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 ($18.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $15.56. Options: 15 managers hold calls ($23.0m notional), 12 hold puts ($13.1m).
Trends to Q1 2025
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 |
| Q1 2025 | 304 |
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 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 |
| Q1 2025 | 173 | 115 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $26.4m | $20.5m | 0.78 |
| Q3 2024 | $84.7m | $48.2m | 0.57 |
| Q4 2024 | $28.5m | $32.1m | 1.13 |
| Q1 2025 | $23.0m | $13.1m | 0.57 |
Biggest buyers
| BlackRock, Inc. | Added | +3.4m |
| Polaris Capital Management, LLC | Added | +3.0m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +2.5m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | New | +2.2m |
| Mirae Asset Global Investments Co., Ltd. | Added | +2.0m |
| PRINCIPAL FINANCIAL GROUP INC | New | +1.7m |
| Packer & Co Ltd | New | +1.5m |
| Robeco Institutional Asset Management B.V. | Added | +1.5m |
| Krane Funds Advisors LLC | Added | +1.1m |
| NATIONAL BANK OF CANADA /FI/ | Added | +1.1m |
Biggest sellers
| First Beijing Investment Ltd | Sold out | -9.8m |
| HHLR ADVISORS, LTD. | Reduced | -8.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -2.4m |
| KEYWISE CAPITAL MANAGEMENT (HK) Ltd | Sold out | -1.5m |
| NORGES BANK | Reduced | -1.4m |
| Carmignac Gestion | Reduced | -975.2k |
| FIL Ltd | Reduced | -933.6k |
| NISSAY ASSET MANAGEMENT CORP /JAPAN | Sold out | -878.0k |
| Allspring Global Investments Holdings, LLC | Reduced | -663.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -454.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.8m304.8k shares |
| GROUP ONE TRADING LLC | Added | $3.7m238.5k shares |
| UBS Group AG | Added | $2.5m161.1k shares |
| PEAK6 LLC | Added | $2.5m157.9k shares |
| IMC-Chicago, LLC | Reduced | $1.5m98.8k shares |
| CITADEL ADVISORS LLC | Added | $1.5m95.0k shares |
| JANE STREET GROUP, LLC | Added | $1.2m74.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.1m67.2k shares |
| Walleye Capital LLC | Added | $1.0m65.5k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $934.5k59.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.5m287.6k shares |
| CITADEL ADVISORS LLC | Reduced | $2.7m169.1k shares |
| PEAK6 LLC | Reduced | $2.2m140.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $980.0k62.5k shares |
| IMC-Chicago, LLC | Reduced | $903.2k57.6k shares |
| Walleye Trading LLC | Added | $683.6k43.6k shares |
| GARDA CAPITAL PARTNERS LP | New | $376.3k24.0k shares |
| GROUP ONE TRADING LLC | Reduced | $359.1k22.9k shares |
| Walleye Capital LLC | Added | $238.3k15.2k shares |
| JANE STREET GROUP, LLC | Reduced | $189.7k12.1k 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 |
|---|---|
| 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 Q1 2025
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 Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 21.5m $337.1m | Added +3.4m |
| ACADIAN ASSET MANAGEMENT LLC 0.74% of their portfolio | 16.8m $262.8m | Added +2.5m |
| Krane Funds Advisors LLC 7.14% of their portfolio | 15.8m $248.4m | Added +1.1m |
| VANGUARD GROUP INC 0.00% of their portfolio | 13.8m $216.6m | Reduced -147.6k |
| Robeco Institutional Asset Management B.V. 0.38% of their portfolio | 12.6m $197.0m | Added +1.5m |
| FIL Ltd 0.18% of their portfolio | 11.9m $186.4m | Reduced -933.6k |
| Carmignac Gestion 2.31% of their portfolio | 9.0m $140.5m | Reduced -975.2k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 8.3m $130.7m | Added +267.4k |
| Invesco Ltd. 0.02% of their portfolio | 8.2m $128.1m | Added +411.1k |
| Polaris Capital Management, LLC 6.91% of their portfolio | 7.7m $120.8m | Added +3.0m |
| Orbis Allan Gray Ltd 0.63% of their portfolio | 7.0m $109.9m | Added +1.1m |
| STATE STREET CORP 0.00% of their portfolio | 7.0m $109.8m | Added +9.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.09% of their portfolio | 6.8m $107.3m | Added +1.1m |
| HHLR ADVISORS, LTD. 2.96% of their portfolio | 6.7m $104.8m | Reduced -8.2m |
| Allspring Global Investments Holdings, LLC 0.15% of their portfolio | 5.8m $88.9m | Reduced -663.0k |
| LSV ASSET MANAGEMENT 0.19% of their portfolio | 5.0m $78.2m | Added +90.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 4.9m $77.3m | Added +1.1m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 4.5m $70.4m | Added +135.6k |
| CapitalatWork S.A. 2.14% of their portfolio | 4.2m $65.8m | Added +94.9k |
| Marathon Asset Management Ltd 1.98% of their portfolio | 4.1m $64.9m | Reduced -202.8k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 4.0m $63.0m | Reduced -20.7k |
| North of South Capital LLP 6.99% of their portfolio | 4.0m $62.6m | Added +195.3k |
| MORGAN STANLEY 0.00% of their portfolio | 3.6m $56.2m | Added +255.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.6m $55.7m | Reduced -3.2k |
| NORGES BANK 0.01% of their portfolio | 3.3m $52.3m | Reduced -1.4m |
| Allianz Asset Management GmbH 0.07% of their portfolio | 2.9m $45.8m | Reduced -427.3k |
| Legal & General Group Plc 0.01% of their portfolio | 2.9m $45.8m | Added +20.1k |
| PRUDENTIAL PLC 0.22% of their portfolio | 2.7m $43.0m | Reduced -162.0k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.6m $40.6m | Reduced -5.2k |
| FMR LLC 0.00% of their portfolio | 2.4m $37.7m | Added +675.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.3m $35.9m | Reduced -306.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.2m $35.2m | Added +211.2k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.08% of their portfolio | 2.2m $34.2m | New |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 2.0m $310.4k | Added +2.0m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.0m $31.5m | Reduced -21.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.03% of their portfolio | 1.9m $30.6m | Added +139.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 1.9m $29.4m | First filing |
| TODD ASSET MANAGEMENT LLC 0.68% of their portfolio | 1.8m $28.9m | Reduced -267.8k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 1.8m $28.8m | Added +238.6k |
| UBS Group AG 0.01% of their portfolio | 1.8m $28.1m | Added +522.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 1.7m $27.1m | New |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 1.6m $25.2m | Added +130.0k |
| Packer & Co Ltd 7.38% of their portfolio | 1.5m $24.3m | New |
| E Fund Management Co., Ltd. 1.12% of their portfolio | 1.5m $23.5m | Reduced -365.4k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 1.4m $23.0m | Added +249.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 1.4m $21.8m | Added +376.4k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.4m $21.7m | Added +226.6k |
| CITIGROUP INC 0.02% of their portfolio | 1.3m $20.0m | Added +99.5k |
| LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio | 1.2m $19.6m | Reduced -144.3k |
| Connor, Clark & Lunn Investment Management Ltd. 0.08% of their portfolio | 1.2m $19.4m | Added +116.3k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.17% of their portfolio | 1.2m $19.2m | Reduced -147.6k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.07% of their portfolio | 1.2m $18.1m | Added +207.5k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 1.2m $18.1m | Added +1.1m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 1.1m $18.0m | Reduced -454.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 1.1m $16.9m | Reduced -2.4m |
| Mitsubishi UFJ Trust & Banking Corp 0.04% of their portfolio | 1.0m $16.4m | Added +112.5k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 965.2k $15.1m | Reduced -7.4k |
| Man Group plc 0.04% of their portfolio | 936.6k $14.7m | New |
| Alberta Investment Management Corp 0.10% of their portfolio | 920.1k $14.4m | Added +187.7k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 886.8k $13.9m | Reduced -27.3k |
| JUPITER ASSET MANAGEMENT LTD 0.13% of their portfolio | 850.9k $13.3m | New |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 825.6k $12.9m | Reduced -1.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 820.0k $12.9m | Added +744.6k |
| RBF Capital, LLC 0.81% of their portfolio | 816.9k $12.8m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 753.6k $11.8m | Added +168.0k |
| Nuveen, LLC 0.00% of their portfolio | 753.6k $11.8m | First filing |
| Swiss National Bank 0.01% of their portfolio | 741.9k $11.6m | Reduced -31.9k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.24% of their portfolio | 726.6k $11.4m | Added +424.8k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 702.1k $11.0m | Added +188.3k |
| California Public Employees Retirement System 0.01% of their portfolio | 609.8k $9.6m | Reduced -59.6k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.03% of their portfolio | 602.1k $9.4m | Reduced -151.6k |
| Hosking Partners LLP 0.39% of their portfolio | 593.4k $9.3m | Reduced -5.7k |
| STOREBRAND ASSET MANAGEMENT AS 0.03% of their portfolio | 582.8k $9.1m | Added +101.7k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 575.1k $9.0m | Reduced -447.4k |
| PINEBRIDGE INVESTMENTS, L.P. 0.07% of their portfolio | 565.1k $8.9m | Added +519.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 560.9k $8.8m | Added +22.2k |
| Walleye Capital LLC 0.10% of their portfolio | 554.5k $8.7m | Added +421.8k |
| Bridgewater Associates, LP 0.04% of their portfolio | 544.7k $8.5m | Added +153.1k |
| Polymer Capital Management (HK) LTD 1.48% of their portfolio | 543.6k $8.5m | Added +276.3k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 532.5k $8.4m | Reduced -5.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 517.8k $8.1m | Added +52.4k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 517.6k $8.4m | Added +48.9k |
| Skandinaviska Enskilda Banken AB (publ) 0.04% of their portfolio | 506.1k $7.9m | Added +436.0k |
| Maxi Investments CY Ltd 1.52% of their portfolio | 485.6k $7.6m | Unchanged |
| Aberdeen Group plc 0.01% of their portfolio | 459.1k $7.2m | Reduced -264.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 446.0k $7.0m | Added +49.6k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 435.5k $6.8m | Added +66.5k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.04% of their portfolio | 432.6k $6.8m | Unchanged |
| AXA S.A. 0.02% of their portfolio | 425.9k $6.7m | Added +370.0k |
| BARCLAYS PLC 0.00% of their portfolio | 413.7k $6.5m | Reduced -258.4k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 405.8k $6.4m | Added +19.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 400.0k $6.5m | New |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 378.5k $5.9m | Added +7.0k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.05% of their portfolio | 364.0k $5.7m | Reduced -2.7k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio | 346.7k $5.4m | Added +23.5k |
| GF FUND MANAGEMENT CO. LTD. 0.12% of their portfolio | 324.6k $5.1m | Reduced -202.1k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 313.9k $4.9m | Reduced -292.8k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 312.8k $4.9m | Reduced -4.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 292.8k $4.6m | Unchanged |
| Korea Investment CORP 0.01% of their portfolio | 281.7k $4.4m | Added +2.7k |