Vault-13

NCL CORP LTD NCLH 1.125 02.15.27

NOTE 1.125% 2/1 · US DOMESTIC · CUSIP 62886HBD2

56 institutional holders -6 vs Q1 2024
22,593,84222.6m shares reported held*
$1.1bnreported value*
6 new 17 added 21 reduced 12 sold out net sold ≈ $28.5m (-1.5m 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 ≈ $46.51.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q4 22: 50Q1 23: 54Q2 23: 60Q3 23: 55Q4 23: 55Q1 24: 62Q2 24: 5656Q4 22Q2 23Q4 23Q2 24
Numbers
QuarterHolders
Q4 202250
Q1 202354
Q2 202360
Q3 202355
Q4 202355
Q1 202462
Q2 202456

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 23: 23 bought or addedQ1 23: 18 cut or sold outQ1 23Q2 23: 21 bought or addedQ2 23: 26 cut or sold outQ2 23Q3 23: 30 bought or addedQ3 23: 25 cut or sold outQ3 23Q4 23: 19 bought or addedQ4 23: 18 cut or sold outQ4 23Q1 24: 27 bought or addedQ1 24: 20 cut or sold outQ1 24Q2 24: 23 bought or addedQ2 24: 33 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q1 20232318
Q2 20232126
Q3 20233025
Q4 20231918
Q1 20242720
Q2 20242333

Biggest buyers

MacKay Shields LLC New +45,148,000+45.1m
VOYA INVESTMENT MANAGEMENT LLC Added +13,145,000+13.1m
WELLS FARGO & COMPANY/MN Added +9,444,000+9.4m
LAZARD ASSET MANAGEMENT LLC Added +9,000,000+9.0m
BANK OF MONTREAL /CAN/ Added +8,748,000+8.7m
Lombard Odier Asset Management (USA) Corp Added +7,000,000+7.0m
SHENKMAN CAPITAL MANAGEMENT INC Added +6,079,000+6.1m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. New +5,000,000+5.0m
DLD Asset Management, LP Added +3,500,000+3.5m
Mint Tower Capital Management B.V. New +2,500,000+2.5m

Biggest sellers

Sculptor Capital LP Reduced -35,077,000-35.1m
MORGAN STANLEY Reduced -25,036,000-25.0m
ZAZOVE ASSOCIATES LLC Sold out -19,800,000-19.8m
TWO SIGMA INVESTMENTS, LP Reduced -9,205,000-9.2m
LMR Partners LLP Reduced -9,000,000-9.0m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -6,287,000-6.3m
CSS LLC/IL Sold out -5,000,000-5.0m
OAKTREE CAPITAL MANAGEMENT LP Sold out -4,984,000-5.0m
MILLENNIUM MANAGEMENT LLC Reduced -4,500,000-4.5m
Point72 Asset Management, L.P. Reduced -4,000,000-4.0m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.27% of their portfolio ATLANTA, GA 294,500,000294.5m $274.9m $274.9m 0.27% Added +13.1m +13,145,000
2 LAZARD ASSET MANAGEMENT LLC 0.19% of their portfolio NEW YORK, NY 160,298,000160.3m $149.6m $149.6m 0.19% Added +9.0m +9,000,000
3 Kohlberg Kravis Roberts & Co. L.P. 2.88% of their portfolio NEW YORK, NY 102,939,400102.9m $96.1m $96.1m 2.88% Reduced -3.2m -3,203,000
4 Calamos Advisors LLC 0.31% of their portfolio NAPERVILLE, IL 68,305,00068.3m $63.5m $63.5m 0.31% Unchanged
5 LMR Partners LLP 0.93% of their portfolio LONDON, X0 46,750,00046.8m $43.4m $43.4m 0.93% Reduced -9.0m -9,000,000
6 MacKay Shields LLC 1.28% of their portfolio New York, NY 45,148,00045.1m $42.1m $42.1m 1.28% New
7 SHENKMAN CAPITAL MANAGEMENT INC 2.61% of their portfolio NEW YORK, NY 31,817,00031.8m $30.4m $30.4m 2.61% Added +6.1m +6,079,000
8 Magnetar Financial LLC 0.61% of their portfolio EVANSTON, IL 31,500,00031.5m $29.3m $29.3m 0.61% Added +1.5m +1,490,000
9 ADVENT CAPITAL MANAGEMENT /DE/ 0.70% of their portfolio NEW YORK, NY 30,829,00030.8m $28.9m $28.9m 0.70% Reduced -6.3m -6,287,000
10 AQR Arbitrage LLC 0.68% of their portfolio Greenwich, CT 28,275,00028.3m $26.4m $26.4m 0.68% Added +425.0k +425,000
11 Sculptor Capital LP 0.45% of their portfolio New York, NY 23,623,00023.6m $22.0m $22.0m 0.45% Reduced -35.1m -35,077,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 22,888,00022.9m $21.3m $21.3m 0.00% Reduced -3.4m -3,350,000
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 20,417,00020.4m $18.9m $18.9m 0.00% Added +9.4m +9,444,000
14 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 19,864,00019.9m $18.5m $18.5m 0.04% Reduced -9.2m -9,205,000
15 DLD Asset Management, LP 3.27% of their portfolio NEW YORK, NY 15,000,00015.0m $14.0m $14.0m 3.27% Added +3.5m +3,500,000
16 Lombard Odier Asset Management (USA) Corp 5.09% of their portfolio New York, NY 14,500,00014.5m $13.5m $13.5m 5.09% Added +7.0m +7,000,000
17 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 14,222,00014.2m $13.2m $13.2m 0.00% Added +8.7m +8,748,000
18 Jefferies Financial Group Inc. 0.23% of their portfolio NEW YORK, NY 12,839,00012.8m $11.9m $11.9m 0.23% Added +329.0k +329,000
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 12,518,00012.5m $11.3m $11.3m 0.00% Reduced -25.0m -25,036,000
20 Man Group plc 0.03% of their portfolio LONDON, X0 12,013,00012.0m $11.1m $11.1m 0.03% Added +1.4m +1,413,000
21 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 10,750,00010.8m $10.0m $10.0m 0.01% Unchanged
22 SSI INVESTMENT MANAGEMENT LLC 0.74% of their portfolio Los Angeles, CA 10,402,00010.4m $9.7m $9.7m 0.74% Reduced -1.4m -1,426,000
23 Amundi 0.00% of their portfolio Paris, I0 10,000,00010.0m $9.1m $9.1m 0.00% Unchanged
24 Zimmer Partners, LP 0.18% of their portfolio NEW YORK, NY 10,000,00010.0m $9.3m $9.3m 0.18% Unchanged
25 BlackRock Inc. 0.00% of their portfolio New York, NY 9,050,0009.1m $8.4m $8.4m 0.00% Added +300.0k +300,000
26 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 7,500,0007.5m $7.0m $7.0m 0.01% Reduced -4.5m -4,500,000
27 Hudson Bay Capital Management LP 0.05% of their portfolio STAMFORD, CT 7,500,0007.5m $7.0m $7.0m 0.05% Added +2.0m +2,000,000
28 BOOTHBAY FUND MANAGEMENT, LLC 0.18% of their portfolio NEW YORK, NY 6,331,0006.3m $5.9m $5.9m 0.18% Added +1.3m +1,289,000
29 ABSOLUTE INVESTMENT ADVISERS, LLC 0.85% of their portfolio ROSEMARY BEACH, FL 6,175,0006.2m $5.7m $5.7m 0.85% Reduced -2.0m -2,000,000
30 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 5,000,0005.0m $4.6m $4.6m 0.01% New
31 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 4,785,0004.8m $4.4m $4.4m 0.00% Reduced -1.5m -1,543,000
32 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 4,000,0004.0m $3.8m $3.8m 0.01% Unchanged
33 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 4,000,0004.0m $3.7m $3.7m 0.01% Reduced -4.0m -4,000,000
34 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 3,689,0003.7m $3.4m $3.4m 0.00% Reduced -811.0k -811,000
35 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,744,0002.7m $2.5m $2.5m 0.00% Reduced -2.6m -2,611,000
36 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,540,0002.5m $2.4m $2.4m 0.00% Added +2.3m +2,274,000
37 Mint Tower Capital Management B.V. 0.92% of their portfolio AMSTERDAM, P7 2,500,0002.5m $2.3m $2.3m 0.92% New
38 Fore Capital, LLC 2.82% of their portfolio New York, NY 2,000,0002.0m $1.9m $1.9m 2.82% Unchanged
39 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,850,0001.9m $1.7m $1.7m 0.00% Reduced -190.0k -190,000
40 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,788,0001.8m $1.7m $1.7m 0.00% Added +125.0k +125,000
41 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $927.8k $927.8k 0.00% Unchanged
42 Pentwater Capital Management LP 0.02% of their portfolio Naples, FL 1,000,0001.0m $924.9k $924.9k 0.02% Unchanged
43 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 873,000873.0k $815.0k $815.0k 0.00% Reduced -90.0k -90,000
44 Central Pacific Bank - Trust Division 0.06% of their portfolio HONOLULU, HI 517,000517.0k $480.4k $480.4k 0.06% Reduced -99.0k -99,000
45 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 470,000470.0k $438.8k $438.8k 0.01% Reduced -130.0k -130,000
46 AVIVA PLC 0.00% of their portfolio LONDON, X0 420,000420.0k $386.9k $386.9k 0.00% Added +100.0k +100,000
47 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 362,000362.0k $336.4k $336.4k 0.00% New
48 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $280.0k $280.0k 0.00% Unchanged
49 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 156,000156.0k $145.0k $145.0k 0.00% Reduced -92.0k -92,000
50 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 81,00081.0k $75.3k $75.3k 0.00% Unchanged
51 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 25,00025.0k $23.0k $23.0k 0.00% New
52 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 17,00017.0k $15.8k $15.8k 0.00% Unchanged
53 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 14,84214.8k $279.0k $279.0k 0.00% Reduced -437.1k -437,112
54 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 12,00012.0k $10.8k $10.8k 0.00% New
55 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 940940 $876.1k $876.1k 0.01% Reduced -260 -260
56 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged