NetEase
NTES
400 hedge funds and large institutions have $6.68B invested in NetEase in 2023 Q4 according to their latest regulatory filings, with 90 funds opening new positions, 135 increasing their positions, 113 reducing their positions, and 43 closing their positions.
109% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 43
21% more funds holding in top 10
Funds holding in top 10: 14 → 17 (+3)
19% more repeat investments, than reductions
Existing positions increased: 135 | Existing positions reduced: 113
12% more funds holding
Funds holding: 357 → 400 (+43)
0.12% less ownership
Funds ownership: 2.31% → 2.19% (-0.12%)
4% less call options, than puts
Call options by funds: $250M | Put options by funds: $262M
5% less capital invested
Capital invested by funds: $7.07B → $6.68B (-$388M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
Tairen Capital
Hong Kong
|
+$187M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$140M |
| 3 |
Man Group
London,
United Kingdom
|
+$139M |
| 4 |
Morgan Stanley
New York
|
+$126M |
| 5 |
Millennium Management
New York
|
+$99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$689M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$314M |
| 3 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$310M |
| 4 |
Nuveen
Charlotte,
North Carolina
|
-$147M |
| 5 |
Dodge & Cox
San Francisco,
California
|
-$101M |
NTES Hedge Fund Activity: Q4 2023 in Review
400 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in NetEase (NTES) for Q4 2023, worth a combined $6.68B — down 5.5% from $7.07B a quarter earlier.
Buyers outnumbered sellers: 90 funds opened new NTES positions and 43 closed out — a net gain of 47 holders — while 135 added to existing stakes and 113 trimmed.
The largest buyer was Tairen Capital, opening a new position worth an estimated $187M. The largest seller was Canada Life, cutting an estimated $689M.
- 400 institutional investors held NetEase (NTES) as of Q4 2023, up from 357 in Q3 2023.
- Funds reported $6.68B of NetEase stock for Q4 2023, down 5.5% quarter-over-quarter.
- 90 funds opened new NetEase positions in Q4 2023 and 43 closed out, a net change of +47 holders.
- The largest NetEase buyer in Q4 2023 was Tairen Capital, an estimated $187M added.
- The largest NetEase seller in Q4 2023 was Canada Life, an estimated $689M sold.
Based on aggregated 13F filings for Q4 2023.