Vault-13

BOOKING HOLDINGS INC BKNG 0.75 05.01.25

NOTE 0.750% 5/0 · US DOMESTIC · CUSIP 09857LAN8

77 institutional holders -2 vs Q4 2022
103,539,382103.5m shares reported held*
$1.3bnreported value*
13 new 15 added 29 reduced 15 sold out net sold ≈ $62.8m (+20.3m 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 ($5.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.84.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 70Q4 22: 79Q1 23: 7777Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202270
Q4 202279
Q1 202377

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 22: 29 bought or addedQ4 22: 31 cut or sold outQ4 22Q1 23: 28 bought or addedQ1 23: 44 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222931
Q1 20232844

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30m$40mQ3 22 calls: $9.7mQ3 22 puts: $36.0mQ3 22P/C 3.71Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$9.7m$36.0m3.71
Q4 2022$0$0—
Q1 2023$0$0—

Biggest buyers

FMR LLC Added +39,618,000+39.6m
Jefferies Financial Group Inc. Added +30,634,000+30.6m
BANK OF MONTREAL /CAN/ Added +28,575,000+28.6m
BlackRock Inc. Added +23,365,000+23.4m
JANE STREET GROUP, LLC New +15,475,000+15.5m
SONA ASSET MANAGEMENT (US) LLC New +12,000,000+12.0m
Centiva Capital, LP New +12,000,000+12.0m
Sculptor Capital LP New +10,013,000+10.0m
LORD, ABBETT & CO. LLC Added +8,815,000+8.8m
LORD, ABBETT & CO. LLC Added +8,815,000+8.8m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -69,000,000-69.0m
LAZARD ASSET MANAGEMENT LLC Reduced -37,867,000-37.9m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -35,120,000-35.1m
ZAZOVE ASSOCIATES LLC Sold out -31,248,000-31.2m
Calamos Advisors LLC Reduced -21,043,000-21.0m
RWC Asset Management LLP Sold out -9,000,000-9.0m
VICTORY CAPITAL MANAGEMENT INC Reduced -7,616,000-7.6m
Man Group plc Sold out -5,420,000-5.4m
AXA S.A. Reduced -5,400,000-5.4m
ROYAL BANK OF CANADA Reduced -5,153,000-5.2m

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.15% of their portfolio ATLANTA, GA 96,235,00096.2m $144.6m $144.6m 0.15% Reduced -69.0m -69,000,000
2 VICTORY CAPITAL MANAGEMENT INC 0.15% of their portfolio San Antonio, TX 89,883,00089.9m $134.6m $134.6m 0.15% Reduced -7.6m -7,616,000
3 ADVENT CAPITAL MANAGEMENT /DE/ 1.85% of their portfolio NEW YORK, NY 64,261,00064.3m $96.5m $96.5m 1.85% Reduced -35.1m -35,120,000
4 LAZARD ASSET MANAGEMENT LLC 0.10% of their portfolio NEW YORK, NY 50,129,00050.1m $75.3m $75.3m 0.10% Reduced -37.9m -37,867,000
5 FMR LLC 0.00% of their portfolio BOSTON, MA 40,726,00040.7m $61.0m $61.0m 0.00% Added +39.6m +39,618,000
6 Jefferies Financial Group Inc. 1.12% of their portfolio NEW YORK, NY 35,302,00035.3m $52.9m $52.9m 1.12% Added +30.6m +30,634,000
7 BlackRock Inc. 0.00% of their portfolio New York, NY 33,439,00033.4m $50.1m $50.1m 0.00% Added +23.4m +23,365,000
8 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 31,075,00031.1m $46.0m $46.0m 0.02% Added +28.6m +28,575,000
9 LORD, ABBETT & CO. LLC 0.07% of their portfolio JERSEY CITY, NJ 27,613,00027.6m $41.4m $41.4m 0.07% Added +8.8m +8,815,000
10 LORD, ABBETT & CO. LLC 0.07% of their portfolio JERSEY CITY, NJ 27,613,00027.6m $41.4m $41.4m 0.07% Added +8.8m +8,815,000
11 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 27,506,00027.5m $39.3m $39.3m 0.01% Reduced -1.1m -1,118,000
12 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 27,000,00027.0m $40.6m $40.6m 0.02% Unchanged
13 SSI INVESTMENT MANAGEMENT LLC 2.84% of their portfolio Los Angeles, CA 26,960,00027.0m $40.4m $40.4m 2.84% Reduced -659.0k -659,000
14 MacKay Shields LLC 0.93% of their portfolio New York, NY 22,563,00022.6m $33.9m $33.9m 0.93% Reduced -200.0k -200,000
15 Calamos Advisors LLC 0.15% of their portfolio NAPERVILLE, IL 19,653,00019.7m $29.4m $29.4m 0.15% Reduced -21.0m -21,043,000
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 17,757,00017.8m $26.6m $26.6m 0.00% Reduced -3.4m -3,400,000
17 CQS (US), LLC 3.11% of their portfolio NEW YORK, NY 16,400,00016.4m $24.6m $24.6m 3.11% Reduced -500.0k -500,000
18 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 16,164,00016.2m $24.2m $24.2m 0.01% Unchanged
19 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 15,475,00015.5m $23.2m $23.2m 0.04% New
20 Thrivent Financial for Lutherans 0.06% of their portfolio Minneapolis, MN 15,350,00015.3m $23.0m $23.0m 0.06% Added +1.1m +1,050,000
21 INCOME RESEARCH & MANAGEMENT 11.77% of their portfolio Boston, MA 15,216,00015.2m $22.8m $22.8m 11.77% Unchanged
22 PUTNAM INVESTMENTS LLC 0.03% of their portfolio BOSTON, MA 13,939,00013.9m $20.9m $20.9m 0.03% Added +2.4m +2,397,000
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 12,327,00012.3m $18.5m $18.5m 0.00% Added +1.5m +1,503,000
24 Centiva Capital, LP 1.00% of their portfolio New York, NY 12,000,00012.0m $18.0m $18.0m 1.00% New
25 SONA ASSET MANAGEMENT (US) LLC 3.87% of their portfolio NEW YORK, NY 12,000,00012.0m $18.0m $18.0m 3.87% New
26 SHENKMAN CAPITAL MANAGEMENT INC 1.29% of their portfolio NEW YORK, NY 11,289,00011.3m $17.0m $17.0m 1.29% Reduced -3.8m -3,758,000
27 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio FRANKFURT AM MAIN, 2M 10,500,00010.5m $15.8m $15.8m 0.03% Reduced -4.5m -4,500,000
28 Sculptor Capital LP 0.38% of their portfolio New York, NY 10,013,00010.0m $15.0m $15.0m 0.38% New
29 PIER 88 INVESTMENT PARTNERS LLC 3.42% of their portfolio SAN FRANCISCO, CA 9,450,0009.4m $14.2m $14.2m 3.42% Added +4.0m +4,020,000
30 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 8,265,0008.3m $12.4m $12.4m 0.03% Added +3.3m +3,265,000
31 LBP AM SA 0.27% of their portfolio Paris, I0 7,000,0007.0m $10.5m $10.5m 0.27% Unchanged
32 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 5,191,0005.2m $7.8m $7.8m 0.00% Reduced -175.0k -175,000
33 AEGON USA Investment Management, LLC 1.96% of their portfolio CEDAR RAPIDS, IA 4,600,0004.6m $6.9m $6.9m 1.96% Unchanged
34 Amundi 0.00% of their portfolio Paris, I0 4,300,0004.3m $6.4m $6.4m 0.00% Reduced -251.0k -251,000
35 DLD Asset Management, LP 0.61% of their portfolio NEW YORK, NY 4,000,0004.0m $6.0m $6.0m 0.61% New
36 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 4,000,0004.0m $6.0m $6.0m 0.02% Unchanged
37 AXA S.A. 0.02% of their portfolio PARIS, I0 3,900,0003.9m $5.8m $5.8m 0.02% Reduced -5.4m -5,400,000
38 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,706,0003.7m $5.6m $5.6m 0.00% New
39 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 3,310,0003.3m $5.0m $5.0m 0.00% Added +3.0m +2,970,000
40 Paloma Partners Management Co 0.99% of their portfolio GREENWICH, CT 3,000,0003.0m $4.5m $4.5m 0.99% New
41 CONNING INC. 0.13% of their portfolio HARTFORD, CT 2,525,0002.5m $3.8m $3.8m 0.13% Unchanged
42 Liberty Mutual Group Asset Management Inc. 0.80% of their portfolio Boston, MA 2,350,0002.4m $3.5m $3.5m 0.80% Unchanged
43 AGF MANAGEMENT LTD 0.02% of their portfolio TORONTO, A6 2,050,0002.0m $3.1m $3.1m 0.02% Reduced -50.0k -50,000
44 RATIONAL ADVISORS, INC. 0.23% of their portfolio San Juan, PR 1,920,0001.9m $2.9m $2.9m 0.23% New
45 FIRST HAWAIIAN BANK 0.09% of their portfolio HONOLULU, HI 1,730,0001.7m $2.6m $2.6m 0.09% Added +66.0k +66,000
46 JUPITER ASSET MANAGEMENT LTD 0.04% of their portfolio London, X0 1,700,0001.7m $2.5m $2.5m 0.04% Unchanged
47 BOOTHBAY FUND MANAGEMENT, LLC 0.07% of their portfolio NEW YORK, NY 1,684,0001.7m $2.5m $2.5m 0.07% New
48 EDMOND DE ROTHSCHILD HOLDING S.A. 0.05% of their portfolio CHAMBESY, V8 1,547,0001.5m $2.3m $2.3m 0.05% Unchanged
49 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,217,0001.2m $1.8m $1.8m 0.00% Reduced -2.6m -2,636,000
50 PALISADE CAPITAL MANAGEMENT, LP 0.03% of their portfolio FORT LEE, NJ 726,000726.0k $1.1m $1.1m 0.03% Reduced -250.0k -250,000
51 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 665,000665.0k $996.0k $996.0k 0.00% Reduced -5.2m -5,153,000
52 Quaero Capital S.A. 0.55% of their portfolio GENEVE, V8 500,000500.0k $747.7k $747.7k 0.55% Unchanged
53 Compagnie Lombard Odier SCmA 0.02% of their portfolio 1204 GENEVA, V8 450,000450.0k $676.7k $676.7k 0.02% Unchanged
54 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 400,000400.0k $600.2k $600.2k 0.00% Reduced -100.0k -100,000
55 Worth Venture Partners, LLC 0.29% of their portfolio FORT LEE, NJ 388,000388.0k $583.0k $583.0k 0.29% New
56 Calamos Wealth Management LLC 0.03% of their portfolio NAPERVILLE, IL 284,000284.0k $425.5k $425.5k 0.03% Reduced -491.0k -491,000
57 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 235,000235.0k $351.9k $351.9k 0.00% New
58 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 190,000190.0k $284.5k $284.5k 0.00% Reduced -50.0k -50,000
59 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 168,000168.0k $252.4k $252.4k 0.00% Reduced -117.0k -117,000
60 Black Creek Investment Management Inc. 0.01% of their portfolio TORONTO, A6 100,000100.0k $149.7k $149.7k 0.01% Unchanged
61 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 46,00046.0k $68.9k $68.9k 0.00% Added +25.0k +25,000
62 Northside Capital Management, LLC 0.01% of their portfolio Hood River, OR 31,00031.0k $46.2k $46.2k 0.01% Unchanged
63 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 31,00031.0k $46.0k $46.0k 0.00% Unchanged
64 HOHIMER WEALTH MANAGEMENT, LLC 0.01% of their portfolio SEATTLE, WA 29,00029.0k $43.4k $43.4k 0.01% Unchanged
65 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 26,00026.0k $38.9k $38.9k 0.00% Added +10.0k +10,000
66 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 16,00016.0k $24.0k $24.0k 0.00% Unchanged
67 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 14,00014.0k $21.0k $21.0k 0.00% Reduced -4.0k -4,000
68 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 12,00012.0k $18.0k $18.0k 0.00% Unchanged
69 LAKE STREET PRIVATE WEALTH, LLC 0.00% of their portfolio CHICAGO, IL 10,00010.0k $15.0k $15.0k 0.00% Reduced -1.0k -1,000
70 Sage Mountain Advisors LLC 0.00% of their portfolio ATLANTA, GA 7,0007.0k $10.5k $10.5k 0.00% New
71 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 2,7202.7k $407.0k $407.0k 0.01% Reduced -11.6k -11,560
72 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 2,6592.7k $7.1m $7.1m 0.01% Reduced -13 -13
73 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,0002.0k $3.0k $3.0k 0.00% Unchanged
74 LAFFER TENGLER INVESTMENTS, INC. 0.70% of their portfolio Scottsdale, AZ 1,7231.7k $2.6m $2.6m 0.70% Reduced -4 -4
75 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 1,2501.2k $1.7m $1.7m 0.01% Reduced -5.2k -5,200
76 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 1,0001.0k $149.7k $149.7k 0.00% New
77 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged