GDSNasdaqServices-Computer Programming, Data Processing, Etc.Also trades as GDHLF
GDS Holdings Ltd
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 29, 2026
$22.47−0.61 (-2.64%)
Close on Oct 19, 2026
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
105M
Shares held, 13F filers
Institutional holders
197
42 new, 48 sold out
Net institutional buying
14M
In Q2 2026
Insider trades, 12 months
0 buys · 2 sales
Net sold $1.71M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Singapore Technologies Telemedia Pte Ltd | 493,288,484 | 34.20% | 13D (active) amendment | Feb 17, 2025 |
| STT Garnet Pte. Ltd. | 445,288,484 | 28.70% | 13D (active) amendment | Sep 10, 2025 |
| GIC Private Limited | 126,534,424 | 7.55% | 13G (passive) amendment | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of GDS | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Singapore Technologies Telemedia Pte Ltd | 9,835,680 | – | $295.37M | – | 100.00% |
| Sachem Head Capital Management LP | 8,685,000 | – | $260.81M | – | 5.41% |
| Canada Pension Plan Investment Board | 7,004,083 | – | $210.33M | – | 0.12% |
| Barclays PLC | 6,654,192 | – | $199.83M | +3,663,017 | 0.04% |
| Tekne Capital Management, LLC | 5,976,818 | – | $179.48M | +925,000 | 58.73% |
| Bamco Inc /Ny/ | 4,245,033 | – | $127.48M | −352,213 | 0.19% |
| Baupost Group LLC/Ma | 3,769,818 | – | $113.21K | +725,000 | 2.09% |
| UBS Group AG | 3,590,986 | – | $107.84M | +1,565,360 | 0.01% |
| Carrhae Capital LLP | 3,300,419 | – | $99.11M | +1,115,757 | 2.74% |
| Goldman Sachs Group Inc | 3,162,100 | – | $94.96M | +1,113,768 | 0.01% |
| TOMS Capital Investment Management LP | 2,722,000 | – | $81.74M | New | 1.75% |
| 12 West Capital Management LP | 2,563,192 | – | $76.97M | −13,384 | 14.40% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 2,488,523 | – | $74.73M | +1,053,521 | 0.09% |
| BlackRock, Inc. | 2,219,981 | – | $66.67M | +983,450 | 0.00% |
| Point72 Asset Management, L.P. | 2,169,763 | – | $65.16M | +616,711 | 0.07% |
| Morgan Stanley | 1,722,275 | – | $51.72M | +128,323 | 0.00% |
| Triata Capital Ltd | 1,705,220 | – | $51.21M | +617,318 | 8.70% |
| Clearline Capital LP | 1,665,600 | – | $50.02M | New | 2.98% |
| D. E. Shaw & Co., Inc. | 1,624,322 | – | $48.78M | −340,496 | 0.02% |
| Alyeska Investment Group, L.P. | 1,554,533 | – | $46.68M | +1,154,533 | 0.12% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 197 | 105M | 42 / 75 | 63 / 48 | 27M | 13M |
| Q1 2026 | 206 | 91M | 50 / 73 | 59 / 22 | 24M | 10M |
| Q4 2025 | 180 | 78M | 35 / 67 | 54 / 57 | 14M | 14M |
| Q3 2025 | 204 | 79M | 67 / 68 | 52 / 23 | 18M | 20M |
| Q2 2025 | 161 | 81M | 42 / 55 | 46 / 33 | 19M | 13M |
| Q1 2025 | 154 | 75M | 42 / 35 | 60 / 22 | 12M | 20M |
| Q4 2024 | 137 | 83M | 27 / 43 | 40 / 28 | 15M | 13M |
| Q3 2024 | 139 | 81M | 41 / 41 | 36 / 10 | 23M | 25M |
| Q2 2024 | 109 | 83M | 19 / 31 | 40 / 15 | 17M | 9M |
| Q1 2024 | 106 | 75M | 22 / 36 | 29 / 22 | 12M | 3M |
| Q4 2023 | 107 | 67M | 17 / 27 | 43 / 13 | 7M | 3M |
| Q3 2023 | 103 | 63M | 10 / 37 | 31 / 26 | 4M | 6M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of GDS | Value | % of fund | As of |
|---|---|---|---|---|---|
| Global X Data Center & Digital Infrastructure ETF | 1,672,398 | – | $59.29M | 2.76% | May 31, 2026 |
| Baron Emerging Markets Fund | 1,306,213 | – | $39.23M | 0.98% | Jun 30, 2026 |
| Baron Global Opportunity Fund | 960,141 | – | $28.83M | 2.08% | Jun 30, 2026 |
| Baron Real Estate Fund | 797,175 | – | $23.94M | 1.04% | Jun 30, 2026 |
| Baron Opportunity Fund | 622,000 | – | $18.68M | 0.88% | Jun 30, 2026 |
| Putnam Global Technology Fund | 540,754 | – | $19.17M | 0.98% | May 31, 2026 |
| Alger Small Cap Focus Fund | 457,288 | – | $14.97M | 1.75% | Jul 31, 2026 |
| BlackRock Mid-Cap Value Fund | 261,971 | – | $8.58M | 0.77% | Jul 31, 2026 |
| Emerging Markets Fund | 223,313 | – | $7.92M | 0.39% | May 31, 2026 |
| Pacer Data & Infrastructure Real Estate ETF | 196,046 | – | $6.42M | 1.73% | Jul 31, 2026 |
| International Opportunities Fund | 188,083 | – | $6.67M | 1.13% | May 31, 2026 |
| Global Real Estate Fund | 159,045 | – | $5.21M | 0.64% | Jul 31, 2026 |
| International Growth Fund | 152,710 | – | $5.41M | 0.24% | May 31, 2026 |
| BlackRock Multi-Asset Income Portfolio | 140,071 | – | $4.59M | 0.04% | Jul 31, 2026 |
| BlackRock Real Estate Securities Fund | 102,189 | – | $3.35M | 0.75% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| William Wei Huang | Chairman and CEO, Director | 572,893 | Aug 3, 2026 |
| Kejing Zhang | EVP, sales and service | 51,758 | Aug 4, 2026 |
| Yan Liang | See Remarks | 466,848 | Aug 3, 2026 |
| Daniel Antony Newman | Chief financial officer | 1,240,758 | Aug 3, 2026 |
| Yixin Qian | Executive VP, operation | 79,665 | Aug 3, 2026 |
| David Zhang | Director | 75 | Jul 15, 2026 |
| Tat Hiang Sio | Director | 213,178 | Jul 15, 2026 |
| Bruno Lopez | Director | 108,384 | Jul 15, 2026 |
| Kathy Hua Chen | Director | 50,740 | Jul 15, 2026 |
| Gary J. Wojtaszek | Director | 89,349 | Jul 15, 2026 |
| Zulkifli Bin Baharudin | Director | 92,390 | Jul 15, 2026 |
| Judy Qing Ye | Director | 1,320 | Jul 15, 2026 |
| Qiang Chang Sun | Director | 59,280 | Jul 15, 2026 |
| Chee Ming Liu | Director | 30,400 | Jul 15, 2026 |
| Bin Yu | Director | 74,790 | Jul 15, 2026 |
| Ah Doo Lim | Director | 1,762,617 | May 18, 2026 |
| Satoshi Okada | Director | 98,939 | May 15, 2026 |
| Jonathan Allen King | – | 17,007 | Jul 15, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Kejing Zhang EVP, sales and service | Aug 3, 2026 | Other | +12,166 | – | – | 51,758 |
| Yan Liang See Remarks | Aug 3, 2026 | Other | +11,166 | – | – | 90,824 |
| Yixin Qian Executive VP, operation | Aug 3, 2026 | Other | +12,800 | – | – | 79,665 |
| William Wei Huang Chairman and CEO, Director | Aug 3, 2026 | Other | +53,334 | – | – | 254,222 |
| Daniel Antony Newman Chief financial officer | Aug 3, 2026 | Other | +51,374 | – | – | 1,040,758 |
| Gary J. Wojtaszek Director | Jul 15, 2026 | Award | +1,130 | – | – | 89,349 |
| Kathy Hua Chen Director | Jul 15, 2026 | Award | +740 | – | – | 50,740 |
| Bruno Lopez Director | Jul 15, 2026 | Award | +1,500 | – | – | 108,384 |
| Tat Hiang Sio Director | Jul 15, 2026 | Award | +2,130 | – | – | 209,178 |
| David Zhang Director | Jul 15, 2026 | Award | +75 | – | – | 75 |
| Bin Yu Director | Jul 15, 2026 | Award | +1,370 | – | – | 74,790 |
| Chee Ming Liu Director | Jul 15, 2026 | Award | +1,130 | – | – | 30,400 |
| Qiang Chang Sun Director | Jul 15, 2026 | Award | +1,130 | – | – | 59,280 |
| Jonathan Allen King – | Jul 15, 2026 | Award | +180 | – | – | 17,007 |
| Judy Qing Ye Director | Jul 15, 2026 | Award | +1,320 | – | – | 1,320 |
| Zulkifli Bin Baharudin Director | Jul 15, 2026 | Award | +1,740 | – | – | 92,390 |
| Yixin Qian Executive VP, operation | Jun 10, 2026 | Sale | −10,000 | $35.25 | $352.50K | 66,865 |
| Judy Qing Ye Director | Jun 2, 2026 | Sale | −37,394 | $36.21 | $1.35M | 0 |
| Kejing Zhang EVP, sales and service | May 22, 2026 | Other | +17,313 | – | – | 45,491 |
| Kejing Zhang EVP, sales and service | May 22, 2026 | Tax withholding | −5,899 | $33.80 | $199.39K | 39,592 |
| Ah Doo Lim Director | May 15, 2026 | Other | +1,390 | – | – | 74,970 |
| Satoshi Okada Director | May 15, 2026 | Other | +980 | – | – | 98,939 |
| Qiang Chang Sun Director | May 15, 2026 | Other | +980 | – | – | 58,150 |
| Tat Hiang Sio Director | May 15, 2026 | Other | +1,840 | – | – | 207,048 |
| Chee Ming Liu Director | May 15, 2026 | Other | +980 | – | – | 29,270 |
| Bruno Lopez Director | May 15, 2026 | Other | +1,290 | – | – | 106,884 |
| Zulkifli Bin Baharudin Director | May 15, 2026 | Other | +1,500 | – | – | 90,650 |
| Judy Qing Ye Director | May 15, 2026 | Other | +1,140 | – | – | 37,394 |
| Bin Yu Director | May 15, 2026 | Other | +1,190 | – | – | 73,420 |
| Gary J. Wojtaszek Director | May 15, 2026 | Other | +980 | – | – | 88,219 |
| Jonathan Allen King – | May 15, 2026 | Other | +160 | – | – | 16,827 |
| Yixin Qian Executive VP, operation | Apr 30, 2026 | Other | +52,660 | – | – | 76,865 |
| Daniel Antony Newman Chief financial officer | Apr 30, 2026 | Other | +161,492 | – | – | 989,384 |
| Yan Liang See Remarks | Apr 30, 2026 | Other | +20,775 | – | – | 79,658 |
| William Wei Huang Chairman and CEO, Director | Apr 30, 2026 | Other | +200,888 | – | – | 200,888 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Yixin Qian Officer, EXECUTIVE VP OPERATION | Jun 10, 2026 | 10,000 | $361.10K | Jun 10, 2026 | ACQUIRED STOCK UNDER GDS INCENTIVE PLAN |
| Judy Qing Ye Director, INDEPENDENT DIRECTOR | Jun 2, 2026 | 37,394 | $1.33M | Jun 2, 2026 | ACQUIRED STOCK UNDER GDS INCENTIVE PLAN |
| Qiang Chang Sun Director | May 26, 2026 | 10,000 | $2.35M | May 26, 2026 | ACQUIRED STOCK UNDER GDS INCENTIVE PLAN |
| Kejing Zhang Officer, EXECUTIVE VICE PRESIDENT | May 22, 2026 | 5,899 | $207.41K | May 22, 2026 | ACQUIRED STOCK UNDER GDS INCENTIVE PLAN |
| Yan Liang Officer, EVP | Sep 15, 2025 | 5,000 | $191.05K | Sep 15, 2025 | RESTRICTED SHARE UNITS RELEASE UNDER GDS INCENTIVE PLAN |
| Ah Doo Lim Director | Sep 15, 2025 | 3,300 | $126.09K | Sep 15, 2025 | ACQUIRED STOCK UNDER GDS INCENTIVE PLAN |
| Ah Doo Lim Director | Sep 12, 2025 | 20,000 | $770.00K | Sep 12, 2025 | ACQUIRED STOCK UNDER GDS INCENTIVE PLAN |
| Antony Newman Daniel Officer | Sep 12, 2025 | 1,200,000 | $46.20M | Sep 12, 2025 | Private Purchase |
| Huang Wei Officer | Sep 12, 2025 | 1,718,671 | $66.17M | Sep 12, 2025 | Vested RSUs granted under 2016 GDS Holdings Ltd Equity Incentive Plan |
| Yan Liang Officer, EVP | Sep 10, 2025 | 10,000 | $342.60K | Sep 10, 2025 | RESTRICTED SHARE UNITS RELEASE UNDER GDS INCENTIVE PLAN |
| Garnet Pte. Ltd. Stt Owner | Sep 10, 2025 | 48,000,000 | $201.06M | Sep 10, 2025 | Internal portfolio rationalization pursuant to which all Class A Shares previously held by STT GDC Pte. Ltd. were transferred to STT Garnet Pte. Ltd. |
| Kejing Zhang Officer, EXECUTIVE VICE PRESIDENT | Sep 8, 2025 | 25,000 | $829.25K | Sep 9, 2025 | ACQUIRED STOCK UNDER GDS INCENTIVE PLAN |
| Yan Liang Officer, EVP | Aug 29, 2025 | 10,000 | $350.80K | Aug 29, 2025 | RESTRICTED SHARE UNITS RELEASE SALE UNDER GDS INCENTIVE PLAN |
| Yixin Qian Officer, EVP | Aug 26, 2025 | 15,000 | $498.15K | Aug 26, 2025 | RESTRICTED SHARE UNITS RELEASE UNDER GDS INCENTIVE PLAN |
| Kejing Zhang Officer, EXECUTIVE VICE PRESIDENT | Aug 26, 2025 | 9,682 | $321.54K | Aug 26, 2025 | ACQUIRED STOCK UNDER GDS INCENTIVE PLAN |