Vault-13

SEA LTD SEALTD 2.375 12.01.25

NOTE 2.375%12/0 · US DOMESTIC · CUSIP 81141RAF7

59 institutional holders +8 vs Q1 2023
83,484,93483.5m shares reported held*
$1.0bnreported value*
11 new 20 added 11 reduced 4 sold out net sold ≈ $15.5m (+40.3m 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 ($14.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.34.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 45Q4 22: 49Q1 23: 51Q2 23: 5959Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202245
Q4 202249
Q1 202351
Q2 202359

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 20 bought or addedQ4 22: 18 cut or sold outQ4 22Q1 23: 26 bought or addedQ1 23: 19 cut or sold outQ1 23Q2 23: 31 bought or addedQ2 23: 15 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222018
Q1 20232619
Q2 20233115

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 22 calls: $0Q3 22 puts: $5.5mQ3 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: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$5.5m—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$0—

Biggest buyers

Balyasny Asset Management L.P. New +28,250,000+28.2m
MOORE CAPITAL MANAGEMENT, LP New +27,419,000+27.4m
DeepCurrents Investment Group LLC Added +22,000,000+22.0m
LAZARD ASSET MANAGEMENT LLC Added +13,224,000+13.2m
Lombard Odier Asset Management (Europe) Ltd Added +10,100,000+10.1m
Polar Capital Holdings Plc Added +7,500,000+7.5m
STATE STREET CORP Added +6,475,000+6.5m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. New +5,000,000+5.0m
BNP PARIBAS FINANCIAL MARKETS Added +4,634,000+4.6m
AVIVA PLC Added +4,500,000+4.5m

Biggest sellers

Capital World Investors Sold out -51,173,000-51.2m
CITADEL ADVISORS LLC Sold out -43,551,000-43.6m
BANK OF AMERICA CORP /DE/ Reduced -21,534,000-21.5m
Linden Advisors LP Reduced -13,950,000-13.9m
SOROS FUND MANAGEMENT LLC Reduced -10,500,000-10.5m
Calamos Advisors LLC Reduced -7,743,000-7.7m
LORD, ABBETT & CO. LLC Reduced -6,760,000-6.8m
SONA ASSET MANAGEMENT (US) LLC Reduced -2,725,000-2.7m
JPMORGAN CHASE & CO Reduced -1,784,000-1.8m
AXA S.A. Reduced -639,000-639.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 2.93% of their portfolio New York, NY 274,601,000274.6m $279.3m $279.3m 2.93% Reduced -13.9m -13,950,000
2 LAZARD ASSET MANAGEMENT LLC 0.16% of their portfolio NEW YORK, NY 128,750,000128.8m $131.6m $131.6m 0.16% Added +13.2m +13,224,000
3 SOROS FUND MANAGEMENT LLC 2.79% of their portfolio NEW YORK, NY 126,725,000126.7m $128.8m $128.8m 2.79% Reduced -10.5m -10,500,000
4 DeepCurrents Investment Group LLC 1.95% of their portfolio NEW YORK, NY 44,500,00044.5m $45.3m $45.3m 1.95% Added +22.0m +22,000,000
5 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 30,391,00030.4m $31.0m $31.0m 0.00% Added +6.5m +6,475,000
6 Aspex Management (HK) Ltd 0.89% of their portfolio CENTRAL, K3 30,000,00030.0m $30.4m $30.4m 0.89% Unchanged
7 Balyasny Asset Management L.P. 0.08% of their portfolio Chicago, IL 28,250,00028.2m $28.8m $28.8m 0.08% New
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 27,991,00028.0m $29.1m $29.1m 0.00% Reduced -1.8m -1,784,000
9 MOORE CAPITAL MANAGEMENT, LP 0.68% of their portfolio NEW YORK, NY 27,419,00027.4m $27.9m $27.9m 0.68% New
10 AVIVA PLC 0.09% of their portfolio LONDON, X0 22,000,00022.0m $22.2m $22.2m 0.09% Added +4.5m +4,500,000
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 21,866,00021.9m $22.2m $22.2m 0.00% Reduced -21.5m -21,534,000
12 BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio PARIS, I0 20,742,00020.7m $21.2m $21.2m 0.04% Added +4.6m +4,634,000
13 Marcho Partners LLP 4.54% of their portfolio LONDON, X0 18,000,00018.0m $18.4m $18.4m 4.54% Added +3.0m +3,000,000
14 Polar Capital Holdings Plc 0.12% of their portfolio London, X0 17,700,00017.7m $18.1m $18.1m 0.12% Added +7.5m +7,500,000
15 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 14,500,00014.5m $14.7m $14.7m 0.02% Added +965.0k +965,000
16 Calamos Advisors LLC 0.07% of their portfolio NAPERVILLE, IL 14,002,00014.0m $14.3m $14.3m 0.07% Reduced -7.7m -7,743,000
17 Lombard Odier Asset Management (Europe) Ltd 0.50% of their portfolio LONDON, X0 10,200,00010.2m $10.4m $10.4m 0.50% Added +10.1m +10,100,000
18 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 10,000,00010.0m $12.1m $12.1m 0.01% Unchanged
19 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 8,250,0008.2m $8.4m $8.4m 0.01% Added +1.8m +1,750,000
20 SSI INVESTMENT MANAGEMENT LLC 0.56% of their portfolio Los Angeles, CA 7,828,0007.8m $7.9m $7.9m 0.56% Unchanged
21 OAKTREE CAPITAL MANAGEMENT LP 0.11% of their portfolio LOS ANGELES, CA 7,780,0007.8m $8.0m $8.0m 0.11% Added +290.0k +290,000
22 Man Group plc 0.02% of their portfolio LONDON, X0 7,760,0007.8m $7.9m $7.9m 0.02% Added +200.0k +200,000
23 RWC Asset Management LLP 0.38% of their portfolio LONDON, X0 7,700,0007.7m $7.8m $7.8m 0.38% Unchanged
24 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 6,512,0006.5m $6.6m $6.6m 0.00% Added +336.0k +336,000
25 Amundi 0.00% of their portfolio Paris, I0 6,000,0006.0m $6.1m $6.1m 0.00% Unchanged
26 AXA S.A. 0.02% of their portfolio PARIS, I0 5,989,0006.0m $6.0m $6.0m 0.02% Reduced -639.0k -639,000
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,860,0005.9m $6.0m $6.0m 0.00% Reduced -535.0k -535,000
28 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 5,000,0005.0m $5.1m $5.1m 0.02% New
29 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,730,0004.7m $4.8m $4.8m 0.00% Added +736.0k +736,000
30 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 4,500,0004.5m $4.6m $4.6m 0.00% New
31 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 4,312,0004.3m $4.4m $4.4m 0.00% Added +1.1m +1,134,000
32 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 3,000,0003.0m $3.0m $3.0m 0.00% Added +1.0m +1,000,000
33 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 2,214,0002.2m $2.2m $2.2m 0.00% Reduced -600.0k -600,000
34 PUTNAM INVESTMENTS LLC 0.00% of their portfolio BOSTON, MA 1,897,0001.9m $1.9m $1.9m 0.00% Unchanged
35 ZAZOVE ASSOCIATES LLC 0.16% of their portfolio INCLINE VILLAGE, NV 1,700,0001.7m $1.7m $1.7m 0.16% New
36 ADVENT CAPITAL MANAGEMENT /DE/ 0.03% of their portfolio NEW YORK, NY 1,600,0001.6m $1.6m $1.6m 0.03% Unchanged
37 SONA ASSET MANAGEMENT (US) LLC 0.30% of their portfolio NEW YORK, NY 1,275,0001.3m $1.3m $1.3m 0.30% Reduced -2.7m -2,725,000
38 Liberty Mutual Group Asset Management Inc. 0.32% of their portfolio Boston, MA 1,225,0001.2m $1.2m $1.2m 0.32% Added +450.0k +450,000
39 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 1,100,0001.1m $1.1m $1.1m 0.00% Unchanged
40 EDMOND DE ROTHSCHILD HOLDING S.A. 0.02% of their portfolio CHAMBESY, V8 1,055,0001.1m $1.1m $1.1m 0.02% Unchanged
41 CQS (US), LLC 0.12% of their portfolio NEW YORK, NY 950,000950.0k $967.2k $967.2k 0.12% Unchanged
42 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 900,000900.0k $913.5k $913.5k 0.01% Unchanged
43 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 751,000751.0k $768.0k $768.0k 0.00% Unchanged
44 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 726,000726.0k $736.9k $736.9k 0.00% New
45 LORD, ABBETT & CO. LLC 0.00% of their portfolio JERSEY CITY, NJ 610,000610.0k $620.0k $620.0k 0.00% Reduced -6.8m -6,760,000
46 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 500,000500.0k $504.8k $504.8k 0.00% Reduced -150.0k -150,000
47 Cheyne Capital Management (UK) LLP 1.88% of their portfolio LONDON, X0 500,000500.0k $510.3k $510.3k 1.88% Not comparable
48 KBC Group NV 0.00% of their portfolio Brussels, C9 400,000400.0k $408.0k $408.0k 0.00% Unchanged
49 Paloma Partners Management Co 0.05% of their portfolio GREENWICH, CT 225,000225.0k $229.7k $229.7k 0.05% New
50 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 200,000200.0k $203.0k $203.0k 0.00% Unchanged
51 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 153,000153.0k $155.3k $155.3k 0.01% Unchanged
52 SG Americas Securities, LLC 0.04% of their portfolio NEW YORK, NY 46,30046.3k $4.8m $4.8m 0.04% Added +38.9k +38,860
53 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 36,93436.9k $2.1m $2.1m 0.00% New
54 Verition Fund Management LLC 0.43% of their portfolio GREENWICH, CT 26,72926.7k $27.3m $27.3m 0.43% Added +19.0k +18,989
55 Oaktree Fund Advisors, LLC 0.02% of their portfolio LOS ANGLES, CA 20,00020.0k $20.4k $20.4k 0.02% Added +10.0k +10,000
56 Boussard & Gavaudan Investment Management LLP 0.46% of their portfolio London, X0 4,6984.7k $4.8m $4.8m 0.46% New
57 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 2,0002.0k $2.0k $2.0k 0.00% New
58 NATIXIS 0.00% of their portfolio PARIS, I0 302302 $306.0k $306.0k 0.00% New
59 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged