JD.COM INC JD
SPON ADS CL A · ADR · CUSIP 47215P106 · ISIN US47215P1066
Chinese e-commerce company
* 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 ($1.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $44.10. Options: 52 managers hold calls ($2.1bn notional), 38 hold puts ($1.2bn).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 547 |
| Q4 2022 | 561 |
| Q1 2023 | 514 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 217 | 300 |
| Q1 2023 | 238 | 293 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $1.8bn | $1.2bn | 0.64 |
| Q4 2022 | $2.7bn | $1.5bn | 0.56 |
| Q1 2023 | $2.1bn | $1.2bn | 0.59 |
Biggest buyers
| TIGER GLOBAL MANAGEMENT LLC | Added | +2.3m |
| Segantii Capital Management Ltd | Added | +2.2m |
| Coronation Fund Managers Ltd. | Added | +2.2m |
| CITADEL ADVISORS LLC | Added | +2.0m |
| GOLDMAN SACHS GROUP INC | Added | +1.5m |
| Man Group plc | New | +1.5m |
| MORGAN STANLEY | Added | +1.4m |
| JANE STREET GROUP, LLC | Added | +1.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ | New | +1.3m |
| Parallax Volatility Advisers, L.P. | Added | +1.1m |
Biggest sellers
| HHLR ADVISORS, LTD. | Reduced | -4.2m |
| COATUE MANAGEMENT LLC | Reduced | -3.4m |
| Greenwoods Asset Management Hong Kong Ltd. | Sold out | -3.1m |
| D. E. Shaw & Co., Inc. | Reduced | -1.7m |
| Invesco Ltd. | Reduced | -1.6m |
| Aspex Management (HK) Ltd | Reduced | -1.6m |
| Man Group plc | Sold out | -1.5m |
| STATE STREET CORP | Reduced | -1.4m |
| CI INVESTMENTS INC. | Reduced | -1.3m |
| Assenagon Asset Management S.A. | Sold out | -1.2m |
Biggest calls
| Yiheng Capital Management, L.P. | Added | $823.4m18.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $226.3m5.2m shares |
| JANE STREET GROUP, LLC | Added | $172.5m3.9m shares |
| SIMPLEX TRADING, LLC | Added | $112.4m2.6m shares |
| ALKEON CAPITAL MANAGEMENT LLC | Unchanged | $87.6m2.0m shares |
| Parallax Volatility Advisers, L.P. | Reduced | $83.5m1.9m shares |
| CITADEL ADVISORS LLC | Reduced | $61.1m1.4m shares |
| BARCLAYS PLC | Added | $55.1m1.3m shares |
| CTC LLC | Reduced | $54.6m12.3k shares |
| IMC-Chicago, LLC | Added | $52.3m1.2m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $214.8m4.9m shares |
| JANE STREET GROUP, LLC | Added | $172.5m3.9m shares |
| CITADEL ADVISORS LLC | Added | $165.5m3.8m shares |
| Parallax Volatility Advisers, L.P. | Added | $143.5m3.3m shares |
| SIMPLEX TRADING, LLC | Added | $84.4m1.9m shares |
| Walleye Trading LLC | Reduced | $80.9m1.8m shares |
| D. E. Shaw & Co., Inc. | Added | $56.7m1.3m shares |
| IMC-Chicago, LLC | Added | $48.9m1.1m shares |
| PEAK6 Investments LLC | Added | $39.6m902.3k shares |
| CTC LLC | Added | $28.9m6.5k 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 |
|---|---|
| Liu Qiangdong 13G · exempt (held before listing) filed 2025-05-13 | 12.5% |
Insider purchases and sales in Q1 2023
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 Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| TIGER GLOBAL MANAGEMENT LLC 9.61% of their portfolio | 24.1m $1.1bn | Added +2.3m |
| Invesco Ltd. 0.25% of their portfolio | 20.2m $888.4m | Reduced -1.6m |
| Dodge & Cox 0.43% of their portfolio | 14.2m $624.2m | Added +188.1k |
| FMR LLC 0.01% of their portfolio | 7.1m $312.2m | Reduced -1.0m |
| MORGAN STANLEY 0.03% of their portfolio | 6.7m $292.5m | Added +1.4m |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 5.4m $238.9m | Added +246.4k |
| WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST 3.25% of their portfolio | 5.3m $232.6m | Reduced -265.0k |
| Davis Selected Advisers 1.42% of their portfolio | 4.9m $214.7m | Added +462.5k |
| Fisher Asset Management, LLC 0.12% of their portfolio | 4.6m $202.6m | Reduced -364.1k |
| MACQUARIE GROUP LTD 0.23% of their portfolio | 4.3m $190.2m | Reduced -771.4k |
| Aspex Management (HK) Ltd 4.66% of their portfolio | 4.3m $189.8m | Reduced -1.6m |
| ALKEON CAPITAL MANAGEMENT LLC 1.08% of their portfolio | 3.9m $169.2m | Reduced -550.0k |
| Coronation Fund Managers Ltd. 4.47% of their portfolio | 3.8m $167.8m | Added +2.2m |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 3.8m $166.9m | Added +1.5m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.25% of their portfolio | 3.6m $159.7m | Added +832.2k |
| Carmignac Gestion 2.58% of their portfolio | 3.5m $155.0m | Added +106.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.38% of their portfolio | 3.5m $153.9m | Added +3.6k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 3.4m $148.9m | Reduced -148.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 2.8m $122.8m | Reduced -731.6k |
| Segantii Capital Management Ltd 4.88% of their portfolio | 2.5m $108.7m | Added +2.2m |
| HHLR ADVISORS, LTD. 1.87% of their portfolio | 2.4m $105.2m | Reduced -4.2m |
| Newlands Management Operations LLC 1.88% of their portfolio | 2.4m $105.1m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 2.3m $99.4m | Reduced -262.3k |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 2.1m $92.8m | Added +2.0m |
| Yiheng Capital Management, L.P. 6.75% of their portfolio | 2.0m $86.5m | Added +111.3k |
| STEADFAST CAPITAL MANAGEMENT LP 2.60% of their portfolio | 2.0m $86.5m | Added +330.8k |
| MARTIN CURRIE LTD 3.02% of their portfolio | 1.9m $84.5m | Added +200.9k |
| TT International Asset Management LTD 8.83% of their portfolio | 1.8m $80.7m | Reduced -138.4k |
| CITIGROUP INC 0.11% of their portfolio | 1.8m $78.4m | Added +1.1m |
| Temasek Holdings (Private) Ltd 0.44% of their portfolio | 1.7m $73.8m | Added +743.7k |
| JANE STREET GROUP, LLC 0.12% of their portfolio | 1.6m $70.0m | Added +1.3m |
| Amundi 0.03% of their portfolio | 1.6m $64.3m | Added +313.6k |
| FIL Ltd 0.08% of their portfolio | 1.6m $68.7m | Added +8.6k |
| Genesis Investment Management, LLP 7.18% of their portfolio | 1.5m $66.1m | Reduced -142.5k |
| Man Group plc 0.23% of their portfolio | 1.5m $64.9m | New |
| Parallax Volatility Advisers, L.P. 2.27% of their portfolio | 1.5m $64.7m | Added +1.1m |
| BAMCO INC /NY/ 0.19% of their portfolio | 1.4m $62.1m | Added +158.9k |
| CoreView Capital Management Ltd 7.75% of their portfolio | 1.4m $60.9m | Added +39.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.13% of their portfolio | 1.4m $60.4m | Added +883.9k |
| Cederberg Capital Ltd 20.27% of their portfolio | 1.4m $59.6m | Added +309.0k |
| Legal & General Group Plc 0.02% of their portfolio | 1.3m $58.7m | Added +49.3k |
| Broad Peak Investment Holdings Ltd. 8.35% of their portfolio | 1.3m $58.4m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.3m $56.1m | New |
| Handelsbanken Fonder AB 0.31% of their portfolio | 1.2m $53.3m | Added +80.5k |
| Robeco Institutional Asset Management B.V. 0.14% of their portfolio | 1.2m $50.6m | Reduced -107.6k |
| BlackRock Inc. 0.00% of their portfolio | 1.1m $47.7m | Reduced -286.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.0m $46.0m | Reduced -1.0k |
| STATE STREET CORP 0.00% of their portfolio | 1.0m $45.3m | Reduced -1.4m |
| Balyasny Asset Management L.P. 0.15% of their portfolio | 1.0m $44.8m | New |
| Ghisallo Capital Management LLC 10.55% of their portfolio | 1.0m $43.9m | New |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 927.2k $40.8m | Added +128.2k |
| FEDERATED HERMES, INC. 0.10% of their portfolio | 922.9k $40.5m | Reduced -729.3k |
| UBS Group AG 0.02% of their portfolio | 892.2k $39.2m | Reduced -132.3k |
| Jefferies Financial Group Inc. 0.67% of their portfolio | 723.2k $31.7m | Added +712.2k |
| 53 HOUSE LLP 7.71% of their portfolio | 699.5k $30.7m | Added +174.2k |
| ANTIPODES PARTNERS Ltd 1.06% of their portfolio | 698.2k $30.6m | Added +681.9k |
| Maple Rock Capital Partners Inc. 2.96% of their portfolio | 687.5k $30.2m | New |
| Ariose Capital Management Ltd 11.39% of their portfolio | 683.3k $30.0m | New |
| CI INVESTMENTS INC. 0.15% of their portfolio | 670.3k $29.4m | Reduced -1.3m |
| COATUE MANAGEMENT LLC 0.20% of their portfolio | 668.4k $29.3m | Reduced -3.4m |
| CAPITAL FUND MANAGEMENT S.A. 0.54% of their portfolio | 631.9k $27.7m | Added +446.7k |
| Squarepoint Ops LLC 0.20% of their portfolio | 628.9k $27.6m | Added +288.8k |
| SIMPLEX TRADING, LLC 1.18% of their portfolio | 594.6k $26.1m | New |
| TODD ASSET MANAGEMENT LLC 0.62% of their portfolio | 584.7k $25.7m | Added +240.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 579.4k $25.4m | Added +278.1k |
| Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio | 571.0k $25.1m | Reduced -599.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 570.6k $25.0m | Reduced -445.0k |
| MOORE CAPITAL MANAGEMENT, LP 0.77% of their portfolio | 566.0k $24.8m | New |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 564.7k $24.8m | Reduced -1.7m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 553.9k $24.3m | Reduced -74.5k |
| Stonehage Fleming Financial Services Holdings Ltd 1.46% of their portfolio | 518.6k $22.8m | Unchanged |
| PLATINUM INVESTMENT MANAGEMENT LTD 0.78% of their portfolio | 512.2k $22.5m | Reduced -4.1k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 498.6k $21.9m | Added +68.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 496.5k $21.8m | Added +28.8k |
| IMC-Chicago, LLC 3.62% of their portfolio | 488.0k $21.4m | New |
| ProShare Advisors LLC 0.06% of their portfolio | 466.9k $20.5m | Reduced -5.7k |
| Eisler Capital (UK) Ltd. 1.77% of their portfolio | 466.1k $20.5m | Added +459.2k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.49% of their portfolio | 464.8k $20.4m | Reduced -371.5k |
| AVIVA PLC 0.09% of their portfolio | 462.5k $20.3m | Reduced -96.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 458.2k $20.1m | Reduced -4.8k |
| AXA S.A. 0.07% of their portfolio | 432.5k $19.0m | Reduced -70.0k |
| PEAK6 Investments LLC 1.17% of their portfolio | 421.6k $18.5m | New |
| BARCLAYS PLC 0.02% of their portfolio | 413.3k $18.1m | Reduced -481.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 384.0k $16.9m | Added +1.7k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 379.0k $16.6m | Reduced -11.5k |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 369.8k $16.2m | Reduced -19.1k |
| KBC Group NV 0.07% of their portfolio | 368.2k $16.2m | Added +30.1k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 365.1k $16.1m | Added +16.1k |
| PRELUDE CAPITAL MANAGEMENT, LLC 1.09% of their portfolio | 364.3k $16.0m | Added +300.0k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 346.3k $15.2m | Reduced -56.0k |
| BlueCrest Capital Management Ltd 1.58% of their portfolio | 335.0k $14.7m | New |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 1.46% of their portfolio | 333.1k $14.6m | Added +252.9k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.14% of their portfolio | 314.0k $13.8m | Added +128.0k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 304.5k $13.4m | Added +74.6k |
| Kaizen Capital Partners Ltd 7.26% of their portfolio | 280.0k $12.3m | New |
| THORNBURG INVESTMENT MANAGEMENT INC 0.20% of their portfolio | 279.3k $12.3m | Added +61.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 274.9k $12.1m | Added +10.2k |
| TCW GROUP INC 0.15% of their portfolio | 270.3k $11.9m | Added +23.5k |
| HighTower Advisors, LLC 0.03% of their portfolio | 265.5k $11.6m | Added +87.1k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 262.1k $11.5m | Reduced -659.1k |