NTES β€” NETEASE INC

Ownership history in Orbis Allan Gray Ltd  Β·  40 quarters on record

This page tracks every 13F SEC filing in which Orbis Allan Gray Ltd reported a position in NETEASE INC (NTES). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
20.46% (2020 Q1)
πŸ“Š Avg. % of fund
8.09%
πŸ“… First filed
2016 Q1
πŸ“… Last filed
2025 Q4
⏱ Quarters held
40

Position Intelligence

Orbis Allan Gray Ltd Γ— NTES AI Analytics

πŸ“ˆ Orbis Allan Gray Ltd outperformed the S&P 500 by +7.3% annually on this NTES position. Timing score: 36% (14/39 decisions correct). Average cost basis: $62.33. Maximum drawdown during holding period: –35.5%.

πŸ“ˆ Position Alpha vs SPY
+7.3%
annualised excess return

πŸ”₯ Exceptional β€” beat the S&P 500 by 7.3% per year on this position.
39 quarters analyzed

⏱️ Timing Score
36%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
14 of 39 add/trim decisions correct

πŸ’° Entry Quality
$62.33
+118.6% vs current ($136.26)

Best entry: $23.99 (2016 Q1)  Β·  Worst: $149.88 (2025 Q3)

πŸ›‘οΈ Drawdown Resilience
–35.5%
max drawdown while held

πŸ’ͺ Held through 2 major drawdowns (>20%).

πŸ’ͺ Fund Conviction
45%
buy-side decisions

18 adds Β· 22 trims. Bought during 8 of 14 down-price quarters. πŸ“‰ Predominantly trimming β€” distribution phase.

πŸ“‘ Position Trajectory
↑ Growing
last 4–5 quarters trend

πŸ“ˆ Orbis Allan Gray Ltd has been actively increasing its NTES allocation β€” a bullish signal from insiders.
Currently 1.95% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    NTES price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 REDUCED 3,389,449 -768,031 -18.5% 1.95% $466.5M $136.26
2025 Q3 ADDED 4,157,480 +650,266 +18.5% 2.71% $631.9M $149.88
2025 Q2 REDUCED 3,507,214 -157,759 -4.3% 2.30% $472.0M $132.15
2025 Q1 REDUCED 3,664,973 -366,980 -9.1% 2.16% $377.2M $100.51
2024 Q4 ADDED 4,031,953 +550,741 +15.8% 1.94% $359.7M $86.09
2024 Q3 ADDED 3,481,212 +1,574,067 +82.5% 1.72% $325.5M $89.79
2024 Q2 ADDED 1,907,145 +355,965 +22.9% 1.14% $182.3M $91.27
2024 Q1 ADDED 1,551,180 +10,443 +0.7% 0.96% $160.5M $98.28
2023 Q4 REDUCED 1,540,737 -83,396 -5.1% 0.90% $143.5M $87.61
2023 Q3 REDUCED 1,624,133 -267,439 -14.1% 1.17% $162.7M $93.78
30 older quarters hidden  β€”  Sign in free or upgrade to Premium to see full history
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