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 ($9.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.55. Options: 18 managers hold calls ($25.7m notional), 17 hold puts ($25.5m).
Trends to Q2 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 |
| Q2 2026 | 204 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 100 | 89 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $518.7m | $182.5m | 0.35 |
| Q4 2025 | $354.7m | $162.8m | 0.46 |
| Q1 2026 | $70.1m | $72.7m | 1.04 |
| Q2 2026 | $25.7m | $25.5m | 0.99 |
Biggest buyers
| PZENA INVESTMENT MANAGEMENT LLC | New | +8.9m |
| UBS Group AG | Added | +3.1m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.2m |
| Mitsubishi UFJ Trust & Banking Corp | Added | +1.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +908.0k |
| MARSHALL WACE, LLP | Added | +882.7k |
| MACKENZIE FINANCIAL CORP | Added | +860.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +800.7k |
| Man Group plc | New | +735.4k |
| State of New Jersey Common Pension Fund D | New | +700.3k |
Biggest sellers
| VANGUARD CAPITAL MANAGEMENT LLC | Sold out | -19.9m |
| VANGUARD FIDUCIARY TRUST CO | Sold out | -5.3m |
| Nuveen, LLC | Reduced | -4.6m |
| HHLR ADVISORS, LTD. | Reduced | -2.0m |
| Artisan Partners Limited Partnership | Reduced | -1.9m |
| Amundi | Reduced | -930.7k |
| VANGUARD ASSET MANAGEMENT, Ltd | Reduced | -861.8k |
| BlackRock, Inc. | Reduced | -554.7k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -456.9k |
| SG Americas Securities, LLC | Sold out | -453.0k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $6.2m423.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.5m378.4k shares |
| GROUP ONE TRADING LLC | Reduced | $2.6m177.5k shares |
| IMC-Chicago, LLC | Reduced | $2.1m144.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.0m139.8k shares |
| CITIGROUP INC | Reduced | $1.7m120.0k shares |
| GOLDMAN SACHS GROUP INC | Added | $1.5m100.2k shares |
| Walleye Trading LLC | Reduced | $1.4m94.0k shares |
| One River Asset Management, LLC | New | $600.1k41.3k shares |
| UBS Group AG | Reduced | $406.8k28.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.3m436.0k shares |
| CITIGROUP INC | Unchanged | $3.5m240.0k shares |
| CITADEL ADVISORS LLC | Reduced | $3.0m209.4k shares |
| SIMPLEX TRADING, LLC | Added | $2.4m165.0k shares |
| IMC-Chicago, LLC | Reduced | $1.9m132.0k shares |
| Walleye Trading LLC | Reduced | $1.6m108.3k shares |
| GROUP ONE TRADING LLC | Reduced | $1.5m106.5k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $1.5m100.0k shares |
| Balyasny Asset Management L.P. | Unchanged | $976.4k67.2k shares |
| PEAK6 LLC | Added | $693.1k47.7k 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 since 1 Apr 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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 2 | $102.6m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-25 | Peng Yongdong Chief Executive Officer, director · By controlled corporation | Sold | $84.5m16.0m shares |
| 2026-09-21 | Shan Yigang Executive Director, director · By Clover Rich Limited | Sold | $18.1m3.3m shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 12.0m $174.7m | Added +800.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 8.9m $129.5m | Added +1.2m |
| PZENA INVESTMENT MANAGEMENT LLC 0.38% of their portfolio | 8.9m $129.0m | New |
| Baird Financial Group, Inc. 0.12% of their portfolio | 5.9m $86.3m | Added +324.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.06% of their portfolio | 5.9m $85.1m | Added +247.3k |
| H Capital V GP, L.P. 100.00% of their portfolio | 4.9m $71.9m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 4.4m $64.0m | Reduced -456.9k |
| UBS Group AG 0.01% of their portfolio | 4.1m $59.7m | Added +3.1m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 4.1m $59.6m | Added +101.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.12% of their portfolio | 3.8m $55.6m | Added +1.0m |
| CoreView Capital Management Ltd 8.22% of their portfolio | 3.1m $45.0m | Added +525.8k |
| Legal & General Group Plc 0.01% of their portfolio | 3.1m $44.6m | Reduced -155.7k |
| STATE STREET CORP 0.00% of their portfolio | 3.1m $44.3m | Reduced -91.1k |
| Temasek Holdings (Private) Ltd 0.12% of their portfolio | 2.9m $42.1m | Reduced -151.2k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 2.6m $39.0m | Reduced -7.7k |
| MORGAN STANLEY 0.00% of their portfolio | 2.4m $35.0m | Added +319.4k |
| FIL Ltd 0.02% of their portfolio | 2.3m $34.1m | Reduced -12.8k |
| HHLR ADVISORS, LTD. 3.87% of their portfolio | 2.2m $32.2m | Reduced -2.0m |
| SC US (TTGP), LTD. 0.10% of their portfolio | 2.2m $31.9m | Unchanged |
| Athos Capital Ltd 11.45% of their portfolio | 2.2m $31.9m | Reduced -56.1k |
| Artisan Partners Limited Partnership 0.05% of their portfolio | 2.0m $29.0m | Reduced -1.9m |
| HSG Holding Ltd 2.35% of their portfolio | 1.9m $28.2m | Unchanged |
| Davis Selected Advisers 0.12% of their portfolio | 1.9m $26.9m | Reduced -1.0k |
| Triata Capital Ltd 4.11% of their portfolio | 1.7m $24.2m | Added +283.4k |
| Perseverance Asset Management International 2.46% of their portfolio | 1.7m $24.0m | Added +261.2k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.6m $23.4m | Added +482.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio | 1.6m $22.9m | Added +93.3k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 1.5m $22.4m | Added +882.7k |
| M&G PLC 0.09% of their portfolio | 1.3m $18.9m | Added +578.4k |
| BlackRock, Inc. 0.00% of their portfolio | 1.1m $16.2m | Reduced -554.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.0m $15.1m | Added +24.0k |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 1.0m $15.1m | Added +860.7k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.0m $14.7m | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 908.0k $13.2m | New |
| Rovida Investment Management Ltd 0.89% of their portfolio | 900.0k $13.1m | Added +300.0k |
| FMR LLC 0.00% of their portfolio | 765.8k $11.1m | Added +342.4k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 737.2k $10.7m | Added +670.0k |
| Man Group plc 0.02% of their portfolio | 735.4k $10.7m | New |
| State of New Jersey Common Pension Fund D 0.03% of their portfolio | 700.3k $10.2m | New |
| Carrhae Capital LLP 0.67% of their portfolio | 697.8k $10.1m | New |
| ABN AMRO INVESTMENT SOLUTIONS 0.08% of their portfolio | 672.2k $9.8m | Added +178.3k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.09% of their portfolio | 600.6k $8.7m | Added +77.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 557.2k $8.1m | Reduced -2.3k |
| AVIVA PLC 0.01% of their portfolio | 480.8k $7.0m | Reduced -2.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 460.2k $6.7m | Added +270.4k |
| CITIGROUP INC 0.00% of their portfolio | 454.2k $6.6m | Reduced -31.6k |
| Amundi 0.00% of their portfolio | 442.8k $6.4m | Reduced -930.7k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 403.0k $5.9m | Added +36.8k |
| NORGES BANK 0.00% of their portfolio | 393.3k $5.7m | Not comparable |
| Invesco Ltd. 0.00% of their portfolio | 364.1k $5.3m | Reduced -70.0k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 361.2k $5.2m | Reduced -25.3k |
| IvyRock Asset Management (HK) Ltd 2.96% of their portfolio | 360.0k $5.2m | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 357.2k $5.2m | Added +271.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 327.5k $4.8m | Added +21.8k |
| KBC Group NV 0.01% of their portfolio | 319.3k $4.6m | Reduced -1.3k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 304.0k $4.4m | Added +135.7k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 295.7k $4.3m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 278.5k $4.0m | Added +2.5k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 271.6k $3.9m | Reduced -16.5k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 269.1k $3.9m | Reduced -13.8k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 257.3k $3.7m | New |
| WT Asset Management Ltd 0.07% of their portfolio | 254.5k $3.7m | New |
| Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio | 219.2k $3.2m | Reduced -29.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 206.6k $3.0m | Added +855 |
| Swedbank AB 0.00% of their portfolio | 205.4k $3.0m | Unchanged |
| Havemeyer Place LP 0.27% of their portfolio | 188.2k $2.7m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 177.2k $2.6m | Added +46.7k |
| KLP KAPITALFORVALTNING AS 0.01% of their portfolio | 166.1k $2.4m | Unchanged |
| Quantinno Capital Management LP 0.00% of their portfolio | 160.5k $2.3m | Added +33.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 153.4k $2.2m | Added +92.1k |
| Marex Group Ltd 0.02% of their portfolio | 152.3k $2.2m | Unchanged |
| Inspire Investing, LLC 0.09% of their portfolio | 149.7k $2.2m | New |
| QUADRANT CAPITAL GROUP LLC 0.06% of their portfolio | 141.9k $2.1m | Added +92.3k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 138.8k $2.0m | Reduced -188.3k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.02% of their portfolio | 126.0k $1.8m | Unchanged |
| Limestone Investment Advisors LP 0.89% of their portfolio | 121.7k $1.8m | Unchanged |
| Harvest Fund Management Co., Ltd 0.05% of their portfolio | 100.0k $1.5m | Unchanged |
| Siren, L.L.C. 0.03% of their portfolio | 100.0k $1.5m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 96.8k $1.4m | Reduced -29.2k |
| DNB Asset Management AS 0.00% of their portfolio | 91.2k $1.3m | Added +8.9k |
| Brevan Howard Capital Management LP 0.02% of their portfolio | 87.2k $1.3m | Reduced -6.1k |
| PROFUND ADVISORS LLC 0.03% of their portfolio | 86.3k $1.3m | Added +1.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 85.6k $1.2m | Added +83.6k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 85.2k $1.2m | Unchanged |
| Ethic Inc. 0.01% of their portfolio | 77.0k $1.1m | Added +34.4k |
| Mariner, LLC 0.00% of their portfolio | 72.6k $1.1m | Added +6.5k |
| STOREBRAND ASSET MANAGEMENT AS 0.00% of their portfolio | 71.2k $1.0m | Reduced -54.8k |
| IMC-Chicago, LLC 0.01% of their portfolio | 60.9k $884.4k | New |
| Walleye Capital LLC 0.00% of their portfolio | 60.3k $876.2k | New |
| M&T Bank Corp 0.00% of their portfolio | 58.6k $851.2k | Reduced -2.5k |
| US BANCORP \DE\ 0.00% of their portfolio | 57.5k $835.2k | Added +44.1k |
| Vanguard Personalized Indexing Management, LLC 0.01% of their portfolio | 57.1k $829.7k | Added +10.7k |
| SIMPLEX TRADING, LLC 0.02% of their portfolio | 52.5k $762.8k | Added +39.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 52.3k $759.9k | Reduced -8.2k |
| Nuveen, LLC 0.00% of their portfolio | 50.5k $734.3k | Reduced -4.6m |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 47.3k $687.0k | Reduced -2.7k |
| Quadrature Capital Ltd 0.01% of their portfolio | 46.1k $670.4k | New |
| OVERSEA-CHINESE BANKING Corp Ltd 0.02% of their portfolio | 45.1k $654.8k | Unchanged |
| PEAK6 LLC 0.02% of their portfolio | 43.8k $636.3k | Added +1.8k |
| Vise Technologies, Inc. 0.01% of their portfolio | 43.3k $629.7k | Added +23.6k |