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 ($428.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.94. Options: 4 managers hold calls ($621.3k notional), 2 hold puts ($2.4k).
Trends to Q2 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 |
| Q2 2025 | 67 |
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 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 |
| Q2 2025 | 33 | 35 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $1.1m | $432.8k | 0.41 |
| Q4 2024 | $426.5k | $34.8k | 0.08 |
| Q1 2025 | $37.8k | $163.8k | 4.33 |
| Q2 2025 | $621.3k | $2.4k | 0.00 |
Biggest buyers
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | New | +1.2m |
| FIL Ltd | Added | +663.9k |
| Nuveen, LLC | Added | +261.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | New | +59.4k |
| GOLDMAN SACHS GROUP INC | New | +45.4k |
| BlackRock, Inc. | Added | +44.7k |
| MORGAN STANLEY | Added | +39.7k |
| Y-Intercept (Hong Kong) Ltd | New | +34.6k |
| CITADEL ADVISORS LLC | Added | +31.9k |
| Pictet Asset Management Holding SA | Added | +26.8k |
Biggest sellers
| Davis Selected Advisers | Reduced | -633.2k |
| PLATINUM INVESTMENT MANAGEMENT LTD | Reduced | -456.3k |
| HSG Holding Ltd | Reduced | -112.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -80.2k |
| Trexquant Investment LP | Sold out | -68.7k |
| FMR LLC | Reduced | -57.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -51.5k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -45.4k |
| Janney Montgomery Scott LLC | Sold out | -37.4k |
| D. E. Shaw & Co., Inc. | Reduced | -32.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $471.6k39.5k shares |
| SIMPLEX TRADING, LLC | New | $84.0k7.1k shares |
| GROUP ONE TRADING LLC | Added | $65.7k5.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| GROUP ONE TRADING LLC | Reduced | $2.4k200 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 Q2 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 Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| Yiheng Capital Management, L.P. 29.06% of their portfolio | 6.7m $80.2m | Unchanged |
| FIL Ltd 0.05% of their portfolio | 4.9m $58.8m | Added +663.9k |
| HSG Holding Ltd 1.77% of their portfolio | 2.9m $34.3m | Reduced -112.1k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 2.0m $23.9m | Unchanged |
| Tiger Pacific Capital LP 7.45% of their portfolio | 1.9m $22.5m | Unchanged |
| PLATINUM INVESTMENT MANAGEMENT LTD 1.11% of their portfolio | 1.4m $16.6m | Reduced -456.3k |
| BlackRock, Inc. 0.00% of their portfolio | 1.2m $14.3m | Added +44.7k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio | 1.2m $14.1m | New |
| Davis Selected Advisers 0.07% of their portfolio | 1.0m $12.2m | Reduced -633.2k |
| FMR LLC 0.00% of their portfolio | 721.4k $8.6m | Reduced -57.8k |
| ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio | 686.2k $8.2m | Reduced -10.7k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 428.0k $5.1m | Added +18.9k |
| Prescott Group Capital Management, L.L.C. 0.58% of their portfolio | 414.3k $4.9m | Reduced -25.5k |
| Nuveen, LLC 0.00% of their portfolio | 298.5k $3.6m | Added +261.5k |
| STATE STREET CORP 0.00% of their portfolio | 224.5k $2.7m | Added +24.6k |
| First Beijing Investment Ltd 0.12% of their portfolio | 175.3k $2.1m | Added +11.9k |
| MORGAN STANLEY 0.00% of their portfolio | 147.0k $1.8m | Added +39.7k |
| UBS Group AG 0.00% of their portfolio | 141.1k $1.7m | Added +10.6k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 139.5k $1.7m | Added +2.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 99.9k $1.2m | Added +2.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 73.7k $879.6k | Reduced -80.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 69.5k $829.7k | Added +863 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 59.4k $708.9k | New |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 51.3k $612.5k | Reduced -25.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 46.7k $557.3k | Added +31.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 45.4k $542.7k | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 39.9k $476.8k | Reduced -27.1k |
| Eschler Asset Management LLP 0.34% of their portfolio | 37.1k $450.8k | Reduced -22.5k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 35.6k $428.6k | Added +3.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 35.5k $424.0k | Added +15.7k |
| Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio | 34.6k $412.9k | New |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 32.3k $386.0k | Added +3.7k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 32.0k $383.6k | Reduced -6.0k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 30.2k $360.6k | Added +26.8k |
| STOREBRAND ASSET MANAGEMENT AS 0.00% of their portfolio | 30.0k $358.5k | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 29.7k $354.5k | Reduced -1.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 26.9k $321.1k | Added +4.1k |
| Ballentine Partners, LLC 0.00% of their portfolio | 26.8k $320.3k | Added +4.6k |
| CITIGROUP INC 0.00% of their portfolio | 26.1k $312.0k | Added +2.7k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 25.6k $305.9k | New |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 24.9k $283.7k | Added +200 |
| Everstar Asset Management, LLC 0.17% of their portfolio | 23.0k $274.6k | Unchanged |
| Jain Global LLC 0.00% of their portfolio | 21.4k $255.1k | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 16.4k $195.9k | Reduced -32.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 14.8k $176.6k | Reduced -1.4k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 14.4k $171.6k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 13.7k $163.1k | Reduced -6.9k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 12.0k $143.7k | Reduced -9.3k |
| Creative Planning 0.00% of their portfolio | 11.3k $135.2k | Reduced -5.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 11.1k $132.4k | Unchanged |
| JBF Capital, Inc. 0.02% of their portfolio | 11.0k $131.3k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 7.5k $90.1k | Added +1.0k |
| SIGNATUREFD, LLC 0.00% of their portfolio | 5.8k $69.0k | Added +3.2k |
| Legal & General Group Plc 0.00% of their portfolio | 4.5k $53.8k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 3.2k $38.0k | Reduced -524 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 3.0k $36.0k | Reduced -32 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 2.0k $23.9k | Added +2.0k |
| Parallel Advisors, LLC 0.00% of their portfolio | 1.6k $19.2k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 493 $5.9k | Reduced -383 |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 319 $3.8k | New |
| MAI Capital Management 0.00% of their portfolio | 113 $1.4k | New |
| US BANCORP \DE\ 0.00% of their portfolio | 80 $955 | Added +38 |
| Blue Trust, Inc. 0.00% of their portfolio | 57 $681 | Unchanged |
| Bare Financial Services, Inc 0.00% of their portfolio | 36 $430 | New |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 23 $275 | Reduced -94 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 20 $239 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |