BILIBILI INC BILI
SPONS ADS REP Z · ADR · CUSIP 090040106 · ISIN US0900401060
Chinese video sharing website
- SectorTechnology
- IndustryServices-Computer Processing & Data Preparation
- HeadquartersYangpu District, People's Republic of China
- Founded2009
- Websitebilibili.com
- FilingsSEC EDGAR
* 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 ($473.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $21.45. Options: 23 managers hold calls ($414.4m notional), 24 hold puts ($203.1m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 141 |
| Q4 2022 | 154 |
| Q1 2023 | 149 |
| Q2 2023 | 146 |
| Q3 2023 | 129 |
| Q4 2023 | 130 |
| Q1 2024 | 150 |
| Q2 2024 | 157 |
| Q3 2024 | 161 |
| Q4 2024 | 159 |
| Q1 2025 | 159 |
| Q2 2025 | 154 |
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 | 62 | 76 |
| Q4 2023 | 57 | 75 |
| Q1 2024 | 88 | 64 |
| Q2 2024 | 90 | 76 |
| Q3 2024 | 95 | 82 |
| Q4 2024 | 82 | 83 |
| Q1 2025 | 90 | 81 |
| Q2 2025 | 77 | 93 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $1.1bn | $518.3m | 0.48 |
| Q4 2024 | $1.1bn | $445.7m | 0.42 |
| Q1 2025 | $429.9m | $281.7m | 0.66 |
| Q2 2025 | $414.4m | $203.1m | 0.49 |
Biggest buyers
| LMR Partners LLP | Added | +412.9k |
| SIH Partners, LLLP | Added | +383.7k |
| CITADEL ADVISORS LLC | Added | +371.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +357.7k |
| MORGAN STANLEY | Added | +306.3k |
| CITIGROUP INC | Added | +275.9k |
| Ghisallo Capital Management LLC | New | +275.0k |
| Polymer Capital Management (HK) LTD | Added | +264.1k |
| Man Group plc | Added | +262.6k |
| SIMPLEX TRADING, LLC | Added | +259.1k |
Biggest sellers
| MILLENNIUM MANAGEMENT LLC | Reduced | -3.6m |
| JENNISON ASSOCIATES LLC | Sold out | -2.2m |
| OAKTREE CAPITAL MANAGEMENT LP | Sold out | -1.9m |
| FMR LLC | Reduced | -1.8m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.4m |
| Qube Research & Technologies Ltd | Reduced | -1.2m |
| Russell Investments Group, Ltd. | Reduced | -1.2m |
| Yiheng Capital Management, L.P. | Reduced | -1.2m |
| BANK OF AMERICA CORP /DE/ | Reduced | -744.3k |
| GROUP ONE TRADING LLC | Sold out | -683.9k |
Biggest calls
| Yiheng Capital Management, L.P. | Reduced | $194.0m9.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $38.2m1.8m shares |
| UBS Group AG | Added | $24.8m1.2m shares |
| GROUP ONE TRADING LLC | Added | $23.4m1.1m shares |
| JANE STREET GROUP, LLC | Reduced | $18.2m847.5k shares |
| Walleye Trading LLC | Added | $17.4m809.6k shares |
| PEAK6 LLC | Reduced | $16.6m772.4k shares |
| CITADEL ADVISORS LLC | Added | $14.0m651.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $12.7m590.9k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $12.0m559.1k shares |
Biggest puts
| JANE STREET GROUP, LLC | Reduced | $42.4m2.0m shares |
| LMR Partners LLP | New | $27.8m1.3m shares |
| PEAK6 LLC | Added | $19.3m898.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $17.3m807.4k shares |
| CITADEL ADVISORS LLC | Reduced | $15.4m717.1k shares |
| Sculptor Capital LP | New | $14.7m685.6k shares |
| Parallax Volatility Advisers, L.P. | Added | $11.6m539.7k shares |
| Walleye Trading LLC | Added | $11.1m518.0k shares |
| SIMPLEX TRADING, LLC | Added | $10.3m478.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $9.7m452.3k 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 |
|---|---|
| NORGES BANK 13G · institution +1.6 pts · filed 2026-08-12 | 6.8% |
| Xu Yi 13G · exempt (held before listing) filed 2025-10-02 | 6.6% |
| GOLDMAN SACHS GROUP INC 13G · passive investor new · filed 2025-06-02 | 5.1% |
Fell to 5% or below in the last year: Tencent Holdings Ltd (4.1%, 2026-09-10)
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 |
|---|---|---|
| MORGAN STANLEY 0.01% of their portfolio | 4.3m $91.7m | Added +306.3k |
| UBS Group AG 0.02% of their portfolio | 4.0m $85.4m | Reduced -248.9k |
| Yiheng Capital Management, L.P. 14.90% of their portfolio | 1.9m $41.2m | Reduced -1.2m |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 1.9m $40.7m | Added +196.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 1.7m $35.4m | Added +167.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio | 1.6m $34.1m | Added +357.7k |
| FEDERATED HERMES, INC. 0.06% of their portfolio | 1.5m $31.8m | Added +133.8k |
| Man Group plc 0.07% of their portfolio | 1.5m $31.3m | Added +262.6k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 1.3m $28.0m | Added +371.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.09% of their portfolio | 1.2m $25.1m | Reduced -379.1k |
| FMR LLC 0.00% of their portfolio | 1.1m $22.9m | Reduced -1.8m |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 1.0m $22.5m | Reduced -1.2m |
| BlackRock, Inc. 0.00% of their portfolio | 992.7k $21.3m | Reduced -101.5k |
| SIH Partners, LLLP 1.78% of their portfolio | 875.6k $18.8m | Added +383.7k |
| Polymer Capital Management (HK) LTD 2.83% of their portfolio | 843.1k $18.1m | Added +264.1k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 754.2k $16.2m | Reduced -3.6m |
| MARSHALL WACE, LLP 0.02% of their portfolio | 740.6k $15.9m | Added +4.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 671.7k $14.4m | Reduced -640.6k |
| XY Capital Ltd 9.64% of their portfolio | 652.0k $14.0m | Added +55.0k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 498.2k $10.7m | Reduced -46.7k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.02% of their portfolio | 468.0k $10.0m | Added +70.4k |
| LMR Partners LLP 0.15% of their portfolio | 436.2k $9.4m | Added +412.9k |
| CITIGROUP INC 0.01% of their portfolio | 408.0k $8.8m | Added +275.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 391.6k $8.4m | Reduced -46.9k |
| STATE STREET CORP 0.00% of their portfolio | 373.2k $8.0m | Added +182.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 348.3k $7.5m | Reduced -744.3k |
| Optiver Holding B.V. 0.19% of their portfolio | 335.1k $7.2m | Reduced -5.2k |
| Pinpoint Asset Management (Singapore) Pte. Ltd. 1.19% of their portfolio | 317.9k $6.8m | First filing |
| SIMPLEX TRADING, LLC 0.18% of their portfolio | 307.2k $6.6m | Added +259.1k |
| Ghisallo Capital Management LLC 0.16% of their portfolio | 275.0k $5.9m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 251.1k $5.4m | Added +163.6k |
| BARCLAYS PLC 0.00% of their portfolio | 229.8k $4.9m | Added +165.7k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 220.1k $4.7m | New |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.07% of their portfolio | 205.5k $4.4m | Added +3.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 193.6k $4.2m | Reduced -21.2k |
| Y-Intercept (Hong Kong) Ltd 0.10% of their portfolio | 191.7k $4.1m | New |
| LGT Fund Management Co Ltd. 0.35% of their portfolio | 185.7k $4.0m | Added +17.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 178.5k $3.8m | Reduced -96.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 173.0k $3.7m | Reduced -1.2m |
| Prescott Group Capital Management, L.L.C. 0.38% of their portfolio | 150.0k $3.2m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 149.6k $3.2m | Reduced -1.4m |
| Lighthouse Investment Partners, LLC 0.13% of their portfolio | 136.0k $2.9m | New |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 131.8k $2.8m | Added +121.8k |
| Quadrature Capital Ltd 0.05% of their portfolio | 127.2k $2.7m | New |
| Invesco Ltd. 0.00% of their portfolio | 113.5k $2.4m | Reduced -226.2k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 112.4k $2.4m | Reduced -36.5k |
| Tower Research Capital LLC (TRC) 0.06% of their portfolio | 111.3k $2.4m | Added +74.6k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 109.5k $2.3m | Reduced -133.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 103.7k $2.2m | Added +713 |
| Rovida Investment Management Ltd 0.40% of their portfolio | 100.0k $2.1m | Unchanged |
| TB Alternative Assets Ltd. 0.38% of their portfolio | 95.7k $2.1m | Unchanged |
| IMC-Chicago, LLC 0.04% of their portfolio | 78.8k $1.7m | Reduced -56.2k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 73.6k $1.6m | Added +45.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 68.3k $1.5m | Added +22.8k |
| Quantinno Capital Management LP 0.01% of their portfolio | 64.3k $1.4m | Added +18.7k |
| Integrated Quantitative Investments LLC 0.39% of their portfolio | 62.3k $1.3m | Added +20.9k |
| Squarepoint Ops LLC 0.00% of their portfolio | 60.8k $1.3m | Reduced -336.9k |
| GSA CAPITAL PARTNERS LLP 0.08% of their portfolio | 55.4k $1.2m | New |
| Bayforest Capital Ltd 0.51% of their portfolio | 54.4k $1.2m | Added +3.8k |
| Verition Fund Management LLC 0.01% of their portfolio | 52.6k $1.1m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 50.2k $1.1m | New |
| ABN AMRO INVESTMENT SOLUTIONS 0.02% of their portfolio | 48.5k $1.0m | Added +5.1k |
| Legal & General Group Plc 0.00% of their portfolio | 46.4k $995.6k | Unchanged |
| Marathon Trading Investment Management LLC 0.57% of their portfolio | 44.2k $947.6k | Reduced -27.1k |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.03% of their portfolio | 43.2k $927.3k | Not comparable |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 40.5k $869.0k | Reduced -20.0k |
| Vise Technologies, Inc. 0.03% of their portfolio | 38.1k $817.8k | First filing |
| FOX RUN MANAGEMENT, L.L.C. 0.13% of their portfolio | 36.9k $790.6k | New |
| PROFUND ADVISORS LLC 0.03% of their portfolio | 36.7k $786.9k | Reduced -9.3k |
| Walleye Capital LLC 0.01% of their portfolio | 36.1k $773.8k | Reduced -179.8k |
| US BANCORP \DE\ 0.00% of their portfolio | 35.8k $768.5k | Reduced -23.4k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.03% of their portfolio | 35.3k $756.2k | New |
| Centiva Capital, LP 0.05% of their portfolio | 34.1k $731.8k | Reduced -50.9k |
| Vanguard Personalized Indexing Management, LLC 0.01% of their portfolio | 30.2k $647.7k | Added +10.1k |
| Engineers Gate Manager LP 0.01% of their portfolio | 28.7k $615.4k | Reduced -140.3k |
| Parallax Volatility Advisers, L.P. 0.02% of their portfolio | 28.7k $614.8k | New |
| Ethic Inc. 0.01% of their portfolio | 27.9k $596.7k | Added +2.2k |
| Mariner, LLC 0.00% of their portfolio | 23.5k $503.8k | Reduced -151 |
| SUMMIT SECURITIES GROUP LLC 0.18% of their portfolio | 23.2k $497.3k | Added +22.3k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 23.1k $495.0k | Reduced -101.9k |
| Laird Norton Wetherby Wealth Management, LLC 0.02% of their portfolio | 21.5k $460.1k | First filing |
| GTS SECURITIES LLC 0.02% of their portfolio | 21.3k $456.9k | New |
| MOORE CAPITAL MANAGEMENT, LP 0.01% of their portfolio | 20.7k $443.2k | New |
| Ovata Capital Management Ltd 0.09% of their portfolio | 20.0k $429.0k | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 18.5k $397.7k | New |
| SBI Securities Co., Ltd. 0.01% of their portfolio | 17.8k $382.0k | Reduced -1.3k |
| Creative Planning 0.00% of their portfolio | 17.5k $376.4k | Reduced -9.2k |
| Jain Global LLC 0.01% of their portfolio | 16.2k $347.3k | Reduced -28.3k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 15.9k $341.4k | Reduced -4.2k |
| AdvisorShares Investments LLC 0.06% of their portfolio | 15.8k $338.9k | New |
| Rakuten Securities, Inc. 0.12% of their portfolio | 14.6k $312.9k | Added +1.9k |
| LPL Financial LLC 0.00% of their portfolio | 14.0k $299.9k | Reduced -2.1k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio | 13.8k $296.0k | Added +2.5k |
| Scientech Research LLC 0.07% of their portfolio | 13.3k $284.8k | Reduced -27.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 13.0k $278.9k | New |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 13.0k $278.9k | Reduced -41.6k |
| Mizuho Securities Co. Ltd. 0.94% of their portfolio | 12.1k $259.5k | New |
| NORGES BANK 0.00% of their portfolio | 11.4k $244.5k | Unchanged |
| Arista Wealth Management, LLC 0.03% of their portfolio | 11.0k $235.9k | New |
| KBC Group NV 0.00% of their portfolio | 10.7k $229.0k | Unchanged |