GDS HLDGS LTD GDS
SPONSORED ADS · ADR · CUSIP 36165L108 · ISIN US36165L1089
GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China.
- SectorTechnology
- IndustryServices-Computer Programming, Data Processing, Etc.
- HeadquartersBeijing, People's Republic of China
- Founded2000
- Websitegds-services.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 ($1.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $30.02. Options: 18 managers hold calls ($185.2m notional), 12 hold puts ($21.9m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 135 |
| Q4 2022 | 146 |
| Q1 2023 | 136 |
| Q2 2023 | 120 |
| Q3 2023 | 103 |
| Q4 2023 | 107 |
| Q1 2024 | 107 |
| Q2 2024 | 109 |
| Q3 2024 | 139 |
| Q4 2024 | 138 |
| Q1 2025 | 156 |
| Q2 2025 | 163 |
| Q3 2025 | 205 |
| Q4 2025 | 181 |
| Q1 2026 | 207 |
| Q2 2026 | 198 |
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 | 80 | 46 |
| Q4 2024 | 66 | 68 |
| Q1 2025 | 74 | 80 |
| Q2 2025 | 93 | 79 |
| Q3 2025 | 135 | 73 |
| Q4 2025 | 96 | 111 |
| Q1 2026 | 122 | 81 |
| Q2 2026 | 113 | 111 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $204.4m | $134.8m | 0.66 |
| Q4 2025 | $64.2m | $71.0m | 1.11 |
| Q1 2026 | $94.6m | $52.1m | 0.55 |
| Q2 2026 | $185.2m | $21.9m | 0.12 |
Biggest buyers
| BARCLAYS PLC | Added | +3.7m |
| TOMS Capital Investment Management LP | New | +2.7m |
| Clearline Capital LP | New | +1.7m |
| UBS Group AG | Added | +1.6m |
| Slate Path Capital LP | New | +1.5m |
| Alyeska Investment Group, L.P. | Added | +1.2m |
| Carrhae Capital LLP | Added | +1.1m |
| GOLDMAN SACHS GROUP INC | Added | +1.1m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +1.1m |
| BlackRock, Inc. | Added | +983.5k |
Biggest sellers
| BANK OF AMERICA CORP /DE/ | Reduced | -2.0m |
| MARSHALL WACE, LLP | Reduced | -1.7m |
| WFM ASIA (BVI) Ltd | Sold out | -1.3m |
| Avala Global LP | Sold out | -1.2m |
| WCM INVESTMENT MANAGEMENT, LLC | Reduced | -622.6k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Reduced | -538.7k |
| HSBC HOLDINGS PLC | Reduced | -504.2k |
| Balyasny Asset Management L.P. | Reduced | -480.8k |
| BAMCO INC /NY/ | Reduced | -352.2k |
| CITIGROUP INC | Reduced | -342.7k |
Biggest calls
| TOMS Capital Investment Management LP | New | $30.0m1.0m shares |
| OnyxPoint Global Management LP | Added | $24.4m813.7k shares |
| Hel Ved Capital Management Ltd | New | $24.1m804.0k shares |
| GOLDMAN SACHS GROUP INC | New | $22.9m763.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $14.7m489.0k shares |
| UBS Group AG | Added | $12.1m401.4k shares |
| MILLENNIUM MANAGEMENT LLC | New | $12.0m400.1k shares |
| CITADEL ADVISORS LLC | Added | $11.2m374.5k shares |
| PEAK6 LLC | Added | $9.2m307.2k shares |
| GROUP ONE TRADING LLC | Added | $6.8m225.6k shares |
Biggest puts
| LMR Partners LLP | Unchanged | $5.9m196.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.6m187.1k shares |
| CITADEL ADVISORS LLC | Reduced | $3.7m123.0k shares |
| IMC-Chicago, LLC | Added | $2.6m86.9k shares |
| JANE STREET GROUP, LLC | Reduced | $1.1m35.7k shares |
| Jefferies Financial Group Inc. | Unchanged | $900.9k30.0k shares |
| GROUP ONE TRADING LLC | Reduced | $684.7k22.8k shares |
| HRT FINANCIAL LP | New | $375.0k12.5k shares |
| Walleye Trading LLC | Reduced | $306.3k10.2k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $297.3k9.9k 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 |
|---|---|
| SINGAPORE TECHNOLOGIES TELEMEDIA PTE LTD 13D · may seek influence -5.5 pts · filed 2025-09-10 | 28.7% |
| GIC Private Ltd 13G · passive investor -3.7 pts · filed 2026-08-13 | 7.5% |
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 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 2 | $1.7m | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-10 | Qian Yixin Executive VP, operation · American Depositary Shares | Sold | $352.5k10.0k shares |
| 2026-06-02 | Ye Judy Qing Director · American Depositary Shares | Sold | $1.4m37.4k 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 |
|---|---|---|
| Singapore Technologies Telemedia Pte Ltd 100.00% of their portfolio | 9.8m $295.4m | Unchanged |
| Sachem Head Capital Management LP 5.41% of their portfolio | 8.7m $260.8m | Unchanged |
| CANADA PENSION PLAN INVESTMENT BOARD 0.12% of their portfolio | 7.0m $210.3m | Unchanged |
| BARCLAYS PLC 0.06% of their portfolio | 6.7m $199.8m | Added +3.7m |
| Tekne Capital Management, LLC 58.73% of their portfolio | 6.0m $179.5m | Added +925.0k |
| BAMCO INC /NY/ 0.19% of their portfolio | 4.2m $127.5m | Reduced -352.2k |
| BAUPOST GROUP LLC/MA 2.09% of their portfolio | 3.8m $113.2m | Added +725.0k |
| UBS Group AG 0.02% of their portfolio | 3.6m $107.8m | Added +1.6m |
| Carrhae Capital LLP 6.53% of their portfolio | 3.3m $99.1m | Added +1.1m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 3.2m $95.0m | Added +1.1m |
| TOMS Capital Investment Management LP 4.32% of their portfolio | 2.7m $81.7m | New |
| 12 West Capital Management LP 14.40% of their portfolio | 2.6m $77.0m | Reduced -13.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.09% of their portfolio | 2.5m $74.7m | Added +1.1m |
| BlackRock, Inc. 0.00% of their portfolio | 2.2m $66.7m | Added +983.5k |
| Point72 Asset Management, L.P. 0.10% of their portfolio | 2.2m $65.2m | Added +616.7k |
| MORGAN STANLEY 0.00% of their portfolio | 1.7m $51.7m | Added +128.3k |
| Triata Capital Ltd 8.70% of their portfolio | 1.7m $51.2m | Added +617.3k |
| Clearline Capital LP 3.23% of their portfolio | 1.7m $50.0m | New |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 1.6m $48.8m | Reduced -340.5k |
| Alyeska Investment Group, L.P. 0.12% of their portfolio | 1.6m $46.7m | Added +1.2m |
| Slate Path Capital LP 0.62% of their portfolio | 1.5m $45.1m | New |
| DENDUR CAPITAL LP 2.48% of their portfolio | 1.4m $42.5m | Added +266.0k |
| WCM INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 1.1m $32.6m | Reduced -622.6k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.1m $32.4m | Reduced -51.0k |
| Cerity Partners LLC 0.04% of their portfolio | 1.1m $31.9m | Reduced -241 |
| Philosophy Capital Management LLC 2.94% of their portfolio | 1.0m $30.6m | Added +436.0k |
| MY.Alpha Management HK Advisors Ltd 9.78% of their portfolio | 845.6k $25.4m | Reduced -7.6k |
| Electron Capital Partners, LLC 1.00% of their portfolio | 831.9k $25.0m | Added +50.9k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 802.5k $24.1m | Reduced -24.5k |
| Broad Peak Investment Advisers Pte Ltd 4.21% of their portfolio | 763.0k $22.9m | Added +318.0k |
| Ghisallo Capital Management LLC 0.44% of their portfolio | 750.0k $22.5m | Unchanged |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 716.5k $21.6m | Reduced -504.2k |
| Ardmore Road Asset Management LP 1.06% of their portfolio | 600.0k $18.0m | Added +200.0k |
| Oasis Management Co Ltd. 1.88% of their portfolio | 578.7k $17.4m | Added +164.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 561.7k $16.9m | Added +523.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 542.8k $16.3m | Reduced -35 |
| CITIGROUP INC 0.01% of their portfolio | 531.5k $16.0m | Reduced -342.7k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 523.1k $15.7m | Added +114.8k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 521.8k $21.0m | Unchanged |
| Burkehill Global Management, LP 0.54% of their portfolio | 500.0k $15.0m | Reduced -200.0k |
| Rubric Capital Management LP 0.13% of their portfolio | 485.9k $14.6m | New |
| Aberdeen Group plc 0.02% of their portfolio | 481.1k $14.4m | Added +75.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 471.0k $14.1m | Reduced -1.1k |
| FRED ALGER MANAGEMENT, LLC 0.04% of their portfolio | 433.7k $13.0m | Added +112.4k |
| APG Asset Management N.V. 0.03% of their portfolio | 421.6k $11.1m | Unchanged |
| ShawSpring Partners LLC 4.92% of their portfolio | 380.1k $11.4m | Added +158.3k |
| Pinpoint Asset Management (Singapore) Pte. Ltd. 2.19% of their portfolio | 359.1k $10.8m | Added +2.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 357.4k $10.7m | Added +26.0k |
| SONA ASSET MANAGEMENT (US) LLC 0.38% of their portfolio | 343.3k $10.3m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 321.0k $9.4m | Reduced -186.6k |
| Dilation Capital Management LP 3.82% of their portfolio | 315.0k $9.5m | New |
| Brevan Howard Capital Management LP 0.12% of their portfolio | 295.6k $8.7m | New |
| Irenic Capital Management LP 0.61% of their portfolio | 283.0k $8.5m | New |
| PINNACLE ASSOCIATES LTD 0.09% of their portfolio | 272.4k $8.2m | Added +19.4k |
| Nishkama Capital, LLC 0.90% of their portfolio | 265.9k $8.0m | Reduced -232.2k |
| SIH Partners, LLLP 0.33% of their portfolio | 259.8k $7.8m | Reduced -15.7k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 257.2k $7.7m | Reduced -303.6k |
| BlueCrest Capital Management Ltd 0.32% of their portfolio | 250.0k $7.5m | New |
| Arvin Capital Management LP 1.32% of their portfolio | 234.0k $7.0m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 216.8k $6.5m | Reduced -2.0m |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 208.7k $6.3m | Added +8.0k |
| LMR Partners LLP 0.04% of their portfolio | 201.4k $6.0m | Added +83.0k |
| Pacer Advisors, Inc. 0.02% of their portfolio | 194.5k $5.8m | Added +1.8k |
| HIMENSION CAPITAL (SINGAPORE) PTE. LTD. 0.35% of their portfolio | 190.6k $5.7m | New |
| NORGES BANK 0.00% of their portfolio | 187.1k $5.6m | Not comparable |
| Hel Ved Capital Management Ltd 0.78% of their portfolio | 183.4k $5.5m | Added +150.9k |
| Maxi Investments CY Ltd 1.13% of their portfolio | 183.0k $5.5m | Added +50.0k |
| LAKEWOOD CAPITAL MANAGEMENT, LP 0.28% of their portfolio | 179.0k $5.4m | New |
| BAROMETER CAPITAL MANAGEMENT INC. 1.47% of their portfolio | 175.8k $5.3m | Added +17.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 173.7k $5.2m | Reduced -24.2k |
| Alden Global Capital LLC 1.89% of their portfolio | 171.8k $5.2m | New |
| Lansforsakringar Fondforvaltning AB (publ) 0.00% of their portfolio | 168.0k $605.0k | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 160.4k $4.8m | Added +41.1k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 135.9k $4.1m | Added +33.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio | 131.7k $3.9m | Reduced -538.7k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 122.9k $3.7m | Reduced -71.8k |
| Fiera Capital Corp 0.01% of their portfolio | 118.4k $3.6m | Added +29.1k |
| Future Fund LLC 1.01% of their portfolio | 117.4k $3.5m | Added +27.6k |
| IMC-Chicago, LLC 0.03% of their portfolio | 102.1k $3.1m | Added +62.6k |
| Context Capital Management, LLC 0.06% of their portfolio | 98.3k $3.0m | New |
| Saba Capital Management, L.P. 0.09% of their portfolio | 93.8k $2.8m | Added +23.8k |
| Defiance ETFs, LLC 0.04% of their portfolio | 88.6k $2.8m | Added +64.5k |
| Tidal Investments LLC 0.01% of their portfolio | 88.1k $2.6m | Added +63.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 81.8k $2.5m | Added +581 |
| Leonteq Securities AG 0.14% of their portfolio | 79.1k $2.4m | Added +78.5k |
| One Capital Management, LLC 0.08% of their portfolio | 74.8k $3.0m | Unchanged |
| Trexquant Investment LP 0.01% of their portfolio | 72.7k $2.2m | New |
| LIGHT STREET CAPITAL MANAGEMENT, LLC 0.25% of their portfolio | 71.8k $2.2m | Added +148 |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 69.7k $2.1m | Reduced -480.8k |
| Anson Funds Management LP 0.18% of their portfolio | 64.5k $1.9m | New |
| Creative Planning 0.00% of their portfolio | 61.1k $1.8m | Added +13.2k |
| Harbor Advisors LLC 0.23% of their portfolio | 60.0k $1.8m | Added +12.5k |
| Invesco Ltd. 0.00% of their portfolio | 59.5k $1.8m | Reduced -4.9k |
| Driehaus Capital Management LLC 0.01% of their portfolio | 59.1k $1.8m | Added +7.5k |
| PEAK6 LLC 0.04% of their portfolio | 56.2k $1.7m | Added +32.9k |
| Marex Group Ltd 0.01% of their portfolio | 54.5k $1.6m | Added +49.0k |
| Engineers Gate Manager LP 0.02% of their portfolio | 48.6k $1.5m | New |
| Walleye Capital LLC 0.01% of their portfolio | 46.9k $1.4m | New |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 44.9k $1.3m | Reduced -16.0k |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 43.2k $1.3m | Added +35.2k |