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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
Y-Intercept (Hong Kong) Ltd78,373$2.40M0.06%+78,373New
Walleye Capital LLC78,537$2.40M0.02%+37,190+89.9%Added
HSBC Holdings PLC84,464$2.60M0.00%−96,689−53.4%Reduced
Geode Capital Management, LLC87,352$2.67M0.00%−4,836−5.2%Reduced
Deutsche Bank AG94,960$2.90M0.00%+18,160+23.6%Added
Raymond James Financial Inc98,640$3.02M0.00%+6,498+7.1%Added
SIH Partners, LLLP121,088$3.70M0.35%+121,088New
Lighthouse Investment Partners, LLC125,000$3.82M0.17%+125,000New
Polymer Capital Management (HK) LTD147,552$4.51M0.71%+117,552+391.8%Added
Saba Capital Management, L.P.167,174$5.11M0.14%+13,000+8.4%Added
Fred Alger Management, LLC168,436$5.15M0.02%+168,436New
Dimensional Fund Advisors LP173,999$5.32M0.00%+23,948+16.0%Added
Hidden Lake Asset Management LP176,690$5.40M2.65%+92,600+110.1%Added
Susquehanna International Group, LLP189,414$5.79M0.01%+189,414New
Centerbridge Partners, L.P.204,971$6.27M1.45%00.0%Unchanged
Bank of America Corp230,573$7.05M0.00%+60,332+35.4%Added
Voloridge Investment Management, LLC232,736$7.11M0.03%−213,681−47.9%Reduced
LMR Partners LLP247,803$7.58M0.12%+180,028+265.6%Added
Pinnacle Associates Ltd260,807$7.97M0.12%−1,980−0.8%Reduced
Selkirk Management LLC287,000$8.77M2.59%00.0%Unchanged
Monolith Management Ltd301,872$9.23M3.26%+113,735+60.5%Added
BlackRock, Inc.305,781$9.35M0.00%−28,377−8.5%Reduced
BNP Paribas Arbitrage, SA306,651$9.37M0.01%−55,214−15.3%Reduced
Royal Bank of Canada310,833$9.50M0.00%−68,456−18.0%Reduced
FMR LLC314,654$9.62M0.00%−422,148−57.3%Reduced
Eschler Asset Management LLP355,200$10.9M8.26%+355,200New
Waterfront Capital Partners, LLC358,221$11.0M2.72%+283,221+377.6%Added
APG Asset Management N.V.421,577$11.0M0.03%00.0%Unchanged
National Bank of Canada369,600$11.3M0.01%+369,600New
Nuveen, LLC377,400$11.5M0.00%+27,700+7.9%Added
Ameriprise Financial Inc380,179$11.6M0.00%−72,390−16.0%Reduced
Carrhae Capital LLP416,903$12.7M1.22%+416,903New
Balyasny Asset Management LLC424,255$13.0M0.03%−5,845−1.4%Reduced
BNP PARIBAS ASSET MANAGEMENT Holding S.A.438,459$13.2M0.03%−249−0.1%Reduced
MY.Alpha Management HK Advisors Ltd466,900$14.3M10.59%+466,900New
Standard Life Aberdeen plc537,175$16.4M0.03%+147,028+37.7%Added
Citigroup Inc547,773$16.7M0.01%+254,217+86.6%Added
Norges Bank600,000$18.3M0.00%+600,000New
Ghisallo Capital Management LLC600,000$18.3M0.49%+600,000New
Mirae Asset Global ETFs Holdings Ltd.601,547$18.4M0.04%+64,913+12.1%Added
Millennium Management LLC611,511$18.7M0.02%+101,626+19.9%Added
Pacer Advisors, Inc.699,479$21.4M0.05%+174,372+33.2%Added
Burkehill Global Management, LP700,000$21.4M1.58%+700,000New
Light Street Capital Management, LLC714,582$21.8M4.46%+714,582New
Jane Street Group, LLC805,630$24.6M0.04%+545,702+209.9%Added
American Century Companies Inc830,885$25.4M0.01%−92,085−10.0%Reduced
Cerity Partners LLC967,486$29.6M0.05%−11,400−1.2%Reduced
UBS Group AG979,192$29.9M0.01%−1,067,231−52.2%Reduced
Alyeska Investment Group, L.P.1,167,813$35.7M0.13%+1,030,560+750.8%Added
Massachusetts Financial Services Co1,204,006$36.8M0.01%+26,503+2.3%Added
Triata Capital Ltd1,777,614$54.3M10.61%+1,481,595+500.5%Added
Morgan Stanley2,730,393$83.5M0.01%+95,936+3.6%Added
Goldman Sachs Group Inc2,795,254$85.5M0.01%+123,346+4.6%Added
Bamco Inc3,153,908$96.4M0.26%+86,503+2.8%Added
Baupost Group LLCSuperinvestorBaupost Group3,249,952$99.4M2.41%−1,000,000−23.5%Reduced
Aspex Management (HK) Ltd4,406,949$134.7M2.93%+1,397,073+46.4%Added
12 West Capital Management LP4,864,476$148.7M15.73%00.0%Unchanged
Tekne Capital Management, LLC6,263,467$191.5M66.63%+403,256+6.9%Added
Sachem Head Capital Management LP6,879,485$210.3M6.57%+2,664,485+63.2%Added
Canada Pension Plan Investment Board7,004,083$214.1M0.18%+3,062,658+77.7%Added
Singapore Technologies Telemedia Pte Ltd15,835,680$484.1M100.00%00.0%Unchanged
Indus Capital Partners, LLC0$00.00%−1,342,258−100.0%Sold out
Lord, Abbett & Co. LLC0$00.00%−704,673−100.0%Sold out
Two Sigma Investments, LP0$00.00%−656,925−100.0%Sold out
Point72 Asset Management, L.P.0$00.00%−494,976−100.0%Sold out
Renaissance Technologies LLC0$00.00%−409,385−100.0%Sold out
Healthcare of Ontario Pension Plan Trust Fund0$00.00%−347,800−100.0%Sold out
Qube Research & Technologies Ltd0$00.00%−257,934−100.0%Sold out
Two Sigma Advisers, LP0$00.00%−239,852−100.0%Sold out
Woodline Partners LP0$00.00%−219,745−100.0%Sold out
HRT Financial LP0$00.00%−209,778−100.0%Sold out
EAM Global Investors LLC0$00.00%−112,742−100.0%Sold out
Alberta Investment Management Corp0$00.00%−103,722−100.0%Sold out
Manufacturers Life Insurance Company, The0$00.00%−61,800−100.0%Sold out
Perpetual Ltd0$00.00%−60,307−100.0%Sold out
Bank of Montreal0$00.00%−60,217−100.0%Sold out
Yong Rong (HK) Asset Management Ltd0$00.00%−35,000−100.0%Sold out
Point72 Hong Kong Ltd0$00.00%−31,715−100.0%Sold out
Oberweis Asset Management Inc0$00.00%−27,500−100.0%Sold out
Sumitomo Mitsui Trust Holdings, Inc.0$00.00%−26,362−100.0%Sold out
Central Asset Investments & Management Holdings (HK) Ltd0$00.00%−21,000−100.0%Sold out
NewEdge Wealth, LLC0$00.00%−15,500−100.0%Sold out
Apeiron Capital Ltd0$00.00%−15,100−100.0%Sold out
Robeco Institutional Asset Management B.V.0$00.00%−14,260−100.0%Sold out
Toroso Investments, LLC0$00.00%−13,441−100.0%Sold out
Siren, L.L.C.0$00.00%−12,500−100.0%Sold out
Engineers Gate Manager LP0$00.00%−11,390−100.0%Sold out
Gsa Capital Partners LLP0$00.00%−10,608−100.0%Sold out
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main0$00.00%−2,200−100.0%Sold out
Clear Street Markets LLC0$00.00%−1,029−100.0%Sold out
Boston Private Wealth LLC0$00.00%−783−100.0%Sold out
Ronald Blue Trust, Inc.0$00.00%−467−100.0%Sold out
Coldstream Capital Management Inc0$00.00%−318−100.0%Sold out
FNY Investment Advisers, LLC0$00.00%−1−100.0%Sold out
Lindbrook Capital, LLC––––Not filed
Pinpoint Asset Management Ltd––––Not filed