Vault-13

NCL CORP LTD NCLH 5.375 08.01.25

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

49 institutional holders +5 vs Q4 2023
3,310,4113.3m shares reported held*
$545.3mreported value*
8 new 15 added 20 reduced 2 sold out net sold ≈ $49.9m (-16.7m 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 ($754.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $164.95.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 40Q4 22: 41Q1 23: 44Q2 23: 48Q3 23: 52Q4 23: 44Q1 24: 4949Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202240
Q4 202241
Q1 202344
Q2 202348
Q3 202352
Q4 202344
Q1 202449

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 23Q4 23: 19 bought or addedQ4 23: 26 cut or sold outQ4 23Q1 24: 23 bought or addedQ1 24: 22 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221915
Q1 20231920
Q2 20232924
Q3 20232322
Q4 20231926
Q1 20242322

Biggest buyers

SOROS FUND MANAGEMENT LLC Added +10,000,000+10.0m
Calamos Advisors LLC Added +9,092,000+9.1m
D. E. Shaw & Co., Inc. Added +8,750,000+8.8m
Centiva Capital, LP New +8,000,000+8.0m
Lombard Odier Asset Management (USA) Corp New +7,500,000+7.5m
SONA ASSET MANAGEMENT (US) LLC Added +4,420,000+4.4m
ROYAL BANK OF CANADA New +3,425,000+3.4m
Balyasny Asset Management L.P. Added +2,750,000+2.8m
CITIGROUP INC Added +2,162,000+2.2m
MIZUHO SECURITIES USA LLC Added +2,035,000+2.0m

Biggest sellers

LAZARD ASSET MANAGEMENT LLC Reduced -21,555,000-21.6m
Fort Baker Capital Management LP Sold out -18,664,000-18.7m
Sculptor Capital LP Reduced -15,400,000-15.4m
GOLDMAN SACHS GROUP INC Sold out -14,250,000-14.2m
BNP PARIBAS FINANCIAL MARKETS Reduced -12,917,000-12.9m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -7,151,000-7.2m
Invesco Ltd. Reduced -3,800,000-3.8m
JPMORGAN CHASE & CO Reduced -3,208,000-3.2m
BARCLAYS PLC Reduced -2,953,000-3.0m
BANK OF AMERICA CORP /DE/ Reduced -1,156,000-1.2m

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 D. E. Shaw & Co., Inc. 0.14% of their portfolio New York, NY 83,950,00084.0m $110.4m $110.4m 0.14% Added +8.8m +8,750,000
2 SOROS FUND MANAGEMENT LLC 1.54% of their portfolio NEW YORK, NY 50,500,00050.5m $66.4m $66.4m 1.54% Added +10.0m +10,000,000
3 Balyasny Asset Management L.P. 0.08% of their portfolio Chicago, IL 24,999,00025.0m $32.9m $32.9m 0.08% Added +2.8m +2,750,000
4 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 24,781,00024.8m $32.5m $32.5m 0.04% Reduced -21.6m -21,555,000
5 MacKay Shields LLC 0.78% of their portfolio New York, NY 21,571,00021.6m $28.3m $28.3m 0.78% Reduced -222.0k -222,000
6 CSS LLC/IL 2.20% of their portfolio CHICAGO, IL 20,595,00020.6m $27.1m $27.1m 2.20% Added +480.0k +480,000
7 Calamos Advisors LLC 0.12% of their portfolio NAPERVILLE, IL 19,051,00019.1m $25.1m $25.1m 0.12% Added +9.1m +9,092,000
8 Sculptor Capital LP 0.44% of their portfolio New York, NY 15,100,00015.1m $19.9m $19.9m 0.44% Reduced -15.4m -15,400,000
9 Segantii Capital Management Ltd 1.94% of their portfolio HONG KONG, K3 15,000,00015.0m $19.8m $19.8m 1.94% Unchanged
10 Portman Square Capital LLP 4.31% of their portfolio London, X0 14,450,00014.4m $19.0m $19.0m 4.31% Reduced -1.0m -1,000,000
11 SONA ASSET MANAGEMENT (US) LLC 1.31% of their portfolio NEW YORK, NY 11,420,00011.4m $15.0m $15.0m 1.31% Added +4.4m +4,420,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 9,054,0009.1m $12.0m $12.0m 0.00% Added +350.0k +350,000
13 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 8,944,0008.9m $11.7m $11.7m 0.01% Reduced -12.9m -12,917,000
14 Centiva Capital, LP 0.59% of their portfolio New York, NY 8,000,0008.0m $10.5m $10.5m 0.59% New
15 Lombard Odier Asset Management (USA) Corp 1.42% of their portfolio New York, NY 7,500,0007.5m $9.9m $9.9m 1.42% New
16 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 6,353,0006.4m $8.3m $8.3m 0.00% Reduced -3.8m -3,800,000
17 FMR LLC 0.00% of their portfolio BOSTON, MA 6,250,0006.2m $8.2m $8.2m 0.00% Reduced -250.0k -250,000
18 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 6,000,0006.0m $7.9m $7.9m 0.01% Added +250.0k +250,000
19 RWC Asset Management LLP 0.42% of their portfolio LONDON, X0 5,100,0005.1m $6.7m $6.7m 0.42% Added +1.0m +1,000,000
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,130,0004.1m $5.4m $5.4m 0.00% Reduced -3.2m -3,208,000
21 Flow State Investments, L.P. 1.53% of their portfolio CHICAGO, IL 4,000,0004.0m $5.2m $5.2m 1.53% Added +2.0m +2,000,000
22 ADVENT CAPITAL MANAGEMENT /DE/ 0.13% of their portfolio NEW YORK, NY 3,913,0003.9m $5.2m $5.2m 0.13% Reduced -7.2m -7,151,000
23 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 3,681,0003.7m $4.8m $4.8m 0.01% Added +2.2m +2,162,000
24 BlackRock Inc. 0.00% of their portfolio New York, NY 3,505,0003.5m $4.6m $4.6m 0.00% Added +250.0k +250,000
25 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,425,0003.4m $4.5m $4.5m 0.00% New
26 MIZUHO SECURITIES USA LLC 0.10% of their portfolio NEW YORK, NY 3,000,0003.0m $3.9m $3.9m 0.10% Added +2.0m +2,035,000
27 Covalent Partners LLC 30.02% of their portfolio CONCORD, MA 3,000,0003.0m $3.9m $3.9m 30.02% Reduced -1.0m -1,000,000
28 Man Group plc 0.01% of their portfolio LONDON, X0 2,300,0002.3m $3.0m $3.0m 0.01% Reduced -50.0k -50,000
29 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 1,810,0001.8m $2.4m $2.4m 0.00% New
30 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,647,0001.6m $2.2m $2.2m 0.00% Reduced -1.2m -1,156,000
31 Jefferies Financial Group Inc. 0.04% of their portfolio NEW YORK, NY 1,507,0001.5m $2.0m $2.0m 0.04% New
32 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,495,0001.5m $2.0m $2.0m 0.00% Reduced -15.0k -15,000
33 PALISADE CAPITAL MANAGEMENT, LP 0.05% of their portfolio FORT LEE, NJ 1,436,0001.4m $1.9m $1.9m 0.05% Reduced -220.0k -220,000
34 GABELLI FUNDS LLC 0.01% of their portfolio Rye, NY 1,380,0001.4m $1.8m $1.8m 0.01% Unchanged
35 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 600,000600.0k $875.7k $875.7k 0.00% New
36 AVIVA PLC 0.00% of their portfolio LONDON, X0 600,000600.0k $777.9k $777.9k 0.00% Reduced -400.0k -400,000
37 Paloma Partners Management Co 0.11% of their portfolio GREENWICH, CT 571,000571.0k $754.7k $754.7k 0.11% Reduced -479.0k -479,000
38 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 525,000525.0k $688.4k $688.4k 0.00% Reduced -100.0k -100,000
39 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 489,000489.0k $643.7k $643.7k 0.00% Reduced -3.0m -2,953,000
40 SHENKMAN CAPITAL MANAGEMENT INC 0.04% of their portfolio NEW YORK, NY 475,000475.0k $627.5k $627.5k 0.04% New
41 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $265.0k $265.0k 0.00% Unchanged
42 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 156,000156.0k $205.7k $205.7k 0.01% Added +4.0k +4,000
43 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 135,000135.0k $176.4k $176.4k 0.00% Unchanged
44 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 90,00090.0k $117.6k $117.6k 0.00% Reduced -84.0k -84,000
45 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 78,00078.0k $101.9k $101.9k 0.00% Added +24.0k +24,000
46 SG Americas Securities, LLC 0.04% of their portfolio NEW YORK, NY 52,14052.1k $6.9m $6.9m 0.04% Reduced -12.8k -12,850
47 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 25,00025.0k $32.4k $32.4k 0.01% Unchanged
48 Alpine Global Management, LLC 1.06% of their portfolio NEW YORK, NY 7,4117.4k $9.7m $9.7m 1.06% New
49 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged