Vipshop Holdings Ltd. - ADRVIPS

13F holders, Q4 2024 (December 31)
277holders +10
29new positions
27sold out
6famous investors
$13.46avg. 13F price*

At the end of Q4 2024, 277 institutions reported holding Vipshop Holdings Ltd. - ADR (VIPS) in their 13F filings, up 10 from Q3 2024. 29 opened new positions and 27 sold out. The largest holders were BlackRock, Inc. ($243.9M), HHLR Advisors, LTD. ($200.4M) and Krane Funds Advisors LLC ($197.9M). 6 famous investors held it, including Jeremy Grantham (0.0% of GMO's portfolio), Ray Dalio (0.0% of Bridgewater Associates's portfolio) and David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio).

Company
Vipshop Holdings Ltd. - ADR
CUSIP
92763W103
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300400 Q1 2024: 328Q1 2024Q2 2024: 291Q2 2024Q3 2024: 267Q3 2024Q4 2024: 277Q4 2024Q1 2025: 304Q1 2025Q2 2025: 277Q2 2025Q3 2025: 278Q3 2025Q4 2025: 313Q4 2025Q1 2026: 278Q1 2026Q2 2026: 286Q2 2026

Total Exit/New Position Q3 2024 → Q4 2024

InstitutionsTotal Value
New Positions29$105.4M
Exits27$61.7M

All 13F filers, Q3 2024 → Q4 2024: 23,002,995 shares bought and 23,912,012 shares sold, net −909,017 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 277 holders

BlackRock, Inc. 0.01% Reduce -3.7% 18,104,262 $243.9M
HHLR Advisors, LTD. 6.94% Reduce -5.3% 14,880,002 $200.4M
Krane Funds Advisors LLC 8.10% Reduce -1.5% 14,690,790 $197.9M
Acadian Asset Management LLC 0.56% Reduce -10.6% 14,277,111 $192.3M
Vanguard Group Inc. 0.00% Add +0.6% 13,961,402 $188.1M
FIL Ltd 0.16% Reduce -14.6% 12,818,332 $172.7M
Robeco Institutional Asset Management B.V. 0.28% Add +1.3% 11,107,555 $149.6M
Carmignac Gestion 2.13% Reduce -1.0% 9,935,058 $133.8M
First Beijing Investment Ltd 9.41% Add +28.8% 9,837,776 $132.5M
Dimensional Fund Advisors LP 0.03% Add +14.1% 8,063,150 $108.6M
Invesco Ltd. 0.02% Add +28.4% 7,759,150 $104.5M
State Street Corp. 0.00% Reduce -4.6% 6,994,172 $94.2M
Allspring Global Investments Holdings, LLC 0.14% Reduce -0.5% 6,454,407 $84.4M
Orbis Allan Gray Ltd 0.43% Add +5.0% 5,924,835 $79.8M
Arrowstreet Capital, Limited Partnership 0.06% Reduce -20.0% 5,769,238 $77.7M
LSV Asset Management 0.15% Reduce -2.6% 4,896,713 $66.0M
Norges Bank 0.01% Add +62.5% 4,759,828 $64.1M
Polaris Capital Management, LLC 3.04% New 4,684,100 $63.1M
Massachusetts Financial Services Co. 0.02% Reduce -9.8% 4,354,998 $58.7M
Marathon Asset Management Ltd 1.63% Reduce -1.1% 4,343,904 $58.5M
CapitalatWork S.A. 1.80% Add +0.9% 4,102,800 $55.3M
HSBC Holdings PLC 0.03% Add +9.2% 4,039,362 $54.4M
Goldman Sachs Group Inc. 0.01% Reduce -5.6% 3,804,529 $51.2M
North of South Capital LLP 6.21% Reduce -5.3% 3,797,852 $51.2M
Geode Capital Management, LLC 0.00% Add +9.7% 3,571,808 $47.9M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% Reduce -11.6% 3,523,945 $47.5M
Allianz Asset Management GmbH 0.07% Reduce -0.2% 3,348,400 $45.1M
Morgan Stanley 0.00% Add +6.1% 3,326,143 $44.8M
Prudential PLC 0.20% Add +0.3% 2,907,212 $39.2M
Legal & General Group Plc 0.01% Reduce -5.2% 2,898,689 $39.0M
JPMorgan Chase & Co. 0.00% Add +53.8% 2,597,664 $35.0M
Northern Trust Corp. 0.00% Add +91.2% 2,591,643 $34.9M
Todd Asset Management LLC 0.68% Add +19.0% 2,110,710 $28.4M
Charles Schwab Investment Management Inc. 0.01% Add +16.4% 2,035,334 $27.4M
Bank of America Corp. 0.00% Add +1.9% 2,028,220 $27.3M
E Fund Management Co., Ltd. 1.26% Reduce -12.5% 1,863,897 $25.1M
Nordea Investment Management AB 0.03% Reduce -1.8% 1,805,495 $24.0M
FMR LLC 0.00% Reduce -16.6% 1,726,785 $23.3M
Voloridge Investment Management, LLC 0.08% Reduce -15.3% 1,600,324 $21.6M
Sei Investments Co. 0.03% Reduce -0.8% 1,596,039 $21.5M
BNP Paribas Financial Markets 0.02% Add +16.6% 1,562,628 $21.0M
KEYWISE CAPITAL MANAGEMENT (HK) Ltd 1.69% No change 1,513,600 $20.4M
American Century Companies Inc. 0.01% Add +5.9% 1,478,944 $19.9M
Lazard Asset Management LLC 0.03% Add +3.3% 1,392,497 $18.8M
Teachers Retirement System of the State of Kentucky 0.16% Add +23.0% 1,374,840 $18.5M
UBS Group AG 0.00% Add +91.3% 1,267,593 $17.1M
Russell Investments Group, Ltd. 0.02% Add +11.9% 1,196,919 $16.0M
Citigroup Inc. 0.02% Reduce -11.0% 1,177,002 $15.9M
Millennium Management 0.01% New 1,160,411 $15.6M
Connor, Clark & Lunn Investment Management Ltd. 0.07% Add +31.9% 1,119,045 $15.1M
D. E. Shaw & Co. 0.02% Add +75.1% 1,022,461 $13.8M
New York State Common Retirement Fund 0.02% Add +9.2% 1,012,134 $13.6M
Deutsche Bank AG 0.01% Reduce -29.4% 972,620 $13.1M
Public Employees Retirement System of Ohio 0.04% Reduce -0.3% 946,777 $12.8M
Mitsubishi UFJ Trust & Banking Corp 0.03% Reduce -2.2% 934,955 $12.6M
CANADA LIFE ASSURANCE Co 0.02% Add +16.7% 914,058 $12.3M
Nissay Asset Management Corp. /Japan 0.07% Add +0.6% 878,046 $11.7M
Sumitomo Mitsui Trust Group, Inc. 0.01% Reduce -1.9% 826,643 $11.1M
RBF Capital, LLC 0.57% No change 816,866 $11.0M
Swiss National Bank 0.01% Reduce -8.3% 773,836 $10.4M
Swedbank AB 0.01% Reduce -24.8% 759,227 $10.2M
GMO 0.03% Reduce -17.1% 753,737 $10.2M
Alberta Investment Management Corp 0.07% Reduce -17.8% 732,376 $9.9M
Aberdeen Group plc 0.02% Add +4.4% 723,339 $9.6M
Barclays PLC 0.00% Reduce -39.6% 672,189 $9.1M
California Public Employees Retirement System 0.01% Reduce -5.4% 669,428 $9.0M
Nuveen Asset Management, LLC 0.00% Reduce -54.4% 607,956 $8.2M
Citadel Advisors 0.01% New 606,631 $8.2M
Hosking Partners LLP 0.32% Reduce -7.8% 599,111 $8.1M
Ameriprise Financial Inc. 0.00% Add +23.5% 585,654 $7.9M
Bank of New York Mellon Corp 0.00% Reduce -15.9% 538,729 $7.3M
AQR Capital Management 0.01% Reduce -0.1% 537,554 $7.2M
GF Fund Management Co. LTD. 0.15% — 526,661 $7.1M
Qube Research & Technologies Ltd 0.01% Add +1823.8% 513,717 $6.9M
Maxi Investments CY Ltd 1.26% No change 485,650 $6.5M
Storebrand Asset Management As 0.02% Reduce -13.1% 481,138 $6.5M
Janus Henderson Group PLC 0.00% Add +16.5% 468,731 $6.3M
Wellington Management Group LLP 0.00% Add +378.0% 465,352 $6.3M
Commonwealth of Pennsylvania Public School Empls Retrmt SYS 0.04% Add +5.6% 432,552 $5.8M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% Reduce -0.1% 396,402 $5.3M
Bridgewater Associates 0.02% Reduce -6.8% 391,597 $5.3M
DekaBank Deutsche Girozentrale 0.01% No change 386,332 $5.1M
Nan Fung Trinity (hk) Ltd. 1.03% New 373,100 $5.0M
Pictet Asset Management Holding SA 0.01% Reduce -18.5% 371,500 $5.0M
Franklin Resources Inc. 0.00% Reduce -3.6% 369,038 $5.0M
O'shaughnessy Asset Management, LLC 0.04% Reduce -12.5% 366,735 $4.9M
Royal London Asset Management Ltd. 0.01% Reduce -42.3% 323,200 $4.4M
Macquarie Group Ltd. 0.01% Reduce -20.2% 317,498 $4.3M
Causeway Capital Management LLC 0.09% Reduce -84.1% 301,815 $4.1M
Mitsubishi UFJ Asset Management Co., Ltd. 0.00% No change 292,796 $3.9M
Korea Investment CORP 0.01% Reduce -24.6% 278,972 $3.8M
Polymer Capital Management (HK) LTD 0.63% Add +2302.1% 267,300 $3.6M
Aviva PLC 0.01% Add +1.0% 261,100 $3.5M
STRS Ohio 0.01% Add +0.7% 260,516 $3.5M
Handelsbanken Fonder AB 0.01% Add +6.0% 234,148 $3.2M
California State Teachers Retirement System 0.00% Reduce -9.1% 218,917 $2.9M
BRIGHT VALLEY CAPITAL Ltd 1.88% Reduce -90.5% 210,000 $2.8M
Penserra Capital Management LLC 0.05% Add +20.4% 209,341 $2.8M
Two Sigma Investments, LP 0.01% Add +290.8% 203,600 $2.7M
Ativo Capital Management LLC 2.71% Reduce -0.0% 202,678 $2.7M
Marshall Wace, LLP 0.00% New 201,301 $2.7M
Comgest Global Investors S.A.S. 0.04% Reduce -12.4% 200,644 $2.7M
E Fund Management (Hong Kong) Co., Ltd. 2.14% Reduce -27.4% 199,070 $2.7M
Jane Street Group, LLC 0.00% Add +60.5% 192,082 $2.6M
US Bancorp \de 0.00% Reduce -4.3% 163,436 $2.2M
Lester Murray Antman dba SimplyRich 0.58% Add +1.0% 151,159 $2.0M
National Philanthropic Trust 0.03% New 149,975 $2.0M
KLP Kapitalforvaltning As 0.01% — 148,500 $2.0M
Two Sigma Advisers, LP 0.00% Add +36.8% 148,200 $2.0M
Lighthouse Investment Partners, LLC 0.08% New 147,752 $2.0M
SIH Partners, LLLP 0.13% Reduce -20.0% 140,200 $1.9M
Ritholtz Wealth Management 0.05% Add +27.2% 136,360 $1.8M
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% Reduce -6.2% 135,862 $1.8M
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% Reduce -8.4% 133,000 $1.8M
Walleye Capital LLC 0.02% Reduce -19.4% 132,651 $1.8M
Lingohr Asset Management GmbH 3.65% Add +126.2% 132,472 $1.8M
Harvest Fund Management Co., Ltd 0.08% Reduce -56.4% 129,943 $1.7M
Lansforsakringar Fondforvaltning AB (publ) 0.01% — 125,886 $1.7M
Creative Planning 0.00% Add +14.9% 122,943 $1.7M
Capital Fund Management S.A. 0.02% Reduce -20.4% 122,618 $1.7M
Danske Bank A/S 0.00% Add +19.7% 120,348 $1.6M
Catalyst Funds Management Pty Ltd 0.39% New 117,052 $1.6M
PEAK6 LLC 0.06% — 114,592 $1.5M
Public Sector Pension Investment Board 0.01% Reduce -9.9% 108,749 $1.5M
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% Reduce -74.5% 107,825 $1.5M
Dodge & Cox 0.00% No change 101,997 $1.4M
National Pension Service 0.00% Reduce -7.7% 98,887 $1.3M
Caas Capital Management LP 1.10% New 98,536 $1.3M
Leonteq Securities AG 0.12% Reduce -5.6% 92,021 $1.2M
KBC Group NV 0.00% Reduce -84.9% 86,879 $1.2M
Police & Firemen's Retirement System of New Jersey 0.01% — 85,789 $1.2M
Diversified Trust Co. 0.03% Add +0.4% 85,301 $1.1M
Resona Asset Management Co.,Ltd. 0.01% Reduce -17.2% 77,521 $1.0M
B. Metzler seel. Sohn & Co. AG 0.01% Add +29.5% 77,133 $1.0M
Segall Bryant & Hamill, LLC 0.01% Reduce -21.0% 75,800 $1.0M
Manufacturers Life Insurance Company, The 0.00% Reduce -1.4% 75,376 $1.0M
Engineers Gate Manager LP 0.02% New 74,896 $1.0M
Simplex Trading, LLC 0.03% Reduce -53.7% 69,680 $938K
Skandinaviska Enskilda Banken AB (publ) 0.00% Add +12.2% 70,114 $931K
Rhumbline Advisers 0.00% Reduce -1.3% 65,622 $884K
Credit Agricole S A 0.00% No change 63,518 $856K
Quantbot Technologies LP 0.03% Reduce -30.8% 59,409 $800K
Cerity Partners LLC 0.00% Add +60.0% 56,906 $769K
AXA S.A. 0.00% Reduce -34.5% 55,916 $753K
Loomis Sayles & Co. L P 0.00% Reduce -20.6% 55,887 $753K
Mirae Asset Global Investments Co., Ltd. 0.00% Reduce -57.7% 55,619 $747K
Asset Management One Co., Ltd. 0.00% Add +9.2% 53,442 $712K
Prudential Financial Inc. 0.00% Reduce -18.6% 50,585 $705K
Summit Global Investments 0.04% Add +10.2% 52,227 $703K
Van Eck Associates Corp. 0.00% Reduce -5.0% 51,662 $696K
Maple-Brown Abbott Ltd 0.08% Reduce -27.1% 48,195 $649K
Tidal Investments LLC 0.01% Add +22.1% 46,543 $627K
Pinebridge Investments, L.P. 0.00% Reduce -13.6% 45,940 $619K
Nomura Asset Management Co. Ltd. 0.00% Add +3.5% 44,100 $594K
APG Asset Management N.V. 0.00% No change 44,787 $583K
Ensign Peak Advisors, Inc 0.00% No change 42,350 $570K
Envestnet Asset Management Inc. 0.00% Reduce -49.4% 41,384 $557K
Susquehanna International Group, LLP 0.00% Add +3.0% 40,905 $551K
Vise Technologies, Inc. 0.04% Add +60.5% 40,006 $539K
Ping Capital Management, Inc. 0.22% New 40,000 $539K
DGS Capital Management, LLC 0.13% Reduce -13.7% 39,906 $538K
Victory Capital Management Inc. 0.00% Reduce -46.6% 39,036 $526K
Voya Investment Management LLC 0.00% Reduce -2.1% 36,299 $489K
OMERS ADMINISTRATION Corp 0.00% Reduce -50.0% 34,850 $469K
Van Berkom & Associates Inc. 0.01% No change 34,246 $461K
Vident Advisory, LLC 0.01% Add +67.8% 32,426 $437K
Centiva Capital, LP 0.02% New 30,767 $414K
Gulf International Bank (UK) Ltd 0.01% No change 29,890 $402K
E. Ohman J:or Asset Management AB 0.01% No change 29,300 $395K
Shell Asset Management Co. 0.02% Add +1.5% 29,240 $394K
Group One Trading LLC 0.01% New 28,767 $387K
Laird Norton Wetherby Wealth Management, LLC 0.02% Reduce -3.5% 28,515 $384K
Fifth Third Bancorp 0.00% Reduce -17.4% 28,205 $380K
Eschler Asset Management LLP 0.87% No change 27,409 $369K
DNB Asset Management AS 0.00% No change 27,037 $364K
Profund Advisors LLC 0.01% Add +42.9% 26,996 $364K
AustralianSuper Pty Ltd 0.00% No change 26,760 $360K
First Trust Advisors LP 0.00% Add +85.5% 26,523 $357K
Raiffeisen Bank International AG 0.01% — 26,495 $351K
Daiwa Securities Group Inc. 0.00% Add +5.7% 25,900 $349K
LPL Financial LLC 0.00% Add +114.9% 24,164 $325K
Advisors Asset Management, Inc. 0.01% Reduce -6.7% 23,878 $322K
Vinva Investment Management Ltd 0.01% Add +23.0% 23,952 $318K
QRG Capital Management, Inc. 0.00% Add +2.3% 23,583 $318K
Quantinno Capital Management LP 0.00% Add +38.9% 21,956 $296K
Ethic Inc. 0.01% Reduce -41.1% 21,217 $286K
Vanguard Personalized Indexing Management, LLC 0.00% Add +21.9% 21,051 $284K
Intech Investment Management LLC 0.00% Reduce -74.5% 20,829 $281K
Schonfeld Strategic Advisors LLC 0.00% New 20,600 $277K
Financial Counselors Inc. 0.00% Add +17.8% 20,507 $276K
Caprock Group, LLC 0.01% Reduce -33.4% 20,339 $274K
Neuberger Berman Group LLC 0.00% Reduce -0.2% 20,065 $270K
Caxton Associates LP 0.01% Reduce -65.1% 19,729 $266K
Elevation Point Wealth Partners, LLC 0.02% Add +23.9% 19,573 $264K
Mariner, LLC 0.00% Reduce -21.1% 18,351 $247K
Metis Global Partners, LLC 0.01% Add +53.9% 17,277 $233K
Signaturefd, LLC 0.00% Add +3.3% 17,248 $232K
Campbell & CO Investment Adviser LLC 0.02% New 17,119 $231K
IMC-Chicago, LLC 0.01% Reduce -83.7% 16,807 $226K
IFM Investors Pty Ltd 0.00% Reduce -27.5% 16,370 $221K
Panagora Asset Management Inc. 0.00% Reduce -97.2% 16,007 $216K
Sumitomo Mitsui DS Asset Management Company, Ltd 0.00% No change 15,698 $211K
Virtus Fund Advisers, LLC 0.66% No change 15,684 $211K
Y-Intercept (Hong Kong) Ltd 0.01% New 15,569 $210K
Baader Bank Aktiengesellschaft 0.02% Reduce -50.0% 15,000 $202K
SG Americas Securities, LLC 0.00% Reduce -62.3% 14,746 $199K
Strategic Global Advisors, LLC 0.04% No change 14,749 $199K
Mercer Global Advisors Inc. 0.00% Add +4.5% 14,516 $196K
Quadrant Capital Group LLC 0.01% Reduce -9.1% 14,476 $195K
Yousif Capital Management, LLC 0.00% No change 14,307 $193K
Assenagon Asset Management S.A. 0.00% Reduce -37.0% 14,153 $191K
Wilmington Savings Fund Society, FSB 0.00% New 13,017 $175K
D'Orazio & Associates, Inc. 0.02% Reduce -0.7% 12,519 $169K
Vontobel Holding Ltd. 0.00% New 12,286 $165K
Compound Planning, Inc. 0.01% Add +10.8% 12,241 $165K
Barometer Capital Management Inc. 0.06% New 12,000 $162K
Edmond DE Rothschild Holding S.A. 0.00% No change 12,000 $162K
Jump Financial, LLC 0.00% New 11,948 $161K
T. Rowe Price Associates Inc. 0.00% No change 11,800 $159K
Kathmere Capital Management, LLC 0.01% Reduce -29.1% 11,272 $152K
Royal Bank of Canada 0.00% Add +14.9% 11,006 $148K
Squarepoint Ops LLC 0.00% New 10,073 $136K
National Bank of Canada 0.00% Reduce -97.7% 9,029 $122K
Parallel Advisors, LLC 0.00% Add +2.9% 6,217 $84K
Federation des caisses Desjardins du Quebec 0.00% Add +18.5% 5,842 $79K
iA Global Asset Management Inc. 0.00% Add +1.5% 5,738 $77K
Northwestern Mutual Wealth Management Co. 0.00% Add +34.0% 5,493 $74K
Assetmark, Inc. 0.00% Reduce -43.6% 5,311 $72K
Corebridge Financial, Inc. 0.00% Reduce -15.2% 3,912 $53K
PNC Financial Services Group, Inc. 0.00% Reduce -2.2% 3,866 $52K
Venturi Wealth Management, LLC 0.00% Add +4.5% 3,722 $50K
Wells Fargo & Company 0.00% Reduce -8.5% 3,177 $43K
Osaic Holdings, Inc. 0.00% Reduce -35.7% 3,124 $42K
Huntington National Bank 0.00% Add +11.1% 2,937 $40K
Atlas Capital Advisors Inc. 0.00% No change 2,521 $34K
Cwm, LLC 0.00% Add +6.7% 2,487 $33K
Tower Research Capital LLC (TRC) 0.00% Reduce -94.1% 2,032 $27K
TD Private Client Wealth LLC 0.00% Reduce -42.5% 1,535 $21K
Global Retirement Partners, LLC 0.00% Add +282.0% 1,505 $20K
Lindbrook Capital, LLC 0.00% Add +11.5% 1,452 $20K
WealthCollab, LLC 0.01% Reduce -12.9% 1,371 $18K
Principal Securities, Inc. 0.00% Reduce -22.5% 1,367 $18K
HM Payson & Co. 0.00% No change 1,309 $18K
Steward Partners Investment Advisory, LLC 0.00% No change 1,000 $13K
CIBC Private Wealth Group LLC 0.00% Reduce -11.8% 1,000 $13K
Pinnacle Bancorp, Inc. 0.00% No change 974 $13K
Blue Trust, Inc. 0.00% Reduce -89.7% 875 $12K
EverSource Wealth Advisors, LLC 0.00% Reduce -19.8% 776 $10K
Byrne Asset Management LLC 0.01% Add +43.8% 755 $10K
Capital A Wealth Management, LLC 0.01% — 670 $9K
SBI Securities Co., Ltd. 0.00% — 550 $7K
Farther Finance Advisors, LLC 0.00% Add +38.2% 546 $7K
Murphy & Mullick Capital Management Corp 0.01% — 500 $7K
Allworth Financial LP 0.00% No change 341 $5K
JFS Wealth Advisors, LLC 0.00% No change 327 $4K
Nisa Investment Advisors, LLC 0.00% New 300 $4K
Avior Wealth Management, LLC 0.00% Reduce -79.4% 218 $3K
WPG Advisers, LLC 0.00% — 200 $3K
Private Trust Co. NA 0.00% Add +529.6% 170 $2K
Brooklyn Investment Group 0.00% New 146 $2K
Valued Wealth Advisors LLC 0.00% New 135 $2K
Park Place Capital Corp 0.00% No change 113 $2K
Smartleaf Asset Management LLC 0.00% Reduce -69.3% 111 $1K
MAI Capital Management 0.00% New 107 $1K
Physician Wealth Advisors, Inc. 0.00% New 102 $1K
Measured Risk Portfolios, Inc. 0.00% — 100 $1K
State of Wyoming 0.00% Reduce -39.0% 83 $1K
Jones Financial Companies LLLP 0.00% No change 75 $1K
Transamerica Financial Advisors, LLC 0.00% No change 19 $1K
Sierra Ocean, LLC 0.00% — 72 $970
IFP Advisors, Inc 0.00% New 66 $889
First Horizon Advisors, Inc. 0.00% Reduce -65.7% 46 $618
Bell Investment Advisors, Inc 0.00% New 36 $485
Harbour Investments, Inc. 0.00% New 36 $485
SWAN Capital LLC 0.00% No change 30 $404
Raffa Wealth Management, LLC 0.00% No change 19 $256
Abound Wealth Management 0.00% Reduce -14.3% 12 $162

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