Vault-13

UPSTART HLDGS INC UPST 0.25 08.15.26

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

29 institutional holders -5 vs Q2 2024
656,000656.0k shares reported held*
$252.5mreported value*
9 new 3 added 7 reduced 14 sold out net sold ≈ $237.5m (-2.8m 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 ($5.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $393.90.

Trends to Q3 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: 34Q3 24: 2929Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 202239
Q4 202236
Q1 202332
Q2 202334
Q3 202338
Q4 202337
Q1 202434
Q2 202434
Q3 202429

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 12 bought or addedQ4 22: 18 cut or sold outQ1 23: 10 bought or addedQ1 23: 19 cut or sold outQ1 23Q2 23: 11 bought or addedQ2 23: 15 cut or sold outQ3 23: 15 bought or addedQ3 23: 14 cut or sold outQ3 23Q4 23: 14 bought or addedQ4 23: 15 cut or sold outQ1 24: 11 bought or addedQ1 24: 14 cut or sold outQ1 24Q2 24: 16 bought or addedQ2 24: 8 cut or sold outQ3 24: 12 bought or addedQ3 24: 21 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221218
Q1 20231019
Q2 20231115
Q3 20231514
Q4 20231415
Q1 20241114
Q2 2024168
Q3 20241221

Biggest buyers

BANK OF MONTREAL /CAN/ New +23,625,000+23.6m
Balyasny Asset Management L.P. New +17,000,000+17.0m
DSC Meridian Capital LP New +15,900,000+15.9m
Jefferies Financial Group Inc. Added +11,933,000+11.9m
DeepCurrents Investment Group LLC Added +5,900,000+5.9m
OAKTREE CAPITAL MANAGEMENT LP New +5,784,000+5.8m
JPMORGAN CHASE & CO Added +3,576,000+3.6m
SMH CAPITAL ADVISORS INC New +2,755,000+2.8m
Russell Investments Group, Ltd. New +2,716,000+2.7m
GOLDMAN SACHS GROUP INC New +1,000,000+1.0m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Sold out -85,490,000-85.5m
REDWOOD CAPITAL MANAGEMENT, LLC Sold out -76,456,000-76.5m
140 Summer Partners LP Sold out -68,931,000-68.9m
WHITEBOX ADVISORS LLC Reduced -24,500,000-24.5m
MOORE CAPITAL MANAGEMENT, LP Sold out -22,500,000-22.5m
Linden Advisors LP Reduced -21,322,000-21.3m
SSI INVESTMENT MANAGEMENT LLC Sold out -14,690,000-14.7m
Calamos Advisors LLC Sold out -10,000,000-10.0m
CAPSTONE INVESTMENT ADVISORS, LLC Sold out -8,500,000-8.5m
LMR Partners LLP Sold out -6,750,000-6.8m

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.45% of their portfolio New York, NY 60,563,00060.6m $54.0m $54.0m 0.45% Reduced -21.3m -21,322,000
2 DeepCurrents Investment Group LLC 0.74% of their portfolio NEW YORK, NY 25,930,00025.9m $23.1m $23.1m 0.74% Added +5.9m +5,900,000
3 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 23,625,00023.6m $20.7m $20.7m 0.01% New
4 KING STREET CAPITAL MANAGEMENT, L.P. 12.06% of their portfolio New York, NY 19,800,00019.8m $17.5m $17.5m 12.06% Unchanged
5 Jefferies Financial Group Inc. 0.28% of their portfolio NEW YORK, NY 19,161,00019.2m $17.1m $17.1m 0.28% Added +11.9m +11,933,000
6 Balyasny Asset Management L.P. 0.04% of their portfolio Chicago, IL 17,000,00017.0m $15.1m $15.1m 0.04% New
7 DSC Meridian Capital LP 10.36% of their portfolio NEW YORK, NY 15,900,00015.9m $14.2m $14.2m 10.36% New
8 BARINGS LLC 0.21% of their portfolio CHARLOTTE, NC 10,000,00010.0m $8.8m $8.8m 0.21% Unchanged
9 WHITEBOX ADVISORS LLC 0.30% of their portfolio MINNEAPOLIS, MN 7,861,0007.9m $7.0m $7.0m 0.30% Reduced -24.5m -24,500,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,800,0007.8m $6.9m $6.9m 0.00% Reduced -5.4m -5,400,000
11 Verition Fund Management LLC 0.04% of their portfolio GREENWICH, CT 6,372,0006.4m $5.7m $5.7m 0.04% Reduced -3.8m -3,834,000
12 OAKTREE CAPITAL MANAGEMENT LP 0.09% of their portfolio LOS ANGELES, CA 5,784,0005.8m $5.1m $5.1m 0.09% New
13 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,250,0005.2m $4.6m $4.6m 0.00% First filing
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,076,0005.1m $4.5m $4.5m 0.00% Added +3.6m +3,576,000
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,320,0004.3m $3.8m $3.8m 0.00% Unchanged
16 SMH CAPITAL ADVISORS INC 7.53% of their portfolio FORT WORTH, TX 2,755,0002.8m $2.4m $2.4m 7.53% New
17 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2,716,0002.7m $2.4m $2.4m 0.00% New
18 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $885.0k $885.0k 0.00% New
19 Catalyst Capital Advisors LLC 0.01% of their portfolio San Juan, PR 584,000584.0k $519.8k $519.8k 0.01% Unchanged
20 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 500,000500.0k $442.5k $442.5k 0.00% Unchanged
21 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 250,000250.0k $220.5k $220.5k 0.00% Unchanged
22 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 49,00049.0k $43.4k $43.4k 0.00% Reduced -3.0k -3,000
23 Context Capital Management, LLC 0.93% of their portfolio LAJOLLA, CA 38,55838.6k $34.3m $34.3m 0.93% Reduced -17.2k -17,194
24 IFG Advisory, LLC 0.00% of their portfolio ATLANTA, GA 20,00020.0k $17.6k $17.6k 0.00% Unchanged
25 AlphaQ Advisors LLC 0.05% of their portfolio Winter Park, FL 20,00020.0k $17.6k $17.6k 0.05% New
26 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 13,00013.0k $11.5k $11.5k 0.00% Reduced -3.0k -3,000
27 K2 PRINCIPAL FUND, L.P. 1.48% of their portfolio TORONTO, A6 10,00010.0k $8.9m $8.9m 1.48% New
28 Sheaff Brock Investment Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 10,00010.0k $8.8k $8.8k 0.00% Unchanged
29 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged