Vault-13

ETSY INC ETSY 0.125 09.01.27

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

51 institutional holders -1 vs Q4 2025
9,274,0009.3m shares reported held*
$574.0mreported value*
8 new 16 added 11 reduced 9 sold out net sold ≈ $7.4m (+1.9m 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 ≈ $61.89.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 39Q4 22: 44Q1 23: 48Q2 23: 58Q3 23: 52Q4 23: 58Q1 24: 57Q2 24: 60Q3 24: 53Q4 24: 53Q1 25: 53Q2 25: 51Q3 25: 53Q4 25: 52Q1 26: 5151Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202239
Q4 202244
Q1 202348
Q2 202358
Q3 202352
Q4 202358
Q1 202457
Q2 202460
Q3 202453
Q4 202453
Q1 202553
Q2 202551
Q3 202553
Q4 202552
Q1 202651

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 21 bought or addedQ2 24: 20 cut or sold outQ3 24: 10 bought or addedQ3 24: 25 cut or sold outQ3 24Q4 24: 15 bought or addedQ4 24: 21 cut or sold outQ1 25: 19 bought or addedQ1 25: 19 cut or sold outQ1 25Q2 25: 18 bought or addedQ2 25: 16 cut or sold outQ3 25: 19 bought or addedQ3 25: 23 cut or sold outQ3 25Q4 25: 15 bought or addedQ4 25: 20 cut or sold outQ1 26: 24 bought or addedQ1 26: 20 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20242120
Q3 20241025
Q4 20241521
Q1 20251919
Q2 20251816
Q3 20251923
Q4 20251520
Q1 20262420

Biggest buyers

MILLENNIUM MANAGEMENT LLC Added +98,966,000+99.0m
Daiwa Securities Group Inc. Added +20,000,000+20.0m
Opti Capital Management, LP Added +18,000,000+18.0m
Verition Fund Management LLC Added +8,000,000+8.0m
ROYAL BANK OF CANADA Added +6,075,000+6.1m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +5,000,000+5.0m
WELLS FARGO & COMPANY/MN Added +4,175,000+4.2m
TRUIST FINANCIAL CORP New +3,984,000+4.0m
Radcliffe Capital Management, L.P. Added +3,000,000+3.0m
BANK OF AMERICA CORP /DE/ Added +2,613,000+2.6m

Biggest sellers

D. E. Shaw & Co., Inc. Sold out -62,250,000-62.2m
Linden Advisors LP Sold out -45,982,000-46.0m
FRANKLIN RESOURCES INC Reduced -26,000,000-26.0m
LAZARD ASSET MANAGEMENT LLC Reduced -19,944,000-19.9m
Weiss Asset Management LP Reduced -18,228,000-18.2m
WOLVERINE ASSET MANAGEMENT LLC Reduced -10,500,000-10.5m
VOYA INVESTMENT MANAGEMENT LLC Reduced -7,000,000-7.0m
UBS Group AG Sold out -4,065,000-4.1m
Context Capital Management, LLC Sold out -3,750,000-3.8m
EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC Sold out -3,000,000-3.0m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 114,844,000114.8m $107.1m $107.1m 0.08% Added +99.0m +98,966,000
2 VOYA INVESTMENT MANAGEMENT LLC 0.09% of their portfolio ATLANTA, GA 95,650,00095.7m $89.2m $89.2m 0.09% Reduced -7.0m -7,000,000
3 TENOR CAPITAL MANAGEMENT Co., L.P. 1.07% of their portfolio NEW YORK, NY 74,639,00074.6m $69.7m $69.7m 1.07% Added +5.0m +5,000,000
4 Opti Capital Management, LP 3.24% of their portfolio New York, NY 48,000,00048.0m $44.9m $44.9m 3.24% Added +18.0m +18,000,000
5 Weiss Asset Management LP 0.60% of their portfolio BOSTON, MA 34,782,00034.8m $32.5m $32.5m 0.60% Reduced -18.2m -18,228,000
6 Verition Fund Management LLC 0.29% of their portfolio GREENWICH, CT 31,500,00031.5m $29.4m $29.4m 0.29% Added +8.0m +8,000,000
7 WOLVERINE ASSET MANAGEMENT LLC 0.41% of their portfolio CHICAGO, IL 27,880,00027.9m $26.0m $26.0m 0.41% Reduced -10.5m -10,500,000
8 Daiwa Securities Group Inc. 0.07% of their portfolio CHIYODA-KU,TOKYO, M0 25,000,00025.0m $23.3m $23.3m 0.07% Added +20.0m +20,000,000
9 ADVENT CAPITAL MANAGEMENT /DE/ 0.64% of their portfolio NEW YORK, NY 23,121,00023.1m $21.6m $21.6m 0.64% Reduced -1.4m -1,413,000
10 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 18,568,00018.6m $17.3m $17.3m 0.00% Reduced -26.0m -26,000,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 14,850,00014.8m $13.8m $13.8m 0.00% Added +1.8m +1,800,000
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 13,457,00013.5m $12.6m $12.6m 0.00% Unchanged
13 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 12,289,00012.3m $114.7k $114.7k 0.00% Reduced -19.9m -19,944,000
14 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 11,042,00011.0m $10.3m $10.3m 0.00% Unchanged
15 BlackRock, Inc. 0.00% of their portfolio New York, NY 10,598,00010.6m $9.9m $9.9m 0.00% Added +2.4m +2,350,000
16 TORONTO DOMINION BANK 0.02% of their portfolio TORONTO, ONTARIO, A6 8,904,0008.9m $8.2m $8.2m 0.02% Unchanged
17 Radcliffe Capital Management, L.P. 0.49% of their portfolio BALA CYNWYD, PA 7,025,0007.0m $6.5m $6.5m 0.49% Added +3.0m +3,000,000
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 6,235,0006.2m $5.8m $5.8m 0.00% Added +6.1m +6,075,000
19 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 5,549,0005.5m $5.2m $5.2m 0.00% Reduced -56.0k -56,000
20 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 4,220,0004.2m $3.9m $3.9m 0.00% Added +4.2m +4,175,000
21 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 3,984,0004.0m $3.7m $3.7m 0.01% New
22 Man Group plc 0.01% of their portfolio LONDON, X0 3,966,0004.0m $3.7m $3.7m 0.01% Added +496.0k +496,000
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,230,0003.2m $3.0m $3.0m 0.00% Added +2.6m +2,613,000
24 AVIVA PLC 0.00% of their portfolio LONDON, X0 3,060,0003.1m $2.9m $2.9m 0.00% Unchanged
25 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $2.8m $2.8m 0.01% Unchanged
26 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,607,0002.6m $2.4m $2.4m 0.00% Added +1.1m +1,104,000
27 Amundi 0.00% of their portfolio Paris, I0 2,500,0002.5m $2.3k $2.3k 0.00% Unchanged
28 Lombard Odier Asset Management (Europe) Ltd 0.13% of their portfolio LONDON, X0 2,500,0002.5m $2.3m $2.3m 0.13% Unchanged
29 PALISADE CAPITAL MANAGEMENT, LP 0.08% of their portfolio FORT LEE, NJ 2,417,0002.4m $2.3m $2.3m 0.08% New
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,171,0002.2m $2.0m $2.0m 0.00% Added +1.9m +1,915,000
31 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,090,0002.1m $2.0m $2.0m 0.00% New
32 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,050,0002.0m $1.9m $1.9m 0.00% Unchanged
33 FMR LLC 0.00% of their portfolio BOSTON, MA 2,000,0002.0m $1.9m $1.9m 0.00% Unchanged
34 Cutler Capital Management, LLC 0.48% of their portfolio WORCESTER, MA 1,855,0001.9m $1.7m $1.7m 0.48% Reduced -50.0k -50,000
35 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 1,180,0001.2m $1.1m $1.1m 0.00% Reduced -80.0k -80,000
36 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 800,000800.0k $745.9k $745.9k 0.00% Unchanged
37 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 500,000500.0k $465.0k $465.0k 0.00% New
38 Ares Systematic Credit Ltd 0.29% of their portfolio LONDON, X0 400,000400.0k $372.8k $372.8k 0.29% Reduced -2.2m -2,200,000
39 INGALLS & SNYDER LLC 0.01% of their portfolio NEW YORK, NY 380,000380.0k $354.0k $354.0k 0.01% Unchanged
40 INCOME RESEARCH & MANAGEMENT 0.17% of their portfolio Boston, MA 305,000305.0k $283.8k $283.8k 0.17% Added +80.0k +80,000
41 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 200,000200.0k $186.2k $186.2k 0.00% New
42 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 55,00055.0k $51.1k $51.1k 0.00% New
43 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 51,00051.0k $47.5k $47.5k 0.00% Unchanged
44 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 16,00016.0k $14.9k $14.9k 0.00% Unchanged
45 CSS LLC/IL 0.00% of their portfolio CHICAGO, IL 14,00014.0k $13.1k $13.1k 0.00% Unchanged
46 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 14,00014.0k $13.1k $13.1k 0.00% Added +1.0k +1,000
47 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,00012.0k $11.2k $11.2k 0.00% New
48 GRAHAM CAPITAL WEALTH MANAGEMENT, LLC 0.01% of their portfolio WASHINGTON, DC 10,00010.0k $9.3k $9.3k 0.01% Reduced -15.0k -15,000
49 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 5,0005.0k $4.7k $4.7k 0.00% New
50 Alken Asset Management Ltd 0.50% of their portfolio LONDON, X0 300300 $278.0k $278.0k 0.50% Unchanged
51 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Unchanged