Vault-13

SEA LTD SEALTD 0.25 09.15.26

NOTE 0.250% 9/1 · GLOBAL · CUSIP 81141RAG5

73 institutional holders +2 vs Q4 2022
61,698,50061.7m shares reported held*
$1.5bnreported value*
9 new 21 added 23 reduced 7 sold out net bought ≈ $10.5m (-10.8m 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 ($5.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $23.88.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 74Q4 22: 71Q1 23: 7373Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202274
Q4 202271
Q1 202373

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 22: 18 bought or addedQ4 22: 48 cut or sold outQ4 22Q1 23: 30 bought or addedQ1 23: 30 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221848
Q1 20233030

Biggest buyers

STEELHEAD PARTNERS LLC Added +36,320,000+36.3m
Paloma Partners Management Co Added +35,930,000+35.9m
Linden Advisors LP Added +34,324,000+34.3m
HBK INVESTMENTS L P New +30,655,000+30.7m
WOLVERINE ASSET MANAGEMENT LLC New +21,932,000+21.9m
Segantii Capital Management Ltd New +17,500,000+17.5m
SONA ASSET MANAGEMENT (US) LLC Added +13,500,000+13.5m
OAKTREE CAPITAL MANAGEMENT LP Added +10,092,000+10.1m
JANE STREET GROUP, LLC New +7,025,000+7.0m
Aequim Alternative Investments LP New +7,000,000+7.0m

Biggest sellers

KING STREET CAPITAL MANAGEMENT, L.P. Sold out -101,000,000-101.0m
Allianz Asset Management GmbH Sold out -24,000,000-24.0m
Aequim Alternative Investments LP Sold out -19,500,000-19.5m
Verition Fund Management LLC Reduced -15,983,520-16.0m
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -11,655,000-11.7m
Point72 Asset Management, L.P. Reduced -11,350,000-11.3m
Centiva Capital, LP Sold out -10,000,000-10.0m
STATE STREET CORP Reduced -9,700,000-9.7m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Reduced -8,500,000-8.5m
WELLS FARGO & COMPANY/MN Reduced -8,300,000-8.3m

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.16% of their portfolio ATLANTA, GA 192,525,000192.5m $151.8m $151.8m 0.16% Reduced -1.0m -1,000,000
2 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.72% of their portfolio SAN FRANCISCO, CA 150,000,000150.0m $118.7m $118.7m 0.72% Unchanged
3 SOROS FUND MANAGEMENT LLC 2.03% of their portfolio NEW YORK, NY 134,511,000134.5m $106.9m $106.9m 2.03% Reduced -8.0m -8,000,000
4 Calamos Advisors LLC 0.49% of their portfolio NAPERVILLE, IL 124,098,000124.1m $98.1m $98.1m 0.49% Reduced -203.0k -203,000
5 Linden Advisors LP 1.02% of their portfolio New York, NY 122,324,000122.3m $96.9m $96.9m 1.02% Added +34.3m +34,324,000
6 LAZARD ASSET MANAGEMENT LLC 0.10% of their portfolio NEW YORK, NY 100,847,000100.8m $79.5m $79.5m 0.10% Added +1.0m +1,000,000
7 MARSHALL WACE, LLP 0.15% of their portfolio LONDON, X0 75,000,00075.0m $59.3m $59.3m 0.15% Added +4.0m +4,000,000
8 STEELHEAD PARTNERS LLC 3.54% of their portfolio SEATTLE, WA 68,820,00068.8m $54.4m $54.4m 3.54% Added +36.3m +36,320,000
9 Paloma Partners Management Co 11.51% of their portfolio GREENWICH, CT 66,081,00066.1m $52.2m $52.2m 11.51% Added +35.9m +35,930,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 55,210,00055.2m $43.5m $43.5m 0.00% Reduced -9.7m -9,700,000
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 45,476,00045.5m $35.9m $35.9m 0.00% Reduced -859.0k -859,000
12 Lombard Odier Asset Management (Europe) Ltd 1.78% of their portfolio LONDON, X0 43,863,00043.9m $34.3m $34.3m 1.78% Reduced -900.0k -900,000
13 DAVIDSON KEMPNER PARTNERS 0.83% of their portfolio New York, NY 42,500,00042.5m $33.3m $33.3m 0.83% First filing
14 Davidson Kempner Capital Management LP 0.69% of their portfolio New York, NY 42,500,00042.5m $33.3m $33.3m 0.69% Reduced -4.0m -4,000,000
15 OAKTREE CAPITAL MANAGEMENT LP 0.37% of their portfolio LOS ANGELES, CA 41,673,00041.7m $32.9m $32.9m 0.37% Added +10.1m +10,092,000
16 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 36,000,00036.0m $28.3m $28.3m 0.01% Added +3.0m +3,000,000
17 LORD, ABBETT & CO. LLC 0.05% of their portfolio JERSEY CITY, NJ 33,031,00033.0m $26.0m $26.0m 0.05% Added +4.3m +4,301,000
18 LORD, ABBETT & CO. LLC 0.05% of their portfolio JERSEY CITY, NJ 33,031,00033.0m $26.0m $26.0m 0.05% Added +4.3m +4,301,000
19 HBK INVESTMENTS L P 0.88% of their portfolio DALLAS, TX 30,655,00030.7m $24.3m $24.3m 0.88% New
20 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 27,128,00027.1m $21.3m $21.3m 0.00% Added +1.1m +1,070,000
21 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 25,787,00025.8m $20.4m $20.4m 0.01% Reduced -8.3m -8,300,000
22 SONA ASSET MANAGEMENT (US) LLC 4.08% of their portfolio NEW YORK, NY 24,000,00024.0m $19.0m $19.0m 4.08% Added +13.5m +13,500,000
23 WOLVERINE ASSET MANAGEMENT LLC 0.31% of their portfolio CHICAGO, IL 21,932,00021.9m $17.3m $17.3m 0.31% New
24 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 20,000,00020.0m $15.8m $15.8m 0.01% Unchanged
25 QVT Financial LP 0.93% of their portfolio New York, NY 20,000,00020.0m $15.8m $15.8m 0.93% Added +2.4m +2,400,000
26 AQR Arbitrage LLC 0.48% of their portfolio Greenwich, CT 19,750,00019.8m $15.6m $15.6m 0.48% Reduced -3.9m -3,875,000
27 Segantii Capital Management Ltd 0.62% of their portfolio HONG KONG, K3 17,500,00017.5m $13.8m $13.8m 0.62% New
28 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 15,550,00015.6m $12.2m $12.2m 0.02% Unchanged
29 CAPSTONE INVESTMENT ADVISORS, LLC 0.35% of their portfolio NEW YORK, NY 14,500,00014.5m $11.4m $11.4m 0.35% Reduced -1.5m -1,500,000
30 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 12,200,00012.2m $9.7m $9.7m 0.02% Added +1.7m +1,700,000
31 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio Paris, I0 10,500,00010.5m $8.2m $8.2m 0.03% Reduced -8.5m -8,500,000
32 ONTARIO TEACHERS PENSION PLAN BOARD 0.08% of their portfolio Toronto, A6 10,000,00010.0m $7.9m $7.9m 0.08% Unchanged
33 JONES ROAD CAPITAL MANAGEMENT, L.P. 7.28% of their portfolio NEW YORK, NY 10,000,00010.0m $7.9m $7.9m 7.28% Unchanged
34 WT Asset Management Ltd 2.66% of their portfolio HONG KONG, K3 9,258,0009.3m $7.3m $7.3m 2.66% Unchanged
35 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 7,025,0007.0m $5.6m $5.6m 0.01% New
36 Aequim Alternative Investments LP 0.18% of their portfolio MILL VALLEY, CA 7,000,0007.0m $5.5m $5.5m 0.18% New
37 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 6,095,0006.1m $4.8m $4.8m 0.00% Reduced -4.3m -4,330,000
38 Jefferies Financial Group Inc. 0.10% of their portfolio NEW YORK, NY 5,838,6675.8m $4.6m $4.6m 0.10% Added +5.0m +4,994,000
39 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 5,500,0005.5m $4.4m $4.4m 0.02% Reduced -11.3m -11,350,000
40 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 5,390,0005.4m $4.2m $4.2m 0.00% Unchanged
41 Ovata Capital Management Ltd 1.75% of their portfolio HONG KONG, K3 5,200,0005.2m $4.1m $4.1m 1.75% Added +3.0m +3,000,000
42 Weiss Asset Management LP 0.31% of their portfolio BOSTON, MA 5,000,0005.0m $4.0m $4.0m 0.31% New
43 Parallax Volatility Advisers, L.P. 0.14% of their portfolio San Francisco, CA 5,000,0005.0m $3.9m $3.9m 0.14% Unchanged
44 UG Investment Advisers Ltd. 2.86% of their portfolio SINGAPORE, U0 5,000,0005.0m $3.9m $3.9m 2.86% Unchanged
45 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,740,0004.7m $3.7m $3.7m 0.00% Added +940.0k +940,000
46 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 4,050,0004.0m $3.1m $3.1m 0.00% Reduced -4.0m -4,000,000
47 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 3,750,0003.8m $2.9m $2.9m 0.00% Added +2.2m +2,250,000
48 ADVENT CAPITAL MANAGEMENT /DE/ 0.05% of their portfolio NEW YORK, NY 3,592,0003.6m $2.8m $2.8m 0.05% Unchanged
49 FLOSSBACH VON STORCH SE 0.01% of their portfolio COLOGNE, 2M 3,200,0003.2m $2.5m $2.5m 0.01% Reduced -2.4m -2,400,000
50 Central Asset Investments & Management Holdings (HK) Ltd 2.52% of their portfolio HONG KONG, K3 3,000,0003.0m $2.4m $2.4m 2.52% Unchanged
51 Polar Capital Holdings Plc 0.02% of their portfolio London, X0 3,000,0003.0m $2.4m $2.4m 0.02% New
52 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 2,000,0002.0m $1.6m $1.6m 0.01% Unchanged
53 PALISADE CAPITAL MANAGEMENT, LP 0.04% of their portfolio FORT LEE, NJ 1,820,0001.8m $1.4m $1.4m 0.04% Reduced -180.0k -180,000
54 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,753,0001.8m $1.4m $1.4m 0.00% New
55 Liberty Mutual Group Asset Management Inc. 0.30% of their portfolio Boston, MA 1,679,0001.7m $1.3m $1.3m 0.30% Unchanged
56 DeepCurrents Investment Group LLC 0.05% of their portfolio NEW YORK, NY 1,500,0001.5m $1.2m $1.2m 0.05% New
57 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 1,395,0001.4m $1.1m $1.1m 0.00% Reduced -11.7m -11,655,000
58 Amundi 0.00% of their portfolio Paris, I0 1,115,0001.1m $876.4k $876.4k 0.00% Reduced -680.0k -680,000
59 CQS (US), LLC 0.10% of their portfolio NEW YORK, NY 1,000,0001.0m $791.9k $791.9k 0.10% Reduced -350.0k -350,000
60 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 920,000920.0k $726.0k $726.0k 0.00% Unchanged
61 PUTNAM INVESTMENTS LLC 0.00% of their portfolio BOSTON, MA 322,000322.0k $252.3k $252.3k 0.00% Reduced -163.0k -163,000
62 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 300,000300.0k $235.1k $235.1k 0.00% Reduced -62.0k -62,000
63 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 292,000292.0k $230.4k $230.4k 0.00% Added +163.0k +163,000
64 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 257,000257.0k $201.4k $201.4k 0.00% Unchanged
65 Calamos Wealth Management LLC 0.02% of their portfolio NAPERVILLE, IL 246,000246.0k $194.4k $194.4k 0.02% Reduced -11.0k -11,000
66 ZAZOVE ASSOCIATES LLC 0.02% of their portfolio INCLINE VILLAGE, NV 220,000220.0k $174.0k $174.0k 0.02% Unchanged
67 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 190,000190.0k $149.8k $149.8k 0.00% Unchanged
68 Oaktree Fund Advisors, LLC 0.11% of their portfolio LOS ANGLES, CA 145,000145.0k $114.3k $114.3k 0.11% Added +111.0k +111,000
69 Context Capital Management, LLC 2.34% of their portfolio LAJOLLA, CA 35,27535.3k $27.8m $27.8m 2.34% Added +8.3k +8,275
70 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 21,50021.5k $17.0m $17.0m 0.02% Added +18.0k +18,000
71 Verition Fund Management LLC 0.21% of their portfolio GREENWICH, CT 16,48016.5k $13.0m $13.0m 0.21% Reduced -16.0m -15,983,520
72 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,0006.0k $4.7k $4.7k 0.00% Unchanged
73 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged