Vault-13

BOOKING HOLDINGS INC BKNG 0.75 05.01.25

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

88 institutional holders +11 vs Q1 2023
83,296,34483.3m shares reported held*
$1.2bnreported value*
16 new 18 added 31 reduced 6 sold out net sold ≈ $107.3m (-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 ($4.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.98.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 70Q4 22: 79Q1 23: 77Q2 23: 8888Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202270
Q4 202279
Q1 202377
Q2 202388

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 23Q2 23: 34 bought or addedQ2 23: 37 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222931
Q1 20232844
Q2 20233437

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 —Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$9.7m$36.0m3.71
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$0—

Biggest buyers

MILLENNIUM MANAGEMENT LLC New +39,600,000+39.6m
III Capital Management New +24,600,000+24.6m
BANK OF AMERICA CORP /DE/ Added +17,933,000+17.9m
TWO SIGMA INVESTMENTS, LP New +11,320,000+11.3m
Parallax Volatility Advisers, L.P. New +10,000,000+10.0m
Calamos Advisors LLC Added +9,606,000+9.6m
Sculptor Capital LP Added +6,500,000+6.5m
STATE STREET CORP Added +4,600,000+4.6m
Flow State Investments, L.P. New +4,500,000+4.5m
BANK OF NOVA SCOTIA New +3,898,000+3.9m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -83,310,000-83.3m
Jefferies Financial Group Inc. Reduced -27,802,000-27.8m
FMR LLC Reduced -24,250,000-24.2m
BANK OF MONTREAL /CAN/ Reduced -23,900,000-23.9m
JANE STREET GROUP, LLC Sold out -15,475,000-15.5m
BlackRock Inc. Reduced -10,098,000-10.1m
LAZARD ASSET MANAGEMENT LLC Reduced -4,481,000-4.5m
DLD Asset Management, LP Sold out -4,000,000-4.0m
SSI INVESTMENT MANAGEMENT LLC Reduced -3,523,000-3.5m
INCOME RESEARCH & MANAGEMENT Reduced -3,275,000-3.3m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VICTORY CAPITAL MANAGEMENT INC 0.14% of their portfolio San Antonio, TX 87,676,00087.7m $131.5m $131.5m 0.14% Reduced -2.2m -2,207,000
2 ADVENT CAPITAL MANAGEMENT /DE/ 1.92% of their portfolio NEW YORK, NY 63,905,00063.9m $96.1m $96.1m 1.92% Reduced -356.0k -356,000
3 LAZARD ASSET MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 45,648,00045.6m $68.6m $68.6m 0.08% Reduced -4.5m -4,481,000
4 MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 39,600,00039.6m $59.4m $59.4m 0.06% New
5 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 30,260,00030.3m $45.4m $45.4m 0.01% Added +17.9m +17,933,000
6 Calamos Advisors LLC 0.22% of their portfolio NAPERVILLE, IL 29,259,00029.3m $43.9m $43.9m 0.22% Added +9.6m +9,606,000
7 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 27,784,00027.8m $41.8m $41.8m 0.00% Added +278.0k +278,000
8 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 27,000,00027.0m $40.6m $40.6m 0.02% Unchanged
9 LORD, ABBETT & CO. LLC 0.07% of their portfolio JERSEY CITY, NJ 26,526,00026.5m $39.8m $39.8m 0.07% Reduced -1.1m -1,087,000
10 LORD, ABBETT & CO. LLC 0.07% of their portfolio JERSEY CITY, NJ 26,526,00026.5m $39.8m $39.8m 0.07% Reduced -1.1m -1,087,000
11 III Capital Management 2.89% of their portfolio BOCA RATON, FL 24,600,00024.6m $36.9m $36.9m 2.89% New
12 SSI INVESTMENT MANAGEMENT LLC 2.46% of their portfolio Los Angeles, CA 23,437,00023.4m $35.1m $35.1m 2.46% Reduced -3.5m -3,523,000
13 BlackRock Inc. 0.00% of their portfolio New York, NY 23,341,00023.3m $35.0m $35.0m 0.00% Reduced -10.1m -10,098,000
14 MacKay Shields LLC 0.95% of their portfolio New York, NY 22,528,00022.5m $33.9m $33.9m 0.95% Reduced -35.0k -35,000
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 22,357,00022.4m $33.6m $33.6m 0.00% Added +4.6m +4,600,000
16 Sculptor Capital LP 0.65% of their portfolio New York, NY 16,513,00016.5m $24.8m $24.8m 0.65% Added +6.5m +6,500,000
17 FMR LLC 0.00% of their portfolio BOSTON, MA 16,476,00016.5m $24.7m $24.7m 0.00% Reduced -24.2m -24,250,000
18 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 16,339,00016.3m $24.5m $24.5m 0.01% Added +175.0k +175,000
19 CQS (US), LLC 2.93% of their portfolio NEW YORK, NY 16,200,00016.2m $24.3m $24.3m 2.93% Reduced -200.0k -200,000
20 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 15,365,00015.4m $23.0m $23.0m 0.05% Added +15.0k +15,000
21 Centiva Capital, LP 1.14% of their portfolio New York, NY 15,000,00015.0m $22.5m $22.5m 1.14% Added +3.0m +3,000,000
22 SONA ASSET MANAGEMENT (US) LLC 5.11% of their portfolio NEW YORK, NY 14,500,00014.5m $21.9m $21.9m 5.11% Added +2.5m +2,500,000
23 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 12,925,00012.9m $19.4m $19.4m 0.02% Reduced -83.3m -83,310,000
24 PUTNAM INVESTMENTS LLC 0.03% of their portfolio BOSTON, MA 12,070,00012.1m $18.1m $18.1m 0.03% Reduced -1.9m -1,869,000
25 INCOME RESEARCH & MANAGEMENT 11.12% of their portfolio Boston, MA 11,941,00011.9m $17.9m $17.9m 11.12% Reduced -3.3m -3,275,000
26 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 11,320,00011.3m $17.0m $17.0m 0.05% New
27 Parallax Volatility Advisers, L.P. 0.52% of their portfolio San Francisco, CA 10,000,00010.0m $15.0m $15.0m 0.52% New
28 SHENKMAN CAPITAL MANAGEMENT INC 1.12% of their portfolio NEW YORK, NY 9,527,0009.5m $14.3m $14.3m 1.12% Reduced -1.8m -1,762,000
29 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 8,455,0008.5m $12.7m $12.7m 0.03% Added +190.0k +190,000
30 PIER 88 INVESTMENT PARTNERS LLC 3.00% of their portfolio SAN FRANCISCO, CA 8,080,0008.1m $12.1m $12.1m 3.00% Reduced -1.4m -1,370,000
31 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 8,000,0008.0m $12.0m $12.0m 0.02% Reduced -2.5m -2,500,000
32 Jefferies Financial Group Inc. 0.24% of their portfolio NEW YORK, NY 7,500,0007.5m $11.3m $11.3m 0.24% Reduced -27.8m -27,802,000
33 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 7,175,0007.2m $10.6m $10.6m 0.00% Reduced -23.9m -23,900,000
34 LBP AM SA 0.21% of their portfolio Paris, I0 6,000,0006.0m $9.0m $9.0m 0.21% Reduced -1.0m -1,000,000
35 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 5,607,0005.6m $8.4m $8.4m 0.00% Added +1.9m +1,901,000
36 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 5,116,0005.1m $7.7m $7.7m 0.00% Reduced -75.0k -75,000
37 Flow State Investments, L.P. 2.85% of their portfolio CHICAGO, IL 4,500,0004.5m $6.8m $6.8m 2.85% New
38 Amundi 0.00% of their portfolio Paris, I0 4,200,0004.2m $6.3m $6.3m 0.00% Reduced -100.0k -100,000
39 AXA S.A. 0.02% of their portfolio PARIS, I0 4,040,0004.0m $6.0m $6.0m 0.02% Added +140.0k +140,000
40 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
41 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 3,898,0003.9m $5.9m $5.9m 0.02% New
42 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 3,826,0003.8m $5.7m $5.7m 0.00% Added +516.0k +516,000
43 Polar Capital Holdings Plc 0.04% of their portfolio London, X0 3,500,0003.5m $5.3m $5.3m 0.04% New
44 Paloma Partners Management Co 1.04% of their portfolio GREENWICH, CT 3,000,0003.0m $4.5m $4.5m 1.04% Unchanged
45 CONNING INC. 0.13% of their portfolio HARTFORD, CT 2,525,0002.5m $3.8m $3.8m 0.13% Unchanged
46 Warberg Asset Management LLC 1.03% of their portfolio WINNETKA, IL 2,411,0002.4m $3.6m $3.6m 1.03% New
47 Liberty Mutual Group Asset Management Inc. 0.89% of their portfolio Boston, MA 2,350,0002.4m $3.5m $3.5m 0.89% Unchanged
48 AEGON USA Investment Management, LLC 1.90% of their portfolio CEDAR RAPIDS, IA 2,215,0002.2m $3.3m $3.3m 1.90% Reduced -2.4m -2,385,000
49 AGF MANAGEMENT LTD 0.02% of their portfolio TORONTO, A6 2,050,0002.0m $3.1m $3.1m 0.02% Unchanged
50 JUPITER ASSET MANAGEMENT LTD 0.03% of their portfolio London, X0 1,700,0001.7m $2.5m $2.5m 0.03% Unchanged
51 EDMOND DE ROTHSCHILD HOLDING S.A. 0.05% of their portfolio CHAMBESY, V8 1,547,0001.5m $2.3m $2.3m 0.05% Unchanged
52 FIRST HAWAIIAN BANK 0.07% of their portfolio HONOLULU, HI 1,356,0001.4m $2.0m $2.0m 0.07% Reduced -374.0k -374,000
53 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 821,000821.0k $1.2m $1.2m 0.00% Added +586.0k +586,000
54 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 700,000700.0k $1.1m $1.1m 0.00% Added +300.0k +300,000
55 BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 613,000613.0k $920.6k $920.6k 0.03% Reduced -1.1m -1,071,000
56 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 565,000565.0k $847.0k $847.0k 0.00% Reduced -100.0k -100,000
57 PALISADE CAPITAL MANAGEMENT, LP 0.02% of their portfolio FORT LEE, NJ 551,000551.0k $826.5k $826.5k 0.02% Reduced -175.0k -175,000
58 RATIONAL ADVISORS, INC. 0.07% of their portfolio San Juan, PR 550,000550.0k $824.3k $824.3k 0.07% Reduced -1.4m -1,370,000
59 Periscope Capital Inc. 0.06% of their portfolio Toronto, A6 500,000500.0k $750.1k $750.1k 0.06% New
60 Quaero Capital S.A. 0.58% of their portfolio GENEVE, V8 500,000500.0k $750.9k $750.9k 0.58% Unchanged
61 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 474,000474.0k $710.4k $710.4k 0.00% Reduced -743.0k -743,000
62 Compagnie Lombard Odier SCmA 0.02% of their portfolio 1204 GENEVA, V8 450,000450.0k $676.3k $676.3k 0.02% Unchanged
63 Calamos Wealth Management LLC 0.05% of their portfolio NAPERVILLE, IL 424,000424.0k $636.8k $636.8k 0.05% Added +140.0k +140,000
64 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 190,000190.0k $284.8k $284.8k 0.00% Unchanged
65 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 168,000168.0k $252.6k $252.6k 0.00% Unchanged
66 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 103,000103.0k $155.0k $155.0k 0.00% Added +57.0k +57,000
67 Black Creek Investment Management Inc. 0.01% of their portfolio TORONTO, A6 100,000100.0k $149.9k $149.9k 0.01% Unchanged
68 SG Americas Securities, LLC 0.08% of their portfolio NEW YORK, NY 67,32067.3k $10.0m $10.0m 0.08% Added +64.6k +64,600
69 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 41,00041.0k $61.5k $61.5k 0.00% New
70 Northside Capital Management, LLC 0.02% of their portfolio Hood River, OR 31,00031.0k $46.3k $46.3k 0.02% Unchanged
71 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 31,00031.0k $47.0k $47.0k 0.00% Unchanged
72 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 26,00026.0k $39.0k $39.0k 0.00% Unchanged
73 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 16,00016.0k $24.0k $24.0k 0.00% Unchanged
74 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 14,00014.0k $21.0k $21.0k 0.00% Unchanged
75 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 12,00012.0k $18.0k $18.0k 0.00% Unchanged
76 Sightline Wealth Advisors, LLC 0.01% of their portfolio GROTON, CT 10,00010.0k $14.9k $14.9k 0.01% New
77 Boussard & Gavaudan Investment Management LLP 1.41% of their portfolio London, X0 9,7589.8k $14.7m $14.7m 1.41% New
78 COMERICA BANK 0.00% of their portfolio DALLAS, TX 9,0009.0k $0 $0 0.00% First filing
79 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,0002.0k $3.0k $3.0k 0.00% Unchanged
80 LAFFER TENGLER INVESTMENTS, INC. 0.66% of their portfolio Scottsdale, AZ 1,6501.6k $2.5m $2.5m 0.66% Reduced -73 -73
81 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 1,2501.2k $1.9m $1.9m 0.01% Unchanged
82 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 1,1921.2k $3.2m $3.2m 0.01% Reduced -1.5k -1,467
83 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,0071.0k $1.1k $1.1k 0.00% New
84 MEITAV INVESTMENT HOUSE LTD 0.01% of their portfolio BENE-BERAQ, L3 480480 $1.3m $1.3m 0.01% New
85 NATIXIS 0.00% of their portfolio PARIS, I0 242242 $363.3k $363.3k 0.00% New
86 Activest Wealth Management 0.03% of their portfolio AVENTURA, FL 1515 $39.4k $39.4k 0.03% New
87 Sage Mountain Advisors LLC 0.00% of their portfolio ATLANTA, GA 77 $10.5k $10.5k 0.00% Reduced -7.0k -6,993
88 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged