Vault-13

MARATHON DIGITAL HOLDINGS IN MARA 1 12.01.26

NOTE 1.000%12/0 · US DOMESTIC · CUSIP 565788AB2

22 institutional holders -4 vs Q4 2023
1,200,0001.2m shares reported held*
$283.6mreported value*
0 new 8 added 1 reduced 4 sold out net sold ≈ $3.9m (+200.0k 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 ≈ $236.30.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

02040Q4 22: 31Q1 23: 38Q2 23: 35Q3 23: 21Q4 23: 26Q1 24: 2222Q4 22Q1 23Q2 23Q3 23Q4 23Q1 24
Numbers
QuarterHolders
Q4 202231
Q1 202338
Q2 202335
Q3 202321
Q4 202326
Q1 202422

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 23: 18 bought or addedQ1 23: 13 cut or sold outQ1 23Q2 23: 7 bought or addedQ2 23: 18 cut or sold outQ2 23Q3 23: 7 bought or addedQ3 23: 23 cut or sold outQ3 23Q4 23: 13 bought or addedQ4 23: 6 cut or sold outQ4 23Q1 24: 8 bought or addedQ1 24: 5 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q1 20231813
Q2 2023718
Q3 2023723
Q4 2023136
Q1 202485

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$25m$50m$75m$100mQ2 23 calls: $0Q2 23 puts: $85.9mQ2 23P/C —Q3 23 calls: $0Q3 23 puts: $0Q3 23P/C —Q4 23 calls: $0Q4 23 puts: $0Q4 23P/C —Q1 24 calls: $0Q1 24 puts: $0Q1 24P/C —
Numbers
QuarterCallsPutsP/C
Q2 2023$0$85.9m—
Q3 2023$0$0—
Q4 2023$0$0—
Q1 2024$0$0—

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +5,250,000+5.2m
Davidson Kempner Capital Management LP Added +5,000,000+5.0m
Ionic Capital Management LLC Added +3,500,000+3.5m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Added +3,350,000+3.4m
Jefferies Financial Group Inc. Added +1,530,000+1.5m
CSS LLC/IL Added +1,150,000+1.1m
JANE STREET GROUP, LLC Added +200,000+200.0k
BlackRock Inc. Added +100,000+100.0k

Biggest sellers

Context Capital Management, LLC Reduced -40,455,252-40.5m
AMERIPRISE FINANCIAL INC Sold out -12,280,000-12.3m
Segantii Capital Management Ltd Sold out -10,000,000-10.0m
BANK OF NOVA SCOTIA Sold out -1,750,000-1.8m
JPMORGAN CHASE & CO Sold out -600,000-600.0k

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Davidson Kempner Capital Management LP 0.94% of their portfolio New York, NY 75,001,00075.0m $63.3m $63.3m 0.94% Added +5.0m +5,000,000
2 Solus Alternative Asset Management LP 10.69% of their portfolio Summit, NJ 41,633,00041.6m $35.2m $35.2m 10.69% Unchanged
3 WHITEBOX ADVISORS LLC 1.12% of their portfolio MINNEAPOLIS, MN 34,755,00034.8m $29.3m $29.3m 1.12% Unchanged
4 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.11% of their portfolio NEW YORK, NY 30,805,00030.8m $25.9m $25.9m 1.11% Added +3.4m +3,350,000
5 Jefferies Financial Group Inc. 0.35% of their portfolio NEW YORK, NY 20,190,00020.2m $17.3m $17.3m 0.35% Added +1.5m +1,530,000
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 16,950,00016.9m $14.3m $14.3m 0.02% Added +5.2m +5,250,000
7 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 10,000,00010.0m $8.5m $8.5m 0.04% Unchanged
8 Ionic Capital Management LLC 4.19% of their portfolio NEW YORK, NY 8,050,0008.1m $6.8m $6.8m 4.19% Added +3.5m +3,500,000
9 Parallax Volatility Advisers, L.P. 0.17% of their portfolio San Francisco, CA 7,000,0007.0m $5.9m $5.9m 0.17% Unchanged
10 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 7,000,0007.0m $6.0m $6.0m 0.02% Unchanged
11 CSS LLC/IL 0.40% of their portfolio CHICAGO, IL 5,850,0005.8m $5.0m $5.0m 0.40% Added +1.1m +1,150,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 5,450,0005.5m $4.6m $4.6m 0.00% Unchanged
13 III Capital Management 0.19% of their portfolio BOCA RATON, FL 4,000,0004.0m $3.4m $3.4m 0.19% Unchanged
14 BlackRock Inc. 0.00% of their portfolio New York, NY 2,625,0002.6m $2.2m $2.2m 0.00% Added +100.0k +100,000
15 CAPSTONE INVESTMENT ADVISORS, LLC 0.04% of their portfolio NEW YORK, NY 2,500,0002.5m $2.1m $2.1m 0.04% Unchanged
16 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,200,0001.2m $1.0m $1.0m 0.00% Added +200.0k +200,000
17 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 400,000400.0k $400.0k $400.0k 0.00% Unchanged
18 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 250,000250.0k $212.4k $212.4k 0.01% Unchanged
19 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 200,000200.0k $168.8k $168.8k 0.00% Unchanged
20 Context Capital Management, LLC 1.74% of their portfolio LAJOLLA, CA 42,74842.7k $36.4m $36.4m 1.74% Reduced -40.5m -40,455,252
21 K2 PRINCIPAL FUND, L.P. 3.70% of their portfolio TORONTO, A6 18,25018.2k $15.5m $15.5m 3.70% Unchanged
22 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged