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 ($22.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.58. Options: 13 managers hold calls ($33.7m notional), 9 hold puts ($48.6m).
Trends to Q3 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 |
| Q3 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 |
|---|---|---|
| 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 |
| Q3 2025 | 147 | 119 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $28.5m | $32.1m | 1.13 |
| Q1 2025 | $23.0m | $13.1m | 0.57 |
| Q2 2025 | $17.0m | $25.6m | 1.50 |
| Q3 2025 | $33.7m | $48.6m | 1.44 |
Biggest buyers
| Invesco Ltd. | Added | +7.8m |
| FIL Ltd | Added | +5.3m |
| Orbis Allan Gray Ltd | Added | +4.7m |
| Krane Funds Advisors LLC | Added | +3.4m |
| BlackRock, Inc. | Added | +2.9m |
| JPMORGAN CHASE & CO | Added | +1.2m |
| Clark Capital Management Group, Inc. | New | +931.9k |
| Man Group plc | Added | +902.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC | Added | +852.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | New | +725.2k |
Biggest sellers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -3.5m |
| VANGUARD GROUP INC | Reduced | -3.3m |
| Carmignac Gestion | Reduced | -3.0m |
| Point72 Asset Management, L.P. | Sold out | -2.8m |
| Allspring Global Investments Holdings, LLC | Reduced | -2.3m |
| MORGAN STANLEY | Reduced | -2.1m |
| UBS Group AG | Reduced | -1.5m |
| Verition Fund Management LLC | Reduced | -1.4m |
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -1.3m |
| HHLR ADVISORS, LTD. | Sold out | -1.1m |
Biggest calls
| PEAK6 LLC | New | $11.8m602.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $7.3m371.8k shares |
| GROUP ONE TRADING LLC | Added | $4.2m214.2k shares |
| UBS Group AG | Unchanged | $2.4m124.1k shares |
| MILLENNIUM MANAGEMENT LLC | New | $1.5m77.5k shares |
| IMC-Chicago, LLC | Reduced | $1.4m70.3k shares |
| TUDOR INVESTMENT CORP ET AL | New | $1.2m61.9k shares |
| CITADEL ADVISORS LLC | Reduced | $995.7k50.7k shares |
| JANE STREET GROUP, LLC | Reduced | $885.8k45.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $657.0k33.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $17.5m888.6k shares |
| GROUP ONE TRADING LLC | Added | $9.6m488.6k shares |
| SIMPLEX TRADING, LLC | Added | $5.2m265.9k shares |
| JANE STREET GROUP, LLC | Added | $4.9m249.9k shares |
| IMC-Chicago, LLC | Added | $3.7m185.9k shares |
| CITADEL ADVISORS LLC | Added | $3.4m174.6k shares |
| Walleye Trading LLC | Reduced | $3.4m171.5k shares |
| WOLVERINE TRADING, LLC | Added | $952.6k49.9k shares |
| UBS Group AG | Unchanged | $21.6k1.1k 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 Q3 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 Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 21.7m $425.6m | Added +2.9m |
| FIL Ltd 0.28% of their portfolio | 18.4m $361.5m | Added +5.3m |
| Krane Funds Advisors LLC 9.11% of their portfolio | 17.2m $320.4m | Added +3.4m |
| Invesco Ltd. 0.05% of their portfolio | 16.7m $328.3m | Added +7.8m |
| ACADIAN ASSET MANAGEMENT LLC 0.57% of their portfolio | 16.6m $326.1m | Added +222.8k |
| Robeco Institutional Asset Management B.V. 0.35% of their portfolio | 12.2m $239.7m | Added +323.1k |
| VANGUARD GROUP INC 0.00% of their portfolio | 10.0m $196.4m | Reduced -3.3m |
| Orbis Allan Gray Ltd 0.81% of their portfolio | 9.6m $188.3m | Added +4.7m |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 8.5m $166.2m | Added +163.8k |
| STATE STREET CORP 0.00% of their portfolio | 7.0m $137.9m | Reduced -125.3k |
| Carmignac Gestion 1.91% of their portfolio | 6.5m $127.8m | Reduced -3.0m |
| LSV ASSET MANAGEMENT 0.24% of their portfolio | 5.5m $108.5m | Added +579.3k |
| Polaris Capital Management, LLC 6.54% of their portfolio | 5.1m $99.5m | Reduced -525.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio | 4.7m $92.2m | Reduced -888.6k |
| CapitalatWork S.A. 2.41% of their portfolio | 4.2m $82.7m | Reduced -46.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.8m $74.6m | Added +1.2m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 3.7m $72.5m | Added +407.4k |
| MORGAN STANLEY 0.00% of their portfolio | 3.6m $71.3m | Reduced -2.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.6m $70.2m | Added +94.6k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 3.5m $69.0m | Reduced -186.6k |
| North of South Capital LLP 6.33% of their portfolio | 3.4m $65.9m | Added +131.8k |
| Marathon Asset Management Ltd 2.25% of their portfolio | 3.1m $61.2m | Reduced -605.6k |
| Allianz Asset Management GmbH 0.07% of their portfolio | 2.8m $55.5m | Added +250.7k |
| TODD ASSET MANAGEMENT LLC 1.04% of their portfolio | 2.6m $51.4m | Added +705.2k |
| Legal & General Group Plc 0.01% of their portfolio | 2.5m $48.8m | Reduced -133.4k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.4m $47.5m | Added +41.0k |
| FMR LLC 0.00% of their portfolio | 2.4m $47.3m | Reduced -38.3k |
| NATIONAL BANK OF CANADA /FI/ 0.05% of their portfolio | 2.3m $45.7m | Reduced -1.1m |
| UBS Group AG 0.01% of their portfolio | 2.3m $44.5m | Reduced -1.5m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.3m $44.3m | Added +263 |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 2.2m $43.2m | Added +201.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 1.8m $36.1m | Added +300.4k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 1.8m $37.5m | Reduced -2.3m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.8m $34.8m | Added +276.3k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.26% of their portfolio | 1.7m $34.0m | Added +465.8k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.6m $31.1m | Added +209.4k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 1.5m $28.4m | Added +196.6k |
| Man Group plc 0.05% of their portfolio | 1.4m $27.2m | Added +902.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.07% of their portfolio | 1.3m $26.4m | Added +852.3k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 1.3m $26.3m | Reduced -403.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 1.3m $25.6m | Added +402.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 1.3m $25.1m | Reduced -128.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.3m $24.6m | Reduced -26.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.05% of their portfolio | 1.2m $23.2m | Added +70.1k |
| SG Americas Securities, LLC 0.08% of their portfolio | 1.1m $21.6m | Reduced -829.2k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.28% of their portfolio | 1.1m $21.1m | Added +294.2k |
| CITIGROUP INC 0.01% of their portfolio | 1.1m $21.1m | Added +27.7k |
| PRUDENTIAL PLC 0.15% of their portfolio | 1.1m $21.0m | Reduced -272.6k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.05% of their portfolio | 1.1m $20.9m | Added +563.5k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.0m $20.4m | Added +44.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.06% of their portfolio | 1.0m $20.2m | Reduced -4.1k |
| LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio | 947.0k $18.6m | Reduced -20.3k |
| Clark Capital Management Group, Inc. 0.11% of their portfolio | 931.9k $18.3m | New |
| STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio | 786.5k $15.4m | Added +203.7k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 749.0k $14.3m | Reduced -50.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 744.5k $14.6m | Added +12.6k |
| Swiss National Bank 0.01% of their portfolio | 739.1k $14.5m | Reduced -2.8k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.03% of their portfolio | 725.2k $14.2m | New |
| RBF Capital, LLC 0.65% of their portfolio | 722.2k $14.2m | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 664.7k $13.1m | Added +230.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 664.5k $13.1m | Added +15.9k |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 655.3k $12.9m | Added +480.8k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 654.5k $12.9m | New |
| Nuveen, LLC 0.00% of their portfolio | 624.7k $12.3m | Reduced -9.0k |
| AXA Investment Managers S.A. 0.03% of their portfolio | 592.0k $11.6m | First filing |
| California Public Employees Retirement System 0.01% of their portfolio | 586.3k $11.5m | Reduced -82.3k |
| Polymer Capital Management (HK) LTD 1.60% of their portfolio | 585.1k $11.5m | Added +55.5k |
| Hosking Partners LLP 0.40% of their portfolio | 568.5k $11.2m | Reduced -12.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 501.0k $9.8m | Reduced -50.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 490.1k $9.6m | New |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 484.5k $9.5m | Added +167.6k |
| BARCLAYS PLC 0.00% of their portfolio | 476.9k $9.4m | Added +131.0k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 432.0k $8.5m | Added +33.5k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 386.3k $7.3m | Unchanged |
| Caisse de depot et placement du Quebec 0.01% of their portfolio | 383.4k $7.5m | Added +76.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 381.8k $7.5m | Reduced -47.3k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 377.9k $7.4m | Reduced -3.3k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.04% of their portfolio | 376.2k $7.4m | Added +39.2k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 370.5k $7.3m | Reduced -43.8k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.04% of their portfolio | 368.0k $7.2m | Reduced -55.5k |
| Korea Investment CORP 0.01% of their portfolio | 361.3k $7.1m | Added +13.4k |
| Aberdeen Group plc 0.01% of their portfolio | 361.3k $6.9m | Reduced -66.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 359.6k $7.1m | Added +66.8k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio | 341.9k $6.7m | Unchanged |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 341.1k $6.7m | Added +137.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 305.5k $5.9m | Reduced -1.3m |
| GF FUND MANAGEMENT CO. LTD. 0.10% of their portfolio | 279.3k $5.5m | Reduced -22.0k |
| Handelsbanken Fonder AB 0.02% of their portfolio | 271.4k $5.3m | Added +12.1k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 269.6k $5.3m | Reduced -336.8k |
| Pinpoint Asset Management (Singapore) Pte. Ltd. 0.89% of their portfolio | 253.1k $5.0m | New |
| AVIVA PLC 0.01% of their portfolio | 243.9k $4.8m | Reduced -5.9k |
| Creative Planning 0.00% of their portfolio | 204.0k $4.0m | Added +41.3k |
| BI Asset Management Fondsmaeglerselskab A/S 0.04% of their portfolio | 203.2k $4.0m | Added +82.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 190.9k $3.7m | New |
| Harvest Fund Management Co., Ltd 0.12% of their portfolio | 189.0k $2.9m | Reduced -95.5k |
| DANSKE BANK A/S 0.01% of their portfolio | 182.8k $3.6m | Added +58.8k |
| Skandinaviska Enskilda Banken AB (publ) 0.01% of their portfolio | 179.8k $3.5m | Reduced -167.4k |
| APG Asset Management N.V. 0.01% of their portfolio | 177.2k $3.0m | Added +103.8k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 173.2k $3.4m | New |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 161.4k $3.1m | Reduced -105.3k |