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 ($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
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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 21 | 37 |
| Q3 2023 | 24 | 36 |
| Q4 2023 | 33 | 30 |
| Q1 2024 | 42 | 25 |
| Q2 2024 | 28 | 48 |
| Q3 2024 | 34 | 33 |
| Q4 2024 | 44 | 29 |
| Q1 2025 | 34 | 32 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $2.5m | $912.9k | 0.37 |
| Q3 2024 | $1.1m | $432.8k | 0.41 |
| Q4 2024 | $426.5k | $34.8k | 0.08 |
| Q1 2025 | $37.8k | $163.8k | 4.33 |
Biggest buyers
| ACADIAN ASSET MANAGEMENT LLC | Added | +266.6k |
| FMR LLC | Added | +57.8k |
| UBS Group AG | Added | +52.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +51.5k |
| FRANKLIN RESOURCES INC | Added | +48.4k |
| Janney Montgomery Scott LLC | New | +37.4k |
| Russell Investments Group, Ltd. | Added | +30.3k |
| First Beijing Investment Ltd | Added | +26.7k |
| HSBC HOLDINGS PLC | Added | +25.3k |
| Eschler Asset Management LLP | Added | +24.7k |
Biggest sellers
| Pinpoint Asset Management Ltd | Reduced | -237.4k |
| PLATINUM INVESTMENT MANAGEMENT LTD | Reduced | -103.4k |
| NOMURA HOLDINGS INC | Sold out | -40.7k |
| JANE STREET GROUP, LLC | Reduced | -36.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -32.1k |
| Point72 Asset Management, L.P. | Reduced | -31.3k |
| Dodge & Cox | Sold out | -26.8k |
| Advisory Services Network, LLC | Sold out | -25.2k |
| Trexquant Investment LP | Reduced | -22.4k |
| BARCLAYS PLC | Reduced | -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.
| Holder | Stake |
|---|---|
| FIL Ltd 13G · institution +1.1 pts · filed 2026-05-06 | 9.9% |
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
| Manager | Shares | Change |
|---|---|---|
| Yiheng Capital Management, L.P. 22.32% of their portfolio | 6.7m $63.5m | Unchanged |
| FIL Ltd 0.04% of their portfolio | 4.3m $40.2m | Reduced -4.2k |
| HSG Holding Ltd 1.55% of their portfolio | 3.0m $26.5m | Unchanged |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 2.0m $18.9m | Added +48.4k |
| Tiger Pacific Capital LP 6.40% of their portfolio | 1.9m $17.8m | Unchanged |
| PLATINUM INVESTMENT MANAGEMENT LTD 1.01% of their portfolio | 1.8m $17.5m | Reduced -103.4k |
| Davis Selected Advisers 0.09% of their portfolio | 1.7m $15.6m | Reduced -10.9k |
| BlackRock, Inc. 0.00% of their portfolio | 1.2m $10.9m | Added +6.7k |
| FMR LLC 0.00% of their portfolio | 779.2k $7.4m | Added +57.8k |
| ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio | 697.0k $6.6m | Added +266.6k |
| Prescott Group Capital Management, L.L.C. 0.60% of their portfolio | 439.8k $4.2m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 409.0k $3.9m | Added +17.9k |
| STATE STREET CORP 0.00% of their portfolio | 199.9k $1.9m | Added +1.1k |
| First Beijing Investment Ltd 0.11% of their portfolio | 163.4k $1.5m | Added +26.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 153.9k $1.5m | Reduced -32.1k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 137.4k $1.3m | Reduced -2.5k |
| UBS Group AG 0.00% of their portfolio | 130.5k $1.2m | Added +52.8k |
| CREDIT AGRICOLE S A 0.00% of their portfolio | 110.0k $1.0m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 107.3k $1.0m | Added +8.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 97.8k $923.8k | Added +13.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 76.5k $722.9k | Added +14.6k |
| Trexquant Investment LP 0.01% of their portfolio | 68.7k $648.9k | Reduced -22.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 68.6k $648.6k | Reduced -21.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 67.0k $633.4k | Added +18.8k |
| Pinpoint Asset Management Ltd 0.10% of their portfolio | 63.9k $604.1k | Reduced -237.4k |
| Eschler Asset Management LLP 1.39% of their portfolio | 59.6k $563.2k | Added +24.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 51.5k $486.8k | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 49.2k $464.5k | Added +10.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 45.4k $428.7k | Reduced -4.9k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 38.0k $361.6k | Added +25.3k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 37.4k $354.0k | New |
| Nuveen, LLC 0.00% of their portfolio | 37.0k $349.6k | First filing |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 32.4k $328.3k | Added +30.3k |
| Invesco Ltd. 0.00% of their portfolio | 30.9k $291.8k | Added +2.0k |
| STOREBRAND ASSET MANAGEMENT AS 0.00% of their portfolio | 30.0k $283.7k | Unchanged |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 28.6k $270.6k | Reduced -5.6k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 24.7k $233.5k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 23.4k $221.0k | Added +8.6k |
| Everstar Asset Management, LLC 0.14% of their portfolio | 23.0k $217.3k | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 22.8k $215.6k | Added +1.7k |
| Ballentine Partners, LLC 0.00% of their portfolio | 22.3k $210.4k | Reduced -5.3k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 21.3k $201.6k | Added +7.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 20.6k $194.3k | First filing |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 19.8k $187.0k | Added +1.7k |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 18.0k $169.9k | Added +13.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 17.1k $162.0k | Added +16.9k |
| Creative Planning 0.00% of their portfolio | 16.5k $155.7k | Reduced -648 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 16.2k $152.7k | Reduced -2.9k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 15.2k $143.7k | Reduced -31.3k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 14.8k $139.8k | Added +6.9k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 14.4k $135.8k | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 13.5k $128.0k | Reduced -36.0k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 11.6k $109.9k | New |
| QUADRANT CAPITAL GROUP LLC 0.00% of their portfolio | 11.5k $108.4k | Reduced -729 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 11.1k $104.8k | Unchanged |
| JBF Capital, Inc. 0.02% of their portfolio | 11.0k $104.0k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 6.5k $61.7k | Reduced -22.1k |
| Legal & General Group Plc 0.00% of their portfolio | 4.5k $42.6k | Unchanged |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 4.4k $42.0k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 3.7k $35.0k | Added +2.7k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 3.4k $32.1k | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 3.0k $28.8k | Reduced -2.2k |
| SIGNATUREFD, LLC 0.00% of their portfolio | 2.6k $24.3k | Reduced -312 |
| Parallel Advisors, LLC 0.00% of their portfolio | 1.6k $15.2k | Reduced -156 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 876 $8.3k | Reduced -1.5k |
| SVB WEALTH LLC 0.00% of their portfolio | 277 $2.6k | New |
| Headlands Technologies LLC 0.00% of their portfolio | 259 $2.4k | Reduced -820 |
| Lindbrook Capital, LLC 0.00% of their portfolio | 169 $1.6k | Reduced -66 |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 117 $1.1k | Reduced -70 |
| Blue Trust, Inc. 0.00% of their portfolio | 57 $539 | New |
| US BANCORP \DE\ 0.00% of their portfolio | 42 $397 | Added +18 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 20 $189 | New |
| PRINCIPAL SECURITIES, INC. 0.00% of their portfolio | 17 $199 | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1 $7 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |