Vault-13

COINBASE GLOBAL INC COIN 0.5 06.01.26

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

50 institutional holders -5 vs Q3 2023
39,877,00039.9m shares reported held*
$1.2bnreported value*
12 new 21 added 5 reduced 18 sold out net sold ≈ $47.0m (+4.9m 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 ($1.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.86.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 54Q4 22: 57Q1 23: 60Q2 23: 53Q3 23: 55Q4 23: 5050Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202254
Q4 202257
Q1 202360
Q2 202353
Q3 202355
Q4 202350

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 23Q4 23: 33 bought or addedQ4 23: 23 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222131
Q1 20233318
Q2 20231435
Q3 20232524
Q4 20233323

Biggest buyers

WOLVERINE ASSET MANAGEMENT LLC New +87,360,000+87.4m
D. E. Shaw & Co., Inc. Added +73,500,000+73.5m
Linden Advisors LP Added +57,887,000+57.9m
Context Capital Management, LLC Added +40,817,950+40.8m
ADVENT CAPITAL MANAGEMENT /DE/ Added +30,570,000+30.6m
JPMORGAN CHASE & CO Added +29,221,000+29.2m
CITADEL ADVISORS LLC New +24,400,000+24.4m
Capital World Investors Added +20,766,000+20.8m
MILLENNIUM MANAGEMENT LLC Added +18,950,000+18.9m
Shaolin Capital Management LLC Added +15,500,000+15.5m

Biggest sellers

MFN Partners Management, LP Sold out -136,953,000-137.0m
BAUPOST GROUP LLC/MA Sold out -93,750,000-93.8m
TPG GP A, LLC Sold out -79,500,000-79.5m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Sold out -32,000,000-32.0m
REDWOOD CAPITAL MANAGEMENT, LLC Sold out -31,162,000-31.2m
FIR TREE CAPITAL MANAGEMENT LP Sold out -25,440,000-25.4m
Knighthead Capital Management, LLC Sold out -23,325,000-23.3m
TWO SIGMA INVESTMENTS, LP Sold out -15,200,000-15.2m
MOORE CAPITAL MANAGEMENT, LP Sold out -14,500,000-14.5m
Graham Capital Management, L.P. Sold out -9,000,000-9.0m

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.18% of their portfolio ATLANTA, GA 193,915,000193.9m $176.6m $176.6m 0.18% Unchanged
2 FMR LLC 0.01% of their portfolio BOSTON, MA 127,745,000127.7m $115.7m $115.7m 0.01% Reduced -6.5m -6,540,000
3 Linden Advisors LP 1.05% of their portfolio New York, NY 121,054,000121.1m $110.0m $110.0m 1.05% Added +57.9m +57,887,000
4 D. E. Shaw & Co., Inc. 0.15% of their portfolio New York, NY 113,000,000113.0m $102.5m $102.5m 0.15% Added +73.5m +73,500,000
5 WOLVERINE ASSET MANAGEMENT LLC 1.24% of their portfolio CHICAGO, IL 87,360,00087.4m $79.2m $79.2m 1.24% New
6 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 55,950,00056.0m $50.9m $50.9m 0.05% Added +18.9m +18,950,000
7 Calamos Advisors LLC 0.25% of their portfolio NAPERVILLE, IL 53,603,00053.6m $49.0m $49.0m 0.25% Unchanged
8 Context Capital Management, LLC 2.50% of their portfolio LAJOLLA, CA 40,840,00040.8m $37.2m $37.2m 2.50% Added +40.8m +40,817,950
9 WHITEBOX ADVISORS LLC 1.63% of their portfolio MINNEAPOLIS, MN 40,700,00040.7m $36.9m $36.9m 1.63% Added +8.5m +8,500,000
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 40,234,00040.2m $36.7m $36.7m 0.00% Added +29.2m +29,221,000
11 Parallax Volatility Advisers, L.P. 1.00% of their portfolio San Francisco, CA 40,000,00040.0m $36.2m $36.2m 1.00% Unchanged
12 ADVENT CAPITAL MANAGEMENT /DE/ 0.83% of their portfolio NEW YORK, NY 39,360,00039.4m $35.8m $35.8m 0.83% Added +30.6m +30,570,000
13 Shaolin Capital Management LLC 1.20% of their portfolio Miami, FL 38,000,00038.0m $34.3m $34.3m 1.20% Added +15.5m +15,500,000
14 MARSHALL WACE, LLP 0.06% of their portfolio LONDON, X0 34,000,00034.0m $31.1m $31.1m 0.06% Added +7.0m +7,000,000
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 28,832,00028.8m $26.3m $26.3m 0.00% Reduced -5.8m -5,750,000
16 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 24,400,00024.4m $22.1m $22.1m 0.02% New
17 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 23,362,00023.4m $21.2m $21.2m 0.05% Unchanged
18 Capital World Investors 0.00% of their portfolio LOS ANGELES, CA 23,306,00023.3m $21.2m $21.2m 0.00% Added +20.8m +20,766,000
19 Weiss Asset Management LP 1.47% of their portfolio BOSTON, MA 22,533,00022.5m $20.6m $20.6m 1.47% Added +7.0m +7,000,000
20 OAKTREE CAPITAL MANAGEMENT LP 0.25% of their portfolio LOS ANGELES, CA 17,142,00017.1m $15.6m $15.6m 0.25% Reduced -6.8m -6,780,000
21 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 11,700,00011.7m $10.6m $10.6m 0.00% Added +5.4m +5,425,000
22 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 11,000,00011.0m $10.0m $10.0m 0.03% Added +1.5m +1,500,000
23 Kore Advisors LP 6.48% of their portfolio BOYNTON BEACH, FL 11,000,00011.0m $10.0m $10.0m 6.48% First filing
24 BlackRock Inc. 0.00% of their portfolio New York, NY 9,825,0009.8m $8.9m $8.9m 0.00% Added +600.0k +600,000
25 SSI INVESTMENT MANAGEMENT LLC 0.67% of their portfolio Los Angeles, CA 9,699,0009.7m $8.8m $8.8m 0.67% Added +3.5m +3,460,000
26 Capital International Investors 0.00% of their portfolio Los Angeles, CA 8,125,0008.1m $7.4m $7.4m 0.00% Added +1.4m +1,352,000
27 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 6,338,0006.3m $5.7m $5.7m 0.01% Added +6.2m +6,230,000
28 Magnetar Financial LLC 0.14% of their portfolio EVANSTON, IL 6,000,0006.0m $5.4m $5.4m 0.14% New
29 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 5,500,0005.5m $5.0m $5.0m 0.01% New
30 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 4,530,0004.5m $4.1m $4.1m 0.01% New
31 DeepCurrents Investment Group LLC 0.14% of their portfolio NEW YORK, NY 4,065,0004.1m $3.7m $3.7m 0.14% New
32 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,515,0002.5m $2.3m $2.3m 0.00% Added +2.3m +2,265,000
33 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 2,500,0002.5m $1.4m $1.4m 0.00% Unchanged
34 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,900,0001.9m $1.7m $1.7m 0.01% Unchanged
35 CSS LLC/IL 0.12% of their portfolio CHICAGO, IL 1,650,0001.6m $1.5m $1.5m 0.12% New
36 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,434,0001.4m $1.3m $1.3m 0.00% New
37 Saba Capital Management, L.P. 0.02% of their portfolio NEW YORK, NY 1,000,0001.0m $908.1k $908.1k 0.02% Unchanged
38 CAPITAL INTERNATIONAL SARL 0.03% of their portfolio Los Angeles, CA 791,000791.0k $720.3k $720.3k 0.03% New
39 NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio TOKYO, M0 575,000575.0k $525.1k $525.1k 0.00% New
40 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 500,000500.0k $446.6k $446.6k 0.01% Reduced -2.4m -2,437,000
41 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 500,000500.0k $455.9k $455.9k 0.00% Unchanged
42 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 400,000400.0k $364.7k $364.7k 0.00% Unchanged
43 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 196,000196.0k $177.5k $177.5k 0.01% Added +71.0k +71,000
44 Castleview Partners, LLC 0.10% of their portfolio DALLAS, TX 157,000157.0k $142.0k $142.0k 0.10% New
45 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 45,00045.0k $40.8k $40.8k 0.00% Unchanged
46 NINE MASTS CAPITAL Ltd 15.75% of their portfolio CENTRAL, K3 23,00023.0k $20.9m $20.9m 15.75% Added +500 +500
47 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 20,10020.1k $1.8m $1.8m 0.02% Reduced -3.5k -3,500
48 Verition Fund Management LLC 0.18% of their portfolio GREENWICH, CT 19,20019.2k $17.5m $17.5m 0.18% Added +9.2k +9,200
49 Objective Capital Management, LLC 0.01% of their portfolio Fairlawn, OH 10,00010.0k $9.1k $9.1k 0.01% New
50 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged