New Positions
17 managers initiated
Top five by reported value
- AIA Group Ltd$1.1M
- TWO SIGMA INVESTMENTS, LP$283.5K
- XTX Topco Ltd$219.1K
- Jump Financial, LLC$157.8K
- NANO CAP NEW MILLENNIUM GROWTH FUND L P$133.0K
Baozun Inc NASDAQ NMS - GLOBAL MARKET:BZUN
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
17 new14 added39 reduced12 exited
Total Institutional Holders
70
as of 2025-12-31
Top Holder
SCHRODER INVESTMENT MANAGEMENT GROUP
$6.4M
Largest QoQ Increase
AIA Group Ltd
+399,018 sh
Largest QoQ Decrease
GOLDMAN SACHS GROUP INC
-159,144 sh
New Positions(17)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| AIA Group Ltd | 399,018 | +399,018 | $1.1M | +$1.1M | — |
| TWO SIGMA INVESTMENTS, LP | 106,579 | +106,579 | $283.5K | +$283.5K | — |
| XTX Topco Ltd | 82,363 | +82,363 | $219.1K | +$219.1K | — |
| Jump Financial, LLC | 59,325 | +59,325 | $157.8K | +$157.8K | — |
| NANO CAP NEW MILLENNIUM GROWTH FUND L P | 50,000 | +50,000 | $133.0K | +$133.0K | — |
| Leonteq Securities AG | 37,688 | +37,688 | $102.9K | +$102.9K | — |
| Point72 Asset Management, L.P. | 23,390 | +23,390 | $62.2K | +$62.2K | — |
| Quadrature Capital Ltd | 19,262 | +19,262 | $51.2K | +$51.2K | — |
| QRG CAPITAL MANAGEMENT, INC. | 12,102 | +12,102 | $32.2K | +$32.2K | — |
| Vestmark Advisory Solutions, Inc. | 12,024 | +12,024 | $32.0K | +$32.0K | — |
| Royal Bank of Canada | 192 | +192 | $1.0K | +$1.0K | — |
| EverSource Wealth Advisors, LLC | 108 | +108 | $287 | +$287 | — |
| IMA Wealth, Inc. | 77 | +77 | $204 | +$204 | — |
| Eurizon Capital SGR S.p.A. | 45 | +45 | $120 | +$120 | — |
| HARBOR INVESTMENT ADVISORY, LLC | 4 | +4 | $11 | +$11 | — |
| IFP Advisors, Inc | 1 | +1 | $4 | +$4 | — |
| CWM, LLC | 350 | +350 | $1 | +$1 | — |
Added To(14)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| SCHRODER INVESTMENT MANAGEMENT GROUP | 2,414,558 | +113,058 | $6.4M | -$2.9M | 4.9% |
| MILLENNIUM MANAGEMENT LLC | 144,052 | +122,865 | $383.2K | +$297.4K | 579.9% |
| RENAISSANCE TECHNOLOGIES LLC | 230,244 | +35,228 | $612.4K | -$177.4K | 18.1% |
| UBS Group AG | 218,537 | +31,674 | $581.3K | -$175.5K | 16.9% |
| MARSHALL WACE, LLP | 346,764 | +76,928 | $922.4K | -$170.4K | 28.5% |
| Qube Research & Technologies Ltd | 175,904 | +19,650 | $467.9K | -$164.9K | 12.6% |
| JANE STREET GROUP, LLC | 54,423 | +37,755 | $144.8K | +$77.3K | 226.5% |
| Marex Group plc | 130,774 | +26,068 | $347.9K | -$76.2K | 24.9% |
| STATE STREET CORP | 43,148 | +1,942 | $114.8K | -$52.1K | 4.7% |
| BNP PARIBAS ARBITRAGE, SNC | 41,767 | +21,125 | $111.1K | +$27.5K | 102.3% |
| Headlands Technologies LLC | 24,920 | +2,039 | $66.3K | -$26.4K | 8.9% |
| Russell Investments Group, Ltd. | 28,760 | +12,907 | $75.1K | +$11.0K | 81.4% |
| GSA CAPITAL PARTNERS LLP | 235,713 | +30,040 | $627 | -$206 | 14.6% |
| ADVISOR GROUP HOLDINGS, INC. | 950 | +275 | $2.5K | -$170 | 40.7% |
Reduced(39)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 640,469 | -104,357 | $1.7M | -$1.3M | -14.0% |
| MORGAN STANLEY | 582,849 | -117,534 | $1.6M | -$1.3M | -16.8% |
| DIMENSIONAL FUND ADVISORS LP | 575,602 | -27,414 | $1.5M | -$911.9K | -4.5% |
| TWO SIGMA ADVISERS, LP | 614,522 | -1,100 | $1.6M | -$858.6K | -0.2% |
| GOLDMAN SACHS GROUP INC | 90,458 | -159,144 | $240.6K | -$770.3K | -63.8% |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 451,293 | -18,963 | $1.2M | -$704.1K | -4.0% |
| JPMORGAN CHASE & CO | 183,256 | -40,449 | $487.5K | -$418.5K | -18.1% |
| Walleye Capital LLC | 151,151 | -7,388 | $402.1K | -$240.0K | -4.7% |
| CITADEL ADVISORS LLC | 131,043 | -11,936 | $348.6K | -$230.5K | -8.3% |
| D. E. Shaw & Co., Inc. | 136,756 | -9,067 | $363.8K | -$226.8K | -6.2% |
| BANK OF AMERICA CORP /DE/ | 112,830 | -12,335 | $300.1K | -$206.8K | -9.8% |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | 92,523 | 0 | $246.1K | -$128.6K | 0.0% |
| GROUP ONE TRADING, L.P. | 13,413 | -26,357 | $35.7K | -$125.4K | -66.3% |
| RBF Capital, LLC | 40,000 | -7,900 | $106.4K | -$87.6K | -16.5% |
| Cetera Investment Advisers | 30,949 | -4,993 | $82.3K | -$63.2K | -13.9% |
| Invesco Ltd. | 33,620 | -2,388 | $89.4K | -$56.4K | -6.6% |
| GEODE CAPITAL MANAGEMENT, LLC | 32,067 | 0 | $85.3K | -$44.6K | 0.0% |
| TWO SIGMA SECURITIES, LLC | 11,422 | -6,668 | $30.4K | -$42.9K | -36.9% |
| NEW YORK STATE COMMON RETIREMENT FUND | 23,914 | 0 | $63.6K | -$33.2K | 0.0% |
| PFG Investments, LLC | 10,200 | 0 | $27.1K | -$14.2K | 0.0% |
| SIMPLEX TRADING, LLC | 3,764 | -10,184 | $10.0K | +$10.0K | -73.0% |
| Tower Research Capital LLC (TRC) | 3,683 | -318 | $9.8K | -$6.4K | -7.9% |
| RHUMBLINE ADVISERS | 3,324 | -274 | $8.8K | -$5.7K | -7.6% |
| North Star Investment Management Corp. | 2,900 | 0 | $7.7K | -$4.0K | 0.0% |
| ACADIAN ASSET MANAGEMENT LLC | 2,114,964 | -16,523 | $5.6K | -$3.0K | -0.8% |
| NewEdge Advisors, LLC | 1,231 | 0 | $3.3K | -$1.7K | 0.0% |
| WELLS FARGO & COMPANY/MN | 725 | -60 | $1.9K | -$1.3K | -7.6% |
| BlackRock, Inc. | 827 | 0 | $2.2K | -$1.1K | 0.0% |
| N.E.W. Advisory Services LLC | 800 | 0 | $2.1K | -$1.1K | 0.0% |
| NATIONAL BANK OF CANADA /FI/ | 275 | 0 | $729 | -$382 | 0.0% |
| SBI Securities Co., Ltd. | 257 | 0 | $684 | -$357 | 0.0% |
| CITIGROUP INC | 61 | -54 | $162 | -$304 | -47.0% |
| Federation des caisses Desjardins du Quebec | 200 | 0 | $532 | -$278 | 0.0% |
| Compagnie Lombard Odier SCmA | 200 | 0 | $532 | -$278 | 0.0% |
| Polunin Capital Partners Ltd | 60,222 | -47,401 | $168 | -$256 | -44.0% |
| ADIRONDACK TRUST CO | 75 | 0 | $199 | -$104 | 0.0% |
| Rockefeller Capital Management L.P. | 50 | 0 | $133 | -$70 | 0.0% |
| SWAN Capital LLC | 47 | 0 | $125 | -$65 | 0.0% |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 1 | 0 | $3 | -$1 | 0.0% |
Sold Out(12)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Cubist Systematic Strategies, LLC | 0 | -59,838 | $0 | -$242.3K | — |
| Centiva Capital, LP | 0 | -39,539 | $0 | -$160.1K | — |
| MACKENZIE FINANCIAL CORP | 0 | -25,089 | $0 | -$101.6K | — |
| WOLVERINE TRADING, LLC | 0 | -16,300 | $0 | -$65.9K | — |
| Walleye Trading LLC | 0 | -14,065 | $0 | -$57.0K | — |
| LPL Financial LLC | 0 | -13,338 | $0 | -$54.0K | — |
| Groupe la Francaise | 0 | -327 | $0 | -$1.1K | — |
| SIGNATUREFD, LLC | 0 | -250 | $0 | -$1.0K | — |
| Ronald Blue Trust, Inc. | 0 | -90 | $0 | -$365 | — |
| Main Street Group, LTD | 0 | -78 | $0 | -$317 | — |
| Mascoma Wealth Management LLC | 0 | -30 | $0 | -$122 | — |
| JONES FINANCIAL COMPANIES LLLP | 0 | -14 | $0 | -$57 | — |
Top Holders by reported value
Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.
| Manager | Shares | $ Value | Δ Shares | QoQ % |
|---|---|---|---|---|
| SCHRODER INVESTMENT MANAGEMENT GROUP | 2,414,558 | $6.4M | +113,058 | 4.9% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 640,469 | $1.7M | -104,357 | -14.0% |
| TWO SIGMA ADVISERS, LP | 614,522 | $1.6M | -1,100 | -0.2% |
| MORGAN STANLEY | 582,849 | $1.6M | -117,534 | -16.8% |
| DIMENSIONAL FUND ADVISORS LP | 575,602 | $1.5M | -27,414 | -4.5% |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 451,293 | $1.2M | -18,963 | -4.0% |
| AIA Group Ltd | 399,018 | $1.1M | +399,018 | — |
| MARSHALL WACE, LLP | 346,764 | $922.4K | +76,928 | 28.5% |
| RENAISSANCE TECHNOLOGIES LLC | 230,244 | $612.4K | +35,228 | 18.1% |
| UBS Group AG | 218,537 | $581.3K | +31,674 | 16.9% |
| JPMORGAN CHASE & CO | 183,256 | $487.5K | -40,449 | -18.1% |
| Qube Research & Technologies Ltd | 175,904 | $467.9K | +19,650 | 12.6% |
| Walleye Capital LLC | 151,151 | $402.1K | -7,388 | -4.7% |
| MILLENNIUM MANAGEMENT LLC | 144,052 | $383.2K | +122,865 | 579.9% |
| D. E. Shaw & Co., Inc. | 136,756 | $363.8K | -9,067 | -6.2% |
| CITADEL ADVISORS LLC | 131,043 | $348.6K | -11,936 | -8.3% |
| Marex Group plc | 130,774 | $347.9K | +26,068 | 24.9% |
| BANK OF AMERICA CORP /DE/ | 112,830 | $300.1K | -12,335 | -9.8% |
| TWO SIGMA INVESTMENTS, LP | 106,579 | $283.5K | +106,579 | — |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | 92,523 | $246.1K | 0 | 0.0% |
New & Closed Positions this quarter
Closed Positions
12 managers exited
Top five by prior-quarter value
- Cubist Systematic Strategies, LLC$242.3K
- Centiva Capital, LP$160.1K
- MACKENZIE FINANCIAL CORP$101.6K
- WOLVERINE TRADING, LLC$65.9K
- Walleye Trading LLC$57.0K
Methodology
Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.
Quarter-over-quarter deltas compare each manager's most recently reported share count for BZUN against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.
Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.