Vault-13

PARAMOUNT GLOBAL

CLASS B COM · Common Stock · CUSIP 92556H206 · ISIN US92556H2067

570 institutional holders -22 vs Q1 2025
517,328,703517.3m shares reported held*
$6.7bnreported value*
62 new 190 added 195 reduced 87 sold out net bought ≈ $521.0m (+40.4m 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 ($9.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.90. Options: 34 managers hold calls ($121.6m notional), 40 hold puts ($523.4m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 793Q4 22: 801Q1 23: 786Q2 23: 737Q3 23: 707Q4 23: 735Q1 24: 719Q2 24: 695Q3 24: 670Q4 24: 661Q1 25: 592Q2 25: 570570Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022793
Q4 2022801
Q1 2023786
Q2 2023737
Q3 2023707
Q4 2023735
Q1 2024719
Q2 2024695
Q3 2024670
Q4 2024661
Q1 2025592
Q2 2025570

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q3 23: 258 bought or addedQ3 23: 402 cut or sold outQ4 23: 292 bought or addedQ4 23: 384 cut or sold outQ4 23Q1 24: 357 bought or addedQ1 24: 329 cut or sold outQ2 24: 344 bought or addedQ2 24: 323 cut or sold outQ2 24Q3 24: 295 bought or addedQ3 24: 337 cut or sold outQ4 24: 228 bought or addedQ4 24: 378 cut or sold outQ4 24Q1 25: 233 bought or addedQ1 25: 359 cut or sold outQ2 25: 252 bought or addedQ2 25: 282 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023258402
Q4 2023292384
Q1 2024357329
Q2 2024344323
Q3 2024295337
Q4 2024228378
Q1 2025233359
Q2 2025252282

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ3 24 calls: $175.7mQ3 24 puts: $272.7mQ3 24P/C 1.55Q4 24 calls: $183.4mQ4 24 puts: $339.1mQ4 24P/C 1.85Q1 25 calls: $125.3mQ1 25 puts: $467.5mQ1 25P/C 3.73Q2 25 calls: $121.6mQ2 25 puts: $523.4mQ2 25P/C 4.30
Numbers
QuarterCallsPutsP/C
Q3 2024$175.7m$272.7m1.55
Q4 2024$183.4m$339.1m1.85
Q1 2025$125.3m$467.5m3.73
Q2 2025$121.6m$523.4m4.30

Biggest buyers

MORGAN STANLEY Added +30,365,027+30.4m
ROYAL BANK OF CANADA Added +7,831,651+7.8m
ExodusPoint Capital Management, LP Added +6,406,824+6.4m
Lingotto Investment Management LLP Added +5,207,778+5.2m
Pentwater Capital Management LP Added +3,200,000+3.2m
JPMORGAN CHASE & CO Added +2,925,853+2.9m
UBS Group AG Added +2,063,456+2.1m
JANE STREET GROUP, LLC Added +1,631,686+1.6m
BNP PARIBAS FINANCIAL MARKETS Added +1,527,644+1.5m
MILLENNIUM MANAGEMENT LLC Added +1,275,978+1.3m

Biggest sellers

STATE STREET CORP Reduced -5,846,748-5.8m
LOOMIS SAYLES & CO L P Reduced -3,552,327-3.6m
GOLDMAN SACHS GROUP INC Reduced -3,116,626-3.1m
MASON CAPITAL MANAGEMENT LLC Sold out -2,027,408-2.0m
WELLS FARGO & COMPANY/MN Reduced -1,875,802-1.9m
ARIEL INVESTMENTS, LLC Reduced -1,852,154-1.9m
TWO SIGMA INVESTMENTS, LP Reduced -1,551,480-1.6m
Woodline Partners LP Reduced -1,330,929-1.3m
P SCHOENFELD ASSET MANAGEMENT LP Reduced -1,048,569-1.0m
GREAT LAKES ADVISORS, LLC Reduced -972,124-972.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $20.2m1.6m shares
GROUP ONE TRADING LLC Reduced $17.2m1.3m shares
IMC-Chicago, LLC Added $9.0m699.1k shares
MILLENNIUM MANAGEMENT LLC Reduced $8.0m616.6k shares
GOLDMAN SACHS GROUP INC New $7.7m593.5k shares
D. E. Shaw & Co., Inc. Reduced $7.0m540.0k shares
Caption Management, LLC Added $6.7m519.7k shares
CITADEL ADVISORS LLC Reduced $6.4m495.7k shares
EQUITEC PROPRIETARY MARKETS, LLC Reduced $5.4m417.9k shares
BlackRock, Inc. New $5.2m400.0k shares

Biggest puts

Pentwater Capital Management LP Added $142.5m11.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $77.5m6.0m shares
LMR Partners LLP Reduced $38.2m3.0m shares
Hudson Bay Capital Management LP New $31.4m2.4m shares
MILLENNIUM MANAGEMENT LLC Reduced $29.2m2.3m shares
CITADEL ADVISORS LLC Added $21.3m1.7m shares
GROUP ONE TRADING LLC Reduced $20.7m1.6m shares
Centiva Capital, LP Reduced $19.8m1.5m shares
COMPASS ROSE ASSET MANAGEMENT, LP New $19.8m1.5m shares
Squarepoint Ops LLC Reduced $19.6m1.5m 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution no change · filed 2025-02-06 6.5% no change 40.9m 2025-02-06

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 68,579,14368.6m $884.7m $884.7m 0.01% Added +459.8k +459,801
2 Lingotto Investment Management LLP 14.16% of their portfolio London, X0 51,040,94051.0m $658.4m $658.4m 14.16% Added +5.2m +5,207,778
3 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 44,300,30044.3m $574.1m $574.1m 0.02% Reduced -5.8m -5,846,748
4 BlackRock, Inc. 0.01% of their portfolio New York, NY 42,203,27842.2m $544.4m $544.4m 0.01% Added +217.1k +217,051
5 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 40,410,42740.4m $521.3m $521.3m 0.03% Added +30.4m +30,365,027
6 Invesco Ltd. 0.04% of their portfolio ATLANTA, GA 17,744,41717.7m $228.9m $228.9m 0.04% Reduced -734.8k -734,784
7 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 16,101,51316.1m $207.5m $207.5m 0.01% Added +295.9k +295,888
8 Pentwater Capital Management LP 2.52% of their portfolio Naples, FL 15,300,00015.3m $197.4m $197.4m 2.52% Added +3.2m +3,200,000
9 Contrarius Group Holdings Ltd 10.13% of their portfolio Hamilton, D0 13,909,43813.9m $179.4m $179.4m 10.13% Unchanged
10 Slate Path Capital LP 3.05% of their portfolio New York, NY 13,723,32313.7m $177.0m $177.0m 3.05% Unchanged
11 ARIEL INVESTMENTS, LLC 1.81% of their portfolio CHICAGO, IL 12,363,10012.4m $159.5m $159.5m 1.81% Reduced -1.9m -1,852,154
12 ExodusPoint Capital Management, LP 1.92% of their portfolio NEW YORK, NY 12,211,10512.2m $157.5m $157.5m 1.92% Added +6.4m +6,406,824
13 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.48% of their portfolio Los Angeles, CA 11,415,37411.4m $147.3m $147.3m 0.48% Reduced -4.0k -3,972
14 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 8,517,2468.5m $109.9m $109.9m 0.01% Added +7.8m +7,831,651
15 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 8,074,7448.1m $104.2m $104.2m 0.02% Added +195.3k +195,262
16 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.15% of their portfolio BALA CYNWYD, PA 7,396,2537.4m $95.4m $95.4m 0.15% Added +1.0m +1,019,923
17 NORGES BANK 0.01% of their portfolio OSLO, Q8 5,725,1545.7m $73.9m $73.9m 0.01% Added +334.9k +334,927
18 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 5,682,0415.7m $73.3m $73.3m 0.01% Reduced -294.8k -294,835
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,633,6975.6m $72.7m $72.7m 0.00% Added +2.9m +2,925,853
20 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 5,325,2105.3m $68.7m $68.7m 0.01% Reduced -3.1m -3,116,626
21 UBS Group AG 0.01% of their portfolio ZURICH, V8 5,201,9085.2m $67.1m $67.1m 0.01% Added +2.1m +2,063,456
22 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 4,526,3504.5m $58.4m $58.4m 0.01% Added +47.8k +47,772
23 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 4,206,9824.2m $54.3m $54.3m 0.01% Reduced -79.9k -79,931
24 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 3,268,9813.3m $42.2m $42.2m 0.03% Added +1.5m +1,527,644
25 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 3,196,9803.2m $41.2m $41.2m 0.02% Added +385.0k +385,006
26 Allianz Asset Management GmbH 0.05% of their portfolio MUNICH, 2M 3,131,1583.1m $40.4m $40.4m 0.05% Added +26.0k +25,975
27 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 3,065,7383.1m $39.5m $39.5m 0.01% Added +1.1m +1,099,668
28 COMPASS ROSE ASSET MANAGEMENT, LP 14.26% of their portfolio New York, NY 3,000,0003.0m $38.7m $38.7m 14.26% Unchanged
29 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 2,625,5082.6m $33.9m $33.9m 0.03% Added +593.6k +593,558
30 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 2,555,7212.6m $33.0m $33.0m 0.01% Reduced -567.0k -566,972
31 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 1,926,2151.9m $24.8m $24.8m 0.04% Added +1.6m +1,631,686
32 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 1,893,0791.9m $24.4m $24.4m 0.02% Added +1.3m +1,275,978
33 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,845,5521.8m $23.8m $23.8m 0.01% Reduced -1.9m -1,875,802
34 Weiss Asset Management LP 0.37% of their portfolio BOSTON, MA 1,796,4931.8m $23.2m $23.2m 0.37% Not comparable
35 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,727,2121.7m $22.3m $22.3m 0.00% Reduced -548.6k -548,561
36 SEMPER AUGUSTUS INVESTMENTS GROUP LLC 3.05% of their portfolio Highlands Ranch, CO 1,681,6941.7m $21.7m $21.7m 3.05% Added +49.0k +49,039
37 Legal & General Group Plc 0.01% of their portfolio London, X0 1,657,5471.7m $21.4m $21.4m 0.01% Added +127.0k +127,040
38 MARK ASSET MANAGEMENT LP 2.51% of their portfolio New York, NY 1,626,1151.6m $21.0m $21.0m 2.51% Added +30.0k +30,000
39 TUDOR INVESTMENT CORP ET AL 0.15% of their portfolio STAMFORD, CT 1,558,8751.6m $20.1m $20.1m 0.15% Added +891.6k +891,603
40 Bank Pictet & Cie (Europe) AG 0.41% of their portfolio FRANKFURT AM MAIN, 2M 1,500,0001.5m $19.4m $19.4m 0.41% Unchanged
41 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.08% of their portfolio SAN FRANCISCO, CA 1,346,1511.3m $17.4m $17.4m 0.08% Not comparable
42 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 1,314,7011.3m $17.0m $17.0m 0.00% Added +89.4k +89,416
43 Palestra Capital Management LLC 0.50% of their portfolio NEW YORK, NY 1,298,0001.3m $16.7m $16.7m 0.50% Unchanged
44 LMR Partners LLP 0.24% of their portfolio LONDON, X0 1,195,2501.2m $15.4m $15.4m 0.24% Reduced -259.0k -259,030
45 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 1,193,9031.2m $15.4m $15.4m 0.01% Added +14.2k +14,192
46 Swiss National Bank 0.01% of their portfolio ZURICH, V8 1,152,6881.2m $14.9m $14.9m 0.01% Unchanged
47 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 1,053,8311.1m $13.3m $13.3m 0.01% Added +27.8k +27,783
48 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 984,242984.2k $12.6m $12.6m 0.01% Added +78.0k +77,983
49 Amundi 0.00% of their portfolio Paris, I0 927,159927.2k $11.9m $11.9m 0.00% Reduced -850.1k -850,124
50 TORONTO DOMINION BANK 0.03% of their portfolio TORONTO, ONTARIO, A6 909,440909.4k $11.7m $11.7m 0.03% Added +494.3k +494,257
51 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 881,325881.3k $11.4m $11.4m 0.00% Reduced -15.6k -15,623
52 Monaco Asset Management SAM 4.28% of their portfolio Monaco, O9 875,000875.0k $11.3m $11.3m 4.28% Reduced -25.0k -25,000
53 Alpine Global Management, LLC 2.54% of their portfolio NEW YORK, NY 860,625860.6k $11.1m $11.1m 2.54% Added +10.0k +10,025
54 Verition Fund Management LLC 0.06% of their portfolio GREENWICH, CT 847,717847.7k $10.9m $10.9m 0.06% Added +725.0k +725,036
55 Horizon Investments, LLC 0.17% of their portfolio Charlotte, NC 817,809817.8k $10.5m $10.5m 0.17% Added +809.0k +809,046
56 BOOTHBAY FUND MANAGEMENT, LLC 0.32% of their portfolio NEW YORK, NY 817,101817.1k $10.5m $10.5m 0.32% Added +6.9k +6,877
57 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 801,375801.4k $10.3m $10.3m 0.01% Added +240.7k +240,748
58 SHAH CAPITAL MANAGEMENT 1.98% of their portfolio RALEIGH, NC 790,173790.2k $10.2m $10.2m 1.98% Reduced -550.0k -550,000
59 GABELLI & Co INVESTMENT ADVISERS, INC. 1.51% of their portfolio Rye, NY 763,843763.8k $9.9m $9.9m 1.51% Added +27.2k +27,250
60 Centiva Capital, LP 0.64% of their portfolio New York, NY 751,420751.4k $9.7m $9.7m 0.64% Added +693.9k +693,938
61 THOMPSON INVESTMENT MANAGEMENT, INC. 1.30% of their portfolio MADISON, WI 714,006714.0k $9.2m $9.2m 1.30% Reduced -11.1k -11,090
62 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 671,119671.1k $8.7m $8.7m 0.00% Reduced -6.1k -6,116
63 Mitsubishi UFJ Trust & Banking Corp 0.02% of their portfolio TOKYO, M0 662,560662.6k $8.5m $8.5m 0.02% Added +88.7k +88,703
64 Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio TOKYO, M0 658,431658.4k $8.5m $8.5m 0.01% Added +91.0k +90,980
65 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 655,948655.9k $8.5m $8.5m 0.00% Reduced -14.3k -14,342
66 GABELLI FUNDS LLC 0.06% of their portfolio Rye, NY 655,916655.9k $8.5m $8.5m 0.06% Reduced -159.6k -159,558
67 Schonfeld Strategic Advisors LLC 0.06% of their portfolio NEW YORK, NY 648,178648.2k $8.4m $8.4m 0.06% Reduced -15.8k -15,818
68 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio TALLAHASSEE, FL 603,367603.4k $7.8m $7.8m 0.01% Added +6.1k +6,101
69 Cable Car Capital, LP 3.35% of their portfolio SAN FRANCISCO, CA 600,000600.0k $7.7m $7.7m 3.35% Added +100.0k +100,000
70 SG Americas Securities, LLC 0.03% of their portfolio NEW YORK, NY 591,264591.3k $7.6m $7.6m 0.03% Reduced -837.0k -836,990
71 WATER ISLAND CAPITAL LLC 1.28% of their portfolio NEW YORK, NY 567,122567.1k $7.3m $7.3m 1.28% Reduced -483.4k -483,377
72 IPG Investment Advisors LLC 1.41% of their portfolio SAN DIEGO, CA 558,196558.2k $7.2m $7.2m 1.41% Added +7.9k +7,924
73 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio Boston, MA 551,185551.2k $7.1m $7.1m 0.01% Reduced -209.9k -209,886
74 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 549,912549.9k $7.1m $7.1m 0.01% Unchanged
75 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 529,921529.9k $6.8m $6.8m 0.00% Reduced -373.3k -373,271
76 SUSQUEHANNA ADVISORS GROUP, INC. 0.26% of their portfolio BALA CYNWYD, PA 505,357505.4k $6.5m $6.5m 0.26% New
77 LSV ASSET MANAGEMENT 0.02% of their portfolio CHICAGO, IL 499,200499.2k $6.4m $6.4m 0.02% Unchanged
78 GROUP ONE TRADING LLC 0.21% of their portfolio CHICAGO, IL 498,317498.3k $6.4m $6.4m 0.21% New
79 CAXTON ASSOCIATES LLP 0.16% of their portfolio LONDON, X0 490,237490.2k $6.3m $6.3m 0.16% Reduced -149.2k -149,188
80 Quantbot Technologies LP 0.16% of their portfolio NEW YORK, NY 481,926481.9k $6.2m $6.2m 0.16% Reduced -45.1k -45,107
81 Poehling Capital Management, INC. 1.42% of their portfolio MADISON, WI 469,813469.8k $6.1m $6.1m 1.42% New
82 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 469,540469.5k $6.1m $6.1m 0.00% Reduced -8.7k -8,657
83 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 468,587468.6k $6.0m $6.0m 0.01% Added +338 +338
84 Rock Point Advisors, LLC 1.70% of their portfolio BURLINGTON, VT 466,772466.8k $6.0m $6.0m 1.70% Reduced -1.0k -1,045
85 FMR LLC 0.00% of their portfolio BOSTON, MA 463,187463.2k $6.0m $6.0m 0.00% Added +7.8k +7,782
86 READYSTATE ASSET MANAGEMENT LP 0.25% of their portfolio CHICAGO, IL 462,783462.8k $6.0m $6.0m 0.25% Reduced -335.4k -335,437
87 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 427,601427.6k $5.5m $5.5m 0.01% Reduced -28.1k -28,105
88 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 414,506414.5k $5.3m $5.3m 0.01% Reduced -4.7k -4,726
89 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 403,373403.4k $5.2m $5.2m 0.00% Reduced -222.9k -222,882
90 Engineers Gate Manager LP 0.06% of their portfolio NEW YORK, NY 380,459380.5k $4.9m $4.9m 0.06% Added +369.8k +369,760
91 CIBC WORLD MARKETS CORP 0.03% of their portfolio NEW YORK, NY 368,500368.5k $4.8m $4.8m 0.03% Reduced -156.4k -156,365
92 Y-Intercept (Hong Kong) Ltd 0.11% of their portfolio HONG KONG, K3 349,558349.6k $4.5m $4.5m 0.11% Added +324.9k +324,890
93 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 348,350348.4k $4.5m $4.5m 0.01% Reduced -1.6m -1,551,480
94 SCOTIA CAPITAL INC. 0.02% of their portfolio TORONTO, A6 347,372347.4k $4.5m $4.5m 0.02% Reduced -1.7k -1,714
95 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 346,156346.2k $4.5m $4.5m 0.00% Reduced -14.4k -14,386
96 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 338,859338.9k $3.9m $3.9m 0.01% Added +25.6k +25,588
97 GREAT LAKES ADVISORS, LLC 0.04% of their portfolio CHICAGO, IL 334,430334.4k $4.3m $4.3m 0.04% Reduced -972.1k -972,124
98 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 334,077334.1k $4.3m $4.3m 0.01% Added +8.0k +7,973
99 THOMPSON SIEGEL & WALMSLEY LLC 0.07% of their portfolio RICHMOND, VA 324,255324.3k $4.2m $4.2m 0.07% Reduced -20.8k -20,846
100 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 323,053323.1k $4.2m $4.2m 0.01% Added +2.2k +2,187