Vault-13

REDFIN CORP RDFN 0 10.15.25

NOTE 10/1 · US DOMESTIC · CUSIP 75737FAC2

26 institutional holders -2 vs Q1 2023
4,135,0004.1m shares reported held*
$231.5mreported value*
2 new 6 added 9 reduced 4 sold out net sold ≈ $30.8m (-360.0k 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 ≈ $55.98.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 45Q4 22: 37Q1 23: 28Q2 23: 2626Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202245
Q4 202237
Q1 202328
Q2 202326

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 23Q2 23: 8 bought or addedQ2 23: 13 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022730
Q1 2023722
Q2 2023813

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 —Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$15.4m—
Q4 2022$0$17.4m—
Q1 2023$0$31.6m—
Q2 2023$0$0—

Biggest buyers

Linden Advisors LP Added +32,096,000+32.1m
Balyasny Asset Management L.P. New +18,500,000+18.5m
Jefferies Financial Group Inc. Added +4,716,000+4.7m
FMR LLC Added +3,200,000+3.2m
Kohlberg Kravis Roberts & Co. L.P. Added +500,000+500.0k
CITIGROUP INC New +343,000+343.0k
STATE STREET CORP Added +150,000+150.0k
BARCLAYS PLC Added +28,000+28.0k

Biggest sellers

Shaolin Capital Management LLC Sold out -44,500,000-44.5m
REDWOOD CAPITAL MANAGEMENT, LLC Sold out -9,000,000-9.0m
LAZARD ASSET MANAGEMENT LLC Sold out -9,000,000-9.0m
WHITEBOX ADVISORS LLC Reduced -9,000,000-9.0m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -7,285,000-7.3m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -6,102,000-6.1m
BNP PARIBAS FINANCIAL MARKETS Reduced -4,500,000-4.5m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -4,250,000-4.2m
WELLS FARGO & COMPANY/MN Sold out -1,795,000-1.8m
BlackRock Inc. Reduced -825,000-825.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Kohlberg Kravis Roberts & Co. L.P. 1.44% of their portfolio NEW YORK, NY 56,661,00056.7m $46.4m $46.4m 1.44% Added +500.0k +500,000
2 Linden Advisors LP 0.41% of their portfolio New York, NY 47,076,00047.1m $38.6m $38.6m 0.41% Added +32.1m +32,096,000
3 VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ATLANTA, GA 42,385,00042.4m $34.7m $34.7m 0.04% Unchanged
4 Calamos Advisors LLC 0.09% of their portfolio NAPERVILLE, IL 21,186,00021.2m $17.5m $17.5m 0.09% Unchanged
5 Balyasny Asset Management L.P. 0.04% of their portfolio Chicago, IL 18,500,00018.5m $15.1m $15.1m 0.04% New
6 ADVENT CAPITAL MANAGEMENT /DE/ 0.30% of their portfolio NEW YORK, NY 18,395,00018.4m $15.1m $15.1m 0.30% Reduced -6.1m -6,102,000
7 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.84% of their portfolio NEW YORK, NY 17,500,00017.5m $14.4m $14.4m 0.84% Reduced -4.2m -4,250,000
8 WHITEBOX ADVISORS LLC 0.48% of their portfolio MINNEAPOLIS, MN 12,115,00012.1m $9.9m $9.9m 0.48% Reduced -9.0m -9,000,000
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 9,475,0009.5m $7.8m $7.8m 0.00% Added +150.0k +150,000
10 SHENKMAN CAPITAL MANAGEMENT INC 0.46% of their portfolio NEW YORK, NY 7,270,0007.3m $5.9m $5.9m 0.46% Reduced -7.3m -7,285,000
11 Parallax Volatility Advisers, L.P. 0.17% of their portfolio San Francisco, CA 6,000,0006.0m $4.9m $4.9m 0.17% Unchanged
12 Jefferies Financial Group Inc. 0.10% of their portfolio NEW YORK, NY 5,616,0005.6m $4.6m $4.6m 0.10% Added +4.7m +4,716,000
13 FMR LLC 0.00% of their portfolio BOSTON, MA 4,800,0004.8m $3.9m $3.9m 0.00% Added +3.2m +3,200,000
14 CAPSTONE INVESTMENT ADVISORS, LLC 0.10% of their portfolio NEW YORK, NY 4,000,0004.0m $3.3m $3.3m 0.10% Unchanged
15 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,000,0004.0m $3.3m $3.3m 0.01% Unchanged
16 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 3,550,0003.5m $2.9m $2.9m 0.01% Reduced -4.5m -4,500,000
17 BlackRock Inc. 0.00% of their portfolio New York, NY 1,983,0002.0m $1.6m $1.6m 0.00% Reduced -825.0k -825,000
18 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
19 AQR Arbitrage LLC 0.02% of their portfolio Greenwich, CT 600,000600.0k $491.4k $491.4k 0.02% Reduced -600.0k -600,000
20 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 343,000343.0k $279.2k $279.2k 0.00% New
21 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 136,000136.0k $112.2k $112.2k 0.00% Added +28.0k +28,000
22 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 125,000125.0k $101.8k $101.8k 0.00% Reduced -350.0k -350,000
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 85,00085.0k $68.2k $68.2k 0.00% Unchanged
24 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 10,00010.0k $8.0k $8.0k 0.00% Reduced -10.0k -10,000
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,0006.0k $4.9k $4.9k 0.00% Unchanged
26 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged