Vault-13

MARA HOLDINGS INC MARA 2.125 09.01.31

NOTE 2.125% 9/0 · GLOBAL · CUSIP 565788AD8

23 institutional holders +0 vs Q1 2026
$299.3mprincipal reported held*
$335.5mreported value*
6 new 9 added 5 reduced 6 sold out net sold ≈ $357.5k (-2.5m 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.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0102030Q3 25: 24Q4 25: 23Q1 26: 23Q2 26: 2323Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 202524
Q4 202523
Q1 202623
Q2 202623

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 25: 12 bought or addedQ4 25: 13 cut or sold outQ4 25Q1 26: 10 bought or addedQ1 26: 10 cut or sold outQ1 26Q2 26: 15 bought or addedQ2 26: 11 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 20251213
Q1 20261010
Q2 20261511

Biggest buyers

ARISTEIA CAPITAL, L.L.C. New +35,659,000+35.7m
Context Capital Management, LLC Added +23,867,000+23.9m
Linden Advisors LP Added +19,500,000+19.5m
Isabella Capital Management LLP Added +11,500,000+11.5m
SSI INVESTMENT MANAGEMENT LLC New +8,754,000+8.8m
CITIGROUP INC Added +8,162,000+8.2m
TWO SIGMA INVESTMENTS, LP Added +8,000,000+8.0m
Sculptor Capital LP Added +5,000,000+5.0m
ADVENT CAPITAL MANAGEMENT /DE/ Added +3,659,000+3.7m
BlackRock, Inc. Added +1,275,000+1.3m

Biggest sellers

WOLVERINE ASSET MANAGEMENT LLC Sold out -32,820,000-32.8m
DLD Asset Management, LP Sold out -30,000,000-30.0m
LMR Partners LLP Sold out -15,000,000-15.0m
Point72 Asset Management, L.P. Sold out -14,207,000-14.2m
FMR LLC Reduced -13,120,000-13.1m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -13,000,000-13.0m
CSS LLC/IL Reduced -6,500,000-6.5m
SSI INVESTMENT MANAGEMENT LLC Sold out -2,529,000-2.5m
JANE STREET GROUP, LLC Sold out -275,000-275.0k
MORGAN STANLEY Reduced -100,000-100.0k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WHITEBOX ADVISORS LLC 0.90% of their portfolio MINNEAPOLIS, MN 49,950,00050.0m $55.5m $55.5m 0.90% Unchanged
2 Linden Advisors LP 0.28% of their portfolio New York, NY 48,600,00048.6m $54.1m $54.1m 0.28% Added +19.5m +19,500,000
3 Context Capital Management, LLC 0.94% of their portfolio LAJOLLA, CA 41,867,00041.9m $46.8m $46.8m 0.94% Added +23.9m +23,867,000
4 ARISTEIA CAPITAL, L.L.C. 0.63% of their portfolio GREENWICH, CT 35,659,00035.7m $39.8m $39.8m 0.63% New
5 Isabella Capital Management LLP 18.85% of their portfolio LONDON, X0 25,000,00025.0m $28.0m $28.0m 18.85% Added +11.5m +11,500,000
6 ADVENT CAPITAL MANAGEMENT /DE/ 0.42% of their portfolio NEW YORK, NY 16,348,00016.3m $18.4m $18.4m 0.42% Added +3.7m +3,659,000
7 CAPSTONE INVESTMENT ADVISORS, LLC 0.10% of their portfolio NEW YORK, NY 13,327,00013.3m $14.9m $14.9m 0.10% Reduced -13.0m -13,000,000
8 Sculptor Capital LP 0.11% of their portfolio New York, NY 10,000,00010.0m $11.1m $11.1m 0.11% Added +5.0m +5,000,000
9 CSS LLC/IL 0.49% of their portfolio CHICAGO, IL 10,000,00010.0m $11.1m $11.1m 0.49% Reduced -6.5m -6,500,000
10 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 9,591,0009.6m $10.7m $10.7m 0.00% Added +8.2m +8,162,000
11 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 9,433,0009.4m $10.5m $10.5m 0.01% Added +8.0m +8,000,000
12 SSI INVESTMENT MANAGEMENT LLC 0.57% of their portfolio Los Angeles, CA 8,754,0008.8m $9.7m $9.7m 0.57% New
13 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 7,000,0007.0m $7.8m $7.8m 0.03% Unchanged
14 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,925,0005.9m $6.6m $6.6m 0.00% Added +1.3m +1,275,000
15 FMR LLC 0.00% of their portfolio BOSTON, MA 3,125,0003.1m $3.5m $3.5m 0.00% Reduced -13.1m -13,120,000
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,320,0002.3m $2.6m $2.6m 0.00% Reduced -100.0k -100,000
17 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 1,000,0001.0m $1.1m $1.1m 0.00% New
18 Central Pacific Bank - Trust Division 0.07% of their portfolio HONOLULU, HI 583,000583.0k $648.2k $648.2k 0.07% Added +449.0k +449,000
19 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 224,000224.0k $249.1k $249.1k 0.00% Unchanged
20 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 221,000221.0k $244.1k $244.1k 0.00% New
21 Ares Systematic Credit Ltd 0.14% of their portfolio LONDON, X0 200,000200.0k $223.4k $223.4k 0.14% New
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 115,000115.0k $130.7k $130.7k 0.00% Reduced -35.0k -35,000
23 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 18,50018.5k $2.0m $2.0m 0.00% New