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 ($23.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $20.95. Options: 33 managers hold calls ($395.5m notional), 23 hold puts ($160.3m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 336 |
| Q4 2022 | 376 |
| Q1 2023 | 360 |
| Q2 2023 | 361 |
| Q3 2023 | 407 |
| Q4 2023 | 430 |
| Q1 2024 | 479 |
| Q2 2024 | 523 |
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 |
| Q3 2023 | 197 | 149 |
| Q4 2023 | 214 | 190 |
| Q1 2024 | 256 | 197 |
| Q2 2024 | 309 | 200 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $192.0m | $69.3m | 0.36 |
| Q4 2023 | $449.6m | $92.6m | 0.21 |
| Q1 2024 | $491.4m | $151.5m | 0.31 |
| Q2 2024 | $395.5m | $160.3m | 0.41 |
Biggest buyers
| Durable Capital Partners LP | Added | +13.3m |
| Dodge & Cox | New | +12.1m |
| JPMORGAN CHASE & CO | Added | +10.3m |
| Whale Rock Capital Management LLC | New | +8.5m |
| WCM INVESTMENT MANAGEMENT, LLC | Added | +6.9m |
| MANE GLOBAL CAPITAL MANAGEMENT LP | New | +4.2m |
| NORTHERN TRUST CORP | Added | +3.0m |
| BAILLIE GIFFORD & CO | Added | +2.7m |
| SCGE MANAGEMENT, L.P. | Added | +2.4m |
| HMI Capital Management, L.P. | Added | +2.2m |
Biggest sellers
| MORGAN STANLEY | Reduced | -175.8m |
| MAVERICK CAPITAL LTD | Reduced | -25.0m |
| Duquesne Family Office LLC | Reduced | -11.5m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -11.5m |
| NORGES BANK | Reduced | -5.4m |
| Capital World Investors | Reduced | -3.0m |
| PointState Capital LP | Reduced | -2.8m |
| Dragoneer Investment Group, LLC | Reduced | -2.4m |
| WASHINGTON UNIVERSITY | Sold out | -2.3m |
| NOMURA HOLDINGS INC | Sold out | -2.1m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $67.2m3.2m shares |
| CITADEL ADVISORS LLC | Added | $54.2m2.6m shares |
| SIMPLEX TRADING, LLC | Added | $40.9m2.0m shares |
| Parallax Volatility Advisers, L.P. | Added | $30.7m1.5m shares |
| JPMORGAN CHASE & CO | Added | $30.5m1.5m shares |
| JANE STREET GROUP, LLC | Added | $23.6m1.1m shares |
| Walleye Trading LLC | Added | $17.6m839.3k shares |
| MAPLELANE CAPITAL, LLC | New | $16.8m800.0k shares |
| WOLVERINE TRADING, LLC | Added | $13.4m638.5k shares |
| IMC-Chicago, LLC | Added | $13.3m634.6k shares |
Biggest puts
| Twin Tree Management, LP | Added | $55.5m2.7m shares |
| Walleye Trading LLC | Added | $15.2m723.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $14.8m708.1k shares |
| CITADEL ADVISORS LLC | Added | $13.9m662.4k shares |
| SIMPLEX TRADING, LLC | Added | $10.9m521.1k shares |
| IMC-Chicago, LLC | Added | $6.7m317.6k shares |
| PEAK6 Investments LLC | Added | $5.2m247.0k shares |
| Point72 Asset Management, L.P. | Unchanged | $4.7m222.9k shares |
| TWO SIGMA SECURITIES, LLC | Added | $4.4m210.8k shares |
| GOLDMAN SACHS GROUP INC | New | $4.3m204.6k 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 2024
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 2022 | 0 | — | 1 | $1.7m | — |
| Q4 2022 | 0 | — | 2 | $46.8m | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 5 | $51.9m | — |
| Q3 2023 | 0 | — | 1 | $99.9k | — |
| Q4 2023 | 0 | — | 1 | $93.8k | — |
| Q1 2024 | 0 | — | 5 | $33.5m | — |
| Q2 2024 | 1 | $20.4m | 4 | $15.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-17 | Sun Benjamin Director | Sold | $14.4m700.0k shares |
| 2024-05-30 | Kang Hanseung Rep Director, Business Mngmt | Sold | $920.0k40.0k shares |
| 2024-05-20 | Kolari Pranam Officer | Sold | $148.8k6.5k shares |
| 2024-05-14 | GREENOAKS CAPITAL PARTNERS LLC +1 Director · See footnotes | Bought | $6.7m298.6k shares |
| 2024-05-13 | GREENOAKS CAPITAL PARTNERS LLC +1 Director · See footnotes | Bought | $11.0m500.0k shares |
| 2024-05-10 | GREENOAKS CAPITAL PARTNERS LLC +1 Director · See footnotes | Bought | $2.7m120.2k shares |
| 2024-05-09 | Lee Jonathan D. Chief Accounting Officer | Sold | $107.2k5.0k shares |
| 2024-05-02 | Kolari Pranam Officer | Sold | $45.8k2.0k 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, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| SB INVESTMENT ADVISERS (UK) LTD 67.67% of their portfolio | 349.5m $7.3bn | Unchanged |
| BAILLIE GIFFORD & CO 2.80% of their portfolio | 171.4m $3.6bn | Added +2.7m |
| MORGAN STANLEY 0.14% of their portfolio | 85.9m $1.8bn | Reduced -175.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.17% of their portfolio | 67.4m $1.4bn | Reduced -11.5m |
| Capital International Investors 0.24% of their portfolio | 54.8m $1.1bn | Added +9.9k |
| WCM INVESTMENT MANAGEMENT, LLC 2.59% of their portfolio | 51.9m $1.1bn | Added +6.9m |
| BlackRock Inc. 0.01% of their portfolio | 30.8m $645.4m | Added +1.7m |
| MAVERICK CAPITAL LTD 11.62% of their portfolio | 29.3m $612.9m | Reduced -25.0m |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY 94.13% of their portfolio | 28.7m $601.3m | Unchanged |
| Durable Capital Partners LP 3.87% of their portfolio | 22.5m $472.0m | Added +13.3m |
| FMR LLC 0.03% of their portfolio | 20.6m $430.9m | Added +2.1m |
| NORGES BANK 0.06% of their portfolio | 19.2m $403.3m | Reduced -5.4m |
| Dragoneer Investment Group, LLC 6.75% of their portfolio | 16.9m $353.3m | Reduced -2.4m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 15.5m $324.8m | Added +10.3m |
| STATE STREET CORP 0.01% of their portfolio | 13.9m $290.5m | Added +706.0k |
| Fiduciary Trust Co 4.16% of their portfolio | 13.2m $277.3m | Reduced -25.0k |
| ABRAMS CAPITAL MANAGEMENT, L.P. 5.33% of their portfolio | 13.0m $272.7m | Unchanged |
| HMI Capital Management, L.P. 10.32% of their portfolio | 12.9m $271.2m | Added +2.2m |
| SANDS CAPITAL MANAGEMENT, LLC 0.78% of their portfolio | 12.7m $265.8m | Reduced -466.7k |
| PointState Capital LP 7.58% of their portfolio | 12.7m $265.3m | Reduced -2.8m |
| Dodge & Cox 0.15% of their portfolio | 12.1m $253.8m | New |
| Foxhaven Asset Management, LP 7.02% of their portfolio | 12.0m $250.6m | Unchanged |
| Capital World Investors 0.04% of their portfolio | 11.2m $235.1m | Reduced -3.0m |
| SCGE MANAGEMENT, L.P. 4.51% of their portfolio | 11.0m $230.8m | Added +2.4m |
| Duquesne Family Office LLC 8.15% of their portfolio | 11.0m $229.8m | Reduced -11.5m |
| GREENOAKS LLC 13.91% of their portfolio | 9.9m $206.5m | Added +918.8k |
| GATES FOUNDATION TRUST 0.41% of their portfolio | 9.2m $193.7m | Unchanged |
| Whale Rock Capital Management LLC 2.54% of their portfolio | 8.5m $179.0m | New |
| Kontiki Capital Management (HK) Ltd. 17.47% of their portfolio | 8.4m $175.9m | Reduced -298.5k |
| BAMCO INC /NY/ 0.44% of their portfolio | 7.4m $154.9m | Reduced -549.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 6.0m $126.3m | Added +275.6k |
| Dorsal Capital Management, LP 4.33% of their portfolio | 6.0m $125.7m | Added +1.2m |
| Davis Selected Advisers 0.73% of their portfolio | 6.0m $125.2m | Reduced -33.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 5.9m $122.7m | Added +694.7k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 5.8m $121.5m | Added +3.0m |
| Altimeter Capital Management, LP 1.65% of their portfolio | 5.3m $110.9m | Added +1.3m |
| VANGUARD GROUP INC 0.00% of their portfolio | 5.1m $106.8m | Added +880.1k |
| Assenagon Asset Management S.A. 0.24% of their portfolio | 4.5m $94.8m | Added +1.6m |
| MANE GLOBAL CAPITAL MANAGEMENT LP 6.21% of their portfolio | 4.2m $88.5m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.13% of their portfolio | 3.6m $75.2m | Added +347.6k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 3.6m $75.1m | Added +2.0m |
| Legal & General Group Plc 0.02% of their portfolio | 3.5m $72.8m | Added +281.2k |
| Tree Line Advisors (Hong Kong) Ltd. 17.94% of their portfolio | 3.3m $69.1m | Added +320.0k |
| ShawSpring Partners LLC 9.70% of their portfolio | 3.2m $67.3m | Reduced -1.7m |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 3.2m $66.4m | Added +152.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 3.1m $64.2m | Added +331.3k |
| Two Creeks Capital Management, LP 3.57% of their portfolio | 2.7m $57.5m | Reduced -388.8k |
| Nellore Capital Management LLC 7.41% of their portfolio | 2.3m $49.1m | Added +345.8k |
| RIT CAPITAL PARTNERS PLC 14.97% of their portfolio | 2.3m $47.3m | Unchanged |
| Mitsubishi UFJ Trust & Banking Corp 0.11% of their portfolio | 2.2m $46.2m | Reduced -33.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 2.0m $42.9m | Added +2.0m |
| Coronation Fund Managers Ltd. 2.43% of their portfolio | 2.0m $42.2m | Reduced -673.7k |
| UNTITLED INVESTMENTS LP 7.74% of their portfolio | 1.7m $34.7m | Added +118.9k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 1.6m $33.7m | Added +461.5k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 1.6m $32.9m | Reduced -680.0k |
| TWO SIGMA ADVISERS, LP 0.07% of their portfolio | 1.6m $32.6m | Added +1.3m |
| California Public Employees Retirement System 0.02% of their portfolio | 1.6m $32.5m | Added +54.0k |
| MAPLELANE CAPITAL, LLC 2.31% of their portfolio | 1.5m $30.8m | Added +917.0k |
| 3G Capital Partners LP 11.68% of their portfolio | 1.4m $30.4m | Added +725.0k |
| Mubadala Investment Co PJSC 0.12% of their portfolio | 1.4m $29.9m | Unchanged |
| MIC Capital Management UK LLP 6.43% of their portfolio | 1.4m $29.6m | Unchanged |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 1.4m $28.5m | Added +66.6k |
| Capital International, Inc./CA/ 0.37% of their portfolio | 1.3m $28.1m | Reduced -59.7k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 1.3m $27.1m | Added +559.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.10% of their portfolio | 1.3m $27.1m | Added +99.7k |
| Quaker Capital Investments, LLC 8.80% of their portfolio | 1.3m $26.7m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.3m $26.3m | Reduced -50.4k |
| Invesco Ltd. 0.01% of their portfolio | 1.2m $24.9m | Added +83.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.2m $24.2m | Added +153.1k |
| BWCP, LP 5.94% of their portfolio | 1.1m $23.6m | Reduced -95.8k |
| UBS Group AG 0.01% of their portfolio | 1.1m $22.2m | Reduced -215.1k |
| Gavilan Investment Partners LLC 6.92% of their portfolio | 1.0m $21.8m | Reduced -255.0k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 1.0m $21.7m | Added +1.0m |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 961.6k $20.1m | New |
| CITIGROUP INC 0.02% of their portfolio | 953.2k $20.0m | Added +156.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 933.5k $19.6m | Added +359.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 860.4k $18.0m | Added +63.2k |
| Handelsbanken Fonder AB 0.08% of their portfolio | 859.6k $18.0m | Added +253.4k |
| Rose Park Advisors, LLC 100.00% of their portfolio | 849.3k $17.8m | Reduced -94.0k |
| TREMBLANT CAPITAL GROUP 1.97% of their portfolio | 823.6k $17.3m | Added +696.9k |
| Chescapmanager LLC 2.70% of their portfolio | 817.1k $17.1m | Unchanged |
| Penserra Capital Management LLC 0.21% of their portfolio | 795.8k $16.7m | Added +57.7k |
| Ensign Peak Advisors, Inc 0.03% of their portfolio | 775.8k $16.3m | Reduced -35.1k |
| National Philanthropic Trust 0.30% of their portfolio | 743.5k $15.6m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 742.5k $15.6m | Added +387.2k |
| Bienville Capital Management, LLC 3.69% of their portfolio | 734.9k $15.4m | Added +207.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.05% of their portfolio | 730.2k $15.3m | Reduced -962.8k |
| Tiger Pacific Capital LP 4.35% of their portfolio | 720.9k $15.1m | Added +64.6k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 720.5k $15.1m | Reduced -22.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 717.1k $15.0m | Reduced -105.1k |
| Amundi 0.01% of their portfolio | 706.0k $14.8m | Added +132.5k |
| LORD, ABBETT & CO. LLC 0.02% of their portfolio | 700.1k $14.7m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 694.2k $14.5m | Added +145.6k |
| FEDERATED HERMES, INC. 0.03% of their portfolio | 679.6k $14.2m | Added +425.4k |
| DEEPWATER ASSET MANAGEMENT, LLC 5.06% of their portfolio | 664.9k $13.9m | Reduced -126.6k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 646.7k $13.5m | Added +329.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 620.9k $13.0m | Added +165.9k |
| Hosking Partners LLP 0.48% of their portfolio | 620.5k $13.0m | New |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 612.9k $12.8m | Reduced -379.1k |
| Twin Tree Management, LP 0.37% of their portfolio | 605.3k $12.7m | Reduced -229.4k |