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 ($40.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $32.59. Options: 45 managers hold calls ($1.5bn notional), 38 hold puts ($1.1bn).
Trends to Q2 2025
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 |
| Q2 2024 | 455 |
| Q3 2024 | 546 |
| Q4 2024 | 550 |
| Q1 2025 | 545 |
| Q2 2025 | 472 |
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 | 208 | 213 |
| Q4 2023 | 218 | 226 |
| Q1 2024 | 211 | 234 |
| Q2 2024 | 234 | 195 |
| Q3 2024 | 313 | 195 |
| Q4 2024 | 251 | 295 |
| Q1 2025 | 274 | 262 |
| Q2 2025 | 224 | 284 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $3.2bn | $1.5bn | 0.48 |
| Q4 2024 | $3.5bn | $1.6bn | 0.45 |
| Q1 2025 | $2.0bn | $1.4bn | 0.69 |
| Q2 2025 | $1.5bn | $1.1bn | 0.73 |
Biggest buyers
| FIL Ltd | Added | +4.3m |
| SIH Partners, LLLP | Added | +1.8m |
| MARSHALL WACE, LLP | Added | +1.8m |
| BANK OF AMERICA CORP /DE/ | Added | +1.7m |
| BlackRock, Inc. | Added | +1.5m |
| Crake Asset Management LLP | New | +1.3m |
| Squarepoint Ops LLC | Added | +978.2k |
| Maple Rock Capital Partners Inc. | Added | +930.8k |
| Parallax Volatility Advisers, L.P. | Added | +901.7k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +843.7k |
Biggest sellers
| FMR LLC | Reduced | -31.1m |
| VOYA INVESTMENT MANAGEMENT LLC | Sold out | -10.4m |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -5.1m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -4.3m |
| Temasek Holdings (Private) Ltd | Reduced | -4.0m |
| MORGAN STANLEY | Reduced | -3.3m |
| ANTIPODES PARTNERS Ltd | Sold out | -2.9m |
| Bridgewater Associates, LP | Sold out | -2.8m |
| HHLR ADVISORS, LTD. | Reduced | -2.5m |
| D. E. Shaw & Co., Inc. | Reduced | -2.4m |
Biggest calls
| Yiheng Capital Management, L.P. | Added | $528.1m16.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $235.0m7.2m shares |
| CITADEL ADVISORS LLC | Added | $104.3m3.2m shares |
| JANE STREET GROUP, LLC | Added | $83.6m2.6m shares |
| SIMPLEX TRADING, LLC | Reduced | $77.3m2.4m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $55.1m1.7m shares |
| GROUP ONE TRADING LLC | Reduced | $54.6m1.7m shares |
| IMC-Chicago, LLC | Reduced | $47.7m1.5m shares |
| UBS Group AG | Reduced | $44.3m1.4m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $40.9m1.3m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $242.9m7.4m shares |
| JANE STREET GROUP, LLC | Reduced | $120.0m3.7m shares |
| CITADEL ADVISORS LLC | Reduced | $88.0m2.7m shares |
| D. E. Shaw & Co., Inc. | Reduced | $70.5m2.2m shares |
| Squarepoint Ops LLC | Added | $64.0m2.0m shares |
| Walleye Trading LLC | Added | $60.7m1.9m shares |
| SIMPLEX TRADING, LLC | Added | $59.7m1.8m shares |
| Parallax Volatility Advisers, L.P. | Added | $58.9m1.8m shares |
| IMC-Chicago, LLC | Reduced | $49.7m1.5m shares |
| BARCLAYS PLC | Added | $49.3m1.5m 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 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 |
|---|---|---|
| Dodge & Cox 0.34% of their portfolio | 18.7m $610.6m | Added +643.0k |
| Invesco Ltd. 0.08% of their portfolio | 14.6m $475.3m | Reduced -854.8k |
| Newlands Management Operations LLC 2.02% of their portfolio | 11.7m $381.7m | Unchanged |
| APPALOOSA LP 3.54% of their portfolio | 7.0m $228.5m | Reduced -1.1m |
| FIL Ltd 0.19% of their portfolio | 6.7m $218.4m | Added +4.3m |
| CoreView Capital Management Ltd 27.65% of their portfolio | 6.5m $211.9m | Added +155.8k |
| Discerene Group LP 21.90% of their portfolio | 6.2m $202.7m | Added +656.0k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 6.1m $198.1m | Added +1.7m |
| FMR LLC 0.01% of their portfolio | 5.7m $184.8m | Reduced -31.1m |
| MORGAN STANLEY 0.01% of their portfolio | 5.6m $181.5m | Reduced -3.3m |
| MARSHALL WACE, LLP 0.21% of their portfolio | 5.3m $174.2m | Added +1.8m |
| FEDERATED HERMES, INC. 0.28% of their portfolio | 4.6m $148.5m | Added +177.0k |
| Robeco Institutional Asset Management B.V. 0.21% of their portfolio | 4.0m $132.0m | Added +243.1k |
| ALKEON CAPITAL MANAGEMENT LLC 0.64% of their portfolio | 4.0m $131.3m | Reduced -500.0k |
| North of South Capital LLP 13.64% of their portfolio | 4.0m $129.7m | Added +660.0k |
| BlackRock, Inc. 0.00% of their portfolio | 3.6m $118.9m | Added +1.5m |
| Man Group plc 0.26% of their portfolio | 3.6m $118.1m | Added +450.2k |
| UBS Group AG 0.02% of their portfolio | 3.5m $114.5m | Added +249.6k |
| Fisher Asset Management, LLC 0.04% of their portfolio | 3.4m $112.1m | Reduced -483.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 3.4m $111.1m | Added +193.9k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.36% of their portfolio | 3.3m $106.7m | Added +250.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.6m $86.1m | Reduced -586.2k |
| Qube Research & Technologies Ltd 0.11% of their portfolio | 2.4m $79.6m | Reduced -351.7k |
| HHLR ADVISORS, LTD. 2.39% of their portfolio | 2.3m $74.3m | Reduced -2.5m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.11% of their portfolio | 2.2m $71.3m | Added +62.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 2.1m $69.7m | Reduced -1.0m |
| Polunin Capital Partners Ltd 10.89% of their portfolio | 2.0m $66.6m | Added +35.7k |
| SIH Partners, LLLP 6.04% of their portfolio | 1.9m $63.6m | Added +1.8m |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.96% of their portfolio | 1.9m $60.5m | Added +57.1k |
| Maple Rock Capital Partners Inc. 3.01% of their portfolio | 1.8m $60.4m | Added +930.8k |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 1.8m $59.2m | Reduced -198.5k |
| JANE STREET GROUP, LLC 0.08% of their portfolio | 1.5m $48.8m | Reduced -195.4k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 1.4m $46.4m | Reduced -2.4m |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 1.3m $42.9m | Reduced -682.2k |
| Crake Asset Management LLP 2.21% of their portfolio | 1.3m $42.0m | New |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.3m $41.4m | Added +94.0k |
| Legal & General Group Plc 0.01% of their portfolio | 1.2m $39.5m | Added +223.7k |
| Mitsubishi UFJ Trust & Banking Corp 0.09% of their portfolio | 1.1m $36.9m | Added +729.5k |
| MARTIN CURRIE LTD 1.40% of their portfolio | 1.1m $36.5m | Reduced -302.8k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 1.1m $36.4m | Reduced -1.9m |
| Squarepoint Ops LLC 0.08% of their portfolio | 1.1m $34.5m | Added +978.2k |
| TODD ASSET MANAGEMENT LLC 0.73% of their portfolio | 1.0m $33.7m | Added +151.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 997.4k $32.6m | Added +843.7k |
| Parallax Volatility Advisers, L.P. 1.30% of their portfolio | 992.0k $32.4m | Added +901.7k |
| Point72 Asset Management, L.P. 0.07% of their portfolio | 938.6k $30.6m | Reduced -1.5m |
| Ardmore Road Asset Management LP 2.43% of their portfolio | 900.0k $29.4m | Added +100.0k |
| AXA S.A. 0.08% of their portfolio | 871.5k $28.4m | Added +345.6k |
| Handelsbanken Fonder AB 0.10% of their portfolio | 870.9k $28.4m | Added +68.0k |
| HighTower Advisors, LLC 0.04% of their portfolio | 863.9k $28.2m | Added +6.9k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.09% of their portfolio | 835.6k $13.6m | Added +104.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 806.0k $26.3m | New |
| Patient Capital Management, LLC 1.16% of their portfolio | 789.1k $25.8m | Added +3.2k |
| Yiheng Capital Management, L.P. 9.31% of their portfolio | 787.4k $25.7m | Added +223.3k |
| BARCLAYS PLC 0.01% of their portfolio | 781.0k $25.5m | Added +566.6k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.18% of their portfolio | 671.7k $21.9m | Added +97.6k |
| Walleye Trading LLC 0.53% of their portfolio | 665.7k $21.7m | Added +487.1k |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 624.4k $20.3m | Added +13.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 608.2k $19.9m | Reduced -4.3m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio | 599.6k $19.6m | New |
| KBC Group NV 0.05% of their portfolio | 594.6k $19.4m | Added +20.0k |
| Temasek Holdings (Private) Ltd 0.07% of their portfolio | 589.3k $19.2m | Reduced -4.0m |
| Perpetual Ltd 0.22% of their portfolio | 572.8k $18.7m | Added +13.6k |
| Capital International Investors 0.00% of their portfolio | 571.7k $18.7m | Reduced -221.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 548.3k $17.9m | Added +43.1k |
| CORTLAND ASSOCIATES INC/MO 2.02% of their portfolio | 529.1k $17.3m | Reduced -658 |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 515.3k $16.8m | Reduced -5.1m |
| Contrarius Group Holdings Ltd 0.95% of their portfolio | 513.1k $16.7m | Reduced -192.8k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 497.8k $16.2m | Reduced -1.7m |
| Long Focus Capital Management, LLC 1.01% of their portfolio | 480.4k $15.7m | Added +82.0k |
| Amundi 0.01% of their portfolio | 474.2k $15.4m | Reduced -336.2k |
| NORGES BANK 0.00% of their portfolio | 439.3k $14.3m | Reduced -803.2k |
| XY Capital Ltd 9.43% of their portfolio | 419.3k $13.7m | New |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.04% of their portfolio | 415.8k $13.6m | Reduced -267.3k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 412.3k $13.5m | Reduced -683.4k |
| NFJ INVESTMENT GROUP, LLC 0.46% of their portfolio | 406.9k $13.3m | Reduced -45.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 398.3k $13.0m | Added +2.7k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 380.5k $12.4m | Reduced -2.2m |
| Creative Planning 0.01% of their portfolio | 378.1k $12.3m | Added +207.0k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 360.6k $11.8m | Reduced -69.0k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 359.8k $11.7m | Reduced -91.3k |
| Schonfeld Strategic Advisors LLC 0.09% of their portfolio | 354.7k $11.6m | Reduced -668.5k |
| LMR Partners LLP 0.18% of their portfolio | 347.3k $11.3m | Added +242.7k |
| Cubist Systematic Strategies, LLC 0.12% of their portfolio | 345.8k $11.3m | Added +276.2k |
| CITIGROUP INC 0.01% of their portfolio | 344.5k $11.2m | Added +47.7k |
| TIGER GLOBAL MANAGEMENT LLC 0.03% of their portfolio | 344.3k $11.2m | Unchanged |
| LAKEWOOD CAPITAL MANAGEMENT, LP 0.85% of their portfolio | 343.9k $11.2m | Added +10.0k |
| Davis Selected Advisers 0.06% of their portfolio | 343.5k $11.2m | Reduced -2.0k |
| PEAK6 LLC 0.20% of their portfolio | 332.8k $10.9m | Added +210.5k |
| STOREBRAND ASSET MANAGEMENT AS 0.03% of their portfolio | 332.3k $10.8m | Added +9.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 296.8k $9.7m | Reduced -152.1k |
| IMC-Chicago, LLC 0.23% of their portfolio | 287.0k $9.4m | New |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.06% of their portfolio | 285.9k $9.3m | Reduced -73.8k |
| CIBC WORLD MARKET INC. 0.02% of their portfolio | 280.3k $9.1m | Added +264.3k |
| Maxi Investments CY Ltd 1.54% of their portfolio | 279.0k $9.1m | Unchanged |
| ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio | 265.3k $8.7m | Reduced -85.1k |
| OSAIC HOLDINGS, INC. 0.02% of their portfolio | 261.3k $9.4m | Added +156.1k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 253.5k $8.3m | Added +181.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 249.6k $8.1m | Reduced -96.7k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 246.6k $8.0m | Added +2.0k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 240.8k $8.4m | Unchanged |