Vault-13

FARFETCH LTD FTCHF 3.75 05.01.27

NOTE 3.750% 5/0 · US DOMESTIC · CUSIP 30744WAD9

33 institutional holders +2 vs Q1 2023
19,330,20619.3m shares reported held*
$295.6mreported value*
6 new 8 added 5 reduced 4 sold out net sold ≈ $1.3m (+3.4m 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 ($3.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $15.47.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 28Q4 22: 27Q1 23: 31Q2 23: 3333Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202228
Q4 202227
Q1 202331
Q2 202333

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 7 bought or addedQ4 22: 12 cut or sold outQ4 22Q1 23: 16 bought or addedQ1 23: 13 cut or sold outQ1 23Q2 23: 14 bought or addedQ2 23: 9 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022712
Q1 20231613
Q2 2023149

Biggest buyers

DeepCurrents Investment Group LLC New +13,000,000+13.0m
ADVENT CAPITAL MANAGEMENT /DE/ Added +4,594,000+4.6m
STATE STREET CORP Added +3,750,000+3.8m
LORD, ABBETT & CO. LLC Added +2,875,000+2.9m
LORD, ABBETT & CO. LLC Added +2,875,000+2.9m
Patient Capital Management, LLC New +2,000,000+2.0m
AMERIPRISE FINANCIAL INC Added +1,600,000+1.6m
MORGAN STANLEY New +136,000+136.0k
BARCLAYS PLC Added +104,000+104.0k
CITIGROUP INC Added +25,000+25.0k

Biggest sellers

Linden Advisors LP Reduced -24,000,000-24.0m
Man Group plc Sold out -2,500,000-2.5m
Patient Capital Management, LLC Sold out -2,000,000-2.0m
JPMORGAN CHASE & CO Reduced -1,885,000-1.9m
JANE STREET GROUP, LLC Sold out -1,500,000-1.5m
BlackRock Inc. Reduced -350,000-350.0k
CREDIT SUISSE AG/ Reduced -200,000-200.0k
AQR Arbitrage LLC Reduced -100,000-100.0k
BANK HAPOALIM BM Sold out -15,000-15.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.41% of their portfolio New York, NY 47,633,00047.6m $39.0m $39.0m 0.41% Reduced -24.0m -24,000,000
2 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 46,000,00046.0m $36.5m $36.5m 0.02% Unchanged
3 Marcho Partners LLP 8.11% of their portfolio LONDON, X0 40,000,00040.0m $32.8m $32.8m 8.11% Unchanged
4 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 28,000,00028.0m $23.1m $23.1m 0.01% Unchanged
5 ADVENT CAPITAL MANAGEMENT /DE/ 0.44% of their portfolio NEW YORK, NY 26,832,00026.8m $21.9m $21.9m 0.44% Added +4.6m +4,594,000
6 AQR Arbitrage LLC 0.90% of their portfolio Greenwich, CT 25,625,00025.6m $20.9m $20.9m 0.90% Reduced -100.0k -100,000
7 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 23,980,00024.0m $19.3m $19.3m 0.01% Added +1.6m +1,600,000
8 Calamos Advisors LLC 0.10% of their portfolio NAPERVILLE, IL 23,171,00023.2m $19.0m $19.0m 0.10% Unchanged
9 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 21,000,00021.0m $17.2m $17.2m 0.04% Unchanged
10 DeepCurrents Investment Group LLC 0.46% of their portfolio NEW YORK, NY 13,000,00013.0m $10.6m $10.6m 0.46% New
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,750,00011.8m $9.7m $9.7m 0.00% Added +3.8m +3,750,000
12 LORD, ABBETT & CO. LLC 0.02% of their portfolio JERSEY CITY, NJ 11,580,00011.6m $9.5m $9.5m 0.02% Added +2.9m +2,875,000
13 LORD, ABBETT & CO. LLC 0.02% of their portfolio JERSEY CITY, NJ 11,580,00011.6m $9.5m $9.5m 0.02% Added +2.9m +2,875,000
14 LMR Partners LLP 0.13% of their portfolio LONDON, X0 7,250,0007.2m $5.9m $5.9m 0.13% Unchanged
15 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 5,750,0005.8m $4.7m $4.7m 0.01% Unchanged
16 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 2,500,0002.5m $2.1m $2.1m 0.00% Unchanged
17 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 2,500,0002.5m $2.0m $2.0m 0.00% Unchanged
18 BlackRock Inc. 0.00% of their portfolio New York, NY 2,275,0002.3m $1.8m $1.8m 0.00% Reduced -350.0k -350,000
19 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,000,0002.0m $1.6m $1.6m 0.00% Unchanged
20 Patient Capital Management, LLC 0.09% of their portfolio BALTIMORE, MD 2,000,0002.0m $1.6m $1.6m 0.09% New
21 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,938,0001.9m $1.6m $1.6m 0.00% Unchanged
22 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 400,000400.0k $391.1k $391.1k 0.00% Reduced -200.0k -200,000
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 252,000252.0k $207.6k $207.6k 0.00% Reduced -1.9m -1,885,000
24 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 250,000250.0k $204.0k $204.0k 0.00% Unchanged
25 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 162,000162.0k $133.5k $133.5k 0.00% Added +104.0k +104,000
26 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 136,000136.0k $109.1k $109.1k 0.00% New
27 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 56,00056.0k $45.1k $45.1k 0.00% Added +25.0k +25,000
28 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 26,60026.6k $2.2m $2.2m 0.02% Added +14.0k +14,000
29 Verition Fund Management LLC 0.05% of their portfolio GREENWICH, CT 4,1594.2k $3.4m $3.4m 0.05% New
30 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,0004.0k $3.2k $3.2k 0.00% New
31 Context Capital Management, LLC 0.18% of their portfolio LAJOLLA, CA 2,5002.5k $2.0m $2.0m 0.18% Unchanged
32 Activest Wealth Management 0.00% of their portfolio AVENTURA, FL 206206 $5.0k $5.0k 0.00% New
33 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged