Vault-13

SHOPIFY INC SHOPCN 0.125 11.01.25

NOTE 0.125%11/0 · US DOMESTIC · CUSIP 82509LAA5

65 institutional holders +0 vs Q2 2023
106,877,682106.9m shares reported held*
$13.3bnreported value*
5 new 15 added 19 reduced 6 sold out net sold ≈ $5.7m (-8.9m 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 ($4.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $124.75.

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 64Q4 22: 61Q1 23: 58Q2 23: 65Q3 23: 6565Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202264
Q4 202261
Q1 202358
Q2 202365
Q3 202365

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 28 bought or addedQ4 22: 29 cut or sold outQ4 22Q1 23: 25 bought or addedQ1 23: 27 cut or sold outQ1 23Q2 23: 28 bought or addedQ2 23: 26 cut or sold outQ2 23Q3 23: 20 bought or addedQ3 23: 25 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222829
Q1 20232527
Q2 20232826
Q3 20232025

Biggest buyers

LAZARD ASSET MANAGEMENT LLC Added +24,000,000+24.0m
BNP PARIBAS FINANCIAL MARKETS Added +12,795,000+12.8m
CAMDEN ASSET MANAGEMENT L P /CA Added +11,000,000+11.0m
Walleye Capital LLC New +10,000,000+10.0m
Magnetar Financial LLC Added +8,790,000+8.8m
Sculptor Capital LP New +8,000,000+8.0m
WOLVERINE ASSET MANAGEMENT LLC Added +7,633,000+7.6m
Linden Advisors LP Added +4,000,000+4.0m
STATE STREET CORP Added +4,000,000+4.0m
TORONTO DOMINION BANK New +4,000,000+4.0m

Biggest sellers

MILLENNIUM MANAGEMENT LLC Reduced -16,500,000-16.5m
LORD, ABBETT & CO. LLC Reduced -14,938,000-14.9m
LORD, ABBETT & CO. LLC Reduced -14,938,000-14.9m
OAKTREE CAPITAL MANAGEMENT LP Reduced -14,401,000-14.4m
CITIGROUP INC Reduced -11,395,000-11.4m
JPMORGAN CHASE & CO Reduced -9,862,000-9.9m
CITADEL ADVISORS LLC Sold out -7,000,000-7.0m
BANK OF AMERICA CORP /DE/ Reduced -4,390,000-4.4m
Russell Investments Group, Ltd. Reduced -3,387,000-3.4m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -2,500,000-2.5m

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MANUFACTURERS LIFE INSURANCE COMPANY, THE 7.34% of their portfolio Toronto, A6 140,809,000140.8m $12.6bn $12.6bn 7.34% Reduced -59.0k -59,000
2 VOYA INVESTMENT MANAGEMENT LLC 0.11% of their portfolio ATLANTA, GA 112,435,000112.4m $100.8m $100.8m 0.11% Unchanged
3 CAMDEN ASSET MANAGEMENT L P /CA 2.26% of their portfolio Los Angeles, CA 68,250,00068.2m $60.8m $60.8m 2.26% Added +11.0m +11,000,000
4 LORD, ABBETT & CO. LLC 0.10% of their portfolio JERSEY CITY, NJ 60,832,00060.8m $54.4m $54.4m 0.10% Reduced -14.9m -14,938,000
5 LORD, ABBETT & CO. LLC 0.10% of their portfolio JERSEY CITY, NJ 60,832,00060.8m $54.4m $54.4m 0.10% Reduced -14.9m -14,938,000
6 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 53,853,00053.9m $48.0m $48.0m 0.01% Unchanged
7 LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 50,000,00050.0m $44.8m $44.8m 0.06% Added +24.0m +24,000,000
8 BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio PARIS, I0 31,000,00031.0m $27.6m $27.6m 0.06% Added +12.8m +12,795,000
9 Aequim Alternative Investments LP 0.90% of their portfolio MILL VALLEY, CA 26,563,00026.6m $23.8m $23.8m 0.90% Unchanged
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 24,866,00024.9m $22.1m $22.1m 0.00% Added +4.0m +4,000,000
11 AXA S.A. 0.07% of their portfolio PARIS, I0 23,700,00023.7m $21.1m $21.1m 0.07% Added +600.0k +600,000
12 WOLVERINE ASSET MANAGEMENT LLC 0.34% of their portfolio CHICAGO, IL 20,696,00020.7m $18.4m $18.4m 0.34% Added +7.6m +7,633,000
13 DeepCurrents Investment Group LLC 0.73% of their portfolio NEW YORK, NY 17,508,00017.5m $15.6m $15.6m 0.73% Unchanged
14 FMR LLC 0.00% of their portfolio BOSTON, MA 15,950,00015.9m $14.2m $14.2m 0.00% Unchanged
15 Magnetar Financial LLC 0.35% of their portfolio EVANSTON, IL 15,290,00015.3m $13.6m $13.6m 0.35% Added +8.8m +8,790,000
16 OMERS ADMINISTRATION Corp 0.20% of their portfolio TORONTO, A6 15,000,00015.0m $13.4m $13.4m 0.20% Unchanged
17 Calamos Advisors LLC 0.07% of their portfolio NAPERVILLE, IL 15,000,00015.0m $13.4m $13.4m 0.07% Unchanged
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 10,871,00010.9m $9.6m $9.6m 0.00% Reduced -9.9m -9,862,000
19 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 10,000,00010.0m $8.8m $8.8m 0.01% Reduced -500.0k -500,000
20 Walleye Capital LLC 0.13% of their portfolio NEW YORK, NY 10,000,00010.0m $9.0m $9.0m 0.13% New
21 PRIVATE MANAGEMENT GROUP INC 0.32% of their portfolio IRVINE, CA 8,743,0008.7m $7.7m $7.7m 0.32% Reduced -36.0k -36,000
22 Lombard Odier Asset Management (Europe) Ltd 0.40% of their portfolio LONDON, X0 8,499,0008.5m $7.6m $7.6m 0.40% Unchanged
23 Sculptor Capital LP 0.17% of their portfolio New York, NY 8,000,0008.0m $7.1m $7.1m 0.17% New
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,753,0006.8m $6.0m $6.0m 0.00% Reduced -473.0k -473,000
25 Linden Advisors LP 0.06% of their portfolio New York, NY 6,500,0006.5m $5.8m $5.8m 0.06% Added +4.0m +4,000,000
26 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 5,355,0005.4m $4.8m $4.8m 0.00% Reduced -215.0k -215,000
27 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 5,145,0005.1m $4.6m $4.6m 0.01% Unchanged
28 ONTARIO TEACHERS PENSION PLAN BOARD 0.05% of their portfolio Toronto, A6 5,000,0005.0m $4.4m $4.4m 0.05% Unchanged
29 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 5,000,0005.0m $4.5m $4.5m 0.00% Reduced -16.5m -16,500,000
30 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 5,000,0005.0m $4.4m $4.4m 0.01% Unchanged
31 RATIONAL ADVISORS, INC. 0.37% of their portfolio San Juan, PR 4,602,0004.6m $4.1m $4.1m 0.37% Added +1.8m +1,800,000
32 PIER 88 INVESTMENT PARTNERS LLC 1.02% of their portfolio SAN FRANCISCO, CA 4,602,0004.6m $4.1m $4.1m 1.02% Added +1.8m +1,800,000
33 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 4,300,0004.3m $3.8m $3.8m 0.00% Reduced -1.0m -1,000,000
34 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 4,000,0004.0m $3.5m $3.5m 0.00% New
35 ALKEON CAPITAL MANAGEMENT LLC 0.02% of their portfolio New York, NY 4,000,0004.0m $3.6m $3.6m 0.02% Unchanged
36 EDMOND DE ROTHSCHILD HOLDING S.A. 0.07% of their portfolio CHAMBESY, V8 3,947,0003.9m $3.5m $3.5m 0.07% Unchanged
37 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 3,400,0003.4m $3.0m $3.0m 0.00% Reduced -1.1m -1,150,000
38 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,587,0002.6m $2.3m $2.3m 0.00% Reduced -604.0k -604,000
39 Periscope Capital Inc. 0.26% of their portfolio Toronto, A6 2,582,0002.6m $2.3m $2.3m 0.26% Unchanged
40 Castle Creek Arbitrage, LLC 0.52% of their portfolio AVON, CO 2,500,0002.5m $2.2m $2.2m 0.52% Unchanged
41 Nicholas Investment Partners, LP 0.17% of their portfolio RANCHO SANTA FE, CA 2,500,0002.5m $2.2m $2.2m 0.17% Unchanged
42 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 2,425,0002.4m $2.2m $2.2m 0.00% New
43 BANK OF NOVA SCOTIA 0.01% of their portfolio TORONTO, A6 2,318,0002.3m $2.1m $2.1m 0.01% Added +1.1m +1,050,000
44 BOOTHBAY FUND MANAGEMENT, LLC 0.06% of their portfolio NEW YORK, NY 2,000,0002.0m $1.8m $1.8m 0.06% Unchanged
45 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 1,500,0001.5m $1.3m $1.3m 0.00% Unchanged
46 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,450,0001.4m $1.3m $1.3m 0.00% Reduced -2.0m -1,983,000
47 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,251,0001.3m $1.1m $1.1m 0.00% Added +1.0m +1,000,000
48 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,200,0001.2m $1.1m $1.1m 0.01% Unchanged
49 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,091,0001.1m $973.0k $973.0k 0.00% Added +140.0k +140,000
50 Financiere des Professionnels - Fonds d'investissement inc. 0.09% of their portfolio MONTREAL, A8 1,033,0001.0m $926.1k $926.1k 0.09% First filing
51 OAKTREE CAPITAL MANAGEMENT LP 0.01% of their portfolio LOS ANGELES, CA 812,000812.0k $728.0k $728.0k 0.01% Reduced -14.4m -14,401,000
52 Liberty Mutual Group Asset Management Inc. 0.19% of their portfolio Boston, MA 750,000750.0k $668.6k $668.6k 0.19% Unchanged
53 Amundi 0.00% of their portfolio Paris, I0 567,000567.0k $502.1k $502.1k 0.00% Reduced -124.0k -124,000
54 RWC Asset Management LLP 0.03% of their portfolio LONDON, X0 500,000500.0k $446.3k $446.3k 0.03% Reduced -1.0m -1,000,000
55 BASSO CAPITAL MANAGEMENT, L.P. 0.40% of their portfolio STAMFORD, CT 410,000410.0k $365.5k $365.5k 0.40% Unchanged
56 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 345,000345.0k $309.3k $309.3k 0.01% Unchanged
57 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 188,000188.0k $167.7k $167.7k 0.00% Reduced -3.4m -3,387,000
58 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 59,00059.0k $52.6k $52.6k 0.00% Unchanged
59 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 26,00026.0k $23.2k $23.2k 0.00% Reduced -4.4m -4,390,000
60 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 22,00022.0k $19.6k $19.6k 0.00% Reduced -11.4m -11,395,000
61 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 17,00017.0k $15.2k $15.2k 0.00% Unchanged
62 Verition Fund Management LLC 0.18% of their portfolio GREENWICH, CT 15,00415.0k $13.5m $13.5m 0.18% Added +5.0k +5,000
63 Candriam S.C.A. 0.06% of their portfolio STRASSEN, N4 9,6009.6k $8.6m $8.6m 0.06% Added +4.5k +4,520
64 Alpine Global Management, LLC 0.72% of their portfolio NEW YORK, NY 6,6826.7k $6.0m $6.0m 0.72% New
65 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged