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 ($8.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $16.12. Options: 21 managers hold calls ($354.7m notional), 23 hold puts ($162.8m).
Trends to Q4 2025
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 |
| Q1 2025 | 308 |
| Q2 2025 | 259 |
| Q3 2025 | 242 |
| Q4 2025 | 224 |
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 2024 | 122 | 154 |
| Q2 2024 | 151 | 132 |
| Q3 2024 | 133 | 150 |
| Q4 2024 | 159 | 147 |
| Q1 2025 | 170 | 148 |
| Q2 2025 | 114 | 191 |
| Q3 2025 | 105 | 164 |
| Q4 2025 | 97 | 137 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $549.2m | $301.5m | 0.55 |
| Q2 2025 | $438.4m | $234.5m | 0.53 |
| Q3 2025 | $518.7m | $182.5m | 0.35 |
| Q4 2025 | $354.7m | $162.8m | 0.46 |
Biggest buyers
| Amundi | New | +1.4m |
| Allspring Global Investments Holdings, LLC | Added | +1.2m |
| Mitsubishi UFJ Trust & Banking Corp | Added | +934.8k |
| Temasek Holdings (Private) Ltd | Added | +881.5k |
| Baird Financial Group, Inc. | Added | +838.1k |
| CITADEL ADVISORS LLC | Added | +583.7k |
| Assenagon Asset Management S.A. | Added | +577.3k |
| Perseverance Asset Management International | Added | +495.6k |
| BlackRock, Inc. | Added | +391.8k |
| HRT FINANCIAL LP | New | +353.3k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -8.1m |
| GOLDMAN SACHS GROUP INC | Reduced | -4.4m |
| BANK OF AMERICA CORP /DE/ | Reduced | -2.9m |
| Artisan Partners Limited Partnership | Reduced | -2.9m |
| Ghisallo Capital Management LLC | Sold out | -2.5m |
| MORGAN STANLEY | Reduced | -2.3m |
| JANE STREET GROUP, LLC | Reduced | -2.3m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -2.0m |
| Greenwoods Asset Management Hong Kong Ltd. | Reduced | -1.9m |
| BAMCO INC /NY/ | Sold out | -1.8m |
Biggest calls
| JANE STREET GROUP, LLC | Reduced | $152.5m9.7m shares |
| Walleye Trading LLC | Reduced | $31.9m2.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $29.7m1.9m shares |
| PEAK6 LLC | Reduced | $29.7m1.9m shares |
| UBS Group AG | Reduced | $17.3m1.1m shares |
| GROUP ONE TRADING LLC | Added | $17.1m1.1m shares |
| SIMPLEX TRADING, LLC | Reduced | $11.9m757.9k shares |
| Capital Markets Trading UK LLP | Added | $11.6m734.8k shares |
| Schonfeld Strategic Advisors LLC | Unchanged | $7.9m500.0k shares |
| CITADEL ADVISORS LLC | Reduced | $7.6m484.0k shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | Added | $58.3m3.7m shares |
| UBS Group AG | Added | $40.2m2.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $16.0m1.0m shares |
| PEAK6 LLC | Reduced | $6.6m415.8k shares |
| Capital Markets Trading UK LLP | Added | $6.2m392.6k shares |
| Walleye Trading LLC | Reduced | $6.0m382.4k shares |
| CITIGROUP INC | Reduced | $3.8m240.0k shares |
| IMC-Chicago, LLC | Added | $3.2m202.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $2.9m185.4k shares |
| GROUP ONE TRADING LLC | Reduced | $2.8m176.7k 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 2025
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 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 25.8m $405.8m | Reduced -803.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 12.2m $191.9m | Reduced -1.4m |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 10.1m $159.9m | Reduced -2.0m |
| NORGES BANK 0.01% of their portfolio | 7.2m $112.8m | Not comparable |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 6.7m $105.2m | Reduced -8.1m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.07% of their portfolio | 5.7m $89.8m | Reduced -11.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.13% of their portfolio | 5.4m $85.2m | Reduced -1.4m |
| MORGAN STANLEY 0.00% of their portfolio | 5.2m $82.6m | Reduced -2.3m |
| H Capital V GP, L.P. 100.00% of their portfolio | 4.9m $78.0m | Unchanged |
| Artisan Partners Limited Partnership 0.11% of their portfolio | 4.6m $72.8m | Reduced -2.9m |
| Baird Financial Group, Inc. 0.11% of their portfolio | 4.3m $67.5m | Added +838.1k |
| HHLR ADVISORS, LTD. 2.15% of their portfolio | 4.2m $66.8m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 3.5m $55.8m | Reduced -462.8k |
| Nuveen, LLC 0.01% of their portfolio | 3.4m $52.9m | Reduced -312.4k |
| Legal & General Group Plc 0.01% of their portfolio | 3.3m $51.6m | Reduced -1.1m |
| FIL Ltd 0.04% of their portfolio | 3.2m $50.3m | Reduced -22.1k |
| CoreView Capital Management Ltd 6.20% of their portfolio | 3.1m $49.2m | Reduced -207.4k |
| Temasek Holdings (Private) Ltd 0.15% of their portfolio | 3.0m $48.0m | Added +881.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.9m $45.6m | Reduced -4.4m |
| Mitsubishi UFJ Trust & Banking Corp 0.10% of their portfolio | 2.7m $42.2m | Added +934.8k |
| Allspring Global Investments Holdings, LLC 0.07% of their portfolio | 2.6m $41.7m | Added +1.2m |
| Athos Capital Ltd 15.31% of their portfolio | 2.4m $38.1m | Reduced -82.8k |
| SC US (TTGP), LTD. 0.25% of their portfolio | 2.2m $34.6m | Unchanged |
| UBS Group AG 0.01% of their portfolio | 2.0m $32.1m | Reduced -972.0k |
| Triata Capital Ltd 3.85% of their portfolio | 2.0m $31.8m | Unchanged |
| HSG Holding Ltd 4.79% of their portfolio | 1.9m $90.6m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 1.9m $29.5m | Added +391.8k |
| Davis Selected Advisers 0.13% of their portfolio | 1.9m $29.2m | Unchanged |
| Greenwoods Asset Management Hong Kong Ltd. 0.70% of their portfolio | 1.8m $28.3m | Reduced -1.9m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.7m $26.2m | Added +152.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio | 1.5m $23.3m | Reduced -417.6k |
| Amundi 0.01% of their portfolio | 1.4m $22.3m | New |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.4m $22.2m | Added +259.0k |
| Perseverance Asset Management International 2.67% of their portfolio | 1.2m $18.2m | Added +495.6k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.1m $17.9m | Unchanged |
| Oakum Bay Capital LLC 9.17% of their portfolio | 1.1m $17.7m | First filing |
| ALKEON CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 1.1m $17.2m | Reduced -1.1m |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 819.7k $12.9m | Added +583.7k |
| California Public Employees Retirement System 0.01% of their portfolio | 749.9k $11.8m | Reduced -68.3k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 699.1k $11.0m | Added +236.9k |
| DV EQUITIES, LLC 1.94% of their portfolio | 680.2k $10.7m | First filing |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 674.3k $10.6m | Added +14.4k |
| M&G PLC 0.05% of their portfolio | 654.8k $10.5m | Added +112.4k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 631.4k $10.0m | Added +577.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 561.2k $8.8m | Reduced -62.5k |
| Rovida Investment Management Ltd 1.18% of their portfolio | 550.0k $8.7m | Unchanged |
| AVIVA PLC 0.01% of their portfolio | 486.8k $7.7m | Reduced -13.1k |
| SG Americas Securities, LLC 0.01% of their portfolio | 484.6k $7.6m | Added +264.8k |
| Invesco Ltd. 0.00% of their portfolio | 481.3k $7.6m | Reduced -23.7k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 439.3k $6.9m | Reduced -2.3m |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.08% of their portfolio | 433.8k $6.8m | Added +110.3k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 425.0k $6.7m | Reduced -30.3k |
| XY Capital Ltd 6.80% of their portfolio | 424.7k $6.7m | Reduced -75.2k |
| FMR LLC 0.00% of their portfolio | 422.3k $6.7m | Added +149.7k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 400.2k $6.3m | Reduced -161.0k |
| CITIGROUP INC 0.00% of their portfolio | 362.5k $5.7m | Added +147.3k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 357.8k $5.6m | Added +106.4k |
| HRT FINANCIAL LP 0.02% of their portfolio | 353.3k $5.6m | New |
| ABN AMRO INVESTMENT SOLUTIONS 0.08% of their portfolio | 334.5k $5.3m | Added +213.1k |
| KBC Group NV 0.01% of their portfolio | 316.9k $5.0m | Reduced -35.7k |
| BAROMETER CAPITAL MANAGEMENT INC. 0.12% of their portfolio | 300.9k $481.4k | Added +293.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 297.1k $4.7m | Reduced -99.4k |
| PEAK6 LLC 0.06% of their portfolio | 290.1k $4.6m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 281.6k $4.4m | Reduced -37.8k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 273.3k $4.3m | New |
| LMR Partners LLP 0.04% of their portfolio | 271.2k $4.3m | Added +169.5k |
| Aberdeen Group plc 0.01% of their portfolio | 270.1k $4.3m | Reduced -13.0k |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 1.29% of their portfolio | 269.4k $4.2m | Reduced -460.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 250.4k $3.9m | Added +5.0k |
| Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio | 249.0k $3.9m | Reduced -183 |
| OLD MISSION CAPITAL LLC 0.12% of their portfolio | 196.5k $3.1m | New |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 188.1k $3.0m | Added +39.7k |
| HIMENSION CAPITAL (SINGAPORE) PTE. LTD. 0.18% of their portfolio | 180.3k $2.8m | Added +22.4k |
| Swedbank AB 0.00% of their portfolio | 168.9k $2.7m | Added +11.4k |
| KLP KAPITALFORVALTNING AS 0.01% of their portfolio | 166.1k $2.6m | Added +12.6k |
| Marex Group Ltd 0.03% of their portfolio | 150.0k $2.4m | Unchanged |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 145.7k $2.3m | Unchanged |
| Siren, L.L.C. 0.07% of their portfolio | 145.0k $2.3m | Unchanged |
| Mirabaud Asset Management Ltd 1.30% of their portfolio | 143.8k $2.8m | New |
| Union Bancaire Privee, UBP SA 0.02% of their portfolio | 136.0k $1.9m | Added +16.3k |
| Parallax Volatility Advisers, L.P. 0.06% of their portfolio | 132.3k $2.1m | Added +18.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 130.3k $2.1m | Reduced -2.9m |
| STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio | 128.4k $2.0m | Reduced -43.3k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.03% of their portfolio | 126.0k $2.0m | Added +8.0k |
| XTX Topco Ltd 0.05% of their portfolio | 122.2k $1.9m | Added +105.1k |
| Limestone Investment Advisors LP 1.29% of their portfolio | 121.7k $1.9m | Unchanged |
| Verition Fund Management LLC 0.01% of their portfolio | 117.0k $1.8m | Added +82.7k |
| OVERSEA-CHINESE BANKING Corp Ltd 0.05% of their portfolio | 115.6k $1.8m | Reduced -24.3k |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 110.5k $1.7m | Reduced -160.5k |
| Capital Markets Trading UK LLP 0.97% of their portfolio | 101.5k $1.6m | Added +72.5k |
| Harvest Fund Management Co., Ltd 0.06% of their portfolio | 100.0k $1.6m | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 99.8k $1.6m | Added +84.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 94.3k $1.5m | Reduced -21.7k |
| Lansforsakringar Fondforvaltning AB (publ) 0.01% of their portfolio | 90.0k $1.4m | Reduced -37.8k |
| Jump Financial, LLC 0.02% of their portfolio | 89.4k $1.4m | Added +21.0k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 85.2k $1.3m | Unchanged |
| PROFUND ADVISORS LLC 0.04% of their portfolio | 85.1k $1.3m | Reduced -3.1k |
| Ethic Inc. 0.02% of their portfolio | 68.2k $1.1m | Reduced -77 |
| Quantinno Capital Management LP 0.00% of their portfolio | 68.1k $1.1m | Reduced -5.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 67.5k $1.1m | Reduced -202.7k |