TRANSOCEAN INC

CUSIP: 893830BW8 Class: DEB 4.625% 9/3

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (4)

MOORE CAPITAL MANAGEMENT, LP

Value ($000) $27,525 Shares 20,000,000

Sculptor Capital LP

Value ($000) $21,400 Shares 15,500,000

MIZUHO SECURITIES USA LLC

Value ($000) $10,253 Shares 7,287,000

Jefferies Financial Group Inc.

Value ($000) $2,203 Shares 1,607,000

Institution	Shares	Value ($000)
MOORE CAPITAL MANAGEMENT, LP	20,000,000	$27,525
Sculptor Capital LP	15,500,000	$21,400
MIZUHO SECURITIES USA LLC	7,287,000	$10,253
Jefferies Financial Group Inc.	1,607,000	$2,203

Increased Positions (4)

Value ($000) $37,621 (+37.0%) Shares 27,333,000 (+19.8%)

Hudson Bay Capital Management LP

Value ($000) $170,039 (+19.6%) Shares 123,646,000 (+4.7%)

TWO SIGMA INVESTMENTS, LP

Value ($000) $24,750 (+61.6%) Shares 18,000,000 (+38.5%)

WELLS FARGO & COMPANY/MN

Value ($000) $2,409 (+22.0%) Shares 1,796,000 (+11.1%)

Institution	Prev Shares	Curr Shares	Change
CSS LLC/IL	22,822,000	27,333,000	+4,511,000 (+19.8%)
Hudson Bay Capital Management LP	118,146,000	123,646,000	+5,500,000 (+4.7%)
TWO SIGMA INVESTMENTS, LP	13,000,000	18,000,000	+5,000,000 (+38.5%)
WELLS FARGO & COMPANY/MN	1,617,000	1,796,000	+179,000 (+11.1%)

Decreased Positions (2)

DLD Asset Management, LP

Value ($000) $35,913 (+0.8%) Shares 26,000,000 (-11.9%)

LORD, ABBETT & CO. LLC

Value ($000) $16 (-50.3%) Shares 11,547,000 (-57.5%)

Institution	Prev Shares	Curr Shares	Change
DLD Asset Management, LP	29,500,000	26,000,000	-3,500,000 (-11.9%)
LORD, ABBETT & CO. LLC	27,145,000	11,547,000	-15,598,000 (-57.5%)

Exited Positions (2)

AQR Arbitrage LLC

Value ($000) $42,765 Shares 36,150,000

SHENKMAN CAPITAL MANAGEMENT INC

Value ($000) $5,439 Shares 4,506,000

Institution	Prev Shares	Prev Value ($000)
AQR Arbitrage LLC	36,150,000	$42,765
SHENKMAN CAPITAL MANAGEMENT INC	4,506,000	$5,439