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 ($79.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $82.25. Options: 34 managers hold calls ($820.5m notional), 36 hold puts ($787.0m).
Trends to Q1 2026
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 |
| Q1 2025 | 759 |
| Q2 2025 | 860 |
| Q3 2025 | 905 |
| Q4 2025 | 874 |
| Q1 2026 | 753 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 311 | 213 |
| Q3 2024 | 340 | 236 |
| Q4 2024 | 352 | 259 |
| Q1 2025 | 436 | 285 |
| Q2 2025 | 494 | 309 |
| Q3 2025 | 490 | 380 |
| Q4 2025 | 418 | 473 |
| Q1 2026 | 408 | 431 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $2.5bn | $1.8bn | 0.71 |
| Q3 2025 | $2.5bn | $2.4bn | 0.96 |
| Q4 2025 | $1.1bn | $953.0m | 0.89 |
| Q1 2026 | $820.5m | $787.0m | 0.96 |
Biggest buyers
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +12.9m |
| WCM INVESTMENT MANAGEMENT, LLC | Added | +7.9m |
| MARSHALL WACE, LLP | Added | +2.2m |
| Temasek Holdings (Private) Ltd | Added | +2.0m |
| TWO SIGMA INVESTMENTS, LP | Added | +1.6m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.6m |
| Aspex Management (HK) Ltd | Added | +1.5m |
| EMINENCE CAPITAL, LP | Added | +1.4m |
| Davis Selected Advisers | Added | +1.4m |
| FIL Ltd | Added | +1.3m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -12.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -4.5m |
| FMR LLC | Reduced | -3.5m |
| Point72 Asset Management, L.P. | Reduced | -3.0m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | Sold out | -2.4m |
| FRANKLIN RESOURCES INC | Reduced | -2.0m |
| HSBC HOLDINGS PLC | Reduced | -1.9m |
| Capital Research Global Investors | Reduced | -1.7m |
| JENNISON ASSOCIATES LLC | Sold out | -1.6m |
| TWO SIGMA ADVISERS, LP | Sold out | -1.5m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $236.5m2.9m shares |
| CITADEL ADVISORS LLC | Added | $203.2m2.5m shares |
| MAPLELANE CAPITAL, LLC | Reduced | $53.8m259.8k shares |
| IMC-Chicago, LLC | Added | $47.9m578.1k shares |
| JANE STREET GROUP, LLC | Added | $42.6m515.0k shares |
| Squarepoint Ops LLC | Added | $35.3m425.7k shares |
| JPMORGAN CHASE & CO | Added | $26.6m340.3k shares |
| Bienville Capital Management, LLC | New | $23.2m280.0k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $23.0m277.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $21.7m262.4k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $184.8m2.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $147.7m1.8m shares |
| JANE STREET GROUP, LLC | Added | $79.5m960.6k shares |
| SUSQUEHANNA ADVISORS GROUP, INC. | New | $73.7m890.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $48.8m589.7k shares |
| IMC-Chicago, LLC | Added | $47.9m578.0k shares |
| UBS Group AG | Added | $35.1m424.0k shares |
| JPMORGAN CHASE & CO | Added | $26.9m343.0k shares |
| Parallax Volatility Advisers, L.P. | Added | $25.0m301.8k shares |
| Squarepoint Ops LLC | Added | $13.9m168.1k 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 2026
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 4 | $12.9m | $12.9m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-31 | Ye Gang COO, director · By BVI entity | Sold plan | $808.5k10.0k shares |
| 2026-03-31 | Wang Yanjun CCO and GC · By BVI entity | Sold plan | $65.5k800 shares |
| 2026-03-31 | Chen Jingye CPO, Shopee · By BVI entity | Sold plan | $65.5k800 shares |
| 2026-03-30 | Chen Jingye CPO, Shopee · By BVI entity | Sold plan | $62.9k800 shares |
| 2026-03-30 | Wang Yanjun CCO and GC · By BVI entity | Sold plan | $62.9k800 shares |
| 2026-03-27 | Chen Jingye CPO, Shopee · By BVI entity | Sold plan | $63.0k800 shares |
| 2026-03-27 | Wang Yanjun CCO and GC · By BVI entity | Sold plan | $63.0k800 shares |
| 2026-03-26 | Ye Gang COO, director · By BVI entity | Sold plan | $810.0k10.0k shares |
| 2026-03-26 | Wang Yanjun CCO and GC · By BVI entity | Sold plan | $64.6k800 shares |
| 2026-03-26 | Chen Jingye CPO, Shopee · By BVI entity | Sold plan | $64.6k800 shares |
| 2026-03-25 | Ye Gang COO, director · By BVI entity | Sold plan | $806.0k10.0k shares |
| 2026-03-25 | Wang Yanjun CCO and GC · By BVI entity | Sold plan | $65.6k800 shares |
| 2026-03-25 | Chen Jingye CPO, Shopee · By BVI entity | Sold plan | $65.5k800 shares |
| 2026-03-24 | Chen Jingye CPO, Shopee · By BVI entity | Sold plan | $62.8k800 shares |
| 2026-03-24 | Wang Yanjun CCO and GC · By BVI entity | Sold plan | $62.8k800 shares |
| 2026-03-23 | Ye Gang COO, director · By BVI entity | Sold plan | $800.6k10.0k shares |
| 2026-03-23 | Wang Yanjun CCO and GC · By BVI entity | Sold plan | $64.1k800 shares |
| 2026-03-23 | Chen Jingye CPO, Shopee · By BVI entity | Sold plan | $64.1k800 shares |
| 2026-03-20 | Ye Gang COO, director · By BVI entity | Sold plan | $807.9k10.0k shares |
| 2026-03-20 | Wang Yanjun CCO and GC · By BVI entity | Sold plan | $63.7k800 shares |
| 2026-03-20 | Chen Jingye CPO, Shopee · By BVI entity | Sold plan | $63.7k800 shares |
| 2026-03-19 | Ye Gang COO, director · By BVI entity | Sold plan | $817.2k10.0k shares |
| 2026-03-19 | Wang Yanjun CCO and GC · By BVI entity | Sold plan | $64.8k800 shares |
| 2026-03-19 | Chen Jingye CPO, Shopee · By BVI entity | Sold plan | $64.8k800 shares |
| 2026-03-18 | Ma David Y Director · By BVI entity | Sold plan | $6.2m72.4k shares |
| 2026-03-18 | Ye Gang COO, director · By BVI entity | Sold plan | $851.7k10.0k shares |
| 2026-03-18 | Wang Yanjun CCO and GC · By BVI entity | Sold plan | $68.1k800 shares |
| 2026-03-18 | Chen Jingye CPO, Shopee · By BVI entity | Sold plan | $68.1k800 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BAILLIE GIFFORD & CO 3.35% of their portfolio | 39.7m $3.3bn | Added +895.3k |
| WCM INVESTMENT MANAGEMENT, LLC 6.03% of their portfolio | 33.7m $2.6bn | Added +7.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.32% of their portfolio | 33.4m $2.8bn | Added +12.9m |
| BlackRock, Inc. 0.03% of their portfolio | 20.9m $1.7bn | Added +577.9k |
| TIGER GLOBAL MANAGEMENT LLC 5.59% of their portfolio | 15.4m $1.3bn | Unchanged |
| FMR LLC 0.06% of their portfolio | 14.0m $1.2bn | Reduced -3.5m |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 9.3m $732.0m | Reduced -12.1m |
| STATE STREET CORP 0.02% of their portfolio | 7.3m $600.7m | Added +202.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.43% of their portfolio | 6.3m $519.3m | Added +267.5k |
| Artisan Partners Limited Partnership 0.72% of their portfolio | 5.4m $443.4m | Added +497.7k |
| Temasek Holdings (Private) Ltd 1.47% of their portfolio | 5.3m $437.5m | Added +2.0m |
| Aspex Management (HK) Ltd 5.85% of their portfolio | 4.9m $403.3m | Added +1.5m |
| UBS Group AG 0.07% of their portfolio | 4.7m $393.3m | Reduced -403.4k |
| VIKING GLOBAL INVESTORS LP 1.10% of their portfolio | 4.7m $392.3m | Added +1.1m |
| SANDS CAPITAL MANAGEMENT, LLC 1.54% of their portfolio | 4.7m $391.6m | Reduced -772.5k |
| MORGAN STANLEY 0.02% of their portfolio | 4.6m $383.1m | Reduced -766.0k |
| EMINENCE CAPITAL, LP 7.72% of their portfolio | 4.1m $336.7m | Added +1.4m |
| D1 Capital Partners L.P. 2.99% of their portfolio | 4.1m $335.6m | Added +567.1k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 3.9m $326.4m | Reduced -203.7k |
| FIL Ltd 0.25% of their portfolio | 3.9m $322.0m | Added +1.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 3.8m $308.0m | Added +205.2k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 3.6m $298.9m | Added +502.3k |
| Kora Management LP 42.06% of their portfolio | 3.6m $295.1m | Added +428.0k |
| FRED ALGER MANAGEMENT, LLC 1.23% of their portfolio | 3.4m $279.1m | Added +603.5k |
| TWO SIGMA INVESTMENTS, LP 0.23% of their portfolio | 3.3m $273.6m | Added +1.6m |
| Coronation Fund Managers Ltd. 11.76% of their portfolio | 3.1m $258.1m | Added +880.7k |
| SEI INVESTMENTS CO 0.21% of their portfolio | 2.7m $226.9m | Added +392.2k |
| MARSHALL WACE, LLP 0.22% of their portfolio | 2.5m $204.7m | Added +2.2m |
| Mitsubishi UFJ Trust & Banking Corp 0.49% of their portfolio | 2.4m $200.6m | Added +300.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.13% of their portfolio | 2.3m $192.4m | Added +475.8k |
| Capital Research Global Investors 0.03% of their portfolio | 2.3m $187.7m | Reduced -1.7m |
| PRUDENTIAL PLC 1.43% of their portfolio | 2.3m $187.6m | Added +153.8k |
| Nuveen, LLC 0.05% of their portfolio | 2.1m $177.0m | Added +1.2m |
| Kontiki Capital Management (HK) Ltd. 12.34% of their portfolio | 2.1m $175.9m | Added +764.3k |
| HSBC HOLDINGS PLC 0.10% of their portfolio | 2.0m $168.0m | Reduced -1.9m |
| INFINITUM ASSET MANAGEMENT, LLC 20.79% of their portfolio | 2.0m $166.2m | Added +1.0m |
| Legal & General Group Plc 0.04% of their portfolio | 2.0m $162.5m | Added +51.2k |
| BARCLAYS PLC 0.06% of their portfolio | 1.9m $160.1m | Reduced -313.1k |
| CITIGROUP INC 0.10% of their portfolio | 1.9m $158.8m | Reduced -366.8k |
| Clearbridge Investments, LLC 0.14% of their portfolio | 1.9m $155.9m | Reduced -152.6k |
| Point72 Asset Management, L.P. 0.27% of their portfolio | 1.9m $155.0m | Reduced -3.0m |
| Invesco Ltd. 0.02% of their portfolio | 1.9m $155.0m | Added +1.0m |
| Davis Selected Advisers 0.70% of their portfolio | 1.8m $153.2m | Added +1.4m |
| Orbis Allan Gray Ltd 0.64% of their portfolio | 1.8m $152.7m | Reduced -871.7k |
| OVERSEA-CHINESE BANKING Corp Ltd 4.48% of their portfolio | 1.8m $152.3m | Added +48.6k |
| SCGE MANAGEMENT, L.P. 4.45% of their portfolio | 1.8m $147.0m | Unchanged |
| Charles-Lim Capital Ltd 48.10% of their portfolio | 1.8m $144.9m | Added +1.0m |
| WFM ASIA (BVI) Ltd 22.17% of their portfolio | 1.7m $140.1m | Added +180.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 1.7m $139.7m | Added +511.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.7m $138.8m | Reduced -512.1k |
| SG Americas Securities, LLC 0.15% of their portfolio | 1.6m $136.0m | Added +97.4k |
| WASATCH ADVISORS LP 0.89% of their portfolio | 1.6m $134.4m | Added +162.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 1.6m $131.7m | Added +1.6m |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 1.6m $131.7m | Reduced -898.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.20% of their portfolio | 1.5m $126.4m | Added +372.3k |
| Swiss National Bank 0.07% of their portfolio | 1.4m $120.0m | Added +353.1k |
| TORONTO DOMINION BANK 0.23% of their portfolio | 1.4m $117.8m | Added +28.5k |
| Harding Loevner LP 1.17% of their portfolio | 1.4m $113.3m | Reduced -130.2k |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 1.3m $111.0m | Added +481.2k |
| Bridgewater Associates, LP 0.49% of their portfolio | 1.3m $110.8m | Reduced -195.1k |
| Dorsal Capital Management, LP 4.36% of their portfolio | 1.3m $109.7m | Added +250.0k |
| Ribbit Management Company, LLC 6.34% of their portfolio | 1.3m $106.6m | Added +277.5k |
| Arohi Asset Management PTE Ltd. 38.00% of their portfolio | 1.3m $104.7m | Added +132.2k |
| Kinetic Partners Management, LP 5.80% of their portfolio | 1.3m $103.7m | Added +311.1k |
| NATIONAL BANK OF CANADA /FI/ 0.10% of their portfolio | 1.2m $101.8m | Added +71.6k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 1.1m $92.9m | Reduced -339.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 1.1m $92.1m | Added +58.8k |
| Duquesne Family Office LLC 3.10% of their portfolio | 1.1m $91.1m | Added +155.8k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 1.1m $90.2m | Added +308.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio | 1.1m $89.5m | Added +133.9k |
| Tree Line Advisors (Hong Kong) Ltd. 31.65% of their portfolio | 940.0k $73.6m | Unchanged |
| SUSQUEHANNA ADVISORS GROUP, INC. 3.44% of their portfolio | 890.0k $73.7m | New |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 855.0k $69.5m | Added +806.2k |
| Russell Investments Group, Ltd. 0.08% of their portfolio | 851.9k $70.5m | Reduced -23.5k |
| Baird Financial Group, Inc. 0.11% of their portfolio | 828.1k $68.6m | Added +209.6k |
| Polar Capital Holdings Plc 0.29% of their portfolio | 792.2k $65.6m | Added +339.8k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.06% of their portfolio | 784.7k $65.0m | First filing |
| KENSICO CAPITAL MANAGEMENT CORP 1.30% of their portfolio | 768.1k $63.6m | Reduced -1.1m |
| State of Tennessee, Department of Treasury 0.21% of their portfolio | 747.1k $61.9m | Added +28.2k |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 738.9k $61.2m | Added +734.8k |
| MAPLELANE CAPITAL, LLC 4.92% of their portfolio | 708.0k $58.6m | Added +74.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 701.9k $58.1m | Added +31.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.23% of their portfolio | 685.4k $56.8m | New |
| AVIVA PLC 0.09% of their portfolio | 680.1k $56.3m | Added +2.8k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 649.4k $53.8m | Added +407.0k |
| Allspring Global Investments Holdings, LLC 0.09% of their portfolio | 644.5k $52.9m | Added +151.7k |
| Carmignac Gestion 0.81% of their portfolio | 637.6k $52.6m | Added +121.2k |
| Sustainable Growth Advisers, LP 0.49% of their portfolio | 630.0k $52.2m | Reduced -130.4k |
| North Peak Capital Management, LLC 8.41% of their portfolio | 610.5k $50.6m | Added +388.9k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.08% of their portfolio | 583.5k $48.3m | Reduced -74.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.04% of their portfolio | 577.0k $46.5m | Reduced -5.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.11% of their portfolio | 561.1k $46.5m | Reduced -34.5k |
| National Pension Service 0.03% of their portfolio | 550.6k $45.6m | Reduced -153.7k |
| AIA Group Ltd 0.65% of their portfolio | 540.8k $44.8m | Added +2.6k |
| Overlook Investments LP 19.59% of their portfolio | 519.0k $43.0m | New |
| Hound Partners, LLC 5.23% of their portfolio | 500.0k $41.4m | Unchanged |
| Greenwoods Asset Management Hong Kong Ltd. 1.04% of their portfolio | 488.0k $40.4m | Added +163.9k |
| TD Asset Management Inc 0.03% of their portfolio | 475.1k $39.3m | Reduced -20.0k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 455.4k $37.7m | Added +117.2k |
| Trexquant Investment LP 0.27% of their portfolio | 450.2k $37.3m | Added +365.6k |