Safe Bulkers, Inc.
US ˙ NYSE ˙ MHY7388L1039

SecuritySB / Safe Bulkers, Inc.
InstitutionD. E. Shaw & Co., Inc.
ManagerDE Shaw
Latest Disclosed Ownership228,158 shares
Latest Disclosed Value $ 1,444,240
D. E. Shaw & Co., Inc. reports 25.69% decrease in ownership of SB / Safe Bulkers, Inc.

On May 15, 2026 - D. E. Shaw & Co., Inc. filed a 13F-HR form disclosing ownership of 228,158 shares of Safe Bulkers, Inc. (US:SB) valued at $1,444,240 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 307,056 shares of Safe Bulkers, Inc.. This represents a change in shares of -25.69% during the quarter. The current value of the position is $1,476,182 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F SAFE BULKERS COM Y7388L103 228,158 -78,898 -25.69 1,444 -2.43 0.0009
2026-02-17 2025-12-31 13F SAFE BULKERS COM Y7388L103 307,056 -25,000 -7.53 1,480 0.41 0.0008
2025-11-14 2025-09-30 13F SAFE BULKERS COM Y7388L103 332,056 233,397 236.57 1,474 314.04 0.0008
2025-08-14 2025-06-30 13F SAFE BULKERS COM Y7388L103 98,659 -92,226 -48.31 356 -49.43 0.0003
2025-05-15 2025-03-31 13F SAFE BULKERS COM Y7388L103 190,885 9,413 5.19 704 8.81 0.0006
2025-02-14 2024-12-31 13F SAFE BULKERS COM Y7388L103 181,472 181,472 648 0.0005
2024-11-14 2024-09-30 13F SAFE BULKERS COM Y7388L103 0 -82,129 -100.00 0 -100.00
2024-08-14 2024-06-30 13F SAFE BULKERS COM Y7388L103 82,129 -123,194 -60.00 478 -53.14 0.0004
2024-05-15 2024-03-31 13F SAFE BULKERS COM Y7388L103 205,323 -3,526 -1.69 1,018 24.15 0.0009
2024-02-14 2023-12-31 13F SAFE BULKERS COM Y7388L103 208,849 196,694 1,618.21 821 2,002.56 0.0007
2023-11-14 2023-09-30 13F SAFE BULKERS COM Y7388L103 12,155 12,155 39 0.0000
2022-02-14 2021-12-31 13F SAFE BULKERS COM Y7388L103 0 -21,233 -100.00 0 -100.00
2021-11-15 2021-09-30 13F SAFE BULKERS COM Y7388L103 21,233 -68,990 -76.47 110 -69.61 0.0001
2021-08-16 2021-06-30 13F SAFE BULKERS COM Y7388L103 90,223 -91,078 -50.24 362 -18.47 0.0003
2021-05-17 2021-03-31 13F SAFE BULKERS COM Y7388L103 181,301 -50,658 -21.84 444 47.51 0.0004
2021-02-16 2020-12-31 13F SAFE BULKERS COM Y7388L103 231,959 3,493 1.53 301 27.54 0.0003
2020-11-16 2020-09-30 13F SAFE BULKERS COM Y7388L103 228,466 -1,909 -0.83 236 -16.01 0.0002
2020-08-14 2020-06-30 13F SAFE BULKERS COM Y7388L103 230,375 -93,672 -28.91 281 -27.01 0.0003
2020-05-15 2020-03-31 13F SAFE BULKERS COM Y7388L103 324,047 -131,728 -28.90 385 -50.32 0.0006
2020-02-14 2019-12-31 13F SAFE BULKERS COM Y7388L103 455,775 -46,267 -9.22 775 -11.83 0.0009
2019-11-14 2019-09-30 13F SAFE BULKERS COM Y7388L103 502,042 -162,844 -24.49 879 -15.32 0.0011
2019-08-14 2019-06-30 13F SAFE BULKERS COM Y7388L103 664,886 23,117 3.60 1,038 10.78 0.0013
2019-05-15 2019-03-31 13F SAFE BULKERS COM Y7388L103 641,769 346,152 117.09 937 78.14 0.0012
2019-02-14 2018-12-31 13F SAFE BULKERS COM Y7388L103 295,617 35,228 13.53 526 -29.87 0.0007
2018-11-14 2018-09-30 13F SAFE BULKERS COM Y7388L103 260,389 49,569 23.51 750 4.60 0.0009
2018-08-14 2018-06-30 13F SAFE BULKERS COM Y7388L103 210,820 765 0.36 717 7.66 0.0009
2018-05-15 2018-03-31 13F SAFE BULKERS COM Y7388L103 210,055 172,092 453.32 666 441.46 0.0009
2018-02-14 2017-12-31 13F SAFE BULKERS COM Y7388L103 37,963 37,963 123 0.0002
2016-08-15 2016-06-30 13F SAFE BULKERS COM Y7388L103 0 -32,778 -100.00 0 -100.00
2016-05-16 2016-03-31 13F SAFE BULKERS COM Y7388L103 32,778 32,778 0.00 26 0.0000
2016-02-16 2015-12-31 13F SAFE BULKERS COM Y7388L103 0 -17,436 -100.00 0 -100.00
2015-11-16 2015-09-30 13F SAFE BULKERS COM Y7388L103 17,436 -28,603 -62.13 48 -67.57 0.0001
2015-08-14 2015-06-30 13F SAFE BULKERS COM Y7388L103 46,039 46,039 0.00 148 0.0002
2015-05-15 2015-03-31 13F SAFE BULKERS COM Y7388L103 0 -54,397 -100.00 0 -100.00
2015-02-17 2014-12-31 13F SAFE BULKERS COM Y7388L103 54,397 54,397 0.00 213 0.0003
2014-11-14 2014-09-30 13F SAFE BULKERS COM Y7388L103 0 -141,435 -100.00 0 -100.00
2014-08-14 2014-06-30 13F SAFE BULKERS COM Y7388L103 141,435 -137,132 -49.23 1,380 -47.96 0.0019
2014-05-15 2014-03-31 13F SAFE BULKERS COM Y7388L103 278,567 54,464 24.30 2,652 13.77 0.0038
2014-02-14 2013-12-31 13F SAFE BULKERS COM Y7388L103 224,103 102,094 83.68 2,331 180.84 0.0032
2013-11-20 2013-09-30 13F/A-1 SAFE BULKERS COM Y7388L103 122,009 73,998 154.13 830 224.22 0.0013
2013-11-14 2013-09-30 13F SAFE BULKERS COM Y7388L103 122,009 830
2013-08-14 2013-06-30 13F SAFE BULKERS COM Y7388L103 48,011 48,011 256 0.0005
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.