Vault-13

SEA LTD SEALTD 0.25 09.15.26

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

49 institutional holders +0 vs Q1 2025
2,544,0002.5m shares reported held*
$950.7mreported value*
4 new 10 added 17 reduced 4 sold out net sold ≈ $219.9m

* 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 ($12.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $378.71.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 74Q4 22: 71Q1 23: 73Q2 23: 64Q3 23: 66Q4 23: 54Q1 24: 57Q2 24: 50Q3 24: 45Q4 24: 43Q1 25: 49Q2 25: 4949Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202274
Q4 202271
Q1 202373
Q2 202364
Q3 202366
Q4 202354
Q1 202457
Q2 202450
Q3 202445
Q4 202443
Q1 202549
Q2 202549

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 35 bought or addedQ3 23: 19 cut or sold outQ4 23: 23 bought or addedQ4 23: 32 cut or sold outQ4 23Q1 24: 23 bought or addedQ1 24: 22 cut or sold outQ2 24: 21 bought or addedQ2 24: 24 cut or sold outQ2 24Q3 24: 10 bought or addedQ3 24: 24 cut or sold outQ4 24: 19 bought or addedQ4 24: 15 cut or sold outQ4 24Q1 25: 18 bought or addedQ1 25: 21 cut or sold outQ2 25: 14 bought or addedQ2 25: 21 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233519
Q4 20232332
Q1 20242322
Q2 20242124
Q3 20241024
Q4 20241915
Q1 20251821
Q2 20251421

Biggest buyers

Verition Fund Management LLC Added +47,455,000+47.5m
Opti Capital Management, LP New +38,412,000+38.4m
LORD, ABBETT & CO. LLC Added +24,496,000+24.5m
Balyasny Asset Management L.P. New +17,000,000+17.0m
MOORE CAPITAL MANAGEMENT, LP New +7,800,000+7.8m
OAKTREE CAPITAL MANAGEMENT LP Added +7,714,000+7.7m
Man Group plc New +2,500,000+2.5m
MORGAN STANLEY Added +1,053,000+1.1m
BARCLAYS PLC Added +902,000+902.0k
BNP PARIBAS FINANCIAL MARKETS Added +761,000+761.0k

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -176,110,000-176.1m
STEELHEAD PARTNERS LLC Reduced -54,451,000-54.5m
Calamos Advisors LLC Reduced -31,000,000-31.0m
QVT Financial LP Sold out -17,500,000-17.5m
LAZARD ASSET MANAGEMENT LLC Reduced -9,623,000-9.6m
D. E. Shaw & Co., Inc. Reduced -9,500,000-9.5m
MILLENNIUM MANAGEMENT LLC Reduced -8,300,000-8.3m
STATE STREET CORP Reduced -5,800,000-5.8m
BANK OF AMERICA CORP /DE/ Reduced -4,855,000-4.9m
JPMORGAN CHASE & CO Reduced -4,165,000-4.2m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.17% of their portfolio ATLANTA, GA 176,110,000176.1m $166.5m $166.5m 0.17% Reduced -176.1m -176,110,000
2 MARSHALL WACE, LLP 0.13% of their portfolio LONDON, X0 115,000,000115.0m $108.6m $108.6m 0.13% Unchanged
3 MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 94,306,00094.3m $89.2m $89.2m 0.08% Reduced -8.3m -8,300,000
4 D. E. Shaw & Co., Inc. 0.09% of their portfolio New York, NY 90,500,00090.5m $85.5m $85.5m 0.09% Reduced -9.5m -9,500,000
5 Calamos Advisors LLC 0.32% of their portfolio NAPERVILLE, IL 80,040,00080.0m $75.6m $75.6m 0.32% Reduced -31.0m -31,000,000
6 STEELHEAD PARTNERS LLC 3.64% of their portfolio SEATTLE, WA 76,549,00076.5m $72.3m $72.3m 3.64% Reduced -54.5m -54,451,000
7 Verition Fund Management LLC 0.26% of their portfolio GREENWICH, CT 47,500,00047.5m $44.9m $44.9m 0.26% Added +47.5m +47,455,000
8 DeepCurrents Investment Group LLC 1.47% of their portfolio NEW YORK, NY 42,500,00042.5m $40.2m $40.2m 1.47% Unchanged
9 LORD, ABBETT & CO. LLC 0.12% of their portfolio JERSEY CITY, NJ 38,899,00038.9m $36.7m $36.7m 0.12% Added +24.5m +24,496,000
10 Opti Capital Management, LP 2.06% of their portfolio New York, NY 38,412,00038.4m $36.3m $36.3m 2.06% New
11 OAKTREE CAPITAL MANAGEMENT LP 0.56% of their portfolio LOS ANGELES, CA 30,069,00030.1m $28.4m $28.4m 0.56% Added +7.7m +7,714,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 26,785,00026.8m $25.3m $25.3m 0.00% Reduced -5.8m -5,800,000
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 22,985,00023.0m $21.8m $21.8m 0.00% Reduced -4.2m -4,165,000
14 Balyasny Asset Management L.P. 0.04% of their portfolio Chicago, IL 17,000,00017.0m $16.1m $16.1m 0.04% New
15 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 12,049,00012.0m $11.4m $11.4m 0.02% Reduced -9.6m -9,623,000
16 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 10,180,00010.2m $9.6m $9.6m 0.00% Reduced -2.1m -2,099,000
17 ONTARIO TEACHERS PENSION PLAN BOARD 0.20% of their portfolio Toronto, A6 10,000,00010.0m $9.5m $9.5m 0.20% Unchanged
18 CAPSTONE INVESTMENT ADVISORS, LLC 0.08% of their portfolio NEW YORK, NY 9,500,0009.5m $9.0m $9.0m 0.08% Unchanged
19 WT Asset Management Ltd 0.61% of their portfolio HONG KONG, K3 9,258,0009.3m $8.7m $8.7m 0.61% Unchanged
20 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,695,0008.7m $8.2m $8.2m 0.00% Reduced -2.4m -2,377,000
21 Parallax Volatility Advisers, L.P. 0.30% of their portfolio San Francisco, CA 8,000,0008.0m $7.5m $7.5m 0.30% Unchanged
22 MOORE CAPITAL MANAGEMENT, LP 0.15% of their portfolio NEW YORK, NY 7,800,0007.8m $7.4m $7.4m 0.15% New
23 PALISADE CAPITAL MANAGEMENT, LP 0.16% of their portfolio FORT LEE, NJ 5,926,0005.9m $5.6m $5.6m 0.16% Reduced -2.0m -2,000,000
24 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 5,844,0005.8m $5.5m $5.5m 0.01% Added +181.0k +181,000
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,577,0004.6m $4.3m $4.3m 0.00% Added +1.1m +1,053,000
26 Amundi 0.00% of their portfolio Paris, I0 3,306,0003.3m $3.1m $3.1m 0.00% Unchanged
27 AVIVA PLC 0.01% of their portfolio LONDON, X0 3,270,0003.3m $3.1m $3.1m 0.01% Reduced -2.7m -2,690,000
28 Quarry LP 0.68% of their portfolio NEW YORK, NY 3,100,0003.1m $2.9m $2.9m 0.68% Unchanged
29 Central Asset Investments & Management Holdings (HK) Ltd 2.40% of their portfolio HONG KONG, K3 3,000,0003.0m $2.8m $2.8m 2.40% Unchanged
30 Man Group plc 0.01% of their portfolio LONDON, X0 2,500,0002.5m $2.4m $2.4m 0.01% New
31 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 2,500,0002.5m $2.4m $2.4m 0.01% Unchanged
32 STANSBERRY ASSET MANAGEMENT, LLC 0.19% of their portfolio Westlake, TX 1,845,0001.8m $1.7m $1.7m 0.19% Added +83.0k +83,000
33 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,750,0001.8m $1.7m $1.7m 0.00% Reduced -550.0k -550,000
34 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,719,0001.7m $1.6m $1.6m 0.00% Added +761.0k +761,000
35 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,664,0001.7m $1.6m $1.6m 0.00% Reduced -4.9m -4,855,000
36 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,024,0001.0m $967.1k $967.1k 0.00% Added +902.0k +902,000
37 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 800,000800.0k $755.2k $755.2k 0.00% Reduced -900.0k -900,000
38 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 317,667317.7k $297.0k $297.0k 0.00% Added +278.0k +278,000
39 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 200,000200.0k $187.2k $187.2k 0.00% Added +200.0k +200,000
40 ZAZOVE ASSOCIATES LLC 0.01% of their portfolio INCLINE VILLAGE, NV 84,00084.0k $79.3k $79.3k 0.01% Reduced -188.0k -188,000
41 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 60,00060.0k $56.6k $56.6k 0.00% Unchanged
42 Oak Harvest Investment Services 0.00% of their portfolio HOUSTON, TX 38,00038.0k $35.9k $35.9k 0.00% Unchanged
43 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 37,00037.0k $34.9k $34.9k 0.00% Unchanged
44 KESTRA PRIVATE WEALTH SERVICES, LLC 0.04% of their portfolio AUSTIN, TX 28,00028.0k $2.6m $2.6m 0.04% Unchanged
45 Beaird Harris Wealth Management, LLC 0.00% of their portfolio DALLAS, TX 16,00016.0k $15.1k $15.1k 0.00% Unchanged
46 Oaktree Fund Advisors, LLC 0.02% of their portfolio LOS ANGLES, CA 13,00013.0k $12.3k $12.3k 0.02% Reduced -6.0k -6,000
47 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 9,0009.0k $852.0k $852.0k 0.00% Unchanged
48 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,0005.0k $4.7k $4.7k 0.00% Unchanged
49 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged