Vault-13

SHOPIFY INC SHOPCN 0.125 11.01.25

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

66 institutional holders -2 vs Q3 2024
25,322,36025.3m shares reported held*
$875.7mreported value*
13 new 17 added 19 reduced 15 sold out net bought ≈ $8.8m (-45.6m 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 ≈ $34.58.

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 64Q4 22: 61Q1 23: 58Q2 23: 65Q3 23: 65Q4 23: 63Q1 24: 67Q2 24: 65Q3 24: 68Q4 24: 6666Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202264
Q4 202261
Q1 202358
Q2 202365
Q3 202365
Q4 202363
Q1 202467
Q2 202465
Q3 202468
Q4 202466

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 23: 25 bought or addedQ1 23: 27 cut or sold outQ2 23: 28 bought or addedQ2 23: 26 cut or sold outQ2 23Q3 23: 20 bought or addedQ3 23: 25 cut or sold outQ4 23: 20 bought or addedQ4 23: 23 cut or sold outQ4 23Q1 24: 32 bought or addedQ1 24: 23 cut or sold outQ2 24: 24 bought or addedQ2 24: 26 cut or sold outQ2 24Q3 24: 27 bought or addedQ3 24: 34 cut or sold outQ4 24: 30 bought or addedQ4 24: 34 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20232527
Q2 20232826
Q3 20232025
Q4 20232023
Q1 20243223
Q2 20242426
Q3 20242734
Q4 20243034

Biggest buyers

MANUFACTURERS LIFE INSURANCE COMPANY, THE New +73,537,000+73.5m
STEELHEAD PARTNERS LLC New +60,000,000+60.0m
VOYA INVESTMENT MANAGEMENT LLC Added +39,775,000+39.8m
LORD, ABBETT & CO. LLC New +33,616,000+33.6m
Walleye Capital LLC Added +12,000,000+12.0m
DLD Asset Management, LP New +10,000,000+10.0m
Lombard Odier Asset Management (Europe) Ltd Added +9,009,000+9.0m
Magnetar Financial LLC Added +8,756,000+8.8m
BNP PARIBAS FINANCIAL MARKETS New +7,538,000+7.5m
CAMDEN ASSET MANAGEMENT L P /CA Added +5,500,000+5.5m

Biggest sellers

Verition Fund Management LLC Sold out -55,004,000-55.0m
SONA ASSET MANAGEMENT (US) LLC Sold out -44,500,000-44.5m
LORD, ABBETT & CO. LLC Sold out -42,812,000-42.8m
III Capital Management Sold out -30,000,000-30.0m
TWO SIGMA INVESTMENTS, LP Sold out -12,500,000-12.5m
WOLVERINE ASSET MANAGEMENT LLC Sold out -10,612,000-10.6m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Sold out -10,000,000-10.0m
Fort Baker Capital Management LP Reduced -9,623,000-9.6m
D. E. Shaw & Co., Inc. Reduced -9,605,000-9.6m
WELLS FARGO & COMPANY/MN Reduced -9,452,000-9.5m

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.16% of their portfolio ATLANTA, GA 153,410,000153.4m $156.6m $156.6m 0.16% Added +39.8m +39,775,000
2 CAMDEN ASSET MANAGEMENT L P /CA 3.01% of their portfolio Los Angeles, CA 111,913,000111.9m $113.9m $113.9m 3.01% Added +5.5m +5,500,000
3 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.07% of their portfolio Toronto, A6 73,537,00073.5m $75.0m $75.0m 0.07% New
4 STEELHEAD PARTNERS LLC 3.08% of their portfolio SEATTLE, WA 60,000,00060.0m $61.2m $61.2m 3.08% New
5 Walleye Capital LLC 0.49% of their portfolio NEW YORK, NY 50,250,00050.2m $51.3m $51.3m 0.49% Added +12.0m +12,000,000
6 Aequim Alternative Investments LP 1.64% of their portfolio MILL VALLEY, CA 50,000,00050.0m $51.0m $51.0m 1.64% Unchanged
7 LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 43,895,00043.9m $44.8m $44.8m 0.07% Reduced -8.0m -7,991,000
8 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 36,880,00036.9m $37.5m $37.5m 0.01% Added +21.0k +21,000
9 LORD, ABBETT & CO. LLC 0.11% of their portfolio JERSEY CITY, NJ 33,616,00033.6m $34.3m $34.3m 0.11% New
10 Magnetar Financial LLC 0.53% of their portfolio EVANSTON, IL 22,756,00022.8m $23.2m $23.2m 0.53% Added +8.8m +8,756,000
11 TENOR CAPITAL MANAGEMENT Co., L.P. 0.32% of their portfolio NEW YORK, NY 22,500,00022.5m $23.0m $23.0m 0.32% Added +5.0m +5,000,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 20,966,00021.0m $21.4m $21.4m 0.00% Added +1.1m +1,150,000
13 Lombard Odier Asset Management (Europe) Ltd 1.15% of their portfolio LONDON, X0 17,508,00017.5m $17.9m $17.9m 1.15% Added +9.0m +9,009,000
14 DeepCurrents Investment Group LLC 0.59% of their portfolio NEW YORK, NY 17,508,00017.5m $17.8m $17.8m 0.59% Unchanged
15 Calamos Advisors LLC 0.07% of their portfolio NAPERVILLE, IL 15,000,00015.0m $15.3m $15.3m 0.07% Unchanged
16 DLD Asset Management, LP 1.75% of their portfolio NEW YORK, NY 10,000,00010.0m $10.2m $10.2m 1.75% New
17 AXA S.A. 0.03% of their portfolio PARIS, I0 9,900,0009.9m $10.2m $10.2m 0.03% Reduced -7.5m -7,500,000
18 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 9,800,0009.8m $10.0m $10.0m 0.01% Added +800.0k +800,000
19 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 7,538,0007.5m $7.7m $7.7m 0.01% New
20 RATIONAL ADVISORS, INC. 0.66% of their portfolio San Juan, PR 6,612,0006.6m $6.7m $6.7m 0.66% Added +4.3m +4,270,000
21 PIER 88 INVESTMENT PARTNERS LLC 1.32% of their portfolio SAN FRANCISCO, CA 6,612,0006.6m $6.7m $6.7m 1.32% Added +4.3m +4,270,000
22 ARISTEIA CAPITAL, L.L.C. 0.22% of their portfolio GREENWICH, CT 6,000,0006.0m $6.1m $6.1m 0.22% Added +2.0m +2,000,000
23 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 5,092,0005.1m $5.2m $5.2m 0.01% Reduced -2.5m -2,500,000
24 CSS LLC/IL 0.30% of their portfolio CHICAGO, IL 5,016,0005.0m $5.1m $5.1m 0.30% Reduced -2.5m -2,500,000
25 PRIVATE MANAGEMENT GROUP INC 0.18% of their portfolio IRVINE, CA 5,012,0005.0m $5.1m $5.1m 0.18% Reduced -3.6m -3,576,000
26 RWC Asset Management LLP 0.23% of their portfolio LONDON, X0 4,500,0004.5m $4.6m $4.6m 0.23% New
27 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 4,395,0004.4m $4.5m $4.5m 0.00% Reduced -165.0k -165,000
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,371,0004.4m $4.4m $4.4m 0.00% Added +3.7m +3,680,000
29 Union Bancaire Privee, UBP SA 0.07% of their portfolio GENEVA 1, V8 4,357,0004.4m $4.3m $4.3m 0.07% First filing
30 ALKEON CAPITAL MANAGEMENT LLC 0.02% of their portfolio New York, NY 4,000,0004.0m $4.1m $4.1m 0.02% Unchanged
31 Wellesley Asset Management 0.39% of their portfolio PORTSMOUTH, NH 3,694,0003.7m $3.8m $3.8m 0.39% Added +34.0k +34,000
32 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 3,500,0003.5m $3.6m $3.6m 0.01% Reduced -1.5m -1,500,000
33 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,242,0003.2m $3.3m $3.3m 0.00% Reduced -3.0m -2,994,000
34 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,715,0002.7m $2.8m $2.8m 0.00% Reduced -3.9m -3,927,000
35 Nicholas Investment Partners, LP 0.22% of their portfolio RANCHO SANTA FE, CA 2,500,0002.5m $2.5m $2.5m 0.22% Unchanged
36 Man Group plc 0.01% of their portfolio LONDON, X0 2,200,0002.2m $2.2m $2.2m 0.01% New
37 Fort Baker Capital Management LP 0.36% of their portfolio Larkspur, CA 2,177,0002.2m $2.2m $2.2m 0.36% Reduced -9.6m -9,623,000
38 Polar Capital Holdings Plc 0.01% of their portfolio London, X0 2,000,0002.0m $2.0m $2.0m 0.01% New
39 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,898,0001.9m $1.9m $1.9m 0.00% Reduced -9.5m -9,452,000
40 Periscope Capital Inc. 1.13% of their portfolio Toronto, A6 1,563,0001.6m $1.6m $1.6m 1.13% Reduced -19.0k -19,000
41 Quaero Capital S.A. 1.95% of their portfolio GENEVE, V8 1,500,0001.5m $1.5m $1.5m 1.95% Unchanged
42 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 1,334,0001.3m $1.4m $1.4m 0.00% Added +834.0k +834,000
43 Kohlberg Kravis Roberts & Co. L.P. 0.02% of their portfolio NEW YORK, NY 645,000645.0k $658.2k $658.2k 0.02% Added +50.0k +50,000
44 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 618,000618.0k $630.4k $630.4k 0.00% Reduced -5.1m -5,111,000
45 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $510.1k $510.1k 0.00% New
46 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 500,000500.0k $510.4k $510.4k 0.01% New
47 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 400,000400.0k $406.4k $406.4k 0.00% New
48 PFG Investments, LLC 0.03% of their portfolio WOODBURY, NY 395,000395.0k $402.1k $402.1k 0.03% Unchanged
49 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 370,000370.0k $377.2k $377.2k 0.00% Reduced -9.6m -9,605,000
50 Amundi 0.00% of their portfolio Paris, I0 347,000347.0k $353.9k $353.9k 0.00% Unchanged
51 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $306.0k $306.0k 0.00% New
52 Fox Hill Wealth Management 0.09% of their portfolio DEDHAM, MA 150,000150.0k $152.5k $152.5k 0.09% Reduced -3.0k -3,000
53 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 52,00052.0k $52.9k $52.9k 0.00% First filing
54 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 44,00044.0k $44.8k $44.8k 0.00% Reduced -12.0k -12,000
55 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 39,00039.0k $39.7k $39.7k 0.00% Reduced -1.2m -1,157,500
56 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 22,00022.0k $22.4k $22.4k 0.00% Added +5.0k +5,000
57 PBMares Wealth Management LLC 0.00% of their portfolio WILLIAMSBURG, VA 13,00013.0k $13.2k $13.2k 0.00% Unchanged
58 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 12,00012.0k $12.2k $12.2k 0.00% Reduced -1.5m -1,481,000
59 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 10,00010.0k $10.2k $10.2k 0.00% Unchanged
60 Foundations Investment Advisors, LLC 0.00% of their portfolio PHOENIX, AZ 10,00010.0k $10.2k $10.2k 0.00% Unchanged
61 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,5005.5k $5.6k $5.6k 0.00% Unchanged
62 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 5,0005.0k $5.1k $5.1k 0.00% New
63 Candriam S.C.A. 0.02% of their portfolio STRASSEN, N4 2,8002.8k $2.9m $2.9m 0.02% Reduced -3.5k -3,523
64 BFSG, LLC 0.00% of their portfolio IRVINE, CA 2,0002.0k $2.0k $2.0k 0.00% Unchanged
65 ODDO BHF ASSET MANAGEMENT SAS 0.02% of their portfolio PARIS, I0 360360 $367.3k $367.3k 0.02% Unchanged
66 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged