Vault-13

UPSTART HLDGS INC UPST 0.25 08.15.26

NOTE 0.250% 8/1 · US DOMESTIC · CUSIP 91680MAB3

38 institutional holders +4 vs Q2 2023
20,00020.0k shares reported held*
$387.9mreported value*
6 new 9 added 12 reduced 2 sold out net sold ≈ $1.1m (-27.5m 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 ($5.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19678.59.

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 39Q4 22: 36Q1 23: 32Q2 23: 34Q3 23: 3838Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202239
Q4 202236
Q1 202332
Q2 202334
Q3 202338

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 12 bought or addedQ4 22: 18 cut or sold outQ4 22Q1 23: 10 bought or addedQ1 23: 19 cut or sold outQ1 23Q2 23: 11 bought or addedQ2 23: 15 cut or sold outQ2 23Q3 23: 15 bought or addedQ3 23: 14 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221218
Q1 20231019
Q2 20231115
Q3 20231514

Biggest buyers

DeepCurrents Investment Group LLC New +27,130,000+27.1m
Strategic Income Management, LLC New +11,760,000+11.8m
SSI INVESTMENT MANAGEMENT LLC Added +11,218,000+11.2m
Jefferies Financial Group Inc. New +7,639,000+7.6m
140 Summer Partners LP Added +7,500,000+7.5m
KING STREET CAPITAL MANAGEMENT, L.P. New +5,800,000+5.8m
Solel Partners LP Added +5,156,000+5.2m
STATE STREET CORP Added +3,900,000+3.9m
ROYAL BANK OF CANADA Added +3,045,000+3.0m
WHITEBOX ADVISORS LLC Added +2,500,000+2.5m

Biggest sellers

Strategic Income Management, LLC Sold out -25,530,000-25.5m
REDWOOD CAPITAL MANAGEMENT, LLC Reduced -24,750,000-24.8m
683 Capital Management, LLC Reduced -9,500,000-9.5m
LMR Partners LLP Reduced -6,500,000-6.5m
LAZARD ASSET MANAGEMENT LLC Reduced -6,000,000-6.0m
TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -3,250,000-3.2m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -3,000,000-3.0m
OAKTREE CAPITAL MANAGEMENT LP Reduced -2,869,000-2.9m
KING STREET CAPITAL MANAGEMENT, L.P. Sold out -2,000,000-2.0m
CastleKnight Management LP Reduced -1,500,000-1.5m

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.66% of their portfolio New York, NY 96,567,00096.6m $64.2m $64.2m 0.66% Unchanged
2 VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio ATLANTA, GA 85,490,00085.5m $56.9m $56.9m 0.06% Reduced -960.0k -960,000
3 Solel Partners LP 6.97% of their portfolio BOSTON, MA 70,016,00070.0m $46.3m $46.3m 6.97% Added +5.2m +5,156,000
4 140 Summer Partners LP 8.17% of their portfolio New York, NY 63,931,00063.9m $41.9m $41.9m 8.17% Added +7.5m +7,500,000
5 REDWOOD CAPITAL MANAGEMENT, LLC 5.41% of their portfolio New York, NY 43,956,00044.0m $28.8m $28.8m 5.41% Reduced -24.8m -24,750,000
6 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.09% of their portfolio TORONTO, A6 30,000,00030.0m $20.0m $20.0m 0.09% Reduced -3.0m -3,000,000
7 DeepCurrents Investment Group LLC 0.84% of their portfolio NEW YORK, NY 27,130,00027.1m $18.0m $18.0m 0.84% New
8 WHITEBOX ADVISORS LLC 0.68% of their portfolio MINNEAPOLIS, MN 20,861,00020.9m $13.8m $13.8m 0.68% Added +2.5m +2,500,000
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 19,900,00019.9m $13.1m $13.1m 0.00% Added +3.9m +3,900,000
10 SSI INVESTMENT MANAGEMENT LLC 0.82% of their portfolio Los Angeles, CA 15,218,00015.2m $10.1m $10.1m 0.82% Added +11.2m +11,218,000
11 LMR Partners LLP 0.20% of their portfolio LONDON, X0 13,500,00013.5m $9.0m $9.0m 0.20% Reduced -6.5m -6,500,000
12 CAPSTONE INVESTMENT ADVISORS, LLC 0.21% of their portfolio NEW YORK, NY 12,000,00012.0m $8.0m $8.0m 0.21% Unchanged
13 Strategic Income Management, LLC 14.90% of their portfolio SEATTLE, WA 11,760,00011.8m $7.8m $7.8m 14.90% New
14 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 10,000,00010.0m $6.6m $6.6m 0.04% Unchanged
15 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 9,500,0009.5m $6.3m $6.3m 0.01% Reduced -6.0m -6,000,000
16 Jefferies Financial Group Inc. 0.13% of their portfolio NEW YORK, NY 7,639,0007.6m $5.1m $5.1m 0.13% New
17 TENOR CAPITAL MANAGEMENT Co., L.P. 0.10% of their portfolio NEW YORK, NY 6,750,0006.8m $4.5m $4.5m 0.10% Reduced -3.2m -3,250,000
18 OAKTREE CAPITAL MANAGEMENT LP 0.07% of their portfolio LOS ANGELES, CA 6,484,0006.5m $4.3m $4.3m 0.07% Reduced -2.9m -2,869,000
19 KING STREET CAPITAL MANAGEMENT, L.P. 3.73% of their portfolio New York, NY 5,800,0005.8m $3.8m $3.8m 3.73% New
20 BlackRock Inc. 0.00% of their portfolio New York, NY 4,700,0004.7m $3.1m $3.1m 0.00% Added +900.0k +900,000
21 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,320,0004.3m $2.9m $2.9m 0.00% Added +3.0m +3,045,000
22 ADVENT CAPITAL MANAGEMENT /DE/ 0.06% of their portfolio NEW YORK, NY 3,700,0003.7m $2.5m $2.5m 0.06% Added +200.0k +200,000
23 Magnetar Financial LLC 0.05% of their portfolio EVANSTON, IL 3,000,0003.0m $2.0m $2.0m 0.05% Unchanged
24 BARINGS LLC 0.04% of their portfolio CHARLOTTE, NC 2,000,0002.0m $1.3m $1.3m 0.04% Unchanged
25 683 Capital Management, LLC 0.11% of their portfolio NEW YORK, NY 1,600,0001.6m $1.1m $1.1m 0.11% Reduced -9.5m -9,500,000
26 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,516,0001.5m $1.0m $1.0m 0.00% Reduced -687.0k -687,000
27 CastleKnight Management LP 0.17% of their portfolio New York, NY 1,500,0001.5m $994.4k $994.4k 0.17% Reduced -1.5m -1,500,000
28 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 508,000508.0k $335.6k $335.6k 0.00% Reduced -760.0k -760,000
29 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 449,000449.0k $294.7k $294.7k 0.00% Reduced -1.3m -1,306,000
30 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 250,000250.0k $164.1k $164.1k 0.00% Unchanged
31 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 217,000217.0k $143.4k $143.4k 0.00% New
32 AlphaQ Advisors LLC 0.01% of their portfolio Winter Park, FL 20,00020.0k $13.1k $13.1k 0.01% New
33 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 15,00015.0k $9.9k $9.9k 0.00% Unchanged
34 Verition Fund Management LLC 0.11% of their portfolio GREENWICH, CT 12,44812.4k $8.3m $8.3m 0.11% Added +8.5k +8,548
35 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 10,00010.0k $7.0k $7.0k 0.00% Unchanged
36 Sheaff Brock Investment Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 10,00010.0k $6.6k $6.6k 0.00% Unchanged
37 Context Capital Management, LLC 0.11% of their portfolio LAJOLLA, CA 2,0002.0k $1.3m $1.3m 0.11% Unchanged
38 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged