Vault-13

BLOCK INC XYZ 0 05.01.26

NOTE 5/0 · US DOMESTIC · CUSIP 852234AJ2

51 institutional holders -2 vs Q1 2023
64,831,00064.8m shares reported held*
$515.0mreported value*
7 new 10 added 13 reduced 9 sold out net bought ≈ $6.9m (+887.0k 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 ($7.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.06.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 49Q4 22: 56Q1 23: 53Q2 23: 5151Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202249
Q4 202256
Q1 202353
Q2 202351

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 19 bought or addedQ4 22: 17 cut or sold outQ4 22Q1 23: 21 bought or addedQ1 23: 30 cut or sold outQ1 23Q2 23: 17 bought or addedQ2 23: 22 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221917
Q1 20232130
Q2 20231722

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300kQ3 22 calls: $234.0kQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$234.0k$00.00
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$0—

Biggest buyers

MILLENNIUM MANAGEMENT LLC New +16,000,000+16.0m
Opti Capital Management, LP New +10,000,000+10.0m
Monashee Investment Management LLC New +10,000,000+10.0m
STEELHEAD PARTNERS LLC Added +10,000,000+10.0m
Linden Advisors LP Added +9,923,000+9.9m
GUGGENHEIM CAPITAL LLC Added +9,711,000+9.7m
BARCLAYS PLC Added +4,679,000+4.7m
CAMDEN ASSET MANAGEMENT L P /CA Added +3,990,000+4.0m
STATE STREET CORP Added +2,500,000+2.5m
CITADEL ADVISORS LLC New +1,500,000+1.5m

Biggest sellers

JPMORGAN CHASE & CO Reduced -10,567,000-10.6m
Nuveen Asset Management, LLC Reduced -9,184,000-9.2m
BlackRock Inc. Reduced -8,390,000-8.4m
LORD, ABBETT & CO. LLC Reduced -8,258,000-8.3m
LORD, ABBETT & CO. LLC Reduced -8,258,000-8.3m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Sold out -8,000,000-8.0m
VOYA INVESTMENT MANAGEMENT LLC Reduced -4,240,000-4.2m
AVIVA PLC Sold out -4,205,000-4.2m
READYSTATE ASSET MANAGEMENT LP Sold out -4,000,000-4.0m
WELLS FARGO & COMPANY/MN Reduced -3,708,000-3.7m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.11% of their portfolio ATLANTA, GA 126,330,000126.3m $105.0m $105.0m 0.11% Reduced -4.2m -4,240,000
2 CAMDEN ASSET MANAGEMENT L P /CA 1.47% of their portfolio Los Angeles, CA 51,359,00051.4m $42.4m $42.4m 1.47% Added +4.0m +3,990,000
3 LORD, ABBETT & CO. LLC 0.07% of their portfolio JERSEY CITY, NJ 49,074,00049.1m $40.6m $40.6m 0.07% Reduced -8.3m -8,258,000
4 LORD, ABBETT & CO. LLC 0.07% of their portfolio JERSEY CITY, NJ 49,074,00049.1m $40.6m $40.6m 0.07% Reduced -8.3m -8,258,000
5 Linden Advisors LP 0.32% of their portfolio New York, NY 36,674,00036.7m $30.5m $30.5m 0.32% Added +9.9m +9,923,000
6 DeepCurrents Investment Group LLC 1.04% of their portfolio NEW YORK, NY 29,000,00029.0m $24.1m $24.1m 1.04% Unchanged
7 GUGGENHEIM CAPITAL LLC 0.18% of their portfolio CHICAGO, IL 27,121,00027.1m $22.4m $22.4m 0.18% Added +9.7m +9,711,000
8 STEELHEAD PARTNERS LLC 1.31% of their portfolio SEATTLE, WA 25,000,00025.0m $20.7m $20.7m 1.31% Added +10.0m +10,000,000
9 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 24,500,00024.5m $20.4m $20.4m 0.01% Unchanged
10 BlackRock Inc. 0.00% of their portfolio New York, NY 20,035,00020.0m $16.5m $16.5m 0.00% Reduced -8.4m -8,390,000
11 Calamos Advisors LLC 0.07% of their portfolio NAPERVILLE, IL 17,000,00017.0m $14.1m $14.1m 0.07% Unchanged
12 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 16,000,00016.0m $13.3m $13.3m 0.01% New
13 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 15,000,00015.0m $12.5m $12.5m 0.00% Reduced -9.2m -9,184,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,925,00012.9m $10.7m $10.7m 0.00% Added +2.5m +2,500,000
15 Monashee Investment Management LLC 1.98% of their portfolio Boston, MA 10,000,00010.0m $8.3m $8.3m 1.98% New
16 Opti Capital Management, LP 0.70% of their portfolio New York, NY 10,000,00010.0m $8.3m $8.3m 0.70% New
17 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 8,589,0008.6m $7.1m $7.1m 0.00% Added +4.7m +4,679,000
18 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 7,653,0007.7m $6.3m $6.3m 0.00% Unchanged
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,432,0007.4m $6.2m $6.2m 0.00% Reduced -10.6m -10,567,000
20 ONTARIO TEACHERS PENSION PLAN BOARD 0.06% of their portfolio Toronto, A6 7,000,0007.0m $5.8m $5.8m 0.06% Unchanged
21 TENOR CAPITAL MANAGEMENT Co., L.P. 0.09% of their portfolio NEW YORK, NY 5,000,0005.0m $4.2m $4.2m 0.09% Unchanged
22 CQS (US), LLC 0.38% of their portfolio NEW YORK, NY 3,750,0003.8m $3.1m $3.1m 0.38% Unchanged
23 Amundi 0.00% of their portfolio Paris, I0 3,704,0003.7m $3.1m $3.1m 0.00% Unchanged
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,538,0002.5m $2.1m $2.1m 0.00% Added +1.1m +1,107,000
25 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 2,500,0002.5m $2.1m $2.1m 0.01% Unchanged
26 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,850,0001.9m $1.5m $1.5m 0.01% Unchanged
27 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 1,700,0001.7m $1.4m $1.4m 0.00% Unchanged
28 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,650,0001.6m $1.4m $1.4m 0.00% Unchanged
29 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,544,0001.5m $1.3m $1.3m 0.00% Reduced -3.7m -3,708,000
30 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 1,500,0001.5m $1.2m $1.2m 0.00% New
31 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,499,0001.5m $1.2m $1.2m 0.00% Added +1.3m +1,306,000
32 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,050,0001.1m $867.0k $867.0k 0.00% New
33 PUTNAM INVESTMENTS LLC 0.00% of their portfolio BOSTON, MA 945,000945.0k $780.6k $780.6k 0.00% Unchanged
34 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 875,000875.0k $721.4k $721.4k 0.00% Unchanged
35 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 583,000583.0k $482.4k $482.4k 0.00% Reduced -350.0k -350,000
36 FMR LLC 0.00% of their portfolio BOSTON, MA 524,000524.0k $432.8k $432.8k 0.00% Reduced -524.0k -524,000
37 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 507,000507.0k $421.0k $421.0k 0.00% Unchanged
38 Nicholas Investment Partners, LP 0.03% of their portfolio RANCHO SANTA FE, CA 500,000500.0k $413.0k $413.0k 0.03% Unchanged
39 Central Asset Investments & Management Holdings (HK) Ltd 0.41% of their portfolio HONG KONG, K3 500,000500.0k $414.6k $414.6k 0.41% Unchanged
40 INCOME RESEARCH & MANAGEMENT 0.18% of their portfolio Boston, MA 350,000350.0k $289.1k $289.1k 0.18% Reduced -550.0k -550,000
41 ZAZOVE ASSOCIATES LLC 0.02% of their portfolio INCLINE VILLAGE, NV 300,000300.0k $249.0k $249.0k 0.02% Unchanged
42 EDMOND DE ROTHSCHILD HOLDING S.A. 0.00% of their portfolio CHAMBESY, V8 231,000231.0k $191.7k $191.7k 0.00% Unchanged
43 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $166.2k $166.2k 0.00% Reduced -300.0k -300,000
44 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 51,00051.0k $42.1k $42.1k 0.00% Added +3.0k +3,000
45 Verition Fund Management LLC 0.46% of their portfolio GREENWICH, CT 35,27335.3k $29.3m $29.3m 0.46% Added +7.0k +7,000
46 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 15,00015.0k $12.5k $12.5k 0.00% Reduced -348.0k -348,000
47 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 8,0008.0k $6.6k $6.6k 0.00% New
48 NINE MASTS CAPITAL Ltd 4.77% of their portfolio CENTRAL, K3 7,5007.5k $6.2m $6.2m 4.77% New
49 Context Capital Management, LLC 0.28% of their portfolio LAJOLLA, CA 3,7003.7k $3.1m $3.1m 0.28% Reduced -2.3k -2,300
50 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,0003.0k $2.5k $2.5k 0.00% Unchanged
51 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged