Vault-13

FRONTLINE LTD

SHS NEW · CUSIP G3682E192

148 institutional holders -12 vs Q3 2022
82,179,71082.2m shares reported held*
$997.2mreported value*
31 new 47 added 45 reduced 49 sold out net bought ≈ $54.0m (-1.9m 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 ($1.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.13. Options: 6 managers hold calls ($10.5m notional), 7 hold puts ($32.3m).

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 160Q4 22: 148148Q3 22Q4 22
Numbers
QuarterHolders
Q3 2022160
Q4 2022148

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ3 22 calls: $8.3mQ3 22 puts: $11.1mQ3 22P/C 1.34Q4 22 calls: $10.5mQ4 22 puts: $32.3mQ4 22P/C 3.07
Numbers
QuarterCallsPutsP/C
Q3 2022$8.3m$11.1m1.34
Q4 2022$10.5m$32.3m3.07

Biggest buyers

MILLENNIUM MANAGEMENT LLC Added +2,271,724+2.3m
TWO SIGMA INVESTMENTS, LP Added +2,149,377+2.1m
Melqart Asset Management (UK) Ltd New +1,970,337+2.0m
D. E. Shaw & Co., Inc. Added +1,832,553+1.8m
TWO SIGMA ADVISERS, LP Added +1,726,220+1.7m
BANK OF MONTREAL /CAN/ New +1,008,518+1.0m
ARMOR ADVISORS, L.L.C. New +757,070+757.1k
DAVENPORT & Co LLC New +582,953+583.0k
Bank of New York Mellon Corp Added +555,491+555.5k
Berry Street Capital Management LLP New +500,000+500.0k

Biggest sellers

MIRABELLA FINANCIAL SERVICES LLP Reduced -3,318,745-3.3m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -3,089,207-3.1m
RENAISSANCE TECHNOLOGIES LLC Reduced -2,785,098-2.8m
MARSHALL WACE, LLP Sold out -2,025,645-2.0m
FOLKETRYGDFONDET Reduced -892,857-892.9k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Sold out -835,681-835.7k
ANTIPODES PARTNERS Ltd Reduced -688,129-688.1k
CITIGROUP INC Reduced -571,993-572.0k
Ergoteles LLC Sold out -441,870-441.9k
Schonfeld Strategic Advisors LLC Reduced -409,100-409.1k

Biggest calls

CITADEL ADVISORS LLC Added $8.5m697.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.3m109.1k shares
Walleye Trading LLC New $490.5k40.4k shares
Cubist Systematic Strategies, LLC New $153.0k12.6k shares
HAP Trading, LLC Reduced $75.0k35.3k shares
Cutler Group LLC / CA Added $18.0k24.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $16.5m1.4m shares
CITADEL ADVISORS LLC Added $9.5m784.2k shares
GOLDMAN SACHS GROUP INC New $5.2m428.9k shares
Walleye Trading LLC New $1.0m85.3k shares
Cutler Group LLC / CA Reduced $26.0k14.4k shares
Banco BTG Pactual S.A. New $10.9k900 shares
HAP Trading, LLC Reduced $10.0k15.0k 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, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FOLKETRYGDFONDET 2.33% of their portfolio OSLO, Q8 9,034,1469.0m $109.7m $109.7m 2.33% Reduced -892.9k -892,857
2 BlackRock Inc. 0.00% of their portfolio New York, NY 6,335,1256.3m $76.9m $76.9m 0.00% Added +198.1k +198,117
3 TWO SIGMA INVESTMENTS, LP 0.20% of their portfolio NEW YORK, NY 5,133,7635.1m $62.3m $62.3m 0.20% Added +2.1m +2,149,377
4 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 4,874,2954.9m $59.2m $59.2m 0.00% Added +156.4k +156,450
5 MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 4,483,8264.5m $54.4m $54.4m 0.06% Added +2.3m +2,271,724
6 TWO SIGMA ADVISERS, LP 0.15% of their portfolio NEW YORK, NY 4,477,0004.5m $54.4m $54.4m 0.15% Added +1.7m +1,726,220
7 ANTIPODES PARTNERS Ltd 1.61% of their portfolio ROYAL EXCHANGE, C3 3,694,0363.7m $44.8m $44.8m 1.61% Reduced -688.1k -688,129
8 D. E. Shaw & Co., Inc. 0.07% of their portfolio New York, NY 3,528,0723.5m $42.8m $42.8m 0.07% Added +1.8m +1,832,553
9 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 2,916,2722.9m $35.4m $35.4m 0.01% Added +555.5k +555,491
10 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 2,497,5592.5m $30.3m $30.3m 0.04% Added +377.9k +377,854
11 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 2,142,8672.1m $26.0m $26.0m 0.02% First filing
12 Melqart Asset Management (UK) Ltd 2.11% of their portfolio London, X0 1,970,3372.0m $23.9m $23.9m 2.11% New
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,866,0421.9m $22.7m $22.7m 0.00% Reduced -24.8k -24,826
14 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.12% of their portfolio JUPITER, FL 1,776,9221.8m $21.6m $21.6m 0.12% Added +472.4k +472,357
15 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 1,750,8421.8m $21.2m $21.2m 0.03% Reduced -2.8m -2,785,098
16 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 1,651,9031.7m $20.1m $20.1m 0.04% Added +495.5k +495,469
17 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,629,6741.6m $19.8m $19.8m 0.00% Reduced -16.5k -16,519
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,555,4161.6m $18.9m $18.9m 0.00% Added +320.9k +320,911
19 Skandinaviska Enskilda Banken AB (publ) 0.11% of their portfolio STOCKHOLM, V7 1,234,1241.2m $15.0m $15.0m 0.11% Added +213.1k +213,141
20 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,120,9991.1m $13.5m $13.5m 0.00% Added +44.9k +44,858
21 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.34% of their portfolio HOUSTON, TX 1,086,1001.1m $13.2m $13.2m 0.34% Unchanged
22 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 1,072,0001.1m $12.8m $12.8m 0.02% Reduced -28.0k -28,000
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,025,1561.0m $12.4m $12.4m 0.00% Reduced -312.4k -312,380
24 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 1,008,5181.0m $12.3m $12.3m 0.01% New
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 989,751989.8k $12.0m $12.0m 0.00% Reduced -342.2k -342,212
26 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 885,205885.2k $10.7m $10.7m 0.00% Added +494.9k +494,892
27 Connor, Clark & Lunn Investment Management Ltd. 0.06% of their portfolio VANCOUVER, A1 873,004873.0k $10.6m $10.6m 0.06% Added +113.6k +113,603
28 ARMOR ADVISORS, L.L.C. 8.50% of their portfolio NEW YORK, NY 757,070757.1k $9.2m $9.2m 8.50% New
29 KEYSTONE INVESTORS PTE LTD 3.54% of their portfolio SINGAPORE, U0 609,026609.0k $7.4m $7.4m 3.54% First filing
30 Mesirow Institutional Investment Management, Inc. 0.94% of their portfolio CHICAGO, IL 586,820586.8k $7.1m $7.1m 0.94% Reduced -152.2k -152,195
31 DAVENPORT & Co LLC 0.06% of their portfolio RICHMOND, VA 582,953583.0k $7.1m $7.1m 0.06% New
32 Berry Street Capital Management LLP 3.18% of their portfolio LONDON, X0 500,000500.0k $6.1m $6.1m 3.18% New
33 Balyasny Asset Management L.P. 0.02% of their portfolio Chicago, IL 455,583455.6k $5.5m $5.5m 0.02% Added +428.6k +428,606
34 HRT FINANCIAL LP 0.08% of their portfolio NEW YORK, NY 455,477455.5k $5.5m $5.5m 0.08% New
35 FMR LLC 0.00% of their portfolio BOSTON, MA 414,576414.6k $5.0m $5.0m 0.00% Added +399.1k +399,057
36 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 382,930382.9k $4.6m $4.6m 0.00% Reduced -59.5k -59,456
37 Swiss National Bank 0.00% of their portfolio ZURICH, V8 324,254324.3k $3.9m $3.9m 0.00% Added +32.1k +32,104
38 MIRABELLA FINANCIAL SERVICES LLP 0.31% of their portfolio London, X0 285,000285.0k $3.4m $3.4m 0.31% Reduced -3.3m -3,318,745
39 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 280,814280.8k $3.4m $3.4m 0.00% Added +6.0k +5,990
40 Numerai GP LLC 2.19% of their portfolio SAN FRANCISCO, CA 264,258264.3k $3.2m $3.2m 2.19% First filing
41 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 238,584238.6k $2.8m $2.8m 0.00% Added +221.2k +221,166
42 Cubist Systematic Strategies, LLC 0.02% of their portfolio STAMFORD, CT 231,706231.7k $2.8m $2.8m 0.02% Reduced -230.7k -230,723
43 Forest Avenue Capital Management LP 2.96% of their portfolio MIAMI, FL 229,600229.6k $2.8m $2.8m 2.96% First filing
44 Quadrature Capital Ltd 0.08% of their portfolio LONDON, X0 211,791211.8k $2.6m $2.6m 0.08% Added +119.2k +119,245
45 UBS Group AG 0.00% of their portfolio ZURICH, V8 209,917209.9k $2.5m $2.5m 0.00% Added +169.5k +169,494
46 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 205,373205.4k $2.5m $2.5m 0.00% Reduced -572.0k -571,993
47 Quantbot Technologies LP 0.18% of their portfolio NEW YORK, NY 204,692204.7k $2.5m $2.5m 0.18% Added +157.2k +157,218
48 Global IMC LLC 0.64% of their portfolio SOLANA BEACH, CA 204,034204.0k $2.5m $2.5m 0.64% Reduced -113.2k -113,216
49 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 200,755200.8k $2.4m $2.4m 0.00% Added +34.4k +34,400
50 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 194,133194.1k $2.4m $2.4m 0.00% Added +1.1k +1,093
51 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 185,413185.4k $2.2m $2.2m 0.00% Reduced -354.7k -354,662
52 Boston Partners 0.00% of their portfolio BOSTON, MA 173,043173.0k $2.1m $2.1m 0.00% New
53 QVT Financial LP 0.12% of their portfolio New York, NY 164,135164.1k $2.0m $2.0m 0.12% New
54 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 155,560155.6k $1.9m $1.9m 0.00% Added +22.7k +22,664
55 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 148,324148.3k $1.8m $1.8m 0.00% Reduced -41.9k -41,882
56 Sand Grove Capital Management LLP 0.16% of their portfolio LONDON, X0 134,265134.3k $1.6m $1.6m 0.16% New
57 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 130,100130.1k $1.6m $1.6m 0.01% Reduced -409.1k -409,100
58 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 112,105112.1k $1.4m $1.4m 0.00% Added +1.2k +1,153
59 Dynamic Technology Lab Private Ltd 0.13% of their portfolio SINGAPORE, U0 110,163110.2k $1.3m $1.3m 0.13% Reduced -129.3k -129,265
60 NOMURA HOLDINGS INC 0.01% of their portfolio TOKYO, M0 102,599102.6k $1.2m $1.2m 0.01% Added +40.0k +40,000
61 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 96,72696.7k $1.2m $1.2m 0.00% Added +833 +833
62 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 89,90089.9k $1.1m $1.1m 0.00% Reduced -37 -37
63 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 88,45088.5k $1.1m $1.1m 0.02% Added +56.8k +56,770
64 Man Group plc 0.00% of their portfolio LONDON, X0 87,62787.6k $1.1m $1.1m 0.00% New
65 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 85,32885.3k $1.0m $1.0m 0.00% Reduced -3.1m -3,089,207
66 Watershed Asset Management, L.L.C. 1.09% of their portfolio San Francisco, CA 71,00071.0k $861.9k $861.9k 1.09% New
67 Evermore Global Advisors, LLC 3.11% of their portfolio Summit, NJ 67,40467.4k $818.3k $818.3k 3.11% Reduced -7.5k -7,450
68 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 62,11562.1k $754.1k $754.1k 0.00% Unchanged
69 Kula Investments, LLC 0.22% of their portfolio CHICAGO, IL 61,67161.7k $748.7k $748.7k 0.22% First filing
70 Informed Momentum Co LLC 0.15% of their portfolio SOLANA BEACH, CA 59,30059.3k $719.9k $719.9k 0.15% Reduced -50.0k -50,016
71 AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio New York, NY 58,99559.0k $716.2k $716.2k 0.01% Reduced -214 -214
72 Tidal Investments LLC 0.03% of their portfolio Milwaukee, WI 58,92458.9k $715.0k $715.0k 0.03% Added +21.8k +21,793
73 Aquatic Capital Management LLC 0.05% of their portfolio CHICAGO, IL 56,20056.2k $683.0k $683.0k 0.05% Reduced -29.2k -29,200
74 DUALITY ADVISERS, LP 0.07% of their portfolio MIAMI, FL 51,37351.4k $623.7k $623.7k 0.07% Reduced -12.2k -12,245
75 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 49,78849.8k $604.4k $604.4k 0.00% Added +532 +532
76 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 48,08448.1k $583.7k $583.7k 0.00% Unchanged
77 CAPITAL FUND MANAGEMENT S.A. 0.01% of their portfolio PARIS, I0 47,52047.5k $576.9k $576.9k 0.01% Added +27.9k +27,863
78 Engineers Gate Manager LP 0.03% of their portfolio NEW YORK, NY 46,30846.3k $562.2k $562.2k 0.03% New
79 PDT Partners, LLC 0.08% of their portfolio New York, NY 43,41443.4k $521.1k $521.1k 0.08% Added +4.2k +4,150
80 Integrated Advisors Network LLC 0.03% of their portfolio DALLAS, TX 42,96343.0k $521.6k $521.6k 0.03% Unchanged
81 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 42,36142.4k $514.3k $514.3k 0.00% Reduced -23.5k -23,524
82 Banco BTG Pactual S.A. 0.27% of their portfolio RIO DE JANEIRO, D5 38,61438.6k $468.8k $468.8k 0.27% New
83 Susquehanna International Securities, Ltd. 0.33% of their portfolio DUBLIN, L2 38,00038.0k $460.0k $460.0k 0.33% New
84 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 37,01837.0k $449.4k $449.4k 0.00% Added +250 +250
85 Aigen Investment Management, LP 0.06% of their portfolio NEW YORK, NY 36,22336.2k $439.7k $439.7k 0.06% Reduced -90.1k -90,115
86 Point72 Middle East FZE 0.03% of their portfolio DUBAI, C0 35,00235.0k $424.9k $424.9k 0.03% First filing
87 SHELL ASSET MANAGEMENT CO 0.02% of their portfolio THE HAGUE, P7 32,24132.2k $385.0k $385.0k 0.02% Reduced -6.2k -6,173
88 WINTON GROUP Ltd 0.03% of their portfolio LONDON, X0 31,34631.3k $380.5k $380.5k 0.03% New
89 Larson Financial Group LLC 0.04% of their portfolio ST LOUIS, MO 28,52328.5k $346.3k $346.3k 0.04% Reduced -2.9k -2,867
90 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 27,00927.0k $327.0k $327.0k 0.00% Added +7.7k +7,746
91 Edgestream Partners, L.P. 0.04% of their portfolio Princeton, NJ 26,94826.9k $327.1k $327.1k 0.04% Reduced -91.3k -91,329
92 Cipher Capital LP 0.06% of their portfolio New York, NY 25,83825.8k $313.7k $313.7k 0.06% Reduced -15.6k -15,607
93 THOMPSON DAVIS & CO., INC. 0.44% of their portfolio RICHMOND, VA 25,52525.5k $309.9k $309.9k 0.44% New
94 Bayesian Capital Management, LP 0.05% of their portfolio Brooklyn, NY 25,50025.5k $309.6k $309.6k 0.05% Added +6.4k +6,400
95 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 24,79424.8k $301.0k $301.0k 0.00% Added +3.6k +3,647
96 MARATHON CAPITAL MANAGEMENT 0.08% of their portfolio Hunt Valley, MD 24,50024.5k $297.4k $297.4k 0.08% Unchanged
97 Qsemble Capital Management, LP 0.21% of their portfolio New York, NY 24,50024.5k $297.4k $297.4k 0.21% First filing
98 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 23,78623.8k $288.8k $288.8k 0.00% Reduced -36.3k -36,261
99 Clear Harbor Asset Management, LLC 0.03% of their portfolio Stamford, CT 22,40522.4k $272.0k $272.0k 0.03% Reduced -100 -100
100 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 22,28222.3k $270.5k $270.5k 0.00% New