Vault-13

ETSY INC ETSY 0.125 09.01.27

NOTE 0.125% 9/0 · US DOMESTIC · CUSIP 29786AAL0

48 institutional holders +4 vs Q4 2022
10,679,70010.7m shares reported held*
$550.8mreported value*
11 new 11 added 13 reduced 8 sold out net sold ≈ $24.9m (+2.2m 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 ≈ $51.58.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 39Q4 22: 44Q1 23: 4848Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202239
Q4 202244
Q1 202348

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 21 bought or addedQ4 22: 14 cut or sold outQ4 22Q1 23: 22 bought or addedQ1 23: 21 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222114
Q1 20232221

Biggest buyers

JPMORGAN CHASE & CO New +16,868,000+16.9m
FMR LLC Added +9,560,000+9.6m
CAPSTONE INVESTMENT ADVISORS, LLC New +5,000,000+5.0m
AXA S.A. Added +3,350,000+3.4m
WESTWOOD HOLDINGS GROUP INC New +3,000,000+3.0m
READYSTATE ASSET MANAGEMENT LP New +2,500,000+2.5m
JANE STREET GROUP, LLC New +2,000,000+2.0m
Linden Advisors LP New +2,000,000+2.0m
MACQUARIE GROUP LTD Added +1,200,000+1.2m
DEUTSCHE BANK AG\ Added +900,000+900.0k

Biggest sellers

SOROS FUND MANAGEMENT LLC Sold out -29,246,000-29.2m
Lombard Odier Asset Management (Europe) Ltd Sold out -8,300,000-8.3m
VOYA INVESTMENT MANAGEMENT LLC Reduced -6,500,000-6.5m
FRANKLIN RESOURCES INC Reduced -5,000,000-5.0m
AVIVA PLC Sold out -5,000,000-5.0m
CREDIT SUISSE AG/ Sold out -3,800,000-3.8m
STATE STREET CORP Reduced -3,400,000-3.4m
LAZARD ASSET MANAGEMENT LLC Reduced -3,328,000-3.3m
CAMDEN ASSET MANAGEMENT L P /CA Sold out -2,500,000-2.5m
BlackRock Inc. Reduced -2,300,000-2.3m

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.12% of their portfolio ATLANTA, GA 123,550,000123.5m $111.8m $111.8m 0.12% Reduced -6.5m -6,500,000
2 LAZARD ASSET MANAGEMENT LLC 0.13% of their portfolio NEW YORK, NY 108,496,000108.5m $98.1m $98.1m 0.13% Reduced -3.3m -3,328,000
3 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 93,068,00093.1m $84.2m $84.2m 0.04% Reduced -5.0m -5,000,000
4 Calamos Advisors LLC 0.19% of their portfolio NAPERVILLE, IL 42,056,00042.1m $38.0m $38.0m 0.19% Added +288.0k +288,000
5 SSI INVESTMENT MANAGEMENT LLC 1.75% of their portfolio Los Angeles, CA 27,656,00027.7m $24.9m $24.9m 1.75% Reduced -279.0k -279,000
6 SHENKMAN CAPITAL MANAGEMENT INC 1.84% of their portfolio NEW YORK, NY 26,910,00026.9m $24.3m $24.3m 1.84% Added +154.0k +154,000
7 ADVENT CAPITAL MANAGEMENT /DE/ 0.36% of their portfolio NEW YORK, NY 20,688,00020.7m $18.7m $18.7m 0.36% Added +802.0k +802,000
8 FMR LLC 0.00% of their portfolio BOSTON, MA 19,120,00019.1m $17.2m $17.2m 0.00% Added +9.6m +9,560,000
9 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 17,935,00017.9m $16.1m $16.1m 0.02% Reduced -1.2m -1,200,000
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 16,868,00016.9m $15.2m $15.2m 0.00% New
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 13,491,00013.5m $12.1m $12.1m 0.00% Reduced -1.4m -1,422,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,525,00012.5m $11.3m $11.3m 0.00% Reduced -3.4m -3,400,000
13 AXA S.A. 0.04% of their portfolio PARIS, I0 12,250,00012.2m $11.1m $11.1m 0.04% Added +3.4m +3,350,000
14 Man Group plc 0.03% of their portfolio LONDON, X0 8,745,0008.7m $7.9m $7.9m 0.03% Reduced -150.0k -150,000
15 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 6,500,0006.5m $5.8m $5.8m 0.00% Added +900.0k +900,000
16 Sonora Investment Management Group, LLC 0.49% of their portfolio TUCSON, AZ 6,232,0006.2m $5.6m $5.6m 0.49% Added +42.0k +42,000
17 CAPSTONE INVESTMENT ADVISORS, LLC 0.14% of their portfolio NEW YORK, NY 5,000,0005.0m $4.5m $4.5m 0.14% New
18 BlackRock Inc. 0.00% of their portfolio New York, NY 3,823,0003.8m $3.4m $3.4m 0.00% Reduced -2.3m -2,300,000
19 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.39% of their portfolio Miamisburg, OH 3,000,0003.0m $2.7m $2.7m 0.39% Unchanged
20 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 3,000,0003.0m $2.7m $2.7m 0.02% New
21 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,800,0002.8m $2.5m $2.5m 0.00% Unchanged
22 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,778,0002.8m $2.5m $2.5m 0.00% Reduced -2.0m -2,000,000
23 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,600,0002.6m $2.4m $2.4m 0.00% Added +1.2m +1,200,000
24 EDMOND DE ROTHSCHILD HOLDING S.A. 0.05% of their portfolio CHAMBESY, V8 2,540,0002.5m $2.3m $2.3m 0.05% Reduced -570.0k -570,000
25 INGALLS & SNYDER LLC 0.12% of their portfolio NEW YORK, NY 2,505,0002.5m $2.3m $2.3m 0.12% Reduced -215.0k -215,000
26 READYSTATE ASSET MANAGEMENT LP 0.28% of their portfolio CHICAGO, IL 2,500,0002.5m $2.3m $2.3m 0.28% New
27 Linden Advisors LP 0.02% of their portfolio New York, NY 2,000,0002.0m $1.8m $1.8m 0.02% New
28 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 2,000,0002.0m $1.8m $1.8m 0.00% New
29 LBP AM SA 0.03% of their portfolio Paris, I0 1,450,0001.4m $1.3m $1.3m 0.03% Unchanged
30 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 800,000800.0k $723.6k $723.6k 0.01% First filing
31 FIRST HAWAIIAN BANK 0.02% of their portfolio HONOLULU, HI 741,000741.0k $666.5k $666.5k 0.02% Unchanged
32 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 650,000650.0k $587.5k $587.5k 0.00% Unchanged
33 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 505,000505.0k $454.3k $454.3k 0.00% Added +175.0k +175,000
34 Calamos Wealth Management LLC 0.03% of their portfolio NAPERVILLE, IL 426,000426.0k $385.1k $385.1k 0.03% Added +28.0k +28,000
35 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 425,000425.0k $382.3k $382.3k 0.00% Unchanged
36 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $271.0k $271.0k 0.00% Added +200.0k +200,000
37 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 237,000237.0k $214.2k $214.2k 0.00% New
38 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 200,000200.0k $179.9k $179.9k 0.00% New
39 Northwest & Ethical Investments L.P. 0.00% of their portfolio TORONTO, A6 120,000120.0k $108.4k $108.4k 0.00% Unchanged
40 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 100,000100.0k $90.4k $90.4k 0.00% Unchanged
41 BANQUE PICTET & CIE SA 0.08% of their portfolio GENEVA 73, V8 92,00092.0k $8.3m $8.3m 0.08% Unchanged
42 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 53,00053.0k $48.0k $48.0k 0.00% Unchanged
43 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 39,00039.0k $35.1k $35.1k 0.00% Unchanged
44 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 10,00010.0k $9.0k $9.0k 0.00% New
45 Alpha Cubed Investments, LLC 0.00% of their portfolio COSTA MESA, CA 10,00010.0k $9.0k $9.0k 0.00% New
46 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 2,7002.7k $2.4m $2.4m 0.00% New
47 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 1,4001.4k $1.2m $1.2m 0.01% Reduced -1.3k -1,300
48 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged