Vault-13

ALIBABA GROUP HLDG LTD BABA

SPONSORED ADS · ADR · CUSIP 01609W102 · ISIN US01609W1027

Chinese multinational technology company

1,437 institutional holders +18 vs Q3 2025
273,876,519273.9m shares reported held*
$40.1bnreported value*
131 new 504 added 456 reduced 189 sold out net sold ≈ $2.6bn (-17.7m 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 ($196.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $146.59. Options: 92 managers hold calls ($13.1bn notional), 73 hold puts ($12.5bn).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,144Q4 22: 1,175Q1 23: 1,254Q2 23: 1,159Q3 23: 1,161Q4 23: 1,163Q1 24: 1,127Q2 24: 1,110Q3 24: 1,238Q4 24: 1,208Q1 25: 1,405Q2 25: 1,276Q3 25: 1,419Q4 25: 1,4371,437Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 20221,144
Q4 20221,175
Q1 20231,254
Q2 20231,159
Q3 20231,161
Q4 20231,163
Q1 20241,127
Q2 20241,110
Q3 20241,238
Q4 20241,208
Q1 20251,405
Q2 20251,276
Q3 20251,419
Q4 20251,437

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 24: 584 bought or addedQ1 24: 521 cut or sold outQ2 24: 479 bought or addedQ2 24: 521 cut or sold outQ2 24Q3 24: 609 bought or addedQ3 24: 523 cut or sold outQ4 24: 513 bought or addedQ4 24: 642 cut or sold outQ4 24Q1 25: 747 bought or addedQ1 25: 567 cut or sold outQ2 25: 525 bought or addedQ2 25: 718 cut or sold outQ2 25Q3 25: 752 bought or addedQ3 25: 569 cut or sold outQ4 25: 635 bought or addedQ4 25: 645 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024584521
Q2 2024479521
Q3 2024609523
Q4 2024513642
Q1 2025747567
Q2 2025525718
Q3 2025752569
Q4 2025635645

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10bn$20bn$30bnQ1 25 calls: $15.8bnQ1 25 puts: $9.7bnQ1 25P/C 0.62Q2 25 calls: $10.0bnQ2 25 puts: $7.0bnQ2 25P/C 0.69Q3 25 calls: $20.3bnQ3 25 puts: $14.2bnQ3 25P/C 0.70Q4 25 calls: $13.1bnQ4 25 puts: $12.5bnQ4 25P/C 0.96
Numbers
QuarterCallsPutsP/C
Q1 2025$15.8bn$9.7bn0.62
Q2 2025$10.0bn$7.0bn0.69
Q3 2025$20.3bn$14.2bn0.70
Q4 2025$13.1bn$12.5bn0.96

Biggest buyers

HSBC HOLDINGS PLC Added +9,171,290+9.2m
UBS Group AG Added +2,282,305+2.3m
HHLR ADVISORS, LTD. Added +2,140,680+2.1m
SG Americas Securities, LLC Added +1,617,616+1.6m
PRICE T ROWE ASSOCIATES INC /MD/ Added +1,208,219+1.2m
Altshuler Shaham Ltd New +1,094,350+1.1m
Capula Management Ltd Added +1,040,688+1.0m
SIH Partners, LLLP Added +964,588+964.6k
Third Point LLC New +825,000+825.0k
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Added +690,708+690.7k

Biggest sellers

JPMORGAN CHASE & CO Reduced -12,172,670-12.2m
GOLDMAN SACHS GROUP INC Reduced -4,107,232-4.1m
Sanders Capital, LLC Sold out -3,607,811-3.6m
BANK OF MONTREAL /CAN/ Reduced -2,265,294-2.3m
MACQUARIE GROUP LTD Reduced -2,263,209-2.3m
COATUE MANAGEMENT LLC Sold out -1,996,593-2.0m
FMR LLC Reduced -1,701,092-1.7m
BlackRock, Inc. Reduced -1,649,122-1.6m
JANE STREET GROUP, LLC Reduced -1,603,079-1.6m
AMF Tjanstepension AB Reduced -1,363,598-1.4m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.0bn20.1m shares
JANE STREET GROUP, LLC Reduced $1.5bn10.3m shares
CITADEL ADVISORS LLC Reduced $1.4bn9.8m shares
IMC-Chicago, LLC Reduced $1.1bn7.5m shares
GOLDMAN SACHS GROUP INC Reduced $622.0m4.2m shares
GROUP ONE TRADING LLC Reduced $614.1m4.2m shares
UBS Group AG Reduced $495.4m3.4m shares
SIMPLEX TRADING, LLC Reduced $490.9m3.5m shares
CTC LLC Reduced $457.6m31.2k shares
MILLENNIUM MANAGEMENT LLC Added $317.7m2.2m shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.3bn15.9m shares
JANE STREET GROUP, LLC Added $1.9bn12.8m shares
CITADEL ADVISORS LLC Reduced $1.2bn8.1m shares
IMC-Chicago, LLC Reduced $868.8m5.9m shares
GOLDMAN SACHS GROUP INC Reduced $412.2m2.8m shares
CTC LLC Added $402.5m27.5k shares
Centiva Capital, LP Added $380.2m2.6m shares
SIMPLEX TRADING, LLC Reduced $350.0m2.6m shares
D. E. Shaw & Co., Inc. Added $345.3m2.4m shares
GROUP ONE TRADING LLC Added $333.9m2.3m 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.

Insider purchases and sales in Q4 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 Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.21% of their portfolio NEW YORK, NY 21,647,16021.6m $3.2bn $3.2bn 0.21% Reduced -12.2m -12,172,670
2 PRIMECAP MANAGEMENT CO/CA/ 2.11% of their portfolio PASADENA, CA 18,977,43619.0m $2.8bn $2.8bn 2.11% Reduced -1.0m -1,010,730
3 HSBC HOLDINGS PLC 0.72% of their portfolio LONDON, X0 17,191,80817.2m $2.5bn $2.5bn 0.72% Added +9.2m +9,171,290
4 UBS Group AG 0.31% of their portfolio ZURICH, V8 10,709,88010.7m $1.6bn $1.6bn 0.31% Added +2.3m +2,282,305
5 FMR LLC 0.08% of their portfolio BOSTON, MA 10,265,69110.3m $1.5bn $1.5bn 0.08% Reduced -1.7m -1,701,092
6 Dodge & Cox 0.79% of their portfolio San Francisco, CA 10,016,87010.0m $1.5bn $1.5bn 0.79% Reduced -958.5k -958,500
7 GOLDMAN SACHS GROUP INC 0.16% of their portfolio NEW YORK, NY 7,665,6277.7m $1.1bn $1.1bn 0.16% Reduced -4.1m -4,107,232
8 Capital World Investors 0.13% of their portfolio LOS ANGELES, CA 6,505,1656.5m $953.5m $953.5m 0.13% Added +466.8k +466,847
9 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.18% of their portfolio NEW YORK, NY 5,750,9965.8m $843.0m $843.0m 0.18% Reduced -11.3k -11,265
10 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 5,603,9415.6m $821.4m $821.4m 0.06% Reduced -702.7k -702,679
11 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 5,445,2615.4m $798.2m $798.2m 0.05% Added +402.0k +401,973
12 HHLR ADVISORS, LTD. 25.65% of their portfolio GRAND CAYMAN, E9 5,430,3465.4m $796.0m $796.0m 25.65% Added +2.1m +2,140,680
13 Fisher Asset Management, LLC 0.27% of their portfolio PLANO, TX 5,335,8945.3m $782.1m $782.1m 0.27% Added +42.3k +42,297
14 APPALOOSA LP 10.99% of their portfolio Short Hills, NJ 5,137,9315.1m $753.1m $753.1m 10.99% Reduced -1.3m -1,312,069
15 NORGES BANK 0.06% of their portfolio OSLO, Q8 4,055,6514.1m $594.5m $594.5m 0.06% Not comparable
16 BlackRock, Inc. 0.01% of their portfolio New York, NY 3,817,1813.8m $559.5m $559.5m 0.01% Reduced -1.6m -1,649,122
17 AMERICAN CENTURY COMPANIES INC 0.24% of their portfolio KANSAS CITY, MO 3,293,1183.3m $482.7m $482.7m 0.24% Added +305.6k +305,579
18 Discerene Group LP 44.46% of their portfolio STAMFORD, CT 2,980,8443.0m $436.9m $436.9m 44.46% Reduced -4.6k -4,643
19 CITIGROUP INC 0.28% of their portfolio NEW YORK, NY 2,844,3282.8m $416.9m $416.9m 0.28% Added +663.8k +663,777
20 H&H International Investment, LLC 2.15% of their portfolio PALO ALTO, CA 2,560,5002.6m $375.3m $375.3m 2.15% Reduced -216.8k -216,830
21 RWWM, INC. 23.96% of their portfolio ROCKLIN, CA 2,378,5592.4m $348.6m $348.6m 23.96% Reduced -88.2k -88,170
22 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.50% of their portfolio PHILADELPHIA, PA 2,261,3302.3m $331.5m $331.5m 0.50% First filing
23 AMF Tjanstepension AB 1.93% of their portfolio STOCKHOLM, V7 2,120,0212.1m $310.8m $310.8m 1.93% Reduced -1.4m -1,363,598
24 BARCLAYS PLC 0.12% of their portfolio LONDON, X0 2,100,1292.1m $307.8m $307.8m 0.12% Reduced -46.9k -46,907
25 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 2,007,6052.0m $294.3m $294.3m 0.05% Reduced -249.2k -249,234
26 DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio AUSTIN, TX 1,964,1762.0m $287.9m $287.9m 0.06% Reduced -64.5k -64,483
27 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 1,900,5031.9m $278.6m $278.6m 0.05% Reduced -510.9k -510,931
28 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 1,811,2281.8m $265.5m $265.5m 0.03% Added +67.4k +67,421
29 LANDESBANK BADEN-WUERTTEMBERG 48.83% of their portfolio STUTTGART BADEN-WUERTTEMBERG, 2M 1,800,0001.8m $266.4m $266.4m 48.83% First filing
30 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 1,725,8021.7m $253.0m $253.0m 0.02% Added +383.8k +383,795
31 SG Americas Securities, LLC 0.33% of their portfolio NEW YORK, NY 1,703,7601.7m $249.7m $249.7m 0.33% Added +1.6m +1,617,616
32 PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio BALTIMORE, MD 1,688,1091.7m $247.4m $247.4m 0.03% Added +1.2m +1,208,219
33 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.36% of their portfolio CAUSEWAY BAY, K3 1,661,5531.7m $243.6m $243.6m 0.36% Added +262.3k +262,348
34 Capula Management Ltd 1.38% of their portfolio Grand Cayman, E9 1,449,3161.4m $212.4m $212.4m 1.38% Added +1.0m +1,040,688
35 JANE STREET GROUP, LLC 0.25% of their portfolio NEW YORK, NY 1,433,7681.4m $210.2m $210.2m 0.25% Reduced -1.6m -1,603,079
36 Polunin Capital Partners Ltd 35.26% of their portfolio LONDON, X0 1,383,7221.4m $228.9m $228.9m 35.26% Added +2.1k +2,088
37 UG Investment Advisers Ltd. 45.91% of their portfolio SINGAPORE, U0 1,359,3631.4m $199.3m $199.3m 45.91% Reduced -197.3k -197,291
38 Temasek Holdings (Private) Ltd 0.62% of their portfolio SINGAPORE, U0 1,313,2621.3m $192.5m $192.5m 0.62% Reduced -537.5k -537,492
39 BANK OF MONTREAL /CAN/ 0.08% of their portfolio TORONTO, A6 1,297,5201.3m $190.2m $190.2m 0.08% Reduced -2.3m -2,265,294
40 NORDEA INVESTMENT MANAGEMENT AB 0.16% of their portfolio STOCKHOLM, V7 1,240,3601.2m $180.8m $180.8m 0.16% Reduced -52.8k -52,815
41 NEUBERGER BERMAN GROUP LLC 0.13% of their portfolio NEW YORK, NY 1,203,8661.2m $176.5m $176.5m 0.13% Added +101.0k +101,048
42 CAUSEWAY CAPITAL MANAGEMENT LLC 2.43% of their portfolio LOS ANGELES, CA 1,203,0491.2m $176.3m $176.3m 2.43% Reduced -28.4k -28,415
43 Clearbridge Investments, LLC 0.14% of their portfolio NEW YORK, NY 1,167,3701.2m $171.1m $171.1m 0.14% Reduced -59.8k -59,808
44 SIH Partners, LLLP 9.94% of their portfolio Wilmington, DE 1,165,3251.2m $170.8m $170.8m 9.94% Added +964.6k +964,588
45 Handelsbanken Fonder AB 0.51% of their portfolio STOCKHOLM, V7 1,161,5561.2m $170.3m $170.3m 0.51% Added +402.0k +402,000
46 BNP PARIBAS FINANCIAL MARKETS 0.11% of their portfolio PARIS, I0 1,151,4031.2m $168.8m $168.8m 0.11% Reduced -390.9k -390,914
47 Man Group plc 0.31% of their portfolio LONDON, X0 1,106,5531.1m $162.2m $162.2m 0.31% Reduced -214.4k -214,444
48 Altshuler Shaham Ltd 2.45% of their portfolio Tel Aviv, L3 1,094,3501.1m $160.4m $160.4m 2.45% New
49 BAMCO INC /NY/ 0.43% of their portfolio NEW YORK, NY 1,071,6471.1m $157.1m $157.1m 0.43% Added +67.9k +67,948
50 LAZARD ASSET MANAGEMENT LLC 0.26% of their portfolio NEW YORK, NY 1,030,1041.0m $151.0m $151.0m 0.26% Reduced -41.5k -41,476
51 WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio Boston, MA 1,017,2591.0m $149.1m $149.1m 0.03% Reduced -49.4k -49,352
52 CI INVESTMENTS INC. 0.64% of their portfolio TORONTO, Z4 990,036990.0k $145.1m $145.1m 0.64% Added +482.5k +482,493
53 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 971,353971.4k $142.4m $142.4m 0.03% Added +256.6k +256,559
54 Artisan Partners Limited Partnership 0.21% of their portfolio Milwaukee, WI 919,312919.3k $134.8m $134.8m 0.21% Reduced -704.4k -704,409
55 Nuveen, LLC 0.03% of their portfolio CHARLOTTE, NC 906,910906.9k $132.9m $132.9m 0.03% Added +12.3k +12,339
56 Greenwoods Asset Management Hong Kong Ltd. 3.06% of their portfolio HONG KONG, K3 843,409843.4k $123.6m $123.6m 3.06% Unchanged
57 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.17% of their portfolio BALA CYNWYD, PA 827,351827.4k $121.3m $121.3m 0.17% Added +630.1k +630,112
58 EMINENCE CAPITAL, LP 1.91% of their portfolio NEW YORK, NY 825,761825.8k $121.0m $121.0m 1.91% Reduced -39.8k -39,776
59 Third Point LLC 1.66% of their portfolio NEW YORK, NY 825,000825.0k $120.9m $120.9m 1.66% New
60 BAILLIE GIFFORD & CO 0.09% of their portfolio EDINBURGH, X0 740,365740.4k $108.5m $108.5m 0.09% Added +368.8k +368,760
61 BBFIT INVESTMENTS PTE LTD 10.65% of their portfolio SINGAPORE, U0 728,800728.8k $106.8m $106.8m 10.65% First filing
62 Clear Street Group Inc. 0.56% of their portfolio NEW YORK, NY 725,753725.8k $106.4m $106.4m 0.56% Unchanged
63 D. E. Shaw & Co., Inc. 0.08% of their portfolio New York, NY 717,596717.6k $105.2m $105.2m 0.08% Reduced -699.2k -699,218
64 CapitalatWork S.A. 3.17% of their portfolio AUDERGHEM, C9 708,496708.5k $103.9m $103.9m 3.17% Reduced -86.9k -86,891
65 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.15% of their portfolio Paris, I0 694,305694.3k $128.5m $128.5m 0.15% Added +690.7k +690,708
66 LOOMIS SAYLES & CO L P 0.12% of their portfolio BOSTON, MA 663,819663.8k $97.3m $97.3m 0.12% Reduced -80.5k -80,542
67 Amundi 0.03% of their portfolio Paris, I0 656,627656.6k $96.2m $96.2m 0.03% Added +65.9k +65,869
68 Rockefeller Capital Management L.P. 0.17% of their portfolio NEW YORK, NY 650,077650.1k $95.3m $95.3m 0.17% Reduced -65.5k -65,478
69 BRANDES INVESTMENT PARTNERS, LP 0.71% of their portfolio LA JOLLA, CA 639,228639.2k $93.7m $93.7m 0.71% Reduced -18.0k -17,993
70 ARK Investment Management LLC 0.62% of their portfolio ST. PETERSBURG, FL 637,808637.8k $93.5m $93.5m 0.62% Added +427.6k +427,630
71 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 635,179635.2k $93.1m $93.1m 0.03% Added +8.9k +8,922
72 SYQUANT CAPITAL SAS 11.15% of their portfolio PARIS, I0 621,505621.5k $91.1m $91.1m 11.15% New
73 HighTower Advisors, LLC 0.10% of their portfolio CHICAGO, IL 605,243605.2k $88.7m $88.7m 0.10% Added +38.3k +38,262
74 TORONTO DOMINION BANK 0.15% of their portfolio TORONTO, ONTARIO, A6 598,760598.8k $87.8m $87.8m 0.15% Reduced -205 -205
75 Polar Capital Holdings Plc 0.40% of their portfolio London, X0 590,917590.9k $86.6m $86.6m 0.40% Reduced -57.5k -57,479
76 THORNBURG INVESTMENT MANAGEMENT INC 1.08% of their portfolio SANTA FE, NM 584,028584.0k $85.6m $85.6m 1.08% Added +30.6k +30,644
77 RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio ST. PETERSBURG, FL 568,386568.4k $83.3m $83.3m 0.03% Reduced -91.7k -91,740
78 Baird Financial Group, Inc. 0.13% of their portfolio MILWAUKEE, WI 565,418565.4k $82.9m $82.9m 0.13% Reduced -29.1k -29,132
79 JANUS HENDERSON GROUP PLC 0.04% of their portfolio LONDON, X0 557,742557.7k $81.8m $81.8m 0.04% New
80 PEAK6 LLC 1.11% of their portfolio AUSTIN, TX 556,464556.5k $81.6m $81.6m 1.11% New
81 VOYA INVESTMENT MANAGEMENT LLC 0.08% of their portfolio ATLANTA, GA 548,393548.4k $80.4m $80.4m 0.08% Added +10.4k +10,385
82 Legal & General Group Plc 0.02% of their portfolio London, X0 543,026543.0k $79.6m $79.6m 0.02% Reduced -54.5k -54,536
83 Davis Asset Management, L.P. 2.62% of their portfolio SAUSALITO, CA 500,000500.0k $73.3m $73.3m 2.62% Unchanged
84 Allianz Asset Management GmbH 0.08% of their portfolio MUNICH, 2M 488,608488.6k $71.6m $71.6m 0.08% Added +6.5k +6,540
85 HCEP Management Ltd 57.72% of their portfolio HONG KONG, K3 482,703482.7k $70.8m $70.8m 57.72% Reduced -68.4k -68,425
86 Ruffer LLP 3.22% of their portfolio LONDON, X0 481,064481.1k $70.6m $70.6m 3.22% Added +96.2k +96,178
87 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 473,632473.6k $69.4m $69.4m 0.00% Reduced -114.9k -114,878
88 Mirae Asset Global Investments Co., Ltd. 0.19% of their portfolio SEOUL, M5 464,181464.2k $68.0m $68.0m 0.19% Added +59.2k +59,154
89 NATIONAL BANK OF CANADA /FI/ 0.07% of their portfolio MONTREAL, A8 452,759452.8k $66.4m $66.4m 0.07% Added +258.3k +258,258
90 RWC ASSET ADVISORS (US) LLC 12.51% of their portfolio MIAMI, FL 450,350450.4k $66.0m $66.0m 12.51% Reduced -32.2k -32,153
91 Clal Insurance Enterprises Holdings Ltd 0.43% of their portfolio Tel-aviv, L3 450,000450.0k $66.0m $66.0m 0.43% Unchanged
92 Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio CHIYODA-KU, TOKYO, M0 448,310448.3k $65.7m $65.7m 0.04% Added +235.7k +235,691
93 Rokos Capital Management LLP 0.95% of their portfolio LONDON, X0 442,758442.8k $64.9m $64.9m 0.95% Added +207.0k +207,001
94 Walleye Trading LLC 1.03% of their portfolio NEW YORK, NY 434,841434.8k $63.7m $63.7m 1.03% Added +142.4k +142,354
95 Qube Research & Technologies Ltd 0.09% of their portfolio LONDON, X0 426,956427.0k $62.6m $62.6m 0.09% New
96 TT International Asset Management LTD 13.15% of their portfolio LONDON, X0 424,818424.8k $62.3m $62.3m 13.15% Reduced -517.4k -517,358
97 Amova Asset Management Americas, Inc. 0.69% of their portfolio New York, NY 409,023409.0k $59.9m $59.9m 0.69% Added +230.0k +230,017
98 CIBC Private Wealth Group LLC 0.10% of their portfolio ATLANTA, GA 406,693406.7k $59.6m $59.6m 0.10% Added +5.9k +5,928
99 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 404,497404.5k $59.3m $59.3m 0.01% Added +48.4k +48,370
100 FEDERATED HERMES, INC. 0.10% of their portfolio PITTSBURGH, PA 395,993396.0k $58.0m $58.0m 0.10% Added +389.8k +389,786