Vault-13

AFFIRM HLDGS INC AFRM 0 11.15.26

NOTE 11/1 · US DOMESTIC · CUSIP 00827BAB2

52 institutional holders +2 vs Q1 2024
19,867,00019.9m shares reported held*
$1.1bnreported value*
9 new 10 added 13 reduced 7 sold out net sold ≈ $124.0m (-15.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($7.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $57.37.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q4 22: 40Q1 23: 42Q2 23: 46Q3 23: 44Q4 23: 45Q1 24: 50Q2 24: 5252Q4 22Q2 23Q4 23Q2 24
Numbers
QuarterHolders
Q4 202240
Q1 202342
Q2 202346
Q3 202344
Q4 202345
Q1 202450
Q2 202452

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q1 23: 25 bought or addedQ1 23: 25 cut or sold outQ1 23Q2 23: 23 bought or addedQ2 23: 17 cut or sold outQ2 23Q3 23: 19 bought or addedQ3 23: 19 cut or sold outQ3 23Q4 23: 23 bought or addedQ4 23: 18 cut or sold outQ4 23Q1 24: 20 bought or addedQ1 24: 19 cut or sold outQ1 24Q2 24: 19 bought or addedQ2 24: 20 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q1 20232525
Q2 20232317
Q3 20231919
Q4 20232318
Q1 20242019
Q2 20241920

Biggest buyers

Opti Capital Management, LP New +26,123,000+26.1m
Linden Advisors LP Added +7,500,000+7.5m
CITADEL ADVISORS LLC Added +2,500,000+2.5m
BANK OF AMERICA CORP /DE/ New +2,279,000+2.3m
FIR TREE CAPITAL MANAGEMENT LP New +2,080,000+2.1m
STANSBERRY ASSET MANAGEMENT, LLC Added +1,153,000+1.2m
ARISTEIA CAPITAL, L.L.C. Added +1,000,000+1.0m
OAKTREE CAPITAL MANAGEMENT LP Added +987,000+987.0k
SSI INVESTMENT MANAGEMENT LLC Added +551,000+551.0k
BARCLAYS PLC Added +321,000+321.0k

Biggest sellers

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -64,100,000-64.1m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -27,319,000-27.3m
JPMORGAN CHASE & CO Reduced -22,774,000-22.8m
VOYA INVESTMENT MANAGEMENT LLC Reduced -17,265,000-17.3m
Opti Capital Management, LP Sold out -15,172,000-15.2m
MORGAN STANLEY Reduced -12,942,000-12.9m
Sculptor Capital LP Sold out -12,000,000-12.0m
BlackRock Inc. Reduced -7,995,000-8.0m
MARSHALL WACE, LLP Sold out -7,500,000-7.5m
GOLDMAN SACHS GROUP INC Reduced -3,091,000-3.1m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.22% of their portfolio ATLANTA, GA 270,540,000270.5m $225.9m $225.9m 0.22% Reduced -17.3m -17,265,000
2 ARISTEIA CAPITAL, L.L.C. 7.99% of their portfolio GREENWICH, CT 257,128,000257.1m $214.7m $214.7m 7.99% Added +1.0m +1,000,000
3 Glendon Capital Management LP 8.95% of their portfolio Santa Monica, CA 141,574,000141.6m $117.4m $117.4m 8.95% Unchanged
4 Linden Advisors LP 0.90% of their portfolio New York, NY 128,307,000128.3m $107.2m $107.2m 0.90% Added +7.5m +7,500,000
5 ADVENT CAPITAL MANAGEMENT /DE/ 1.49% of their portfolio NEW YORK, NY 73,793,00073.8m $61.6m $61.6m 1.49% Reduced -27.3m -27,319,000
6 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 62,830,00062.8m $52.4m $52.4m 0.00% Reduced -22.8m -22,774,000
7 Aequim Alternative Investments LP 1.25% of their portfolio MILL VALLEY, CA 41,300,00041.3m $34.5m $34.5m 1.25% Unchanged
8 Calamos Advisors LLC 0.14% of their portfolio NAPERVILLE, IL 34,186,00034.2m $28.6m $28.6m 0.14% Unchanged
9 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 28,433,00028.4m $23.7m $23.7m 0.02% Reduced -80.0k -80,000
10 DeepCurrents Investment Group LLC 0.95% of their portfolio NEW YORK, NY 28,167,00028.2m $23.5m $23.5m 0.95% Unchanged
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 28,030,00028.0m $23.4m $23.4m 0.00% Reduced -2.4m -2,400,000
12 Opti Capital Management, LP 1.63% of their portfolio New York, NY 26,123,00026.1m $21.9m $21.9m 1.63% New
13 STANSBERRY ASSET MANAGEMENT, LLC 2.00% of their portfolio Westlake, TX 18,366,00018.4m $15.2m $15.2m 2.00% Added +1.2m +1,153,000
14 SSI INVESTMENT MANAGEMENT LLC 0.92% of their portfolio Los Angeles, CA 14,472,00014.5m $12.0m $12.0m 0.92% Added +551.0k +551,000
15 BlackRock Inc. 0.00% of their portfolio New York, NY 11,825,00011.8m $9.8m $9.8m 0.00% Reduced -8.0m -7,995,000
16 Ewing Morris & Co. Investment Partners Ltd. 5.31% of their portfolio TORONTO, Z4 10,000,00010.0m $8.3m $8.3m 5.31% Unchanged
17 FMR LLC 0.00% of their portfolio BOSTON, MA 9,855,0009.9m $8.2m $8.2m 0.00% Reduced -600.0k -600,000
18 Verition Fund Management LLC 0.06% of their portfolio GREENWICH, CT 9,006,0009.0m $7.5m $7.5m 0.06% Unchanged
19 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 8,633,0008.6m $7.2m $7.2m 0.01% Reduced -678.0k -678,000
20 OAKTREE CAPITAL MANAGEMENT LP 0.12% of their portfolio LOS ANGELES, CA 8,372,0008.4m $7.0m $7.0m 0.12% Added +987.0k +987,000
21 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 7,575,0007.6m $6.3m $6.3m 0.00% Unchanged
22 Parallax Volatility Advisers, L.P. 0.15% of their portfolio San Francisco, CA 7,000,0007.0m $5.8m $5.8m 0.15% Unchanged
23 CAPSTONE INVESTMENT ADVISORS, LLC 0.10% of their portfolio NEW YORK, NY 5,500,0005.5m $4.6m $4.6m 0.10% Unchanged
24 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 5,000,0005.0m $4.2m $4.2m 0.00% Added +2.5m +2,500,000
25 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 3,378,0003.4m $2.8m $2.8m 0.00% Added +263.0k +263,000
26 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 3,358,0003.4m $2.8m $2.8m 0.00% Unchanged
27 Magnetar Financial LLC 0.05% of their portfolio EVANSTON, IL 3,000,0003.0m $2.5m $2.5m 0.05% Unchanged
28 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,829,0002.8m $2.3m $2.3m 0.00% Reduced -12.9m -12,942,000
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,279,0002.3m $1.9m $1.9m 0.00% New
30 FIR TREE CAPITAL MANAGEMENT LP 1.22% of their portfolio New York, NY 2,080,0002.1m $1.7m $1.7m 1.22% New
31 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 1,000,0001.0m $835.3k $835.3k 0.00% Unchanged
32 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 991,000991.0k $822.5k $822.5k 0.00% Reduced -150.0k -150,000
33 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 909,000909.0k $754.5k $754.5k 0.00% Reduced -3.1m -3,091,000
34 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 650,000650.0k $542.1k $542.1k 0.00% Unchanged
35 Central Pacific Bank - Trust Division 0.06% of their portfolio HONOLULU, HI 586,000586.0k $486.4k $486.4k 0.06% Unchanged
36 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 554,000554.0k $461.9k $461.9k 0.00% Added +321.0k +321,000
37 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 469,000469.0k $38.9m $38.9m 0.01% Unchanged
38 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 153,000153.0k $127.0k $127.0k 0.00% Reduced -70.0k -70,000
39 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 104,000104.0k $86.4k $86.4k 0.00% Added +12.0k +12,000
40 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 100,000100.0k $83.1k $83.1k 0.00% New
41 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 73,00073.0k $60.6k $60.6k 0.00% New
42 Context Capital Management, LLC 1.82% of their portfolio LAJOLLA, CA 60,46460.5k $50.5m $50.5m 1.82% Added +8.4k +8,389
43 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 43,00043.0k $35.7k $35.7k 0.03% New
44 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 37,00037.0k $30.8k $30.8k 0.00% Unchanged
45 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 35,00035.0k $29.5k $29.5k 0.00% New
46 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 27,00027.0k $22.4k $22.4k 0.00% Unchanged
47 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 26,00026.0k $21.6k $21.6k 0.00% Unchanged
48 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 22,00022.0k $18.3k $18.3k 0.00% Unchanged
49 Beaird Harris Wealth Management, LLC 0.00% of their portfolio DALLAS, TX 20,00020.0k $16.6k $16.6k 0.00% New
50 Goodman Financial Corp 0.00% of their portfolio HOUSTON, TX 15,00015.0k $12.5k $12.5k 0.00% New
51 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 11,79011.8k $979.0k $979.0k 0.01% Reduced -21.9k -21,900
52 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged