Vault-13

UPSTART HLDGS INC UPST 0.25 08.15.26

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

37 institutional holders -1 vs Q3 2023
1,569,0001.6m shares reported held*
$416.0mreported value*
5 new 9 added 10 reduced 5 sold out net sold ≈ $6.7m (+1.5m 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 ($6.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $269.04.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 39Q4 22: 36Q1 23: 32Q2 23: 34Q3 23: 38Q4 23: 3737Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202239
Q4 202236
Q1 202332
Q2 202334
Q3 202338
Q4 202337

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 23Q4 23: 14 bought or addedQ4 23: 15 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221218
Q1 20231019
Q2 20231115
Q3 20231514
Q4 20231415

Biggest buyers

REDWOOD CAPITAL MANAGEMENT, LLC Added +29,000,000+29.0m
MOORE CAPITAL MANAGEMENT, LP New +20,750,000+20.8m
Context Capital Management, LLC Added +18,128,000+18.1m
WHITEBOX ADVISORS LLC Added +9,000,000+9.0m
BARINGS LLC Added +8,000,000+8.0m
OAKTREE CAPITAL MANAGEMENT LP Added +3,788,000+3.8m
KING STREET CAPITAL MANAGEMENT, L.P. Added +3,000,000+3.0m
JPMORGAN CHASE & CO Added +1,599,000+1.6m
CastleKnight Management LP New +1,500,000+1.5m
Russell Investments Group, Ltd. Added +491,000+491.0k

Biggest sellers

Linden Advisors LP Reduced -33,500,000-33.5m
Solel Partners LP Reduced -16,500,000-16.5m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -15,000,000-15.0m
LAZARD ASSET MANAGEMENT LLC Sold out -9,500,000-9.5m
STATE STREET CORP Reduced -7,300,000-7.3m
LMR Partners LLP Reduced -6,750,000-6.8m
ADVENT CAPITAL MANAGEMENT /DE/ Sold out -3,700,000-3.7m
Magnetar Financial LLC Sold out -3,000,000-3.0m
SSI INVESTMENT MANAGEMENT LLC Reduced -1,625,000-1.6m
Jefferies Financial Group Inc. Reduced -1,622,000-1.6m

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio ATLANTA, GA 85,490,00085.5m $62.9m $62.9m 0.06% Unchanged
2 REDWOOD CAPITAL MANAGEMENT, LLC 9.73% of their portfolio New York, NY 72,956,00073.0m $53.7m $53.7m 9.73% Added +29.0m +29,000,000
3 140 Summer Partners LP 8.11% of their portfolio New York, NY 63,931,00063.9m $47.1m $47.1m 8.11% Unchanged
4 Linden Advisors LP 0.44% of their portfolio New York, NY 63,067,00063.1m $46.4m $46.4m 0.44% Reduced -33.5m -33,500,000
5 Solel Partners LP 5.55% of their portfolio BOSTON, MA 53,516,00053.5m $39.1m $39.1m 5.55% Reduced -16.5m -16,500,000
6 WHITEBOX ADVISORS LLC 0.97% of their portfolio MINNEAPOLIS, MN 29,861,00029.9m $21.8m $21.8m 0.97% Added +9.0m +9,000,000
7 DeepCurrents Investment Group LLC 0.75% of their portfolio NEW YORK, NY 26,130,00026.1m $19.5m $19.5m 0.75% Reduced -1.0m -1,000,000
8 MOORE CAPITAL MANAGEMENT, LP 0.37% of their portfolio NEW YORK, NY 20,750,00020.8m $15.2m $15.2m 0.37% New
9 Context Capital Management, LLC 0.90% of their portfolio LAJOLLA, CA 18,130,00018.1m $13.3m $13.3m 0.90% Added +18.1m +18,128,000
10 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio TORONTO, A6 15,000,00015.0m $11.0m $11.0m 0.04% Reduced -15.0m -15,000,000
11 SSI INVESTMENT MANAGEMENT LLC 0.75% of their portfolio Los Angeles, CA 13,593,00013.6m $9.9m $9.9m 0.75% Reduced -1.6m -1,625,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,600,00012.6m $9.3m $9.3m 0.00% Reduced -7.3m -7,300,000
13 CAPSTONE INVESTMENT ADVISORS, LLC 0.15% of their portfolio NEW YORK, NY 12,000,00012.0m $8.8m $8.8m 0.15% Unchanged
14 OAKTREE CAPITAL MANAGEMENT LP 0.12% of their portfolio LOS ANGELES, CA 10,272,00010.3m $7.6m $7.6m 0.12% Added +3.8m +3,788,000
15 BARINGS LLC 0.24% of their portfolio CHARLOTTE, NC 10,000,00010.0m $7.4m $7.4m 0.24% Added +8.0m +8,000,000
16 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 10,000,00010.0m $7.4m $7.4m 0.04% Unchanged
17 KING STREET CAPITAL MANAGEMENT, L.P. 9.57% of their portfolio New York, NY 8,800,0008.8m $6.4m $6.4m 9.57% Added +3.0m +3,000,000
18 TENOR CAPITAL MANAGEMENT Co., L.P. 0.09% of their portfolio NEW YORK, NY 6,750,0006.8m $5.0m $5.0m 0.09% Unchanged
19 LMR Partners LLP 0.13% of their portfolio LONDON, X0 6,750,0006.8m $5.0m $5.0m 0.13% Reduced -6.8m -6,750,000
20 Jefferies Financial Group Inc. 0.07% of their portfolio NEW YORK, NY 6,017,0006.0m $4.4m $4.4m 0.07% Reduced -1.6m -1,622,000
21 BlackRock Inc. 0.00% of their portfolio New York, NY 4,700,0004.7m $3.4m $3.4m 0.00% Unchanged
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,320,0004.3m $3.2m $3.2m 0.00% Unchanged
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,048,0002.0m $1.5m $1.5m 0.00% Added +1.6m +1,599,000
24 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2,007,0002.0m $1.5m $1.5m 0.00% Added +491.0k +491,000
25 CastleKnight Management LP 0.18% of their portfolio New York, NY 1,500,0001.5m $1.1m $1.1m 0.18% New
26 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 577,000577.0k $422.0k $422.0k 0.00% Added +69.0k +69,000
27 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 250,000250.0k $184.0k $184.0k 0.00% Unchanged
28 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 182,000182.0k $133.1k $133.1k 0.00% Reduced -35.0k -35,000
29 SMH CAPITAL ADVISORS INC 0.21% of their portfolio FORT WORTH, TX 130,000130.0k $95.1k $95.1k 0.21% New
30 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 49,00049.0k $35.8k $35.8k 0.00% New
31 AlphaQ Advisors LLC 0.01% of their portfolio Winter Park, FL 20,00020.0k $14.5k $14.5k 0.01% Unchanged
32 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 15,00015.0k $10.9k $10.9k 0.00% Unchanged
33 Verition Fund Management LLC 0.09% of their portfolio GREENWICH, CT 12,13112.1k $8.9m $8.9m 0.09% Reduced -317 -317
34 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 10,00010.0k $7.0k $7.0k 0.00% Unchanged
35 Sheaff Brock Investment Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 10,00010.0k $7.3k $7.3k 0.00% Unchanged
36 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4949 $35.8k $35.8k 0.00% New
37 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged