Vault-13

SEA LTD SEALTD 2.375 12.01.25

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

55 institutional holders -4 vs Q4 2024
30,228,04430.2m shares reported held*
$1.7bnreported value*
13 new 14 added 20 reduced 16 sold out net bought ≈ $12.9m (-5.6m 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. Holder counts are more reliable. Implied quarter-end price ≈ $55.97.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 45Q4 22: 49Q1 23: 51Q2 23: 59Q3 23: 46Q4 23: 47Q1 24: 39Q2 24: 46Q3 24: 55Q4 24: 59Q1 25: 5555Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202245
Q4 202249
Q1 202351
Q2 202359
Q3 202346
Q4 202347
Q1 202439
Q2 202446
Q3 202455
Q4 202459
Q1 202555

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 23: 31 bought or addedQ2 23: 15 cut or sold outQ3 23: 25 bought or addedQ3 23: 29 cut or sold outQ3 23Q4 23: 19 bought or addedQ4 23: 20 cut or sold outQ1 24: 23 bought or addedQ1 24: 19 cut or sold outQ1 24Q2 24: 22 bought or addedQ2 24: 18 cut or sold outQ3 24: 28 bought or addedQ3 24: 19 cut or sold outQ3 24Q4 24: 29 bought or addedQ4 24: 21 cut or sold outQ1 25: 27 bought or addedQ1 25: 36 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20233115
Q3 20232529
Q4 20231920
Q1 20242319
Q2 20242218
Q3 20242819
Q4 20242921
Q1 20252736

Biggest buyers

LMR Partners LLP New +50,000,000+50.0m
MILLENNIUM MANAGEMENT LLC Added +48,500,000+48.5m
Sculptor Capital LP Added +42,500,000+42.5m
TWO SIGMA INVESTMENTS, LP Added +35,096,000+35.1m
ARISTEIA CAPITAL, L.L.C. New +21,000,000+21.0m
VOYA INVESTMENT MANAGEMENT LLC Added +19,240,000+19.2m
LAZARD ASSET MANAGEMENT LLC Added +16,666,000+16.7m
Mint Tower Capital Management B.V. New +9,900,000+9.9m
PRICE T ROWE ASSOCIATES INC /MD/ New +9,170,000+9.2m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +8,350,000+8.3m

Biggest sellers

SONA ASSET MANAGEMENT (US) LLC Sold out -85,000,000-85.0m
Balyasny Asset Management L.P. Sold out -54,500,000-54.5m
Magnetar Financial LLC Reduced -31,295,000-31.3m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -20,000,000-20.0m
Point72 Asset Management, L.P. Sold out -20,000,000-20.0m
AQR Arbitrage LLC Sold out -16,300,000-16.3m
Verition Fund Management LLC Sold out -15,000,000-15.0m
WOLVERINE ASSET MANAGEMENT LLC Reduced -6,250,000-6.2m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Reduced -4,500,000-4.5m
Paloma Partners Management Co Sold out -4,250,000-4.2m

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MILLENNIUM MANAGEMENT LLC 0.22% of their portfolio NEW YORK, NY 155,000,000155.0m $228.4m $228.4m 0.22% Added +48.5m +48,500,000
2 WOLVERINE ASSET MANAGEMENT LLC 2.88% of their portfolio CHICAGO, IL 100,182,000100.2m $147.7m $147.7m 2.88% Reduced -6.2m -6,250,000
3 D. E. Shaw & Co., Inc. 0.17% of their portfolio New York, NY 95,279,00095.3m $140.5m $140.5m 0.17% Added +4.8m +4,750,000
4 DeepCurrents Investment Group LLC 4.36% of their portfolio NEW YORK, NY 85,206,00085.2m $125.6m $125.6m 4.36% Unchanged
5 Sculptor Capital LP 2.56% of their portfolio New York, NY 77,500,00077.5m $114.1m $114.1m 2.56% Added +42.5m +42,500,000
6 LAZARD ASSET MANAGEMENT LLC 0.17% of their portfolio NEW YORK, NY 75,351,00075.4m $111.1m $111.1m 0.17% Added +16.7m +16,666,000
7 VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio ATLANTA, GA 56,140,00056.1m $82.8m $82.8m 0.05% Added +19.2m +19,240,000
8 WHITEBOX ADVISORS LLC 2.72% of their portfolio MINNEAPOLIS, MN 56,095,00056.1m $82.6m $82.6m 2.72% Reduced -2.5m -2,500,000
9 BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio PARIS, I0 54,541,00054.5m $80.3m $80.3m 0.06% First filing
10 LMR Partners LLP 1.48% of their portfolio LONDON, X0 50,000,00050.0m $73.4m $73.4m 1.48% New
11 TWO SIGMA INVESTMENTS, LP 0.15% of their portfolio NEW YORK, NY 47,596,00047.6m $70.1m $70.1m 0.15% Added +35.1m +35,096,000
12 Aspex Management (HK) Ltd 1.14% of their portfolio CENTRAL, K3 30,000,00030.0m $44.0m $44.0m 1.14% Unchanged
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 22,891,00022.9m $33.8m $33.8m 0.00% Reduced -3.9m -3,900,000
14 ARISTEIA CAPITAL, L.L.C. 0.96% of their portfolio GREENWICH, CT 21,000,00021.0m $31.0m $31.0m 0.96% New
15 TENOR CAPITAL MANAGEMENT Co., L.P. 0.42% of their portfolio NEW YORK, NY 20,000,00020.0m $29.6m $29.6m 0.42% Added +8.3m +8,350,000
16 LORD, ABBETT & CO. LLC 0.09% of their portfolio JERSEY CITY, NJ 17,801,00017.8m $26.2m $26.2m 0.09% Reduced -2.1m -2,095,000
17 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.00% of their portfolio NEW YORK, NY 15,500,00015.5m $22.6m $22.6m 1.00% Reduced -20.0m -20,000,000
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 12,968,00013.0m $19.1m $19.1m 0.00% Added +5.0m +4,959,000
19 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 11,819,00011.8m $17.5m $17.5m 0.00% Added +2.7m +2,735,000
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 10,941,00010.9m $15.9m $15.9m 0.00% Added +61.0k +61,000
21 Magnetar Financial LLC 0.20% of their portfolio EVANSTON, IL 10,411,00010.4m $15.3m $15.3m 0.20% Reduced -31.3m -31,295,000
22 Mint Tower Capital Management B.V. 5.30% of their portfolio AMSTERDAM, P7 9,900,0009.9m $14.3m $14.3m 5.30% New
23 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 9,170,0009.2m $13.5m $13.5m 0.00% New
24 Warberg Asset Management LLC 3.23% of their portfolio WINNETKA, IL 8,000,0008.0m $11.8m $11.8m 3.23% Added +3.7m +3,731,000
25 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 6,899,0006.9m $10.0m $10.0m 0.00% New
26 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 6,276,0006.3m $9.2m $9.2m 0.01% Reduced -925.0k -925,000
27 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 6,052,0006.1m $8.9m $8.9m 0.02% New
28 Brevan Howard Capital Management LP 0.25% of their portfolio ST. HELIER, Y9 6,000,0006.0m $8.7m $8.7m 0.25% Reduced -1.0m -1,000,000
29 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,000,0005.0m $7.3m $7.3m 0.00% Reduced -2.1m -2,090,000
30 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 4,000,0004.0m $5.9m $5.9m 0.01% New
31 Walleye Capital LLC 0.07% of their portfolio NEW YORK, NY 4,000,0004.0m $5.9m $5.9m 0.07% Reduced -2.0m -2,000,000
32 Amundi 0.00% of their portfolio Paris, I0 2,740,0002.7m $3.7m $3.7m 0.00% Reduced -2.4m -2,400,000
33 SSI INVESTMENT MANAGEMENT LLC 0.30% of their portfolio Los Angeles, CA 2,637,0002.6m $3.9m $3.9m 0.30% Reduced -198.0k -198,000
34 CSS LLC/IL 0.26% of their portfolio CHICAGO, IL 2,500,0002.5m $3.7m $3.7m 0.26% New
35 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,000,0002.0m $2.9m $2.9m 0.00% Reduced -4.5m -4,500,000
36 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,802,0001.8m $2.7m $2.7m 0.00% Reduced -750.0k -750,000
37 AXA S.A. 0.01% of their portfolio PARIS, I0 1,550,0001.6m $2.2m $2.2m 0.01% New
38 SHENKMAN CAPITAL MANAGEMENT INC 0.17% of their portfolio NEW YORK, NY 1,102,0001.1m $1.6m $1.6m 0.17% New
39 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,100,0001.1m $1.6m $1.6m 0.01% Added +250.0k +250,000
40 ZAZOVE ASSOCIATES LLC 0.11% of their portfolio INCLINE VILLAGE, NV 870,000870.0k $1.3m $1.3m 0.11% Unchanged
41 Union Bancaire Privee, UBP SA 0.02% of their portfolio GENEVA 1, V8 575,000575.0k $806.4k $806.4k 0.02% Reduced -75.0k -75,000
42 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 284,000284.0k $419.0k $419.0k 0.01% New
43 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 250,000250.0k $368.6k $368.6k 0.00% Reduced -219.0k -219,000
44 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 219,000219.0k $322.4k $322.4k 0.00% Reduced -1.8m -1,811,000
45 SG Americas Securities, LLC 0.11% of their portfolio NEW YORK, NY 213,050213.1k $31.2m $31.2m 0.11% Unchanged
46 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 198,000198.0k $288.4k $288.4k 0.00% Added +135.0k +135,000
47 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 173,000173.0k $256.1k $256.1k 0.00% Reduced -250.0k -250,000
48 LOOMIS SAYLES & CO L P 0.03% of their portfolio BOSTON, MA 172,479172.5k $22.5m $22.5m 0.03% Added +90.9k +90,883
49 Central Pacific Bank - Trust Division 0.03% of their portfolio HONOLULU, HI 152,000152.0k $223.7k $223.7k 0.03% Unchanged
50 Pinpoint Asset Management Ltd 0.01% of their portfolio HONG KONG, K3 55,00055.0k $81.0k $81.0k 0.01% Unchanged
51 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 13,00013.0k $19.2k $19.2k 0.00% New
52 Context Capital Management, LLC 0.14% of their portfolio LAJOLLA, CA 2,5002.5k $3.7m $3.7m 0.14% Reduced -5.0k -5,000
53 ODDO BHF ASSET MANAGEMENT SAS 0.03% of their portfolio PARIS, I0 565565 $827.5k $827.5k 0.03% Reduced -125 -125
54 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged
55 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% New