Vault-13

ETSY INC ETSY 0.125 10.01.26

NOTE 0.125%10/0 · US DOMESTIC · CUSIP 29786AAJ5

67 institutional holders +3 vs Q1 2023
7,068,8007.1m shares reported held*
$776.1mreported value*
13 new 17 added 18 reduced 10 sold out net bought ≈ $9.6m (-26.9m 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 ≈ $109.79.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 61Q4 22: 60Q1 23: 64Q2 23: 6767Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202261
Q4 202260
Q1 202364
Q2 202367

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 25 bought or addedQ4 22: 32 cut or sold outQ4 22Q1 23: 34 bought or addedQ1 23: 29 cut or sold outQ1 23Q2 23: 30 bought or addedQ2 23: 28 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222532
Q1 20233429
Q2 20233028

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ3 22 calls: $0Q3 22 puts: $26.4mQ3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$26.4m—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$0—

Biggest buyers

III Capital Management Added +22,634,000+22.6m
CITADEL ADVISORS LLC Added +17,679,000+17.7m
Nuveen Asset Management, LLC New +17,100,000+17.1m
BANK OF AMERICA CORP /DE/ Added +10,967,000+11.0m
ADVENT CAPITAL MANAGEMENT /DE/ New +9,999,000+10.0m
JPMORGAN CHASE & CO New +7,313,000+7.3m
STATE STREET CORP Added +5,250,000+5.2m
SHENKMAN CAPITAL MANAGEMENT INC New +4,039,000+4.0m
MILLENNIUM MANAGEMENT LLC New +4,000,000+4.0m
AXA S.A. New +3,300,000+3.3m

Biggest sellers

MOORE CAPITAL MANAGEMENT, LP Sold out -24,000,000-24.0m
D. E. Shaw & Co., Inc. Reduced -22,500,000-22.5m
Segantii Capital Management Ltd Sold out -15,000,000-15.0m
Mint Tower Capital Management B.V. Reduced -12,000,000-12.0m
FMR LLC Reduced -9,361,000-9.4m
BNP PARIBAS FINANCIAL MARKETS Reduced -8,616,000-8.6m
LAZARD ASSET MANAGEMENT LLC Reduced -8,000,000-8.0m
MIZUHO SECURITIES USA LLC Sold out -5,429,000-5.4m
READYSTATE ASSET MANAGEMENT LP Sold out -5,000,000-5.0m
CSS LLC/IL Sold out -5,000,000-5.0m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Aequim Alternative Investments LP 2.23% of their portfolio MILL VALLEY, CA 95,000,00095.0m $59.4m $59.4m 2.23% Unchanged
2 III Capital Management 6.83% of their portfolio BOCA RATON, FL 73,572,00073.6m $87.3m $87.3m 6.83% Added +22.6m +22,634,000
3 D. E. Shaw & Co., Inc. 0.11% of their portfolio New York, NY 59,435,00059.4m $70.5m $70.5m 0.11% Reduced -22.5m -22,500,000
4 LAZARD ASSET MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 51,347,00051.3m $61.0m $61.0m 0.08% Reduced -8.0m -8,000,000
5 BNP PARIBAS FINANCIAL MARKETS 0.10% of their portfolio PARIS, I0 41,104,00041.1m $48.8m $48.8m 0.10% Reduced -8.6m -8,616,000
6 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 35,788,00035.8m $42.8m $42.8m 0.02% Reduced -412.0k -412,000
7 Calamos Advisors LLC 0.21% of their portfolio NAPERVILLE, IL 35,078,00035.1m $41.6m $41.6m 0.21% Unchanged
8 Mint Tower Capital Management B.V. 5.13% of their portfolio AMSTERDAM, P7 33,050,00033.0m $39.2m $39.2m 5.13% Reduced -12.0m -12,000,000
9 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 23,679,00023.7m $28.1m $28.1m 0.03% Added +17.7m +17,679,000
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 19,670,00019.7m $23.3m $23.3m 0.00% Added +11.0m +10,967,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 18,730,00018.7m $22.2m $22.2m 0.00% Added +5.2m +5,250,000
12 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 17,100,00017.1m $20.3m $20.3m 0.01% New
13 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 16,546,00016.5m $19.7m $19.7m 0.03% Added +2.8m +2,750,000
14 SOROS FUND MANAGEMENT LLC 0.36% of their portfolio NEW YORK, NY 14,000,00014.0m $16.6m $16.6m 0.36% Unchanged
15 ADVENT CAPITAL MANAGEMENT /DE/ 0.24% of their portfolio NEW YORK, NY 9,999,00010.0m $11.9m $11.9m 0.24% New
16 FMR LLC 0.00% of their portfolio BOSTON, MA 9,361,0009.4m $11.1m $11.1m 0.00% Reduced -9.4m -9,361,000
17 Fore Capital, LLC 17.02% of their portfolio New York, NY 8,000,0008.0m $9.5m $9.5m 17.02% Unchanged
18 Walleye Capital LLC 0.17% of their portfolio NEW YORK, NY 8,000,0008.0m $9.5m $9.5m 0.17% Added +3.0m +3,000,000
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,313,0007.3m $8.7m $8.7m 0.00% New
20 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 7,000,0007.0m $8.3m $8.3m 0.01% Added +1.5m +1,500,000
21 Warberg Asset Management LLC 1.79% of their portfolio WINNETKA, IL 5,305,0005.3m $6.3m $6.3m 1.79% Reduced -145.0k -145,000
22 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 5,235,0005.2m $6.2m $6.2m 0.00% Added +2.7m +2,696,000
23 TENOR CAPITAL MANAGEMENT Co., L.P. 0.12% of their portfolio NEW YORK, NY 5,000,0005.0m $5.9m $5.9m 0.12% Reduced -1.5m -1,500,000
24 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 4,900,0004.9m $5.8m $5.8m 0.01% Reduced -1.0m -1,000,000
25 DLD Asset Management, LP 0.72% of their portfolio NEW YORK, NY 4,500,0004.5m $5.4m $5.4m 0.72% Reduced -1.7m -1,740,000
26 MacKay Shields LLC 0.14% of their portfolio New York, NY 4,359,0004.4m $5.2m $5.2m 0.14% Reduced -127.0k -127,000
27 SHENKMAN CAPITAL MANAGEMENT INC 0.37% of their portfolio NEW YORK, NY 4,039,0004.0m $4.8m $4.8m 0.37% New
28 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 4,000,0004.0m $4.7m $4.7m 0.01% New
29 BOOTHBAY FUND MANAGEMENT, LLC 0.14% of their portfolio NEW YORK, NY 3,905,0003.9m $4.6m $4.6m 0.14% Added +213.0k +213,000
30 BlackRock Inc. 0.00% of their portfolio New York, NY 3,882,0003.9m $4.6m $4.6m 0.00% Added +100.0k +100,000
31 AXA S.A. 0.01% of their portfolio PARIS, I0 3,300,0003.3m $4.0m $4.0m 0.01% New
32 RWC Asset Management LLP 0.19% of their portfolio LONDON, X0 3,300,0003.3m $3.9m $3.9m 0.19% Added +1.4m +1,400,000
33 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,080,0003.1m $3.6m $3.6m 0.00% Added +3.1m +3,075,000
34 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 3,000,0003.0m $3.5m $3.5m 0.00% New
35 Man Group plc 0.01% of their portfolio LONDON, X0 2,945,0002.9m $3.5m $3.5m 0.01% Added +2.3m +2,325,000
36 FLOSSBACH VON STORCH SE 0.01% of their portfolio COLOGNE, 2M 2,800,0002.8m $3.3m $3.3m 0.01% Added +1.8m +1,800,000
37 ZAZOVE ASSOCIATES LLC 0.27% of their portfolio INCLINE VILLAGE, NV 2,500,0002.5m $3.0m $3.0m 0.27% Unchanged
38 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 2,500,0002.5m $3.0m $3.0m 0.01% Unchanged
39 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,340,0002.3m $2.8m $2.8m 0.00% Reduced -607.0k -607,000
40 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,100,0002.1m $2.5m $2.5m 0.00% New
41 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,969,0002.0m $2.3m $2.3m 0.00% Reduced -532.0k -532,000
42 JUPITER ASSET MANAGEMENT LTD 0.02% of their portfolio London, X0 1,400,0001.4m $1.7m $1.7m 0.02% New
43 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $1.2m $1.2m 0.00% New
44 LBP AM SA 0.03% of their portfolio Paris, I0 1,000,0001.0m $1.2m $1.2m 0.03% Unchanged
45 EDMOND DE ROTHSCHILD HOLDING S.A. 0.02% of their portfolio CHAMBESY, V8 885,000885.0k $1.1m $1.1m 0.02% New
46 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 725,000725.0k $864.6k $864.6k 0.00% Reduced -70.0k -70,000
47 Worth Venture Partners, LLC 0.40% of their portfolio FORT LEE, NJ 612,000612.0k $726.5k $726.5k 0.40% Added +30.0k +30,000
48 Quaero Capital S.A. 0.46% of their portfolio GENEVE, V8 500,000500.0k $593.0k $593.0k 0.46% Unchanged
49 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 450,000450.0k $532.4k $532.4k 0.00% Unchanged
50 SSI INVESTMENT MANAGEMENT LLC 0.02% of their portfolio Los Angeles, CA 291,000291.0k $344.3k $344.3k 0.02% Unchanged
51 Liberty Mutual Group Asset Management Inc. 0.07% of their portfolio Boston, MA 228,000228.0k $269.7k $269.7k 0.07% Unchanged
52 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 175,000175.0k $207.0k $207.0k 0.00% Unchanged
53 KBC Group NV 0.00% of their portfolio Brussels, C9 100,000100.0k $119.0k $119.0k 0.00% New
54 Northwest & Ethical Investments L.P. 0.00% of their portfolio TORONTO, A6 100,000100.0k $118.7k $118.7k 0.00% Unchanged
55 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 92,00092.0k $108.8k $108.8k 0.00% Added +17.0k +17,000
56 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 26,00026.0k $30.8k $30.8k 0.00% Unchanged
57 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 21,00021.0k $25.0k $25.0k 0.01% Reduced -2.0k -2,000
58 COMERICA BANK 0.00% of their portfolio DALLAS, TX 19,00019.0k $1 $1 0.00% First filing
59 Verition Fund Management LLC 0.34% of their portfolio GREENWICH, CT 18,25018.2k $21.7m $21.7m 0.34% Reduced -1.2k -1,250
60 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 15,00015.0k $17.7k $17.7k 0.00% Unchanged
61 Boussard & Gavaudan Investment Management LLP 1.48% of their portfolio London, X0 12,95213.0k $15.5m $15.5m 1.48% Reduced -10.7k -10,688
62 Iron Horse Wealth Management, LLC 0.01% of their portfolio JOHSTON, IA 9,0009.0k $10.6k $10.6k 0.01% Unchanged
63 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,0004.0k $4.7k $4.7k 0.00% Added +2.0k +2,000
64 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 3,0003.0k $354.9k $354.9k 0.00% New
65 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,0002.0k $2.4k $2.4k 0.00% Unchanged
66 NATIXIS 0.01% of their portfolio PARIS, I0 848848 $1.0m $1.0m 0.01% Reduced -748 -748
67 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged