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 ($4.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $16.02. Options: 27 managers hold calls ($129.4m notional), 16 hold puts ($49.9m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 336 |
| Q4 2022 | 376 |
| Q1 2023 | 360 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 194 | 132 |
| Q1 2023 | 157 | 163 |
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 |
| Q1 2023 | $129.4m | $49.9m | 0.39 |
Biggest buyers
| FMR LLC | Added | +15.3m |
| VIKING GLOBAL INVESTORS LP | New | +7.4m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +6.2m |
| PointState Capital LP | New | +5.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +4.6m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +4.3m |
| HRT FINANCIAL LP | Added | +3.5m |
| Man Group plc | New | +3.4m |
| ShawSpring Partners LLC | Added | +2.7m |
| NORGES BANK | Added | +2.2m |
Biggest sellers
| Capital International Investors | Reduced | -14.6m |
| JENNISON ASSOCIATES LLC | Reduced | -6.3m |
| MORGAN STANLEY | Reduced | -4.9m |
| JANE STREET GROUP, LLC | Reduced | -4.0m |
| BAILLIE GIFFORD & CO | Reduced | -3.1m |
| Durable Capital Partners LP | Reduced | -2.7m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -2.7m |
| MARSHALL WACE, LLP | Reduced | -2.5m |
| Man Group plc | Sold out | -2.3m |
| MAVERICK CAPITAL LTD | Reduced | -1.9m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $61.2m3.8m shares |
| Walleye Trading LLC | Reduced | $10.5m656.6k shares |
| CITADEL ADVISORS LLC | Reduced | $9.8m611.5k shares |
| Jefferies Financial Group Inc. | Reduced | $8.4m527.2k shares |
| GROUP ONE TRADING LLC | Reduced | $8.1m504.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $7.5m471.6k shares |
| WOLVERINE TRADING, LLC | Reduced | $3.9m250.7k shares |
| IMC-Chicago, LLC | Reduced | $3.7m229.5k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $3.0m189.6k shares |
| Cubist Systematic Strategies, LLC | Added | $2.4m148.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $15.4m961.5k shares |
| Walleye Trading LLC | Added | $6.2m389.4k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $4.7m291.3k shares |
| CITADEL ADVISORS LLC | Reduced | $4.4m277.0k shares |
| GROUP ONE TRADING LLC | Reduced | $3.5m220.1k shares |
| Cubist Systematic Strategies, LLC | Reduced | $3.2m200.2k shares |
| JANE STREET GROUP, LLC | Reduced | $3.0m190.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.2m140.6k shares |
| IMC-Chicago, LLC | Reduced | $2.1m131.3k shares |
| Paloma Partners Management Co | New | $1.9m115.9k 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 Q1 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.
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 |
|---|---|---|---|---|---|
| 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 | — |
| Q1 2023 | 0 | — | 0 | — | — |
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| SB INVESTMENT ADVISERS (UK) LTD 56.05% of their portfolio | 426.2m $6.8bn | Unchanged |
| MORGAN STANLEY 0.21% of their portfolio | 123.4m $2.0bn | Reduced -4.9m |
| BAILLIE GIFFORD & CO 1.62% of their portfolio | 112.1m $1.8bn | Reduced -3.1m |
| MAVERICK CAPITAL LTD 30.55% of their portfolio | 74.3m $1.2bn | Reduced -1.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.12% of their portfolio | 52.2m $834.9m | Added +4.6m |
| Capital International Investors 0.21% of their portfolio | 51.6m $825.3m | Reduced -14.6m |
| FMR LLC 0.03% of their portfolio | 37.8m $605.4m | Added +15.3m |
| WELLINGTON MANAGEMENT GROUP LLP 0.10% of their portfolio | 31.4m $501.7m | Added +6.2m |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY 71.80% of their portfolio | 28.7m $459.3m | Unchanged |
| Capital World Investors 0.08% of their portfolio | 24.8m $396.4m | Added +1.1m |
| Duquesne Family Office LLC 13.10% of their portfolio | 20.3m $302.4m | Unchanged |
| NORGES BANK 0.05% of their portfolio | 15.4m $247.0m | Added +2.2m |
| Fiduciary Trust Co 4.00% of their portfolio | 13.5m $215.5m | Unchanged |
| ABRAMS CAPITAL MANAGEMENT, L.P. 6.80% of their portfolio | 13.4m $215.0m | Unchanged |
| SANDS CAPITAL MANAGEMENT, LLC 0.62% of their portfolio | 11.9m $189.7m | Added +1.1m |
| Foxhaven Asset Management, LP 6.57% of their portfolio | 11.4m $181.9m | Unchanged |
| BlackRock Inc. 0.01% of their portfolio | 11.0m $176.7m | Added +1.1m |
| GATES FOUNDATION TRUST 0.41% of their portfolio | 9.2m $148.0m | Unchanged |
| ShawSpring Partners LLC 18.95% of their portfolio | 9.0m $143.8m | Added +2.7m |
| GREENOAKS LLC 20.82% of their portfolio | 8.9m $143.0m | Unchanged |
| Kontiki Capital Management (HK) Ltd. 13.96% of their portfolio | 8.6m $138.0m | Added +198.5k |
| WASHINGTON UNIVERSITY 32.76% of their portfolio | 7.8m $124.3m | Unchanged |
| VIKING GLOBAL INVESTORS LP 0.56% of their portfolio | 7.4m $118.7m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.15% of their portfolio | 7.3m $116.1m | Added +4.3m |
| BAMCO INC /NY/ 0.31% of their portfolio | 6.5m $104.7m | Added +2.1m |
| Davis Selected Advisers 0.69% of their portfolio | 6.5m $103.7m | Added +3.8k |
| Rose Park Advisors, LLC 100.00% of their portfolio | 5.9m $94.2m | Reduced -763.0k |
| SCGE MANAGEMENT, L.P. 2.48% of their portfolio | 5.7m $90.5m | Added +1.6m |
| MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio | 5.5m $88.5m | Reduced -2.7m |
| Coronation Fund Managers Ltd. 2.24% of their portfolio | 5.3m $84.1m | Reduced -33.9k |
| Capital Research Global Investors 0.02% of their portfolio | 5.1m $82.0m | Reduced -862.9k |
| PointState Capital LP 4.50% of their portfolio | 5.0m $80.3m | New |
| CITADEL ADVISORS LLC 0.09% of their portfolio | 5.0m $80.1m | Reduced -844.8k |
| HRT FINANCIAL LP 0.74% of their portfolio | 3.7m $59.1m | Added +3.5m |
| MARSHALL WACE, LLP 0.14% of their portfolio | 3.4m $55.0m | Reduced -2.5m |
| Man Group plc 0.19% of their portfolio | 3.4m $54.5m | New |
| HHLR ADVISORS, LTD. 0.92% of their portfolio | 3.2m $51.9m | Reduced -134.6k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 3.0m $48.2m | Reduced -993.2k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.9m $45.9m | Added +200.8k |
| PUBLIC INVESTMENT FUND 0.13% of their portfolio | 2.9m $45.7m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 2.5m $40.6m | Added +55.1k |
| Legal & General Group Plc 0.01% of their portfolio | 2.4m $39.0m | Added +190.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.09% of their portfolio | 2.4m $38.8m | Reduced -182.2k |
| Tiger Pacific Capital LP 8.19% of their portfolio | 2.4m $38.5m | Added +1.2m |
| Balyasny Asset Management L.P. 0.12% of their portfolio | 2.3m $36.4m | Added +1.2m |
| Invus Financial Advisors, LLC 23.41% of their portfolio | 2.2m $35.9m | Reduced -520.0k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 2.2m $35.5m | Reduced -41.9k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.2m $35.2m | Added +59.3k |
| AXIOM INVESTORS LLC /DE 0.54% of their portfolio | 2.1m $32.8m | Added +379.8k |
| California Public Employees Retirement System 0.02% of their portfolio | 1.6m $25.1m | Reduced -168.9k |
| Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio | 1.5m $24.3m | Added +401.6k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.12% of their portfolio | 1.5m $24.0m | Added +386.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.5m $23.9m | Reduced -113.0k |
| Fullerton Fund Management Co Ltd. 1.80% of their portfolio | 1.5m $23.7m | New |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 1.5m $23.2m | Reduced -6.3m |
| Capital International, Inc./CA/ 0.46% of their portfolio | 1.4m $23.0m | Added +723.4k |
| MIC Capital Management UK LLP 4.31% of their portfolio | 1.4m $22.6m | Unchanged |
| RIT CAPITAL PARTNERS PLC 7.62% of their portfolio | 1.4m $22.6m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 1.3m $21.1m | Added +110.1k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 1.3m $20.6m | Added +292.4k |
| J.P. Morgan Private Wealth Advisors LLC 0.04% of their portfolio | 1.3m $20.5m | Reduced -3.7k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.2m $19.7m | Reduced -489.3k |
| WCM INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 1.2m $19.6m | Added +50.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 1.2m $19.0m | Added +466.0k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 947.4k $15.2m | Reduced -801.9k |
| CITIGROUP INC 0.02% of their portfolio | 947.3k $15.2m | Added +890.0k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 930.9k $14.9m | Reduced -4.0m |
| Cubist Systematic Strategies, LLC 0.14% of their portfolio | 911.6k $14.6m | Reduced -428.5k |
| Durable Capital Partners LP 0.13% of their portfolio | 872.4k $14.0m | Reduced -2.7m |
| Trivium Point Advisory, LLC 3.77% of their portfolio | 871.1k $13.9m | Reduced -4.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 863.7k $13.8m | Added +644.5k |
| FIL Ltd 0.02% of their portfolio | 841.0k $13.5m | Added +5.7k |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 1.33% of their portfolio | 834.0k $13.3m | Reduced -264.3k |
| Gavilan Investment Partners LLC 6.87% of their portfolio | 832.4k $13.3m | Added +460.5k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 830.6k $13.3m | Added +645.5k |
| Chescapmanager LLC 3.66% of their portfolio | 817.1k $13.1m | Unchanged |
| Handelsbanken Fonder AB 0.07% of their portfolio | 809.6k $13.0m | Added +48.6k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 774.3k $12.4m | Reduced -74.6k |
| BESSEMER GROUP INC 0.03% of their portfolio | 747.8k $12.0m | Unchanged |
| INSPIRION WEALTH ADVISORS, LLC 2.40% of their portfolio | 747.2k $12.0m | Added +59 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 746.3k $11.9m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 728.9k $11.7m | Added +35.6k |
| Penserra Capital Management LLC 0.24% of their portfolio | 726.1k $11.6m | Reduced -8.4k |
| Schusterman Interests, LLC 17.75% of their portfolio | 714.3k $11.4m | Unchanged |
| Trexquant Investment LP 0.31% of their portfolio | 694.1k $11.1m | Added +228.5k |
| Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio | 685.1k $11.0m | Added +952 |
| Ensign Peak Advisors, Inc 0.02% of their portfolio | 656.8k $10.5m | Added +377.2k |
| PICTET ASSET MANAGEMENT SA 0.01% of their portfolio | 654.6k $10.5m | Reduced -64.0k |
| IEQ CAPITAL, LLC 0.24% of their portfolio | 639.3k $10.2m | New |
| UNTITLED INVESTMENTS LP 3.86% of their portfolio | 628.6k $10.1m | New |
| HAMILTON LANE ADVISORS LLC 1.67% of their portfolio | 618.5k $9.9m | Added +309.3k |
| STRS OHIO 0.01% of their portfolio | 563.0k $9.0m | Added +376.3k |
| Parallel Advisors, LLC 0.30% of their portfolio | 548.5k $8.8m | Reduced -550 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 538.4k $8.6m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 531.4k $8.5m | Added +63.0k |
| CIBC Private Wealth Group LLC 0.01% of their portfolio | 526.5k $8.4m | Added +167.1k |
| MOORE CAPITAL MANAGEMENT, LP 0.25% of their portfolio | 509.5k $8.2m | Added +82.8k |
| NWI MANAGEMENT LP 1.27% of their portfolio | 500.0k $8.0m | Unchanged |
| J. Goldman & Co LP 0.46% of their portfolio | 495.0k $7.9m | Added +413.0k |
| GENERATION INVESTMENT MANAGEMENT LLP 0.04% of their portfolio | 491.8k $7.9m | New |