NOAH HLDGS LTD NOAH
SPON ADS · ADR · CUSIP 65487X102 · ISIN US65487X1028
Chinese Wealth Management Company
- SectorFinancials
- IndustryInvestment Advice
- HeadquartersShanghai, People's Republic of China
- Websitenoahgroup.com
- FilingsSEC EDGAR
* 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 ($151.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.99. Options: 2 managers hold calls ($710.3k notional), 3 hold puts ($1.2m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 81 |
| Q4 2022 | 70 |
| Q1 2023 | 69 |
| Q2 2023 | 67 |
| Q3 2023 | 72 |
| Q4 2023 | 70 |
| Q1 2024 | 80 |
| Q2 2024 | 73 |
| Q3 2024 | 73 |
| Q4 2024 | 76 |
| Q1 2025 | 75 |
| Q2 2025 | 67 |
| Q3 2025 | 85 |
| Q4 2025 | 88 |
| Q1 2026 | 87 |
| Q2 2026 | 88 |
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 | 34 | 33 |
| Q4 2024 | 44 | 29 |
| Q1 2025 | 34 | 32 |
| Q2 2025 | 33 | 35 |
| Q3 2025 | 49 | 22 |
| Q4 2025 | 50 | 30 |
| Q1 2026 | 37 | 49 |
| Q2 2026 | 34 | 44 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $636.2k | $962.7k | 1.51 |
| Q4 2025 | $115.5k | $2.0m | 16.94 |
| Q1 2026 | $680.1k | $1.0m | 1.49 |
| Q2 2026 | $710.3k | $1.2m | 1.69 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +57.0k |
| FRANKLIN RESOURCES INC | Added | +50.6k |
| GSA CAPITAL PARTNERS LLP | New | +49.3k |
| FIL Ltd | Added | +41.5k |
| MARSHALL WACE, LLP | New | +35.6k |
| Qube Research & Technologies Ltd | New | +34.4k |
| Trexquant Investment LP | Added | +21.0k |
| TWO SIGMA INVESTMENTS, LP | New | +19.1k |
| RAMSEY QUANTITATIVE SYSTEMS | New | +10.5k |
| NORTHERN TRUST CORP | Added | +9.8k |
Biggest sellers
| UBS Group AG | Reduced | -523.8k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -114.4k |
| First Beijing Investment Ltd | Reduced | -97.4k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -85.8k |
| Davis Selected Advisers | Reduced | -57.1k |
| BlackRock, Inc. | Reduced | -37.9k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | Sold out | -29.2k |
| MORGAN STANLEY | Reduced | -26.9k |
| Abacus Wealth Partners, LLC | Sold out | -22.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -19.3k |
Biggest calls
| GROUP ONE TRADING LLC | Reduced | $499.5k50.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $210.8k21.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.0m105.1k shares |
| CITADEL ADVISORS LLC | New | $142.9k14.3k shares |
| GROUP ONE TRADING LLC | New | $6.0k600 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 |
|---|---|
| FIL Ltd 13G · institution +1.1 pts · filed 2026-05-06 | 9.9% |
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.
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| FIL Ltd 0.05% of their portfolio | 6.7m $67.3m | Added +41.5k |
| Yiheng Capital Management, L.P. 29.55% of their portfolio | 6.7m $67.1m | Unchanged |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 2.0m $20.2m | Added +50.6k |
| Tiger Pacific Capital LP 8.61% of their portfolio | 1.9m $18.8m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 1.2m $12.0m | Reduced -37.9k |
| PLATINUM INVESTMENT MANAGEMENT LTD 2.44% of their portfolio | 993.6k $9.9m | Unchanged |
| Davis Selected Advisers 0.04% of their portfolio | 964.5k $9.6m | Reduced -57.1k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 632.5k $6.3m | Reduced -114.4k |
| Prescott Group Capital Management, L.L.C. 0.38% of their portfolio | 445.0k $4.4m | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 438.0k $4.4m | Reduced -5.7k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 382.7k $3.8m | Reduced -85.8k |
| STATE STREET CORP 0.00% of their portfolio | 322.2k $3.2m | Added +8.9k |
| UBS Group AG 0.00% of their portfolio | 180.4k $1.8m | Reduced -523.8k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 160.7k $1.6m | Added +3.4k |
| CREDIT AGRICOLE S A 0.00% of their portfolio | 131.5k $1.3m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 104.3k $1.0m | Added +8.8k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 87.7k $876.1k | Added +57.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 79.3k $792.0k | Reduced -18.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 73.5k $734.2k | Added +9.8k |
| MORGAN STANLEY 0.00% of their portfolio | 69.2k $690.9k | Reduced -26.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 63.4k $633.5k | Reduced -12.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 60.2k $601.5k | Reduced -19.3k |
| Trexquant Investment LP 0.00% of their portfolio | 59.6k $595.1k | Added +21.0k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 55.2k $551.0k | Reduced -5.4k |
| GSA CAPITAL PARTNERS LLP 0.03% of their portfolio | 49.3k $493.0k | New |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 49.0k $489.5k | Added +5.9k |
| XTX Topco Ltd 0.01% of their portfolio | 45.4k $453.9k | Added +52 |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 42.9k $428.3k | Added +2.6k |
| First Beijing Investment Ltd 0.02% of their portfolio | 38.6k $385.6k | Reduced -97.4k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 35.6k $355.8k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 34.8k $347.9k | Added +7.8k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 34.4k $343.8k | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 32.6k $325.4k | Unchanged |
| SEI INVESTMENTS CO 0.00% of their portfolio | 32.4k $323.2k | Reduced -3.8k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 31.6k $315.7k | Reduced -10.0k |
| Verdad Advisers, LP 0.30% of their portfolio | 30.9k $308.9k | Unchanged |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 26.8k $269.1k | Added +6.8k |
| Invesco Ltd. 0.00% of their portfolio | 26.0k $259.4k | Reduced -3.3k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 24.9k $232.1k | Unchanged |
| Eschler Asset Management LLP 0.44% of their portfolio | 24.6k $245.8k | Unchanged |
| Ballentine Partners, LLC 0.00% of their portfolio | 21.7k $216.9k | Reduced -1.3k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 19.1k $190.8k | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 18.7k $186.4k | Reduced -13.0k |
| Pangea Capital Gestao de Recursos Ltda. 0.11% of their portfolio | 16.0k $159.8k | Unchanged |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 15.9k $158.5k | Unchanged |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 15.8k $157.8k | Reduced -5.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 15.5k $155.2k | Reduced -3.1k |
| SG Americas Securities, LLC 0.00% of their portfolio | 15.2k $152.0k | Added +3.5k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 15.0k $151.0k | Reduced -12.8k |
| Creative Planning 0.00% of their portfolio | 14.3k $142.4k | Added +4.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 12.6k $126.0k | Reduced -4.7k |
| Squarepoint Ops LLC 0.00% of their portfolio | 12.5k $125.1k | Reduced -2.4k |
| BARCLAYS PLC 0.00% of their portfolio | 11.0k $110.2k | Reduced -4.5k |
| JBF Capital, Inc. 0.01% of their portfolio | 11.0k $109.9k | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 10.9k $107.8k | Unchanged |
| RAMSEY QUANTITATIVE SYSTEMS 0.09% of their portfolio | 10.5k $104.9k | New |
| HRT FINANCIAL LP 0.00% of their portfolio | 10.0k $100.0k | Reduced -8.1k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 9.9k $91.9k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 9.5k $95.9k | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio | 6.3k $62.6k | Unchanged |
| SIGNATUREFD, LLC 0.00% of their portfolio | 5.9k $59.2k | Reduced -2.0k |
| Legal & General Group Plc 0.00% of their portfolio | 3.8k $38.0k | Unchanged |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.00% of their portfolio | 2.6k $26.0k | New |
| Parvin Asset Management, LLC 0.03% of their portfolio | 2.4k $42.7k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 2.0k $19.7k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.7k $17.0k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 1.3k $12.6k | Added +1.2k |
| Parallel Advisors, LLC 0.00% of their portfolio | 1.2k $11.9k | Reduced -46 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 1.2k $11.8k | Added +675 |
| Larson Financial Group LLC 0.00% of their portfolio | 835 $8.3k | Added +514 |
| Ameritas Advisory Services, LLC 0.00% of their portfolio | 522 $5.2k | New |
| Triumph Capital Management 0.00% of their portfolio | 400 $4.0k | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 306 $3.1k | Reduced -52 |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 169 $1.7k | New |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 153 $1.5k | Reduced -83 |
| Allworth Financial LP 0.00% of their portfolio | 146 $1.5k | Reduced -147 |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 124 $1.2k | Added +100 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 100 $999 | Reduced -28 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 76 $758 | Reduced -64 |
| Financial Network Wealth Advisors LLC 0.00% of their portfolio | 73 $729 | New |
| Silver Grove Financial Group, Inc. 0.00% of their portfolio | 69 $689 | New |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 53 $529 | Unchanged |
| Stone House Investment Management, LLC 0.00% of their portfolio | 51 $509 | Added +19 |
| Bare Financial Services, Inc 0.00% of their portfolio | 36 $360 | Unchanged |
| Smartleaf Asset Management LLC 0.00% of their portfolio | 16 $161 | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 4 $40 | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1 $7 | Reduced -17.0k |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 1 $10 | New |