NetEase
NTES
460 hedge funds and large institutions have $7.69B invested in NetEase in 2025 Q4 according to their latest regulatory filings, with 85 funds opening new positions, 154 increasing their positions, 144 reducing their positions, and 61 closing their positions.
39% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 61
27% more call options, than puts
Call options by funds: $90.5M | Put options by funds: $71M
4% more funds holding
Funds holding: 442 → 460 (+18)
7% more repeat investments, than reductions
Existing positions increased: 154 | Existing positions reduced: 144
0.51% less ownership
Funds ownership: 9.33% → 8.82% (-0.51%)
14% less capital invested
Capital invested by funds: $8.98B → $7.69B (-$1.29B)
38% less funds holding in top 10
Funds holding in top 10: 13 → 8 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$115M |
| 2 |
Millennium Management
New York
|
+$33.5M |
| 3 |
Morgan Stanley
New York
|
+$25.7M |
| 4 |
JP Morgan Chase
New York
|
+$24.8M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$17.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
HHLR Advisors
Grand Cayman,
Cayman Islands
|
-$120M |
| 2 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$109M |
| 3 |
CCM
Causeway Capital Management
Los Angeles,
California
|
-$97M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$91.6M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$83.8M |
NTES Hedge Fund Activity: Q4 2025 in Review
460 of the 8,189 institutional investors tracked by Wall St. Rank reported a position in NetEase (NTES) for Q4 2025, worth a combined $7.69B — down 14% from $8.98B a quarter earlier.
Buyers outnumbered sellers: 85 funds opened new NTES positions and 61 closed out — a net gain of 24 holders — while 154 added to existing stakes and 144 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $115M. The largest seller was HHLR Advisors, exiting entirely with an estimated $120M sold.
- 460 institutional investors held NetEase (NTES) as of Q4 2025, up from 442 in Q3 2025.
- Funds reported $7.69B of NetEase stock for Q4 2025, down 14% quarter-over-quarter.
- 85 funds opened new NetEase positions in Q4 2025 and 61 closed out, a net change of +24 holders.
- The largest NetEase buyer in Q4 2025 was Fidelity Investments, an estimated $115M added.
- The largest NetEase seller in Q4 2025 was HHLR Advisors, an estimated $120M sold.
Based on aggregated 13F filings for Q4 2025.