Vault-13

NETEASE INC NTES

SPONSORED ADS · ADR · CUSIP 64110W102 · ISIN US64110W1027

Chinese Internet technology company

461 institutional holders +18 vs Q3 2025
55,992,11956.0m shares reported held*
$7.7bnreported value*
61 new 152 added 146 reduced 61 sold out net sold ≈ $1.4bn (-10.3m 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 ($14.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $137.65. Options: 16 managers hold calls ($90.9m notional), 16 hold puts ($71.0m).

Trends to Q4 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: 443Q4 25: 461461Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025461

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 199 bought or addedQ1 24: 208 cut or sold outQ2 24: 163 bought or addedQ2 24: 209 cut or sold outQ2 24Q3 24: 144 bought or addedQ3 24: 221 cut or sold outQ4 24: 155 bought or addedQ4 24: 190 cut or sold outQ4 24Q1 25: 186 bought or addedQ1 25: 164 cut or sold outQ2 25: 240 bought or addedQ2 25: 165 cut or sold outQ2 25Q3 25: 203 bought or addedQ3 25: 219 cut or sold outQ4 25: 213 bought or addedQ4 25: 207 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024199208
Q2 2024163209
Q3 2024144221
Q4 2024155190
Q1 2025186164
Q2 2025240165
Q3 2025203219
Q4 2025213207

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ1 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 0.56Q4 25 calls: $90.9mQ4 25 puts: $71.0mQ4 25P/C 0.78
Numbers
QuarterCallsPutsP/C
Q1 2025$185.1m$142.6m0.77
Q2 2025$158.6m$192.0m1.21
Q3 2025$233.2m$129.7m0.56
Q4 2025$90.9m$71.0m0.78

Biggest buyers

FMR LLC Added +810,111+810.1k
MILLENNIUM MANAGEMENT LLC Added +236,152+236.2k
Corient Private Wealth LP Added +207,587+207.6k
MORGAN STANLEY Added +181,007+181.0k
AMERICAN CENTURY COMPANIES INC Added +124,254+124.3k
Balyasny Asset Management L.P. New +119,303+119.3k
Mawer Investment Management Ltd. Added +108,446+108.4k
Temasek Holdings (Private) Ltd Added +103,653+103.7k
Qube Research & Technologies Ltd Added +103,371+103.4k
BANK OF AMERICA CORP /DE/ Added +98,889+98.9k

Biggest sellers

Ninety One UK Ltd Reduced -6,296,763-6.3m
HHLR ADVISORS, LTD. Sold out -790,807-790.8k
Orbis Allan Gray Ltd Reduced -768,031-768.0k
BANK OF MONTREAL /CAN/ Reduced -645,547-645.5k
CAUSEWAY CAPITAL MANAGEMENT LLC Sold out -638,315-638.3k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -590,580-590.6k
Ninety One North America, Inc. Reduced -467,249-467.2k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -406,190-406.2k
Clark Capital Management Group, Inc. Sold out -248,337-248.3k
Tiger Pacific Capital LP Sold out -190,754-190.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $31.2m226.9k shares
UBS Group AG Reduced $16.7m121.6k shares
IMC-Chicago, LLC Reduced $9.9m71.6k shares
GROUP ONE TRADING LLC Added $8.6m62.7k shares
MILLENNIUM MANAGEMENT LLC Reduced $6.5m47.4k shares
JANE STREET GROUP, LLC Added $5.1m36.9k shares
CITADEL ADVISORS LLC Reduced $4.2m30.7k shares
Walleye Trading LLC Added $2.7m19.9k shares
SIMPLEX TRADING, LLC Reduced $1.7m12.6k shares
Verition Fund Management LLC Reduced $1.0m7.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $26.7m194.1k shares
UBS Group AG Added $11.4m82.5k shares
JANE STREET GROUP, LLC Reduced $9.0m65.3k shares
IMC-Chicago, LLC Reduced $6.5m47.3k shares
CITADEL ADVISORS LLC Reduced $4.4m32.3k shares
SIMPLEX TRADING, LLC Reduced $2.4m17.8k shares
JPMORGAN CHASE & CO Reduced $2.1m15.0k shares
Verition Fund Management LLC Reduced $2.1m15.0k shares
BNP PARIBAS FINANCIAL MARKETS Reduced $1.7m120 shares
HRT FINANCIAL LP Added $1.4m10.4k 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 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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.24% of their portfolio NEW YORK, NY 8,144,9278.1m $1.1bn $1.1bn 0.24% Reduced -406.2k -406,190
2 Ninety One UK Ltd 1.86% of their portfolio London, X0 6,295,5376.3m $866.4m $866.4m 1.86% Reduced -6.3m -6,296,763
3 Orbis Allan Gray Ltd 1.95% of their portfolio HamiltoN, D0 3,389,4493.4m $466.5m $466.5m 1.95% Reduced -768.0k -768,031
4 Greenwoods Asset Management Hong Kong Ltd. 10.93% of their portfolio HONG KONG, K3 3,212,2003.2m $442.1m $442.1m 10.93% Unchanged
5 Harding Loevner LP 3.00% of their portfolio Bridgewater, NJ 2,476,4012.5m $340.8m $340.8m 3.00% Reduced -65.2k -65,199
6 Dodge & Cox 0.16% of their portfolio San Francisco, CA 2,154,3762.2m $296.5m $296.5m 0.16% Reduced -138.2k -138,200
7 FMR LLC 0.01% of their portfolio BOSTON, MA 1,867,9431.9m $257.1m $257.1m 0.01% Added +810.1k +810,111
8 Capital World Investors 0.03% of their portfolio LOS ANGELES, CA 1,507,7921.5m $207.5m $207.5m 0.03% Reduced -45.2k -45,175
9 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 1,219,3471.2m $167.8m $167.8m 0.02% Reduced -131.8k -131,800
10 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.10% of their portfolio BOSTON, MA 1,218,2561.2m $167.7m $167.7m 0.10% Reduced -590.6k -590,580
11 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio Boston, MA 1,217,1241.2m $167.5m $167.5m 0.05% Reduced -34.0k -34,021
12 Fisher Asset Management, LLC 0.05% of their portfolio PLANO, TX 1,112,2841.1m $153.1m $153.1m 0.05% Reduced -20.8k -20,768
13 RENAISSANCE TECHNOLOGIES LLC 0.23% of their portfolio NEW YORK, NY 1,088,6881.1m $149.8m $149.8m 0.23% Added +5.6k +5,600
14 AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio KANSAS CITY, MO 927,633927.6k $127.7m $127.7m 0.06% Added +124.3k +124,254
15 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 923,326923.3k $127.3m $127.3m 0.03% Added +81.7k +81,703
16 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 894,440894.4k $123.1m $123.1m 0.01% Added +181.0k +181,007
17 Man Group plc 0.23% of their portfolio LONDON, X0 874,835874.8k $120.4m $120.4m 0.23% Reduced -180.3k -180,287
18 BlackRock, Inc. 0.00% of their portfolio New York, NY 861,735861.7k $118.6m $118.6m 0.00% Reduced -33.9k -33,858
19 VAN ECK ASSOCIATES CORP 0.07% of their portfolio NEW YORK, NY 634,513634.5k $87.3m $87.3m 0.07% Reduced -47.3k -47,295
20 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 626,999627.0k $86.3m $86.3m 0.01% Added +98.9k +98,889
21 Mawer Investment Management Ltd. 0.43% of their portfolio CALGARY, A0 559,896559.9k $77.1m $77.1m 0.43% Added +108.4k +108,446
22 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 555,948555.9k $76.5m $76.5m 0.01% Reduced -15.0k -15,028
23 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 551,628551.6k $75.9m $75.9m 0.01% Added +38.3k +38,295
24 Ninety One North America, Inc. 2.79% of their portfolio New York, NY 500,241500.2k $68.8m $68.8m 2.79% Reduced -467.2k -467,249
25 Handelsbanken Fonder AB 0.21% of their portfolio STOCKHOLM, V7 499,115499.1k $68.7m $68.7m 0.21% Reduced -3.0k -3,000
26 Cederberg Capital Ltd 21.14% of their portfolio LONDON, X0 473,175473.2k $65.1m $65.1m 21.14% Reduced -96.3k -96,300
27 Temasek Holdings (Private) Ltd 0.21% of their portfolio SINGAPORE, U0 469,728469.7k $64.6m $64.6m 0.21% Added +103.7k +103,653
28 Davis Selected Advisers 0.26% of their portfolio Tucson, AZ 426,164426.2k $58.6m $58.6m 0.26% Reduced -168.6k -168,576
29 UBS Group AG 0.01% of their portfolio ZURICH, V8 425,902425.9k $58.6m $58.6m 0.01% Reduced -9.2k -9,205
30 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 386,811386.8k $53.2m $53.2m 0.04% Added +236.2k +236,152
31 Amundi 0.01% of their portfolio Paris, I0 362,167362.2k $49.8m $49.8m 0.01% Reduced -5.1k -5,070
32 LAZARD ASSET MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 354,287354.3k $48.8m $48.8m 0.08% Reduced -13.8k -13,839
33 BI Asset Management Fondsmaeglerselskab A/S 0.41% of their portfolio KOBENHAVN, G7 339,869339.9k $46.8m $46.8m 0.41% Reduced -9.5k -9,470
34 TODD ASSET MANAGEMENT LLC 0.90% of their portfolio Louisville, KY 336,485336.5k $46.3m $46.3m 0.90% Reduced -3.5k -3,450
35 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 324,300324.3k $44.6m $44.6m 0.03% Added +207.6k +207,587
36 PBU - The Pension Fund of Early Childhood & Youth Educators 0.64% of their portfolio COPENHAGEN, G7 321,279321.3k $44.2m $44.2m 0.64% First filing
37 NORDEA INVESTMENT MANAGEMENT AB 0.03% of their portfolio STOCKHOLM, V7 269,408269.4k $37.1m $37.1m 0.03% Reduced -9.0k -9,029
38 SIH Partners, LLLP 2.11% of their portfolio Wilmington, DE 263,263263.3k $36.2m $36.2m 2.11% Added +12.9k +12,943
39 Capital International Investors 0.01% of their portfolio Los Angeles, CA 260,368260.4k $36.1m $36.1m 0.01% Added +3.3k +3,275
40 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 258,790258.8k $35.6m $35.6m 0.00% Added +90.3k +90,314
41 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.22% of their portfolio FRANKFORT, KY 210,900210.9k $29.0m $29.0m 0.22% Unchanged
42 Qube Research & Technologies Ltd 0.04% of their portfolio LONDON, X0 208,656208.7k $28.7m $28.7m 0.04% Added +103.4k +103,371
43 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 194,625194.6k $26.8m $26.8m 0.02% Added +45.4k +45,382
44 Capital International, Inc./CA/ 0.21% of their portfolio Los Angeles, CA 193,997194.0k $26.7m $26.7m 0.21% Added +3.7k +3,687
45 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 192,268192.3k $26.5m $26.5m 0.03% Added +54.5k +54,468
46 Swedbank AB 0.03% of their portfolio STOCKHOLM, V7 192,100192.1k $26.4m $26.4m 0.03% Added +50.0k +50,000
47 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 179,120179.1k $24.7m $24.7m 0.00% Added +12.2k +12,203
48 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 162,675162.7k $22.4m $22.4m 0.02% Reduced -2.8k -2,782
49 Aspex Management (HK) Ltd 0.41% of their portfolio CENTRAL, K3 147,655147.7k $20.3m $20.3m 0.41% Unchanged
50 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 145,795145.8k $20.1m $20.1m 0.01% Reduced -75.3k -75,320
51 Robeco Institutional Asset Management B.V. 0.03% of their portfolio ROTTERDAM, P7 145,535145.5k $20.0m $20.0m 0.03% Reduced -24.7k -24,667
52 MACKENZIE FINANCIAL CORP 0.02% of their portfolio TORONTO ONTARIO, A6 138,044138.0k $19.4m $19.4m 0.02% Reduced -50.7k -50,738
53 ASSETMARK, INC 0.04% of their portfolio CONCORD, CA 130,869130.9k $18.0m $18.0m 0.04% Added +82.3k +82,312
54 Crossmark Global Holdings, Inc. 0.24% of their portfolio HOUSTON, TX 123,275123.3k $17.0m $17.0m 0.24% Reduced -9 -9
55 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 122,904122.9k $16.9m $16.9m 0.02% Reduced -15.9k -15,911
56 Balyasny Asset Management L.P. 0.03% of their portfolio Chicago, IL 119,303119.3k $16.4m $16.4m 0.03% New
57 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 115,674115.7k $15.9m $15.9m 0.01% Added +54.7k +54,679
58 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.02% of their portfolio CAUSEWAY BAY, K3 112,498112.5k $15.5m $15.5m 0.02% Reduced -32.9k -32,928
59 Perseverance Asset Management International 2.22% of their portfolio GEORGE TOWN, E9 110,000110.0k $15.1m $15.1m 2.22% Reduced -2.0k -2,000
60 Capital Wealth Planning, LLC 0.10% of their portfolio NAPLES, FL 105,551105.6k $15.6m $15.6m 0.10% Added +28.8k +28,800
61 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.05% of their portfolio COLUMBUS, OH 105,480105.5k $14.5m $14.5m 0.05% Unchanged
62 Legal & General Group Plc 0.00% of their portfolio London, X0 98,05598.1k $13.5m $13.5m 0.00% Reduced -26.8k -26,809
63 NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio ALBANY, NY 97,38697.4k $13.4m $13.4m 0.02% Reduced -42.4k -42,358
64 MY.Alpha Management HK Advisors Ltd 6.49% of their portfolio HONG KONG, K3 87,87187.9k $12.1m $12.1m 6.49% New
65 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 80,24880.2k $11.1m $11.1m 0.01% Added +6.8k +6,778
66 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 79,20779.2k $10.9m $10.9m 0.01% Added +76.6k +76,627
67 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 77,50277.5k $10.7m $10.7m 0.02% Reduced -5.8k -5,783
68 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 73,02473.0k $10.0m $10.0m 0.01% Reduced -6.4k -6,443
69 CI INVESTMENTS INC. 0.04% of their portfolio TORONTO, Z4 72,35672.4k $10.0m $10.0m 0.04% Added +6.0k +6,011
70 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 71,46871.5k $9.8m $9.8m 0.00% Added +37.6k +37,610
71 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 71,00471.0k $9.8m $9.8m 0.00% Reduced -3.2k -3,167
72 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 70,88070.9k $9.8m $9.8m 0.00% Reduced -112.5k -112,473
73 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 69,94769.9k $9.6m $9.6m 0.01% Added +66.5k +66,488
74 Guinness Asset Management LTD 0.16% of their portfolio LONDON, X0 69,93769.9k $9.7m $9.7m 0.16% Added +120 +120
75 AVIVA PLC 0.02% of their portfolio LONDON, X0 68,82868.8k $9.5m $9.5m 0.02% Reduced -4.8k -4,830
76 Mitsubishi UFJ Trust & Banking Corp 0.02% of their portfolio TOKYO, M0 67,21167.2k $9.2m $9.2m 0.02% Added +12.2k +12,173
77 Taikang Asset Management (Hong Kong) Co Ltd 0.84% of their portfolio HONG KONG, K3 62,00062.0k $8.5m $8.5m 0.84% Added +7.0k +7,000
78 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 61,61661.6k $8.5m $8.5m 0.01% Reduced -1.4k -1,428
79 AXIOM INVESTORS LLC /DE 0.07% of their portfolio GREENWICH, CT 60,16260.2k $8.3m $8.3m 0.07% Reduced -18.8k -18,814
80 Ninety One SA (Pty) Ltd 0.35% of their portfolio Cape Town, T3 59,30359.3k $8.2m $8.2m 0.35% Reduced -57.7k -57,723
81 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 52,04152.0k $7.2m $7.2m 0.00% Added +8.2k +8,200
82 Strategic Global Advisors, LLC 1.09% of their portfolio NEWPORT BEACH, CA 51,37651.4k $7.1m $7.1m 1.09% Reduced -1.8k -1,800
83 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.04% of their portfolio Stamford, CT 49,61749.6k $6.8m $6.8m 0.04% Added +7.1k +7,105
84 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 49,55249.6k $6.8m $6.8m 0.01% Reduced -32.2k -32,238
85 Mariner, LLC 0.01% of their portfolio Overland Park, KS 47,27747.3k $6.5m $6.5m 0.01% Reduced -244 -244
86 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 46,50746.5k $6.4m $6.4m 0.00% Reduced -25.8k -25,836
87 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 43,71043.7k $6.0m $6.0m 0.00% Added +3.9k +3,914
88 KBC Group NV 0.01% of their portfolio Brussels, C9 42,30842.3k $5.8m $5.8m 0.01% Unchanged
89 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 41,16441.2k $5.7m $5.7m 0.01% Reduced -18.7k -18,680
90 Quadrature Capital Ltd 0.06% of their portfolio LONDON, X0 41,01241.0k $5.6m $5.6m 0.06% New
91 EDMOND DE ROTHSCHILD HOLDING S.A. 0.08% of their portfolio CHAMBESY, V8 40,00040.0k $5.5m $5.5m 0.08% Added +2.4k +2,400
92 MANNING & NAPIER ADVISORS LLC 0.07% of their portfolio Fairport, NY 39,60739.6k $5.6m $5.6m 0.07% Reduced -930 -930
93 EXCHANGE TRADED CONCEPTS, LLC 0.05% of their portfolio Oklahoma City, OK 39,50939.5k $5.4m $5.4m 0.05% Reduced -10.7k -10,735
94 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 38,85738.9k $5.3m $5.3m 0.00% Reduced -131.9k -131,900
95 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 38,78438.8k $5.3m $5.3m 0.00% Added +19.4k +19,400
96 Ativo Capital Management LLC 4.47% of their portfolio CHICAGO, IL 37,08637.1k $5.1m $5.1m 4.47% Reduced -4.2k -4,250
97 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 36,53536.5k $5.0m $5.0m 0.00% Added +1.3k +1,292
98 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 34,95635.0k $4.8m $4.8m 0.00% Reduced -28.1k -28,115
99 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 34,48334.5k $4.7m $4.7m 0.01% Reduced -4.4k -4,424
100 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 33,53933.5k $4.6m $4.6m 0.01% Added +2.5k +2,452