Vault-13

SEA LTD SEALTD 0.25 09.15.26

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

64 institutional holders -9 vs Q1 2023
44,165,00044.2m shares reported held*
$1.5bnreported value*
3 new 14 added 20 reduced 12 sold out net bought ≈ $17.8m (-18.2m 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 ($3.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $33.11.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 74Q4 22: 71Q1 23: 73Q2 23: 6464Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202274
Q4 202271
Q1 202373
Q2 202364

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 23Q2 23: 17 bought or addedQ2 23: 32 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221848
Q1 20233030
Q2 20231732

Biggest buyers

SOROS FUND MANAGEMENT LLC Added +66,000,000+66.0m
STEELHEAD PARTNERS LLC Added +36,180,000+36.2m
MILLENNIUM MANAGEMENT LLC New +28,000,000+28.0m
Paloma Partners Management Co Added +22,000,000+22.0m
Linden Advisors LP Added +11,500,000+11.5m
Centiva Capital, LP New +10,500,000+10.5m
D. E. Shaw & Co., Inc. Added +10,000,000+10.0m
LAZARD ASSET MANAGEMENT LLC Added +7,512,000+7.5m
JPMORGAN CHASE & CO Added +5,121,000+5.1m
MORGAN STANLEY Added +3,762,000+3.8m

Biggest sellers

WOLVERINE ASSET MANAGEMENT LLC Sold out -21,932,000-21.9m
OAKTREE CAPITAL MANAGEMENT LP Reduced -17,506,000-17.5m
Segantii Capital Management Ltd Sold out -17,500,000-17.5m
MARSHALL WACE, LLP Reduced -12,500,000-12.5m
Davidson Kempner Capital Management LP Reduced -12,500,000-12.5m
Lombard Odier Asset Management (Europe) Ltd Reduced -11,470,000-11.5m
HBK INVESTMENTS L P Reduced -10,655,000-10.7m
ONTARIO TEACHERS PENSION PLAN BOARD Sold out -10,000,000-10.0m
WELLS FARGO & COMPANY/MN Reduced -9,791,000-9.8m
JANE STREET GROUP, LLC Sold out -7,025,000-7.0m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SOROS FUND MANAGEMENT LLC 3.51% of their portfolio NEW YORK, NY 200,511,000200.5m $161.7m $161.7m 3.51% Added +66.0m +66,000,000
2 VOYA INVESTMENT MANAGEMENT LLC 0.16% of their portfolio ATLANTA, GA 192,525,000192.5m $155.5m $155.5m 0.16% Unchanged
3 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.72% of their portfolio SAN FRANCISCO, CA 150,000,000150.0m $120.9m $120.9m 0.72% Unchanged
4 Linden Advisors LP 1.13% of their portfolio New York, NY 133,824,000133.8m $107.6m $107.6m 1.13% Added +11.5m +11,500,000
5 Calamos Advisors LLC 0.51% of their portfolio NAPERVILLE, IL 123,747,000123.7m $99.3m $99.3m 0.51% Reduced -351.0k -351,000
6 LAZARD ASSET MANAGEMENT LLC 0.11% of their portfolio NEW YORK, NY 108,359,000108.4m $87.5m $87.5m 0.11% Added +7.5m +7,512,000
7 STEELHEAD PARTNERS LLC 5.34% of their portfolio SEATTLE, WA 105,000,000105.0m $84.3m $84.3m 5.34% Added +36.2m +36,180,000
8 Paloma Partners Management Co 16.41% of their portfolio GREENWICH, CT 88,081,00088.1m $71.0m $71.0m 16.41% Added +22.0m +22,000,000
9 MARSHALL WACE, LLP 0.11% of their portfolio LONDON, X0 62,500,00062.5m $50.2m $50.2m 0.11% Reduced -12.5m -12,500,000
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 50,597,00050.6m $40.7m $40.7m 0.00% Added +5.1m +5,121,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 50,310,00050.3m $40.3m $40.3m 0.00% Reduced -4.9m -4,900,000
12 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% Unchanged
13 Lombard Odier Asset Management (Europe) Ltd 1.25% of their portfolio LONDON, X0 32,393,00032.4m $26.0m $26.0m 1.25% Reduced -11.5m -11,470,000
14 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 30,066,00030.1m $24.3m $24.3m 0.04% Reduced -3.0m -2,965,000
15 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 30,066,00030.1m $24.3m $24.3m 0.04% Reduced -3.0m -2,965,000
16 Davidson Kempner Capital Management LP 0.51% of their portfolio New York, NY 30,000,00030.0m $24.1m $24.1m 0.51% Reduced -12.5m -12,500,000
17 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 29,728,00029.7m $23.9m $23.9m 0.00% Added +2.6m +2,600,000
18 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 28,000,00028.0m $22.5m $22.5m 0.02% New
19 SONA ASSET MANAGEMENT (US) LLC 4.80% of their portfolio NEW YORK, NY 25,500,00025.5m $20.5m $20.5m 4.80% Added +1.5m +1,500,000
20 OAKTREE CAPITAL MANAGEMENT LP 0.26% of their portfolio LOS ANGELES, CA 24,167,00024.2m $19.5m $19.5m 0.26% Reduced -17.5m -17,506,000
21 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 22,200,00022.2m $17.8m $17.8m 0.03% Added +10.0m +10,000,000
22 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 20,000,00020.0m $16.1m $16.1m 0.01% Unchanged
23 HBK INVESTMENTS L P 0.51% of their portfolio DALLAS, TX 20,000,00020.0m $16.1m $16.1m 0.51% Reduced -10.7m -10,655,000
24 QVT Financial LP 0.94% of their portfolio New York, NY 20,000,00020.0m $16.1m $16.1m 0.94% Unchanged
25 AQR Arbitrage LLC 0.68% of their portfolio Greenwich, CT 19,550,00019.6m $15.8m $15.8m 0.68% Reduced -200.0k -200,000
26 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 15,996,00016.0m $12.9m $12.9m 0.00% Reduced -9.8m -9,791,000
27 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 15,550,00015.6m $12.4m $12.4m 0.02% Unchanged
28 CAPSTONE INVESTMENT ADVISORS, LLC 0.27% of their portfolio NEW YORK, NY 11,500,00011.5m $9.3m $9.3m 0.27% Reduced -3.0m -3,000,000
29 Centiva Capital, LP 0.43% of their portfolio New York, NY 10,500,00010.5m $8.5m $8.5m 0.43% New
30 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio Paris, I0 10,500,00010.5m $8.4m $8.4m 0.03% Unchanged
31 JONES ROAD CAPITAL MANAGEMENT, L.P. 7.72% of their portfolio NEW YORK, NY 10,000,00010.0m $8.1m $8.1m 7.72% Unchanged
32 WT Asset Management Ltd 2.27% of their portfolio HONG KONG, K3 9,258,0009.3m $7.4m $7.4m 2.27% Unchanged
33 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 8,502,0008.5m $6.8m $6.8m 0.00% Added +3.8m +3,762,000
34 Parallax Volatility Advisers, L.P. 0.22% of their portfolio San Francisco, CA 8,000,0008.0m $6.4m $6.4m 0.22% Added +3.0m +3,000,000
35 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 5,390,0005.4m $4.3m $4.3m 0.00% Unchanged
36 UG Investment Advisers Ltd. 2.15% of their portfolio SINGAPORE, U0 5,000,0005.0m $4.0m $4.0m 2.15% Unchanged
37 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 3,750,0003.8m $3.0m $3.0m 0.00% Unchanged
38 ADVENT CAPITAL MANAGEMENT /DE/ 0.06% of their portfolio NEW YORK, NY 3,592,0003.6m $2.9m $2.9m 0.06% Unchanged
39 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 3,585,0003.6m $2.9m $2.9m 0.00% Reduced -2.5m -2,510,000
40 Central Asset Investments & Management Holdings (HK) Ltd 2.39% of their portfolio HONG KONG, K3 3,000,0003.0m $2.4m $2.4m 2.39% Unchanged
41 Amundi 0.00% of their portfolio Paris, I0 2,595,0002.6m $2.1m $2.1m 0.00% Added +1.5m +1,480,000
42 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 2,000,0002.0m $1.6m $1.6m 0.01% Unchanged
43 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,953,0002.0m $1.6m $1.6m 0.00% Added +200.0k +200,000
44 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 1,850,0001.9m $1.4m $1.4m 0.00% Reduced -2.2m -2,200,000
45 Liberty Mutual Group Asset Management Inc. 0.34% of their portfolio Boston, MA 1,679,0001.7m $1.3m $1.3m 0.34% Unchanged
46 PALISADE CAPITAL MANAGEMENT, LP 0.03% of their portfolio FORT LEE, NJ 1,394,0001.4m $1.1m $1.1m 0.03% Reduced -426.0k -426,000
47 CQS (US), LLC 0.10% of their portfolio NEW YORK, NY 1,000,0001.0m $802.0k $802.0k 0.10% Unchanged
48 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 920,000920.0k $736.0k $736.0k 0.00% Reduced -475.0k -475,000
49 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 920,000920.0k $739.0k $739.0k 0.00% Unchanged
50 COMERICA BANK 0.00% of their portfolio DALLAS, TX 678,000678.0k $0 $0 0.00% First filing
51 PUTNAM INVESTMENTS LLC 0.00% of their portfolio BOSTON, MA 322,000322.0k $258.4k $258.4k 0.00% Unchanged
52 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 292,000292.0k $234.7k $234.7k 0.00% Unchanged
53 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 257,000257.0k $206.2k $206.2k 0.00% Unchanged
54 ZAZOVE ASSOCIATES LLC 0.02% of their portfolio INCLINE VILLAGE, NV 220,000220.0k $177.0k $177.0k 0.02% Unchanged
55 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 200,000200.0k $161.0k $161.0k 0.00% Reduced -5.6m -5,638,667
56 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 190,000190.0k $153.4k $153.4k 0.00% Unchanged
57 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 186,000186.0k $149.3k $149.3k 0.01% Reduced -60.0k -60,000
58 Oaktree Fund Advisors, LLC 0.10% of their portfolio LOS ANGLES, CA 145,000145.0k $117.1k $117.1k 0.10% Unchanged
59 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 65,00065.0k $52.2k $52.2k 0.00% Reduced -235.0k -235,000
60 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 60,00060.0k $48.1k $48.1k 0.00% New
61 Context Capital Management, LLC 1.88% of their portfolio LAJOLLA, CA 25,77025.8k $20.8m $20.8m 1.88% Reduced -9.5k -9,505
62 Verition Fund Management LLC 0.23% of their portfolio GREENWICH, CT 18,00018.0k $14.5m $14.5m 0.23% Added +1.5k +1,520
63 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,0006.0k $4.8k $4.8k 0.00% Unchanged
64 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged