Vault-13

H WORLD GROUP LTD HTHT 3 05.01.26

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

44 institutional holders +4 vs Q4 2024
72,001,30072.0m shares reported held*
$476.7mreported value*
5 new 9 added 8 reduced 1 sold out net sold ≈ $10.1m

* 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 ≈ $6.62.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 32Q4 22: 33Q1 23: 37Q2 23: 32Q3 23: 34Q4 23: 33Q1 24: 35Q2 24: 43Q3 24: 38Q4 24: 40Q1 25: 4444Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202232
Q4 202233
Q1 202337
Q2 202332
Q3 202334
Q4 202333
Q1 202435
Q2 202443
Q3 202438
Q4 202440
Q1 202544

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 23: 9 bought or addedQ2 23: 14 cut or sold outQ3 23: 10 bought or addedQ3 23: 13 cut or sold outQ3 23Q4 23: 9 bought or addedQ4 23: 10 cut or sold outQ1 24: 15 bought or addedQ1 24: 7 cut or sold outQ1 24Q2 24: 22 bought or addedQ2 24: 7 cut or sold outQ3 24: 13 bought or addedQ3 24: 15 cut or sold outQ3 24Q4 24: 12 bought or addedQ4 24: 15 cut or sold outQ1 25: 14 bought or addedQ1 25: 9 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023914
Q3 20231013
Q4 2023910
Q1 2024157
Q2 2024227
Q3 20241315
Q4 20241215
Q1 2025149

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +3,484,000+3.5m
WELLINGTON MANAGEMENT GROUP LLP Added +2,230,000+2.2m
ROYAL BANK OF CANADA New +1,650,000+1.6m
M&G PLC Added +1,549,000+1.5m
Polar Capital Holdings Plc New +1,500,000+1.5m
WOLVERINE ASSET MANAGEMENT LLC New +1,500,000+1.5m
SHENKMAN CAPITAL MANAGEMENT INC New +1,113,000+1.1m
OAKTREE CAPITAL MANAGEMENT LP Added +1,108,000+1.1m
CITIGROUP INC Added +1,095,000+1.1m
Lombard Odier Asset Management (Europe) Ltd New +709,000+709.0k

Biggest sellers

MILLENNIUM MANAGEMENT LLC Reduced -8,559,000-8.6m
LAZARD ASSET MANAGEMENT LLC Reduced -6,359,000-6.4m
LORD, ABBETT & CO. LLC Sold out -5,864,000-5.9m
Linden Advisors LP Reduced -3,549,000-3.5m
STATE STREET CORP Reduced -950,000-950.0k
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -775,000-775.0k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -281,000-281.0k
Russell Investments Group, Ltd. Reduced -99,000-99.0k
Oaktree Fund Advisors, LLC Reduced -8,000-8.0k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.87% of their portfolio New York, NY 115,151,000115.2m $128.9m $128.9m 0.87% Reduced -3.5m -3,549,000
2 LAZARD ASSET MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 54,517,00054.5m $61.0m $61.0m 0.09% Reduced -6.4m -6,359,000
3 Aspex Management (HK) Ltd 1.43% of their portfolio CENTRAL, K3 50,000,00050.0m $55.5m $55.5m 1.43% Unchanged
4 M&G PLC 0.14% of their portfolio London, X0 27,216,00027.2m $30.2m $30.2m 0.14% Added +1.5m +1,549,000
5 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 21,826,00021.8m $24.9m $24.9m 0.00% Added +700.0k +700,000
6 ONTARIO TEACHERS PENSION PLAN BOARD 0.27% of their portfolio Toronto, A6 16,000,00016.0m $17.7m $17.7m 0.27% Unchanged
7 Ovata Capital Management Ltd 5.09% of their portfolio HONG KONG, K3 12,000,00012.0m $13.4m $13.4m 5.09% Unchanged
8 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 11,200,00011.2m $12.6m $12.6m 0.01% Unchanged
9 OAKTREE CAPITAL MANAGEMENT LP 0.25% of their portfolio LOS ANGELES, CA 10,857,00010.9m $12.1m $12.1m 0.25% Added +1.1m +1,108,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,597,00010.6m $11.9m $11.9m 0.00% Reduced -950.0k -950,000
11 Pinpoint Asset Management Ltd 1.94% of their portfolio HONG KONG, K3 10,000,00010.0m $11.2m $11.2m 1.94% Unchanged
12 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 8,941,0008.9m $10.0m $10.0m 0.01% Reduced -8.6m -8,559,000
13 ADVENT CAPITAL MANAGEMENT /DE/ 0.17% of their portfolio NEW YORK, NY 6,689,0006.7m $7.5m $7.5m 0.17% Reduced -775.0k -775,000
14 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 5,079,0005.1m $5.7m $5.7m 0.00% Added +1.1m +1,095,000
15 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,029,0005.0m $5.6m $5.6m 0.00% Unchanged
16 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 4,933,0004.9m $5.5m $5.5m 0.00% Reduced -281.0k -281,000
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,841,0004.8m $5.4m $5.4m 0.00% Unchanged
18 Amundi 0.00% of their portfolio Paris, I0 4,400,0004.4m $4.9m $4.9m 0.00% Unchanged
19 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 4,355,0004.4m $4.9m $4.9m 0.00% Added +2.2m +2,230,000
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,866,0003.9m $4.3m $4.3m 0.00% Added +3.5m +3,484,000
21 Fore Capital, LLC 4.01% of their portfolio New York, NY 3,000,0003.0m $3.4m $3.4m 4.01% Unchanged
22 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,286,0002.3m $2.6m $2.6m 0.00% Unchanged
23 Jefferies Financial Group Inc. 0.03% of their portfolio NEW YORK, NY 1,710,0001.7m $1.9m $1.9m 0.03% Added +207.0k +207,000
24 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,650,0001.6m $1.9m $1.9m 0.00% New
25 WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio CHICAGO, IL 1,500,0001.5m $1.7m $1.7m 0.03% New
26 Polar Capital Holdings Plc 0.01% of their portfolio London, X0 1,500,0001.5m $1.7m $1.7m 0.01% New
27 SHENKMAN CAPITAL MANAGEMENT INC 0.13% of their portfolio NEW YORK, NY 1,113,0001.1m $1.3m $1.3m 0.13% New
28 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 900,000900.0k $1.0m $1.0m 0.00% Added +500.0k +500,000
29 Lombard Odier Asset Management (Europe) Ltd 0.06% of their portfolio LONDON, X0 709,000709.0k $792.6k $792.6k 0.06% New
30 DNCA FINANCE 0.06% of their portfolio PARIS, I0 600,000600.0k $678.2k $678.2k 0.06% Unchanged
31 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 400,000400.0k $452.6k $452.6k 0.01% Unchanged
32 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 370,000370.0k $418.3k $418.3k 0.00% Reduced -99.0k -99,000
33 SG Americas Securities, LLC 0.08% of their portfolio NEW YORK, NY 220,000220.0k $24.3m $24.3m 0.08% Unchanged
34 Man Group plc 0.00% of their portfolio LONDON, X0 220,000220.0k $246.1k $246.1k 0.00% Unchanged
35 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $226.0k $226.0k 0.00% Added +100.0k +100,000
36 SSI INVESTMENT MANAGEMENT LLC 0.02% of their portfolio Los Angeles, CA 174,000174.0k $194.3k $194.3k 0.02% Unchanged
37 Union Bancaire Privee, UBP SA 0.00% of their portfolio GENEVA 1, V8 60,00060.0k $63.9k $63.9k 0.00% Unchanged
38 Oaktree Fund Advisors, LLC 0.02% of their portfolio LOS ANGLES, CA 13,00013.0k $14.5k $14.5k 0.02% Reduced -8.0k -8,000
39 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 3,0003.0k $3.5k $3.5k 0.00% Unchanged
40 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,5001.5k $1.7k $1.7k 0.00% Unchanged
41 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0001.0k $1.1k $1.1k 0.00% Unchanged
42 Candriam S.C.A. 0.00% of their portfolio STRASSEN, N4 400400 $447.2k $447.2k 0.00% Unchanged
43 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 300300 $336.5k $336.5k 0.01% Unchanged
44 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged