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 ($25.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $53.78. Options: 42 managers hold calls ($1.4bn notional), 34 hold puts ($888.8m).
Trends to Q1 2024
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 |
| Q1 2024 | 518 |
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 |
| Q1 2024 | 265 | 204 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $754.0m | $841.4m | 1.12 |
| Q3 2023 | $1.4bn | $927.5m | 0.65 |
| Q4 2023 | $1.6bn | $994.5m | 0.63 |
| Q1 2024 | $1.4bn | $888.8m | 0.65 |
Biggest buyers
| MORGAN STANLEY | Added | +12.7m |
| FMR LLC | Added | +4.9m |
| Slate Path Capital LP | New | +2.9m |
| SANDS CAPITAL MANAGEMENT, LLC | Added | +2.0m |
| EMINENCE CAPITAL, LP | Added | +1.6m |
| GOLDMAN SACHS GROUP INC | Added | +1.5m |
| Point72 Asset Management, L.P. | Added | +1.5m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | New | +1.1m |
| Assenagon Asset Management S.A. | Added | +1.0m |
| Tree Line Advisors (Hong Kong) Ltd. | New | +910.0k |
Biggest sellers
| Atreides Management, LP | Reduced | -2.6m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -2.5m |
| MARSHALL WACE, LLP | Reduced | -2.1m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -1.9m |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -1.7m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -1.6m |
| Nuveen Asset Management, LLC | Reduced | -1.6m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -1.4m |
| MACQUARIE GROUP LTD | Reduced | -1.4m |
| Fullerton Fund Management Co Ltd. | Sold out | -989.8k |
Biggest calls
| JANE STREET GROUP, LLC | Reduced | $176.1m3.3m shares |
| CITADEL ADVISORS LLC | Reduced | $161.4m3.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $159.4m3.0m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $151.1m2.8m shares |
| Balyasny Asset Management L.P. | Reduced | $105.9m2.0m shares |
| JPMORGAN CHASE & CO | Added | $99.3m1.8m shares |
| Squarepoint Ops LLC | Reduced | $67.8m1.3m shares |
| SIMPLEX TRADING, LLC | Reduced | $56.0m1.0m shares |
| IMC-Chicago, LLC | Reduced | $48.9m910.5k shares |
| Walleye Trading LLC | Reduced | $33.4m622.5k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $147.3m2.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $102.0m1.9m shares |
| JANE STREET GROUP, LLC | Added | $83.5m1.6m shares |
| SIMPLEX TRADING, LLC | Reduced | $66.4m1.2m shares |
| Balyasny Asset Management L.P. | Reduced | $62.5m1.2m shares |
| Walleye Trading LLC | Added | $45.2m842.4k shares |
| IMC-Chicago, LLC | Reduced | $41.8m777.7k shares |
| D. E. Shaw & Co., Inc. | Reduced | $39.6m736.6k shares |
| JPMORGAN CHASE & CO | Reduced | $38.5m717.4k shares |
| Squarepoint Ops LLC | Reduced | $29.0m539.4k 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 Q1 2024
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 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| BAILLIE GIFFORD & CO 1.43% of their portfolio | 34.1m $1.8bn | Reduced -63.9k |
| FMR LLC 0.12% of their portfolio | 32.6m $1.8bn | Added +4.9m |
| MORGAN STANLEY 0.04% of their portfolio | 24.6m $1.3bn | Added +12.7m |
| BlackRock Inc. 0.02% of their portfolio | 15.8m $850.7m | Reduced -338.1k |
| NORGES BANK 0.13% of their portfolio | 15.6m $839.3m | Reduced -181.0k |
| TIGER GLOBAL MANAGEMENT LLC 4.40% of their portfolio | 15.0m $805.4m | Added +675.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.07% of their portfolio | 10.5m $564.3m | Reduced -939.0k |
| SANDS CAPITAL MANAGEMENT, LLC 1.40% of their portfolio | 9.3m $501.0m | Added +2.0m |
| GOLDMAN SACHS GROUP INC 0.09% of their portfolio | 7.8m $419.6m | Added +1.5m |
| Aspex Management (HK) Ltd 10.78% of their portfolio | 7.4m $399.0m | Added +641.8k |
| STATE STREET CORP 0.02% of their portfolio | 6.7m $358.4m | Added +285.7k |
| Atreides Management, LP 7.90% of their portfolio | 4.9m $263.4m | Reduced -2.6m |
| Temasek Holdings (Private) Ltd 1.45% of their portfolio | 4.9m $261.8m | Unchanged |
| Kora Management LP 51.58% of their portfolio | 4.6m $249.1m | Added +400.0k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 4.5m $240.5m | Added +371.4k |
| Artisan Partners Limited Partnership 0.32% of their portfolio | 4.1m $220.2m | Reduced -32.8k |
| Kontiki Capital Management (HK) Ltd. 22.18% of their portfolio | 3.7m $201.1m | Added +68.9k |
| Assenagon Asset Management S.A. 0.52% of their portfolio | 3.7m $197.0m | Added +1.0m |
| Invesco Ltd. 0.04% of their portfolio | 3.7m $196.6m | Reduced -345.1k |
| PRUDENTIAL PLC 1.51% of their portfolio | 3.4m $183.7m | Added +191.1k |
| First Beijing Investment Ltd 33.71% of their portfolio | 3.3m $175.1m | Added +138.3k |
| EMINENCE CAPITAL, LP 3.07% of their portfolio | 3.1m $167.3m | Added +1.6m |
| Slate Path Capital LP 3.08% of their portfolio | 2.9m $155.5m | New |
| Point72 Asset Management, L.P. 0.44% of their portfolio | 2.8m $152.9m | Added +1.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.8m $149.1m | Added +131.0k |
| WFM ASIA (BVI) Ltd 19.87% of their portfolio | 2.6m $140.6m | Unchanged |
| CITIGROUP INC 0.14% of their portfolio | 2.5m $131.9m | Added +540.9k |
| Arohi Asset Management PTE Ltd. 56.59% of their portfolio | 2.4m $130.5m | Added +213.4k |
| MARSHALL WACE, LLP 0.22% of their portfolio | 2.4m $129.9m | Reduced -2.1m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.4m $127.3m | Added +837.0k |
| Legal & General Group Plc 0.04% of their portfolio | 2.3m $122.3m | Added +4.0k |
| Nuveen Asset Management, LLC 0.03% of their portfolio | 2.0m $108.7m | Reduced -1.6m |
| ShawSpring Partners LLC 13.04% of their portfolio | 1.9m $101.5m | Reduced -815.0k |
| SYLEBRA CAPITAL LLC 3.27% of their portfolio | 1.8m $98.5m | Added +335.6k |
| CITADEL ADVISORS LLC 0.09% of their portfolio | 1.8m $98.2m | Added +190.4k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 1.6m $86.1m | Added +19.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.08% of their portfolio | 1.6m $86.1m | Added +885.0k |
| WASATCH ADVISORS LP 0.43% of their portfolio | 1.5m $83.0m | Added +48.3k |
| Tekne Capital Management, LLC 21.12% of their portfolio | 1.4m $73.9m | Unchanged |
| FIRST MANHATTAN CO. LLC. 0.23% of their portfolio | 1.3m $72.3m | Reduced -7 |
| OVERSEA-CHINESE BANKING Corp Ltd 2.32% of their portfolio | 1.3m $71.6m | Reduced -1.0k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.2m $66.0m | Reduced -6.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 1.2m $65.6m | Added +363.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio | 1.2m $62.3m | Reduced -13.2k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.21% of their portfolio | 1.1m $60.2m | New |
| Carmignac Gestion 0.94% of their portfolio | 1.1m $59.7m | Reduced -205.4k |
| Swiss National Bank 0.04% of their portfolio | 1.1m $58.4m | Reduced -49.9k |
| Coronation Fund Managers Ltd. 1.55% of their portfolio | 1.1m $57.0m | Reduced -601.8k |
| Charles-Lim Capital Ltd 17.90% of their portfolio | 1.0m $53.7m | Added +75.0k |
| AVIVA PLC 0.18% of their portfolio | 996.6k $53.5m | Reduced -53.1k |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 961.1k $51.6m | Reduced -664.7k |
| Tree Line Advisors (Hong Kong) Ltd. 14.75% of their portfolio | 910.0k $48.9m | New |
| KEYSTONE INVESTORS PTE LTD 4.20% of their portfolio | 900.5k $48.4m | New |
| VANGUARD GROUP INC 0.00% of their portfolio | 894.3k $48.0m | Reduced -4.9k |
| Mitsubishi UFJ Trust & Banking Corp 0.11% of their portfolio | 893.3k $48.0m | Reduced -33.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 886.2k $47.6m | Added +15.0k |
| TWO SIGMA INVESTMENTS, LP 0.12% of their portfolio | 876.5k $47.1m | Added +338.7k |
| Unisphere Establishment 0.47% of their portfolio | 875.0k $47.0m | Unchanged |
| MANE GLOBAL CAPITAL MANAGEMENT LP 3.98% of their portfolio | 873.1k $46.9m | New |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 858.4k $46.1m | Added +1.1k |
| FIL Ltd 0.05% of their portfolio | 849.6k $45.6m | Reduced -188.7k |
| Wolf Hill Capital Management, LP 2.97% of their portfolio | 839.8k $45.1m | New |
| CANADA PENSION PLAN INVESTMENT BOARD 0.05% of their portfolio | 834.8k $44.8m | Reduced -1.7m |
| PUBLIC INVESTMENT FUND 0.25% of their portfolio | 833.3k $44.8m | Unchanged |
| Holocene Advisors, LP 0.16% of their portfolio | 828.4k $44.5m | New |
| SEI INVESTMENTS CO 0.06% of their portfolio | 765.6k $41.1m | Added +47.1k |
| Ribbit Management Company, LLC 4.28% of their portfolio | 765.2k $59.1m | Unchanged |
| GREENOAKS LLC 3.35% of their portfolio | 756.9k $40.7m | Unchanged |
| Blue Grotto Capital, LLC 7.94% of their portfolio | 728.1k $39.1m | Added +28.1k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 722.7k $38.8m | Reduced -63.1k |
| NORDEA INVESTMENT MANAGEMENT AB 0.05% of their portfolio | 721.5k $38.8m | Reduced -444.2k |
| BIT Capital GmbH 3.40% of their portfolio | 716.3k $38.5m | Reduced -160.5k |
| TORONTO DOMINION BANK 0.06% of their portfolio | 696.5k $37.4m | Added +673.7k |
| Baird Financial Group, Inc. 0.08% of their portfolio | 685.4k $36.8m | Added +73.5k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 681.1k $36.6m | Reduced -1.4m |
| COATUE MANAGEMENT LLC 0.14% of their portfolio | 678.3k $36.4m | New |
| VAN ECK ASSOCIATES CORP 0.05% of their portfolio | 651.3k $35.0m | Reduced -281.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 609.7k $32.7m | Reduced -313.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 608.2k $32.7m | Reduced -1.9m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 600.3k $32.2m | Reduced -67.5k |
| National Pension Service 0.04% of their portfolio | 594.4k $31.9m | Added +5.0k |
| AIA Group Ltd 1.02% of their portfolio | 582.6k $31.3m | Reduced -214.1k |
| UBS Group AG 0.01% of their portfolio | 575.1k $30.9m | Added +5.6k |
| 12 West Capital Management LP 2.76% of their portfolio | 565.0k $30.3m | New |
| TYBOURNE CAPITAL MANAGEMENT (HK) LTD 4.71% of their portfolio | 512.7k $27.5m | Added +77.4k |
| SG Americas Securities, LLC 0.14% of their portfolio | 511.2k $27.5m | Added +218.8k |
| Kinetic Partners Management, LP 1.85% of their portfolio | 493.0k $26.5m | Added +333.0k |
| CYPRESS FUNDS LLC 2.81% of their portfolio | 487.9k $26.2m | Added +50.0k |
| UNTITLED INVESTMENTS LP 5.78% of their portfolio | 471.2k $25.3m | Added +186.7k |
| BARCLAYS PLC 0.01% of their portfolio | 465.3k $25.0m | Reduced -106.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.11% of their portfolio | 461.5k $24.8m | New |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.09% of their portfolio | 460.3k $24.7m | Reduced -127.5k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 457.2k $24.6m | Reduced -720.4k |
| APG Asset Management N.V. 0.04% of their portfolio | 446.2k $22.2m | Reduced -88.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 441.9k $23.7m | Added +4.9k |
| Polar Capital Holdings Plc 0.12% of their portfolio | 426.1k $22.9m | Reduced -6.2k |
| Avanda Investment Management Pte. Ltd. 3.02% of their portfolio | 419.6k $22.5m | Reduced -81.7k |
| LONG WALK MANAGEMENT LP 10.45% of their portfolio | 390.0k $20.9m | New |
| Walleye Trading LLC 0.34% of their portfolio | 384.3k $20.6m | Reduced -250.6k |
| OAKMONT Corp 4.61% of their portfolio | 350.6k $18.8m | Unchanged |