Vault-13

FRONTLINE LTD

SHS NEW · CUSIP G3682E192

11 institutional holders -137 vs Q4 2022
9,958,77210.0m shares reported held*
$164.9mreported value*
3 new 1 added 5 reduced 138 sold out net sold ≈ $1.2bn (-72.3m 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. Holder counts are more reliable. Implied quarter-end price ≈ $16.56.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 160Q4 22: 148Q1 23: 1111Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022160
Q4 2022148
Q1 202311

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 78 bought or addedQ4 22: 94 cut or sold outQ4 22Q1 23: 4 bought or addedQ1 23: 143 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20227894
Q1 20234143

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 3.07Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$8.3m$11.1m1.34
Q4 2022$10.5m$32.3m3.07
Q1 2023$0$0—

Biggest buyers

Yong Rong (HK) Asset Management Ltd New +205,000+205.0k
CAPITAL FUND MANAGEMENT S.A. Added +69,594+69.6k
FNY Investment Advisers, LLC New +13,565+13.6k
Glassman Wealth Services New +171+171

Biggest sellers

BlackRock Inc. Sold out -6,335,125-6.3m
TWO SIGMA INVESTMENTS, LP Sold out -5,133,763-5.1m
VANGUARD GROUP INC Sold out -4,874,295-4.9m
MILLENNIUM MANAGEMENT LLC Sold out -4,483,826-4.5m
TWO SIGMA ADVISERS, LP Sold out -4,477,000-4.5m
ANTIPODES PARTNERS Ltd Reduced -3,692,024-3.7m
D. E. Shaw & Co., Inc. Sold out -3,528,072-3.5m
Bank of New York Mellon Corp Sold out -2,916,272-2.9m
CITADEL ADVISORS LLC Sold out -2,497,559-2.5m
BARCLAYS PLC Sold out -2,142,867-2.1m

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FOLKETRYGDFONDET 3.32% of their portfolio OSLO, Q8 8,445,6648.4m $139.9m $139.9m 3.32% Reduced -588.5k -588,482
2 KEYSTONE INVESTORS PTE LTD 2.00% of their portfolio SINGAPORE, U0 604,607604.6k $10.0m $10.0m 2.00% Reduced -4.4k -4,419
3 ARMOR ADVISORS, L.L.C. 8.10% of their portfolio NEW YORK, NY 570,570570.6k $9.4m $9.4m 8.10% Reduced -186.5k -186,500
4 Yong Rong (HK) Asset Management Ltd 1.90% of their portfolio SHEUNG WAN, K3 205,000205.0k $3.4m $3.4m 1.90% New
5 CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio PARIS, I0 117,114117.1k $1.9m $1.9m 0.04% Added +69.6k +69,594
6 FNY Investment Advisers, LLC 0.26% of their portfolio NEW YORK, NY 13,56513.6k $224.0k $224.0k 0.26% New
7 ANTIPODES PARTNERS Ltd 0.00% of their portfolio ROYAL EXCHANGE, C3 2,0122.0k $33.0k $33.0k 0.00% Reduced -3.7m -3,692,024
8 Glassman Wealth Services 0.00% of their portfolio VIENNA, VA 171171 $2.8k $2.8k 0.00% New
9 BOYD WATTERSON ASSET MANAGEMENT LLC/OH 0.00% of their portfolio CLEVELAND, OH 5555 $911 $911 0.00% Unchanged
10 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 1414 $0 $0 0.00% Reduced -30 -30
11 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged