HESAI GROUP HSAI
SPONSORED ADS · ADR · CUSIP 428050108 · ISIN US4280501085
Chinese lidar company
- SectorIndustrials
- IndustryGeneral Industrial Machinery & Equipment, NEC
- HeadquartersShanghai, People's Republic of China
- Websitehesaitech.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 ($23.2m 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
Numbers
| Quarter | Holders |
|---|---|
| Q1 2023 | 44 |
| Q2 2023 | 36 |
| Q3 2023 | 35 |
| Q4 2023 | 46 |
| Q1 2024 | 47 |
| Q2 2024 | 46 |
| Q3 2024 | 39 |
| Q4 2024 | 68 |
| Q1 2025 | 92 |
| Q2 2025 | 105 |
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 | 15 | 21 |
| Q4 2023 | 28 | 13 |
| Q1 2024 | 24 | 27 |
| Q2 2024 | 24 | 21 |
| Q3 2024 | 14 | 24 |
| Q4 2024 | 43 | 17 |
| Q1 2025 | 65 | 37 |
| Q2 2025 | 62 | 58 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $2.1m | $442.2k | 0.21 |
| Q4 2024 | $7.4m | $7.5m | 1.02 |
| Q1 2025 | $24.4m | $17.3m | 0.71 |
| Q2 2025 | $40.4m | $17.5m | 0.43 |
Biggest buyers
| FMR LLC | New | +5.4m |
| WELLINGTON MANAGEMENT GROUP LLP | New | +1.8m |
| VANGUARD GROUP INC | Added | +1.7m |
| Point72 Hong Kong Ltd | New | +1.3m |
| Allianz Asset Management GmbH | Added | +882.2k |
| Trivest Advisors Ltd | New | +809.5k |
| Point72 Asset Management, L.P. | Added | +782.9k |
| DEUTSCHE BANK AG\ | New | +628.5k |
| CI INVESTMENTS INC. | New | +627.3k |
| MARSHALL WACE, LLP | New | +574.7k |
Biggest sellers
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Reduced | -3.5m |
| D. E. Shaw & Co., Inc. | Reduced | -2.3m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -1.8m |
| TWO SIGMA INVESTMENTS, LP | Sold out | -1.7m |
| FIL Ltd | Reduced | -999.3k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -766.7k |
| Greenwoods Asset Management Hong Kong Ltd. | Reduced | -708.3k |
| CITIGROUP INC | Reduced | -705.6k |
| TWO SIGMA ADVISERS, LP | Reduced | -635.4k |
| MORGAN STANLEY | Reduced | -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.
| Holder | Stake |
|---|---|
| FMR LLC 13G · institution new · filed 2025-08-06 | 5.2% |
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
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.01% of their portfolio | 5.4m $119.5m | New |
| VANGUARD GROUP INC 0.00% of their portfolio | 3.4m $75.7m | Added +1.7m |
| FIL Ltd 0.05% of their portfolio | 2.9m $64.1m | Reduced -999.3k |
| CITIGROUP INC 0.03% of their portfolio | 2.1m $45.4m | Reduced -705.6k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 2.0m $44.7m | Reduced -2.3m |
| Allianz Asset Management GmbH 0.06% of their portfolio | 2.0m $44.1m | Added +882.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.9m $41.4m | Reduced -62.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 1.8m $38.4m | New |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.7m $38.2m | Added +498.5k |
| MORGAN STANLEY 0.00% of their portfolio | 1.6m $34.7m | Reduced -601.0k |
| Oxbow Capital Management (HK) Ltd 8.73% of their portfolio | 1.6m $34.5m | Reduced -29.3k |
| Point72 Hong Kong Ltd 1.95% of their portfolio | 1.3m $28.1m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.2m $26.5m | Added +150.0k |
| Polunin Capital Partners Ltd 4.40% of their portfolio | 1.2m $26.9m | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 1.2m $25.3m | Added +224.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.05% of their portfolio | 1.1m $24.8m | Added +1.9k |
| Point72 Asset Management, L.P. 0.05% of their portfolio | 948.5k $20.8m | Added +782.9k |
| NORGES BANK 0.00% of their portfolio | 939.4k $20.6m | Added +476.9k |
| Trivest Advisors Ltd 0.69% of their portfolio | 809.5k $17.8m | New |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 711.3k $15.6m | Added +405.8k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 628.5k $13.8m | New |
| CI INVESTMENTS INC. 0.05% of their portfolio | 627.3k $13.8m | New |
| BARCLAYS PLC 0.01% of their portfolio | 580.8k $12.7m | Added +518.6k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 574.7k $12.6m | New |
| Veritas Asset Management LLP 0.11% of their portfolio | 500.6k $11.0m | New |
| Ghisallo Capital Management LLC 0.29% of their portfolio | 500.0k $11.0m | New |
| Schonfeld Strategic Advisors LLC 0.08% of their portfolio | 497.6k $10.9m | Added +141.0k |
| GF FUND MANAGEMENT CO. LTD. 0.21% of their portfolio | 467.3k $10.3m | Added +172.6k |
| STATE STREET CORP 0.00% of their portfolio | 432.2k $9.5m | Added +40.7k |
| MY.Alpha Management HK Advisors Ltd 6.96% of their portfolio | 427.5k $9.4m | Added +194.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 421.1k $9.2m | Unchanged |
| O'Neil Global Advisors, Inc. 1.95% of their portfolio | 386.4k $8.5m | New |
| Robeco Schweiz AG 0.19% of their portfolio | 380.0k $8.3m | New |
| WT Asset Management Ltd 0.53% of their portfolio | 346.4k $7.6m | New |
| UBS Group AG 0.00% of their portfolio | 276.8k $6.1m | Reduced -393.0k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 247.9k $5.4m | Reduced -635.4k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 238.3k $5.2m | New |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 213.4k $4.7m | Reduced -3.5m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 206.0k $4.5m | New |
| Eschler Asset Management LLP 3.34% of their portfolio | 205.6k $4.4m | New |
| Knollwood Investment Advisory, LLC 0.43% of their portfolio | 202.2k $4.4m | Unchanged |
| Independent Advisor Alliance 0.12% of their portfolio | 195.5k $4.3m | Added +226 |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 157.8k $3.5m | Reduced -30.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 135.7k $3.0m | Reduced -181.9k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 122.0k $2.7m | Reduced -766.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 118.0k $2.6m | Reduced -203.2k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 103.7k $2.3m | New |
| NOMURA HOLDINGS INC 0.02% of their portfolio | 98.7k $2.2m | Reduced -102.1k |
| Pinpoint Asset Management (Singapore) Pte. Ltd. 0.37% of their portfolio | 95.3k $2.1m | First filing |
| Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio | 90.7k $2.0m | Reduced -322.3k |
| J. Safra Sarasin Holding AG 0.03% of their portfolio | 90.1k $2.0m | Reduced -40.0k |
| Avenir Tech Ltd 0.14% of their portfolio | 75.0k $1.6m | New |
| Candriam S.C.A. 0.01% of their portfolio | 69.5k $1.5m | Reduced -87.5k |
| Y-Intercept (Hong Kong) Ltd 0.04% of their portfolio | 68.3k $1.5m | New |
| NAVELLIER & ASSOCIATES INC 0.18% of their portfolio | 64.4k $1.4m | Added +892 |
| Electron Capital Partners, LLC 0.07% of their portfolio | 63.8k $1.4m | Reduced -144 |
| Main Management ETF Advisors, LLC 0.06% of their portfolio | 62.3k $1.4m | Added +1.0k |
| BlackRock, Inc. 0.00% of their portfolio | 60.0k $1.3m | Reduced -36.2k |
| HITE Hedge Asset Management LLC 0.07% of their portfolio | 57.8k $1.3m | Added +1.1k |
| Quadrature Capital Ltd 0.02% of their portfolio | 56.7k $1.2m | Reduced -54.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 49.2k $1.1m | Reduced -202.5k |
| IMC-Chicago, LLC 0.02% of their portfolio | 44.6k $980.0k | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 42.5k $932.4k | Reduced -9.0k |
| LPL Financial LLC 0.00% of their portfolio | 40.7k $892.5k | New |
| Greenwoods Asset Management Hong Kong Ltd. 0.03% of their portfolio | 40.3k $884.4k | Reduced -708.3k |
| Aristides Capital LLC 0.28% of their portfolio | 39.9k $876.1k | New |
| M&T Bank Corp 0.00% of their portfolio | 35.3k $774.5k | New |
| Vontobel Holding Ltd. 0.00% of their portfolio | 31.8k $698.6k | New |
| OBERWEIS ASSET MANAGEMENT INC/ 0.03% of their portfolio | 28.0k $614.6k | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 26.5k $582.4k | Reduced -9.2k |
| GSA CAPITAL PARTNERS LLP 0.04% of their portfolio | 24.6k $540.0k | New |
| SG Americas Securities, LLC 0.00% of their portfolio | 23.4k $515.0k | Added +631 |
| WEXFORD CAPITAL LP 0.14% of their portfolio | 22.7k $498.9k | New |
| Verition Fund Management LLC 0.00% of their portfolio | 22.4k $492.2k | Reduced -56.2k |
| China Universal Asset Management Co., Ltd. 0.04% of their portfolio | 20.0k $439.0k | Reduced -43.0k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 19.5k $429.1k | Added +782 |
| Sovereign Financial Group, Inc. 0.09% of their portfolio | 19.4k $426.4k | Added +9.4k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 16.7k $367.6k | New |
| Advisors Asset Management, Inc. 0.01% of their portfolio | 15.3k $336.1k | Added +64 |
| Vident Advisory, LLC 0.00% of their portfolio | 12.7k $278.5k | New |
| CANTOR FITZGERALD, L. P. 0.01% of their portfolio | 11.7k $256.0k | New |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 10.8k $236.6k | Reduced -2.1k |
| WOLVERINE TRADING, LLC 0.01% of their portfolio | 10.7k $235.2k | Reduced -5.2k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 9.8k $214.3k | Reduced -2.4k |
| Engineers Gate Manager LP 0.00% of their portfolio | 9.2k $202.2k | Reduced -11.8k |
| Walleye Capital LLC 0.00% of their portfolio | 7.3k $161.0k | Reduced -76.8k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 7.1k $155.6k | New |
| JTC Employer Solutions Trustee Ltd 0.01% of their portfolio | 6.2k $137.0k | Added +3.4k |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 4.9k $108.0k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 4.6k $102.0k | Added +4.6k |
| Point72 Asia (Singapore) Pte. Ltd. 0.02% of their portfolio | 4.6k $100.1k | Reduced -39.5k |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 2.3k $50.4k | Added +147 |
| Walleye Trading LLC 0.00% of their portfolio | 2.0k $44.2k | New |
| US BANCORP \DE\ 0.00% of their portfolio | 1.5k $33.1k | Reduced -2.4k |
| BESSEMER GROUP INC 0.00% of their portfolio | 1.5k $33.0k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 1.1k $25.1k | Added +55 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 654 $14.4k | New |
| Darwin Wealth Management, LLC 0.00% of their portfolio | 500 $11.0k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 231 $5.1k | Reduced -150 |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 125 $2.8k | New |