VIPSHOP HLDGS LTD VIPS
SPONSORED ADS A · ADR · CUSIP 92763W103 · ISIN US92763W1036
* 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 ($14.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $13.46. Options: 16 managers hold calls ($28.5m notional), 17 hold puts ($32.1m).
Trends to Q4 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 274 |
| Q4 2022 | 290 |
| Q1 2023 | 319 |
| Q2 2023 | 327 |
| Q3 2023 | 334 |
| Q4 2023 | 332 |
| Q1 2024 | 330 |
| Q2 2024 | 293 |
| Q3 2024 | 268 |
| Q4 2024 | 278 |
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 | 169 | 127 |
| Q2 2023 | 157 | 158 |
| Q3 2023 | 153 | 162 |
| Q4 2023 | 148 | 153 |
| Q1 2024 | 167 | 156 |
| Q2 2024 | 135 | 181 |
| Q3 2024 | 107 | 166 |
| Q4 2024 | 114 | 148 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $42.0m | $41.6m | 0.99 |
| Q2 2024 | $26.4m | $20.5m | 0.78 |
| Q3 2024 | $84.7m | $48.2m | 0.57 |
| Q4 2024 | $28.5m | $32.1m | 1.13 |
Biggest buyers
| Polaris Capital Management, LLC | New | +4.7m |
| First Beijing Investment Ltd | Added | +2.2m |
| NORGES BANK | Added | +1.8m |
| Invesco Ltd. | Added | +1.7m |
| NORTHERN TRUST CORP | Added | +1.2m |
| MILLENNIUM MANAGEMENT LLC | New | +1.2m |
| DIMENSIONAL FUND ADVISORS LP | Added | +993.0k |
| CITADEL ADVISORS LLC | New | +606.6k |
| UBS Group AG | Added | +605.0k |
| Qube Research & Technologies Ltd | Added | +487.0k |
Biggest sellers
| FIL Ltd | Reduced | -2.2m |
| BRIGHT VALLEY CAPITAL Ltd | Reduced | -2.0m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -1.7m |
| CAUSEWAY CAPITAL MANAGEMENT LLC | Reduced | -1.6m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -1.4m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Sold out | -1.2m |
| HHLR ADVISORS, LTD. | Reduced | -840.3k |
| JPMORGAN CHASE & CO | Reduced | -780.3k |
| Nuveen Asset Management, LLC | Reduced | -724.9k |
| BlackRock, Inc. | Reduced | -694.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.1m673.5k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $7.0m516.3k shares |
| GROUP ONE TRADING LLC | Reduced | $2.1m156.0k shares |
| ROYAL BANK OF CANADA | Unchanged | $2.0m150.0k shares |
| IMC-Chicago, LLC | Reduced | $2.0m145.8k shares |
| Walleye Trading LLC | Reduced | $1.7m128.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.0m77.9k shares |
| CITADEL ADVISORS LLC | Reduced | $794.7k59.0k shares |
| WOLVERINE TRADING, LLC | New | $766.3k57.7k shares |
| Walleye Capital LLC | Added | $580.6k43.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $8.7m646.7k shares |
| BARCLAYS PLC | Unchanged | $4.0m300.0k shares |
| CITADEL ADVISORS LLC | Added | $3.6m268.7k shares |
| PEAK6 LLC | First filing | $3.0m219.3k shares |
| GROUP ONE TRADING LLC | Reduced | $2.9m218.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.6m190.5k shares |
| UBS Group AG | Added | $1.7m126.6k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $1.6m119.8k shares |
| IMC-Chicago, LLC | Reduced | $1.4m101.7k shares |
| Parallax Volatility Advisers, L.P. | Unchanged | $538.8k40.0k 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 |
|---|---|
| UBS Group AG 13G · institution +1.7 pts · filed 2026-05-07 | 20.0% |
| Elegant Motion Holdings Ltd 13G · exempt (held before listing) filed 2025-08-14 | 18.2% |
Tencent Holdings Ltd
13D · may seek influence
filed 2025-05-22
Stated purposeNo change Full filing |
14.8% |
| High Vivacity Holdings Ltd 13G · exempt (held before listing) filed 2025-08-14 | 11.1% |
| FIL Ltd 13G · institution +1.3 pts · filed 2026-08-06 | 6.5% |
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 |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 18.1m $243.9m | Reduced -694.7k |
| HHLR ADVISORS, LTD. 6.94% of their portfolio | 14.9m $200.4m | Reduced -840.3k |
| Krane Funds Advisors LLC 8.10% of their portfolio | 14.7m $197.9m | Reduced -228.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.56% of their portfolio | 14.3m $192.3m | Reduced -1.7m |
| VANGUARD GROUP INC 0.00% of their portfolio | 14.0m $188.1m | Added +79.3k |
| FIL Ltd 0.16% of their portfolio | 12.8m $172.7m | Reduced -2.2m |
| Robeco Institutional Asset Management B.V. 0.28% of their portfolio | 11.1m $149.6m | Added +139.3k |
| Carmignac Gestion 2.13% of their portfolio | 9.9m $133.8m | Reduced -98.0k |
| First Beijing Investment Ltd 9.41% of their portfolio | 9.8m $132.5m | Added +2.2m |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 8.1m $108.6m | Added +993.0k |
| Invesco Ltd. 0.02% of their portfolio | 7.8m $104.5m | Added +1.7m |
| STATE STREET CORP 0.00% of their portfolio | 7.0m $94.2m | Reduced -335.6k |
| Allspring Global Investments Holdings, LLC 0.14% of their portfolio | 6.5m $84.4m | Reduced -35.1k |
| Orbis Allan Gray Ltd 0.43% of their portfolio | 5.9m $79.8m | Added +279.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio | 5.8m $77.7m | Reduced -1.4m |
| LSV ASSET MANAGEMENT 0.15% of their portfolio | 4.9m $66.0m | Reduced -129.5k |
| NORGES BANK 0.01% of their portfolio | 4.8m $64.1m | Added +1.8m |
| Polaris Capital Management, LLC 3.04% of their portfolio | 4.7m $63.1m | New |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 4.4m $58.7m | Reduced -473.5k |
| Marathon Asset Management Ltd 1.63% of their portfolio | 4.3m $58.5m | Reduced -47.0k |
| CapitalatWork S.A. 1.81% of their portfolio | 4.1m $55.3m | Added +38.1k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 4.0m $54.4m | Added +339.7k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 3.8m $51.2m | Reduced -224.3k |
| North of South Capital LLP 6.21% of their portfolio | 3.8m $51.2m | Reduced -214.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.6m $47.9m | Added +315.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 3.5m $47.5m | Reduced -460.1k |
| Allianz Asset Management GmbH 0.07% of their portfolio | 3.3m $45.1m | Reduced -6.7k |
| MORGAN STANLEY 0.00% of their portfolio | 3.3m $44.8m | Added +192.5k |
| PRUDENTIAL PLC 0.20% of their portfolio | 2.9m $39.2m | Added +9.4k |
| Legal & General Group Plc 0.01% of their portfolio | 2.9m $39.0m | Reduced -157.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.6m $35.0m | Reduced -780.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 2.6m $34.9m | Added +1.2m |
| TODD ASSET MANAGEMENT LLC 0.68% of their portfolio | 2.1m $28.4m | Added +337.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.0m $27.4m | Added +286.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.0m $27.3m | Added +38.7k |
| E Fund Management Co., Ltd. 1.26% of their portfolio | 1.9m $25.1m | Reduced -266.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.03% of their portfolio | 1.8m $24.0m | Reduced -33.8k |
| FMR LLC 0.00% of their portfolio | 1.7m $23.3m | Reduced -344.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 1.6m $21.6m | Reduced -289.6k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 1.6m $21.5m | Reduced -13.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 1.6m $21.0m | Added +222.2k |
| KEYWISE CAPITAL MANAGEMENT (HK) Ltd 1.69% of their portfolio | 1.5m $20.4m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.5m $19.9m | Added +83.0k |
| LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio | 1.4m $18.8m | Added +44.9k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.16% of their portfolio | 1.4m $18.5m | Added +256.7k |
| UBS Group AG 0.00% of their portfolio | 1.3m $17.1m | Added +605.0k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 1.2m $16.0m | Added +127.4k |
| CITIGROUP INC 0.02% of their portfolio | 1.2m $15.9m | Reduced -144.8k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.2m $15.6m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.07% of their portfolio | 1.1m $15.1m | Added +271.0k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 1.0m $13.8m | Added +438.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 1.0m $13.6m | Added +85.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 972.6k $13.1m | Reduced -404.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.04% of their portfolio | 946.8k $12.8m | Reduced -2.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.03% of their portfolio | 935.0k $12.6m | Reduced -21.3k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 914.1k $12.3m | Added +130.7k |
| NISSAY ASSET MANAGEMENT CORP /JAPAN 0.07% of their portfolio | 878.0k $11.7m | Added +5.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 826.6k $11.1m | Reduced -16.2k |
| RBF Capital, LLC 0.57% of their portfolio | 816.9k $11.0m | Unchanged |
| Swiss National Bank 0.01% of their portfolio | 773.8k $10.4m | Reduced -69.6k |
| Swedbank AB 0.01% of their portfolio | 759.2k $10.2m | Reduced -250.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.03% of their portfolio | 753.7k $10.2m | Reduced -155.5k |
| Alberta Investment Management Corp 0.07% of their portfolio | 732.4k $9.9m | Reduced -158.3k |
| Aberdeen Group plc 0.02% of their portfolio | 723.3k $9.6m | Added +30.4k |
| BARCLAYS PLC 0.00% of their portfolio | 672.2k $9.1m | Reduced -440.6k |
| California Public Employees Retirement System 0.01% of their portfolio | 669.4k $9.0m | Reduced -38.2k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 608.0k $8.2m | Reduced -724.9k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 606.6k $8.2m | New |
| Hosking Partners LLP 0.32% of their portfolio | 599.1k $8.1m | Reduced -50.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 585.7k $7.9m | Added +111.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 538.7k $7.3m | Reduced -101.8k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 537.6k $7.2m | Reduced -371 |
| GF FUND MANAGEMENT CO. LTD. 0.15% of their portfolio | 526.7k $7.1m | First filing |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 513.7k $6.9m | Added +487.0k |
| Maxi Investments CY Ltd 1.26% of their portfolio | 485.6k $6.5m | Unchanged |
| STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio | 481.1k $6.5m | Reduced -72.2k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 468.7k $6.3m | Added +66.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 465.4k $6.3m | Added +368.0k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.04% of their portfolio | 432.6k $5.8m | Added +22.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 396.4k $5.3m | Reduced -454 |
| Bridgewater Associates, LP 0.02% of their portfolio | 391.6k $5.3m | Reduced -28.4k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 386.3k $5.1m | Unchanged |
| NAN FUNG TRINITY (HK) LTD 1.03% of their portfolio | 373.1k $5.0m | New |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 371.5k $5.0m | Reduced -84.4k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 369.0k $5.0m | Reduced -13.9k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.04% of their portfolio | 366.7k $4.9m | Reduced -52.5k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio | 323.2k $4.4m | Reduced -236.5k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 317.5k $4.3m | Reduced -80.5k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 301.8k $4.1m | Reduced -1.6m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 292.8k $3.9m | Unchanged |
| Korea Investment CORP 0.01% of their portfolio | 279.0k $3.8m | Reduced -90.8k |
| Polymer Capital Management (HK) LTD 0.63% of their portfolio | 267.3k $3.6m | Added +256.2k |
| AVIVA PLC 0.01% of their portfolio | 261.1k $3.5m | Added +2.5k |
| STRS OHIO 0.01% of their portfolio | 260.5k $3.5m | Added +1.8k |
| Handelsbanken Fonder AB 0.01% of their portfolio | 234.1k $3.2m | Added +13.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 218.9k $2.9m | Reduced -21.9k |
| BRIGHT VALLEY CAPITAL Ltd 1.88% of their portfolio | 210.0k $2.8m | Reduced -2.0m |
| Penserra Capital Management LLC 0.05% of their portfolio | 209.3k $2.8m | Added +35.4k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 203.6k $2.7m | Added +151.5k |
| Ativo Capital Management LLC 2.71% of their portfolio | 202.7k $2.7m | Reduced -15 |