Vault-13

SNAP INC SNAP 0.5 05.01.30

NOTE 0.500% 5/0 · US DOMESTIC · CUSIP 83304AAK2

47 institutional holders -2 vs Q1 2026
40,532,00040.5m shares reported held*
$588.9mreported value*
10 new 13 added 9 reduced 12 sold out net sold ≈ $11.0m (-6.5m 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 ≈ $14.53.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q2 25: 37Q3 25: 43Q4 25: 42Q1 26: 49Q2 26: 4747Q2 25Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q2 202537
Q3 202543
Q4 202542
Q1 202649
Q2 202647

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 25: 28 bought or addedQ3 25: 16 cut or sold outQ3 25Q4 25: 18 bought or addedQ4 25: 19 cut or sold outQ4 25Q1 26: 24 bought or addedQ1 26: 18 cut or sold outQ1 26Q2 26: 23 bought or addedQ2 26: 21 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20252816
Q4 20251819
Q1 20262418
Q2 20262321

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. Added +60,000,000+60.0m
Davidson Kempner Capital Management LP Added +12,500,000+12.5m
MARSHALL WACE, LLP Added +10,000,000+10.0m
SSI INVESTMENT MANAGEMENT LLC New +8,000,000+8.0m
WATER ISLAND CAPITAL LLC New +5,000,000+5.0m
Context Capital Management, LLC Added +4,500,000+4.5m
CREDIT INDUSTRIEL ET COMMERCIAL New +4,000,000+4.0m
Thrivent Financial for Lutherans Added +3,490,000+3.5m
BlackRock, Inc. Added +2,700,000+2.7m
ZAZOVE ASSOCIATES LLC New +2,500,000+2.5m

Biggest sellers

Calamos Advisors LLC Reduced -48,307,000-48.3m
FRANKLIN RESOURCES INC Reduced -28,250,000-28.2m
BANK OF MONTREAL /CAN/ Reduced -23,000,000-23.0m
Jump Financial, LLC Sold out -10,000,000-10.0m
SSI INVESTMENT MANAGEMENT LLC Sold out -6,500,000-6.5m
BANK OF AMERICA CORP /DE/ Sold out -4,710,000-4.7m
JPMORGAN CHASE & CO Reduced -4,171,000-4.2m
JANE STREET GROUP, LLC Sold out -3,000,000-3.0m
CSS LLC/IL Sold out -2,039,000-2.0m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sold out -2,000,000-2.0m

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Context Capital Management, LLC 1.84% of their portfolio LAJOLLA, CA 111,535,000111.5m $91.2m $91.2m 1.84% Added +4.5m +4,500,000
2 SOROS FUND MANAGEMENT LLC 0.94% of their portfolio NEW YORK, NY 88,000,00088.0m $71.9m $71.9m 0.94% Unchanged
3 TENOR CAPITAL MANAGEMENT Co., L.P. 0.92% of their portfolio NEW YORK, NY 80,000,00080.0m $65.5m $65.5m 0.92% Added +60.0m +60,000,000
4 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 77,386,00077.4m $63.4m $63.4m 0.04% Unchanged
5 Davidson Kempner Capital Management LP 0.55% of their portfolio New York, NY 42,500,00042.5m $34.6m $34.6m 0.55% Added +12.5m +12,500,000
6 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 39,915,00039.9m $32.5m $32.5m 0.00% Unchanged
7 CI INVESTMENTS INC. 0.07% of their portfolio TORONTO, Z4 26,500,00026.5m $21.7m $21.7m 0.07% Unchanged
8 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 23,430,00023.4m $19.1m $19.1m 0.03% Added +3.5m +3,490,000
9 ADVENT CAPITAL MANAGEMENT /DE/ 0.38% of their portfolio NEW YORK, NY 20,531,00020.5m $16.8m $16.8m 0.38% Reduced -2.0m -1,987,000
10 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 20,000,00020.0m $16.3m $16.3m 0.01% Added +10.0m +10,000,000
11 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 18,750,00018.8m $15.3m $15.3m 0.00% Reduced -28.2m -28,250,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 17,050,00017.1m $13.9m $13.9m 0.00% Added +1.9m +1,900,000
13 BlackRock, Inc. 0.00% of their portfolio New York, NY 14,689,00014.7m $11.9m $11.9m 0.00% Added +2.7m +2,700,000
14 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 10,743,00010.7m $8.8m $8.8m 0.03% Reduced -48.3m -48,307,000
15 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 10,554,00010.6m $86.3k $86.3k 0.00% Unchanged
16 Walleye Capital LLC 0.04% of their portfolio NEW YORK, NY 10,200,00010.2m $8.3m $8.3m 0.04% Added +689.0k +689,000
17 Maven Securities LTD 0.79% of their portfolio ST HELIER, Y9 10,000,00010.0m $8.2m $8.2m 0.79% Added +2.5m +2,500,000
18 FMR LLC 0.00% of their portfolio BOSTON, MA 8,658,0008.7m $7.0m $7.0m 0.00% Reduced -100.0k -100,000
19 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 8,000,0008.0m $6.5m $6.5m 0.00% Reduced -23.0m -23,000,000
20 SSI INVESTMENT MANAGEMENT LLC 0.38% of their portfolio Los Angeles, CA 8,000,0008.0m $6.5m $6.5m 0.38% New
21 WATER ISLAND CAPITAL LLC 0.43% of their portfolio NEW YORK, NY 5,000,0005.0m $4.1m $4.1m 0.43% New
22 Man Group plc 0.01% of their portfolio LONDON, X0 5,000,0005.0m $4.1m $4.1m 0.01% Unchanged
23 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 4,000,0004.0m $3.3m $3.3m 0.01% Added +1.0m +1,000,000
24 CREDIT INDUSTRIEL ET COMMERCIAL 0.35% of their portfolio PARIS FRANCE, I0 4,000,0004.0m $3.2m $3.2m 0.35% New
25 Lombard Odier Asset Management (Europe) Ltd 0.13% of their portfolio LONDON, X0 3,795,0003.8m $3.1m $3.1m 0.13% Unchanged
26 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,524,0003.5m $2.9m $2.9m 0.00% Reduced -4.2m -4,171,000
27 Amundi 0.00% of their portfolio Paris, I0 3,445,0003.4m $2.8m $2.8m 0.00% Unchanged
28 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 3,027,0003.0m $2.5m $2.5m 0.00% Added +529.0k +529,000
29 ZAZOVE ASSOCIATES LLC 0.17% of their portfolio INCLINE VILLAGE, NV 2,500,0002.5m $2.0m $2.0m 0.17% New
30 Ares Systematic Credit Ltd 1.19% of their portfolio LONDON, X0 2,400,0002.4m $2.0m $2.0m 1.19% Unchanged
31 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 2,000,0002.0m $1.6m $1.6m 0.00% New
32 KIM, LLC 0.20% of their portfolio WICHITA, KS 1,788,0001.8m $1.5m $1.5m 0.20% New
33 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,750,0001.8m $1.4m $1.4m 0.00% New
34 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 420,000420.0k $341.7k $341.7k 0.00% Unchanged
35 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 355,000355.0k $289.9k $289.9k 0.01% Added +6.0k +6,000
36 Kohlberg Kravis Roberts & Co. L.P. 0.00% of their portfolio NEW YORK, NY 305,000305.0k $249.3k $249.3k 0.00% Reduced -550.0k -550,000
37 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 293,000293.0k $239.7k $239.7k 0.00% Reduced -755.0k -755,000
38 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 179,000179.0k $145.6k $145.6k 0.00% Reduced -490.0k -490,000
39 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 160,000160.0k $130.0k $130.0k 0.00% Unchanged
40 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 63,00063.0k $51.0k $51.0k 0.00% Unchanged
41 Squarepoint Ops LLC 0.06% of their portfolio NEW YORK, NY 38,50038.5k $31.4m $31.4m 0.06% Added +11.0k +11,000
42 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 25,00025.0k $2.0m $2.0m 0.00% New
43 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 23,00023.0k $18.7k $18.7k 0.00% New
44 Syntegra Private Wealth Group, LLC 0.00% of their portfolio Chesterfield, MO 15,00015.0k $12.2k $12.2k 0.00% Unchanged
45 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 14,00014.0k $11.5k $11.5k 0.00% New
46 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 10,00010.0k $8.1k $8.1k 0.00% Unchanged
47 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 9,0009.0k $7.3k $7.3k 0.00% Unchanged