Vault-13

SEA LTD SEALTD 2.375 12.01.25

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

0 institutional holders -30 vs Q3 2025
—reported value*
0 new 0 added 0 reduced 30 sold out net sold ≈ $2.0bn (-177.1m 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.

Trends to Q4 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: 55Q2 25: 46Q3 25: 30Q4 25: 00Q3 22Q2 23Q1 24Q4 24Q4 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
Q2 202546
Q3 202530
Q4 20250

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 24: 23 bought or addedQ1 24: 19 cut or sold outQ2 24: 22 bought or addedQ2 24: 18 cut or sold outQ2 24Q3 24: 28 bought or addedQ3 24: 19 cut or sold outQ4 24: 29 bought or addedQ4 24: 21 cut or sold outQ4 24Q1 25: 27 bought or addedQ1 25: 36 cut or sold outQ2 25: 18 bought or addedQ2 25: 32 cut or sold outQ2 25Q3 25: 12 bought or addedQ3 25: 31 cut or sold outQ4 25: 0 bought or addedQ4 25: 30 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242319
Q2 20242218
Q3 20242819
Q4 20242921
Q1 20252736
Q2 20251832
Q3 20251231
Q4 2025030

Biggest buyers

None

Biggest sellers

D. E. Shaw & Co., Inc. Sold out -168,904,000-168.9m
Elequin Capital, LP Sold out -147,007,000-147.0m
MILLENNIUM MANAGEMENT LLC Sold out -129,602,000-129.6m
TWO SIGMA INVESTMENTS, LP Sold out -110,411,000-110.4m
WOLVERINE ASSET MANAGEMENT LLC Sold out -100,135,000-100.1m
Sculptor Capital LP Sold out -100,000,000-100.0m
DeepCurrents Investment Group LLC Sold out -85,206,000-85.2m
Aspex Management (HK) Ltd Sold out -30,000,000-30.0m
STATE STREET CORP Sold out -23,468,000-23.5m
LAZARD ASSET MANAGEMENT LLC Sold out -22,249,000-22.2m

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change