-25 2.DISH 3.375 08-15-26 3.TWO 6.25 01-15-26 4.DKNG 0 03-15-28 5.WFC 7.5 PERP L 6.SJNK 7.PMT 5.5 03-15-26 8.CHRD 9.BXMT 5.5 03-15-27 10.EMLC
2024 Q2	9	$81.3M	0	1DISH 0 12-15-252TWO 6.25 01-15-263DISH 3.375 08-15-26 Top holdings2024 Q2 1.DISH 0 12-15-25 2.TWO 6.25 01-15-26 3.DISH 3.375 08-15-26 4.DKNG 0 03-15-28 5.WFC 7.5 PERP L 6.PMT 5.5 03-15-26 7.CHRD 8.EMLC 9.FLYX-WS
2024 Q1	14	$104.6M	0	1DISH 0 12-15-252DKNG 0 03-15-283TWO 6.25 01-15-26 Top holdings2024 Q1 1.DISH 0 12-15-25 2.DKNG 0 03-15-28 3.TWO 6.25 01-15-26 4.DISH 3.375 08-15-26 5.BRY 6.WFC 7.5 PERP L 7.CHRD 8.PMT 5.5 03-15-26 9.SRLN 10.PMT 5.5 11-01-24
2023 Q4	16	$152.1M	0	1DISH 2.375 03-15-242DISH 0 12-15-253DKNG 0 03-15-28 Top holdings2023 Q4 1.DISH 2.375 03-15-24 2.DISH 0 12-15-25 3.DKNG 0 03-15-28 4.TWO 6.25 01-15-26 5.DISH 3.375 08-15-26 6.BRY 7.AGG 8.WFC 7.5 PERP L 9.SAVE 1 05-15-26 10.CHRD
2023 Q3	20	$219.6M	0	1EMLC2DISH 2.375 03-15-243DISH 0 12-15-25 Top holdings2023 Q3 1.EMLC 2.DISH 2.375 03-15-24 3.DISH 0 12-15-25 4.DISH 3.375 08-15-26 5.DKNG 0 03-15-28 6.TWO 6.25 01-15-26 7.QQQ 8.SAVE 1 05-15-26 9.BRY 10.WFC 7.5 PERP L
2023 Q2	20	$223.4M	0	1EMLC2DISH 2.375 03-15-243DISH 0 12-15-25 Top holdings2023 Q2 1.EMLC 2.DISH 2.375 03-15-24 3.DISH 0 12-15-25 4.DKNG 0 03-15-28 5.BKLN 6.DISH 3.375 08-15-26 7.TWO 6.25 01-15-26 8.QQQ 9.SAVE 1 05-15-26 10.WFC 7.5 PERP L
2023 Q1	19	$208.6M	0	1EMLC2DISH 2.375 03-15-243DISH 0 12-15-25 Top holdings2023 Q1 1.EMLC 2.DISH 2.375 03-15-24 3.DISH 0 12-15-25 4.DISH 3.375 08-15-26 5.DKNG 0 03-15-28 6.TWO 6.25 01-15-26 7.ARI 5.375 10-15-23 8.QQQ 9.SAVE 1 05-15-26 10.BRY
2022 Q4	23	$229.7M	0	1EMLC2DISH 2.375 03-15-243DISH 3.375 08-15-26 Top holdings2022 Q4 1.EMLC 2.DISH 2.375 03-15-24 3.DISH 3.375 08-15-26 4.DISH 0 12-15-25 5.DKNG 0 03-15-28 6.SAVE 1 05-15-26 7.ARI 5.375 10-15-23 8.TWO 6.25 01-15-26 9.QQQ 10.BRY
2022 Q3	24	$222.8M	0	1EMLC2DISH 3.375 08-15-263DISH 2.375 03-15-24 Top holdings2022 Q3 1.EMLC 2.DISH 3.375 08-15-26 3.DISH 2.375 03-15-24 4.DKNG 0 03-15-28 5.ARI 5.375 10-15-23 6.SAVE 1 05-15-26 7.BXMT 5.5 03-15-27 8.BRY 9.QQQ 10.WFC 7.5 PERP L
2022 Q2	25	$233.1M	0	1EMLC2DISH 3.375 08-15-263ARI 4.75 08-23-22 Top holdings2022 Q2 1.EMLC 2.DISH 3.375 08-15-26 3.ARI 4.75 08-23-22 4.DKNG 0 03-15-28 5.SAVE 1 05-15-26 6.BXMT 5.5 03-15-27 7.BRY 8.DISH 2.375 03-15-24 9.QQQ 10.WFC 7.5 PERP L
2022 Q1	29	$339.0M	0	1EMLC2DISH 3.375 08-15-263BXMT 4.375 05-05-22 Top holdings2022 Q1 1.EMLC 2.DISH 3.375 08-15-26 3.BXMT 4.375 05-05-22 4.SAVE 1 05-15-26 5.DKNG 0 03-15-28 6.ARI 4.75 08-23-22 7.HALO 0.25 03-01-27 8.BRY 9.QQQ 10.WFC 7.5 PERP L
2021 Q4	25	$1.3B	0	1LQD 2EMLC3DISH 3.375 08-15-26 Top holdings2021 Q4 1.LQD 2.EMLC 3.DISH 3.375 08-15-26 4.BXMT 4.375 05-05-22 5.SAVE 1 05-15-26 6.ARI 4.75 08-23-22 7.BRY 8.WFC 7.5 PERP L 9.SRLN 10.GPMT 6.375 10-01-23
2021 Q3	28	$1.4B	0	1LQD 2EMLC3DISH 3.375 08-15-26 Top holdings2021 Q3 1.LQD 2.EMLC 3.DISH 3.375 08-15-26 4.BXMT 4.375 05-05-22 5.SAVE 1 05-15-26 6.ARI 4.75 08-23-22 7.ARI 5.375 10-15-23 8.SRLN 9.BRY 10.CHRD
2021 Q2	23	$1.4B	100	1LQD2ARI 4.75 08-23-223DISH 3.375 08-15-26 Top holdings2021 Q2 1.LQD 2.ARI 4.75 08-23-22 3.DISH 3.375 08-15-26 4.BXMT 4.375 05-05-22 5.LNG 4.25 03-15-45 6.EMLC 7.PDCE 1.125 09-15-21 8.ARI 5.375 10-15-23 9.SRLN 10.26846A
2021 Q1	23	$1.4B	26	1LQD2ARI 4.75 08-23-223BXMT 4.375 05-05-22 Top holdings2021 Q1 1.LQD 2.ARI 4.75 08-23-22 3.BXMT 4.375 05-05-22 4.DISH 3.375 08-15-26 5.LNG 4.25 03-15-45 6.EMLC 7.PDCE 1.125 09-15-21 8.ARI 5.375 10-15-23 9.BRY 10.SRLN
2020 Q4	25	$1.6B	39	1LQD2BXMT 4.375 05-05-223ARI 4.75 08-23-22 Top holdings2020 Q4 1.LQD 2.BXMT 4.375 05-05-22 3.ARI 4.75 08-23-22 4.PDCE 1.125 09-15-21 5.DISH 3.375 08-15-26 6.CHRD 7.LNG 4.25 03-15-45 8.JNK 9.BKLN 10.BXMT 4.75 03-15-23
2020 Q3	23	$1.2B	52	1LQD2BXMT 4.375 05-05-223DISH 3.375 08-15-26 Top holdings2020 Q3 1.LQD 2.BXMT 4.375 05-05-22 3.DISH 3.375 08-15-26 4.TEVA 0.25 02-01-26 C 5.VCIT 6.ARI 4.75 08-23-22 7.PDCE 1.125 09-15-21 8.JNK 9.VSH 2.25 06-15-25 10.LNG 4.25 03-15-45
2020 Q2	263	$734.0M	100	1LQD2TEVA 0.25 02-01-26 C3DISH 3.375 08-15-26 Top holdings2020 Q2 1.LQD 2.TEVA 0.25 02-01-26 C 3.DISH 3.375 08-15-26 4.VCIT 5.VSH 2.25 06-15-25 6.JNK 7.SJNK 8.BRY 9.BXMT 4.375 05-05-22 10.LNG 4.25 03-15-45
2020 Q1	75	$124.2M	81	1TEVA 0.25 02-01-26 C2DISH 3.375 08-15-263VSH 2.25 06-15-25 Top holdings2020 Q1 1.TEVA 0.25 02-01-26 C 2.DISH 3.375 08-15-26 3.VSH 2.25 06-15-25 4.BKLN 5.DISH 2.375 03-15-24 6.LNG 4.25 03-15-45 7.BRY 8.JAZZ 1.5 08-15-24 9.SJNK 10.WFC
2019 Q4	23	$251.5M	50	1BKLN2TEVA 0.25 02-01-26 C3DISH 2.375 03-15-24 Top holdings2019 Q4 1.BKLN 2.TEVA 0.25 02-01-26 C 3.DISH 2.375 03-15-24 4.DISH 3.375 08-15-26 5.BRY 6.VSH 2.25 06-15-25 7.SJNK 8.LNG 4.25 03-15-45 9.MR 10.EVH 1.5 10-15-25
2019 Q3	21	$185.2M	78	1BKLN 2BRY3VSH 2.25 06-15-25 Top holdings2019 Q3 1.BKLN 2.BRY 3.VSH 2.25 06-15-25 4.DISH 2.375 03-15-24 5.DISH 3.375 08-15-26 6.TEVA 0.25 02-01-26 C 7.EXE 5.5 09-15-26 8.LNG 4.25 03-15-45 9.SJNK 10.MR
2019 Q2	18	$176.6M	55	1BRY2DISH 2.375 03-15-243WLL 1.25 04-01-20 Top holdings2019 Q2 1.BRY 2.DISH 2.375 03-15-24 3.WLL 1.25 04-01-20 4.DISH 3.375 08-15-26 5.TWTR 1 09-15-21 6.SJNK 7.MR 8.TEVA 0.25 02-01-26 C 9.LNG 4.25 03-15-45 10.EXE 5.5 09-15-26
2019 Q1	13	$143.5M	79	1BRY2DISH 2.375 03-15-243TWTR 1 09-15-21 Top holdings2019 Q1 1.BRY 2.DISH 2.375 03-15-24 3.TWTR 1 09-15-21 4.DISH 3.375 08-15-26 5.EXE 5.5 09-15-26 6.LNG 4.25 03-15-45 7.QNDX 8.WLL 1.25 04-01-20 9.SJNK 10.BKLN
2018 Q4	22	$93.4M	38	1DISH 2.375 03-15-242TWTR 1 09-15-213BKLN Top holdings2018 Q4 1.DISH 2.375 03-15-24 2.TWTR 1 09-15-21 3.BKLN 4.DISH 3.375 08-15-26 5.EXE 5.5 09-15-26 6.LNG 4.25 03-15-45 7.SJNK 8.WLL 1.25 04-01-20 9.XOPUSD 10.HIX
2018 Q3	17	$10.1M	34	1DISH 2.375 03-15-242TWTR 1 09-15-213JAZZ 1.5 08-15-24 Top holdings2018 Q3 1.DISH 2.375 03-15-24 2.TWTR 1 09-15-21 3.JAZZ 1.5 08-15-24 4.BKLN 5.DISH 3.375 08-15-26 6.EXE 5.5 09-15-26 7.LNG 4.25 03-15-45 8.IIVI 0.5 12-15-36 9.SJNK 10.WLL 1.25 04-01-20
2018 Q2	20	$97.3M	100	1DISH 2.375 03-15-242TWTR 1 09-15-213BKLN Top holdings2018 Q2 1.DISH 2.375 03-15-24 2.TWTR 1 09-15-21 3.BKLN 4.DISH 3.375 08-15-26 5.EXE 5.5 09-15-26 6.LNG 4.25 03-15-45 7.SJNK 8.WLL 1.25 04-01-20 9.SNEUR 10.LINTA 3.75 02-15-30
2018 Q1	19	$238.1M	46	173936Q2WLL 1.25 04-01-203SJNK Top holdings2018 Q1 1.73936Q 2.WLL 1.25 04-01-20 3.SJNK 4.TWTR 1 09-15-21 5.DISH 3.375 08-15-26 6.DISH 2.375 03-15-24 7.EXE 5.5 09-15-26 8.CRK 7.75 04-01-19 * 9.AAL 10.SNEUR
2017 Q4	20	$221.2M	68	173936Q2SJNK3WLL 1.25 04-01-20 Top holdings2017 Q4 1.73936Q 2.SJNK 3.WLL 1.25 04-01-20 4.VST 5.DISH 3.375 08-15-26 6.EFII 0.75 09-01-19 7.VRNT 1.5 06-01-21 8.CRK 7.75 04-01-19 * 9.SNEUR 10.SEMGUSD
2017 Q3	62	$219.3M	73	173936Q2WLL 1.25 04-01-203CHRD 2.625 09-15-23 Top holdings2017 Q3 1.73936Q 2.WLL 1.25 04-01-20 3.CHRD 2.625 09-15-23 4.VST 5.VRSUSD 6.SEMGUSD 7.AAL 8.SNEUR 9.PTEN 10.LINTA 3.75 02-15-30
2017 Q2	26	$420.8M	54	173936Q2NWG V8.625 PERP *3G0177J Top holdings2017 Q2 1.73936Q 2.NWG V8.625 PERP * 3.G0177J 4.LLOYDS V7.5 PERP * 5.HSBC V6.375 PERP 6.WLL 1.25 04-01-20 7.WBMD 2.625 06-15-23 8.VST 9.CHRD 2.625 09-15-23 10.VRSUSD
2017 Q1	28	$359.8M	58	173936Q2NWG V8.625 PERP **3LLOYDS V7.5 PERP Top holdings2017 Q1 1.73936Q 2.NWG V8.625 PERP *** 3.LLOYDS V7.5 PERP * 4.HYG 5.HSBC V6.375 PERP 6.WLL 1.25 04-01-20 7.AKAM 0 02-15-19 8.VRSUSD 9.BACR V8.25 PERP 10.QNDX
2016 Q4	25	$442.4M	35	173936Q2NWG V8.625 PERP **3LLOYDS V7.5 PERP Top holdings2016 Q4 1.73936Q 2.NWG V8.625 PERP *** 3.LLOYDS V7.5 PERP * 4.HSBC V6.375 PERP 5.ENBCN V6 01-15-77 16-A 6.VRSUSD 7.BACR V8.25 PERP 8.MU 3 11-15-43 G 9.BABA 10.C
2016 Q3	25	$532.7M	100	173936Q2NWG V8.625 PERP *3HSBC V6.375 PERP Top holdings2016 Q3 1.73936Q 2.NWG V8.625 PERP * 3.HSBC V6.375 PERP 4.73935S 5.LLOYDS V7.5 PERP * 6.C 7.WFC 8.AMD 2.125 09-01-26 9.CHRD 2.625 09-15-23 10.VRSUSD
2016 Q2	22	$219.2M	99	1HSBC V6.375 PERP273935S3C Top holdings2016 Q2 1.HSBC V6.375 PERP 2.73935S 3.C 4.73936Q 5.HYG 6.SJNK 7.LLOYDS V7.5 PERP * 8.JPM 9.BACR V8.25 PERP 10.PFF
2016 Q1	70	$147.1M	78	1C2E1R845373935S Top holdings2016 Q1 1.C 2.E1R845 3.73935S 4.JPM 5.HYG 6.PFF 7.427093 8.SEMGUSD 9.AAL 10.73936Q
2015 Q4	14	$101.2M	24	1C 2JPM 3HEESEUR Top holdings2015 Q4 1.C 2.JPM 3.HEESEUR 4.LINTA 3.75 02-15-30 5.PFF 6.427093 7.LINTA 4 11-15-29 8.SEMGUSD 9.AAL 10.DHS
2015 Q3	33	$113.9M	19	1C 2JPM 3F Top holdings2015 Q3 1.C 2.JPM 3.F 4.HEESEUR 5.LINTA 3.75 02-15-30 6.PFF 7.SEMGUSD 8.LINTA 4 11-15-29 9.EXE 2.75 11-15-35 10.VIPS
2015 Q2	14	$123.9M	35	1C 2JPM 3F Top holdings2015 Q2 1.C 2.JPM 3.F 4.HEESEUR 5.LINTA 3.75 02-15-30 6.HYG 7.SEMGUSD 8.LINTA 4 11-15-29 9.EXE 2.75 11-15-35 10.RFPUSD
2015 Q1	18	$153.8M	48	1C 2HYG 3JPM Top holdings2015 Q1 1.C 2.HYG 3.JPM 4.F 5.GM 6.LINTA 3.75 02-15-30 7.MFC 8.SEMGUSD 9.LINTA 4 11-15-29 10.HEESEUR
2014 Q4	18	$230.2M	66	1HYG 2C 3JPM Top holdings2014 Q4 1.HYG 2.C 3.JPM 4.F 5.LYB 6.LINTA 3.75 02-15-30 7.MFC 8.SEMGUSD 9.LINTA 4 11-15-29 10.EXE 2.75 11-15-35
2014 Q3	20	$141.0M	10	1C 2JPM 3LYB Top holdings2014 Q3 1.C 2.JPM 3.LYB 4.F 5.75605Y 6.LINTA 3.75 02-15-30 7.SEMGUSD 8.MFC 9.VOD 10.LINTA 4 11-15-29
2014 Q2	21	$142.3M	26	1C 2JPM 3LYB Top holdings2014 Q2 1.C 2.JPM 3.LYB 4.F 5.75605Y 6.LINTA 3.75 02-15-30 7.MT 8.SEMGUSD 9.BAC 10.LINTA 4 11-15-29
2014 Q1	23	$130.9M	21	1C275605Y3LYB Top holdings2014 Q1 1.C 2.75605Y 3.LYB 4.F 5.LINTA 3.75 02-15-30 6.MT 7.SEMGUSD 8.656559 9.LINTA 4 11-15-29 10.FCX
2013 Q4	20	$121.4M	13	1C275605Y3LYB Top holdings2013 Q4 1.C 2.75605Y 3.LYB 4.MT 5.LINTA 3.75 02-15-30 6.TWGP 5 09-15-14 7.SEMGUSD 8.656559 9.LINTA 4 11-15-29 10.WLHUSD
2013 Q3	21	$117.6M	34	1C275605Y3LYB Top holdings2013 Q3 1.C 2.75605Y 3.LYB 4.LINTA 3.75 02-15-30 5.SEMGUSD 6.656559 7.LINTA 4 11-15-29 8.EXE 2.75 11-15-35 9.WLHUSD 10.BTU 4.75 12-15-41
2013 Q2	20	$134.8M	0	1C275605Y3LYB Top holdings2013 Q2 1.C 2.75605Y 3.LYB 4.81663A 5.STWD 4.55 03-01-18 6.LINTA 4 11-15-29 7.SEMGUSD 8.WLHUSD 9.656559 10.EXE 2.75 11-15-35

Holding changes this quarter

Western Asset Management Company, LLC's most significant position changes for 2025-09-30: Sold out: Draftkings Holdings Inc (DKNG 0 03-15-28); New buy: Ishares 0-5 Yr Hy CORP Bond (SHYG); New buy: Ww International Inc-new (WW); Sold out: Pennymac CORP (PMT 5.5 03-15-26); New buy: Ncl Corporation LTD (NCLH 1.125 02-15-27).

Position changes disclosed by Western Asset Management Company, LLC for the quarter ending 2025-09-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	SJNK	Ss Spdr Bb St Hi Yield ETF	+4.1%	+13.54%	Add
2	TWO 6.25 01-15-26Bond	Two Harbors Inv CORP	+1.8%	—	Unchanged
3	WFC 7.5 PERP LBond	Wells Fargo & Company	+1.1%	—	Unchanged
4	BXMT 5.5 03-15-27Bond	Blackstone Mortgage Tr	+0.2%	—	Unchanged
5	CHRD	Chord Energy CORP	-0.1%	—	Unchanged
6	ECHO 3.875 11-30-30Bond	Echostar CORP	-17.5%	-81.34%	Trim
7	DKNG 0 03-15-28Bond	Draftkings Holdings Inc	—	EXIT	Sold out
8	SHYG	Ishares 0-5 Yr Hy CORP Bond	—	NEW	New buy
9	WW	Ww International Inc-new	—	NEW	New buy
10	PMT 5.5 03-15-26Bond	Pennymac CORP	—	EXIT	Sold out
11	NCLH 1.125 02-15-27Bond	Ncl Corporation LTD	—	NEW	New buy
12	AVAV 0 07-15-30Bond	Aerovironment Inc	—	NEW	New buy
13	EMLC	Vaneck JPM Em Local Curr Bnd	—	EXIT	Sold out
14	BKLN	Invesco Senior Loan ETF	—	EXIT	Sold out

Filing History

Period	Filed	Type
2025 Q3	2025-11-13	13F-HR
2025 Q2	2025-08-12	13F-HR
2025 Q1	2025-05-13	13F-HR
2024 Q4	2025-02-12	13F-HR
2024 Q3	2024-11-12	13F-HR
2024 Q2	2024-08-14	Amendment
2024 Q2	2024-08-14	13F-HR
2024 Q1	2024-05-13	13F-HR
2023 Q4	2024-02-09	13F-HR
2023 Q3	2023-11-13	13F-HR
2023 Q2	2023-08-11	13F-HR
2023 Q1	2023-05-12	13F-HR
2022 Q4	2023-02-10	13F-HR
2022 Q3	2022-11-14	13F-HR
2022 Q2	2022-08-11	13F-HR
2022 Q1	2022-05-13	13F-HR
2021 Q4	2022-02-11	13F-HR
2021 Q3	2021-11-12	13F-HR
2021 Q2	2021-08-13	13F-HR
2021 Q1	2021-05-13	13F-HR
2020 Q4	2021-02-10	13F-HR
2020 Q3	2020-11-12	13F-HR
2020 Q2	2020-08-14	13F-HR
2020 Q1	2020-05-15	13F-HR
2019 Q4	2020-02-14	13F-HR
2019 Q3	2019-11-14	13F-HR
2019 Q2	2019-08-14	13F-HR
2019 Q1	2019-05-15	13F-HR
2018 Q4	2019-02-14	13F-HR
2018 Q3	2018-11-14	13F-HR
2018 Q2	2018-08-14	13F-HR
2018 Q1	2018-05-15	13F-HR
2017 Q4	2018-02-14	13F-HR
2017 Q3	2017-11-14	13F-HR
2017 Q2	2017-08-14	13F-HR
2017 Q1	2017-05-15	13F-HR
2016 Q4	2017-02-14	13F-HR
2016 Q3	2016-11-14	13F-HR
2016 Q2	2016-08-15	13F-HR
2016 Q1	2016-05-16	13F-HR
2015 Q4	2016-02-16	13F-HR
2015 Q3	2015-11-16	13F-HR
2015 Q2	2015-08-14	13F-HR
2015 Q1	2015-05-15	13F-HR
2014 Q4	2015-02-17	13F-HR
2014 Q3	2014-11-14	13F-HR
2014 Q2	2014-08-14	13F-HR
2014 Q1	2014-05-15	13F-HR
2013 Q4	2014-02-14	13F-HR
2013 Q3	2013-11-14	13F-HR
2013 Q2	2013-08-14	13F-HR

FAQ

What is Western Asset Management Company, LLC and what type of investor is it?

Western Asset Management Company, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-09-30), the firm manages a tracked equity portfolio valued at approximately $45.2M, spread across 10 disclosed positions.

What are Western Asset Management Company, LLC's largest equity positions?

Based on the latest 13F filing, Western Asset Management Company, LLC's top holdings by market value are: 1. Two Harbors Inv CORP (TWO 6.25 01-15-26) — $16.0M (35.4%) 2. Ss Spdr Bb St Hi Yield ETF (SJNK) — $6.4M (14.2%) 3. Wells Fargo & Company (WFC 7.5 PERP L) — $6.1M (13.6%) 4. Ishares 0-5 Yr Hy CORP Bond (SHYG) — $4.9M (10.9%) 5. Ww International Inc-new (WW) — $3.9M (8.7%)

What changes did Western Asset Management Company, LLC make in its most recent portfolio filing?

In the latest reported quarter, Western Asset Management Company, LLC made 10 notable position adjustments: 4 new positions were initiated, 1 existing holdings were added to, 1 positions were partially reduced, and 4 were completely exited. The largest of these moves: Sold out: Draftkings Holdings Inc (DKNG 0 03-15-28); New buy: Ishares 0-5 Yr Hy CORP Bond (SHYG); New buy: Ww International Inc-new (WW); Sold out: Pennymac CORP (PMT 5.5 03-15-26); New buy: Ncl Corporation LTD (NCLH 1.125 02-15-27)

What sectors does Western Asset Management Company, LLC focus on?

Western Asset Management Company, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 44.0% • Communication Services: 17.7% • Real Estate: 13.9% • Consumer Discretionary: 11.1% • Industrials: 10.7% • Energy: 2.7%

Investment Profile

Western Asset Management Company, LLC's portfolio is concentrated and moderately active, with 44.0% of the portfolio concentrated in Financials.

Its turnover score has risen from 0 to 49 over the past 4 quarters — a shift toward more active trading.

It has added to its SJNK position over the past two quarters (+$1.6M, now $6.4M), while trimming ECHO 3.875 11-30-30 over the same stretch (-$8.5M, still holding $2.5M).

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Total reported value

$45.2M

27 stks

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Concentration69.0

Portfolio Stability44.5

AUM within 0.0% of this institution

AM Squared Ltd

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Total reported value

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Total reported value

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Developer Access

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Western Asset Management Company, LLC Historical SEC 13F Holdings & Archive (Q3 2025)

CIK: 0001138897

Momentum followerQuality / disciplined sizingConcentrated strategy

Total reported value

$45.2M

Reporting period: 2025-09-30 · Number of holdings: 10

Western Asset Management Company, LLC disclosed 10 holdings in its latest 13F filing for the period ending 2025-09-30, with total reported value of $45.2M and a quarterly turnover rate of 49.0%.

Browse other institutions with under $100M AUM Browse other institutions starting with "W"

Last filedSep 2025

Personality snowflake

Concentration: 76.06
Portfolio Stability: 48.99
Momentum: 100
Sector conviction: 0
Diversification: 20
Sizing Uniformity: 89.99

Source and citation information

Recent moves

Trim ECHO 3.875 11-30-30
-81.3%　-$8.5M
Add SJNK
+13.5%　$1.6M
Add TWO 6.25 01-15-26
0.0%　-$29.9K
Add WFC 7.5 PERP L
0.0%　$166.3K
Add BXMT 5.5 03-15-27
0.0%　-$12.2K
Trim CHRD
0.0%　-$50.8K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Download CSV Download Excel

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	TWO 6.25 01-15-26Bond	Two Harbors Inv CORP	Bond	35.35%	+1.79%	—
2	SJNK	Ss Spdr Bb St Hi Yield ETF	ETF-Other	14.24%	+4.08%	+13.54%
3	WFC 7.5 PERP LBond	Wells Fargo & Company	Bond	13.56%	+1.06%	—
4	SHYG	Ishares 0-5 Yr Hy CORP Bond	ETF-Corp Bonds	10.86%	+10.86%	NEW
5	WW	Ww International Inc-new	Stock-Other	8.72%	+8.72%	NEW
6	ECHO 3.875 11-30-30Bond	Echostar CORP	Bond	5.45%	-17.46%	-81.34%
7	BXMT 5.5 03-15-27Bond	Blackstone Mortgage Tr	Bond	4.28%	+0.20%	—
8	NCLH 1.125 02-15-27Bond	Ncl Corporation LTD	Bond	3.41%	+3.41%	NEW
9	AVAV 0 07-15-30Bond	Aerovironment Inc	Bond	3.30%	+3.30%	NEW
10	CHRD	Chord Energy CORP	Stock-Energy	0.84%	-0.06%	—

Portfolio Performance

Performance for Q3 2026

—

Performance Last 4 Quarters

-2.1%

Based on 3 months of available history

Based on 35% of reported portfolio value with available pricing

Stdev: +6.1%
Beta: -0.85
Alpha: +12.8%
Max Drawdown: 0%
Annualized Perf: -8.2%
Batting Avg vs S&P: +33.3%
Sortino: -1.54
Stutzer: —
Treynor: +0.1
Sterling: —
Calmar: —
Information Ratio: -2.89
Tracking Error: +11.5%
Stdev Down: +5.5%
Winning Months %: +66.7%
Losing Months %: +33.3%
Best 12 Months: —
Worst 12 Months: —
Efficiency Ratio: +0.63
Sharpe: -1.38
Stdev Sectors: +13%
Skewness: -0.69
Kurtosis: -1.5
Upside Potential: +0.46

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2025 Q3	10	$45.2M	49	1TWO 6.25 01-15-262SJNK3WFC 7.5 PERP L Top holdings2025 Q3 1.TWO 6.25 01-15-26 2.SJNK 3.WFC 7.5 PERP L 4.SHYG 5.WW 6.ECHO 3.875 11-30-30 7.BXMT 5.5 03-15-27 8.NCLH 1.125 02-15-27 9.AVAV 0 07-15-30 10.CHRD
2025 Q2	12	$76.3M	0	1AGG2TWO 6.25 01-15-263FLYYQ Top holdings2025 Q2 1.AGG 2.TWO 6.25 01-15-26 3.FLYYQ 4.SHYG 5.ECHO 3.875 11-30-30 6.WFC 7.5 PERP L 7.SJNK 8.DKNG 0 03-15-28 9.BXMT 5.5 03-15-27 10.BE 3 06-01-29
2025 Q1	10	$47.7M	100	1TWO 6.25 01-15-262ECHO 3.875 11-30-303WFC 7.5 PERP L Top holdings2025 Q1 1.TWO 6.25 01-15-26 2.ECHO 3.875 11-30-30 3.WFC 7.5 PERP L 4.DKNG 0 03-15-28 5.SJNK 6.BXMT 5.5 03-15-27 7.PMT 5.5 03-15-26 8.CHRD 9.EMLC 10.BKLN
2024 Q4	10	$63.0M	0	1ECHO 3.875 11-30-302TWO 6.25 01-15-263DKNG 0 03-15-28 Top holdings2024 Q4 1.ECHO 3.875 11-30-30 2.TWO 6.25 01-15-26 3.DKNG 0 03-15-28 4.WFC 7.5 PERP L 5.SJNK 6.BKLN 7.BXMT 5.5 03-15-27 8.PMT 5.5 03-15-26 9.CHRD 10.EMLC
2024 Q3	11	$96.9M	0	1DISH 0 12-15-252DISH 3.375 08-15-263TWO 6.25 01-15-26 Top holdings2024 Q3 1.DISH 0 12-15-25 2.DISH 3.375 08-15-26 3.TWO 6.25 01-15-26 4.DKNG 0 03-15-28 5.WFC 7.5 PERP L 6.SJNK 7.PMT 5.5 03-15-26 8.CHRD 9.BXMT 5.5 03-15-27 10.EMLC
2024 Q2	9	$81.3M	0	1DISH 0 12-15-252TWO 6.25 01-15-263DISH 3.375 08-15-26 Top holdings2024 Q2 1.DISH 0 12-15-25 2.TWO 6.25 01-15-26 3.DISH 3.375 08-15-26 4.DKNG 0 03-15-28 5.WFC 7.5 PERP L 6.PMT 5.5 03-15-26 7.CHRD 8.EMLC 9.FLYX-WS
2024 Q1	14	$104.6M	0	1DISH 0 12-15-252DKNG 0 03-15-283TWO 6.25 01-15-26 Top holdings2024 Q1 1.DISH 0 12-15-25 2.DKNG 0 03-15-28 3.TWO 6.25 01-15-26 4.DISH 3.375 08-15-26 5.BRY 6.WFC 7.5 PERP L 7.CHRD 8.PMT 5.5 03-15-26 9.SRLN 10.PMT 5.5 11-01-24
2023 Q4	16	$152.1M	0	1DISH 2.375 03-15-242DISH 0 12-15-253DKNG 0 03-15-28 Top holdings2023 Q4 1.DISH 2.375 03-15-24 2.DISH 0 12-15-25 3.DKNG 0 03-15-28 4.TWO 6.25 01-15-26 5.DISH 3.375 08-15-26 6.BRY 7.AGG 8.WFC 7.5 PERP L 9.SAVE 1 05-15-26 10.CHRD
2023 Q3	20	$219.6M	0	1EMLC2DISH 2.375 03-15-243DISH 0 12-15-25 Top holdings2023 Q3 1.EMLC 2.DISH 2.375 03-15-24 3.DISH 0 12-15-25 4.DISH 3.375 08-15-26 5.DKNG 0 03-15-28 6.TWO 6.25 01-15-26 7.QQQ 8.SAVE 1 05-15-26 9.BRY 10.WFC 7.5 PERP L
2023 Q2	20	$223.4M	0	1EMLC2DISH 2.375 03-15-243DISH 0 12-15-25 Top holdings2023 Q2 1.EMLC 2.DISH 2.375 03-15-24 3.DISH 0 12-15-25 4.DKNG 0 03-15-28 5.BKLN 6.DISH 3.375 08-15-26 7.TWO 6.25 01-15-26 8.QQQ 9.SAVE 1 05-15-26 10.WFC 7.5 PERP L
2023 Q1	19	$208.6M	0	1EMLC2DISH 2.375 03-15-243DISH 0 12-15-25 Top holdings2023 Q1 1.EMLC 2.DISH 2.375 03-15-24 3.DISH 0 12-15-25 4.DISH 3.375 08-15-26 5.DKNG 0 03-15-28 6.TWO 6.25 01-15-26 7.ARI 5.375 10-15-23 8.QQQ 9.SAVE 1 05-15-26 10.BRY
2022 Q4	23	$229.7M	0	1EMLC2DISH 2.375 03-15-243DISH 3.375 08-15-26 Top holdings2022 Q4 1.EMLC 2.DISH 2.375 03-15-24 3.DISH 3.375 08-15-26 4.DISH 0 12-15-25 5.DKNG 0 03-15-28 6.SAVE 1 05-15-26 7.ARI 5.375 10-15-23 8.TWO 6.25 01-15-26 9.QQQ 10.BRY
2022 Q3	24	$222.8M	0	1EMLC2DISH 3.375 08-15-263DISH 2.375 03-15-24 Top holdings2022 Q3 1.EMLC 2.DISH 3.375 08-15-26 3.DISH 2.375 03-15-24 4.DKNG 0 03-15-28 5.ARI 5.375 10-15-23 6.SAVE 1 05-15-26 7.BXMT 5.5 03-15-27 8.BRY 9.QQQ 10.WFC 7.5 PERP L
2022 Q2	25	$233.1M	0	1EMLC2DISH 3.375 08-15-263ARI 4.75 08-23-22 Top holdings2022 Q2 1.EMLC 2.DISH 3.375 08-15-26 3.ARI 4.75 08-23-22 4.DKNG 0 03-15-28 5.SAVE 1 05-15-26 6.BXMT 5.5 03-15-27 7.BRY 8.DISH 2.375 03-15-24 9.QQQ 10.WFC 7.5 PERP L
2022 Q1	29	$339.0M	0	1EMLC2DISH 3.375 08-15-263BXMT 4.375 05-05-22 Top holdings2022 Q1 1.EMLC 2.DISH 3.375 08-15-26 3.BXMT 4.375 05-05-22 4.SAVE 1 05-15-26 5.DKNG 0 03-15-28 6.ARI 4.75 08-23-22 7.HALO 0.25 03-01-27 8.BRY 9.QQQ 10.WFC 7.5 PERP L
2021 Q4	25	$1.3B	0	1LQD 2EMLC3DISH 3.375 08-15-26 Top holdings2021 Q4 1.LQD 2.EMLC 3.DISH 3.375 08-15-26 4.BXMT 4.375 05-05-22 5.SAVE 1 05-15-26 6.ARI 4.75 08-23-22 7.BRY 8.WFC 7.5 PERP L 9.SRLN 10.GPMT 6.375 10-01-23
2021 Q3	28	$1.4B	0	1LQD 2EMLC3DISH 3.375 08-15-26 Top holdings2021 Q3 1.LQD 2.EMLC 3.DISH 3.375 08-15-26 4.BXMT 4.375 05-05-22 5.SAVE 1 05-15-26 6.ARI 4.75 08-23-22 7.ARI 5.375 10-15-23 8.SRLN 9.BRY 10.CHRD
2021 Q2	23	$1.4B	100	1LQD2ARI 4.75 08-23-223DISH 3.375 08-15-26 Top holdings2021 Q2 1.LQD 2.ARI 4.75 08-23-22 3.DISH 3.375 08-15-26 4.BXMT 4.375 05-05-22 5.LNG 4.25 03-15-45 6.EMLC 7.PDCE 1.125 09-15-21 8.ARI 5.375 10-15-23 9.SRLN 10.26846A
2021 Q1	23	$1.4B	26	1LQD2ARI 4.75 08-23-223BXMT 4.375 05-05-22 Top holdings2021 Q1 1.LQD 2.ARI 4.75 08-23-22 3.BXMT 4.375 05-05-22 4.DISH 3.375 08-15-26 5.LNG 4.25 03-15-45 6.EMLC 7.PDCE 1.125 09-15-21 8.ARI 5.375 10-15-23 9.BRY 10.SRLN
2020 Q4	25	$1.6B	39	1LQD2BXMT 4.375 05-05-223ARI 4.75 08-23-22 Top holdings2020 Q4 1.LQD 2.BXMT 4.375 05-05-22 3.ARI 4.75 08-23-22 4.PDCE 1.125 09-15-21 5.DISH 3.375 08-15-26 6.CHRD 7.LNG 4.25 03-15-45 8.JNK 9.BKLN 10.BXMT 4.75 03-15-23
2020 Q3	23	$1.2B	52	1LQD2BXMT 4.375 05-05-223DISH 3.375 08-15-26 Top holdings2020 Q3 1.LQD 2.BXMT 4.375 05-05-22 3.DISH 3.375 08-15-26 4.TEVA 0.25 02-01-26 C 5.VCIT 6.ARI 4.75 08-23-22 7.PDCE 1.125 09-15-21 8.JNK 9.VSH 2.25 06-15-25 10.LNG 4.25 03-15-45
2020 Q2	263	$734.0M	100	1LQD2TEVA 0.25 02-01-26 C3DISH 3.375 08-15-26 Top holdings2020 Q2 1.LQD 2.TEVA 0.25 02-01-26 C 3.DISH 3.375 08-15-26 4.VCIT 5.VSH 2.25 06-15-25 6.JNK 7.SJNK 8.BRY 9.BXMT 4.375 05-05-22 10.LNG 4.25 03-15-45
2020 Q1	75	$124.2M	81	1TEVA 0.25 02-01-26 C2DISH 3.375 08-15-263VSH 2.25 06-15-25 Top holdings2020 Q1 1.TEVA 0.25 02-01-26 C 2.DISH 3.375 08-15-26 3.VSH 2.25 06-15-25 4.BKLN 5.DISH 2.375 03-15-24 6.LNG 4.25 03-15-45 7.BRY 8.JAZZ 1.5 08-15-24 9.SJNK 10.WFC
2019 Q4	23	$251.5M	50	1BKLN2TEVA 0.25 02-01-26 C3DISH 2.375 03-15-24 Top holdings2019 Q4 1.BKLN 2.TEVA 0.25 02-01-26 C 3.DISH 2.375 03-15-24 4.DISH 3.375 08-15-26 5.BRY 6.VSH 2.25 06-15-25 7.SJNK 8.LNG 4.25 03-15-45 9.MR 10.EVH 1.5 10-15-25
2019 Q3	21	$185.2M	78	1BKLN 2BRY3VSH 2.25 06-15-25 Top holdings2019 Q3 1.BKLN 2.BRY 3.VSH 2.25 06-15-25 4.DISH 2.375 03-15-24 5.DISH 3.375 08-15-26 6.TEVA 0.25 02-01-26 C 7.EXE 5.5 09-15-26 8.LNG 4.25 03-15-45 9.SJNK 10.MR
2019 Q2	18	$176.6M	55	1BRY2DISH 2.375 03-15-243WLL 1.25 04-01-20 Top holdings2019 Q2 1.BRY 2.DISH 2.375 03-15-24 3.WLL 1.25 04-01-20 4.DISH 3.375 08-15-26 5.TWTR 1 09-15-21 6.SJNK 7.MR 8.TEVA 0.25 02-01-26 C 9.LNG 4.25 03-15-45 10.EXE 5.5 09-15-26
2019 Q1	13	$143.5M	79	1BRY2DISH 2.375 03-15-243TWTR 1 09-15-21 Top holdings2019 Q1 1.BRY 2.DISH 2.375 03-15-24 3.TWTR 1 09-15-21 4.DISH 3.375 08-15-26 5.EXE 5.5 09-15-26 6.LNG 4.25 03-15-45 7.QNDX 8.WLL 1.25 04-01-20 9.SJNK 10.BKLN
2018 Q4	22	$93.4M	38	1DISH 2.375 03-15-242TWTR 1 09-15-213BKLN Top holdings2018 Q4 1.DISH 2.375 03-15-24 2.TWTR 1 09-15-21 3.BKLN 4.DISH 3.375 08-15-26 5.EXE 5.5 09-15-26 6.LNG 4.25 03-15-45 7.SJNK 8.WLL 1.25 04-01-20 9.XOPUSD 10.HIX
2018 Q3	17	$10.1M	34	1DISH 2.375 03-15-242TWTR 1 09-15-213JAZZ 1.5 08-15-24 Top holdings2018 Q3 1.DISH 2.375 03-15-24 2.TWTR 1 09-15-21 3.JAZZ 1.5 08-15-24 4.BKLN 5.DISH 3.375 08-15-26 6.EXE 5.5 09-15-26 7.LNG 4.25 03-15-45 8.IIVI 0.5 12-15-36 9.SJNK 10.WLL 1.25 04-01-20
2018 Q2	20	$97.3M	100	1DISH 2.375 03-15-242TWTR 1 09-15-213BKLN Top holdings2018 Q2 1.DISH 2.375 03-15-24 2.TWTR 1 09-15-21 3.BKLN 4.DISH 3.375 08-15-26 5.EXE 5.5 09-15-26 6.LNG 4.25 03-15-45 7.SJNK 8.WLL 1.25 04-01-20 9.SNEUR 10.LINTA 3.75 02-15-30
2018 Q1	19	$238.1M	46	173936Q2WLL 1.25 04-01-203SJNK Top holdings2018 Q1 1.73936Q 2.WLL 1.25 04-01-20 3.SJNK 4.TWTR 1 09-15-21 5.DISH 3.375 08-15-26 6.DISH 2.375 03-15-24 7.EXE 5.5 09-15-26 8.CRK 7.75 04-01-19 * 9.AAL 10.SNEUR
2017 Q4	20	$221.2M	68	173936Q2SJNK3WLL 1.25 04-01-20 Top holdings2017 Q4 1.73936Q 2.SJNK 3.WLL 1.25 04-01-20 4.VST 5.DISH 3.375 08-15-26 6.EFII 0.75 09-01-19 7.VRNT 1.5 06-01-21 8.CRK 7.75 04-01-19 * 9.SNEUR 10.SEMGUSD
2017 Q3	62	$219.3M	73	173936Q2WLL 1.25 04-01-203CHRD 2.625 09-15-23 Top holdings2017 Q3 1.73936Q 2.WLL 1.25 04-01-20 3.CHRD 2.625 09-15-23 4.VST 5.VRSUSD 6.SEMGUSD 7.AAL 8.SNEUR 9.PTEN 10.LINTA 3.75 02-15-30
2017 Q2	26	$420.8M	54	173936Q2NWG V8.625 PERP *3G0177J Top holdings2017 Q2 1.73936Q 2.NWG V8.625 PERP * 3.G0177J 4.LLOYDS V7.5 PERP * 5.HSBC V6.375 PERP 6.WLL 1.25 04-01-20 7.WBMD 2.625 06-15-23 8.VST 9.CHRD 2.625 09-15-23 10.VRSUSD
2017 Q1	28	$359.8M	58	173936Q2NWG V8.625 PERP **3LLOYDS V7.5 PERP Top holdings2017 Q1 1.73936Q 2.NWG V8.625 PERP *** 3.LLOYDS V7.5 PERP * 4.HYG 5.HSBC V6.375 PERP 6.WLL 1.25 04-01-20 7.AKAM 0 02-15-19 8.VRSUSD 9.BACR V8.25 PERP 10.QNDX
2016 Q4	25	$442.4M	35	173936Q2NWG V8.625 PERP **3LLOYDS V7.5 PERP Top holdings2016 Q4 1.73936Q 2.NWG V8.625 PERP *** 3.LLOYDS V7.5 PERP * 4.HSBC V6.375 PERP 5.ENBCN V6 01-15-77 16-A 6.VRSUSD 7.BACR V8.25 PERP 8.MU 3 11-15-43 G 9.BABA 10.C
2016 Q3	25	$532.7M	100	173936Q2NWG V8.625 PERP *3HSBC V6.375 PERP Top holdings2016 Q3 1.73936Q 2.NWG V8.625 PERP * 3.HSBC V6.375 PERP 4.73935S 5.LLOYDS V7.5 PERP * 6.C 7.WFC 8.AMD 2.125 09-01-26 9.CHRD 2.625 09-15-23 10.VRSUSD
2016 Q2	22	$219.2M	99	1HSBC V6.375 PERP273935S3C Top holdings2016 Q2 1.HSBC V6.375 PERP 2.73935S 3.C 4.73936Q 5.HYG 6.SJNK 7.LLOYDS V7.5 PERP * 8.JPM 9.BACR V8.25 PERP 10.PFF
2016 Q1	70	$147.1M	78	1C2E1R845373935S Top holdings2016 Q1 1.C 2.E1R845 3.73935S 4.JPM 5.HYG 6.PFF 7.427093 8.SEMGUSD 9.AAL 10.73936Q
2015 Q4	14	$101.2M	24	1C 2JPM 3HEESEUR Top holdings2015 Q4 1.C 2.JPM 3.HEESEUR 4.LINTA 3.75 02-15-30 5.PFF 6.427093 7.LINTA 4 11-15-29 8.SEMGUSD 9.AAL 10.DHS
2015 Q3	33	$113.9M	19	1C 2JPM 3F Top holdings2015 Q3 1.C 2.JPM 3.F 4.HEESEUR 5.LINTA 3.75 02-15-30 6.PFF 7.SEMGUSD 8.LINTA 4 11-15-29 9.EXE 2.75 11-15-35 10.VIPS
2015 Q2	14	$123.9M	35	1C 2JPM 3F Top holdings2015 Q2 1.C 2.JPM 3.F 4.HEESEUR 5.LINTA 3.75 02-15-30 6.HYG 7.SEMGUSD 8.LINTA 4 11-15-29 9.EXE 2.75 11-15-35 10.RFPUSD
2015 Q1	18	$153.8M	48	1C 2HYG 3JPM Top holdings2015 Q1 1.C 2.HYG 3.JPM 4.F 5.GM 6.LINTA 3.75 02-15-30 7.MFC 8.SEMGUSD 9.LINTA 4 11-15-29 10.HEESEUR
2014 Q4	18	$230.2M	66	1HYG 2C 3JPM Top holdings2014 Q4 1.HYG 2.C 3.JPM 4.F 5.LYB 6.LINTA 3.75 02-15-30 7.MFC 8.SEMGUSD 9.LINTA 4 11-15-29 10.EXE 2.75 11-15-35
2014 Q3	20	$141.0M	10	1C 2JPM 3LYB Top holdings2014 Q3 1.C 2.JPM 3.LYB 4.F 5.75605Y 6.LINTA 3.75 02-15-30 7.SEMGUSD 8.MFC 9.VOD 10.LINTA 4 11-15-29
2014 Q2	21	$142.3M	26	1C 2JPM 3LYB Top holdings2014 Q2 1.C 2.JPM 3.LYB 4.F 5.75605Y 6.LINTA 3.75 02-15-30 7.MT 8.SEMGUSD 9.BAC 10.LINTA 4 11-15-29
2014 Q1	23	$130.9M	21	1C275605Y3LYB Top holdings2014 Q1 1.C 2.75605Y 3.LYB 4.F 5.LINTA 3.75 02-15-30 6.MT 7.SEMGUSD 8.656559 9.LINTA 4 11-15-29 10.FCX
2013 Q4	20	$121.4M	13	1C275605Y3LYB Top holdings2013 Q4 1.C 2.75605Y 3.LYB 4.MT 5.LINTA 3.75 02-15-30 6.TWGP 5 09-15-14 7.SEMGUSD 8.656559 9.LINTA 4 11-15-29 10.WLHUSD
2013 Q3	21	$117.6M	34	1C275605Y3LYB Top holdings2013 Q3 1.C 2.75605Y 3.LYB 4.LINTA 3.75 02-15-30 5.SEMGUSD 6.656559 7.LINTA 4 11-15-29 8.EXE 2.75 11-15-35 9.WLHUSD 10.BTU 4.75 12-15-41
2013 Q2	20	$134.8M	0	1C275605Y3LYB Top holdings2013 Q2 1.C 2.75605Y 3.LYB 4.81663A 5.STWD 4.55 03-01-18 6.LINTA 4 11-15-29 7.SEMGUSD 8.WLHUSD 9.656559 10.EXE 2.75 11-15-35

Holding changes this quarter

Position changes disclosed by Western Asset Management Company, LLC for the quarter ending 2025-09-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	SJNK	Ss Spdr Bb St Hi Yield ETF	+4.1%	+13.54%	Add
2	TWO 6.25 01-15-26Bond	Two Harbors Inv CORP	+1.8%	—	Unchanged
3	WFC 7.5 PERP LBond	Wells Fargo & Company	+1.1%	—	Unchanged
4	BXMT 5.5 03-15-27Bond	Blackstone Mortgage Tr	+0.2%	—	Unchanged
5	CHRD	Chord Energy CORP	-0.1%	—	Unchanged
6	ECHO 3.875 11-30-30Bond	Echostar CORP	-17.5%	-81.34%	Trim
7	DKNG 0 03-15-28Bond	Draftkings Holdings Inc	—	EXIT	Sold out
8	SHYG	Ishares 0-5 Yr Hy CORP Bond	—	NEW	New buy
9	WW	Ww International Inc-new	—	NEW	New buy
10	PMT 5.5 03-15-26Bond	Pennymac CORP	—	EXIT	Sold out
11	NCLH 1.125 02-15-27Bond	Ncl Corporation LTD	—	NEW	New buy
12	AVAV 0 07-15-30Bond	Aerovironment Inc	—	NEW	New buy
13	EMLC	Vaneck JPM Em Local Curr Bnd	—	EXIT	Sold out
14	BKLN	Invesco Senior Loan ETF	—	EXIT	Sold out

Filing History

Period	Filed	Type
2025 Q3	2025-11-13	13F-HR
2025 Q2	2025-08-12	13F-HR
2025 Q1	2025-05-13	13F-HR
2024 Q4	2025-02-12	13F-HR
2024 Q3	2024-11-12	13F-HR
2024 Q2	2024-08-14	Amendment
2024 Q2	2024-08-14	13F-HR
2024 Q1	2024-05-13	13F-HR
2023 Q4	2024-02-09	13F-HR
2023 Q3	2023-11-13	13F-HR
2023 Q2	2023-08-11	13F-HR
2023 Q1	2023-05-12	13F-HR
2022 Q4	2023-02-10	13F-HR
2022 Q3	2022-11-14	13F-HR
2022 Q2	2022-08-11	13F-HR
2022 Q1	2022-05-13	13F-HR
2021 Q4	2022-02-11	13F-HR
2021 Q3	2021-11-12	13F-HR
2021 Q2	2021-08-13	13F-HR
2021 Q1	2021-05-13	13F-HR
2020 Q4	2021-02-10	13F-HR
2020 Q3	2020-11-12	13F-HR
2020 Q2	2020-08-14	13F-HR
2020 Q1	2020-05-15	13F-HR
2019 Q4	2020-02-14	13F-HR
2019 Q3	2019-11-14	13F-HR
2019 Q2	2019-08-14	13F-HR
2019 Q1	2019-05-15	13F-HR
2018 Q4	2019-02-14	13F-HR
2018 Q3	2018-11-14	13F-HR
2018 Q2	2018-08-14	13F-HR
2018 Q1	2018-05-15	13F-HR
2017 Q4	2018-02-14	13F-HR
2017 Q3	2017-11-14	13F-HR
2017 Q2	2017-08-14	13F-HR
2017 Q1	2017-05-15	13F-HR
2016 Q4	2017-02-14	13F-HR
2016 Q3	2016-11-14	13F-HR
2016 Q2	2016-08-15	13F-HR
2016 Q1	2016-05-16	13F-HR
2015 Q4	2016-02-16	13F-HR
2015 Q3	2015-11-16	13F-HR
2015 Q2	2015-08-14	13F-HR
2015 Q1	2015-05-15	13F-HR
2014 Q4	2015-02-17	13F-HR
2014 Q3	2014-11-14	13F-HR
2014 Q2	2014-08-14	13F-HR
2014 Q1	2014-05-15	13F-HR
2013 Q4	2014-02-14	13F-HR
2013 Q3	2013-11-14	13F-HR
2013 Q2	2013-08-14	13F-HR

FAQ

What is Western Asset Management Company, LLC and what type of investor is it?

What are Western Asset Management Company, LLC's largest equity positions?

What changes did Western Asset Management Company, LLC make in its most recent portfolio filing?

What sectors does Western Asset Management Company, LLC focus on?

Investment Profile

Western Asset Management Company, LLC's portfolio is concentrated and moderately active, with 44.0% of the portfolio concentrated in Financials.

Its turnover score has risen from 0 to 49 over the past 4 quarters — a shift toward more active trading.

It has added to its SJNK position over the past two quarters (+$1.6M, now $6.4M), while trimming ECHO 3.875 11-30-30 over the same stretch (-$8.5M, still holding $2.5M).

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