Vault-13

BLOCK INC XYZ 0.125 03.01.25

NOTE 0.125% 3/0 · US DOMESTIC · CUSIP 852234AF0

77 institutional holders +1 vs Q3 2022
51,198,20251.2m shares reported held*
$940.8mreported value*
6 new 20 added 21 reduced 7 sold out net sold ≈ $31.6m (-5.8m 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 ($17.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.72.

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 76Q4 22: 7777Q3 22Q4 22
Numbers
QuarterHolders
Q3 202276
Q4 202277

Biggest buyers

LAZARD ASSET MANAGEMENT LLC Added +33,765,000+33.8m
Graham Capital Management, L.P. Added +12,002,000+12.0m
BNP PARIBAS FINANCIAL MARKETS New +9,583,000+9.6m
WELLS FARGO & COMPANY/MN Added +4,527,000+4.5m
ADVENT CAPITAL MANAGEMENT /DE/ Added +4,356,000+4.4m
SHENKMAN CAPITAL MANAGEMENT INC Added +4,184,000+4.2m
CITIGROUP INC Added +3,325,000+3.3m
MORGAN STANLEY Added +3,152,000+3.2m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Added +2,500,000+2.5m
MACQUARIE GROUP LTD New +2,090,000+2.1m

Biggest sellers

Verition Fund Management LLC Reduced -41,029,000-41.0m
DeepCurrents Investment Group LLC Reduced -11,375,000-11.4m
D. E. Shaw & Co., Inc. Reduced -9,750,000-9.8m
PALISADE CAPITAL MANAGEMENT, LP Sold out -8,065,000-8.1m
CQS (US), LLC Reduced -7,800,000-7.8m
AXA S.A. Reduced -6,950,000-7.0m
FMR LLC Reduced -6,300,000-6.3m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -5,240,000-5.2m
VOYA INVESTMENT MANAGEMENT LLC Reduced -3,315,000-3.3m
LORD, ABBETT & CO. LLC Sold out -3,045,000-3.0m

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Graham Capital Management, L.P. 4.39% of their portfolio ROWAYTON, CT 120,783,000120.8m $115.2m $115.2m 4.39% Added +12.0m +12,002,000
2 VOYA INVESTMENT MANAGEMENT LLC 0.10% of their portfolio ATLANTA, GA 91,055,00091.1m $87.1m $87.1m 0.10% Reduced -3.3m -3,315,000
3 LAZARD ASSET MANAGEMENT LLC 0.10% of their portfolio NEW YORK, NY 73,264,00073.3m $70.1m $70.1m 0.10% Added +33.8m +33,765,000
4 ADVENT CAPITAL MANAGEMENT /DE/ 1.23% of their portfolio NEW YORK, NY 71,902,00071.9m $68.8m $68.8m 1.23% Added +4.4m +4,356,000
5 DeepCurrents Investment Group LLC 2.47% of their portfolio NEW YORK, NY 61,090,00061.1m $58.3m $58.3m 2.47% Reduced -11.4m -11,375,000
6 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 56,855,00056.9m $54.1m $54.1m 0.02% Reduced -2.0m -2,000,000
7 D. E. Shaw & Co., Inc. 0.09% of their portfolio New York, NY 55,545,00055.5m $53.0m $53.0m 0.09% Reduced -9.8m -9,750,000
8 Calamos Advisors LLC 0.15% of their portfolio NAPERVILLE, IL 33,207,00033.2m $31.7m $31.7m 0.15% Unchanged
9 SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio London, X0 28,925,00028.9m $27.7m $27.7m 0.04% Unchanged
10 SHENKMAN CAPITAL MANAGEMENT INC 1.64% of their portfolio NEW YORK, NY 27,778,00027.8m $26.4m $26.4m 1.64% Added +4.2m +4,184,000
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 25,846,00025.8m $24.7m $24.7m 0.00% Reduced -1.9m -1,938,000
12 Marcho Partners LLP 5.56% of their portfolio LONDON, X0 25,000,00025.0m $23.6m $23.6m 5.56% Unchanged
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 24,299,00024.3m $23.2m $23.2m 0.00% Added +1.2m +1,175,000
14 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 21,070,00021.1m $20.1m $20.1m 0.00% Reduced -1.1m -1,085,000
15 Verition Fund Management LLC 0.34% of their portfolio GREENWICH, CT 18,369,00018.4m $17.6m $17.6m 0.34% Reduced -41.0m -41,029,000
16 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 15,400,00015.4m $14.7m $14.7m 0.02% Reduced -117.0k -117,000
17 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 14,300,00014.3m $13.6m $13.6m 0.04% Unchanged
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 14,158,00014.2m $13.5m $13.5m 0.00% Reduced -501.0k -501,000
19 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 13,750,00013.8m $13.1m $13.1m 0.02% Added +1.8m +1,750,000
20 SSI INVESTMENT MANAGEMENT LLC 0.81% of their portfolio Los Angeles, CA 13,385,00013.4m $12.7m $12.7m 0.81% Reduced -256.0k -256,000
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 12,314,00012.3m $11.7m $11.7m 0.00% Added +3.2m +3,152,000
22 RWC Asset Management LLP 0.33% of their portfolio LONDON, X0 11,000,00011.0m $10.5m $10.5m 0.33% Added +800.0k +800,000
23 Man Group plc 0.04% of their portfolio LONDON, X0 10,800,00010.8m $10.3m $10.3m 0.04% Reduced -1.1m -1,100,000
24 OMERS ADMINISTRATION Corp 0.15% of their portfolio TORONTO, A6 10,000,00010.0m $9.6m $9.6m 0.15% Unchanged
25 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 9,583,0009.6m $9.1m $9.1m 0.02% New
26 BlackRock Inc. 0.00% of their portfolio New York, NY 9,526,0009.5m $9.1m $9.1m 0.00% Added +825.0k +825,000
27 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 8,611,0008.6m $8.2m $8.2m 0.00% Reduced -1.3m -1,289,000
28 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 7,900,0007.9m $7.5m $7.5m 0.00% Unchanged
29 Crystalline Management Inc. 3.37% of their portfolio Montreal, Quebec, Z4 7,000,0007.0m $6.7m $6.7m 3.37% First filing
30 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 6,981,0007.0m $6.7m $6.7m 0.00% Added +4.5m +4,527,000
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,138,0006.1m $5.8m $5.8m 0.00% Added +82.0k +82,000
32 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 6,000,0006.0m $5.7m $5.7m 0.02% Added +2.5m +2,500,000
33 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 5,697,0005.7m $5.4m $5.4m 0.01% Added +1.1m +1,139,000
34 CQS (US), LLC 0.63% of their portfolio NEW YORK, NY 5,050,0005.0m $4.8m $4.8m 0.63% Reduced -7.8m -7,800,000
35 AXA S.A. 0.02% of their portfolio PARIS, I0 4,750,0004.8m $4.5m $4.5m 0.02% Reduced -7.0m -6,950,000
36 CONNING INC. 0.14% of their portfolio HARTFORD, CT 4,600,0004.6m $4.4m $4.4m 0.14% Added +1.9m +1,925,000
37 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 4,169,0004.2m $4.0m $4.0m 0.01% Added +107.0k +107,000
38 Amundi 0.00% of their portfolio Paris, I0 4,000,0004.0m $4.0m $4.0m 0.00% Unchanged
39 MacKay Shields LLC 0.10% of their portfolio New York, NY 3,923,0003.9m $3.7m $3.7m 0.10% Reduced -157.0k -157,000
40 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 3,865,0003.9m $3.7m $3.7m 0.00% Unchanged
41 Liberty Mutual Group Asset Management Inc. 0.96% of their portfolio Boston, MA 3,760,0003.8m $3.6m $3.6m 0.96% Unchanged
42 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,345,0003.3m $3.2m $3.2m 0.00% Added +3.3m +3,325,000
43 JUPITER ASSET MANAGEMENT LTD 0.05% of their portfolio London, X0 3,250,0003.2m $3.1m $3.1m 0.05% Unchanged
44 EDMOND DE ROTHSCHILD HOLDING S.A. 0.06% of their portfolio CHAMBESY, V8 2,565,0002.6m $2.4m $2.4m 0.06% Unchanged
45 Fore Capital, LLC 4.15% of their portfolio New York, NY 2,500,0002.5m $2.4m $2.4m 4.15% Reduced -2.5m -2,500,000
46 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 2,450,0002.5m $2.3m $2.3m 0.00% Added +950.0k +950,000
47 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2,354,0002.4m $2.2m $2.2m 0.00% Added +1.8m +1,849,000
48 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,090,0002.1m $2.0m $2.0m 0.00% New
49 ZAZOVE ASSOCIATES LLC 0.18% of their portfolio INCLINE VILLAGE, NV 2,000,0002.0m $1.9m $1.9m 0.18% Reduced -1.5m -1,500,000
50 WATER ISLAND CAPITAL LLC 0.16% of their portfolio NEW YORK, NY 2,000,0002.0m $1.9m $1.9m 0.16% Unchanged
51 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 1,018,0001.0m $928.4k $928.4k 0.00% Unchanged
52 Quaero Capital S.A. 0.53% of their portfolio GENEVE, V8 800,000800.0k $763.2k $763.2k 0.53% Unchanged
53 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 674,000674.0k $643.3k $643.3k 0.00% First filing
54 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 553,000553.0k $522.6k $522.6k 0.00% Unchanged
55 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 550,000550.0k $524.9k $524.9k 0.00% Reduced -4.0k -4,000
56 KBC Group NV 0.00% of their portfolio Brussels, C9 400,000400.0k $382.0k $382.0k 0.00% Unchanged
57 FMR LLC 0.00% of their portfolio BOSTON, MA 309,000309.0k $293.9k $293.9k 0.00% Reduced -6.3m -6,300,000
58 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 265,000265.0k $252.0k $252.0k 0.01% Unchanged
59 Northwest & Ethical Investments L.P. 0.01% of their portfolio TORONTO, A6 250,000250.0k $238.7k $238.7k 0.01% Unchanged
60 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 225,000225.0k $214.0k $214.0k 0.00% Unchanged
61 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 205,143205.1k $128.0k $128.0k 0.00% Reduced -45.6k -45,594
62 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 63,00063.0k $60.6k $60.6k 0.00% New
63 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 60,00060.0k $57.1k $57.1k 0.00% Added +3.0k +3,000
64 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 56,56856.6k $3.6m $3.6m 0.01% New
65 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 31,00031.0k $30.0k $30.0k 0.00% Added +7.0k +7,000
66 Goldstein Advisors, LLC 0.01% of their portfolio Madison, WI 30,00030.0k $29.0k $29.0k 0.01% First filing
67 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 22,00022.0k $20.9k $20.9k 0.00% Unchanged
68 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 21,00021.0k $20.1k $20.1k 0.01% Unchanged
69 NINE MASTS CAPITAL Ltd 5.50% of their portfolio CENTRAL, K3 18,00018.0k $17.2m $17.2m 5.50% Unchanged
70 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 18,00018.0k $17.1k $17.1k 0.00% Unchanged
71 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 14,00014.0k $13.0k $13.0k 0.00% New
72 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 10,00010.0k $9.5k $9.5k 0.00% Unchanged
73 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 7,0007.0k $6.7k $6.7k 0.00% Unchanged
74 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 5,2005.2k $491.0k $491.0k 0.01% Unchanged
75 LAFFER TENGLER INVESTMENTS, INC. 0.72% of their portfolio Scottsdale, AZ 2,6342.6k $2.5m $2.5m 0.72% Reduced -105 -105
76 Wellesley Asset Management 0.01% of their portfolio PORTSMOUTH, NH 215215 $205 $205 0.01% New
77 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged