Vault-13

UNITY SOFTWARE INC U 0 11.15.26

NOTE 11/1 · US DOMESTIC · CUSIP 91332UAB7

42 institutional holders +3 vs Q3 2025
6,647,0006.6m shares reported held*
$587.0mreported value*
6 new 7 added 7 reduced 5 sold out net bought ≈ $18.3m (-183.6k 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $88.65.

Trends to Q4 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: 39Q3 25: 39Q4 25: 4242Q4 22Q3 23Q2 24Q1 25Q4 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
Q3 202539
Q4 202542

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 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 25Q3 25: 12 bought or addedQ3 25: 14 cut or sold outQ4 25: 13 bought or addedQ4 25: 12 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241742
Q2 20242424
Q3 20241527
Q4 20242422
Q1 2025931
Q2 20251213
Q3 20251214
Q4 20251312

Biggest buyers

D. E. Shaw & Co., Inc. Added +18,100,000+18.1m
UBS Group AG New +16,721,000+16.7m
Balyasny Asset Management L.P. New +15,000,000+15.0m
OAKTREE CAPITAL MANAGEMENT LP Added +5,325,000+5.3m
Lombard Odier Asset Management (Europe) Ltd New +3,374,000+3.4m
STATE STREET CORP Added +1,950,000+1.9m
BlackRock, Inc. Added +1,750,000+1.8m
BANK OF AMERICA CORP /DE/ Added +1,516,000+1.5m
Russell Investments Group, Ltd. Added +1,003,000+1.0m
CITIGROUP INC New +450,000+450.0k

Biggest sellers

TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -36,529,000-36.5m
JPMORGAN CHASE & CO Reduced -5,122,000-5.1m
ROYAL BANK OF CANADA Reduced -2,075,000-2.1m
Radcliffe Capital Management, L.P. Reduced -1,280,000-1.3m
Saranac Partners Ltd Sold out -500,000-500.0k
SSI INVESTMENT MANAGEMENT LLC Sold out -357,000-357.0k
AVIVA PLC Reduced -300,000-300.0k
Lombard Odier Asset Management (Europe) Ltd Sold out -225,555-225.6k
LAZARD ASSET MANAGEMENT LLC Reduced -75,000-75.0k
JANE STREET GROUP, LLC Sold out -50,000-50.0k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.84% of their portfolio NEW YORK, NY 135,378,000135.4m $130.8m $130.8m 1.84% Reduced -36.5m -36,529,000
2 SC US (TTGP), LTD. 0.43% of their portfolio Menlo Park, CA 60,000,00060.0m $60.0m $60.0m 0.43% Unchanged
3 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 57,996,00058.0m $56.0m $56.0m 0.04% Added +18.1m +18,100,000
4 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 47,569,00047.6m $46.0m $46.0m 0.03% Unchanged
5 CAMDEN ASSET MANAGEMENT L P /CA 1.10% of their portfolio Los Angeles, CA 44,877,00044.9m $43.3m $43.3m 1.10% Unchanged
6 Calamos Advisors LLC 0.18% of their portfolio NAPERVILLE, IL 44,350,00044.4m $42.9m $42.9m 0.18% Unchanged
7 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 30,000,00030.0m $28.9m $28.9m 0.02% Unchanged
8 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 30,000,00030.0m $29.0m $29.0m 0.03% Unchanged
9 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 23,475,00023.5m $227.4k $227.4k 0.00% Reduced -75.0k -75,000
10 Aequim Alternative Investments LP 0.36% of their portfolio MILL VALLEY, CA 18,674,00018.7m $18.1m $18.1m 0.36% Unchanged
11 Radcliffe Capital Management, L.P. 0.90% of their portfolio BALA CYNWYD, PA 17,181,00017.2m $16.6m $16.6m 0.90% Reduced -1.3m -1,280,000
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 16,721,00016.7m $16.1m $16.1m 0.00% New
13 Balyasny Asset Management L.P. 0.03% of their portfolio Chicago, IL 15,000,00015.0m $14.5m $14.5m 0.03% New
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,175,00012.2m $11.7m $11.7m 0.00% Added +1.9m +1,950,000
15 OAKTREE CAPITAL MANAGEMENT LP 0.14% of their portfolio LOS ANGELES, CA 9,076,0009.1m $8.8m $8.8m 0.14% Added +5.3m +5,325,000
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 7,000,0007.0m $6.8m $6.8m 0.00% Added +1.8m +1,750,000
17 ADVENT CAPITAL MANAGEMENT /DE/ 0.14% of their portfolio NEW YORK, NY 6,413,0006.4m $6.2m $6.2m 0.14% Unchanged
18 FMR LLC 0.00% of their portfolio BOSTON, MA 5,972,0006.0m $5.8m $5.8m 0.00% Unchanged
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,122,0005.1m $5.0m $5.0m 0.00% Reduced -5.1m -5,122,000
20 AVIVA PLC 0.01% of their portfolio LONDON, X0 4,300,0004.3m $4.1m $4.1m 0.01% Reduced -300.0k -300,000
21 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 3,994,0004.0m $3.9m $3.9m 0.00% Added +1.0m +1,003,000
22 Lombard Odier Asset Management (Europe) Ltd 0.17% of their portfolio LONDON, X0 3,374,0003.4m $3.3m $3.3m 0.17% New
23 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $2.9m $2.9m 0.01% Unchanged
24 ONTARIO TEACHERS PENSION PLAN BOARD 0.05% of their portfolio Toronto, A6 2,500,0002.5m $2.4m $2.4m 0.05% Unchanged
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,210,0002.2m $2.1m $2.1m 0.00% Added +150.0k +150,000
26 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,175,0002.2m $2.1m $2.1m 0.00% Added +1.5m +1,516,000
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,165,0002.2m $2.1m $2.1m 0.00% Reduced -2.1m -2,075,000
28 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
29 CI INVESTMENTS INC. 0.01% of their portfolio TORONTO, Z4 2,000,0002.0m $1.9m $1.9m 0.01% Unchanged
30 Sunstone Asset Management, LP 1.90% of their portfolio New York, NY 2,000,0002.0m $1.9m $1.9m 1.90% First filing
31 Ares Systematic Credit Ltd 1.50% of their portfolio LONDON, X0 1,900,0001.9m $1.8m $1.8m 1.50% First filing
32 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
33 PALISADE CAPITAL MANAGEMENT, LP 0.01% of their portfolio FORT LEE, NJ 486,000486.0k $469.0k $469.0k 0.01% Reduced -31.0k -31,000
34 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 450,000450.0k $434.2k $434.2k 0.00% New
35 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 256,000256.0k $247.0k $247.0k 0.00% Unchanged
36 WASHINGTON CAPITAL MANAGEMENT, INC 0.16% of their portfolio SEATTLE, WA 200,000200.0k $193.0k $193.0k 0.16% Unchanged
37 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 193,000193.0k $186.7k $186.7k 0.00% Unchanged
38 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 75,00075.0k $72.4k $72.4k 0.00% New
39 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 70,00070.0k $67.8k $67.8k 0.00% Unchanged
40 Altrafin AG 2.05% of their portfolio ZURICH, V8 67,00067.0k $6.5m $6.5m 2.05% New
41 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 22,89022.9k $2.2m $2.2m 0.00% Unchanged
42 Alken Asset Management Ltd 0.00% of their portfolio LONDON, X0 300300 $288 $288 0.00% Unchanged