Vault-13

BLOCK INC XYZ 0 05.01.26

NOTE 5/0 · US DOMESTIC · CUSIP 852234AJ2

38 institutional holders +1 vs Q1 2025
18,013,00018.0m shares reported held*
$534.0mreported value*
6 new 8 added 9 reduced 5 sold out net sold ≈ $181.6m (-3.6m 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 ($193.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.66.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 49Q4 22: 56Q1 23: 53Q2 23: 51Q3 23: 51Q4 23: 53Q1 24: 53Q2 24: 50Q3 24: 51Q4 24: 46Q1 25: 37Q2 25: 3838Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202249
Q4 202256
Q1 202353
Q2 202351
Q3 202351
Q4 202353
Q1 202453
Q2 202450
Q3 202451
Q4 202446
Q1 202537
Q2 202538

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 15 bought or addedQ3 23: 22 cut or sold outQ4 23: 14 bought or addedQ4 23: 19 cut or sold outQ4 23Q1 24: 24 bought or addedQ1 24: 16 cut or sold outQ2 24: 14 bought or addedQ2 24: 20 cut or sold outQ2 24Q3 24: 20 bought or addedQ3 24: 15 cut or sold outQ4 24: 11 bought or addedQ4 24: 17 cut or sold outQ4 24Q1 25: 13 bought or addedQ1 25: 23 cut or sold outQ2 25: 14 bought or addedQ2 25: 14 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231522
Q4 20231419
Q1 20242416
Q2 20241420
Q3 20242015
Q4 20241117
Q1 20251323
Q2 20251414

Biggest buyers

Calamos Advisors LLC Added +24,000,000+24.0m
Daiwa Securities Group Inc. New +15,000,000+15.0m
TORONTO DOMINION BANK New +12,421,000+12.4m
D. E. Shaw & Co., Inc. New +10,000,000+10.0m
LORD, ABBETT & CO. LLC Added +8,910,000+8.9m
BANK OF AMERICA CORP /DE/ Added +3,248,000+3.2m
CAMDEN ASSET MANAGEMENT L P /CA Added +2,425,000+2.4m
WELLS FARGO & COMPANY/MN Added +1,502,000+1.5m
ROYAL BANK OF CANADA Added +1,050,000+1.1m
JANE STREET GROUP, LLC New +600,000+600.0k

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -214,055,000-214.1m
BlackRock, Inc. Reduced -19,320,000-19.3m
ARISTEIA CAPITAL, L.L.C. Reduced -16,000,000-16.0m
JPMORGAN CHASE & CO Sold out -7,601,000-7.6m
FRANKLIN RESOURCES INC Sold out -3,571,000-3.6m
OFI INVEST ASSET MANAGEMENT Sold out -3,200,000-3.2m
STATE STREET CORP Reduced -1,600,000-1.6m
OAKTREE CAPITAL MANAGEMENT LP Reduced -1,387,000-1.4m
GUGGENHEIM CAPITAL LLC Reduced -1,090,000-1.1m
BARCLAYS PLC Sold out -721,000-721.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.11% of their portfolio ATLANTA, GA 119,055,000119.1m $114.1m $114.1m 0.11% Reduced -214.1m -214,055,000
2 LORD, ABBETT & CO. LLC 0.22% of their portfolio JERSEY CITY, NJ 70,649,00070.6m $67.6m $67.6m 0.22% Added +8.9m +8,910,000
3 ARISTEIA CAPITAL, L.L.C. 1.67% of their portfolio GREENWICH, CT 61,576,00061.6m $59.0m $59.0m 1.67% Reduced -16.0m -16,000,000
4 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 58,200,00058.2m $55.6m $55.6m 0.01% Unchanged
5 CAMDEN ASSET MANAGEMENT L P /CA 1.00% of their portfolio Los Angeles, CA 44,634,00044.6m $42.6m $42.6m 1.00% Added +2.4m +2,425,000
6 Calamos Advisors LLC 0.17% of their portfolio NAPERVILLE, IL 41,000,00041.0m $39.3m $39.3m 0.17% Added +24.0m +24,000,000
7 GUGGENHEIM CAPITAL LLC 0.19% of their portfolio CHICAGO, IL 24,791,00024.8m $23.7m $23.7m 0.19% Reduced -1.1m -1,090,000
8 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 20,500,00020.5m $19.6m $19.6m 0.02% Unchanged
9 Financial Sense Advisors, Inc. 4.14% of their portfolio SAN DIEGO, CA 17,896,00017.9m $17.1m $17.1m 4.14% Reduced -444.0k -444,000
10 Daiwa Securities Group Inc. 0.05% of their portfolio CHIYODA-KU,TOKYO, M0 15,000,00015.0m $14.3m $14.3m 0.05% New
11 TORONTO DOMINION BANK 0.03% of their portfolio TORONTO, ONTARIO, A6 12,421,00012.4m $11.8m $11.8m 0.03% New
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,950,00010.9m $10.5m $10.5m 0.00% Reduced -1.6m -1,600,000
13 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 10,000,00010.0m $9.6m $9.6m 0.01% New
14 PALISADE CAPITAL MANAGEMENT, LP 0.20% of their portfolio FORT LEE, NJ 7,266,0007.3m $6.9m $6.9m 0.20% Added +500.0k +500,000
15 ONTARIO TEACHERS PENSION PLAN BOARD 0.14% of their portfolio Toronto, A6 7,000,0007.0m $6.7m $6.7m 0.14% Unchanged
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,525,0005.5m $5.3m $5.3m 0.00% Reduced -19.3m -19,320,000
17 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 3,750,0003.8m $3.6m $3.6m 0.00% Unchanged
18 Nicholas Investment Partners, LP 0.30% of their portfolio RANCHO SANTA FE, CA 3,500,0003.5m $3.3m $3.3m 0.30% Unchanged
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,262,2003.3m $3.1m $3.1m 0.00% Added +3.2m +3,248,000
20 Amundi 0.00% of their portfolio Paris, I0 2,600,0002.6m $2.5m $2.5m 0.00% Unchanged
21 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,100,0002.1m $2.0m $2.0m 0.00% Added +1.1m +1,050,000
22 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,987,0002.0m $1.9m $1.9m 0.00% Added +1.5m +1,502,000
23 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 1,700,0001.7m $1.6m $1.6m 0.00% Unchanged
24 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,092,0001.1m $1.0m $1.0m 0.00% Added +43.0k +43,000
25 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 600,000600.0k $572.0k $572.0k 0.00% New
26 OAKTREE CAPITAL MANAGEMENT LP 0.01% of their portfolio LOS ANGELES, CA 514,000514.0k $492.5k $492.5k 0.01% Reduced -1.4m -1,387,000
27 Central Asset Investments & Management Holdings (HK) Ltd 0.40% of their portfolio HONG KONG, K3 500,000500.0k $477.8k $477.8k 0.40% Unchanged
28 ZAZOVE ASSOCIATES LLC 0.01% of their portfolio INCLINE VILLAGE, NV 115,000115.0k $110.2k $110.2k 0.01% Reduced -234.0k -234,000
29 Fox Hill Wealth Management 0.03% of their portfolio DEDHAM, MA 64,00064.0k $60.9k $60.9k 0.03% Unchanged
30 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 50,00050.0k $4.8m $4.8m 0.00% Unchanged
31 VIRTUS ADVISERS, LLC 0.02% of their portfolio HARTFORD, CT 41,00041.0k $39.1k $39.1k 0.02% Unchanged
32 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 39,00039.0k $37.2k $37.2k 0.00% Reduced -15.0k -15,000
33 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 25,00025.0k $23.9k $23.9k 0.00% Unchanged
34 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 15,00015.0k $14.3k $14.3k 0.00% New
35 Context Capital Management, LLC 0.16% of their portfolio LAJOLLA, CA 5,0005.0k $4.8m $4.8m 0.16% New
36 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 3,0003.0k $2.9k $2.9k 0.00% Unchanged
37 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3333 $31.5k $31.5k 0.00% Unchanged
38 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged