Vault-13

COINBASE GLOBAL INC COIN 0.5 06.01.26

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

47 institutional holders +2 vs Q1 2024
47,122,00047.1m shares reported held*
$1.4bnreported value*
13 new 14 added 14 reduced 9 sold out net bought ≈ $4.2m (-6.5m 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 ≈ $29.31.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 54Q4 22: 57Q1 23: 60Q2 23: 53Q3 23: 55Q4 23: 50Q1 24: 45Q2 24: 4747Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202254
Q4 202257
Q1 202360
Q2 202353
Q3 202355
Q4 202350
Q1 202445
Q2 202447

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 outQ2 23: 14 bought or addedQ2 23: 35 cut or sold outQ2 23Q3 23: 25 bought or addedQ3 23: 24 cut or sold outQ4 23: 33 bought or addedQ4 23: 23 cut or sold outQ4 23Q1 24: 22 bought or addedQ1 24: 37 cut or sold outQ2 24: 27 bought or addedQ2 24: 23 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222131
Q1 20233318
Q2 20231435
Q3 20232524
Q4 20233323
Q1 20242237
Q2 20242723

Biggest buyers

MILLENNIUM MANAGEMENT LLC Added +17,225,000+17.2m
VOYA INVESTMENT MANAGEMENT LLC Added +15,500,000+15.5m
SCHRODER INVESTMENT MANAGEMENT GROUP New +15,075,000+15.1m
BANK OF MONTREAL /CAN/ Added +15,000,000+15.0m
LAZARD ASSET MANAGEMENT LLC Added +14,500,000+14.5m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Added +9,600,000+9.6m
BNP PARIBAS FINANCIAL MARKETS Added +7,834,000+7.8m
SSI INVESTMENT MANAGEMENT LLC Added +7,717,000+7.7m
Graham Capital Management, L.P. Added +7,500,000+7.5m
WOLVERINE ASSET MANAGEMENT LLC Added +2,500,000+2.5m

Biggest sellers

Balyasny Asset Management L.P. Sold out -25,000,000-25.0m
D. E. Shaw & Co., Inc. Reduced -24,500,000-24.5m
Linden Advisors LP Reduced -15,751,000-15.8m
HBK INVESTMENTS L P Reduced -11,515,000-11.5m
Thrivent Financial for Lutherans Reduced -6,330,000-6.3m
Verition Fund Management LLC Sold out -5,652,000-5.7m
Lombard Odier Asset Management (Europe) Ltd Sold out -5,229,000-5.2m
AQR Arbitrage LLC Reduced -4,810,000-4.8m
JPMORGAN CHASE & CO Reduced -4,088,000-4.1m
DeepCurrents Investment Group LLC Sold out -2,065,000-2.1m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.32% of their portfolio ATLANTA, GA 311,465,000311.5m $321.4m $321.4m 0.32% Added +15.5m +15,500,000
2 Linden Advisors LP 1.12% of their portfolio New York, NY 129,590,000129.6m $133.6m $133.6m 1.12% Reduced -15.8m -15,751,000
3 FMR LLC 0.01% of their portfolio BOSTON, MA 119,978,000120.0m $123.2m $123.2m 0.01% Reduced -157.0k -157,000
4 D. E. Shaw & Co., Inc. 0.15% of their portfolio New York, NY 101,500,000101.5m $104.7m $104.7m 0.15% Reduced -24.5m -24,500,000
5 WOLVERINE ASSET MANAGEMENT LLC 1.94% of their portfolio CHICAGO, IL 100,085,000100.1m $103.0m $103.0m 1.94% Added +2.5m +2,500,000
6 LAZARD ASSET MANAGEMENT LLC 0.11% of their portfolio NEW YORK, NY 81,292,00081.3m $83.9m $83.9m 0.11% Added +14.5m +14,500,000
7 Graham Capital Management, L.P. 2.13% of their portfolio ROWAYTON, CT 60,000,00060.0m $61.8m $61.8m 2.13% Added +7.5m +7,500,000
8 HBK INVESTMENTS L P 1.46% of their portfolio DALLAS, TX 58,990,00059.0m $60.8m $60.8m 1.46% Reduced -11.5m -11,515,000
9 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 50,925,00050.9m $52.5m $52.5m 0.04% Added +17.2m +17,225,000
10 Parallax Volatility Advisers, L.P. 1.04% of their portfolio San Francisco, CA 40,000,00040.0m $41.1m $41.1m 1.04% Unchanged
11 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 35,003,00035.0m $36.1m $36.1m 0.01% Added +15.0m +15,000,000
12 Calamos Advisors LLC 0.15% of their portfolio NAPERVILLE, IL 30,850,00030.9m $31.9m $31.9m 0.15% Reduced -30.0k -30,000
13 ADVENT CAPITAL MANAGEMENT /DE/ 0.73% of their portfolio NEW YORK, NY 29,323,00029.3m $30.3m $30.3m 0.73% Added +1.5m +1,496,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 27,782,00027.8m $28.6m $28.6m 0.00% Reduced -1.1m -1,050,000
15 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 24,524,00024.5m $25.3m $25.3m 0.04% Reduced -532.0k -532,000
16 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 20,000,00020.0m $20.6m $20.6m 0.02% Reduced -2.0m -2,000,000
17 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 16,912,00016.9m $17.4m $17.4m 0.04% Reduced -6.3m -6,330,000
18 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 15,075,00015.1m $15.5m $15.5m 0.02% New
19 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 11,818,00011.8m $12.1m $12.1m 0.01% Added +7.8m +7,834,000
20 BlackRock Inc. 0.00% of their portfolio New York, NY 11,175,00011.2m $11.5m $11.5m 0.00% Added +100.0k +100,000
21 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 10,100,00010.1m $10.4m $10.4m 0.01% Added +9.6m +9,600,000
22 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 8,000,0008.0m $8.2m $8.2m 0.03% Unchanged
23 SSI INVESTMENT MANAGEMENT LLC 0.63% of their portfolio Los Angeles, CA 7,977,0008.0m $8.2m $8.2m 0.63% Added +7.7m +7,717,000
24 WHITEBOX ADVISORS LLC 0.23% of their portfolio MINNEAPOLIS, MN 5,500,0005.5m $5.6m $5.6m 0.23% Reduced -1.5m -1,500,000
25 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 5,028,0005.0m $5.2m $5.2m 0.01% Added +345.0k +345,000
26 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,740,0004.7m $4.9m $4.9m 0.00% Reduced -4.1m -4,088,000
27 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,541,0002.5m $2.6m $2.6m 0.00% Reduced -29.0k -29,000
28 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,198,0001.2m $1.2m $1.2m 0.00% Reduced -782.0k -782,000
29 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 1,000,0001.0m $1.0m $1.0m 0.00% New
30 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 600,000600.0k $617.3k $617.3k 0.00% Unchanged
31 NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio TOKYO, M0 575,000575.0k $594.1k $594.1k 0.00% Unchanged
32 Central Pacific Bank - Trust Division 0.05% of their portfolio HONOLULU, HI 441,000441.0k $452.9k $452.9k 0.05% New
33 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $206.0k $206.0k 0.00% New
34 Man Group plc 0.00% of their portfolio LONDON, X0 200,000200.0k $205.3k $205.3k 0.00% New
35 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 184,000184.0k $190.1k $190.1k 0.01% Added +8.0k +8,000
36 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 124,000124.0k $127.3k $127.3k 0.00% New
37 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 95,00095.0k $98.0k $98.0k 0.00% Reduced -4.8m -4,810,000
38 FARMERS & MERCHANTS INVESTMENTS INC 0.00% of their portfolio LINCOLN, NE 25,00025.0k $25.7k $25.7k 0.00% New
39 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 21,00021.0k $21.9k $21.9k 0.00% New
40 Context Capital Management, LLC 0.57% of their portfolio LAJOLLA, CA 15,37115.4k $15.9m $15.9m 0.57% Added +500 +500
41 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 13,00013.0k $13.4k $13.4k 0.00% New
42 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 11,00011.0k $11.3k $11.3k 0.00% Unchanged
43 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 11,00011.0k $10.9k $10.9k 0.00% New
44 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,9003.9k $4.0k $4.0k 0.00% New
45 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0001.0k $1.0k $1.0k 0.00% New
46 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0001.0k $1.0k $1.0k 0.00% New
47 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged