Vault-13

COINBASE GLOBAL INC COIN 0.5 06.01.26

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

65 institutional holders +7 vs Q4 2024
33,280,70033.3m shares reported held*
$5.6bnreported value*
19 new 11 added 17 reduced 11 sold out net bought ≈ $297.9m (+4.2m 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 ≈ $169.59.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 54Q4 22: 57Q1 23: 60Q2 23: 53Q3 23: 55Q4 23: 50Q1 24: 45Q2 24: 47Q3 24: 49Q4 24: 58Q1 25: 6565Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202254
Q4 202257
Q1 202360
Q2 202353
Q3 202355
Q4 202350
Q1 202445
Q2 202447
Q3 202449
Q4 202458
Q1 202565

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 23: 14 bought or addedQ2 23: 35 cut or sold outQ3 23: 25 bought or addedQ3 23: 24 cut or sold outQ3 23Q4 23: 33 bought or addedQ4 23: 23 cut or sold outQ1 24: 22 bought or addedQ1 24: 37 cut or sold outQ1 24Q2 24: 27 bought or addedQ2 24: 23 cut or sold outQ3 24: 20 bought or addedQ3 24: 19 cut or sold outQ3 24Q4 24: 34 bought or addedQ4 24: 21 cut or sold outQ1 25: 30 bought or addedQ1 25: 28 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20231435
Q3 20232524
Q4 20233323
Q1 20242237
Q2 20242723
Q3 20242019
Q4 20243421
Q1 20253028

Biggest buyers

VOYA INVESTMENT MANAGEMENT LLC Added +328,850,000+328.9m
Walleye Capital LLC Added +22,836,000+22.8m
NOMURA HOLDINGS INC Added +21,351,142+21.4m
SHENKMAN CAPITAL MANAGEMENT INC New +20,706,000+20.7m
DeepCurrents Investment Group LLC Added +19,500,000+19.5m
SONA ASSET MANAGEMENT (US) LLC New +17,500,000+17.5m
LAZARD ASSET MANAGEMENT LLC New +16,225,000+16.2m
Thrivent Financial for Lutherans New +15,177,000+15.2m
SILVERBACK ASSET MANAGEMENT LLC Added +8,927,000+8.9m
DEUTSCHE BANK AG\ Added +6,026,000+6.0m

Biggest sellers

HBK INVESTMENTS L P Reduced -54,125,000-54.1m
Linden Advisors LP Reduced -29,217,000-29.2m
MILLENNIUM MANAGEMENT LLC Reduced -23,250,000-23.2m
ROYAL BANK OF CANADA Reduced -18,638,000-18.6m
Thrivent Financial for Lutherans Sold out -13,422,000-13.4m
Rokos Capital Management LLP Sold out -10,000,000-10.0m
TORONTO DOMINION BANK Sold out -6,025,000-6.0m
D. E. Shaw & Co., Inc. Reduced -6,000,000-6.0m
JPMORGAN CHASE & CO Reduced -5,604,000-5.6m
LORD, ABBETT & CO. LLC Reduced -5,387,000-5.4m

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.34% of their portfolio ATLANTA, GA 628,900,000628.9m $616.0m $616.0m 0.34% Added +328.9m +328,850,000
2 WOLVERINE ASSET MANAGEMENT LLC 1.97% of their portfolio CHICAGO, IL 103,085,000103.1m $101.0m $101.0m 1.97% Unchanged
3 D. E. Shaw & Co., Inc. 0.11% of their portfolio New York, NY 96,275,00096.3m $94.4m $94.4m 0.11% Reduced -6.0m -6,000,000
4 Graham Capital Management, L.P. 2.35% of their portfolio ROWAYTON, CT 75,500,00075.5m $74.0m $74.0m 2.35% Unchanged
5 Walleye Capital LLC 0.74% of their portfolio NEW YORK, NY 68,336,00068.3m $66.9m $66.9m 0.74% Added +22.8m +22,836,000
6 Linden Advisors LP 0.37% of their portfolio New York, NY 55,696,00055.7m $54.6m $54.6m 0.37% Reduced -29.2m -29,217,000
7 Parallax Volatility Advisers, L.P. 1.26% of their portfolio San Francisco, CA 40,000,00040.0m $39.1m $39.1m 1.26% Unchanged
8 Sculptor Capital LP 0.82% of their portfolio New York, NY 37,500,00037.5m $36.7m $36.7m 0.82% Reduced -500.0k -500,000
9 ADVENT CAPITAL MANAGEMENT /DE/ 0.83% of their portfolio NEW YORK, NY 37,017,00037.0m $36.3m $36.3m 0.83% Reduced -1.3m -1,298,000
10 DeepCurrents Investment Group LLC 1.22% of their portfolio NEW YORK, NY 35,906,00035.9m $35.2m $35.2m 1.22% Added +19.5m +19,500,000
11 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 35,003,00035.0m $34.2m $34.2m 0.02% Unchanged
12 Calamos Advisors LLC 0.15% of their portfolio NAPERVILLE, IL 33,210,00033.2m $32.5m $32.5m 0.15% Added +513.0k +513,000
13 WHITEBOX ADVISORS LLC 1.04% of their portfolio MINNEAPOLIS, MN 32,421,00032.4m $31.7m $31.7m 1.04% Unchanged
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 26,032,00026.0m $25.5m $25.5m 0.00% Reduced -3.0m -2,950,000
15 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 25,000,00025.0m $24.5m $24.5m 0.02% Reduced -23.2m -23,250,000
16 NOMURA HOLDINGS INC 21.87% of their portfolio TOKYO, M0 23,778,70023.8m $4.1bn $4.1bn 21.87% Added +21.4m +21,351,142
17 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 21,843,00021.8m $21.3m $21.3m 0.01% Added +6.0m +6,026,000
18 SILVERBACK ASSET MANAGEMENT LLC 3.41% of their portfolio DURHAM, NC 21,427,00021.4m $21.0m $21.0m 3.41% Added +8.9m +8,927,000
19 SHENKMAN CAPITAL MANAGEMENT INC 2.07% of their portfolio NEW YORK, NY 20,706,00020.7m $20.3m $20.3m 2.07% New
20 SONA ASSET MANAGEMENT (US) LLC 0.65% of their portfolio NEW YORK, NY 17,500,00017.5m $17.2m $17.2m 0.65% New
21 LORD, ABBETT & CO. LLC 0.06% of their portfolio JERSEY CITY, NJ 17,282,00017.3m $16.9m $16.9m 0.06% Reduced -5.4m -5,387,000
22 FMR LLC 0.00% of their portfolio BOSTON, MA 16,585,00016.6m $16.2m $16.2m 0.00% Unchanged
23 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 16,225,00016.2m $15.9m $15.9m 0.02% New
24 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 15,177,00015.2m $14.9m $14.9m 0.03% New
25 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 15,000,00015.0m $14.7m $14.7m 0.04% Reduced -2.5m -2,500,000
26 BlackRock, Inc. 0.00% of their portfolio New York, NY 13,350,00013.3m $13.0m $13.0m 0.00% Added +350.0k +350,000
27 HBK INVESTMENTS L P 0.19% of their portfolio DALLAS, TX 11,295,00011.3m $11.1m $11.1m 0.19% Reduced -54.1m -54,125,000
28 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 10,100,00010.1m $9.9m $9.9m 0.01% Unchanged
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 8,563,6008.6m $8.4m $8.4m 0.00% Reduced -2.4m -2,374,000
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,243,0006.2m $6.1m $6.1m 0.00% Reduced -5.6m -5,604,000
31 PALISADE CAPITAL MANAGEMENT, LP 0.15% of their portfolio FORT LEE, NJ 5,500,0005.5m $5.4m $5.4m 0.15% New
32 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 4,850,0004.8m $4.7m $4.7m 0.01% Reduced -1.8m -1,771,000
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,591,0004.6m $4.5m $4.5m 0.00% Reduced -768.0k -768,000
34 Pinpoint Asset Management Ltd 0.76% of their portfolio HONG KONG, K3 4,500,0004.5m $4.4m $4.4m 0.76% New
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,512,0002.5m $2.5m $2.5m 0.00% Reduced -18.6m -18,638,000
36 RWC Asset Management LLP 0.12% of their portfolio LONDON, X0 2,400,0002.4m $2.3m $2.3m 0.12% New
37 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,032,0002.0m $2.0m $2.0m 0.00% Added +1.0m +1,006,000
38 ZAZOVE ASSOCIATES LLC 0.17% of their portfolio INCLINE VILLAGE, NV 2,000,0002.0m $2.0m $2.0m 0.17% Unchanged
39 AXA S.A. 0.00% of their portfolio PARIS, I0 1,530,0001.5m $1.5m $1.5m 0.00% Reduced -850.0k -850,000
40 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $972.0k $972.0k 0.00% New
41 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 950,000950.0k $930.5k $930.5k 0.00% New
42 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 800,000800.0k $784.1k $784.1k 0.00% New
43 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 675,000675.0k $660.9k $660.9k 0.00% New
44 NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio TOKYO, M0 575,000575.0k $563.0k $563.0k 0.00% Unchanged
45 Quaero Capital S.A. 0.70% of their portfolio GENEVE, V8 500,000500.0k $488.7k $488.7k 0.70% Unchanged
46 SSI INVESTMENT MANAGEMENT LLC 0.03% of their portfolio Los Angeles, CA 386,000386.0k $377.1k $377.1k 0.03% Unchanged
47 Union Bancaire Privee, UBP SA 0.00% of their portfolio GENEVA 1, V8 258,000258.0k $255.8k $255.8k 0.00% New
48 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 241,000241.0k $235.8k $235.8k 0.00% Reduced -4.2m -4,164,000
49 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 238,000238.0k $232.9k $232.9k 0.00% New
50 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $196.0k $196.0k 0.00% Unchanged
51 Man Group plc 0.00% of their portfolio LONDON, X0 200,000200.0k $194.5k $194.5k 0.00% Unchanged
52 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 151,000151.0k $147.8k $147.8k 0.01% Reduced -2.0k -2,000
53 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 125,000125.0k $122.1k $122.1k 0.00% New
54 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 125,000125.0k $122.2k $122.2k 0.00% New
55 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 31,00031.0k $30.3k $30.3k 0.00% Added +4.0k +4,000
56 SVB WEALTH LLC 0.00% of their portfolio BOSTON, MA 30,00030.0k $29.3k $29.3k 0.00% New
57 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 26,55026.6k $2.6m $2.6m 0.01% New
58 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 26,00026.0k $25.4k $25.4k 0.00% New
59 FARMERS & MERCHANTS INVESTMENTS INC 0.00% of their portfolio LINCOLN, NE 25,00025.0k $24.3k $24.3k 0.00% Unchanged
60 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 22,00022.0k $21.5k $21.5k 0.00% Added +3.0k +3,000
61 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 10,00010.0k $9.7k $9.7k 0.00% Unchanged
62 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,5001.5k $1.5k $1.5k 0.00% Unchanged
63 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0001.0k $977 $977 0.00% Unchanged
64 Alpine Global Management, LLC 0.26% of their portfolio NEW YORK, NY 1,0001.0k $978.0k $978.0k 0.26% New
65 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged