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GDS Holdings Ltd

GDS
Exchange
Nasdaq
Industry
Services-Computer Programming, Data Processing, Etc.
SEC CIK
0001526125

No open-market purchases or sales by GDS Holdings Ltd insiders were filed in the last 90 days; 197 institutions reported holding it in 13F filings for Q2 2026, worth $3.15B in total; Baupost Group is the only superinvestor holding it.

Other share classesGDHLF

13F holders, Q2 2025

Institutional positions in GDS Holdings Ltd as of Jun 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
161
+9 vs. Q1 2025
Shares held
81.0M
+5.59M (+7.4%) vs. Q1 2025
Total value
$2.47B
+$565.1M (+29.6%) vs. Q1 2025
New holders
42
54 more added
Sold out
33
47 more reduced

2 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting GDS on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2025: 161 institutions
Q1 2021: 278 institutionsQ2 2021: 267 institutionsQ3 2021: 235 institutionsQ4 2021: 228 institutionsQ1 2022: 208 institutionsQ2 2022: 172 institutionsQ3 2022: 136 institutionsQ4 2022: 147 institutionsQ1 2023: 136 institutionsQ2 2023: 120 institutionsQ3 2023: 103 institutionsQ4 2023: 107 institutionsQ1 2024: 107 institutionsQ2 2024: 109 institutionsQ3 2024: 139 institutionsQ4 2024: 137 institutionsQ1 2025: 154 institutionsQ2 2025: 161 institutionsQ3 2025: 204 institutionsQ4 2025: 180 institutionsQ1 2026: 206 institutionsQ2 2026: 197 institutions
Value heldQ2 2025: $2.47B
Q1 2021: $8.44BQ2 2021: $8.31BQ3 2021: $5.78BQ4 2021: $4.82BQ1 2022: $3.50BQ2 2022: $2.66BQ3 2022: $1.22BQ4 2022: $1.49BQ1 2023: $1.33BQ2 2023: $708.1MQ3 2023: $690.6MQ4 2023: $606.8MQ1 2024: $510.5MQ2 2024: $773.8MQ3 2024: $1.64BQ4 2024: $1.98BQ1 2025: $1.91BQ2 2025: $2.47BQ3 2025: $3.01BQ4 2025: $2.70BQ1 2026: $3.67BQ2 2026: $3.15B
Institutions holding GDS and their total value by quarter
QuarterHoldersValue
Q2 2026197$3.15B
Q1 2026206$3.67B
Q4 2025180$2.70B
Q3 2025204$3.01B
Q2 2025161$2.47B
Q1 2025154$1.91B
Q4 2024137$1.98B
Q3 2024139$1.64B
Q2 2024109$773.8M
Q1 2024107$510.5M
Q4 2023107$606.8M
Q3 2023103$690.6M
Q2 2023120$708.1M
Q1 2023136$1.33B
Q4 2022147$1.49B
Q3 2022136$1.22B
Q2 2022172$2.66B
Q1 2022208$3.50B
Q4 2021228$4.82B
Q3 2021235$5.78B
Q2 2021267$8.31B
Q1 2021278$8.44B

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding GDS Holdings Ltd; share changes are against Q1 2025.

Institutions holding GDS in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Singapore Technologies Telemedia Pte Ltd15,835,680$484.1M100.00%00.0%Unchanged
Canada Pension Plan Investment Board7,004,083$214.1M0.18%+3,062,658+77.7%Added
Sachem Head Capital Management LP6,879,485$210.3M6.57%+2,664,485+63.2%Added
Tekne Capital Management, LLC6,263,467$191.5M66.63%+403,256+6.9%Added
12 West Capital Management LP4,864,476$148.7M15.73%00.0%Unchanged
Aspex Management (HK) Ltd4,406,949$134.7M2.93%+1,397,073+46.4%Added
Baupost Group LLCSuperinvestorBaupost Group3,249,952$99.4M2.41%−1,000,000−23.5%Reduced
Bamco Inc3,153,908$96.4M0.26%+86,503+2.8%Added
Goldman Sachs Group Inc2,795,254$85.5M0.01%+123,346+4.6%Added
Morgan Stanley2,730,393$83.5M0.01%+95,936+3.6%Added
Triata Capital Ltd1,777,614$54.3M10.61%+1,481,595+500.5%Added
Massachusetts Financial Services Co1,204,006$36.8M0.01%+26,503+2.3%Added
Alyeska Investment Group, L.P.1,167,813$35.7M0.13%+1,030,560+750.8%Added
UBS Group AG979,192$29.9M0.01%−1,067,231−52.2%Reduced
Cerity Partners LLC967,486$29.6M0.05%−11,400−1.2%Reduced
American Century Companies Inc830,885$25.4M0.01%−92,085−10.0%Reduced
Jane Street Group, LLC805,630$24.6M0.04%+545,702+209.9%Added
Light Street Capital Management, LLC714,582$21.8M4.46%+714,582New
Burkehill Global Management, LP700,000$21.4M1.58%+700,000New
Pacer Advisors, Inc.699,479$21.4M0.05%+174,372+33.2%Added
Millennium Management LLC611,511$18.7M0.02%+101,626+19.9%Added
Mirae Asset Global ETFs Holdings Ltd.601,547$18.4M0.04%+64,913+12.1%Added
Norges Bank600,000$18.3M0.00%+600,000New
Ghisallo Capital Management LLC600,000$18.3M0.49%+600,000New
Citigroup Inc547,773$16.7M0.01%+254,217+86.6%Added
Standard Life Aberdeen plc537,175$16.4M0.03%+147,028+37.7%Added
MY.Alpha Management HK Advisors Ltd466,900$14.3M10.59%+466,900New
BNP PARIBAS ASSET MANAGEMENT Holding S.A.438,459$13.2M0.03%−249−0.1%Reduced
Balyasny Asset Management LLC424,255$13.0M0.03%−5,845−1.4%Reduced
Carrhae Capital LLP416,903$12.7M1.22%+416,903New
Ameriprise Financial Inc380,179$11.6M0.00%−72,390−16.0%Reduced
Nuveen, LLC377,400$11.5M0.00%+27,700+7.9%Added
National Bank of Canada369,600$11.3M0.01%+369,600New
APG Asset Management N.V.421,577$11.0M0.03%00.0%Unchanged
Waterfront Capital Partners, LLC358,221$11.0M2.72%+283,221+377.6%Added
Eschler Asset Management LLP355,200$10.9M8.26%+355,200New
FMR LLC314,654$9.62M0.00%−422,148−57.3%Reduced
Royal Bank of Canada310,833$9.50M0.00%−68,456−18.0%Reduced
BNP Paribas Arbitrage, SA306,651$9.37M0.01%−55,214−15.3%Reduced
BlackRock, Inc.305,781$9.35M0.00%−28,377−8.5%Reduced
Monolith Management Ltd301,872$9.23M3.26%+113,735+60.5%Added
Selkirk Management LLC287,000$8.77M2.59%00.0%Unchanged
Pinnacle Associates Ltd260,807$7.97M0.12%−1,980−0.8%Reduced
LMR Partners LLP247,803$7.58M0.12%+180,028+265.6%Added
Voloridge Investment Management, LLC232,736$7.11M0.03%−213,681−47.9%Reduced
Bank of America Corp230,573$7.05M0.00%+60,332+35.4%Added
Centerbridge Partners, L.P.204,971$6.27M1.45%00.0%Unchanged
Susquehanna International Group, LLP189,414$5.79M0.01%+189,414New
Hidden Lake Asset Management LP176,690$5.40M2.65%+92,600+110.1%Added
Dimensional Fund Advisors LP173,999$5.32M0.00%+23,948+16.0%Added
Fred Alger Management, LLC168,436$5.15M0.02%+168,436New
Saba Capital Management, L.P.167,174$5.11M0.14%+13,000+8.4%Added
Polymer Capital Management (HK) LTD147,552$4.51M0.71%+117,552+391.8%Added
Lighthouse Investment Partners, LLC125,000$3.82M0.17%+125,000New
SIH Partners, LLLP121,088$3.70M0.35%+121,088New
Raymond James Financial Inc98,640$3.02M0.00%+6,498+7.1%Added
Deutsche Bank AG94,960$2.90M0.00%+18,160+23.6%Added
Geode Capital Management, LLC87,352$2.67M0.00%−4,836−5.2%Reduced
HSBC Holdings PLC84,464$2.60M0.00%−96,689−53.4%Reduced
Walleye Capital LLC78,537$2.40M0.02%+37,190+89.9%Added
Y-Intercept (Hong Kong) Ltd78,373$2.40M0.06%+78,373New
Invesco Ltd.77,230$2.36M0.00%−13,048−14.5%Reduced
Anson Funds Management LP75,000$2.29M0.42%+24,200+47.6%Added
Electron Capital Partners, LLC69,444$2.12M0.11%−157−0.2%Reduced
Marshall Wace, LLP69,269$2.12M0.00%−1,059,590−93.9%Reduced
Maplelane Capital, LLC65,000$1.99M0.12%+65,000New
Barclays PLC56,558$1.73M0.00%+52,525+1,302.4%Added
Taikang Asset Management (Hong Kong) Co Ltd55,000$1.68M0.22%+55,000New
Driehaus Capital Management LLC54,004$1.65M0.01%−1,544,803−96.6%Reduced
Barometer Capital Management Inc.52,600$1.61M0.44%+12,000+29.6%Added
Creative Planning50,184$1.53M0.00%−28,252−36.0%Reduced
Centiva Capital, LP49,100$1.50M0.10%+20,191+69.8%Added
Concentric Capital Strategies, LP46,984$1.44M0.08%+46,984New
Headlands Technologies LLC46,386$1.42M0.17%+31,810+218.2%Added
CastleKnight Management LP44,200$1.35M0.09%+16,800+61.3%Added
Future Fund LLC43,596$1.33M0.59%+43,596New
Dymon Asia Capital (Singapore) Pte. Ltd.40,000$1.22M0.87%−16,700−29.5%Reduced
Caption Management, LLC40,000$1.22M0.11%+40,000New
State of New Jersey Common Pension Fund D36,694$1.12M0.00%+3,746+11.4%Added
Schonfeld Strategic Advisors LLC36,103$1.10M0.01%+36,103New
Group One Trading, L.P.29,066$888.5K0.03%+12,599+76.5%Added
Boothbay Fund Management, LLC27,673$846.0K0.03%+27,673New
Mariner, LLC26,936$823.4K0.00%−389−1.4%Reduced
One Capital Management, LLC26,364$805.9K0.03%+26,364New
Bayforest Capital Ltd25,648$784.1K0.34%+1,029+4.2%Added
Hood River Capital Management LLC25,297$773.3K0.01%+25,297New
Amiral Gestion25,000$764.3K0.33%+7,000+38.9%Added
Wells Fargo & Company23,915$731.1K0.00%+1,273+5.6%Added
Northern Trust Corp21,854$668.1K0.00%−40,676−65.1%Reduced
Verition Fund Management LLC20,021$612.0K0.00%+10,807+117.3%Added
Capula Management Ltd20,000$611.4K0.01%+20,000New
D. E. Shaw & Co., Inc.18,375$561.7K0.00%−766,436−97.7%Reduced
Macroview Investment Management LLC15,460$472.6K0.39%−3,090−16.7%Reduced
Wetherby Asset Management Inc15,151$463.2K0.02%+15,151New
Farther Finance Advisors, LLC14,759$451.2K0.01%+14,528+6,289.2%Added
Vident Advisory, LLC14,482$442.7K0.00%−11,541−44.3%Reduced
LPL Financial LLC14,425$441.0K0.00%+5,452+60.8%Added
JustInvest LLC14,112$431.4K0.00%+1,641+13.2%Added
XTX Topco Ltd13,676$418.1K0.02%−25,474−65.1%Reduced
Itau Unibanco Holding S.A.13,438$410.8K0.02%+1,526+12.8%Added