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 ($21.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.71. Options: 12 managers hold calls ($31.4m notional), 11 hold puts ($26.0m).
Trends to Q4 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 |
| Q4 2025 | 314 |
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 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 |
| Q4 2025 | 178 | 107 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $23.0m | $13.1m | 0.57 |
| Q2 2025 | $17.0m | $25.6m | 1.50 |
| Q3 2025 | $33.7m | $48.6m | 1.44 |
| Q4 2025 | $31.4m | $26.0m | 0.83 |
Biggest buyers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +2.8m |
| Packer & Co Ltd | New | +1.5m |
| Orbis Allan Gray Ltd | Added | +1.2m |
| HSBC HOLDINGS PLC | Added | +1.1m |
| Point72 Asset Management, L.P. | New | +1.1m |
| Clark Capital Management Group, Inc. | Added | +1.1m |
| BlackRock, Inc. | Added | +1.1m |
| UBS Group AG | Added | +946.2k |
| Qube Research & Technologies Ltd | Added | +909.1k |
| RBF Capital, LLC | Added | +722.2k |
Biggest sellers
| Polaris Capital Management, LLC | Sold out | -5.1m |
| Krane Funds Advisors LLC | Reduced | -4.4m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -2.6m |
| Carmignac Gestion | Reduced | -2.4m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -2.2m |
| JPMORGAN CHASE & CO | Reduced | -1.9m |
| Allspring Global Investments Holdings, LLC | Reduced | -1.8m |
| Robeco Institutional Asset Management B.V. | Reduced | -1.3m |
| MORGAN STANLEY | Reduced | -1.1m |
| North of South Capital LLP | Reduced | -1.1m |
Biggest calls
| PEAK6 LLC | Added | $12.4m700.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.7m323.7k shares |
| GROUP ONE TRADING LLC | Reduced | $3.6m201.5k shares |
| UBS Group AG | Unchanged | $2.2m124.1k shares |
| IMC-Chicago, LLC | Added | $2.1m117.2k shares |
| SIMPLEX TRADING, LLC | Added | $1.5m83.0k shares |
| JANE STREET GROUP, LLC | Added | $1.2m69.1k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $1.1m62.1k shares |
| CITADEL ADVISORS LLC | Reduced | $753.6k42.6k shares |
| Walleye Trading LLC | Added | $721.8k40.8k shares |
Biggest puts
| PEAK6 LLC | New | $9.4m532.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.9m276.8k shares |
| GROUP ONE TRADING LLC | Reduced | $4.1m233.0k shares |
| CITADEL ADVISORS LLC | Reduced | $2.4m132.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.3m129.6k shares |
| IMC-Chicago, LLC | Reduced | $1.1m60.4k shares |
| JANE STREET GROUP, LLC | Reduced | $803.1k45.4k shares |
| Walleye Trading LLC | Reduced | $557.2k31.5k shares |
| TUDOR INVESTMENT CORP ET AL | New | $272.4k15.4k shares |
| Walleye Capital LLC | New | $164.5k9.3k 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 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 Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 22.7m $402.1m | Added +1.1m |
| FIL Ltd 0.25% of their portfolio | 18.9m $334.2m | Added +483.8k |
| Invesco Ltd. 0.03% of their portfolio | 16.9m $298.3m | Added +149.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.48% of their portfolio | 16.6m $292.9m | Reduced -47.7k |
| Krane Funds Advisors LLC 7.34% of their portfolio | 12.8m $226.3m | Reduced -4.4m |
| Robeco Institutional Asset Management B.V. 0.27% of their portfolio | 10.9m $192.6m | Reduced -1.3m |
| Orbis Allan Gray Ltd 0.80% of their portfolio | 10.8m $191.3m | Added +1.2m |
| VANGUARD GROUP INC 0.00% of their portfolio | 10.1m $179.5m | Added +149.8k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 8.6m $152.5m | Added +149.3k |
| STATE STREET CORP 0.00% of their portfolio | 7.2m $127.5m | Added +188.0k |
| LSV ASSET MANAGEMENT 0.23% of their portfolio | 5.9m $105.1m | Added +415.0k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 4.6m $82.0m | Added +1.1m |
| Carmignac Gestion 1.00% of their portfolio | 4.2m $73.7m | Reduced -2.4m |
| CapitalatWork S.A. 2.19% of their portfolio | 4.0m $71.5m | Reduced -170.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 3.8m $67.3m | Reduced -892.6k |
| Allianz Asset Management GmbH 0.07% of their portfolio | 3.4m $60.8m | Added +610.7k |
| UBS Group AG 0.01% of their portfolio | 3.2m $56.8m | Added +946.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.0m $53.6m | Reduced -544.9k |
| Marathon Asset Management Ltd 2.00% of their portfolio | 2.9m $52.1m | Reduced -172.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 2.8m $49.4m | Added +2.8m |
| TODD ASSET MANAGEMENT LLC 0.95% of their portfolio | 2.8m $48.9m | Added +151.7k |
| MORGAN STANLEY 0.00% of their portfolio | 2.5m $44.1m | Reduced -1.1m |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 2.5m $43.6m | Added +265.0k |
| Legal & General Group Plc 0.01% of their portfolio | 2.4m $43.1m | Reduced -49.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.3m $40.5m | Reduced -131.0k |
| North of South Capital LLP 3.60% of their portfolio | 2.3m $40.0m | Reduced -1.1m |
| FMR LLC 0.00% of their portfolio | 2.3m $39.9m | Reduced -148.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.2m $38.4m | Added +395.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.1m $37.8m | Reduced -116.9k |
| Clark Capital Management Group, Inc. 0.22% of their portfolio | 2.0m $35.7m | Added +1.1m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.9m $33.8m | Reduced -1.9m |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.09% of their portfolio | 1.9m $33.4m | Added +546.7k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.24% of their portfolio | 1.8m $32.5m | Added +104.0k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.7m $30.2m | Added +124.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 1.6m $29.0m | Reduced -200.9k |
| NORGES BANK 0.00% of their portfolio | 1.6m $27.6m | Not comparable |
| Packer & Co Ltd 7.30% of their portfolio | 1.5m $27.4m | New |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 1.5m $27.7m | Added +71.4k |
| RBF Capital, LLC 0.58% of their portfolio | 1.4m $25.6m | Added +722.2k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 1.4m $24.7m | Added +909.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 1.4m $24.4m | Added +79.7k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 1.3m $22.5m | Added +616.3k |
| PRUDENTIAL PLC 0.18% of their portfolio | 1.2m $21.9m | Added +170.9k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 1.2m $20.9m | Reduced -157.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 1.2m $20.4m | Reduced -126.0k |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 1.1m $19.8m | New |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.1m $19.4m | Reduced -2.6m |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.27% of their portfolio | 1.1m $19.3m | Added +12.9k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.04% of their portfolio | 1.1m $19.1m | Added +17.3k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.1m $18.7m | Added +21.3k |
| CITIGROUP INC 0.01% of their portfolio | 1.1m $18.6m | Reduced -23.2k |
| Mitsubishi UFJ Trust & Banking Corp 0.04% of their portfolio | 1.0m $18.3m | Reduced -144.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.0m $17.8m | Reduced -244.8k |
| Man Group plc 0.03% of their portfolio | 1.0m $17.8m | Reduced -381.7k |
| LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio | 961.9k $17.0m | Added +14.9k |
| SG Americas Securities, LLC 0.02% of their portfolio | 933.0k $16.5m | Reduced -164.8k |
| Polymer Capital Management (HK) LTD 2.57% of their portfolio | 932.4k $16.5m | Added +347.3k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.05% of their portfolio | 856.3k $15.1m | Reduced -172.3k |
| STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio | 812.5k $14.4m | Added +26.0k |
| BARCLAYS PLC 0.01% of their portfolio | 760.6k $13.5m | Added +283.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 738.0k $13.3m | Added +73.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 702.2k $12.4m | Reduced -42.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 686.9k $12.2m | Added +196.8k |
| Swiss National Bank 0.01% of their portfolio | 681.2k $12.1m | Reduced -57.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio | 664.3k $11.8m | Reduced -60.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 578.6k $10.2m | Reduced -85.9k |
| Nuveen, LLC 0.00% of their portfolio | 567.6k $10.0m | Reduced -57.1k |
| Hosking Partners LLP 0.34% of their portfolio | 561.2k $9.9m | Reduced -7.3k |
| Susquehanna Portfolio Strategies, LLC 0.15% of their portfolio | 560.6k $9.9m | Added +467.8k |
| California Public Employees Retirement System 0.01% of their portfolio | 539.1k $9.5m | Reduced -47.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 494.7k $8.8m | Reduced -6.3k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 486.0k $8.6m | Reduced -263.0k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 461.3k $8.2m | Added +350.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 442.0k $7.8m | Added +251.1k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.04% of their portfolio | 425.2k $7.5m | Added +49.0k |
| Caisse de depot et placement du Quebec 0.01% of their portfolio | 411.0k $7.3m | Added +27.6k |
| Korea Investment CORP 0.01% of their portfolio | 407.8k $7.2m | Added +46.5k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 407.6k $7.2m | Reduced -24.4k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 402.3k $7.1m | Added +20.5k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 392.9k $7.0m | Added +123.3k |
| DekaBank Deutsche Girozentrale 0.02% of their portfolio | 386.3k $11.8m | Unchanged |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.03% of their portfolio | 378.8k $6.7m | Added +10.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 359.6k $6.4m | Unchanged |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio | 340.5k $6.0m | Reduced -1.4k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.01% of their portfolio | 336.8k $6.0m | First filing |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 334.9k $5.9m | Reduced -35.6k |
| Aberdeen Group plc 0.01% of their portfolio | 327.2k $5.8m | Reduced -34.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 312.3k $5.6m | Added +150.9k |
| Skandinaviska Enskilda Banken AB (publ) 0.02% of their portfolio | 303.3k $5.4m | Added +123.5k |
| BRIGHT VALLEY CAPITAL Ltd 3.55% of their portfolio | 295.8k $5.2m | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 292.2k $5.2m | Added +169.0k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 272.3k $4.8m | Added +113.9k |
| Creative Planning 0.00% of their portfolio | 256.8k $4.5m | Added +52.9k |
| Handelsbanken Fonder AB 0.01% of their portfolio | 245.4k $4.3m | Reduced -25.9k |
| AVIVA PLC 0.01% of their portfolio | 235.1k $4.2m | Reduced -8.9k |
| GF FUND MANAGEMENT CO. LTD. 0.07% of their portfolio | 233.6k $4.1m | Reduced -45.8k |
| Squarepoint Ops LLC 0.01% of their portfolio | 214.6k $3.8m | New |
| XTX Topco Ltd 0.10% of their portfolio | 209.6k $3.7m | Added +180.5k |
| Jump Financial, LLC 0.05% of their portfolio | 209.2k $3.7m | Added +138.4k |
| Vinva Investment Management Ltd 0.05% of their portfolio | 206.0k $3.7m | Added +163.5k |