Vault-13

REDFIN CORP RDFN 0 10.15.25

NOTE 10/1 · US DOMESTIC · CUSIP 75737FAC2

28 institutional holders -9 vs Q4 2022
4,495,0004.5m shares reported held*
$230.6mreported value*
3 new 4 added 10 reduced 12 sold out net sold ≈ $86.1m (-1.2m 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 ≈ $51.30. Options: 0 managers hold calls (— notional), 2 hold puts ($31.6m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 45Q4 22: 37Q1 23: 2828Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202245
Q4 202237
Q1 202328

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 7 bought or addedQ4 22: 30 cut or sold outQ4 22Q1 23: 7 bought or addedQ1 23: 22 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022730
Q1 2023722

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ3 22 calls: $0Q3 22 puts: $15.4mQ3 22P/C —Q4 22 calls: $0Q4 22 puts: $17.4mQ4 22P/C —Q1 23 calls: $0Q1 23 puts: $31.6mQ1 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$15.4m—
Q4 2022$0$17.4m—
Q1 2023$0$31.6m—

Biggest buyers

ADVENT CAPITAL MANAGEMENT /DE/ New +24,497,000+24.5m
Linden Advisors LP New +14,980,000+15.0m
SHENKMAN CAPITAL MANAGEMENT INC Added +8,702,000+8.7m
LAZARD ASSET MANAGEMENT LLC Added +6,759,000+6.8m
FMR LLC Added +800,000+800.0k
JANE STREET GROUP, LLC New +475,000+475.0k
BARCLAYS PLC Added +78,000+78.0k

Biggest sellers

Apollo Management Holdings, L.P. Sold out -28,050,000-28.1m
Shaolin Capital Management LLC Reduced -20,500,000-20.5m
III Capital Management Sold out -20,087,000-20.1m
WHITEBOX ADVISORS LLC Reduced -19,500,000-19.5m
LMR Partners LLP Sold out -12,000,000-12.0m
One Fin Capital Management LP Sold out -10,000,000-10.0m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -9,091,000-9.1m
Jefferies Financial Group Inc. Reduced -8,544,000-8.5m
BAUPOST GROUP LLC/MA Sold out -8,480,000-8.5m
DEUTSCHE BANK AG\ Sold out -8,000,000-8.0m

Biggest calls

None

Biggest puts

DAVIDSON KEMPNER PARTNERS First filing $15.8m22.1m shares
Davidson Kempner Capital Management LP Reduced $15.8m22.1m shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Kohlberg Kravis Roberts & Co. L.P. 1.22% of their portfolio NEW YORK, NY 56,161,00056.2m $40.4m $40.4m 1.22% Reduced -179.0k -179,000
2 Shaolin Capital Management LLC 0.96% of their portfolio Miami, FL 44,500,00044.5m $32.2m $32.2m 0.96% Reduced -20.5m -20,500,000
3 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 42,385,00042.4m $30.5m $30.5m 0.03% Unchanged
4 ADVENT CAPITAL MANAGEMENT /DE/ 0.34% of their portfolio NEW YORK, NY 24,497,00024.5m $17.6m $17.6m 0.34% New
5 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.74% of their portfolio NEW YORK, NY 21,750,00021.8m $15.8m $15.8m 0.74% Reduced -7.8m -7,750,000
6 Calamos Advisors LLC 0.08% of their portfolio NAPERVILLE, IL 21,186,00021.2m $15.3m $15.3m 0.08% Unchanged
7 WHITEBOX ADVISORS LLC 0.73% of their portfolio MINNEAPOLIS, MN 21,115,00021.1m $15.1m $15.1m 0.73% Reduced -19.5m -19,500,000
8 Linden Advisors LP 0.11% of their portfolio New York, NY 14,980,00015.0m $10.9m $10.9m 0.11% New
9 SHENKMAN CAPITAL MANAGEMENT INC 0.80% of their portfolio NEW YORK, NY 14,555,00014.6m $10.5m $10.5m 0.80% Added +8.7m +8,702,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 9,325,0009.3m $6.7m $6.7m 0.00% Reduced -5.4m -5,400,000
11 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 9,000,0009.0m $6.5m $6.5m 0.01% Added +6.8m +6,759,000
12 REDWOOD CAPITAL MANAGEMENT, LLC 0.95% of their portfolio New York, NY 9,000,0009.0m $6.4m $6.4m 0.95% Unchanged
13 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 8,050,0008.1m $5.8m $5.8m 0.01% Unchanged
14 Parallax Volatility Advisers, L.P. 0.15% of their portfolio San Francisco, CA 6,000,0006.0m $4.3m $4.3m 0.15% Unchanged
15 CAPSTONE INVESTMENT ADVISORS, LLC 0.09% of their portfolio NEW YORK, NY 4,000,0004.0m $2.9m $2.9m 0.09% Unchanged
16 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,000,0004.0m $2.9m $2.9m 0.01% Unchanged
17 BlackRock Inc. 0.00% of their portfolio New York, NY 2,808,0002.8m $2.0m $2.0m 0.00% Reduced -3.5m -3,500,000
18 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,795,0001.8m $1.3m $1.3m 0.00% Reduced -3.3m -3,271,000
19 FMR LLC 0.00% of their portfolio BOSTON, MA 1,600,0001.6m $1.1m $1.1m 0.00% Added +800.0k +800,000
20 AQR Arbitrage LLC 0.03% of their portfolio Greenwich, CT 1,200,0001.2m $863.3k $863.3k 0.03% Reduced -475.0k -475,000
21 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 900,000900.0k $658.3k $658.3k 0.01% Reduced -8.5m -8,544,000
22 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 750,000750.0k $538.2k $538.2k 0.00% Unchanged
23 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 475,000475.0k $340.8k $340.8k 0.00% New
24 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 108,000108.0k $78.3k $78.3k 0.00% Added +78.0k +78,000
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 85,00085.0k $60.7k $60.7k 0.00% Reduced -1.9m -1,915,000
26 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 20,00020.0k $14.0k $14.0k 0.00% Unchanged
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,0006.0k $4.3k $4.3k 0.00% Unchanged
28 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged