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 ($23.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.37. Options: 46 managers hold calls ($712.4m notional), 25 hold puts ($229.9m).
Trends to Q2 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 |
| Q2 2026 | 589 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 254 | 338 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $910.7m | $299.8m | 0.33 |
| Q4 2025 | $536.0m | $200.5m | 0.37 |
| Q1 2026 | $468.1m | $342.4m | 0.73 |
| Q2 2026 | $712.4m | $229.9m | 0.32 |
Biggest buyers
| Aspex Management (HK) Ltd | Added | +22.0m |
| Artisan Partners Limited Partnership | Added | +16.8m |
| Point72 Asset Management, L.P. | Added | +14.6m |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY | Added | +9.9m |
| Assenagon Asset Management S.A. | Added | +9.4m |
| Invesco Ltd. | Added | +6.1m |
| GOLDMAN SACHS GROUP INC | Added | +5.9m |
| HARRIS ASSOCIATES L P | Added | +4.3m |
| Dream Peak Capital Ltd | Added | +3.9m |
| MARSHALL WACE, LLP | New | +3.6m |
Biggest sellers
| BAILLIE GIFFORD & CO | Reduced | -41.9m |
| Capital International Investors | Reduced | -40.8m |
| Dragoneer Investment Group, LLC | Sold out | -27.9m |
| EMINENCE CAPITAL, LP | Sold out | -15.5m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -12.2m |
| Durable Capital Partners LP | Reduced | -9.0m |
| JPMORGAN CHASE & CO | Reduced | -6.8m |
| FMR LLC | Reduced | -6.7m |
| MORGAN STANLEY | Reduced | -6.1m |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -4.4m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $140.9m8.1m shares |
| CITADEL ADVISORS LLC | Added | $67.4m3.9m shares |
| JANE STREET GROUP, LLC | Added | $48.4m2.8m shares |
| GOLDMAN SACHS GROUP INC | Added | $43.7m2.5m shares |
| IMC-Chicago, LLC | Added | $34.9m2.0m shares |
| Dorsal Capital Management, LP | New | $34.7m2.0m shares |
| Point72 Asset Management, L.P. | Added | $32.7m1.9m shares |
| CITIGROUP INC | Added | $31.8m1.8m shares |
| Squarepoint Ops LLC | Added | $30.5m1.8m shares |
| Caption Management, LLC | Added | $28.7m1.6m shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | Added | $63.6m3.7m shares |
| JANE STREET GROUP, LLC | Added | $32.4m1.9m shares |
| JPMORGAN CHASE & CO | Reduced | $25.8m1.5m shares |
| CITADEL ADVISORS LLC | Reduced | $20.5m1.2m shares |
| IMC-Chicago, LLC | Added | $17.9m1.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $16.0m919.7k shares |
| Point72 Asset Management, L.P. | Added | $10.2m589.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $9.8m564.8k shares |
| Squarepoint Ops LLC | Added | $6.0m345.3k shares |
| D. E. Shaw & Co., Inc. | Reduced | $4.1m238.6k 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 2 | $3.2m | $88.9k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-10 | Rogers Harold Officer | Sold | $3.1m192.1k shares |
| 2026-08-10 | Lee Jonathan D. Chief Accounting Officer | Sold plan | $88.9k5.5k 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 2026
| Manager | Shares | Change |
|---|---|---|
| SB INVESTMENT ADVISERS (UK) LTD 65.64% of their portfolio | 289.5m $5.0bn | Unchanged |
| BAILLIE GIFFORD & CO 1.24% of their portfolio | 78.7m $1.4bn | Reduced -41.9m |
| Dodge & Cox 0.66% of their portfolio | 72.2m $1.3bn | Added +186.1k |
| BlackRock, Inc. 0.02% of their portfolio | 62.4m $1.1bn | Reduced -2.5m |
| Artisan Partners Limited Partnership 1.43% of their portfolio | 50.4m $876.1m | Added +16.8m |
| MORGAN STANLEY 0.05% of their portfolio | 50.0m $868.9m | Reduced -6.1m |
| Aspex Management (HK) Ltd 7.44% of their portfolio | 38.0m $660.6m | Added +22.0m |
| TIGER GLOBAL MANAGEMENT LLC 2.64% of their portfolio | 36.5m $633.4m | Added +1.9m |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY 69.06% of their portfolio | 29.1m $506.0m | Added +9.9m |
| Assenagon Asset Management S.A. 0.30% of their portfolio | 26.5m $459.8m | Added +9.4m |
| GREENOAKS LLC 18.94% of their portfolio | 25.7m $446.5m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 23.9m $416.0m | Reduced -939.8k |
| Point72 Asset Management, L.P. 0.59% of their portfolio | 22.4m $389.2m | Added +14.6m |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 20.4m $355.2m | Added +5.9m |
| NORGES BANK 0.04% of their portfolio | 20.4m $353.7m | Not comparable |
| STATE STREET CORP 0.01% of their portfolio | 19.9m $345.6m | Reduced -833.8k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 16.4m $284.3m | Added +158.0k |
| HARRIS ASSOCIATES L P 0.33% of their portfolio | 14.3m $248.3m | Added +4.3m |
| Holocene Advisors, LP 0.56% of their portfolio | 14.1m $245.5m | Reduced -4.0m |
| Kontiki Capital Management (HK) Ltd. 14.87% of their portfolio | 13.1m $226.7m | Added +1.2m |
| ABRAMS CAPITAL MANAGEMENT, L.P. 4.13% of their portfolio | 13.0m $226.1m | Unchanged |
| Coronation Fund Managers Ltd. 8.29% of their portfolio | 12.5m $217.0m | Added +723.8k |
| Madison Avenue Partners, LP 9.31% of their portfolio | 12.5m $216.4m | Added +3.1m |
| Foxhaven Asset Management, LP 5.37% of their portfolio | 11.5m $200.2m | Reduced -3.3m |
| Fiduciary Trust Co 2.16% of their portfolio | 11.4m $198.2m | Reduced -265.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 10.4m $180.7m | Reduced -862.0k |
| D1 Capital Partners L.P. 0.51% of their portfolio | 10.3m $178.8m | Reduced -1.3m |
| FMR LLC 0.01% of their portfolio | 9.9m $171.7m | Reduced -6.7m |
| GATES FOUNDATION TRUST 0.47% of their portfolio | 9.2m $160.6m | Unchanged |
| Dream Peak Capital Ltd 15.19% of their portfolio | 8.9m $153.9m | Added +3.9m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 8.1m $141.5m | Added +446.5k |
| SANDS CAPITAL MANAGEMENT, LLC 0.49% of their portfolio | 7.6m $131.3m | Reduced -1.6m |
| VANGUARD FIDUCIARY TRUST CO 0.03% of their portfolio | 7.5m $130.3m | Reduced -1.6k |
| Dorsal Capital Management, LP 4.69% of their portfolio | 7.5m $130.3m | Reduced -400.0k |
| Invesco Ltd. 0.01% of their portfolio | 7.5m $129.8m | Added +6.1m |
| MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio | 7.4m $128.5m | Added +1.6m |
| TREMBLANT CAPITAL GROUP 3.47% of their portfolio | 7.0m $120.7m | Added +2.0m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 6.8m $119.4m | Reduced -6.8m |
| Palestra Capital Management LLC 3.99% of their portfolio | 6.8m $117.6m | Added +699.1k |
| UBS Group AG 0.02% of their portfolio | 6.6m $114.4m | Added +935.0k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 5.8m $100.1m | Reduced -457.5k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 5.3m $92.5m | Added +2.4m |
| Sessa Capital IM, L.P. 1.56% of their portfolio | 5.2m $90.2m | Unchanged |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 4.9m $84.7m | Added +2.0m |
| JANE STREET GROUP, LLC 0.05% of their portfolio | 4.9m $84.5m | Added +3.3m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 4.8m $83.6m | Reduced -329.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 4.5m $77.9m | Reduced -3.2m |
| HMI Capital Management, L.P. 11.17% of their portfolio | 4.4m $76.7m | Reduced -1.5m |
| CITIGROUP INC 0.03% of their portfolio | 4.3m $75.3m | Added +1.1m |
| PointState Capital LP 1.27% of their portfolio | 4.2m $72.2m | Added +3.4m |
| RDST Capital LLC 5.80% of their portfolio | 4.0m $70.1m | Added +387.9k |
| Tree Line Advisors (Hong Kong) Ltd. 19.29% of their portfolio | 3.9m $67.7m | Added +600.0k |
| Durable Capital Partners LP 0.66% of their portfolio | 3.9m $67.4m | Reduced -9.0m |
| SEI INVESTMENTS CO 0.06% of their portfolio | 3.8m $66.7m | Added +268.9k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 3.8m $66.6m | Reduced -532.3k |
| Columbus Hill Capital Management, L.P. 7.39% of their portfolio | 3.8m $66.4m | Reduced -1.7m |
| Nellore Capital Management LLC 7.25% of their portfolio | 3.8m $65.3m | Added +420.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 3.7m $64.0m | Reduced -12.2m |
| MARSHALL WACE, LLP 0.05% of their portfolio | 3.6m $62.4m | New |
| Legal & General Group Plc 0.01% of their portfolio | 3.6m $61.8m | Reduced -431.0k |
| Squarepoint Ops LLC 0.12% of their portfolio | 3.5m $61.3m | New |
| Capital International Investors 0.01% of their portfolio | 3.5m $61.0m | Reduced -40.8m |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 3.4m $59.6m | Added +1.2m |
| Tiger Pacific Capital LP 26.61% of their portfolio | 3.3m $58.1m | Added +1.4m |
| Balyasny Asset Management L.P. 0.10% of their portfolio | 3.3m $57.2m | New |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 3.2m $56.2m | Added +815.7k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 3.2m $56.1m | Reduced -562.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 3.2m $55.2m | Reduced -1.5m |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.19% of their portfolio | 3.0m $52.4m | Reduced -4.4m |
| Nuveen, LLC 0.01% of their portfolio | 2.9m $49.8m | Reduced -116.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.9m $49.5m | Reduced -324.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio | 2.9m $49.5m | Added +725.3k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 2.8m $48.7m | Reduced -299.3k |
| BAMCO INC /NY/ 0.07% of their portfolio | 2.8m $48.3m | Reduced -30.0k |
| Duquesne Family Office LLC 1.06% of their portfolio | 2.7m $46.3m | Unchanged |
| WCM INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 2.6m $45.8m | Added +665.9k |
| Irenic Capital Management LP 3.11% of their portfolio | 2.5m $43.2m | New |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 2.5m $42.8m | Added +2.2m |
| Avantyr Capital Partners, LP 1.55% of their portfolio | 2.4m $42.2m | New |
| BARCLAYS PLC 0.01% of their portfolio | 2.3m $39.5m | Added +2.0m |
| Carrhae Capital LLP 2.52% of their portfolio | 2.2m $38.2m | New |
| Estuary Capital Management LP 6.23% of their portfolio | 2.1m $36.7m | New |
| VANGUARD ASSET MANAGEMENT, Ltd 0.02% of their portfolio | 2.1m $36.4m | Added +200.9k |
| SCGE MANAGEMENT, L.P. 0.62% of their portfolio | 2.1m $36.3m | New |
| LIGHT STREET CAPITAL MANAGEMENT, LLC 4.13% of their portfolio | 2.0m $35.2m | Added +973.0k |
| Hosking Partners LLP 1.15% of their portfolio | 2.0m $34.6m | Added +649.4k |
| LONG WALK MANAGEMENT LP 7.85% of their portfolio | 2.0m $34.2m | Reduced -192.5k |
| Luxor Capital Group, LP 3.59% of their portfolio | 1.9m $33.0m | Added +1.6m |
| Charles-Lim Capital Ltd 9.87% of their portfolio | 1.8m $31.5m | Added +1.6m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.8m $31.1m | Added +425.8k |
| Ancient Art, L.P. 6.33% of their portfolio | 1.8m $31.0m | Added +1.2m |
| Schonfeld Strategic Advisors LLC 0.16% of their portfolio | 1.8m $30.4m | Added +1.6m |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 1.5m $26.8m | Added +636.8k |
| Gavilan Investment Partners LLC 6.20% of their portfolio | 1.5m $25.4m | Unchanged |
| California Public Employees Retirement System 0.01% of their portfolio | 1.5m $25.2m | Reduced -174.5k |
| MIC Capital Management UK LLP 6.22% of their portfolio | 1.4m $24.5m | Unchanged |
| Capital International, Inc./CA/ 0.17% of their portfolio | 1.4m $24.1m | Reduced -684.5k |
| Sands Capital Alternatives, LLC 3.76% of their portfolio | 1.3m $23.1m | Added +317.2k |
| LAKEWOOD CAPITAL MANAGEMENT, LP 1.18% of their portfolio | 1.3m $22.7m | Added +265.0k |
| Allen Investment Management, LLC 0.26% of their portfolio | 1.3m $21.9m | Reduced -384.8k |