Vault-13

ETSY INC ETSY 0.125 10.01.26

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

59 institutional holders +0 vs Q1 2025
3,530,2263.5m shares reported held*
$629.9mreported value*
5 new 12 added 15 reduced 5 sold out net bought ≈ $3.1m (-23.8k 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 ≈ $178.43.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 61Q4 22: 60Q1 23: 64Q2 23: 67Q3 23: 68Q4 23: 72Q1 24: 71Q2 24: 68Q3 24: 62Q4 24: 59Q1 25: 59Q2 25: 5959Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202261
Q4 202260
Q1 202364
Q2 202367
Q3 202368
Q4 202372
Q1 202471
Q2 202468
Q3 202462
Q4 202459
Q1 202559
Q2 202559

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 23: 34 bought or addedQ3 23: 29 cut or sold outQ4 23: 33 bought or addedQ4 23: 28 cut or sold outQ4 23Q1 24: 28 bought or addedQ1 24: 34 cut or sold outQ2 24: 26 bought or addedQ2 24: 30 cut or sold outQ2 24Q3 24: 24 bought or addedQ3 24: 41 cut or sold outQ4 24: 21 bought or addedQ4 24: 26 cut or sold outQ4 24Q1 25: 19 bought or addedQ1 25: 19 cut or sold outQ2 25: 17 bought or addedQ2 25: 20 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233429
Q4 20233328
Q1 20242834
Q2 20242630
Q3 20242441
Q4 20242126
Q1 20251919
Q2 20251720

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. Added +50,275,000+50.3m
Aequim Alternative Investments LP Added +6,500,000+6.5m
LAZARD ASSET MANAGEMENT LLC Added +5,009,000+5.0m
KIM, LLC New +4,000,000+4.0m
D. E. Shaw & Co., Inc. Added +3,000,000+3.0m
SHENKMAN CAPITAL MANAGEMENT INC Added +2,398,000+2.4m
Jefferies Financial Group Inc. New +1,801,000+1.8m
CITIGROUP INC Added +1,060,000+1.1m
Walleye Capital LLC Added +1,007,000+1.0m
BNP PARIBAS FINANCIAL MARKETS Added +555,000+555.0k

Biggest sellers

READYSTATE ASSET MANAGEMENT LP Reduced -25,000,000-25.0m
Alberta Investment Management Corp Sold out -15,000,000-15.0m
WELLS FARGO & COMPANY/MN Reduced -5,674,000-5.7m
Point72 Asset Management, L.P. Reduced -5,245,000-5.2m
Calamos Advisors LLC Reduced -4,993,000-5.0m
BANK OF AMERICA CORP /DE/ Reduced -4,405,000-4.4m
WELLINGTON MANAGEMENT GROUP LLP Reduced -3,538,000-3.5m
AQR Arbitrage LLC Reduced -3,500,000-3.5m
FLOSSBACH VON STORCH SE Sold out -1,600,000-1.6m
TWO SIGMA INVESTMENTS, LP Reduced -1,500,000-1.5m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 D. E. Shaw & Co., Inc. 0.09% of their portfolio New York, NY 90,804,00090.8m $88.1m $88.1m 0.09% Added +3.0m +3,000,000
2 Aequim Alternative Investments LP 2.26% of their portfolio MILL VALLEY, CA 71,500,00071.5m $69.3m $69.3m 2.26% Added +6.5m +6,500,000
3 TENOR CAPITAL MANAGEMENT Co., L.P. 0.76% of their portfolio NEW YORK, NY 58,265,00058.3m $56.6m $56.6m 0.76% Added +50.3m +50,275,000
4 MacKay Shields LLC 1.17% of their portfolio New York, NY 37,601,00037.6m $36.4m $36.4m 1.17% Reduced -117.0k -117,000
5 AQR Arbitrage LLC 0.85% of their portfolio Greenwich, CT 37,475,00037.5m $36.3m $36.3m 0.85% Reduced -3.5m -3,500,000
6 Point72 Asset Management, L.P. 0.08% of their portfolio STAMFORD, CT 35,505,00035.5m $34.4m $34.4m 0.08% Reduced -5.2m -5,245,000
7 TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio NEW YORK, NY 35,172,00035.2m $33.9m $33.9m 0.06% Reduced -1.5m -1,500,000
8 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 30,000,00030.0m $29.2m $29.2m 0.01% Unchanged
9 Calamos Advisors LLC 0.12% of their portfolio NAPERVILLE, IL 30,000,00030.0m $29.2m $29.2m 0.12% Reduced -5.0m -4,993,000
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 18,478,00018.5m $18.0m $18.0m 0.00% Reduced -242.0k -242,000
11 Walleye Capital LLC 0.16% of their portfolio NEW YORK, NY 17,471,00017.5m $16.9m $16.9m 0.16% Added +1.0m +1,007,000
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 15,595,00015.6m $15.0m $15.0m 0.00% Reduced -4.4m -4,405,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 13,030,00013.0m $12.6m $12.6m 0.00% Unchanged
14 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 9,651,0009.7m $9.3m $9.3m 0.01% Added +555.0k +555,000
15 SHENKMAN CAPITAL MANAGEMENT INC 0.94% of their portfolio NEW YORK, NY 9,364,0009.4m $9.4m $9.4m 0.94% Added +2.4m +2,398,000
16 FMR LLC 0.00% of their portfolio BOSTON, MA 8,966,0009.0m $8.7m $8.7m 0.00% Unchanged
17 READYSTATE ASSET MANAGEMENT LP 0.30% of their portfolio CHICAGO, IL 7,500,0007.5m $7.3m $7.3m 0.30% Reduced -25.0m -25,000,000
18 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 7,000,0007.0m $6.8m $6.8m 0.01% Unchanged
19 BlackRock, Inc. 0.00% of their portfolio New York, NY 6,236,0006.2m $6.0m $6.0m 0.00% Reduced -275.0k -275,000
20 DeepCurrents Investment Group LLC 0.20% of their portfolio NEW YORK, NY 5,500,0005.5m $5.3m $5.3m 0.20% Unchanged
21 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 5,152,0005.2m $5.0m $5.0m 0.01% Added +5.0m +5,009,000
22 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 4,754,0004.8m $4.6m $4.6m 0.00% Reduced -980.0k -980,000
23 KIM, LLC 0.40% of their portfolio WICHITA, KS 4,000,0004.0m $3.9m $3.9m 0.40% New
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 3,247,0003.2m $3.1m $3.1m 0.00% Added +500.0k +500,000
25 PALISADE CAPITAL MANAGEMENT, LP 0.09% of their portfolio FORT LEE, NJ 3,235,0003.2m $3.1m $3.1m 0.09% Unchanged
26 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,224,0003.2m $3.1m $3.1m 0.00% Reduced -5.7m -5,674,000
27 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 3,000,0003.0m $2.9m $2.9m 0.01% Added +1 +1
28 Amundi 0.00% of their portfolio Paris, I0 2,300,0002.3m $2.2m $2.2m 0.00% Unchanged
29 Union Bancaire Privee, UBP SA 0.02% of their portfolio GENEVA 1, V8 2,075,0002.1m $1.7m $1.7m 0.02% Unchanged
30 Lombard Odier Asset Management (Europe) Ltd 0.13% of their portfolio LONDON, X0 1,833,0001.8m $1.8m $1.8m 0.13% Unchanged
31 Jefferies Financial Group Inc. 0.03% of their portfolio NEW YORK, NY 1,801,0001.8m $1.8m $1.8m 0.03% New
32 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,710,0001.7m $1.7m $1.7m 0.00% Added +1.1m +1,060,000
33 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,525,0001.5m $1.5m $1.5m 0.00% Reduced -3.5m -3,538,000
34 Man Group plc 0.00% of their portfolio LONDON, X0 1,300,0001.3m $1.3m $1.3m 0.00% Unchanged
35 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 1,250,0001.2m $1.2m $1.2m 0.00% Unchanged
36 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 925,000925.0k $888.0k $888.0k 0.00% Unchanged
37 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 700,000700.0k $680.7k $680.7k 0.00% Unchanged
38 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 500,000500.0k $487.2k $487.2k 0.00% Added +500.0k +500,000
39 INGALLS & SNYDER LLC 0.02% of their portfolio NEW YORK, NY 446,000446.0k $433.0k $433.0k 0.02% Unchanged
40 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 292,000292.0k $281.8k $281.8k 0.00% Unchanged
41 Northwest & Ethical Investments L.P. 0.00% of their portfolio TORONTO, A6 100,000100.0k $96.5k $96.5k 0.00% Unchanged
42 ABN AMRO INVESTMENT SOLUTIONS 0.00% of their portfolio PARIS CEDEX 008, I0 100,000100.0k $96.9k $96.9k 0.00% New
43 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 96,00096.0k $92.6k $92.6k 0.00% Reduced -1.0k -1,000
44 DNCA FINANCE 0.01% of their portfolio PARIS, I0 80,00080.0k $77.8k $77.8k 0.01% Unchanged
45 Boussard & Gavaudan Investment Management LLP 6.13% of their portfolio London, X0 49,22649.2k $47.8m $47.8m 6.13% Unchanged
46 COMERICA BANK 0.00% of their portfolio DALLAS, TX 32,00032.0k $30.9k $30.9k 0.00% Unchanged
47 Private Wealth Asset Management, LLC 0.00% of their portfolio OMAHA, NE 32,00032.0k $30.9k $30.9k 0.00% Unchanged
48 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 28,00028.0k $27.0k $27.0k 0.00% Unchanged
49 Balboa Wealth Partners 0.00% of their portfolio SCOTTSDALE, AZ 16,00016.0k $15.4k $15.4k 0.00% Reduced -2.0k -2,000
50 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 14,68014.7k $1.4m $1.4m 0.01% Unchanged
51 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 10,00010.0k $10.0k $10.0k 0.00% Added +5.0k +5,000
52 K2 PRINCIPAL FUND, L.P. 1.78% of their portfolio TORONTO, A6 10,00010.0k $9.7m $9.7m 1.78% New
53 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 4,0004.0k $3.9k $3.9k 0.00% New
54 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 4,0004.0k $3.9k $3.9k 0.00% Unchanged
55 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 3,0003.0k $2.9k $2.9k 0.00% Unchanged
56 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 1,0001.0k $966 $966 0.00% Unchanged
57 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,0001.0k $965 $965 0.00% Reduced -1.2m -1,175,000
58 UBS Group AG 0.00% of their portfolio ZURICH, V8 330330 $318 $318 0.00% Unchanged
59 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged