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 ($49.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $93.80. Options: 41 managers hold calls ($1.9bn notional), 40 hold puts ($1.4bn).
Trends to Q3 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 |
| Q3 2024 | 616 |
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 |
| Q3 2024 | 340 | 236 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $1.6bn | $994.5m | 0.63 |
| Q1 2024 | $1.4bn | $888.8m | 0.65 |
| Q2 2024 | $1.3bn | $886.6m | 0.68 |
| Q3 2024 | $1.9bn | $1.4bn | 0.74 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +9.6m |
| Capital Research Global Investors | New | +6.8m |
| WCM INVESTMENT MANAGEMENT, LLC | Added | +5.5m |
| BAILLIE GIFFORD & CO | Added | +5.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +5.3m |
| Artisan Partners Limited Partnership | Added | +2.0m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | New | +1.7m |
| CoreView Capital Management Ltd | Added | +1.5m |
| TWO SIGMA INVESTMENTS, LP | Added | +1.4m |
| Clearbridge Investments, LLC | Added | +1.2m |
Biggest sellers
| FMR LLC | Reduced | -13.7m |
| GOLDMAN SACHS GROUP INC | Reduced | -5.5m |
| MORGAN STANLEY | Reduced | -3.3m |
| Assenagon Asset Management S.A. | Sold out | -2.6m |
| First Beijing Investment Ltd | Reduced | -2.3m |
| NORGES BANK | Reduced | -1.8m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.6m |
| FIRST MANHATTAN CO. LLC. | Reduced | -1.3m |
| MARSHALL WACE, LLP | Reduced | -1.2m |
| Slate Path Capital LP | Reduced | -1.0m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $310.6m3.3m shares |
| JANE STREET GROUP, LLC | Added | $269.4m2.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $190.4m2.0m shares |
| JPMORGAN CHASE & CO | Unchanged | $174.3m1.8m shares |
| GOLDMAN SACHS GROUP INC | Added | $105.6m1.1m shares |
| Squarepoint Ops LLC | Reduced | $80.2m850.8k shares |
| PEAK6 Investments LLC | Reduced | $78.5m833.1k shares |
| IMC-Chicago, LLC | Reduced | $69.5m737.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $68.5m726.8k shares |
| Walleye Trading LLC | Added | $55.7m591.0k shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | Added | $177.1m1.9m shares |
| CITADEL ADVISORS LLC | Reduced | $153.6m1.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $110.4m1.2m shares |
| Walleye Trading LLC | Reduced | $85.9m910.8k shares |
| JPMORGAN CHASE & CO | Reduced | $82.0m869.8k shares |
| Squarepoint Ops LLC | Added | $71.1m753.8k shares |
| AQR Arbitrage LLC | New | $70.7m750.0k shares |
| IMC-Chicago, LLC | Reduced | $56.0m594.4k shares |
| Balyasny Asset Management L.P. | New | $55.9m593.4k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Added | $49.2m521.6k 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 Q3 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 Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| BAILLIE GIFFORD & CO 2.79% of their portfolio | 39.6m $3.7bn | Added +5.3m |
| WCM INVESTMENT MANAGEMENT, LLC 4.47% of their portfolio | 20.9m $2.0bn | Added +5.5m |
| BlackRock, Inc. 0.03% of their portfolio | 16.7m $1.6bn | First filing |
| TIGER GLOBAL MANAGEMENT LLC 6.45% of their portfolio | 16.0m $1.5bn | Unchanged |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 16.0m $1.5bn | Added +9.6m |
| FMR LLC 0.08% of their portfolio | 14.4m $1.4bn | Reduced -13.7m |
| NORGES BANK 0.18% of their portfolio | 14.0m $1.3bn | Reduced -1.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.10% of their portfolio | 9.2m $863.0m | Reduced -541.3k |
| SANDS CAPITAL MANAGEMENT, LLC 2.39% of their portfolio | 8.3m $786.4m | Reduced -350.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.45% of their portfolio | 7.1m $524.5m | Added +5.3m |
| STATE STREET CORP 0.03% of their portfolio | 6.9m $653.4m | Added +73.7k |
| Capital Research Global Investors 0.13% of their portfolio | 6.8m $641.2m | New |
| GOLDMAN SACHS GROUP INC 0.11% of their portfolio | 6.1m $578.8m | Reduced -5.5m |
| Artisan Partners Limited Partnership 0.78% of their portfolio | 5.5m $522.4m | Added +2.0m |
| Aspex Management (HK) Ltd 12.37% of their portfolio | 5.0m $467.3m | Added +674.4k |
| Temasek Holdings (Private) Ltd 1.86% of their portfolio | 4.9m $459.6m | Unchanged |
| Kora Management LP 63.57% of their portfolio | 4.6m $437.2m | Unchanged |
| EMINENCE CAPITAL, LP 6.11% of their portfolio | 4.3m $402.2m | Reduced -256.8k |
| MORGAN STANLEY 0.03% of their portfolio | 4.0m $374.2m | Reduced -3.3m |
| PRUDENTIAL PLC 1.75% of their portfolio | 3.7m $344.9m | Added +8.8k |
| Kontiki Capital Management (HK) Ltd. 26.56% of their portfolio | 3.6m $335.9m | Reduced -52.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 3.1m $283.5m | Added +124.4k |
| Invesco Ltd. 0.05% of their portfolio | 3.0m $281.5m | Reduced -230.4k |
| Clearbridge Investments, LLC 0.19% of their portfolio | 2.6m $243.8m | Added +1.2m |
| First Beijing Investment Ltd 17.57% of their portfolio | 2.5m $239.2m | Reduced -2.3m |
| Legal & General Group Plc 0.06% of their portfolio | 2.2m $210.4m | Added +3.4k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 2.2m $208.7m | Added +917.4k |
| CITIGROUP INC 0.18% of their portfolio | 2.0m $192.9m | Reduced -851.8k |
| CoreView Capital Management Ltd 22.56% of their portfolio | 2.0m $188.2m | Added +1.5m |
| Arohi Asset Management PTE Ltd. 61.84% of their portfolio | 2.0m $187.4m | Reduced -4.3k |
| WFM ASIA (BVI) Ltd 20.52% of their portfolio | 2.0m $185.7m | Reduced -648.0k |
| SEI INVESTMENTS CO 0.24% of their portfolio | 1.9m $182.6m | Added +781.5k |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 1.9m $180.1m | Added +1.0m |
| Point72 Asset Management, L.P. 0.61% of their portfolio | 1.9m $176.3m | Added +113.0k |
| Slate Path Capital LP 2.89% of their portfolio | 1.8m $172.5m | Reduced -1.0m |
| TWO SIGMA INVESTMENTS, LP 0.39% of their portfolio | 1.8m $171.6m | Added +1.4m |
| FIL Ltd 0.15% of their portfolio | 1.8m $168.8m | Added +858.6k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.39% of their portfolio | 1.7m $158.9m | New |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.6m $147.4m | Reduced -1.6m |
| WASATCH ADVISORS LP 0.71% of their portfolio | 1.5m $145.1m | Added +4.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 1.4m $134.6m | Added +1.0m |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 1.4m $134.2m | Reduced -533.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.12% of their portfolio | 1.3m $124.5m | Added +522.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.10% of their portfolio | 1.3m $118.0m | Added +154.7k |
| OVERSEA-CHINESE BANKING Corp Ltd 3.31% of their portfolio | 1.3m $117.9m | Reduced -89.2k |
| Tree Line Advisors (Hong Kong) Ltd. 26.93% of their portfolio | 1.2m $116.0m | Added +150.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 1.2m $110.1m | Added +43.0k |
| MACQUARIE GROUP LTD 0.12% of their portfolio | 1.1m $108.0m | Added +24.3k |
| Ribbit Management Company, LLC 6.95% of their portfolio | 1.1m $103.7m | Unchanged |
| Swiss National Bank 0.07% of their portfolio | 1.1m $103.7m | Added +16.3k |
| TORONTO DOMINION BANK 0.18% of their portfolio | 1.1m $101.8m | Added +186.3k |
| Atreides Management, LP 3.42% of their portfolio | 1.1m $101.3m | Reduced -664.8k |
| ACADIAN ASSET MANAGEMENT LLC 0.31% of their portfolio | 1.1m $99.0m | Added +711.8k |
| Dorsal Capital Management, LP 3.04% of their portfolio | 1.0m $94.3m | New |
| D. E. Shaw & Co., Inc. 0.12% of their portfolio | 995.5k $93.9m | Added +586.8k |
| Coronation Fund Managers Ltd. 5.13% of their portfolio | 981.1k $92.5m | Added +203.1k |
| ShawSpring Partners LLC 11.23% of their portfolio | 943.2k $88.9m | Added +94.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 914.5k $86.2m | Added +732.2k |
| KENSICO CAPITAL MANAGEMENT CORP 2.27% of their portfolio | 905.0k $85.3m | New |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 891.9k $84.1m | Reduced -860.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 884.9k $83.4m | Reduced -14.6k |
| JUPITER ASSET MANAGEMENT LTD 0.73% of their portfolio | 884.0k $83.3m | Added +225.1k |
| Charles-Lim Capital Ltd 23.45% of their portfolio | 875.0k $82.5m | Added +225.0k |
| Unisphere Establishment 0.78% of their portfolio | 875.0k $82.5m | Unchanged |
| CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio | 874.9k $82.5m | Added +10.1k |
| BARCLAYS PLC 0.04% of their portfolio | 871.3k $82.2m | Added +428.5k |
| AVIVA PLC 0.21% of their portfolio | 854.3k $80.5m | Added +60.7k |
| KEYSTONE INVESTORS PTE LTD 5.79% of their portfolio | 840.2k $79.2m | Added +148.7k |
| PUBLIC INVESTMENT FUND 0.40% of their portfolio | 833.3k $78.6m | Unchanged |
| Mitsubishi UFJ Trust & Banking Corp 0.17% of their portfolio | 800.0k $75.4m | Reduced -28.8k |
| GREENOAKS LLC 3.83% of their portfolio | 756.9k $71.4m | Unchanged |
| UBS Group AG 0.02% of their portfolio | 698.3k $65.8m | Added +210.9k |
| Allspring Global Investments Holdings, LLC 0.10% of their portfolio | 687.9k $64.9m | Reduced -31.6k |
| COATUE MANAGEMENT LLC 0.24% of their portfolio | 678.3k $64.0m | Unchanged |
| Davis Selected Advisers 0.34% of their portfolio | 649.0k $61.2m | Reduced -3.3k |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 9.69% of their portfolio | 624.0k $58.8m | Added +22.7k |
| Polar Capital Holdings Plc 0.33% of their portfolio | 620.7k $58.5m | Added +51.5k |
| Orbis Allan Gray Ltd 0.31% of their portfolio | 614.5k $57.9m | New |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.06% of their portfolio | 610.8k $57.6m | Added +154.3k |
| AIA Group Ltd 1.47% of their portfolio | 604.7k $57.0m | Added +50.0k |
| Baird Financial Group, Inc. 0.11% of their portfolio | 602.1k $56.8m | Reduced -113.9k |
| TWO SIGMA ADVISERS, LP 0.13% of their portfolio | 589.6k $55.6m | Added +576.3k |
| Driehaus Capital Management LLC 0.47% of their portfolio | 581.0k $54.8m | New |
| Bank of New York Mellon Corp 0.01% of their portfolio | 573.5k $54.1m | Reduced -16.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio | 569.2k $53.7m | Reduced -165.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.26% of their portfolio | 565.5k $53.3m | Reduced -515.0k |
| 12 West Capital Management LP 5.45% of their portfolio | 565.0k $53.3m | Unchanged |
| National Pension Service 0.05% of their portfolio | 560.6k $52.9m | Added +49.5k |
| Carrhae Capital LLP 5.92% of their portfolio | 549.4k $51.8m | New |
| State of Tennessee, Department of Treasury 0.18% of their portfolio | 542.5k $51.1m | Added +17.1k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 535.2k $50.5m | Added +4.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.12% of their portfolio | 534.1k $50.4m | Reduced -241.8k |
| FRED ALGER MANAGEMENT, LLC 0.24% of their portfolio | 527.6k $49.7m | New |
| MANE GLOBAL CAPITAL MANAGEMENT LP 3.36% of their portfolio | 510.2k $48.1m | New |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 479.3k $45.2m | Added +342.1k |
| University of Wisconsin Foundation 28.98% of their portfolio | 471.2k $44.4m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 429.8k $40.5m | Reduced -10.6k |
| NATIONAL BANK OF CANADA /FI/ 0.05% of their portfolio | 421.2k $39.7m | Added +71.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.04% of their portfolio | 417.6k $38.9m | Reduced -122.0k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 415.8k $39.2m | Reduced -689.4k |