Vault-13

BLOCK INC XYZ 0.125 03.01.25

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

68 institutional holders -8 vs Q4 2023
39,210,96839.2m shares reported held*
$1.1bnreported value*
5 new 23 added 23 reduced 13 sold out net sold ≈ $2.5m (+3.5m 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 ($18.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.30.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 76Q4 22: 77Q1 23: 77Q2 23: 79Q3 23: 83Q4 23: 76Q1 24: 6868Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202276
Q4 202277
Q1 202377
Q2 202379
Q3 202383
Q4 202376
Q1 202468

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 22: 26 bought or addedQ4 22: 28 cut or sold outQ4 22Q1 23: 28 bought or addedQ1 23: 34 cut or sold outQ1 23Q2 23: 29 bought or addedQ2 23: 34 cut or sold outQ2 23Q3 23: 35 bought or addedQ3 23: 31 cut or sold outQ3 23Q4 23: 30 bought or addedQ4 23: 46 cut or sold outQ4 23Q1 24: 28 bought or addedQ1 24: 36 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222628
Q1 20232834
Q2 20232934
Q3 20233531
Q4 20233046
Q1 20242836

Biggest buyers

VOYA INVESTMENT MANAGEMENT LLC Added +42,250,000+42.2m
Linden Advisors LP Added +37,347,000+37.3m
SHENKMAN CAPITAL MANAGEMENT INC New +23,979,000+24.0m
III Capital Management Added +21,525,000+21.5m
Segantii Capital Management Ltd Added +21,500,000+21.5m
STEELHEAD PARTNERS LLC New +18,500,000+18.5m
Verition Fund Management LLC Added +18,300,681+18.3m
FMR LLC New +12,500,000+12.5m
ADVENT CAPITAL MANAGEMENT /DE/ Added +9,123,000+9.1m
BANK OF NOVA SCOTIA Added +7,250,000+7.2m

Biggest sellers

TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -102,545,000-102.5m
CITADEL ADVISORS LLC Sold out -21,500,000-21.5m
BANK OF AMERICA CORP /DE/ Reduced -13,769,000-13.8m
Magnetar Financial LLC Reduced -11,550,000-11.6m
SONA ASSET MANAGEMENT (US) LLC Sold out -10,000,000-10.0m
LAZARD ASSET MANAGEMENT LLC Reduced -8,971,000-9.0m
MORGAN STANLEY Reduced -7,176,000-7.2m
CITIGROUP INC Reduced -5,710,000-5.7m
BANK OF MONTREAL /CAN/ Sold out -5,700,000-5.7m
OAKTREE CAPITAL MANAGEMENT LP Sold out -4,263,000-4.3m

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.21% of their portfolio ATLANTA, GA 209,150,000209.2m $214.6m $214.6m 0.21% Added +42.2m +42,250,000
2 Linden Advisors LP 0.82% of their portfolio New York, NY 101,686,000101.7m $104.0m $104.0m 0.82% Added +37.3m +37,347,000
3 Calamos Advisors LLC 0.34% of their portfolio NAPERVILLE, IL 69,127,00069.1m $70.7m $70.7m 0.34% Added +2.0k +2,000
4 DeepCurrents Investment Group LLC 2.45% of their portfolio NEW YORK, NY 58,139,00058.1m $59.3m $59.3m 2.45% Unchanged
5 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 54,855,00054.9m $56.1m $56.1m 0.01% Unchanged
6 III Capital Management 3.16% of their portfolio BOCA RATON, FL 54,325,00054.3m $55.6m $55.6m 3.16% Added +21.5m +21,525,000
7 LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 50,686,00050.7m $52.0m $52.0m 0.06% Reduced -9.0m -8,971,000
8 MacKay Shields LLC 1.28% of their portfolio New York, NY 44,911,00044.9m $46.1m $46.1m 1.28% Reduced -122.0k -122,000
9 TENOR CAPITAL MANAGEMENT Co., L.P. 0.70% of their portfolio NEW YORK, NY 42,750,00042.8m $43.8m $43.8m 0.70% Reduced -102.5m -102,545,000
10 ADVENT CAPITAL MANAGEMENT /DE/ 1.03% of their portfolio NEW YORK, NY 39,312,00039.3m $40.3m $40.3m 1.03% Added +9.1m +9,123,000
11 Segantii Capital Management Ltd 2.65% of their portfolio HONG KONG, K3 26,500,00026.5m $27.1m $27.1m 2.65% Added +21.5m +21,500,000
12 SHENKMAN CAPITAL MANAGEMENT INC 1.76% of their portfolio NEW YORK, NY 23,979,00024.0m $24.9m $24.9m 1.76% New
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 22,274,00022.3m $22.8m $22.8m 0.00% Unchanged
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 20,310,00020.3m $20.8m $20.8m 0.00% Added +82.0k +82,000
15 STEELHEAD PARTNERS LLC 0.99% of their portfolio SEATTLE, WA 18,500,00018.5m $18.9m $18.9m 0.99% New
16 Verition Fund Management LLC 0.18% of their portfolio GREENWICH, CT 18,319,00018.3m $18.8m $18.8m 0.18% Added +18.3m +18,300,681
17 Magnetar Financial LLC 0.32% of their portfolio EVANSTON, IL 14,000,00014.0m $14.3m $14.3m 0.32% Reduced -11.6m -11,550,000
18 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 13,950,00013.9m $14.3m $14.3m 0.03% Unchanged
19 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 13,915,00013.9m $14.2m $14.2m 0.01% Added +1.5m +1,478,000
20 FMR LLC 0.00% of their portfolio BOSTON, MA 12,500,00012.5m $12.8m $12.8m 0.00% New
21 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 12,000,00012.0m $12.2m $12.2m 0.02% Added +7.2m +7,250,000
22 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 11,500,00011.5m $11.8m $11.8m 0.01% Added +5.8m +5,750,000
23 OMERS ADMINISTRATION Corp 0.12% of their portfolio TORONTO, A6 10,000,00010.0m $10.3m $10.3m 0.12% Unchanged
24 BlackRock Inc. 0.00% of their portfolio New York, NY 7,901,0007.9m $8.1m $8.1m 0.00% Added +675.0k +675,000
25 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 7,190,0007.2m $7.4m $7.4m 0.01% Added +2.3m +2,306,000
26 RWC Asset Management LLP 0.45% of their portfolio LONDON, X0 7,000,0007.0m $7.2m $7.2m 0.45% Added +1.5m +1,500,000
27 Man Group plc 0.02% of their portfolio LONDON, X0 6,675,0006.7m $6.8m $6.8m 0.02% Added +2.4m +2,380,000
28 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 6,645,0006.6m $6.8m $6.8m 0.00% Reduced -1.8m -1,840,000
29 PALISADE CAPITAL MANAGEMENT, LP 0.16% of their portfolio FORT LEE, NJ 6,081,0006.1m $6.2m $6.2m 0.16% Reduced -18.0k -18,000
30 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5,400,0005.4m $5.5m $5.5m 0.00% Reduced -13.8m -13,769,000
31 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 4,923,0004.9m $5.0m $5.0m 0.01% Unchanged
32 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,250,0004.2m $4.3m $4.3m 0.01% Added +750.0k +750,000
33 Amundi 0.00% of their portfolio Paris, I0 4,000,0004.0m $3.9m $3.9m 0.00% Unchanged
34 CQS (US), LLC 1.05% of their portfolio NEW YORK, NY 4,000,0004.0m $4.1m $4.1m 1.05% Unchanged
35 CONNING INC. 0.12% of their portfolio HARTFORD, CT 3,600,0003.6m $3.7m $3.7m 0.12% Unchanged
36 BOOTHBAY FUND MANAGEMENT, LLC 0.08% of their portfolio NEW YORK, NY 2,729,0002.7m $2.8m $2.8m 0.08% Added +971.0k +971,000
37 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,550,0002.5m $2.6m $2.6m 0.00% Reduced -7.2m -7,176,000
38 Wellesley Asset Management 0.24% of their portfolio PORTSMOUTH, NH 2,358,0002.4m $2.4m $2.4m 0.24% Added +965.0k +965,000
39 Liberty Mutual Group Asset Management Inc. 0.56% of their portfolio Boston, MA 1,935,0001.9m $2.0m $2.0m 0.56% Reduced -225.0k -225,000
40 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,659,0001.7m $1.7m $1.7m 0.00% Reduced -2.0m -1,994,000
41 JUPITER ASSET MANAGEMENT LTD 0.01% of their portfolio London, X0 1,500,0001.5m $1.5m $1.5m 0.01% Reduced -500.0k -500,000
42 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 936,000936.0k $957.1k $957.1k 0.00% Reduced -3.1m -3,097,000
43 SSI INVESTMENT MANAGEMENT LLC 0.07% of their portfolio Los Angeles, CA 893,000893.0k $913.1k $913.1k 0.07% Reduced -86.0k -86,000
44 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 825,000825.0k $841.5k $841.5k 0.00% Added +775.0k +775,000
45 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 693,000693.0k $708.6k $708.6k 0.00% Reduced -3.8m -3,844,000
46 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $511.3k $511.3k 0.00% Unchanged
47 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 352,000352.0k $359.9k $359.9k 0.00% Unchanged
48 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 344,000344.0k $351.0k $351.0k 0.00% Reduced -1.0m -1,039,000
49 Northwest & Ethical Investments L.P. 0.01% of their portfolio TORONTO, A6 250,000250.0k $255.5k $255.5k 0.01% Unchanged
50 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 230,000230.0k $232.9k $232.9k 0.00% Unchanged
51 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 218,000218.0k $222.4k $222.4k 0.00% Reduced -5.7m -5,710,000
52 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 189,000189.0k $193.2k $193.2k 0.01% Added +39.0k +39,000
53 AQR Arbitrage LLC 0.01% of their portfolio Greenwich, CT 140,000140.0k $143.7k $143.7k 0.01% New
54 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 55,00055.0k $56.2k $56.2k 0.00% Reduced -62.0k -62,000
55 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 49,00049.0k $50.1k $50.1k 0.00% Added +16.0k +16,000
56 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 47,85047.9k $4.0m $4.0m 0.01% Reduced -6.4k -6,404
57 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 43,10043.1k $4.4m $4.4m 0.02% Added +14.8k +14,800
58 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 43,00043.0k $44.0k $44.0k 0.00% New
59 Fox Hill Wealth Management 0.01% of their portfolio DEDHAM, MA 20,00020.0k $20.4k $20.4k 0.01% Reduced -2.0k -2,000
60 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 18,00018.0k $18.4k $18.4k 0.01% Unchanged
61 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 18,00018.0k $18.4k $18.4k 0.00% Reduced -5.0k -5,000
62 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 17,00017.0k $17.4k $17.4k 0.00% Reduced -1.0k -1,000
63 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 12,00012.0k $12.0k $12.0k 0.00% Reduced -12.0k -12,000
64 Iron Horse Wealth Management, LLC 0.00% of their portfolio JOHSTON, IA 8,0008.0k $8.2k $8.2k 0.00% Unchanged
65 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 7,0007.0k $7.2k $7.2k 0.00% Unchanged
66 Alpine Global Management, LLC 0.67% of their portfolio NEW YORK, NY 6,0006.0k $6.1m $6.1m 0.67% Added +3.0k +3,000
67 LAFFER TENGLER INVESTMENTS, INC. 0.56% of their portfolio Scottsdale, AZ 2,1182.1k $2.2m $2.2m 0.56% Reduced -86 -86
68 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged