SCHEDULE: Nomura Holdings Discloses 0.4% Stake in Etsy

Nomura Holdings Inc. and its subsidiary, Nomura Global Financial Products Inc., reported a passive 0.4% ownership stake in Etsy Inc. as of September 30, 2025.

Summary

• Nomura Holdings Inc. and its wholly-owned subsidiary, Nomura Global Financial Products Inc., reported beneficial ownership of Etsy Inc. common stock.
• This filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a previously disclosed passive investment.
• As of September 30, 2025, the reporting persons collectively beneficially owned 404,787 shares of Etsy Inc. common stock.
• This ownership represents 0.4% of Etsy Inc.'s total outstanding common stock.
• The percentage of class is calculated based on 98,528,000 shares of common stock outstanding as of September 30, 2025, as reported in Etsy's quarterly report on Form 10-Q filed with the SEC on October 29, 2025.
• Both Nomura Holdings Inc. and Nomura Global Financial Products Inc. possess shared voting and shared dispositive power over these 404,787 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Etsy Inc.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of passive beneficial ownership and does not contain information that would significantly alter the sentiment towards the company. It is a factual update without explicit positive or negative implications for the company's operations or financial health.

Positives

• Confirmation of continued institutional investment from Nomura Holdings Inc., a significant global financial institution, which can be viewed as a vote of confidence in Etsy's long-term prospects.
• The investment is explicitly stated to be for the ordinary course of business, indicating a passive, non-activist stance, which suggests stability for Etsy's current management and strategic direction.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding Etsy Inc.'s future performance or strategic direction.

Industry Context

Schedule 13G filings are standard disclosures by institutional investors holding less than 5% of a company's stock with no intention to influence management. This filing indicates continued passive institutional interest in Etsy, a prominent global e-commerce platform specializing in handmade, vintage, and craft supplies. Such disclosures provide transparency regarding the institutional ownership landscape of publicly traded companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding institutional ownership, potentially reinforcing confidence in the stock's institutional backing.
• Management: Confirms a passive investment, indicating no immediate pressure for strategic changes from this particular investor, allowing management to focus on existing plans.

Key Dates

Keywords

Etsy, Nomura Holdings, Nomura Global Financial Products, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investment, E-commerce