Vault-13

ETSY INC ETSY 0.125 10.01.26

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

51 institutional holders +0 vs Q3 2025
3,432,0003.4m shares reported held*
$991.5mreported value*
10 new 10 added 13 reduced 12 sold out net sold ≈ $2.1m (-23.3k 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 ≈ $288.90.

Trends to Q4 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: 59Q3 25: 51Q4 25: 5151Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 202551
Q4 202551

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 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 25Q3 25: 19 bought or addedQ3 25: 32 cut or sold outQ4 25: 20 bought or addedQ4 25: 25 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242834
Q2 20242630
Q3 20242441
Q4 20242126
Q1 20251919
Q2 20251720
Q3 20251932
Q4 20252025

Biggest buyers

SOROS FUND MANAGEMENT LLC Added +52,500,000+52.5m
SONA ASSET MANAGEMENT (US) LLC Added +41,500,000+41.5m
D. E. Shaw & Co., Inc. Added +14,000,000+14.0m
ADVENT CAPITAL MANAGEMENT /DE/ New +8,537,000+8.5m
BARCLAYS PLC Added +4,654,000+4.7m
BlackRock, Inc. Added +3,600,000+3.6m
Amundi New +3,400,000+3.4m
GOLDMAN SACHS GROUP INC Added +2,860,000+2.9m
Lombard Odier Asset Management (Europe) Ltd New +1,605,000+1.6m
RWC Asset Management LLP Added +937,000+937.0k

Biggest sellers

TWO SIGMA INVESTMENTS, LP Sold out -37,672,000-37.7m
AQR Arbitrage LLC Sold out -30,475,000-30.5m
Aequim Alternative Investments LP Reduced -21,500,000-21.5m
Balyasny Asset Management L.P. Sold out -20,000,000-20.0m
JPMORGAN CHASE & CO Reduced -11,308,000-11.3m
BNP PARIBAS FINANCIAL MARKETS Reduced -5,463,000-5.5m
Walleye Capital LLC Reduced -5,000,000-5.0m
BANK OF AMERICA CORP /DE/ Sold out -1,508,000-1.5m
Union Bancaire Privee, UBP SA Sold out -1,125,000-1.1m
Zurcher Kantonalbank (Zurich Cantonalbank) Sold out -925,000-925.0k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SONA ASSET MANAGEMENT (US) LLC 3.92% of their portfolio NEW YORK, NY 119,222,000119.2m $120.8m $120.8m 3.92% Added +41.5m +41,500,000
2 D. E. Shaw & Co., Inc. 0.08% of their portfolio New York, NY 107,804,000107.8m $108.8m $108.8m 0.08% Added +14.0m +14,000,000
3 SOROS FUND MANAGEMENT LLC 1.15% of their portfolio NEW YORK, NY 85,000,00085.0m $86.0m $86.0m 1.15% Added +52.5m +52,500,000
4 Aequim Alternative Investments LP 1.60% of their portfolio MILL VALLEY, CA 80,000,00080.0m $81.0m $81.0m 1.60% Reduced -21.5m -21,500,000
5 DeepCurrents Investment Group LLC 1.54% of their portfolio NEW YORK, NY 40,948,00040.9m $41.4m $41.4m 1.54% Unchanged
6 MacKay Shields LLC 1.31% of their portfolio New York, NY 37,045,00037.0m $37.5m $37.5m 1.31% Reduced -448.0k -448,000
7 TENOR CAPITAL MANAGEMENT Co., L.P. 0.47% of their portfolio NEW YORK, NY 33,265,00033.3m $33.7m $33.7m 0.47% Unchanged
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 21,952,00022.0m $22.2m $22.2m 0.00% Reduced -11.3m -11,308,000
9 Calamos Advisors LLC 0.08% of their portfolio NAPERVILLE, IL 20,000,00020.0m $20.3m $20.3m 0.08% Unchanged
10 Walleye Capital LLC 0.10% of their portfolio NEW YORK, NY 17,471,00017.5m $17.7m $17.7m 0.10% Reduced -5.0m -5,000,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 13,980,00014.0m $14.1m $14.1m 0.00% Added +450.0k +450,000
12 ADVENT CAPITAL MANAGEMENT /DE/ 0.20% of their portfolio NEW YORK, NY 8,537,0008.5m $8.6m $8.6m 0.20% New
13 BlackRock, Inc. 0.00% of their portfolio New York, NY 8,286,0008.3m $8.4m $8.4m 0.00% Added +3.6m +3,600,000
14 FMR LLC 0.00% of their portfolio BOSTON, MA 7,502,0007.5m $7.6m $7.6m 0.00% Unchanged
15 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 7,000,0007.0m $7.1m $7.1m 0.01% Unchanged
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,024,0005.0m $5.1m $5.1m 0.00% Reduced -505.0k -505,000
17 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 4,767,0004.8m $4.8m $4.8m 0.00% Added +4.7m +4,654,000
18 PALISADE CAPITAL MANAGEMENT, LP 0.10% of their portfolio FORT LEE, NJ 3,400,0003.4m $3.4m $3.4m 0.10% Added +165.0k +165,000
19 Amundi 0.09% of their portfolio Paris, I0 3,400,0003.4m $342.9m $342.9m 0.09% New
20 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 3,205,0003.2m $3.2m $3.2m 0.00% Added +2.9m +2,860,000
21 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 3,000,0003.0m $3.0m $3.0m 0.00% Unchanged
22 Ares Systematic Credit Ltd 1.73% of their portfolio LONDON, X0 2,100,0002.1m $2.1m $2.1m 1.73% First filing
23 Lombard Odier Asset Management (Europe) Ltd 0.08% of their portfolio LONDON, X0 1,605,0001.6m $1.6m $1.6m 0.08% New
24 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 1,250,0001.2m $1.3m $1.3m 0.00% Unchanged
25 RWC Asset Management LLP 0.06% of their portfolio LONDON, X0 1,193,0001.2m $1.2m $1.2m 0.06% Added +937.0k +937,000
26 Sunstone Asset Management, LP 0.99% of their portfolio New York, NY 1,000,0001.0m $1.0m $1.0m 0.99% First filing
27 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 887,000887.0k $896.1k $896.1k 0.00% Reduced -16.0k -16,000
28 Man Group plc 0.00% of their portfolio LONDON, X0 800,000800.0k $805.9k $805.9k 0.00% Reduced -500.0k -500,000
29 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 584,000584.0k $589.0k $589.0k 0.00% New
30 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 500,000500.0k $506.9k $506.9k 0.00% Unchanged
31 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 488,000488.0k $492.0k $492.0k 0.00% Reduced -388.0k -388,000
32 INGALLS & SNYDER LLC 0.01% of their portfolio NEW YORK, NY 386,000386.0k $390.0k $390.0k 0.01% Reduced -65.0k -65,000
33 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 292,000292.0k $294.5k $294.5k 0.00% Unchanged
34 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 187,000187.0k $188.6k $188.6k 0.00% Reduced -5.5m -5,463,000
35 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 98,00098.0k $98.8k $98.8k 0.00% Unchanged
36 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 28,00028.0k $28.2k $28.2k 0.00% Unchanged
37 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 25,00025.0k $25.2k $25.2k 0.00% New
38 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 21,00021.0k $2.1m $2.1m 0.00% Added +6.3k +6,320
39 Balboa Wealth Partners 0.00% of their portfolio SCOTTSDALE, AZ 14,00014.0k $14.1k $14.1k 0.00% Reduced -1.0k -1,000
40 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 13,00013.0k $13.1k $13.1k 0.00% New
41 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,00012.0k $12.3k $12.3k 0.00% New
42 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 11,00011.0k $11.1k $11.1k 0.00% New
43 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 10,00010.0k $10.1k $10.1k 0.00% New
44 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 3,0003.0k $3.0k $3.0k 0.00% Unchanged
45 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 3,0003.0k $3.0k $3.0k 0.00% New
46 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,0002.0k $2.0k $2.0k 0.00% Unchanged
47 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,0002.0k $2.0k $2.0k 0.00% Reduced -2.0k -2,000
48 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 1,0001.0k $1.0k $1.0k 0.00% Unchanged
49 UBS Group AG 0.00% of their portfolio ZURICH, V8 670670 $676 $676 0.00% Unchanged
50 ABN AMRO INVESTMENT SOLUTIONS 0.00% of their portfolio PARIS CEDEX 008, I0 200200 $202.5k $202.5k 0.00% Reduced -99.8k -99,800
51 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Unchanged