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 ($9.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.40. Options: 29 managers hold calls ($552.3m notional), 24 hold puts ($334.8m).
Trends to Q4 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 |
| Q4 2024 | 303 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 159 | 147 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $298.9m | $144.7m | 0.48 |
| Q2 2024 | $263.7m | $117.2m | 0.44 |
| Q3 2024 | $584.0m | $158.0m | 0.27 |
| Q4 2024 | $552.3m | $334.8m | 0.61 |
Biggest buyers
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +11.2m |
| Aspex Management (HK) Ltd | New | +6.5m |
| Nuveen Asset Management, LLC | Added | +4.7m |
| FIL Ltd | Added | +4.5m |
| FEDERATED HERMES, INC. | Added | +2.5m |
| BNP PARIBAS FINANCIAL MARKETS | New | +2.4m |
| NORTHERN TRUST CORP | Added | +2.4m |
| Qube Research & Technologies Ltd | Added | +2.4m |
| WT Asset Management Ltd | Added | +2.2m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | New | +1.8m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -17.0m |
| ALKEON CAPITAL MANAGEMENT LLC | Reduced | -6.0m |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | Sold out | -4.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -4.6m |
| BANK OF AMERICA CORP /DE/ | Reduced | -3.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -3.8m |
| HCEP Management Ltd | Sold out | -3.6m |
| Davis Selected Advisers | Reduced | -2.2m |
| Capital World Investors | Reduced | -2.2m |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC | Reduced | -1.9m |
Biggest calls
| JANE STREET GROUP, LLC | Added | $162.0m8.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $66.5m3.6m shares |
| Parallax Volatility Advisers, L.P. | Reduced | $48.6m2.6m shares |
| PEAK6 LLC | First filing | $42.9m2.3m shares |
| Squarepoint Ops LLC | Reduced | $28.7m1.6m shares |
| NOMURA HOLDINGS INC | Unchanged | $23.1m1.3m shares |
| UBS Group AG | Added | $21.9m1.2m shares |
| SIMPLEX TRADING, LLC | Added | $18.7m1.0m shares |
| GROUP ONE TRADING LLC | Added | $18.6m1.0m shares |
| CITADEL ADVISORS LLC | Added | $18.5m1.0m shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | Added | $140.3m7.6m shares |
| UBS Group AG | Added | $34.0m1.8m shares |
| Alpine Investment Management Ltd | New | $27.6m15.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $23.5m1.3m shares |
| CITADEL ADVISORS LLC | Added | $18.0m978.4k shares |
| SIMPLEX TRADING, LLC | Added | $13.7m742.3k shares |
| Squarepoint Ops LLC | Reduced | $12.2m661.0k shares |
| JANE STREET GROUP, LLC | Added | $11.8m638.5k shares |
| PEAK6 LLC | First filing | $9.4m510.5k shares |
| Walleye Trading LLC | Reduced | $7.6m413.0k 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 Q4 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 Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ 0.09% of their portfolio | 40.5m $745.6m | Reduced -3.8m |
| BlackRock, Inc. 0.01% of their portfolio | 38.0m $699.5m | Reduced -701.8k |
| FIL Ltd 0.45% of their portfolio | 25.8m $476.1m | Added +4.5m |
| VANGUARD GROUP INC 0.01% of their portfolio | 24.4m $449.7m | Reduced -71.0k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 15.8m $291.2m | Reduced -17.0m |
| MORGAN STANLEY 0.02% of their portfolio | 15.1m $277.6m | Added +1.4m |
| Krane Funds Advisors LLC 9.96% of their portfolio | 13.2m $243.3m | Reduced -1.9m |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 12.0m $221.6m | Reduced -1.1m |
| HHLR ADVISORS, LTD. 7.18% of their portfolio | 11.3m $207.4m | Added +392.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.20% of their portfolio | 11.2m $206.0m | Added +11.2m |
| Capital World Investors 0.03% of their portfolio | 11.0m $203.5m | Reduced -2.2m |
| STATE STREET CORP 0.01% of their portfolio | 10.6m $194.5m | Reduced -178.4k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 9.1m $168.4m | Added +526.2k |
| M&G PLC 1.00% of their portfolio | 9.0m $162.4m | Reduced -1.1m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.16% of their portfolio | 8.9m $164.0m | Reduced -620.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.22% of their portfolio | 8.2m $150.2m | Added +194.8k |
| NORGES BANK 0.02% of their portfolio | 7.1m $130.2m | Added +418.0k |
| Aspex Management (HK) Ltd 3.24% of their portfolio | 6.5m $120.0m | New |
| FMR LLC 0.01% of their portfolio | 6.0m $111.0m | Added +1.7m |
| Nuveen Asset Management, LLC 0.03% of their portfolio | 5.6m $103.9m | Added +4.7m |
| ANTIPODES PARTNERS Ltd 3.27% of their portfolio | 5.1m $94.2m | Added +462.4k |
| ALKEON CAPITAL MANAGEMENT LLC 0.54% of their portfolio | 5.0m $92.6m | Reduced -6.0m |
| H Capital V GP, L.P. 100.00% of their portfolio | 4.9m $91.1m | First filing |
| Slate Path Capital LP 1.63% of their portfolio | 4.9m $90.3m | Unchanged |
| MARSHALL WACE, LLP 0.11% of their portfolio | 4.6m $85.5m | Added +135.4k |
| Perseverance Asset Management International 11.48% of their portfolio | 4.6m $85.2m | Added +1.1m |
| Legal & General Group Plc 0.02% of their portfolio | 4.3m $79.4m | Reduced -282.8k |
| E Fund Management Co., Ltd. 3.97% of their portfolio | 4.3m $79.1m | Added +154.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.9m $70.6m | Added +92.0k |
| CoreView Capital Management Ltd 7.32% of their portfolio | 3.8m $70.3m | Reduced -1.3m |
| UBS Group AG 0.02% of their portfolio | 3.7m $69.0m | Reduced -520.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 3.7m $68.1m | Added +2.4m |
| Davis Selected Advisers 0.39% of their portfolio | 3.6m $67.2m | Reduced -2.2m |
| Ninety One UK Ltd 0.18% of their portfolio | 3.6m $66.5m | Added +62.3k |
| Driehaus Capital Management LLC 0.54% of their portfolio | 3.6m $65.9m | Added +1.1m |
| Artisan Partners Limited Partnership 0.10% of their portfolio | 3.5m $64.5m | Reduced -812.8k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 3.4m $63.4m | Added +121.9k |
| Assenagon Asset Management S.A. 0.11% of their portfolio | 3.2m $59.2m | Added +858.2k |
| Turiya Advisors Asia Ltd 73.31% of their portfolio | 2.9m $53.2m | Reduced -537.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 2.8m $51.8m | Reduced -98.4k |
| Baird Financial Group, Inc. 0.10% of their portfolio | 2.8m $51.6m | Added +77.8k |
| JENNISON ASSOCIATES LLC 0.03% of their portfolio | 2.8m $50.9m | Added +1.2m |
| Qube Research & Technologies Ltd 0.08% of their portfolio | 2.6m $48.5m | Added +2.4m |
| APPALOOSA LP 0.73% of their portfolio | 2.6m $47.4m | Added +399.1k |
| FEDERATED HERMES, INC. 0.10% of their portfolio | 2.5m $46.3m | Added +2.5m |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 2.4m $44.7m | New |
| Cederberg Capital Ltd 14.95% of their portfolio | 2.4m $44.0m | Added +86.5k |
| WT Asset Management Ltd 4.73% of their portfolio | 2.3m $42.9m | Added +2.2m |
| Polar Capital Holdings Plc 0.24% of their portfolio | 2.3m $42.6m | Added +567.5k |
| SC US (TTGP), LTD. 0.33% of their portfolio | 2.2m $40.4m | Reduced -1.1m |
| GF FUND MANAGEMENT CO. LTD. 0.81% of their portfolio | 2.0m $37.5m | First filing |
| INDUS CAPITAL PARTNERS, LLC 26.87% of their portfolio | 2.0m $37.4m | Reduced -65.7k |
| HSG Holding Ltd 1.35% of their portfolio | 1.9m $32.8m | Reduced -969.5k |
| Allianz Asset Management GmbH 0.05% of their portfolio | 1.9m $34.5m | Reduced -488.1k |
| CITIGROUP INC 0.03% of their portfolio | 1.8m $33.8m | Added +1.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.8m $33.8m | Reduced -4.6m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.07% of their portfolio | 1.8m $33.3m | New |
| Carrhae Capital LLP 3.80% of their portfolio | 1.7m $32.2m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.6m $30.2m | Reduced -3.9m |
| Triata Capital Ltd 12.49% of their portfolio | 1.6m $30.2m | First filing |
| Pertento Partners LLP 3.10% of their portfolio | 1.6m $30.1m | Added +172.2k |
| Ninety One North America, Inc. 1.84% of their portfolio | 1.6m $29.8m | Added +12.1k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.6m $29.7m | Reduced -12.3k |
| Oxbow Capital Management (HK) Ltd 10.46% of their portfolio | 1.6m $29.5m | Added +942.0k |
| Man Group plc 0.08% of their portfolio | 1.5m $26.8m | Reduced -135.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 1.5m $26.8m | Reduced -131.1k |
| Swiss National Bank 0.02% of their portfolio | 1.4m $26.7m | Reduced -19.2k |
| Nishkama Capital, LLC 4.25% of their portfolio | 1.4m $26.0m | Added +958.2k |
| BARCLAYS PLC 0.01% of their portfolio | 1.4m $25.4m | Added +585.8k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.4m $25.0m | Reduced -1.6m |
| Pictet Asset Management Holding SA 0.03% of their portfolio | 1.4m $25.0m | Added +153.6k |
| APG Asset Management N.V. 0.07% of their portfolio | 1.4m $24.1m | Added +1.3m |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.3m $24.6m | Added +956.5k |
| BAILLIE GIFFORD & CO 0.02% of their portfolio | 1.3m $24.3m | Reduced -124.6k |
| Robeco Institutional Asset Management B.V. 0.04% of their portfolio | 1.3m $23.5m | Added +99.7k |
| BARINGS LLC 0.54% of their portfolio | 1.2m $22.8m | Reduced -245.2k |
| COATUE MANAGEMENT LLC 0.08% of their portfolio | 1.2m $22.7m | Reduced -323.7k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.05% of their portfolio | 1.2m $21.2m | Added +982.0k |
| SYLEBRA CAPITAL LLC 0.78% of their portfolio | 1.1m $20.8m | Reduced -119.2k |
| UG Investment Advisers Ltd. 7.87% of their portfolio | 1.1m $20.1m | Added +410.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.1m $19.8m | Added +82.9k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 1.0m $19.0m | Added +119 |
| Alberta Investment Management Corp 0.13% of their portfolio | 1.0m $19.0m | Reduced -112.5k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.0m $19.0m | Reduced -2.3k |
| LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio | 1.0m $18.4m | Added +27.2k |
| C WorldWide Group Holding A/S 0.22% of their portfolio | 969.7k $17.9m | Added +934.3k |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 3.59% of their portfolio | 954.6k $17.6m | Reduced -1.9m |
| Vontobel Holding Ltd. 0.06% of their portfolio | 944.7k $17.4m | Added +917.0k |
| Tiger Pacific Capital LP 4.63% of their portfolio | 940.2k $17.3m | New |
| California Public Employees Retirement System 0.01% of their portfolio | 866.1k $16.0m | Reduced -71.3k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 755.0k $13.9m | Reduced -105.9k |
| Squarepoint Ops LLC 0.03% of their portfolio | 739.4k $13.6m | Added +174.6k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 715.8k $13.2m | Reduced -296.3k |
| Verition Fund Management LLC 0.06% of their portfolio | 676.2k $12.5m | Added +340.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 653.8k $12.0m | Reduced -441.1k |
| NOMURA HOLDINGS INC 0.06% of their portfolio | 635.3k $11.7m | Added +565.8k |
| Bridgewater Associates, LP 0.05% of their portfolio | 623.5k $11.5m | Reduced -18.5k |
| Aberdeen Group plc 0.02% of their portfolio | 619.4k $11.5m | Added +27.5k |
| Harvest Fund Management Co., Ltd 0.53% of their portfolio | 618.8k $11.4m | Reduced -82.4k |
| Taikang Asset Management (Hong Kong) Co Ltd 1.63% of their portfolio | 603.7k $11.1m | Added +71.5k |