SEA LTD SE
SPONSORD ADS · ADR · CUSIP 81141R100 · ISIN US81141R1005
* 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 ($11.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $43.96. Options: 44 managers hold calls ($1.4bn notional), 40 hold puts ($927.5m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 528 |
| Q4 2022 | 528 |
| Q1 2023 | 596 |
| Q2 2023 | 573 |
| Q3 2023 | 494 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 225 | 269 |
| Q1 2023 | 338 | 219 |
| Q2 2023 | 289 | 272 |
| Q3 2023 | 221 | 325 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $1.1bn | $773.1m | 0.68 |
| Q1 2023 | $1.3bn | $1.1bn | 0.83 |
| Q2 2023 | $754.0m | $841.4m | 1.12 |
| Q3 2023 | $1.4bn | $927.5m | 0.65 |
Biggest buyers
| TIGER GLOBAL MANAGEMENT LLC | Added | +8.3m |
| FMR LLC | Added | +5.3m |
| Atreides Management, LP | Added | +5.0m |
| BAILLIE GIFFORD & CO | Added | +4.3m |
| NORGES BANK | Added | +3.3m |
| Invesco Ltd. | Added | +2.8m |
| First Beijing Investment Ltd | Added | +1.6m |
| MORGAN STANLEY | Added | +1.4m |
| Point72 Asset Management, L.P. | Added | +1.2m |
| MARSHALL WACE, LLP | Added | +1.2m |
Biggest sellers
| Capital Research Global Investors | Reduced | -26.5m |
| Capital International Investors | Reduced | -5.9m |
| Clearbridge Investments, LLC | Sold out | -3.0m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -2.5m |
| Charles-Lim Capital Ltd | Reduced | -2.0m |
| HIMENSION CAPITAL (SINGAPORE) PTE. LTD. | Sold out | -1.9m |
| Hardman Johnston Global Advisors LLC | Sold out | -1.6m |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -1.6m |
| JPMORGAN CHASE & CO | Reduced | -1.3m |
| SUMMIT SECURITIES GROUP LLC | Sold out | -890.0k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $244.7m5.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $202.6m4.6m shares |
| GOLDMAN SACHS GROUP INC | Added | $185.4m4.2m shares |
| JANE STREET GROUP, LLC | Added | $120.8m2.7m shares |
| Squarepoint Ops LLC | Added | $76.3m1.7m shares |
| SIMPLEX TRADING, LLC | Added | $70.5m1.6m shares |
| Atreides Management, LP | New | $65.9m1.5m shares |
| IMC-Chicago, LLC | Added | $59.5m1.4m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $52.7m1.2m shares |
| Walleye Trading LLC | Added | $39.6m901.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $132.2m3.0m shares |
| CITADEL ADVISORS LLC | Added | $110.3m2.5m shares |
| JANE STREET GROUP, LLC | Added | $98.0m2.2m shares |
| Squarepoint Ops LLC | Added | $72.5m1.7m shares |
| JPMORGAN CHASE & CO | Added | $55.6m1.3m shares |
| SIMPLEX TRADING, LLC | Added | $43.4m987.1k shares |
| GOLDMAN SACHS GROUP INC | Added | $38.0m864.4k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Added | $36.2m824.1k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $29.7m676.4k shares |
| HSBC HOLDINGS PLC | New | $29.6m672.4k 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 |
|---|---|
| Li Xiaodong 13D · may seek influence filed 2026-01-02 | 16.1% |
| BAILLIE GIFFORD & CO 13G · institution -1.2 pts · filed 2026-10-21 | 6.6% |
| WCM INVESTMENT MANAGEMENT, LLC 13G · institution new · filed 2026-04-06 | 6.2% |
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution new · filed 2026-05-15 | 6.1% |
Fell to 5% or below in the last year: Ye Gang (4.4%, 2026-01-16)
Insider purchases and sales in Q3 2023
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 Q3 2023.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| BAILLIE GIFFORD & CO 1.05% of their portfolio | 26.1m $1.1bn | Added +4.3m |
| FMR LLC 0.08% of their portfolio | 21.7m $953.1m | Added +5.3m |
| BlackRock Inc. 0.02% of their portfolio | 16.2m $712.5m | Reduced -303.3k |
| SANDS CAPITAL MANAGEMENT, LLC 2.41% of their portfolio | 16.1m $708.5m | Added +543.0k |
| NORGES BANK 0.11% of their portfolio | 11.9m $520.9m | Added +3.3m |
| TIGER GLOBAL MANAGEMENT LLC 3.79% of their portfolio | 11.7m $514.3m | Added +8.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.07% of their portfolio | 11.2m $493.4m | Added +918.9k |
| Capital Research Global Investors 0.13% of their portfolio | 10.4m $455.1m | Reduced -26.5m |
| Atreides Management, LP 10.83% of their portfolio | 7.1m $311.4m | Added +5.0m |
| STATE STREET CORP 0.02% of their portfolio | 6.3m $276.9m | Reduced -73.8k |
| MORGAN STANLEY 0.03% of their portfolio | 6.1m $266.8m | Added +1.4m |
| Aspex Management (HK) Ltd 8.10% of their portfolio | 6.0m $263.1m | Added +140.6k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 5.7m $248.5m | Reduced -569.5k |
| MARSHALL WACE, LLP 0.43% of their portfolio | 4.6m $201.0m | Added +1.2m |
| WFM ASIA (BVI) Ltd 23.49% of their portfolio | 4.4m $194.2m | Added +514.5k |
| Nuveen Asset Management, LLC 0.07% of their portfolio | 4.4m $192.5m | Added +923.1k |
| Kora Management LP 47.79% of their portfolio | 4.2m $185.0m | Added +355.0k |
| Invesco Ltd. 0.05% of their portfolio | 4.2m $182.9m | Added +2.8m |
| Temasek Holdings (Private) Ltd 1.05% of their portfolio | 4.0m $175.7m | Added +433.5k |
| Kontiki Capital Management (HK) Ltd. 18.22% of their portfolio | 3.8m $166.9m | Added +612.5k |
| Artisan Partners Limited Partnership 0.28% of their portfolio | 3.7m $163.1m | Reduced -329.1k |
| PRUDENTIAL PLC 1.68% of their portfolio | 3.3m $144.2m | Reduced -93.3k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 3.3m $143.0m | Reduced -1.3m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.21% of their portfolio | 3.2m $142.1m | Reduced -2.5m |
| Charles-Lim Capital Ltd 30.48% of their portfolio | 3.0m $131.8m | Reduced -2.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.6m $112.4m | Added +99.0k |
| ShawSpring Partners LLC 18.99% of their portfolio | 2.6m $113.4m | Added +742.3k |
| SCGE MANAGEMENT, L.P. 2.58% of their portfolio | 2.3m $99.1m | Unchanged |
| Legal & General Group Plc 0.03% of their portfolio | 2.2m $95.4m | Added +24.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.14% of their portfolio | 2.1m $92.9m | Added +273.6k |
| First Beijing Investment Ltd 14.90% of their portfolio | 1.8m $77.4m | Added +1.6m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.7m $73.8m | Reduced -563.4k |
| Carmignac Gestion 1.35% of their portfolio | 1.7m $73.4m | Added +240.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.11% of their portfolio | 1.6m $70.5m | Added +1.2m |
| OVERSEA-CHINESE BANKING Corp Ltd 3.10% of their portfolio | 1.5m $67.5m | Added +247.9k |
| Tekne Capital Management, LLC 24.32% of their portfolio | 1.5m $65.8m | Added +81.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.5m $64.6m | Added +85.5k |
| Point72 Asset Management, L.P. 0.22% of their portfolio | 1.5m $64.0m | Added +1.2m |
| Coronation Fund Managers Ltd. 1.83% of their portfolio | 1.4m $60.8m | Added +456.8k |
| Arisaig Partners (Asia) Pte Ltd. 35.60% of their portfolio | 1.3m $59.1m | Added +33.2k |
| BESSEMER GROUP INC 0.13% of their portfolio | 1.3m $59.0m | Added +23.8k |
| AVIVA PLC 0.25% of their portfolio | 1.3m $58.8m | Added +155.4k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 1.2m $55.1m | Reduced -537.9k |
| WASATCH ADVISORS LP 0.34% of their portfolio | 1.2m $54.5m | Added +91.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 1.2m $54.4m | Reduced -80.1k |
| FIL Ltd 0.06% of their portfolio | 1.2m $52.5m | Reduced -98.2k |
| AIA Group Ltd 2.55% of their portfolio | 1.2m $52.2m | Reduced -580.0k |
| Swiss National Bank 0.04% of their portfolio | 1.2m $51.3m | Reduced -135.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.07% of their portfolio | 1.2m $52.1m | Added +296.9k |
| Fullerton Fund Management Co Ltd. 3.23% of their portfolio | 1.1m $46.2m | Reduced -251.0k |
| SG Americas Securities, LLC 0.57% of their portfolio | 977.2k $43.0m | Reduced -662.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 968.4k $42.6m | Reduced -21.3k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 967.9k $42.5m | Reduced -399.3k |
| VAN ECK ASSOCIATES CORP 0.09% of their portfolio | 951.9k $41.8m | Added +299.4k |
| VANGUARD GROUP INC 0.00% of their portfolio | 921.1k $40.5m | Reduced -9.3k |
| INDUS CAPITAL PARTNERS, LLC 27.23% of their portfolio | 914.7k $40.2m | New |
| Mitsubishi UFJ Trust & Banking Corp 0.10% of their portfolio | 903.6k $39.7m | Added +115.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 896.0k $39.4m | Added +104.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.19% of their portfolio | 887.3k $39.0m | New |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 885.3k $38.9m | Added +353.0k |
| Holocene Advisors, LP 0.17% of their portfolio | 852.6k $37.5m | Added +132.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 838.3k $36.8m | Reduced -191.4k |
| PUBLIC INVESTMENT FUND 0.10% of their portfolio | 833.3k $36.6m | Unchanged |
| BARCLAYS PLC 0.02% of their portfolio | 815.6k $35.8m | Added +576.5k |
| SEI INVESTMENTS CO 0.06% of their portfolio | 811.4k $35.7m | Reduced -64.4k |
| CITIGROUP INC 0.05% of their portfolio | 783.9k $34.5m | Added +471.1k |
| Tree Line Advisors (Hong Kong) Ltd. 14.42% of their portfolio | 770.0k $33.8m | Unchanged |
| Ribbit Bullfrog GP II, Ltd. 13.02% of their portfolio | 765.2k $33.6m | New |
| GREENOAKS LLC 4.11% of their portfolio | 756.9k $33.3m | Unchanged |
| FIRST MANHATTAN CO. LLC. 0.12% of their portfolio | 743.5k $32.7m | Added +734.4k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 743.3k $32.7m | Added +739.7k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 736.9k $32.4m | Reduced -34.0k |
| UBS Group AG 0.01% of their portfolio | 736.2k $32.4m | Added +32.2k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 722.0k $31.7m | New |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 693.2k $30.5m | Added +177.7k |
| COATUE MANAGEMENT LLC 0.15% of their portfolio | 678.3k $29.8m | Unchanged |
| E Fund Management Co., Ltd. 2.21% of their portfolio | 660.0k $29.0m | Reduced -77.0k |
| NATIONAL BANK OF CANADA /FI/ 0.05% of their portfolio | 639.9k $28.1m | Reduced -218.4k |
| TD Asset Management Inc 0.03% of their portfolio | 635.2k $27.9m | Reduced -40.3k |
| CREDIT SUISSE AG/ 0.03% of their portfolio | 612.7k $26.9m | Added +102.8k |
| National Pension Service 0.04% of their portfolio | 589.4k $23.7m | Added +64.2k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 589.0k $25.9m | Reduced -26.1k |
| TYBOURNE CAPITAL MANAGEMENT (HK) LTD 3.54% of their portfolio | 576.4k $25.3m | Added +132.6k |
| Baird Financial Group, Inc. 0.07% of their portfolio | 550.3k $24.2m | Added +124.9k |
| APG Asset Management N.V. 0.05% of their portfolio | 523.9k $23.0m | Added +384.8k |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 520.3k $22.9m | Reduced -226.1k |
| Walleye Trading LLC 0.53% of their portfolio | 517.7k $22.8m | New |
| Squarepoint Ops LLC 0.11% of their portfolio | 512.6k $22.5m | Added +95.3k |
| Marcho Partners LLP 6.70% of their portfolio | 491.5k $21.6m | Added +129.5k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.18% of their portfolio | 488.7k $21.5m | Reduced -10.1k |
| Allianz Asset Management GmbH 0.04% of their portfolio | 487.7k $21.4m | Reduced -161.2k |
| Capital International Investors 0.01% of their portfolio | 476.1k $20.9m | Reduced -5.9m |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 469.2k $20.6m | Added +253.8k |
| Hidden Lake Asset Management LP 24.53% of their portfolio | 468.5k $20.6m | Added +259.4k |
| BARINGS LLC 0.66% of their portfolio | 440.7k $19.4m | Added +13.6k |
| CYPRESS FUNDS LLC 2.59% of their portfolio | 437.9k $19.2m | Unchanged |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 423.4k $18.6m | Added +16.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 416.1k $18.3m | Reduced -11.1k |
| SIMPLEX TRADING, LLC 0.65% of their portfolio | 403.3k $17.7m | Added +381.2k |
| Artal Group S.A. 0.76% of their portfolio | 397.0k $17.4m | Added +47.0k |