Vault-13

NETEASE INC NTES

SPONSORED ADS · ADR · CUSIP 64110W102 · ISIN US64110W1027

Chinese Internet technology company

443 institutional holders +8 vs Q2 2025
65,978,63666.0m shares reported held*
$10.0bnreported value*
62 new 141 added 164 reduced 55 sold out net bought ≈ $2.0bn (+12.9m shares)

* 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 ($12.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $151.95. Options: 16 managers hold calls ($233.2m notional), 15 hold puts ($129.7m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 323Q4 22: 320Q1 23: 314Q2 23: 333Q3 23: 360Q4 23: 403Q1 24: 405Q2 24: 388Q3 24: 367Q4 24: 369Q1 25: 378Q2 25: 435Q3 25: 443443Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022323
Q4 2022320
Q1 2023314
Q2 2023333
Q3 2023360
Q4 2023403
Q1 2024405
Q2 2024388
Q3 2024367
Q4 2024369
Q1 2025378
Q2 2025435
Q3 2025443

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 23: 200 bought or addedQ4 23: 158 cut or sold outQ1 24: 199 bought or addedQ1 24: 208 cut or sold outQ1 24Q2 24: 163 bought or addedQ2 24: 209 cut or sold outQ3 24: 144 bought or addedQ3 24: 221 cut or sold outQ3 24Q4 24: 155 bought or addedQ4 24: 190 cut or sold outQ1 25: 186 bought or addedQ1 25: 164 cut or sold outQ1 25Q2 25: 240 bought or addedQ2 25: 165 cut or sold outQ3 25: 203 bought or addedQ3 25: 219 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023200158
Q1 2024199208
Q2 2024163209
Q3 2024144221
Q4 2024155190
Q1 2025186164
Q2 2025240165
Q3 2025203219

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100m$200m$300mQ4 24 calls: $190.6mQ4 24 puts: $182.3mQ4 24P/C 0.96Q1 25 calls: $185.1mQ1 25 puts: $142.6mQ1 25P/C 0.77Q2 25 calls: $158.6mQ2 25 puts: $192.0mQ2 25P/C 1.21Q3 25 calls: $233.2mQ3 25 puts: $129.7mQ3 25P/C 0.56
Numbers
QuarterCallsPutsP/C
Q4 2024$190.6m$182.3m0.96
Q1 2025$185.1m$142.6m0.77
Q2 2025$158.6m$192.0m1.21
Q3 2025$233.2m$129.7m0.56

Biggest buyers

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Added +8,538,717+8.5m
Ninety One UK Ltd Added +6,324,531+6.3m
Orbis Allan Gray Ltd Added +650,266+650.3k
BANK OF MONTREAL /CAN/ Added +624,399+624.4k
Ninety One North America, Inc. Added +483,745+483.7k
CAUSEWAY CAPITAL MANAGEMENT LLC Added +196,821+196.8k
Tiger Pacific Capital LP New +190,754+190.8k
StoneX Group Inc. New +143,521+143.5k
Tairen Capital Ltd New +125,718+125.7k
DIMENSIONAL FUND ADVISORS LP Added +112,001+112.0k

Biggest sellers

HHLR ADVISORS, LTD. Reduced -872,861-872.9k
FMR LLC Reduced -644,031-644.0k
Dodge & Cox Reduced -453,200-453.2k
Capital International Investors Reduced -318,890-318.9k
WELLINGTON MANAGEMENT GROUP LLP Reduced -311,008-311.0k
ROYAL BANK OF CANADA Reduced -292,279-292.3k
Greenwoods Asset Management Hong Kong Ltd. Reduced -273,800-273.8k
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Reduced -251,757-251.8k
Clark Capital Management Group, Inc. Reduced -206,895-206.9k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -168,310-168.3k

Biggest calls

PEAK6 LLC Added $78.9m519.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $42.1m277.3k shares
MILLENNIUM MANAGEMENT LLC Added $38.9m255.8k shares
UBS Group AG Reduced $20.0m131.3k shares
IMC-Chicago, LLC Reduced $11.7m77.0k shares
GROUP ONE TRADING LLC Reduced $9.2m60.8k shares
BNP PARIBAS FINANCIAL MARKETS Added $9.1m600 shares
CITADEL ADVISORS LLC Reduced $5.9m38.8k shares
JANE STREET GROUP, LLC Added $5.3m34.6k shares
WOLVERINE TRADING, LLC Reduced $3.9m25.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $42.0m276.2k shares
JANE STREET GROUP, LLC Added $20.1m132.1k shares
UBS Group AG Reduced $12.3m80.9k shares
IMC-Chicago, LLC Reduced $11.9m78.3k shares
BNP PARIBAS FINANCIAL MARKETS Reduced $9.1m602 shares
CITADEL ADVISORS LLC Added $7.1m47.0k shares
Walleye Trading LLC Reduced $6.4m42.2k shares
SIMPLEX TRADING, LLC Added $6.2m40.5k shares
Verition Fund Management LLC Added $4.9m32.3k shares
JPMORGAN CHASE & CO Added $4.6m30.0k 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.

Insider purchases and sales in Q3 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 Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Ninety One UK Ltd 2.09% of their portfolio London, X0 12,592,30012.6m $1.9bn $1.9bn 2.09% Added +6.3m +6,324,531
2 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.28% of their portfolio NEW YORK, NY 8,551,1178.6m $1.3bn $1.3bn 0.28% Added +8.5m +8,538,717
3 Orbis Allan Gray Ltd 2.71% of their portfolio HamiltoN, D0 4,157,4804.2m $631.9m $631.9m 2.71% Added +650.3k +650,266
4 Greenwoods Asset Management Hong Kong Ltd. 10.99% of their portfolio HONG KONG, K3 3,212,2003.2m $488.2m $488.2m 10.99% Reduced -273.8k -273,800
5 Harding Loevner LP 2.83% of their portfolio Bridgewater, NJ 2,541,6002.5m $386.3m $386.3m 2.83% Reduced -41.0k -41,036
6 Dodge & Cox 0.19% of their portfolio San Francisco, CA 2,292,5762.3m $348.4m $348.4m 0.19% Reduced -453.2k -453,200
7 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.17% of their portfolio BOSTON, MA 1,808,8361.8m $274.9m $274.9m 0.17% Reduced -168.3k -168,310
8 Capital World Investors 0.03% of their portfolio LOS ANGELES, CA 1,552,9671.6m $236.0m $236.0m 0.03% Added +1.9k +1,853
9 Invesco Ltd. 0.03% of their portfolio ATLANTA, GA 1,351,1471.4m $205.4m $205.4m 0.03% Reduced -88.4k -88,410
10 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio Boston, MA 1,251,1451.3m $190.2m $190.2m 0.06% Reduced -251.8k -251,757
11 Fisher Asset Management, LLC 0.06% of their portfolio PLANO, TX 1,133,0521.1m $172.2m $172.2m 0.06% Added +50.9k +50,861
12 RENAISSANCE TECHNOLOGIES LLC 0.22% of their portfolio NEW YORK, NY 1,083,0881.1m $164.6m $164.6m 0.22% Reduced -6.0k -6,000
13 FMR LLC 0.01% of their portfolio BOSTON, MA 1,057,8321.1m $160.8m $160.8m 0.01% Reduced -644.0k -644,031
14 Man Group plc 0.31% of their portfolio LONDON, X0 1,055,1221.1m $160.4m $160.4m 0.31% Added +72.0k +71,966
15 Ninety One North America, Inc. 3.38% of their portfolio New York, NY 967,490967.5k $147.0m $147.0m 3.38% Added +483.7k +483,745
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 895,593895.6k $136.1m $136.1m 0.00% Added +107.9k +107,856
17 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 841,623841.6k $127.8m $127.8m 0.03% Added +112.0k +112,001
18 AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio KANSAS CITY, MO 803,379803.4k $122.1m $122.1m 0.06% Added +54.9k +54,929
19 HHLR ADVISORS, LTD. 2.94% of their portfolio GRAND CAYMAN, E9 790,807790.8k $120.2m $120.2m 2.94% Reduced -872.9k -872,861
20 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 713,433713.4k $108.4m $108.4m 0.01% Reduced -73.3k -73,323
21 VAN ECK ASSOCIATES CORP 0.10% of their portfolio NEW YORK, NY 681,808681.8k $103.6m $103.6m 0.10% Added +107.0k +107,004
22 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 662,557662.6k $100.7m $100.7m 0.04% Added +624.4k +624,399
23 CAUSEWAY CAPITAL MANAGEMENT LLC 1.28% of their portfolio LOS ANGELES, CA 638,315638.3k $97.0m $97.0m 1.28% Added +196.8k +196,821
24 Davis Selected Advisers 0.47% of their portfolio Tucson, AZ 594,740594.7k $90.4m $90.4m 0.47% Added +1.4k +1,393
25 WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio Boston, MA 570,976571.0k $86.8m $86.8m 0.02% Reduced -311.0k -311,008
26 Cederberg Capital Ltd 24.71% of their portfolio LONDON, X0 569,475569.5k $86.6m $86.6m 24.71% Reduced -75.5k -75,500
27 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 528,110528.1k $80.3m $80.3m 0.01% Added +32.5k +32,479
28 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 513,333513.3k $78.0m $78.0m 0.01% Added +6.2k +6,184
29 Handelsbanken Fonder AB 0.24% of their portfolio STOCKHOLM, V7 502,115502.1k $76.3m $76.3m 0.24% Reduced -10.0k -10,000
30 Mawer Investment Management Ltd. 0.36% of their portfolio CALGARY, A0 451,450451.4k $68.6m $68.6m 0.36% Reduced -12.0k -12,040
31 UBS Group AG 0.01% of their portfolio ZURICH, V8 435,107435.1k $66.1m $66.1m 0.01% Reduced -92.5k -92,454
32 LAZARD ASSET MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 368,126368.1k $56.0m $56.0m 0.08% Reduced -27.5k -27,474
33 Amundi 0.02% of their portfolio Paris, I0 367,237367.2k $55.5m $55.5m 0.02% Reduced -70.6k -70,557
34 Temasek Holdings (Private) Ltd 0.19% of their portfolio SINGAPORE, U0 366,075366.1k $55.6m $55.6m 0.19% Unchanged
35 BI Asset Management Fondsmaeglerselskab A/S 0.48% of their portfolio KOBENHAVN, G7 349,339349.3k $53.1m $53.1m 0.48% Added +17.1k +17,144
36 TODD ASSET MANAGEMENT LLC 1.05% of their portfolio Louisville, KY 339,935339.9k $51.7m $51.7m 1.05% Added +17.5k +17,454
37 NORDEA INVESTMENT MANAGEMENT AB 0.04% of their portfolio STOCKHOLM, V7 278,437278.4k $42.1m $42.1m 0.04% Reduced -40.8k -40,771
38 Capital International Investors 0.01% of their portfolio Los Angeles, CA 257,093257.1k $39.0m $39.0m 0.01% Reduced -318.9k -318,890
39 SIH Partners, LLLP 3.33% of their portfolio Wilmington, DE 250,320250.3k $38.0m $38.0m 3.33% Reduced -154.5k -154,501
40 Clark Capital Management Group, Inc. 0.24% of their portfolio PHILADELPHIA, PA 248,337248.3k $37.7m $37.7m 0.24% Reduced -206.9k -206,895
41 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 221,115221.1k $33.6m $33.6m 0.01% Reduced -43.3k -43,348
42 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.24% of their portfolio FRANKFORT, KY 210,900210.9k $32.1m $32.1m 0.24% Added +16.2k +16,200
43 Tiger Pacific Capital LP 7.33% of their portfolio NEW YORK, NY 190,754190.8k $29.0m $29.0m 7.33% New
44 Capital International, Inc./CA/ 0.23% of their portfolio Los Angeles, CA 190,310190.3k $28.9m $28.9m 0.23% Reduced -28.4k -28,396
45 MACKENZIE FINANCIAL CORP 0.03% of their portfolio TORONTO ONTARIO, A6 188,782188.8k $28.7m $28.7m 0.03% Added +52.2k +52,207
46 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 183,353183.4k $27.9m $27.9m 0.00% Reduced -292.3k -292,279
47 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 170,757170.8k $26.0m $26.0m 0.01% Reduced -16.7k -16,658
48 Robeco Institutional Asset Management B.V. 0.04% of their portfolio ROTTERDAM, P7 170,202170.2k $25.9m $25.9m 0.04% Reduced -4.6k -4,577
49 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 168,476168.5k $25.6m $25.6m 0.00% Added +103.6k +103,577
50 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 166,917166.9k $25.4m $25.4m 0.00% Reduced -35.6k -35,646
51 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 165,457165.5k $25.1m $25.1m 0.02% Reduced -30.5k -30,534
52 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 150,659150.7k $22.9m $22.9m 0.02% Added +50.2k +50,211
53 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 149,243149.2k $22.7m $22.7m 0.02% Added +10.5k +10,500
54 Aspex Management (HK) Ltd 0.48% of their portfolio CENTRAL, K3 147,655147.7k $22.4m $22.4m 0.48% Unchanged
55 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.04% of their portfolio CAUSEWAY BAY, K3 145,426145.4k $22.1m $22.1m 0.04% Reduced -7.5k -7,504
56 StoneX Group Inc. 0.95% of their portfolio NEW YORK, NY 143,521143.5k $21.8m $21.8m 0.95% New
57 Swedbank AB 0.02% of their portfolio STOCKHOLM, V7 142,100142.1k $21.6m $21.6m 0.02% Added +22.0k +22,000
58 NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio ALBANY, NY 139,744139.7k $21.2m $21.2m 0.03% Unchanged
59 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 138,815138.8k $21.1m $21.1m 0.02% Reduced -5.2k -5,192
60 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 137,800137.8k $20.9m $20.9m 0.02% Reduced -119.8k -119,803
61 Tairen Capital Ltd 2.06% of their portfolio HONG KONG, K3 125,718125.7k $19.1m $19.1m 2.06% New
62 Legal & General Group Plc 0.00% of their portfolio London, X0 124,864124.9k $19.0m $19.0m 0.00% Reduced -2.4k -2,416
63 Crossmark Global Holdings, Inc. 0.28% of their portfolio HOUSTON, TX 123,284123.3k $18.7m $18.7m 0.28% Added +93.4k +93,430
64 Ninety One SA (Pty) Ltd 0.61% of their portfolio Cape Town, T3 117,026117.0k $17.7m $17.7m 0.61% Added +58.5k +58,513
65 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 116,713116.7k $17.7m $17.7m 0.03% Reduced -49 -49
66 Perseverance Asset Management International 2.93% of their portfolio GEORGE TOWN, E9 112,000112.0k $17.0m $17.0m 2.93% New
67 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.05% of their portfolio COLUMBUS, OH 105,480105.5k $16.0m $16.0m 0.05% Unchanged
68 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 105,285105.3k $16.0m $16.0m 0.02% Added +60.0k +59,995
69 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 103,345103.3k $15.7m $15.7m 0.04% Reduced -5.5k -5,509
70 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 83,28583.3k $12.7m $12.7m 0.02% New
71 NATIXIS ADVISORS, LLC 0.02% of their portfolio Boston, MA 81,79081.8k $12.4m $12.4m 0.02% Reduced -5.8k -5,790
72 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 79,46779.5k $12.1m $12.1m 0.02% Reduced -123.4k -123,376
73 AXIOM INVESTORS LLC /DE 0.09% of their portfolio GREENWICH, CT 78,97679.0k $12.0m $12.0m 0.09% Added +46.0k +45,970
74 Capital Wealth Planning, LLC 0.08% of their portfolio NAPLES, FL 76,75176.8k $11.7m $11.7m 0.08% New
75 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 74,17174.2k $11.3m $11.3m 0.00% Reduced -10.8k -10,806
76 AVIVA PLC 0.02% of their portfolio LONDON, X0 73,65873.7k $11.2m $11.2m 0.02% Reduced -2.4k -2,407
77 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 73,47073.5k $11.2m $11.2m 0.01% Reduced -19.7k -19,698
78 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 72,34372.3k $11.0m $11.0m 0.01% Reduced -19.2k -19,228
79 Guinness Asset Management LTD 0.17% of their portfolio LONDON, X0 69,81769.8k $10.6m $10.6m 0.17% Reduced -697 -697
80 CI INVESTMENTS INC. 0.04% of their portfolio TORONTO, Z4 66,34566.3k $10.1m $10.1m 0.04% Reduced -149 -149
81 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 63,07163.1k $9.6m $9.6m 0.00% Reduced -650 -650
82 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 63,04463.0k $9.6m $9.6m 0.01% Added +1.1k +1,118
83 OPTIMAS CAPITAL Ltd 5.97% of their portfolio CENTRAL, K3 62,10062.1k $9.4m $9.4m 5.97% Added +21.2k +21,169
84 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 60,99561.0k $9.3m $9.3m 0.01% Reduced -7.0k -7,012
85 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 59,84459.8k $9.1m $9.1m 0.01% Added +250 +250
86 Point72 Hong Kong Ltd 0.39% of their portfolio HONG KONG, K3 55,78155.8k $8.5m $8.5m 0.39% Reduced -19.1k -19,066
87 Mitsubishi UFJ Trust & Banking Corp 0.02% of their portfolio TOKYO, M0 55,03855.0k $8.4m $8.4m 0.02% Reduced -597 -597
88 Taikang Asset Management (Hong Kong) Co Ltd 0.93% of their portfolio HONG KONG, K3 55,00055.0k $8.4m $8.4m 0.93% Reduced -7.7k -7,705
89 Strategic Global Advisors, LLC 1.22% of their portfolio NEWPORT BEACH, CA 53,17653.2k $8.1m $8.1m 1.22% Reduced -3.0k -3,047
90 EXCHANGE TRADED CONCEPTS, LLC 0.07% of their portfolio Oklahoma City, OK 50,24450.2k $7.6m $7.6m 0.07% Added +29.2k +29,222
91 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 48,55748.6k $7.4m $7.4m 0.02% Added +472 +472
92 Mariner, LLC 0.01% of their portfolio Overland Park, KS 47,52147.5k $7.2m $7.2m 0.01% Added +27.2k +27,212
93 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 45,94045.9k $5.7m $5.7m 0.02% Added +19.4k +19,398
94 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 43,84143.8k $6.7m $6.7m 0.00% Reduced -31.6k -31,556
95 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 43,81243.8k $6.7m $6.7m 0.00% Reduced -2.8k -2,757
96 Veritas Asset Management LLP 0.07% of their portfolio London, X0 43,46343.5k $6.6m $6.6m 0.07% Reduced -11.6k -11,606
97 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.04% of their portfolio Stamford, CT 42,51242.5k $6.5m $6.5m 0.04% Added +5.7k +5,741
98 KBC Group NV 0.02% of their portfolio Brussels, C9 42,30842.3k $6.4m $6.4m 0.02% Added +669 +669
99 Ativo Capital Management LLC 5.30% of their portfolio CHICAGO, IL 41,33641.3k $6.3m $6.3m 5.30% Reduced -530 -530
100 RENAISSANCE GROUP LLC 0.23% of their portfolio Covington, KY 40,64040.6k $6.2m $6.2m 0.23% New