Vault-13

ROYAL CARIBBEAN GROUP RCL 6 08.15.25

NOTE 6.000% 8/1 · US DOMESTIC · CUSIP 780153BQ4

61 institutional holders +2 vs Q3 2023
31,252,54031.3m shares reported held*
$2.9bnreported value*
12 new 17 added 22 reduced 9 sold out net sold ≈ $6.5m (+8.6m 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 ($5.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $93.40.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 23: 59Q4 23: 6161Q3 23Q4 23
Numbers
QuarterHolders
Q3 202359
Q4 202361

Biggest buyers

III Capital Management Added +41,938,000+41.9m
D. E. Shaw & Co., Inc. Added +32,000,000+32.0m
SONA ASSET MANAGEMENT (US) LLC New +30,000,000+30.0m
LORD, ABBETT & CO. LLC Added +18,206,000+18.2m
VOYA INVESTMENT MANAGEMENT LLC Added +18,000,000+18.0m
WHITEBOX ADVISORS LLC Added +8,800,000+8.8m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +7,990,000+8.0m
Calamos Advisors LLC Added +7,689,000+7.7m
Skaana Management L.P. Added +5,560,000+5.6m
FMR LLC Added +3,840,000+3.8m

Biggest sellers

WOLVERINE ASSET MANAGEMENT LLC Sold out -33,795,000-33.8m
MOORE CAPITAL MANAGEMENT, LP Sold out -25,450,000-25.4m
Graham Capital Management, L.P. Sold out -22,000,000-22.0m
GOLDMAN SACHS GROUP INC Reduced -17,500,000-17.5m
LORD, ABBETT & CO. LLC Sold out -10,740,000-10.7m
DLD Asset Management, LP Reduced -8,800,000-8.8m
MILLENNIUM MANAGEMENT LLC Reduced -7,771,000-7.8m
MacKay Shields LLC Reduced -7,480,000-7.5m
LAZARD ASSET MANAGEMENT LLC Reduced -7,022,000-7.0m
BANK OF MONTREAL /CAN/ Sold out -6,866,000-6.9m

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 D. E. Shaw & Co., Inc. 0.61% of their portfolio New York, NY 159,500,000159.5m $425.1m $425.1m 0.61% Added +32.0m +32,000,000
2 Hudson Bay Capital Management LP 2.60% of their portfolio STAMFORD, CT 111,450,000111.5m $297.0m $297.0m 2.60% Unchanged
3 Linden Advisors LP 2.19% of their portfolio New York, NY 86,400,00086.4m $230.2m $230.2m 2.19% Unchanged
4 TWO SIGMA INVESTMENTS, LP 0.53% of their portfolio NEW YORK, NY 82,198,00082.2m $218.8m $218.8m 0.53% Unchanged
5 WHITEBOX ADVISORS LLC 9.57% of their portfolio MINNEAPOLIS, MN 81,050,00081.0m $215.8m $215.8m 9.57% Added +8.8m +8,800,000
6 III Capital Management 8.77% of their portfolio BOCA RATON, FL 56,938,00056.9m $151.7m $151.7m 8.77% Added +41.9m +41,938,000
7 CSS LLC/IL 10.42% of their portfolio CHICAGO, IL 50,150,00050.1m $133.6m $133.6m 10.42% Reduced -5.0m -5,000,000
8 Calamos Advisors LLC 0.57% of their portfolio NAPERVILLE, IL 41,693,00041.7m $111.1m $111.1m 0.57% Added +7.7m +7,689,000
9 Sculptor Capital LP 2.71% of their portfolio New York, NY 40,497,00040.5m $107.9m $107.9m 2.71% Reduced -1.0m -1,000,000
10 MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 30,389,00030.4m $81.0m $81.0m 0.08% Reduced -7.8m -7,771,000
11 Opti Capital Management, LP 6.04% of their portfolio New York, NY 30,000,00030.0m $79.9m $79.9m 6.04% Unchanged
12 SONA ASSET MANAGEMENT (US) LLC 7.37% of their portfolio NEW YORK, NY 30,000,00030.0m $79.9m $79.9m 7.37% New
13 LORD, ABBETT & CO. LLC 0.14% of their portfolio JERSEY CITY, NJ 28,946,00028.9m $77.1m $77.1m 0.14% Added +18.2m +18,206,000
14 VOYA INVESTMENT MANAGEMENT LLC 0.07% of their portfolio ATLANTA, GA 26,655,00026.7m $71.1m $71.1m 0.07% Added +18.0m +18,000,000
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 24,693,00024.7m $66.2m $66.2m 0.00% Reduced -5.5m -5,450,000
16 DLD Asset Management, LP 10.34% of their portfolio NEW YORK, NY 24,165,00024.2m $64.5m $64.5m 10.34% Reduced -8.8m -8,800,000
17 Mint Tower Capital Management B.V. 17.60% of their portfolio AMSTERDAM, P7 21,500,00021.5m $57.0m $57.0m 17.60% Added +2.5m +2,500,000
18 TENOR CAPITAL MANAGEMENT Co., L.P. 0.98% of their portfolio NEW YORK, NY 20,500,00020.5m $55.1m $55.1m 0.98% Added +500.0k +500,000
19 FMR LLC 0.00% of their portfolio BOSTON, MA 15,665,00015.7m $41.7m $41.7m 0.00% Added +3.8m +3,840,000
20 LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 14,052,00014.1m $37.5m $37.5m 0.05% Reduced -7.0m -7,022,000
21 Alberta Investment Management Corp 0.32% of their portfolio EDMONTON, A0 12,500,00012.5m $33.6m $33.6m 0.32% Unchanged
22 Skaana Management L.P. 7.18% of their portfolio BROOKLYN, NY 11,560,00011.6m $30.8m $30.8m 7.18% Added +5.6m +5,560,000
23 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 9,272,0009.3m $24.7m $24.7m 0.04% Added +8.0m +7,990,000
24 ADVENT CAPITAL MANAGEMENT /DE/ 0.55% of their portfolio NEW YORK, NY 8,877,0008.9m $23.7m $23.7m 0.55% Reduced -2.3m -2,264,000
25 BlackRock Inc. 0.00% of their portfolio New York, NY 8,325,0008.3m $22.2m $22.2m 0.00% Added +600.0k +600,000
26 Flow State Investments, L.P. 7.24% of their portfolio CHICAGO, IL 8,000,0008.0m $21.3m $21.3m 7.24% Added +2.0m +2,000,000
27 MacKay Shields LLC 0.61% of their portfolio New York, NY 7,855,0007.9m $20.9m $20.9m 0.61% Reduced -7.5m -7,480,000
28 BOOTHBAY FUND MANAGEMENT, LLC 0.60% of their portfolio NEW YORK, NY 6,544,0006.5m $17.4m $17.4m 0.60% Reduced -5.0m -4,956,000
29 SSI INVESTMENT MANAGEMENT LLC 1.23% of their portfolio Los Angeles, CA 6,118,0006.1m $16.3m $16.3m 1.23% Reduced -1.8m -1,841,000
30 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 4,387,0004.4m $11.6m $11.6m 0.00% Added +3.0m +2,975,000
31 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 4,285,0004.3m $11.4m $11.4m 0.00% Reduced -17.5m -17,500,000
32 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 4,200,0004.2m $11.2m $11.2m 0.00% Added +675.0k +675,000
33 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 4,041,0004.0m $10.8m $10.8m 0.00% Reduced -6.0m -5,999,000
34 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 3,491,0003.5m $9.3m $9.3m 0.00% New
35 Worth Venture Partners, LLC 4.51% of their portfolio FORT LEE, NJ 3,118,0003.1m $8.3m $8.3m 4.51% Reduced -776.0k -776,000
36 Paloma Partners Management Co 0.93% of their portfolio GREENWICH, CT 2,100,0002.1m $5.6m $5.6m 0.93% New
37 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 1,998,0002.0m $5.3m $5.3m 0.01% Reduced -943.0k -943,000
38 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,190,0001.2m $3.2m $3.2m 0.00% Reduced -407.0k -407,000
39 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 1,000,0001.0m $1.0m $1.0m 0.00% New
40 KORNITZER CAPITAL MANAGEMENT INC /KS 0.05% of their portfolio SHAWNEE MISSION, KS 1,000,0001.0m $2.7m $2.7m 0.05% Unchanged
41 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 1,000,0001.0m $2.7m $2.7m 0.02% Reduced -500.0k -500,000
42 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 982,000982.0k $2.6m $2.6m 0.00% New
43 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 725,000725.0k $1.9m $1.9m 0.00% Added +127.0k +127,000
44 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 653,000653.0k $1.8m $1.8m 0.00% Reduced -546.0k -546,000
45 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 450,000450.0k $1.2m $1.2m 0.01% Unchanged
46 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 450,000450.0k $1.2m $1.2m 0.00% Reduced -3.2m -3,250,000
47 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 277,000277.0k $738.8k $738.8k 0.00% Added +162.0k +162,000
48 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 215,000215.0k $566.8k $566.8k 0.01% New
49 Liberty Mutual Group Asset Management Inc. 0.13% of their portfolio Boston, MA 175,000175.0k $465.9k $465.9k 0.13% Reduced -150.0k -150,000
50 Capital World Investors 0.00% of their portfolio LOS ANGELES, CA 152,000152.0k $405.4k $405.4k 0.00% Unchanged
51 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 121,000121.0k $322.1k $322.1k 0.01% New
52 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 86,00086.0k $229.2k $229.2k 0.01% New
53 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 65,00065.0k $173.0k $173.0k 0.00% Unchanged
54 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 45,00045.0k $119.8k $119.8k 0.00% Reduced -255.0k -255,000
55 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 25,06625.1k $3.2m $3.2m 0.00% Reduced -12.0k -11,975
56 Virtus Investment Advisers, LLC 0.04% of their portfolio HARTFORD, CT 22,00022.0k $58.6k $58.6k 0.04% New
57 SG Americas Securities, LLC 0.06% of their portfolio NEW YORK, NY 20,00020.0k $5.4m $5.4m 0.06% Reduced -17.0k -17,000
58 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 15,00015.0k $39.9k $39.9k 0.00% New
59 Triton Wealth Management, PLLC 0.51% of their portfolio SUN CITY, AZ 6,4746.5k $774.6k $774.6k 0.51% New
60 Alken Asset Management Ltd 5.36% of their portfolio LONDON, X0 600600 $1.6m $1.6m 5.36% New
61 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged