Vault-13

HUBSPOT INC HUBS 0.375 06.01.25

NOTE 0.375% 6/0 · US DOMESTIC · CUSIP 443573AD2

44 institutional holders +3 vs Q1 2024
13,176,96413.2m shares reported held*
$878.1mreported value*
8 new 11 added 11 reduced 6 sold out net sold ≈ $48.3m (-18.9m 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 ≈ $66.64.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 47Q4 22: 42Q1 23: 47Q2 23: 44Q3 23: 43Q4 23: 46Q1 24: 41Q2 24: 4444Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202247
Q4 202242
Q1 202347
Q2 202344
Q3 202343
Q4 202346
Q1 202441
Q2 202444

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: 20 cut or sold outQ4 22Q1 23: 28 bought or addedQ1 23: 24 cut or sold outQ2 23: 19 bought or addedQ2 23: 28 cut or sold outQ2 23Q3 23: 15 bought or addedQ3 23: 19 cut or sold outQ4 23: 14 bought or addedQ4 23: 20 cut or sold outQ4 23Q1 24: 13 bought or addedQ1 24: 28 cut or sold outQ2 24: 19 bought or addedQ2 24: 17 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222120
Q1 20232824
Q2 20231928
Q3 20231519
Q4 20231420
Q1 20241328
Q2 20241917

Biggest buyers

BANK OF NOVA SCOTIA New +20,225,000+20.2m
BNP PARIBAS FINANCIAL MARKETS Added +5,903,000+5.9m
Warberg Asset Management LLC New +5,378,000+5.4m
ADVENT CAPITAL MANAGEMENT /DE/ Added +2,796,000+2.8m
MILLENNIUM MANAGEMENT LLC Added +1,664,000+1.7m
SSI INVESTMENT MANAGEMENT LLC Added +1,145,000+1.1m
AXA S.A. New +850,000+850.0k
Invesco Ltd. Added +250,000+250.0k
BANK OF AMERICA CORP /DE/ New +200,900+200.9k
GOLDMAN SACHS GROUP INC New +150,000+150.0k

Biggest sellers

CITADEL ADVISORS LLC Reduced -11,625,000-11.6m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -11,000,000-11.0m
BANK OF NOVA SCOTIA Sold out -10,000,000-10.0m
Linden Advisors LP Sold out -9,000,000-9.0m
LORD, ABBETT & CO. LLC Reduced -7,898,000-7.9m
FRANKLIN RESOURCES INC Reduced -5,518,000-5.5m
Balyasny Asset Management L.P. Reduced -2,500,000-2.5m
MORGAN STANLEY Sold out -2,490,000-2.5m
MIZUHO SECURITIES USA LLC Sold out -1,000,000-1.0m
LAZARD ASSET MANAGEMENT LLC Reduced -290,000-290.0k

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 2.30% of their portfolio NEW YORK, NY 70,150,00070.2m $146.7m $146.7m 2.30% Unchanged
2 MILLENNIUM MANAGEMENT LLC 0.12% of their portfolio NEW YORK, NY 66,974,00067.0m $139.9m $139.9m 0.12% Added +1.7m +1,664,000
3 LAZARD ASSET MANAGEMENT LLC 0.16% of their portfolio NEW YORK, NY 62,853,00062.9m $131.0m $131.0m 0.16% Reduced -290.0k -290,000
4 CITADEL ADVISORS LLC 0.06% of their portfolio MIAMI, FL 30,875,00030.9m $64.5m $64.5m 0.06% Reduced -11.6m -11,625,000
5 Balyasny Asset Management L.P. 0.12% of their portfolio Chicago, IL 22,500,00022.5m $47.1m $47.1m 0.12% Reduced -2.5m -2,500,000
6 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 22,331,00022.3m $46.5m $46.5m 0.01% Reduced -5.5m -5,518,000
7 BANK OF NOVA SCOTIA 0.08% of their portfolio TORONTO, A6 20,225,00020.2m $42.5m $42.5m 0.08% New
8 D. E. Shaw & Co., Inc. 0.05% of their portfolio New York, NY 15,953,00016.0m $33.4m $33.4m 0.05% Unchanged
9 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 12,974,00013.0m $27.0m $27.0m 0.04% Reduced -7.9m -7,898,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 9,486,0009.5m $19.9m $19.9m 0.00% Added +35.0k +35,000
11 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 9,180,0009.2m $19.1m $19.1m 0.02% Unchanged
12 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 8,800,0008.8m $18.3m $18.3m 0.02% Added +5.9m +5,903,000
13 ADVENT CAPITAL MANAGEMENT /DE/ 0.36% of their portfolio NEW YORK, NY 7,106,0007.1m $14.8m $14.8m 0.36% Added +2.8m +2,796,000
14 FMR LLC 0.00% of their portfolio BOSTON, MA 5,623,0005.6m $11.7m $11.7m 0.00% Reduced -235.0k -235,000
15 Warberg Asset Management LLC 2.98% of their portfolio WINNETKA, IL 5,378,0005.4m $11.2m $11.2m 2.98% New
16 SSI INVESTMENT MANAGEMENT LLC 0.69% of their portfolio Los Angeles, CA 4,327,0004.3m $9.0m $9.0m 0.69% Added +1.1m +1,145,000
17 BlackRock Inc. 0.00% of their portfolio New York, NY 3,864,0003.9m $8.0m $8.0m 0.00% Added +50.0k +50,000
18 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,425,0001.4m $3.0m $3.0m 0.00% Added +250.0k +250,000
19 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,075,0001.1m $2.2m $2.2m 0.01% Reduced -225.0k -225,000
20 CQS (US), LLC 0.50% of their portfolio NEW YORK, NY 877,000877.0k $1.8m $1.8m 0.50% Unchanged
21 AXA S.A. 0.00% of their portfolio PARIS, I0 850,000850.0k $1.8m $1.8m 0.00% New
22 GROUPAMA ASSET MANAGMENT 0.02% of their portfolio PARIS, I0 700,000700.0k $1.5m $1.5m 0.02% Unchanged
23 Quaero Capital S.A. 1.99% of their portfolio GENEVE, V8 700,000700.0k $1.5m $1.5m 1.99% Unchanged
24 Central Pacific Bank - Trust Division 0.06% of their portfolio HONOLULU, HI 240,000240.0k $499.7k $499.7k 0.06% Added +71.0k +71,000
25 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 219,000219.0k $456.5k $456.5k 0.00% Reduced -2.0k -2,000
26 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 200,900200.9k $418.3k $418.3k 0.00% New
27 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 200,000200.0k $417.4k $417.4k 0.00% Unchanged
28 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 150,000150.0k $312.3k $312.3k 0.00% New
29 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 149,000149.0k $312.9k $312.9k 0.00% Unchanged
30 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 125,000125.0k $262.5k $262.5k 0.00% Added +25.0k +25,000
31 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 122,000122.0k $248.5k $248.5k 0.00% New
32 NOMURA HOLDINGS INC 0.44% of their portfolio TOKYO, M0 117,710117.7k $69.4m $69.4m 0.44% Added +1.4k +1,359
33 DNCA FINANCE 0.02% of their portfolio PARIS, I0 100,000100.0k $208.8k $208.8k 0.02% First filing
34 Amundi 0.00% of their portfolio Paris, I0 85,00085.0k $177.7k $177.7k 0.00% Reduced -50.0k -50,000
35 Fox Hill Wealth Management 0.10% of their portfolio DEDHAM, MA 80,00080.0k $167.0k $167.0k 0.10% Reduced -1.0k -1,000
36 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 70,00070.0k $145.7k $145.7k 0.00% Added +3.0k +3,000
37 Virtus Investment Advisers, LLC 0.06% of their portfolio HARTFORD, CT 32,00032.0k $66.6k $66.6k 0.06% Unchanged
38 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 14,00014.0k $29.1k $29.1k 0.00% New
39 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,0009.0k $19.0k $19.0k 0.00% Unchanged
40 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 4,2544.3k $2.5m $2.5m 0.00% Reduced -372 -372
41 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,0003.0k $6.2k $6.2k 0.00% Unchanged
42 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,0001.0k $2.1k $2.1k 0.00% Unchanged
43 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0001.0k $2.1k $2.1k 0.00% New
44 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged