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 ($37.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.87. Options: 42 managers hold calls ($468.1m notional), 27 hold puts ($342.4m).
Trends to Q1 2026
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 |
| Q3 2024 | 534 |
| Q4 2024 | 607 |
| Q1 2025 | 616 |
| Q2 2025 | 664 |
| Q3 2025 | 678 |
| Q4 2025 | 656 |
| Q1 2026 | 603 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 309 | 200 |
| Q3 2024 | 255 | 236 |
| Q4 2024 | 287 | 251 |
| Q1 2025 | 321 | 257 |
| Q2 2025 | 359 | 282 |
| Q3 2025 | 351 | 299 |
| Q4 2025 | 309 | 363 |
| Q1 2026 | 320 | 362 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $790.0m | $305.1m | 0.39 |
| Q3 2025 | $910.7m | $299.8m | 0.33 |
| Q4 2025 | $536.0m | $200.5m | 0.37 |
| Q1 2026 | $468.1m | $342.4m | 0.73 |
Biggest buyers
| Artisan Partners Limited Partnership | New | +33.7m |
| Dodge & Cox | Added | +22.8m |
| Aspex Management (HK) Ltd | New | +16.0m |
| Assenagon Asset Management S.A. | Added | +16.0m |
| D1 Capital Partners L.P. | New | +11.6m |
| GREENOAKS LLC | Added | +10.3m |
| HARRIS ASSOCIATES L P | New | +10.0m |
| Madison Avenue Partners, LP | New | +9.4m |
| GOLDMAN SACHS GROUP INC | Added | +9.0m |
| TIGER GLOBAL MANAGEMENT LLC | Added | +8.3m |
Biggest sellers
| WCM INVESTMENT MANAGEMENT, LLC | Reduced | -46.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -30.6m |
| BAILLIE GIFFORD & CO | Reduced | -25.5m |
| Altimeter Capital Management, LP | Sold out | -15.7m |
| Durable Capital Partners LP | Reduced | -11.6m |
| FMR LLC | Reduced | -9.3m |
| MARSHALL WACE, LLP | Sold out | -8.6m |
| PointState Capital LP | Reduced | -7.1m |
| TWO SIGMA ADVISERS, LP | Sold out | -5.7m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -4.5m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $172.6m9.1m shares |
| CITADEL ADVISORS LLC | Added | $63.3m3.4m shares |
| JANE STREET GROUP, LLC | Added | $30.5m1.6m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $21.8m1.2m shares |
| IMC-Chicago, LLC | Reduced | $20.6m1.1m shares |
| SIMPLEX TRADING, LLC | Added | $18.1m958.0k shares |
| GROUP ONE TRADING LLC | Added | $15.7m832.5k shares |
| UBS Group AG | Added | $14.5m770.5k shares |
| Chescapmanager LLC | New | $13.2m700.0k shares |
| TFJ Management, LLC | New | $10.9m579.6k shares |
Biggest puts
| JPMORGAN CHASE & CO | Added | $78.9m4.3m shares |
| GOLDMAN SACHS GROUP INC | Added | $68.3m3.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $50.9m2.7m shares |
| CITADEL ADVISORS LLC | Added | $29.2m1.5m shares |
| D. E. Shaw & Co., Inc. | Added | $27.6m1.5m shares |
| JANE STREET GROUP, LLC | Added | $14.2m752.5k shares |
| IMC-Chicago, LLC | Added | $12.2m648.0k shares |
| BARCLAYS PLC | New | $9.4m500.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $7.9m4.2k shares |
| Point72 Asset Management, L.P. | Added | $7.1m377.0k 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 2026
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 2024 | 1 | $20.4m | 4 | $15.7m | — |
| Q3 2024 | 1 | $39.3m | 3 | $9.6m | — |
| Q4 2024 | 1 | $54.6m | 2 | $345.0m | $344.6m |
| Q1 2025 | 0 | — | 5 | $15.3m | $1.7m |
| Q2 2025 | 1 | $37.5m | 5 | $20.2m | — |
| Q3 2025 | 0 | — | 5 | $31.2m | $2.1m |
| Q4 2025 | 0 | — | 2 | $2.6m | $2.2m |
| Q1 2026 | 1 | $136.6m | 1 | $63.3k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-13 | MEHTA NEIL Director · See Footnotes | Bought | $42.9m2.3m shares |
| 2026-03-12 | MEHTA NEIL Director · See Footnotes | Bought | $56.0m3.0m shares |
| 2026-03-11 | MEHTA NEIL Director · See Footnotes | Bought | $37.6m2.0m shares |
| 2026-01-02 | Lee Jonathan D. Chief Accounting Officer | Sold | $63.3k2.7k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| SB INVESTMENT ADVISERS (UK) LTD 70.74% of their portfolio | 289.5m $5.5bn | Unchanged |
| BAILLIE GIFFORD & CO 2.33% of their portfolio | 120.7m $2.3bn | Reduced -25.5m |
| Dodge & Cox 0.75% of their portfolio | 72.0m $1.4bn | Added +22.8m |
| BlackRock, Inc. 0.02% of their portfolio | 64.9m $1.2bn | Added +1.0m |
| MORGAN STANLEY 0.06% of their portfolio | 56.1m $1.1bn | Reduced -2.7m |
| Capital International Investors 0.20% of their portfolio | 44.3m $836.4m | Added +3.2m |
| TIGER GLOBAL MANAGEMENT LLC 2.86% of their portfolio | 34.6m $653.2m | Added +8.3m |
| Artisan Partners Limited Partnership 1.04% of their portfolio | 33.7m $635.7m | New |
| Dragoneer Investment Group, LLC 17.52% of their portfolio | 27.9m $525.9m | Added +6.3m |
| GREENOAKS LLC 21.13% of their portfolio | 25.7m $485.3m | Added +10.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 24.9m $469.9m | Added +550.6k |
| STATE STREET CORP 0.01% of their portfolio | 20.7m $391.3m | Added +436.6k |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY 62.93% of their portfolio | 19.2m $363.1m | Unchanged |
| Holocene Advisors, LP 0.83% of their portfolio | 18.1m $342.5m | Reduced -4.1m |
| Assenagon Asset Management S.A. 0.52% of their portfolio | 17.1m $323.2m | Added +16.0m |
| FMR LLC 0.02% of their portfolio | 16.5m $312.2m | Reduced -9.3m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 16.2m $306.1m | First filing |
| Aspex Management (HK) Ltd 4.39% of their portfolio | 16.0m $302.8m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 15.8m $299.0m | Reduced -30.6m |
| EMINENCE CAPITAL, LP 6.71% of their portfolio | 15.5m $292.8m | Added +2.9m |
| Foxhaven Asset Management, LP 8.80% of their portfolio | 14.8m $280.3m | Reduced -2.4m |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 14.5m $274.1m | Added +9.0m |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 13.5m $247.3m | Reduced -4.2m |
| ABRAMS CAPITAL MANAGEMENT, L.P. 5.30% of their portfolio | 13.0m $245.8m | Unchanged |
| Durable Capital Partners LP 2.50% of their portfolio | 12.9m $242.9m | Reduced -11.6m |
| Kontiki Capital Management (HK) Ltd. 15.70% of their portfolio | 11.9m $223.9m | Added +4.8m |
| Coronation Fund Managers Ltd. 10.13% of their portfolio | 11.8m $222.2m | Added +5.8m |
| Fiduciary Trust Co 2.61% of their portfolio | 11.7m $220.4m | Reduced -713.1k |
| D1 Capital Partners L.P. 1.95% of their portfolio | 11.6m $219.2m | New |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 11.3m $212.7m | Added +3.0m |
| HARRIS ASSOCIATES L P 0.25% of their portfolio | 10.0m $188.5m | New |
| Madison Avenue Partners, LP 7.69% of their portfolio | 9.4m $176.8m | New |
| GATES FOUNDATION TRUST 0.55% of their portfolio | 9.2m $174.6m | Unchanged |
| SANDS CAPITAL MANAGEMENT, LLC 0.68% of their portfolio | 9.2m $173.2m | Reduced -1.1m |
| Dorsal Capital Management, LP 5.93% of their portfolio | 7.9m $149.2m | Added +650.0k |
| Point72 Asset Management, L.P. 0.26% of their portfolio | 7.8m $147.2m | Added +1.6m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 7.7m $145.4m | Added +404.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 7.6m $143.8m | Reduced -4.5m |
| VANGUARD FIDUCIARY TRUST CO 0.04% of their portfolio | 7.5m $141.7m | First filing |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.59% of their portfolio | 7.5m $140.8m | Added +1.1m |
| NORTHERN TRUST CORP 0.02% of their portfolio | 6.2m $117.4m | Reduced -3.0m |
| Palestra Capital Management LLC 4.50% of their portfolio | 6.1m $114.6m | New |
| HMI Capital Management, L.P. 14.72% of their portfolio | 5.9m $111.0m | Reduced -875.0k |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 5.8m $109.3m | Added +4.7m |
| UBS Group AG 0.02% of their portfolio | 5.6m $106.7m | Added +2.4m |
| Columbus Hill Capital Management, L.P. 17.73% of their portfolio | 5.6m $105.0m | Added +4.7m |
| Sessa Capital IM, L.P. 1.86% of their portfolio | 5.2m $98.0m | New |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.1m $97.0m | Reduced -417.6k |
| D. E. Shaw & Co., Inc. 0.08% of their portfolio | 5.1m $96.7m | Reduced -4.2m |
| Dream Peak Capital Ltd 13.93% of their portfolio | 5.0m $94.0m | New |
| TREMBLANT CAPITAL GROUP 3.00% of their portfolio | 4.9m $93.2m | Added +389.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 4.6m $87.4m | Reduced -743.8k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 4.4m $82.4m | Added +732.3k |
| Legal & General Group Plc 0.02% of their portfolio | 4.0m $75.3m | Reduced -394.5k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 3.8m $71.6m | First filing |
| RDST Capital LLC 6.63% of their portfolio | 3.6m $68.9m | Added +1.5m |
| SEI INVESTMENTS CO 0.06% of their portfolio | 3.6m $67.5m | Added +1.7m |
| Nellore Capital Management LLC 8.06% of their portfolio | 3.3m $63.1m | Reduced -1.1m |
| Tree Line Advisors (Hong Kong) Ltd. 25.91% of their portfolio | 3.3m $60.3m | Unchanged |
| CITIGROUP INC 0.04% of their portfolio | 3.2m $61.1m | Added +1.6m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 3.2m $60.0m | Added +13.6k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 3.1m $58.5m | Reduced -140.5k |
| Nuveen, LLC 0.02% of their portfolio | 3.0m $56.3m | Reduced -320.2k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 3.0m $56.1m | Added +198.6k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 2.9m $54.4m | Added +1.2m |
| BAMCO INC /NY/ 0.16% of their portfolio | 2.8m $53.0m | Reduced -1.5m |
| Duquesne Family Office LLC 1.71% of their portfolio | 2.7m $50.4m | Reduced -4.1m |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 2.4m $45.7m | Reduced -145.7k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 2.3m $42.8m | Added +328.4k |
| LONG WALK MANAGEMENT LP 11.88% of their portfolio | 2.2m $40.8m | Added +487.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio | 2.1m $40.1m | Added +769.1k |
| Capital International, Inc./CA/ 0.30% of their portfolio | 2.1m $39.1m | Added +95.9k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 2.0m $38.6m | Added +1.2m |
| WCM INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 1.9m $35.4m | Reduced -46.3m |
| Tiger Pacific Capital LP 16.78% of their portfolio | 1.9m $36.0m | Added +1.1m |
| VANGUARD ASSET MANAGEMENT, Ltd 0.03% of their portfolio | 1.9m $35.8m | First filing |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 1.7m $32.6m | Reduced -351 |
| Fund 1 Investments, LLC 4.10% of their portfolio | 1.7m $31.5m | Added +1.6m |
| USS Investment Management Ltd 0.13% of their portfolio | 1.7m $31.5m | Added +1.4m |
| Allen Investment Management, LLC 0.38% of their portfolio | 1.6m $31.0m | Reduced -245.3k |
| California Public Employees Retirement System 0.02% of their portfolio | 1.6m $30.7m | Reduced -574.6k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 1.6m $30.0m | Added +1.5m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 1.5m $27.9m | Added +519.7k |
| Gavilan Investment Partners LLC 7.43% of their portfolio | 1.5m $27.7m | Added +70.0k |
| MIC Capital Management UK LLP 7.57% of their portfolio | 1.4m $26.7m | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 1.4m $25.8m | Reduced -219.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.4m $25.7m | Added +4.0k |
| Hosking Partners LLP 0.91% of their portfolio | 1.3m $25.3m | Added +527.4k |
| Park West Asset Management LLC 1.91% of their portfolio | 1.1m $21.6m | Reduced -283.4k |
| SRS Investment Management, LLC 0.22% of their portfolio | 1.1m $21.1m | New |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.04% of their portfolio | 1.1m $21.0m | Reduced -14.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.05% of their portfolio | 1.1m $21.0m | Reduced -323.7k |
| SG Americas Securities, LLC 0.02% of their portfolio | 1.1m $20.8m | Added +111.9k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 1.1m $20.6m | Reduced -1.9m |
| IEQ CAPITAL, LLC 0.10% of their portfolio | 1.1m $20.6m | Reduced -911.4k |
| UNTITLED INVESTMENTS LP 7.62% of their portfolio | 1.1m $20.5m | Reduced -14.3k |
| Whitebark Investors LP 16.15% of their portfolio | 1.1m $20.2m | Added +18.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 1.1m $19.9m | Unchanged |
| LIGHT STREET CAPITAL MANAGEMENT, LLC 3.99% of their portfolio | 1.1m $19.9m | New |
| LAKEWOOD CAPITAL MANAGEMENT, LP 1.26% of their portfolio | 1.0m $19.6m | New |