Vault-13

UPSTART HLDGS INC UPST 0.25 08.15.26

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

34 institutional holders +0 vs Q1 2024
3,420,0003.4m shares reported held*
$443.3mreported value*
6 new 10 added 2 reduced 6 sold out net sold ≈ $13.2m (+2.7m 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 ($5.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $131.09.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 39Q4 22: 36Q1 23: 32Q2 23: 34Q3 23: 38Q4 23: 37Q1 24: 34Q2 24: 3434Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202239
Q4 202236
Q1 202332
Q2 202334
Q3 202338
Q4 202337
Q1 202434
Q2 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 outQ2 23: 11 bought or addedQ2 23: 15 cut or sold outQ2 23Q3 23: 15 bought or addedQ3 23: 14 cut or sold outQ4 23: 14 bought or addedQ4 23: 15 cut or sold outQ4 23Q1 24: 11 bought or addedQ1 24: 14 cut or sold outQ2 24: 16 bought or addedQ2 24: 8 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221218
Q1 20231019
Q2 20231115
Q3 20231514
Q4 20231415
Q1 20241114
Q2 2024168

Biggest buyers

KING STREET CAPITAL MANAGEMENT, L.P. Added +5,000,000+5.0m
140 Summer Partners LP Added +5,000,000+5.0m
ADVENT CAPITAL MANAGEMENT /DE/ New +5,000,000+5.0m
SMH CAPITAL ADVISORS INC New +2,758,000+2.8m
WHITEBOX ADVISORS LLC Added +2,500,000+2.5m
Jump Financial, LLC New +1,750,000+1.8m
SSI INVESTMENT MANAGEMENT LLC Added +1,454,000+1.5m
JPMORGAN CHASE & CO Added +600,000+600.0k
Jefferies Financial Group Inc. Added +560,000+560.0k
CITIGROUP INC New +500,000+500.0k

Biggest sellers

Solel Partners LP Sold out -32,516,000-32.5m
OAKTREE CAPITAL MANAGEMENT LP Sold out -3,867,000-3.9m
SMH CAPITAL ADVISORS INC Sold out -2,407,000-2.4m
Russell Investments Group, Ltd. Sold out -1,633,000-1.6m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -1,500,000-1.5m
JANE STREET GROUP, LLC Sold out -275,000-275.0k
FIRST HAWAIIAN BANK Reduced -28,000-28.0k
COMMONWEALTH EQUITY SERVICES, LLC Sold out -10,000-10.0k

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.07% of their portfolio ATLANTA, GA 85,490,00085.5m $68.1m $68.1m 0.07% Unchanged
2 Linden Advisors LP 0.54% of their portfolio New York, NY 81,885,00081.9m $65.1m $65.1m 0.54% Unchanged
3 REDWOOD CAPITAL MANAGEMENT, LLC 9.15% of their portfolio New York, NY 76,456,00076.5m $59.5m $59.5m 9.15% Unchanged
4 140 Summer Partners LP 6.50% of their portfolio New York, NY 68,931,00068.9m $53.7m $53.7m 6.50% Added +5.0m +5,000,000
5 WHITEBOX ADVISORS LLC 1.03% of their portfolio MINNEAPOLIS, MN 32,361,00032.4m $25.6m $25.6m 1.03% Added +2.5m +2,500,000
6 MOORE CAPITAL MANAGEMENT, LP 0.39% of their portfolio NEW YORK, NY 22,500,00022.5m $17.9m $17.9m 0.39% Unchanged
7 DeepCurrents Investment Group LLC 0.64% of their portfolio NEW YORK, NY 20,030,00020.0m $15.9m $15.9m 0.64% Unchanged
8 KING STREET CAPITAL MANAGEMENT, L.P. 19.63% of their portfolio New York, NY 19,800,00019.8m $15.6m $15.6m 19.63% Added +5.0m +5,000,000
9 SSI INVESTMENT MANAGEMENT LLC 0.89% of their portfolio Los Angeles, CA 14,690,00014.7m $11.6m $11.6m 0.89% Added +1.5m +1,454,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 13,200,00013.2m $10.4m $10.4m 0.00% Unchanged
11 Verition Fund Management LLC 0.06% of their portfolio GREENWICH, CT 10,206,00010.2m $8.1m $8.1m 0.06% Unchanged
12 BARINGS LLC 0.19% of their portfolio CHARLOTTE, NC 10,000,00010.0m $7.9m $7.9m 0.19% Unchanged
13 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 10,000,00010.0m $7.9m $7.9m 0.04% Unchanged
14 CAPSTONE INVESTMENT ADVISORS, LLC 0.15% of their portfolio NEW YORK, NY 8,500,0008.5m $6.8m $6.8m 0.15% Reduced -1.5m -1,500,000
15 Jefferies Financial Group Inc. 0.11% of their portfolio NEW YORK, NY 7,228,0007.2m $5.7m $5.7m 0.11% Added +560.0k +560,000
16 LMR Partners LLP 0.11% of their portfolio LONDON, X0 6,750,0006.8m $5.3m $5.3m 0.11% Unchanged
17 BlackRock Inc. 0.00% of their portfolio New York, NY 5,800,0005.8m $4.6m $4.6m 0.00% Added +275.0k +275,000
18 ADVENT CAPITAL MANAGEMENT /DE/ 0.10% of their portfolio NEW YORK, NY 5,000,0005.0m $4.0m $4.0m 0.10% New
19 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,320,0004.3m $3.4m $3.4m 0.00% Unchanged
20 SMH CAPITAL ADVISORS INC 6.68% of their portfolio FORT WORTH, TX 2,758,0002.8m $2.2m $2.2m 6.68% New
21 Jump Financial, LLC 0.03% of their portfolio Chicago, IL 1,750,0001.8m $1.4m $1.4m 0.03% New
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,500,0001.5m $1.2m $1.2m 0.00% Added +600.0k +600,000
23 Catalyst Capital Advisors LLC 0.01% of their portfolio San Juan, PR 584,000584.0k $465.2k $465.2k 0.01% Added +174.0k +174,000
24 Central Pacific Bank - Trust Division 0.05% of their portfolio HONOLULU, HI 543,000543.0k $429.9k $429.9k 0.05% Unchanged
25 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 500,000500.0k $395.8k $395.8k 0.00% New
26 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 250,000250.0k $198.1k $198.1k 0.00% Unchanged
27 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 154,000154.0k $121.9k $121.9k 0.00% Reduced -28.0k -28,000
28 Context Capital Management, LLC 1.60% of their portfolio LAJOLLA, CA 55,75255.8k $44.4m $44.4m 1.60% Added +2.8k +2,753
29 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 52,00052.0k $41.2k $41.2k 0.00% Added +3.0k +3,000
30 IFG Advisory, LLC 0.00% of their portfolio ATLANTA, GA 20,00020.0k $15.8k $15.8k 0.00% New
31 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 16,00016.0k $12.7k $12.7k 0.00% New
32 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 15,00015.0k $11.8k $11.8k 0.00% Unchanged
33 Sheaff Brock Investment Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 10,00010.0k $7.9k $7.9k 0.00% Unchanged
34 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged