Vault-13

UPSTART HLDGS INC UPST 0.25 08.15.26

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

22 institutional holders -7 vs Q3 2024
20,00020.0k shares reported held*
$223.4mreported value*
2 new 5 added 6 reduced 9 sold out net sold ≈ $42.9m (-636.0k 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 ($315.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11187.01.

Trends to Q4 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: 29Q4 24: 2222Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202239
Q4 202236
Q1 202332
Q2 202334
Q3 202338
Q4 202337
Q1 202434
Q2 202434
Q3 202429
Q4 202422

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 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 24Q3 24: 12 bought or addedQ3 24: 21 cut or sold outQ4 24: 7 bought or addedQ4 24: 15 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20231019
Q2 20231115
Q3 20231514
Q4 20231415
Q1 20241114
Q2 2024168
Q3 20241221
Q4 2024715

Biggest buyers

OAKTREE CAPITAL MANAGEMENT LP Added +3,718,000+3.7m
CITIGROUP INC Added +3,700,000+3.7m
BANK OF AMERICA CORP /DE/ New +2,000,000+2.0m
Russell Investments Group, Ltd. Added +1,582,000+1.6m
DeepCurrents Investment Group LLC Added +35,000+35.0k
IFG Advisory, LLC New +20,000+20.0k
Context Capital Management, LLC Added +2,500+2.5k

Biggest sellers

Balyasny Asset Management L.P. Sold out -17,000,000-17.0m
BANK OF MONTREAL /CAN/ Reduced -13,825,000-13.8m
KING STREET CAPITAL MANAGEMENT, L.P. Reduced -9,800,000-9.8m
Verition Fund Management LLC Sold out -6,372,000-6.4m
SMH CAPITAL ADVISORS INC Sold out -2,755,000-2.8m
JPMORGAN CHASE & CO Reduced -2,627,000-2.6m
BlackRock, Inc. Reduced -2,300,000-2.3m
STATE STREET CORP Reduced -2,000,000-2.0m
Jefferies Financial Group Inc. Reduced -957,000-957.0k
Catalyst Capital Advisors LLC Sold out -584,000-584.0k

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.46% of their portfolio New York, NY 60,563,00060.6m $55.3m $55.3m 0.46% Unchanged
2 DeepCurrents Investment Group LLC 0.78% of their portfolio NEW YORK, NY 25,965,00026.0m $23.4m $23.4m 0.78% Added +35.0k +35,000
3 Jefferies Financial Group Inc. 0.19% of their portfolio NEW YORK, NY 18,204,00018.2m $16.7m $16.7m 0.19% Reduced -957.0k -957,000
4 DSC Meridian Capital LP 9.61% of their portfolio NEW YORK, NY 15,900,00015.9m $14.5m $14.5m 9.61% Unchanged
5 BARINGS LLC 0.21% of their portfolio CHARLOTTE, NC 10,000,00010.0m $9.0m $9.0m 0.21% Unchanged
6 KING STREET CAPITAL MANAGEMENT, L.P. 1.56% of their portfolio New York, NY 10,000,00010.0m $9.0m $9.0m 1.56% Reduced -9.8m -9,800,000
7 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 9,800,0009.8m $8.9m $8.9m 0.00% Reduced -13.8m -13,825,000
8 OAKTREE CAPITAL MANAGEMENT LP 0.16% of their portfolio LOS ANGELES, CA 9,502,0009.5m $8.6m $8.6m 0.16% Added +3.7m +3,718,000
9 WHITEBOX ADVISORS LLC 0.26% of their portfolio MINNEAPOLIS, MN 7,861,0007.9m $7.1m $7.1m 0.26% Unchanged
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 5,800,0005.8m $5.3m $5.3m 0.00% Reduced -2.0m -2,000,000
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,320,0004.3m $3.9m $3.9m 0.00% Unchanged
12 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 4,298,0004.3m $3.9m $3.9m 0.01% Added +1.6m +1,582,000
13 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,200,0004.2m $3.8m $3.8m 0.00% Added +3.7m +3,700,000
14 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,950,0003.0m $2.7m $2.7m 0.00% Reduced -2.3m -2,300,000
15 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,449,0002.4m $2.2m $2.2m 0.00% Reduced -2.6m -2,627,000
16 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,000,0002.0m $1.8m $1.8m 0.00% New
17 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $904.4k $904.4k 0.00% Unchanged
18 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 250,000250.0k $227.9k $227.9k 0.00% Unchanged
19 Context Capital Management, LLC 1.46% of their portfolio LAJOLLA, CA 41,05841.1k $37.3m $37.3m 1.46% Added +2.5k +2,500
20 IFG Advisory, LLC 0.00% of their portfolio ATLANTA, GA 20,00020.0k $18.0k $18.0k 0.00% New
21 K2 PRINCIPAL FUND, L.P. 1.34% of their portfolio TORONTO, A6 10,00010.0k $9.1m $9.1m 1.34% Unchanged
22 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged