COUPANG INC CPNG
CL A · Common Stock · CUSIP 22266T109 · ISIN US22266T1097
ECommerce website and enterprise in Seoul, South Korea
- SectorConsumer discretionary
- IndustryRetail-Catalog & Mail-Order Houses
- HeadquartersSeattle, WA
- Founded2010
- Websitecoupang.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 ($1.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.71. Options: 26 managers hold calls ($210.4m notional), 19 hold puts ($93.2m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 336 |
| Q4 2022 | 376 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $217.9m | $115.0m | 0.53 |
| Q4 2022 | $210.4m | $93.2m | 0.44 |
Biggest buyers
| SANDS CAPITAL MANAGEMENT, LLC | New | +10.8m |
| MILLENNIUM MANAGEMENT LLC | Added | +7.2m |
| BlackRock Inc. | Added | +7.0m |
| BAILLIE GIFFORD & CO | Added | +6.7m |
| MARSHALL WACE, LLP | Added | +5.8m |
| NORGES BANK | Added | +5.0m |
| JANE STREET GROUP, LLC | Added | +5.0m |
| JENNISON ASSOCIATES LLC | Added | +4.9m |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY | Added | +4.7m |
| RENAISSANCE TECHNOLOGIES LLC | New | +2.9m |
Biggest sellers
| GREENOAKS LLC | Reduced | -40.4m |
| SB INVESTMENT ADVISERS (UK) LTD | Reduced | -35.0m |
| MORGAN STANLEY | Reduced | -5.8m |
| MAVERICK CAPITAL LTD | Reduced | -5.0m |
| FMR LLC | Reduced | -4.1m |
| Invesco Ltd. | Reduced | -3.7m |
| Holocene Advisors, LP | Reduced | -2.3m |
| Durable Capital Partners LP | Reduced | -2.2m |
| Rose Park Advisors, LLC | Reduced | -2.2m |
| Davis Selected Advisers | Reduced | -2.0m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $52.5m3.6m shares |
| GROUP ONE TRADING LLC | Added | $30.1m2.0m shares |
| Jefferies Financial Group Inc. | New | $16.1m1.1m shares |
| JANE STREET GROUP, LLC | Reduced | $15.3m1.0m shares |
| Walleye Trading LLC | Reduced | $15.2m1.0m shares |
| CITADEL ADVISORS LLC | Reduced | $12.8m870.8k shares |
| SIMPLEX TRADING, LLC | Added | $11.3m770.0k shares |
| BANK OF AMERICA CORP /DE/ | Added | $9.3m633.2k shares |
| WOLVERINE TRADING, LLC | Added | $7.4m501.0k shares |
| JPMORGAN CHASE & CO | New | $7.4m500.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $32.1m2.2m shares |
| GROUP ONE TRADING LLC | Added | $13.2m900.5k shares |
| CITADEL ADVISORS LLC | Reduced | $9.2m625.0k shares |
| JANE STREET GROUP, LLC | Reduced | $5.6m378.9k shares |
| SIMPLEX TRADING, LLC | Added | $5.2m355.4k shares |
| PEAK6 Investments LLC | Reduced | $5.0m341.1k shares |
| Parallax Volatility Advisers, L.P. | Added | $5.0m340.4k shares |
| Walleye Trading LLC | Reduced | $4.3m289.5k shares |
| WOLVERINE TRADING, LLC | Added | $3.6m245.0k shares |
| Cubist Systematic Strategies, LLC | Reduced | $3.0m202.7k 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.
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 |
|---|---|
| SB INVESTMENT ADVISERS (UK) LTD 13G · exempt (held before listing) -1.4 pts · filed 2025-11-14 | 17.3% |
| Kim Bom 13G · exempt (held before listing) filed 2025-02-14 | 9.1% |
Fell to 5% or below in the last year: BAILLIE GIFFORD & CO (4.8%, 2026-08-04)
Insider purchases and sales in Q4 2022
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 1 | $16.6m | 3 | $13.1m | — |
| Q1 2022 | 1 | $3.8m | 1 | $3.4m | — |
| Q2 2022 | 1 | $1.0m | 3 | $6.5m | — |
| Q3 2022 | 0 | — | 1 | $1.7m | — |
| Q4 2022 | 0 | — | 2 | $46.8m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2022-12-08 | GREENOAKS CAPITAL PARTNERS LLC +2 Director · See footnotes | Sold | $3.7m200.0k shares |
| 2022-12-05 | SVF Investments (UK) Ltd +1 10% owner · See footnote | Sold | $647.5m35.0m shares |
| 2022-12-01 | Sun Benjamin Director | Sold | $5.8m288.8k shares |
| 2022-12-01 | Sun Benjamin Director | Sold | $1.7m84.6k shares |
| 2022-11-28 | Sun Benjamin Director | Sold | $308.6k15.4k shares |
| 2022-11-28 | Sun Benjamin Director | Sold | $223.7k11.2k shares |
| 2022-11-15 | GREENOAKS CAPITAL PARTNERS LLC +2 Director · See footnotes | Sold | $11.5m600.0k shares |
| 2022-11-14 | GREENOAKS CAPITAL PARTNERS LLC +2 Director · See footnotes | Sold | $22.7m1.2m shares |
| 2022-11-11 | Sun Benjamin Director · By Sun Brothers II LLC | Sold | $957.5k50.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| SB INVESTMENT ADVISERS (UK) LTD 52.30% of their portfolio | 426.2m $6.3bn | Reduced -35.0m |
| MORGAN STANLEY 0.21% of their portfolio | 128.2m $1.9bn | Reduced -5.8m |
| BAILLIE GIFFORD & CO 1.77% of their portfolio | 115.2m $1.7bn | Added +6.7m |
| MAVERICK CAPITAL LTD 27.29% of their portfolio | 76.2m $1.1bn | Reduced -5.0m |
| Capital International Investors 0.26% of their portfolio | 66.2m $973.2m | Added +7.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.11% of their portfolio | 47.6m $700.1m | Added +1.1m |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY 70.09% of their portfolio | 28.7m $422.2m | Added +4.7m |
| WELLINGTON MANAGEMENT GROUP LLP 0.07% of their portfolio | 25.1m $369.4m | Added +1.2m |
| Capital World Investors 0.07% of their portfolio | 23.7m $348.6m | Added +1.5m |
| FMR LLC 0.03% of their portfolio | 22.5m $331.4m | Reduced -4.1m |
| Duquesne Family Office LLC 14.85% of their portfolio | 20.3m $298.4m | Added +849.5k |
| Fiduciary Trust Co 3.85% of their portfolio | 13.5m $198.1m | Reduced -70.0k |
| ABRAMS CAPITAL MANAGEMENT, L.P. 7.05% of their portfolio | 13.4m $197.7m | Added +44.9k |
| NORGES BANK 0.05% of their portfolio | 13.2m $194.8m | Added +5.0m |
| Foxhaven Asset Management, LP 7.15% of their portfolio | 11.4m $167.2m | Unchanged |
| SANDS CAPITAL MANAGEMENT, LLC 0.60% of their portfolio | 10.8m $158.9m | New |
| BlackRock Inc. 0.00% of their portfolio | 10.0m $146.7m | Added +7.0m |
| GATES FOUNDATION TRUST 0.38% of their portfolio | 9.2m $136.0m | Unchanged |
| GREENOAKS LLC 22.05% of their portfolio | 8.9m $131.5m | Reduced -40.4m |
| Kontiki Capital Management (HK) Ltd. 16.17% of their portfolio | 8.4m $124.0m | Reduced -342.1k |
| MILLENNIUM MANAGEMENT LLC 0.13% of their portfolio | 8.2m $121.2m | Added +7.2m |
| WASHINGTON UNIVERSITY 33.56% of their portfolio | 7.8m $114.3m | Added +1.6m |
| JENNISON ASSOCIATES LLC 0.12% of their portfolio | 7.8m $114.2m | Added +4.9m |
| Rose Park Advisors, LLC 100.00% of their portfolio | 6.6m $97.8m | Reduced -2.2m |
| Davis Selected Advisers 0.65% of their portfolio | 6.5m $95.3m | Reduced -2.0m |
| ShawSpring Partners LLC 14.79% of their portfolio | 6.3m $93.1m | Added +142.8k |
| Capital Research Global Investors 0.03% of their portfolio | 6.0m $88.1m | Reduced -109.3k |
| MARSHALL WACE, LLP 0.23% of their portfolio | 5.9m $87.5m | Added +5.8m |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 5.9m $86.1m | Added +2.6m |
| Coronation Fund Managers Ltd. 2.16% of their portfolio | 5.3m $77.8m | Added +177.8k |
| JANE STREET GROUP, LLC 0.14% of their portfolio | 5.0m $73.3m | Added +5.0m |
| BAMCO INC /NY/ 0.22% of their portfolio | 4.5m $65.5m | Reduced -772.7k |
| SCGE MANAGEMENT, L.P. 2.13% of their portfolio | 4.1m $60.2m | Added +245.3k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 4.0m $58.9m | Reduced -417.6k |
| Durable Capital Partners LP 0.55% of their portfolio | 3.6m $53.0m | Reduced -2.2m |
| HHLR ADVISORS, LTD. 1.05% of their portfolio | 3.4m $49.7m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 2.9m $42.9m | New |
| PUBLIC INVESTMENT FUND 0.14% of their portfolio | 2.9m $42.0m | Unchanged |
| Invus Financial Advisors, LLC 21.65% of their portfolio | 2.8m $40.7m | Reduced -280.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.7m $39.3m | Reduced -656.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.10% of their portfolio | 2.6m $38.3m | Added +273.2k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 2.5m $36.6m | Reduced -56.0k |
| Man Group plc 0.12% of their portfolio | 2.3m $33.5m | Added +1.2m |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 2.3m $33.3m | Added +55.9k |
| Legal & General Group Plc 0.01% of their portfolio | 2.2m $33.1m | Added +687.3k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.1m $31.5m | Added +947.0k |
| Candriam S.C.A. 0.18% of their portfolio | 1.8m $26.5m | Added +496.2k |
| Driehaus Capital Management LLC 0.39% of their portfolio | 1.8m $26.3m | Reduced -332.9k |
| MANE GLOBAL CAPITAL MANAGEMENT LP 6.47% of their portfolio | 1.8m $26.2m | New |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 1.7m $25.7m | New |
| California Public Employees Retirement System 0.02% of their portfolio | 1.7m $25.6m | Added +548.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.7m $25.3m | Added +1.3m |
| AXIOM INVESTORS LLC /DE 0.48% of their portfolio | 1.7m $24.6m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.6m $23.7m | Added +759.1k |
| MIC Capital Management UK LLP 4.10% of their portfolio | 1.4m $20.8m | Unchanged |
| RIT CAPITAL PARTNERS PLC 8.27% of their portfolio | 1.4m $20.8m | New |
| Wildcat Capital Management, LLC 7.70% of their portfolio | 1.4m $20.2m | Added +511.9k |
| Cubist Systematic Strategies, LLC 0.17% of their portfolio | 1.3m $19.7m | Added +735.8k |
| J.P. Morgan Private Wealth Advisors LLC 0.04% of their portfolio | 1.3m $18.9m | Added +511.5k |
| Tiger Pacific Capital LP 4.41% of their portfolio | 1.2m $18.2m | New |
| STATE STREET CORP 0.00% of their portfolio | 1.2m $17.7m | Added +177.0k |
| WCM INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 1.2m $17.3m | Reduced -26.4k |
| Mirae Asset Global Investments Co., Ltd. 0.04% of their portfolio | 1.1m $16.4m | New |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.09% of their portfolio | 1.1m $16.4m | Reduced -33.4k |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 1.91% of their portfolio | 1.1m $16.2m | Added +292.6k |
| Balyasny Asset Management L.P. 0.06% of their portfolio | 1.1m $16.1m | New |
| TWINBEECH CAPITAL LP 0.30% of their portfolio | 1.1m $15.7m | New |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.27% of their portfolio | 1.1m $15.6m | Added +79.3k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 995.8k $14.6m | Added +717.5k |
| Trivium Point Advisory, LLC 4.26% of their portfolio | 875.9k $14.6m | Added +92.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 857.7k $12.6m | Added +694.4k |
| Invesco Ltd. 0.00% of their portfolio | 854.0k $12.6m | Reduced -3.7m |
| Qube Research & Technologies Ltd 0.08% of their portfolio | 848.9k $12.5m | New |
| FIL Ltd 0.01% of their portfolio | 835.3k $12.3m | Added +7.1k |
| Chescapmanager LLC 3.66% of their portfolio | 817.1k $12.0m | Unchanged |
| Handelsbanken Fonder AB 0.07% of their portfolio | 760.9k $11.2m | Added +609.5k |
| BESSEMER GROUP INC 0.03% of their portfolio | 747.8k $11.0m | New |
| INSPIRION WEALTH ADVISORS, LLC 2.33% of their portfolio | 747.1k $11.0m | Reduced -206.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 746.3k $11.0m | Reduced -68.0k |
| Penserra Capital Management LLC 0.24% of their portfolio | 734.5k $10.8m | Reduced -20.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 721.3k $10.6m | Added +229.2k |
| PICTET ASSET MANAGEMENT SA 0.02% of their portfolio | 718.6k $10.6m | Added +41.2k |
| Schusterman Interests, LLC 21.85% of their portfolio | 714.3k $10.5m | Unchanged |
| Capital International, Inc./CA/ 0.23% of their portfolio | 713.0k $10.5m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 693.3k $10.2m | Added +336.3k |
| Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio | 684.2k $10.1m | Reduced -666 |
| LORD, ABBETT & CO. LLC 0.02% of their portfolio | 653.0k $9.6m | Added +353.2k |
| Ardevora Asset Management LLP 0.16% of their portfolio | 646.1k $9.5m | Reduced -977.6k |
| OVERSEA-CHINESE BANKING Corp Ltd 0.55% of their portfolio | 641.0k $9.4m | First filing |
| Holocene Advisors, LP 0.06% of their portfolio | 619.7k $9.1m | Reduced -2.3m |
| LMR Partners LLP 0.17% of their portfolio | 600.0k $8.8m | New |
| Parallel Advisors, LLC 0.35% of their portfolio | 549.0k $8.1m | Reduced -1.0k |
| NWI MANAGEMENT LP 1.72% of their portfolio | 500.0k $7.4m | Unchanged |
| Jump Financial, LLC 0.38% of their portfolio | 494.5k $7.3m | Added +467.8k |
| KADENSA CAPITAL Ltd 2.12% of their portfolio | 480.9k $7.1m | Added +65.4k |
| Caisse de depot et placement du Quebec 0.02% of their portfolio | 477.3k $7.0m | Reduced -135.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 468.4k $6.9m | Added +309.9k |
| Trexquant Investment LP 0.19% of their portfolio | 465.6k $6.8m | Added +420.4k |
| BARCLAYS PLC 0.01% of their portfolio | 461.7k $6.8m | First filing |
| MOORE CAPITAL MANAGEMENT, LP 0.18% of their portfolio | 426.7k $6.3m | Added +152.9k |