KE HLDGS INC BEKE
SPONSORED ADS · ADR · CUSIP 482497104 · ISIN US4824971042
Company operating an integrated online and offline platform for housing transactions and services in China
* 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 ($11.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.86. Options: 20 managers hold calls ($216.5m notional), 17 hold puts ($123.2m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 231 |
| Q4 2022 | 252 |
| Q1 2023 | 252 |
| Q2 2023 | 250 |
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 | 143 | 104 |
| Q1 2023 | 153 | 112 |
| Q2 2023 | 132 | 126 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $160.2m | $203.8m | 1.27 |
| Q4 2022 | $200.6m | $196.2m | 0.98 |
| Q1 2023 | $110.1m | $92.5m | 0.84 |
| Q2 2023 | $216.5m | $123.2m | 0.57 |
Biggest buyers
| Capital World Investors | Added | +10.1m |
| HHLR ADVISORS, LTD. | Added | +4.6m |
| GOLDMAN SACHS GROUP INC | Added | +3.8m |
| Ninety One UK Ltd | New | +3.1m |
| CoreView Capital Management Ltd | Added | +2.9m |
| E Fund Management Co., Ltd. | Added | +1.9m |
| Artisan Partners Limited Partnership | Added | +1.8m |
| D. E. Shaw & Co., Inc. | New | +1.6m |
| Capital International, Inc./CA/ | New | +1.5m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +1.5m |
Biggest sellers
| MORGAN STANLEY | Reduced | -8.8m |
| BlackRock Inc. | Reduced | -7.8m |
| FMR LLC | Reduced | -7.3m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -4.4m |
| BANK OF AMERICA CORP /DE/ | Reduced | -4.1m |
| Assenagon Asset Management S.A. | Reduced | -3.6m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -3.4m |
| DEUTSCHE BANK AG\ | Reduced | -3.2m |
| Aspex Management (HK) Ltd | Reduced | -2.9m |
| Krane Funds Advisors LLC | Reduced | -2.7m |
Biggest calls
| JANE STREET GROUP, LLC | Added | $96.8m6.5m shares |
| Walleye Trading LLC | Added | $28.2m1.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $15.5m1.0m shares |
| Squarepoint Ops LLC | Added | $12.0m805.9k shares |
| Triatomic Management LP | Added | $9.3m628.5k shares |
| NOMURA HOLDINGS INC | Reduced | $8.9m600.0k shares |
| CITADEL ADVISORS LLC | Added | $8.7m589.2k shares |
| D. E. Shaw & Co., Inc. | Added | $7.4m500.0k shares |
| SIMPLEX TRADING, LLC | Added | $6.7m452.7k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $6.5m434.5k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $73.2m4.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $11.7m786.6k shares |
| Squarepoint Ops LLC | Added | $10.2m690.2k shares |
| Parallax Volatility Advisers, L.P. | Added | $4.6m310.5k shares |
| NOMURA HOLDINGS INC | New | $4.0m270.0k shares |
| Capital Markets Trading UK LLP | Added | $3.8m105.0k shares |
| CITADEL ADVISORS LLC | Reduced | $3.6m239.1k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $3.0m200.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.3m156.0k shares |
| Walleye Capital LLC | Added | $1.8m122.4k 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 |
|---|---|
Baihui Partners L.P.
13D · may seek influence
filed 2026-08-18
Stated purposeNo change from the Statement. Full filing |
24.7% |
Grain Bud Holding Ltd
13D · may seek influence
filed 2026-08-18
Stated purposeNo change from the Statement. The securities beneficially owned by the Reporting Persons did no change in the past 60 days, and this Amendment is being filed to reflect a change in the beneficial ownership percentage of the Reporting Persons due to a change in the number of ordinary shares issued of the Issuer, following the completion of the Issuer's share repurchase and cancellation. Full filing |
24.7% |
Tencent Holdings Ltd
13D · may seek influence
-0.9 pts · filed 2025-09-30
Stated purposeItem 4 of the Schedule D is hereby amended and supplemented by adding the following before the sub-title named "General" in this Item: On February 10, 2025, Parallel Stellar surrendered 2 Class A Ordinary Shares of the Issuer. On September 30, 2025, Sunshine Peak, TPP I SPV and TPP II SPV, entities controlled by Tencent Plus Partners ("TPP"), executed a distribution plan of Class A Ordinary Shares they held through on-market transactions in the amount of 13,323,284 ADSs representing 39,969,852 Class A Ordinary Shares of the Issuer, and distributing the proceeds to their limited partners. TPP is under Tencent and facilitates collaboration with external capital partners by investing with Tencent. Tencent's interest (excluding TPP) in BEKE remains unchanged. Full filing |
8.7% |
Fell to 5% or below in the last year: Ever Orient International Ltd (4.7%, 2026-09-29)
Insider purchases and sales in Q2 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 Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| HHLR ADVISORS, LTD. 11.33% of their portfolio | 35.8m $532.0m | Added +4.6m |
| BlackRock Inc. 0.01% of their portfolio | 30.4m $451.1m | Reduced -7.8m |
| VANGUARD GROUP INC 0.01% of their portfolio | 25.4m $377.5m | Added +128.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 22.2m $329.4m | Reduced -3.4m |
| WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio | 20.1m $297.8m | Reduced -2.4m |
| MORGAN STANLEY 0.03% of their portfolio | 19.7m $292.3m | Reduced -8.8m |
| CoreView Capital Management Ltd 30.92% of their portfolio | 16.0m $238.1m | Added +2.9m |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 12.9m $191.8m | Added +3.8m |
| Krane Funds Advisors LLC 10.04% of their portfolio | 12.8m $190.6m | Reduced -2.7m |
| ALKEON CAPITAL MANAGEMENT LLC 1.08% of their portfolio | 12.1m $180.2m | Added +1.2m |
| STATE STREET CORP 0.01% of their portfolio | 11.6m $172.8m | Reduced -731.3k |
| NORGES BANK 0.03% of their portfolio | 11.2m $166.7m | Added +86.6k |
| Capital World Investors 0.03% of their portfolio | 11.0m $163.9m | Added +10.1m |
| Aspex Management (HK) Ltd 4.48% of their portfolio | 10.4m $154.2m | Reduced -2.9m |
| HCEP Management Ltd 28.18% of their portfolio | 10.0m $148.5m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.20% of their portfolio | 9.2m $136.1m | Added +1.5m |
| SC US (TTGP), LTD. 1.15% of their portfolio | 8.2m $122.1m | Unchanged |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 12.38% of their portfolio | 7.1m $105.6m | Added +317.9k |
| Artisan Partners Limited Partnership 0.17% of their portfolio | 7.0m $103.8m | Added +1.8m |
| Carmignac Gestion 1.67% of their portfolio | 6.5m $96.7m | Reduced -1.3m |
| M&G INVESTMENT MANAGEMENT LTD 0.56% of their portfolio | 6.3m $93.9m | Added +1.2m |
| HSG Holding Ltd 9.80% of their portfolio | 5.8m $85.7m | Unchanged |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.12% of their portfolio | 5.7m $85.2m | Reduced -4.4m |
| Legal & General Group Plc 0.03% of their portfolio | 5.6m $82.5m | Added +148.1k |
| E Fund Management Co., Ltd. 6.01% of their portfolio | 5.1m $76.0m | Added +1.9m |
| WFM ASIA (BVI) Ltd 7.96% of their portfolio | 5.0m $73.6m | Added +1.0m |
| H Capital V GP, L.P. 98.82% of their portfolio | 4.9m $73.5m | Unchanged |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.42% of their portfolio | 4.8m $70.7m | Unchanged |
| CANADA PENSION PLAN INVESTMENT BOARD 0.10% of their portfolio | 4.3m $63.3m | Reduced -150.0k |
| FMR LLC 0.01% of their portfolio | 4.1m $60.8m | Reduced -7.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 3.9m $73.6m | Unchanged |
| AXIOM INVESTORS LLC /DE 0.82% of their portfolio | 3.7m $55.3m | Added +1.2m |
| ACADIAN ASSET MANAGEMENT LLC 0.20% of their portfolio | 3.3m $49.5m | Added +1.5m |
| Greenwoods Asset Management Hong Kong Ltd. 2.29% of their portfolio | 3.2m $47.4m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.2m $46.6m | Added +53.8k |
| Ninety One UK Ltd 0.13% of their portfolio | 3.1m $45.4m | New |
| TB Alternative Assets Ltd. 9.97% of their portfolio | 2.7m $40.0m | Reduced -616.2k |
| TYBOURNE CAPITAL MANAGEMENT (HK) LTD 4.08% of their portfolio | 2.5m $37.8m | Reduced -88.5k |
| PICTET ASSET MANAGEMENT SA 0.04% of their portfolio | 2.4m $36.0m | Reduced -1.1m |
| Robeco Institutional Asset Management B.V. 0.09% of their portfolio | 2.4m $35.2m | Added +182.0k |
| SEI INVESTMENTS CO 0.06% of their portfolio | 2.2m $33.4m | Added +933.2k |
| INDUS CAPITAL PARTNERS, LLC 66.83% of their portfolio | 2.2m $33.2m | Reduced -274.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.1m $31.5m | Reduced -1.3m |
| TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio | 2.1m $30.7m | Reduced -423.4k |
| Assenagon Asset Management S.A. 0.12% of their portfolio | 2.0m $30.2m | Reduced -3.6m |
| FIL Ltd 0.03% of their portfolio | 2.0m $29.1m | Added +403.1k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 2.0m $29.0m | Added +1.2m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.9m $28.2m | Reduced -494.9k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 1.7m $24.9m | Reduced -431.6k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.7m $24.8m | Added +19.7k |
| Swiss National Bank 0.02% of their portfolio | 1.6m $24.4m | Reduced -165.6k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 1.6m $24.3m | Added +163.3k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 1.6m $24.1m | New |
| BAILLIE GIFFORD & CO 0.02% of their portfolio | 1.6m $23.9m | Added +5.5k |
| Bridgewater Associates, LP 0.14% of their portfolio | 1.6m $23.1m | Reduced -566.0k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 1.5m $23.0m | Added +79.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 1.5m $23.0m | Reduced -16.0k |
| Capital International, Inc./CA/ 0.41% of their portfolio | 1.5m $22.7m | New |
| Blue Creek Capital Management Ltd 18.06% of their portfolio | 1.5m $21.9m | Reduced -125.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.5m $21.7m | Reduced -4.1m |
| Sylebra Capital Ltd 0.89% of their portfolio | 1.5m $21.6m | New |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.4m $21.1m | Reduced -3.2m |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 1.3m $19.6m | Added +65.8k |
| Mirae Asset Global Investments Co., Ltd. 0.04% of their portfolio | 1.3m $18.6m | Added +356.5k |
| VAN ECK ASSOCIATES CORP 0.04% of their portfolio | 1.2m $18.5m | Added +565.7k |
| Skandinaviska Enskilda Banken AB (publ) 0.12% of their portfolio | 1.2m $18.5m | Added +896.3k |
| Ninety One North America, Inc. 0.78% of their portfolio | 1.2m $18.3m | New |
| NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio | 1.2m $18.3m | Added +223.8k |
| UBS Group AG 0.01% of their portfolio | 1.2m $18.1m | Reduced -82.3k |
| Snow Lake Management LP 4.78% of their portfolio | 1.2m $5.9m | New |
| California Public Employees Retirement System 0.01% of their portfolio | 1.1m $16.9m | Reduced -57.9k |
| TWO SIGMA ADVISERS, LP 0.04% of their portfolio | 1.1m $16.1m | Reduced -117.4k |
| Think Investments LP 3.36% of their portfolio | 1.0m $14.9m | Unchanged |
| Verition Fund Management LLC 0.23% of their portfolio | 1.0m $14.8m | Added +185.4k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 988.3k $14.7m | Added +66.8k |
| Pertento Partners LLP 3.24% of their portfolio | 978.6k $14.5m | Reduced -97.6k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 963.9k $14.3m | Added +365.7k |
| OVERSEA-CHINESE BANKING Corp Ltd 0.67% of their portfolio | 921.0k $13.7m | Reduced -7.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 876.5k $13.0m | Reduced -20.1k |
| Broad Peak Investment Holdings Ltd. 1.76% of their portfolio | 875.0k $13.0m | Unchanged |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 844.7k $12.7m | New |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 839.6k $12.5m | Added +108.7k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 809.8k $12.0m | Reduced -1.2m |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 787.8k $11.7m | Added +43.0k |
| Trexquant Investment LP 0.30% of their portfolio | 764.1k $11.3m | Added +507.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 736.1k $10.9m | Reduced -927.8k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 711.3k $10.6m | Added +537.3k |
| Invesco Ltd. 0.00% of their portfolio | 709.7k $10.5m | Reduced -27.6k |
| Point72 Hong Kong Ltd 3.12% of their portfolio | 703.4k $10.4m | Reduced -1.3m |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 695.5k $10.3m | Reduced -139.3k |
| Harvest Fund Management Co., Ltd 1.94% of their portfolio | 649.2k $9.6m | Added +188.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.05% of their portfolio | 648.6k $9.6m | Added +122.7k |
| COATUE MANAGEMENT LLC 0.05% of their portfolio | 640.8k $9.5m | Reduced -2.2m |
| Old Well Partners, LLC 8.21% of their portfolio | 613.2k $9.1m | Reduced -553.6k |
| E Fund Management (Hong Kong) Co., Ltd. 6.53% of their portfolio | 591.0k $8.8m | Reduced -33.6k |
| APG Asset Management N.V. 0.02% of their portfolio | 570.2k $7.8m | Reduced -50.0k |
| Alberta Investment Management Corp 0.08% of their portfolio | 564.0k $8.4m | Added +16.5k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 555.1k $8.2m | Reduced -452.0k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 533.7k $7.9m | Added +178.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 528.6k $7.8m | Reduced -4.0k |