Vault-13

SNAP INC SNAP 0.25 05.01.25

NOTE 0.250% 5/0 · US DOMESTIC · CUSIP 83304AAD8

26 institutional holders +1 vs Q3 2023
9,098,1539.1m shares reported held*
$281.8mreported value*
3 new 6 added 6 reduced 2 sold out net bought ≈ $4.6m (+2.3m 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 ($5.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $31.59.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 29Q4 22: 29Q1 23: 27Q2 23: 27Q3 23: 25Q4 23: 2626Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202229
Q4 202229
Q1 202327
Q2 202327
Q3 202325
Q4 202326

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 11 bought or addedQ4 22: 13 cut or sold outQ4 22Q1 23: 10 bought or addedQ1 23: 13 cut or sold outQ1 23Q2 23: 9 bought or addedQ2 23: 10 cut or sold outQ2 23Q3 23: 11 bought or addedQ3 23: 9 cut or sold outQ3 23Q4 23: 9 bought or addedQ4 23: 8 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221113
Q1 20231013
Q2 2023910
Q3 2023119
Q4 202398

Biggest buyers

D. E. Shaw & Co., Inc. New +10,000,000+10.0m
AXA S.A. Added +8,300,000+8.3m
CITADEL ADVISORS LLC Added +7,000,000+7.0m
STEELHEAD PARTNERS LLC Added +5,000,000+5.0m
MIZUHO SECURITIES USA LLC Added +2,250,000+2.2m
JPMORGAN CHASE & CO New +2,100,000+2.1m
NOMURA HOLDINGS INC New +48,153+48.2k
BNP PARIBAS FINANCIAL MARKETS Added +24,000+24.0k
SG Americas Securities, LLC Added +23,560+23.6k

Biggest sellers

III Capital Management Reduced -15,150,000-15.2m
Castle Creek Arbitrage, LLC Sold out -11,047,000-11.0m
STATE STREET CORP Reduced -1,800,000-1.8m
CITIGROUP INC Reduced -1,297,000-1.3m
MORGAN STANLEY Sold out -750,000-750.0k
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -250,000-250.0k
BOOTHBAY FUND MANAGEMENT, LLC Reduced -124,000-124.0k
PALISADE CAPITAL MANAGEMENT, LP Reduced -3,000-3.0k

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Aequim Alternative Investments LP 3.78% of their portfolio MILL VALLEY, CA 90,000,00090.0m $95.0m $95.0m 3.78% Unchanged
2 STEELHEAD PARTNERS LLC 2.75% of their portfolio SEATTLE, WA 50,000,00050.0m $53.0m $53.0m 2.75% Added +5.0m +5,000,000
3 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 25,000,00025.0m $26.5m $26.5m 0.03% Added +7.0m +7,000,000
4 DeepCurrents Investment Group LLC 0.75% of their portfolio NEW YORK, NY 18,542,00018.5m $19.5m $19.5m 0.75% Unchanged
5 AXA S.A. 0.03% of their portfolio PARIS, I0 16,600,00016.6m $17.6m $17.6m 0.03% Added +8.3m +8,300,000
6 III Capital Management 0.81% of their portfolio BOCA RATON, FL 13,294,00013.3m $14.0m $14.0m 0.81% Reduced -15.2m -15,150,000
7 Calamos Advisors LLC 0.05% of their portfolio NAPERVILLE, IL 10,005,00010.0m $10.6m $10.6m 0.05% Unchanged
8 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 10,000,00010.0m $10.6m $10.6m 0.02% New
9 MIZUHO SECURITIES USA LLC 0.22% of their portfolio NEW YORK, NY 8,750,0008.8m $9.2m $9.2m 0.22% Added +2.2m +2,250,000
10 FMR LLC 0.00% of their portfolio BOSTON, MA 5,375,0005.4m $5.6m $5.6m 0.00% Unchanged
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 4,438,0004.4m $4.7m $4.7m 0.00% Reduced -1.8m -1,800,000
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,100,0002.1m $2.2m $2.2m 0.00% New
13 BlackRock Inc. 0.00% of their portfolio New York, NY 2,010,0002.0m $2.1m $2.1m 0.00% Unchanged
14 ADVENT CAPITAL MANAGEMENT /DE/ 0.05% of their portfolio NEW YORK, NY 1,850,0001.9m $2.0m $2.0m 0.05% Reduced -250.0k -250,000
15 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,750,0001.8m $1.9m $1.9m 0.00% Unchanged
16 PALISADE CAPITAL MANAGEMENT, LP 0.04% of their portfolio FORT LEE, NJ 1,489,0001.5m $1.6m $1.6m 0.04% Reduced -3.0k -3,000
17 BOOTHBAY FUND MANAGEMENT, LLC 0.05% of their portfolio NEW YORK, NY 1,317,0001.3m $1.4m $1.4m 0.05% Reduced -124.0k -124,000
18 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $318.0k $318.0k 0.00% Unchanged
19 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 208,000208.0k $218.6k $218.6k 0.00% Reduced -1.3m -1,297,000
20 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 166,000166.0k $176.0k $176.0k 0.00% Added +24.0k +24,000
21 NOMURA HOLDINGS INC 0.01% of their portfolio TOKYO, M0 48,15348.2k $815.2k $815.2k 0.01% New
22 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 35,00035.0k $36.8k $36.8k 0.00% Unchanged
23 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 26,00026.0k $27.6k $27.6k 0.00% Unchanged
24 SG Americas Securities, LLC 0.03% of their portfolio NEW YORK, NY 24,75024.8k $2.6m $2.6m 0.03% Added +23.6k +23,560
25 Verition Fund Management LLC 0.06% of their portfolio GREENWICH, CT 5,2935.3k $5.6m $5.6m 0.06% Unchanged
26 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged