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GDS in the 13F filings

GDS HLDGS LTD · CUSIP 36165L108

Sector · Software and IT servicesTheme · Internet, programming and data services
Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q2 2023Q1 2023
Quarter end
30 Sep 2025
the date the book describes
Filed
14 Nov 2025
latest of these filings; the earliest 13 Nov 2025
Managers listing it
6
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q2 2025 and Q3 2025; 3 listed it in both
Shares listed
12,527,952
combined, among listed positions
Reported value
$485m
combined, at the quarter end

Among the 95 comparable managers: 3 buyers (opened or added shares) and 2 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.

Managers listing GDS in Q3 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q2 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

6 of 6 holders

ActionFiling
Sachem Head Capital Management LP6,415,000$248m7.01%Trimmed-464,48514 Nov 2025 (the filing on sec.gov)
Baupost Group LLC3,249,952$126m2.63%Held013 Nov 2025 (the filing on sec.gov)
Marshall Wace LLP1,227,203$47munder 0.1%Addedn.a.13 Nov 2025 (the filing on sec.gov)
Discovery Capital Management LLC1,056,200$41m2.24%Newnew14 Nov 2025 (the filing on sec.gov)
Moore Capital Management LP335,040$13m0.18%Newnew14 Nov 2025 (the filing on sec.gov)
Light Street Capital Management LLC244,557$9.5m1.59%Trimmed-470,02514 Nov 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q2 2025 to Q3 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (2)

Exited (0)

No exit shown by a manager’s own filing.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
5 in Q3 2024 to 5 in Q2 2026

Tracked managers listing it, at least.

0510152017201820192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
GDS by quarter
QuarterHoldersReported valueBuyersSellers
Q4 20163$25mn.a.n.a.
Q1 20172$18mn.a.n.a.
Q2 20171$8.4mn.a.n.a.
Q3 20171$17mn.a.n.a.
Q4 20171$45mn.a.n.a.
Q1 20182$93mn.a.n.a.
Q2 20185$218mn.a.n.a.
Q3 20184$137mn.a.n.a.
Q4 20183$28mn.a.n.a.
Q1 20197$148mn.a.n.a.
Q2 20197$375mn.a.n.a.
Q3 201911$436mn.a.n.a.
Q4 201910$518mn.a.n.a.
Q1 202013$608mn.a.n.a.
Q2 202011$821mn.a.n.a.
Q3 20209$670mn.a.n.a.
Q4 20207$615mn.a.n.a.
Q1 20217$439mn.a.n.a.
Q2 20214$249mn.a.n.a.
Q3 20214$223mn.a.n.a.
Q4 20213$145mn.a.n.a.
Q1 20223$37mn.a.n.a.
Q2 20222$38mn.a.n.a.
Q3 20221$14mn.a.n.a.
Q4 20222$13mn.a.n.a.
Q1 20231$6.1mn.a.n.a.
Q2 20231$1.5mn.a.n.a.
Q1 20242$22m20
Q2 20243$61m30
Q3 20245$203m40
Q4 20246$187m23
Q1 20254$249m33
Q2 20253$332m21
Q3 20256$485m32
Q4 20256$578m1016
Q1 20268$699m158
Q2 20265$450m813

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

GDS and GOOGL →GDS and META →GDS and SPCX →Choose a stock to compare with GDS →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own GDS, latest filings →Back to the 13F Explorer →