Vault-13

SNAP INC SNAP 0.125 03.01.28

NOTE 0.125% 3/0 · US DOMESTIC · CUSIP 83304AAH9

57 institutional holders -3 vs Q1 2024
17,419,20217.4m shares reported held*
$1.2bnreported value*
6 new 26 added 16 reduced 7 sold out net sold ≈ $46.6m (+412.5k 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 ($3.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $66.94.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q1 23: 45Q2 23: 50Q3 23: 48Q4 23: 56Q1 24: 60Q2 24: 5757Q1 23Q2 23Q3 23Q4 23Q1 24Q2 24
Numbers
QuarterHolders
Q1 202345
Q2 202350
Q3 202348
Q4 202356
Q1 202460
Q2 202457

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 23: 22 bought or addedQ2 23: 21 cut or sold outQ2 23Q3 23: 21 bought or addedQ3 23: 18 cut or sold outQ3 23Q4 23: 26 bought or addedQ4 23: 21 cut or sold outQ4 23Q1 24: 22 bought or addedQ1 24: 30 cut or sold outQ1 24Q2 24: 32 bought or addedQ2 24: 23 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q2 20232221
Q3 20232118
Q4 20232621
Q1 20242230
Q2 20243223

Biggest buyers

Verition Fund Management LLC Added +24,000,000+24.0m
READYSTATE ASSET MANAGEMENT LP New +20,000,000+20.0m
Sculptor Capital LP Added +18,000,000+18.0m
Davidson Kempner Capital Management LP Added +17,500,000+17.5m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +16,000,000+16.0m
D. E. Shaw & Co., Inc. Added +15,500,000+15.5m
Linden Advisors LP Added +14,500,000+14.5m
BANK OF AMERICA CORP /DE/ Added +13,521,000+13.5m
Walleye Capital LLC New +13,000,000+13.0m
WELLS FARGO & COMPANY/MN Added +10,808,000+10.8m

Biggest sellers

SOROS FUND MANAGEMENT LLC Reduced -60,000,000-60.0m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -48,500,000-48.5m
FRANKLIN RESOURCES INC Sold out -35,000,000-35.0m
MacKay Shields LLC Sold out -25,808,000-25.8m
AMERIPRISE FINANCIAL INC Reduced -22,500,000-22.5m
SSI INVESTMENT MANAGEMENT LLC Reduced -16,535,000-16.5m
Man Group plc Reduced -16,466,000-16.5m
Calamos Advisors LLC Reduced -7,921,000-7.9m
FMR LLC Reduced -6,723,000-6.7m
BANK OF MONTREAL /CAN/ Reduced -5,660,000-5.7m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.74% of their portfolio New York, NY 261,240,000261.2m $208.6m $208.6m 1.74% Added +14.5m +14,500,000
2 D. E. Shaw & Co., Inc. 0.13% of their portfolio New York, NY 120,474,000120.5m $96.1m $96.1m 0.13% Added +15.5m +15,500,000
3 WOLVERINE ASSET MANAGEMENT LLC 1.76% of their portfolio CHICAGO, IL 117,109,000117.1m $93.3m $93.3m 1.76% Added +10.1m +10,055,000
4 VOYA INVESTMENT MANAGEMENT LLC 0.09% of their portfolio ATLANTA, GA 115,395,000115.4m $92.4m $92.4m 0.09% Unchanged
5 ADVENT CAPITAL MANAGEMENT /DE/ 1.17% of their portfolio NEW YORK, NY 60,100,00060.1m $48.2m $48.2m 1.17% Added +4.6m +4,561,000
6 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 47,914,00047.9m $38.2m $38.2m 0.03% Added +7.2m +7,200,000
7 BlackRock Inc. 0.00% of their portfolio New York, NY 46,325,00046.3m $36.9m $36.9m 0.00% Reduced -3.2m -3,220,000
8 Sculptor Capital LP 0.73% of their portfolio New York, NY 44,000,00044.0m $35.1m $35.1m 0.73% Added +18.0m +18,000,000
9 Davidson Kempner Capital Management LP 0.56% of their portfolio New York, NY 42,500,00042.5m $33.8m $33.8m 0.56% Added +17.5m +17,500,000
10 FMR LLC 0.00% of their portfolio BOSTON, MA 41,072,00041.1m $32.7m $32.7m 0.00% Reduced -6.7m -6,723,000
11 Calamos Advisors LLC 0.15% of their portfolio NAPERVILLE, IL 40,000,00040.0m $31.9m $31.9m 0.15% Reduced -7.9m -7,921,000
12 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 37,900,00037.9m $30.4m $30.4m 0.04% Added +8.8m +8,800,000
13 AQR Arbitrage LLC 0.77% of their portfolio Greenwich, CT 36,927,00036.9m $29.6m $29.6m 0.77% Reduced -5.4m -5,391,000
14 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 33,669,00033.7m $26.8m $26.8m 0.00% Added +2.1m +2,110,000
15 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 30,640,00030.6m $24.5m $24.5m 0.01% Added +10.8m +10,808,000
16 Verition Fund Management LLC 0.19% of their portfolio GREENWICH, CT 30,552,00030.6m $24.5m $24.5m 0.19% Added +24.0m +24,000,000
17 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 29,050,00029.1m $23.2m $23.2m 0.00% Reduced -3.2m -3,250,000
18 Man Group plc 0.06% of their portfolio LONDON, X0 27,163,00027.2m $21.6m $21.6m 0.06% Reduced -16.5m -16,466,000
19 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 26,000,00026.0m $20.7m $20.7m 0.01% Reduced -22.5m -22,500,000
20 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 26,000,00026.0m $20.7m $20.7m 0.04% Added +16.0m +16,000,000
21 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 23,000,00023.0m $18.4m $18.4m 0.02% Added +5.5m +5,500,000
22 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 21,148,00021.1m $16.8m $16.8m 0.00% Added +13.5m +13,521,000
23 READYSTATE ASSET MANAGEMENT LP 0.76% of their portfolio CHICAGO, IL 20,000,00020.0m $16.0m $16.0m 0.76% New
24 Walleye Capital LLC 0.11% of their portfolio NEW YORK, NY 13,000,00013.0m $10.4m $10.4m 0.11% New
25 DeepCurrents Investment Group LLC 0.36% of their portfolio NEW YORK, NY 11,270,00011.3m $9.0m $9.0m 0.36% Unchanged
26 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 10,786,00010.8m $8.6m $8.6m 0.01% Added +1.1m +1,094,000
27 SHENKMAN CAPITAL MANAGEMENT INC 0.71% of their portfolio NEW YORK, NY 10,298,00010.3m $8.3m $8.3m 0.71% Added +741.0k +741,000
28 SOROS FUND MANAGEMENT LLC 0.18% of their portfolio NEW YORK, NY 10,000,00010.0m $8.0m $8.0m 0.18% Reduced -60.0m -60,000,000
29 OAKTREE CAPITAL MANAGEMENT LP 0.12% of their portfolio LOS ANGELES, CA 8,548,0008.5m $6.8m $6.8m 0.12% Reduced -4.5m -4,547,000
30 Ionic Capital Management LLC 3.19% of their portfolio NEW YORK, NY 7,622,0007.6m $6.1m $6.1m 3.19% Added +3.6m +3,572,000
31 CSS LLC/IL 0.29% of their portfolio CHICAGO, IL 5,000,0005.0m $4.0m $4.0m 0.29% New
32 SONA ASSET MANAGEMENT (US) LLC 0.33% of their portfolio NEW YORK, NY 5,000,0005.0m $4.0m $4.0m 0.33% New
33 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 4,740,0004.7m $3.8m $3.8m 0.00% Reduced -5.7m -5,660,000
34 FLOSSBACH VON STORCH SE 0.01% of their portfolio COLOGNE, 2M 4,350,0004.3m $3.5m $3.5m 0.01% Unchanged
35 ONTARIO TEACHERS PENSION PLAN BOARD 0.03% of their portfolio Toronto, A6 4,000,0004.0m $3.2m $3.2m 0.03% Unchanged
36 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,942,0003.9m $3.1m $3.1m 0.00% Reduced -1.9m -1,924,000
37 Ewing Morris & Co. Investment Partners Ltd. 1.53% of their portfolio TORONTO, Z4 3,000,0003.0m $2.4m $2.4m 1.53% Unchanged
38 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,893,0002.9m $2.3m $2.3m 0.00% Added +2.0m +2,000,000
39 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,799,0002.8m $2.2m $2.2m 0.00% Added +2.6m +2,603,000
40 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 2,350,0002.4m $1.9m $1.9m 0.00% Added +307.0k +307,000
41 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 2,000,0002.0m $1.6m $1.6m 0.00% Reduced -48.5m -48,500,000
42 Liberty Mutual Group Asset Management Inc. 0.18% of their portfolio Boston, MA 1,559,0001.6m $1.2m $1.2m 0.18% Unchanged
43 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 1,500,0001.5m $1.2m $1.2m 0.00% New
44 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,441,0001.4m $1.1m $1.1m 0.00% Added +153.0k +153,000
45 BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 1,250,0001.2m $997.5k $997.5k 0.03% Added +732.0k +732,000
46 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 966,000966.0k $769.0k $769.0k 0.00% Reduced -3.0m -3,034,000
47 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 963,000963.0k $762.3k $762.3k 0.00% Reduced -550.0k -550,000
48 SSI INVESTMENT MANAGEMENT LLC 0.05% of their portfolio Los Angeles, CA 770,000770.0k $612.9k $612.9k 0.05% Reduced -16.5m -16,535,000
49 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 700,000700.0k $558.9k $558.9k 0.00% Unchanged
50 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 600,000600.0k $479.5k $479.5k 0.00% Unchanged
51 NOMURA HOLDINGS INC 0.04% of their portfolio TOKYO, M0 390,277390.3k $6.5m $6.5m 0.04% Added +84.9k +84,924
52 Paloma Partners Management Co 0.02% of their portfolio GREENWICH, CT 300,000300.0k $239.9k $239.9k 0.02% New
53 Context Capital Management, LLC 1.27% of their portfolio LAJOLLA, CA 43,98844.0k $35.2m $35.2m 1.27% Added +16.5k +16,500
54 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 15,00015.0k $11.9k $11.9k 0.00% Reduced -4.5m -4,479,000
55 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 12,42512.4k $206.0k $206.0k 0.00% Added +3.5k +3,550
56 Alpine Global Management, LLC 1.18% of their portfolio NEW YORK, NY 8,5008.5k $6.8m $6.8m 1.18% Added +2.0k +2,000
57 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged