Qfin Holdings (QFIN): which funds own it
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Sections with a free account
5 concentrated managers hold it (+1 vs last quarter) with a median weight of 2.0%. 1 officer or director bought in 6 months.
Who owns Qfin Holdings?
Qfin Holdings trades in the U.S. through ADRs, certificates that represent shares of a non-U.S. company. Form 13F counts ADRs while the company reports ordinary shares, so we do not compute percentages. Holders reporting more than 5% of the ordinary shares to the SEC (Schedules 13D/13G): Aerovane, 17.9% (13D/A filed Dec 5, 2025). As of Jun 30, 2026, the largest ADR holders reported on Form 13F were BlackRock (6.4 million ADRs), Aspex Management (HK) (6.4 million ADRs) and FountainVest China Capital Partners GP3 (6.0 million ADRs).
Which institutions hold the most Qfin Holdings shares?
Per Form 13F filings as of Jun 30, 2026, in ADRs:
- 1. BlackRock: 6.4 million ADRs
- 2. Aspex Management (HK): 6.4 million ADRs
- 3. FountainVest China Capital Partners GP3: 6.0 million ADRs
- 4. Triata Capital: 5.2 million ADRs
- 5. Krane Funds Advisors: 3.4 million ADRs
- 6. Vanguard Capital Management: 3.3 million ADRs
- 7. Greenwoods Asset Management Hong Kong: 3.0 million ADRs
- 8. D. E. Shaw: 2.5 million ADRs
- 9. Bank of America: 2.2 million ADRs
- 10. Acadian Asset Management: 2.2 million ADRs
Sources:13D/A by Aerovane (Dec 5, 2025) ↗All of the company's proxy statements on EDGAR ↗
We hold 13D and 13G filings made since Dec 23, 2024: a holder above 5% that has not filed since then does not appear here.
Quarter flow (concentrated managers)
Change in managers (4 → 5): 1 opened · 0 exited = +1
Net flow in the quarter: +$6.3M (+399 K shares) · bought $10.5M and sold $4.2MShares concentrated managers added minus those they cut, valued at the 13F quarter-end implied price, not each trade's price. It is a different measure from the change in managers: the two can have opposite signs.
The set of concentrated managers changed between quarters: with the set as it was then, 2 held it last quarter (the chart point); with today's set, 4 (the base for the change).
Concentrated managers holding it
- Aspex Management (HK)$102M1.1%
- Greenwoods Asset Management Hong KongReduced$47.9M2.2%−0.1 pp
- Alpine Investment ManagementNew$9.0M2.3%+2.3 pp
- Matthews International Capital ManagementIncreased$5.9M2.0%+0.5 pp
- Carmignac Gestion$618K0.0%
Up to 15, sorted by position value. The percentage is the weight in each manager's portfolio.
Largest holders of QFIN (all 13F filers)
- BlackRock6.4 MIndex manager · 2.64% of the company+513 K
- Aspex Management (HK)concentrated6.4 MInvestment firm · 2.63% of the company0
- FountainVest China Capital Partners GP36.0 MPrivate equity or venture capital · 2.48% of the company0
- Triata Capital5.2 MType not verified · 2.12% of the company+1.7 M
- Krane Funds Advisors3.4 MInvestment firm · 1.41% of the company−1.6 M
- Vanguard Capital Management3.3 MIndex manager · 1.34% of the company−67 K
- Greenwoods Asset Management Hong Kongconcentrated3.0 MInvestment firm · 1.24% of the company−264 K
- D. E. Shaw2.5 MQuant or multi-manager · 1.04% of the company−602 K
- Bank of America2.2 MBank or trading desk · 0.92% of the company+252 K
- Acadian Asset Management2.2 MQuant or multi-manager · 0.90% of the company+292 K
- Shares
- 6.4 M
- Change
- +513 K
- % of the company
- 2.64%
See more
- Type
- Index manager
- Value
- $102M
- Aspex Management (HK)concentrated
- Shares
- 6.4 M
- Change
- 0
- % of the company
- 2.63%
See more
- Type
- Investment firm
- Value
- $102M
- Shares
- 6.0 M
- Change
- 0
- % of the company
- 2.48%
See more
- Type
- Private equity or venture capital
- Value
- $95.5M
- Triata Capital
- Shares
- 5.2 M
- Change
- +1.7 M
- % of the company
- 2.12%
See more
- Type
- Type not verified
- Value
- $81.7M
- Shares
- 3.4 M
- Change
- −1.6 M
- % of the company
- 1.41%
See more
- Type
- Investment firm
- Value
- $54.2M
- Shares
- 3.3 M
- Change
- −67 K
- % of the company
- 1.34%
See more
- Type
- Index manager
- Value
- $51.8M
- Greenwoods Asset Management Hong Kongconcentrated
- Shares
- 3.0 M
- Change
- −264 K
- % of the company
- 1.24%
See more
- Type
- Investment firm
- Value
- $47.9M
- Shares
- 2.5 M
- Change
- −602 K
- % of the company
- 1.04%
See more
- Type
- Quant or multi-manager
- Value
- $40.0M
- Shares
- 2.2 M
- Change
- +252 K
- % of the company
- 0.92%
See more
- Type
- Bank or trading desk
- Value
- $35.4M
- Shares
- 2.2 M
- Change
- +292 K
- % of the company
- 0.90%
See more
- Type
- Quant or multi-manager
- Value
- $34.6M
The 10 13F filers with the most shares as of Jun 30, 2026, whatever their type (index firms usually come first). “Change”: shares added or cut versus the previous quarter, split-adjusted; “no data” = there is no comparable portfolio for the previous quarter (no filing, or a filing with its holdings under confidential treatment). “% of the company” only where shares outstanding are up to date. Entities of the same group file separately and some 13F filings include other managers: there may be double counting. With a free account: the top 25, the largest buyers and the largest sellers.
Fundamentals
12-month figures to Dec 31, 2025.
- Operating margin
- —
- Net margin
- —
- ROE
- 24.8%
- Revenue (TTM)
- —
- Revenue growth
- —
- Net income (TTM)
- $857M
- Quality vs sector
- —
Bank, insurer or other financial company: we do not show net debt / EBITDA or free cash flow. Its cash flow moves with loans and the investment portfolio, and its debt is part of the business: those figures do not read as they do for an industrial company.
Figures from the statements the company filed with the SEC (10-K, 10-Q). Free cash flow = operating cash flow − capital expenditures; empty if the company does not report capex. “Quality vs sector”: 0 to 100, the average of its percentiles in ROE, operating margin, free-cash-flow margin, revenue and earnings growth and net debt / EBITDA (at least 3 needed) against companies in its sector above $300M. How each figure is calculated
Shares outstanding: buybacks and dilution
2025: 272.2 M
- 1 year
- −10.3%
- 3 years
- −15.5%
- 5 years
- −11.2%
- Buybacks (FY 2025)
- $693M
- Share issuance
- no data
- Stock-based compensation
- $54.1M
- Dividends paid
- no data
From the statements the company filed with the SEC (10-K). The change compares average diluted shares of each fiscal year, on today's basis: negative = it bought back more than it issued; positive = dilution. “No data” = the company does not report that item under a tag we can read; it does not mean zero.
Earnings quality and debt
- Operating cash flow ÷ net income (12 months)
- 1.85
Bank or insurer: debt ratios do not apply.
From the figures the company filed with the SEC. Cash flow over net income near or above 1 means earnings are collected in cash; far below, that part is accounting. Coverage says how many times operating income pays the latest fiscal year's interest. Maturities come from the debt note of the latest annual report, counted from its closing date. “No data” never means zero.
Insiders (Form 4)
10% owners who bought (6 m): 0
Open-market purchases, excluding 10b5-1 plans. Officers and directors only; joint filers of the same purchase count as one. 10% owners with no role are shown separately. 0 = nobody bought; “no data” = we do not have its Form 4 filings.
Each of the company's Form 4 filings, on EDGAR ↗Latest trades, with date and filing →
Above 5% (13D/13G)
Disclosed stakes, with their amendments. A filing is not always a purchase: there are also reductions and changes of filing entity.
This list may be incomplete: we hold 13D and 13G filings made since Dec 23, 2024. A holder above 5% that has not filed anything since then is not shown here.
Above 5% over time (13D/13G)
Each holder with its filings in order. History since December 2024.
This company filed no 8-K forms in the last year. Foreign companies listed in the US (ADRs) report material events on forms 6-K and 20-F, and ETFs and funds do not file 8-Ks. If it is a foreign company listed in the US through ADRs (American Depositary Receipts), what trades are bank-issued certificates that represent shares from its home market. See its filings on EDGAR ↗
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