Vault-13

UNITY SOFTWARE INC U 0 11.15.26

NOTE 11/1 · US DOMESTIC · CUSIP 91332UAB7

39 institutional holders -6 vs Q1 2025
7,899,9727.9m shares reported held*
$2.0bnreported value*
1 new 11 added 6 reduced 7 sold out net sold ≈ $46.3m (-13.7m 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 ($996.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $249.20.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q4 22: 68Q1 23: 70Q2 23: 69Q3 23: 70Q4 23: 72Q1 24: 64Q2 24: 66Q3 24: 56Q4 24: 53Q1 25: 45Q2 25: 3939Q4 22Q2 23Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 202268
Q1 202370
Q2 202369
Q3 202370
Q4 202372
Q1 202464
Q2 202466
Q3 202456
Q4 202453
Q1 202545
Q2 202539

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 23: 28 bought or addedQ3 23: 19 cut or sold outQ4 23: 31 bought or addedQ4 23: 24 cut or sold outQ4 23Q1 24: 17 bought or addedQ1 24: 42 cut or sold outQ2 24: 24 bought or addedQ2 24: 24 cut or sold outQ2 24Q3 24: 15 bought or addedQ3 24: 27 cut or sold outQ4 24: 24 bought or addedQ4 24: 22 cut or sold outQ4 24Q1 25: 9 bought or addedQ1 25: 31 cut or sold outQ2 25: 12 bought or addedQ2 25: 13 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232819
Q4 20233124
Q1 20241742
Q2 20242424
Q3 20241527
Q4 20242422
Q1 2025931
Q2 20251213

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. Added +70,331,000+70.3m
MILLENNIUM MANAGEMENT LLC Added +25,144,000+25.1m
CAMDEN ASSET MANAGEMENT L P /CA Added +15,000,000+15.0m
Calamos Advisors LLC Added +8,711,000+8.7m
UBS Group AG Added +6,170,000+6.2m
ROYAL BANK OF CANADA Added +4,240,000+4.2m
CITIGROUP INC Added +3,665,000+3.7m
LAZARD ASSET MANAGEMENT LLC Added +3,500,000+3.5m
BNP PARIBAS FINANCIAL MARKETS Added +3,000,000+3.0m
BANK OF AMERICA CORP /DE/ New +2,059,000+2.1m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Sold out -98,330,000-98.3m
Linden Advisors LP Sold out -31,745,000-31.7m
AQR Arbitrage LLC Sold out -31,127,000-31.1m
Ewing Morris & Co. Investment Partners Ltd. Sold out -13,700,000-13.7m
Irenic Capital Management LP Sold out -6,514,000-6.5m
FMR LLC Sold out -6,444,000-6.4m
STATE STREET CORP Reduced -2,400,000-2.4m
BlackRock, Inc. Reduced -1,075,000-1.1m
PALISADE CAPITAL MANAGEMENT, LP Reduced -928,000-928.0k
MORGAN STANLEY Reduced -766,000-766.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 2.12% of their portfolio NEW YORK, NY 168,246,000168.2m $157.3m $157.3m 2.12% Added +70.3m +70,331,000
2 SC US (TTGP), LTD. 10.26% of their portfolio Menlo Park, CA 60,000,00060.0m $1.5bn $1.5bn 10.26% Unchanged
3 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 47,569,00047.6m $44.5m $44.5m 0.04% Added +25.1m +25,144,000
4 CAMDEN ASSET MANAGEMENT L P /CA 0.98% of their portfolio Los Angeles, CA 44,877,00044.9m $41.8m $41.8m 0.98% Added +15.0m +15,000,000
5 Calamos Advisors LLC 0.18% of their portfolio NAPERVILLE, IL 44,350,00044.4m $41.3m $41.3m 0.18% Added +8.7m +8,711,000
6 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 39,896,00039.9m $37.3m $37.3m 0.04% Unchanged
7 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 30,000,00030.0m $28.0m $28.0m 0.02% Added +3.0m +3,000,000
8 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 30,000,00030.0m $28.0m $28.0m 0.03% Unchanged
9 LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 26,550,00026.6m $24.9m $24.9m 0.03% Added +3.5m +3,500,000
10 Aequim Alternative Investments LP 0.57% of their portfolio MILL VALLEY, CA 18,674,00018.7m $17.5m $17.5m 0.57% Unchanged
11 Radcliffe Capital Management, L.P. 1.31% of their portfolio BALA CYNWYD, PA 18,461,00018.5m $17.2m $17.2m 1.31% Unchanged
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 9,725,0009.7m $9.0m $9.0m 0.00% Reduced -2.4m -2,400,000
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 8,776,0008.8m $8.2m $8.2m 0.00% Added +6.2m +6,170,000
14 ADVENT CAPITAL MANAGEMENT /DE/ 0.18% of their portfolio NEW YORK, NY 8,702,0008.7m $8.1m $8.1m 0.18% Unchanged
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 8,480,0008.5m $7.9m $7.9m 0.00% Added +4.2m +4,240,000
16 AVIVA PLC 0.01% of their portfolio LONDON, X0 5,400,0005.4m $5.0m $5.0m 0.01% Reduced -100.0k -100,000
17 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,350,0005.3m $5.0m $5.0m 0.00% Reduced -1.1m -1,075,000
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,122,0005.1m $4.8m $4.8m 0.00% Added +1.7m +1,676,000
19 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,661,0004.7m $4.3m $4.3m 0.00% Added +3.7m +3,665,000
20 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 4,294,0004.3m $4.0m $4.0m 0.01% Unchanged
21 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 3,983,0004.0m $3.7m $3.7m 0.00% Unchanged
22 OAKTREE CAPITAL MANAGEMENT LP 0.06% of their portfolio LOS ANGELES, CA 3,216,0003.2m $3.0m $3.0m 0.06% Unchanged
23 ONTARIO TEACHERS PENSION PLAN BOARD 0.05% of their portfolio Toronto, A6 2,500,0002.5m $2.3m $2.3m 0.05% Unchanged
24 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2,434,0002.4m $2.3m $2.3m 0.00% Unchanged
25 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,100,0002.1m $2.0m $2.0m 0.00% Unchanged
26 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,060,0002.1m $1.9m $1.9m 0.00% Reduced -766.0k -766,000
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,059,0002.1m $1.9m $1.9m 0.00% New
28 CI INVESTMENTS INC. 0.01% of their portfolio TORONTO, Z4 2,000,0002.0m $1.9m $1.9m 0.01% Unchanged
29 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 1,580,0001.6m $1.5m $1.5m 0.01% Unchanged
30 PALISADE CAPITAL MANAGEMENT, LP 0.01% of their portfolio FORT LEE, NJ 517,000517.0k $481.6k $481.6k 0.01% Reduced -928.0k -928,000
31 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 456,000456.0k $424.5k $424.5k 0.00% Unchanged
32 SSI INVESTMENT MANAGEMENT LLC 0.03% of their portfolio Los Angeles, CA 406,000406.0k $378.0k $378.0k 0.03% Reduced -43.0k -43,000
33 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 390,000390.0k $365.0k $365.0k 0.01% Unchanged
34 WASHINGTON CAPITAL MANAGEMENT, INC 0.14% of their portfolio SEATTLE, WA 200,000200.0k $186.2k $186.2k 0.14% Unchanged
35 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 43,00043.0k $40.1k $40.1k 0.00% Added +26.0k +26,000
36 BRIGHTON JONES LLC 0.00% of their portfolio SEATTLE, WA 25,00025.0k $23.3k $23.3k 0.00% Unchanged
37 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 972972 $23.5k $23.5k 0.00% Unchanged
38 Alken Asset Management Ltd 0.48% of their portfolio LONDON, X0 300300 $276.0k $276.0k 0.48% Unchanged
39 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged