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 ($22.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $15.04. Options: 13 managers hold calls ($17.0m notional), 11 hold puts ($25.6m).
Trends to Q2 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 |
| Q2 2025 | 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 |
|---|---|---|
| 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 |
| Q2 2025 | 120 | 169 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $84.7m | $48.2m | 0.57 |
| Q4 2024 | $28.5m | $32.1m | 1.13 |
| Q1 2025 | $23.0m | $13.1m | 0.57 |
| Q2 2025 | $17.0m | $25.6m | 1.50 |
Biggest buyers
| Point72 Asset Management, L.P. | New | +2.8m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +2.4m |
| NATIONAL BANK OF CANADA /FI/ | Added | +2.3m |
| MORGAN STANLEY | Added | +2.1m |
| UBS Group AG | Added | +2.0m |
| SG Americas Securities, LLC | Added | +1.9m |
| Verition Fund Management LLC | Added | +1.4m |
| FIL Ltd | Added | +1.2m |
| CANADA PENSION PLAN INVESTMENT BOARD | New | +965.2k |
| Temasek Holdings (Private) Ltd | New | +779.2k |
Biggest sellers
| HHLR ADVISORS, LTD. | Reduced | -5.6m |
| GOLDMAN SACHS GROUP INC | Reduced | -3.4m |
| BlackRock, Inc. | Reduced | -2.7m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Sold out | -2.2m |
| Orbis Allan Gray Ltd | Reduced | -2.1m |
| Polaris Capital Management, LLC | Reduced | -2.1m |
| Krane Funds Advisors LLC | Reduced | -2.1m |
| Mirae Asset Global Investments Co., Ltd. | Reduced | -2.0m |
| Allspring Global Investments Holdings, LLC | Reduced | -1.7m |
| PRUDENTIAL PLC | Reduced | -1.4m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.1m336.4k shares |
| GROUP ONE TRADING LLC | Reduced | $3.1m207.8k shares |
| UBS Group AG | Reduced | $1.9m124.1k shares |
| IMC-Chicago, LLC | Added | $1.6m104.1k shares |
| JANE STREET GROUP, LLC | Added | $1.4m94.1k shares |
| SIMPLEX TRADING, LLC | Added | $1.0m68.9k shares |
| CITADEL ADVISORS LLC | Reduced | $1.0m67.7k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $886.4k58.9k shares |
| Caption Management, LLC | New | $451.5k30.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $281.2k18.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $12.3m814.2k shares |
| GROUP ONE TRADING LLC | Added | $4.2m281.3k shares |
| Walleye Trading LLC | Added | $3.1m203.4k shares |
| SIMPLEX TRADING, LLC | Added | $2.7m178.5k shares |
| CITADEL ADVISORS LLC | Reduced | $1.5m101.1k shares |
| IMC-Chicago, LLC | Reduced | $797.6k53.0k shares |
| JANE STREET GROUP, LLC | Added | $549.3k36.5k shares |
| WOLVERINE TRADING, LLC | New | $399.2k26.4k shares |
| Walleye Capital LLC | Reduced | $64.7k4.3k shares |
| UBS Group AG | Unchanged | $16.6k1.1k 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 Q2 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 Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 18.8m $283.0m | Reduced -2.7m |
| ACADIAN ASSET MANAGEMENT LLC 0.51% of their portfolio | 16.4m $246.5m | Reduced -378.8k |
| Krane Funds Advisors LLC 8.14% of their portfolio | 13.8m $207.1m | Reduced -2.1m |
| VANGUARD GROUP INC 0.00% of their portfolio | 13.3m $199.8m | Reduced -536.7k |
| FIL Ltd 0.17% of their portfolio | 13.1m $197.3m | Added +1.2m |
| Robeco Institutional Asset Management B.V. 0.29% of their portfolio | 11.9m $178.8m | Reduced -683.0k |
| Carmignac Gestion 2.20% of their portfolio | 9.5m $143.2m | Added +550.8k |
| Invesco Ltd. 0.02% of their portfolio | 8.9m $134.4m | Added +760.4k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 8.3m $124.9m | Reduced -26.8k |
| STATE STREET CORP 0.00% of their portfolio | 7.1m $107.6m | Added +143.6k |
| MORGAN STANLEY 0.01% of their portfolio | 5.7m $86.0m | Added +2.1m |
| Polaris Capital Management, LLC 5.60% of their portfolio | 5.6m $84.2m | Reduced -2.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio | 5.6m $84.1m | Reduced -1.3m |
| LSV ASSET MANAGEMENT 0.17% of their portfolio | 4.9m $74.4m | Reduced -41.6k |
| Orbis Allan Gray Ltd 0.36% of their portfolio | 4.9m $73.4m | Reduced -2.1m |
| CapitalatWork S.A. 1.96% of their portfolio | 4.3m $64.1m | Added +61.0k |
| Allspring Global Investments Holdings, LLC 0.10% of their portfolio | 4.1m $62.5m | Reduced -1.7m |
| UBS Group AG 0.01% of their portfolio | 3.8m $56.9m | Added +2.0m |
| Marathon Asset Management Ltd 1.80% of their portfolio | 3.7m $56.0m | Reduced -420.7k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 3.7m $55.7m | Reduced -317.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 3.5m $52.9m | Added +2.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.5m $52.3m | Reduced -69.8k |
| NATIONAL BANK OF CANADA /FI/ 0.06% of their portfolio | 3.4m $51.4m | Added +2.3m |
| NORGES BANK 0.01% of their portfolio | 3.4m $50.7m | Added +37.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 3.3m $49.4m | Reduced -1.2m |
| North of South Capital LLP 5.10% of their portfolio | 3.2m $48.5m | Reduced -769.0k |
| Point72 Asset Management, L.P. 0.10% of their portfolio | 2.8m $42.5m | New |
| Legal & General Group Plc 0.01% of their portfolio | 2.6m $39.4m | Reduced -299.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.6m $39.2m | Added +316.4k |
| Allianz Asset Management GmbH 0.05% of their portfolio | 2.6m $38.8m | Reduced -346.0k |
| FMR LLC 0.00% of their portfolio | 2.4m $36.8m | Added +42.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 2.4m $35.8m | Reduced -207.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.3m $33.9m | Added +7.5k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 2.0m $30.0m | Added +387.2k |
| SG Americas Securities, LLC 0.13% of their portfolio | 1.9m $29.0m | Added +1.9m |
| TODD ASSET MANAGEMENT LLC 0.62% of their portfolio | 1.9m $28.7m | Added +67.1k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 1.7m $26.3m | Reduced -90.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 1.6m $24.0m | Reduced -328.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 1.5m $23.1m | Reduced -338.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.5m $22.5m | Reduced -3.4m |
| Verition Fund Management LLC 0.13% of their portfolio | 1.5m $22.0m | Added +1.4m |
| E Fund Management Co., Ltd. 1.04% of their portfolio | 1.4m $21.8m | Reduced -52.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 1.4m $21.2m | Added +17.9k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.4m $20.6m | Added +618.4k |
| PRUDENTIAL PLC 0.12% of their portfolio | 1.3m $20.2m | Reduced -1.4m |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 1.3m $19.3m | Reduced -168.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.3m $19.2m | Reduced -729.2k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.15% of their portfolio | 1.3m $19.1m | Added +39.9k |
| HHLR ADVISORS, LTD. 0.55% of their portfolio | 1.1m $17.0m | Reduced -5.6m |
| Mitsubishi UFJ Trust & Banking Corp 0.04% of their portfolio | 1.1m $16.7m | Added +61.2k |
| CITIGROUP INC 0.01% of their portfolio | 1.0m $15.8m | Reduced -227.5k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.05% of their portfolio | 1.0m $15.5m | Reduced -121.5k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 992.7k $14.9m | Added +27.5k |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 967.3k $14.6m | Reduced -280.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 965.2k $14.5m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 899.3k $13.5m | Reduced -825.9k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 799.3k $12.1m | Reduced -87.5k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 782.5k $11.8m | Added +55.9k |
| Temasek Holdings (Private) Ltd 0.05% of their portfolio | 779.2k $11.7m | New |
| Swiss National Bank 0.01% of their portfolio | 741.9k $11.2m | Unchanged |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 731.8k $11.0m | Reduced -93.7k |
| RBF Capital, LLC 0.54% of their portfolio | 722.2k $10.9m | Reduced -94.7k |
| California Public Employees Retirement System 0.01% of their portfolio | 668.6k $10.1m | Added +58.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 648.6k $9.8m | Added +130.8k |
| Nuveen, LLC 0.00% of their portfolio | 633.7k $9.5m | Reduced -119.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.03% of their portfolio | 621.8k $9.4m | Reduced -613.5k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 606.5k $9.1m | Added +31.4k |
| STOREBRAND ASSET MANAGEMENT AS 0.03% of their portfolio | 582.8k $8.8m | Unchanged |
| Hosking Partners LLP 0.35% of their portfolio | 580.9k $8.7m | Reduced -12.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 551.7k $8.3m | Reduced -9.3k |
| Polymer Capital Management (HK) LTD 1.25% of their portfolio | 529.6k $8.0m | Reduced -14.0k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 524.9k $7.8m | Reduced -7.6k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 506.5k $7.1m | Added +251.7k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.02% of their portfolio | 498.3k $7.5m | Added +417.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.02% of their portfolio | 491.6k $7.4m | Reduced -110.5k |
| Maxi Investments CY Ltd 1.24% of their portfolio | 485.6k $7.3m | Unchanged |
| Man Group plc 0.02% of their portfolio | 483.3k $7.3m | Reduced -453.3k |
| AXA S.A. 0.02% of their portfolio | 438.8k $6.6m | Added +12.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 433.7k $6.5m | Reduced -386.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 429.2k $6.5m | Reduced -6.4k |
| Aberdeen Group plc 0.01% of their portfolio | 427.4k $6.4m | Reduced -31.6k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.03% of their portfolio | 423.5k $6.4m | Reduced -9.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 414.2k $6.2m | Reduced -31.8k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 398.5k $6.0m | Added +20.0k |
| Point72 Hong Kong Ltd 0.41% of their portfolio | 390.1k $5.9m | New |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 386.3k $5.8m | Reduced -19.5k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 381.2k $5.7m | Added +68.4k |
| Korea Investment CORP 0.01% of their portfolio | 347.9k $5.2m | Added +66.2k |
| Skandinaviska Enskilda Banken AB (publ) 0.02% of their portfolio | 347.2k $5.2m | Reduced -158.9k |
| BARCLAYS PLC 0.00% of their portfolio | 345.9k $5.2m | Reduced -67.9k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio | 341.9k $5.1m | Reduced -4.8k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.03% of their portfolio | 337.0k $5.1m | Reduced -27.0k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 316.8k $4.8m | Reduced -385.2k |
| Caisse de depot et placement du Quebec 0.01% of their portfolio | 306.5k $4.6m | Added +74.1k |
| GF FUND MANAGEMENT CO. LTD. 0.09% of their portfolio | 301.3k $4.5m | Reduced -23.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 292.8k $4.4m | Unchanged |
| Harvest Fund Management Co., Ltd 0.19% of their portfolio | 284.5k $4.1m | Added +68.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 266.7k $4.0m | Reduced -133.3k |
| Handelsbanken Fonder AB 0.01% of their portfolio | 259.2k $3.9m | Added +16.3k |
| AVIVA PLC 0.01% of their portfolio | 249.8k $3.8m | Added +2.3k |