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Yatsen Holding Ltd

YSG
Exchange
NYSE
Industry
Perfumes, Cosmetics & Other Toilet Preparations
SEC CIK
0001819580

No open-market purchases or sales by Yatsen Holding Ltd insiders were filed in the last 90 days; 42 institutions reported holding it in 13F filings for Q2 2026, worth $40.3M in total; HHLR Advisors (Hillhouse) is the only superinvestor holding it.

13F holders, Q4 2025

Institutional positions in Yatsen Holding Ltd as of Dec 31, 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
55
−10 vs. Q3 2025
Shares held
15.3M
+229.3K (+1.5%) vs. Q3 2025
Total value
$59.8M
−$76.7M (−56.2%) vs. Q3 2025
New holders
15
18 more added
Sold out
25
18 more reduced

3 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting YSG 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 holdersQ4 2025: 55 institutions
Q1 2021: 84 institutionsQ2 2021: 76 institutionsQ3 2021: 64 institutionsQ4 2021: 76 institutionsQ1 2022: 59 institutionsQ2 2022: 49 institutionsQ3 2022: 38 institutionsQ4 2022: 36 institutionsQ1 2023: 44 institutionsQ2 2023: 40 institutionsQ3 2023: 38 institutionsQ4 2023: 37 institutionsQ1 2024: 35 institutionsQ2 2024: 27 institutionsQ3 2024: 30 institutionsQ4 2024: 35 institutionsQ1 2025: 35 institutionsQ2 2025: 48 institutionsQ3 2025: 68 institutionsQ4 2025: 55 institutionsQ1 2026: 48 institutionsQ2 2026: 42 institutions
Value heldQ4 2025: $59.8M
Q1 2021: $921.8MQ2 2021: $1.10BQ3 2021: $415.5MQ4 2021: $352.7MQ1 2022: $96.1MQ2 2022: $165.2MQ3 2022: $109.5MQ4 2022: $139.4MQ1 2023: $141.6MQ2 2023: $87.4MQ3 2023: $78.9MQ4 2023: $55.6MQ1 2024: $22.6MQ2 2024: $24.2MQ3 2024: $31.0MQ4 2024: $44.5MQ1 2025: $56.6MQ2 2025: $129.0MQ3 2025: $138.1MQ4 2025: $59.8MQ1 2026: $44.3MQ2 2026: $40.3M
Institutions holding YSG and their total value by quarter
QuarterHoldersValue
Q2 202642$40.3M
Q1 202648$44.3M
Q4 202555$59.8M
Q3 202568$138.1M
Q2 202548$129.0M
Q1 202535$56.6M
Q4 202435$44.5M
Q3 202430$31.0M
Q2 202427$24.2M
Q1 202435$22.6M
Q4 202337$55.6M
Q3 202338$78.9M
Q2 202340$87.4M
Q1 202344$141.6M
Q4 202236$139.4M
Q3 202238$109.5M
Q2 202249$165.2M
Q1 202259$96.1M
Q4 202176$352.7M
Q3 202164$415.5M
Q2 202176$1.10B
Q1 202184$921.8M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Yatsen Holding Ltd; share changes are against Q3 2025.

Institutions holding YSG in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
HHLR Advisors, Ltd.SuperinvestorHHLR Advisors (Hillhouse)4,885,873$19.0M0.61%00.0%Unchanged
Morgan Stanley3,541,612$13.8M0.00%+5,135+0.1%Added
Bank of America Corp1,667,102$6.49M0.00%−87,139−5.0%Reduced
Perseverance Asset Management International529,993$2.06M0.30%+529,993New
Renaissance Technologies LLC518,307$2.02M0.00%−22,400−4.1%Reduced
Point72 Asset Management, L.P.489,514$1.90M0.00%+290,017+145.4%Added
Goldman Sachs Group Inc443,361$1.72M0.00%−10,481−2.3%Reduced
Connor, Clark & Lunn Investment Management Ltd.421,584$1.64M0.00%−10,820−2.5%Reduced
Yiheng Capital Management, L.P.368,347$1.43M0.62%+272,019+282.4%Added
Barclays PLC277,877$1.08M0.00%+115,057+70.7%Added
Helios Capital Management Pte. Ltd200,000$778.0K0.53%00.0%Unchanged
Citadel Advisors LLC189,820$738.4K0.00%+87,871+86.2%Added
Arrowstreet Capital, Limited Partnership179,127$696.8K0.00%−367,672−67.2%Reduced
Citigroup Inc152,534$593.4K0.00%+146,713+2,520.4%Added
Diversify Wealth Management, LLC120,801$544.8K0.03%−8,904−6.9%Reduced
Millennium Management LLC132,039$513.6K0.00%+99,321+303.6%Added
State Street Corp116,077$451.5K0.00%+6,707+6.1%Added
HSBC Holdings PLC95,711$377.1K0.00%+95,711New
Qube Research & Technologies Ltd90,508$352.1K0.00%+68,497+311.2%Added
UBS Group AG86,880$338.0K0.00%+31,251+56.2%Added
Dymon Asia Capital (Singapore) Pte. Ltd.77,974$303.3K0.07%+10,346+15.3%Added
Jane Street Group, LLC72,327$281.4K0.00%+21,226+41.5%Added
XTX Topco Ltd67,376$262.1K0.01%+55,916+487.9%Added
Gsa Capital Partners LLP58,860$229.0K0.02%−69,634−54.2%Reduced
Acadian Asset Management LLC58,639$224.0K0.00%+58,639New
Quadrature Capital Ltd53,482$208.0K0.00%+53,482New
Invesco Ltd.52,957$206.0K0.00%−2,385−4.3%Reduced
BlackRock, Inc.47,193$183.6K0.00%+43,565+1,200.8%Added
Oasis Management Co Ltd.45,000$175.1K0.02%−10,000−18.2%Reduced
Diversify Advisory Services, LLC41,559$175.0K0.01%−3,615−8.0%Reduced
Public Employees Retirement System of Ohio35,266$137.2K0.00%−44,592−55.8%Reduced
Two Sigma Investments, LP34,150$132.8K0.00%+21,587+171.8%Added
BNP Paribas Arbitrage, SA28,820$112.1K0.00%−368−1.3%Reduced
Pinpoint Asset Management (Singapore) Pte. Ltd.26,826$104.4K0.02%−12,364−31.5%Reduced
CWM, LLC25,136$98.0K0.00%+25,136New
Squarepoint Ops LLC17,752$69.1K0.00%+17,752New
Two Sigma Advisers, LP16,960$66.0K0.00%−9,633−36.2%Reduced
PharVision Advisers, LLC14,848$57.8K0.03%+14,848New
Engineers Gate Manager LP14,100$54.8K0.00%−17,200−55.0%Reduced
Virtu Financial LLC12,382$48.0K0.00%+12,382New
Police & Firemen's Retirement System of New Jersey12,010$46.7K0.00%+12,010New
Persistent Asset Partners Ltd10,332$40.2K0.02%+5,332+106.6%Added
New York State Common Retirement Fund7,048$27.4K0.00%+7,048New
Smartleaf Asset Management LLC4,263$16.9K0.00%+4,263New
Rhumbline Advisers2,720$10.6K0.00%+1,115+69.5%Added
Quarry LP1,128$4.39K0.00%+1,023+974.3%Added
EverSource Wealth Advisors, LLC850$3.31K0.00%−5,122−85.8%Reduced
Royal Bank of Canada599$2.00K0.00%+599New
SBI Securities Co., Ltd.483$1.88K0.00%−100−17.2%Reduced
DV Equities, LLC387$1.50K0.00%+387New
Advisor Group Holdings, Inc.81$3150.00%−132−62.0%Reduced
Root Financial Partners, LLC62$2410.00%00.0%Unchanged
Tower Research Capital LLC (TRC)46$1790.00%+46New
Steward Partners Investment Advisory, LLC40$1560.00%00.0%Unchanged
Caitong International Asset Management Co., Ltd22$860.00%+22New
Envestnet Asset Management Inc0$00.00%−199,230−100.0%Sold out
Dorsey Wright & Associates0$00.00%−147,908−100.0%Sold out
Keystone Investors Pte Ltd0$00.00%−138,166−100.0%Sold out
AdvisorShares Investments LLC0$00.00%−108,006−100.0%Sold out
LPL Financial LLC0$00.00%−90,765−100.0%Sold out
Healthcare of Ontario Pension Plan Trust Fund0$00.00%−85,604−100.0%Sold out
Verition Fund Management LLC0$00.00%−83,381−100.0%Sold out
Stifel Financial Corp0$00.00%−63,298−100.0%Sold out
Cetera Investment Advisers0$00.00%−39,332−100.0%Sold out
Atria Investments LLC0$00.00%−37,030−100.0%Sold out
Personal Cfo Solutions, LLC0$00.00%−25,422−100.0%Sold out
Burns Matteson Capital Management, LLC0$00.00%−24,819−100.0%Sold out
Independent Financial Group, LLC0$00.00%−19,589−100.0%Sold out
Integrated Wealth Concepts LLC0$00.00%−19,362−100.0%Sold out
Cornerstone Investment Partners, LLC0$00.00%−16,620−100.0%Sold out
Truist Financial Corp0$00.00%−15,936−100.0%Sold out
Savant Capital, LLC0$00.00%−15,345−100.0%Sold out
Wiley Bros.-Aintree Capital, LLC0$00.00%−14,825−100.0%Sold out
Toroso Investments, LLC0$00.00%−14,725−100.0%Sold out
Ascent Group, LLC0$00.00%−13,207−100.0%Sold out
WCM Investment Management, LLC0$00.00%−12,252−100.0%Sold out
Alliance Wealth Advisors, LLC0$00.00%−10,132−100.0%Sold out
Walleye Trading LLC0$00.00%−7,015−100.0%Sold out
JPMorgan Chase & Co0$00.00%−630−100.0%Sold out
ORG Wealth Partners, LLC0$00.00%−507−100.0%Sold out
Point72 Hong Kong Ltd––––Not filed
Point72 Asia (Singapore) Pte. Ltd.––––Not filed
Point72 (DIFC) Ltd––––Not filed