Vault-13

AFFIRM HLDGS INC AFRM 0 11.15.26

NOTE 11/1 · US DOMESTIC · CUSIP 00827BAB2

32 institutional holders +0 vs Q1 2025
539,000539.0k shares reported held*
$278.7mreported value*
4 new 5 added 6 reduced 4 sold out net bought ≈ $14.7m (-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 ($9.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $535.25.

Trends to Q2 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: 32Q2 25: 3232Q4 22Q2 23Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 202240
Q1 202342
Q2 202346
Q3 202344
Q4 202345
Q1 202450
Q2 202452
Q3 202449
Q4 202435
Q1 202532
Q2 202532

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 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 24Q1 25: 9 bought or addedQ1 25: 19 cut or sold outQ2 25: 9 bought or addedQ2 25: 10 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231919
Q4 20232318
Q1 20242019
Q2 20241920
Q3 20241423
Q4 20241134
Q1 2025919
Q2 2025910

Biggest buyers

Verition Fund Management LLC Added +18,764,911+18.8m
LAZARD ASSET MANAGEMENT LLC Added +16,796,000+16.8m
MORGAN STANLEY New +7,645,000+7.6m
UBS Group AG New +6,539,000+6.5m
BNP PARIBAS FINANCIAL MARKETS Added +4,433,000+4.4m
PALISADE CAPITAL MANAGEMENT, LP New +3,300,000+3.3m
Russell Investments Group, Ltd. Added +959,000+959.0k
OAKTREE CAPITAL MANAGEMENT LP Added +598,000+598.0k
Syntegra Private Wealth Group, LLC New +29,000+29.0k

Biggest sellers

Ewing Morris & Co. Investment Partners Ltd. Sold out -9,650,000-9.7m
JPMORGAN CHASE & CO Reduced -7,558,000-7.6m
BANK OF AMERICA CORP /DE/ Reduced -4,589,000-4.6m
ARISTEIA CAPITAL, L.L.C. Reduced -3,000,000-3.0m
WELLINGTON MANAGEMENT GROUP LLP Sold out -1,943,000-1.9m
PIPER SANDLER & CO. Sold out -1,000,000-1.0m
SSI INVESTMENT MANAGEMENT LLC Reduced -609,000-609.0k
STANSBERRY ASSET MANAGEMENT, LLC Reduced -579,000-579.0k
Central Pacific Bank - Trust Division Reduced -337,000-337.0k
WELLS FARGO & COMPANY/MN Sold out -37,000-37.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 44,718,00044.7m $42.1m $42.1m 0.06% Added +16.8m +16,796,000
2 DeepCurrents Investment Group LLC 0.97% of their portfolio NEW YORK, NY 28,167,00028.2m $26.4m $26.4m 0.97% Unchanged
3 Radcliffe Capital Management, L.P. 1.84% of their portfolio BALA CYNWYD, PA 25,822,00025.8m $24.2m $24.2m 1.84% Unchanged
4 Sculptor Capital LP 0.38% of their portfolio New York, NY 25,100,00025.1m $23.5m $23.5m 0.38% Unchanged
5 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 21,977,00022.0m $20.6m $20.6m 0.00% Reduced -7.6m -7,558,000
6 Verition Fund Management LLC 0.10% of their portfolio GREENWICH, CT 18,779,00018.8m $17.7m $17.7m 0.10% Added +18.8m +18,764,911
7 ARISTEIA CAPITAL, L.L.C. 0.47% of their portfolio GREENWICH, CT 17,650,00017.6m $16.6m $16.6m 0.47% Reduced -3.0m -3,000,000
8 STANSBERRY ASSET MANAGEMENT, LLC 1.79% of their portfolio Westlake, TX 17,519,00017.5m $16.4m $16.4m 1.79% Reduced -579.0k -579,000
9 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 14,267,00014.3m $13.4m $13.4m 0.01% Added +4.4m +4,433,000
10 Parallax Volatility Advisers, L.P. 0.39% of their portfolio San Francisco, CA 10,500,00010.5m $9.8m $9.8m 0.39% Unchanged
11 SSI INVESTMENT MANAGEMENT LLC 0.56% of their portfolio Los Angeles, CA 8,427,0008.4m $7.9m $7.9m 0.56% Reduced -609.0k -609,000
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,645,0007.6m $7.2m $7.2m 0.00% New
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 6,539,0006.5m $6.1m $6.1m 0.00% New
14 OAKTREE CAPITAL MANAGEMENT LP 0.08% of their portfolio LOS ANGELES, CA 4,291,0004.3m $4.0m $4.0m 0.08% Added +598.0k +598,000
15 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 3,356,0003.4m $3.1m $3.1m 0.00% Added +959.0k +959,000
16 PALISADE CAPITAL MANAGEMENT, LP 0.09% of their portfolio FORT LEE, NJ 3,300,0003.3m $3.1m $3.1m 0.09% New
17 Glendon Capital Management LP 0.06% of their portfolio Santa Monica, CA 1,074,0001.1m $1.0m $1.0m 0.06% Unchanged
18 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 469,000469.0k $43.9m $43.9m 0.01% Unchanged
19 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 200,000200.0k $187.1k $187.1k 0.00% Unchanged
20 Central Pacific Bank - Trust Division 0.02% of their portfolio HONOLULU, HI 182,000182.0k $170.4k $170.4k 0.02% Reduced -337.0k -337,000
21 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 43,00043.0k $40.3k $40.3k 0.00% Unchanged
22 Oak Harvest Investment Services 0.00% of their portfolio HOUSTON, TX 41,00041.0k $38.3k $38.3k 0.00% Unchanged
23 Syntegra Private Wealth Group, LLC 0.00% of their portfolio Chesterfield, MO 29,00029.0k $27.1k $27.1k 0.00% New
24 HBK Sorce Advisory LLC 0.00% of their portfolio ERIE, PA 27,00027.0k $25.2k $25.2k 0.00% Unchanged
25 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 26,00026.0k $24.3k $24.3k 0.00% Unchanged
26 Beaird Harris Wealth Management, LLC 0.00% of their portfolio DALLAS, TX 20,00020.0k $18.7k $18.7k 0.00% Unchanged
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 18,00018.0k $16.9k $16.9k 0.00% Reduced -4.6m -4,589,000
28 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 14,00014.0k $13.1k $13.1k 0.00% Unchanged
29 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 12,00012.0k $11.2k $11.2k 0.00% Unchanged
30 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 9,0009.0k $842.9k $842.9k 0.01% Unchanged
31 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 8,0008.0k $7.5k $7.5k 0.00% Unchanged
32 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged