GDS Holdings Ltd. - ADRGDS

13F holders, Q1 2025 (March 31)
155holders +18
41new positions
21sold out
6famous investors
$25.32avg. 13F price*

At the end of Q1 2025, 155 institutions reported holding GDS Holdings Ltd. - ADR (GDS) in their 13F filings, up 18 from Q4 2024. 41 opened new positions and 21 sold out. The largest holders were Singapore Technologies Telemedia Pte Ltd ($401.1M), Tekne Capital Management, LLC ($148.4M) and 12 West Capital Management LP ($123.2M). 6 famous investors held it, including Seth Klarman (3.1% of Baupost Group's portfolio), Ron Baron (0.2% of Baron Capital (BAMCO)'s portfolio) and Steve Cohen (0.0% of Point72 Asset Management's portfolio).

Company
GDS Holdings Ltd. - ADR
Filed as
GDS HLDGS LTD (Q1 2025)
CUSIP
36165L108
Latest filing quarter
Q2 2026

History

Number of 13F holders

050100150200250 Q1 2024: 106Q1 2024Q2 2024: 109Q2 2024Q3 2024: 139Q3 2024Q4 2024: 137Q4 2024Q1 2025: 155Q1 2025Q2 2025: 161Q2 2025Q3 2025: 204Q3 2025Q4 2025: 180Q4 2025Q1 2026: 206Q1 2026Q2 2026: 197Q2 2026

Total Exit/New Position Q4 2024 → Q1 2025

InstitutionsTotal Value
New Positions41$175.5M
Exits21$87.5M

All 13F filers, Q4 2024 → Q1 2025: 11,824,768 shares bought and 19,477,002 shares sold, net −7,652,234 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 155 holders

Singapore Technologies Telemedia Pte Ltd 100.00% No change 15,835,680 $401.1M
Tekne Capital Management, LLC 56.59% Reduce -5.4% 5,860,211 $148.4M
12 West Capital Management LP 18.18% Reduce -13.3% 4,864,476 $123.2M
Baupost Group 3.09% No change 4,249,952 $107.7M
Sachem Head Capital Management LP 4.28% New 4,215,000 $106.8M
Canada Pension Plan Investment Board 0.10% No change 3,941,425 $99.8M
Baron Capital (BAMCO) 0.23% Reduce -54.0% 3,067,405 $77.7M
Aspex Management (HK) Ltd 1.97% Reduce -38.9% 3,009,876 $76.2M
Goldman Sachs Group Inc. 0.01% Reduce -14.8% 2,671,908 $67.7M
Morgan Stanley 0.00% Add +63.8% 2,634,457 $66.7M
UBS Group AG 0.01% Add +47.3% 2,046,423 $51.8M
Driehaus Capital Management LLC 0.39% Reduce -13.4% 1,598,807 $40.5M
Indus Capital Partners, LLC 32.10% Reduce -23.1% 1,342,258 $34.0M
Massachusetts Financial Services Co. 0.01% Add +0.9% 1,177,503 $29.8M
Marshall Wace, LLP 0.04% Add +9.7% 1,128,859 $28.6M
Cerity Partners LLC 0.05% Reduce -19.2% 978,886 $24.8M
American Century Companies Inc. 0.01% Reduce -60.3% 922,970 $23.4M
D. E. Shaw & Co. 0.03% Reduce -50.2% 784,811 $19.9M
FMR LLC 0.00% Add +18419950.0% 736,802 $18.7M
Lord, Abbett & Co. LLC 0.07% Add +921.3% 704,673 $17.9M
Two Sigma Investments, LP 0.04% Reduce -0.6% 656,925 $16.6M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% Reduce -18.5% 536,634 $13.6M
Pacer Advisors, Inc. 0.03% Reduce -41.6% 525,107 $13.3M
Millennium Management 0.01% Reduce -43.6% 509,885 $12.9M
Point72 Asset Management 0.04% Add +392.3% 494,976 $12.5M
Ameriprise Financial Inc. 0.00% New 452,569 $11.5M
Voloridge Investment Management, LLC 0.04% Reduce -14.3% 446,417 $11.3M
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% Reduce -5.4% 438,708 $11.1M
Balyasny Asset Management L.P. 0.03% New 430,100 $10.9M
Renaissance Technologies 0.02% New 409,385 $10.4M
APG Asset Management N.V. 0.03% No change 421,577 $9.9M
Aberdeen Group plc 0.02% Add +39.4% 390,147 $9.7M
Royal Bank of Canada 0.00% Add +30.7% 379,289 $9.6M
BNP Paribas Financial Markets 0.01% Add +67.8% 361,865 $9.2M
Nuveen, LLC 0.00% — 349,700 $8.9M
Healthcare of Ontario Pension Plan Trust Fund 0.02% Reduce -12.6% 347,800 $8.8M
BlackRock, Inc. 0.00% Reduce -37.3% 334,158 $8.5M
Swedbank AB 0.01% Reduce -10.5% 301,974 $7.6M
Triata Capital Ltd 1.70% Reduce -83.0% 296,019 $7.5M
Citigroup Inc. 0.01% Add +805.0% 293,556 $7.4M
Selkirk Management LLC 2.79% No change 287,000 $7.3M
Pinnacle Associates Ltd. 0.10% Add +18.6% 262,787 $6.7M
Jane Street Group, LLC 0.01% Add +623.7% 259,928 $6.6M
Qube Research & Technologies Ltd 0.01% New 257,934 $6.5M
JPMorgan Chase & Co. 0.00% Reduce -29.8% 255,715 $6.5M
Two Sigma Advisers, LP 0.01% Add +520.5% 239,852 $6.1M
Woodline Partners LP 0.04% Add +7.0% 219,745 $5.6M
HRT Financial LP 0.03% New 209,778 $5.3M
Centerbridge Partners, L.P. 1.07% No change 204,971 $5.2M
Monolith Management Ltd 3.20% Reduce -31.2% 188,137 $4.8M
HSBC Holdings PLC 0.00% Reduce -25.4% 181,153 $4.5M
Bank of America Corp. 0.00% Reduce -61.8% 170,241 $4.3M
Saba Capital Management, L.P. 0.11% Reduce -3.2% 154,174 $3.9M
Dimensional Fund Advisors LP 0.00% Reduce -8.2% 150,051 $3.8M
Alyeska Investment Group, L.P. 0.01% Add +6.3% 137,253 $3.5M
Global IMC LLC 0.78% New 112,742 $2.9M
Alberta Investment Management Corp 0.02% Reduce -50.1% 103,722 $2.6M
XY Capital Ltd 1.70% New 102,008 $2.6M
Geode Capital Management, LLC 0.00% Reduce -4.9% 92,188 $2.3M
Raymond James Financial Inc. 0.00% Reduce -7.7% 92,142 $2.3M
Invesco Ltd. 0.00% Add +2.1% 90,278 $2.3M
Hidden Lake Asset Management LP 2.10% Reduce -68.1% 84,090 $2.1M
Creative Planning 0.00% Add +166.1% 78,436 $2.0M
Deutsche Bank AG 0.00% Reduce -68.3% 76,800 $1.9M
Waterfront Capital Partners, LLC 0.33% Reduce -92.3% 75,000 $1.9M
Electron Capital Partners, LLC 0.13% New 69,601 $1.8M
LMR Partners LLP 0.05% New 67,775 $1.7M
Mirae Asset Global Investments Co., Ltd. 0.01% Add +1678.2% 65,900 $1.7M
Northern Trust Corp. 0.00% Add +185.4% 62,530 $1.6M
Manufacturers Life Insurance Company, The 0.00% New 61,800 $1.6M
Perpetual Ltd 0.02% New 60,307 $1.5M
Bank of Montreal 0.00% Add +234.6% 60,217 $1.5M
Dymon Asia Capital (singapore) Pte. LTD. 1.14% New 56,700 $1.4M
Anson Funds Management LP 0.31% New 50,800 $1.3M
Walleye Capital LLC 0.01% Reduce -83.4% 41,347 $1.0M
Barometer Capital Management Inc. 0.38% Add +36.2% 40,600 $1.0M
XTX Topco Ltd 0.05% New 39,150 $992K
Yong Rong (HK) Asset Management Ltd 0.21% New 35,000 $887K
Scientech Research LLC 0.23% New 33,636 $852K
Infini Capital Management Ltd 0.86% New 33,600 $851K
State of New Jersey Common Pension Fund D 0.00% Reduce -59.6% 32,948 $835K
Point72 Hong Kong Ltd 0.06% Reduce -89.0% 31,715 $803K
Prelude Capital Management, LLC 0.08% Add +24.5% 31,003 $785K
Polymer Capital Management (HK) LTD 0.13% Reduce -60.1% 30,000 $760K
Centiva Capital, LP 0.04% New 28,909 $732K
Oberweis Asset Management Inc./ 0.03% New 27,500 $697K
CastleKnight Management LP 0.08% Reduce -64.7% 27,400 $694K
Mariner, LLC 0.00% Add +9.3% 27,325 $692K
Sumitomo Mitsui Trust Group, Inc. 0.00% Reduce -2.6% 26,362 $668K
Vident Advisory, LLC 0.01% Add +6.7% 26,023 $659K
Bayforest Capital Ltd 0.27% New 24,619 $624K
Wells Fargo & Company 0.00% Add +497.7% 22,642 $574K
Central Asset Investments & Management Holdings (HK) Ltd 1.05% New 21,000 $532K
SG Americas Securities, LLC 0.00% New 20,638 $523K
Macroview Investment Management LLC 0.44% No change 18,550 $470K
Amiral Gestion 0.25% Add +28.6% 18,000 $456K
Group One Trading LLC 0.02% Reduce -89.0% 16,467 $417K
NewEdge Wealth, LLC 0.01% Reduce -4.3% 15,500 $393K
APEIRON CAPITAL Ltd 0.18% New 15,100 $382K
Headlands Technologies LLC 0.04% Reduce -52.5% 14,576 $369K
Robeco Institutional Asset Management B.V. 0.00% No change 14,260 $361K
Tidal Investments LLC 0.00% Reduce -59.3% 13,441 $340K
KEYWISE CAPITAL MANAGEMENT (HK) Ltd 0.04% Reduce -29.0% 13,200 $334K
Agf Management Ltd. 0.00% New 12,507 $317K
Siren, L.L.C. 0.02% New 12,500 $317K
Vanguard Personalized Indexing Management, LLC 0.00% Add +9.7% 12,471 $316K
Itau Unibanco Holding S.A. 0.01% New 11,912 $302K
Dark Forest Capital Management LP 0.01% New 11,842 $300K
Engineers Gate Manager LP 0.00% New 11,390 $289K
Legal & General Group Plc 0.00% Reduce -3.6% 11,111 $281K
Northwest & Ethical Investments L.P. 0.01% New 11,054 $280K
Gsa Capital Partners LLP 0.02% Reduce -1.2% 10,608 $269K
Quadrant Capital Group LLC 0.01% Reduce -18.1% 10,431 $264K
Verition Fund Management LLC 0.00% No change 9,214 $233K
LPL Financial LLC 0.00% Reduce -31.3% 8,973 $227K
Signaturefd, LLC 0.00% Reduce -5.6% 7,715 $195K
Harvest Fund Management Co., Ltd 0.01% New 6,962 $176K
Parallel Advisors, LLC 0.00% Reduce -1.9% 6,745 $171K
Caitong International Asset Management Co., Ltd 0.09% New 4,920 $125K
Pension & Wealth Management Advisors, Inc. 0.04% Reduce -46.0% 4,661 $118K
Barclays PLC 0.00% Reduce -86.0% 4,033 $102K
Loomis Sayles & Co. L P 0.00% New 3,393 $86K
US Bancorp \de 0.00% No change 2,672 $68K
Lindbrook Capital, LLC 0.01% Reduce -11.3% 2,640 $67K
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% Reduce -98.6% 2,200 $56K
PNC Financial Services Group, Inc. 0.00% Reduce -32.5% 2,143 $54K
Storebrand Asset Management As 0.00% Reduce -55.2% 1,641 $42K
EverSource Wealth Advisors, LLC 0.00% Add +7.5% 1,275 $32K
Summit Securities Group LLC 0.02% New 1,029 $26K
NewEdge Advisors, LLC 0.00% New 1,000 $25K
Federation des caisses Desjardins du Quebec 0.00% No change 1,000 $25K
Brooklyn Investment Group 0.01% Add +2390.0% 996 $25K
Advisors Asset Management, Inc. 0.00% New 973 $25K
Raiffeisen Bank International AG 0.00% No change 883 $22K
Northwestern Mutual Wealth Management Co. 0.00% Add +112.8% 862 $22K
Pinpoint Asset Management Ltd 0.00% New 96 $20K
SVB Wealth LLC 0.00% New 783 $20K
Macquarie Group Ltd. 0.00% Reduce -97.0% 755 $19K
Jones Financial Companies LLLP 0.00% Reduce -1.4% 640 $16K
Lazard Asset Management LLC 0.00% Add +20.3% 504 $12K
Blue Trust, Inc. 0.00% No change 467 $12K
Coldstream Capital Management Inc. 0.00% New 318 $8K
Farther Finance Advisors, LLC 0.00% Add +48.1% 231 $6K
Tower Research Capital LLC (TRC) 0.00% New 224 $6K
Cwm, LLC 0.00% Reduce -51.5% 216 $5K
Rhumbline Advisers 0.00% Reduce -25.6% 171 $4K
CIBC Private Wealth Group LLC 0.00% No change 207 $4K
Osaic Holdings, Inc. 0.00% Reduce -78.0% 103 $3K
Larson Financial Group LLC 0.00% No change 100 $3K
Allworth Financial LP 0.00% Add +48.9% 70 $2K
Principal Securities, Inc. 0.00% No change 23 $546
SBI Securities Co., Ltd. 0.00% Add +100.0% 2 $51
Huntington National Bank 0.00% No change 1 $25
Hantz Financial Services, Inc. 0.00% New 9 $0
FNY Investment Advisers, LLC 0.00% Reduce -100.0% 1 $0

"% of holder's portfolio" is GDS's weight in each manager's 13F, not the share of GDS Holdings Ltd. - ADR the manager owns.