Vault-13

BILL HOLDINGS INC BILL 0 12.01.25

NOTE 12/0 · US DOMESTIC · CUSIP 090043AB6

42 institutional holders -15 vs Q4 2023
10,273,35110.3m shares reported held*
$386.0mreported value*
4 new 9 added 22 reduced 19 sold out net sold ≈ $556.7m (-6.0m 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. Holder counts are more reliable. Implied quarter-end price ≈ $37.57.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 62Q4 22: 64Q1 23: 56Q2 23: 58Q3 23: 60Q4 23: 57Q1 24: 4242Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202262
Q4 202264
Q1 202356
Q2 202358
Q3 202360
Q4 202357
Q1 202442

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 22: 31 bought or addedQ4 22: 26 cut or sold outQ4 22Q1 23: 30 bought or addedQ1 23: 27 cut or sold outQ1 23Q2 23: 18 bought or addedQ2 23: 28 cut or sold outQ2 23Q3 23: 22 bought or addedQ3 23: 24 cut or sold outQ3 23Q4 23: 30 bought or addedQ4 23: 33 cut or sold outQ4 23Q1 24: 13 bought or addedQ1 24: 41 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223126
Q1 20233027
Q2 20231828
Q3 20232224
Q4 20233033
Q1 20241341

Biggest buyers

D. E. Shaw & Co., Inc. Added +38,315,000+38.3m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +25,570,000+25.6m
Verition Fund Management LLC Added +19,930,352+19.9m
CITIGROUP INC Added +11,603,000+11.6m
MORGAN STANLEY Added +8,877,000+8.9m
Jefferies Financial Group Inc. New +6,715,000+6.7m
BANK OF AMERICA CORP /DE/ Added +4,428,000+4.4m
BANK OF MONTREAL /CAN/ New +4,000,000+4.0m
Nicholas Investment Partners, LP New +2,800,000+2.8m
MIZUHO SECURITIES USA LLC Added +1,504,000+1.5m

Biggest sellers

Linden Advisors LP Sold out -211,875,000-211.9m
DeepCurrents Investment Group LLC Sold out -78,221,000-78.2m
Graham Capital Management, L.P. Sold out -64,573,000-64.6m
STEELHEAD PARTNERS LLC Sold out -62,521,000-62.5m
Calamos Advisors LLC Reduced -53,874,000-53.9m
VOYA INVESTMENT MANAGEMENT LLC Reduced -51,540,000-51.5m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -26,184,000-26.2m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -20,360,000-20.4m
Nuveen Asset Management, LLC Sold out -19,807,000-19.8m
WHITEBOX ADVISORS LLC Sold out -19,124,000-19.1m

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 D. E. Shaw & Co., Inc. 0.06% of their portfolio New York, NY 53,065,00053.1m $49.6m $49.6m 0.06% Added +38.3m +38,315,000
2 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 43,500,00043.5m $40.7m $40.7m 0.01% Reduced -5.0m -5,000,000
3 TENOR CAPITAL MANAGEMENT Co., L.P. 0.52% of their portfolio NEW YORK, NY 34,646,00034.6m $32.4m $32.4m 0.52% Added +25.6m +25,570,000
4 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 33,113,00033.1m $31.0m $31.0m 0.04% Reduced -11.3m -11,263,000
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 24,351,00024.4m $22.7m $22.7m 0.00% Added +8.9m +8,877,000
6 BlackRock Inc. 0.00% of their portfolio New York, NY 24,045,00024.0m $22.4m $22.4m 0.00% Reduced -3.8m -3,750,000
7 Verition Fund Management LLC 0.18% of their portfolio GREENWICH, CT 20,000,00020.0m $18.7m $18.7m 0.18% Added +19.9m +19,930,352
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 15,892,00015.9m $14.8m $14.8m 0.00% Reduced -12.0m -12,010,000
9 Calamos Advisors LLC 0.07% of their portfolio NAPERVILLE, IL 15,868,00015.9m $14.8m $14.8m 0.07% Reduced -53.9m -53,874,000
10 Walleye Capital LLC 0.15% of their portfolio NEW YORK, NY 14,850,00014.8m $13.9m $13.9m 0.15% Reduced -2.5m -2,500,000
11 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 13,778,00013.8m $12.9m $12.9m 0.01% Added +11.6m +11,603,000
12 MacKay Shields LLC 0.27% of their portfolio New York, NY 10,435,00010.4m $9.8m $9.8m 0.27% Reduced -15.0k -15,000
13 CAPSTONE INVESTMENT ADVISORS, LLC 0.17% of their portfolio NEW YORK, NY 10,000,00010.0m $9.4m $9.4m 0.17% Reduced -20.4m -20,360,000
14 FMR LLC 0.00% of their portfolio BOSTON, MA 9,650,0009.7m $9.0m $9.0m 0.00% Reduced -350.0k -350,000
15 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 9,100,0009.1m $8.5m $8.5m 0.00% Reduced -1.0m -1,000,000
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,635,0008.6m $8.1m $8.1m 0.00% Reduced -17.1m -17,100,000
17 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 8,293,0008.3m $7.7m $7.7m 0.00% Reduced -660.0k -660,000
18 Jefferies Financial Group Inc. 0.13% of their portfolio NEW YORK, NY 6,715,0006.7m $6.3m $6.3m 0.13% New
19 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 6,500,0006.5m $6.1m $6.1m 0.01% Unchanged
20 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 6,000,0006.0m $5.6m $5.6m 0.01% Unchanged
21 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5,761,0005.8m $5.4m $5.4m 0.00% Added +4.4m +4,428,000
22 PALISADE CAPITAL MANAGEMENT, LP 0.13% of their portfolio FORT LEE, NJ 5,113,0005.1m $4.8m $4.8m 0.13% Reduced -149.0k -149,000
23 BARINGS LLC 0.12% of their portfolio CHARLOTTE, NC 5,000,0005.0m $4.7m $4.7m 0.12% Unchanged
24 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 5,000,0005.0m $4.7m $4.7m 0.00% Reduced -11.0m -11,000,000
25 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 4,000,0004.0m $3.7m $3.7m 0.00% New
26 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 3,200,0003.2m $3.0m $3.0m 0.00% Reduced -51.5m -51,540,000
27 Nicholas Investment Partners, LP 0.27% of their portfolio RANCHO SANTA FE, CA 2,800,0002.8m $2.6m $2.6m 0.27% New
28 MIZUHO SECURITIES USA LLC 0.06% of their portfolio NEW YORK, NY 2,504,0002.5m $2.3m $2.3m 0.06% Added +1.5m +1,504,000
29 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,267,0002.3m $2.1m $2.1m 0.00% Reduced -347.0k -347,000
30 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,156,0002.2m $2.0m $2.0m 0.00% Reduced -4.3m -4,318,000
31 Liberty Mutual Group Asset Management Inc. 0.45% of their portfolio Boston, MA 1,675,0001.7m $1.6m $1.6m 0.45% Reduced -225.0k -225,000
32 ADVENT CAPITAL MANAGEMENT /DE/ 0.04% of their portfolio NEW YORK, NY 1,550,0001.6m $1.5m $1.5m 0.04% Reduced -26.2m -26,184,000
33 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,413,0001.4m $1.3m $1.3m 0.00% Added +13.0k +13,000
34 SSI INVESTMENT MANAGEMENT LLC 0.04% of their portfolio Los Angeles, CA 569,000569.0k $531.2k $531.2k 0.04% Reduced -1.1m -1,072,000
35 Calamos Wealth Management LLC 0.03% of their portfolio NAPERVILLE, IL 487,000487.0k $455.0k $455.0k 0.03% Added +79.0k +79,000
36 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 300,000300.0k $279.4k $279.4k 0.00% Unchanged
37 EDMOND DE ROTHSCHILD HOLDING S.A. 0.00% of their portfolio CHAMBESY, V8 160,000160.0k $149.5k $149.5k 0.00% Reduced -1.8m -1,840,000
38 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 80,00080.0k $74.7k $74.7k 0.00% Unchanged
39 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 60,00060.0k $56.0k $56.0k 0.00% Unchanged
40 Fox Hill Wealth Management 0.01% of their portfolio DEDHAM, MA 10,00010.0k $9.3k $9.3k 0.01% New
41 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 4,3514.4k $299.0k $299.0k 0.00% Reduced -1.9k -1,865
42 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged