SYNasdaqServices-Computer Processing & Data PreparationFiscal year ends December 31
So-Young International Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 23, 2026
$2.25−0.02 (-0.88%)
Close on Oct 19, 2026
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
5.3%
8M of 154M shares
Institutional holders
25
3 new, 8 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 |
|---|---|---|---|---|
| MPC GPGP III Ltd. (f/k/a Matrix China III GP GP Ltd.) | 9,435,763 | 10.40% | 13G (passive) amendment | Jun 30, 2025 |
| TB Alternative Assets Ltd | 8,237,774 | 10.54% | 13G (passive) | Apr 8, 2019 |
| MPC Management III L.P. (f/k/a Matrix China Management III, L.P.) | 6,221,153 | 6.80% | 13G (passive) amendment | Sep 30, 2025 |
| Xing Jin | 19,263,707 | 24.90% | 13D (active) amendment | Mar 31, 2025 |
| Matrix China Management III, L.P. | 11,033,826 | – | 13G (passive) amendment | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of SY | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| TB Alternative Assets Ltd. | 3,067,873 | 1.99% | $4.54M | – | 0.73% |
| Morgan Stanley | 1,231,737 | 0.80% | $1.82M | −115,397 | 0.00% |
| Barclays PLC | 1,129,166 | 0.73% | $1.67M | – | 0.00% |
| Citigroup Inc | 1,035,309 | 0.67% | $1.53M | – | 0.00% |
| UBS Group AG | 446,553 | 0.29% | $660.90K | +250,408 | 0.00% |
| State Street Corp | 390,951 | 0.25% | $578.61K | −254,932 | 0.00% |
| Dimensional Fund Advisors LP | 226,670 | 0.15% | $335.47K | −6,866 | 0.00% |
| Jane Street Group, LLC | 112,001 | 0.07% | $165.76K | +96,131 | 0.00% |
| Nomura Holdings Inc | 107,200 | 0.07% | $158.66K | – | 0.00% |
| Hrt Financial LP | 77,754 | 0.05% | $115 | +55,123 | 0.00% |
| Geode Capital Management, LLC | 55,857 | 0.04% | $82.67K | – | 0.00% |
| Marshall Wace, Llp | 54,061 | 0.04% | $80.01K | New | 0.00% |
| Invesco Ltd. | 50,277 | 0.03% | $74.41K | −6,980 | 0.00% |
| Citadel Advisors LLC | 42,745 | 0.03% | $63.26K | New | 0.00% |
| Verition Fund Management LLC | 33,060 | 0.02% | $48.93K | – | 0.00% |
| Tower Research Capital LLC (TRC) | 27,763 | 0.02% | $41.09K | +12,356 | 0.00% |
| Bnp Paribas Arbitrage, Snc | 25,799 | 0.02% | $38.18K | −44,001 | 0.00% |
| Acadian Asset Management LLC | 25,056 | 0.02% | $36 | New | 0.00% |
| Simplex Trading, LLC | 21,430 | 0.01% | $31.72K | −4,837 | 0.00% |
| Two Sigma Investments, LP | 16,800 | 0.01% | $24.86K | +3,900 | 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 | 25 | 8M | 5.3% | 3 / 7 | 9 / 8 | 1M | 2M |
| Q1 2026 | 30 | 9M | 6.2% | 5 / 10 | 7 / 10 | 1M | 2M |
| Q4 2025 | 35 | 10M | 6.3% | 9 / 10 | 9 / 6 | 2M | 2M |
| Q3 2025 | 33 | 10M | 6.3% | 16 / 5 | 7 / 9 | 5M | 4M |
| Q2 2025 | 26 | 8M | 5.3% | 4 / 10 | 7 / 1 | 1M | 0M |
| Q1 2025 | 23 | 7M | 4.7% | 5 / 7 | 3 / 5 | 1M | 0M |
| Q4 2024 | 23 | 7M | 4.4% | 4 / 3 | 8 / 2 | 0M | 0M |
| Q3 2024 | 21 | 7M | 4.5% | 4 / 1 | 7 / 7 | 0M | 1M |
| Q2 2024 | 24 | 7M | 4.8% | 5 / 1 | 9 / 3 | 0M | 1M |
| Q1 2024 | 22 | 8M | 5.1% | 0 / 5 | 7 / 5 | 0M | 1M |
| Q4 2023 | 27 | 9M | 5.5% | 5 / 7 | 9 / 5 | 1M | 1M |
| Q3 2023 | 27 | 8M | 5.5% | 3 / 8 | 9 / 9 | 1M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of SY | Value | % of fund | As of |
|---|---|---|---|---|---|
| The Emerging Markets Small Cap Series | 92,288 | 0.06% | $169.81K | 0.00% | Jul 31, 2026 |
| Fidelity Nasdaq Composite Index Fund | 55,857 | 0.04% | $108.92K | 0.00% | May 31, 2026 |
| Invesco Golden Dragon China ETF | 49,509 | 0.03% | $91.10K | 0.09% | Jul 31, 2026 |
| State Street(R) SPDR(R) S&P(R) Emerging Markets Small Cap ETF | 29,782 | 0.02% | $44.08K | 0.01% | Jun 30, 2026 |
| Emerging Markets Social Core Equity Portfolio | 23,558 | 0.02% | $43.35K | 0.00% | Jul 31, 2026 |
| Emerging Markets Core Equity 2 Portfolio | 18,599 | 0.01% | $34.22K | 0.00% | Jul 31, 2026 |
| State Street(R) SPDR(R) S&P(R) China ETF | 13,369 | 0.01% | $19.79K | 0.00% | Jun 30, 2026 |
| Avantis Emerging Markets Small Cap Equity ETF | 1,474 | 0.00% | $2.87K | 0.00% | May 31, 2026 |
| Blackstone Alternative Multi-Strategy Fund | -3,500 | -0.00% | -$5.18K | -0.00% | Jun 30, 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 |
|---|---|---|---|---|
| Gefei Li | COO, Director | 69,229 | 0.04% | Sep 8, 2026 |
| Bei Wang | CMO, Director | 287,125 | 0.19% | Sep 8, 2026 |
| Xing Jin | CEO and interim CFO, Director, 10% owner | 20,312,512 | 13.17% | Mar 18, 2026 |
| Nan Shen | Director | – | – | Mar 18, 2026 |
| Chao He | Director | – | – | Mar 18, 2026 |
| Haipeng Zhang | Director | – | – | Mar 18, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Gefei Li COO, Director | Jun 15, 2026 | Option exercise | +23,076 | $0.01 | $231 | 69,229 |
| Bei Wang CMO, Director | Jun 10, 2026 | Option exercise | +30,260 | $0.01 | $303 | 141,940 |
| Gefei Li COO, Director | Mar 31, 2026 | Option exercise | +46,153 | $0.01 | $462 | 46,153 |
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 |
|---|---|---|---|---|---|
| Nick Zhao Hui Officer, Director | Dec 12, 2025 | 403,325 | $1.25M | Dec 12, 2025 | Share Incentive Plans |
| Yu Min Director | May 30, 2023 | 965,592 | $2.13M | May 30, 2023 | Share Incentive Plans |