The9 Ltd
NCTY
11 hedge funds and large institutions have $1.54M invested in The9 Ltd in 2025 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 0 increasing their positions, 4 reducing their positions, and 5 closing their positions.
0.84% less ownership
Funds ownership: 1.86% → 1.02% (-0.84%)
15% less funds holding
Funds holding: 13 → 11 (-2)
25% less capital invested
Capital invested by funds: $2.06M → $1.54M (-$520K)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$502K |
| 2 |
HF
HRT Financial
New York
|
+$153K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.45K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$398K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$291K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$255K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$252K |
| 5 |
Morgan Stanley
New York
|
-$251K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Jane Street
New York
| $578K | +$502K | +54,377 | New |
|
|
2
Morgan Stanley
New York
| $271K | -$251K | -27,124 | -52% |
|
3
UBS Group
Zurich,
Switzerland
| $245K | -$126K | -13,604 | -37% |
|
|
HF
4
HRT Financial
New York
| $176K | +$153K | +16,564 | New |
|
|
5
Citadel Advisors
Miami,
Florida
| $132K | -$291K | -31,500 | -72% |
|
|
IAA
6
Independent Advisor Alliance
Charlotte,
North Carolina
| $125K | – | – | – |
|
|
7
Royal Bank of Canada
Toronto,
Ontario, Canada
| $5K | +$4.45K | +481 | New |
|
8
Osaic Holdings
Scottsdale,
Arizona
| $2.84K | – | – | – |
|
9
RhumbLine Advisers
Boston,
Massachusetts
| $1.61K | -$1.28K | -139 | -48% |
|
10
Group One Trading
Chicago,
Illinois
| $542 | – | – | – |
|
11
JP Morgan Chase
New York
| $446 | – | – | – |
|
|
12
BlackRock
New York
| – | -$398K | -51,211 | Closed |
|
|
13
Invesco
Atlanta,
Georgia
| – | -$255K | -32,811 | Closed |
|
|
14
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$252K | -32,367 | Closed |
|
15
Citigroup
New York
| – | -$18.6K | -2,393 | Closed |
|
|
RI
16
Ridgewood Investments
Springfield,
New Jersey
| – | -$389 | -50 | Closed |
|
NCTY Hedge Fund Activity: Q3 2025 in Review
11 of the 7,629 institutional investors tracked by Wall St. Rank reported a position in The9 Ltd (NCTY) for Q3 2025, worth a combined $1.54M — down 25% from $2.06M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NCTY and 3 opened new positions — a net loss of 2 holders — while 4 trimmed existing stakes and 0 added.
The largest buyer was Jane Street, opening a new position worth an estimated $502K. The largest seller was BlackRock, exiting entirely with an estimated $398K sold.
- 11 institutional investors held The9 Ltd (NCTY) as of Q3 2025, down from 13 in Q2 2025.
- Funds reported $1.54M of The9 Ltd stock for Q3 2025, down 25% quarter-over-quarter.
- 3 funds opened new The9 Ltd positions in Q3 2025 and 5 closed out, a net change of -2 holders.
- The largest The9 Ltd buyer in Q3 2025 was Jane Street, an estimated $502K added.
- The largest The9 Ltd seller in Q3 2025 was BlackRock, an estimated $398K sold.
Based on aggregated 13F filings for Q3 2025.