AFFIRM HLDGS INC

CUSIP: 00827BAB2 Class: NOTE 11/1

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (4)

CAPSTONE INVESTMENT ADVISORS, LLC
Value ($000) $1,351 Shares 1,400,000
UBS ASSET MANAGEMENT AMERICAS INC
Value ($000) $3,725 Shares 3,880,000
CSS LLC/IL
Value ($000) $52 Shares 54,000
Focus Partners Wealth
Value ($000) $36 Shares 38,000

Increased Positions (4)

SSI INVESTMENT MANAGEMENT LLC
Value ($000) $7,668 (+4.6%) Shares 7,987,000 (+3.5%)
OAKTREE CAPITAL MANAGEMENT LP
Value ($000) $5,042 (+23.0%) Shares 5,225,000 (+21.8%)
BNP PARIBAS ARBITRAGE, SA
Value ($000) $210 (+905.6%) Shares 219,000 (+895.5%)
LAZARD ASSET MANAGEMENT LLC
Value ($000) $445 (+3.5%) Shares 46,090,000 (+2.5%)

Decreased Positions (5)

ARISTEIA CAPITAL, L.L.C.
Value ($000) $18,480 (-1.5%) Shares 19,150,000 (-2.5%)
Verition Fund Management LLC
Value ($000) $18,971 (-12.0%) Shares 19,659,000 (-12.9%)
JPMORGAN CHASE & CO
Value ($000) $15,593 (-11.6%) Shares 16,328,000 (-12.1%)
PALISADE CAPITAL MANAGEMENT, LP
Value ($000) $3,078 (-2.1%) Shares 3,198,000 (-3.1%)
Russell Investments Group, Ltd.
Value ($000) $2,691 (-15.9%) Shares 2,786,000 (-17.0%)

Exited Positions (6)

Militia Capital Partners, LP
Value ($000) $818 Shares 11,200
BARCLAYS PLC
Value ($000) $875 Shares 986,000
Zurcher Kantonalbank (Zurich Cantonalbank)
Value ($000) $190 Shares 200,000
TRUIST FINANCIAL CORP
Value ($000) $115 Shares 121,000
HBK Sorce Advisory LLC
Value ($000) $26 Shares 27,000
LPL Financial LLC
Value ($000) $13 Shares 14,000