Vault-13

SEA LTD SEALTD 2.375 12.01.25

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

46 institutional holders +7 vs Q1 2024
31,282,00031.3m shares reported held*
$1.1bnreported value*
9 new 13 added 16 reduced 2 sold out net sold ≈ $45.9m

* 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 ($22.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $35.63.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 45Q4 22: 49Q1 23: 51Q2 23: 59Q3 23: 46Q4 23: 47Q1 24: 39Q2 24: 4646Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202245
Q4 202249
Q1 202351
Q2 202359
Q3 202346
Q4 202347
Q1 202439
Q2 202446

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 outQ2 23: 31 bought or addedQ2 23: 15 cut or sold outQ2 23Q3 23: 25 bought or addedQ3 23: 29 cut or sold outQ4 23: 19 bought or addedQ4 23: 20 cut or sold outQ4 23Q1 24: 23 bought or addedQ1 24: 19 cut or sold outQ2 24: 22 bought or addedQ2 24: 18 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222018
Q1 20232619
Q2 20233115
Q3 20232529
Q4 20231920
Q1 20242319
Q2 20242218

Biggest buyers

VOYA INVESTMENT MANAGEMENT LLC New +37,000,000+37.0m
WHITEBOX ADVISORS LLC New +21,000,000+21.0m
Lombard Odier Asset Management (Europe) Ltd Added +11,800,000+11.8m
Point72 Asset Management, L.P. New +10,000,000+10.0m
BNP PARIBAS FINANCIAL MARKETS Added +9,851,000+9.9m
LAZARD ASSET MANAGEMENT LLC Added +7,772,000+7.8m
WOLVERINE ASSET MANAGEMENT LLC Added +7,000,000+7.0m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Added +6,500,000+6.5m
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +5,500,000+5.5m
SONA ASSET MANAGEMENT (US) LLC Added +5,500,000+5.5m

Biggest sellers

MILLENNIUM MANAGEMENT LLC Reduced -69,000,000-69.0m
Verition Fund Management LLC Reduced -34,788,000-34.8m
D. E. Shaw & Co., Inc. Reduced -16,000,000-16.0m
Balyasny Asset Management L.P. Reduced -11,250,000-11.2m
MORGAN STANLEY Reduced -10,740,000-10.7m
QVT Financial LP Sold out -10,000,000-10.0m
WELLS FARGO & COMPANY/MN Reduced -6,500,000-6.5m
CITIGROUP INC Reduced -5,396,000-5.4m
Linden Advisors LP Reduced -4,358,000-4.4m
DeepCurrents Investment Group LLC Reduced -2,500,000-2.5m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 2.58% of their portfolio New York, NY 288,643,000288.6m $309.3m $309.3m 2.58% Reduced -4.4m -4,358,000
2 WOLVERINE ASSET MANAGEMENT LLC 2.13% of their portfolio CHICAGO, IL 105,432,000105.4m $113.1m $113.1m 2.13% Added +7.0m +7,000,000
3 D. E. Shaw & Co., Inc. 0.11% of their portfolio New York, NY 72,500,00072.5m $77.7m $77.7m 0.11% Reduced -16.0m -16,000,000
4 SONA ASSET MANAGEMENT (US) LLC 5.78% of their portfolio NEW YORK, NY 66,000,00066.0m $70.9m $70.9m 5.78% Added +5.5m +5,500,000
5 DeepCurrents Investment Group LLC 2.44% of their portfolio NEW YORK, NY 56,706,00056.7m $60.7m $60.7m 2.44% Reduced -2.5m -2,500,000
6 LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 54,459,00054.5m $58.3m $58.3m 0.07% Added +7.8m +7,772,000
7 VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ATLANTA, GA 37,000,00037.0m $39.6m $39.6m 0.04% New
8 Balyasny Asset Management L.P. 0.10% of their portfolio Chicago, IL 35,000,00035.0m $37.5m $37.5m 0.10% Reduced -11.2m -11,250,000
9 Verition Fund Management LLC 0.28% of their portfolio GREENWICH, CT 33,869,00033.9m $36.3m $36.3m 0.28% Reduced -34.8m -34,788,000
10 Aspex Management (HK) Ltd 0.68% of their portfolio CENTRAL, K3 30,000,00030.0m $32.0m $32.0m 0.68% Unchanged
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 24,391,00024.4m $26.2m $26.2m 0.00% Reduced -350.0k -350,000
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 22,560,00022.6m $24.0m $24.0m 0.00% Reduced -1.3m -1,264,000
13 WHITEBOX ADVISORS LLC 0.90% of their portfolio MINNEAPOLIS, MN 21,000,00021.0m $22.4m $22.4m 0.90% New
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 20,445,00020.4m $21.8m $21.8m 0.00% Reduced -10.7m -10,740,000
15 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 19,500,00019.5m $20.8m $20.8m 0.02% Reduced -69.0m -69,000,000
16 Lombard Odier Asset Management (Europe) Ltd 0.83% of their portfolio LONDON, X0 15,800,00015.8m $17.0m $17.0m 0.83% Added +11.8m +11,800,000
17 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 12,480,00012.5m $13.3m $13.3m 0.01% Added +9.9m +9,851,000
18 Brevan Howard Capital Management LP 0.62% of their portfolio ST. HELIER, Y9 10,000,00010.0m $9.4m $9.4m 0.62% Unchanged
19 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 10,000,00010.0m $10.7m $10.7m 0.03% New
20 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 7,929,0007.9m $8.5m $8.5m 0.00% Added +20.0k +20,000
21 Magnetar Financial LLC 0.17% of their portfolio EVANSTON, IL 7,506,0007.5m $8.0m $8.0m 0.17% Unchanged
22 Amundi 0.00% of their portfolio Paris, I0 7,000,0007.0m $7.5m $7.5m 0.00% Reduced -1.0m -1,000,000
23 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 7,000,0007.0m $7.5m $7.5m 0.01% Added +6.5m +6,500,000
24 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 6,000,0006.0m $6.4m $6.4m 0.01% Added +1.5m +1,500,000
25 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 5,750,0005.8m $6.2m $6.2m 0.03% Reduced -1.0m -1,045,000
26 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5,736,0005.7m $6.1m $6.1m 0.00% Added +1.1m +1,065,000
27 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 5,500,0005.5m $5.9m $5.9m 0.01% New
28 RWC Asset Management LLP 0.38% of their portfolio LONDON, X0 5,000,0005.0m $5.4m $5.4m 0.38% Added +1.2m +1,200,000
29 Man Group plc 0.01% of their portfolio LONDON, X0 4,840,0004.8m $5.2m $5.2m 0.01% Added +1.3m +1,300,000
30 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,425,0004.4m $4.8m $4.8m 0.00% New
31 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,665,0003.7m $3.9m $3.9m 0.00% Reduced -5.4m -5,396,000
32 Paloma Partners Management Co 0.32% of their portfolio GREENWICH, CT 3,480,0003.5m $3.7m $3.7m 0.32% Reduced -150.0k -150,000
33 ZAZOVE ASSOCIATES LLC 0.18% of their portfolio INCLINE VILLAGE, NV 2,940,0002.9m $3.2m $3.2m 0.18% Added +300.0k +300,000
34 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,163,0002.2m $2.3m $2.3m 0.00% Reduced -6.5m -6,500,000
35 EDMOND DE ROTHSCHILD HOLDING S.A. 0.02% of their portfolio CHAMBESY, V8 1,235,0001.2m $1.3m $1.3m 0.02% Reduced -50.0k -50,000
36 Liberty Mutual Group Asset Management Inc. 0.19% of their portfolio Boston, MA 1,225,0001.2m $1.3m $1.3m 0.19% Unchanged
37 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,216,0001.2m $1.3m $1.3m 0.00% Added +50.0k +50,000
38 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 700,000700.0k $748.0k $748.0k 0.00% New
39 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 469,000469.0k $502.3k $502.3k 0.00% Unchanged
40 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 423,000423.0k $455.2k $455.2k 0.00% New
41 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $324.0k $324.0k 0.00% New
42 SG Americas Securities, LLC 0.14% of their portfolio NEW YORK, NY 213,050213.1k $22.7m $22.7m 0.14% Reduced -16.2k -16,190
43 Pinpoint Asset Management Ltd 0.01% of their portfolio HONG KONG, K3 55,00055.0k $59.1k $59.1k 0.01% Unchanged
44 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 50,00050.0k $54.2k $54.2k 0.00% New
45 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 2,0002.0k $2.1k $2.1k 0.00% Unchanged
46 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged