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 ≈ $15.54. Options: 19 managers hold calls ($70.1m notional), 20 hold puts ($72.7m).
Trends to Q1 2026
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 |
| Q1 2026 | 199 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2026 | 83 | 125 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $438.4m | $234.5m | 0.53 |
| Q3 2025 | $518.7m | $182.5m | 0.35 |
| Q4 2025 | $354.7m | $162.8m | 0.46 |
| Q1 2026 | $70.1m | $72.7m | 1.04 |
Biggest buyers
| Baird Financial Group, Inc. | Added | +1.3m |
| Nuveen, LLC | Added | +1.3m |
| GOLDMAN SACHS GROUP INC | Added | +1.1m |
| MARSHALL WACE, LLP | Added | +559.6k |
| IvyRock Asset Management (HK) Ltd | New | +360.0k |
| CITADEL ADVISORS LLC | Added | +309.4k |
| Perseverance Asset Management International | Added | +236.0k |
| ABN AMRO INVESTMENT SOLUTIONS | Added | +159.3k |
| Mitsubishi UFJ Trust & Banking Corp | Added | +138.4k |
| CITIGROUP INC | Added | +123.3k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -6.5m |
| MORGAN STANLEY | Reduced | -3.2m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -2.5m |
| Greenwoods Asset Management Hong Kong Ltd. | Sold out | -1.8m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.3m |
| Oakum Bay Capital LLC | Reduced | -1.1m |
| ALKEON CAPITAL MANAGEMENT LLC | Sold out | -1.1m |
| UBS Group AG | Reduced | -990.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -952.0k |
| FIL Ltd | Reduced | -831.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $15.8m1.1m shares |
| CITIGROUP INC | Added | $9.6m640.0k shares |
| GROUP ONE TRADING LLC | Reduced | $7.9m529.4k shares |
| NOMURA HOLDINGS INC | Added | $7.5m500.0k shares |
| D. E. Shaw & Co., Inc. | New | $5.1m337.5k shares |
| Parallax Volatility Advisers, L.P. | Added | $3.6m240.0k shares |
| TUDOR INVESTMENT CORP ET AL | New | $3.4m227.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.2m217.1k shares |
| IMC-Chicago, LLC | Reduced | $2.9m195.9k shares |
| Walleye Trading LLC | Reduced | $2.4m161.5k shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | Reduced | $31.4m2.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $12.6m841.8k shares |
| CITADEL ADVISORS LLC | Added | $10.0m667.2k shares |
| CITIGROUP INC | Unchanged | $3.6m240.0k shares |
| GROUP ONE TRADING LLC | Added | $2.7m179.5k shares |
| Walleye Trading LLC | Reduced | $2.5m166.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.1m141.8k shares |
| IMC-Chicago, LLC | Reduced | $2.1m138.7k shares |
| Balyasny Asset Management L.P. | Added | $1.0m67.2k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $833.8k55.7k 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 Q1 2026
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 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 19.9m $297.2m | First filing |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 11.2m $168.1m | Reduced -952.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 7.7m $115.0m | Reduced -2.5m |
| Baird Financial Group, Inc. 0.13% of their portfolio | 5.6m $84.1m | Added +1.3m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.07% of their portfolio | 5.6m $83.9m | Reduced -92.8k |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 5.3m $79.5m | First filing |
| H Capital V GP, L.P. 100.00% of their portfolio | 4.9m $74.1m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.11% of their portfolio | 4.9m $72.8m | Reduced -543.0k |
| Nuveen, LLC 0.02% of their portfolio | 4.7m $69.8m | Added +1.3m |
| HHLR ADVISORS, LTD. 3.79% of their portfolio | 4.2m $63.4m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 4.0m $59.9m | Added +1.1m |
| Artisan Partners Limited Partnership 0.09% of their portfolio | 3.9m $57.7m | Reduced -767.6k |
| Legal & General Group Plc 0.01% of their portfolio | 3.2m $48.3m | Reduced -50.7k |
| STATE STREET CORP 0.00% of their portfolio | 3.1m $47.0m | Reduced -399.1k |
| Temasek Holdings (Private) Ltd 0.15% of their portfolio | 3.0m $45.6m | Unchanged |
| Mitsubishi UFJ Trust & Banking Corp 0.10% of their portfolio | 2.8m $42.1m | Added +138.4k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 2.6m $38.6m | Reduced -841 |
| CoreView Capital Management Ltd 8.14% of their portfolio | 2.6m $38.5m | Reduced -550.5k |
| FIL Ltd 0.03% of their portfolio | 2.4m $35.3m | Reduced -831.2k |
| Athos Capital Ltd 10.38% of their portfolio | 2.2m $33.7m | Reduced -168.8k |
| SC US (TTGP), LTD. 0.36% of their portfolio | 2.2m $32.8m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 2.1m $31.3m | Reduced -3.2m |
| HSG Holding Ltd 6.64% of their portfolio | 1.9m $107.6m | Unchanged |
| Davis Selected Advisers 0.13% of their portfolio | 1.9m $27.7m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 1.7m $25.0m | Reduced -203.7k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio | 1.5m $22.2m | Reduced -2.1k |
| Perseverance Asset Management International 2.29% of their portfolio | 1.4m $20.8m | Added +236.0k |
| Triata Capital Ltd 3.74% of their portfolio | 1.4m $20.7m | Reduced -635.6k |
| Amundi 0.01% of their portfolio | 1.4m $20.6m | Reduced -41.7k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.1m $16.9m | Added +309.4k |
| UBS Group AG 0.00% of their portfolio | 1.0m $15.7m | Reduced -990.5k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.0m $15.2m | Reduced -123.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.0m $15.2m | Reduced -650.8k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 865.6k $13.0m | First filing |
| M&G PLC 0.05% of their portfolio | 678.9k $10.2m | Added +24.1k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 659.4k $9.9m | Added +559.6k |
| Rovida Investment Management Ltd 1.13% of their portfolio | 600.0k $9.0m | Added +50.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 559.5k $8.4m | Reduced -1.7k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.09% of their portfolio | 523.1k $7.8m | Added +89.3k |
| ABN AMRO INVESTMENT SOLUTIONS 0.10% of their portfolio | 493.9k $7.4m | Added +159.3k |
| CITIGROUP INC 0.00% of their portfolio | 485.7k $7.3m | Added +123.3k |
| AVIVA PLC 0.01% of their portfolio | 483.1k $7.2m | Reduced -3.7k |
| SG Americas Securities, LLC 0.01% of their portfolio | 453.0k $6.8m | Reduced -31.6k |
| Invesco Ltd. 0.00% of their portfolio | 434.1k $6.5m | Reduced -47.2k |
| FMR LLC 0.00% of their portfolio | 423.4k $6.3m | Added +1.1k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 386.5k $5.8m | Reduced -13.7k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 366.2k $5.5m | Reduced -58.8k |
| IvyRock Asset Management (HK) Ltd 3.03% of their portfolio | 360.0k $5.4m | New |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 327.1k $4.9m | Added +53.8k |
| KBC Group NV 0.01% of their portfolio | 320.6k $4.8m | Added +3.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 305.6k $4.6m | Added +55.2k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 288.1k $4.3m | Reduced -69.7k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 282.9k $4.2m | Reduced -416.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 276.0k $4.1m | Reduced -5.7k |
| Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio | 249.1k $3.7m | Added +39 |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 205.7k $3.1m | Reduced -468.6k |
| Swedbank AB 0.00% of their portfolio | 205.4k $3.1m | Added +36.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 189.7k $2.8m | Reduced -6.5m |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 175.1k $2.6m | Added +29.4k |
| Weiss Asset Management LP 0.05% of their portfolio | 173.2k $2.6m | Not comparable |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 168.3k $2.5m | Reduced -19.9k |
| KLP KAPITALFORVALTNING AS 0.01% of their portfolio | 166.1k $2.5m | Unchanged |
| Union Bancaire Privee, UBP SA 0.03% of their portfolio | 154.6k $2.1m | Added +18.6k |
| Marex Group Ltd 0.02% of their portfolio | 152.3k $2.3m | Added +2.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 130.6k $2.0m | Reduced -166.6k |
| XTX Topco Ltd 0.03% of their portfolio | 130.0k $1.9m | Added +7.9k |
| Quantinno Capital Management LP 0.00% of their portfolio | 127.2k $1.9m | Added +59.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 126.0k $1.9m | Reduced -4.3k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.03% of their portfolio | 126.0k $1.9m | Unchanged |
| STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio | 126.0k $1.9m | Reduced -2.4k |
| Limestone Investment Advisors LP 0.89% of their portfolio | 121.7k $1.8m | Unchanged |
| HRT FINANCIAL LP 0.01% of their portfolio | 109.9k $1.6m | Reduced -243.4k |
| Harvest Fund Management Co., Ltd 0.06% of their portfolio | 100.0k $1.5m | Unchanged |
| Siren, L.L.C. 0.04% of their portfolio | 100.0k $1.5m | Reduced -45.0k |
| Brevan Howard Capital Management LP 0.01% of their portfolio | 93.3k $1.4m | Added +81.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 86.1k $1.3m | Reduced -8.2k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 85.2k $1.3m | Unchanged |
| PROFUND ADVISORS LLC 0.05% of their portfolio | 84.5k $1.3m | Reduced -613 |
| DNB Asset Management AS 0.00% of their portfolio | 82.3k $1.2m | Added +15.1k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 67.3k $1.0m | Reduced -1.3m |
| Mariner, LLC 0.00% of their portfolio | 66.1k $990.2k | Reduced -551 |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 65.2k $975.6k | Added +935 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 61.3k $917.5k | Reduced -6.2k |
| M&T Bank Corp 0.00% of their portfolio | 61.1k $914.5k | Reduced -2.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 60.5k $905.9k | Added +31.2k |
| Penserra Capital Management LLC 0.01% of their portfolio | 57.8k $865.0k | Reduced -6.8k |
| Vident Advisory, LLC 0.01% of their portfolio | 57.6k $862.2k | Reduced -1.7k |
| GROUP ONE TRADING LLC 0.03% of their portfolio | 55.6k $831.6k | Reduced -2.4k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 50.1k $750.0k | Reduced -5.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 50.0k $748.0k | Unchanged |
| QUADRANT CAPITAL GROUP LLC 0.02% of their portfolio | 49.7k $744.0k | Added +44.7k |
| Vanguard Personalized Indexing Management, LLC 0.01% of their portfolio | 46.4k $694.6k | Added +8.6k |
| Brooklyn Investment Group 0.02% of their portfolio | 46.1k $690.0k | Added +15.3k |
| OVERSEA-CHINESE BANKING Corp Ltd 0.02% of their portfolio | 45.1k $674.6k | Reduced -70.5k |
| Ethic Inc. 0.01% of their portfolio | 42.6k $637.2k | Reduced -25.6k |
| PEAK6 LLC 0.02% of their portfolio | 42.0k $628.2k | Reduced -248.1k |
| FOX RUN MANAGEMENT, L.L.C. 0.10% of their portfolio | 36.7k $550.9k | New |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 34.7k $519.5k | Added +4.9k |
| Creative Planning 0.00% of their portfolio | 34.7k $519.2k | Reduced -10.7k |
| Sequoia Financial Advisors, LLC 0.00% of their portfolio | 33.9k $507.6k | Added +21.8k |