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 ($48.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $71.53. Options: 41 managers hold calls ($1.3bn notional), 34 hold puts ($886.6m).
Trends to Q2 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 |
| Q2 2024 | 569 |
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 |
| Q2 2024 | 311 | 213 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $1.4bn | $927.5m | 0.65 |
| Q4 2023 | $1.6bn | $994.5m | 0.63 |
| Q1 2024 | $1.4bn | $888.8m | 0.65 |
| Q2 2024 | $1.3bn | $886.6m | 0.68 |
Biggest buyers
| WCM INVESTMENT MANAGEMENT, LLC | New | +15.4m |
| GOLDMAN SACHS GROUP INC | Added | +3.8m |
| JPMORGAN CHASE & CO | Added | +1.9m |
| First Beijing Investment Ltd | Added | +1.6m |
| EMINENCE CAPITAL, LP | Added | +1.4m |
| Clearbridge Investments, LLC | New | +1.4m |
| TIGER GLOBAL MANAGEMENT LLC | Added | +1.0m |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Added | +1.0m |
| BlackRock Inc. | Added | +1.0m |
| BANK OF AMERICA CORP /DE/ | Added | +762.9k |
Biggest sellers
| MORGAN STANLEY | Reduced | -17.3m |
| FMR LLC | Reduced | -4.5m |
| Atreides Management, LP | Reduced | -3.2m |
| Aspex Management (HK) Ltd | Reduced | -3.1m |
| Tekne Capital Management, LLC | Reduced | -1.3m |
| SYLEBRA CAPITAL LLC | Reduced | -1.3m |
| Point72 Asset Management, L.P. | Reduced | -1.1m |
| Assenagon Asset Management S.A. | Reduced | -1.1m |
| MARSHALL WACE, LLP | Reduced | -1.1m |
| ShawSpring Partners LLC | Reduced | -1.0m |
Biggest calls
| JANE STREET GROUP, LLC | Reduced | $203.6m2.9m shares |
| CITADEL ADVISORS LLC | Reduced | $199.2m2.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $139.7m2.0m shares |
| JPMORGAN CHASE & CO | Reduced | $132.0m1.8m shares |
| Squarepoint Ops LLC | Reduced | $74.7m1.0m shares |
| PEAK6 Investments LLC | Added | $60.4m845.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $60.4m845.8k shares |
| IMC-Chicago, LLC | Reduced | $58.3m815.9k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $53.9m754.8k shares |
| D. E. Shaw & Co., Inc. | Added | $40.4m565.6k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $116.7m1.6m shares |
| JANE STREET GROUP, LLC | Reduced | $103.9m1.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $94.8m1.3m shares |
| Walleye Trading LLC | Added | $66.5m930.7k shares |
| JPMORGAN CHASE & CO | Added | $65.5m917.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $49.0m685.4k shares |
| Squarepoint Ops LLC | Added | $48.1m674.1k shares |
| IMC-Chicago, LLC | Reduced | $47.9m670.0k shares |
| Parallax Volatility Advisers, L.P. | Added | $45.7m639.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $37.5m524.4k 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 Q2 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 Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BAILLIE GIFFORD & CO 1.91% of their portfolio | 34.3m $2.4bn | Added +149.0k |
| FMR LLC 0.13% of their portfolio | 28.1m $2.0bn | Reduced -4.5m |
| BlackRock Inc. 0.03% of their portfolio | 16.9m $1.2bn | Added +1.0m |
| TIGER GLOBAL MANAGEMENT LLC 5.30% of their portfolio | 16.0m $1.1bn | Added +1.0m |
| NORGES BANK 0.17% of their portfolio | 15.9m $1.1bn | Added +233.2k |
| WCM INVESTMENT MANAGEMENT, LLC 2.71% of their portfolio | 15.4m $1.1bn | New |
| GOLDMAN SACHS GROUP INC 0.16% of their portfolio | 11.6m $831.7m | Added +3.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.08% of their portfolio | 9.7m $692.4m | Reduced -812.1k |
| SANDS CAPITAL MANAGEMENT, LLC 1.82% of their portfolio | 8.7m $620.7m | Reduced -636.7k |
| MORGAN STANLEY 0.04% of their portfolio | 7.3m $522.0m | Reduced -17.3m |
| STATE STREET CORP 0.02% of their portfolio | 6.9m $489.7m | Added +185.0k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 6.4m $454.8m | Added +1.9m |
| Temasek Holdings (Private) Ltd 1.62% of their portfolio | 4.9m $348.2m | Unchanged |
| First Beijing Investment Ltd 37.25% of their portfolio | 4.8m $344.3m | Added +1.6m |
| Kora Management LP 58.20% of their portfolio | 4.6m $331.2m | Unchanged |
| EMINENCE CAPITAL, LP 5.21% of their portfolio | 4.5m $323.0m | Added +1.4m |
| Aspex Management (HK) Ltd 6.53% of their portfolio | 4.3m $305.8m | Reduced -3.1m |
| PRUDENTIAL PLC 1.81% of their portfolio | 3.6m $260.7m | Added +229.5k |
| Kontiki Capital Management (HK) Ltd. 25.65% of their portfolio | 3.6m $258.2m | Reduced -128.7k |
| Artisan Partners Limited Partnership 0.39% of their portfolio | 3.5m $253.3m | Reduced -552.1k |
| Invesco Ltd. 0.05% of their portfolio | 3.2m $229.7m | Reduced -444.1k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 3.1m $223.7m | Added +762.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 2.9m $206.6m | Added +118.5k |
| CITIGROUP INC 0.20% of their portfolio | 2.9m $207.0m | Added +442.1k |
| Slate Path Capital LP 4.12% of their portfolio | 2.9m $203.6m | Reduced -45.0k |
| WFM ASIA (BVI) Ltd 25.19% of their portfolio | 2.6m $187.0m | Unchanged |
| Assenagon Asset Management S.A. 0.46% of their portfolio | 2.6m $184.5m | Reduced -1.1m |
| Legal & General Group Plc 0.04% of their portfolio | 2.2m $159.1m | Reduced -49.3k |
| Arohi Asset Management PTE Ltd. 58.51% of their portfolio | 2.0m $142.3m | Reduced -437.3k |
| HSBC HOLDINGS PLC 0.09% of their portfolio | 2.0m $139.6m | Added +352.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.12% of their portfolio | 1.9m $134.0m | Added +273.8k |
| Point72 Asset Management, L.P. 0.41% of their portfolio | 1.8m $125.5m | Reduced -1.1m |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 1.8m $125.2m | Reduced -270.4k |
| Atreides Management, LP 4.06% of their portfolio | 1.7m $124.2m | Reduced -3.2m |
| WASATCH ADVISORS LP 0.59% of their portfolio | 1.5m $109.6m | Reduced -10.4k |
| Clearbridge Investments, LLC 0.08% of their portfolio | 1.4m $100.0m | New |
| MARSHALL WACE, LLP 0.14% of their portfolio | 1.4m $96.9m | Reduced -1.1m |
| FIRST MANHATTAN CO. LLC. 0.31% of their portfolio | 1.4m $96.5m | Added +5.2k |
| OVERSEA-CHINESE BANKING Corp Ltd 2.89% of their portfolio | 1.3m $95.7m | Added +6.4k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.3m $92.6m | Added +66.8k |
| SEI INVESTMENTS CO 0.12% of their portfolio | 1.2m $82.5m | Added +389.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 1.1m $80.3m | Reduced -96.6k |
| MACQUARIE GROUP LTD 0.09% of their portfolio | 1.1m $80.1m | Added +439.8k |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 1.1m $78.9m | Reduced -724.1k |
| Ribbit Management Company, LLC 5.47% of their portfolio | 1.1m $78.6m | Added +335.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.07% of their portfolio | 1.1m $78.3m | Reduced -62.8k |
| Swiss National Bank 0.05% of their portfolio | 1.1m $77.4m | Reduced -2.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.32% of their portfolio | 1.1m $77.2m | Added +618.9k |
| Tree Line Advisors (Hong Kong) Ltd. 20.02% of their portfolio | 1.1m $77.1m | Added +170.0k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.26% of their portfolio | 1.0m $74.0m | Added +1.0m |
| FIL Ltd 0.07% of their portfolio | 931.9k $66.6m | Added +82.4k |
| VANGUARD GROUP INC 0.00% of their portfolio | 899.4k $64.2m | Added +5.1k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 898.7k $64.2m | Added +40.3k |
| TORONTO DOMINION BANK 0.10% of their portfolio | 893.0k $63.8m | Added +196.5k |
| Unisphere Establishment 0.63% of their portfolio | 875.0k $62.5m | Unchanged |
| CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio | 864.8k $61.8m | Added +30.0k |
| ShawSpring Partners LLC 8.74% of their portfolio | 848.8k $60.6m | Reduced -1.0m |
| PUBLIC INVESTMENT FUND 0.34% of their portfolio | 833.3k $59.5m | Unchanged |
| Mitsubishi UFJ Trust & Banking Corp 0.14% of their portfolio | 828.8k $59.2m | Reduced -64.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 798.7k $57.0m | Added +189.0k |
| AVIVA PLC 0.16% of their portfolio | 793.6k $56.7m | Reduced -202.9k |
| Coronation Fund Managers Ltd. 3.21% of their portfolio | 778.1k $55.6m | Reduced -282.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.16% of their portfolio | 775.9k $55.4m | Reduced -344.4k |
| GREENOAKS LLC 3.64% of their portfolio | 756.9k $54.1m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 734.7k $52.5m | Added +567.6k |
| Allspring Global Investments Holdings, LLC 0.08% of their portfolio | 719.5k $51.4m | Reduced -3.2k |
| Baird Financial Group, Inc. 0.11% of their portfolio | 716.0k $51.1m | Added +30.6k |
| KEYSTONE INVESTORS PTE LTD 4.16% of their portfolio | 691.5k $49.4m | Reduced -209.0k |
| COATUE MANAGEMENT LLC 0.19% of their portfolio | 678.3k $48.4m | Unchanged |
| JUPITER ASSET MANAGEMENT LTD 0.44% of their portfolio | 658.8k $47.1m | Added +628.3k |
| Davis Selected Advisers 0.27% of their portfolio | 652.3k $46.6m | New |
| Charles-Lim Capital Ltd 11.39% of their portfolio | 650.0k $46.4m | Reduced -350.0k |
| BIT Capital GmbH 4.11% of their portfolio | 634.4k $45.3m | Reduced -82.0k |
| Blue Grotto Capital, LLC 9.10% of their portfolio | 634.2k $45.3m | Reduced -93.8k |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 9.35% of their portfolio | 601.3k $42.9m | Added +289.7k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 589.8k $42.1m | Reduced -10.5k |
| Polar Capital Holdings Plc 0.24% of their portfolio | 569.2k $40.7m | Added +143.1k |
| 12 West Capital Management LP 4.15% of their portfolio | 565.0k $40.4m | Unchanged |
| AIA Group Ltd 1.16% of their portfolio | 554.7k $39.6m | Reduced -27.8k |
| Pictet Asset Management Holding SA 0.04% of their portfolio | 544.6k $38.9m | Added +312.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.05% of their portfolio | 539.6k $38.9m | Reduced -181.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 530.8k $37.9m | Added +334.1k |
| State of Tennessee, Department of Treasury 0.14% of their portfolio | 525.4k $37.5m | Added +428.2k |
| SYLEBRA CAPITAL LLC 1.38% of their portfolio | 522.8k $37.3m | Reduced -1.3m |
| National Pension Service 0.04% of their portfolio | 511.1k $36.5m | Reduced -83.3k |
| APG Asset Management N.V. 0.06% of their portfolio | 489.2k $32.6m | Added +43.1k |
| UBS Group AG 0.01% of their portfolio | 487.4k $34.8m | Reduced -87.7k |
| UNTITLED INVESTMENTS LP 7.51% of their portfolio | 471.2k $33.7m | Unchanged |
| Walleye Trading LLC 0.66% of their portfolio | 465.7k $33.3m | Added +81.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 456.4k $32.6m | Reduced -151.8k |
| CoreView Capital Management Ltd 5.08% of their portfolio | 452.6k $32.3m | New |
| BARCLAYS PLC 0.01% of their portfolio | 442.8k $31.6m | Reduced -22.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 440.4k $31.5m | Reduced -1.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 427.2k $30.5m | Reduced -459.0k |
| Kinetic Partners Management, LP 2.17% of their portfolio | 417.5k $29.8m | Reduced -75.5k |
| TYBOURNE CAPITAL MANAGEMENT (HK) LTD 6.05% of their portfolio | 416.6k $29.8m | Reduced -96.1k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 408.7k $29.2m | Added +113.0k |
| Robeco Institutional Asset Management B.V. 0.06% of their portfolio | 396.9k $28.3m | Added +154.5k |
| PANAGORA ASSET MANAGEMENT INC 0.14% of their portfolio | 392.9k $28.1m | Added +46.0k |
| TD Asset Management Inc 0.03% of their portfolio | 386.1k $27.6m | Added +260.6k |