GDS Holdings Ltd. - ADRGDS
13F holders, Q1 2025 (March 31)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
Total Exit/New Position Q4 2024 → Q1 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 41 | $175.5M |
| Exits | 21 | $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.