Bilibili
BILI
162 hedge funds and large institutions have $763M invested in Bilibili in 2025 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 57 increasing their positions, 49 reducing their positions, and 27 closing their positions.
22% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 27
16% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 49
1% more funds holding
Funds holding: 160 → 162 (+2)
8% more call options, than puts
Call options by funds: $256M | Put options by funds: $238M
0.66% less ownership
Funds ownership: 9.93% → 9.27% (-0.66%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
17% less capital invested
Capital invested by funds: $925M → $763M (-$162M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$67.5M |
| 2 |
SP
SIH Partners
Wilmington,
Delaware
|
+$21.1M |
| 3 |
MAMHA
MY.Alpha Management HK Advisors
Hong Kong
|
+$18.2M |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$13.6M |
| 5 |
Goldman Sachs
New York
|
+$9.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$53.5M |
| 2 |
Man Group
London,
United Kingdom
|
-$29.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$26.8M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$24.8M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$19M |
BILI Hedge Fund Activity: Q4 2025 in Review
162 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Bilibili (BILI) for Q4 2025, worth a combined $763M — down 17% from $925M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new BILI positions and 27 closed out — a net gain of 6 holders — while 57 added to existing stakes and 49 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $67.5M. The largest seller was Susquehanna International Group, cutting an estimated $53.5M.
- 162 institutional investors held Bilibili (BILI) as of Q4 2025, up from 160 in Q3 2025.
- Funds reported $763M of Bilibili stock for Q4 2025, down 17% quarter-over-quarter.
- 33 funds opened new Bilibili positions in Q4 2025 and 27 closed out, a net change of +6 holders.
- The largest Bilibili buyer in Q4 2025 was Morgan Stanley, an estimated $67.5M added.
- The largest Bilibili seller in Q4 2025 was Susquehanna International Group, an estimated $53.5M sold.
Based on aggregated 13F filings for Q4 2025.