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 ($10.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.92. Options: 27 managers hold calls ($584.0m notional), 20 hold puts ($158.0m).
Trends to Q3 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 |
| Q2 2024 | 276 |
| Q3 2024 | 289 |
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 |
| Q2 2024 | 151 | 132 |
| Q3 2024 | 133 | 150 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $309.8m | $263.3m | 0.85 |
| Q1 2024 | $298.9m | $144.7m | 0.48 |
| Q2 2024 | $263.7m | $117.2m | 0.44 |
| Q3 2024 | $584.0m | $158.0m | 0.27 |
Biggest buyers
| FIL Ltd | Added | +5.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +4.3m |
| MARSHALL WACE, LLP | Added | +2.5m |
| Driehaus Capital Management LLC | Added | +2.4m |
| Cederberg Capital Ltd | New | +2.3m |
| Assenagon Asset Management S.A. | Added | +2.2m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.8m |
| GOLDMAN SACHS GROUP INC | Added | +1.8m |
| Polar Capital Holdings Plc | Added | +1.7m |
| UBS Group AG | Added | +1.6m |
Biggest sellers
| GQG Partners LLC | Sold out | -13.0m |
| HHLR ADVISORS, LTD. | Reduced | -12.3m |
| RWC ASSET ADVISORS (US) LLC | Sold out | -5.0m |
| MORGAN STANLEY | Reduced | -4.4m |
| HCEP Management Ltd | Reduced | -2.2m |
| Artisan Partners Limited Partnership | Reduced | -1.7m |
| TYBOURNE CAPITAL MANAGEMENT (HK) LTD | Sold out | -1.7m |
| Turiya Advisors Asia Ltd | Reduced | -1.6m |
| Carrhae Capital LLP | Sold out | -1.3m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Sold out | -1.1m |
Biggest calls
| JANE STREET GROUP, LLC | Added | $123.7m6.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $73.0m3.7m shares |
| Parallax Volatility Advisers, L.P. | Added | $57.6m2.9m shares |
| PEAK6 Investments LLC | Added | $46.1m2.3m shares |
| Squarepoint Ops LLC | Added | $44.5m2.2m shares |
| Brevan Howard Capital Management LP | New | $29.9m1.5m shares |
| NOMURA HOLDINGS INC | Reduced | $25.0m1.3m shares |
| UBS Group AG | Added | $20.3m1.0m shares |
| IMC-Chicago, LLC | Added | $18.7m939.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $18.6m936.5k shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | Reduced | $72.8m3.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $15.9m799.5k shares |
| Squarepoint Ops LLC | Reduced | $15.0m751.2k shares |
| CITADEL ADVISORS LLC | Reduced | $9.5m477.3k shares |
| Walleye Trading LLC | Added | $9.1m454.7k shares |
| JANE STREET GROUP, LLC | Added | $7.2m359.4k shares |
| Capital Markets Trading UK LLP | Added | $6.0m302.9k shares |
| SIMPLEX TRADING, LLC | Added | $4.5m226.7k shares |
| IMC-Chicago, LLC | Added | $4.1m205.5k shares |
| PEAK6 Investments LLC | Reduced | $4.0m199.5k 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 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 Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ 0.10% of their portfolio | 44.3m $881.5m | Added +1.1m |
| BlackRock, Inc. 0.02% of their portfolio | 38.7m $770.1m | First filing |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 32.8m $652.7m | Reduced -28.7k |
| VANGUARD GROUP INC 0.01% of their portfolio | 24.5m $487.5m | Reduced -832.0k |
| FIL Ltd 0.39% of their portfolio | 21.3m $425.0m | Added +5.4m |
| Krane Funds Advisors LLC 10.79% of their portfolio | 15.1m $300.0m | Reduced -871.9k |
| MORGAN STANLEY 0.02% of their portfolio | 13.7m $272.9m | Reduced -4.4m |
| Capital World Investors 0.04% of their portfolio | 13.2m $262.9m | Added +37.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio | 13.1m $260.5m | Reduced -585.9k |
| ALKEON CAPITAL MANAGEMENT LLC 1.20% of their portfolio | 11.0m $219.5m | Reduced -111.4k |
| HHLR ADVISORS, LTD. 4.75% of their portfolio | 10.9m $216.4m | Reduced -12.3m |
| STATE STREET CORP 0.01% of their portfolio | 10.7m $213.8m | Reduced -37.0k |
| M&G PLC 1.03% of their portfolio | 10.1m $201.8m | Added +1.4m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.20% of their portfolio | 9.5m $190.4m | Reduced -361.3k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 8.6m $171.6m | Added +1.8m |
| RENAISSANCE TECHNOLOGIES LLC 0.24% of their portfolio | 8.0m $158.5m | Added +440.1k |
| NORGES BANK 0.02% of their portfolio | 6.6m $132.4m | Added +327.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 6.5m $129.0m | Added +4.3m |
| Davis Selected Advisers 0.66% of their portfolio | 5.9m $117.1m | Reduced -114.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.5m $109.5m | Reduced -263.8k |
| CoreView Capital Management Ltd 12.20% of their portfolio | 5.1m $101.8m | Added +515.2k |
| Slate Path Capital LP 1.64% of their portfolio | 4.9m $97.6m | Unchanged |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.52% of their portfolio | 4.7m $94.4m | Unchanged |
| ANTIPODES PARTNERS Ltd 3.21% of their portfolio | 4.6m $92.6m | Added +461.5k |
| Legal & General Group Plc 0.02% of their portfolio | 4.6m $91.4m | Added +4.0k |
| MARSHALL WACE, LLP 0.12% of their portfolio | 4.5m $89.8m | Added +2.5m |
| FMR LLC 0.01% of their portfolio | 4.3m $86.0m | Reduced -240.0k |
| Artisan Partners Limited Partnership 0.13% of their portfolio | 4.3m $85.9m | Reduced -1.7m |
| UBS Group AG 0.02% of their portfolio | 4.3m $85.0m | Added +1.6m |
| E Fund Management Co., Ltd. 4.23% of their portfolio | 4.1m $82.4m | Reduced -35.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.8m $74.3m | Added +44.8k |
| HCEP Management Ltd 26.40% of their portfolio | 3.6m $72.4m | Reduced -2.2m |
| Ninety One UK Ltd 0.19% of their portfolio | 3.5m $70.6m | Reduced -164.9k |
| Perseverance Asset Management International 8.14% of their portfolio | 3.5m $70.6m | Added +1.3m |
| Turiya Advisors Asia Ltd 44.68% of their portfolio | 3.4m $68.2m | Reduced -1.6m |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 3.3m $66.0m | Added +1.1m |
| SC US (TTGP), LTD. 0.48% of their portfolio | 3.3m $65.5m | Reduced -822.4k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 3.0m $59.7m | Added +1.8m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 2.9m $58.0m | Reduced -444.7k |
| HSG Holding Ltd 2.31% of their portfolio | 2.9m $59.7m | Reduced -727.1k |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 9.26% of their portfolio | 2.8m $56.2m | Added +453.7k |
| Baird Financial Group, Inc. 0.11% of their portfolio | 2.7m $54.2m | Added +235.0k |
| Driehaus Capital Management LLC 0.42% of their portfolio | 2.4m $48.4m | Added +2.4m |
| Allianz Asset Management GmbH 0.07% of their portfolio | 2.4m $47.1m | Reduced -91.5k |
| Assenagon Asset Management S.A. 0.10% of their portfolio | 2.4m $46.9m | Added +2.2m |
| Cederberg Capital Ltd 11.89% of their portfolio | 2.3m $45.9m | New |
| APPALOOSA LP 0.64% of their portfolio | 2.2m $43.3m | Added +90.0k |
| INDUS CAPITAL PARTNERS, LLC 27.91% of their portfolio | 2.1m $41.7m | Reduced -9.2k |
| Polar Capital Holdings Plc 0.20% of their portfolio | 1.7m $34.8m | Added +1.7m |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.6m $32.4m | Added +2.9k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 1.6m $31.9m | Added +24.2k |
| Ninety One North America, Inc. 2.17% of their portfolio | 1.6m $31.9m | Reduced -85.7k |
| Man Group plc 0.09% of their portfolio | 1.6m $31.7m | Reduced -647.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 1.6m $31.5m | Added +76.5k |
| COATUE MANAGEMENT LLC 0.12% of their portfolio | 1.6m $31.0m | Reduced -322.4k |
| BARINGS LLC 0.69% of their portfolio | 1.5m $29.5m | New |
| Swiss National Bank 0.02% of their portfolio | 1.5m $29.2m | Added +100 |
| Pertento Partners LLP 3.54% of their portfolio | 1.5m $29.1m | Unchanged |
| LORD, ABBETT & CO. LLC 0.09% of their portfolio | 1.5m $29.0m | New |
| BAILLIE GIFFORD & CO 0.02% of their portfolio | 1.4m $28.7m | Reduced -2.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.3m $26.3m | Reduced -99.0k |
| SRS Investment Management, LLC 0.39% of their portfolio | 1.3m $26.2m | New |
| SYLEBRA CAPITAL LLC 0.82% of their portfolio | 1.2m $24.8m | Reduced -6.5k |
| Pictet Asset Management Holding SA 0.03% of their portfolio | 1.2m $24.0m | Added +93.2k |
| Robeco Institutional Asset Management B.V. 0.05% of their portfolio | 1.2m $23.4m | Reduced -270.0k |
| Alberta Investment Management Corp 0.20% of their portfolio | 1.1m $22.8m | Reduced -269.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.1m $21.8m | Added +50.9k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.05% of their portfolio | 1.1m $20.9m | Reduced -26.7k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.0m $20.6m | Added +107.7k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 1.0m $20.5m | Added +1.6k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 1.0m $20.2m | Reduced -266.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 994.5k $19.8m | Added +103.7k |
| LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio | 973.3k $19.4m | Added +62.6k |
| Greenwoods Asset Management Hong Kong Ltd. 0.61% of their portfolio | 960.7k $19.1m | Added +179.8k |
| California Public Employees Retirement System 0.01% of their portfolio | 937.5k $18.7m | Reduced -75.2k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 934.0k $18.6m | Reduced -5.0k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 860.9k $17.1m | Added +16.6k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 830.0k $16.5m | Reduced -366.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 802.0k $16.0m | Added +59.8k |
| Rovida Advisors Inc. 5.01% of their portfolio | 800.0k $15.9m | Unchanged |
| BARCLAYS PLC 0.01% of their portfolio | 790.5k $15.7m | Reduced -203.5k |
| Blue Creek Capital Management Ltd 13.60% of their portfolio | 721.6k $14.4m | First filing |
| Pinpoint Asset Management Ltd 3.06% of their portfolio | 715.7k $14.2m | Added +283.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.07% of their portfolio | 704.1k $14.0m | New |
| Harvest Fund Management Co., Ltd 0.83% of their portfolio | 701.2k $14.0m | Added +4.6k |
| UG Investment Advisers Ltd. 5.09% of their portfolio | 680.8k $13.6m | New |
| Y-Intercept (Hong Kong) Ltd 0.83% of their portfolio | 680.1k $13.5m | New |
| MY.Alpha Management HK Advisors Ltd 4.69% of their portfolio | 659.6k $13.1m | Reduced -198.7k |
| Oxbow Capital Management (HK) Ltd 5.58% of their portfolio | 658.0k $13.1m | Reduced -9.9k |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 652.6k $13.5m | Reduced -66.9k |
| Bridgewater Associates, LP 0.07% of their portfolio | 642.0k $12.8m | Reduced -6.0k |
| TB Alternative Assets Ltd. 2.98% of their portfolio | 630.2k $12.5m | Reduced -459.6k |
| Korea Investment CORP 0.03% of their portfolio | 595.2k $11.9m | Added +116.0k |
| Aberdeen Group plc 0.02% of their portfolio | 591.8k $11.9m | Added +116.4k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 590.1k $13.2m | Added +387.6k |
| Invesco Ltd. 0.00% of their portfolio | 589.2k $11.7m | Reduced -23.1k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 576.1k $11.5m | Reduced -141.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 568.9k $11.3m | Added +100.3k |
| Squarepoint Ops LLC 0.04% of their portfolio | 564.7k $11.2m | Reduced -136.8k |
| Taikang Asset Management (Hong Kong) Co Ltd 1.12% of their portfolio | 532.2k $10.6m | Added +417.8k |