Vault-13

SEAGATE HDD CAYMAN STX 3.5 06.01.28

NOTE 3.500% 6/0 · US DOMESTIC · CUSIP 81180WBL4

86 institutional holders +6 vs Q4 2024
16,687,76316.7m shares reported held*
$1.7bnreported value*
17 new 25 added 25 reduced 11 sold out net bought ≈ $16.4m (-32.0m 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 ($1.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $100.48. Options: 1 managers hold calls ($475.7k notional), 1 hold puts ($637.1k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 24: 83Q4 24: 80Q1 25: 8686Q3 24Q4 24Q1 25
Numbers
QuarterHolders
Q3 202483
Q4 202480
Q1 202586

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 24: 41 bought or addedQ4 24: 42 cut or sold outQ4 24Q1 25: 42 bought or addedQ1 25: 36 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q4 20244142
Q1 20254236

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200k$400k$600k$800kQ2 24 calls: $0Q2 24 puts: $0Q2 24P/C —Q3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $475.7kQ1 25 puts: $637.1kQ1 25P/C 1.34
Numbers
QuarterCallsPutsP/C
Q2 2024$0$0—
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$475.7k$637.1k1.34

Biggest buyers

HIGHBRIDGE CAPITAL MANAGEMENT LLC New +50,187,000+50.2m
WOLVERINE ASSET MANAGEMENT LLC Added +36,939,000+36.9m
VOYA INVESTMENT MANAGEMENT LLC Added +29,680,000+29.7m
SONA ASSET MANAGEMENT (US) LLC New +27,500,000+27.5m
WELLINGTON MANAGEMENT GROUP LLP Added +23,575,000+23.6m
ARISTEIA CAPITAL, L.L.C. New +19,000,000+19.0m
Point72 Asset Management, L.P. New +14,000,000+14.0m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Added +11,700,000+11.7m
CITIGROUP INC Added +8,406,000+8.4m
Man Group plc Added +5,620,000+5.6m

Biggest sellers

D. E. Shaw & Co., Inc. Sold out -39,363,000-39.4m
Paloma Partners Management Co Sold out -35,082,000-35.1m
TWO SIGMA INVESTMENTS, LP Reduced -34,104,000-34.1m
MILLENNIUM MANAGEMENT LLC Sold out -28,000,000-28.0m
SUSQUEHANNA ADVISORS GROUP, INC. Reduced -24,250,000-24.2m
Parallax Volatility Advisers, L.P. Sold out -17,500,000-17.5m
CITADEL ADVISORS LLC Reduced -13,204,000-13.2m
WELLS FARGO & COMPANY/MN Reduced -11,992,000-12.0m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -10,000,000-10.0m
BANK OF MONTREAL /CAN/ Reduced -8,713,000-8.7m

Biggest calls

CAAS CAPITAL MANAGEMENT LP New $475.7k5.6k shares

Biggest puts

CAAS CAPITAL MANAGEMENT LP New $637.1k7.5k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Portman Square Capital LLP 16.97% of their portfolio London, X0 102,000,000102.0m $123.0m $123.0m 16.97% Unchanged
2 Davidson Kempner Capital Management LP 1.36% of their portfolio New York, NY 80,000,00080.0m $96.3m $96.3m 1.36% Reduced -5.0m -5,000,000
3 WOLVERINE ASSET MANAGEMENT LLC 1.84% of their portfolio CHICAGO, IL 78,439,00078.4m $94.5m $94.5m 1.84% Added +36.9m +36,939,000
4 CITADEL ADVISORS LLC 0.08% of their portfolio MIAMI, FL 71,796,00071.8m $86.5m $86.5m 0.08% Reduced -13.2m -13,204,000
5 Sculptor Capital LP 1.76% of their portfolio New York, NY 65,000,00065.0m $78.3m $78.3m 1.76% Reduced -5.0m -5,000,000
6 TWO SIGMA INVESTMENTS, LP 0.16% of their portfolio NEW YORK, NY 62,360,00062.4m $75.1m $75.1m 0.16% Reduced -34.1m -34,104,000
7 Calamos Advisors LLC 0.33% of their portfolio NAPERVILLE, IL 58,202,00058.2m $70.1m $70.1m 0.33% Reduced -89.0k -89,000
8 SUSQUEHANNA ADVISORS GROUP, INC. 0.04% of their portfolio BALA CYNWYD, PA 56,045,00056.0m $672.5k $672.5k 0.04% Reduced -24.2m -24,250,000
9 HIGHBRIDGE CAPITAL MANAGEMENT LLC 2.65% of their portfolio NEW YORK, NY 50,187,00050.2m $60.2m $60.2m 2.65% New
10 Aequim Alternative Investments LP 2.40% of their portfolio MILL VALLEY, CA 50,000,00050.0m $60.3m $60.3m 2.40% Unchanged
11 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 49,950,00050.0m $60.2m $60.2m 0.03% Added +29.7m +29,680,000
12 M&G PLC 0.28% of their portfolio London, X0 48,339,00048.3m $58.0m $58.0m 0.28% Added +5.0m +5,049,000
13 CAMDEN ASSET MANAGEMENT L P /CA 1.47% of their portfolio Los Angeles, CA 45,631,00045.6m $54.9m $54.9m 1.47% Reduced -10.0m -10,000,000
14 LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 38,727,00038.7m $46.7m $46.7m 0.07% Reduced -5.6m -5,605,000
15 Man Group plc 0.13% of their portfolio LONDON, X0 36,247,00036.2m $43.7m $43.7m 0.13% Added +5.6m +5,620,000
16 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 31,735,00031.7m $38.3m $38.3m 0.01% Added +23.6m +23,575,000
17 MacKay Shields LLC 1.17% of their portfolio New York, NY 30,140,00030.1m $36.3m $36.3m 1.17% Unchanged
18 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 30,119,00030.1m $36.3m $36.3m 0.00% Reduced -4.4m -4,355,000
19 SONA ASSET MANAGEMENT (US) LLC 1.26% of their portfolio NEW YORK, NY 27,500,00027.5m $33.2m $33.2m 1.26% New
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 24,495,00024.5m $29.4m $29.4m 0.00% Reduced -468.0k -468,000
21 SILVERBACK ASSET MANAGEMENT LLC 4.20% of their portfolio DURHAM, NC 21,500,00021.5m $25.9m $25.9m 4.20% Added +2.5m +2,500,000
22 FMR LLC 0.00% of their portfolio BOSTON, MA 20,486,00020.5m $24.7m $24.7m 0.00% Added +411.0k +411,000
23 LMR Partners LLP 0.48% of their portfolio LONDON, X0 20,000,00020.0m $24.0m $24.0m 0.48% Unchanged
24 ARISTEIA CAPITAL, L.L.C. 0.71% of their portfolio GREENWICH, CT 19,000,00019.0m $22.9m $22.9m 0.71% New
25 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 17,875,00017.9m $21.5m $21.5m 0.01% First filing
26 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 15,783,00015.8m $19.0m $19.0m 0.01% Added +2.9m +2,915,000
27 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 15,500,00015.5m $18.6m $18.6m 0.02% Added +11.7m +11,700,000
28 BlackRock, Inc. 0.00% of their portfolio New York, NY 15,425,00015.4m $18.6m $18.6m 0.00% Reduced -50.0k -50,000
29 ADVENT CAPITAL MANAGEMENT /DE/ 0.42% of their portfolio NEW YORK, NY 15,355,00015.4m $18.5m $18.5m 0.42% Added +4.8m +4,821,000
30 Point72 Asset Management, L.P. 0.05% of their portfolio STAMFORD, CT 14,000,00014.0m $16.9m $16.9m 0.05% New
31 Alberta Investment Management Corp 0.10% of their portfolio EDMONTON, A0 12,500,00012.5m $15.1m $15.1m 0.10% Unchanged
32 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 12,302,00012.3m $14.7m $14.7m 0.00% Reduced -12.0m -11,992,000
33 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 11,849,00011.8m $14.2m $14.2m 0.00% Added +2.7m +2,680,000
34 SSI INVESTMENT MANAGEMENT LLC 1.04% of their portfolio Los Angeles, CA 11,060,99811.1m $13.3m $13.3m 1.04% Reduced -562.0k -562,002
35 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 10,200,00010.2m $12.3m $12.3m 0.01% Unchanged
36 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 10,000,00010.0m $12.0m $12.0m 0.01% Reduced -8.7m -8,713,000
37 MIZUHO SECURITIES USA LLC 0.26% of their portfolio NEW YORK, NY 10,000,00010.0m $12.0m $12.0m 0.26% Reduced -1.4m -1,384,000
38 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 9,000,0009.0m $10.9m $10.9m 0.02% Added +3.0m +3,000,000
39 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 9,000,0009.0m $10.8m $10.8m 0.00% Added +1.5m +1,500,000
40 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 8,416,0008.4m $10.1m $10.1m 0.01% Added +8.4m +8,406,000
41 Warberg Asset Management LLC 2.65% of their portfolio WINNETKA, IL 8,045,0008.0m $9.7m $9.7m 2.65% Added +1.0m +1,000,000
42 SHENKMAN CAPITAL MANAGEMENT INC 0.99% of their portfolio NEW YORK, NY 7,925,0007.9m $9.8m $9.8m 0.99% Added +577.0k +577,000
43 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 7,812,0007.8m $9.4m $9.4m 0.01% First filing
44 Mirabaud Asset Management (France) SAS 6.13% of their portfolio PARIS, I0 6,400,0006.4m $7.7m $7.7m 6.13% Reduced -300.0k -300,000
45 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 6,000,0006.0m $7.2m $7.2m 0.00% Unchanged
46 LORD, ABBETT & CO. LLC 0.02% of their portfolio JERSEY CITY, NJ 5,308,0005.3m $6.4m $6.4m 0.02% Added +95.0k +95,000
47 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5,279,0005.3m $6.4m $6.4m 0.00% Reduced -1.8m -1,808,000
48 MOORE CAPITAL MANAGEMENT, LP 0.20% of their portfolio NEW YORK, NY 5,000,0005.0m $6.0m $6.0m 0.20% New
49 RWC Asset Management LLP 0.31% of their portfolio LONDON, X0 5,000,0005.0m $6.0m $6.0m 0.31% New
50 RPO LLC 12.05% of their portfolio Stamford, CT 5,000,0005.0m $6.0m $6.0m 12.05% Unchanged
51 CSS LLC/IL 0.41% of their portfolio CHICAGO, IL 4,827,0004.8m $5.8m $5.8m 0.41% Added +1.9m +1,895,000
52 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,500,0004.5m $5.4m $5.4m 0.01% Added +1.8m +1,750,000
53 Nicholas Investment Partners, LP 0.49% of their portfolio RANCHO SANTA FE, CA 3,980,0004.0m $4.8m $4.8m 0.49% Unchanged
54 Amundi 0.00% of their portfolio Paris, I0 3,850,0003.9m $4.3m $4.3m 0.00% Added +1.8m +1,750,000
55 Union Bancaire Privee, UBP SA 0.08% of their portfolio GENEVA 1, V8 3,810,0003.8m $4.3m $4.3m 0.08% New
56 BOOTHBAY FUND MANAGEMENT, LLC 0.16% of their portfolio NEW YORK, NY 3,750,0003.8m $4.5m $4.5m 0.16% Unchanged
57 CONNING INC. 0.15% of their portfolio HARTFORD, CT 3,600,0003.6m $4.3m $4.3m 0.15% Unchanged
58 III Capital Management 1.01% of their portfolio BOCA RATON, FL 3,547,0003.5m $4.3m $4.3m 1.01% Reduced -6.8m -6,765,000
59 AXA S.A. 0.01% of their portfolio PARIS, I0 3,050,0003.0m $3.7m $3.7m 0.01% New
60 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,608,0002.6m $3.1m $3.1m 0.00% Added +2.0m +1,991,000
61 OAKTREE CAPITAL MANAGEMENT LP 0.05% of their portfolio LOS ANGELES, CA 2,150,0002.1m $2.6m $2.6m 0.05% New
62 Jefferies Financial Group Inc. 0.04% of their portfolio NEW YORK, NY 2,000,0002.0m $2.4m $2.4m 0.04% Reduced -655.0k -655,000
63 Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio ZURICH, V8 1,800,0001.8m $2.2m $2.2m 0.01% New
64 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,683,0001.7m $2.0m $2.0m 0.00% Reduced -2.0m -1,983,000
65 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 1,500,0001.5m $1.8m $1.8m 0.00% Reduced -300.0k -300,000
66 DNCA FINANCE 0.11% of their portfolio PARIS, I0 1,120,0001.1m $1.3m $1.3m 0.11% Added +720.0k +720,000
67 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 950,000950.0k $1.1m $1.1m 0.00% Added +250.0k +250,000
68 Police & Firemen's Retirement System of New Jersey 0.01% of their portfolio TRENTON, NJ 905,000905.0k $1.1m $1.1m 0.01% Unchanged
69 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 722,000722.0k $867.2k $867.2k 0.00% New
70 Central Pacific Bank - Trust Division 0.09% of their portfolio HONOLULU, HI 551,000551.0k $663.4k $663.4k 0.09% Reduced -110.0k -110,000
71 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 500,000500.0k $599.5k $599.5k 0.00% New
72 PALISADE CAPITAL MANAGEMENT, LP 0.02% of their portfolio FORT LEE, NJ 500,000500.0k $602.9k $602.9k 0.02% Unchanged
73 Calamos Wealth Management LLC 0.03% of their portfolio NAPERVILLE, IL 495,000495.0k $596.4k $596.4k 0.03% Added +72.0k +72,000
74 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 485,000485.0k $585.8k $585.8k 0.00% Unchanged
75 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 240,000240.0k $289.0k $289.0k 0.00% Unchanged
76 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 220,000220.0k $265.3k $265.3k 0.01% Unchanged
77 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 200,000200.0k $241.8k $241.8k 0.01% New
78 LOOMIS SAYLES & CO L P 0.02% of their portfolio BOSTON, MA 180,316180.3k $15.3m $15.3m 0.02% Reduced -34.4k -34,411
79 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 150,000150.0k $180.6k $180.6k 0.00% Reduced -763.0k -763,000
80 NOMURA HOLDINGS INC 0.03% of their portfolio TOKYO, M0 75,91975.9k $6.4m $6.4m 0.03% Reduced -92.8k -92,798
81 VIRTUS ADVISERS, LLC 0.05% of their portfolio HARTFORD, CT 65,00065.0k $78.3k $78.3k 0.05% New
82 Boussard & Gavaudan Investment Management LLP 2.46% of their portfolio London, X0 13,00013.0k $15.6m $15.6m 2.46% Added +3.8k +3,753
83 CAAS CAPITAL MANAGEMENT LP 0.15% of their portfolio NEW YORK, NY 3,8443.8k $326.5k $326.5k 0.15% New
84 Candriam S.C.A. 0.00% of their portfolio STRASSEN, N4 200200 $240.4k $240.4k 0.00% New
85 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged
86 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% New