WAYFAIR INC

CUSIP: 94419LAR2 Class: Convertible Debt

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (5)

LMR Partners LLP

Value ($000) $90,578 Shares 39,500,000

UBS Group AG

Value ($000) $19,468 Shares 8,507,000

BANK OF MONTREAL /CAN/

Value ($000) $1,379 Shares 601,000

Jefferies Financial Group Inc.

Value ($000) $224 Shares 99,000

LAZARD ASSET MANAGEMENT LLC

Value ($000) $8 Shares 370,000

Institution	Shares	Value ($000)
LMR Partners LLP	39,500,000	$90,578
UBS Group AG	8,507,000	$19,468
BANK OF MONTREAL /CAN/	601,000	$1,379
Jefferies Financial Group Inc.	99,000	$224
LAZARD ASSET MANAGEMENT LLC	370,000	$8

Increased Positions (7)

Context Capital Management, LLC

Value ($000) $53,037 (+15.3%) Shares 23,150,000 (+104414.7%)

LINDEN ADVISORS LP

Value ($000) $126,276 (+16.8%) Shares 55,084,000 (+5.8%)

MILLENNIUM MANAGEMENT LLC

Value ($000) $169,825 (+23.3%) Shares 74,000,000 (+11.4%)

BANK OF AMERICA CORP /DE/

Value ($000) $17,271 (+231.1%) Shares 7,547,000 (+200.0%)

BlackRock, Inc.

Value ($000) $16,992 (+53.2%) Shares 7,425,000 (+38.8%)

STATE STREET CORP

Value ($000) $28,872 (+15.2%) Shares 12,526,000 (+4.2%)

Calamos Wealth Management LLC

Value ($000) $207 (+12.0%) Shares 90,000 (+1.1%)

Institution	Prev Shares	Curr Shares	Change
Context Capital Management, LLC	22,150	23,150,000	+23,127,850 (+104414.7%)
LINDEN ADVISORS LP	52,084,000	55,084,000	+3,000,000 (+5.8%)
MILLENNIUM MANAGEMENT LLC	66,431,000	74,000,000	+7,569,000 (+11.4%)
BANK OF AMERICA CORP /DE/	2,516,000	7,547,000	+5,031,000 (+200.0%)
BlackRock, Inc.	5,350,000	7,425,000	+2,075,000 (+38.8%)
STATE STREET CORP	12,026,000	12,526,000	+500,000 (+4.2%)
Calamos Wealth Management LLC	89,000	90,000	+1,000 (+1.1%)

Decreased Positions (11)

CSS LLC/IL

Value ($000) $11,768 (-67.0%) Shares 5,124,000 (-70.2%)

SSI INVESTMENT MANAGEMENT LLC

Value ($000) $5,721 (-20.6%) Shares 2,500,000 (-28.0%)

BALYASNY ASSET MANAGEMENT L.P.

Value ($000) $94,398 (-31.2%) Shares 41,130,000 (-37.8%)

ARISTEIA CAPITAL, L.L.C.

Value ($000) $10,882 (-8.8%) Shares 4,750,000 (-17.4%)

Calamos Advisors LLC

Value ($000) $141,783 (+6.2%) Shares 61,665,000 (-4.1%)

CAPSTONE INVESTMENT ADVISORS, LLC

Value ($000) $9,164 (-55.9%) Shares 4,000,000 (-60.0%)

Virtus ETF Advisers LLC

Value ($000) $43 (-36.5%) Shares 19,000 (-42.4%)

BARCLAYS PLC

Value ($000) $275 (-90.0%) Shares 120,000 (-93.6%)

BNP PARIBAS ARBITRAGE, SA

Value ($000) $66 (-96.4%) Shares 29,000 (-96.7%)

GOLDMAN SACHS GROUP INC

Value ($000) $300 (-82.2%) Shares 131,000 (-83.8%)

CITIGROUP INC

Value ($000) $137 (-52.7%) Shares 60,000 (-57.1%)

Institution	Prev Shares	Curr Shares	Change
CSS LLC/IL	17,191,000	5,124,000	-12,067,000 (-70.2%)
SSI INVESTMENT MANAGEMENT LLC	3,474,000	2,500,000	-974,000 (-28.0%)
BALYASNY ASSET MANAGEMENT L.P.	66,130,000	41,130,000	-25,000,000 (-37.8%)
ARISTEIA CAPITAL, L.L.C.	5,750,000	4,750,000	-1,000,000 (-17.4%)
Calamos Advisors LLC	64,321,000	61,665,000	-2,656,000 (-4.1%)
CAPSTONE INVESTMENT ADVISORS, LLC	10,000,000	4,000,000	-6,000,000 (-60.0%)
Virtus ETF Advisers LLC	33,000	19,000	-14,000 (-42.4%)
BARCLAYS PLC	1,872,000	120,000	-1,752,000 (-93.6%)
BNP PARIBAS ARBITRAGE, SA	884,000	29,000	-855,000 (-96.7%)
GOLDMAN SACHS GROUP INC	811,000	131,000	-680,000 (-83.8%)
CITIGROUP INC	140,000	60,000	-80,000 (-57.1%)

Exited Positions (5)

STATE OF WISCONSIN INVESTMENT BOARD

Value ($000) $6,221 Shares 3,000,000

SHENKMAN CAPITAL MANAGEMENT INC

Value ($000) $161 Shares 77,000

NOMURA HOLDINGS INC

Value ($000) $2,885 Shares 32,293

JANE STREET GROUP, LLC

Value ($000) $1,197 Shares 582,000

LOOMIS SAYLES & CO L P

Value ($000) $137 Shares 1,528

Institution	Prev Shares	Prev Value ($000)
STATE OF WISCONSIN INVESTMENT BOARD	3,000,000	$6,221
SHENKMAN CAPITAL MANAGEMENT INC	77,000	$161
NOMURA HOLDINGS INC	32,293	$2,885
JANE STREET GROUP, LLC	582,000	$1,197
LOOMIS SAYLES & CO L P	1,528	$137