AGORA INC API
ADS · ADR · CUSIP 00851L103 · ISIN US00851L1035
Real-Time Voice and Video Engagement Company
* 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 ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $3.10. Options: 6 managers hold calls ($549.3k notional), 4 hold puts ($187.0k).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 87 |
| Q4 2022 | 75 |
| Q1 2023 | 63 |
| Q2 2023 | 60 |
| Q3 2023 | 61 |
| Q4 2023 | 63 |
| Q1 2024 | 59 |
| Q2 2024 | 53 |
| Q3 2024 | 57 |
| Q4 2024 | 66 |
| Q1 2025 | 78 |
| Q2 2025 | 67 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 12 | 33 |
| Q4 2023 | 24 | 29 |
| Q1 2024 | 17 | 30 |
| Q2 2024 | 12 | 31 |
| Q3 2024 | 22 | 16 |
| Q4 2024 | 33 | 28 |
| Q1 2025 | 50 | 25 |
| Q2 2025 | 27 | 38 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $29.9k | $35.1k | 1.17 |
| Q4 2024 | $459.0k | $202.4k | 0.44 |
| Q1 2025 | $702.7k | $245.6k | 0.35 |
| Q2 2025 | $549.3k | $187.0k | 0.34 |
Biggest buyers
| ACADIAN ASSET MANAGEMENT LLC | Added | +764.8k |
| PEAK6 LLC | New | +462.0k |
| Russell Investments Group, Ltd. | Added | +342.4k |
| Yiheng Capital Management, L.P. | Added | +341.0k |
| MARSHALL WACE, LLP | Added | +313.2k |
| GSA CAPITAL PARTNERS LLP | Added | +305.5k |
| MORGAN STANLEY | Added | +256.3k |
| Harber Asset Management LLC | New | +233.5k |
| JPMORGAN CHASE & CO | Added | +133.1k |
| GOLDMAN SACHS GROUP INC | Added | +129.3k |
Biggest sellers
| Yong Rong (HK) Asset Management Ltd | Sold out | -2.9m |
| TMT General Partner Ltd | Reduced | -1.4m |
| HCEP Management Ltd | Reduced | -733.1k |
| MY.Alpha Management HK Advisors Ltd | Reduced | -464.9k |
| BANK OF AMERICA CORP /DE/ | Reduced | -346.6k |
| COATUE MANAGEMENT LLC | Reduced | -341.8k |
| Allspring Global Investments Holdings, LLC | Reduced | -337.2k |
| Hidden Lake Asset Management LP | Sold out | -307.3k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -250.0k |
| BlackRock, Inc. | Sold out | -186.0k |
Biggest calls
| GROUP ONE TRADING LLC | Reduced | $251.5k66.0k shares |
| JANE STREET GROUP, LLC | Added | $160.8k42.2k shares |
| PEAK6 LLC | New | $76.2k20.0k shares |
| CITADEL ADVISORS LLC | Reduced | $54.9k14.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $6.0k1.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $146.3k38.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $30.0k8.1k shares |
| GROUP ONE TRADING LLC | Reduced | $10.7k2.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Zhao Bin 13G · exempt (held before listing) filed 2026-05-15 | 27.0% |
| SUSQUEHANNA SECURITIES, LLC 13G · institution +1.1 pts · filed 2026-05-15 | 9.4% |
| Morningside China TMT Fund II, L.P. 13G · exempt (held before listing) -0.8 pts · filed 2025-08-06 | 8.1% |
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| TMT General Partner Ltd 2.90% of their portfolio | 9.4m $9.0m | Reduced -1.4m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio | 7.5m $28.5m | Unchanged |
| CloudAlpha Capital Management Limited/Hong Kong 1.41% of their portfolio | 3.0m $11.4m | Unchanged |
| Neumann Advisory Hong Kong Ltd 2.91% of their portfolio | 2.1m $8.2m | Reduced -30.0k |
| HHLR ADVISORS, LTD. 0.26% of their portfolio | 2.1m $8.0m | Unchanged |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 1.9m $7.3m | Reduced -337.2k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 1.5m $5.6m | Added +764.8k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 843.2k $3.2m | Reduced -25.2k |
| NOTABLE CAPITAL MANAGEMENT, L.L.C. 4.13% of their portfolio | 750.0k $2.9m | Unchanged |
| MY.Alpha Management HK Advisors Ltd 2.00% of their portfolio | 708.8k $2.7m | Reduced -464.9k |
| MORGAN STANLEY 0.00% of their portfolio | 652.8k $2.5m | Added +256.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 610.9k $2.3m | Added +17.5k |
| Yiheng Capital Management, L.P. 0.74% of their portfolio | 533.5k $2.0m | Added +341.0k |
| HCEP Management Ltd 1.62% of their portfolio | 530.4k $2.0m | Reduced -733.1k |
| PEAK6 LLC 0.03% of their portfolio | 462.0k $1.8m | New |
| MARSHALL WACE, LLP 0.00% of their portfolio | 460.2k $1.8m | Added +313.2k |
| GSA CAPITAL PARTNERS LLP 0.11% of their portfolio | 403.8k $1.5m | Added +305.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 399.1k $1.5m | Reduced -56.3k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 363.1k $1.4m | Added +36.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 358.3k $1.4m | Added +342.4k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 267.4k $1.0m | Unchanged |
| NOMURA HOLDINGS INC 0.01% of their portfolio | 255.3k $972.8k | Reduced -24.6k |
| Harber Asset Management LLC 0.29% of their portfolio | 233.5k $889.6k | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 181.3k $690.6k | Reduced -250.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 179.7k $684.8k | Added +133.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 163.1k $621.4k | Added +129.3k |
| Oasis Management Co Ltd. 0.14% of their portfolio | 153.9k $586.3k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 122.2k $465.7k | Added +2.8k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 121.9k $464.6k | Added +1.4k |
| Walleye Capital LLC 0.00% of their portfolio | 120.0k $457.2k | New |
| STATE STREET CORP 0.00% of their portfolio | 114.5k $436.1k | Added +632 |
| Optimus Prime Fund Management Co., Ltd. 0.04% of their portfolio | 111.2k $423.8k | Unchanged |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 104.6k $398.6k | Added +32.4k |
| Headlands Technologies LLC 0.05% of their portfolio | 101.3k $386.1k | Added +441 |
| UBS Group AG 0.00% of their portfolio | 97.1k $370.0k | Reduced -121.4k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 94.4k $359.6k | Unchanged |
| COATUE MANAGEMENT LLC 0.00% of their portfolio | 93.7k $357.0k | Reduced -341.8k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 86.7k $330.2k | Added +10.3k |
| Rafferty Asset Management, LLC 0.00% of their portfolio | 86.4k $329.2k | Reduced -7.2k |
| Invesco Ltd. 0.00% of their portfolio | 67.7k $257.9k | Added +9.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 66.8k $254.5k | Reduced -346.6k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 61.5k $234.5k | Reduced -9.9k |
| XTX Topco Ltd 0.01% of their portfolio | 54.1k $206.1k | Added +27.8k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 50.6k $192.7k | Reduced -32.7k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 48.9k $186.3k | Added +24.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 44.6k $169.9k | Added +182 |
| Parcion Private Wealth LLC 0.01% of their portfolio | 24.0k $91.4k | Unchanged |
| Squarepoint Ops LLC 0.00% of their portfolio | 22.1k $84.3k | Reduced -7.2k |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 12.6k $48.0k | Reduced -7.5k |
| QRG CAPITAL MANAGEMENT, INC. 0.00% of their portfolio | 11.0k $42.0k | Added +316 |
| HRT FINANCIAL LP 0.00% of their portfolio | 10.5k $40.0k | New |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 10.4k $39.6k | Unchanged |
| First Beijing Investment Ltd 0.00% of their portfolio | 9.9k $37.7k | New |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 2.1k $8.0k | Reduced -324 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 2.0k $7.5k | Unchanged |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 765 $2.9k | Added +1 |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 686 $2.6k | Reduced -130 |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 216 $823 | Reduced -352 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 160 $609 | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 117 $446 | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 113 $431 | Reduced -5.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 100 $381 | Unchanged |
| West Branch Capital LLC 0.00% of their portfolio | 50 $179 | Unchanged |
| Sunbelt Securities, Inc. 0.00% of their portfolio | 30 $125 | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 6 $23 | Reduced -5.5k |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 1 $4 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |