ETSY INC ETSY
COM · Common Stock · CUSIP 29786A106 · ISIN US29786A1060
American e-commerce company
* 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 ($18.8m this quarter). Holder counts are more reliable. Shares outstanding: 99.1m as of 2025-07-25, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $50.18. Options: 38 managers hold calls ($948.0m notional), 30 hold puts ($454.5m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 697 |
| Q4 2022 | 764 |
| Q1 2023 | 721 |
| Q2 2023 | 684 |
| Q3 2023 | 621 |
| Q4 2023 | 658 |
| Q1 2024 | 623 |
| Q2 2024 | 583 |
| Q3 2024 | 524 |
| Q4 2024 | 535 |
| Q1 2025 | 502 |
| Q2 2025 | 515 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 294 | 340 |
| Q4 2023 | 306 | 312 |
| Q1 2024 | 291 | 314 |
| Q2 2024 | 232 | 333 |
| Q3 2024 | 234 | 330 |
| Q4 2024 | 215 | 284 |
| Q1 2025 | 240 | 275 |
| Q2 2025 | 242 | 261 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $799.7m | $481.0m | 0.60 |
| Q4 2024 | $846.9m | $445.2m | 0.53 |
| Q1 2025 | $663.8m | $349.5m | 0.53 |
| Q2 2025 | $948.0m | $454.5m | 0.48 |
Biggest buyers
| Holocene Advisors, LP | Added | +4.7m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +2.4m |
| GOLDMAN SACHS GROUP INC | Added | +1.6m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.4m |
| Artisan Partners Limited Partnership | New | +997.5k |
| TWO SIGMA INVESTMENTS, LP | Added | +958.6k |
| D. E. Shaw & Co., Inc. | Added | +867.5k |
| MACQUARIE GROUP LTD | New | +759.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +753.3k |
| CIBC WORLD MARKETS CORP | Added | +600.0k |
Biggest sellers
| BlackRock, Inc. | Reduced | -4.1m |
| Impactive Capital LP | Reduced | -1.4m |
| BARCLAYS PLC | Reduced | -1.2m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -1.2m |
| Assenagon Asset Management S.A. | Reduced | -898.4k |
| NOMURA HOLDINGS INC | Sold out | -792.8k |
| Hudson Bay Capital Management LP | Reduced | -789.3k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -736.8k |
| Parallax Volatility Advisers, L.P. | Reduced | -619.9k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -438.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $189.7m3.8m shares |
| CITADEL ADVISORS LLC | Added | $152.4m3.0m shares |
| PEAK6 LLC | Added | $109.7m2.2m shares |
| JANE STREET GROUP, LLC | Added | $91.0m1.8m shares |
| UBS Group AG | Reduced | $77.1m1.5m shares |
| ROYAL BANK OF CANADA | Added | $51.9m1.0m shares |
| IMC-Chicago, LLC | Added | $48.0m957.5k shares |
| Walleye Trading LLC | Added | $39.0m778.3k shares |
| WOLVERINE TRADING, LLC | New | $31.7m626.0k shares |
| SIMPLEX TRADING, LLC | Added | $22.8m453.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $102.9m2.1m shares |
| PEAK6 LLC | Added | $77.7m1.5m shares |
| Walleye Trading LLC | Added | $27.0m539.2k shares |
| ROYAL BANK OF CANADA | Added | $27.0m539.2k shares |
| UBS Group AG | Added | $27.0m538.1k shares |
| CITADEL ADVISORS LLC | Reduced | $25.9m516.8k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $17.3m3.4k shares |
| JANE STREET GROUP, LLC | Reduced | $15.8m314.6k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $15.4m306.8k shares |
| SCOPUS ASSET MANAGEMENT, L.P. | New | $12.3m246.2k shares |
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.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-07-18 | 11.7% |
| RENAISSANCE TECHNOLOGIES LLC 13G · institution -1.6 pts · filed 2025-11-13 | 6.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.8% |
| JANE STREET GROUP, LLC 13G · passive investor new · filed 2026-07-13 | 5.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.1% |
| Elliott Investment Management L.P. 13G · exempt (held before listing) new · filed 2025-11-14 | 5.1% |
Fell to 5% or below in the last year: GOLDMAN SACHS GROUP INC (4.5%, 2026-08-10), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), LONE PINE CAPITAL LLC (0.0%, 2026-02-17), Citadel Securities GP LLC (3.2%, 2026-02-17), NOMURA HOLDINGS INC (0.4%, 2025-11-14), Holocene Advisors, LP (3.1%, 2025-11-14)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 4 | $8.0m | $5.8m |
| Q4 2023 | 0 | — | 3 | $1.5m | $170.7k |
| Q1 2024 | 0 | — | 2 | $4.7m | $4.7m |
| Q2 2024 | 0 | — | 5 | $506.3k | $386.2k |
| Q3 2024 | 0 | — | 6 | $631.6k | $504.9k |
| Q4 2024 | 0 | — | 5 | $458.3k | $458.3k |
| Q1 2025 | 0 | — | 5 | $1.6m | $1.6m |
| Q2 2025 | 0 | — | 6 | $11.2m | $10.1m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-02 | Silverman Josh Chief Executive Officer, director | Sold plan | $8.7m151.7k shares |
| 2025-06-02 | Daniel Nicholas CHIEF PRODUCT OFFICER | Sold plan | $88.2k1.5k shares |
| 2025-05-16 | Colburn Richard Edward III Chief Technology Officer | Sold | $110.5k2.4k shares |
| 2025-05-15 | Blow Marla J Director | Sold plan | $21.1k450 shares |
| 2025-05-01 | Silverman Josh Chief Executive Officer, director | Sold plan | $933.6k21.7k shares |
| 2025-05-01 | Daniel Nicholas CHIEF PRODUCT OFFICER | Sold plan | $64.6k1.5k shares |
| 2025-04-03 | Buckley Merilee CHIEF ACCOUNTING OFFICER | Sold plan | $81.1k1.7k shares |
| 2025-04-03 | Nadal Toni Thompson CHIEF HUMAN RESOURCES OFFICER | Sold plan | $69.7k1.4k shares |
| 2025-04-01 | Silverman Josh Chief Executive Officer, director | Sold | $1.0m21.7k shares |
| 2025-04-01 | Daniel Nicholas CHIEF PRODUCT OFFICER | Sold plan | $72.4k1.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 12.8m $641.5m | Reduced -4.1m |
| VANGUARD GROUP INC 0.01% of their portfolio | 11.8m $592.8m | Reduced -16.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.51% of their portfolio | 7.6m $383.6m | Added +2.4m |
| Holocene Advisors, LP 0.66% of their portfolio | 5.3m $268.0m | Added +4.7m |
| Elliott Investment Management L.P. 2.06% of their portfolio | 5.0m $250.8m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 4.9m $246.5m | Added +1.6m |
| AQR CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 4.4m $221.2m | Reduced -238.1k |
| BARCLAYS PLC 0.08% of their portfolio | 3.9m $194.3m | Reduced -1.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.13% of their portfolio | 3.7m $185.2m | Added +1.4m |
| VAN ECK ASSOCIATES CORP 0.21% of their portfolio | 3.6m $182.9m | Added +117.9k |
| Impactive Capital LP 8.03% of their portfolio | 3.6m $178.1m | Reduced -1.4m |
| STATE STREET CORP 0.01% of their portfolio | 3.4m $168.2m | Reduced -299.5k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 2.7m $133.4m | Added +254.3k |
| MORGAN STANLEY 0.01% of their portfolio | 2.1m $105.4m | Added +545.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.9m $93.5m | Reduced -129.3k |
| FMR LLC 0.01% of their portfolio | 1.8m $91.0m | Reduced -247.1k |
| ACADIAN ASSET MANAGEMENT LLC 0.17% of their portfolio | 1.6m $82.7m | Reduced -1.2m |
| Bares Capital Management, Inc. 6.98% of their portfolio | 1.4m $71.9m | Reduced -75.5k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.4m $70.1m | Added +238.6k |
| NORGES BANK 0.01% of their portfolio | 1.3m $65.2m | Reduced -19.7k |
| UBS Group AG 0.01% of their portfolio | 1.2m $60.7m | Added +272.6k |
| Findlay Park Partners LLP 0.62% of their portfolio | 1.2m $59.8m | Reduced -43.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.2m $58.6m | Reduced -17.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.2m $57.9m | Added +64.9k |
| Assenagon Asset Management S.A. 0.09% of their portfolio | 1.1m $56.6m | Reduced -898.4k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 1.1m $53.6m | Added +867.5k |
| TWO SIGMA INVESTMENTS, LP 0.09% of their portfolio | 1.0m $52.6m | Added +958.6k |
| DAVENPORT & Co LLC 0.29% of their portfolio | 1.0m $52.0m | Reduced -55.9k |
| Pacer Advisors, Inc. 0.13% of their portfolio | 1.0m $50.9m | Reduced -277.5k |
| Artisan Partners Limited Partnership 0.07% of their portfolio | 997.5k $50.0m | New |
| ING GROEP NV 0.28% of their portfolio | 910.3k $45.7m | Added +329.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.16% of their portfolio | 886.5k $44.5m | Added +175.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 818.1k $41.0m | Added +428.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 810.5k $40.7m | Reduced -438.4k |
| CIBC WORLD MARKETS CORP 0.27% of their portfolio | 800.0k $40.1m | Added +600.0k |
| Amundi 0.01% of their portfolio | 783.1k $41.5m | Added +589.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 772.8k $38.8m | Added +63.8k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 759.5k $38.1m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.14% of their portfolio | 753.3k $37.8m | New |
| NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio | 700.0k $35.1m | Added +539.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 683.6k $34.3m | Reduced -113.1k |
| Fiera Capital Corp 0.11% of their portfolio | 649.5k $32.6m | Added +12.9k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 638.8k $32.0m | Reduced -736.8k |
| Quantinno Capital Management LP 0.13% of their portfolio | 613.4k $30.8m | Added +243.1k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 599.9k $30.1m | Reduced -7.4k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 598.2k $30.0m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 592.2k $29.7m | Added +32.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 504.0k $25.3m | Added +84.7k |
| Hudson Bay Capital Management LP 0.17% of their portfolio | 501.4k $25.2m | Reduced -789.3k |
| Man Group plc 0.05% of their portfolio | 421.2k $21.1m | Reduced -19.0k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 405.4k $20.5m | Reduced -42.7k |
| EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 2.50% of their portfolio | 393.8k $19.8m | Added +18.9k |
| Engineers Gate Manager LP 0.24% of their portfolio | 392.4k $19.7m | Added +86.3k |
| CIBC WORLD MARKET INC. 0.04% of their portfolio | 391.9k $19.7m | Added +365.0k |
| Nuveen, LLC 0.01% of their portfolio | 388.1k $19.5m | Added +105.8k |
| Legal & General Group Plc 0.00% of their portfolio | 383.4k $19.2m | Added +19.7k |
| Hook Mill Capital Partners, LP 1.84% of their portfolio | 373.0k $18.7m | New |
| Public Sector Pension Investment Board 0.08% of their portfolio | 355.5k $17.8m | Reduced -1.2k |
| Clearline Capital LP 1.54% of their portfolio | 349.5k $17.5m | Reduced -600 |
| TWO SIGMA ADVISERS, LP 0.04% of their portfolio | 344.2k $17.3m | Added +172.6k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 337.9k $16.9m | Added +12.6k |
| Robeco Institutional Asset Management B.V. 0.03% of their portfolio | 332.7k $16.7m | Reduced -110.8k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 326.5k $16.4m | Reduced -267.3k |
| Ardmore Road Asset Management LP 1.25% of their portfolio | 301.0k $15.1m | New |
| Invesco Ltd. 0.00% of their portfolio | 270.9k $13.6m | Reduced -40.7k |
| IEQ CAPITAL, LLC 0.08% of their portfolio | 264.8k $13.3m | Added +5.1k |
| MERITAGE PORTFOLIO MANAGEMENT 0.81% of their portfolio | 254.0k $12.7m | Reduced -63.6k |
| Railway Pension Investments Ltd 0.18% of their portfolio | 251.2k $12.6m | Unchanged |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 247.8k $12.4m | Reduced -18.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 247.8k $12.4m | Reduced -4.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 238.0k $11.9m | Reduced -29.7k |
| CITIGROUP INC 0.01% of their portfolio | 236.5k $11.9m | Reduced -61.4k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 230.1k $11.5m | Added +49.4k |
| Gotham Asset Management, LLC 0.07% of their portfolio | 226.9k $11.4m | Added +70.1k |
| Aquatic Capital Management LLC 0.22% of their portfolio | 212.3k $10.6m | New |
| Verition Fund Management LLC 0.06% of their portfolio | 211.1k $10.6m | Added +68.0k |
| Swiss National Bank 0.01% of their portfolio | 204.5k $10.3m | Reduced -13.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 203.9k $10.2m | Added +1.5k |
| TWINBEECH CAPITAL LP 0.22% of their portfolio | 195.8k $9.8m | New |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.04% of their portfolio | 190.3k $9.5m | Added +67.6k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.48% of their portfolio | 178.9k $9.0m | Reduced -869 |
| CAPITAL FUND MANAGEMENT S.A. 0.10% of their portfolio | 175.0k $8.8m | Added +124.0k |
| Y-Intercept (Hong Kong) Ltd 0.21% of their portfolio | 172.9k $8.7m | New |
| Parallax Volatility Advisers, L.P. 0.35% of their portfolio | 172.2k $8.6m | Reduced -619.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 170.4k $8.5m | Added +24.4k |
| HRT FINANCIAL LP 0.04% of their portfolio | 157.9k $7.9m | Reduced -156.2k |
| OSSIAM 0.09% of their portfolio | 156.3k $7.8m | Added +91.5k |
| Brevan Howard Capital Management LP 0.08% of their portfolio | 145.9k $7.3m | Added +110.1k |
| BANQUE PICTET & CIE SA 0.07% of their portfolio | 139.3k $7.0m | Reduced -1.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 134.8k $6.8m | Reduced -229.0k |
| Focus Partners Wealth 0.01% of their portfolio | 126.2k $6.3m | Added +102.6k |
| Aequim Alternative Investments LP 0.20% of their portfolio | 122.1k $6.1m | Added +47.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 121.2k $6.1m | Reduced -190.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 117.9k $5.9m | Reduced -3.6k |
| Advisors Asset Management, Inc. 0.10% of their portfolio | 115.5k $5.8m | Reduced -27.3k |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 114.1k $5.7m | Reduced -298.2k |
| Cerity Partners LLC 0.01% of their portfolio | 109.7k $5.5m | Added +15.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 107.6k $5.4m | Reduced -1.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 105.4k $5.3m | Reduced -536 |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.05% of their portfolio | 104.4k $5.2m | Added +16.0k |