Vault-13

ROYAL CARIBBEAN GROUP RCL 6 08.15.25

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

46 institutional holders -1 vs Q3 2024
816,734816.7k shares reported held*
$1.4bnreported value*
2 new 8 added 22 reduced 4 sold out net bought ≈ $138.8m (-6.6m 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 ($10.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1686.30.

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 23: 59Q4 23: 61Q1 24: 64Q2 24: 69Q3 24: 47Q4 24: 4646Q3 23Q4 23Q1 24Q2 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202359
Q4 202361
Q1 202464
Q2 202469
Q3 202447
Q4 202446

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 23: 29 bought or addedQ4 23: 31 cut or sold outQ4 23Q1 24: 24 bought or addedQ1 24: 28 cut or sold outQ1 24Q2 24: 30 bought or addedQ2 24: 28 cut or sold outQ2 24Q3 24: 10 bought or addedQ3 24: 46 cut or sold outQ3 24Q4 24: 10 bought or addedQ4 24: 26 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q4 20232931
Q1 20242428
Q2 20243028
Q3 20241046
Q4 20241026

Biggest buyers

Hudson Bay Capital Management LP Added +53,253,000+53.3m
BNP PARIBAS FINANCIAL MARKETS Added +6,135,000+6.1m
LORD, ABBETT & CO. LLC New +4,002,000+4.0m
AQR Arbitrage LLC Added +2,000,000+2.0m
WELLS FARGO & COMPANY/MN Added +940,000+940.0k
BlackRock, Inc. Added +550,000+550.0k
STATE STREET CORP Added +520,000+520.0k
MORGAN STANLEY Added +388,000+388.0k
FMR LLC Added +270,000+270.0k
JPMORGAN CHASE & CO New +6,000+6.0k

Biggest sellers

SONA ASSET MANAGEMENT (US) LLC Reduced -10,000,000-10.0m
Skaana Management L.P. Reduced -7,905,000-7.9m
LORD, ABBETT & CO. LLC Sold out -6,395,000-6.4m
Daiwa Securities Group Inc. Reduced -3,000,000-3.0m
Flow State Investments, L.P. Sold out -2,500,000-2.5m
SSI INVESTMENT MANAGEMENT LLC Reduced -1,530,000-1.5m
VOYA INVESTMENT MANAGEMENT LLC Reduced -1,500,000-1.5m
BANK OF AMERICA CORP /DE/ Reduced -1,106,300-1.1m
Paloma Partners Management Co Reduced -1,091,000-1.1m
BARCLAYS PLC Reduced -615,000-615.0k

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Hudson Bay Capital Management LP 3.49% of their portfolio STAMFORD, CT 124,686,000124.7m $577.8m $577.8m 3.49% Added +53.3m +53,253,000
2 SONA ASSET MANAGEMENT (US) LLC 11.23% of their portfolio NEW YORK, NY 47,057,00047.1m $218.0m $218.0m 11.23% Reduced -10.0m -10,000,000
3 Alberta Investment Management Corp 0.39% of their portfolio EDMONTON, A0 12,500,00012.5m $58.4m $58.4m 0.39% Unchanged
4 Calamos Advisors LLC 0.24% of their portfolio NAPERVILLE, IL 11,386,00011.4m $52.9m $52.9m 0.24% Reduced -230.0k -230,000
5 Skaana Management L.P. 14.80% of their portfolio BROOKLYN, NY 10,000,00010.0m $46.3m $46.3m 14.80% Reduced -7.9m -7,905,000
6 LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 8,528,0008.5m $39.5m $39.5m 0.06% Reduced -410.0k -410,000
7 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 8,435,0008.4m $39.1m $39.1m 0.03% Added +6.1m +6,135,000
8 VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ATLANTA, GA 8,005,0008.0m $37.1m $37.1m 0.04% Reduced -1.5m -1,500,000
9 MacKay Shields LLC 1.07% of their portfolio New York, NY 7,825,0007.8m $36.3m $36.3m 1.07% Unchanged
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,213,0007.2m $33.7m $33.7m 0.00% Added +520.0k +520,000
11 Daiwa Securities Group Inc. 0.15% of their portfolio CHIYODA-KU,TOKYO, M0 7,000,0007.0m $32.5m $32.5m 0.15% Reduced -3.0m -3,000,000
12 Warberg Asset Management LLC 7.31% of their portfolio WINNETKA, IL 5,709,0005.7m $26.5m $26.5m 7.31% Reduced -463.0k -463,000
13 FMR LLC 0.00% of their portfolio BOSTON, MA 4,367,0004.4m $20.2m $20.2m 0.00% Added +270.0k +270,000
14 LORD, ABBETT & CO. LLC 0.06% of their portfolio JERSEY CITY, NJ 4,002,0004.0m $18.5m $18.5m 0.06% New
15 SSI INVESTMENT MANAGEMENT LLC 1.17% of their portfolio Los Angeles, CA 3,395,0003.4m $15.7m $15.7m 1.17% Reduced -1.5m -1,530,000
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,277,0003.3m $15.2m $15.2m 0.00% Added +550.0k +550,000
17 AQR Arbitrage LLC 0.33% of their portfolio Greenwich, CT 3,000,0003.0m $13.9m $13.9m 0.33% Added +2.0m +2,000,000
18 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 2,177,0002.2m $10.1m $10.1m 0.00% Unchanged
19 Paloma Partners Management Co 0.58% of their portfolio GREENWICH, CT 1,882,0001.9m $8.8m $8.8m 0.58% Reduced -1.1m -1,091,000
20 KORNITZER CAPITAL MANAGEMENT INC /KS 0.09% of their portfolio SHAWNEE MISSION, KS 1,000,0001.0m $4.6m $4.6m 0.09% Unchanged
21 WESTWOOD HOLDINGS GROUP INC 0.04% of their portfolio DALLAS, TX 1,000,0001.0m $4.7m $4.7m 0.04% Unchanged
22 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 990,000990.0k $4.6m $4.6m 0.00% Added +940.0k +940,000
23 ADVENT CAPITAL MANAGEMENT /DE/ 0.11% of their portfolio NEW YORK, NY 983,000983.0k $4.6m $4.6m 0.11% Reduced -240.0k -240,000
24 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 550,000550.0k $2.5m $2.5m 0.01% Reduced -250.0k -250,000
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 395,000395.0k $1.8m $1.8m 0.00% Added +388.0k +388,000
26 Police & Firemen's Retirement System of New Jersey 0.02% of their portfolio TRENTON, NJ 395,000395.0k $1.8m $1.8m 0.02% First filing
27 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 350,000350.0k $1.6m $1.6m 0.00% Unchanged
28 Calamos Wealth Management LLC 0.04% of their portfolio NAPERVILLE, IL 186,000186.0k $864.4k $864.4k 0.04% Reduced -14.0k -14,000
29 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 158,000158.0k $732.5k $732.5k 0.00% Reduced -6.0k -6,000
30 Capital World Investors 0.00% of their portfolio LOS ANGELES, CA 152,000152.0k $704.7k $704.7k 0.00% Unchanged
31 Central Pacific Bank - Trust Division 0.07% of their portfolio HONOLULU, HI 122,000122.0k $565.1k $565.1k 0.07% Reduced -41.0k -41,000
32 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 101,000101.0k $471.6k $471.6k 0.00% Unchanged
33 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 65,00065.0k $301.1k $301.1k 0.00% Unchanged
34 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 60,00060.0k $279.9k $279.9k 0.00% Reduced -448.0k -448,000
35 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 36,00036.0k $166.8k $166.8k 0.01% Reduced -11.0k -11,000
36 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 33,00033.0k $153.0k $153.0k 0.00% Reduced -615.0k -615,000
37 Virtus Investment Advisers, LLC 0.08% of their portfolio HARTFORD, CT 22,00022.0k $101.9k $101.9k 0.08% Reduced -8.0k -8,000
38 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 14,00014.0k $64.8k $64.8k 0.00% First filing
39 Squarepoint Ops LLC 0.15% of their portfolio NEW YORK, NY 12,50012.5k $58.4m $58.4m 0.15% Reduced -9.0k -9,000
40 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 9,3609.4k $2.2m $2.2m 0.00% Reduced -196.1k -196,065
41 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,0006.0k $27.8k $27.8k 0.00% New
42 Triton Wealth Management, PLLC 0.67% of their portfolio SUN CITY, AZ 5,7345.7k $1.3m $1.3m 0.67% Reduced -300 -300
43 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,6004.6k $21.3k $21.3k 0.00% Reduced -1.1m -1,106,300
44 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,0003.0k $13.9k $13.9k 0.00% Unchanged
45 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0001.0k $4.6k $4.6k 0.00% Unchanged
46 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged