Vault-13

COINBASE GLOBAL INC COIN 0.25 04.01.30

NOTE 0.250% 4/0 · US DOMESTIC · CUSIP 19260QAF4

74 institutional holders +49 vs Q1 2025
31,649,47031.6m shares reported held*
$1.6bnreported value*
50 new 12 added 8 reduced 1 sold out net bought ≈ $673.9m (+14.7m 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 ($5.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.68. Options: 1 managers hold calls ($4.6m notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q1 25: 25Q2 25: 7474Q1 25Q2 25
Numbers
QuarterHolders
Q1 202525
Q2 202574

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2m$4m$6mQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $4.6mQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$4.6m$00.00

Biggest buyers

Calamos Advisors LLC New +64,432,000+64.4m
LAZARD ASSET MANAGEMENT LLC New +53,875,000+53.9m
Linden Advisors LP Added +45,240,000+45.2m
ROYAL BANK OF CANADA New +38,346,000+38.3m
FMR LLC New +30,321,000+30.3m
Magnetar Financial LLC New +29,250,000+29.2m
BANK OF MONTREAL /CAN/ New +29,000,000+29.0m
M&G PLC Added +27,951,000+28.0m
Verition Fund Management LLC Added +20,978,882+21.0m
BANK OF AMERICA CORP /DE/ New +19,844,000+19.8m

Biggest sellers

ADVENT CAPITAL MANAGEMENT /DE/ Reduced -33,034,000-33.0m
Invesco Ltd. Reduced -8,750,000-8.8m
Thrivent Financial for Lutherans Reduced -2,750,000-2.8m
FRANKLIN RESOURCES INC Reduced -1,485,000-1.5m
RWC Asset Management LLP Reduced -1,400,000-1.4m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Reduced -1,100,000-1.1m
GABELLI FUNDS LLC Reduced -1,000,000-1.0m
KBC Group NV Sold out -300,000-300.0k
Context Capital Management, LLC Reduced -4,730-4.7k

Biggest calls

Brooklands Fund Management Ltd New $4.6m3.5m shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 3.09% of their portfolio New York, NY 384,176,000384.2m $503.0m $503.0m 3.09% Added +45.2m +45,240,000
2 WHITEBOX ADVISORS LLC 2.80% of their portfolio MINNEAPOLIS, MN 78,745,00078.7m $102.8m $102.8m 2.80% Added +1.3m +1,295,000
3 Calamos Advisors LLC 0.36% of their portfolio NAPERVILLE, IL 64,432,00064.4m $84.4m $84.4m 0.36% New
4 M&G PLC 0.43% of their portfolio London, X0 59,061,00059.1m $77.4m $77.4m 0.43% Added +28.0m +27,951,000
5 LAZARD ASSET MANAGEMENT LLC 0.10% of their portfolio NEW YORK, NY 53,875,00053.9m $70.6m $70.6m 0.10% New
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 38,346,00038.3m $50.1m $50.1m 0.00% New
7 FMR LLC 0.00% of their portfolio BOSTON, MA 30,321,00030.3m $39.6m $39.6m 0.00% New
8 Magnetar Financial LLC 0.19% of their portfolio EVANSTON, IL 29,250,00029.2m $38.3m $38.3m 0.19% New
9 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 29,000,00029.0m $38.0m $38.0m 0.02% New
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 23,350,00023.4m $30.6m $30.6m 0.00% Added +4.4m +4,400,000
11 Verition Fund Management LLC 0.16% of their portfolio GREENWICH, CT 21,000,00021.0m $27.5m $27.5m 0.16% Added +21.0m +20,978,882
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 19,844,00019.8m $25.9m $25.9m 0.00% New
13 ADVENT CAPITAL MANAGEMENT /DE/ 0.51% of their portfolio NEW YORK, NY 17,568,00017.6m $23.0m $23.0m 0.51% Reduced -33.0m -33,034,000
14 DeepCurrents Investment Group LLC 0.79% of their portfolio NEW YORK, NY 16,500,00016.5m $21.6m $21.6m 0.79% New
15 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 16,033,00016.0m $20.9m $20.9m 0.01% Added +11.7m +11,696,000
16 Lombard Odier Asset Management (Europe) Ltd 1.45% of their portfolio LONDON, X0 15,406,00015.4m $20.2m $20.2m 1.45% New
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 15,360,00015.4m $20.1m $20.1m 0.00% New
18 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 14,077,00014.1m $18.4m $18.4m 0.00% New
19 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 12,529,00012.5m $16.4m $16.4m 0.04% Reduced -2.8m -2,750,000
20 Universal- Beteiligungs- und Servicegesellschaft mbH 0.03% of their portfolio FRANKFURT AM MAIN, 2M 12,162,00012.2m $15.9m $15.9m 0.03% Added +9.8m +9,826,000
21 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 10,950,00010.9m $14.3m $14.3m 0.01% Reduced -1.1m -1,100,000
22 BlackRock, Inc. 0.00% of their portfolio New York, NY 10,950,00010.9m $14.3m $14.3m 0.00% New
23 Jump Financial, LLC 0.17% of their portfolio Chicago, IL 10,500,00010.5m $13.7m $13.7m 0.17% New
24 STEELHEAD PARTNERS LLC 0.66% of their portfolio SEATTLE, WA 10,000,00010.0m $13.1m $13.1m 0.66% New
25 Mirabaud Asset Management (France) SAS 11.27% of their portfolio PARIS, I0 10,000,00010.0m $11.3m $11.3m 11.27% New
26 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio Paris, I0 9,500,0009.5m $12.4m $12.4m 0.03% Added +1 +1
27 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 9,408,0009.4m $12.3m $12.3m 0.01% New
28 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 9,000,0009.0m $11.7m $11.7m 0.00% New
29 ParaFi Capital LP 1.92% of their portfolio NEW YORK, NY 8,000,0008.0m $10.5m $10.5m 1.92% New
30 OAKTREE CAPITAL MANAGEMENT LP 0.21% of their portfolio LOS ANGELES, CA 7,894,0007.9m $10.3m $10.3m 0.21% Added +5.0m +5,044,000
31 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 7,861,0007.9m $10.3m $10.3m 0.00% Reduced -1.5m -1,485,000
32 SSI INVESTMENT MANAGEMENT LLC 0.67% of their portfolio Los Angeles, CA 7,328,0007.3m $9.6m $9.6m 0.67% New
33 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 6,800,0006.8m $8.9m $8.9m 0.00% Reduced -8.8m -8,750,000
34 Man Group plc 0.02% of their portfolio LONDON, X0 6,490,0006.5m $8.5m $8.5m 0.02% New
35 RWC Asset Management LLP 0.42% of their portfolio LONDON, X0 6,100,0006.1m $8.0m $8.0m 0.42% Reduced -1.4m -1,400,000
36 Polar Capital Holdings Plc 0.04% of their portfolio London, X0 5,260,0005.3m $6.9m $6.9m 0.04% New
37 CSS LLC/IL 0.41% of their portfolio CHICAGO, IL 5,000,0005.0m $6.5m $6.5m 0.41% New
38 Pinpoint Asset Management (Singapore) Pte. Ltd. 1.15% of their portfolio SINGAPORE, U0 5,000,0005.0m $6.6m $6.6m 1.15% First filing
39 SHENKMAN CAPITAL MANAGEMENT INC 0.60% of their portfolio NEW YORK, NY 4,273,0004.3m $6.0m $6.0m 0.60% New
40 GABELLI FUNDS LLC 0.04% of their portfolio Rye, NY 4,000,0004.0m $5.2m $5.2m 0.04% Reduced -1.0m -1,000,000
41 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 3,500,0003.5m $4.6m $4.6m 0.01% New
42 LORD, ABBETT & CO. LLC 0.01% of their portfolio JERSEY CITY, NJ 3,061,0003.1m $4.0m $4.0m 0.01% New
43 Radcliffe Capital Management, L.P. 0.30% of their portfolio BALA CYNWYD, PA 3,000,0003.0m $3.9m $3.9m 0.30% Unchanged
44 Ghisallo Capital Management LLC 0.10% of their portfolio BOSTON, MA 3,000,0003.0m $3.9m $3.9m 0.10% New
45 PIER 88 INVESTMENT PARTNERS LLC 0.71% of their portfolio SAN FRANCISCO, CA 2,914,0002.9m $3.8m $3.8m 0.71% Added +2.8m +2,820,000
46 RATIONAL ADVISORS, INC. 0.36% of their portfolio San Juan, PR 2,820,0002.8m $3.7m $3.7m 0.36% New
47 Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio ZURICH, V8 2,700,0002.7m $3.5m $3.5m 0.01% New
48 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,581,0002.6m $3.4m $3.4m 0.00% New
49 Mint Tower Capital Management B.V. 0.49% of their portfolio AMSTERDAM, P7 2,500,0002.5m $3.3m $3.3m 0.49% New
50 OFI INVEST ASSET MANAGEMENT 0.06% of their portfolio ISSY LES MOULINEAUX, I0 2,200,0002.2m $2.5m $2.5m 0.06% Added +600.0k +600,000
51 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 2,125,0002.1m $2.8m $2.8m 0.01% New
52 ZAZOVE ASSOCIATES LLC 0.21% of their portfolio INCLINE VILLAGE, NV 2,000,0002.0m $2.6m $2.6m 0.21% New
53 BOOTHBAY FUND MANAGEMENT, LLC 0.08% of their portfolio NEW YORK, NY 1,900,0001.9m $2.5m $2.5m 0.08% New
54 AXA S.A. 0.01% of their portfolio PARIS, I0 1,674,0001.7m $2.2m $2.2m 0.01% New
55 PALISADE CAPITAL MANAGEMENT, LP 0.06% of their portfolio FORT LEE, NJ 1,500,0001.5m $2.0m $2.0m 0.06% New
56 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $1.3m $1.3m 0.00% New
57 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $1.3m $1.3m 0.00% Added +200.0k +200,000
58 Quaero Capital S.A. 1.64% of their portfolio GENEVE, V8 1,000,0001.0m $1.3m $1.3m 1.64% New
59 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 906,000906.0k $1.2m $1.2m 0.00% New
60 Amundi 0.00% of their portfolio Paris, I0 510,000510.0k $672.4k $672.4k 0.00% New
61 WT Asset Management Ltd 0.05% of their portfolio HONG KONG, K3 500,000500.0k $654.1k $654.1k 0.05% Unchanged
62 Central Pacific Bank - Trust Division 0.06% of their portfolio HONOLULU, HI 386,000386.0k $503.9k $503.9k 0.06% New
63 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 333,000333.0k $434.7k $434.7k 0.00% New
64 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 280,000280.0k $366.5k $366.5k 0.00% New
65 SG Americas Securities, LLC 0.14% of their portfolio NEW YORK, NY 250,000250.0k $32.8m $32.8m 0.14% New
66 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 136,000136.0k $178.2k $178.2k 0.01% New
67 NOMURA HOLDINGS INC 0.30% of their portfolio TOKYO, M0 107,932107.9k $37.8m $37.8m 0.30% New
68 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 105,000105.0k $137.6k $137.6k 0.00% New
69 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 62,00062.0k $81.1k $81.1k 0.00% New
70 VIRTUS ADVISERS, LLC 0.03% of their portfolio HARTFORD, CT 42,00042.0k $54.8k $54.8k 0.03% New
71 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 21,53821.5k $7.5m $7.5m 0.01% New
72 Context Capital Management, LLC 0.50% of their portfolio LAJOLLA, CA 11,27011.3k $14.8m $14.8m 0.50% Reduced -4.7k -4,730
73 K2 PRINCIPAL FUND, L.P. 1.68% of their portfolio TORONTO, A6 7,0007.0k $9.2m $9.2m 1.68% New
74 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged