Vault-13

COINBASE GLOBAL INC COIN 0.5 06.01.26

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

55 institutional holders +2 vs Q2 2023
23,936,50023.9m shares reported held*
$1.0bnreported value*
11 new 14 added 15 reduced 9 sold out net sold ≈ $22.1m (-31.1m 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 ≈ $42.82.

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 54Q4 22: 57Q1 23: 60Q2 23: 53Q3 23: 5555Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202254
Q4 202257
Q1 202360
Q2 202353
Q3 202355

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 23Q2 23: 14 bought or addedQ2 23: 35 cut or sold outQ2 23Q3 23: 25 bought or addedQ3 23: 24 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222131
Q1 20233318
Q2 20231435
Q3 20232524

Biggest buyers

Linden Advisors LP Added +28,644,000+28.6m
MILLENNIUM MANAGEMENT LLC Added +22,500,000+22.5m
FMR LLC Added +15,120,000+15.1m
MOORE CAPITAL MANAGEMENT, LP New +14,500,000+14.5m
D. E. Shaw & Co., Inc. Added +13,500,000+13.5m
WHITEBOX ADVISORS LLC Added +11,200,000+11.2m
ADVENT CAPITAL MANAGEMENT /DE/ New +8,790,000+8.8m
Capital International Investors New +6,773,000+6.8m
Shaolin Capital Management LLC Added +6,700,000+6.7m
SSI INVESTMENT MANAGEMENT LLC New +6,239,000+6.2m

Biggest sellers

REDWOOD CAPITAL MANAGEMENT, LLC Reduced -45,950,000-46.0m
Knighthead Capital Management, LLC Reduced -45,950,000-46.0m
BAUPOST GROUP LLC/MA Reduced -16,500,000-16.5m
Weiss Asset Management LP Reduced -14,185,000-14.2m
MOORE CAPITAL MANAGEMENT, LP Sold out -13,500,000-13.5m
Thrivent Financial for Lutherans Reduced -10,970,000-11.0m
Ewing Morris & Co. Investment Partners Ltd. Sold out -7,050,000-7.0m
Graham Capital Management, L.P. Reduced -7,000,000-7.0m
OAKTREE CAPITAL MANAGEMENT LP Reduced -6,714,000-6.7m
JPMORGAN CHASE & CO Reduced -4,139,000-4.1m

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.16% of their portfolio ATLANTA, GA 193,915,000193.9m $146.5m $146.5m 0.16% Reduced -500.0k -500,000
2 MFN Partners Management, LP 3.47% of their portfolio BOSTON, MA 136,953,000137.0m $103.5m $103.5m 3.47% Unchanged
3 FMR LLC 0.01% of their portfolio BOSTON, MA 134,285,000134.3m $100.8m $100.8m 0.01% Added +15.1m +15,120,000
4 BAUPOST GROUP LLC/MA 1.36% of their portfolio BOSTON, MA 93,750,00093.8m $70.7m $70.7m 1.36% Reduced -16.5m -16,500,000
5 TPG GP A, LLC 1.03% of their portfolio FORT WORTH, TX 79,500,00079.5m $59.7m $59.7m 1.03% Unchanged
6 Linden Advisors LP 0.49% of their portfolio New York, NY 63,167,00063.2m $47.7m $47.7m 0.49% Added +28.6m +28,644,000
7 Calamos Advisors LLC 0.22% of their portfolio NAPERVILLE, IL 53,603,00053.6m $40.5m $40.5m 0.22% Reduced -3.5m -3,529,000
8 Parallax Volatility Advisers, L.P. 1.05% of their portfolio San Francisco, CA 40,000,00040.0m $30.0m $30.0m 1.05% Added +2.5m +2,500,000
9 D. E. Shaw & Co., Inc. 0.05% of their portfolio New York, NY 39,500,00039.5m $29.8m $29.8m 0.05% Added +13.5m +13,500,000
10 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 37,000,00037.0m $27.9m $27.9m 0.03% Added +22.5m +22,500,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 34,582,00034.6m $26.1m $26.1m 0.00% Added +2.6m +2,600,000
12 WHITEBOX ADVISORS LLC 1.19% of their portfolio MINNEAPOLIS, MN 32,200,00032.2m $24.2m $24.2m 1.19% Added +11.2m +11,200,000
13 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.36% of their portfolio NEW YORK, NY 32,000,00032.0m $24.2m $24.2m 1.36% Reduced -3.0m -3,000,000
14 REDWOOD CAPITAL MANAGEMENT, LLC 4.41% of their portfolio New York, NY 31,162,00031.2m $23.5m $23.5m 4.41% Reduced -46.0m -45,950,000
15 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 27,000,00027.0m $20.4m $20.4m 0.04% Reduced -1.0m -1,000,000
16 FIR TREE CAPITAL MANAGEMENT LP 2.17% of their portfolio New York, NY 25,440,00025.4m $19.2m $19.2m 2.17% Added +3.1m +3,150,000
17 OAKTREE CAPITAL MANAGEMENT LP 0.27% of their portfolio LOS ANGELES, CA 23,922,00023.9m $18.1m $18.1m 0.27% Reduced -6.7m -6,714,000
18 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 23,362,00023.4m $17.5m $17.5m 0.04% Reduced -11.0m -10,970,000
19 Knighthead Capital Management, LLC 0.72% of their portfolio NEW YORK, NY 23,325,00023.3m $17.5m $17.5m 0.72% Reduced -46.0m -45,950,000
20 Shaolin Capital Management LLC 0.61% of their portfolio Miami, FL 22,500,00022.5m $17.0m $17.0m 0.61% Added +6.7m +6,700,000
21 Weiss Asset Management LP 0.93% of their portfolio BOSTON, MA 15,533,00015.5m $11.7m $11.7m 0.93% Reduced -14.2m -14,185,000
22 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 15,200,00015.2m $11.4m $11.4m 0.03% Unchanged
23 MOORE CAPITAL MANAGEMENT, LP 0.30% of their portfolio NEW YORK, NY 14,500,00014.5m $10.9m $10.9m 0.30% New
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 11,013,00011.0m $8.3m $8.3m 0.00% Reduced -4.1m -4,139,000
25 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 9,500,0009.5m $7.2m $7.2m 0.02% Added +4.0m +4,000,000
26 BlackRock Inc. 0.00% of their portfolio New York, NY 9,225,0009.2m $6.9m $6.9m 0.00% Added +1.1m +1,100,000
27 Graham Capital Management, L.P. 0.20% of their portfolio ROWAYTON, CT 9,000,0009.0m $6.8m $6.8m 0.20% Reduced -7.0m -7,000,000
28 ADVENT CAPITAL MANAGEMENT /DE/ 0.16% of their portfolio NEW YORK, NY 8,790,0008.8m $6.6m $6.6m 0.16% New
29 Capital International Investors 0.00% of their portfolio Los Angeles, CA 6,773,0006.8m $5.1m $5.1m 0.00% New
30 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 6,275,0006.3m $4.7m $4.7m 0.00% Added +5.6m +5,600,000
31 SSI INVESTMENT MANAGEMENT LLC 0.38% of their portfolio Los Angeles, CA 6,239,0006.2m $4.7m $4.7m 0.38% New
32 Centerbridge Partners, L.P. 0.94% of their portfolio NEW YORK, NY 5,800,0005.8m $4.4m $4.4m 0.94% Unchanged
33 CAPSTONE INVESTMENT ADVISORS, LLC 0.10% of their portfolio NEW YORK, NY 5,000,0005.0m $3.8m $3.8m 0.10% Unchanged
34 TEGEAN CAPITAL MANAGEMENT, LLC 2.38% of their portfolio New York, NY 3,000,0003.0m $2.3m $2.3m 2.38% Unchanged
35 Jefferies Financial Group Inc. 0.06% of their portfolio NEW YORK, NY 2,937,0002.9m $2.2m $2.2m 0.06% Added +2.5m +2,537,000
36 Capital World Investors 0.00% of their portfolio LOS ANGELES, CA 2,540,0002.5m $1.9m $1.9m 0.00% New
37 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 2,500,0002.5m $1.4m $1.4m 0.00% Reduced -1.0m -1,000,000
38 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,900,0001.9m $1.4m $1.4m 0.01% New
39 Saba Capital Management, L.P. 0.02% of their portfolio NEW YORK, NY 1,000,0001.0m $760.5k $760.5k 0.02% Unchanged
40 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 500,000500.0k $377.4k $377.4k 0.01% Unchanged
41 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 500,000500.0k $377.9k $377.9k 0.00% Unchanged
42 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 400,000400.0k $302.3k $302.3k 0.00% New
43 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 250,000250.0k $187.7k $187.7k 0.00% New
44 Castleview Partners, LLC 0.11% of their portfolio DALLAS, TX 157,000157.0k $118.8k $118.8k 0.11% Reduced -6.0k -6,000
45 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 125,000125.0k $93.8k $93.8k 0.00% New
46 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 108,000108.0k $81.1k $81.1k 0.00% Reduced -955.0k -955,000
47 CENTAURUS FINANCIAL, INC. 0.00% of their portfolio ANAHEIM, CA 57,00057.0k $43.0k $43.0k 0.00% New
48 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 45,00045.0k $33.8k $33.8k 0.00% Unchanged
49 Optas, LLC 0.01% of their portfolio DRIPPING SPRINGS, TX 40,00040.0k $30.0k $30.0k 0.01% Unchanged
50 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 23,60023.6k $1.8m $1.8m 0.02% New
51 NINE MASTS CAPITAL Ltd 12.52% of their portfolio CENTRAL, K3 22,50022.5k $17.0m $17.0m 12.52% Unchanged
52 Context Capital Management, LLC 1.33% of their portfolio LAJOLLA, CA 22,05022.1k $16.6m $16.6m 1.33% Added +6.5k +6,550
53 AM Squared Ltd 20.23% of their portfolio HONG KONG, K3 17,50017.5k $13.2m $13.2m 20.23% Unchanged
54 Verition Fund Management LLC 0.10% of their portfolio GREENWICH, CT 10,00010.0k $7.6m $7.6m 0.10% Unchanged
55 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged