GDS Holdings Ltd: which funds bought and sold

Institutions that bought and sold GDS Holdings shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 112 institutions that filed 13F reports for both quarters added to or opened positions in GDS Holdings, and 110 cut or closed them. Together they added a net 13.4M shares, +14.7% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 6.2M shares (+17.1%); index fund managers were net buyers of 983K shares (+72.3%). 37 opened a new position and 47 sold out entirely.

Bought, Q2 2026 112 institutions, 37 of them new holders Sold, Q2 2026 110 institutions, 47 of them sold out

Net change, all compared +13.4M shares (+14.7%)

Net change, active managers +6.2M shares (+17.1%), 29 bought, 23 sold

Buyers versus sellers

institutions compared, 239

112 bought 17 110 sold

Active managers and hedge funds 29 bought · 23 sold · +6.2M

Index fund managers 4 bought · 1 sold · +983K

Other institutions 79 bought · 86 sold · +6.2M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Barclays PLC	+3.7M +122.5%	6.7M	$200M
TOMS Capital Investment Management LP Hedge fund	+2.7M New position	2.7M	$81.7M
Clearline Capital LP Hedge fund	+1.7M New position	1.7M	$50M
UBS Group AG	+1.6M +77.3%	3.6M	$108M
Slate Path Capital LP Hedge fund	+1.5M New position	1.5M	$45.1M
Alyeska Investment Group, L.P. Hedge fund	+1.2M +288.6%	1.6M	$46.7M
Carrhae Capital LLP Hedge fund	+1.1M +51.1%	3.3M	$99.1M
Goldman Sachs Group Inc	+1.1M +54.4%	3.2M	$95M
Mirae Asset Global Etfs Holdings Ltd.	+1.1M +73.4%	2.5M	$74.7M
Blackrock, Inc. Index funds	+983K +79.5%	2.2M	$66.7M
Tekne Capital Management, LLC	+925K +18.3%	6.0M	$179M
Baupost Group LLC Hedge fund	+725K +23.8%	3.8M	$113M
Triata Capital Ltd	+617K +56.7%	1.7M	$51.2M
Point72 Asset Management, L.P. Hedge fund	+617K +39.7%	2.2M	$65.2M
Susquehanna International Group, LLP	+523K +1361.5%	562K	$16.9M
Rubric Capital Management LP Hedge fund	+486K New position	486K	$14.6M
Philosophy Capital Management LLC	+436K +74.8%	1.0M	$30.6M
Sona Asset Management (US) LLC Active manager	+343K New position	343K	$10.3M
Broad Peak Investment Advisers Pte Ltd	+318K +71.5%	763K	$22.9M
Dilation Capital Management LP	+315K New position	315K	$9.5M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
TOMS Capital Investment Management LP Hedge fund	+2.7M New position	2.7M	$81.7M
Clearline Capital LP Hedge fund	+1.7M New position	1.7M	$50M
Slate Path Capital LP Hedge fund	+1.5M New position	1.5M	$45.1M
Alyeska Investment Group, L.P. Hedge fund	+1.2M +288.6%	1.6M	$46.7M
Carrhae Capital LLP Hedge fund	+1.1M +51.1%	3.3M	$99.1M
Baupost Group LLC Hedge fund	+725K +23.8%	3.8M	$113M
Point72 Asset Management, L.P. Hedge fund	+617K +39.7%	2.2M	$65.2M
Rubric Capital Management LP Hedge fund	+486K New position	486K	$14.6M
Sona Asset Management (US) LLC Active manager	+343K New position	343K	$10.3M
Brevan Howard Capital Management LP Hedge fund	+296K New position	296K	$8.7M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Bank Of America Corp	−2.0M −90.0%	217K	$6.5M
Marshall Wace, LLP Hedge fund	−1.7M −98.8%	20K	$613,663
Wfm Asia (BVI) Ltd	−1.3M Sold out	0	—
Avala Global LP Hedge fund	−1.2M Sold out	0	—
WCM Investment Management, LLC Active manager	−623K −35.9%	1.1M	$32.6M
BNP Paribas Asset Management Holding S.A.	−539K −80.4%	132K	$3.9M
HSBC Holdings PLC	−504K −41.3%	717K	$21.6M
Balyasny Asset Management L.P. Hedge fund	−481K −87.3%	70K	$2.1M
BAMCO Inc Active manager	−352K −7.7%	4.2M	$127M
Citigroup Inc	−343K −39.2%	531K	$16M
D. E. Shaw & Co., Inc. Hedge fund	−340K −17.3%	1.6M	$48.8M
Citadel Advisors LLC Hedge fund	−304K −54.1%	257K	$7.7M
Manufacturers Life Insurance Company, The	−298K Sold out	0	—
Farallon Capital Management, L.L.C. Hedge fund	−292K Sold out	0	—
Selkirk Management LLC	−287K Sold out	0	—
Nishkama Capital, LLC	−232K −46.6%	266K	$8M
Jain Global LLC Hedge fund	−203K Sold out	0	—
Burkehill Global Management, LP Hedge fund	−200K −28.6%	500K	$15M
Jpmorgan Chase & Co	−187K −36.8%	321K	$9.4M
Lighthouse Investment Partners, LLC Hedge fund	−164K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Marshall Wace, LLP Hedge fund	−1.7M −98.8%	20K	$613,663
Avala Global LP Hedge fund	−1.2M Sold out	0	—
WCM Investment Management, LLC Active manager	−623K −35.9%	1.1M	$32.6M
Balyasny Asset Management L.P. Hedge fund	−481K −87.3%	70K	$2.1M
BAMCO Inc Active manager	−352K −7.7%	4.2M	$127M
D. E. Shaw & Co., Inc. Hedge fund	−340K −17.3%	1.6M	$48.8M
Citadel Advisors LLC Hedge fund	−304K −54.1%	257K	$7.7M
Farallon Capital Management, L.L.C. Hedge fund	−292K Sold out	0	—
Jain Global LLC Hedge fund	−203K Sold out	0	—
Burkehill Global Management, LP Hedge fund	−200K −28.6%	500K	$15M

New positions

largest by value

Institution	Shares	Value June 30, 2026
TOMS Capital Investment Management LPHedge fund	2.7M	$81.7M
Clearline Capital LPHedge fund	1.7M	$50M
Slate Path Capital LPHedge fund	1.5M	$45.1M
Rubric Capital Management LPHedge fund	486K	$14.6M
Sona Asset Management (US) LLCActive manager	343K	$10.3M
Dilation Capital Management LP	315K	$9.5M
Brevan Howard Capital Management LPHedge fund	296K	$8.7M
Irenic Capital Management LPHedge fund	283K	$8.5M
Bluecrest Capital Management LtdHedge fund	250K	$7.5M
Arvin Capital Management LP	234K	$7M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Wfm Asia (BVI) Ltd	1.3M	$51.3M
Avala Global LPHedge fund	1.2M	$49.6M
Manufacturers Life Insurance Company, The	298K	$12M
Farallon Capital Management, L.L.C.Hedge fund	292K	$11.8M
Selkirk Management LLC	287K	$11.6M
Jain Global LLCHedge fund	203K	$8.2M
Lighthouse Investment Partners, LLCHedge fund	164K	$6.6M
Wt Asset Management Ltd	150K	$6M
Hidden Lake Asset Management LP	142K	$5.7M
Longaeva Partners L.P.	136K	$5.5M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 196
Ten largest holders: 53.6%
Index fund managers: 2.2%
Active managers and hedge funds: 40.3%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	29	23	14	8	+6.2M	+17.1%
Index fund managers	4	1	0	0	+983K	+72.3%
Other institutions	79	86	23	39	+6.2M	+11.6%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on GDS Holdings.

Only managers that filed a holdings report for both quarters are compared (239 here). 7 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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