Vault-13

BAIDU INC BIDU

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

Chinese web services company

528 institutional holders +42 vs Q3 2025
51,142,11351.1m shares reported held*
$6.7bnreported value*
95 new 174 added 131 reduced 73 sold out net sold ≈ $1.3bn (-9.9m 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 ($105.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $130.70. Options: 50 managers hold calls ($2.8bn notional), 39 hold puts ($2.2bn).

Trends to Q4 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: 430Q3 25: 486Q4 25: 528528Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 2025486
Q4 2025528

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 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 25Q3 25: 259 bought or addedQ3 25: 190 cut or sold outQ4 25: 269 bought or addedQ4 25: 204 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024258238
Q2 2024209254
Q3 2024225214
Q4 2024167275
Q1 2025249178
Q2 2025169242
Q3 2025259190
Q4 2025269204

Calls vs puts

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

CallsPuts
$0$2bn$4bn$6bnQ1 25 calls: $1.6bnQ1 25 puts: $1.4bnQ1 25P/C 0.88Q2 25 calls: $1.1bnQ2 25 puts: $1.4bnQ2 25P/C 1.25Q3 25 calls: $4.7bnQ3 25 puts: $2.9bnQ3 25P/C 0.61Q4 25 calls: $2.8bnQ4 25 puts: $2.2bnQ4 25P/C 0.79
Numbers
QuarterCallsPutsP/C
Q1 2025$1.6bn$1.4bn0.88
Q2 2025$1.1bn$1.4bn1.25
Q3 2025$4.7bn$2.9bn0.61
Q4 2025$2.8bn$2.2bn0.79

Biggest buyers

CITADEL ADVISORS LLC Added +758,787+758.8k
MORGAN STANLEY Added +745,588+745.6k
Point72 Asset Management, L.P. New +726,879+726.9k
ARK Investment Management LLC Added +649,490+649.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +615,082+615.1k
DNB Asset Management AS Added +446,051+446.1k
Sumitomo Mitsui Trust Group, Inc. Added +354,630+354.6k
Amova Asset Management Americas, Inc. Added +354,533+354.5k
GOLDMAN SACHS GROUP INC Added +345,836+345.8k
Carrhae Capital LLP New +341,747+341.7k

Biggest sellers

Dodge & Cox Reduced -4,387,885-4.4m
HSBC HOLDINGS PLC Reduced -1,976,300-2.0m
BlackRock, Inc. Reduced -1,858,459-1.9m
HHLR ADVISORS, LTD. Sold out -1,641,000-1.6m
MACQUARIE GROUP LTD Reduced -1,032,502-1.0m
PRIMECAP MANAGEMENT CO/CA/ Reduced -1,008,700-1.0m
UBS Group AG Reduced -894,198-894.2k
Orbis Allan Gray Ltd Reduced -789,432-789.4k
Contrarius Group Holdings Ltd Reduced -560,626-560.6k
Squarepoint Ops LLC Reduced -512,784-512.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $686.8m5.3m shares
CITADEL ADVISORS LLC Reduced $385.2m2.9m shares
IMC-Chicago, LLC Reduced $264.4m2.0m shares
JANE STREET GROUP, LLC Reduced $238.5m1.8m shares
UBS Group AG Reduced $152.5m1.2m shares
Great Hill Capital LLC Unchanged $119.0m1.0m shares
GROUP ONE TRADING LLC Reduced $97.1m742.8k shares
SIMPLEX TRADING, LLC Reduced $91.8m702.9k shares
D. E. Shaw & Co., Inc. Added $91.3m698.6k shares
JPMORGAN CHASE & CO Reduced $86.4m661.2k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $310.5m2.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $294.6m2.3m shares
JANE STREET GROUP, LLC Added $234.8m1.8m shares
IMC-Chicago, LLC Reduced $201.6m1.5m shares
UBS Group AG Reduced $165.6m1.3m shares
PEAK6 LLC Reduced $145.0m1.1m shares
Walleye Trading LLC Added $110.4m844.6k shares
MILLENNIUM MANAGEMENT LLC Added $106.7m816.7k shares
D. E. Shaw & Co., Inc. Added $100.9m771.9k shares
JPMORGAN CHASE & CO Reduced $79.7m609.8k 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 PRIMECAP MANAGEMENT CO/CA/ 1.10% of their portfolio PASADENA, CA 11,103,60011.1m $1.5bn $1.5bn 1.10% Reduced -1.0m -1,008,700
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 2,709,4262.7m $354.0m $354.0m 0.02% Added +745.6k +745,588
3 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,429,2491.4m $186.7m $186.7m 0.04% Reduced -894.2k -894,198
4 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.26% of their portfolio BALA CYNWYD, PA 1,425,1801.4m $186.2m $186.2m 0.26% Added +615.1k +615,082
5 Robeco Institutional Asset Management B.V. 0.26% of their portfolio ROTTERDAM, P7 1,411,9371.4m $184.5m $184.5m 0.26% Reduced -127.5k -127,495
6 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 1,238,4371.2m $161.8m $161.8m 0.03% Reduced -5.2k -5,183
7 Capital World Investors 0.02% of their portfolio LOS ANGELES, CA 1,182,8571.2m $154.6m $154.6m 0.02% Added +205.0k +205,040
8 ARK Investment Management LLC 1.00% of their portfolio ST. PETERSBURG, FL 1,157,8781.2m $151.3m $151.3m 1.00% Added +649.5k +649,490
9 SCHRODER INVESTMENT MANAGEMENT GROUP 0.12% of their portfolio London, X0 1,157,3741.2m $153.2m $153.2m 0.12% Reduced -68.6k -68,596
10 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.20% of their portfolio PHILADELPHIA, PA 1,028,2691.0m $134.4m $134.4m 0.20% First filing
11 CITADEL ADVISORS LLC 0.08% of their portfolio MIAMI, FL 944,319944.3k $123.4m $123.4m 0.08% Added +758.8k +758,787
12 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 933,471933.5k $122.0m $122.0m 0.02% Added +345.8k +345,836
13 Black Creek Investment Management Inc. 5.78% of their portfolio TORONTO, A6 892,555892.6k $116.6m $116.6m 5.78% Added +98.8k +98,837
14 EARNEST PARTNERS LLC 0.50% of their portfolio ATLANTA, GA 888,308888.3k $116.1m $116.1m 0.50% Added +69.4k +69,378
15 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 886,732886.7k $115.9m $115.9m 0.01% Reduced -242.5k -242,540
16 Point72 Asset Management, L.P. 0.15% of their portfolio STAMFORD, CT 726,879726.9k $95.0m $95.0m 0.15% New
17 FMR LLC 0.00% of their portfolio BOSTON, MA 714,708714.7k $93.4m $93.4m 0.00% Added +72.0k +71,992
18 Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio CHIYODA-KU, TOKYO, M0 669,619669.6k $87.5m $87.5m 0.05% Added +354.6k +354,630
19 Amova Asset Management Americas, Inc. 1.01% of their portfolio New York, NY 667,639667.6k $87.2m $87.2m 1.01% Added +354.5k +354,533
20 JANE STREET GROUP, LLC 0.10% of their portfolio NEW YORK, NY 665,572665.6k $87.0m $87.0m 0.10% Reduced -22.9k -22,934
21 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio Boston, MA 580,027580.0k $75.8m $75.8m 0.02% Reduced -57.1k -57,076
22 APPALOOSA LP 1.10% of their portfolio Short Hills, NJ 575,000575.0k $75.1m $75.1m 1.10% Reduced -470.0k -470,000
23 MARSHALL WACE, LLP 0.07% of their portfolio LONDON, X0 535,653535.7k $70.0m $70.0m 0.07% Added +340.3k +340,320
24 DNB Asset Management AS 0.21% of their portfolio Oslo, Q8 452,579452.6k $59.1m $59.1m 0.21% Added +446.1k +446,051
25 IMC-Chicago, LLC 1.03% of their portfolio CHICAGO, IL 450,285450.3k $58.8m $58.8m 1.03% Added +246.7k +246,708
26 North of South Capital LLP 5.00% of their portfolio LONDON, X0 426,013426.0k $55.7m $55.7m 5.00% Added +10.8k +10,768
27 Polunin Capital Partners Ltd 9.53% of their portfolio LONDON, X0 413,496413.5k $61.8m $61.8m 9.53% Added +1.1k +1,128
28 Walleye Trading LLC 0.87% of their portfolio NEW YORK, NY 413,002413.0k $54.0m $54.0m 0.87% Reduced -125.9k -125,938
29 Brandywine Global Investment Management, LLC 0.34% of their portfolio PHILADELPHIA, PA 384,282384.3k $50.2m $50.2m 0.34% Added +4.8k +4,820
30 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 376,925376.9k $49.2m $49.2m 0.02% Added +203.4k +203,391
31 SG Americas Securities, LLC 0.06% of their portfolio NEW YORK, NY 363,502363.5k $47.5m $47.5m 0.06% Added +92.2k +92,183
32 Rheos Capital Works Inc. 2.95% of their portfolio Tokyo, M0 352,000352.0k $46.0m $46.0m 2.95% Added +30.0k +30,000
33 Carrhae Capital LLP 2.98% of their portfolio London, X0 341,747341.7k $44.7m $44.7m 2.98% New
34 Contrarius Group Holdings Ltd 2.10% of their portfolio Hamilton, D0 331,123331.1k $43.3m $43.3m 2.10% Reduced -560.6k -560,626
35 SIH Partners, LLLP 2.48% of their portfolio Wilmington, DE 326,399326.4k $42.6m $42.6m 2.48% Added +228.8k +228,756
36 Penserra Capital Management LLC 0.49% of their portfolio ORINDA, CA 316,902316.9k $41.4m $41.4m 0.49% Added +236 +236
37 Defiance ETFs, LLC 1.37% of their portfolio NEW YORK, NY 316,806316.8k $41.9m $41.9m 1.37% First filing
38 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.21% of their portfolio SAN FRANCISCO, CA 315,300315.3k $41.2m $41.2m 0.21% Added +107.3k +107,304
39 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.06% of their portfolio CAUSEWAY BAY, K3 306,789306.8k $40.1m $40.1m 0.06% Added +25.9k +25,859
40 ARGA Investment Management, LP 1.08% of their portfolio STAMFORD, CT 302,873302.9k $39.6m $39.6m 1.08% Reduced -814 -814
41 NORDEA INVESTMENT MANAGEMENT AB 0.03% of their portfolio STOCKHOLM, V7 293,159293.2k $38.0m $38.0m 0.03% Added +3.1k +3,076
42 DekaBank Deutsche Girozentrale 0.06% of their portfolio FRANKFURT, 2M 286,775286.8k $33.4m $33.4m 0.06% Unchanged
43 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 276,017276.0k $36.1m $36.1m 0.00% Added +16.5k +16,545
44 NAN FUNG TRINITY (HK) LTD 2.83% of their portfolio CENTRAL, HONG KONG, K3 273,721273.7k $35.8m $35.8m 2.83% Added +27.3k +27,300
45 Legal & General Group Plc 0.01% of their portfolio London, X0 272,511272.5k $35.6m $35.6m 0.01% Reduced -20.5k -20,532
46 Portolan Capital Management, LLC 1.85% of their portfolio BOSTON, MA 263,681263.7k $34.5m $34.5m 1.85% Added +259.1k +259,101
47 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 262,099262.1k $34.2m $34.2m 0.02% Added +15.9k +15,901
48 TT International Asset Management LTD 7.12% of their portfolio LONDON, X0 258,923258.9k $33.7m $33.7m 7.12% New
49 Orbis Allan Gray Ltd 0.14% of their portfolio HamiltoN, D0 254,741254.7k $33.3m $33.3m 0.14% Reduced -789.4k -789,432
50 LOOMIS SAYLES & CO L P 0.04% of their portfolio BOSTON, MA 254,587254.6k $33.3m $33.3m 0.04% Reduced -2.2k -2,194
51 BlackRock, Inc. 0.00% of their portfolio New York, NY 253,631253.6k $33.1m $33.1m 0.00% Reduced -1.9m -1,858,459
52 SEI INVESTMENTS CO 0.03% of their portfolio OAKS, PA 252,113252.1k $32.9m $32.9m 0.03% Added +12.6k +12,557
53 Balyasny Asset Management L.P. 0.06% of their portfolio Chicago, IL 248,203248.2k $32.4m $32.4m 0.06% Added +243.6k +243,609
54 FIL Ltd 0.02% of their portfolio HAMILTON, D0 218,637218.6k $28.6m $28.6m 0.02% Added +16.4k +16,415
55 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 209,279209.3k $27.3m $27.3m 0.00% Reduced -78.8k -78,811
56 Mariner, LLC 0.03% of their portfolio Overland Park, KS 198,169198.2k $25.9m $25.9m 0.03% Added +1.6k +1,635
57 Wedbush Fund Advisers, LLC 2.32% of their portfolio PASADENA, CA 171,652171.7k $22.4m $22.4m 2.32% First filing
58 KEYSTONE INVESTORS PTE LTD 1.94% of their portfolio SINGAPORE, U0 165,172165.2k $21.6m $21.6m 1.94% New
59 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 164,803164.8k $21.5m $21.5m 0.00% Reduced -11.9k -11,944
60 Squarepoint Ops LLC 0.04% of their portfolio NEW YORK, NY 161,190161.2k $21.1m $21.1m 0.04% Reduced -512.8k -512,784
61 Long Focus Capital Management, LLC 1.04% of their portfolio SAN JUAN, PR 159,800159.8k $20.9m $20.9m 1.04% Unchanged
62 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 158,564158.6k $20.9m $20.9m 0.01% Reduced -2.0m -1,976,300
63 MIRAE ASSET SECURITIES (USA) INC. 0.78% of their portfolio NEW YORK, NY 150,352150.4k $19.6m $19.6m 0.78% Added +49.7k +49,673
64 Quadrature Capital Ltd 0.19% of their portfolio LONDON, X0 145,847145.8k $19.1m $19.1m 0.19% New
65 Alyeska Investment Group, L.P. 0.05% of their portfolio CHICAGO, IL 139,308139.3k $18.2m $18.2m 0.05% Reduced -48.2k -48,153
66 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 131,178131.2k $17.1m $17.1m 0.00% Added +47.1k +47,065
67 Assenagon Asset Management S.A. 0.03% of their portfolio SENNINGERBERG, N4 130,367130.4k $17.0m $17.0m 0.03% Added +65.5k +65,453
68 NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio ALBANY, NY 127,991128.0k $16.7m $16.7m 0.02% Added +64.2k +64,195
69 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 121,670121.7k $15.9m $15.9m 0.01% Added +102.3k +102,325
70 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 118,622118.6k $15.5m $15.5m 0.01% Added +101.7k +101,709
71 MERITAGE PORTFOLIO MANAGEMENT 1.02% of their portfolio OVERLAND PARK, KS 117,856117.9k $15.4m $15.4m 1.02% Reduced -2.3k -2,347
72 Quaker Capital Investments, LLC 3.74% of their portfolio MOUNT LEBANON, PA 111,100111.1k $14.5m $14.5m 3.74% Unchanged
73 Monaco Asset Management SAM 4.17% of their portfolio Monaco, O9 107,500107.5k $14.0m $14.0m 4.17% Added +37.5k +37,500
74 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 105,958106.0k $13.8m $13.8m 0.00% Added +5.1k +5,101
75 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 102,346102.3k $13.4m $13.4m 0.00% Reduced -11.2k -11,170
76 CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 3.52% of their portfolio Greenwich, CT 102,139102.1k $13.3m $13.3m 3.52% Unchanged
77 LMR Partners LLP 0.13% of their portfolio LONDON, X0 100,213100.2k $13.1m $13.1m 0.13% Added +66.7k +66,650
78 AI-Squared Management Ltd 14.74% of their portfolio HONG KONG, K3 97,15097.2k $12.7m $12.7m 14.74% Added +9.4k +9,400
79 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 93,67893.7k $12.2m $12.2m 0.01% Added +20.7k +20,685
80 Mirae Asset Global Investments Co., Ltd. 0.03% of their portfolio SEOUL, M5 93,59193.6k $12.2m $12.2m 0.03% Added +1.1k +1,106
81 Brevan Howard Capital Management LP 0.23% of their portfolio ST. HELIER, Y9 92,20392.2k $11.9m $11.9m 0.23% Reduced -38.3k -38,302
82 Quinn Opportunity Partners LLC 0.50% of their portfolio CHARLOTTESVILLE, VA 89,00089.0k $11.6m $11.6m 0.50% Unchanged
83 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 88,30488.3k $11.5m $11.5m 0.02% Reduced -11.4k -11,445
84 M&G PLC 0.06% of their portfolio London, X0 88,09688.1k $11.5m $11.5m 0.06% Added +8.8k +8,804
85 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 86,97487.0k $11.4m $11.4m 0.00% Reduced -58.8k -58,756
86 Clearline Capital LP 0.84% of their portfolio NEW YORK, NY 85,25085.2k $11.1m $11.1m 0.84% Added +18.2k +18,214
87 Elo Mutual Pension Insurance Co 0.17% of their portfolio ESPOO, H9 84,20484.2k $11.0m $11.0m 0.17% New
88 Fideuram Asset Management (Ireland) dac 0.56% of their portfolio DUBLIN 1, L2 77,62777.6k $7.0m $7.0m 0.56% First filing
89 DISCOVERY CAPITAL MANAGEMENT, LLC / CT 0.54% of their portfolio SOUTH NORWALK, CT 75,80075.8k $9.9m $9.9m 0.54% Unchanged
90 BAROMETER CAPITAL MANAGEMENT INC. 1.21% of their portfolio TORONTO, A6 70,68570.7k $5.0m $5.0m 1.21% Added +61.0k +61,020
91 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 70,15170.2k $9.2m $9.2m 0.00% Reduced -88.4k -88,381
92 J. Goldman & Co LP 0.36% of their portfolio NEW YORK, NY 70,00070.0k $9.1m $9.1m 0.36% New
93 Polymer Capital Management (HK) LTD 1.40% of their portfolio HONG KONG, K3 68,80068.8k $9.0m $9.0m 1.40% Added +51.9k +51,910
94 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 65,47065.5k $8.6m $8.6m 0.00% Added +18.4k +18,420
95 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 60,54560.5k $7.9m $7.9m 0.01% Reduced -25.2k -25,227
96 GMT Capital Corp 0.41% of their portfolio ATLANTA, GA 60,12760.1k $7.9m $7.9m 0.41% Reduced -197.9k -197,900
97 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.54% of their portfolio DUBLIN 2, L2 59,46259.5k $7.8m $7.8m 0.54% New
98 PZENA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 56,50756.5k $7.4m $7.4m 0.02% Reduced -27.3k -27,321
99 EXCHANGE TRADED CONCEPTS, LLC 0.06% of their portfolio Oklahoma City, OK 55,85455.9k $7.3m $7.3m 0.06% Reduced -13.3k -13,322
100 Capital Wealth Planning, LLC 0.05% of their portfolio NAPLES, FL 54,06754.1k $8.1m $8.1m 0.05% New