Vault-13

BAIDU INC BIDU

SPON ADR REP A · ADR · CUSIP 056752108 · ISIN US0567521085

Chinese web services company

517 institutional holders -4 vs Q3 2023
71,638,90971.6m shares reported held*
$8.5bnreported value*
62 new 166 added 161 reduced 84 sold out net bought ≈ $328.4m (+3.3m 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 ($16.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $119.11. Options: 51 managers hold calls ($951.0m notional), 42 hold puts ($1.6bn).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 515Q4 22: 501Q1 23: 543Q2 23: 512Q3 23: 521Q4 23: 517517Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022515
Q4 2022501
Q1 2023543
Q2 2023512
Q3 2023521
Q4 2023517

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 207 bought or addedQ4 22: 260 cut or sold outQ4 22Q1 23: 244 bought or addedQ1 23: 250 cut or sold outQ1 23Q2 23: 203 bought or addedQ2 23: 260 cut or sold outQ2 23Q3 23: 220 bought or addedQ3 23: 234 cut or sold outQ3 23Q4 23: 228 bought or addedQ4 23: 245 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022207260
Q1 2023244250
Q2 2023203260
Q3 2023220234
Q4 2023228245

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bn$2bnQ1 23 calls: $1.2bnQ1 23 puts: $1.1bnQ1 23P/C 0.87Q2 23 calls: $948.3mQ2 23 puts: $888.1mQ2 23P/C 0.94Q3 23 calls: $934.2mQ3 23 puts: $1.0bnQ3 23P/C 1.07Q4 23 calls: $951.0mQ4 23 puts: $1.6bnQ4 23P/C 1.68
Numbers
QuarterCallsPutsP/C
Q1 2023$1.2bn$1.1bn0.87
Q2 2023$948.3m$888.1m0.94
Q3 2023$934.2m$1.0bn1.07
Q4 2023$951.0m$1.6bn1.68

Biggest buyers

MORGAN STANLEY Added +5,768,237+5.8m
NATIONAL BANK OF CANADA /FI/ Added +900,284+900.3k
JPMORGAN CHASE & CO Added +670,048+670.0k
CANADA PENSION PLAN INVESTMENT BOARD Added +666,875+666.9k
Robeco Institutional Asset Management B.V. Added +363,963+364.0k
Maple Rock Capital Partners Inc. New +338,016+338.0k
HSBC HOLDINGS PLC Added +307,572+307.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +290,154+290.2k
Qube Research & Technologies Ltd Added +268,365+268.4k
Black Creek Investment Management Inc. Added +217,900+217.9k

Biggest sellers

PRICE T ROWE ASSOCIATES INC /MD/ Reduced -976,796-976.8k
BlackRock Inc. Reduced -973,894-973.9k
CoreView Capital Management Ltd Reduced -678,981-679.0k
ARIEL INVESTMENTS, LLC Reduced -618,355-618.4k
Invesco Ltd. Reduced -616,760-616.8k
GOLDMAN SACHS GROUP INC Reduced -540,987-541.0k
Polar Capital Holdings Plc Reduced -508,078-508.1k
AXIOM INVESTORS LLC /DE Sold out -499,218-499.2k
Man Group plc Sold out -498,529-498.5k
Broad Peak Investment Holdings Ltd. Sold out -425,000-425.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $252.4m2.1m shares
CITADEL ADVISORS LLC Reduced $85.6m718.9k shares
IMC-Chicago, LLC Added $80.0m671.6k shares
JANE STREET GROUP, LLC Reduced $77.4m649.8k shares
SIMPLEX TRADING, LLC Reduced $47.3m397.1k shares
WOLVERINE TRADING, LLC Added $34.7m291.2k shares
D. E. Shaw & Co., Inc. Added $32.3m271.3k shares
CTC LLC Reduced $29.9m2.5k shares
Walleye Trading LLC Added $26.4m222.1k shares
Squarepoint Ops LLC Added $24.6m206.7k shares

Biggest puts

UBS Group AG Added $320.8m2.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $240.9m2.0m shares
JANE STREET GROUP, LLC Added $205.8m1.7m shares
NOMURA HOLDINGS INC Added $132.6m1.1m shares
CITADEL ADVISORS LLC Added $113.3m951.6k shares
Walleye Trading LLC Reduced $79.4m666.7k shares
D. E. Shaw & Co., Inc. Added $76.2m640.0k shares
IMC-Chicago, LLC Added $72.8m611.7k shares
SIMPLEX TRADING, LLC Added $62.0m520.5k shares
Squarepoint Ops LLC Added $59.4m498.5k 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 2023

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 2023.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PRIMECAP MANAGEMENT CO/CA/ 0.88% of their portfolio PASADENA, CA 9,283,0349.3m $1.1bn $1.1bn 0.88% Added +12.5k +12,480
2 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 7,873,1167.9m $937.6m $937.6m 0.04% Added +5.8m +5,768,237
3 Dodge & Cox 0.24% of their portfolio San Francisco, CA 3,150,1153.2m $375.1m $375.1m 0.24% Reduced -36.9k -36,900
4 BAILLIE GIFFORD & CO 0.25% of their portfolio EDINBURGH, X0 2,618,5332.6m $311.8m $311.8m 0.25% Reduced -15.3k -15,317
5 Black Creek Investment Management Inc. 9.01% of their portfolio TORONTO, A6 2,307,2032.3m $274.8m $274.8m 9.01% Added +217.9k +217,900
6 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.29% of their portfolio BOSTON, MA 2,303,4222.3m $274.3m $274.3m 0.29% Added +131.2k +131,189
7 ALKEON CAPITAL MANAGEMENT LLC 1.71% of their portfolio New York, NY 2,186,8912.2m $260.4m $260.4m 1.71% Reduced -283.7k -283,744
8 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,022,5182.0m $240.9m $240.9m 0.01% Added +670.0k +670,048
9 FEDERATED HERMES, INC. 0.53% of their portfolio PITTSBURGH, PA 1,781,6961.8m $212.2m $212.2m 0.53% Reduced -12.7k -12,691
10 Robeco Institutional Asset Management B.V. 0.45% of their portfolio ROTTERDAM, P7 1,554,3521.6m $185.1m $185.1m 0.45% Added +364.0k +363,963
11 ARIEL INVESTMENTS, LLC 1.81% of their portfolio CHICAGO, IL 1,527,9711.5m $182.0m $182.0m 1.81% Reduced -618.4k -618,355
12 ANTIPODES PARTNERS Ltd 5.35% of their portfolio ROYAL EXCHANGE, C3 1,438,7161.4m $171.3m $171.3m 5.35% Added +116.0k +116,047
13 DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio AUSTIN, TX 1,404,0051.4m $167.2m $167.2m 0.05% Reduced -82.0k -82,026
14 RWC ASSET ADVISORS (US) LLC 10.98% of their portfolio MIAMI, FL 1,164,7131.2m $138.7m $138.7m 10.98% Added +58.7k +58,686
15 ARGA Investment Management, LP 3.96% of their portfolio STAMFORD, CT 960,053960.1k $114.3m $114.3m 3.96% Added +111.5k +111,505
16 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 932,565932.6k $111.1m $111.1m 0.01% Reduced -976.8k -976,796
17 RENAISSANCE TECHNOLOGIES LLC 0.17% of their portfolio NEW YORK, NY 901,299901.3k $107.3m $107.3m 0.17% Added +47.0k +47,000
18 NATIONAL BANK OF CANADA /FI/ 0.19% of their portfolio MONTREAL, A8 901,280901.3k $104.0m $104.0m 0.19% Added +900.3k +900,284
19 CoreView Capital Management Ltd 11.31% of their portfolio HONG KONG, K3 817,165817.2k $97.3m $97.3m 11.31% Reduced -679.0k -678,981
20 BAMCO INC /NY/ 0.24% of their portfolio NEW YORK, NY 757,845757.8k $90.3m $90.3m 0.24% Added +188.7k +188,697
21 Mondrian Investment Partners LTD 1.39% of their portfolio LONDON, X0 737,328737.3k $87.8m $87.8m 1.39% Reduced -11.3k -11,301
22 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 684,823684.8k $81.6m $81.6m 0.02% Reduced -616.8k -616,760
23 EARNEST PARTNERS LLC 0.41% of their portfolio ATLANTA, GA 684,418684.4k $81.5m $81.5m 0.41% Reduced -458 -458
24 CANADA PENSION PLAN INVESTMENT BOARD 0.10% of their portfolio TORONTO ONTARIO, A6 680,575680.6k $81.0m $81.0m 0.10% Added +666.9k +666,875
25 Sanders Capital, LLC 0.15% of their portfolio West Palm Beach, FL 670,604670.6k $79.9m $79.9m 0.15% Added +44.6k +44,571
26 NAN FUNG TRINITY (HK) LTD 16.15% of their portfolio CENTRAL, HONG KONG, K3 654,521654.5k $77.9m $77.9m 16.15% Added +52.8k +52,800
27 JANE STREET GROUP, LLC 0.09% of their portfolio NEW YORK, NY 648,281648.3k $77.2m $77.2m 0.09% Added +83.0k +82,954
28 MACQUARIE GROUP LTD 0.09% of their portfolio Sydney, NSW 2000, C3 633,843633.8k $75.5m $75.5m 0.09% Added +3.3k +3,297
29 APPALOOSA LP 1.32% of their portfolio Short Hills, NJ 625,000625.0k $74.4m $74.4m 1.32% Reduced -40.0k -40,000
30 Contrarius Investment Management Ltd 3.77% of their portfolio St. Helier, Y9 587,487587.5k $70.0m $70.0m 3.77% Added +72.8k +72,825
31 HHLR ADVISORS, LTD. 1.28% of their portfolio GRAND CAYMAN, E9 535,400535.4k $63.8m $63.8m 1.28% Unchanged
32 HSBC HOLDINGS PLC 0.06% of their portfolio LONDON, X0 527,651527.7k $62.8m $62.8m 0.06% Added +307.6k +307,572
33 MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 520,457520.5k $62.0m $62.0m 0.06% Added +147.5k +147,481
34 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.10% of their portfolio BALA CYNWYD, PA 506,458506.5k $60.3m $60.3m 0.10% Added +290.2k +290,154
35 FMR LLC 0.00% of their portfolio BOSTON, MA 481,075481.1k $57.3m $57.3m 0.00% Reduced -342.3k -342,314
36 Marathon Asset Management Ltd 1.52% of their portfolio London, X0 454,676454.7k $54.1m $54.1m 1.52% Reduced -26.2k -26,225
37 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 405,530405.5k $48.3m $48.3m 0.01% Reduced -541.0k -540,987
38 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 380,330380.3k $45.3m $45.3m 0.01% Reduced -294.8k -294,775
39 Legal & General Group Plc 0.01% of their portfolio London, X0 375,528375.5k $44.7m $44.7m 0.01% Added +868 +868
40 UBS Group AG 0.02% of their portfolio ZURICH, V8 374,652374.7k $44.6m $44.6m 0.02% Reduced -162.5k -162,479
41 GMT Capital Corp 1.65% of their portfolio ATLANTA, GA 368,727368.7k $43.9m $43.9m 1.65% Added +21.0k +21,000
42 NORDEA INVESTMENT MANAGEMENT AB 0.05% of their portfolio STOCKHOLM, V7 347,788347.8k $41.4m $41.4m 0.05% Added +22.8k +22,797
43 RWC Asset Management LLP 2.47% of their portfolio LONDON, X0 343,173343.2k $40.9m $40.9m 2.47% Added +8.4k +8,423
44 Maple Rock Capital Partners Inc. 3.16% of their portfolio Toronto, A6 338,016338.0k $40.3m $40.3m 3.16% New
45 Qube Research & Technologies Ltd 0.08% of their portfolio LONDON, X0 288,924288.9k $34.4m $34.4m 0.08% Added +268.4k +268,365
46 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 281,840281.8k $33.6m $33.6m 0.03% Added +80.8k +80,815
47 SEI INVESTMENTS CO 0.05% of their portfolio OAKS, PA 280,461280.5k $33.4m $33.4m 0.05% Reduced -99.9k -99,909
48 LOOMIS SAYLES & CO L P 0.05% of their portfolio BOSTON, MA 278,443278.4k $33.2m $33.2m 0.05% Reduced -6.7k -6,713
49 DekaBank Deutsche Girozentrale 0.06% of their portfolio FRANKFURT, 2M 269,860269.9k $31.7m $31.7m 0.06% Unchanged
50 Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio SEOUL, M5 261,662261.7k $31.2m $31.2m 0.06% Added +44.6k +44,555
51 Connor, Clark & Lunn Investment Management Ltd. 0.14% of their portfolio VANCOUVER, A1 253,036253.0k $30.1m $30.1m 0.14% Reduced -35.5k -35,537
52 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 245,912245.9k $29.3m $29.3m 0.02% Reduced -9.3k -9,270
53 Walleye Trading LLC 0.44% of their portfolio NEW YORK, NY 245,502245.5k $29.2m $29.2m 0.44% Added +34.8k +34,843
54 PZENA INVESTMENT MANAGEMENT LLC 0.11% of their portfolio NEW YORK, NY 244,291244.3k $29.1m $29.1m 0.11% Reduced -22.7k -22,669
55 Russell Investments Group, Ltd. 0.05% of their portfolio Seattle, WA 243,582243.6k $29.0m $29.0m 0.05% Reduced -59.8k -59,823
56 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 242,942242.9k $28.9m $28.9m 0.04% Added +150.7k +150,748
57 BlackRock Inc. 0.00% of their portfolio New York, NY 239,136239.1k $28.5m $28.5m 0.00% Reduced -973.9k -973,894
58 Handelsbanken Fonder AB 0.13% of their portfolio STOCKHOLM, V7 224,251224.3k $26.7m $26.7m 0.13% Added +12 +12
59 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 220,124220.1k $26.2m $26.2m 0.03% Added +10.8k +10,765
60 LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 217,464217.5k $25.9m $25.9m 0.03% Reduced -17.9k -17,858
61 Balyasny Asset Management L.P. 0.07% of their portfolio Chicago, IL 214,644214.6k $25.6m $25.6m 0.07% New
62 Man Group plc 0.07% of their portfolio LONDON, X0 212,846212.8k $25.3m $25.3m 0.07% New
63 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 195,687195.7k $23.3m $23.3m 0.01% Added +4.2k +4,214
64 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 181,016181.0k $21.6m $21.6m 0.00% Added +1.3k +1,328
65 AVIVA PLC 0.08% of their portfolio LONDON, X0 179,891179.9k $21.4m $21.4m 0.08% Added +11.7k +11,717
66 M&G INVESTMENT MANAGEMENT LTD 0.12% of their portfolio London, X0 167,937167.9k $20.0m $20.0m 0.12% Added +5.9k +5,921
67 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 164,839164.8k $19.6m $19.6m 0.01% Reduced -9.2k -9,214
68 TODD ASSET MANAGEMENT LLC 0.40% of their portfolio Louisville, KY 153,332153.3k $18.3m $18.3m 0.40% Reduced -4.6k -4,558
69 Carrhae Capital LLP 3.58% of their portfolio London, X0 152,173152.2k $18.1m $18.1m 3.58% New
70 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 151,136151.1k $18.0m $18.0m 0.01% Added +62.1k +62,100
71 IMC-Chicago, LLC 0.57% of their portfolio CHICAGO, IL 149,675149.7k $17.8m $17.8m 0.57% New
72 Polar Capital Holdings Plc 0.10% of their portfolio London, X0 138,153138.2k $16.5m $16.5m 0.10% Reduced -508.1k -508,078
73 Point72 Asset Management, L.P. 0.05% of their portfolio STAMFORD, CT 135,600135.6k $16.1m $16.1m 0.05% New
74 CREDIT SUISSE AG/ 0.02% of their portfolio ZURICH, V8 131,931131.9k $15.7m $15.7m 0.02% Added +6.6k +6,559
75 Ardmore Road Asset Management LP 3.52% of their portfolio WESTPORT, CT 130,000130.0k $15.5m $15.5m 3.52% Added +110.0k +110,000
76 SIMPLEX TRADING, LLC 0.47% of their portfolio CHICAGO, IL 126,712126.7k $15.1m $15.1m 0.47% Added +110.1k +110,097
77 Brandywine Global Investment Management, LLC 0.12% of their portfolio PHILADELPHIA, PA 124,702124.7k $14.9m $14.9m 0.12% Added +21.4k +21,440
78 Lombard Odier Asset Management (Europe) Ltd 0.95% of their portfolio LONDON, X0 119,006119.0k $14.2m $14.2m 0.95% Reduced -39.5k -39,507
79 TCW GROUP INC 0.16% of their portfolio LOS ANGELES, CA 118,181118.2k $14.1m $14.1m 0.16% Added +3.8k +3,763
80 PEAK6 Investments LLC 0.60% of their portfolio CHICAGO, IL 115,825115.8k $13.8m $13.8m 0.60% Added +106.7k +106,707
81 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 115,321115.3k $13.7m $13.7m 0.00% Added +27.8k +27,801
82 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 115,047115.0k $13.7m $13.7m 0.01% Reduced -18.7k -18,721
83 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 113,363113.4k $13.5m $13.5m 0.00% Reduced -7.3k -7,255
84 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 111,685111.7k $13.3m $13.3m 0.00% Reduced -1.7k -1,703
85 Amundi 0.01% of their portfolio Paris, I0 107,528107.5k $12.5m $12.5m 0.01% Reduced -35.8k -35,816
86 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.40% of their portfolio CHICAGO, IL 105,000105.0k $12.5m $12.5m 0.40% Added +20.0k +20,000
87 CAPITAL FUND MANAGEMENT S.A. 0.16% of their portfolio PARIS, I0 104,514104.5k $12.4m $12.4m 0.16% New
88 Perpetual Ltd 0.12% of their portfolio SYDNEY, NEW SOUTH WALES, C3 101,190101.2k $12.1m $12.1m 0.12% Added +9.0k +9,000
89 Portolan Capital Management, LLC 1.04% of their portfolio BOSTON, MA 100,001100.0k $11.9m $11.9m 1.04% Added +23.0k +23,022
90 EXCHANGE TRADED CONCEPTS, LLC 0.32% of their portfolio Oklahoma City, OK 99,93299.9k $11.9m $11.9m 0.32% Added +13.2k +13,249
91 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 97,47097.5k $11.6m $11.6m 0.00% Reduced -52.3k -52,277
92 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 94,37094.4k $11.2m $11.2m 0.02% Added +7.2k +7,171
93 SPX Gestao de Recursos Ltda 0.85% of their portfolio RIO DE JANEIRO, D5 92,60092.6k $11.0m $11.0m 0.85% New
94 AXA S.A. 0.02% of their portfolio PARIS, I0 90,81490.8k $10.8m $10.8m 0.02% Reduced -31.2k -31,193
95 PINEBRIDGE INVESTMENTS, L.P. 0.10% of their portfolio NEW YORK, NY 90,43290.4k $10.8m $10.8m 0.10% Added +6.0k +5,971
96 JENNISON ASSOCIATES LLC 0.01% of their portfolio NEW YORK, NY 85,30685.3k $10.2m $10.2m 0.01% Added +30.1k +30,103
97 GROUP ONE TRADING LLC 0.32% of their portfolio CHICAGO, IL 85,03885.0k $10.1m $10.1m 0.32% Added +50.8k +50,808
98 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 84,65184.7k $10.1m $10.1m 0.00% Added +60.5k +60,519
99 Incline Global Management LLC 3.09% of their portfolio New York, NY 82,29482.3k $9.8m $9.8m 3.09% Reduced -27.0k -27,043
100 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.09% of their portfolio FRANKFORT, KY 81,51081.5k $9.7m $9.7m 0.09% Reduced -2.3k -2,300