Vault-13

WAYFAIR INC W 0.625 10.01.25

NOTE 0.625%10/0 · US DOMESTIC · CUSIP 94419LAM3

36 institutional holders -6 vs Q1 2024
5,148,0005.1m shares reported held*
$705.2mreported value*
1 new 7 added 12 reduced 7 sold out net sold ≈ $23.8m (-555.0k 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 ($1.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $137.30. Options: 0 managers hold calls (— notional), 1 hold puts ($5.2m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 60Q4 22: 59Q1 23: 62Q2 23: 49Q3 23: 44Q4 23: 42Q1 24: 42Q2 24: 3636Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202260
Q4 202259
Q1 202362
Q2 202349
Q3 202344
Q4 202342
Q1 202442
Q2 202436

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 20 bought or addedQ4 22: 22 cut or sold outQ4 22Q1 23: 30 bought or addedQ1 23: 27 cut or sold outQ2 23: 11 bought or addedQ2 23: 33 cut or sold outQ2 23Q3 23: 15 bought or addedQ3 23: 17 cut or sold outQ4 23: 14 bought or addedQ4 23: 17 cut or sold outQ4 23Q1 24: 16 bought or addedQ1 24: 15 cut or sold outQ2 24: 8 bought or addedQ2 24: 19 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222022
Q1 20233027
Q2 20231133
Q3 20231517
Q4 20231417
Q1 20241615
Q2 2024819

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2m$4m$6mQ3 23 calls: $0Q3 23 puts: $0Q3 23P/C —Q4 23 calls: $0Q4 23 puts: $0Q4 23P/C —Q1 24 calls: $0Q1 24 puts: $0Q1 24P/C —Q2 24 calls: $0Q2 24 puts: $5.2mQ2 24P/C —
Numbers
QuarterCallsPutsP/C
Q3 2023$0$0—
Q4 2023$0$0—
Q1 2024$0$0—
Q2 2024$0$5.2m—

Biggest buyers

Linden Advisors LP Added +51,500,000+51.5m
MILLENNIUM MANAGEMENT LLC Added +25,667,000+25.7m
LAZARD ASSET MANAGEMENT LLC Added +24,627,000+24.6m
D. E. Shaw & Co., Inc. Added +2,500,000+2.5m
BlackRock Inc. Added +400,000+400.0k
WELLS FARGO & COMPANY/MN New +227,000+227.0k
Context Capital Management, LLC Added +9,663+9.7k
BARCLAYS PLC Added +2,000+2.0k

Biggest sellers

SONA ASSET MANAGEMENT (US) LLC Reduced -23,488,000-23.5m
Nuveen Asset Management, LLC Sold out -22,000,000-22.0m
FMR LLC Reduced -19,000,000-19.0m
MARSHALL WACE, LLP Reduced -15,000,000-15.0m
Sixth Street Partners Management Company, L.P. Sold out -10,000,000-10.0m
JPMORGAN CHASE & CO Reduced -7,912,000-7.9m
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Sold out -5,480,000-5.5m
BANK OF MONTREAL /CAN/ Sold out -5,200,000-5.2m
Atalan Capital Partners, LP Sold out -5,000,000-5.0m
Jefferies Financial Group Inc. Reduced -4,295,000-4.3m

Biggest calls

None

Biggest puts

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. New $5.2m5.6m shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.15% of their portfolio ATLANTA, GA 164,845,000164.8m $153.7m $153.7m 0.15% Unchanged
2 First Pacific Advisors, LP 1.32% of their portfolio EL SEGUNDO, CA 104,978,000105.0m $97.6m $97.6m 1.32% Unchanged
3 CITADEL ADVISORS LLC 0.09% of their portfolio MIAMI, FL 95,482,00095.5m $89.3m $89.3m 0.09% Reduced -2.5m -2,500,000
4 Linden Advisors LP 0.41% of their portfolio New York, NY 52,335,00052.3m $48.9m $48.9m 0.41% Added +51.5m +51,500,000
5 D. E. Shaw & Co., Inc. 0.06% of their portfolio New York, NY 43,140,00043.1m $40.4m $40.4m 0.06% Added +2.5m +2,500,000
6 LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 40,368,00040.4m $37.6m $37.6m 0.05% Added +24.6m +24,627,000
7 FMR LLC 0.00% of their portfolio BOSTON, MA 38,515,00038.5m $35.8m $35.8m 0.00% Reduced -19.0m -19,000,000
8 SONA ASSET MANAGEMENT (US) LLC 2.62% of their portfolio NEW YORK, NY 34,444,00034.4m $32.2m $32.2m 2.62% Reduced -23.5m -23,488,000
9 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 29,667,00029.7m $27.7m $27.7m 0.02% Added +25.7m +25,667,000
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 22,478,00022.5m $21.0m $21.0m 0.00% Reduced -7.9m -7,912,000
11 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 15,000,00015.0m $14.0m $14.0m 0.02% Reduced -15.0m -15,000,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 14,498,00014.5m $13.6m $13.6m 0.00% Reduced -1.0m -1,000,000
13 CQS (US), LLC 3.60% of their portfolio NEW YORK, NY 14,178,00014.2m $13.2m $13.2m 3.60% Unchanged
14 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 9,250,0009.2m $8.6m $8.6m 0.01% Unchanged
15 BlackRock Inc. 0.00% of their portfolio New York, NY 5,760,0005.8m $5.4m $5.4m 0.00% Added +400.0k +400,000
16 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,625,0004.6m $4.3m $4.3m 0.01% Unchanged
17 Magnetar Financial LLC 0.06% of their portfolio EVANSTON, IL 3,000,0003.0m $2.8m $2.8m 0.06% Unchanged
18 Parallax Volatility Advisers, L.P. 0.07% of their portfolio San Francisco, CA 3,000,0003.0m $2.8m $2.8m 0.07% Unchanged
19 Paloma Partners Management Co 0.14% of their portfolio GREENWICH, CT 1,722,0001.7m $1.6m $1.6m 0.14% Reduced -1.8m -1,754,000
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,266,0001.3m $1.2m $1.2m 0.00% Reduced -2.5m -2,532,000
21 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 1,050,0001.1m $984.4k $984.4k 0.02% Reduced -4.3m -4,295,000
22 Man Group plc 0.00% of their portfolio LONDON, X0 700,000700.0k $654.5k $654.5k 0.00% Unchanged
23 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 611,000611.0k $568.2k $568.2k 0.00% Reduced -2.2m -2,200,000
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 431,000431.0k $400.8k $400.8k 0.00% Reduced -2.5m -2,500,000
25 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 318,000318.0k $297.3k $297.3k 0.00% Unchanged
26 Fox Hill Wealth Management 0.15% of their portfolio DEDHAM, MA 263,000263.0k $245.8k $245.8k 0.15% Reduced -5.0k -5,000
27 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 250,000250.0k $232.5k $232.5k 0.00% Unchanged
28 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 227,000227.0k $211.9k $211.9k 0.00% New
29 Proficio Capital Partners LLC 0.02% of their portfolio NEWTON, MA 200,000200.0k $186.0k $186.0k 0.02% Unchanged
30 SkyOak Wealth, LLC 0.04% of their portfolio SOUTHFIELD, MI 200,000200.0k $186.9k $186.9k 0.04% Unchanged
31 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 131,000131.0k $122.3k $122.3k 0.00% Added +2.0k +2,000
32 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 99,00099.0k $92.1k $92.1k 0.00% Unchanged
33 Context Capital Management, LLC 1.83% of their portfolio LAJOLLA, CA 54,43854.4k $50.8m $50.8m 1.83% Added +9.7k +9,663
34 Mariner, LLC 0.00% of their portfolio Overland Park, KS 50,00050.0k $46.5k $46.5k 0.00% Unchanged
35 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 10,00010.0k $9.3k $9.3k 0.00% Unchanged
36 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged