Vault-13

NCL CORP LTD NCLH 1.125 02.15.27

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

62 institutional holders +3 vs Q3 2024
22,028,52622.0m shares reported held*
$1.2bnreported value*
11 new 18 added 14 reduced 10 sold out net sold ≈ $28.3m (-586.5k 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 ≈ $52.94.

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q4 22: 50Q1 23: 54Q2 23: 60Q3 23: 55Q4 23: 55Q1 24: 62Q2 24: 56Q3 24: 59Q4 24: 6262Q4 22Q2 23Q4 23Q2 24Q4 24
Numbers
QuarterHolders
Q4 202250
Q1 202354
Q2 202360
Q3 202355
Q4 202355
Q1 202462
Q2 202456
Q3 202459
Q4 202462

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 outQ2 23: 21 bought or addedQ2 23: 26 cut or sold outQ2 23Q3 23: 30 bought or addedQ3 23: 25 cut or sold outQ4 23: 19 bought or addedQ4 23: 18 cut or sold outQ4 23Q1 24: 27 bought or addedQ1 24: 20 cut or sold outQ2 24: 23 bought or addedQ2 24: 33 cut or sold outQ2 24Q3 24: 25 bought or addedQ3 24: 17 cut or sold outQ4 24: 29 bought or addedQ4 24: 24 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20232318
Q2 20232126
Q3 20233025
Q4 20231918
Q1 20242720
Q2 20242333
Q3 20242517
Q4 20242924

Biggest buyers

VOYA INVESTMENT MANAGEMENT LLC Added +40,500,000+40.5m
LORD, ABBETT & CO. LLC New +16,629,000+16.6m
FMR LLC New +13,640,000+13.6m
Jefferies Financial Group Inc. Added +9,764,000+9.8m
BANK OF MONTREAL /CAN/ Added +9,656,000+9.7m
ZAZOVE ASSOCIATES LLC Added +8,490,000+8.5m
Invesco Ltd. New +6,300,000+6.3m
Walleye Capital LLC New +5,000,000+5.0m
STATE STREET CORP Added +4,750,000+4.8m
SSI INVESTMENT MANAGEMENT LLC Added +4,688,000+4.7m

Biggest sellers

AQR Arbitrage LLC Reduced -33,777,000-33.8m
TWO SIGMA INVESTMENTS, LP Sold out -24,364,000-24.4m
Sculptor Capital LP Reduced -23,623,000-23.6m
LMR Partners LLP Reduced -20,000,000-20.0m
DLD Asset Management, LP Sold out -17,500,000-17.5m
Hudson Bay Capital Management LP Sold out -7,500,000-7.5m
Point72 Asset Management, L.P. Sold out -6,500,000-6.5m
CSS LLC/IL Sold out -6,000,000-6.0m
D. E. Shaw & Co., Inc. Sold out -5,916,000-5.9m
Kohlberg Kravis Roberts & Co. L.P. Reduced -5,460,000-5.5m

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.37% of their portfolio ATLANTA, GA 342,830,000342.8m $356.3m $356.3m 0.37% Added +40.5m +40,500,000
2 LAZARD ASSET MANAGEMENT LLC 0.20% of their portfolio NEW YORK, NY 130,225,000130.2m $135.4m $135.4m 0.20% Reduced -744.0k -744,000
3 Kohlberg Kravis Roberts & Co. L.P. 2.84% of their portfolio NEW YORK, NY 102,051,400102.1m $106.1m $106.1m 2.84% Reduced -5.5m -5,460,000
4 Calamos Advisors LLC 0.33% of their portfolio NAPERVILLE, IL 68,077,00068.1m $70.8m $70.8m 0.33% Reduced -272.0k -272,000
5 MacKay Shields LLC 1.38% of their portfolio New York, NY 45,148,00045.1m $46.9m $46.9m 1.38% Unchanged
6 Magnetar Financial LLC 0.94% of their portfolio EVANSTON, IL 39,397,00039.4m $40.9m $40.9m 0.94% Reduced -1.6m -1,603,000
7 ADVENT CAPITAL MANAGEMENT /DE/ 0.89% of their portfolio NEW YORK, NY 36,843,00036.8m $38.3m $38.3m 0.89% Reduced -807.0k -807,000
8 LMR Partners LLP 0.48% of their portfolio LONDON, X0 26,750,00026.8m $27.8m $27.8m 0.48% Reduced -20.0m -20,000,000
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 26,638,00026.6m $27.8m $27.8m 0.00% Added +4.8m +4,750,000
10 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 19,620,00019.6m $20.3m $20.3m 0.01% Added +9.7m +9,656,000
11 Jefferies Financial Group Inc. 0.21% of their portfolio NEW YORK, NY 18,283,00018.3m $19.0m $19.0m 0.21% Added +9.8m +9,764,000
12 LORD, ABBETT & CO. LLC 0.05% of their portfolio JERSEY CITY, NJ 16,629,00016.6m $17.2m $17.2m 0.05% New
13 SHENKMAN CAPITAL MANAGEMENT INC 1.47% of their portfolio NEW YORK, NY 15,478,00015.5m $16.7m $16.7m 1.47% Added +1.9m +1,940,000
14 SSI INVESTMENT MANAGEMENT LLC 1.15% of their portfolio Los Angeles, CA 14,840,00014.8m $15.4m $15.4m 1.15% Added +4.7m +4,688,000
15 Lombard Odier Asset Management (USA) Corp 5.80% of their portfolio New York, NY 14,500,00014.5m $15.1m $15.1m 5.80% Unchanged
16 FMR LLC 0.00% of their portfolio BOSTON, MA 13,640,00013.6m $14.1m $14.1m 0.00% New
17 Sculptor Capital LP 0.21% of their portfolio New York, NY 12,500,00012.5m $13.0m $13.0m 0.21% Reduced -23.6m -23,623,000
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 12,258,00012.3m $12.7m $12.7m 0.00% Added +850.0k +850,000
19 BlackRock, Inc. 0.00% of their portfolio New York, NY 11,900,00011.9m $12.3m $12.3m 0.00% Added +2.6m +2,650,000
20 OAKTREE CAPITAL MANAGEMENT LP 0.22% of their portfolio LOS ANGELES, CA 11,059,00011.1m $11.5m $11.5m 0.22% Added +3.8m +3,834,000
21 ZAZOVE ASSOCIATES LLC 1.10% of their portfolio INCLINE VILLAGE, NV 10,990,00011.0m $11.4m $11.4m 1.10% Added +8.5m +8,490,000
22 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 10,750,00010.8m $11.2m $11.2m 0.01% Unchanged
23 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,961,0009.0m $9.3m $9.3m 0.00% Reduced -3.3m -3,303,000
24 Mint Tower Capital Management B.V. 2.33% of their portfolio AMSTERDAM, P7 8,500,0008.5m $8.8m $8.8m 2.33% Added +4.5m +4,500,000
25 Amundi 0.00% of their portfolio Paris, I0 8,475,0008.5m $8.8m $8.8m 0.00% Added +1.8m +1,775,000
26 Man Group plc 0.02% of their portfolio LONDON, X0 7,836,0007.8m $8.1m $8.1m 0.02% Reduced -4.2m -4,177,000
27 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 7,501,0007.5m $7.8m $7.8m 0.00% Reduced -1.3m -1,300,000
28 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 6,300,0006.3m $6.5m $6.5m 0.00% New
29 ABSOLUTE INVESTMENT ADVISERS, LLC 0.83% of their portfolio ROSEMARY BEACH, FL 6,214,0006.2m $6.4m $6.4m 0.83% Added +11.0k +11,000
30 Zimmer Partners, LP 0.09% of their portfolio NEW YORK, NY 5,000,0005.0m $5.2m $5.2m 0.09% Reduced -5.0m -5,000,000
31 Walleye Capital LLC 0.05% of their portfolio NEW YORK, NY 5,000,0005.0m $5.2m $5.2m 0.05% New
32 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 5,000,0005.0m $5.2m $5.2m 0.01% Unchanged
33 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 4,785,0004.8m $5.0m $5.0m 0.00% Unchanged
34 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 4,267,0004.3m $4.4m $4.4m 0.01% First filing
35 Fort Baker Capital Management LP 0.68% of their portfolio Larkspur, CA 4,000,0004.0m $4.2m $4.2m 0.68% New
36 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 3,997,0004.0m $4.1m $4.1m 0.01% Unchanged
37 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,974,0004.0m $4.1m $4.1m 0.00% New
38 Union Bancaire Privee, UBP SA 0.05% of their portfolio GENEVA 1, V8 3,140,0003.1m $3.1m $3.1m 0.05% First filing
39 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 3,132,0003.1m $3.2m $3.2m 0.00% Added +1.2m +1,202,000
40 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,060,0003.1m $3.2m $3.2m 0.00% New
41 Fore Capital, LLC 3.85% of their portfolio New York, NY 3,000,0003.0m $3.1m $3.1m 3.85% Unchanged
42 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,000,0002.0m $2.1m $2.1m 0.00% Reduced -139.0k -139,000
43 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 1,753,0001.8m $1.8m $1.8m 0.00% New
44 Nicholas Investment Partners, LP 0.09% of their portfolio RANCHO SANTA FE, CA 1,000,0001.0m $1.0m $1.0m 0.09% New
45 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $1.0m $1.0m 0.00% Unchanged
46 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 873,000873.0k $911.8k $911.8k 0.00% Unchanged
47 Central Pacific Bank - Trust Division 0.11% of their portfolio HONOLULU, HI 845,000845.0k $874.6k $874.6k 0.11% Added +328.0k +328,000
48 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 470,000470.0k $490.5k $490.5k 0.01% Unchanged
49 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 373,526373.5k $9.6m $9.6m 0.01% New
50 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 362,000362.0k $374.7k $374.7k 0.00% Unchanged
51 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $312.0k $312.0k 0.00% Unchanged
52 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 244,000244.0k $252.5k $252.5k 0.01% Added +88.0k +88,000
53 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 120,000120.0k $124.7k $124.7k 0.00% Reduced -33.8m -33,777,000
54 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 102,000102.0k $105.6k $105.6k 0.00% Unchanged
55 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 32,00032.0k $33.1k $33.1k 0.00% New
56 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 30,00030.0k $31.2k $31.2k 0.00% Reduced -3.0k -3,000
57 Oaktree Fund Advisors, LLC 0.04% of their portfolio LOS ANGLES, CA 25,00025.0k $26.0k $26.0k 0.04% Unchanged
58 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 19,00019.0k $19.7k $19.7k 0.00% Added +3.0k +3,000
59 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 17,00017.0k $17.6k $17.6k 0.00% Unchanged
60 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 14,00014.0k $14.5k $14.5k 0.00% Added +2.0k +2,000
61 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 940940 $977.8k $977.8k 0.01% Unchanged
62 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged