SPOTIFY USA INC

CUSIP: 84921RAB6 Class: NOTE 3/1

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

InstitutionSharesValue ($000)
SOROS FUND MANAGEMENT LLC194,500,000$221,228
D. E. Shaw & Co., Inc.185,336,000$210,808
Calamos Advisors LLC143,410,000$163,279
Ovata Capital Management Ltd87,500,000$99,623
DeepCurrents Investment Group LLC65,628,000$74,731
ARISTEIA CAPITAL, L.L.C.62,114,000$70,655
CAMDEN ASSET MANAGEMENT L P /CA58,680,000$66,602
CAPSTONE INVESTMENT ADVISORS, LLC52,418,000$59,625
ZAZOVE ASSOCIATES LLC49,276,000$56,103
HIGHBRIDGE CAPITAL MANAGEMENT LLC37,500,000$42,672
TWO SIGMA INVESTMENTS, LP34,707,000$39,392
BANK OF AMERICA CORP /DE/33,112,200$37,582
Brevan Howard Capital Management LP33,000,000$37,386
STATE STREET CORP31,780,000$36,097
TENOR CAPITAL MANAGEMENT Co., L.P.31,011,000$35,319
BANK OF MONTREAL /CAN/27,500,000$31,293
SONA ASSET MANAGEMENT (US) LLC26,500,000$30,158
DAVIDSON KEMPNER CAPITAL MANAGEMENT LP23,500,000$26,673
Point72 Asset Management, L.P.21,000,000$23,895
Parallax Volatility Advisers, L.P.20,000,000$22,700
Wellesley Asset Management19,002,000$21,415
BlackRock, Inc.18,873,000$21,421
ONTARIO TEACHERS PENSION PLAN BOARD15,000,000$17,065
ADVENT CAPITAL MANAGEMENT /DE/14,525,000$16,522
CITIGROUP INC10,456,000$11,868
Sculptor Capital LP10,000,000$11,386
ROYAL BANK OF CANADA7,947,000$9,002
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt7,550,000$8,595
MILLENNIUM MANAGEMENT LLC7,500,000$8,529
MORGAN STANLEY7,496,000$8,508
MIZUHO SECURITIES USA LLC7,185,000$8,110
Warberg Asset Management LLC6,152,000$6,995
BNP PARIBAS ARBITRAGE, SA6,135,000$6,963
JPMORGAN CHASE & CO5,830,000$6,634
KIM, LLC5,382,000$6,122
BARCLAYS PLC5,360,000$6,099
WATER ISLAND CAPITAL LLC5,000,000$5,675
Daiwa Securities Group Inc.4,500,000$5
BNP Paribas Investment Partners S.A.4,500,000$5
Union Bancaire Privee, UBP SA3,590,000$3,457
WELLINGTON MANAGEMENT GROUP LLP3,450,000$3,925
LORD, ABBETT & CO. LLC3,164,000$4
SSI INVESTMENT MANAGEMENT LLC2,790,000$3,167
Capital World Investors2,134,000$2,427
Kohlberg Kravis Roberts & Co. L.P.1,615,000$1,837
FMR LLC1,500,000$1,703
Bank of New York Mellon Corp1,350,000$1,536
OAKTREE CAPITAL MANAGEMENT LP1,300,000$1,479
MANUFACTURERS LIFE INSURANCE COMPANY, THE1,150,000$1,310
DNCA FINANCE1,150,000$1,309
WELLS FARGO & COMPANY/MN1,118,000$1,272
AGF MANAGEMENT LTD800,000$908
Zurcher Kantonalbank (Zurich Cantonalbank)600,000$678
Calamos Wealth Management LLC455,000$518
Clearstead Advisors, LLC225,000$255
Central Pacific Bank - Trust Division157,000$178
Amundi150,000$17,025
Cetera Investment Advisers84,000$95
Capital Investment Advisory Services, LLC46,000$52
CHOREO, LLC25,000$28
Cerity Partners LLC19,000$22
FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC.19,000$22
RAYMOND JAMES FINANCIAL INC18,000$20
Fidelis Capital Partners, LLC15,000$17
SG Americas Securities, LLC14,750$2
LOOMIS SAYLES & CO L P13,581$7,887
Boussard & Gavaudan Investment Management LLP13,500$15,285
ZWJ INVESTMENT COUNSEL INC10,000$11
COMERICA BANK6,000$7
Alpine Global Management, LLC5,500$6,246
NOMURA HOLDINGS INC3,118$1,811
ROTHSCHILD INVESTMENT LLC3,000$3
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO2,000$2
COMMERZBANK AKTIENGESELLSCHAFT /FI506$0
ODDO BHF ASSET MANAGEMENT SAS205$233
Total (75 institutions)1,413,861,360$1,641,474