Vault-13

ETSY INC ETSY 0.125 09.01.27

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

58 institutional holders +10 vs Q1 2023
22,721,00022.7m shares reported held*
$517.6mreported value*
13 new 10 added 13 reduced 4 sold out net bought ≈ $2.8m (+10.8m 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 ≈ $22.78.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 39Q4 22: 44Q1 23: 48Q2 23: 5858Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202239
Q4 202244
Q1 202348
Q2 202358

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 23Q2 23: 23 bought or addedQ2 23: 17 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222114
Q1 20232221
Q2 20232317

Biggest buyers

ADVENT CAPITAL MANAGEMENT /DE/ Added +24,650,000+24.6m
Polar Capital Holdings Plc New +6,500,000+6.5m
Linden Advisors LP Added +6,500,000+6.5m
NEW YORK STATE COMMON RETIREMENT FUND New +5,538,000+5.5m
LAZARD ASSET MANAGEMENT LLC Added +5,241,000+5.2m
Radcliffe Capital Management, L.P. New +4,025,000+4.0m
Jefferies Financial Group Inc. New +3,379,000+3.4m
STATE STREET CORP Added +3,000,000+3.0m
READYSTATE ASSET MANAGEMENT LP Added +2,500,000+2.5m
Man Group plc Added +1,775,000+1.8m

Biggest sellers

SSI INVESTMENT MANAGEMENT LLC Reduced -19,086,000-19.1m
FMR LLC Reduced -9,560,000-9.6m
AXA S.A. Reduced -8,850,000-8.8m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -8,385,000-8.4m
JPMORGAN CHASE & CO Reduced -7,737,000-7.7m
VOYA INVESTMENT MANAGEMENT LLC Reduced -5,710,000-5.7m
INGALLS & SNYDER LLC Sold out -2,505,000-2.5m
ROYAL BANK OF CANADA Reduced -2,035,000-2.0m
JANE STREET GROUP, LLC Sold out -2,000,000-2.0m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -2,000,000-2.0m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.10% of their portfolio ATLANTA, GA 117,840,000117.8m $98.8m $98.8m 0.10% Reduced -5.7m -5,710,000
2 LAZARD ASSET MANAGEMENT LLC 0.12% of their portfolio NEW YORK, NY 113,737,000113.7m $95.4m $95.4m 0.12% Added +5.2m +5,241,000
3 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 93,068,00093.1m $78.0m $78.0m 0.04% Unchanged
4 ADVENT CAPITAL MANAGEMENT /DE/ 0.76% of their portfolio NEW YORK, NY 45,338,00045.3m $38.0m $38.0m 0.76% Added +24.6m +24,650,000
5 Calamos Advisors LLC 0.18% of their portfolio NAPERVILLE, IL 41,939,00041.9m $35.1m $35.1m 0.18% Reduced -117.0k -117,000
6 SHENKMAN CAPITAL MANAGEMENT INC 1.21% of their portfolio NEW YORK, NY 18,525,00018.5m $15.5m $15.5m 1.21% Reduced -8.4m -8,385,000
7 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 17,935,00017.9m $14.9m $14.9m 0.02% Unchanged
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 15,525,00015.5m $13.0m $13.0m 0.00% Added +3.0m +3,000,000
9 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 11,456,00011.5m $9.5m $9.5m 0.00% Reduced -2.0m -2,035,000
10 Man Group plc 0.03% of their portfolio LONDON, X0 10,520,00010.5m $8.8m $8.8m 0.03% Added +1.8m +1,775,000
11 FMR LLC 0.00% of their portfolio BOSTON, MA 9,560,0009.6m $8.0m $8.0m 0.00% Reduced -9.6m -9,560,000
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 9,131,0009.1m $7.6m $7.6m 0.00% Reduced -7.7m -7,737,000
13 SSI INVESTMENT MANAGEMENT LLC 0.50% of their portfolio Los Angeles, CA 8,570,0008.6m $7.1m $7.1m 0.50% Reduced -19.1m -19,086,000
14 Linden Advisors LP 0.07% of their portfolio New York, NY 8,500,0008.5m $7.1m $7.1m 0.07% Added +6.5m +6,500,000
15 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 8,236,0008.2m $6.9m $6.9m 0.00% Added +1.7m +1,736,000
16 Polar Capital Holdings Plc 0.04% of their portfolio London, X0 6,500,0006.5m $5.5m $5.5m 0.04% New
17 Sonora Investment Management Group, LLC 0.44% of their portfolio TUCSON, AZ 6,227,0006.2m $5.2m $5.2m 0.44% Reduced -5.0k -5,000
18 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 5,538,0005.5m $4.6m $4.6m 0.01% New
19 READYSTATE ASSET MANAGEMENT LP 0.42% of their portfolio CHICAGO, IL 5,000,0005.0m $4.2m $4.2m 0.42% Added +2.5m +2,500,000
20 Radcliffe Capital Management, L.P. 0.29% of their portfolio BALA CYNWYD, PA 4,025,0004.0m $3.4m $3.4m 0.29% New
21 BlackRock Inc. 0.00% of their portfolio New York, NY 3,723,0003.7m $3.1m $3.1m 0.00% Reduced -100.0k -100,000
22 AXA S.A. 0.01% of their portfolio PARIS, I0 3,400,0003.4m $2.8m $2.8m 0.01% Reduced -8.8m -8,850,000
23 Jefferies Financial Group Inc. 0.06% of their portfolio NEW YORK, NY 3,379,0003.4m $2.8m $2.8m 0.06% New
24 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.34% of their portfolio Miamisburg, OH 3,000,0003.0m $2.5m $2.5m 0.34% Unchanged
25 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 3,000,0003.0m $2.5m $2.5m 0.02% Unchanged
26 CAPSTONE INVESTMENT ADVISORS, LLC 0.07% of their portfolio NEW YORK, NY 3,000,0003.0m $2.5m $2.5m 0.07% Reduced -2.0m -2,000,000
27 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,800,0002.8m $2.3m $2.3m 0.00% Unchanged
28 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,778,0002.8m $2.3m $2.3m 0.00% Unchanged
29 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,600,0002.6m $2.2m $2.2m 0.00% Unchanged
30 EDMOND DE ROTHSCHILD HOLDING S.A. 0.04% of their portfolio CHAMBESY, V8 2,540,0002.5m $2.1m $2.1m 0.04% Unchanged
31 Cutler Capital Management, LLC 0.61% of their portfolio WORCESTER, MA 1,550,0001.6m $1.3m $1.3m 0.61% New
32 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,471,0001.5m $1.2m $1.2m 0.00% Added +1.2m +1,234,000
33 LBP AM SA 0.03% of their portfolio Paris, I0 1,450,0001.4m $1.2m $1.2m 0.03% Unchanged
34 COMERICA BANK 0.00% of their portfolio DALLAS, TX 1,225,0001.2m $0 $0 0.00% First filing
35 AQR Arbitrage LLC 0.04% of their portfolio Greenwich, CT 1,000,0001.0m $838.5k $838.5k 0.04% New
36 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 965,000965.0k $804.4k $804.4k 0.00% New
37 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 800,000800.0k $670.8k $670.8k 0.01% Unchanged
38 PUTNAM INVESTMENTS LLC 0.00% of their portfolio BOSTON, MA 786,000786.0k $655.2k $655.2k 0.00% New
39 Amundi 0.00% of their portfolio Paris, I0 700,000700.0k $584.1k $584.1k 0.00% New
40 Lombard Odier Asset Management (Europe) Ltd 0.03% of their portfolio LONDON, X0 700,000700.0k $585.4k $585.4k 0.03% New
41 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 650,000650.0k $543.9k $543.9k 0.00% Unchanged
42 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 505,000505.0k $420.9k $420.9k 0.00% Unchanged
43 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 425,000425.0k $354.4k $354.4k 0.00% Unchanged
44 Calamos Wealth Management LLC 0.02% of their portfolio NAPERVILLE, IL 366,000366.0k $306.1k $306.1k 0.02% Reduced -60.0k -60,000
45 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 355,000355.0k $295.9k $295.9k 0.01% Reduced -386.0k -386,000
46 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $251.0k $251.0k 0.00% Unchanged
47 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 200,000200.0k $166.7k $166.7k 0.00% Unchanged
48 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 150,000150.0k $125.5k $125.5k 0.00% Added +50.0k +50,000
49 Northwest & Ethical Investments L.P. 0.00% of their portfolio TORONTO, A6 120,000120.0k $100.4k $100.4k 0.00% Unchanged
50 BANQUE PICTET & CIE SA 0.07% of their portfolio GENEVA 73, V8 92,00092.0k $7.7m $7.7m 0.07% Unchanged
51 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 60,00060.0k $50.0k $50.0k 0.00% New
52 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 58,00058.0k $48.3k $48.3k 0.00% Added +19.0k +19,000
53 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 53,00053.0k $44.0k $44.0k 0.00% Unchanged
54 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 10,00010.0k $8.3k $8.3k 0.00% Unchanged
55 NINE MASTS CAPITAL Ltd 4.82% of their portfolio CENTRAL, K3 7,5007.5k $6.3m $6.3m 4.82% New
56 UBS Group AG 0.00% of their portfolio ZURICH, V8 6,0006.0k $5.0k $5.0k 0.00% New
57 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 1,4001.4k $1.2m $1.2m 0.01% Unchanged
58 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged