Vault-13

BAIDU INC BIDU

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

Chinese web services company

430 institutional holders -48 vs Q1 2025
55,014,47455.0m shares reported held*
$4.7bnreported value*
46 new 123 added 149 reduced 93 sold out net sold ≈ $1.2bn (-19.3m 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 ($36.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $85.74. Options: 38 managers hold calls ($1.1bn notional), 33 hold puts ($1.4bn).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 515Q4 22: 501Q1 23: 543Q2 23: 512Q3 23: 521Q4 23: 517Q1 24: 509Q2 24: 473Q3 24: 500Q4 24: 438Q1 25: 478Q2 25: 430430Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022515
Q4 2022501
Q1 2023543
Q2 2023512
Q3 2023521
Q4 2023517
Q1 2024509
Q2 2024473
Q3 2024500
Q4 2024438
Q1 2025478
Q2 2025430

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 220 bought or addedQ3 23: 234 cut or sold outQ4 23: 228 bought or addedQ4 23: 245 cut or sold outQ4 23Q1 24: 258 bought or addedQ1 24: 238 cut or sold outQ2 24: 209 bought or addedQ2 24: 254 cut or sold outQ2 24Q3 24: 225 bought or addedQ3 24: 214 cut or sold outQ4 24: 167 bought or addedQ4 24: 275 cut or sold outQ4 24Q1 25: 249 bought or addedQ1 25: 178 cut or sold outQ2 25: 169 bought or addedQ2 25: 242 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023220234
Q4 2023228245
Q1 2024258238
Q2 2024209254
Q3 2024225214
Q4 2024167275
Q1 2025249178
Q2 2025169242

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bn$2bnQ3 24 calls: $1.7bnQ3 24 puts: $1.3bnQ3 24P/C 0.77Q4 24 calls: $1.2bnQ4 24 puts: $1.4bnQ4 24P/C 1.12Q1 25 calls: $1.6bnQ1 25 puts: $1.4bnQ1 25P/C 0.88Q2 25 calls: $1.1bnQ2 25 puts: $1.4bnQ2 25P/C 1.25
Numbers
QuarterCallsPutsP/C
Q3 2024$1.7bn$1.3bn0.77
Q4 2024$1.2bn$1.4bn1.12
Q1 2025$1.6bn$1.4bn0.88
Q2 2025$1.1bn$1.4bn1.25

Biggest buyers

RPD Fund Management LLC Added +777,570+777.6k
FIL Ltd Added +604,664+604.7k
PEAK6 LLC Added +377,165+377.2k
Capital World Investors Added +362,140+362.1k
JANE STREET GROUP, LLC Added +175,665+175.7k
PRIMECAP MANAGEMENT CO/CA/ Added +170,414+170.4k
ARK Investment Management LLC Added +166,088+166.1k
MERITAGE PORTFOLIO MANAGEMENT New +152,533+152.5k
SIERRA SUMMIT ADVISORS LLC New +128,915+128.9k
GOLDMAN SACHS GROUP INC Added +125,999+126.0k

Biggest sellers

Mirae Asset Global Investments Co., Ltd. Reduced -4,917,880-4.9m
Orbis Allan Gray Ltd Sold out -3,236,111-3.2m
Pictet Asset Management Holding SA Reduced -2,102,645-2.1m
Bridgewater Associates, LP Sold out -2,076,305-2.1m
PRICE T ROWE ASSOCIATES INC /MD/ Sold out -1,037,626-1.0m
WELLS FARGO & COMPANY/MN Reduced -677,867-677.9k
Maple Rock Capital Partners Inc. Sold out -625,100-625.1k
MILLENNIUM MANAGEMENT LLC Reduced -514,337-514.3k
M&G PLC Reduced -511,151-511.2k
BANK OF AMERICA CORP /DE/ Reduced -483,182-483.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $401.6m4.7m shares
CITADEL ADVISORS LLC Reduced $195.7m2.3m shares
IMC-Chicago, LLC Reduced $99.7m1.2m shares
JANE STREET GROUP, LLC Reduced $77.1m898.5k shares
SIMPLEX TRADING, LLC Reduced $65.8m767.1k shares
GROUP ONE TRADING LLC Added $52.4m610.9k shares
Qube Research & Technologies Ltd Added $34.9m406.9k shares
D. E. Shaw & Co., Inc. Added $32.6m380.7k shares
PEAK6 LLC Reduced $32.6m379.6k shares
GOLDMAN SACHS GROUP INC Added $19.7m230.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $321.7m3.8m shares
JANE STREET GROUP, LLC Added $226.0m2.6m shares
CITADEL ADVISORS LLC Added $168.7m2.0m shares
PEAK6 LLC Added $161.5m1.9m shares
IMC-Chicago, LLC Reduced $85.5m997.2k shares
D. E. Shaw & Co., Inc. Added $55.5m646.6k shares
Squarepoint Ops LLC Added $53.7m626.5k shares
SIMPLEX TRADING, LLC Reduced $50.0m583.0k shares
Walleye Trading LLC Reduced $42.5m496.1k shares
UBS Group AG Reduced $41.5m483.7k 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 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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PRIMECAP MANAGEMENT CO/CA/ 0.82% of their portfolio PASADENA, CA 12,116,75012.1m $1.0bn $1.0bn 0.82% Added +170.4k +170,414
2 Dodge & Cox 0.26% of their portfolio San Francisco, CA 5,427,7155.4m $465.5m $465.5m 0.26% Reduced -13.1k -13,100
3 FIL Ltd 0.25% of their portfolio HAMILTON, D0 3,410,0003.4m $292.4m $292.4m 0.25% Added +604.7k +604,664
4 UBS Group AG 0.04% of their portfolio ZURICH, V8 2,404,6092.4m $206.2m $206.2m 0.04% Reduced -48.4k -48,377
5 Black Creek Investment Management Inc. 7.11% of their portfolio TORONTO, A6 1,792,4341.8m $153.7m $153.7m 7.11% Reduced -270.5k -270,520
6 Robeco Institutional Asset Management B.V. 0.24% of their portfolio ROTTERDAM, P7 1,756,7141.8m $150.7m $150.7m 0.24% Reduced -107.6k -107,625
7 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.18% of their portfolio BALA CYNWYD, PA 1,337,2211.3m $114.7m $114.7m 0.18% Reduced -261.3k -261,311
8 RPD Fund Management LLC 47.65% of their portfolio New York, NY 1,258,8561.3m $108.0m $108.0m 47.65% Added +777.6k +777,570
9 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 1,254,1721.3m $107.6m $107.6m 0.02% Reduced -107.8k -107,801
10 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,160,1201.2m $99.5m $99.5m 0.01% Reduced -303.1k -303,100
11 JANE STREET GROUP, LLC 0.14% of their portfolio NEW YORK, NY 1,044,6621.0m $89.6m $89.6m 0.14% Added +175.7k +175,665
12 Capital World Investors 0.01% of their portfolio LOS ANGELES, CA 972,474972.5k $83.4m $83.4m 0.01% Added +362.1k +362,140
13 MACQUARIE GROUP LTD 0.10% of their portfolio Sydney, NSW 2000, C3 919,916919.9k $78.9m $78.9m 0.10% Reduced -1.4k -1,400
14 FEDERATED HERMES, INC. 0.14% of their portfolio PITTSBURGH, PA 845,595845.6k $72.5m $72.5m 0.14% Reduced -272.8k -272,830
15 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio Boston, MA 844,300844.3k $72.4m $72.4m 0.02% Added +37.0k +36,978
16 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 784,389784.4k $67.3m $67.3m 0.01% Added +126.0k +125,999
17 EARNEST PARTNERS LLC 0.26% of their portfolio ATLANTA, GA 671,938671.9k $57.6m $57.6m 0.26% Reduced -803 -803
18 APPALOOSA LP 0.83% of their portfolio Short Hills, NJ 625,000625.0k $53.6m $53.6m 0.83% Reduced -150.0k -150,000
19 North of South Capital LLP 5.58% of their portfolio LONDON, X0 618,650618.6k $53.1m $53.1m 5.58% Added +61.4k +61,413
20 GMT Capital Corp 2.03% of their portfolio ATLANTA, GA 566,427566.4k $48.6m $48.6m 2.03% Reduced -25.0k -25,000
21 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 546,440546.4k $46.9m $46.9m 0.00% Reduced -483.2k -483,182
22 NAN FUNG TRINITY (HK) LTD 4.98% of their portfolio CENTRAL, HONG KONG, K3 485,821485.8k $41.7m $41.7m 4.98% Unchanged
23 Triata Capital Ltd 7.88% of their portfolio HONG KONG, K3 470,623470.6k $40.4m $40.4m 7.88% Reduced -97.8k -97,809
24 PEAK6 LLC 0.63% of their portfolio AUSTIN, TX 408,674408.7k $35.0m $35.0m 0.63% Added +377.2k +377,165
25 Mirae Asset Global Investments Co., Ltd. 0.12% of their portfolio SEOUL, M5 406,848406.8k $34.9m $34.9m 0.12% Reduced -4.9m -4,917,880
26 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio BOSTON, MA 366,002366.0k $31.4m $31.4m 0.02% Added +82.1k +82,129
27 Polunin Capital Partners Ltd 5.07% of their portfolio LONDON, X0 343,872343.9k $31.0m $31.0m 5.07% Reduced -1.1k -1,100
28 SG Americas Securities, LLC 0.13% of their portfolio NEW YORK, NY 340,328340.3k $29.2m $29.2m 0.13% Reduced -118.9k -118,932
29 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 339,491339.5k $29.1m $29.1m 0.03% Reduced -184.4k -184,438
30 NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio STOCKHOLM, V7 313,637313.6k $26.9m $26.9m 0.02% Added +596 +596
31 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 301,660301.7k $25.9m $25.9m 0.02% Reduced -36.9k -36,949
32 ARK Investment Management LLC 0.19% of their portfolio ST. PETERSBURG, FL 294,447294.4k $25.3m $25.3m 0.19% Added +166.1k +166,088
33 Legal & General Group Plc 0.01% of their portfolio London, X0 293,210293.2k $25.1m $25.1m 0.01% Reduced -74.5k -74,533
34 Brandywine Global Investment Management, LLC 0.17% of their portfolio PHILADELPHIA, PA 288,722288.7k $24.8m $24.8m 0.17% Reduced -68.1k -68,100
35 DekaBank Deutsche Girozentrale 0.04% of their portfolio FRANKFURT, 2M 286,775286.8k $24.6m $24.6m 0.04% Unchanged
36 Monaco Asset Management SAM 9.18% of their portfolio Monaco, O9 282,500282.5k $24.2m $24.2m 9.18% Added +36.1k +36,129
37 PZENA INVESTMENT MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 276,435276.4k $23.7m $23.7m 0.08% Reduced -172 -172
38 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 253,236253.2k $21.7m $21.7m 0.00% Added +92.5k +92,523
39 LOOMIS SAYLES & CO L P 0.03% of their portfolio BOSTON, MA 250,259250.3k $21.5m $21.5m 0.03% Reduced -4.5k -4,495
40 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.04% of their portfolio CAUSEWAY BAY, K3 237,039237.0k $20.3m $20.3m 0.04% Added +4.4k +4,417
41 Walleye Trading LLC 0.48% of their portfolio NEW YORK, NY 230,629230.6k $19.8m $19.8m 0.48% Reduced -88.5k -88,488
42 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 225,580225.6k $19.3m $19.3m 0.02% Added +32.5k +32,533
43 Penserra Capital Management LLC 0.26% of their portfolio ORINDA, CA 220,893220.9k $18.9m $18.9m 0.26% Added +37.9k +37,927
44 Squarepoint Ops LLC 0.04% of their portfolio NEW YORK, NY 216,778216.8k $18.6m $18.6m 0.04% Added +103.4k +103,393
45 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 214,261214.3k $18.4m $18.4m 0.00% Added +63.3k +63,281
46 GROUP ONE TRADING LLC 0.59% of their portfolio CHICAGO, IL 210,258210.3k $18.0m $18.0m 0.59% Added +108.7k +108,709
47 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 204,040204.0k $17.5m $17.5m 0.00% Reduced -46.5k -46,491
48 Mariner, LLC 0.02% of their portfolio Overland Park, KS 192,694192.7k $16.5m $16.5m 0.02% Added +1.5k +1,502
49 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 189,249189.2k $16.2m $16.2m 0.00% Reduced -22.5k -22,462
50 Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio CHIYODA-KU, TOKYO, M0 169,775169.8k $14.6m $14.6m 0.01% Added +18.0k +18,042
51 Amova Asset Management Americas, Inc. 0.14% of their portfolio New York, NY 167,582167.6k $14.4m $14.4m 0.14% Added +17.6k +17,575
52 BlackRock, Inc. 0.00% of their portfolio New York, NY 160,018160.0k $13.7m $13.7m 0.00% Reduced -168.9k -168,859
53 MERITAGE PORTFOLIO MANAGEMENT 0.83% of their portfolio OVERLAND PARK, KS 152,533152.5k $13.1m $13.1m 0.83% New
54 Contrarius Group Holdings Ltd 0.72% of their portfolio Hamilton, D0 148,544148.5k $12.7m $12.7m 0.72% Reduced -72.1k -72,144
55 LMR Partners LLP 0.20% of their portfolio LONDON, X0 147,981148.0k $12.7m $12.7m 0.20% Added +93.1k +93,121
56 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 147,638147.6k $12.7m $12.7m 0.00% Added +48.6k +48,599
57 Quaker Capital Investments, LLC 3.83% of their portfolio MOUNT LEBANON, PA 146,100146.1k $12.5m $12.5m 3.83% Added +5.0k +5,000
58 Schonfeld Strategic Advisors LLC 0.09% of their portfolio NEW YORK, NY 140,256140.3k $12.0m $12.0m 0.09% Reduced -344 -344
59 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 135,754135.8k $11.6m $11.6m 0.01% Reduced -109.2k -109,157
60 Quinn Opportunity Partners LLC 0.97% of their portfolio CHARLOTTESVILLE, VA 132,000132.0k $11.3m $11.3m 0.97% Unchanged
61 Handelsbanken Fonder AB 0.04% of their portfolio STOCKHOLM, V7 131,000131.0k $11.2m $11.2m 0.04% Added +75.0k +75,000
62 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 129,604129.6k $11.1m $11.1m 0.02% Reduced -50.0k -50,002
63 SIERRA SUMMIT ADVISORS LLC 1.97% of their portfolio INCLINE VILLAGE, NV 128,915128.9k $11.1m $11.1m 1.97% New
64 PRELUDE CAPITAL MANAGEMENT, LLC 1.06% of their portfolio NEW YORK, NY 127,052127.1k $10.9m $10.9m 1.06% Added +16.0k +15,994
65 Optiver Holding B.V. 0.30% of their portfolio AMSTERDAM, P7 126,964127.0k $10.9m $10.9m 0.30% Reduced -7.6k -7,600
66 SIH Partners, LLLP 1.02% of their portfolio Wilmington, DE 125,129125.1k $10.7m $10.7m 1.02% Added +93.3k +93,336
67 SIMPLEX TRADING, LLC 0.29% of their portfolio CHICAGO, IL 124,357124.4k $10.7m $10.7m 0.29% Reduced -204.6k -204,568
68 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 116,489116.5k $10.0m $10.0m 0.00% Reduced -1.7k -1,670
69 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 115,084115.1k $9.9m $9.9m 0.00% Added +14.6k +14,558
70 IMC-Chicago, LLC 0.23% of their portfolio CHICAGO, IL 108,250108.2k $9.3m $9.3m 0.23% Reduced -131.1k -131,084
71 Saba Capital Management, L.P. 0.25% of their portfolio NEW YORK, NY 107,068107.1k $9.2m $9.2m 0.25% Unchanged
72 Leonteq Securities AG 0.48% of their portfolio ZURICH, V8 96,28896.3k $8.3m $8.3m 0.48% Added +22.9k +22,901
73 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 87,92587.9k $7.5m $7.5m 0.01% Added +85.6k +85,583
74 NOMURA HOLDINGS INC 0.06% of their portfolio TOKYO, M0 87,44887.4k $7.5m $7.5m 0.06% Added +19.7k +19,671
75 Marex Group Ltd 0.14% of their portfolio London, X0 83,95684.0k $7.2m $7.2m 0.14% Added +71.9k +71,919
76 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 83,70083.7k $7.2m $7.2m 0.01% Reduced -93.9k -93,856
77 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 81,01681.0k $6.9m $6.9m 0.00% Reduced -42.5k -42,508
78 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 79,22479.2k $6.8m $6.8m 0.01% Reduced -57.4k -57,436
79 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 77,98278.0k $6.7m $6.7m 0.00% Reduced -677.9k -677,867
80 EXCHANGE TRADED CONCEPTS, LLC 0.09% of their portfolio Oklahoma City, OK 77,89977.9k $6.7m $6.7m 0.09% Added +15.6k +15,584
81 M&G PLC 0.04% of their portfolio London, X0 76,44976.4k $6.6m $6.6m 0.04% Reduced -511.2k -511,151
82 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 75,87575.9k $6.5m $6.5m 0.00% Reduced -2.2k -2,170
83 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 63,32063.3k $5.4m $5.4m 0.01% Reduced -57.3k -57,316
84 WESTERLY CAPITAL MANAGEMENT, LLC 2.18% of their portfolio SAN FRANCISCO, CA 60,00060.0k $5.1m $5.1m 2.18% Reduced -25.0k -25,000
85 CastleKnight Management LP 0.34% of their portfolio New York, NY 60,00060.0k $5.1m $5.1m 0.34% Unchanged
86 Parallax Volatility Advisers, L.P. 0.20% of their portfolio San Francisco, CA 58,17958.2k $5.0m $5.0m 0.20% Added +39.8k +39,796
87 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 56,46856.5k $4.8m $4.8m 0.01% Reduced -101.0k -100,958
88 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 56,27056.3k $4.8m $4.8m 0.01% Unchanged
89 Infini Capital Management Ltd 3.18% of their portfolio CENTRAL, K3 56,16156.2k $4.8m $4.8m 3.18% Reduced -25.6k -25,575
90 DCF Advisers, LLC 2.17% of their portfolio MOUNT PLEASANT, SC 52,50052.5k $4.5m $4.5m 2.17% Unchanged
91 Vontobel Holding Ltd. 0.01% of their portfolio ZURICH, V8 52,18552.2k $4.5m $4.5m 0.01% Reduced -13.2k -13,230
92 AVIVA PLC 0.01% of their portfolio LONDON, X0 52,12852.1k $4.5m $4.5m 0.01% Reduced -1.4k -1,385
93 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 50,03350.0k $4.3m $4.3m 0.00% Added +1.3k +1,259
94 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 49,77749.8k $4.3m $4.3m 0.01% Reduced -27.4k -27,357
95 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 48,28748.3k $4.1m $4.1m 0.00% Reduced -12.4k -12,418
96 CI INVESTMENTS INC. 0.02% of their portfolio TORONTO, Z4 47,70647.7k $4.1m $4.1m 0.02% Reduced -80.9k -80,874
97 CMT Capital Markets Trading GmbH 1.94% of their portfolio CHICAGO, IL 47,00047.0k $4.0m $4.0m 1.94% Added +20.3k +20,264
98 MACKENZIE FINANCIAL CORP 0.01% of their portfolio TORONTO ONTARIO, A6 46,11646.1k $4.0m $4.0m 0.01% Reduced -12.8k -12,784
99 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 43,24143.2k $2.0m $2.0m 0.01% Added +21.9k +21,931
100 AXA S.A. 0.01% of their portfolio PARIS, I0 43,00043.0k $3.7m $3.7m 0.01% New