Vault-13

MARATHON DIGITAL HOLDINGS IN MARA 1 12.01.26

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

8 institutional holders +0 vs Q1 2025
$60.8mprincipal reported held*
$60.4mreported value*
0 new 2 added 1 reduced 0 sold out net sold ≈ $3.6m

* 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 2025

Institutional holders

Managers reporting a position, each quarter

02040Q4 22: 31Q1 23: 38Q2 23: 35Q3 23: 21Q4 23: 26Q1 24: 22Q2 24: 22Q3 24: 22Q4 24: 11Q1 25: 8Q2 25: 88Q4 22Q2 23Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 202231
Q1 202338
Q2 202335
Q3 202321
Q4 202326
Q1 202422
Q2 202422
Q3 202422
Q4 202411
Q1 20258
Q2 20258

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 7 bought or addedQ3 23: 23 cut or sold outQ4 23: 13 bought or addedQ4 23: 6 cut or sold outQ4 23Q1 24: 8 bought or addedQ1 24: 5 cut or sold outQ2 24: 10 bought or addedQ2 24: 8 cut or sold outQ2 24Q3 24: 7 bought or addedQ3 24: 11 cut or sold outQ4 24: 2 bought or addedQ4 24: 17 cut or sold outQ4 24Q1 25: 3 bought or addedQ1 25: 6 cut or sold outQ2 25: 2 bought or addedQ2 25: 1 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023723
Q4 2023136
Q1 202485
Q2 2024108
Q3 2024711
Q4 2024217
Q1 202536
Q2 202521

Biggest buyers

CITIGROUP INC Added +2,000,000+2.0m
K2 PRINCIPAL FUND, L.P. Added +4,000+4.0k

Biggest sellers

Solus Alternative Asset Management LP Reduced -6,003,000-6.0m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Solus Alternative Asset Management LP 11.47% of their portfolio Summit, NJ 35,630,00035.6m $32.1m $32.1m 11.47% Reduced -6.0m -6,003,000
2 DeepCurrents Investment Group LLC 0.45% of their portfolio NEW YORK, NY 13,365,00013.4m $12.2m $12.2m 0.45% Unchanged
3 Ionic Capital Management LLC 6.13% of their portfolio NEW YORK, NY 6,050,0006.0m $5.5m $5.5m 6.13% Unchanged
4 Parallax Volatility Advisers, L.P. 0.09% of their portfolio San Francisco, CA 2,500,0002.5m $2.3m $2.3m 0.09% Unchanged
5 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,250,0002.2m $2.0m $2.0m 0.00% Added +2.0m +2,000,000
6 PALISADE CAPITAL MANAGEMENT, LP 0.03% of their portfolio FORT LEE, NJ 1,000,0001.0m $901.2k $901.2k 0.03% Unchanged
7 K2 PRINCIPAL FUND, L.P. 0.99% of their portfolio TORONTO, A6 6,0006.0k $5.4m $5.4m 0.99% Added +4.0k +4,000
8 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged