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 ($74.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $106.19. Options: 43 managers hold calls ($2.2bn notional), 45 hold puts ($1.3bn).
Trends to Q4 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 |
| Q4 2024 | 688 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 352 | 259 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $1.4bn | $888.8m | 0.65 |
| Q2 2024 | $1.3bn | $886.6m | 0.68 |
| Q3 2024 | $1.9bn | $1.4bn | 0.74 |
| Q4 2024 | $2.2bn | $1.3bn | 0.58 |
Biggest buyers
| WCM INVESTMENT MANAGEMENT, LLC | Added | +4.8m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +3.4m |
| Perpetual Ltd | Added | +2.0m |
| MORGAN STANLEY | Added | +1.9m |
| BAILLIE GIFFORD & CO | Added | +1.4m |
| Capital Research Global Investors | Added | +1.3m |
| MARSHALL WACE, LLP | Added | +1.3m |
| Ninety One UK Ltd | Added | +1.2m |
| BlackRock, Inc. | Added | +1.1m |
| 1832 Asset Management L.P. | New | +978.8k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -6.3m |
| FMR LLC | Reduced | -3.2m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.3m |
| Temasek Holdings (Private) Ltd | Reduced | -1.2m |
| Atreides Management, LP | Sold out | -1.1m |
| SANDS CAPITAL MANAGEMENT, LLC | Reduced | -949.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -874.8k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -867.4k |
| GREENOAKS LLC | Sold out | -756.9k |
| D. E. Shaw & Co., Inc. | Reduced | -671.7k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $507.9m4.8m shares |
| JANE STREET GROUP, LLC | Added | $347.0m3.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $302.7m2.9m shares |
| Squarepoint Ops LLC | Added | $104.6m985.7k shares |
| JPMORGAN CHASE & CO | Reduced | $99.7m939.7k shares |
| IMC-Chicago, LLC | Added | $88.7m836.0k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $80.7m760.8k shares |
| Dorsal Capital Management, LP | Added | $74.3m700.0k shares |
| D. E. Shaw & Co., Inc. | Added | $71.5m674.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $70.7m666.7k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $166.2m1.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $142.0m1.3m shares |
| AQR Arbitrage LLC | Reduced | $74.7m703.9k shares |
| Squarepoint Ops LLC | Reduced | $72.6m684.4k shares |
| Balyasny Asset Management L.P. | Added | $66.9m630.3k shares |
| SIMPLEX TRADING, LLC | Added | $63.7m600.6k shares |
| IMC-Chicago, LLC | Reduced | $59.9m564.1k shares |
| JANE STREET GROUP, LLC | Added | $56.8m535.8k shares |
| JPMORGAN CHASE & CO | Reduced | $56.8m534.9k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Unchanged | $55.3m521.6k 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 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 Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| BAILLIE GIFFORD & CO 3.34% of their portfolio | 41.0m $4.3bn | Added +1.4m |
| WCM INVESTMENT MANAGEMENT, LLC 6.49% of their portfolio | 25.7m $2.8bn | Added +4.8m |
| BlackRock, Inc. 0.04% of their portfolio | 17.8m $1.9bn | Added +1.1m |
| TIGER GLOBAL MANAGEMENT LLC 6.43% of their portfolio | 16.0m $1.7bn | Unchanged |
| NORGES BANK 0.20% of their portfolio | 14.1m $1.5bn | Added +41.2k |
| FMR LLC 0.07% of their portfolio | 11.2m $1.2bn | Reduced -3.2m |
| JPMORGAN CHASE & CO 0.08% of their portfolio | 9.7m $1.0bn | Reduced -6.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.10% of their portfolio | 8.3m $878.4m | Reduced -874.8k |
| Capital Research Global Investors 0.18% of their portfolio | 8.1m $862.2m | Added +1.3m |
| SANDS CAPITAL MANAGEMENT, LLC 2.32% of their portfolio | 7.4m $784.3m | Reduced -949.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.60% of their portfolio | 7.1m $752.7m | Reduced -53.4k |
| STATE STREET CORP 0.03% of their portfolio | 6.9m $729.8m | Reduced -52.2k |
| MORGAN STANLEY 0.04% of their portfolio | 5.9m $624.7m | Added +1.9m |
| Artisan Partners Limited Partnership 0.84% of their portfolio | 5.1m $543.3m | Reduced -420.1k |
| Aspex Management (HK) Ltd 14.04% of their portfolio | 4.9m $519.4m | Reduced -60.7k |
| GOLDMAN SACHS GROUP INC 0.10% of their portfolio | 4.9m $515.1m | Reduced -1.3m |
| ACADIAN ASSET MANAGEMENT LLC 1.36% of their portfolio | 4.4m $469.3m | Added +3.4m |
| Kora Management LP 60.66% of their portfolio | 4.2m $450.2m | Reduced -393.9k |
| EMINENCE CAPITAL, LP 6.57% of their portfolio | 4.1m $429.7m | Reduced -215.6k |
| Temasek Holdings (Private) Ltd 1.53% of their portfolio | 3.6m $387.1m | Reduced -1.2m |
| Kontiki Capital Management (HK) Ltd. 30.32% of their portfolio | 3.3m $347.7m | Reduced -286.0k |
| PRUDENTIAL PLC 1.72% of their portfolio | 3.2m $340.6m | Reduced -448.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 3.2m $335.1m | Added +142.1k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 2.9m $312.6m | Added +732.9k |
| CITIGROUP INC 0.28% of their portfolio | 2.8m $295.2m | Added +736.7k |
| FIL Ltd 0.26% of their portfolio | 2.6m $279.2m | Added +840.5k |
| First Beijing Investment Ltd 19.26% of their portfolio | 2.6m $271.3m | Added +20.0k |
| Clearbridge Investments, LLC 0.22% of their portfolio | 2.5m $266.2m | Reduced -77.0k |
| Invesco Ltd. 0.05% of their portfolio | 2.4m $258.9m | Reduced -546.0k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.58% of their portfolio | 2.2m $236.9m | Added +547.5k |
| CoreView Capital Management Ltd 24.23% of their portfolio | 2.2m $232.5m | Added +195.2k |
| SEI INVESTMENTS CO 0.30% of their portfolio | 2.2m $231.5m | Added +245.3k |
| Point72 Asset Management, L.P. 0.63% of their portfolio | 2.2m $229.2m | Added +290.7k |
| Legal & General Group Plc 0.06% of their portfolio | 2.1m $227.6m | Reduced -85.9k |
| Perpetual Ltd 2.61% of their portfolio | 2.1m $222.6m | Added +2.0m |
| WFM ASIA (BVI) Ltd 22.69% of their portfolio | 2.0m $209.0m | Unchanged |
| Arohi Asset Management PTE Ltd. 53.86% of their portfolio | 1.9m $197.5m | Reduced -126.2k |
| WASATCH ADVISORS LP 0.85% of their portfolio | 1.6m $172.4m | Added +86.2k |
| HSBC HOLDINGS PLC 0.10% of their portfolio | 1.6m $168.5m | Added +164.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 1.5m $161.1m | Added +90.3k |
| MARSHALL WACE, LLP 0.20% of their portfolio | 1.5m $159.3m | Added +1.3m |
| BNP PARIBAS FINANCIAL MARKETS 0.12% of their portfolio | 1.5m $157.7m | Added +165.8k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.5m $157.1m | Reduced -82.9k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 1.4m $151.7m | Reduced -480.6k |
| Dorsal Capital Management, LP 4.55% of their portfolio | 1.4m $151.2m | Added +425.0k |
| OVERSEA-CHINESE BANKING Corp Ltd 4.00% of their portfolio | 1.3m $139.8m | Added +66.8k |
| Slate Path Capital LP 2.45% of their portfolio | 1.3m $135.7m | Reduced -550.6k |
| UBS Group AG 0.03% of their portfolio | 1.2m $132.0m | Added +545.6k |
| Ninety One UK Ltd 0.35% of their portfolio | 1.2m $132.0m | Added +1.2m |
| KENSICO CAPITAL MANAGEMENT CORP 3.01% of their portfolio | 1.2m $131.9m | Added +338.5k |
| Tree Line Advisors (Hong Kong) Ltd. 24.54% of their portfolio | 1.2m $130.5m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 1.2m $129.6m | Added +306.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.11% of their portfolio | 1.2m $123.2m | Reduced -90.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 1.1m $121.4m | Reduced -22.9k |
| Ribbit Management Company, LLC 13.20% of their portfolio | 1.1m $116.7m | Unchanged |
| FRED ALGER MANAGEMENT, LLC 0.53% of their portfolio | 1.1m $112.1m | Added +529.2k |
| Coronation Fund Managers Ltd. 6.56% of their portfolio | 1.1m $111.5m | Added +69.8k |
| TORONTO DOMINION BANK 0.21% of their portfolio | 1.0m $109.3m | Reduced -49.0k |
| Swiss National Bank 0.07% of their portfolio | 1.0m $108.4m | Reduced -77.8k |
| Charles-Lim Capital Ltd 26.80% of their portfolio | 1.0m $107.0m | Added +133.3k |
| Orbis Allan Gray Ltd 0.57% of their portfolio | 1.0m $106.8m | Added +392.0k |
| 1832 Asset Management L.P. 0.19% of their portfolio | 978.8k $103.9m | New |
| TWO SIGMA INVESTMENTS, LP 0.23% of their portfolio | 953.1k $101.1m | Reduced -867.4k |
| Nuveen Asset Management, LLC 0.03% of their portfolio | 950.0k $100.8m | Added +58.1k |
| MACQUARIE GROUP LTD 0.12% of their portfolio | 944.1k $100.2m | Reduced -201.0k |
| BARCLAYS PLC 0.05% of their portfolio | 939.7k $99.7m | Added +68.3k |
| KEYSTONE INVESTORS PTE LTD 6.91% of their portfolio | 932.6k $99.0m | Added +92.5k |
| SCGE MANAGEMENT, L.P. 1.78% of their portfolio | 909.0k $96.4m | New |
| AVIVA PLC 0.24% of their portfolio | 875.6k $92.9m | Added +21.4k |
| VANGUARD GROUP INC 0.00% of their portfolio | 869.8k $92.3m | Reduced -15.1k |
| PUBLIC INVESTMENT FUND 0.46% of their portfolio | 833.3k $88.4m | Unchanged |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 814.9k $86.5m | Added +652.5k |
| Mitsubishi UFJ Trust & Banking Corp 0.19% of their portfolio | 769.6k $81.7m | Reduced -30.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.12% of their portfolio | 765.9k $81.3m | Added +196.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio | 741.2k $78.6m | Reduced -133.7k |
| Trivest Advisors Ltd 3.42% of their portfolio | 710.0k $75.3m | Added +650.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.25% of their portfolio | 685.1k $72.7m | Added +283.7k |
| COATUE MANAGEMENT LLC 0.24% of their portfolio | 678.3k $72.0m | Unchanged |
| Qube Research & Technologies Ltd 0.12% of their portfolio | 664.5k $70.5m | Added +383.3k |
| Allspring Global Investments Holdings, LLC 0.11% of their portfolio | 655.4k $68.7m | Reduced -32.5k |
| Davis Selected Advisers 0.39% of their portfolio | 638.0k $67.7m | Reduced -11.0k |
| AXIOM INVESTORS LLC /DE 0.49% of their portfolio | 629.2k $66.8m | Added +269.7k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 627.9k $66.6m | Added +54.5k |
| Bridgewater Associates, LP 0.29% of their portfolio | 597.0k $63.3m | Added +298.7k |
| MANE GLOBAL CAPITAL MANAGEMENT LP 2.88% of their portfolio | 593.1k $62.9m | Added +82.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 584.2k $62.0m | Added +49.0k |
| Russell Investments Group, Ltd. 0.09% of their portfolio | 578.0k $61.6m | Added +356.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.27% of their portfolio | 553.1k $58.7m | Reduced -12.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.21% of their portfolio | 550.8k $58.4m | Added +137.9k |
| State of Tennessee, Department of Treasury 0.21% of their portfolio | 535.1k $56.8m | Reduced -7.3k |
| National Pension Service 0.05% of their portfolio | 530.6k $56.3m | Reduced -30.0k |
| Unisphere Establishment 0.49% of their portfolio | 525.0k $55.7m | Reduced -350.0k |
| NATIONAL BANK OF CANADA /FI/ 0.07% of their portfolio | 516.7k $54.8m | Added +95.5k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.20% of their portfolio | 515.7k $54.7m | Added +334.5k |
| INFINITUM ASSET MANAGEMENT, LLC 28.40% of their portfolio | 506.5k $53.7m | First filing |
| Polar Capital Holdings Plc 0.30% of their portfolio | 499.4k $53.0m | Reduced -121.3k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 498.2k $52.9m | Added +82.4k |
| Baird Financial Group, Inc. 0.10% of their portfolio | 493.2k $52.3m | Reduced -108.8k |
| AIA Group Ltd 1.26% of their portfolio | 493.0k $52.3m | Reduced -111.7k |
| Carrhae Capital LLP 5.95% of their portfolio | 474.7k $50.4m | Reduced -74.7k |