Vault-13

BLOCK INC XYZ 0.125 03.01.25

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

73 institutional holders +5 vs Q1 2024
59,342,19459.3m shares reported held*
$988.2mreported value*
17 new 18 added 23 reduced 12 sold out net bought ≈ $20.5m (+20.1m 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 ($18.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $16.97.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 76Q4 22: 77Q1 23: 77Q2 23: 79Q3 23: 83Q4 23: 76Q1 24: 68Q2 24: 7373Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202276
Q4 202277
Q1 202377
Q2 202379
Q3 202383
Q4 202376
Q1 202468
Q2 202473

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 outQ2 23: 29 bought or addedQ2 23: 34 cut or sold outQ2 23Q3 23: 35 bought or addedQ3 23: 31 cut or sold outQ4 23: 30 bought or addedQ4 23: 46 cut or sold outQ4 23Q1 24: 28 bought or addedQ1 24: 36 cut or sold outQ2 24: 35 bought or addedQ2 24: 35 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222628
Q1 20232834
Q2 20232934
Q3 20233531
Q4 20233046
Q1 20242836
Q2 20243535

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. Added +37,250,000+37.2m
ARISTEIA CAPITAL, L.L.C. New +32,872,000+32.9m
Verition Fund Management LLC Added +30,444,000+30.4m
JANE STREET GROUP, LLC Added +28,975,000+29.0m
CITADEL ADVISORS LLC New +20,500,000+20.5m
III Capital Management Added +18,000,000+18.0m
Daiwa Securities Group Inc. New +17,500,000+17.5m
Nuveen Asset Management, LLC New +15,000,000+15.0m
Paloma Partners Management Co New +13,386,000+13.4m
Opti Capital Management, LP New +13,081,000+13.1m

Biggest sellers

Linden Advisors LP Reduced -100,519,000-100.5m
VOYA INVESTMENT MANAGEMENT LLC Reduced -79,630,000-79.6m
MacKay Shields LLC Reduced -41,581,000-41.6m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -27,922,000-27.9m
SHENKMAN CAPITAL MANAGEMENT INC Sold out -23,979,000-24.0m
BlackRock Inc. Sold out -7,901,000-7.9m
NEW YORK STATE COMMON RETIREMENT FUND Sold out -7,190,000-7.2m
RWC Asset Management LLP Sold out -7,000,000-7.0m
Magnetar Financial LLC Reduced -4,621,000-4.6m
Calamos Advisors LLC Reduced -4,471,000-4.5m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.12% of their portfolio ATLANTA, GA 129,520,000129.5m $125.3m $125.3m 0.12% Reduced -79.6m -79,630,000
2 TENOR CAPITAL MANAGEMENT Co., L.P. 1.21% of their portfolio NEW YORK, NY 80,000,00080.0m $77.1m $77.1m 1.21% Added +37.2m +37,250,000
3 III Capital Management 3.86% of their portfolio BOCA RATON, FL 72,325,00072.3m $69.7m $69.7m 3.86% Added +18.0m +18,000,000
4 Calamos Advisors LLC 0.30% of their portfolio NAPERVILLE, IL 64,656,00064.7m $62.3m $62.3m 0.30% Reduced -4.5m -4,471,000
5 DeepCurrents Investment Group LLC 2.37% of their portfolio NEW YORK, NY 61,139,00061.1m $58.9m $58.9m 2.37% Added +3.0m +3,000,000
6 LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 59,757,00059.8m $57.8m $57.8m 0.07% Added +9.1m +9,071,000
7 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 54,857,00054.9m $52.9m $52.9m 0.01% Added +2.0k +2,000
8 Verition Fund Management LLC 0.36% of their portfolio GREENWICH, CT 48,763,00048.8m $47.2m $47.2m 0.36% Added +30.4m +30,444,000
9 ARISTEIA CAPITAL, L.L.C. 1.18% of their portfolio GREENWICH, CT 32,872,00032.9m $31.8m $31.8m 1.18% New
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 29,824,00029.8m $28.8m $28.8m 0.00% Added +9.5m +9,514,000
11 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 29,800,00029.8m $28.8m $28.8m 0.03% Added +29.0m +28,975,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 20,774,00020.8m $20.0m $20.0m 0.00% Reduced -1.5m -1,500,000
13 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 20,500,00020.5m $19.8m $19.8m 0.02% New
14 Daiwa Securities Group Inc. 0.09% of their portfolio CHIYODA-KU,TOKYO, M0 17,500,00017.5m $16.9m $16.9m 0.09% New
15 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 15,746,00015.7m $15.2m $15.2m 0.00% Added +10.3m +10,346,000
16 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 15,000,00015.0m $17.9m $17.9m 0.01% New
17 STEELHEAD PARTNERS LLC 0.73% of their portfolio SEATTLE, WA 14,500,00014.5m $14.0m $14.0m 0.73% Reduced -4.0m -4,000,000
18 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 13,950,00013.9m $13.4m $13.4m 0.03% Unchanged
19 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 13,440,00013.4m $13.0m $13.0m 0.00% Added +12.5m +12,504,000
20 Paloma Partners Management Co 1.12% of their portfolio GREENWICH, CT 13,386,00013.4m $12.9m $12.9m 1.12% New
21 Opti Capital Management, LP 0.94% of their portfolio New York, NY 13,081,00013.1m $12.6m $12.6m 0.94% New
22 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 12,000,00012.0m $11.6m $11.6m 0.02% Unchanged
23 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 12,000,00012.0m $11.6m $11.6m 0.02% New
24 Fort Baker Capital Management LP 1.37% of their portfolio Larkspur, CA 12,000,00012.0m $11.6m $11.6m 1.37% New
25 SONA ASSET MANAGEMENT (US) LLC 0.94% of their portfolio NEW YORK, NY 12,000,00012.0m $11.6m $11.6m 0.94% New
26 FMR LLC 0.00% of their portfolio BOSTON, MA 11,900,00011.9m $11.5m $11.5m 0.00% Reduced -600.0k -600,000
27 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 11,500,00011.5m $11.1m $11.1m 0.01% Unchanged
28 ADVENT CAPITAL MANAGEMENT /DE/ 0.27% of their portfolio NEW YORK, NY 11,390,00011.4m $11.0m $11.0m 0.27% Reduced -27.9m -27,922,000
29 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 10,874,00010.9m $10.5m $10.5m 0.01% Reduced -3.0m -3,041,000
30 OMERS ADMINISTRATION Corp 0.09% of their portfolio TORONTO, A6 10,000,00010.0m $9.7m $9.7m 0.09% Unchanged
31 Walleye Capital LLC 0.10% of their portfolio NEW YORK, NY 10,000,00010.0m $9.7m $9.7m 0.10% New
32 Magnetar Financial LLC 0.19% of their portfolio EVANSTON, IL 9,379,0009.4m $9.1m $9.1m 0.19% Reduced -4.6m -4,621,000
33 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 9,022,0009.0m $8.7m $8.7m 0.01% Added +8.3m +8,329,000
34 Man Group plc 0.02% of their portfolio LONDON, X0 6,975,0007.0m $6.7m $6.7m 0.02% Added +300.0k +300,000
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 6,093,0006.1m $5.9m $5.9m 0.00% Added +4.4m +4,434,000
36 PALISADE CAPITAL MANAGEMENT, LP 0.16% of their portfolio FORT LEE, NJ 6,093,0006.1m $5.9m $5.9m 0.16% Added +12.0k +12,000
37 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 5,536,0005.5m $5.3m $5.3m 0.01% Added +5.3m +5,318,000
38 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 4,882,0004.9m $4.7m $4.7m 0.00% Added +4.5m +4,538,000
39 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,250,0004.2m $4.1m $4.1m 0.01% Unchanged
40 Amundi 0.00% of their portfolio Paris, I0 4,000,0004.0m $3.9m $3.9m 0.00% Unchanged
41 CQS (US), LLC 1.05% of their portfolio NEW YORK, NY 4,000,0004.0m $3.9m $3.9m 1.05% Unchanged
42 CONNING INC. 0.12% of their portfolio HARTFORD, CT 3,600,0003.6m $3.5m $3.5m 0.12% Unchanged
43 MacKay Shields LLC 0.10% of their portfolio New York, NY 3,330,0003.3m $3.2m $3.2m 0.10% Reduced -41.6m -41,581,000
44 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 2,608,0002.6m $2.5m $2.5m 0.00% New
45 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,554,0002.6m $2.5m $2.5m 0.00% Reduced -2.4m -2,369,000
46 Polar Capital Holdings Plc 0.01% of their portfolio London, X0 2,500,0002.5m $2.4m $2.4m 0.01% New
47 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 2,415,0002.4m $2.3m $2.3m 0.00% Reduced -4.2m -4,230,000
48 BOOTHBAY FUND MANAGEMENT, LLC 0.06% of their portfolio NEW YORK, NY 2,184,0002.2m $2.1m $2.1m 0.06% Reduced -545.0k -545,000
49 OAKTREE CAPITAL MANAGEMENT LP 0.03% of their portfolio LOS ANGELES, CA 1,807,0001.8m $1.7m $1.7m 0.03% New
50 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,219,0001.2m $1.2m $1.2m 0.00% Reduced -1.3m -1,331,000
51 Wellesley Asset Management 0.12% of their portfolio PORTSMOUTH, NH 1,186,0001.2m $1.1m $1.1m 0.12% Reduced -1.2m -1,172,000
52 Linden Advisors LP 0.01% of their portfolio New York, NY 1,167,0001.2m $1.1m $1.1m 0.01% Reduced -100.5m -100,519,000
53 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 1,110,0001.1m $1.1m $1.1m 0.02% New
54 Liberty Mutual Group Asset Management Inc. 0.10% of their portfolio Boston, MA 735,000735.0k $708.2k $708.2k 0.10% Reduced -1.2m -1,200,000
55 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 693,000693.0k $668.1k $668.1k 0.00% New
56 DNCA FINANCE 0.05% of their portfolio PARIS, I0 600,000600.0k $578.8k $578.8k 0.05% First filing
57 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $289.3k $289.3k 0.00% Reduced -200.0k -200,000
58 Northwest & Ethical Investments L.P. 0.01% of their portfolio TORONTO, A6 250,000250.0k $241.1k $241.1k 0.01% Unchanged
59 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 230,000230.0k $221.1k $221.1k 0.00% Unchanged
60 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 197,000197.0k $189.8k $189.8k 0.01% Added +8.0k +8,000
61 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 102,000102.0k $98.3k $98.3k 0.00% Added +47.0k +47,000
62 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 83,00083.0k $80.0k $80.0k 0.00% New
63 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 48,00048.0k $46.2k $46.2k 0.00% Reduced -1.0k -1,000
64 SSI INVESTMENT MANAGEMENT LLC 0.00% of their portfolio Los Angeles, CA 44,00044.0k $42.4k $42.4k 0.00% Reduced -849.0k -849,000
65 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 43,22243.2k $2.8m $2.8m 0.00% Reduced -4.6k -4,628
66 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 25,60025.6k $2.5m $2.5m 0.02% Reduced -17.5k -17,500
67 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 17,00017.0k $16.4k $16.4k 0.00% Unchanged
68 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 13,00013.0k $12.5k $12.5k 0.00% Reduced -5.0k -5,000
69 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 12,00012.0k $11.0k $11.0k 0.00% Unchanged
70 Context Capital Management, LLC 0.28% of their portfolio LAJOLLA, CA 8,0008.0k $7.7m $7.7m 0.28% New
71 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 7,0007.0k $6.7k $6.7k 0.00% Unchanged
72 LAFFER TENGLER INVESTMENTS, INC. 0.41% of their portfolio Scottsdale, AZ 1,9722.0k $1.9m $1.9m 0.41% Reduced -146 -146
73 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged