Vault-13

SABRE GLBL INC SABHLD 4 04.15.25

NOTE 4.000% 4/1 · US DOMESTIC · CUSIP 78573NAE2

33 institutional holders +3 vs Q1 2023
4,885,0004.9m shares reported held*
$263.3mreported value*
8 new 7 added 8 reduced 5 sold out net sold ≈ $5.2m (-2.0m 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 ≈ $53.91. Options: 0 managers hold calls (— notional), 1 hold puts ($3.9m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 28Q4 22: 30Q1 23: 30Q2 23: 3333Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202228
Q4 202230
Q1 202330
Q2 202333

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 12 bought or addedQ4 22: 10 cut or sold outQ4 22Q1 23: 16 bought or addedQ1 23: 13 cut or sold outQ1 23Q2 23: 15 bought or addedQ2 23: 13 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221210
Q1 20231613
Q2 20231513

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3m$4mQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $3.9mQ2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$3.9m—

Biggest buyers

Balyasny Asset Management L.P. New +14,000,000+14.0m
III Capital Management New +5,000,000+5.0m
LMR Partners LLP Added +4,088,000+4.1m
Point72 Asset Management, L.P. New +4,000,000+4.0m
SHENKMAN CAPITAL MANAGEMENT INC Added +3,596,000+3.6m
SSI INVESTMENT MANAGEMENT LLC New +2,294,000+2.3m
LORD, ABBETT & CO. LLC Added +1,500,000+1.5m
LORD, ABBETT & CO. LLC Added +1,500,000+1.5m
PENN DAVIS MCFARLAND INC New +1,150,000+1.1m
Nuveen Asset Management, LLC New +700,000+700.0k

Biggest sellers

Shaolin Capital Management LLC Sold out -14,500,000-14.5m
BANK OF AMERICA CORP /DE/ Sold out -7,802,000-7.8m
CITADEL ADVISORS LLC Reduced -5,500,000-5.5m
Sculptor Capital LP Reduced -5,000,000-5.0m
ROYAL BANK OF CANADA Sold out -4,292,000-4.3m
Fort Baker Capital Management LP Reduced -2,500,000-2.5m
WELLS FARGO & COMPANY/MN Reduced -2,094,000-2.1m
Jefferies Financial Group Inc. Sold out -1,500,000-1.5m
PUTNAM INVESTMENTS LLC Sold out -1,088,000-1.1m
Walleye Capital LLC Reduced -1,000,000-1.0m

Biggest calls

None

Biggest puts

Shaolin Capital Management LLC New $3.9m5.0m shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 OAK HILL ADVISORS LP 6.15% of their portfolio New York, NY 96,148,00096.1m $75.1m $75.1m 6.15% Unchanged
2 LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 58,290,00058.3m $46.1m $46.1m 0.06% Unchanged
3 LMR Partners LLP 0.71% of their portfolio LONDON, X0 40,388,00040.4m $31.4m $31.4m 0.71% Added +4.1m +4,088,000
4 Sculptor Capital LP 0.79% of their portfolio New York, NY 38,901,00038.9m $30.2m $30.2m 0.79% Reduced -5.0m -5,000,000
5 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 31,485,00031.5m $24.7m $24.7m 0.04% Unchanged
6 Balyasny Asset Management L.P. 0.03% of their portfolio Chicago, IL 14,000,00014.0m $11.0m $11.0m 0.03% New
7 SHENKMAN CAPITAL MANAGEMENT INC 0.55% of their portfolio NEW YORK, NY 8,884,0008.9m $7.1m $7.1m 0.55% Added +3.6m +3,596,000
8 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 8,500,0008.5m $6.6m $6.6m 0.01% Reduced -5.5m -5,500,000
9 REDWOOD CAPITAL MANAGEMENT, LLC 0.57% of their portfolio New York, NY 5,000,0005.0m $3.9m $3.9m 0.57% Unchanged
10 III Capital Management 0.30% of their portfolio BOCA RATON, FL 5,000,0005.0m $3.9m $3.9m 0.30% New
11 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 4,000,0004.0m $3.1m $3.1m 0.01% New
12 MacKay Shields LLC 0.07% of their portfolio New York, NY 3,165,0003.2m $2.5m $2.5m 0.07% Reduced -10.0k -10,000
13 Whitefort Capital Management, LP 2.19% of their portfolio NEW YORK, NY 3,000,0003.0m $2.3m $2.3m 2.19% Unchanged
14 LORD, ABBETT & CO. LLC 0.00% of their portfolio JERSEY CITY, NJ 2,500,0002.5m $2.0m $2.0m 0.00% Added +1.5m +1,500,000
15 LORD, ABBETT & CO. LLC 0.00% of their portfolio JERSEY CITY, NJ 2,500,0002.5m $2.0m $2.0m 0.00% Added +1.5m +1,500,000
16 SSI INVESTMENT MANAGEMENT LLC 0.12% of their portfolio Los Angeles, CA 2,294,0002.3m $1.8m $1.8m 0.12% New
17 BlackRock Inc. 0.00% of their portfolio New York, NY 2,288,0002.3m $1.8m $1.8m 0.00% Added +400.0k +400,000
18 Fort Baker Capital Management LP 0.25% of their portfolio Larkspur, CA 2,250,0002.2m $1.8m $1.8m 0.25% Reduced -2.5m -2,500,000
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,697,0001.7m $1.3m $1.3m 0.00% Added +327.0k +327,000
20 PENN DAVIS MCFARLAND INC 0.16% of their portfolio DALLAS, TX 1,150,0001.1m $883.1k $883.1k 0.16% New
21 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 1,000,0001.0m $790.9k $790.9k 0.01% Reduced -1.0m -1,000,000
22 PERRY CREEK CAPITAL LP 0.25% of their portfolio New York, NY 1,000,0001.0m $777.5k $777.5k 0.25% Unchanged
23 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 754,000754.0k $586.7k $586.7k 0.00% Reduced -2.1m -2,094,000
24 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 700,000700.0k $544.7k $544.7k 0.00% New
25 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 550,000550.0k $630.0k $630.0k 0.00% Reduced -250.0k -250,000
26 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 236,000236.0k $183.5k $183.5k 0.01% New
27 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 199,000199.0k $155.4k $155.4k 0.00% Added +10.0k +10,000
28 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 100,000100.0k $77.9k $77.9k 0.00% New
29 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 98,00098.0k $76.3k $76.3k 0.00% Reduced -10.0k -10,000
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 88,00088.0k $68.7k $68.7k 0.00% Unchanged
31 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 25,00025.0k $19.5k $19.5k 0.00% Unchanged
32 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 10,00010.0k $8.0k $8.0k 0.00% Unchanged
33 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged