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 ($1.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.40. Options: 22 managers hold calls ($149.1m notional), 15 hold puts ($67.4m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 336 |
| Q4 2022 | 376 |
| Q1 2023 | 360 |
| Q2 2023 | 361 |
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 |
| Q2 2023 | 153 | 164 |
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 |
| Q2 2023 | $149.1m | $67.4m | 0.45 |
Biggest buyers
| BlackRock Inc. | Added | +22.7m |
| Capital International Investors | Added | +11.5m |
| STATE STREET CORP | Added | +10.5m |
| VIKING GLOBAL INVESTORS LP | Added | +7.9m |
| MAVERICK CAPITAL LTD | Added | +5.3m |
| GEODE CAPITAL MANAGEMENT, LLC | New | +4.6m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +4.3m |
| PointState Capital LP | Added | +3.7m |
| Man Group plc | New | +2.4m |
| Bank of New York Mellon Corp | Added | +2.0m |
Biggest sellers
| FMR LLC | Reduced | -18.4m |
| MORGAN STANLEY | Reduced | -10.7m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -5.4m |
| HRT FINANCIAL LP | Sold out | -3.7m |
| Man Group plc | Sold out | -3.4m |
| Coronation Fund Managers Ltd. | Reduced | -2.2m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -2.2m |
| Balyasny Asset Management L.P. | Reduced | -2.0m |
| Tiger Pacific Capital LP | Reduced | -1.9m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -1.8m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $81.5m4.7m shares |
| CITADEL ADVISORS LLC | Added | $17.8m1.0m shares |
| Jefferies Financial Group Inc. | Reduced | $8.7m502.2k shares |
| GROUP ONE TRADING LLC | Reduced | $8.7m502.0k shares |
| Walleye Trading LLC | Reduced | $6.8m388.2k shares |
| JANE STREET GROUP, LLC | Added | $4.2m241.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.1m233.1k shares |
| IMC-Chicago, LLC | Reduced | $3.7m210.0k shares |
| PEAK6 Investments LLC | Added | $3.1m175.6k shares |
| WOLVERINE TRADING, LLC | Reduced | $2.4m138.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $33.8m1.9m shares |
| CITADEL ADVISORS LLC | Added | $9.0m518.2k shares |
| SIMPLEX TRADING, LLC | Added | $6.1m349.3k shares |
| Walleye Trading LLC | Reduced | $5.0m288.6k shares |
| Cubist Systematic Strategies, LLC | Unchanged | $3.5m200.2k shares |
| GROUP ONE TRADING LLC | Reduced | $2.7m152.5k shares |
| Squarepoint Ops LLC | Added | $2.3m133.3k shares |
| IMC-Chicago, LLC | Reduced | $2.1m118.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.3m74.3k shares |
| JANE STREET GROUP, LLC | Reduced | $685.6k39.4k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2023 | 0 | — | 5 | $51.9m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-12 | Sun Benjamin Director | Sold | $2.4m150.0k shares |
| 2023-06-02 | Kim Tae Jung Officer | Sold | $15.5k940 shares |
| 2023-05-24 | GREENOAKS CAPITAL PARTNERS LLC +2 Director · See footnotes | Sold | $15.4m1.0m shares |
| 2023-05-23 | GREENOAKS CAPITAL PARTNERS LLC +2 Director · See footnotes | Sold | $31.2m2.0m shares |
| 2023-05-19 | Franceschi Pedro Director · See footnote | Sold | $114.2k7.1k shares |
| 2023-05-15 | Kang Hanseung Rep Director, Business Mngmt | Sold | $2.8m174.3k 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, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| SB INVESTMENT ADVISERS (UK) LTD 56.51% of their portfolio | 426.2m $7.4bn | Unchanged |
| MORGAN STANLEY 0.19% of their portfolio | 112.6m $2.0bn | Reduced -10.7m |
| BAILLIE GIFFORD & CO 1.64% of their portfolio | 111.1m $1.9bn | Reduced -975.7k |
| MAVERICK CAPITAL LTD 29.51% of their portfolio | 79.5m $1.4bn | Added +5.3m |
| Capital International Investors 0.26% of their portfolio | 63.1m $1.1bn | Added +11.5m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.14% of their portfolio | 56.5m $983.1m | Added +4.3m |
| BlackRock Inc. 0.02% of their portfolio | 33.8m $587.3m | Added +22.7m |
| WELLINGTON MANAGEMENT GROUP LLP 0.10% of their portfolio | 29.5m $513.5m | Reduced -1.8m |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY 74.64% of their portfolio | 28.7m $499.4m | Unchanged |
| Capital World Investors 0.09% of their portfolio | 26.7m $464.8m | Added +1.9m |
| Duquesne Family Office LLC 12.65% of their portfolio | 20.9m $363.7m | Added +620.1k |
| FMR LLC 0.03% of their portfolio | 19.5m $338.5m | Reduced -18.4m |
| VIKING GLOBAL INVESTORS LP 1.09% of their portfolio | 15.3m $266.5m | Added +7.9m |
| NORGES BANK 0.05% of their portfolio | 14.7m $255.6m | Reduced -745.5k |
| SANDS CAPITAL MANAGEMENT, LLC 0.74% of their portfolio | 13.6m $237.2m | Added +1.8m |
| Fiduciary Trust Co 4.15% of their portfolio | 13.5m $235.4m | Added +60.0k |
| ABRAMS CAPITAL MANAGEMENT, L.P. 6.51% of their portfolio | 13.0m $226.5m | Reduced -422.0k |
| STATE STREET CORP 0.01% of their portfolio | 11.9m $206.3m | Added +10.5m |
| Foxhaven Asset Management, LP 6.48% of their portfolio | 11.4m $197.8m | Unchanged |
| ShawSpring Partners LLC 22.47% of their portfolio | 9.5m $164.9m | Added +488.5k |
| GATES FOUNDATION TRUST 0.38% of their portfolio | 9.2m $160.9m | Unchanged |
| GREENOAKS LLC 18.83% of their portfolio | 8.9m $155.5m | Unchanged |
| PointState Capital LP 5.80% of their portfolio | 8.7m $152.2m | Added +3.7m |
| Kontiki Capital Management (HK) Ltd. 14.65% of their portfolio | 8.4m $146.7m | Reduced -194.1k |
| Davis Selected Advisers 0.69% of their portfolio | 6.5m $113.3m | Added +31.3k |
| BAMCO INC /NY/ 0.31% of their portfolio | 6.5m $113.3m | Reduced -28.8k |
| WASHINGTON UNIVERSITY 40.88% of their portfolio | 6.3m $109.1m | Reduced -1.5m |
| Rose Park Advisors, LLC 100.00% of their portfolio | 5.8m $101.6m | Reduced -47.2k |
| SCGE MANAGEMENT, L.P. 2.32% of their portfolio | 5.7m $98.4m | Unchanged |
| Capital Research Global Investors 0.02% of their portfolio | 5.2m $91.1m | Added +113.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.13% of their portfolio | 5.0m $87.3m | Reduced -2.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.6m $79.5m | New |
| VANGUARD GROUP INC 0.00% of their portfolio | 4.2m $72.4m | Added +2.0m |
| Legal & General Group Plc 0.02% of their portfolio | 3.3m $56.9m | Added +835.6k |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 3.2m $56.5m | Reduced -1.8m |
| Coronation Fund Managers Ltd. 1.41% of their portfolio | 3.0m $52.4m | Reduced -2.2m |
| PUBLIC INVESTMENT FUND 0.13% of their portfolio | 2.9m $49.7m | Unchanged |
| HHLR ADVISORS, LTD. 1.04% of their portfolio | 2.8m $49.0m | Reduced -423.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.6m $45.0m | Added +1.9m |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 2.6m $45.0m | Reduced -424.1k |
| MARSHALL WACE, LLP 0.10% of their portfolio | 2.6m $44.8m | Reduced -862.8k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.5m $44.3m | Added +2.0m |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 2.4m $42.4m | Reduced -101.3k |
| Man Group plc 0.13% of their portfolio | 2.4m $42.0m | New |
| Mitsubishi UFJ Trust & Banking Corp 0.09% of their portfolio | 2.2m $38.7m | Reduced -199.4k |
| California Public Employees Retirement System 0.03% of their portfolio | 2.0m $34.0m | Added +383.2k |
| Point72 Asset Management, L.P. 0.12% of their portfolio | 1.9m $33.9m | Added +1.9m |
| Invus Financial Advisors, LLC 18.11% of their portfolio | 1.9m $33.9m | Reduced -300.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 1.8m $31.9m | Added +1.1m |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 1.8m $31.8m | Reduced -393.5k |
| Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio | 1.6m $26.5m | Added +46.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.5m $26.5m | Reduced -1.3m |
| Junto Capital Management LP 0.67% of their portfolio | 1.5m $26.5m | New |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.12% of their portfolio | 1.5m $26.1m | Added +1.6k |
| Capital International, Inc./CA/ 0.46% of their portfolio | 1.5m $25.6m | Added +34.6k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 1.5m $25.4m | Added +1.4m |
| MIC Capital Management UK LLP 5.00% of their portfolio | 1.4m $24.6m | Unchanged |
| RIT CAPITAL PARTNERS PLC 8.35% of their portfolio | 1.4m $24.6m | Unchanged |
| Fullerton Fund Management Co Ltd. 1.54% of their portfolio | 1.3m $22.0m | Reduced -214.7k |
| J. Goldman & Co LP 1.23% of their portfolio | 1.2m $21.6m | Added +743.6k |
| WCM INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 1.2m $21.1m | Reduced -20.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 1.2m $20.6m | Reduced -5.2k |
| MOORE CAPITAL MANAGEMENT, LP 0.47% of their portfolio | 1.1m $19.4m | Added +607.1k |
| Kora Management LP 5.20% of their portfolio | 1.1m $19.3m | New |
| Holocene Advisors, LP 0.07% of their portfolio | 908.5k $15.8m | New |
| SEI INVESTMENTS CO 0.03% of their portfolio | 874.3k $15.2m | Reduced -413.9k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 849.1k $14.8m | New |
| FIL Ltd 0.02% of their portfolio | 838.9k $14.6m | Reduced -2.0k |
| Gavilan Investment Partners LLC 6.46% of their portfolio | 833.0k $14.5m | Added +607 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 831.2k $14.5m | Reduced -665.1k |
| Penserra Capital Management LLC 0.28% of their portfolio | 824.8k $14.3m | Added +98.6k |
| Chescapmanager LLC 3.41% of their portfolio | 817.1k $14.2m | Unchanged |
| Handelsbanken Fonder AB 0.08% of their portfolio | 809.1k $14.1m | Reduced -492 |
| UNTITLED INVESTMENTS LP 4.88% of their portfolio | 788.9k $13.7m | Added +160.3k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 775.9k $13.5m | Reduced -675.7k |
| J.P. Morgan Private Wealth Advisors LLC 0.07% of their portfolio | 770.6k $13.4m | Reduced -511.4k |
| DEEPWATER ASSET MANAGEMENT, LLC 5.54% of their portfolio | 749.8k $13.0m | Added +499.5k |
| BESSEMER GROUP INC 0.03% of their portfolio | 747.8k $13.0m | Unchanged |
| INSPIRION WEALTH ADVISORS, LLC 2.49% of their portfolio | 747.2k $13.0m | Unchanged |
| Schusterman Interests, LLC 19.16% of their portfolio | 714.3k $12.4m | Unchanged |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 697.8k $12.1m | Reduced -249.7k |
| UBS Group AG 0.01% of their portfolio | 665.5k $11.6m | Added +389.4k |
| Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio | 659.9k $11.5m | Reduced -25.2k |
| Ensign Peak Advisors, Inc 0.02% of their portfolio | 656.8k $11.4m | Unchanged |
| IEQ CAPITAL, LLC 0.22% of their portfolio | 639.3k $11.1m | Unchanged |
| HAMILTON LANE ADVISORS LLC 2.39% of their portfolio | 618.5k $10.8m | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 590.2k $10.3m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 577.2k $10.0m | New |
| Invesco Ltd. 0.00% of their portfolio | 572.0k $10.0m | Added +461.2k |
| Cresset Asset Management, LLC 0.07% of their portfolio | 567.6k $9.9m | New |
| AXIOM INVESTORS LLC /DE 0.14% of their portfolio | 555.2k $9.7m | Reduced -1.5m |
| Candriam S.C.A. 0.07% of their portfolio | 554.0k $9.6m | Added +112.4k |
| Parallel Advisors, LLC 0.30% of their portfolio | 533.6k $9.3m | Reduced -14.9k |
| CIBC Private Wealth Group LLC 0.01% of their portfolio | 526.3k $9.2m | Reduced -204 |
| NWI MANAGEMENT LP 2.48% of their portfolio | 500.0k $8.7m | Unchanged |
| GENERATION INVESTMENT MANAGEMENT LLP 0.04% of their portfolio | 494.8k $8.6m | Added +2.9k |
| Treasurer of the State of North Carolina 0.04% of their portfolio | 491.3k $8.5m | Added +478.4k |
| Tiger Pacific Capital LP 2.29% of their portfolio | 482.5k $8.4m | Reduced -1.9m |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 433.6k $7.5m | Reduced -4.7k |
| Renaissance Capital LLC 4.28% of their portfolio | 432.6k $7.5m | Added +93.6k |