Vault-13

SNAP INC SNAP 0.75 08.01.26

NOTE 0.750% 8/0 · US DOMESTIC · CUSIP 83304AAB2

15 institutional holders +2 vs Q1 2026
$35.9mprincipal reported held*
$45.6mreported value*
2 new 1 added 2 reduced 0 sold out net bought ≈ $877.2k

* 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 ($39.2k this quarter). Holder counts are more reliable.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 65Q4 22: 67Q1 23: 57Q2 23: 64Q3 23: 53Q4 23: 50Q1 24: 47Q2 24: 35Q3 24: 31Q4 24: 32Q1 25: 25Q2 25: 28Q3 25: 17Q4 25: 13Q1 26: 13Q2 26: 1515Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202265
Q4 202267
Q1 202357
Q2 202364
Q3 202353
Q4 202350
Q1 202447
Q2 202435
Q3 202431
Q4 202432
Q1 202525
Q2 202528
Q3 202517
Q4 202513
Q1 202613
Q2 202615

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 24: 10 bought or addedQ3 24: 13 cut or sold outQ4 24: 9 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 7 bought or addedQ1 25: 16 cut or sold outQ2 25: 13 bought or addedQ2 25: 12 cut or sold outQ2 25Q3 25: 5 bought or addedQ3 25: 15 cut or sold outQ4 25: 2 bought or addedQ4 25: 8 cut or sold outQ4 25Q1 26: 0 bought or addedQ1 26: 0 cut or sold outQ2 26: 3 bought or addedQ2 26: 2 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241013
Q4 2024914
Q1 2025716
Q2 20251312
Q3 2025515
Q4 202528
Q1 202600
Q2 202632

Calls vs puts

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

CallsPuts
$0$200$400$600Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $500Q1 26 puts: $0Q1 26P/C 0.00Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$500$00.00
Q2 2026$0$0—

Biggest buyers

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +2,650,000+2.6m
GLAZER CAPITAL, LLC New +2,271,000+2.3m
WELLS FARGO & COMPANY/MN Added +350,000+350.0k

Biggest sellers

OAKTREE CAPITAL MANAGEMENT LP Reduced -2,890,000-2.9m
Russell Investments Group, Ltd. Reduced -1,500,000-1.5m

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 KIM, LLC 1.34% of their portfolio WICHITA, KS 10,000,00010.0m $9.9m $9.9m 1.34% Unchanged
2 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 8,750,0008.8m $8.7m $8.7m 0.01% Unchanged
3 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,848,0003.8m $3.8m $3.8m 0.00% Unchanged
4 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,213,0003.2m $3.2m $3.2m 0.00% Added +350.0k +350,000
5 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 2,650,0002.6m $2.6m $2.6m 0.00% New
6 CSS LLC/IL 0.11% of their portfolio CHICAGO, IL 2,500,0002.5m $2.5m $2.5m 0.11% Unchanged
7 GLAZER CAPITAL, LLC 0.06% of their portfolio New York, NY 2,271,0002.3m $2.3m $2.3m 0.06% New
8 OAKTREE CAPITAL MANAGEMENT LP 0.02% of their portfolio LOS ANGELES, CA 877,000877.0k $873.2k $873.2k 0.02% Reduced -2.9m -2,890,000
9 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 750,000750.0k $750.1k $750.1k 0.00% Unchanged
10 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 560,000560.0k $556.9k $556.9k 0.00% Unchanged
11 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 392,000392.0k $393.9k $393.9k 0.00% Reduced -1.5m -1,500,000
12 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 32,00032.0k $31.8k $31.8k 0.00% Unchanged
13 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 21,00021.0k $20.9k $20.9k 0.00% Unchanged
14 K2 PRINCIPAL FUND, L.P. 0.92% of their portfolio TORONTO, A6 10,00010.0k $10.0m $10.0m 0.92% Unchanged
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,0006.0k $6.0k $6.0k 0.00% Unchanged