Vault-13

NCL CORP LTD NCLH 5.375 08.01.25

NOTE 5.375% 8/0 · US DOMESTIC · CUSIP 62886HAX9

52 institutional holders +4 vs Q2 2023
32,895,00032.9m shares reported held*
$539.4mreported value*
10 new 13 added 16 reduced 6 sold out net sold ≈ $15.1m (+6.3m 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. Holder counts are more reliable. Implied quarter-end price ≈ $16.40.

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 40Q4 22: 41Q1 23: 44Q2 23: 48Q3 23: 5252Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202240
Q4 202241
Q1 202344
Q2 202348
Q3 202352

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 19 bought or addedQ4 22: 15 cut or sold outQ4 22Q1 23: 19 bought or addedQ1 23: 20 cut or sold outQ1 23Q2 23: 29 bought or addedQ2 23: 24 cut or sold outQ2 23Q3 23: 23 bought or addedQ3 23: 22 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221915
Q1 20231920
Q2 20232924
Q3 20232322

Biggest buyers

DLD Asset Management, LP New +10,200,000+10.2m
Nuveen Asset Management, LLC New +10,000,000+10.0m
Calamos Advisors LLC Added +8,980,000+9.0m
CSS LLC/IL New +8,865,000+8.9m
Balyasny Asset Management L.P. New +7,500,000+7.5m
SONA ASSET MANAGEMENT (US) LLC New +7,000,000+7.0m
Sculptor Capital LP Added +6,500,000+6.5m
BANK OF AMERICA CORP /DE/ Added +5,902,000+5.9m
Segantii Capital Management Ltd Added +4,500,000+4.5m
BOOTHBAY FUND MANAGEMENT, LLC Added +3,825,000+3.8m

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -23,031,000-23.0m
MILLENNIUM MANAGEMENT LLC Sold out -19,000,000-19.0m
VOYA INVESTMENT MANAGEMENT LLC Sold out -11,115,000-11.1m
BNP PARIBAS FINANCIAL MARKETS Reduced -9,835,000-9.8m
SOROS FUND MANAGEMENT LLC Reduced -8,000,000-8.0m
LAZARD ASSET MANAGEMENT LLC Reduced -6,195,000-6.2m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -5,561,000-5.6m
AVIVA PLC Sold out -5,000,000-5.0m
JPMORGAN CHASE & CO Reduced -2,123,000-2.1m
MIZUHO SECURITIES USA LLC Reduced -1,774,000-1.8m

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 D. E. Shaw & Co., Inc. 0.14% of their portfolio New York, NY 73,700,00073.7m $86.0m $86.0m 0.14% Unchanged
2 Sculptor Capital LP 1.55% of their portfolio New York, NY 55,000,00055.0m $63.8m $63.8m 1.55% Added +6.5m +6,500,000
3 SOROS FUND MANAGEMENT LLC 0.96% of their portfolio NEW YORK, NY 40,500,00040.5m $47.2m $47.2m 0.96% Reduced -8.0m -8,000,000
4 LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 36,733,00036.7m $42.9m $42.9m 0.06% Reduced -6.2m -6,195,000
5 Fort Baker Capital Management LP 2.41% of their portfolio Larkspur, CA 21,000,00021.0m $24.6m $24.6m 2.41% Added +2.5m +2,500,000
6 Portman Square Capital LLP 3.15% of their portfolio London, X0 19,600,00019.6m $22.9m $22.9m 3.15% Unchanged
7 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 18,832,00018.8m $21.9m $21.9m 0.05% Reduced -9.8m -9,835,000
8 Segantii Capital Management Ltd 0.66% of their portfolio HONG KONG, K3 15,000,00015.0m $17.6m $17.6m 0.66% Added +4.5m +4,500,000
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 14,454,00014.5m $16.9m $16.9m 0.00% Added +2.7m +2,700,000
10 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 14,250,00014.2m $16.6m $16.6m 0.00% Added +250.0k +250,000
11 MacKay Shields LLC 0.42% of their portfolio New York, NY 13,235,00013.2m $15.4m $15.4m 0.42% Reduced -661.0k -661,000
12 ADVENT CAPITAL MANAGEMENT /DE/ 0.33% of their portfolio NEW YORK, NY 12,027,00012.0m $14.0m $14.0m 0.33% Reduced -5.6m -5,561,000
13 DLD Asset Management, LP 1.69% of their portfolio NEW YORK, NY 10,200,00010.2m $11.9m $11.9m 1.69% New
14 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 10,000,00010.0m $11.6m $11.6m 0.00% New
15 Calamos Advisors LLC 0.06% of their portfolio NAPERVILLE, IL 9,983,00010.0m $11.6m $11.6m 0.06% Added +9.0m +8,980,000
16 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 9,790,0009.8m $11.4m $11.4m 0.00% Added +5.9m +5,902,000
17 CSS LLC/IL 0.86% of their portfolio CHICAGO, IL 8,865,0008.9m $10.3m $10.3m 0.86% New
18 Balyasny Asset Management L.P. 0.02% of their portfolio Chicago, IL 7,500,0007.5m $8.7m $8.7m 0.02% New
19 SONA ASSET MANAGEMENT (US) LLC 1.08% of their portfolio NEW YORK, NY 7,000,0007.0m $8.1m $8.1m 1.08% New
20 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 5,750,0005.8m $6.7m $6.7m 0.01% Unchanged
21 SSI INVESTMENT MANAGEMENT LLC 0.41% of their portfolio Los Angeles, CA 4,353,0004.4m $5.1m $5.1m 0.41% Added +1.6m +1,603,000
22 BOOTHBAY FUND MANAGEMENT, LLC 0.16% of their portfolio NEW YORK, NY 4,192,0004.2m $4.9m $4.9m 0.16% Added +3.8m +3,825,000
23 RWC Asset Management LLP 0.31% of their portfolio LONDON, X0 4,100,0004.1m $4.8m $4.8m 0.31% Added +500.0k +500,000
24 Covalent Partners LLC 24.29% of their portfolio CONCORD, MA 4,000,0004.0m $4.7m $4.7m 24.29% Unchanged
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,669,0003.7m $4.3m $4.3m 0.00% Reduced -2.1m -2,123,000
26 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 3,652,0003.7m $4.3m $4.3m 0.00% Reduced -1.7m -1,711,000
27 Flow State Investments, L.P. 1.53% of their portfolio CHICAGO, IL 3,500,0003.5m $4.1m $4.1m 1.53% Unchanged
28 BlackRock Inc. 0.00% of their portfolio New York, NY 3,155,0003.2m $3.7m $3.7m 0.00% Added +400.0k +400,000
29 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,679,0002.7m $3.1m $3.1m 0.00% Unchanged
30 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,570,0002.6m $3.0m $3.0m 0.00% Reduced -1.3m -1,345,000
31 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,504,0002.5m $2.9m $2.9m 0.00% Added +1.4m +1,417,000
32 Man Group plc 0.01% of their portfolio LONDON, X0 2,500,0002.5m $2.9m $2.9m 0.01% Unchanged
33 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,484,0002.5m $2.9m $2.9m 0.00% Reduced -29.0k -29,000
34 PUTNAM INVESTMENTS LLC 0.00% of their portfolio BOSTON, MA 2,409,0002.4m $2.8m $2.8m 0.00% Reduced -1.5m -1,486,000
35 MIZUHO SECURITIES USA LLC 0.08% of their portfolio NEW YORK, NY 2,226,0002.2m $2.6m $2.6m 0.08% Reduced -1.8m -1,774,000
36 PALISADE CAPITAL MANAGEMENT, LP 0.05% of their portfolio FORT LEE, NJ 1,656,0001.7m $1.9m $1.9m 0.05% Reduced -500.0k -500,000
37 Worth Venture Partners, LLC 0.98% of their portfolio FORT LEE, NJ 1,408,0001.4m $1.6m $1.6m 0.98% New
38 GABELLI FUNDS LLC 0.01% of their portfolio Rye, NY 1,380,0001.4m $1.6m $1.6m 0.01% Reduced -470.0k -470,000
39 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 580,000580.0k $664.7k $664.7k 0.02% New
40 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 525,000525.0k $609.0k $609.0k 0.00% Unchanged
41 Terrapin Asset Management, LLC 0.80% of their portfolio Miami, FL 500,000500.0k $580.0k $580.0k 0.80% Unchanged
42 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 413,000413.0k $435.6k $435.6k 0.00% New
43 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 191,000191.0k $278.8k $278.8k 0.00% New
44 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 159,000159.0k $184.5k $184.5k 0.01% Reduced -15.0k -15,000
45 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 155,000155.0k $180.2k $180.2k 0.00% Added +33.0k +33,000
46 KBC Group NV 0.00% of their portfolio Brussels, C9 100,000100.0k $117.0k $117.0k 0.00% Unchanged
47 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 96,00096.0k $111.6k $111.6k 0.00% New
48 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 70,00070.0k $81.4k $81.4k 0.00% Unchanged
49 SG Americas Securities, LLC 0.07% of their portfolio NEW YORK, NY 44,88044.9k $5.1m $5.1m 0.07% Reduced -3.2k -3,180
50 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 35,00035.0k $40.7k $40.7k 0.00% Unchanged
51 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 25,00025.0k $29.1k $29.1k 0.01% Reduced -2.0k -2,000
52 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged