Vault-13

REDFIN CORP RDFN 0.5 04.01.27

NOTE 0.500% 4/0 · US DOMESTIC · CUSIP 75737FAE8

36 institutional holders -1 vs Q1 2025
22,260,00022.3m shares reported held*
$439.4mreported value*
10 new 9 added 8 reduced 10 sold out net bought ≈ $1.6m (+14.2m 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.84.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 41Q4 22: 32Q1 23: 32Q2 23: 31Q3 23: 38Q4 23: 31Q1 24: 30Q2 24: 26Q3 24: 38Q4 24: 39Q1 25: 37Q2 25: 3636Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202241
Q4 202232
Q1 202332
Q2 202331
Q3 202338
Q4 202331
Q1 202430
Q2 202426
Q3 202438
Q4 202439
Q1 202537
Q2 202536

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 21 bought or addedQ3 23: 12 cut or sold outQ4 23: 13 bought or addedQ4 23: 22 cut or sold outQ4 23Q1 24: 8 bought or addedQ1 24: 13 cut or sold outQ2 24: 8 bought or addedQ2 24: 11 cut or sold outQ2 24Q3 24: 19 bought or addedQ3 24: 8 cut or sold outQ4 24: 16 bought or addedQ4 24: 16 cut or sold outQ4 24Q1 25: 16 bought or addedQ1 25: 15 cut or sold outQ2 25: 19 bought or addedQ2 25: 18 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232112
Q4 20231322
Q1 2024813
Q2 2024811
Q3 2024198
Q4 20241616
Q1 20251615
Q2 20251918

Biggest buyers

AQR Arbitrage LLC Added +29,700,000+29.7m
Nuveen, LLC New +23,769,000+23.8m
Fort Baker Capital Management LP New +18,071,000+18.1m
CORBYN INVESTMENT MANAGEMENT INC/MD New +10,977,000+11.0m
Kohlberg Kravis Roberts & Co. L.P. New +10,276,000+10.3m
SHENKMAN CAPITAL MANAGEMENT INC New +8,000,000+8.0m
Davidson Kempner Capital Management LP Added +7,500,000+7.5m
TORONTO DOMINION BANK New +7,000,000+7.0m
OAKTREE CAPITAL MANAGEMENT LP Added +4,271,000+4.3m
Empyrean Capital Partners, LP New +4,000,000+4.0m

Biggest sellers

LAZARD ASSET MANAGEMENT LLC Reduced -24,906,000-24.9m
FMR LLC Reduced -21,907,000-21.9m
ADVENT CAPITAL MANAGEMENT /DE/ Sold out -20,776,000-20.8m
MARSHALL WACE, LLP Reduced -19,225,000-19.2m
Jefferies Financial Group Inc. Sold out -12,772,000-12.8m
Walleye Capital LLC Sold out -8,000,000-8.0m
Balyasny Asset Management L.P. Sold out -7,000,000-7.0m
Fort Baker Capital Management LP Sold out -6,771,000-6.8m
NEW YORK STATE COMMON RETIREMENT FUND Sold out -3,165,000-3.2m
DEUTSCHE BANK AG\ Reduced -2,960,000-3.0m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Davidson Kempner Capital Management LP 1.38% of their portfolio New York, NY 100,000,000100.0m $90.5m $90.5m 1.38% Added +7.5m +7,500,000
2 FMR LLC 0.00% of their portfolio BOSTON, MA 54,923,00054.9m $49.3m $49.3m 0.00% Reduced -21.9m -21,907,000
3 Calamos Advisors LLC 0.17% of their portfolio NAPERVILLE, IL 42,800,00042.8m $38.6m $38.6m 0.17% Added +2.3m +2,300,000
4 DeepCurrents Investment Group LLC 1.08% of their portfolio NEW YORK, NY 32,810,00032.8m $29.6m $29.6m 1.08% Unchanged
5 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 30,500,00030.5m $27.5m $27.5m 0.03% Reduced -19.2m -19,225,000
6 AQR Arbitrage LLC 0.63% of their portfolio Greenwich, CT 30,000,00030.0m $27.1m $27.1m 0.63% Added +29.7m +29,700,000
7 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 23,769,00023.8m $21.3m $21.3m 0.01% New
8 Fort Baker Capital Management LP 2.86% of their portfolio Larkspur, CA 18,071,00018.1m $16.3m $16.3m 2.86% New
9 CORBYN INVESTMENT MANAGEMENT INC/MD 3.31% of their portfolio Lutherville, MD 10,977,00011.0m $9.9m $9.9m 3.31% New
10 Kohlberg Kravis Roberts & Co. L.P. 0.19% of their portfolio NEW YORK, NY 10,276,00010.3m $9.3m $9.3m 0.19% New
11 Parallax Volatility Advisers, L.P. 0.36% of their portfolio San Francisco, CA 10,000,00010.0m $9.0m $9.0m 0.36% Unchanged
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 9,575,0009.6m $8.6m $8.6m 0.00% Reduced -500.0k -500,000
13 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 8,000,0008.0m $7.2m $7.2m 0.01% Reduced -750.0k -750,000
14 SHENKMAN CAPITAL MANAGEMENT INC 0.73% of their portfolio NEW YORK, NY 8,000,0008.0m $7.3m $7.3m 0.73% New
15 GABELLI FUNDS LLC 0.05% of their portfolio Rye, NY 7,650,0007.7m $6.9m $6.9m 0.05% Unchanged
16 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 7,500,0007.5m $6.7m $6.7m 0.00% Reduced -3.0m -2,960,000
17 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 7,402,0007.4m $6.7m $6.7m 0.01% Reduced -24.9m -24,906,000
18 OAKTREE CAPITAL MANAGEMENT LP 0.13% of their portfolio LOS ANGELES, CA 7,025,0007.0m $6.3m $6.3m 0.13% Added +4.3m +4,271,000
19 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 7,000,0007.0m $6.3m $6.3m 0.01% New
20 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 5,501,0005.5m $5.0m $5.0m 0.01% Added +3.4m +3,420,000
21 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,750,0004.8m $4.3m $4.3m 0.00% Added +275.0k +275,000
22 WATER ISLAND CAPITAL LLC 0.71% of their portfolio NEW YORK, NY 4,500,0004.5m $4.0m $4.0m 0.71% Added +1.0m +1,000,000
23 Empyrean Capital Partners, LP 0.17% of their portfolio LOS ANGELES, CA 4,000,0004.0m $3.6m $3.6m 0.17% New
24 ABSOLUTE INVESTMENT ADVISERS, LLC 0.33% of their portfolio ROSEMARY BEACH, FL 2,925,0002.9m $2.6m $2.6m 0.33% Reduced -2.0m -2,000,000
25 PALISADE CAPITAL MANAGEMENT, LP 0.07% of their portfolio FORT LEE, NJ 2,633,0002.6m $2.4m $2.4m 0.07% New
26 MARINER INVESTMENT GROUP LLC 0.54% of their portfolio NEW YORK, NY 1,645,0001.6m $1.5m $1.5m 0.54% Unchanged
27 HB Wealth Management, LLC 0.01% of their portfolio Atlanta, GA 1,259,0001.3m $1.1m $1.1m 0.01% New
28 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 886,000886.0k $795.3k $795.3k 0.00% Added +450.0k +450,000
29 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 350,000350.0k $315.7k $315.7k 0.00% Unchanged
30 Teton Advisors, Inc. 0.14% of their portfolio Rye, NY 250,000250.0k $225.5k $225.5k 0.14% Unchanged
31 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 105,000105.0k $94.1k $94.1k 0.00% New
32 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 57,00057.0k $50.8k $50.8k 0.00% Unchanged
33 Context Capital Management, LLC 1.02% of their portfolio LAJOLLA, CA 33,43133.4k $30.2m $30.2m 1.02% Added +2.5k +2,500
34 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 4,0004.0k $3.6k $3.6k 0.00% Unchanged
35 Alpine Global Management, LLC 0.21% of their portfolio NEW YORK, NY 1,0001.0k $897.6k $897.6k 0.21% Reduced -6.0k -6,000
36 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged