EHANG HLDGS LTD EH
ADS · ADR · CUSIP 26853E102 · ISIN US26853E1029
Company that develops and manufactures UAVs and PAVs
* 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. Holder counts are more reliable. Implied quarter-end price ≈ $17.36. Options: 14 managers hold calls ($104.4m notional), 14 hold puts ($69.6m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 40 |
| Q4 2022 | 49 |
| Q1 2023 | 46 |
| Q2 2023 | 52 |
| Q3 2023 | 63 |
| Q4 2023 | 62 |
| Q1 2024 | 57 |
| Q2 2024 | 63 |
| Q3 2024 | 62 |
| Q4 2024 | 70 |
| Q1 2025 | 91 |
| Q2 2025 | 84 |
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 2023 | 39 | 26 |
| Q4 2023 | 31 | 37 |
| Q1 2024 | 33 | 32 |
| Q2 2024 | 36 | 30 |
| Q3 2024 | 31 | 30 |
| Q4 2024 | 40 | 31 |
| Q1 2025 | 49 | 35 |
| Q2 2025 | 44 | 50 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $16.9m | $62.6m | 3.71 |
| Q4 2024 | $25.0m | $95.9m | 3.84 |
| Q1 2025 | $52.7m | $121.1m | 2.30 |
| Q2 2025 | $104.4m | $69.6m | 0.67 |
Biggest buyers
| VANGUARD GROUP INC | Added | +312.2k |
| KADENSA CAPITAL Ltd | Added | +304.8k |
| Carrhae Capital LLP | New | +271.7k |
| Eschler Asset Management LLP | Added | +186.0k |
| Hel Ved Capital Management Ltd | Added | +184.4k |
| PEAK6 LLC | New | +123.2k |
| BlackRock, Inc. | Added | +120.4k |
| IMC-Chicago, LLC | Added | +78.9k |
| UBS Group AG | Added | +77.4k |
| STATE STREET CORP | Added | +61.9k |
Biggest sellers
| Cubist Systematic Strategies, LLC | Sold out | -684.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -557.5k |
| CANADA PENSION PLAN INVESTMENT BOARD | Sold out | -390.7k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -360.3k |
| JANE STREET GROUP, LLC | Sold out | -269.3k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -256.1k |
| GROUP ONE TRADING LLC | Reduced | -243.6k |
| TWO SIGMA INVESTMENTS, LP | Sold out | -189.6k |
| BANK OF AMERICA CORP /DE/ | Reduced | -169.7k |
| Walleye Capital LLC | Reduced | -160.9k |
Biggest calls
| GROUP ONE TRADING LLC | Added | $26.0m1.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $24.7m1.4m shares |
| JANE STREET GROUP, LLC | Added | $16.3m940.8k shares |
| PEAK6 LLC | Added | $14.0m804.0k shares |
| CITADEL ADVISORS LLC | Added | $8.1m467.6k shares |
| Walleye Trading LLC | Added | $5.1m290.9k shares |
| SIMPLEX TRADING, LLC | Added | $4.4m251.5k shares |
| IMC-Chicago, LLC | Added | $3.0m171.2k shares |
| Caption Management, LLC | New | $1.8m103.2k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $583.3k33.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $19.3m1.1m shares |
| GROUP ONE TRADING LLC | Reduced | $15.3m882.1k shares |
| JANE STREET GROUP, LLC | Reduced | $10.4m597.4k shares |
| Walleye Trading LLC | Added | $8.7m499.8k shares |
| CITADEL ADVISORS LLC | Reduced | $6.7m387.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.4m253.1k shares |
| IMC-Chicago, LLC | Added | $3.5m203.6k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $500.0k28.8k shares |
| PEAK6 LLC | Reduced | $288.2k16.6k shares |
| GOLDMAN SACHS GROUP INC | New | $210.1k12.1k 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 |
|---|---|
| FIL Ltd 13G · institution new · filed 2026-08-06 | 7.4% |
| Axim Planning & Wealth 13G · institution -1.9 pts · filed 2026-08-13 | 5.3% |
Fell to 5% or below in the last year: SUSQUEHANNA SECURITIES, LLC (4.0%, 2026-08-14)
Insider purchases and sales in Q2 2025
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.
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| Axim Planning & Wealth 69.77% of their portfolio | 4.4m $76.4m | Added +4.4k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.0m $34.1m | Added +312.2k |
| KADENSA CAPITAL Ltd 2.94% of their portfolio | 1.1m $18.5m | Added +304.8k |
| STATE STREET CORP 0.00% of their portfolio | 1.0m $18.1m | Added +61.9k |
| UBS Group AG 0.00% of their portfolio | 838.8k $14.6m | Added +77.4k |
| MORGAN STANLEY 0.00% of their portfolio | 728.1k $12.6m | Reduced -124.5k |
| NORGES BANK 0.00% of their portfolio | 441.8k $7.7m | Unchanged |
| Carrhae Capital LLP 0.45% of their portfolio | 271.7k $4.7m | New |
| Hel Ved Capital Management Ltd 1.92% of their portfolio | 245.4k $4.3m | Added +184.4k |
| Eschler Asset Management LLP 2.62% of their portfolio | 200.0k $3.5m | Added +186.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 155.9k $2.7m | Added +28.5k |
| IMC-Chicago, LLC 0.07% of their portfolio | 150.0k $2.6m | Added +78.9k |
| GROUP ONE TRADING LLC 0.08% of their portfolio | 139.0k $2.4m | Reduced -243.6k |
| BlackRock, Inc. 0.00% of their portfolio | 124.8k $2.2m | Added +120.4k |
| PEAK6 LLC 0.04% of their portfolio | 123.2k $2.1m | New |
| Carmignac Gestion 0.03% of their portfolio | 106.5k $1.8m | Reduced -14.0k |
| SIMPLEX TRADING, LLC 0.05% of their portfolio | 106.3k $1.8m | Reduced -13.9k |
| Headlands Technologies LLC 0.17% of their portfolio | 80.2k $1.4m | Added +37.7k |
| Man Group plc 0.00% of their portfolio | 79.8k $1.4m | Added +46.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 76.2k $1.3m | Reduced -169.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 73.2k $1.3m | Reduced -52.6k |
| GSA CAPITAL PARTNERS LLP 0.08% of their portfolio | 68.5k $1.2m | Added +31.6k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 62.5k $1.1m | Reduced -28.5k |
| Lighthouse Investment Partners, LLC 0.05% of their portfolio | 62.1k $1.1m | Reduced -42.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 59.6k $1.0m | Reduced -13.6k |
| XTX Topco Ltd 0.04% of their portfolio | 58.1k $1.0m | New |
| California Public Employees Retirement System 0.00% of their portfolio | 50.3k $873.9k | Reduced -1.7k |
| SteelPeak Wealth, LLC 0.03% of their portfolio | 49.4k $856.8k | New |
| Y-Intercept (Hong Kong) Ltd 0.02% of their portfolio | 46.7k $811.1k | New |
| Eleva Capital SAS 0.17% of their portfolio | 46.3k $804.4k | First filing |
| Squarepoint Ops LLC 0.00% of their portfolio | 44.4k $770.4k | Reduced -6.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 42.0k $728.0k | Added +35.3k |
| Invesco Ltd. 0.00% of their portfolio | 39.2k $680.5k | Reduced -2.1k |
| HRT FINANCIAL LP 0.00% of their portfolio | 38.3k $665.0k | New |
| Electron Capital Partners, LLC 0.03% of their portfolio | 35.9k $623.6k | Reduced -81 |
| Quadrature Capital Ltd 0.01% of their portfolio | 35.6k $618.2k | Reduced -11.5k |
| Hennion & Walsh Asset Management, Inc. 0.02% of their portfolio | 35.6k $617.8k | Reduced -582 |
| Virtu Financial LLC 0.03% of their portfolio | 35.5k $616.0k | New |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 34.4k $597.0k | New |
| Walleye Trading LLC 0.01% of their portfolio | 34.4k $596.5k | Reduced -37.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 32.1k $558.0k | Reduced -360.3k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 29.7k $515.3k | Reduced -256.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 29.4k $510.0k | Added +27.4k |
| SBI Securities Co., Ltd. 0.01% of their portfolio | 27.1k $471.0k | Added +264 |
| HighTower Advisors, LLC 0.00% of their portfolio | 27.1k $470.4k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 27.0k $469.0k | Added +26.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 25.4k $441.1k | Reduced -37.2k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 25.4k $440.1k | Reduced -18.2k |
| Baader Bank Aktiengesellschaft 0.04% of their portfolio | 25.0k $434.0k | Reduced -95.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 21.2k $368.7k | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 17.1k $300.0k | New |
| Walleye Capital LLC 0.00% of their portfolio | 13.5k $234.3k | Reduced -160.9k |
| Leonteq Securities AG 0.01% of their portfolio | 12.7k $219.7k | Added +5.6k |
| CITIGROUP INC 0.00% of their portfolio | 12.0k $208.5k | Added +6.9k |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 12.0k $208.0k | New |
| BARCLAYS PLC 0.00% of their portfolio | 10.0k $174.3k | Reduced -1.4k |
| Quantbot Technologies LP 0.00% of their portfolio | 7.4k $128.9k | Reduced -31.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 7.3k $126.6k | Added +671 |
| Caitong International Asset Management Co., Ltd 0.08% of their portfolio | 6.5k $113.3k | Added +6.3k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 5.1k $86.7k | New |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 3.5k $62.0k | Reduced -682 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 3.5k $60.8k | New |
| Legal & General Group Plc 0.00% of their portfolio | 3.4k $58.7k | Added +2.1k |
| NATIXIS 0.00% of their portfolio | 2.1k $35.6k | Reduced -282 |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 1.8k $32.1k | Added +404 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 1.6k $28.5k | Reduced -304 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 1.3k $22.6k | Added +1.3k |
| Bank Julius Baer & Co. Ltd, Zurich 0.00% of their portfolio | 1.0k $17.4k | Added +3 |
| Larson Financial Group LLC 0.00% of their portfolio | 777 $13.5k | Added +655 |
| Turim 21 Investimentos Ltda. 0.00% of their portfolio | 501 $8.7k | Unchanged |
| Aventura Private Wealth, LLC 0.00% of their portfolio | 300 $5.2k | Unchanged |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 251 $4.4k | Added +75 |
| Independence Bank of Kentucky 0.00% of their portfolio | 150 $2.6k | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 100 $1.7k | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 77 $1.3k | Reduced -533 |
| CWM, LLC 0.00% of their portfolio | 70 $1.0k | Unchanged |
| TORONTO DOMINION BANK 0.00% of their portfolio | 67 $1.2k | Added +30 |
| Sound Income Strategies, LLC 0.00% of their portfolio | 45 $781 | Unchanged |
| TSFG, LLC 0.00% of their portfolio | 40 $1.0k | Unchanged |
| Sunbelt Securities, Inc. 0.00% of their portfolio | 25 $394 | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 21 $365 | Added +1 |
| WealthCollab, LLC 0.00% of their portfolio | 20 $348 | Unchanged |
| Ameritas Advisory Services, LLC 0.00% of their portfolio | 10 $174 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |