Vault-13

BILL HOLDINGS INC BILL 0 12.01.25

NOTE 12/0 · US DOMESTIC · CUSIP 090043AB6

20 institutional holders -6 vs Q3 2024
4,321,0004.3m shares reported held*
$32.9mreported value*
5 new 1 added 7 reduced 10 sold out net sold ≈ $129.8m (-3.7m 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. Holder counts are more reliable. Implied quarter-end price ≈ $7.61.

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 62Q4 22: 64Q1 23: 56Q2 23: 58Q3 23: 60Q4 23: 57Q1 24: 42Q2 24: 32Q3 24: 26Q4 24: 2020Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202262
Q4 202264
Q1 202356
Q2 202358
Q3 202360
Q4 202357
Q1 202442
Q2 202432
Q3 202426
Q4 202420

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 23: 30 bought or addedQ1 23: 27 cut or sold outQ2 23: 18 bought or addedQ2 23: 28 cut or sold outQ2 23Q3 23: 22 bought or addedQ3 23: 24 cut or sold outQ4 23: 30 bought or addedQ4 23: 33 cut or sold outQ4 23Q1 24: 13 bought or addedQ1 24: 41 cut or sold outQ2 24: 4 bought or addedQ2 24: 30 cut or sold outQ2 24Q3 24: 6 bought or addedQ3 24: 17 cut or sold outQ4 24: 6 bought or addedQ4 24: 17 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20233027
Q2 20231828
Q3 20232224
Q4 20233033
Q1 20241341
Q2 2024430
Q3 2024617
Q4 2024617

Biggest buyers

MORGAN STANLEY Added +1,602,000+1.6m
TWO SIGMA INVESTMENTS, LP New +1,590,000+1.6m
Verition Fund Management LLC New +719,000+719.0k
CSS LLC/IL New +647,000+647.0k
JANE STREET GROUP, LLC New +311,000+311.0k
SG Americas Securities, LLC New +15,740+15.7k

Biggest sellers

FRANKLIN RESOURCES INC Reduced -27,824,000-27.8m
TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -20,348,000-20.3m
BlackRock, Inc. Sold out -20,000,000-20.0m
MILLENNIUM MANAGEMENT LLC Reduced -15,649,000-15.6m
LAZARD ASSET MANAGEMENT LLC Reduced -14,782,000-14.8m
Calamos Advisors LLC Sold out -14,079,000-14.1m
WELLINGTON MANAGEMENT GROUP LLP Sold out -6,563,000-6.6m
BARINGS LLC Sold out -5,000,000-5.0m
PALISADE CAPITAL MANAGEMENT, LP Reduced -4,401,000-4.4m
JPMORGAN CHASE & CO Sold out -4,396,000-4.4m

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 0.06% of their portfolio NEW YORK, NY 4,709,0004.7m $4.5m $4.5m 0.06% Reduced -20.3m -20,348,000
2 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 4,676,0004.7m $4.5m $4.5m 0.00% Reduced -27.8m -27,824,000
3 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 4,500,0004.5m $4.3m $4.3m 0.00% Reduced -500.0k -500,000
4 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,000,0004.0m $3.8m $3.8m 0.01% Unchanged
5 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 3,213,0003.2m $3.1m $3.1m 0.00% Reduced -15.6m -15,649,000
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,822,0002.8m $2.7m $2.7m 0.00% Added +1.6m +1,602,000
7 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 1,590,0001.6m $1.5m $1.5m 0.00% New
8 ADVENT CAPITAL MANAGEMENT /DE/ 0.03% of their portfolio NEW YORK, NY 1,550,0001.6m $1.5m $1.5m 0.03% Unchanged
9 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,501,0001.5m $1.4m $1.4m 0.00% Reduced -14.8m -14,782,000
10 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 993,000993.0k $953.8k $953.8k 0.00% Reduced -717.0k -717,000
11 PALISADE CAPITAL MANAGEMENT, LP 0.02% of their portfolio FORT LEE, NJ 750,000750.0k $720.0k $720.0k 0.02% Reduced -4.4m -4,401,000
12 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 719,000719.0k $693.8k $693.8k 0.00% New
13 CSS LLC/IL 0.04% of their portfolio CHICAGO, IL 647,000647.0k $623.8k $623.8k 0.04% New
14 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 500,000500.0k $481.2k $481.2k 0.00% Unchanged
15 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 311,000311.0k $298.1k $298.1k 0.00% New
16 MacKay Shields LLC 0.00% of their portfolio New York, NY 75,00075.0k $72.4k $72.4k 0.00% Unchanged
17 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 60,00060.0k $57.8k $57.8k 0.00% Unchanged
18 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 15,74015.7k $1.5m $1.5m 0.01% New
19 Fox Hill Wealth Management 0.01% of their portfolio DEDHAM, MA 10,00010.0k $9.5k $9.5k 0.01% Unchanged
20 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged