TidewaterTDW

13F holders, Q4 2024 (December 31)
296holders −12
57new positions
80sold out
7famous investors
$54.82avg. 13F price*

At the end of Q4 2024, 296 institutions reported holding Tidewater Inc. (TDW) in their 13F filings, down 12 from Q3 2024. 57 opened new positions and 80 sold out. The largest holders were BlackRock, Inc. ($390.6M), Vanguard Group Inc. ($300.2M) and Neuberger Berman Group LLC ($166.1M). 7 famous investors held it, including Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio), Joel Greenblatt (0.0% of Gotham Asset Management's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).

Company
Tidewater Inc.
CUSIP
88642R109
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300400 Q1 2024: 281Q1 2024Q2 2024: 314Q2 2024Q3 2024: 308Q3 2024Q4 2024: 296Q4 2024Q1 2025: 298Q1 2025Q2 2025: 306Q2 2025Q3 2025: 326Q3 2025Q4 2025: 335Q4 2025Q1 2026: 365Q1 2026Q2 2026: 362Q2 2026

Total Exit/New Position Q3 2024 → Q4 2024

InstitutionsTotal Value
New Positions57$107.7M
Exits80$194.2M

All 13F filers, Q3 2024 → Q4 2024: 8,475,818 shares bought and 8,753,864 shares sold, net −278,046 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 296 holders

BlackRock, Inc. 0.01% Add +2.8% 7,139,708 $390.6M
Vanguard Group Inc. 0.01% Add +1.1% 5,486,286 $300.2M
Neuberger Berman Group LLC 0.13% Add +23.1% 3,036,398 $166.1M
Robotti Robert 25.28% Add +1.1% 2,632,980 $144.1M
FMR LLC 0.01% Reduce -26.7% 2,416,407 $132.2M
T. Rowe Price Associates Inc. 0.01% Add +20.4% 2,306,313 $126.2M
State Street Corp. 0.00% Add +6.4% 1,987,361 $108.7M
Encompass Capital Advisors LLC 3.71% Add +17.7% 1,582,328 $86.6M
Dimensional Fund Advisors LP 0.02% Add +22.6% 1,551,729 $84.9M
Pacer Advisors, Inc. 0.17% Add +42719.6% 1,394,207 $76.3M
Geode Capital Management, LLC 0.00% Reduce -0.4% 1,088,782 $59.6M
Ameriprise Financial Inc. 0.01% Add +13.2% 867,875 $47.5M
Goldentree Asset Management LP 3.71% New 849,507 $46.4M
Van Eck Associates Corp. 0.06% Add +17.5% 836,253 $45.8M
Morgan Stanley 0.00% Add +10.8% 798,909 $43.7M
Cerity Partners LLC 0.08% Reduce -11.9% 535,862 $35.4M
Pilgrim Global Advisors LLC 6.33% Reduce -0.3% 633,058 $34.6M
Frontier Capital Management Co. LLC 0.32% Add +51.5% 624,236 $34.2M
Norges Bank 0.00% No change 592,000 $32.4M
Third Avenue Management LLC 6.23% Add +22.2% 588,179 $32.2M
HSBC Holdings PLC 0.02% Reduce -3.8% 547,474 $29.9M
Silvercrest Asset Management Group LLC 0.19% Add +15.2% 531,981 $29.1M
UBS Group AG 0.01% Add +849.5% 508,970 $27.8M
Northern Trust Corp. 0.00% Add +6.2% 495,350 $27.1M
Charles Schwab Investment Management Inc. 0.01% Add +12.9% 490,793 $26.9M
Villere St Denis J & Co. LLC 2.46% Add +35.1% 486,808 $26.6M
Deutsche Bank AG 0.01% Add +73.5% 486,151 $26.6M
Praetorian PR LLC 9.85% Add +34.7% 431,000 $23.6M
Bank of New York Mellon Corp 0.00% Reduce -3.6% 385,084 $21.1M
Loomis Sayles & Co. L P 0.03% Reduce -8.3% 383,887 $21.0M
Empire Life Investments Inc. 1.31% Add +29.6% 380,890 $20.8M
Goldman Sachs Group Inc. 0.00% Add +0.7% 359,953 $19.7M
Progeny 3, Inc. 1.50% Add +13.3% 344,639 $18.9M
Voloridge Investment Management, LLC 0.07% Add +110.7% 340,103 $18.6M
Punch & Associates Investment Management, Inc. 0.97% Add +37.7% 321,987 $17.6M
Wellington Management Group LLP 0.00% Reduce -31.5% 296,513 $16.2M
Condire Management, LP 2.27% No change 285,900 $15.6M
Principal Financial Group Inc. 0.01% Add +4.1% 276,113 $15.1M
Emerald Advisers, LLC 0.54% Reduce -4.1% 254,124 $13.9M
Valueworks LLC 4.48% Reduce -3.9% 245,891 $13.5M
Freestone Grove Partners LP 0.15% — 229,831 $12.6M
Qube Research & Technologies Ltd 0.02% Add +52.0% 225,097 $12.3M
Assenagon Asset Management S.A. 0.02% Add +59.1% 222,725 $12.2M
Thompson Siegel & Walmsley LLC 0.19% Add +135.6% 219,183 $12.0M
Hosking Partners LLP 0.47% Reduce -5.8% 217,763 $11.9M
Squarepoint Ops LLC 0.03% Add +89.4% 208,744 $11.4M
Marshall Wace, LLP 0.01% Reduce -65.1% 204,718 $11.2M
Invesco Ltd. 0.00% Reduce -64.3% 201,018 $11.0M
JPMorgan Chase & Co. 0.00% Reduce -73.7% 194,984 $10.7M
Flat Footed LLC 7.41% New 186,329 $10.2M
Millennium Management 0.01% Reduce -47.0% 177,992 $9.7M
Naviter Wealth, LLC 1.11% Add +33.0% 167,665 $9.2M
Emerald Mutual Fund Advisers Trust 0.55% Reduce -11.9% 165,893 $9.1M
Harbor Capital Advisors, Inc. 0.37% Add +23.9% 154,112 $8.4M
Montag A & Associates Inc. 0.40% Reduce -29.0% 151,834 $8.3M
Barclays PLC 0.00% Add +81.8% 143,374 $7.8M
Nuveen Asset Management, LLC 0.00% Reduce -2.3% 134,225 $7.3M
Renaissance Technologies 0.01% New 131,683 $7.2M
Rhumbline Advisers 0.01% Reduce -1.4% 130,591 $7.1M
Lloyd Harbor Capital Management, LLC 4.31% New 120,414 $6.6M
Sagil Capital LLP 6.16% New 120,000 $6.6M
Public Sector Pension Investment Board 0.03% Add +17.0% 119,882 $6.6M
American Family Investments, Inc. 0.32% No change 119,817 $6.6M
Intech Investment Management LLC 0.06% Add +376.1% 118,570 $6.5M
Susquehanna International Group, LLP 0.01% Reduce -20.2% 116,535 $6.4M
Philadelphia Trust Co. 0.43% Reduce -6.3% 107,791 $5.9M
De Lisle Partners LLP 0.86% Add +57.4% 107,573 $5.9M
Legal & General Group Plc 0.00% Add +0.1% 99,509 $5.4M
Hodges Capital Management Inc. 0.32% Add +103.0% 96,650 $5.3M
First Pacific Advisors, LP 0.07% No change 94,961 $5.2M
Stifel Financial Corp. 0.00% Add +463.2% 85,348 $4.7M
Raymond James Financial Inc. 0.00% — 79,446 $4.3M
Allianz Asset Management GmbH 0.01% Add +9.0% 76,484 $4.2M
AQR Capital Management 0.01% Add +428.3% 71,722 $3.9M
Wells Fargo & Company 0.00% Reduce -30.2% 68,508 $3.7M
Citigroup Inc. 0.00% Add +13.1% 66,045 $3.6M
Slate Path Capital LP 0.06% Reduce -90.4% 62,350 $3.4M
Tribune Investment Group LP 1.84% — 60,000 $3.3M
Trexquant Investment LP 0.04% Reduce -31.5% 58,626 $3.2M
Prudential Financial Inc. 0.00% Reduce -7.4% 57,911 $3.2M
River Road Asset Management, LLC 0.04% Reduce -4.2% 55,390 $3.0M
Russell Investments Group, Ltd. 0.00% Add +0.9% 55,202 $3.0M
Citadel Advisors 0.00% Reduce -71.8% 54,982 $3.0M
Gsa Capital Partners LLP 0.21% Add +1444.9% 52,357 $2.9M
First Manhattan Co. Llc. 0.01% New 52,150 $2.9M
Alliancebernstein L.P. 0.00% Reduce -0.0% 52,130 $2.9M
Pinnacle Associates Ltd. 0.04% Add +52.1% 50,441 $2.8M
American Century Companies Inc. 0.00% Add +64.7% 47,523 $2.6M
Victory Capital Management Inc. 0.00% Reduce -77.2% 45,694 $2.5M
CANADA LIFE ASSURANCE Co 0.00% No change 43,171 $2.4M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Add +8.4% 42,902 $2.3M
VELA Investment Management, LLC 0.77% Add +73.4% 41,319 $2.3M
Raffles Associates LP 2.42% New 41,000 $2.2M
Tejara Capital Ltd 1.42% New 39,600 $2.2M
Man Group plc 0.01% New 39,519 $2.2M
Mraz, Amerine & Associates, Inc. 0.38% Add +4.0% 39,256 $2.1M
Thrivent Financial for Lutherans 0.00% Reduce -1.9% 37,208 $2.0M
Value Holdings Management Co. LLC 0.31% New 32,500 $1.8M
Old West Investment Management, LLC 0.71% New 32,040 $1.8M
Bank of America Corp. 0.00% Reduce -66.9% 31,877 $1.7M
Comerica Bank 0.01% Add +67.1% 30,607 $1.7M
Hara Capital LLC 1.04% No change 30,027 $1.6M
MetLife Investment Management, LLC 0.01% Add +5.8% 29,772 $1.6M
Varde Management, L.P. 1.31% New 28,390 $1.6M
Manufacturers Life Insurance Company, The 0.00% Add +0.1% 27,979 $1.5M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Add +4.0% 27,757 $1.5M
State of Alaska, Department of Revenue 0.02% Reduce -0.6% 27,395 $1.5M
Illinois Municipal Retirement Fund 0.02% Reduce -15.2% 27,043 $1.5M
Pekin Hardy Strauss, Inc. 0.19% Add +160.3% 26,959 $1.5M
Grizzlyrock Capital, LLC 1.52% New 26,600 $1.5M
Van Hulzen Asset Management, LLC 0.10% Add +211.3% 26,184 $1.4M
Corebridge Financial, Inc. 0.01% Reduce -7.3% 25,948 $1.4M
Epacria Capital Partners, LLC 1.19% Add +234.4% 25,595 $1.4M
CI Investments Inc. 0.01% Add +138.6% 25,555 $1.4M
Glenorchy Capital Ltd 1.00% Add +11.9% 25,419 $1.4M
Marathon Partners Equity Management, LLC 1.32% — 25,000 $1.4M
JB Capital Partners LP 0.26% No change 25,000 $1.4M
Resolute Capital Asset Partners LLC 0.73% New 24,900 $1.4M
Swiss National Bank 0.00% No change 24,700 $1.4M
Amitell Capital Pte Ltd 1.21% Add +227.9% 24,459 $1.3M
First Trust Advisors LP 0.00% Reduce -60.5% 24,226 $1.3M
New York State Teachers Retirement System 0.00% Reduce -3.7% 23,800 $1.3M
Pursue Wealth Partners LLC 0.74% New 23,713 $1.3M
Louisiana State Employees Retirement System 0.02% No change 23,300 $1.3M
Mariner, LLC 0.00% Add +152.8% 22,864 $1.3M
Bryce Point Capital, LLC 0.35% — 22,318 $1.2M
Osaic Holdings, Inc. 0.00% Reduce -8.1% 21,958 $1.2M
J. Goldman & Co LP 0.04% New 21,767 $1.2M
Wittenberg Investment Management, Inc. 0.46% Reduce -2.3% 21,452 $1.2M
Edgestream Partners, L.P. 0.05% Reduce -43.3% 21,221 $1.2M
Boston Partners 0.00% Reduce -98.4% 21,136 $1.2M
CoreCommodity Management, LLC 0.22% Add +195.7% 20,285 $1.1M
Anthracite Investment Company, Inc. 0.55% No change 20,000 $1.1M
State of Tennessee, Department of Treasury 0.00% Reduce -2.7% 19,492 $1.1M
Royal Bank of Canada 0.00% Reduce -83.0% 18,891 $1.0M
Voya Investment Management LLC 0.00% Reduce -95.0% 18,499 $1.0M
Gotham Asset Management 0.01% New 18,464 $1.0M
Yousif Capital Management, LLC 0.01% Reduce -2.4% 18,242 $998K
New York State Common Retirement Fund 0.00% No change 18,122 $991K
FORA Capital, LLC 0.11% New 17,851 $977K
Tectonic Advisors LLC 0.06% Add +2.3% 17,574 $961K
Teachers Retirement System of the State of Kentucky 0.01% No change 17,000 $930K
HighTower Advisors, LLC 0.00% Add +18.9% 16,743 $916K
Maryland State Retirement & Pension System 0.02% Reduce -0.8% 16,184 $885K
PEAK6 LLC 0.03% — 15,739 $861K
Pecaut & Co. 0.28% Reduce -48.3% 15,000 $821K
ProShare Advisors LLC 0.00% Add +44.5% 14,688 $804K
California State Teachers Retirement System 0.00% Reduce -1.2% 14,433 $790K
Amalgamated Bank 0.01% Reduce -0.8% 14,050 $769K
IMC-Chicago, LLC 0.02% New 13,985 $765K
Oxford Asset Management LLP 0.35% New 13,920 $762K
Wolverine Trading, LLC 0.02% Add +40.2% 13,602 $724K
Harbour Capital Advisors, LLC 0.16% New 12,470 $704K
Cynosure Group, LLC 0.10% Add +29.2% 12,429 $680K
Ensign Peak Advisors, Inc 0.00% No change 12,185 $667K
Jane Street Group, LLC 0.00% Reduce -72.9% 12,122 $663K
Creative Planning 0.00% Add +20.1% 11,877 $650K
Oregon Public Employees Retirement Fund 0.01% Reduce -0.9% 11,279 $617K
Landscape Capital Management, L.L.C. 0.06% Reduce -15.3% 10,662 $583K
Guggenheim Capital LLC 0.00% Add +15.1% 10,556 $578K
D. E. Shaw & Co. 0.00% Reduce -23.0% 10,463 $572K
Nebula Research & Development LLC 0.07% Add +84.2% 10,459 $572K
NewEdge Advisors, LLC 0.00% Add +66.3% 10,439 $571K
Police & Firemen's Retirement System of New Jersey 0.01% — 10,385 $568K
Commonwealth of Pennsylvania Public School Empls Retrmt SYS 0.00% Reduce -0.4% 10,277 $562K
Diversified Investment Strategies, LLC 0.36% New 10,000 $547K
CSS LLC 0.10% New 10,000 $547K
Profund Advisors LLC 0.02% Add +19.3% 9,838 $538K
Estabrook Capital Management 0.08% Reduce -2.0% 9,800 $536K
GAMCO Investors 0.01% Reduce -0.6% 8,980 $491K
Capricorn Fund Managers Ltd 0.21% No change 9,000 $479K
Group One Trading LLC 0.02% Add +155.5% 8,268 $452K
Readystate Asset Management LP 0.03% New 8,089 $443K
Inspire Investing, LLC 0.05% Add +27.6% 7,971 $436K
SG Americas Securities, LLC 0.00% Reduce -25.1% 7,783 $426K
Beirne Wealth Consulting Services, LLC 0.15% No change 7,500 $410K
Mutual of America Capital Management LLC 0.00% Add +0.4% 7,292 $399K
CenterBook Partners LP 0.02% Reduce -97.7% 7,281 $398K
Balyasny Asset Management L.P. 0.00% Reduce -47.2% 7,271 $398K
Marex Group Ltd 0.01% New 7,269 $398K
Pathstone Holdings, LLC 0.00% New 6,990 $382K
BNP Paribas Financial Markets 0.00% Reduce -73.0% 6,963 $381K
LPL Financial LLC 0.00% Add +23.2% 6,944 $380K
Capstone Investment Advisors, LLC 0.00% New 6,754 $370K
Bleakley Financial Group, LLC 0.01% New 6,735 $368K
Captrust Financial Advisors 0.00% Add +26.5% 6,659 $364K
Janus Henderson Group PLC 0.00% No change 6,422 $352K
Diametric Capital, LP 0.22% New 6,046 $331K
Aristides Capital LLC 0.10% New 6,000 $328K
X-Square Capital, LLC 0.13% No change 6,000 $328K
Schroder Investment Management Group 0.00% New 5,956 $317K
Chicago Partners Investment Group LLC 0.01% Reduce -0.1% 5,619 $314K
Militia Capital Partners, LP 0.29% — 5,500 $301K
Capital Wealth Planning, LLC 0.00% New 5,500 $301K
Commonwealth Equity Services, LLC 0.00% New 5,348 $293K
Private Advisor Group, LLC 0.00% Add +9.5% 5,315 $291K
Bank of Montreal 0.00% Add +13.2% 5,313 $291K
Orchard Capital Management, LLC 0.11% Add +4.8% 5,299 $290K
XTX Topco Ltd 0.02% Reduce -65.5% 5,168 $283K
180 Wealth Advisors, LLC 0.04% Add +26.9% 5,035 $275K
Ameritas Investment Partners, Inc. 0.01% No change 4,941 $270K
Sei Investments Co. 0.00% Reduce -59.9% 4,856 $266K
Alps Advisors Inc. 0.00% No change 4,850 $265K
Lido Advisors, LLC 0.00% New 4,585 $251K
Cibc World Markets Corp. 0.00% New 4,564 $250K
Drive Wealth Management, LLC 0.06% New 4,250 $233K
Tower Research Capital LLC (TRC) 0.00% Add +13.0% 4,154 $227K
MAI Capital Management 0.00% New 4,068 $223K
Crossmark Global Holdings, Inc. 0.00% No change 4,064 $222K
Alhambra Investment Management LLC 0.11% New 4,024 $220K
Fermata Advisors, LLC 0.04% Add +20.7% 3,970 $217K
US Bancorp \de 0.00% Reduce -47.1% 3,932 $215K
Allegheny Financial Group 0.05% New 3,864 $211K
Graham Capital Management, L.P. 0.01% New 3,855 $211K
Alpine Woods Capital Investors, LLC 0.04% Reduce -85.8% 3,819 $209K
Ieq Capital, LLC 0.00% No change 3,785 $207K
Tidal Investments LLC 0.00% Add +4.5% 3,734 $204K
State Board of Administration of Florida Retirement System 0.00% No change 3,721 $204K
Arizona State Retirement System 0.00% Add +0.3% 3,657 $200K
Spire Wealth Management 0.01% Add +79.7% 3,485 $191K
Advisors Asset Management, Inc. 0.00% Reduce -1.9% 3,443 $188K
New Age Alpha Advisors, LLC 0.01% New 2,796 $153K
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% No change 2,696 $147K
KLP Kapitalforvaltning As 0.00% — 2,400 $131K
Meeder Asset Management Inc. 0.01% New 1,996 $109K
Exchange Traded Concepts, LLC 0.00% Reduce -71.1% 1,913 $105K
Covestor Ltd 0.06% Add +54.9% 1,819 $100K
FNY Investment Advisers, LLC 0.05% New 1,750 $95K
PNC Financial Services Group, Inc. 0.00% Reduce -40.3% 1,711 $94K
Steward Partners Investment Advisory, LLC 0.00% Add +336.3% 1,588 $87K
Quadrant Capital Group LLC 0.01% Reduce -17.8% 1,483 $81K
Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna 0.03% No change 1,500 $80K
Clearstead Advisors, LLC 0.00% Reduce -42.4% 1,332 $73K
Venturi Wealth Management, LLC 0.00% Add +2018.3% 1,271 $70K
EverSource Wealth Advisors, LLC 0.00% Add +45.5% 1,065 $58K
IFP Advisors, Inc 0.00% Add +0.2% 977 $53K
Headlands Technologies LLC 0.01% New 975 $53K
Cwm, LLC 0.00% Add +142.9% 974 $53K
High Note Wealth, LLC 0.01% New 900 $49K
Signaturefd, LLC 0.00% Reduce -5.3% 846 $46K
AlphaQuest LLC 0.01% Add +177.4% 799 $44K
Founders Capital Management 0.02% No change 700 $38K
Federation des caisses Desjardins du Quebec 0.00% Add +40.0% 700 $38K
Fortitude Family Office, LLC 0.01% New 609 $33K
Nisa Investment Advisors, LLC 0.00% Reduce -16.1% 541 $30K
GAMMA Investing LLC 0.00% Reduce -34.1% 462 $25K
SBI Securities Co., Ltd. 0.00% — 390 $21K
Lindbrook Capital, LLC 0.00% Reduce -18.0% 364 $20K
Fifth Third Bancorp 0.00% Add +108.7% 336 $18K
Banque Transatlantique SA 0.00% — 300 $15K
Aster Capital Management (DIFC) Ltd 0.00% Add +2957.1% 214 $12K
Bollard Group LLC 0.00% No change 200 $11K
Spartan Fund Management Inc. 0.04% No change 200 $11K
Parallel Advisors, LLC 0.00% Reduce -36.1% 195 $11K
ORG Partners LLC 0.00% No change 185 $10K
Bessemer Group Inc. 0.00% Add +367.5% 187 $10K
CIBC Private Wealth Group LLC 0.00% Add +6.6% 161 $9K
Smartleaf Asset Management LLC 0.00% Add +69.7% 168 $9K
Geneos Wealth Management Inc. 0.00% No change 160 $9K
Global Retirement Partners, LLC 0.00% Add +500.0% 156 $9K
UMB Bank, n.a. 0.00% Add +219.4% 115 $6K
HM Payson & Co. 0.00% New 100 $5K
Larson Financial Group LLC 0.00% New 96 $5K
Capital Advisors, Ltd. LLC 0.00% No change 73 $4K
Rothschild Investment LLC 0.00% Add +160.0% 65 $4K
Creative Financial Designs Inc. 0.00% No change 50 $3K
Sterling Capital Management LLC 0.00% No change 50 $3K
Washington Trust Advisors, Inc. 0.00% No change 47 $3K
Caitong International Asset Management Co., Ltd 0.00% — 38 $2K
Householder Group Estate & Retirement Specialist, LLC 0.00% Reduce -88.4% 48 $2K
Farmers & Merchants Investments Inc. 0.00% No change 30 $2K
West Paces Advisors Inc. 0.00% New 28 $2K
Northwestern Mutual Wealth Management Co. 0.00% No change 28 $2K
Private Wealth Management Group, LLC 0.00% New 23 $1K
Avion Wealth 0.00% Add +83.3% 22 $1K
Sierra Ocean, LLC 0.00% — 15 $821
Arax Advisory Partners 0.00% New 14 $766
Assetmark, Inc. 0.00% New 13 $711
Lanark Financial, Inc. 0.06% — 12 $707
Ancora Advisors LLC 0.00% New 11 $602
Brooklyn Investment Group 0.00% New 10 $548
JFS Wealth Advisors, LLC 0.00% Reduce -52.6% 9 $493
Huntington National Bank 0.00% Reduce -35.7% 9 $492
Farther Finance Advisors, LLC 0.00% No change 9 $492
Allworth Financial LP 0.00% New 8 $441
Parkside Financial Bank & Trust 0.00% Add +166.7% 8 $438
SJS Investment Consulting Inc. 0.00% Reduce -12.5% 7 $383
WealthTrak Capital Management LLC 0.00% — 5 $274
DiNuzzo Private Wealth, Inc. 0.00% No change 5 $274
Anfield Capital Management, LLC 0.00% New 4 $219
Transce3nd, LLC 0.00% — 4 $219
Abound Wealth Management 0.00% No change 3 $165
Vermillion Wealth Management, Inc. 0.00% — 3 $164
Hexagon Capital Partners LLC 0.00% No change 2 $109
Global Financial Private Client, LLC 0.00% New 2 $109
Hemington Wealth Management 0.00% Add +75.0% 14 $0

"% of holder's portfolio" is TDW's weight in each manager's 13F, not the share of Tidewater Inc. the manager owns.