KE Holdings (BEKE)

• Market cap: $27.1B
• 1 day: -4.18%
• 5 days: -7.84%
• 1 month: 9.36%
• 3 months: 11.70%
• 6 months: 65.12%
• Year to date: 25.64%
• 1 year: 54.76%
• 5 years: -40.06%
• 10 years: -40.06%
• Sector: Real Estate
• Industry: Real Estate Agents & Managers (For Others)

About: KE Holdings, or Beike, is a large residential real estate sales and rental brokerage company in China. Founded in 2001, the company operates through self-owned Lianjia stores in Beijing and Shanghai and connected third-party agencies including franchise brand Deyou in other cities, with commissions charged on existing-home and new-home transactions. Leveraging an online-offline hybrid model, Beike also attract clients through its namesake online marketplace. The company tapped into home renovation services by acquiring Shengdu Home Decoration in 2022. As of the end of 2023, Beike's cofounders collectively control the company, while Tencent and its affiliates share 8% of voting power.

Employees: 116,344

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

65% more call options, than puts

Call options by funds: $552M | Put options by funds: $335M

36% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 45

4% more funds holding

Funds holding: 280 [Q3] → 291 (+11) [Q4]

4% more funds holding in top 10

Funds holding in top 10: 26 [Q3] → 27 (+1) [Q4]

6% more repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 100

0.24% more ownership

Funds ownership: 13.54% [Q3] → 13.78% (+0.24%) [Q4]

6% less capital invested

Capital invested by funds: $9.42B [Q3] → $8.83B (-$591M) [Q4]