Vault-13

AFFIRM HLDGS INC AFRM 0 11.15.26

NOTE 11/1 · US DOMESTIC · CUSIP 00827BAB2

32 institutional holders -3 vs Q4 2024
10,189,00010.2m shares reported held*
$264.5mreported value*
7 new 2 added 9 reduced 10 sold out net bought ≈ $2.3m (+120.0k 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 ($8.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $26.78.

Trends to Q1 2025

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: 35Q1 25: 3232Q4 22Q2 23Q4 23Q2 24Q4 24Q1 25
Numbers
QuarterHolders
Q4 202240
Q1 202342
Q2 202346
Q3 202344
Q4 202345
Q1 202450
Q2 202452
Q3 202449
Q4 202435
Q1 202532

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 23: 23 bought or addedQ2 23: 17 cut or sold outQ3 23: 19 bought or addedQ3 23: 19 cut or sold outQ3 23Q4 23: 23 bought or addedQ4 23: 18 cut or sold outQ1 24: 20 bought or addedQ1 24: 19 cut or sold outQ1 24Q2 24: 19 bought or addedQ2 24: 20 cut or sold outQ3 24: 14 bought or addedQ3 24: 23 cut or sold outQ3 24Q4 24: 11 bought or addedQ4 24: 34 cut or sold outQ1 25: 9 bought or addedQ1 25: 19 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20232317
Q3 20231919
Q4 20232318
Q1 20242019
Q2 20241920
Q3 20241423
Q4 20241134
Q1 2025919

Biggest buyers

LAZARD ASSET MANAGEMENT LLC New +27,922,000+27.9m
Sculptor Capital LP Added +4,500,000+4.5m
NORTHERN TRUST CORP New +469,000+469.0k
Russell Investments Group, Ltd. Added +217,000+217.0k
CITIGROUP INC New +43,000+43.0k
Oak Harvest Investment Services New +41,000+41.0k
HBK Sorce Advisory LLC New +27,000+27.0k
MERCER GLOBAL ADVISORS INC /ADV New +26,000+26.0k
US BANCORP \DE\ New +8,000+8.0k

Biggest sellers

Verition Fund Management LLC Reduced -13,997,911-14.0m
BlackRock, Inc. Sold out -7,725,000-7.7m
STATE STREET CORP Sold out -5,280,000-5.3m
SSI INVESTMENT MANAGEMENT LLC Reduced -4,402,000-4.4m
Invesco Ltd. Sold out -4,200,000-4.2m
Glendon Capital Management LP Reduced -2,500,000-2.5m
WELLINGTON MANAGEMENT GROUP LLP Reduced -1,840,000-1.8m
OAKTREE CAPITAL MANAGEMENT LP Reduced -1,127,000-1.1m
BANK OF AMERICA CORP /DE/ Reduced -968,000-968.0k
STANSBERRY ASSET MANAGEMENT, LLC Reduced -752,000-752.0k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 29,535,00029.5m $27.1m $27.1m 0.00% Reduced -136.0k -136,000
2 DeepCurrents Investment Group LLC 0.90% of their portfolio NEW YORK, NY 28,167,00028.2m $26.1m $26.1m 0.90% Unchanged
3 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 27,922,00027.9m $25.8m $25.8m 0.04% New
4 Radcliffe Capital Management, L.P. 2.45% of their portfolio BALA CYNWYD, PA 25,822,00025.8m $23.7m $23.7m 2.45% Unchanged
5 Sculptor Capital LP 0.52% of their portfolio New York, NY 25,100,00025.1m $23.2m $23.2m 0.52% Added +4.5m +4,500,000
6 ARISTEIA CAPITAL, L.L.C. 0.59% of their portfolio GREENWICH, CT 20,650,00020.6m $19.1m $19.1m 0.59% Unchanged
7 STANSBERRY ASSET MANAGEMENT, LLC 2.00% of their portfolio Westlake, TX 18,098,00018.1m $16.6m $16.6m 2.00% Reduced -752.0k -752,000
8 Parallax Volatility Advisers, L.P. 0.31% of their portfolio San Francisco, CA 10,500,00010.5m $9.7m $9.7m 0.31% Unchanged
9 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 9,834,0009.8m $9.0m $9.0m 0.01% First filing
10 Ewing Morris & Co. Investment Partners Ltd. 4.05% of their portfolio TORONTO, Z4 9,650,0009.7m $12.8m $12.8m 4.05% Reduced -350.0k -350,000
11 SSI INVESTMENT MANAGEMENT LLC 0.65% of their portfolio Los Angeles, CA 9,036,0009.0m $8.3m $8.3m 0.65% Reduced -4.4m -4,402,000
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,607,0004.6m $4.2m $4.2m 0.00% Reduced -968.0k -968,000
13 OAKTREE CAPITAL MANAGEMENT LP 0.07% of their portfolio LOS ANGELES, CA 3,693,0003.7m $3.4m $3.4m 0.07% Reduced -1.1m -1,127,000
14 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2,397,0002.4m $2.2m $2.2m 0.00% Added +217.0k +217,000
15 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,943,0001.9m $1.8m $1.8m 0.00% Reduced -1.8m -1,840,000
16 Glendon Capital Management LP 0.06% of their portfolio Santa Monica, CA 1,074,0001.1m $986.9k $986.9k 0.06% Reduced -2.5m -2,500,000
17 PIPER SANDLER & CO. 0.68% of their portfolio MINNEAPOLIS, MN 1,000,0001.0m $900.0k $900.0k 0.68% Unchanged
18 Central Pacific Bank - Trust Division 0.07% of their portfolio HONOLULU, HI 519,000519.0k $477.2k $477.2k 0.07% Unchanged
19 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 469,000469.0k $43.1m $43.1m 0.01% New
20 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 200,000200.0k $180.0k $180.0k 0.00% Unchanged
21 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 43,00043.0k $39.5k $39.5k 0.00% New
22 Oak Harvest Investment Services 0.01% of their portfolio HOUSTON, TX 41,00041.0k $37.7k $37.7k 0.01% New
23 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 37,00037.0k $34.0k $34.0k 0.00% Unchanged
24 HBK Sorce Advisory LLC 0.00% of their portfolio ERIE, PA 27,00027.0k $24.8k $24.8k 0.00% New
25 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 26,00026.0k $23.9k $23.9k 0.00% New
26 Beaird Harris Wealth Management, LLC 0.00% of their portfolio DALLAS, TX 20,00020.0k $18.4k $18.4k 0.00% Unchanged
27 Verition Fund Management LLC 0.08% of their portfolio GREENWICH, CT 14,08914.1k $13.0m $13.0m 0.08% Reduced -14.0m -13,997,911
28 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 14,00014.0k $12.9k $12.9k 0.00% Unchanged
29 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 12,00012.0k $11.0k $11.0k 0.00% Unchanged
30 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 9,0009.0k $827.5k $827.5k 0.01% Unchanged
31 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 8,0008.0k $7.4k $7.4k 0.00% New
32 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged