Vault-13

WAYFAIR INC W 3.5 11.15.28

NOTE 3.500%11/1 · US DOMESTIC · CUSIP 94419LAR2

52 institutional holders +4 vs Q1 2025
5,185,7655.2m shares reported held*
$876.6mreported value*
10 new 10 added 21 reduced 6 sold out net sold ≈ $401.2k (-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. Holder counts are more reliable. Implied quarter-end price ≈ $169.04.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q2 24: 37Q3 24: 42Q4 24: 47Q1 25: 48Q2 25: 5252Q2 24Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q2 202437
Q3 202442
Q4 202447
Q1 202548
Q2 202552

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 24 bought or addedQ3 24: 16 cut or sold outQ3 24Q4 24: 25 bought or addedQ4 24: 16 cut or sold outQ4 24Q1 25: 24 bought or addedQ1 25: 24 cut or sold outQ1 25Q2 25: 20 bought or addedQ2 25: 27 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20242416
Q4 20242516
Q1 20252424
Q2 20252027

Biggest buyers

Linden Advisors LP New +42,100,000+42.1m
LAZARD ASSET MANAGEMENT LLC New +20,021,000+20.0m
CSS LLC/IL New +14,250,000+14.2m
SONA ASSET MANAGEMENT (US) LLC Added +14,000,000+14.0m
Nuveen, LLC New +11,099,000+11.1m
Balyasny Asset Management L.P. New +10,000,000+10.0m
BNP PARIBAS FINANCIAL MARKETS Added +9,834,000+9.8m
SILVERBACK ASSET MANAGEMENT LLC Added +8,270,000+8.3m
Sculptor Capital LP Added +4,500,000+4.5m
UBS Group AG Added +4,003,000+4.0m

Biggest sellers

ADVENT CAPITAL MANAGEMENT /DE/ Reduced -23,993,000-24.0m
D. E. Shaw & Co., Inc. Reduced -19,845,000-19.8m
SUSQUEHANNA ADVISORS GROUP, INC. Sold out -19,600,000-19.6m
Magnetar Financial LLC Reduced -14,708,000-14.7m
Mirabaud Asset Management (France) SAS Sold out -13,660,000-13.7m
MILLENNIUM MANAGEMENT LLC Reduced -13,500,000-13.5m
HBK INVESTMENTS L P Reduced -13,000,000-13.0m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -8,370,000-8.4m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -8,000,000-8.0m
Sycale Advisors (NY) LLC Reduced -7,000,000-7.0m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 D. E. Shaw & Co., Inc. 0.16% of their portfolio New York, NY 117,372,000117.4m $158.7m $158.7m 0.16% Reduced -19.8m -19,845,000
2 Calamos Advisors LLC 0.43% of their portfolio NAPERVILLE, IL 73,802,00073.8m $99.8m $99.8m 0.43% Reduced -15.0k -15,000
3 Linden Advisors LP 0.35% of their portfolio New York, NY 42,100,00042.1m $56.9m $56.9m 0.35% New
4 SONA ASSET MANAGEMENT (US) LLC 1.80% of their portfolio NEW YORK, NY 39,350,00039.4m $53.1m $53.1m 1.80% Added +14.0m +14,000,000
5 WHITEBOX ADVISORS LLC 1.36% of their portfolio MINNEAPOLIS, MN 37,050,00037.0m $50.1m $50.1m 1.36% Added +800.0k +800,000
6 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 26,000,00026.0m $35.2m $35.2m 0.04% Reduced -1.0m -1,000,000
7 Magnetar Financial LLC 0.17% of their portfolio EVANSTON, IL 25,692,00025.7m $34.8m $34.8m 0.17% Reduced -14.7m -14,708,000
8 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 20,021,00020.0m $27.1m $27.1m 0.04% New
9 CAPSTONE INVESTMENT ADVISORS, LLC 0.23% of their portfolio NEW YORK, NY 20,000,00020.0m $27.1m $27.1m 0.23% Reduced -8.0m -8,000,000
10 SILVERBACK ASSET MANAGEMENT LLC 3.27% of their portfolio DURHAM, NC 15,757,00015.8m $21.3m $21.3m 3.27% Added +8.3m +8,270,000
11 Elliott Investment Management L.P. 0.17% of their portfolio WEST PALM BEACH, FL 15,000,00015.0m $20.3m $20.3m 0.17% Unchanged
12 CSS LLC/IL 1.22% of their portfolio CHICAGO, IL 14,250,00014.2m $19.2m $19.2m 1.22% New
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 13,576,00013.6m $18.4m $18.4m 0.00% Reduced -930.0k -930,000
14 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 11,778,00011.8m $16.0m $16.0m 0.01% Added +9.8m +9,834,000
15 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 11,099,00011.1m $15.0m $15.0m 0.00% New
16 Balyasny Asset Management L.P. 0.03% of their portfolio Chicago, IL 10,000,00010.0m $13.5m $13.5m 0.03% New
17 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 10,000,00010.0m $13.5m $13.5m 0.01% Reduced -13.5m -13,500,000
18 DSC Meridian Capital LP 7.04% of their portfolio NEW YORK, NY 9,500,0009.5m $12.9m $12.9m 7.04% Unchanged
19 LMR Partners LLP 0.18% of their portfolio LONDON, X0 8,500,0008.5m $11.5m $11.5m 0.18% Reduced -6.5m -6,500,000
20 Sculptor Capital LP 0.16% of their portfolio New York, NY 7,500,0007.5m $10.1m $10.1m 0.16% Added +4.5m +4,500,000
21 HBK INVESTMENTS L P 0.16% of their portfolio DALLAS, TX 6,805,0006.8m $9.2m $9.2m 0.16% Reduced -13.0m -13,000,000
22 ADVENT CAPITAL MANAGEMENT /DE/ 0.19% of their portfolio NEW YORK, NY 6,550,0006.5m $8.9m $8.9m 0.19% Reduced -24.0m -23,993,000
23 Jump Financial, LLC 0.11% of their portfolio Chicago, IL 6,500,0006.5m $8.8m $8.8m 0.11% Unchanged
24 BlackRock, Inc. 0.00% of their portfolio New York, NY 6,150,0006.2m $8.3m $8.3m 0.00% Reduced -1.1m -1,150,000
25 ARISTEIA CAPITAL, L.L.C. 0.23% of their portfolio GREENWICH, CT 6,000,0006.0m $8.1m $8.1m 0.23% Unchanged
26 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 5,700,0005.7m $7.7m $7.7m 0.00% Unchanged
27 Sycale Advisors (NY) LLC 2.09% of their portfolio New York, NY 5,000,0005.0m $6.8m $6.8m 2.09% Reduced -7.0m -7,000,000
28 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,808,0004.8m $6.5m $6.5m 0.00% Added +4.0m +4,003,000
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,569,0004.6m $6.2m $6.2m 0.00% Added +107.0k +107,000
30 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 3,612,0003.6m $4.9m $4.9m 0.00% Reduced -1.1m -1,088,000
31 SSI INVESTMENT MANAGEMENT LLC 0.33% of their portfolio Los Angeles, CA 3,474,0003.5m $4.7m $4.7m 0.33% New
32 Ovata Capital Management Ltd 0.88% of their portfolio HONG KONG, K3 3,000,0003.0m $4.1m $4.1m 0.88% Unchanged
33 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,862,0002.9m $3.9m $3.9m 0.00% Reduced -2.2m -2,218,000
34 Skaana Management L.P. 1.47% of their portfolio BROOKLYN, NY 2,500,0002.5m $3.4m $3.4m 1.47% Added +500.0k +500,000
35 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 2,000,0002.0m $2.7m $2.7m 0.01% Unchanged
36 Jefferies Financial Group Inc. 0.03% of their portfolio NEW YORK, NY 1,484,0001.5m $2.0m $2.0m 0.03% New
37 RWC Asset Management LLP 0.10% of their portfolio LONDON, X0 1,400,0001.4m $1.9m $1.9m 0.10% Reduced -3.2m -3,200,000
38 Man Group plc 0.00% of their portfolio LONDON, X0 1,360,0001.4m $1.8m $1.8m 0.00% Reduced -840.0k -840,000
39 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,134,0001.1m $1.5m $1.5m 0.00% Added +484.0k +484,000
40 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 780,000780.0k $1.1m $1.1m 0.00% Reduced -178.0k -178,000
41 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 600,000600.0k $809.8k $809.8k 0.00% Unchanged
42 SHENKMAN CAPITAL MANAGEMENT INC 0.09% of their portfolio NEW YORK, NY 548,000548.0k $889.0k $889.0k 0.09% Reduced -8.4m -8,370,000
43 PALISADE CAPITAL MANAGEMENT, LP 0.02% of their portfolio FORT LEE, NJ 500,000500.0k $676.2k $676.2k 0.02% Reduced -500.0k -500,000
44 FMR LLC 0.00% of their portfolio BOSTON, MA 278,000278.0k $375.5k $375.5k 0.00% Unchanged
45 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 260,000260.0k $353.8k $353.8k 0.00% New
46 NOMURA HOLDINGS INC 0.08% of their portfolio TOKYO, M0 185,765185.8k $9.5m $9.5m 0.08% Reduced -81.0k -81,026
47 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 163,000163.0k $221.3k $221.3k 0.00% New
48 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 88,00088.0k $119.0k $119.0k 0.01% Reduced -23.0k -23,000
49 Context Capital Management, LLC 1.49% of their portfolio LAJOLLA, CA 32,60032.6k $44.1m $44.1m 1.49% Added +15.0k +15,000
50 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 21,00021.0k $28.3k $28.3k 0.00% New
51 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 20,00020.0k $2.7m $2.7m 0.01% Unchanged
52 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged