Vault-13

AFFIRM HLDGS INC AFRM 0 11.15.26

NOTE 11/1 · US DOMESTIC · CUSIP 00827BAB2

29 institutional holders +0 vs Q3 2025
105,000105.0k shares reported held*
$135.0mreported value*
5 new 4 added 5 reduced 6 sold out net sold ≈ $17.8m (-78.4k 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 ($10.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1382.30.

Trends to Q4 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: 32Q3 25: 29Q4 25: 2929Q4 22Q3 23Q2 24Q1 25Q4 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
Q3 202529
Q4 202529

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 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 25Q3 25: 10 bought or addedQ3 25: 10 cut or sold outQ4 25: 9 bought or addedQ4 25: 11 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242019
Q2 20241920
Q3 20241423
Q4 20241134
Q1 2025919
Q2 2025910
Q3 20251010
Q4 2025911

Biggest buyers

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +3,880,000+3.9m
CAPSTONE INVESTMENT ADVISORS, LLC New +1,400,000+1.4m
LAZARD ASSET MANAGEMENT LLC Added +1,106,000+1.1m
OAKTREE CAPITAL MANAGEMENT LP Added +934,000+934.0k
SSI INVESTMENT MANAGEMENT LLC Added +272,000+272.0k
BNP PARIBAS FINANCIAL MARKETS Added +197,000+197.0k
CSS LLC/IL New +54,000+54.0k
Oak Harvest Investment Services New +41,000+41.0k
Focus Partners Wealth New +38,000+38.0k

Biggest sellers

JPMORGAN CHASE & CO Reduced -20,838,000-20.8m
Verition Fund Management LLC Reduced -2,915,000-2.9m
Russell Investments Group, Ltd. Reduced -570,000-570.0k
ARISTEIA CAPITAL, L.L.C. Reduced -500,000-500.0k
Zurcher Kantonalbank (Zurich Cantonalbank) Sold out -200,000-200.0k
TRUIST FINANCIAL CORP Sold out -121,000-121.0k
PALISADE CAPITAL MANAGEMENT, LP Reduced -102,000-102.0k
Oak Harvest Investment Services Sold out -41,000-41.0k
HBK Sorce Advisory LLC Sold out -27,000-27.0k
Militia Capital Partners, LP Sold out -22,400-22.4k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 46,090,00046.1m $444.8k $444.8k 0.00% Added +1.1m +1,106,000
2 DeepCurrents Investment Group LLC 1.01% of their portfolio NEW YORK, NY 28,167,00028.2m $27.2m $27.2m 1.01% Unchanged
3 Sculptor Capital LP 0.32% of their portfolio New York, NY 27,500,00027.5m $26.6m $26.6m 0.32% Unchanged
4 Verition Fund Management LLC 0.10% of their portfolio GREENWICH, CT 19,659,00019.7m $19.0m $19.0m 0.10% Reduced -2.9m -2,915,000
5 ARISTEIA CAPITAL, L.L.C. 0.53% of their portfolio GREENWICH, CT 19,150,00019.1m $18.5m $18.5m 0.53% Reduced -500.0k -500,000
6 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 16,328,00016.3m $15.6m $15.6m 0.00% Reduced -20.8m -20,838,000
7 Parallax Volatility Advisers, L.P. 0.31% of their portfolio San Francisco, CA 10,500,00010.5m $10.1m $10.1m 0.31% Unchanged
8 SSI INVESTMENT MANAGEMENT LLC 0.52% of their portfolio Los Angeles, CA 7,987,0008.0m $7.7m $7.7m 0.52% Added +272.0k +272,000
9 OAKTREE CAPITAL MANAGEMENT LP 0.08% of their portfolio LOS ANGELES, CA 5,225,0005.2m $5.0m $5.0m 0.08% Added +934.0k +934,000
10 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 3,880,0003.9m $3.7m $3.7m 0.00% New
11 PALISADE CAPITAL MANAGEMENT, LP 0.09% of their portfolio FORT LEE, NJ 3,198,0003.2m $3.1m $3.1m 0.09% Reduced -102.0k -102,000
12 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2,786,0002.8m $2.7m $2.7m 0.00% Reduced -570.0k -570,000
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,056,0002.1m $2.0m $2.0m 0.00% Unchanged
14 CAPSTONE INVESTMENT ADVISORS, LLC 0.01% of their portfolio NEW YORK, NY 1,400,0001.4m $1.4m $1.4m 0.01% New
15 Glendon Capital Management LP 0.06% of their portfolio Santa Monica, CA 1,074,0001.1m $1.0m $1.0m 0.06% Unchanged
16 Ares Systematic Credit Ltd 0.47% of their portfolio LONDON, X0 600,000600.0k $579.0k $579.0k 0.47% First filing
17 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 219,000219.0k $210.2k $210.2k 0.00% Added +197.0k +197,000
18 Central Pacific Bank - Trust Division 0.02% of their portfolio HONOLULU, HI 182,000182.0k $174.7k $174.7k 0.02% Unchanged
19 CSS LLC/IL 0.00% of their portfolio CHICAGO, IL 54,00054.0k $52.1k $52.1k 0.00% New
20 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 43,00043.0k $41.3k $41.3k 0.00% Unchanged
21 Oak Harvest Investment Services 0.00% of their portfolio HOUSTON, TX 41,00041.0k $39.3k $39.3k 0.00% New
22 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 38,00038.0k $36.4k $36.4k 0.00% New
23 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 36,00036.0k $35.0k $35.0k 0.00% Unchanged
24 Syntegra Private Wealth Group, LLC 0.00% of their portfolio Chesterfield, MO 29,00029.0k $27.8k $27.8k 0.00% Unchanged
25 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 26,00026.0k $25.0k $25.0k 0.00% Unchanged
26 Beaird Harris Wealth Management, LLC 0.00% of their portfolio DALLAS, TX 20,00020.0k $19.2k $19.2k 0.00% Unchanged
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 18,00018.0k $17.3k $17.3k 0.00% Unchanged
28 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 12,00012.0k $11.5k $11.5k 0.00% Unchanged
29 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 6,0006.0k $5.8k $5.8k 0.00% Unchanged