Vault-13

ETSY INC ETSY 0.125 09.01.27

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

57 institutional holders +6 vs Q1 2026
12,048,00012.0m shares reported held*
$604.2mreported value*
14 new 16 added 12 reduced 7 sold out net bought ≈ $50.0m (+2.8m 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 ($641.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.20.

Trends to Q2 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: 51Q2 26: 5757Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 202657

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 10 bought or addedQ3 24: 25 cut or sold outQ4 24: 15 bought or addedQ4 24: 21 cut or sold outQ4 24Q1 25: 19 bought or addedQ1 25: 19 cut or sold outQ2 25: 18 bought or addedQ2 25: 16 cut or sold outQ2 25Q3 25: 19 bought or addedQ3 25: 23 cut or sold outQ4 25: 15 bought or addedQ4 25: 20 cut or sold outQ4 25Q1 26: 24 bought or addedQ1 26: 20 cut or sold outQ2 26: 30 bought or addedQ2 26: 19 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241025
Q4 20241521
Q1 20251919
Q2 20251816
Q3 20251923
Q4 20251520
Q1 20262420
Q2 20263019

Biggest buyers

CAPSTONE INVESTMENT ADVISORS, LLC New +47,000,000+47.0m
Man Group plc Added +24,055,000+24.1m
CAMDEN ASSET MANAGEMENT L P /CA New +22,737,000+22.7m
Sculptor Capital LP New +15,000,000+15.0m
Daiwa Securities Group Inc. Added +12,519,000+12.5m
TORONTO DOMINION BANK Added +10,000,000+10.0m
Burkehill Global Management, LP New +10,000,000+10.0m
JPMORGAN CHASE & CO Added +8,213,000+8.2m
KIM, LLC New +8,000,000+8.0m
SONA ASSET MANAGEMENT (US) LLC New +7,500,000+7.5m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Sold out -95,650,000-95.7m
MILLENNIUM MANAGEMENT LLC Reduced -14,162,000-14.2m
WELLINGTON MANAGEMENT GROUP LLP Sold out -11,042,000-11.0m
Verition Fund Management LLC Reduced -9,000,000-9.0m
ROYAL BANK OF CANADA Reduced -3,733,000-3.7m
LAZARD ASSET MANAGEMENT LLC Reduced -3,115,000-3.1m
BANK OF AMERICA CORP /DE/ Reduced -2,883,000-2.9m
Universal- Beteiligungs- und Servicegesellschaft mbH Sold out -2,090,000-2.1m
Radcliffe Capital Management, L.P. Reduced -2,025,000-2.0m
CITIGROUP INC Reduced -1,746,000-1.7m

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 100,682,000100.7m $95.3m $95.3m 0.06% Reduced -14.2m -14,162,000
2 TENOR CAPITAL MANAGEMENT Co., L.P. 1.00% of their portfolio NEW YORK, NY 74,639,00074.6m $70.8m $70.8m 1.00% Unchanged
3 Opti Capital Management, LP 2.78% of their portfolio New York, NY 48,000,00048.0m $45.5m $45.5m 2.78% Unchanged
4 CAPSTONE INVESTMENT ADVISORS, LLC 0.31% of their portfolio NEW YORK, NY 47,000,00047.0m $44.6m $44.6m 0.31% New
5 Daiwa Securities Group Inc. 0.08% of their portfolio CHIYODA-KU,TOKYO, M0 37,519,00037.5m $35.5m $35.5m 0.08% Added +12.5m +12,519,000
6 Man Group plc 0.05% of their portfolio LONDON, X0 28,021,00028.0m $26.6m $26.6m 0.05% Added +24.1m +24,055,000
7 WOLVERINE ASSET MANAGEMENT LLC 0.34% of their portfolio CHICAGO, IL 27,880,00027.9m $26.4m $26.4m 0.34% Unchanged
8 ADVENT CAPITAL MANAGEMENT /DE/ 0.54% of their portfolio NEW YORK, NY 24,876,00024.9m $23.6m $23.6m 0.54% Added +1.8m +1,755,000
9 CAMDEN ASSET MANAGEMENT L P /CA 0.63% of their portfolio Los Angeles, CA 22,737,00022.7m $21.5m $21.5m 0.63% New
10 Verition Fund Management LLC 0.15% of their portfolio GREENWICH, CT 22,500,00022.5m $21.3m $21.3m 0.15% Reduced -9.0m -9,000,000
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 21,670,00021.7m $20.5m $20.5m 0.00% Added +8.2m +8,213,000
12 TORONTO DOMINION BANK 0.03% of their portfolio TORONTO, ONTARIO, A6 18,904,00018.9m $17.8m $17.8m 0.03% Added +10.0m +10,000,000
13 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 18,568,00018.6m $17.6m $17.6m 0.00% Unchanged
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 16,450,00016.4m $15.5m $15.5m 0.00% Added +1.6m +1,600,000
15 Sculptor Capital LP 0.15% of their portfolio New York, NY 15,000,00015.0m $14.2m $14.2m 0.15% New
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 12,823,00012.8m $12.1m $12.1m 0.00% Added +2.2m +2,225,000
17 Burkehill Global Management, LP 0.34% of their portfolio NEW YORK, NY 10,000,00010.0m $9.5m $9.5m 0.34% New
18 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 9,174,0009.2m $87.0k $87.0k 0.00% Reduced -3.1m -3,115,000
19 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,383,0008.4m $7.9m $7.9m 0.00% Added +4.2m +4,163,000
20 KIM, LLC 1.03% of their portfolio WICHITA, KS 8,000,0008.0m $7.6m $7.6m 1.03% New
21 SONA ASSET MANAGEMENT (US) LLC 0.27% of their portfolio NEW YORK, NY 7,500,0007.5m $7.1m $7.1m 0.27% New
22 OAKTREE CAPITAL MANAGEMENT LP 0.13% of their portfolio LOS ANGELES, CA 7,233,0007.2m $6.9m $6.9m 0.13% New
23 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 6,083,0006.1m $5.8m $5.8m 0.01% Added +2.1m +2,099,000
24 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 5,540,0005.5m $5.2m $5.2m 0.00% Reduced -9.0k -9,000
25 Radcliffe Capital Management, L.P. 0.36% of their portfolio BALA CYNWYD, PA 5,000,0005.0m $4.7m $4.7m 0.36% Reduced -2.0m -2,025,000
26 WATER ISLAND CAPITAL LLC 0.50% of their portfolio NEW YORK, NY 5,000,0005.0m $4.7m $4.7m 0.50% New
27 PALISADE CAPITAL MANAGEMENT, LP 0.19% of their portfolio FORT LEE, NJ 4,617,0004.6m $4.4m $4.4m 0.19% Added +2.2m +2,200,000
28 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 4,000,0004.0m $3.8m $3.8m 0.01% Added +1.0m +1,000,000
29 AVIVA PLC 0.00% of their portfolio LONDON, X0 2,760,0002.8m $2.6m $2.6m 0.00% Reduced -300.0k -300,000
30 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,502,0002.5m $2.4m $2.4m 0.00% Reduced -3.7m -3,733,000
31 Amundi 0.00% of their portfolio Paris, I0 2,500,0002.5m $2.4m $2.4m 0.00% Unchanged
32 Lombard Odier Asset Management (Europe) Ltd 0.10% of their portfolio LONDON, X0 2,500,0002.5m $2.4m $2.4m 0.10% Unchanged
33 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,171,0002.2m $2.1m $2.1m 0.00% Unchanged
34 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
35 FMR LLC 0.00% of their portfolio BOSTON, MA 2,000,0002.0m $1.9m $1.9m 0.00% Unchanged
36 Cutler Capital Management, LLC 0.44% of their portfolio WORCESTER, MA 1,805,0001.8m $1.7m $1.7m 0.44% Reduced -50.0k -50,000
37 Ares Systematic Credit Ltd 0.98% of their portfolio LONDON, X0 1,700,0001.7m $1.6m $1.6m 0.98% Added +1.3m +1,300,000
38 LBP AM SA 0.01% of their portfolio Paris, I0 1,450,0001.4m $1.4m $1.4m 0.01% New
39 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 1,170,0001.2m $1.1m $1.1m 0.00% Reduced -10.0k -10,000
40 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,062,0001.1m $1.0m $1.0m 0.00% New
41 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 861,000861.0k $814.8k $814.8k 0.00% Reduced -1.7m -1,746,000
42 INCOME RESEARCH & MANAGEMENT 0.38% of their portfolio Boston, MA 740,000740.0k $700.3k $700.3k 0.38% Added +435.0k +435,000
43 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 500,000500.0k $473.2k $473.2k 0.00% Unchanged
44 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 347,000347.0k $328.4k $328.4k 0.00% Reduced -2.9m -2,883,000
45 INGALLS & SNYDER LLC 0.01% of their portfolio NEW YORK, NY 345,000345.0k $326.0k $326.0k 0.01% Reduced -35.0k -35,000
46 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 63,00063.0k $59.6k $59.6k 0.00% Added +8.0k +8,000
47 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 51,00051.0k $48.3k $48.3k 0.00% Unchanged
48 Crestwood Advisors Group, LLC 0.00% of their portfolio BOSTON, MA 50,00050.0k $47.3k $47.3k 0.00% New
49 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 19,00019.0k $17.8k $17.8k 0.00% Added +5.0k +5,000
50 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 16,00016.0k $15.2k $15.2k 0.00% Added +4.0k +4,000
51 CSS LLC/IL 0.00% of their portfolio CHICAGO, IL 14,00014.0k $13.3k $13.3k 0.00% Unchanged
52 MGO ONE SEVEN LLC 0.00% of their portfolio Beachwood, OH 10,00010.0k $9.5k $9.5k 0.00% New
53 GRAHAM CAPITAL WEALTH MANAGEMENT, LLC 0.01% of their portfolio WASHINGTON, DC 10,00010.0k $9.5k $9.5k 0.01% Unchanged
54 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 5,0005.0k $4.7k $4.7k 0.00% Unchanged
55 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 3,0003.0k $2.8m $2.8m 0.01% New
56 Alken Asset Management Ltd 0.31% of their portfolio LONDON, X0 300300 $282.0k $282.0k 0.31% Unchanged
57 Context Capital Management, LLC 0.00% of their portfolio LAJOLLA, CA 00 $0 $0 0.00% New