Vault-13

WAYFAIR INC W 3.25 09.15.27

NOTE 3.250% 9/1 · US DOMESTIC · CUSIP 94419LAP6

57 institutional holders +1 vs Q1 2025
20,348,00020.3m shares reported held*
$824.0mreported value*
10 new 13 added 16 reduced 8 sold out net sold ≈ $130.6m (+3.4m 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. Holder counts are more reliable. Implied quarter-end price ≈ $40.50.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 23: 50Q4 23: 58Q1 24: 56Q2 24: 61Q3 24: 67Q4 24: 64Q1 25: 56Q2 25: 5757Q3 23Q1 24Q3 24Q1 25Q2 25
Numbers
QuarterHolders
Q3 202350
Q4 202358
Q1 202456
Q2 202461
Q3 202467
Q4 202464
Q1 202556
Q2 202557

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 23: 37 bought or addedQ4 23: 17 cut or sold outQ4 23Q1 24: 30 bought or addedQ1 24: 27 cut or sold outQ2 24: 30 bought or addedQ2 24: 24 cut or sold outQ2 24Q3 24: 35 bought or addedQ3 24: 23 cut or sold outQ4 24: 28 bought or addedQ4 24: 31 cut or sold outQ4 24Q1 25: 24 bought or addedQ1 25: 33 cut or sold outQ2 25: 23 bought or addedQ2 25: 24 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q4 20233717
Q1 20243027
Q2 20243024
Q3 20243523
Q4 20242831
Q1 20252433
Q2 20252324

Biggest buyers

BNP PARIBAS FINANCIAL MARKETS Added +53,342,000+53.3m
MILLENNIUM MANAGEMENT LLC Added +25,500,000+25.5m
Linden Advisors LP New +22,367,000+22.4m
LAZARD ASSET MANAGEMENT LLC Added +16,291,000+16.3m
D. E. Shaw & Co., Inc. New +7,735,000+7.7m
UBS Group AG Added +5,570,000+5.6m
Ionic Capital Management LLC New +5,000,000+5.0m
SSI INVESTMENT MANAGEMENT LLC Added +4,735,000+4.7m
WELLINGTON MANAGEMENT GROUP LLP New +2,676,000+2.7m
STATE OF WISCONSIN INVESTMENT BOARD New +2,000,000+2.0m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -123,855,000-123.9m
SOROS FUND MANAGEMENT LLC Reduced -56,500,000-56.5m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -16,000,000-16.0m
Nuveen, LLC Sold out -15,916,000-15.9m
BANK OF AMERICA CORP /DE/ Reduced -14,530,000-14.5m
CSS LLC/IL Sold out -7,500,000-7.5m
SONA ASSET MANAGEMENT (US) LLC Sold out -5,000,000-5.0m
AMERIPRISE FINANCIAL INC Reduced -4,000,000-4.0m
BARINGS LLC Reduced -3,980,000-4.0m
MORGAN STANLEY Reduced -3,856,000-3.9m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.14% of their portfolio ATLANTA, GA 121,525,000121.5m $138.8m $138.8m 0.14% Reduced -123.9m -123,855,000
2 BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio PARIS, I0 80,351,00080.4m $91.6m $91.6m 0.07% Added +53.3m +53,342,000
3 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 69,512,00069.5m $79.4m $79.4m 0.02% Unchanged
4 SOROS FUND MANAGEMENT LLC 0.73% of their portfolio NEW YORK, NY 37,500,00037.5m $42.7m $42.7m 0.73% Reduced -56.5m -56,500,000
5 ADVENT CAPITAL MANAGEMENT /DE/ 0.87% of their portfolio NEW YORK, NY 34,774,00034.8m $39.7m $39.7m 0.87% Reduced -2.7m -2,719,000
6 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 33,000,00033.0m $37.6m $37.6m 0.03% Added +25.5m +25,500,000
7 Davidson Kempner Capital Management LP 0.55% of their portfolio New York, NY 31,500,00031.5m $35.9m $35.9m 0.55% Reduced -3.5m -3,500,000
8 Calamos Advisors LLC 0.13% of their portfolio NAPERVILLE, IL 25,555,00025.6m $29.2m $29.2m 0.13% Unchanged
9 Linden Advisors LP 0.16% of their portfolio New York, NY 22,367,00022.4m $25.5m $25.5m 0.16% New
10 CAMDEN ASSET MANAGEMENT L P /CA 0.54% of their portfolio Los Angeles, CA 20,375,00020.4m $23.2m $23.2m 0.54% Reduced -16.0m -16,000,000
11 LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 17,175,00017.2m $19.6m $19.6m 0.03% Added +16.3m +16,291,000
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 16,760,00016.8m $19.1m $19.1m 0.00% Reduced -851.0k -851,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,854,00012.9m $14.8m $14.8m 0.00% Reduced -1.2m -1,250,000
14 Magnetar Financial LLC 0.06% of their portfolio EVANSTON, IL 10,000,00010.0m $11.4m $11.4m 0.06% Unchanged
15 ABSOLUTE INVESTMENT ADVISERS, LLC 1.36% of their portfolio ROSEMARY BEACH, FL 9,679,0009.7m $11.0m $11.0m 1.36% Added +1.5m +1,500,000
16 SSI INVESTMENT MANAGEMENT LLC 0.75% of their portfolio Los Angeles, CA 9,299,0009.3m $10.6m $10.6m 0.75% Added +4.7m +4,735,000
17 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 8,000,0008.0m $9.1m $9.1m 0.00% Reduced -4.0m -4,000,000
18 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 7,943,0007.9m $9.1m $9.1m 0.03% Reduced -166.0k -166,000
19 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 7,735,0007.7m $8.8m $8.8m 0.01% New
20 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 6,918,0006.9m $7.9m $7.9m 0.01% Added +158.0k +158,000
21 BlackRock, Inc. 0.00% of their portfolio New York, NY 6,475,0006.5m $7.4m $7.4m 0.00% Reduced -500.0k -500,000
22 ARISTEIA CAPITAL, L.L.C. 0.19% of their portfolio GREENWICH, CT 6,000,0006.0m $6.9m $6.9m 0.19% Unchanged
23 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,571,0005.6m $6.3m $6.3m 0.00% Added +5.6m +5,570,000
24 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 5,000,0005.0m $5.7m $5.7m 0.01% Unchanged
25 Ionic Capital Management LLC 6.40% of their portfolio NEW YORK, NY 5,000,0005.0m $5.7m $5.7m 6.40% New
26 Sycale Advisors (NY) LLC 1.32% of their portfolio New York, NY 3,750,0003.8m $4.3m $4.3m 1.32% Reduced -2.0m -2,000,000
27 SHENKMAN CAPITAL MANAGEMENT INC 0.45% of their portfolio NEW YORK, NY 3,434,0003.4m $4.6m $4.6m 0.45% Added +1.8m +1,796,000
28 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 2,676,0002.7m $3.1m $3.1m 0.00% New
29 OAKTREE CAPITAL MANAGEMENT LP 0.06% of their portfolio LOS ANGELES, CA 2,585,0002.6m $3.0m $3.0m 0.06% Unchanged
30 Man Group plc 0.01% of their portfolio LONDON, X0 2,285,0002.3m $2.6m $2.6m 0.01% Unchanged
31 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,100,0002.1m $2.4m $2.4m 0.00% Unchanged
32 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 2,000,0002.0m $2.3m $2.3m 0.01% New
33 FMR LLC 0.00% of their portfolio BOSTON, MA 1,813,0001.8m $2.1m $2.1m 0.00% Added +1.2m +1,205,000
34 Amundi 0.00% of their portfolio Paris, I0 1,750,0001.8m $2.1m $2.1m 0.00% Unchanged
35 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 1,750,0001.8m $2.0m $2.0m 0.00% Added +1 +1
36 BARINGS LLC 0.03% of their portfolio CHARLOTTE, NC 1,020,0001.0m $1.2m $1.2m 0.03% Reduced -4.0m -3,980,000
37 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 800,000800.0k $913.4k $913.4k 0.00% Unchanged
38 DNCA FINANCE 0.06% of their portfolio PARIS, I0 700,000700.0k $806.3k $806.3k 0.06% Unchanged
39 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 638,000638.0k $727.0k $727.0k 0.00% Reduced -1.4m -1,438,000
40 Central Pacific Bank - Trust Division 0.08% of their portfolio HONOLULU, HI 534,000534.0k $608.5k $608.5k 0.08% Added +280.0k +280,000
41 Altshuler Shaham Ltd 0.01% of their portfolio Tel Aviv, L3 315,000315.0k $360.2k $360.2k 0.01% New
42 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 150,000150.0k $173.0k $173.0k 0.00% Unchanged
43 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 106,000106.0k $120.8k $120.8k 0.00% Reduced -3.9m -3,856,000
44 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 104,000104.0k $118.5k $118.5k 0.00% Unchanged
45 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 100,000100.0k $111.7k $111.7k 0.00% New
46 Context Capital Management, LLC 3.12% of their portfolio LAJOLLA, CA 80,87980.9k $92.4m $92.4m 3.12% Added +11.3k +11,308
47 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 19,00019.0k $21.7k $21.7k 0.00% Added +1.0k +1,000
48 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 15,00015.0k $17.1k $17.1k 0.00% New
49 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 14,00014.0k $16.0k $16.0k 0.00% Unchanged
50 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 10,00010.0k $1.1m $1.1m 0.01% Unchanged
51 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 10,00010.0k $12.0k $12.0k 0.00% New
52 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 6,0006.0k $6.8k $6.8k 0.00% New
53 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,0003.0k $3.4k $3.4k 0.00% Unchanged
54 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,0002.0k $2.3k $2.3k 0.00% Reduced -112.0k -112,000
55 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,6001.6k $1.8k $1.8k 0.00% Reduced -14.5m -14,530,000
56 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0001.0k $1.1k $1.1k 0.00% Unchanged
57 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged