NOAHNYSEInvestment Advice
NOAH HOLDINGS LTD
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 29, 2026
$7.07−0.15 (-2.08%)
Close on Oct 19, 2026
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
7.4%
25M of 335M shares
Institutional holders
88
14 new, 12 sold out
Net institutional buying
-1M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
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 |
|---|---|---|---|---|
| Jingbo Wang | 68,191,010 | 20.80% | 13G (passive) amendment | Dec 31, 2023 |
| Yuanshan Guo | 6,719,722 | 10.52% | 13G (passive) amendment | Dec 31, 2023 |
| FIL Limited | 33,476,330 | 9.90% | 13G (passive) amendment | Mar 31, 2026 |
| Chia-Yue Chang | 20,388,835 | 6.20% | 13G (passive) amendment | Dec 31, 2023 |
| Yin Investment Co., Ltd. | 16,659,590 | 5.10% | 13G (passive) amendment | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of NOAH | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| FIL Ltd | 6,736,780 | 2.01% | $67.30M | +41,514 | 0.05% |
| Yiheng Capital Management, L.P. | 6,717,351 | 2.00% | $67.11M | – | 23.04% |
| Franklin Resources Inc | 2,018,142 | 0.60% | $20.16M | +50,599 | 0.00% |
| Tiger Pacific Capital LP | 1,880,865 | 0.56% | $18.79M | – | 8.61% |
| BlackRock, Inc. | 1,205,058 | 0.36% | $12.04M | −37,901 | 0.00% |
| Platinum Investment Management Ltd | 993,612 | 0.30% | $9.93M | – | 2.44% |
| Davis Selected Advisers | 964,486 | 0.29% | $9.64M | −57,099 | 0.04% |
| Acadian Asset Management LLC | 632,536 | 0.19% | $6.30K | −114,400 | 0.01% |
| Prescott Group Capital Management, L.L.C. | 444,967 | 0.13% | $4.45M | – | 0.38% |
| Nuveen, LLC | 437,975 | 0.13% | $4.38M | −5,725 | 0.00% |
| Dimensional Fund Advisors LP | 382,663 | 0.11% | $3.82M | −85,847 | 0.00% |
| State Street Corp | 322,218 | 0.10% | $3.22M | +8,948 | 0.00% |
| UBS Group AG | 180,390 | 0.05% | $1.80M | −523,828 | 0.00% |
| American Century Companies Inc | 160,717 | 0.05% | $1.61M | +3,408 | 0.00% |
| Credit Agricole S A | 131,500 | 0.04% | $1.31M | – | 0.00% |
| Renaissance Technologies LLC | 104,255 | 0.03% | $1.04M | +8,755 | 0.00% |
| Citadel Advisors LLC | 87,700 | 0.03% | $876.12K | +57,039 | 0.00% |
| Connor, Clark & Lunn Investment Management Ltd. | 79,280 | 0.02% | $792.01K | −17,992 | 0.00% |
| Northern Trust Corp | 73,495 | 0.02% | $734.22K | +9,825 | 0.00% |
| Morgan Stanley | 69,156 | 0.02% | $690.88K | −26,859 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 88 | 25M | 7.4% | 14 / 20 | 32 / 12 | 0M | 1M |
| Q1 2026 | 87 | 26M | 7.6% | 15 / 22 | 33 / 16 | 1M | 2M |
| Q4 2025 | 88 | 26M | 7.9% | 14 / 36 | 21 / 9 | 2M | 2M |
| Q3 2025 | 85 | 26M | 7.9% | 23 / 26 | 18 / 4 | 3M | 4M |
| Q2 2025 | 66 | 28M | 8.3% | 9 / 24 | 21 / 14 | 3M | 2M |
| Q1 2025 | 74 | 27M | 8.1% | 9 / 27 | 24 / 8 | 1M | 1M |
| Q4 2024 | 75 | 27M | 8.1% | 15 / 31 | 17 / 12 | 2M | 1M |
| Q3 2024 | 72 | 26M | 7.9% | 18 / 18 | 18 / 15 | 3M | 3M |
| Q2 2024 | 72 | 27M | 8.1% | 12 / 17 | 30 / 19 | 3M | 3M |
| Q1 2024 | 79 | 27M | 8.2% | 17 / 26 | 18 / 7 | 2M | 2M |
| Q4 2023 | 69 | 28M | 8.2% | 7 / 1 | 61 / 9 | 0M | 247M |
| Q3 2023 | 71 | 275M | 82.0% | 9 / 16 | 33 / 3 | 7M | 6M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of NOAH | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core MSCI Emerging Markets ETF | 492,130 | 0.15% | $5.20M | 0.00% | May 31, 2026 |
| Templeton Emerging Markets Small Cap Fund | 320,560 | 0.10% | $3.39M | 1.07% | May 31, 2026 |
| College Retirement Equities Fund - Total Global Stock Account | 303,791 | 0.09% | $3.03M | 0.00% | Jun 30, 2026 |
| Davis International Fund | 201,476 | 0.06% | $1.70M | 0.63% | Jul 31, 2026 |
| Nuveen Quant International Small Cap Equity Fund | 134,184 | 0.04% | $1.13M | 0.08% | Jul 31, 2026 |
| Avantis Emerging Markets Equity ETF | 126,390 | 0.04% | $1.34M | 0.01% | May 31, 2026 |
| Dimensional Emerging Markets Value Fund | 67,929 | 0.02% | $574.00K | 0.00% | Jul 31, 2026 |
| Emerging Markets Core Equity 2 Portfolio | 65,324 | 0.02% | $551.99K | 0.00% | Jul 31, 2026 |
| iShares Core MSCI Total International Stock ETF | 60,142 | 0.02% | $508.20K | 0.00% | Jul 31, 2026 |
| The Emerging Markets Small Cap Series | 50,825 | 0.02% | $429.47K | 0.01% | Jul 31, 2026 |
| Fidelity Total International Index Fund | 35,299 | 0.01% | $298.28K | 0.00% | Jul 31, 2026 |
| State Street(R) SPDR(R) Portfolio Emerging Markets ETF | 27,831 | 0.01% | $278.03K | 0.00% | Jun 30, 2026 |
| Invesco Golden Dragon China ETF | 25,571 | 0.01% | $216.07K | 0.22% | Jul 31, 2026 |
| ActivePassive International Equity ETF | 18,619 | 0.01% | $196.80K | 0.02% | May 31, 2026 |
| Emerging Markets Social Core Equity Portfolio | 18,006 | 0.01% | $152.15K | 0.01% | 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 | % of shares | Latest filing |
|---|---|---|---|---|
| Zhe Yin | CHIEF EXECUTIVE OFFICER, Director | 17,205,335 | 5.13% | Jun 30, 2026 |
| Qing Pan | CHIEF FINANCIAL OFFICER | 928,520 | 0.28% | Jun 30, 2026 |
| Tianjing Zhang | Director | – | – | Aug 31, 2026 |
| Jingbo (Norah) Wang | Director, 10% owner | 68,736,755 | 20.50% | Jun 30, 2026 |
| Chia-Yue Chang | Director | 20,263,835 | 6.04% | Mar 16, 2026 |
| Cynthia Jinhong Meng | Director | – | – | Mar 16, 2026 |
| Xiangrong Li | Director | – | – | Mar 16, 2026 |
| David Zhang | Director | – | – | Mar 16, 2026 |
| May Yihong Wu | Director | 180,000 | 0.05% | Mar 16, 2026 |
| Boquan He | Director | 16,398,720 | 4.89% | Mar 16, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Qing Pan CHIEF FINANCIAL OFFICER | Jun 29, 2026 | Option exercise | +1,095 | – | – | 928,520 |
| Jingbo (Norah) Wang Director, 10% owner | Jun 29, 2026 | Option exercise | +765 | – | – | 68,736,755 |
| Zhe Yin CHIEF EXECUTIVE OFFICER, Director | Jun 29, 2026 | Option exercise | +765 | – | – | 17,205,335 |
| Qing Pan CHIEF FINANCIAL OFFICER | May 29, 2026 | Option exercise | +1,035 | – | – | 927,425 |
| Jingbo (Norah) Wang Director, 10% owner | May 29, 2026 | Option exercise | +740 | – | – | 68,735,990 |
| Zhe Yin CHIEF EXECUTIVE OFFICER, Director | May 29, 2026 | Option exercise | +740 | – | – | 17,204,570 |
| Qing Pan CHIEF FINANCIAL OFFICER | Apr 29, 2026 | Option exercise | +1,035 | – | – | 926,390 |
| Zhe Yin CHIEF EXECUTIVE OFFICER, Director | Apr 29, 2026 | Option exercise | +740 | – | – | 17,203,830 |
| Jingbo (Norah) Wang Director, 10% owner | Apr 29, 2026 | Option exercise | +740 | – | – | 68,735,250 |
| Jingbo (Norah) Wang Director, 10% owner | Mar 31, 2026 | Option exercise | +75,000 | – | – | 68,734,510 |
| Jingbo (Norah) Wang Director, 10% owner | Mar 31, 2026 | Option exercise | +125,000 | – | – | 68,659,510 |
| Jingbo (Norah) Wang Director, 10% owner | Mar 31, 2026 | Option exercise | +740 | – | – | 68,534,510 |
| Zhe Yin CHIEF EXECUTIVE OFFICER, Director | Mar 31, 2026 | Option exercise | +75,000 | – | – | 17,203,090 |
| Zhe Yin CHIEF EXECUTIVE OFFICER, Director | Mar 31, 2026 | Option exercise | +125,000 | – | – | 17,128,090 |
| Zhe Yin CHIEF EXECUTIVE OFFICER, Director | Mar 31, 2026 | Option exercise | +740 | – | – | 17,003,090 |
| Qing Pan CHIEF FINANCIAL OFFICER | Mar 31, 2026 | Option exercise | +225,230 | – | – | 925,355 |
| Qing Pan CHIEF FINANCIAL OFFICER | Mar 31, 2026 | Option exercise | +1,035 | – | – | 700,125 |
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 |
|---|---|---|---|---|---|
| Yihong Wu May Director | Sep 23, 2026 | 16,000 | $131.36K | Sep 24, 2026 | Stock option exercised and restricted shares grants vested under Share Incentive Plan of Noah Holdings Limited |
| Jia Investment Co., Ltd Director, 5% shareholder | Jun 20, 2025 | 100,000 | $1.24M | Jun 23, 2025 | Acquired before the initial public offering |
| HongShan Capital I, L.P. Affiliate | Dec 26, 2024 | 145,591 | $1.75M | Dec 24, 2024 | Direct Investment |
| HongShan Capital Principals Fund I, L.P. Affiliate | Dec 26, 2024 | 22,534 | $270.41K | Dec 24, 2024 | Direct Investment |
| HongShan Capital Partners Fund I, L.P. Affiliate | Dec 26, 2024 | 16,729 | $200.75K | Dec 24, 2024 | Direct Investment |
| HongShan Capital Principals Fund I, L.P. Affiliate | Dec 23, 2024 | 2,406 | $28.87K | Dec 23, 2024 | Direct Investment |
| HongShan Capital Partners Fund I, L.P. Affiliate | Dec 23, 2024 | 1,786 | $21.43K | Dec 23, 2024 | Direct Investment |
| HongShan Capital I, L.P. Affiliate | Dec 23, 2024 | 15,547 | $186.56K | Dec 23, 2024 | Direct Investment |
| HongShan Capital Partners Fund I, L.P. Affiliate | Dec 18, 2024 | 443 | $5.32K | Dec 18, 2024 | Direct Investment |
| HongShan Capital Principals Fund I, L.P. Affiliate | Dec 18, 2024 | 597 | $7.16K | Dec 18, 2024 | Direct Investment |
| HongShan Capital I, L.P. Affliate | Dec 18, 2024 | 3,860 | $46.32K | Dec 18, 2024 | Direct Investment |
| HongShan Capital Principals Fund I, L.P Affiliate | Dec 17, 2024 | 142 | $1.70K | Dec 17, 2024 | Direct Investment |
| HongShan Capital I, L.P. Affiliate | Dec 17, 2024 | 921 | $11.05K | Dec 17, 2024 | Direct Investment |
| HongShan Capital Partners Fund I, L.P. Affiliate | Dec 17, 2024 | 106 | $1.27K | Dec 17, 2024 | Direct Investment |
| HongShan Capital Partners Fund I, L.P. Affiliate | Dec 13, 2024 | 3,625 | $43.50K | Dec 13, 2024 | Direct Investment |