STARWOOD PPTY

CUSIP: 85571bba2 Class: NOTE 6.750% 7/1

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Institution	Shares	Value ($000)
Cutler Capital Management, LLC	935,000	$966
Total (1 institutions)	935,000	$966