Vault-13

COINBASE GLOBAL INC COIN 0.5 06.01.26

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

60 institutional holders +3 vs Q4 2022
58,155,00058.2m shares reported held*
$994.9mreported value*
10 new 23 added 12 reduced 6 sold out net bought ≈ $98.2m (+16.0m 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 ≈ $17.11.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 54Q4 22: 57Q1 23: 6060Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202254
Q4 202257
Q1 202360

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 21 bought or addedQ4 22: 31 cut or sold outQ4 22Q1 23: 33 bought or addedQ1 23: 18 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222131
Q1 20233318

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 —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$2.0m—
Q4 2022$0$0—
Q1 2023$0$0—

Biggest buyers

FMR LLC Added +98,785,000+98.8m
TPG GP A, LLC New +43,000,000+43.0m
WHITEBOX ADVISORS LLC Added +26,000,000+26.0m
VOYA INVESTMENT MANAGEMENT LLC Added +25,625,000+25.6m
BAUPOST GROUP LLC/MA Added +20,000,000+20.0m
MARSHALL WACE, LLP Added +18,000,000+18.0m
Shaolin Capital Management LLC Added +17,500,000+17.5m
Sculptor Capital LP New +16,500,000+16.5m
FIR TREE CAPITAL MANAGEMENT LP New +13,910,000+13.9m
Jefferies Financial Group Inc. Added +12,768,000+12.8m

Biggest sellers

Marcho Partners LLP Sold out -47,000,000-47.0m
Parallax Volatility Advisers, L.P. Reduced -37,500,000-37.5m
REDWOOD CAPITAL MANAGEMENT, LLC Reduced -30,000,000-30.0m
Myriad Asset Management US LP Sold out -22,500,000-22.5m
Luxor Capital Group, LP Reduced -20,917,000-20.9m
D. E. Shaw & Co., Inc. Reduced -19,500,000-19.5m
JPMORGAN CHASE & CO Reduced -15,905,000-15.9m
Verition Fund Management LLC Reduced -10,189,800-10.2m
Tetragon Partners GP Ltd Reduced -7,500,000-7.5m
STATE STREET CORP Reduced -6,218,000-6.2m

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.17% of their portfolio ATLANTA, GA 244,215,000244.2m $157.5m $157.5m 0.17% Added +25.6m +25,625,000
2 FMR LLC 0.01% of their portfolio BOSTON, MA 222,722,000222.7m $142.5m $142.5m 0.01% Added +98.8m +98,785,000
3 Calamos Advisors LLC 0.28% of their portfolio NAPERVILLE, IL 87,932,00087.9m $56.5m $56.5m 0.28% Unchanged
4 REDWOOD CAPITAL MANAGEMENT, LLC 7.61% of their portfolio New York, NY 80,362,00080.4m $51.4m $51.4m 7.61% Reduced -30.0m -30,000,000
5 Knighthead Capital Management, LLC 1.47% of their portfolio NEW YORK, NY 70,525,00070.5m $45.1m $45.1m 1.47% Added +1.5m +1,500,000
6 Shaolin Capital Management LLC 0.98% of their portfolio Miami, FL 50,800,00050.8m $32.8m $32.8m 0.98% Added +17.5m +17,500,000
7 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.50% of their portfolio NEW YORK, NY 49,500,00049.5m $32.0m $32.0m 1.50% Added +7.5m +7,500,000
8 BAUPOST GROUP LLC/MA 0.50% of their portfolio BOSTON, MA 45,250,00045.2m $29.0m $29.0m 0.50% Added +20.0m +20,000,000
9 D. E. Shaw & Co., Inc. 0.05% of their portfolio New York, NY 45,000,00045.0m $29.1m $29.1m 0.05% Reduced -19.5m -19,500,000
10 Weiss Asset Management LP 2.18% of their portfolio BOSTON, MA 43,218,00043.2m $27.8m $27.8m 2.18% Added +773.0k +773,000
11 MFN Partners Management, LP 1.25% of their portfolio BOSTON, MA 43,000,00043.0m $27.7m $27.7m 1.25% Added +7.5m +7,500,000
12 TPG GP A, LLC 0.45% of their portfolio FORT WORTH, TX 43,000,00043.0m $27.5m $27.5m 0.45% New
13 Luxor Capital Group, LP 1.97% of their portfolio NEW YORK, NY 37,558,00037.6m $24.0m $24.0m 1.97% Reduced -20.9m -20,917,000
14 Parallax Volatility Advisers, L.P. 0.84% of their portfolio San Francisco, CA 37,500,00037.5m $24.0m $24.0m 0.84% Reduced -37.5m -37,500,000
15 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 33,902,00033.9m $21.7m $21.7m 0.05% Added +412.0k +412,000
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 31,532,00031.5m $20.4m $20.4m 0.00% Reduced -15.9m -15,905,000
17 WHITEBOX ADVISORS LLC 0.95% of their portfolio MINNEAPOLIS, MN 31,000,00031.0m $19.8m $19.8m 0.95% Added +26.0m +26,000,000
18 Linden Advisors LP 0.21% of their portfolio New York, NY 30,523,00030.5m $19.7m $19.7m 0.21% Unchanged
19 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 27,632,00027.6m $17.8m $17.8m 0.00% Reduced -6.2m -6,218,000
20 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 25,500,00025.5m $16.4m $16.4m 0.04% Added +18.0m +18,000,000
21 Sculptor Capital LP 0.26% of their portfolio New York, NY 16,500,00016.5m $10.6m $10.6m 0.26% New
22 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 16,500,00016.5m $10.7m $10.7m 0.04% Added +1.5m +1,500,000
23 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 15,200,00015.2m $9.7m $9.7m 0.03% Added +12.0m +12,000,000
24 FIR TREE CAPITAL MANAGEMENT LP 0.72% of their portfolio New York, NY 13,910,00013.9m $9.0m $9.0m 0.72% New
25 MOORE CAPITAL MANAGEMENT, LP 0.27% of their portfolio NEW YORK, NY 13,500,00013.5m $8.7m $8.7m 0.27% Added +7.5m +7,500,000
26 Jefferies Financial Group Inc. 0.18% of their portfolio NEW YORK, NY 13,443,00013.4m $8.6m $8.6m 0.18% Added +12.8m +12,768,000
27 Graham Capital Management, L.P. 0.27% of their portfolio ROWAYTON, CT 12,000,00012.0m $7.7m $7.7m 0.27% Added +6.0m +6,000,000
28 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 10,738,00010.7m $6.9m $6.9m 0.01% Added +8.7m +8,738,000
29 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 10,500,00010.5m $5.8m $5.8m 0.01% Unchanged
30 BlackRock Inc. 0.00% of their portfolio New York, NY 8,475,0008.5m $5.4m $5.4m 0.00% Reduced -5.1m -5,075,000
31 CAPSTONE INVESTMENT ADVISORS, LLC 0.17% of their portfolio NEW YORK, NY 8,300,0008.3m $5.4m $5.4m 0.17% Added +1.0m +1,000,000
32 Ewing Morris & Co. Investment Partners Ltd. 3.60% of their portfolio TORONTO, Z4 7,050,0007.0m $4.6m $4.6m 3.60% New
33 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 4,500,0004.5m $2.9m $2.9m 0.01% New
34 OAKTREE CAPITAL MANAGEMENT LP 0.03% of their portfolio LOS ANGELES, CA 4,079,0004.1m $2.6m $2.6m 0.03% New
35 Ionic Capital Management LLC 0.99% of their portfolio NEW YORK, NY 4,000,0004.0m $2.6m $2.6m 0.99% Added +1.0m +1,000,000
36 Murchinson Ltd. 0.49% of their portfolio TORONTO, A6 4,000,0004.0m $2.6m $2.6m 0.49% Unchanged
37 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 3,504,0003.5m $2.3m $2.3m 0.00% New
38 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,052,0003.1m $2.0m $2.0m 0.00% New
39 Saba Capital Management, L.P. 0.05% of their portfolio NEW YORK, NY 3,000,0003.0m $1.9m $1.9m 0.05% New
40 TEGEAN CAPITAL MANAGEMENT, LLC 1.30% of their portfolio New York, NY 3,000,0003.0m $1.9m $1.9m 1.30% Added +500.0k +500,000
41 Tetragon Partners GP Ltd 0.22% of their portfolio GRAND CAYMAN, E9 2,500,0002.5m $1.6m $1.6m 0.22% Reduced -7.5m -7,500,000
42 683 Capital Management, LLC 0.13% of their portfolio NEW YORK, NY 2,250,0002.2m $1.5m $1.5m 0.13% Reduced -4.0m -4,000,000
43 BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 2,000,0002.0m $1.3m $1.3m 0.03% Unchanged
44 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 937,000937.0k $599.5k $599.5k 0.00% Unchanged
45 Man Group plc 0.00% of their portfolio LONDON, X0 550,000550.0k $355.5k $355.5k 0.00% Unchanged
46 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 500,000500.0k $319.9k $319.9k 0.00% Unchanged
47 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 500,000500.0k $323.2k $323.2k 0.00% Unchanged
48 MacKay Shields LLC 0.01% of their portfolio New York, NY 464,000464.0k $299.2k $299.2k 0.01% Reduced -4.0k -4,000
49 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 314,000314.0k $200.9k $200.9k 0.00% Unchanged
50 Castleview Partners, LLC 0.10% of their portfolio DALLAS, TX 174,000174.0k $111.3k $111.3k 0.10% Added +1.0k +1,000
51 CENTAURUS FINANCIAL, INC. 0.00% of their portfolio ANAHEIM, CA 57,00057.0k $36.0k $36.0k 0.00% Unchanged
52 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 45,00045.0k $28.8k $28.8k 0.00% Unchanged
53 Optas, LLC 0.01% of their portfolio DRIPPING SPRINGS, TX 40,00040.0k $25.6k $25.6k 0.01% Unchanged
54 NOMURA HOLDINGS INC 0.02% of their portfolio TOKYO, M0 29,92529.9k $2.0m $2.0m 0.02% Reduced -12.8k -12,789
55 NINE MASTS CAPITAL Ltd 15.37% of their portfolio CENTRAL, K3 22,50022.5k $14.5m $14.5m 15.37% Added +9.5k +9,500
56 Context Capital Management, LLC 1.22% of their portfolio LAJOLLA, CA 22,48722.5k $14.5m $14.5m 1.22% Added +7.9k +7,875
57 AM Squared Ltd 8.74% of their portfolio HONG KONG, K3 17,50017.5k $11.3m $11.3m 8.74% Unchanged
58 Verition Fund Management LLC 0.10% of their portfolio GREENWICH, CT 10,20010.2k $6.6m $6.6m 0.10% Reduced -10.2m -10,189,800
59 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 7,5007.5k $4.8m $4.8m 0.01% New
60 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged