Vault-13

GROUPON INC GRPN 6.25 03.15.27 *

NOTE 6.250% 3/1 · PRIV PLACEMENT · CUSIP 399473AH0

9 institutional holders +0 vs Q1 2026
$47.3mprincipal reported held*
$53.4mreported value*
0 new 0 added 1 reduced 0 sold out net sold ≈ $2.3m

* 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.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

01020Q4 24: 14Q1 25: 18Q2 25: 13Q3 25: 9Q4 25: 10Q1 26: 9Q2 26: 99Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q4 202414
Q1 202518
Q2 202513
Q3 20259
Q4 202510
Q1 20269
Q2 20269

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q1 25: 8 bought or addedQ1 25: 7 cut or sold outQ1 25Q2 25: 4 bought or addedQ2 25: 10 cut or sold outQ2 25Q3 25: 3 bought or addedQ3 25: 4 cut or sold outQ3 25Q4 25: 1 bought or addedQ4 25: 0 cut or sold outQ4 25Q1 26: 2 bought or addedQ1 26: 1 cut or sold outQ1 26Q2 26: 0 bought or addedQ2 26: 1 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 202587
Q2 2025410
Q3 202534
Q4 202510
Q1 202621
Q2 202601

Biggest buyers

None

Biggest sellers

ZAZOVE ASSOCIATES LLC Reduced -2,000,000-2.0m

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 15,350,00015.3m $17.2m $17.2m 0.01% Unchanged
2 WOLVERINE ASSET MANAGEMENT LLC 0.12% of their portfolio CHICAGO, IL 8,064,0008.1m $9.1m $9.1m 0.12% Unchanged
3 DeepCurrents Investment Group LLC 0.27% of their portfolio NEW YORK, NY 6,996,0007.0m $7.9m $7.9m 0.27% Unchanged
4 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 6,500,0006.5m $7.4m $7.4m 0.03% Unchanged
5 WHITEBOX ADVISORS LLC 0.11% of their portfolio MINNEAPOLIS, MN 6,300,0006.3m $7.1m $7.1m 0.11% Unchanged
6 ZAZOVE ASSOCIATES LLC 0.19% of their portfolio INCLINE VILLAGE, NV 2,000,0002.0m $2.3m $2.3m 0.19% Reduced -2.0m -2,000,000
7 Context Capital Management, LLC 0.03% of their portfolio LAJOLLA, CA 1,250,0001.2m $1.4m $1.4m 0.03% Unchanged
8 Ares Systematic Credit Ltd 0.48% of their portfolio LONDON, X0 700,000700.0k $791.7k $791.7k 0.48% Unchanged
9 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 100,000100.0k $105.6k $105.6k 0.00% Unchanged