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 ($8.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $13.75. Options: 25 managers hold calls ($298.9m notional), 22 hold puts ($144.7m).
Trends to Q1 2024
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 |
| Q4 2023 | 278 |
| Q1 2024 | 270 |
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 |
| Q4 2023 | 139 | 130 |
| Q1 2024 | 122 | 154 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $216.5m | $123.2m | 0.57 |
| Q3 2023 | $269.4m | $179.3m | 0.67 |
| Q4 2023 | $309.8m | $263.3m | 0.85 |
| Q1 2024 | $298.9m | $144.7m | 0.48 |
Biggest buyers
| MORGAN STANLEY | Added | +12.5m |
| NORGES BANK | Added | +5.6m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +4.7m |
| BANK OF AMERICA CORP /DE/ | Added | +4.6m |
| BlackRock Inc. | Added | +3.9m |
| JPMORGAN CHASE & CO | Added | +3.5m |
| Turiya Advisors Asia Ltd | New | +3.2m |
| FIL Ltd | Added | +2.0m |
| ANTIPODES PARTNERS Ltd | Added | +1.5m |
| Artisan Partners Limited Partnership | Added | +1.4m |
Biggest sellers
| CoreView Capital Management Ltd | Reduced | -6.0m |
| Aspex Management (HK) Ltd | Sold out | -4.6m |
| Carmignac Gestion | Reduced | -4.0m |
| Assenagon Asset Management S.A. | Sold out | -3.4m |
| AXIOM INVESTORS LLC /DE | Sold out | -2.9m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -2.7m |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC | Reduced | -2.5m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Reduced | -1.8m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.6m |
| Capital International, Inc./CA/ | Sold out | -1.4m |
Biggest calls
| JANE STREET GROUP, LLC | Reduced | $71.4m5.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $40.4m2.9m shares |
| Walleye Trading LLC | Added | $30.7m2.2m shares |
| CITADEL ADVISORS LLC | Added | $25.2m1.8m shares |
| MAPLELANE CAPITAL, LLC | New | $23.4m1.7m shares |
| SIMPLEX TRADING, LLC | Added | $21.4m1.6m shares |
| PEAK6 Investments LLC | Reduced | $19.9m1.4m shares |
| Squarepoint Ops LLC | Added | $14.1m1.0m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $10.8m783.2k shares |
| D. E. Shaw & Co., Inc. | Added | $8.6m630.0k shares |
Biggest puts
| JANE STREET GROUP, LLC | Reduced | $71.4m5.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $23.1m1.7m shares |
| CITADEL ADVISORS LLC | Added | $9.8m716.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.8m640.1k shares |
| Squarepoint Ops LLC | Reduced | $5.8m422.8k shares |
| Walleye Trading LLC | Reduced | $5.5m398.1k shares |
| PEAK6 Investments LLC | Reduced | $3.9m283.2k shares |
| GROUP ONE TRADING LLC | Reduced | $2.9m208.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $2.3m168.1k shares |
| Capital Markets Trading UK LLP | Added | $2.2m158.0k 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 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 | 46.6m $639.9m | Added +12.5m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 38.4m $526.7m | Added +4.7m |
| BlackRock Inc. 0.01% of their portfolio | 33.3m $457.3m | Added +3.9m |
| HHLR ADVISORS, LTD. 8.70% of their portfolio | 29.2m $400.7m | Reduced -42.7k |
| VANGUARD GROUP INC 0.01% of their portfolio | 25.3m $347.0m | Reduced -350.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 16.1m $221.2m | Reduced -2.7m |
| Krane Funds Advisors LLC 8.95% of their portfolio | 15.2m $217.9m | Added +422.3k |
| Capital World Investors 0.03% of their portfolio | 14.7m $201.4m | Added +804.8k |
| ALKEON CAPITAL MANAGEMENT LLC 0.84% of their portfolio | 11.1m $152.9m | Unchanged |
| STATE STREET CORP 0.01% of their portfolio | 10.9m $150.3m | Reduced -42.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 10.4m $142.6m | Added +3.5m |
| CoreView Capital Management Ltd 19.37% of their portfolio | 10.1m $138.5m | Reduced -6.0m |
| M&G PLC 0.81% of their portfolio | 9.7m $135.9m | First filing |
| HCEP Management Ltd 22.63% of their portfolio | 8.8m $120.4m | Reduced -202.2k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 8.7m $119.3m | Reduced -1.6m |
| FIL Ltd 0.11% of their portfolio | 8.4m $115.1m | Added +2.0m |
| NORGES BANK 0.02% of their portfolio | 8.3m $113.5m | Added +5.6m |
| RENAISSANCE TECHNOLOGIES LLC 0.18% of their portfolio | 8.1m $111.8m | Reduced -568.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.11% of their portfolio | 6.7m $92.1m | Added +1.2m |
| Artisan Partners Limited Partnership 0.13% of their portfolio | 6.5m $89.5m | Added +1.4m |
| Davis Selected Advisers 0.46% of their portfolio | 6.0m $82.5m | Added +1.3m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.7m $78.7m | Added +4.6m |
| VIKING GLOBAL INVESTORS LP 0.27% of their portfolio | 5.2m $72.0m | Reduced -38.5k |
| E Fund Management Co., Ltd. 4.27% of their portfolio | 5.0m $68.9m | Reduced -27.8k |
| SC US (TTGP), LTD. 0.50% of their portfolio | 4.9m $67.7m | Reduced -548.2k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.38% of their portfolio | 4.7m $65.1m | Reduced -17.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 4.5m $61.4m | Reduced -214.3k |
| HSG Holding Ltd 5.49% of their portfolio | 4.4m $59.4m | Reduced -484.8k |
| FMR LLC 0.00% of their portfolio | 4.3m $59.3m | Added +201.7k |
| Legal & General Group Plc 0.02% of their portfolio | 4.2m $58.0m | Reduced -139.1k |
| COATUE MANAGEMENT LLC 0.20% of their portfolio | 3.8m $52.2m | Reduced -1.2m |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 9.95% of their portfolio | 3.7m $50.5m | Reduced -2.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.6m $49.2m | Added +204.2k |
| Turiya Advisors Asia Ltd 12.53% of their portfolio | 3.2m $44.6m | New |
| Ninety One UK Ltd 0.11% of their portfolio | 3.0m $40.7m | Added +79.6k |
| MARSHALL WACE, LLP 0.06% of their portfolio | 2.6m $35.3m | Reduced -158.4k |
| Baird Financial Group, Inc. 0.07% of their portfolio | 2.4m $32.7m | Added +1.1m |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 2.4m $32.6m | Added +1.2m |
| INDUS CAPITAL PARTNERS, LLC 18.40% of their portfolio | 2.2m $29.6m | Unchanged |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 2.0m $27.7m | Added +82.5k |
| Robeco Institutional Asset Management B.V. 0.06% of their portfolio | 1.9m $26.5m | Reduced -5.6k |
| Squarepoint Ops LLC 0.11% of their portfolio | 1.9m $25.7m | Added +213.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 1.8m $25.1m | Added +527.4k |
| APPALOOSA LP 0.35% of their portfolio | 1.7m $23.4m | Unchanged |
| TYBOURNE CAPITAL MANAGEMENT (HK) LTD 3.96% of their portfolio | 1.7m $23.2m | Reduced -273.9k |
| Allianz Asset Management GmbH 0.04% of their portfolio | 1.7m $23.0m | Reduced -52.4k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 1.7m $22.8m | Added +88.4k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 1.6m $22.5m | Added +172.0k |
| Verition Fund Management LLC 0.20% of their portfolio | 1.5m $21.2m | Added +1.0m |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 1.5m $20.8m | Reduced -19.7k |
| SYLEBRA CAPITAL LLC 0.69% of their portfolio | 1.5m $20.7m | Added +12.0k |
| ANTIPODES PARTNERS Ltd 0.65% of their portfolio | 1.5m $20.5m | Added +1.5m |
| Man Group plc 0.05% of their portfolio | 1.5m $20.2m | Reduced -314.8k |
| Swiss National Bank 0.01% of their portfolio | 1.5m $20.2m | Reduced -3.4k |
| UBS Group AG 0.01% of their portfolio | 1.5m $20.2m | Added +279.0k |
| BAILLIE GIFFORD & CO 0.02% of their portfolio | 1.5m $20.1m | Reduced -90.7k |
| NS Partners Ltd 0.87% of their portfolio | 1.4m $18.8m | Reduced -72.9k |
| Ninety One North America, Inc. 0.90% of their portfolio | 1.3m $18.5m | Added +28.4k |
| Blue Creek Capital Management Ltd 13.49% of their portfolio | 1.3m $18.2m | Reduced -125.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.3m $17.4m | Reduced -68.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $17.0m | Added +123.1k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.12% of their portfolio | 1.2m $17.0m | Added +159.7k |
| Alberta Investment Management Corp 0.17% of their portfolio | 1.2m $16.8m | Added +382.4k |
| MY.Alpha Management HK Advisors Ltd 6.20% of their portfolio | 1.2m $16.5m | New |
| Perseverance Asset Management International 2.95% of their portfolio | 1.2m $16.3m | Added +802.3k |
| TB Alternative Assets Ltd. 4.02% of their portfolio | 1.2m $16.0m | Reduced -1.0m |
| California Public Employees Retirement System 0.01% of their portfolio | 1.1m $14.9m | Reduced -47.5k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.1m $14.4m | Reduced -267.7k |
| CAPITAL FUND MANAGEMENT S.A. 0.17% of their portfolio | 1.0m $14.3m | Reduced -288.2k |
| OVERSEA-CHINESE BANKING Corp Ltd 0.45% of their portfolio | 1.0m $14.1m | Added +39.7k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 1.0m $13.8m | Added +16.1k |
| Carmignac Gestion 0.21% of their portfolio | 984.0k $13.5m | Reduced -4.0m |
| NAN FUNG TRINITY (HK) LTD 3.05% of their portfolio | 977.9k $13.4m | Added +244.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 971.3k $13.3m | Reduced -457.8k |
| Pertento Partners LLP 2.68% of their portfolio | 969.3k $13.3m | Reduced -25.1k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 955.7k $13.1m | Added +217.4k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 945.5k $13.0m | Reduced -319.2k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 912.5k $12.5m | Added +458.5k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 910.3k $12.5m | Added +54.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio | 863.4k $11.9m | Reduced -1.8m |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 862.6k $11.8m | Reduced -9.9k |
| BARCLAYS PLC 0.01% of their portfolio | 845.6k $11.6m | Reduced -211.6k |
| Bridgewater Associates, LP 0.06% of their portfolio | 833.5k $11.4m | Reduced -514.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 789.2k $10.8m | Reduced -29.3k |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 738.9k $10.1m | Reduced -358.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 736.7k $10.1m | Reduced -323.0k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.06% of their portfolio | 734.9k $10.1m | Added +18.0k |
| Invesco Ltd. 0.00% of their portfolio | 723.9k $9.9m | Added +89.0k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 719.2k $9.9m | Reduced -921.1k |
| Point72 Hong Kong Ltd 0.49% of their portfolio | 710.2k $9.8m | Added +508.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 703.4k $9.7m | Reduced -1.3m |
| Harvest Fund Management Co., Ltd 0.86% of their portfolio | 700.7k $9.6m | Reduced -6.5k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 700.0k $9.6m | Added +4.6k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 695.5k $9.5m | Reduced -479.9k |
| Skandinaviska Enskilda Banken AB (publ) 0.05% of their portfolio | 690.4k $9.5m | Reduced -167.9k |
| 53 HOUSE LLP 2.35% of their portfolio | 667.9k $9.2m | Reduced -56.4k |
| WFM ASIA (BVI) Ltd 1.28% of their portfolio | 659.0k $9.0m | Unchanged |
| Alpine Investment Management Ltd 2.94% of their portfolio | 650.0k $8.9m | New |
| KBC Group NV 0.03% of their portfolio | 647.4k $8.9m | Reduced -47.9k |
| AI-Squared Management Ltd 8.07% of their portfolio | 638.8k $8.8m | Reduced -48.0k |