Vault-13

UPSTART HLDGS INC UPST 0.25 08.15.26

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

34 institutional holders -3 vs Q4 2023
754,000754.0k shares reported held*
$449.1mreported value*
2 new 9 added 8 reduced 6 sold out net sold ≈ $20.4m (-815.0k 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 ($5.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $602.24.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 39Q4 22: 36Q1 23: 32Q2 23: 34Q3 23: 38Q4 23: 37Q1 24: 3434Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202239
Q4 202236
Q1 202332
Q2 202334
Q3 202338
Q4 202337
Q1 202434

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 23Q1 24: 11 bought or addedQ1 24: 14 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221218
Q1 20231019
Q2 20231115
Q3 20231514
Q4 20231415
Q1 20241114

Biggest buyers

Linden Advisors LP Added +18,818,000+18.8m
Verition Fund Management LLC Added +10,193,869+10.2m
KING STREET CAPITAL MANAGEMENT, L.P. Added +6,000,000+6.0m
REDWOOD CAPITAL MANAGEMENT, LLC Added +3,500,000+3.5m
SMH CAPITAL ADVISORS INC Added +2,277,000+2.3m
MOORE CAPITAL MANAGEMENT, LP Added +1,750,000+1.8m
BlackRock Inc. Added +825,000+825.0k
Jefferies Financial Group Inc. Added +651,000+651.0k
STATE STREET CORP Added +600,000+600.0k
Catalyst Capital Advisors LLC New +410,000+410.0k

Biggest sellers

Solel Partners LP Reduced -21,000,000-21.0m
Context Capital Management, LLC Reduced -18,077,001-18.1m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Sold out -15,000,000-15.0m
TENOR CAPITAL MANAGEMENT Co., L.P. Sold out -6,750,000-6.8m
OAKTREE CAPITAL MANAGEMENT LP Reduced -6,405,000-6.4m
DeepCurrents Investment Group LLC Reduced -6,100,000-6.1m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -2,000,000-2.0m
CastleKnight Management LP Sold out -1,500,000-1.5m
JPMORGAN CHASE & CO Reduced -1,148,000-1.1m
CITIGROUP INC Sold out -577,000-577.0k

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.07% of their portfolio ATLANTA, GA 85,490,00085.5m $67.2m $67.2m 0.07% Unchanged
2 Linden Advisors LP 0.51% of their portfolio New York, NY 81,885,00081.9m $63.8m $63.8m 0.51% Added +18.8m +18,818,000
3 REDWOOD CAPITAL MANAGEMENT, LLC 8.41% of their portfolio New York, NY 76,456,00076.5m $59.7m $59.7m 8.41% Added +3.5m +3,500,000
4 140 Summer Partners LP 6.22% of their portfolio New York, NY 63,931,00063.9m $49.9m $49.9m 6.22% Unchanged
5 Solel Partners LP 4.20% of their portfolio BOSTON, MA 32,516,00032.5m $25.4m $25.4m 4.20% Reduced -21.0m -21,000,000
6 WHITEBOX ADVISORS LLC 0.89% of their portfolio MINNEAPOLIS, MN 29,861,00029.9m $23.3m $23.3m 0.89% Unchanged
7 MOORE CAPITAL MANAGEMENT, LP 0.36% of their portfolio NEW YORK, NY 22,500,00022.5m $17.6m $17.6m 0.36% Added +1.8m +1,750,000
8 DeepCurrents Investment Group LLC 0.65% of their portfolio NEW YORK, NY 20,030,00020.0m $15.7m $15.7m 0.65% Reduced -6.1m -6,100,000
9 KING STREET CAPITAL MANAGEMENT, L.P. 16.11% of their portfolio New York, NY 14,800,00014.8m $11.5m $11.5m 16.11% Added +6.0m +6,000,000
10 SSI INVESTMENT MANAGEMENT LLC 0.78% of their portfolio Los Angeles, CA 13,236,00013.2m $10.3m $10.3m 0.78% Reduced -357.0k -357,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 13,200,00013.2m $10.3m $10.3m 0.00% Added +600.0k +600,000
12 Verition Fund Management LLC 0.08% of their portfolio GREENWICH, CT 10,206,00010.2m $8.0m $8.0m 0.08% Added +10.2m +10,193,869
13 BARINGS LLC 0.20% of their portfolio CHARLOTTE, NC 10,000,00010.0m $7.8m $7.8m 0.20% Unchanged
14 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 10,000,00010.0m $7.8m $7.8m 0.04% Unchanged
15 CAPSTONE INVESTMENT ADVISORS, LLC 0.15% of their portfolio NEW YORK, NY 10,000,00010.0m $7.9m $7.9m 0.15% Reduced -2.0m -2,000,000
16 LMR Partners LLP 0.13% of their portfolio LONDON, X0 6,750,0006.8m $5.3m $5.3m 0.13% Unchanged
17 Jefferies Financial Group Inc. 0.11% of their portfolio NEW YORK, NY 6,668,0006.7m $5.2m $5.2m 0.11% Added +651.0k +651,000
18 BlackRock Inc. 0.00% of their portfolio New York, NY 5,525,0005.5m $4.3m $4.3m 0.00% Added +825.0k +825,000
19 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,320,0004.3m $3.4m $3.4m 0.00% Unchanged
20 OAKTREE CAPITAL MANAGEMENT LP 0.05% of their portfolio LOS ANGELES, CA 3,867,0003.9m $3.0m $3.0m 0.05% Reduced -6.4m -6,405,000
21 SMH CAPITAL ADVISORS INC 5.06% of their portfolio FORT WORTH, TX 2,407,0002.4m $1.9m $1.9m 5.06% Added +2.3m +2,277,000
22 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,633,0001.6m $1.3m $1.3m 0.00% Reduced -374.0k -374,000
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 900,000900.0k $701.0k $701.0k 0.00% Reduced -1.1m -1,148,000
24 Central Pacific Bank - Trust Division 0.05% of their portfolio HONOLULU, HI 543,000543.0k $423.4k $423.4k 0.05% First filing
25 Catalyst Capital Advisors LLC 0.01% of their portfolio San Juan, PR 410,000410.0k $322.1k $322.1k 0.01% New
26 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 275,000275.0k $215.0k $215.0k 0.00% New
27 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 250,000250.0k $194.7k $194.7k 0.00% Unchanged
28 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 182,000182.0k $142.1k $142.1k 0.00% Unchanged
29 Context Capital Management, LLC 1.98% of their portfolio LAJOLLA, CA 52,99953.0k $41.5m $41.5m 1.98% Reduced -18.1m -18,077,001
30 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 49,00049.0k $38.2k $38.2k 0.00% Unchanged
31 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 15,00015.0k $11.6k $11.6k 0.00% Unchanged
32 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 10,00010.0k $8.0k $8.0k 0.00% Unchanged
33 Sheaff Brock Investment Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 10,00010.0k $7.8k $7.8k 0.00% Unchanged
34 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged