Vault-13

AFFIRM HLDGS INC AFRM 0 11.15.26

NOTE 11/1 · US DOMESTIC · CUSIP 00827BAB2

31 institutional holders +3 vs Q1 2026
249,000249.0k shares reported held*
$231.1mreported value*
6 new 6 added 3 reduced 4 sold out net bought ≈ $30.6m (-7.3m 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 ($4.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $945.85.

Trends to Q2 2026

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: 29Q1 26: 28Q2 26: 3131Q4 22Q4 23Q4 24Q4 25Q2 26
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
Q1 202628
Q2 202631

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 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 25Q1 26: 12 bought or addedQ1 26: 13 cut or sold outQ2 26: 12 bought or addedQ2 26: 7 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241423
Q4 20241134
Q1 2025919
Q2 2025910
Q3 20251010
Q4 2025911
Q1 20261213
Q2 2026127

Biggest buyers

OAKTREE CAPITAL MANAGEMENT LP Added +23,278,000+23.3m
ARISTEIA CAPITAL, L.L.C. Added +17,500,000+17.5m
STANSBERRY ASSET MANAGEMENT, LLC New +15,166,000+15.2m
TORONTO DOMINION BANK Added +4,500,000+4.5m
SSI INVESTMENT MANAGEMENT LLC New +3,611,000+3.6m
Russell Investments Group, Ltd. Added +1,644,000+1.6m
KIM, LLC New +1,174,000+1.2m
JPMORGAN CHASE & CO Added +1,076,000+1.1m
PALISADE CAPITAL MANAGEMENT, LP Added +1,000,000+1.0m
Jefferies Financial Group Inc. New +330,000+330.0k

Biggest sellers

DeepCurrents Investment Group LLC Sold out -28,167,000-28.2m
LAZARD ASSET MANAGEMENT LLC Sold out -14,235,000-14.2m
SSI INVESTMENT MANAGEMENT LLC Sold out -7,467,000-7.5m
MORGAN STANLEY Reduced -1,997,000-2.0m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -500,000-500.0k
BNP PARIBAS FINANCIAL MARKETS Reduced -52,000-52.0k
Focus Partners Wealth Sold out -38,000-38.0k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 OSTERWEIS CAPITAL MANAGEMENT INC 2.67% of their portfolio SAN FRANCISCO, CA 57,500,00057.5m $56.6m $56.6m 2.67% Unchanged
2 ARISTEIA CAPITAL, L.L.C. 0.82% of their portfolio GREENWICH, CT 52,809,00052.8m $52.0m $52.0m 0.82% Added +17.5m +17,500,000
3 OAKTREE CAPITAL MANAGEMENT LP 0.65% of their portfolio LOS ANGELES, CA 34,815,00034.8m $34.3m $34.3m 0.65% Added +23.3m +23,278,000
4 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 16,274,00016.3m $15.5m $15.5m 0.00% Added +1.1m +1,076,000
5 STANSBERRY ASSET MANAGEMENT, LLC 1.37% of their portfolio Westlake, TX 15,166,00015.2m $14.9m $14.9m 1.37% New
6 Parallax Volatility Advisers, L.P. 0.29% of their portfolio San Francisco, CA 8,000,0008.0m $7.9m $7.9m 0.29% Unchanged
7 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 7,500,0007.5m $7.3m $7.3m 0.01% Added +4.5m +4,500,000
8 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 7,001,0007.0m $6.9m $6.9m 0.01% Added +1.6m +1,644,000
9 PALISADE CAPITAL MANAGEMENT, LP 0.21% of their portfolio FORT LEE, NJ 4,881,0004.9m $4.8m $4.8m 0.21% Added +1.0m +1,000,000
10 SSI INVESTMENT MANAGEMENT LLC 0.21% of their portfolio Los Angeles, CA 3,611,0003.6m $3.5m $3.5m 0.21% New
11 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 2,940,0002.9m $2.9m $2.9m 0.00% Reduced -500.0k -500,000
12 CAPSTONE INVESTMENT ADVISORS, LLC 0.01% of their portfolio NEW YORK, NY 1,400,0001.4m $1.4m $1.4m 0.01% Unchanged
13 KIM, LLC 0.16% of their portfolio WICHITA, KS 1,174,0001.2m $1.2m $1.2m 0.16% New
14 Glendon Capital Management LP 0.14% of their portfolio Santa Monica, CA 1,074,0001.1m $1.1m $1.1m 0.14% Unchanged
15 Axxion S.A. 0.06% of their portfolio GREVENMACHER, N4 800,000800.0k $899.9k $899.9k 0.06% First filing
16 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 330,000330.0k $318.9k $318.9k 0.00% New
17 ZAZOVE ASSOCIATES LLC 0.02% of their portfolio INCLINE VILLAGE, NV 255,000255.0k $250.9k $250.9k 0.02% Unchanged
18 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 234,000234.0k $23.0m $23.0m 0.00% New
19 PIPER SANDLER & CO. 0.14% of their portfolio MINNEAPOLIS, MN 192,000192.0k $188.6k $188.6k 0.14% Unchanged
20 Central Pacific Bank - Trust Division 0.02% of their portfolio HONOLULU, HI 182,000182.0k $178.8k $178.8k 0.02% Unchanged
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 131,000131.0k $128.7k $128.7k 0.00% Reduced -2.0m -1,997,000
22 CSS LLC/IL 0.00% of their portfolio CHICAGO, IL 54,00054.0k $53.1k $53.1k 0.00% Unchanged
23 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 50,00050.0k $49.2k $49.2k 0.00% Unchanged
24 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 43,00043.0k $42.2k $42.2k 0.00% Unchanged
25 Oak Harvest Investment Services 0.00% of their portfolio HOUSTON, TX 41,00041.0k $40.4k $40.4k 0.00% Unchanged
26 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 36,00036.0k $35.0k $35.0k 0.00% Unchanged
27 Syntegra Private Wealth Group, LLC 0.00% of their portfolio Chesterfield, MO 29,00029.0k $28.6k $28.6k 0.00% Unchanged
28 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 26,00026.0k $25.5k $25.5k 0.00% Unchanged
29 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 22,00022.0k $21.6k $21.6k 0.00% Reduced -52.0k -52,000
30 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 15,00015.0k $14.7k $14.7k 0.00% New
31 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 12,00012.0k $11.8k $11.8k 0.00% Unchanged