Vault-13

AFFIRM HLDGS INC AFRM 0 11.15.26

NOTE 11/1 · US DOMESTIC · CUSIP 00827BAB2

35 institutional holders -14 vs Q3 2024
10,069,00010.1m shares reported held*
$206.2mreported value*
5 new 6 added 15 reduced 19 sold out net sold ≈ $781.3m (-9.7m 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 ($8.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $21.31.

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q4 22: 40Q1 23: 42Q2 23: 46Q3 23: 44Q4 23: 45Q1 24: 50Q2 24: 52Q3 24: 49Q4 24: 3535Q4 22Q2 23Q4 23Q2 24Q4 24
Numbers
QuarterHolders
Q4 202240
Q1 202342
Q2 202346
Q3 202344
Q4 202345
Q1 202450
Q2 202452
Q3 202449
Q4 202435

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 outQ2 23: 23 bought or addedQ2 23: 17 cut or sold outQ2 23Q3 23: 19 bought or addedQ3 23: 19 cut or sold outQ4 23: 23 bought or addedQ4 23: 18 cut or sold outQ4 23Q1 24: 20 bought or addedQ1 24: 19 cut or sold outQ2 24: 19 bought or addedQ2 24: 20 cut or sold outQ2 24Q3 24: 14 bought or addedQ3 24: 23 cut or sold outQ4 24: 11 bought or addedQ4 24: 34 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20232525
Q2 20232317
Q3 20231919
Q4 20232318
Q1 20242019
Q2 20241920
Q3 20241423
Q4 20241134

Biggest buyers

Radcliffe Capital Management, L.P. Added +21,250,000+21.2m
Sculptor Capital LP Added +14,600,000+14.6m
BANK OF AMERICA CORP /DE/ Added +5,400,000+5.4m
Verition Fund Management LLC Added +5,006,000+5.0m
Parallax Volatility Advisers, L.P. Added +1,500,000+1.5m
MORGAN STANLEY New +475,000+475.0k
Zurcher Kantonalbank (Zurich Cantonalbank) New +200,000+200.0k
Jefferies Financial Group Inc. Added +170,000+170.0k
WELLS FARGO & COMPANY/MN New +37,000+37.0k
LPL Financial LLC New +14,000+14.0k

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Sold out -263,315,000-263.3m
ARISTEIA CAPITAL, L.L.C. Reduced -220,228,000-220.2m
Linden Advisors LP Sold out -154,159,000-154.2m
ADVENT CAPITAL MANAGEMENT /DE/ Sold out -62,134,000-62.1m
Aequim Alternative Investments LP Sold out -35,000,000-35.0m
Calamos Advisors LLC Sold out -34,208,000-34.2m
JPMORGAN CHASE & CO Reduced -33,797,000-33.8m
MILLENNIUM MANAGEMENT LLC Sold out -22,933,000-22.9m
STATE STREET CORP Reduced -21,300,000-21.3m
FMR LLC Sold out -15,865,000-15.9m

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 29,671,00029.7m $26.8m $26.8m 0.00% Reduced -33.8m -33,797,000
2 DeepCurrents Investment Group LLC 0.85% of their portfolio NEW YORK, NY 28,167,00028.2m $25.5m $25.5m 0.85% Unchanged
3 Radcliffe Capital Management, L.P. 2.66% of their portfolio BALA CYNWYD, PA 25,822,00025.8m $23.3m $23.3m 2.66% Added +21.2m +21,250,000
4 ARISTEIA CAPITAL, L.L.C. 0.68% of their portfolio GREENWICH, CT 20,650,00020.6m $18.7m $18.7m 0.68% Reduced -220.2m -220,228,000
5 Sculptor Capital LP 0.30% of their portfolio New York, NY 20,600,00020.6m $18.6m $18.6m 0.30% Added +14.6m +14,600,000
6 STANSBERRY ASSET MANAGEMENT, LLC 2.21% of their portfolio Westlake, TX 18,850,00018.9m $17.0m $17.0m 2.21% Reduced -122.0k -122,000
7 Verition Fund Management LLC 0.06% of their portfolio GREENWICH, CT 14,012,00014.0m $12.7m $12.7m 0.06% Added +5.0m +5,006,000
8 SSI INVESTMENT MANAGEMENT LLC 0.90% of their portfolio Los Angeles, CA 13,438,00013.4m $12.1m $12.1m 0.90% Reduced -944.0k -944,000
9 Parallax Volatility Advisers, L.P. 0.21% of their portfolio San Francisco, CA 10,500,00010.5m $9.5m $9.5m 0.21% Added +1.5m +1,500,000
10 Ewing Morris & Co. Investment Partners Ltd. 4.50% of their portfolio TORONTO, Z4 10,000,00010.0m $13.0m $13.0m 4.50% Unchanged
11 BlackRock, Inc. 0.00% of their portfolio New York, NY 7,725,0007.7m $7.0m $7.0m 0.00% Reduced -3.5m -3,500,000
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5,575,0005.6m $5.0m $5.0m 0.00% Added +5.4m +5,400,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 5,280,0005.3m $4.8m $4.8m 0.00% Reduced -21.3m -21,300,000
14 OAKTREE CAPITAL MANAGEMENT LP 0.08% of their portfolio LOS ANGELES, CA 4,820,0004.8m $4.4m $4.4m 0.08% Reduced -373.0k -373,000
15 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 4,200,0004.2m $3.8m $3.8m 0.00% Reduced -2.8m -2,800,000
16 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 3,783,0003.8m $3.4m $3.4m 0.00% Reduced -100.0k -100,000
17 Glendon Capital Management LP 0.19% of their portfolio Santa Monica, CA 3,574,0003.6m $3.2m $3.2m 0.19% Reduced -14.0m -14,000,000
18 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2,180,0002.2m $2.0m $2.0m 0.00% Reduced -277.0k -277,000
19 PIPER SANDLER & CO. 0.69% of their portfolio MINNEAPOLIS, MN 1,000,0001.0m $901.9k $901.9k 0.69% Unchanged
20 Central Pacific Bank - Trust Division 0.06% of their portfolio HONOLULU, HI 519,000519.0k $468.1k $468.1k 0.06% Reduced -67.0k -67,000
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 475,000475.0k $428.4k $428.4k 0.00% New
22 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 452,000452.0k $407.6k $407.6k 0.00% Reduced -457.0k -457,000
23 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 200,000200.0k $182.0k $182.0k 0.00% Added +170.0k +170,000
24 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 200,000200.0k $180.6k $180.6k 0.00% New
25 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 161,000161.0k $145.4k $145.4k 0.00% Reduced -825.0k -825,000
26 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 133,000133.0k $119.9k $119.9k 0.00% Reduced -20.0k -20,000
27 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 43,00043.0k $38.8k $38.8k 0.03% Unchanged
28 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 37,00037.0k $33.4k $33.4k 0.00% New
29 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 26,00026.0k $23.4k $23.4k 0.00% Unchanged
30 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 22,00022.0k $19.8k $19.8k 0.00% Unchanged
31 Beaird Harris Wealth Management, LLC 0.00% of their portfolio DALLAS, TX 20,00020.0k $18.0k $18.0k 0.00% Unchanged
32 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 14,00014.0k $12.5k $12.5k 0.00% New
33 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 12,00012.0k $10.8k $10.8k 0.00% Unchanged
34 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 9,0009.0k $811.7k $811.7k 0.01% New
35 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged