Vault-13

COINBASE GLOBAL INC COIN 0.5 06.01.26

NOTE 0.500% 6/0 · US DOMESTIC · CUSIP 19260QAB3

57 institutional holders +3 vs Q3 2022
42,180,50042.2m shares reported held*
$815.8mreported value*
13 new 8 added 20 reduced 11 sold out net bought ≈ $14.0m (-12.2m 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 ≈ $19.34.

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 54Q4 22: 5757Q3 22Q4 22
Numbers
QuarterHolders
Q3 202254
Q4 202257

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5m$2mQ3 22 calls: $0Q3 22 puts: $2.0mQ3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$2.0m—
Q4 2022$0$0—

Biggest buyers

REDWOOD CAPITAL MANAGEMENT, LLC New +110,362,000+110.4m
Luxor Capital Group, LP Added +47,800,000+47.8m
Knighthead Capital Management, LLC Added +47,525,000+47.5m
Parallax Volatility Advisers, L.P. Added +40,000,000+40.0m
MFN Partners Management, LP New +35,500,000+35.5m
BAUPOST GROUP LLC/MA New +25,250,000+25.2m
Myriad Asset Management US LP New +22,500,000+22.5m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Added +19,500,000+19.5m
Weiss Asset Management LP Added +9,195,000+9.2m
MARSHALL WACE, LLP New +7,500,000+7.5m

Biggest sellers

Linden Advisors LP Reduced -114,318,000-114.3m
Apollo Management Holdings, L.P. Sold out -70,500,000-70.5m
Marcho Partners LLP Reduced -30,000,000-30.0m
Tetragon Partners GP Ltd Reduced -24,625,000-24.6m
VOYA INVESTMENT MANAGEMENT LLC Reduced -18,750,000-18.8m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -16,736,000-16.7m
OAKTREE CAPITAL MANAGEMENT LP Sold out -13,047,000-13.0m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -8,710,000-8.7m
MOORE CAPITAL MANAGEMENT, LP Reduced -7,625,000-7.6m
LAZARD ASSET MANAGEMENT LLC Sold out -5,500,000-5.5m

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.14% of their portfolio ATLANTA, GA 218,590,000218.6m $124.6m $124.6m 0.14% Reduced -18.8m -18,750,000
2 FMR LLC 0.01% of their portfolio BOSTON, MA 123,937,000123.9m $70.0m $70.0m 0.01% Added +417.0k +417,000
3 REDWOOD CAPITAL MANAGEMENT, LLC 7.75% of their portfolio New York, NY 110,362,000110.4m $61.3m $61.3m 7.75% New
4 Calamos Advisors LLC 0.24% of their portfolio NAPERVILLE, IL 87,932,00087.9m $50.4m $50.4m 0.24% Unchanged
5 Parallax Volatility Advisers, L.P. 1.10% of their portfolio San Francisco, CA 75,000,00075.0m $42.4m $42.4m 1.10% Added +40.0m +40,000,000
6 Knighthead Capital Management, LLC 1.35% of their portfolio NEW YORK, NY 69,025,00069.0m $39.0m $39.0m 1.35% Added +47.5m +47,525,000
7 D. E. Shaw & Co., Inc. 0.06% of their portfolio New York, NY 64,500,00064.5m $37.1m $37.1m 0.06% Reduced -5.0m -5,000,000
8 Graticule Asia Macro Advisors LLC 13.38% of their portfolio NEW YORK, NY 64,000,00064.0m $36.7m $36.7m 13.38% Unchanged
9 Luxor Capital Group, LP 2.92% of their portfolio NEW YORK, NY 58,475,00058.5m $33.0m $33.0m 2.92% Added +47.8m +47,800,000
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 47,437,00047.4m $27.4m $27.4m 0.00% Reduced -3.2m -3,199,000
11 Marcho Partners LLP 6.36% of their portfolio LONDON, X0 47,000,00047.0m $27.0m $27.0m 6.36% Reduced -30.0m -30,000,000
12 Weiss Asset Management LP 1.16% of their portfolio BOSTON, MA 42,445,00042.4m $24.3m $24.3m 1.16% Added +9.2m +9,195,000
13 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.75% of their portfolio NEW YORK, NY 42,000,00042.0m $24.3m $24.3m 0.75% Added +19.5m +19,500,000
14 MFN Partners Management, LP 0.45% of their portfolio BOSTON, MA 35,500,00035.5m $20.2m $20.2m 0.45% New
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 33,850,00033.9m $19.4m $19.4m 0.00% Unchanged
16 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 33,490,00033.5m $18.9m $18.9m 0.05% Reduced -2.7m -2,700,000
17 Shaolin Capital Management LLC 0.57% of their portfolio Miami, FL 33,300,00033.3m $19.2m $19.2m 0.57% Reduced -1.7m -1,700,000
18 Linden Advisors LP 0.18% of their portfolio New York, NY 30,523,00030.5m $17.5m $17.5m 0.18% Reduced -114.3m -114,318,000
19 BAUPOST GROUP LLC/MA 0.23% of their portfolio BOSTON, MA 25,250,00025.2m $14.0m $14.0m 0.23% New
20 Myriad Asset Management US LP 4.52% of their portfolio WEST PALM BEACH, FL 22,500,00022.5m $12.9m $12.9m 4.52% New
21 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 15,000,00015.0m $8.6m $8.6m 0.03% Unchanged
22 BlackRock Inc. 0.00% of their portfolio New York, NY 13,550,00013.6m $7.7m $7.7m 0.00% Unchanged
23 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 10,500,00010.5m $5.8m $5.8m 0.01% Reduced -200.0k -200,000
24 Verition Fund Management LLC 0.11% of their portfolio GREENWICH, CT 10,200,00010.2m $5.8m $5.8m 0.11% Reduced -509.0k -509,000
25 Tetragon Partners GP Ltd 0.82% of their portfolio GRAND CAYMAN, E9 10,000,00010.0m $5.7m $5.7m 0.82% Reduced -24.6m -24,625,000
26 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 7,500,0007.5m $4.3m $4.3m 0.01% New
27 CAPSTONE INVESTMENT ADVISORS, LLC 0.11% of their portfolio NEW YORK, NY 7,300,0007.3m $4.2m $4.2m 0.11% Reduced -8.7m -8,710,000
28 683 Capital Management, LLC 0.33% of their portfolio NEW YORK, NY 6,250,0006.2m $3.6m $3.6m 0.33% Reduced -750.0k -750,000
29 Graham Capital Management, L.P. 0.13% of their portfolio ROWAYTON, CT 6,000,0006.0m $3.4m $3.4m 0.13% Unchanged
30 MOORE CAPITAL MANAGEMENT, LP 0.10% of their portfolio NEW YORK, NY 6,000,0006.0m $3.4m $3.4m 0.10% Reduced -7.6m -7,625,000
31 WHITEBOX ADVISORS LLC 0.11% of their portfolio MINNEAPOLIS, MN 5,000,0005.0m $2.8m $2.8m 0.11% Unchanged
32 Murchinson Ltd. 0.31% of their portfolio TORONTO, A6 4,000,0004.0m $2.3m $2.3m 0.31% Reduced -1.0m -1,000,000
33 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 3,200,0003.2m $1.8m $1.8m 0.01% New
34 Ionic Capital Management LLC 0.51% of their portfolio NEW YORK, NY 3,000,0003.0m $1.7m $1.7m 0.51% Reduced -1.2m -1,250,000
35 TEGEAN CAPITAL MANAGEMENT, LLC 2.49% of their portfolio New York, NY 2,500,0002.5m $1.4m $1.4m 2.49% Unchanged
36 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,000,0002.0m $1.1m $1.1m 0.00% New
37 CAMDEN ASSET MANAGEMENT L P /CA 0.04% of their portfolio Los Angeles, CA 2,000,0002.0m $1.1m $1.1m 0.04% Reduced -16.7m -16,736,000
38 BOOTHBAY FUND MANAGEMENT, LLC 0.04% of their portfolio NEW YORK, NY 2,000,0002.0m $1.1m $1.1m 0.04% Reduced -500.0k -500,000
39 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 2,000,0002.0m $1.2m $1.2m 0.00% Reduced -2.0m -2,000,000
40 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 937,000937.0k $529.3k $529.3k 0.00% Unchanged
41 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 675,000675.0k $390.3k $390.3k 0.01% New
42 Man Group plc 0.00% of their portfolio LONDON, X0 550,000550.0k $317.7k $317.7k 0.00% Unchanged
43 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 500,000500.0k $282.4k $282.4k 0.00% Unchanged
44 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $288.9k $288.9k 0.00% Unchanged
45 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 500,000500.0k $290.9k $290.9k 0.00% Unchanged
46 MacKay Shields LLC 0.01% of their portfolio New York, NY 468,000468.0k $266.7k $266.7k 0.01% Unchanged
47 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 314,000314.0k $177.4k $177.4k 0.00% New
48 Amundi 0.00% of their portfolio Paris, I0 200,000200.0k $122.6k $122.6k 0.00% Reduced -100.0k -100,000
49 Castleview Partners, LLC 0.10% of their portfolio DALLAS, TX 173,000173.0k $97.7k $97.7k 0.10% New
50 CENTAURUS FINANCIAL, INC. 0.00% of their portfolio ANAHEIM, CA 57,00057.0k $32.0k $32.0k 0.00% New
51 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 45,00045.0k $25.4k $25.4k 0.00% New
52 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 42,71442.7k $15.0k $15.0k 0.00% Added +32.2k +32,243
53 Optas, LLC 0.01% of their portfolio DRIPPING SPRINGS, TX 40,00040.0k $22.6k $22.6k 0.01% New
54 AM Squared Ltd 6.75% of their portfolio HONG KONG, K3 17,50017.5k $10.2m $10.2m 6.75% First filing
55 Context Capital Management, LLC 0.61% of their portfolio LAJOLLA, CA 14,61214.6k $8.3m $8.3m 0.61% Reduced -5.0k -5,000
56 NINE MASTS CAPITAL Ltd 2.37% of their portfolio CENTRAL, K3 13,00013.0k $7.4m $7.4m 2.37% Added +2.0k +2,000
57 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged