Vault-13

NOAH HLDGS LTD NOAH

SPON ADS · ADR · CUSIP 65487X102 · ISIN US65487X1028

Chinese Wealth Management Company

75 institutional holders -1 vs Q4 2024
27,052,52127.1m shares reported held*
$253.8mreported value*
8 new 26 added 24 reduced 8 sold out net bought ≈ $1.0m (+110.8k 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 ($472.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.38. Options: 3 managers hold calls ($37.8k notional), 4 hold puts ($163.8k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 81Q4 22: 70Q1 23: 69Q2 23: 67Q3 23: 72Q4 23: 70Q1 24: 80Q2 24: 73Q3 24: 73Q4 24: 76Q1 25: 7575Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202281
Q4 202270
Q1 202369
Q2 202367
Q3 202372
Q4 202370
Q1 202480
Q2 202473
Q3 202473
Q4 202476
Q1 202575

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q2 23: 21 bought or addedQ2 23: 37 cut or sold outQ3 23: 24 bought or addedQ3 23: 36 cut or sold outQ3 23Q4 23: 33 bought or addedQ4 23: 30 cut or sold outQ1 24: 42 bought or addedQ1 24: 25 cut or sold outQ1 24Q2 24: 28 bought or addedQ2 24: 48 cut or sold outQ3 24: 34 bought or addedQ3 24: 33 cut or sold outQ3 24Q4 24: 44 bought or addedQ4 24: 29 cut or sold outQ1 25: 34 bought or addedQ1 25: 32 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20232137
Q3 20232436
Q4 20233330
Q1 20244225
Q2 20242848
Q3 20243433
Q4 20244429
Q1 20253432

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ2 24 calls: $2.5mQ2 24 puts: $912.9kQ2 24P/C 0.37Q3 24 calls: $1.1mQ3 24 puts: $432.8kQ3 24P/C 0.41Q4 24 calls: $426.5kQ4 24 puts: $34.8kQ4 24P/C 0.08Q1 25 calls: $37.8kQ1 25 puts: $163.8kQ1 25P/C 4.33
Numbers
QuarterCallsPutsP/C
Q2 2024$2.5m$912.9k0.37
Q3 2024$1.1m$432.8k0.41
Q4 2024$426.5k$34.8k0.08
Q1 2025$37.8k$163.8k4.33

Biggest buyers

ACADIAN ASSET MANAGEMENT LLC Added +266,602+266.6k
FMR LLC Added +57,799+57.8k
UBS Group AG Added +52,812+52.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +51,509+51.5k
FRANKLIN RESOURCES INC Added +48,449+48.4k
Janney Montgomery Scott LLC New +37,426+37.4k
Russell Investments Group, Ltd. Added +30,274+30.3k
First Beijing Investment Ltd Added +26,710+26.7k
HSBC HOLDINGS PLC Added +25,263+25.3k
Eschler Asset Management LLP Added +24,700+24.7k

Biggest sellers

Pinpoint Asset Management Ltd Reduced -237,423-237.4k
PLATINUM INVESTMENT MANAGEMENT LTD Reduced -103,362-103.4k
NOMURA HOLDINGS INC Sold out -40,700-40.7k
JANE STREET GROUP, LLC Reduced -35,985-36.0k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -32,080-32.1k
Point72 Asset Management, L.P. Reduced -31,292-31.3k
Dodge & Cox Sold out -26,840-26.8k
Advisory Services Network, LLC Sold out -25,205-25.2k
Trexquant Investment LP Reduced -22,404-22.4k
BARCLAYS PLC Reduced -22,136-22.1k

Biggest calls

GROUP ONE TRADING LLC Reduced $18.9k2.0k shares
CITADEL ADVISORS LLC Reduced $18.9k2.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $112.5k11.9k shares
SIMPLEX TRADING, LLC Added $40.0k4.3k shares
GROUP ONE TRADING LLC Added $11.3k1.2k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

HolderStakeChangeShares Last filed
FIL Ltd 13G · institution +1.1 pts · filed 2026-05-06 9.9% +1.1 pts 33.5m 2026-05-06

Insider purchases and sales in Q1 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 Q1 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Yiheng Capital Management, L.P. 22.32% of their portfolio SAN FRANCISCO, CA 6,719,7226.7m $63.5m $63.5m 22.32% Unchanged
2 FIL Ltd 0.04% of their portfolio HAMILTON, D0 4,256,6014.3m $40.2m $40.2m 0.04% Reduced -4.2k -4,189
3 HSG Holding Ltd 1.55% of their portfolio NA, K3 2,988,8303.0m $26.5m $26.5m 1.55% Unchanged
4 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 2,003,8092.0m $18.9m $18.9m 0.01% Added +48.4k +48,449
5 Tiger Pacific Capital LP 6.40% of their portfolio NEW YORK, NY 1,880,8651.9m $17.8m $17.8m 6.40% Unchanged
6 PLATINUM INVESTMENT MANAGEMENT LTD 1.01% of their portfolio SYDNEY AUSTRALIA 2000, C3 1,849,3891.8m $17.5m $17.5m 1.01% Reduced -103.4k -103,362
7 Davis Selected Advisers 0.09% of their portfolio Tucson, AZ 1,654,8171.7m $15.6m $15.6m 0.09% Reduced -10.9k -10,879
8 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,155,8001.2m $10.9m $10.9m 0.00% Added +6.7k +6,651
9 FMR LLC 0.00% of their portfolio BOSTON, MA 779,199779.2k $7.4m $7.4m 0.00% Added +57.8k +57,799
10 ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio Boston, MA 696,967697.0k $6.6m $6.6m 0.02% Added +266.6k +266,602
11 Prescott Group Capital Management, L.L.C. 0.60% of their portfolio Tulsa, OK 439,824439.8k $4.2m $4.2m 0.60% Unchanged
12 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 409,031409.0k $3.9m $3.9m 0.00% Added +17.9k +17,872
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 199,900199.9k $1.9m $1.9m 0.00% Added +1.1k +1,146
14 First Beijing Investment Ltd 0.11% of their portfolio HONG KONG, K3 163,443163.4k $1.5m $1.5m 0.11% Added +26.7k +26,710
15 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 153,916153.9k $1.5m $1.5m 0.00% Reduced -32.1k -32,080
16 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 137,415137.4k $1.3m $1.3m 0.00% Reduced -2.5k -2,531
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 130,455130.5k $1.2m $1.2m 0.00% Added +52.8k +52,812
18 CREDIT AGRICOLE S A 0.00% of their portfolio Montrouge Cedex, I0 110,000110.0k $1.0m $1.0m 0.00% Unchanged
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 107,291107.3k $1.0m $1.0m 0.00% Added +8.1k +8,110
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 97,75697.8k $923.8k $923.8k 0.00% Added +13.9k +13,854
21 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 76,50076.5k $722.9k $722.9k 0.00% Added +14.6k +14,618
22 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 68,66768.7k $648.9k $648.9k 0.01% Reduced -22.4k -22,404
23 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 68,63068.6k $648.6k $648.6k 0.00% Reduced -21.6k -21,628
24 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 67,02267.0k $633.4k $633.4k 0.00% Added +18.8k +18,806
25 Pinpoint Asset Management Ltd 0.10% of their portfolio HONG KONG, K3 63,92963.9k $604.1k $604.1k 0.10% Reduced -237.4k -237,423
26 Eschler Asset Management LLP 1.39% of their portfolio London, X0 59,60059.6k $563.2k $563.2k 1.39% Added +24.7k +24,700
27 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 51,50951.5k $486.8k $486.8k 0.00% New
28 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 49,15549.2k $464.5k $464.5k 0.00% Added +10.4k +10,395
29 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 45,36245.4k $428.7k $428.7k 0.00% Reduced -4.9k -4,947
30 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 38,00238.0k $361.6k $361.6k 0.00% Added +25.3k +25,263
31 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 37,42637.4k $354.0k $354.0k 0.00% New
32 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 37,00037.0k $349.6k $349.6k 0.00% First filing
33 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 32,37632.4k $328.3k $328.3k 0.00% Added +30.3k +30,274
34 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 30,88030.9k $291.8k $291.8k 0.00% Added +2.0k +2,047
35 STOREBRAND ASSET MANAGEMENT AS 0.00% of their portfolio LYSAKER, Q8 30,02430.0k $283.7k $283.7k 0.00% Unchanged
36 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 28,63228.6k $270.6k $270.6k 0.00% Reduced -5.6k -5,641
37 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 24,70924.7k $233.5k $233.5k 0.00% Unchanged
38 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 23,38723.4k $221.0k $221.0k 0.00% Added +8.6k +8,646
39 Everstar Asset Management, LLC 0.14% of their portfolio MOORESVILLE, NC 23,00023.0k $217.3k $217.3k 0.14% New
40 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 22,81622.8k $215.6k $215.6k 0.00% Added +1.7k +1,652
41 Ballentine Partners, LLC 0.00% of their portfolio Waltham, MA 22,26122.3k $210.4k $210.4k 0.00% Reduced -5.3k -5,304
42 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 21,33621.3k $201.6k $201.6k 0.00% Added +7.0k +7,046
43 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 20,56220.6k $194.3k $194.3k 0.00% First filing
44 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 19,79619.8k $187.0k $187.0k 0.00% Added +1.7k +1,693
45 Cubist Systematic Strategies, LLC 0.00% of their portfolio STAMFORD, CT 17,98018.0k $169.9k $169.9k 0.00% Added +13.6k +13,564
46 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 17,13917.1k $162.0k $162.0k 0.00% Added +16.9k +16,941
47 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 16,47716.5k $155.7k $155.7k 0.00% Reduced -648 -648
48 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 16,15716.2k $152.7k $152.7k 0.00% Reduced -2.9k -2,928
49 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 15,20815.2k $143.7k $143.7k 0.00% Reduced -31.3k -31,292
50 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 14,78914.8k $139.8k $139.8k 0.00% Added +6.9k +6,859
51 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 14,36914.4k $135.8k $135.8k 0.00% Unchanged
52 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 13,54913.5k $128.0k $128.0k 0.00% Reduced -36.0k -35,985
53 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 11,62911.6k $109.9k $109.9k 0.00% New
54 QUADRANT CAPITAL GROUP LLC 0.00% of their portfolio CINCINNATI, OH 11,46611.5k $108.4k $108.4k 0.00% Reduced -729 -729
55 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 11,09011.1k $104.8k $104.8k 0.00% Unchanged
56 JBF Capital, Inc. 0.02% of their portfolio Aspen, CO 11,00011.0k $104.0k $104.0k 0.02% Unchanged
57 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 6,5246.5k $61.7k $61.7k 0.00% Reduced -22.1k -22,136
58 Legal & General Group Plc 0.00% of their portfolio London, X0 4,5034.5k $42.6k $42.6k 0.00% Unchanged
59 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 4,4484.4k $42.0k $42.0k 0.00% New
60 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,7053.7k $35.0k $35.0k 0.00% Added +2.7k +2,740
61 Pictet Asset Management Holding SA 0.00% of their portfolio CAROUGE, V8 3,4003.4k $32.1k $32.1k 0.00% Unchanged
62 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 3,0483.0k $28.8k $28.8k 0.00% Reduced -2.2k -2,179
63 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 2,5712.6k $24.3k $24.3k 0.00% Reduced -312 -312
64 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,6071.6k $15.2k $15.2k 0.00% Reduced -156 -156
65 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 876876 $8.3k $8.3k 0.00% Reduced -1.5k -1,495
66 SVB WEALTH LLC 0.00% of their portfolio BOSTON, MA 277277 $2.6k $2.6k 0.00% New
67 Headlands Technologies LLC 0.00% of their portfolio CHICAGO, IL 259259 $2.4k $2.4k 0.00% Reduced -820 -820
68 Lindbrook Capital, LLC 0.00% of their portfolio CALABASAS, CA 169169 $1.6k $1.6k 0.00% Reduced -66 -66
69 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 117117 $1.1k $1.1k 0.00% Reduced -70 -70
70 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 5757 $539 $539 0.00% New
71 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 4242 $397 $397 0.00% Added +18 +18
72 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 2020 $189 $189 0.00% New
73 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 1717 $199 $199 0.00% Unchanged
74 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $7 $7 0.00% Unchanged
75 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged