Vault-13

NOAH HLDGS LTD NOAH

SPON ADS · ADR · CUSIP 65487X102 · ISIN US65487X1028

Chinese Wealth Management Company

67 institutional holders -8 vs Q1 2025
27,631,23927.6m shares reported held*
$329.9mreported value*
9 new 24 added 21 reduced 14 sold out net bought ≈ $8.8m (+740.9k 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 ($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

050100Q3 22: 81Q4 22: 70Q1 23: 69Q2 23: 67Q3 23: 72Q4 23: 70Q1 24: 80Q2 24: 73Q3 24: 73Q4 24: 76Q1 25: 75Q2 25: 6767Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 202567

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 23: 24 bought or addedQ3 23: 36 cut or sold outQ4 23: 33 bought or addedQ4 23: 30 cut or sold outQ4 23Q1 24: 42 bought or addedQ1 24: 25 cut or sold outQ2 24: 28 bought or addedQ2 24: 48 cut or sold outQ2 24Q3 24: 34 bought or addedQ3 24: 33 cut or sold outQ4 24: 44 bought or addedQ4 24: 29 cut or sold outQ4 24Q1 25: 34 bought or addedQ1 25: 32 cut or sold outQ2 25: 33 bought or addedQ2 25: 35 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232436
Q4 20233330
Q1 20244225
Q2 20242848
Q3 20243433
Q4 20244429
Q1 20253432
Q2 20253335

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 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 4.33Q2 25 calls: $621.3kQ2 25 puts: $2.4kQ2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$1.1m$432.8k0.41
Q4 2024$426.5k$34.8k0.08
Q1 2025$37.8k$163.8k4.33
Q2 2025$621.3k$2.4k0.00

Biggest buyers

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. New +1,183,263+1.2m
FIL Ltd Added +663,913+663.9k
Nuveen, LLC Added +261,504+261.5k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +59,370+59.4k
GOLDMAN SACHS GROUP INC New +45,449+45.4k
BlackRock, Inc. Added +44,719+44.7k
MORGAN STANLEY Added +39,718+39.7k
Y-Intercept (Hong Kong) Ltd New +34,583+34.6k
CITADEL ADVISORS LLC Added +31,886+31.9k
Pictet Asset Management Holding SA Added +26,800+26.8k

Biggest sellers

Davis Selected Advisers Reduced -633,232-633.2k
PLATINUM INVESTMENT MANAGEMENT LTD Reduced -456,336-456.3k
HSG Holding Ltd Reduced -112,110-112.1k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -80,246-80.2k
Trexquant Investment LP Sold out -68,667-68.7k
FMR LLC Reduced -57,799-57.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -51,509-51.5k
MILLENNIUM MANAGEMENT LLC Sold out -45,362-45.4k
Janney Montgomery Scott LLC Sold out -37,426-37.4k
D. E. Shaw & Co., Inc. Reduced -32,749-32.7k

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.

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 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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Yiheng Capital Management, L.P. 29.06% of their portfolio SAN FRANCISCO, CA 6,719,7226.7m $80.2m $80.2m 29.06% Unchanged
2 FIL Ltd 0.05% of their portfolio HAMILTON, D0 4,920,5144.9m $58.8m $58.8m 0.05% Added +663.9k +663,913
3 HSG Holding Ltd 1.77% of their portfolio NA, K3 2,876,7202.9m $34.3m $34.3m 1.77% Reduced -112.1k -112,110
4 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 2,003,8092.0m $23.9m $23.9m 0.01% Unchanged
5 Tiger Pacific Capital LP 7.45% of their portfolio NEW YORK, NY 1,880,8651.9m $22.5m $22.5m 7.45% Unchanged
6 PLATINUM INVESTMENT MANAGEMENT LTD 1.11% of their portfolio SYDNEY AUSTRALIA 2000, C3 1,393,0531.4m $16.6m $16.6m 1.11% Reduced -456.3k -456,336
7 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,200,5191.2m $14.3m $14.3m 0.00% Added +44.7k +44,719
8 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio CAUSEWAY BAY, K3 1,183,2631.2m $14.1m $14.1m 0.03% New
9 Davis Selected Advisers 0.07% of their portfolio Tucson, AZ 1,021,5851.0m $12.2m $12.2m 0.07% Reduced -633.2k -633,232
10 FMR LLC 0.00% of their portfolio BOSTON, MA 721,400721.4k $8.6m $8.6m 0.00% Reduced -57.8k -57,799
11 ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio Boston, MA 686,243686.2k $8.2m $8.2m 0.02% Reduced -10.7k -10,724
12 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 427,966428.0k $5.1m $5.1m 0.00% Added +18.9k +18,935
13 Prescott Group Capital Management, L.L.C. 0.58% of their portfolio Tulsa, OK 414,276414.3k $4.9m $4.9m 0.58% Reduced -25.5k -25,548
14 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 298,504298.5k $3.6m $3.6m 0.00% Added +261.5k +261,504
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 224,515224.5k $2.7m $2.7m 0.00% Added +24.6k +24,615
16 First Beijing Investment Ltd 0.12% of their portfolio HONG KONG, K3 175,328175.3k $2.1m $2.1m 0.12% Added +11.9k +11,885
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 147,009147.0k $1.8m $1.8m 0.00% Added +39.7k +39,718
18 UBS Group AG 0.00% of their portfolio ZURICH, V8 141,084141.1k $1.7m $1.7m 0.00% Added +10.6k +10,629
19 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 139,499139.5k $1.7m $1.7m 0.00% Added +2.1k +2,084
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 99,91999.9k $1.2m $1.2m 0.00% Added +2.2k +2,163
21 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 73,67073.7k $879.6k $879.6k 0.00% Reduced -80.2k -80,246
22 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 69,49369.5k $829.7k $829.7k 0.00% Added +863 +863
23 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 59,37059.4k $708.9k $708.9k 0.00% New
24 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 51,30051.3k $612.5k $612.5k 0.00% Reduced -25.2k -25,200
25 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 46,67546.7k $557.3k $557.3k 0.00% Added +31.9k +31,886
26 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 45,44945.4k $542.7k $542.7k 0.00% New
27 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 39,93039.9k $476.8k $476.8k 0.00% Reduced -27.1k -27,092
28 Eschler Asset Management LLP 0.34% of their portfolio London, X0 37,10037.1k $450.8k $450.8k 0.34% Reduced -22.5k -22,500
29 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 35,62735.6k $428.6k $428.6k 0.00% Added +3.3k +3,251
30 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 35,45235.5k $424.0k $424.0k 0.00% Added +15.7k +15,656
31 Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio HONG KONG, K3 34,58334.6k $412.9k $412.9k 0.01% New
32 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 32,32932.3k $386.0k $386.0k 0.00% Added +3.7k +3,697
33 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 32,00432.0k $383.6k $383.6k 0.00% Reduced -6.0k -5,998
34 Pictet Asset Management Holding SA 0.00% of their portfolio CAROUGE, V8 30,20030.2k $360.6k $360.6k 0.00% Added +26.8k +26,800
35 STOREBRAND ASSET MANAGEMENT AS 0.00% of their portfolio LYSAKER, Q8 30,02430.0k $358.5k $358.5k 0.00% Unchanged
36 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 29,69029.7k $354.5k $354.5k 0.00% Reduced -1.2k -1,190
37 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 26,89626.9k $321.1k $321.1k 0.00% Added +4.1k +4,080
38 Ballentine Partners, LLC 0.00% of their portfolio Waltham, MA 26,82426.8k $320.3k $320.3k 0.00% Added +4.6k +4,563
39 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 26,12826.1k $312.0k $312.0k 0.00% Added +2.7k +2,741
40 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 25,62325.6k $305.9k $305.9k 0.00% New
41 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 24,90924.9k $283.7k $283.7k 0.00% Added +200 +200
42 Everstar Asset Management, LLC 0.17% of their portfolio MOORESVILLE, NC 23,00023.0k $274.6k $274.6k 0.17% Unchanged
43 Jain Global LLC 0.00% of their portfolio NEW YORK, NY 21,36521.4k $255.1k $255.1k 0.00% New
44 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 16,40616.4k $195.9k $195.9k 0.00% Reduced -32.7k -32,749
45 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 14,78714.8k $176.6k $176.6k 0.00% Reduced -1.4k -1,370
46 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 14,36914.4k $171.6k $171.6k 0.00% Unchanged
47 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 13,65813.7k $163.1k $163.1k 0.00% Reduced -6.9k -6,904
48 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 12,03212.0k $143.7k $143.7k 0.00% Reduced -9.3k -9,304
49 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 11,32111.3k $135.2k $135.2k 0.00% Reduced -5.2k -5,156
50 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 11,09011.1k $132.4k $132.4k 0.00% Unchanged
51 JBF Capital, Inc. 0.02% of their portfolio Aspen, CO 11,00011.0k $131.3k $131.3k 0.02% Unchanged
52 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 7,5427.5k $90.1k $90.1k 0.00% Added +1.0k +1,018
53 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 5,7785.8k $69.0k $69.0k 0.00% Added +3.2k +3,207
54 Legal & General Group Plc 0.00% of their portfolio London, X0 4,5034.5k $53.8k $53.8k 0.00% Unchanged
55 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,1813.2k $38.0k $38.0k 0.00% Reduced -524 -524
56 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 3,0163.0k $36.0k $36.0k 0.00% Reduced -32 -32
57 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,0012.0k $23.9k $23.9k 0.00% Added +2.0k +2,000
58 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,6071.6k $19.2k $19.2k 0.00% Unchanged
59 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 493493 $5.9k $5.9k 0.00% Reduced -383 -383
60 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 319319 $3.8k $3.8k 0.00% New
61 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 113113 $1.4k $1.4k 0.00% New
62 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 8080 $955 $955 0.00% Added +38 +38
63 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 5757 $681 $681 0.00% Unchanged
64 Bare Financial Services, Inc 0.00% of their portfolio GAP, PA 3636 $430 $430 0.00% New
65 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 2323 $275 $275 0.00% Reduced -94 -94
66 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 2020 $239 $239 0.00% Unchanged
67 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged