Vault-13

EHANG HLDGS LTD EH

ADS · ADR · CUSIP 26853E102 · ISIN US26853E1029

Company that develops and manufactures UAVs and PAVs

84 institutional holders -7 vs Q1 2025
13,686,92313.7m shares reported held*
$237.6mreported value*
15 new 29 added 28 reduced 22 sold out net sold ≈ $34.6m (-2.0m shares)

* 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

050100Q3 22: 40Q4 22: 49Q1 23: 46Q2 23: 52Q3 23: 63Q4 23: 62Q1 24: 57Q2 24: 63Q3 24: 62Q4 24: 70Q1 25: 91Q2 25: 8484Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202240
Q4 202249
Q1 202346
Q2 202352
Q3 202363
Q4 202362
Q1 202457
Q2 202463
Q3 202462
Q4 202470
Q1 202591
Q2 202584

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q3 23: 39 bought or addedQ3 23: 26 cut or sold outQ4 23: 31 bought or addedQ4 23: 37 cut or sold outQ4 23Q1 24: 33 bought or addedQ1 24: 32 cut or sold outQ2 24: 36 bought or addedQ2 24: 30 cut or sold outQ2 24Q3 24: 31 bought or addedQ3 24: 30 cut or sold outQ4 24: 40 bought or addedQ4 24: 31 cut or sold outQ4 24Q1 25: 49 bought or addedQ1 25: 35 cut or sold outQ2 25: 44 bought or addedQ2 25: 50 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233926
Q4 20233137
Q1 20243332
Q2 20243630
Q3 20243130
Q4 20244031
Q1 20254935
Q2 20254450

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$50m$100m$150mQ3 24 calls: $16.9mQ3 24 puts: $62.6mQ3 24P/C 3.71Q4 24 calls: $25.0mQ4 24 puts: $95.9mQ4 24P/C 3.84Q1 25 calls: $52.7mQ1 25 puts: $121.1mQ1 25P/C 2.30Q2 25 calls: $104.4mQ2 25 puts: $69.6mQ2 25P/C 0.67
Numbers
QuarterCallsPutsP/C
Q3 2024$16.9m$62.6m3.71
Q4 2024$25.0m$95.9m3.84
Q1 2025$52.7m$121.1m2.30
Q2 2025$104.4m$69.6m0.67

Biggest buyers

VANGUARD GROUP INC Added +312,170+312.2k
KADENSA CAPITAL Ltd Added +304,757+304.8k
Carrhae Capital LLP New +271,700+271.7k
Eschler Asset Management LLP Added +186,012+186.0k
Hel Ved Capital Management Ltd Added +184,431+184.4k
PEAK6 LLC New +123,192+123.2k
BlackRock, Inc. Added +120,449+120.4k
IMC-Chicago, LLC Added +78,895+78.9k
UBS Group AG Added +77,368+77.4k
STATE STREET CORP Added +61,901+61.9k

Biggest sellers

Cubist Systematic Strategies, LLC Sold out -684,103-684.1k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Sold out -557,539-557.5k
CANADA PENSION PLAN INVESTMENT BOARD Sold out -390,700-390.7k
BNP PARIBAS FINANCIAL MARKETS Reduced -360,300-360.3k
JANE STREET GROUP, LLC Sold out -269,267-269.3k
MILLENNIUM MANAGEMENT LLC Reduced -256,092-256.1k
GROUP ONE TRADING LLC Reduced -243,604-243.6k
TWO SIGMA INVESTMENTS, LP Sold out -189,642-189.6k
BANK OF AMERICA CORP /DE/ Reduced -169,656-169.7k
Walleye Capital LLC Reduced -160,857-160.9k

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.

HolderStakeChangeShares Last filed
FIL Ltd 13G · institution new · filed 2026-08-06 7.4% new 4.5m 2026-08-06
Axim Planning & Wealth 13G · institution -1.9 pts · filed 2026-08-13 5.3% -1.9 pts 8.0m 2026-08-13

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Axim Planning & Wealth 69.77% of their portfolio SPRINGBORO, OH 4,398,2424.4m $76.4m $76.4m 69.77% Added +4.4k +4,447
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,966,7972.0m $34.1m $34.1m 0.00% Added +312.2k +312,170
3 KADENSA CAPITAL Ltd 2.94% of their portfolio CENTRAL, K3 1,063,9371.1m $18.5m $18.5m 2.94% Added +304.8k +304,757
4 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,044,5841.0m $18.1m $18.1m 0.00% Added +61.9k +61,901
5 UBS Group AG 0.00% of their portfolio ZURICH, V8 838,763838.8k $14.6m $14.6m 0.00% Added +77.4k +77,368
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 728,068728.1k $12.6m $12.6m 0.00% Reduced -124.5k -124,542
7 NORGES BANK 0.00% of their portfolio OSLO, Q8 441,782441.8k $7.7m $7.7m 0.00% Unchanged
8 Carrhae Capital LLP 0.45% of their portfolio London, X0 271,700271.7k $4.7m $4.7m 0.45% New
9 Hel Ved Capital Management Ltd 1.92% of their portfolio CENTRAL, K3 245,431245.4k $4.3m $4.3m 1.92% Added +184.4k +184,431
10 Eschler Asset Management LLP 2.62% of their portfolio London, X0 200,000200.0k $3.5m $3.5m 2.62% Added +186.0k +186,012
11 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 155,860155.9k $2.7m $2.7m 0.00% Added +28.5k +28,493
12 IMC-Chicago, LLC 0.07% of their portfolio CHICAGO, IL 149,980150.0k $2.6m $2.6m 0.07% Added +78.9k +78,895
13 GROUP ONE TRADING LLC 0.08% of their portfolio CHICAGO, IL 138,995139.0k $2.4m $2.4m 0.08% Reduced -243.6k -243,604
14 BlackRock, Inc. 0.00% of their portfolio New York, NY 124,848124.8k $2.2m $2.2m 0.00% Added +120.4k +120,449
15 PEAK6 LLC 0.04% of their portfolio AUSTIN, TX 123,192123.2k $2.1m $2.1m 0.04% New
16 Carmignac Gestion 0.03% of their portfolio PARIS, I0 106,479106.5k $1.8m $1.8m 0.03% Reduced -14.0k -14,032
17 SIMPLEX TRADING, LLC 0.05% of their portfolio CHICAGO, IL 106,291106.3k $1.8m $1.8m 0.05% Reduced -13.9k -13,908
18 Headlands Technologies LLC 0.17% of their portfolio CHICAGO, IL 80,16380.2k $1.4m $1.4m 0.17% Added +37.7k +37,729
19 Man Group plc 0.00% of their portfolio LONDON, X0 79,78979.8k $1.4m $1.4m 0.00% Added +46.4k +46,364
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 76,17776.2k $1.3m $1.3m 0.00% Reduced -169.7k -169,656
21 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 73,19173.2k $1.3m $1.3m 0.00% Reduced -52.6k -52,590
22 GSA CAPITAL PARTNERS LLP 0.08% of their portfolio LONDON, X0 68,51768.5k $1.2m $1.2m 0.08% Added +31.6k +31,615
23 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 62,54962.5k $1.1m $1.1m 0.00% Reduced -28.5k -28,489
24 Lighthouse Investment Partners, LLC 0.05% of their portfolio Palm Beach Gardens, FL 62,12262.1k $1.1m $1.1m 0.05% Reduced -42.1k -42,092
25 Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio TOKYO, M0 59,56759.6k $1.0m $1.0m 0.00% Reduced -13.6k -13,615
26 XTX Topco Ltd 0.04% of their portfolio LONDON, X0 58,10158.1k $1.0m $1.0m 0.04% New
27 California Public Employees Retirement System 0.00% of their portfolio Sacramento, CA 50,33850.3k $873.9k $873.9k 0.00% Reduced -1.7k -1,689
28 SteelPeak Wealth, LLC 0.03% of their portfolio WOODLAND HILLS, CA 49,35449.4k $856.8k $856.8k 0.03% New
29 Y-Intercept (Hong Kong) Ltd 0.02% of their portfolio HONG KONG, K3 46,72346.7k $811.1k $811.1k 0.02% New
30 Eleva Capital SAS 0.17% of their portfolio PARIS, I0 46,33646.3k $804.4k $804.4k 0.17% First filing
31 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 44,37844.4k $770.4k $770.4k 0.00% Reduced -6.8k -6,837
32 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 41,96042.0k $728.0k $728.0k 0.00% Added +35.3k +35,348
33 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 39,20239.2k $680.5k $680.5k 0.00% Reduced -2.1k -2,115
34 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 38,31938.3k $665.0k $665.0k 0.00% New
35 Electron Capital Partners, LLC 0.03% of their portfolio NEW YORK, NY 35,91935.9k $623.6k $623.6k 0.03% Reduced -81 -81
36 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 35,63435.6k $618.2k $618.2k 0.01% Reduced -11.5k -11,485
37 Hennion & Walsh Asset Management, Inc. 0.02% of their portfolio Parsippany, NJ 35,58835.6k $617.8k $617.8k 0.02% Reduced -582 -582
38 Virtu Financial LLC 0.03% of their portfolio New York, NY 35,50535.5k $616.0k $616.0k 0.03% New
39 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 34,38134.4k $597.0k $597.0k 0.00% New
40 Walleye Trading LLC 0.01% of their portfolio NEW YORK, NY 34,36134.4k $596.5k $596.5k 0.01% Reduced -37.0k -36,978
41 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 32,14432.1k $558.0k $558.0k 0.00% Reduced -360.3k -360,300
42 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 29,68329.7k $515.3k $515.3k 0.00% Reduced -256.1k -256,092
43 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 29,37829.4k $510.0k $510.0k 0.00% Added +27.4k +27,402
44 SBI Securities Co., Ltd. 0.01% of their portfolio TOKYO, M0 27,13127.1k $471.0k $471.0k 0.01% Added +264 +264
45 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 27,09927.1k $470.4k $470.4k 0.00% New
46 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 27,01827.0k $469.0k $469.0k 0.00% Added +26.6k +26,568
47 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 25,40925.4k $441.1k $441.1k 0.00% Reduced -37.2k -37,184
48 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 25,35025.4k $440.1k $440.1k 0.00% Reduced -18.2k -18,208
49 Baader Bank Aktiengesellschaft 0.04% of their portfolio Unterschleissheim, 2M 25,00025.0k $434.0k $434.0k 0.04% Reduced -95.0k -95,000
50 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 21,24121.2k $368.7k $368.7k 0.00% New
51 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 17,07317.1k $300.0k $300.0k 0.00% New
52 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 13,49913.5k $234.3k $234.3k 0.00% Reduced -160.9k -160,857
53 Leonteq Securities AG 0.01% of their portfolio ZURICH, V8 12,65412.7k $219.7k $219.7k 0.01% Added +5.6k +5,580
54 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 12,00912.0k $208.5k $208.5k 0.00% Added +6.9k +6,869
55 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 11,99412.0k $208.0k $208.0k 0.00% New
56 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 10,04010.0k $174.3k $174.3k 0.00% Reduced -1.4k -1,360
57 Quantbot Technologies LP 0.00% of their portfolio NEW YORK, NY 7,4257.4k $128.9k $128.9k 0.00% Reduced -31.7k -31,743
58 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,2927.3k $126.6k $126.6k 0.00% Added +671 +671
59 Caitong International Asset Management Co., Ltd 0.08% of their portfolio HONG KONG, K3 6,5286.5k $113.3k $113.3k 0.08% Added +6.3k +6,327
60 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 5,1035.1k $86.7k $86.7k 0.00% New
61 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 3,5493.5k $62.0k $62.0k 0.00% Reduced -682 -682
62 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 3,5003.5k $60.8k $60.8k 0.00% New
63 Legal & General Group Plc 0.00% of their portfolio London, X0 3,3803.4k $58.7k $58.7k 0.00% Added +2.1k +2,136
64 NATIXIS 0.00% of their portfolio PARIS, I0 2,0512.1k $35.6k $35.6k 0.00% Reduced -282 -282
65 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 1,8471.8k $32.1k $32.1k 0.00% Added +404 +404
66 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 1,6431.6k $28.5k $28.5k 0.00% Reduced -304 -304
67 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1,3041.3k $22.6k $22.6k 0.00% Added +1.3k +1,253
68 Bank Julius Baer & Co. Ltd, Zurich 0.00% of their portfolio ZURICH, V8 1,0021.0k $17.4k $17.4k 0.00% Added +3 +3
69 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 777777 $13.5k $13.5k 0.00% Added +655 +655
70 Turim 21 Investimentos Ltda. 0.00% of their portfolio RIO DE JANEIRO, D5 501501 $8.7k $8.7k 0.00% Unchanged
71 Aventura Private Wealth, LLC 0.00% of their portfolio AVENTURA, FL 300300 $5.2k $5.2k 0.00% Unchanged
72 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 251251 $4.4k $4.4k 0.00% Added +75 +75
73 Independence Bank of Kentucky 0.00% of their portfolio OWENSBORO, KY 150150 $2.6k $2.6k 0.00% Unchanged
74 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 100100 $1.7k $1.7k 0.00% Unchanged
75 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 7777 $1.3k $1.3k 0.00% Reduced -533 -533
76 CWM, LLC 0.00% of their portfolio OMAHA, NE 7070 $1.0k $1.0k 0.00% Unchanged
77 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 6767 $1.2k $1.2k 0.00% Added +30 +30
78 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 4545 $781 $781 0.00% Unchanged
79 TSFG, LLC 0.00% of their portfolio LAKE FOREST, IL 4040 $1.0k $1.0k 0.00% Unchanged
80 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 2525 $394 $394 0.00% Unchanged
81 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 2121 $365 $365 0.00% Added +1 +1
82 WealthCollab, LLC 0.00% of their portfolio BELLEVUE, WA 2020 $348 $348 0.00% Unchanged
83 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 1010 $174 $174 0.00% New
84 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged