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 ($7.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $15.53. Options: 25 managers hold calls ($269.4m notional), 22 hold puts ($179.3m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 231 |
| Q4 2022 | 252 |
| Q1 2023 | 252 |
| Q2 2023 | 250 |
| Q3 2023 | 260 |
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 |
| Q3 2023 | 143 | 125 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $200.6m | $196.2m | 0.98 |
| Q1 2023 | $110.1m | $92.5m | 0.84 |
| Q2 2023 | $216.5m | $123.2m | 0.57 |
| Q3 2023 | $269.4m | $179.3m | 0.67 |
Biggest buyers
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +7.0m |
| FIL Ltd | Added | +4.7m |
| VIKING GLOBAL INVESTORS LP | New | +4.6m |
| Davis Selected Advisers | New | +3.5m |
| Alpine Investment Management Ltd | New | +3.2m |
| GOLDMAN SACHS GROUP INC | Added | +2.5m |
| APPALOOSA LP | New | +2.4m |
| CANADA LIFE ASSURANCE Co | Added | +2.3m |
| Krane Funds Advisors LLC | Added | +1.9m |
| Man Group plc | New | +1.7m |
Biggest sellers
| Aspex Management (HK) Ltd | Reduced | -5.8m |
| HHLR ADVISORS, LTD. | Reduced | -5.2m |
| WFM ASIA (BVI) Ltd | Reduced | -4.3m |
| ACADIAN ASSET MANAGEMENT LLC | Sold out | -3.3m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -3.3m |
| ALKEON CAPITAL MANAGEMENT LLC | Reduced | -3.0m |
| SC US (TTGP), LTD. | Reduced | -2.7m |
| Greenwoods Asset Management Hong Kong Ltd. | Reduced | -2.7m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -2.0m |
| D. E. Shaw & Co., Inc. | Reduced | -1.4m |
Biggest calls
| JANE STREET GROUP, LLC | Added | $108.1m7.0m shares |
| Walleye Trading LLC | Reduced | $29.0m1.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $24.3m1.6m shares |
| NOMURA HOLDINGS INC | Added | $17.1m1.1m shares |
| PEAK6 Investments LLC | Added | $12.6m814.4k shares |
| Squarepoint Ops LLC | Reduced | $12.0m771.4k shares |
| Parallax Volatility Advisers, L.P. | Added | $9.1m587.6k shares |
| Caption Management, LLC | Added | $8.8m564.9k shares |
| SIMPLEX TRADING, LLC | Added | $7.3m472.8k shares |
| CITADEL ADVISORS LLC | Reduced | $6.8m440.2k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $79.2m5.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $20.7m1.3m shares |
| Squarepoint Ops LLC | Added | $10.9m701.5k shares |
| Walleye Trading LLC | Added | $10.5m674.1k shares |
| NOMURA HOLDINGS INC | Added | $8.4m540.0k shares |
| CITADEL ADVISORS LLC | Added | $7.5m482.2k shares |
| HSBC HOLDINGS PLC | New | $7.4m479.5k shares |
| SIMPLEX TRADING, LLC | Added | $6.9m444.4k shares |
| PEAK6 Investments LLC | Added | $5.0m320.1k shares |
| JPMORGAN CHASE & CO | New | $4.0m257.5k 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 |
|---|---|
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 Q3 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 Q3 2023.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| HHLR ADVISORS, LTD. 10.63% of their portfolio | 30.7m $475.9m | Reduced -5.2m |
| BlackRock Inc. 0.01% of their portfolio | 30.1m $466.4m | Reduced -324.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.07% of their portfolio | 29.2m $452.7m | Added +7.0m |
| VANGUARD GROUP INC 0.01% of their portfolio | 25.6m $396.9m | Added +151.6k |
| MORGAN STANLEY 0.03% of their portfolio | 19.2m $298.0m | Reduced -485.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio | 16.8m $260.7m | Reduced -3.3m |
| CoreView Capital Management Ltd 27.09% of their portfolio | 15.8m $245.2m | Reduced -234.7k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 15.5m $240.0m | Added +2.5m |
| Krane Funds Advisors LLC 9.36% of their portfolio | 14.7m $228.0m | Added +1.9m |
| Capital World Investors 0.03% of their portfolio | 11.1m $172.3m | Added +62.2k |
| NORGES BANK 0.03% of their portfolio | 10.9m $169.8m | Reduced -284.2k |
| STATE STREET CORP 0.01% of their portfolio | 10.7m $167.9m | Reduced -937.2k |
| HCEP Management Ltd 39.82% of their portfolio | 9.9m $153.6m | Reduced -106.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.24% of their portfolio | 9.2m $142.9m | Added +41.7k |
| ALKEON CAPITAL MANAGEMENT LLC 0.90% of their portfolio | 9.1m $142.0m | Reduced -3.0m |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 14.96% of their portfolio | 8.0m $123.7m | Added +855.9k |
| M&G INVESTMENT MANAGEMENT LTD 0.80% of their portfolio | 6.9m $109.8m | Added +600.5k |
| FIL Ltd 0.12% of their portfolio | 6.6m $102.9m | Added +4.7m |
| Artisan Partners Limited Partnership 0.16% of their portfolio | 6.0m $92.6m | Reduced -1.0m |
| Carmignac Gestion 1.58% of their portfolio | 5.5m $85.9m | Reduced -979.5k |
| SC US (TTGP), LTD. 0.78% of their portfolio | 5.5m $85.1m | Reduced -2.7m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.13% of their portfolio | 5.4m $84.1m | Reduced -319.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.12% of their portfolio | 5.4m $83.1m | Added +1.1m |
| E Fund Management Co., Ltd. 6.03% of their portfolio | 5.1m $79.3m | Reduced -8.9k |
| H Capital V GP, L.P. 99.04% of their portfolio | 4.9m $76.8m | Unchanged |
| HSG Holding Ltd 8.07% of their portfolio | 4.8m $75.2m | Reduced -923.8k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.42% of their portfolio | 4.8m $73.9m | Unchanged |
| VIKING GLOBAL INVESTORS LP 0.29% of their portfolio | 4.6m $71.7m | New |
| Aspex Management (HK) Ltd 2.20% of their portfolio | 4.6m $71.5m | Reduced -5.8m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 4.6m $71.5m | Added +699.9k |
| Legal & General Group Plc 0.02% of their portfolio | 4.5m $69.4m | Reduced -1.1m |
| FMR LLC 0.00% of their portfolio | 3.6m $56.2m | Reduced -473.8k |
| Davis Selected Advisers 0.34% of their portfolio | 3.5m $54.4m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.3m $50.8m | Added +131.4k |
| Alpine Investment Management Ltd 18.37% of their portfolio | 3.2m $50.4m | New |
| CANADA LIFE ASSURANCE Co 0.06% of their portfolio | 3.1m $24.1m | Added +2.3m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.1m $48.0m | Added +968.6k |
| Ninety One UK Ltd 0.15% of their portfolio | 3.0m $47.1m | Reduced -22.4k |
| AXIOM INVESTORS LLC /DE 0.64% of their portfolio | 2.9m $44.7m | Reduced -838.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.6m $40.6m | Added +1.2m |
| TYBOURNE CAPITAL MANAGEMENT (HK) LTD 5.54% of their portfolio | 2.6m $39.6m | Added +11.6k |
| APPALOOSA LP 0.74% of their portfolio | 2.4m $37.2m | New |
| Robeco Institutional Asset Management B.V. 0.08% of their portfolio | 2.0m $31.4m | Reduced -348.0k |
| TB Alternative Assets Ltd. 7.85% of their portfolio | 1.9m $28.9m | Reduced -833.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.9m $28.9m | Reduced -39.0k |
| COATUE MANAGEMENT LLC 0.15% of their portfolio | 1.9m $28.9m | Added +1.2m |
| SEI INVESTMENTS CO 0.05% of their portfolio | 1.8m $28.6m | Reduced -406.5k |
| INDUS CAPITAL PARTNERS, LLC 18.99% of their portfolio | 1.8m $28.0m | Reduced -431.0k |
| UBS Group AG 0.01% of their portfolio | 1.7m $26.6m | Added +496.6k |
| Man Group plc 0.08% of their portfolio | 1.7m $26.4m | New |
| NS Partners Ltd 1.36% of their portfolio | 1.6m $25.2m | New |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.6m $25.1m | Reduced -48.5k |
| BAILLIE GIFFORD & CO 0.02% of their portfolio | 1.6m $24.6m | Reduced -24.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 1.5m $24.0m | Reduced -1.4k |
| Blue Creek Capital Management Ltd 18.60% of their portfolio | 1.5m $23.9m | Added +65.2k |
| Swiss National Bank 0.02% of their portfolio | 1.5m $23.7m | Reduced -117.9k |
| Allianz Asset Management GmbH 0.05% of their portfolio | 1.5m $23.5m | Added +803.7k |
| Bridgewater Associates, LP 0.14% of their portfolio | 1.5m $23.3m | Reduced -54.1k |
| Sylebra Capital Ltd 1.21% of their portfolio | 1.5m $22.7m | Added +10.0k |
| SYLEBRA CAPITAL LLC 1.21% of their portfolio | 1.5m $22.7m | First filing |
| Capital International, Inc./CA/ 0.42% of their portfolio | 1.4m $21.8m | Reduced -124.0k |
| Ninety One North America, Inc. 1.06% of their portfolio | 1.4m $21.7m | Added +164.3k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.4m $21.6m | Reduced -24.1k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 1.4m $21.6m | Reduced -154.3k |
| Mirae Asset Global Investments Co., Ltd. 0.05% of their portfolio | 1.4m $21.5m | Added +130.4k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.3m $20.6m | Reduced -624.0k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 1.3m $20.5m | Added +4.4k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 1.3m $20.0m | Reduced -390.1k |
| 53 HOUSE LLP 4.93% of their portfolio | 1.3m $19.7m | New |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 1.3m $19.6m | Added +296.2k |
| Assenagon Asset Management S.A. 0.07% of their portfolio | 1.2m $19.3m | Reduced -786.1k |
| CAPITAL FUND MANAGEMENT S.A. 0.25% of their portfolio | 1.2m $18.9m | Added +924.4k |
| California Public Employees Retirement System 0.02% of their portfolio | 1.1m $17.8m | Added +13.1k |
| VAN ECK ASSOCIATES CORP 0.04% of their portfolio | 1.1m $17.7m | Reduced -104.3k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 1.1m $17.5m | Reduced -509.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 1.1m $16.5m | Added +327.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.0m $16.1m | Added +646.7k |
| Pertento Partners LLP 3.52% of their portfolio | 1.0m $15.8m | Added +37.6k |
| Old Well Partners, LLC 6.61% of their portfolio | 983.0k $15.3m | Added +369.8k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 962.6k $14.9m | Reduced -25.7k |
| Pinpoint Asset Management Ltd 3.46% of their portfolio | 915.4k $14.8m | New |
| Skandinaviska Enskilda Banken AB (publ) 0.09% of their portfolio | 875.3k $13.6m | Reduced -367.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 857.1k $13.3m | Reduced -19.3k |
| OVERSEA-CHINESE BANKING Corp Ltd 0.60% of their portfolio | 836.6k $13.0m | Reduced -84.4k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 835.2k $13.0m | Added +280.1k |
| Harvest Fund Management Co., Ltd 2.26% of their portfolio | 833.6k $12.9m | Added +184.5k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 827.4k $12.8m | First filing |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 823.1k $12.8m | Added +294.5k |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 790.2k $12.3m | Added +94.6k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 766.2k $11.9m | New |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 749.5k $11.6m | Reduced -90.1k |
| PRUDENTIAL PLC 0.13% of their portfolio | 728.9k $11.3m | Added +308.1k |
| WFM ASIA (BVI) Ltd 1.24% of their portfolio | 659.0k $10.2m | Reduced -4.3m |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 639.2k $9.9m | Added +326.0k |
| KBC Group NV 0.04% of their portfolio | 638.3k $9.9m | Added +311.0k |
| Maytree Asset Management Ltd 12.55% of their portfolio | 632.7k $9.8m | Added +294.8k |
| Alberta Investment Management Corp 0.10% of their portfolio | 630.1k $9.8m | Added +66.2k |
| Invesco Ltd. 0.00% of their portfolio | 627.1k $9.7m | Reduced -82.7k |
| Verition Fund Management LLC 0.12% of their portfolio | 600.0k $9.3m | Reduced -400.0k |
| E Fund Management (Hong Kong) Co., Ltd. 5.69% of their portfolio | 582.1k $9.0m | Reduced -8.9k |