Vault-13

ETSY INC ETSY 0.125 09.01.27

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

52 institutional holders -6 vs Q2 2023
16,547,50516.5m shares reported held*
$500.3mreported value*
6 new 13 added 16 reduced 12 sold out net bought ≈ $14.1m (-6.2m 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 ≈ $30.23.

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 39Q4 22: 44Q1 23: 48Q2 23: 58Q3 23: 5252Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202239
Q4 202244
Q1 202348
Q2 202358
Q3 202352

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 23Q3 23: 19 bought or addedQ3 23: 28 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222114
Q1 20232221
Q2 20232317
Q3 20231928

Biggest buyers

Linden Advisors LP Added +50,100,000+50.1m
READYSTATE ASSET MANAGEMENT LP Added +9,000,000+9.0m
JPMORGAN CHASE & CO Added +6,114,000+6.1m
STATE STREET CORP Added +3,250,000+3.2m
Amundi Added +1,400,000+1.4m
Lombard Odier Asset Management (Europe) Ltd Added +1,400,000+1.4m
NEW YORK STATE COMMON RETIREMENT FUND Added +1,361,000+1.4m
Daiwa Securities Group Inc. New +1,000,000+1.0m
WOLVERINE ASSET MANAGEMENT LLC New +1,000,000+1.0m
VOYA INVESTMENT MANAGEMENT LLC Added +825,000+825.0k

Biggest sellers

ROYAL BANK OF CANADA Reduced -11,296,000-11.3m
SSI INVESTMENT MANAGEMENT LLC Reduced -8,207,000-8.2m
Polar Capital Holdings Plc Sold out -6,500,000-6.5m
Man Group plc Reduced -5,650,000-5.7m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -3,900,000-3.9m
AXA S.A. Sold out -3,400,000-3.4m
Jefferies Financial Group Inc. Reduced -3,136,000-3.1m
DEUTSCHE BANK AG\ Reduced -3,042,000-3.0m
CAPSTONE INVESTMENT ADVISORS, LLC Sold out -3,000,000-3.0m
WESTWOOD HOLDINGS GROUP INC Sold out -3,000,000-3.0m

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.11% of their portfolio ATLANTA, GA 118,665,000118.7m $95.5m $95.5m 0.11% Added +825.0k +825,000
2 LAZARD ASSET MANAGEMENT LLC 0.12% of their portfolio NEW YORK, NY 113,737,000113.7m $91.6m $91.6m 0.12% Unchanged
3 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 93,068,00093.1m $74.9m $74.9m 0.04% Unchanged
4 Linden Advisors LP 0.48% of their portfolio New York, NY 58,600,00058.6m $47.0m $47.0m 0.48% Added +50.1m +50,100,000
5 ADVENT CAPITAL MANAGEMENT /DE/ 0.82% of their portfolio NEW YORK, NY 43,449,00043.4m $35.0m $35.0m 0.82% Reduced -1.9m -1,889,000
6 Calamos Advisors LLC 0.18% of their portfolio NAPERVILLE, IL 41,352,00041.4m $33.2m $33.2m 0.18% Reduced -587.0k -587,000
7 SHENKMAN CAPITAL MANAGEMENT INC 1.17% of their portfolio NEW YORK, NY 19,213,00019.2m $15.6m $15.6m 1.17% Added +688.0k +688,000
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 18,775,00018.8m $15.0m $15.0m 0.00% Added +3.2m +3,250,000
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 15,245,00015.2m $12.2m $12.2m 0.00% Added +6.1m +6,114,000
10 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 14,035,00014.0m $11.2m $11.2m 0.02% Reduced -3.9m -3,900,000
11 READYSTATE ASSET MANAGEMENT LP 0.94% of their portfolio CHICAGO, IL 14,000,00014.0m $11.3m $11.3m 0.94% Added +9.0m +9,000,000
12 FMR LLC 0.00% of their portfolio BOSTON, MA 8,160,0008.2m $6.5m $6.5m 0.00% Reduced -1.4m -1,400,000
13 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 6,899,0006.9m $5.5m $5.5m 0.01% Added +1.4m +1,361,000
14 Sonora Investment Management Group, LLC 0.42% of their portfolio TUCSON, AZ 6,147,0006.1m $4.9m $4.9m 0.42% Reduced -80.0k -80,000
15 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 5,194,0005.2m $4.2m $4.2m 0.00% Reduced -3.0m -3,042,000
16 Man Group plc 0.01% of their portfolio LONDON, X0 4,870,0004.9m $3.9m $3.9m 0.01% Reduced -5.7m -5,650,000
17 BlackRock Inc. 0.00% of their portfolio New York, NY 4,123,0004.1m $3.3m $3.3m 0.00% Added +400.0k +400,000
18 Radcliffe Capital Management, L.P. 0.40% of their portfolio BALA CYNWYD, PA 4,025,0004.0m $3.2m $3.2m 0.40% Unchanged
19 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.35% of their portfolio Miamisburg, OH 3,000,0003.0m $2.4m $2.4m 0.35% Unchanged
20 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,778,0002.8m $2.2m $2.2m 0.00% Unchanged
21 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,600,0002.6m $2.1m $2.1m 0.00% Unchanged
22 EDMOND DE ROTHSCHILD HOLDING S.A. 0.04% of their portfolio CHAMBESY, V8 2,540,0002.5m $2.0m $2.0m 0.04% Unchanged
23 Amundi 0.00% of their portfolio Paris, I0 2,100,0002.1m $1.7m $1.7m 0.00% Added +1.4m +1,400,000
24 Lombard Odier Asset Management (Europe) Ltd 0.09% of their portfolio LONDON, X0 2,100,0002.1m $1.7m $1.7m 0.09% Added +1.4m +1,400,000
25 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,800,0001.8m $1.4m $1.4m 0.00% Reduced -1.0m -1,000,000
26 Cutler Capital Management, LLC 0.56% of their portfolio WORCESTER, MA 1,550,0001.6m $1.2m $1.2m 0.56% Unchanged
27 LBP AM SA 0.03% of their portfolio Paris, I0 1,450,0001.4m $1.2m $1.2m 0.03% Unchanged
28 PUTNAM INVESTMENTS LLC 0.00% of their portfolio BOSTON, MA 1,295,0001.3m $1.0m $1.0m 0.00% Added +509.0k +509,000
29 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $800.0k $800.0k 0.00% Added +495.0k +495,000
30 AQR Arbitrage LLC 0.04% of their portfolio Greenwich, CT 1,000,0001.0m $805.0k $805.0k 0.04% Unchanged
31 WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio CHICAGO, IL 1,000,0001.0m $799.2k $799.2k 0.01% New
32 Daiwa Securities Group Inc. 0.01% of their portfolio CHIYODA-KU,TOKYO, M0 1,000,0001.0m $800.0k $800.0k 0.01% New
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 768,000768.0k $614.4k $614.4k 0.00% Reduced -197.0k -197,000
34 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 650,000650.0k $520.6k $520.6k 0.00% Unchanged
35 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 425,000425.0k $340.0k $340.0k 0.00% Unchanged
36 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 400,000400.0k $322.0k $322.0k 0.01% Reduced -400.0k -400,000
37 SSI INVESTMENT MANAGEMENT LLC 0.02% of their portfolio Los Angeles, CA 363,000363.0k $290.4k $290.4k 0.02% Reduced -8.2m -8,207,000
38 Calamos Wealth Management LLC 0.02% of their portfolio NAPERVILLE, IL 334,000334.0k $267.8k $267.8k 0.02% Reduced -32.0k -32,000
39 INGALLS & SNYDER LLC 0.01% of their portfolio NEW YORK, NY 330,000330.0k $264.0k $264.0k 0.01% New
40 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 243,000243.0k $192.7k $192.7k 0.00% Reduced -3.1m -3,136,000
41 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 160,000160.0k $128.0k $128.0k 0.00% Reduced -11.3m -11,296,000
42 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 150,000150.0k $120.1k $120.1k 0.00% Unchanged
43 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 136,000136.0k $108.9k $108.9k 0.00% Reduced -1.3m -1,335,000
44 Northwest & Ethical Investments L.P. 0.00% of their portfolio TORONTO, A6 120,000120.0k $96.2k $96.2k 0.00% Unchanged
45 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 60,00060.0k $48.0k $48.0k 0.00% Unchanged
46 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 57,00057.0k $46.0k $46.0k 0.00% Added +4.0k +4,000
47 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 37,50537.5k $2.4m $2.4m 0.00% New
48 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 13,00013.0k $10.4k $10.4k 0.00% New
49 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 12,00012.0k $9.6k $9.6k 0.00% New
50 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 10,00010.0k $8.0k $8.0k 0.00% Unchanged
51 Candriam S.C.A. 0.00% of their portfolio STRASSEN, N4 400400 $320.4k $320.4k 0.00% Reduced -1.0k -1,000
52 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged