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 ($25.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.44. Options: 49 managers hold calls ($1.3bn notional), 42 hold puts ($1.0bn).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 547 |
| Q4 2022 | 561 |
| Q1 2023 | 514 |
| Q2 2023 | 483 |
| Q3 2023 | 437 |
| Q4 2023 | 455 |
| Q1 2024 | 435 |
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 |
| Q2 2023 | 229 | 242 |
| Q3 2023 | 208 | 213 |
| Q4 2023 | 218 | 226 |
| Q1 2024 | 211 | 234 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $1.5bn | $1.0bn | 0.71 |
| Q3 2023 | $1.3bn | $1.1bn | 0.85 |
| Q4 2023 | $1.7bn | $1.1bn | 0.63 |
| Q1 2024 | $1.3bn | $1.0bn | 0.80 |
Biggest buyers
| FIL Ltd | Added | +6.3m |
| BANK OF AMERICA CORP /DE/ | Added | +5.2m |
| MORGAN STANLEY | Added | +4.5m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +3.9m |
| APPALOOSA LP | New | +3.6m |
| ALKEON CAPITAL MANAGEMENT LLC | Added | +3.1m |
| Contrarius Investment Management Ltd | Added | +2.8m |
| Discerene Group LP | Added | +2.2m |
| Dodge & Cox | Added | +2.0m |
| Nuveen Asset Management, LLC | Added | +1.9m |
Biggest sellers
| TIGER GLOBAL MANAGEMENT LLC | Reduced | -5.7m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -4.4m |
| Aspex Management (HK) Ltd | Sold out | -3.9m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -2.4m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -1.9m |
| HHLR ADVISORS, LTD. | Reduced | -1.4m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.3m |
| Assenagon Asset Management S.A. | Sold out | -1.2m |
| Qube Research & Technologies Ltd | Reduced | -1.2m |
| Broad Peak Investment Holdings Ltd. | Sold out | -1.1m |
Biggest calls
| Yiheng Capital Management, L.P. | Reduced | $398.8m14.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $172.9m6.3m shares |
| SIMPLEX TRADING, LLC | Added | $99.8m3.6m shares |
| CITADEL ADVISORS LLC | Reduced | $72.4m2.6m shares |
| GOLDMAN SACHS GROUP INC | Added | $61.6m2.2m shares |
| D. E. Shaw & Co., Inc. | Added | $50.7m1.8m shares |
| IMC-Chicago, LLC | Added | $49.7m1.8m shares |
| Point72 Asset Management, L.P. | New | $34.2m1.2m shares |
| Hidden Lake Asset Management LP | New | $32.9m1.2m shares |
| Squarepoint Ops LLC | Reduced | $28.7m1.0m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $273.3m10.0m shares |
| D. E. Shaw & Co., Inc. | Added | $122.9m4.5m shares |
| CITADEL ADVISORS LLC | Added | $98.9m3.6m shares |
| JANE STREET GROUP, LLC | Added | $82.4m3.0m shares |
| SIMPLEX TRADING, LLC | Added | $81.0m3.0m shares |
| Walleye Trading LLC | Reduced | $56.2m2.1m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $27.0m985.0k shares |
| IMC-Chicago, LLC | Added | $25.4m926.2k shares |
| GTS SECURITIES LLC | Reduced | $24.6m899.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $24.1m878.2k 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 2024
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 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.02% of their portfolio | 27.7m $760.0m | Added +4.5m |
| Dodge & Cox 0.38% of their portfolio | 23.9m $655.5m | Added +2.0m |
| Invesco Ltd. 0.09% of their portfolio | 15.8m $432.6m | Reduced -338.5k |
| FIL Ltd 0.34% of their portfolio | 12.5m $341.6m | Added +6.3m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 1.03% of their portfolio | 10.3m $282.4m | Added +3.9m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 9.4m $257.5m | Added +1.5m |
| Newlands Management Operations LLC 2.00% of their portfolio | 9.0m $247.5m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 6.6m $180.6m | Added +5.2m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.26% of their portfolio | 6.5m $177.1m | Added +1.2m |
| ALKEON CAPITAL MANAGEMENT LLC 0.96% of their portfolio | 6.4m $174.9m | Added +3.1m |
| TWO SIGMA ADVISERS, LP 0.38% of their portfolio | 5.9m $162.5m | Reduced -492.3k |
| LAZARD ASSET MANAGEMENT LLC 0.19% of their portfolio | 5.8m $159.5m | Added +1.4m |
| Discerene Group LP 22.07% of their portfolio | 5.6m $152.1m | Added +2.2m |
| WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST 1.74% of their portfolio | 5.3m $145.2m | Unchanged |
| JANE STREET GROUP, LLC 0.16% of their portfolio | 4.6m $125.5m | Added +752.7k |
| TWO SIGMA INVESTMENTS, LP 0.30% of their portfolio | 4.5m $123.9m | Added +273.8k |
| Davis Selected Advisers 0.67% of their portfolio | 4.4m $120.1m | Reduced -105.3k |
| Nuveen Asset Management, LLC 0.03% of their portfolio | 4.3m $117.7m | Added +1.9m |
| Temasek Holdings (Private) Ltd 0.59% of their portfolio | 3.9m $107.0m | Unchanged |
| FEDERATED HERMES, INC. 0.23% of their portfolio | 3.7m $100.7m | Added +764.9k |
| APPALOOSA LP 1.49% of their portfolio | 3.6m $100.0m | New |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.33% of their portfolio | 3.5m $97.2m | Reduced -6.5k |
| Fisher Asset Management, LLC 0.05% of their portfolio | 3.5m $97.1m | Reduced -733.5k |
| Maple Rock Capital Partners Inc. 5.77% of their portfolio | 3.3m $91.1m | Added +586.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.08% of their portfolio | 3.2m $88.9m | Reduced -510.8k |
| Yiheng Capital Management, L.P. 12.61% of their portfolio | 3.2m $87.8m | Added +114.5k |
| TIGER GLOBAL MANAGEMENT LLC 0.47% of their portfolio | 3.1m $86.0m | Reduced -5.7m |
| Contrarius Investment Management Ltd 4.90% of their portfolio | 3.1m $84.8m | Added +2.8m |
| MACQUARIE GROUP LTD 0.09% of their portfolio | 3.0m $81.1m | Reduced -935.9k |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 2.9m $78.7m | Added +1.2m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 2.8m $77.3m | Reduced -1.3m |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 2.6m $72.3m | Reduced -2.4m |
| Mitsubishi UFJ Trust & Banking Corp 0.15% of their portfolio | 2.3m $64.1m | Reduced -979.7k |
| OAKTREE CAPITAL MANAGEMENT LP 0.97% of their portfolio | 2.2m $60.8m | Added +45.3k |
| FMR LLC 0.00% of their portfolio | 2.1m $58.4m | Added +38.7k |
| BlackRock Inc. 0.00% of their portfolio | 2.1m $56.3m | Reduced -291.3k |
| Russell Investments Group, Ltd. 0.09% of their portfolio | 2.0m $55.6m | Added +24.4k |
| MARTIN CURRIE LTD 1.67% of their portfolio | 2.0m $54.3m | Added +70.8k |
| MARSHALL WACE, LLP 0.08% of their portfolio | 1.9m $51.1m | Added +1.5m |
| SIMPLEX TRADING, LLC 1.32% of their portfolio | 1.7m $45.4m | Reduced -418.2k |
| 53 HOUSE LLP 10.84% of their portfolio | 1.5m $42.2m | Added +349.0k |
| Point72 Asset Management, L.P. 0.12% of their portfolio | 1.5m $41.6m | Reduced -874.0k |
| Polunin Capital Partners Ltd 6.31% of their portfolio | 1.5m $41.5m | New |
| CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio | 1.5m $39.9m | Added +129.8k |
| Driehaus Capital Management LLC 0.37% of their portfolio | 1.4m $37.3m | New |
| Carmignac Gestion 0.59% of their portfolio | 1.4m $37.2m | Added +392.3k |
| Legal & General Group Plc 0.01% of their portfolio | 1.2m $31.8m | Added +195.6k |
| CoreView Capital Management Ltd 4.28% of their portfolio | 1.1m $30.6m | Reduced -340.7k |
| UBS Group AG 0.01% of their portfolio | 995.0k $27.3m | Reduced -127.9k |
| HighTower Advisors, LLC 0.04% of their portfolio | 910.1k $24.9m | Added +538.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 895.7k $24.5m | Reduced -1.9m |
| Robeco Institutional Asset Management B.V. 0.05% of their portfolio | 858.3k $23.5m | Reduced -18.3k |
| M&G PLC 0.14% of their portfolio | 848.9k $22.9m | First filing |
| Squarepoint Ops LLC 0.09% of their portfolio | 831.2k $22.8m | Added +175.7k |
| Handelsbanken Fonder AB 0.08% of their portfolio | 712.7k $19.5m | Reduced -9.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 680.4k $18.6m | Reduced -28.3k |
| Genesis Investment Management, LLP 3.72% of their portfolio | 651.2k $17.8m | Reduced -10.4k |
| TODD ASSET MANAGEMENT LLC 0.35% of their portfolio | 633.3k $17.3m | Added +58.3k |
| Long Focus Capital Management, LLC 1.98% of their portfolio | 627.0k $17.2m | Added +409.0k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 603.5k $16.5m | Reduced -957.2k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 582.2k $15.9m | Reduced -413.1k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.11% of their portfolio | 580.0k $15.9m | New |
| Schonfeld Strategic Advisors LLC 0.12% of their portfolio | 568.3k $15.6m | Reduced -289.1k |
| Perpetual Ltd 0.15% of their portfolio | 563.1k $15.4m | Added +15.7k |
| NFJ INVESTMENT GROUP, LLC 0.42% of their portfolio | 562.6k $15.4m | Reduced -8.8k |
| PLATINUM INVESTMENT MANAGEMENT LTD 0.60% of their portfolio | 542.5k $14.9m | Reduced -3.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 524.6k $14.4m | Added +186.6k |
| Stonehage Fleming Financial Services Holdings Ltd 1.46% of their portfolio | 518.6k $22.8m | New |
| Slate Path Capital LP 0.27% of their portfolio | 506.0k $13.9m | New |
| CITIGROUP INC 0.01% of their portfolio | 479.0k $13.1m | Reduced -1.1m |
| Maxi Investments CY Ltd 3.53% of their portfolio | 479.0k $13.1m | Unchanged |
| GROUP ONE TRADING LLC 0.46% of their portfolio | 477.4k $13.1m | Reduced -107.2k |
| COATUE MANAGEMENT LLC 0.05% of their portfolio | 460.4k $12.6m | Added +443.9k |
| Man Group plc 0.03% of their portfolio | 453.0k $12.4m | Reduced -699.8k |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 2.41% of their portfolio | 447.1k $12.2m | New |
| Quadrature Capital Ltd 0.21% of their portfolio | 447.0k $12.2m | Added +215.8k |
| BARCLAYS PLC 0.01% of their portfolio | 438.3k $12.0m | Reduced -22.0k |
| Arvin Capital Management LP 5.49% of their portfolio | 434.0k $11.9m | Added +96.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 417.3k $11.5m | Reduced -25.2k |
| Mirae Asset Global Investments Co., Ltd. 0.03% of their portfolio | 416.4k $15.9m | Added +229.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 397.7k $10.9m | Added +8.2k |
| Walleye Trading LLC 0.17% of their portfolio | 377.6k $10.3m | Reduced -409.0k |
| Walleye Capital LLC 0.11% of their portfolio | 376.0k $10.3m | Added +207.5k |
| AVIVA PLC 0.03% of their portfolio | 373.2k $10.2m | Reduced -3.8k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.09% of their portfolio | 369.1k $10.1m | Added +63.8k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 365.8k $10.0m | Added +188.4k |
| Scion Asset Management, LLC 9.53% of their portfolio | 360.0k $9.9m | Added +160.0k |
| NOMURA HOLDINGS INC 0.08% of their portfolio | 354.7k $9.7m | Added +132.9k |
| STATE STREET CORP 0.00% of their portfolio | 354.2k $9.7m | Added +32.0k |
| Cubist Systematic Strategies, LLC 0.11% of their portfolio | 342.4k $9.4m | Reduced -760.2k |
| Prescott Group Capital Management, L.L.C. 1.45% of their portfolio | 329.9k $9.0m | Added +90.0k |
| Parallax Volatility Advisers, L.P. 0.26% of their portfolio | 329.4k $9.0m | Reduced -99.2k |
| GTS SECURITIES LLC 0.23% of their portfolio | 316.8k $8.7m | Reduced -238.2k |
| Hidden Lake Asset Management LP 8.01% of their portfolio | 309.9k $8.5m | New |
| CI INVESTMENTS INC. 0.03% of their portfolio | 296.1k $8.1m | New |
| TUDOR INVESTMENT CORP ET AL 0.09% of their portfolio | 270.5k $7.4m | Added +63.2k |
| WOLVERINE TRADING, LLC 0.07% of their portfolio | 261.7k $7.2m | Added +221.8k |
| Trexquant Investment LP 0.14% of their portfolio | 261.6k $7.2m | New |
| ABN AMRO INVESTMENT SOLUTIONS 0.12% of their portfolio | 257.4k $7.0m | Added +36.1k |
| Old Well Partners, LLC 3.01% of their portfolio | 247.0k $6.8m | Added +20.0k |