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 ($28.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.55. Options: 42 managers hold calls ($1.1bn notional), 37 hold puts ($1.3bn).
Trends to Q1 2026
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 |
| Q3 2025 | 464 |
| Q4 2025 | 441 |
| Q1 2026 | 411 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 234 | 195 |
| Q3 2024 | 313 | 195 |
| Q4 2024 | 251 | 295 |
| Q1 2025 | 274 | 262 |
| Q2 2025 | 224 | 284 |
| Q3 2025 | 239 | 243 |
| Q4 2025 | 178 | 257 |
| Q1 2026 | 190 | 216 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $1.5bn | $1.1bn | 0.73 |
| Q3 2025 | $2.4bn | $2.0bn | 0.84 |
| Q4 2025 | $1.7bn | $1.7bn | 1.00 |
| Q1 2026 | $1.1bn | $1.3bn | 1.14 |
Biggest buyers
| FRANKLIN RESOURCES INC | Added | +10.6m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +7.0m |
| FIL Ltd | Added | +3.3m |
| SG Americas Securities, LLC | Added | +2.5m |
| BANK OF AMERICA CORP /DE/ | Added | +2.0m |
| Massar Capital Management, LP | Added | +1.7m |
| Brevan Howard Capital Management LP | New | +1.6m |
| Point72 Asset Management, L.P. | Added | +1.4m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +1.2m |
| Maple Rock Capital Partners Inc. | Added | +1.1m |
Biggest sellers
| Invesco Ltd. | Reduced | -3.7m |
| JANE STREET GROUP, LLC | Reduced | -3.1m |
| APPALOOSA LP | Reduced | -2.9m |
| SUSQUEHANNA ADVISORS GROUP, INC. | Sold out | -2.7m |
| CITADEL ADVISORS LLC | Reduced | -2.0m |
| Polunin Capital Partners Ltd | Sold out | -1.9m |
| SIH Partners, LLLP | Reduced | -1.6m |
| ALKEON CAPITAL MANAGEMENT LLC | Sold out | -1.5m |
| Walleye Trading LLC | Sold out | -1.4m |
| UBS Group AG | Reduced | -1.3m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $224.7m7.6m shares |
| UBS Group AG | Added | $194.6m6.6m shares |
| CITADEL ADVISORS LLC | Reduced | $107.6m3.6m shares |
| IMC-Chicago, LLC | Reduced | $71.8m2.4m shares |
| GROUP ONE TRADING LLC | Reduced | $60.3m2.0m shares |
| SIMPLEX TRADING, LLC | Reduced | $58.5m2.0m shares |
| JANE STREET GROUP, LLC | Reduced | $55.2m1.9m shares |
| Walleye Trading LLC | Added | $40.7m1.4m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $38.2m1.3m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $38.0m1.3m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $405.2m13.7m shares |
| JANE STREET GROUP, LLC | Added | $167.9m5.7m shares |
| D. E. Shaw & Co., Inc. | Reduced | $108.7m3.7m shares |
| Centiva Capital, LP | Reduced | $101.9m3.4m shares |
| Walleye Trading LLC | Reduced | $73.5m2.5m shares |
| CITADEL ADVISORS LLC | Reduced | $48.6m1.6m shares |
| IMC-Chicago, LLC | Reduced | $42.5m1.4m shares |
| UBS Group AG | Reduced | $36.4m1.2m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $27.0m911.6k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $24.5m829.4k 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 2026
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 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Dodge & Cox 0.20% of their portfolio | 12.2m $360.6m | Unchanged |
| FIL Ltd 0.27% of their portfolio | 11.8m $349.5m | Added +3.3m |
| Newlands Management Operations LLC 2.24% of their portfolio | 11.7m $345.8m | Unchanged |
| FRANKLIN RESOURCES INC 0.08% of their portfolio | 10.6m $313.7m | Added +10.6m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.40% of their portfolio | 10.3m $305.8m | Added +7.0m |
| Invesco Ltd. 0.02% of their portfolio | 6.2m $184.6m | Reduced -3.7m |
| Discerene Group LP 20.40% of their portfolio | 6.0m $176.2m | Reduced -253.0k |
| CoreView Capital Management Ltd 34.66% of their portfolio | 5.5m $163.9m | Reduced -655.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 5.4m $159.9m | Added +1.2m |
| Robeco Institutional Asset Management B.V. 0.22% of their portfolio | 5.3m $157.2m | Added +875.8k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.0m $147.8m | Added +2.0m |
| North of South Capital LLP 11.72% of their portfolio | 4.4m $130.5m | Added +158.7k |
| SG Americas Securities, LLC 0.14% of their portfolio | 4.3m $128.2m | Added +2.5m |
| MORGAN STANLEY 0.01% of their portfolio | 4.3m $128.2m | Reduced -1.2m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.40% of their portfolio | 4.1m $120.8m | Added +518.4k |
| BlackRock, Inc. 0.00% of their portfolio | 3.8m $110.9m | Reduced -703.7k |
| SIH Partners, LLLP 3.08% of their portfolio | 3.4m $100.0m | Reduced -1.6m |
| UBS Group AG 0.02% of their portfolio | 3.1m $92.4m | Reduced -1.3m |
| Maple Rock Capital Partners Inc. 2.91% of their portfolio | 3.0m $89.5m | Added +1.1m |
| FEDERATED HERMES, INC. 0.14% of their portfolio | 2.8m $83.7m | Added +211.4k |
| Point72 Asset Management, L.P. 0.14% of their portfolio | 2.7m $80.2m | Added +1.4m |
| Fisher Asset Management, LLC 0.02% of their portfolio | 2.3m $69.0m | Reduced -999.7k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.3m $68.6m | Reduced -936.3k |
| Massar Capital Management, LP 10.59% of their portfolio | 1.8m $53.1m | Added +1.7m |
| Brevan Howard Capital Management LP 0.48% of their portfolio | 1.6m $47.8m | New |
| Legal & General Group Plc 0.01% of their portfolio | 1.6m $48.5m | Added +94.0k |
| LANDESBANK BADEN-WUERTTEMBERG 8.80% of their portfolio | 1.5m $43.1m | Unchanged |
| Patient Capital Management, LLC 1.54% of their portfolio | 1.4m $41.4m | Added +558.5k |
| APPALOOSA LP 0.65% of their portfolio | 1.3m $38.6m | Reduced -2.9m |
| HighTower Advisors, LLC 0.04% of their portfolio | 1.3m $37.9m | Reduced -101.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.3m $37.6m | Added +108.3k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 974.5k $28.8m | Added +58.7k |
| Clearbridge Investments, LLC 0.02% of their portfolio | 954.2k $28.2m | Reduced -42.7k |
| Long Focus Capital Management, LLC 1.22% of their portfolio | 942.6k $27.9m | Added +46.4k |
| CITIGROUP INC 0.02% of their portfolio | 908.0k $26.8m | Added +68.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.11% of their portfolio | 906.4k $26.8m | New |
| LAKEWOOD CAPITAL MANAGEMENT, LP 1.72% of their portfolio | 904.0k $26.7m | Added +265.0k |
| Centiva Capital, LP 1.23% of their portfolio | 893.3k $26.4m | Reduced -197.5k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.04% of their portfolio | 884.0k $26.1m | Reduced -867.7k |
| FMR LLC 0.00% of their portfolio | 834.7k $24.7m | Reduced -819.8k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 834.2k $24.7m | Reduced -2.0m |
| BARCLAYS PLC 0.01% of their portfolio | 740.7k $21.9m | Reduced -319.8k |
| Perpetual Ltd 0.31% of their portfolio | 680.2k $20.1m | Added +102.8k |
| Optiver Holding B.V. 0.73% of their portfolio | 664.2k $19.2m | Reduced -664.6k |
| NAN FUNG TRINITY (HK) LTD 2.11% of their portfolio | 649.7k $19.2m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 647.7k $18.7m | Reduced -26.8k |
| Contrarius Group Holdings Ltd 1.07% of their portfolio | 639.3k $18.9m | Reduced -142.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 629.3k $18.2m | Reduced -14.1k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 604.9k $17.9m | Reduced -3.1m |
| IMC-Chicago, LLC 0.27% of their portfolio | 602.8k $17.8m | Added +384.3k |
| Yiheng Capital Management, L.P. 7.53% of their portfolio | 587.5k $17.4m | Reduced -99.9k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 571.4k $16.9m | Added +5.4k |
| NFJ INVESTMENT GROUP, LLC 0.64% of their portfolio | 568.4k $16.8m | Reduced -131.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 527.8k $15.6m | Reduced -377.7k |
| TODD ASSET MANAGEMENT LLC 0.29% of their portfolio | 507.2k $15.0m | Reduced -379.9k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 483.2k $14.3m | Reduced -115.0k |
| KBC Group NV 0.03% of their portfolio | 459.3k $13.6m | Added +202.5k |
| Creative Planning 0.01% of their portfolio | 412.1k $12.2m | Added +91.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 402.7k $11.9m | Added +3.6k |
| Handelsbanken Fonder AB 0.04% of their portfolio | 397.0k $11.7m | Added +40.0k |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 358.0k $10.6m | Reduced -68.3k |
| TIGER GLOBAL MANAGEMENT LLC 0.04% of their portfolio | 344.3k $10.2m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 330.1k $9.8m | Added +32.2k |
| NINE MASTS CAPITAL Ltd 1.43% of their portfolio | 314.3k $9.3m | Added +40.4k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.07% of their portfolio | 312.6k $9.2m | Reduced -306.0k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 293.4k $8.7m | Added +81.3k |
| Davis Selected Advisers 0.04% of their portfolio | 283.4k $8.4m | Reduced -45.8k |
| TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio | 270.8k $8.0m | Added +211.2k |
| Aurora Investment Managers, LLC. 5.87% of their portfolio | 269.9k $8.0m | Reduced -3.1k |
| Y-Intercept (Hong Kong) Ltd 0.14% of their portfolio | 254.9k $7.5m | New |
| Polymer Capital Management (HK) LTD 1.01% of their portfolio | 244.6k $7.2m | Added +124.6k |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 240.4k $7.1m | Reduced -50.2k |
| Trilogy Capital Inc. 0.32% of their portfolio | 240.2k $7.1m | Added +24.3k |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 237.2k $7.0m | Reduced -22.4k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 232.8k $6.9m | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 231.4k $6.8m | Reduced -19.2k |
| Walleye Capital LLC 0.04% of their portfolio | 225.4k $6.7m | Reduced -157.2k |
| CREDIT AGRICOLE S A 0.02% of their portfolio | 224.5k $6.6m | Added +83.5k |
| Vontobel Holding Ltd. 0.02% of their portfolio | 219.9k $6.5m | Added +78.3k |
| EXCHANGE TRADED CONCEPTS, LLC 0.05% of their portfolio | 209.2k $6.2m | Reduced -1.9k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 206.6k $6.1m | Added +4.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 205.2k $6.1m | Reduced -91.0k |
| Monaco Asset Management SAM 1.88% of their portfolio | 200.0k $5.9m | Added +40.0k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 197.1k $5.8m | Added +31.7k |
| Gradient Investments LLC 0.09% of their portfolio | 195.3k $5.8m | Added +141.8k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.03% of their portfolio | 194.4k $5.7m | Reduced -35.9k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 191.9k $5.6m | Reduced -308.4k |
| Quantinno Capital Management LP 0.01% of their portfolio | 189.1k $5.6m | Added +123.2k |
| Oasis Management Co Ltd. 0.66% of their portfolio | 187.5k $5.5m | Added +22.3k |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.04% of their portfolio | 186.4k $5.5m | Added +94.2k |
| Tidal Investments LLC 0.02% of their portfolio | 180.1k $5.3m | Added +161.6k |
| Pekin Hardy Strauss, Inc. 0.55% of their portfolio | 179.3k $5.3m | Added +27.3k |
| Parallax Volatility Advisers, L.P. 0.23% of their portfolio | 177.5k $5.2m | Added +165.5k |
| Fairtree Asset Management (Pty) Ltd 2.40% of their portfolio | 177.0k $5.2m | Reduced -1.1k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 173.8k $5.1m | Added +76.0k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 168.4k $5.0m | Added +2.5k |
| STATE STREET CORP 0.00% of their portfolio | 150.0k $4.4m | Added +15.9k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 136.4k $4.0m | Added +29.2k |
| Marex Group Ltd 0.04% of their portfolio | 136.3k $4.0m | Reduced -111.5k |
| GROUP ONE TRADING LLC 0.13% of their portfolio | 130.2k $3.9m | Reduced -332.4k |