Vault-13

COINBASE GLOBAL INC COIN 0.5 06.01.26

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

53 institutional holders -8 vs Q4 2025
39,759,55839.8m shares reported held*
$1.1bnreported value*
14 new 13 added 12 reduced 22 sold out net sold ≈ $97.5m (-1.0m 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 ≈ $28.08.

Trends to Q1 2026

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: 65Q2 25: 63Q3 25: 61Q4 25: 61Q1 26: 5353Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202254
Q4 202257
Q1 202360
Q2 202353
Q3 202355
Q4 202350
Q1 202445
Q2 202447
Q3 202449
Q4 202458
Q1 202565
Q2 202563
Q3 202561
Q4 202561
Q1 202653

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 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 25Q2 25: 25 bought or addedQ2 25: 34 cut or sold outQ3 25: 33 bought or addedQ3 25: 26 cut or sold outQ3 25Q4 25: 28 bought or addedQ4 25: 22 cut or sold outQ1 26: 27 bought or addedQ1 26: 34 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20242723
Q3 20242019
Q4 20243421
Q1 20253028
Q2 20252534
Q3 20253326
Q4 20252822
Q1 20262734

Biggest buyers

SUSQUEHANNA ADVISORS GROUP, INC. New +140,935,000+140.9m
MOORE CAPITAL MANAGEMENT, LP New +61,282,000+61.3m
Radcliffe Capital Management, L.P. New +56,258,000+56.3m
OAKTREE CAPITAL MANAGEMENT LP New +52,633,000+52.6m
GLAZER CAPITAL, LLC New +48,370,000+48.4m
TORONTO DOMINION BANK New +38,642,000+38.6m
MILLENNIUM MANAGEMENT LLC New +25,000,000+25.0m
FMR LLC Added +23,630,000+23.6m
DeepCurrents Investment Group LLC Added +20,000,000+20.0m
Burkehill Global Management, LP New +20,000,000+20.0m

Biggest sellers

D. E. Shaw & Co., Inc. Reduced -123,000,000-123.0m
VOYA INVESTMENT MANAGEMENT LLC Reduced -115,265,000-115.3m
WHITEBOX ADVISORS LLC Sold out -61,021,000-61.0m
Walleye Capital LLC Sold out -54,088,000-54.1m
SILVERBACK ASSET MANAGEMENT LLC Sold out -32,977,000-33.0m
Calamos Advisors LLC Sold out -27,500,000-27.5m
JPMORGAN CHASE & CO Sold out -20,935,000-20.9m
READYSTATE ASSET MANAGEMENT LP Sold out -19,500,000-19.5m
LAZARD ASSET MANAGEMENT LLC Sold out -18,366,000-18.4m
ADVENT CAPITAL MANAGEMENT /DE/ Sold out -16,969,000-17.0m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.27% of their portfolio ATLANTA, GA 261,685,000261.7m $259.7m $259.7m 0.27% Reduced -115.3m -115,265,000
2 SUSQUEHANNA ADVISORS GROUP, INC. 0.07% of their portfolio BALA CYNWYD, PA 140,935,000140.9m $1.4m $1.4m 0.07% New
3 WOLVERINE ASSET MANAGEMENT LLC 1.60% of their portfolio CHICAGO, IL 103,085,000103.1m $102.3m $102.3m 1.60% Unchanged
4 MOORE CAPITAL MANAGEMENT, LP 2.21% of their portfolio NEW YORK, NY 61,282,00061.3m $60.8m $60.8m 2.21% New
5 DeepCurrents Investment Group LLC 2.40% of their portfolio NEW YORK, NY 58,884,00058.9m $58.4m $58.4m 2.40% Added +20.0m +20,000,000
6 Radcliffe Capital Management, L.P. 4.18% of their portfolio BALA CYNWYD, PA 56,258,00056.3m $55.8m $55.8m 4.18% New
7 OAKTREE CAPITAL MANAGEMENT LP 0.88% of their portfolio LOS ANGELES, CA 52,633,00052.6m $52.2m $52.2m 0.88% New
8 Sculptor Capital LP 0.56% of their portfolio New York, NY 50,000,00050.0m $49.6m $49.6m 0.56% Added +15.0m +15,000,000
9 GLAZER CAPITAL, LLC 1.02% of their portfolio New York, NY 48,370,00048.4m $48.0m $48.0m 1.02% New
10 LORD, ABBETT & CO. LLC 0.13% of their portfolio JERSEY CITY, NJ 41,227,00041.2m $40.9m $40.9m 0.13% Added +6.0m +6,014,000
11 TORONTO DOMINION BANK 0.07% of their portfolio TORONTO, ONTARIO, A6 38,642,00038.6m $38.3m $38.3m 0.07% New
12 FMR LLC 0.00% of their portfolio BOSTON, MA 37,970,00038.0m $37.7m $37.7m 0.00% Added +23.6m +23,630,000
13 Parallax Volatility Advisers, L.P. 1.54% of their portfolio San Francisco, CA 35,000,00035.0m $34.8m $34.8m 1.54% Reduced -5.0m -5,000,000
14 Ovata Capital Management Ltd 4.57% of their portfolio HONG KONG, K3 32,944,00032.9m $32.7m $32.7m 4.57% Added +10.4m +10,444,000
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 26,696,00026.7m $26.7m $26.7m 0.00% Added +114.0k +114,000
16 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 25,000,00025.0m $24.8m $24.8m 0.02% New
17 SONA ASSET MANAGEMENT (US) LLC 0.86% of their portfolio NEW YORK, NY 22,524,00022.5m $22.4m $22.4m 0.86% Reduced -2.5m -2,500,000
18 TENOR CAPITAL MANAGEMENT Co., L.P. 0.31% of their portfolio NEW YORK, NY 20,000,00020.0m $19.9m $19.9m 0.31% Added +15.0m +15,000,000
19 Burkehill Global Management, LP 0.98% of their portfolio NEW YORK, NY 20,000,00020.0m $19.8m $19.8m 0.98% New
20 Jain Global LLC 0.25% of their portfolio NEW YORK, NY 20,000,00020.0m $19.8m $19.8m 0.25% New
21 BlackRock, Inc. 0.00% of their portfolio New York, NY 19,950,00019.9m $19.8m $19.8m 0.00% Added +4.0m +4,000,000
22 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 19,725,00019.7m $19.6m $19.6m 0.02% Reduced -123.0m -123,000,000
23 KIM, LLC 2.44% of their portfolio WICHITA, KS 16,693,00016.7m $16.6m $16.6m 2.44% New
24 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 10,385,00010.4m $10.3m $10.3m 0.02% Unchanged
25 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 10,300,00010.3m $10.2m $10.2m 0.01% Unchanged
26 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 6,656,0006.7m $6.6m $6.6m 0.00% Reduced -2.1m -2,088,000
27 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 6,500,0006.5m $6.4m $6.4m 0.01% New
28 Pinpoint Asset Management (Singapore) Pte. Ltd. 1.05% of their portfolio SINGAPORE, U0 4,500,0004.5m $4.5m $4.5m 1.05% New
29 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 4,395,0004.4m $4.4m $4.4m 0.00% Reduced -11.1m -11,105,000
30 PALISADE CAPITAL MANAGEMENT, LP 0.14% of their portfolio FORT LEE, NJ 4,349,0004.3m $4.3m $4.3m 0.14% Added +108.0k +108,000
31 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,939,0001.9m $1.9m $1.9m 0.00% Added +1.3m +1,271,000
32 RWC Asset Management LLP 0.05% of their portfolio LONDON, X0 1,255,0001.3m $1.2m $1.2m 0.05% Added +655.0k +655,000
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $991.8k $991.8k 0.00% Reduced -4.5m -4,474,000
34 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 800,000800.0k $795.2k $795.2k 0.00% Unchanged
35 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 495,000495.0k $491.1k $491.1k 0.00% Unchanged
36 UBS Group AG 0.00% of their portfolio ZURICH, V8 304,500304.5k $302.0k $302.0k 0.00% Added +303.0k +303,000
37 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 288,000288.0k $285.6k $285.6k 0.00% Reduced -3.8m -3,763,000
38 ZAZOVE ASSOCIATES LLC 0.01% of their portfolio INCLINE VILLAGE, NV 265,000265.0k $264.5k $264.5k 0.01% Added +65.0k +65,000
39 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 250,000250.0k $248.0k $248.0k 0.00% Unchanged
40 Man Group plc 0.00% of their portfolio LONDON, X0 200,000200.0k $201.1k $201.1k 0.00% Unchanged
41 Altshuler Shaham Ltd 0.01% of their portfolio Tel Aviv, L3 160,000160.0k $275.5k $275.5k 0.01% New
42 PIPER SANDLER & CO. 0.14% of their portfolio MINNEAPOLIS, MN 139,000139.0k $137.9k $137.9k 0.14% New
43 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 125,000125.0k $123.6k $123.6k 0.00% Unchanged
44 FARMERS & MERCHANTS INVESTMENTS INC 0.00% of their portfolio LINCOLN, NE 25,00025.0k $24.8k $24.8k 0.00% Unchanged
45 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 23,00023.0k $23.1k $23.1k 0.00% Unchanged
46 Traub Capital Management LLC 0.02% of their portfolio NEEDHAM, MA 19,00019.0k $18.9k $18.9k 0.02% Unchanged
47 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 17,00017.0k $16.9k $16.9k 0.00% Reduced -1.0k -1,000
48 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 16,00016.0k $15.9k $15.9k 0.00% Reduced -15.0k -15,000
49 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,0003.0k $3.0k $3.0k 0.00% Unchanged
50 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,0003.0k $3.0k $3.0k 0.00% Reduced -16.5m -16,507,000
51 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 2,5582.6k $446.6k $446.6k 0.00% Reduced -153.9k -153,902
52 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 2,0002.0k $2.0k $2.0k 0.00% Unchanged
53 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0001.0k $992 $992 0.00% Unchanged