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 ($20.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $40.49. Options: 46 managers hold calls ($1.6bn notional), 32 hold puts ($994.5m).
Trends to Q4 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 |
| Q4 2023 | 473 |
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 |
| Q4 2023 | 214 | 236 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $1.3bn | $1.1bn | 0.83 |
| Q2 2023 | $754.0m | $841.4m | 1.12 |
| Q3 2023 | $1.4bn | $927.5m | 0.65 |
| Q4 2023 | $1.6bn | $994.5m | 0.63 |
Biggest buyers
| BAILLIE GIFFORD & CO | Added | +8.0m |
| FMR LLC | Added | +6.0m |
| MORGAN STANLEY | Added | +5.8m |
| NORGES BANK | Added | +4.0m |
| Assenagon Asset Management S.A. | Added | +2.6m |
| TIGER GLOBAL MANAGEMENT LLC | Added | +2.6m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +1.6m |
| RENAISSANCE TECHNOLOGIES LLC | New | +1.5m |
| EMINENCE CAPITAL, LP | New | +1.5m |
| SYLEBRA CAPITAL LLC | New | +1.5m |
Biggest sellers
| Capital Research Global Investors | Sold out | -10.4m |
| SANDS CAPITAL MANAGEMENT, LLC | Reduced | -8.8m |
| SCGE MANAGEMENT, L.P. | Sold out | -2.3m |
| Charles-Lim Capital Ltd | Reduced | -2.1m |
| WFM ASIA (BVI) Ltd | Reduced | -1.8m |
| BESSEMER GROUP INC | Reduced | -1.1m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -946.3k |
| INDUS CAPITAL PARTNERS, LLC | Sold out | -914.7k |
| Holocene Advisors, LP | Sold out | -852.6k |
| Tree Line Advisors (Hong Kong) Ltd. | Sold out | -770.0k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $217.9m5.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $194.6m4.8m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $161.2m4.0m shares |
| JANE STREET GROUP, LLC | Added | $146.8m3.6m shares |
| Balyasny Asset Management L.P. | Added | $91.5m2.3m shares |
| SIMPLEX TRADING, LLC | Added | $78.5m1.9m shares |
| Squarepoint Ops LLC | Added | $72.9m1.8m shares |
| IMC-Chicago, LLC | Added | $70.7m1.7m shares |
| UBS Group AG | Added | $68.2m1.7m shares |
| 12 West Capital Management LP | New | $64.8m200.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $177.5m4.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $109.0m2.7m shares |
| JPMORGAN CHASE & CO | Added | $78.7m1.9m shares |
| D. E. Shaw & Co., Inc. | Added | $63.1m1.6m shares |
| GOLDMAN SACHS GROUP INC | Added | $59.7m1.5m shares |
| SIMPLEX TRADING, LLC | Added | $57.9m1.4m shares |
| Balyasny Asset Management L.P. | Added | $53.3m1.3m shares |
| Squarepoint Ops LLC | Reduced | $52.6m1.3m shares |
| Parallax Volatility Advisers, L.P. | Added | $35.9m886.7k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $34.3m847.6k 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 Q4 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 Q4 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| BAILLIE GIFFORD & CO 1.10% of their portfolio | 34.2m $1.4bn | Added +8.0m |
| FMR LLC 0.09% of their portfolio | 27.7m $1.1bn | Added +6.0m |
| BlackRock Inc. 0.02% of their portfolio | 16.2m $655.1m | Reduced -36.1k |
| NORGES BANK 0.11% of their portfolio | 15.8m $640.2m | Added +4.0m |
| TIGER GLOBAL MANAGEMENT LLC 4.13% of their portfolio | 14.3m $580.0m | Added +2.6m |
| MORGAN STANLEY 0.02% of their portfolio | 11.9m $482.4m | Added +5.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 11.4m $463.6m | Added +219.5k |
| Atreides Management, LP 10.97% of their portfolio | 7.5m $305.2m | Added +450.5k |
| SANDS CAPITAL MANAGEMENT, LLC 0.90% of their portfolio | 7.3m $297.6m | Reduced -8.8m |
| Aspex Management (HK) Ltd 8.06% of their portfolio | 6.8m $274.9m | Added +800.0k |
| STATE STREET CORP 0.01% of their portfolio | 6.4m $258.7m | Added +87.0k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 6.3m $254.5m | Added +628.1k |
| Temasek Holdings (Private) Ltd 1.11% of their portfolio | 4.9m $197.4m | Added +876.9k |
| MARSHALL WACE, LLP 0.35% of their portfolio | 4.5m $183.4m | Reduced -45.3k |
| Kora Management LP 42.27% of their portfolio | 4.2m $171.6m | Added +28.0k |
| Artisan Partners Limited Partnership 0.26% of their portfolio | 4.1m $167.3m | Added +420.8k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 4.1m $166.3m | Added +853.1k |
| Invesco Ltd. 0.04% of their portfolio | 4.0m $162.2m | Reduced -154.7k |
| Kontiki Capital Management (HK) Ltd. 17.57% of their portfolio | 3.7m $148.9m | Reduced -121.4k |
| Nuveen Asset Management, LLC 0.05% of their portfolio | 3.6m $147.7m | Reduced -733.9k |
| PRUDENTIAL PLC 1.39% of their portfolio | 3.2m $130.8m | Reduced -51.4k |
| First Beijing Investment Ltd 20.92% of their portfolio | 3.1m $126.5m | Added +1.4m |
| ShawSpring Partners LLC 17.99% of their portfolio | 2.7m $109.6m | Added +124.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.7m $107.2m | Added +97.3k |
| Assenagon Asset Management S.A. 0.33% of their portfolio | 2.7m $107.6m | Added +2.6m |
| WFM ASIA (BVI) Ltd 14.42% of their portfolio | 2.6m $106.0m | Reduced -1.8m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.13% of their portfolio | 2.5m $101.8m | Added +400.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.40% of their portfolio | 2.5m $100.6m | Added +1.6m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.13% of their portfolio | 2.5m $100.2m | Reduced -760.0k |
| Legal & General Group Plc 0.03% of their portfolio | 2.3m $92.1m | Added +101.5k |
| Arohi Asset Management PTE Ltd. 43.15% of their portfolio | 2.2m $89.8m | First filing |
| MACQUARIE GROUP LTD 0.10% of their portfolio | 2.0m $82.4m | Added +1.4m |
| CITIGROUP INC 0.10% of their portfolio | 1.9m $77.6m | Added +1.1m |
| NATIONAL BANK OF CANADA /FI/ 0.13% of their portfolio | 1.9m $73.3m | Added +1.3m |
| Coronation Fund Managers Ltd. 1.88% of their portfolio | 1.7m $67.3m | Added +279.4k |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 1.6m $66.4m | Added +753.5k |
| JANE STREET GROUP, LLC 0.08% of their portfolio | 1.6m $65.8m | Added +1.1m |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 1.6m $64.2m | Added +334.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.5m $62.1m | Reduced -147.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.10% of their portfolio | 1.5m $61.9m | New |
| EMINENCE CAPITAL, LP 1.19% of their portfolio | 1.5m $60.7m | New |
| SYLEBRA CAPITAL LLC 2.30% of their portfolio | 1.5m $60.7m | New |
| WASATCH ADVISORS LP 0.33% of their portfolio | 1.5m $60.6m | Added +256.8k |
| Tekne Capital Management, LLC 20.34% of their portfolio | 1.4m $55.7m | Reduced -122.4k |
| FIRST MANHATTAN CO. LLC. 0.19% of their portfolio | 1.3m $54.5m | Added +602.4k |
| OVERSEA-CHINESE BANKING Corp Ltd 1.92% of their portfolio | 1.3m $54.1m | Reduced -201.0k |
| Point72 Asset Management, L.P. 0.16% of their portfolio | 1.3m $53.5m | Reduced -135.7k |
| Carmignac Gestion 0.90% of their portfolio | 1.3m $53.3m | Reduced -354.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.2m $50.0m | Reduced -234.3k |
| CREDIT SUISSE AG/ 0.05% of their portfolio | 1.2m $47.7m | Added +564.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 1.2m $47.5m | Reduced -64.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.06% of their portfolio | 1.2m $48.1m | Added +1.6k |
| Swiss National Bank 0.03% of their portfolio | 1.1m $46.0m | Reduced -31.2k |
| AVIVA PLC 0.15% of their portfolio | 1.0m $42.5m | Reduced -287.8k |
| FIL Ltd 0.04% of their portfolio | 1.0m $42.1m | Reduced -156.1k |
| TWINBEECH CAPITAL LP 0.67% of their portfolio | 1.0m $41.3m | New |
| Fullerton Fund Management Co Ltd. 2.33% of their portfolio | 989.8k $40.1m | Reduced -60.9k |
| VAN ECK ASSOCIATES CORP 0.07% of their portfolio | 933.2k $37.8m | Reduced -18.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.09% of their portfolio | 926.9k $37.5m | Added +23.3k |
| Charles-Lim Capital Ltd 10.74% of their portfolio | 925.0k $37.5m | Reduced -2.1m |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 923.5k $37.4m | Added +585.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 899.3k $36.4m | Reduced -21.8k |
| BIT Capital GmbH 3.84% of their portfolio | 876.9k $35.5m | Added +495.6k |
| Unisphere Establishment 0.37% of their portfolio | 875.0k $35.4m | First filing |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 871.1k $35.3m | Reduced -24.8k |
| Arisaig Partners (Asia) Pte Ltd. 22.63% of their portfolio | 860.5k $34.8m | Reduced -483.4k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 857.3k $34.7m | Added +120.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 857.2k $34.7m | Added +19.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio | 838.4k $34.0m | Reduced -766.6k |
| PUBLIC INVESTMENT FUND 0.10% of their portfolio | 833.3k $33.8m | Unchanged |
| AIA Group Ltd 1.32% of their portfolio | 796.6k $32.3m | Reduced -390.4k |
| Allspring Global Investments Holdings, LLC 0.05% of their portfolio | 785.7k $31.8m | Added +42.5k |
| Ribbit Management Company, LLC 2.62% of their portfolio | 765.2k $31.0m | First filing |
| GREENOAKS LLC 3.57% of their portfolio | 756.9k $30.7m | Unchanged |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 736.7k $29.8m | Added +43.5k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.21% of their portfolio | 719.0k $29.1m | Added +230.3k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 718.5k $29.1m | Reduced -92.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 717.7k $29.1m | New |
| Blue Grotto Capital, LLC 6.21% of their portfolio | 700.0k $28.4m | Added +500.0k |
| Squarepoint Ops LLC 0.11% of their portfolio | 670.6k $27.2m | Added +158.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 667.8k $27.0m | Reduced -300.5k |
| E Fund Management Co., Ltd. 1.69% of their portfolio | 660.0k $26.7m | Unchanged |
| Walleye Trading LLC 0.39% of their portfolio | 634.9k $25.7m | Added +117.2k |
| Baird Financial Group, Inc. 0.06% of their portfolio | 611.9k $24.8m | Added +61.6k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 611.5k $24.8m | Added +229.1k |
| National Pension Service 0.03% of their portfolio | 589.4k $23.9m | Unchanged |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.11% of their portfolio | 587.8k $23.8m | Added +223.2k |
| BARCLAYS PLC 0.01% of their portfolio | 571.7k $23.2m | Reduced -243.8k |
| UBS Group AG 0.01% of their portfolio | 569.5k $23.1m | Reduced -166.7k |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 537.8k $21.8m | New |
| APG Asset Management N.V. 0.04% of their portfolio | 534.9k $19.6m | Added +11.0k |
| Avanda Investment Management Pte. Ltd. 1.98% of their portfolio | 501.3k $20.3m | First filing |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 456.1k $18.5m | Reduced -265.9k |
| SIMPLEX TRADING, LLC 0.56% of their portfolio | 447.5k $18.1m | Added +44.2k |
| CYPRESS FUNDS LLC 2.06% of their portfolio | 437.9k $17.7m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 437.0k $17.7m | Added +20.9k |
| TYBOURNE CAPITAL MANAGEMENT (HK) LTD 2.63% of their portfolio | 435.3k $17.6m | Reduced -141.1k |
| Polar Capital Holdings Plc 0.11% of their portfolio | 432.3k $17.5m | Added +150.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.21% of their portfolio | 415.0k $16.8m | Added +322.2k |
| Contrarius Investment Management Ltd 0.90% of their portfolio | 411.0k $16.6m | Added +30.4k |