Vault-13

HESAI GROUP HSAI

SPONSORED ADS · ADR · CUSIP 428050108 · ISIN US4280501085

Chinese lidar company

105 institutional holders +13 vs Q1 2025
45,574,57645.6m shares reported held*
$1.0bnreported value*
36 new 26 added 35 reduced 23 sold out net bought ≈ $83.1m (+3.5m 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 ($23.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $21.97. Options: 14 managers hold calls ($40.4m notional), 11 hold puts ($17.5m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q1 23: 44Q2 23: 36Q3 23: 35Q4 23: 46Q1 24: 47Q2 24: 46Q3 24: 39Q4 24: 68Q1 25: 92Q2 25: 105105Q1 23Q3 23Q1 24Q3 24Q1 25Q2 25
Numbers
QuarterHolders
Q1 202344
Q2 202336
Q3 202335
Q4 202346
Q1 202447
Q2 202446
Q3 202439
Q4 202468
Q1 202592
Q2 2025105

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 15 bought or addedQ3 23: 21 cut or sold outQ4 23: 28 bought or addedQ4 23: 13 cut or sold outQ4 23Q1 24: 24 bought or addedQ1 24: 27 cut or sold outQ2 24: 24 bought or addedQ2 24: 21 cut or sold outQ2 24Q3 24: 14 bought or addedQ3 24: 24 cut or sold outQ4 24: 43 bought or addedQ4 24: 17 cut or sold outQ4 24Q1 25: 65 bought or addedQ1 25: 37 cut or sold outQ2 25: 62 bought or addedQ2 25: 58 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231521
Q4 20232813
Q1 20242427
Q2 20242421
Q3 20241424
Q4 20244317
Q1 20256537
Q2 20256258

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 24 calls: $2.1mQ3 24 puts: $442.2kQ3 24P/C 0.21Q4 24 calls: $7.4mQ4 24 puts: $7.5mQ4 24P/C 1.02Q1 25 calls: $24.4mQ1 25 puts: $17.3mQ1 25P/C 0.71Q2 25 calls: $40.4mQ2 25 puts: $17.5mQ2 25P/C 0.43
Numbers
QuarterCallsPutsP/C
Q3 2024$2.1m$442.2k0.21
Q4 2024$7.4m$7.5m1.02
Q1 2025$24.4m$17.3m0.71
Q2 2025$40.4m$17.5m0.43

Biggest buyers

FMR LLC New +5,442,515+5.4m
WELLINGTON MANAGEMENT GROUP LLP New +1,751,348+1.8m
VANGUARD GROUP INC Added +1,692,127+1.7m
Point72 Hong Kong Ltd New +1,280,293+1.3m
Allianz Asset Management GmbH Added +882,180+882.2k
Trivest Advisors Ltd New +809,500+809.5k
Point72 Asset Management, L.P. Added +782,909+782.9k
DEUTSCHE BANK AG\ New +628,500+628.5k
CI INVESTMENTS INC. New +627,333+627.3k
MARSHALL WACE, LLP New +574,739+574.7k

Biggest sellers

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -3,543,400-3.5m
D. E. Shaw & Co., Inc. Reduced -2,306,911-2.3m
VOLORIDGE INVESTMENT MANAGEMENT, LLC Sold out -1,841,577-1.8m
TWO SIGMA INVESTMENTS, LP Sold out -1,720,562-1.7m
FIL Ltd Reduced -999,336-999.3k
MILLENNIUM MANAGEMENT LLC Reduced -766,744-766.7k
Greenwoods Asset Management Hong Kong Ltd. Reduced -708,262-708.3k
CITIGROUP INC Reduced -705,641-705.6k
TWO SIGMA ADVISERS, LP Reduced -635,400-635.4k
MORGAN STANLEY Reduced -601,004-601.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $15.7m715.9k shares
GROUP ONE TRADING LLC Added $6.6m301.8k shares
SIMPLEX TRADING, LLC Added $4.5m205.9k shares
JANE STREET GROUP, LLC Reduced $3.3m149.2k shares
PEAK6 LLC Added $2.7m124.6k shares
CITADEL ADVISORS LLC Reduced $2.4m110.0k shares
Cubist Systematic Strategies, LLC Reduced $1.5m69.5k shares
D. E. Shaw & Co., Inc. New $1.3m60.7k shares
WOLVERINE TRADING, LLC Reduced $1.3m57.5k shares
Belvedere Trading LLC Reduced $469.7k21.4k shares

Biggest puts

CITADEL ADVISORS LLC Added $10.1m459.2k shares
GROUP ONE TRADING LLC Reduced $1.6m71.5k shares
SIMPLEX TRADING, LLC Reduced $1.5m66.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.4m61.9k shares
JANE STREET GROUP, LLC Reduced $1.0m46.0k shares
Cubist Systematic Strategies, LLC Reduced $647.5k29.5k shares
IMC-Chicago, LLC New $546.6k24.9k shares
WOLVERINE TRADING, LLC Reduced $470.8k21.4k shares
Walleye Trading LLC Added $259.0k11.8k shares
Walleye Capital LLC Reduced $50.5k2.3k 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
FMR LLC 13G · institution new · filed 2025-08-06 5.2% new 5.4m 2025-08-06

Fell to 5% or below in the last year: Ayrton Capital LLC (0.0%, 2026-08-13)

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 FMR LLC 0.01% of their portfolio BOSTON, MA 5,442,5155.4m $119.5m $119.5m 0.01% New
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 3,448,6503.4m $75.7m $75.7m 0.00% Added +1.7m +1,692,127
3 FIL Ltd 0.05% of their portfolio HAMILTON, D0 2,918,4392.9m $64.1m $64.1m 0.05% Reduced -999.3k -999,336
4 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 2,068,8952.1m $45.4m $45.4m 0.03% Reduced -705.6k -705,641
5 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 2,038,4122.0m $44.7m $44.7m 0.04% Reduced -2.3m -2,306,911
6 Allianz Asset Management GmbH 0.06% of their portfolio MUNICH, 2M 2,010,2762.0m $44.1m $44.1m 0.06% Added +882.2k +882,180
7 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,887,0571.9m $41.4m $41.4m 0.00% Reduced -62.7k -62,709
8 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 1,751,3481.8m $38.4m $38.4m 0.01% New
9 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,738,1551.7m $38.2m $38.2m 0.01% Added +498.5k +498,530
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,579,0201.6m $34.7m $34.7m 0.00% Reduced -601.0k -601,004
11 Oxbow Capital Management (HK) Ltd 8.73% of their portfolio HONG KONG, K3 1,570,6621.6m $34.5m $34.5m 8.73% Reduced -29.3k -29,338
12 Point72 Hong Kong Ltd 1.95% of their portfolio HONG KONG, K3 1,280,2931.3m $28.1m $28.1m 1.95% New
13 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,208,3321.2m $26.5m $26.5m 0.00% Added +150.0k +150,022
14 Polunin Capital Partners Ltd 4.40% of their portfolio LONDON, X0 1,180,2421.2m $26.9m $26.9m 4.40% Unchanged
15 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 1,151,5861.2m $25.3m $25.3m 0.02% Added +224.4k +224,381
16 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.05% of their portfolio CAUSEWAY BAY, K3 1,129,7191.1m $24.8m $24.8m 0.05% Added +1.9k +1,936
17 Point72 Asset Management, L.P. 0.05% of their portfolio STAMFORD, CT 948,458948.5k $20.8m $20.8m 0.05% Added +782.9k +782,909
18 NORGES BANK 0.00% of their portfolio OSLO, Q8 939,350939.4k $20.6m $20.6m 0.00% Added +476.9k +476,939
19 Trivest Advisors Ltd 0.69% of their portfolio Hong Kong, K3 809,500809.5k $17.8m $17.8m 0.69% New
20 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 711,300711.3k $15.6m $15.6m 0.02% Added +405.8k +405,753
21 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 628,500628.5k $13.8m $13.8m 0.01% New
22 CI INVESTMENTS INC. 0.05% of their portfolio TORONTO, Z4 627,333627.3k $13.8m $13.8m 0.05% New
23 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 580,820580.8k $12.7m $12.7m 0.01% Added +518.6k +518,622
24 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 574,739574.7k $12.6m $12.6m 0.02% New
25 Veritas Asset Management LLP 0.11% of their portfolio London, X0 500,635500.6k $11.0m $11.0m 0.11% New
26 Ghisallo Capital Management LLC 0.29% of their portfolio BOSTON, MA 500,000500.0k $11.0m $11.0m 0.29% New
27 Schonfeld Strategic Advisors LLC 0.08% of their portfolio NEW YORK, NY 497,644497.6k $10.9m $10.9m 0.08% Added +141.0k +140,979
28 GF FUND MANAGEMENT CO. LTD. 0.21% of their portfolio GUANGZHOU, F4 467,317467.3k $10.3m $10.3m 0.21% Added +172.6k +172,567
29 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 432,216432.2k $9.5m $9.5m 0.00% Added +40.7k +40,677
30 MY.Alpha Management HK Advisors Ltd 6.96% of their portfolio HONG KONG, K3 427,495427.5k $9.4m $9.4m 6.96% Added +194.2k +194,248
31 CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio TORONTO ONTARIO, A6 421,100421.1k $9.2m $9.2m 0.01% Unchanged
32 O'Neil Global Advisors, Inc. 1.95% of their portfolio LOS ANGELES, CA 386,445386.4k $8.5m $8.5m 1.95% New
33 Robeco Schweiz AG 0.19% of their portfolio ZURICH, V8 380,000380.0k $8.3m $8.3m 0.19% New
34 WT Asset Management Ltd 0.53% of their portfolio HONG KONG, K3 346,389346.4k $7.6m $7.6m 0.53% New
35 UBS Group AG 0.00% of their portfolio ZURICH, V8 276,774276.8k $6.1m $6.1m 0.00% Reduced -393.0k -393,048
36 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 247,900247.9k $5.4m $5.4m 0.01% Reduced -635.4k -635,400
37 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 238,311238.3k $5.2m $5.2m 0.01% New
38 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 213,400213.4k $4.7m $4.7m 0.01% Reduced -3.5m -3,543,400
39 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 205,973206.0k $4.5m $4.5m 0.00% New
40 Eschler Asset Management LLP 3.34% of their portfolio London, X0 205,600205.6k $4.4m $4.4m 3.34% New
41 Knollwood Investment Advisory, LLC 0.43% of their portfolio HUNT VALLEY, MD 202,192202.2k $4.4m $4.4m 0.43% Unchanged
42 Independent Advisor Alliance 0.12% of their portfolio CHARLOTTE, NC 195,516195.5k $4.3m $4.3m 0.12% Added +226 +226
43 Robeco Institutional Asset Management B.V. 0.01% of their portfolio ROTTERDAM, P7 157,780157.8k $3.5m $3.5m 0.01% Reduced -30.2k -30,171
44 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 135,702135.7k $3.0m $3.0m 0.00% Reduced -181.9k -181,945
45 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 121,988122.0k $2.7m $2.7m 0.00% Reduced -766.7k -766,744
46 Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio TOKYO, M0 118,008118.0k $2.6m $2.6m 0.00% Reduced -203.2k -203,178
47 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 103,718103.7k $2.3m $2.3m 0.00% New
48 NOMURA HOLDINGS INC 0.02% of their portfolio TOKYO, M0 98,65898.7k $2.2m $2.2m 0.02% Reduced -102.1k -102,135
49 Pinpoint Asset Management (Singapore) Pte. Ltd. 0.37% of their portfolio SINGAPORE, U0 95,27495.3k $2.1m $2.1m 0.37% First filing
50 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 90,69890.7k $2.0m $2.0m 0.01% Reduced -322.3k -322,343
51 J. Safra Sarasin Holding AG 0.03% of their portfolio BASEL, V8 90,05690.1k $2.0m $2.0m 0.03% Reduced -40.0k -40,000
52 Avenir Tech Ltd 0.14% of their portfolio CENTRAL, HONG KONG, K3 75,00075.0k $1.6m $1.6m 0.14% New
53 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 69,50069.5k $1.5m $1.5m 0.01% Reduced -87.5k -87,500
54 Y-Intercept (Hong Kong) Ltd 0.04% of their portfolio HONG KONG, K3 68,35068.3k $1.5m $1.5m 0.04% New
55 NAVELLIER & ASSOCIATES INC 0.18% of their portfolio Reno, NV 64,41064.4k $1.4m $1.4m 0.18% Added +892 +892
56 Electron Capital Partners, LLC 0.07% of their portfolio NEW YORK, NY 63,76763.8k $1.4m $1.4m 0.07% Reduced -144 -144
57 Main Management ETF Advisors, LLC 0.06% of their portfolio SAN FRANCISCO, CA 62,28462.3k $1.4m $1.4m 0.06% Added +1.0k +1,008
58 BlackRock, Inc. 0.00% of their portfolio New York, NY 59,96160.0k $1.3m $1.3m 0.00% Reduced -36.2k -36,238
59 HITE Hedge Asset Management LLC 0.07% of their portfolio BRAINTREE, MA 57,82657.8k $1.3m $1.3m 0.07% Added +1.1k +1,086
60 Quadrature Capital Ltd 0.02% of their portfolio LONDON, X0 56,71356.7k $1.2m $1.2m 0.02% Reduced -54.5k -54,534
61 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 49,20049.2k $1.1m $1.1m 0.00% Reduced -202.5k -202,500
62 IMC-Chicago, LLC 0.02% of their portfolio CHICAGO, IL 44,64644.6k $980.0k $980.0k 0.02% New
63 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 42,48042.5k $932.4k $932.4k 0.00% Reduced -9.0k -8,992
64 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 40,66240.7k $892.5k $892.5k 0.00% New
65 Greenwoods Asset Management Hong Kong Ltd. 0.03% of their portfolio HONG KONG, K3 40,29140.3k $884.4k $884.4k 0.03% Reduced -708.3k -708,262
66 Aristides Capital LLC 0.28% of their portfolio LOUISVILLE, KY 39,91439.9k $876.1k $876.1k 0.28% New
67 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 35,28735.3k $774.5k $774.5k 0.00% New
68 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 31,82531.8k $698.6k $698.6k 0.00% New
69 OBERWEIS ASSET MANAGEMENT INC/ 0.03% of their portfolio LISLE, IL 28,00028.0k $614.6k $614.6k 0.03% Unchanged
70 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 26,53426.5k $582.4k $582.4k 0.00% Reduced -9.2k -9,234
71 GSA CAPITAL PARTNERS LLP 0.04% of their portfolio LONDON, X0 24,61724.6k $540.0k $540.0k 0.04% New
72 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 23,44523.4k $515.0k $515.0k 0.00% Added +631 +631
73 WEXFORD CAPITAL LP 0.14% of their portfolio WEST PALM BEACH, FL 22,72722.7k $498.9k $498.9k 0.14% New
74 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 22,42522.4k $492.2k $492.2k 0.00% Reduced -56.2k -56,181
75 China Universal Asset Management Co., Ltd. 0.04% of their portfolio SHANGHAI, F4 20,00020.0k $439.0k $439.0k 0.04% Reduced -43.0k -43,000
76 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 19,54819.5k $429.1k $429.1k 0.00% Added +782 +782
77 Sovereign Financial Group, Inc. 0.09% of their portfolio STAMFORD, CT 19,42519.4k $426.4k $426.4k 0.09% Added +9.4k +9,424
78 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 16,74516.7k $367.6k $367.6k 0.00% New
79 Advisors Asset Management, Inc. 0.01% of their portfolio Monument, CO 15,31115.3k $336.1k $336.1k 0.01% Added +64 +64
80 Vident Advisory, LLC 0.00% of their portfolio Alpharetta, GA 12,69012.7k $278.5k $278.5k 0.00% New
81 CANTOR FITZGERALD, L. P. 0.01% of their portfolio NEW YORK, NY 11,66211.7k $256.0k $256.0k 0.01% New
82 PRELUDE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio NEW YORK, NY 10,78010.8k $236.6k $236.6k 0.02% Reduced -2.1k -2,067
83 WOLVERINE TRADING, LLC 0.01% of their portfolio CHICAGO, IL 10,69110.7k $235.2k $235.2k 0.01% Reduced -5.2k -5,220
84 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 9,7649.8k $214.3k $214.3k 0.00% Reduced -2.4k -2,433
85 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 9,2139.2k $202.2k $202.2k 0.00% Reduced -11.8k -11,841
86 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 7,3367.3k $161.0k $161.0k 0.00% Reduced -76.8k -76,794
87 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 7,0897.1k $155.6k $155.6k 0.00% New
88 JTC Employer Solutions Trustee Ltd 0.01% of their portfolio ST HELIER, Y9 6,2316.2k $137.0k $137.0k 0.01% Added +3.4k +3,368
89 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 4,9234.9k $108.0k $108.0k 0.00% New
90 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,6244.6k $102.0k $102.0k 0.00% Added +4.6k +4,581
91 Point72 Asia (Singapore) Pte. Ltd. 0.02% of their portfolio SINGAPORE, U0 4,5614.6k $100.1k $100.1k 0.02% Reduced -39.5k -39,512
92 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 2,2972.3k $50.4k $50.4k 0.00% Added +147 +147
93 Walleye Trading LLC 0.00% of their portfolio NEW YORK, NY 2,0132.0k $44.2k $44.2k 0.00% New
94 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,5061.5k $33.1k $33.1k 0.00% Reduced -2.4k -2,381
95 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 1,5001.5k $33.0k $33.0k 0.00% New
96 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,1441.1k $25.1k $25.1k 0.00% Added +55 +55
97 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 654654 $14.4k $14.4k 0.00% New
98 Darwin Wealth Management, LLC 0.00% of their portfolio TAMPA, FL 500500 $11.0k $11.0k 0.00% New
99 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 231231 $5.1k $5.1k 0.00% Reduced -150 -150
100 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 125125 $2.8k $2.8k 0.00% New