H WORLD GROUP LTD HTHT 3 05.01.26

NOTE 3.000% 5/0 · US DOMESTIC · CUSIP 44332NAB2

35 institutional holders +2 vs Q4 2023

82,992,00083.0m shares reported held*

$544.2mreported value*

5 new 10 added 4 reduced 3 sold out net sold ≈ $477.6k (+16.0m 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. Holder counts are more reliable. Implied quarter-end price ≈ $6.56.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

Numbers

Quarter	Holders
Q3 2022	32
Q4 2022	33
Q1 2023	37
Q2 2023	32
Q3 2023	34
Q4 2023	33
Q1 2024	35

Buyers vs sellers

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

Bought or addedCut or sold out

Numbers

Quarter	Bought or added	Cut or sold out
Q4 2022	10	13
Q1 2023	16	11
Q2 2023	9	14
Q3 2023	10	13
Q4 2023	9	10
Q1 2024	15	7

Biggest buyers

PRICE T ROWE ASSOCIATES INC /MD/	Added	+21,912,000+21.9m
LORD, ABBETT & CO. LLC	New	+11,928,000+11.9m
Paloma Partners Management Co	New	+5,600,000+5.6m
Pinpoint Asset Management Ltd	Added	+5,000,000+5.0m
GOLDMAN SACHS GROUP INC	New	+4,497,000+4.5m
ADVENT CAPITAL MANAGEMENT /DE/	Added	+3,573,000+3.6m
OAKTREE CAPITAL MANAGEMENT LP	Added	+2,593,000+2.6m
LAZARD ASSET MANAGEMENT LLC	Added	+2,010,000+2.0m
Linden Advisors LP	Added	+1,865,000+1.9m
CITIGROUP INC	Added	+1,258,000+1.3m

Biggest sellers

MILLENNIUM MANAGEMENT LLC	Reduced	-33,994,000-34.0m
LMR Partners LLP	Sold out	-15,000,000-15.0m
ROYAL BANK OF CANADA	Sold out	-11,446,000-11.4m
ROYAL BANK OF CANADA	Sold out	-680,000-680.0k
JANE STREET GROUP, LLC	Reduced	-250,000-250.0k
Russell Investments Group, Ltd.	Reduced	-236,000-236.0k
CREDIT SUISSE AG/	Reduced	-200,000-200.0k

Holders, Q1 2024

#	Manager	Location	Shares	Value	% of their portfolio	Change	Shares change
1	Linden Advisors LP 0.91% of their portfolio	New York, NY	99,876,00099.9m $115.5m	$115.5m	0.91%	Added +1.9m	+1,865,000
2	LAZARD ASSET MANAGEMENT LLC 0.09% of their portfolio	NEW YORK, NY	61,924,00061.9m $71.7m	$71.7m	0.09%	Added +2.0m	+2,010,000
3	Aspex Management (HK) Ltd 1.56% of their portfolio	CENTRAL, K3	50,000,00050.0m $57.6m	$57.6m	1.56%	Unchanged
4	Segantii Capital Management Ltd 5.34% of their portfolio	HONG KONG, K3	46,700,00046.7m $54.6m	$54.6m	5.34%	Unchanged
5	PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio	BALTIMORE, MD	25,488,00025.5m $29.4m	$29.4m	0.00%	Added +21.9m	+21,912,000
6	BANK OF AMERICA CORP /DE/ 0.00% of their portfolio	CHARLOTTE, NC	21,340,00021.3m $24.5m	$24.5m	0.00%	Unchanged
7	M&G PLC 0.14% of their portfolio	London, X0	20,690,00020.7m $23.8m	$23.8m	0.14%	First filing
8	ONTARIO TEACHERS PENSION PLAN BOARD 0.17% of their portfolio	Toronto, A6	16,000,00016.0m $18.5m	$18.5m	0.17%	Unchanged
9	Ovata Capital Management Ltd 7.64% of their portfolio	HONG KONG, K3	12,700,00012.7m $14.7m	$14.7m	7.64%	Unchanged
10	LORD, ABBETT & CO. LLC 0.02% of their portfolio	JERSEY CITY, NJ	11,928,00011.9m $13.8m	$13.8m	0.02%	New
11	STATE STREET CORP 0.00% of their portfolio	BOSTON, MA	11,247,00011.2m $13.1m	$13.1m	0.00%	Added +500.0k	+500,000
12	ADVENT CAPITAL MANAGEMENT /DE/ 0.29% of their portfolio	NEW YORK, NY	9,699,0009.7m $11.4m	$11.4m	0.29%	Added +3.6m	+3,573,000
13	Lombard Odier Asset Management (Europe) Ltd 0.52% of their portfolio	LONDON, X0	7,040,0007.0m $8.1m	$8.1m	0.52%	Added +350.0k	+350,000
14	Pinpoint Asset Management Ltd 1.30% of their portfolio	HONG KONG, K3	7,000,0007.0m $8.1m	$8.1m	1.30%	Added +5.0m	+5,000,000
15	OAKTREE CAPITAL MANAGEMENT LP 0.12% of their portfolio	LOS ANGELES, CA	6,485,0006.5m $7.5m	$7.5m	0.12%	Added +2.6m	+2,593,000
16	Paloma Partners Management Co 0.94% of their portfolio	GREENWICH, CT	5,600,0005.6m $6.5m	$6.5m	0.94%	New
17	GOLDMAN SACHS GROUP INC 0.00% of their portfolio	NEW YORK, NY	4,497,0004.5m $5.2m	$5.2m	0.00%	New
18	Amundi 0.00% of their portfolio	Paris, I0	4,400,0004.4m $4.9m	$4.9m	0.00%	Unchanged
19	BlackRock Inc. 0.00% of their portfolio	New York, NY	3,804,0003.8m $4.4m	$4.4m	0.00%	Added +250.0k	+250,000
20	MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio	NEW YORK, NY	3,500,0003.5m $4.0m	$4.0m	0.00%	Reduced -34.0m	-33,994,000
21	CITIGROUP INC 0.00% of their portfolio	NEW YORK, NY	3,027,0003.0m $3.5m	$3.5m	0.00%	Added +1.3m	+1,258,000
22	WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio	Boston, MA	2,275,0002.3m $2.6m	$2.6m	0.00%	Unchanged
23	QVT Financial LP 0.22% of their portfolio	New York, NY	2,000,0002.0m $2.3m	$2.3m	0.22%	Unchanged
24	JANE STREET GROUP, LLC 0.00% of their portfolio	NEW YORK, NY	1,350,0001.4m $1.6m	$1.6m	0.00%	Reduced -250.0k	-250,000
25	EDMOND DE ROTHSCHILD HOLDING S.A. 0.02% of their portfolio	CHAMBESY, V8	875,000875.0k $1.0m	$1.0m	0.02%	Unchanged
26	Russell Investments Group, Ltd. 0.00% of their portfolio	Seattle, WA	471,000471.0k $550.5k	$550.5k	0.00%	Reduced -236.0k	-236,000
27	SG Americas Securities, LLC 0.13% of their portfolio	NEW YORK, NY	220,000220.0k $25.4m	$25.4m	0.13%	Unchanged
28	Man Group plc 0.00% of their portfolio	LONDON, X0	220,000220.0k $253.6k	$253.6k	0.00%	Unchanged
29	CREDIT SUISSE AG/ 0.00% of their portfolio	ZURICH, V8	200,000200.0k $210.1k	$210.1k	0.00%	Reduced -200.0k	-200,000
30	KBC Group NV 0.00% of their portfolio	Brussels, C9	100,000100.0k $117.0k	$117.0k	0.00%	Unchanged
31	JPMORGAN CHASE & CO 0.00% of their portfolio	NEW YORK, NY	42,00042.0k $48.6k	$48.6k	0.00%	New
32	Oaktree Fund Advisors, LLC 0.02% of their portfolio	LOS ANGLES, CA	15,00015.0k $17.4k	$17.4k	0.02%	New
33	AM Squared Ltd 22.65% of their portfolio	HONG KONG, K3	8,0008.0k $9.2m	$9.2m	22.65%	Unchanged
34	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio	MILWAUKEE, WI	6,0006.0k $6.9k	$6.9k	0.00%	Unchanged
35	CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio	BIRMINGHAM, AL	00 $0	$0	0.00%	Unchanged