undamentalytics Newsletter

Noah Holdings LTD: which funds bought and sold

Institutions that bought and sold Noah 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, 34 institutions that filed 13F reports for both quarters added to or opened positions in Noah Holdings, and 44 cut or closed them. Together they sold a net 816K shares, −3.2% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 75K shares (+0.7%); index fund managers were net sellers of 16K shares (−1.0%). 14 opened a new position and 12 sold out entirely.

Bought, Q2 2026 34 institutions, 14 of them new holders Sold, Q2 2026 44 institutions, 12 of them sold out
Net change, all compared −816K shares (−3.2%)
Net change, active managers +75K shares (+0.7%), 9 bought, 5 sold

Buyers versus sellers

institutions compared, 100
Active managers and hedge funds 9 bought · 5 sold · +75K
Index fund managers 3 bought · 1 sold · −16K
Other institutions 22 bought · 38 sold · −874K

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Citadel Advisors LLC Hedge fund +57K +186.0% 88K $876,123
Franklin Resources Inc Active manager +51K +2.6% 2.0M $20.2M
Gsa Capital Partners LLP +49K New position 49K $493,000
Fil Ltd Active manager +42K +0.6% 6.7M $67.3M
Marshall Wace, LLP Hedge fund +36K New position 36K $355,815
Qube Research & Technologies Ltd Hedge fund +34K New position 34K $343,756
Trexquant Investment LP Hedge fund +21K +54.4% 60K $595,114
Two Sigma Investments, LP Hedge fund +19K New position 19K $190,779
Ramsey Quantitative Systems +11K New position 11K $104,895
Northern Trust Corp Index funds +9,825 +15.4% 73K $734,216
Jpmorgan Chase & Co +9,530 New position 9,530 $95,871
State Street Corp Index funds +8,948 +2.9% 322K $3.2M
Renaissance Technologies LLC Hedge fund +8,755 +9.2% 104K $1M
BNP Paribas Financial Markets +7,832 +29.0% 35K $347,872
HSBC Holdings PLC +6,770 +33.8% 27K $269,135
Police & Firemen'S Retirement System Of New Jersey +5,900 +13.7% 49K $489,510
Creative Planning +4,047 +39.6% 14K $142,437
SG Americas Securities, LLC +3,503 +30.0% 15K $152,000
American Century Companies Inc Active manager +3,408 +2.2% 161K $1.6M
Geode Capital Management, LLC Index funds +2,638 +6.6% 43K $428,271

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
UBS Group AG −524K −74.4% 180K $1.8M
Acadian Asset Management LLC Active manager −114K −15.3% 633K $6.3M
First Beijing Investment Ltd −97K −71.6% 39K $385,564
Dimensional Fund Advisors LP −86K −18.3% 383K $3.8M
Davis Selected Advisers Active manager −57K −5.6% 964K $9.6M
Blackrock, Inc. Index funds −38K −3.0% 1.2M $12M
Landscape Capital Management, L.L.C. −29K Sold out 0 —
Morgan Stanley −27K −28.0% 69K $690,883
Abacus Wealth Partners, LLC −23K Sold out 0 —
Susquehanna International Group, LLP −19K −24.3% 60K $601,468
Connor, Clark & Lunn Investment Management Ltd. −18K −18.5% 79K $792,007
Wells Fargo & Company −17K −100.0% 1 $7
Millennium Management LLC Hedge fund −17K Sold out 0 —
New York State Common Retirement Fund −13K −41.1% 19K $186,433
Axq Capital, LP −13K Sold out 0 —
Russell Investments Group, Ltd. −13K −46.0% 15K $151,000
Bank Of America Corp −12K −16.3% 63K $633,466
Kestra Private Wealth Services, LLC −10K Sold out 0 —
Envestnet Asset Management Inc −10K Sold out 0 —
Imc-Chicago, LLC −10K Sold out 0 —

New positions

largest by value
InstitutionSharesValue June 30, 2026
Gsa Capital Partners LLP 49K $493,000
Marshall Wace, LLPHedge fund 36K $355,815
Qube Research & Technologies LtdHedge fund 34K $343,756
Two Sigma Investments, LPHedge fund 19K $190,779
Ramsey Quantitative Systems 11K $104,895
Jpmorgan Chase & Co 9,530 $95,871
Parvin Asset Management, LLC 2,350 $42,653
Public Employees Retirement Association Of Colorado 2,600 $26,000
Ameritas Advisory Services, LLC 522 $5,215
Rockefeller Capital Management L.P. 169 $1,688

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Landscape Capital Management, L.L.C. 29K $288,734
Abacus Wealth Partners, LLC 23K $224,205
Millennium Management LLCHedge fund 17K $167,112
Axq Capital, LP 13K $128,245
Kestra Private Wealth Services, LLC 10K $103,257
Envestnet Asset Management Inc 10K $101,492
Imc-Chicago, LLC 10K $99,614
Quadrant Capital Group LLC 3,683 $36,462
Advisory Services Network, LLC 1,000 $9,900
Simplex Trading, LLC 875 $8,662

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
88
Ten largest holders
89.1%
of 13F-reported shares
Index fund managers
6.7%
of 13F-reported shares
Active managers and hedge funds
44.2%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 9 5 3 1 +75K +0.7%
Index fund managers 3 1 0 0 −16K −1.0%
Other institutions 22 38 11 11 −874K −6.7%

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.

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