Coupang

CPNG • NYSE

Coupang is a specialty retail company in the consumer cyclical sector on NYSE, led by Hyung Jin Kim, with a market cap of $49.4B. As of Q3 2025, 76% of shares are held by 659 institutional investors, with SB INVESTMENT ADVISERS LTD as the largest holder at 15.88%.

CEOHyung Jin Kim

Market Cap$49.4B

Specialty Retail

Consumer Cyclical

Employees78.0K

Websiteaboutcoupang.com

Country

United States of America

Overview

Overview of institutional ownership in CPNG as of Q3 2025 with a market cap of $58.7B

All Institutions

Institutions: 659
Value Held: $44.8B
Shares Held: 1.39B
Avg Position: $68.0M
Median Position: $1.1M

Hedge Funds

Hedge Funds: 91
Value Held: $6.7B
Shares Held: 206.6M
Avg Position: $73.1M
Median Position: $9.8M

Ownership Breakdown

Institutional (non-HF)

64.99%

$38.2B

Hedge Funds

11.33%

$6.7B

Retail & Other

23.67%

$13.9B

Based on market cap of $58.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CPNG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
S SB INVESTMENT ADVISERS LTD Institution	-	$9.3B 70.39% of portfolio	15.88% 289.5M shares	Q1 2021 Held for 4y 8m	$13.2B
B BAILLIE GIFFORD & CO Institution	-	$4.8B 3.59% of portfolio	8.25% 150.4M shares	Q1 2021 Held for 4y 8m	$134.80B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$2.2B 0.13% of portfolio	3.73% 68.1M shares	Q1 2021 Held for 4y 8m	$1.65T
B BlackRock, Inc. Institution	-	$2.1B 0.04% of portfolio	3.52% 64.2M shares	Q1 2021 Held for 4y 8m	$5.67T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$2.0B 0.22% of portfolio	3.37% 61.4M shares	Q1 2021 Held for 4y 8m	$912.31B
WCM INVESTMENT MANAGEMENT/CA Long Only Manager	Mike Brady Trigg CEO	$1.6B 3.35% of portfolio	2.69% 49.0M shares	Q3 2021 Held for 4y 2m	$48.1B
DODGE & COX Long Only Manager	Dana Morton Emery CEO	$1.5B 0.82% of portfolio	2.58% 46.9M shares	Q2 2024 Held for 1y 5m	$185.33B
FMR LLC Institution	-	$1.1B 0.06% of portfolio	1.92% 35.0M shares	Q1 2021 Held for 4y 8m	$1.92T
C Capital International Investors Institution	-	$1.1B 0.18% of portfolio	1.87% 34.2M shares	Q3 2021 Held for 4y 2m	$615.90B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$920.8M 0.01% of portfolio	1.57% 28.6M shares	Q1 2022 Held for 3y 8m	$6.69T

Net Capital Flow

Institutional buying and selling activity for CPNG in Q3 2025

Net Flow: +$820.2M
Buyers: 263
Sellers: 295
Total Bought: +$4.6B
Total Sold: −$3.8B
Avg Position: $68.2M

Biggest Buyers

Institution	Net Bought	Current Position
B BlackRock, Inc. Institution	+$921.2M +28.6M shares	$2.1B 64.2M shares
VANGUARD GROUP INC Institution	+$713.1M +22.1M shares	$920.8M 28.6M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$475.5M +14.8M shares	$729.2M 22.6M shares
Marshall Wace LLP Institution	+$238.0M +7.4M shares	$442.8M 13.8M shares
JPMORGAN CHASE & CO Institution	+$227.9M +7.1M shares	$603.3M 18.7M shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$186.6M +5.8M shares	$225.1M 7.0M shares
B Bain Capital Public Equity Management II, LLC Institution	+$126.7M +3.9M shares	$167.0M 5.2M shares
BANK OF AMERICA CORP /DE/ Institution	+$110.8M +3.4M shares	$177.4M 5.5M shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	+$107.7M +3.3M shares	$150.9M 4.7M shares
STATE STREET CORP Institution	+$107.0M +3.3M shares	$610.7M 19.0M shares

Biggest Sellers

Institution	Net Sold	Current Position
S SB INVESTMENT ADVISERS LTD Institution	−$644.0M −20.0M shares	$9.3B 289.5M shares
SCHF , LLC Fund of Funds	−$362.7M −12.1M shares	Sold Off 0 shares
B BAILLIE GIFFORD & CO Institution	−$338.7M −10.5M shares	$4.8B 150.4M shares
SCGE MANAGEMENT, L.P. Hedge Fund•Long/Short	−$232.7M −7.8M shares	Sold Off 0 shares
Dragoneer Investment Group, LLC Hedge Fund•Long/Short	−$200.5M −6.2M shares	$472.2M 14.7M shares
DAVIS SELECTED ADVISERS Long Only Manager	−$172.4M −5.8M shares	Sold Off 0 shares
M MASSACHUSETTS INSTITUTE OF TECHNOLOGY Institution	−$123.8M −3.8M shares	$619.3M 19.2M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$99.3M −3.1M shares	$2.0B 61.4M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$94.1M −2.9M shares	$34.1M 1.1M shares
W Whale Rock Capital Management LLC Hedge Fund•Long/Short	−$89.7M −2.8M shares	$24.8M 770.8K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CPNG in Q3 2025

New Positions: 56
New Value: $156.4M
Exited Positions: 75
Exited Value: $1.1B

New Positions

Institution	Position Value
Castle Hook Partners LP Hedge Fund•Global Macro	$103.0M 3.2M shares
Aubrey Capital Management Ltd Long Only Manager	$15.1M 470.0K shares
C Capitolis Liquid Global Markets LLC Private Equity	$7.5M 234.3K shares
Voleon Capital Management LP Hedge Fund•Quant	$5.0M 154.6K shares
W Whitford Management LLC Institution	$3.1M 95.1K shares
U UNIVERSITY OF TEXAS INVESTMENT MANAGMENT CO Institution	$2.8M 88.1K shares
Canada Post Corp Registered Pension Plan Private Equity	$2.2M 67.5K shares
T TRB Advisors LP Institution	$1.9M 57.9K shares
I INCEPTIONR LLC Hedge Fund•Quant	$1.7M 51.7K shares
SummitTX Capital, L.P. Hedge Fund•Multi-Strategy	$1.6M 49.4K shares

Exited Positions

Institution	Previous Position
SCHF , LLC Fund of Funds	$362.7M 12.1M shares
SCGE MANAGEMENT, L.P. Hedge Fund•Long/Short	$232.7M 7.8M shares
DAVIS SELECTED ADVISERS Long Only Manager	$172.4M 5.8M shares
C Capital World Investors Institution	$81.9M 2.7M shares
S STEADFAST CAPITAL MANAGEMENT LP Hedge Fund•Long/Short	$45.9M 1.5M shares
Luxor Capital Group, LP Hedge Fund•Multi-Strategy	$35.7M 1.2M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$33.1M 1.1M shares
C Cubist Systematic Strategies, LLC Institution	$26.6M 886.2K shares
L LTS One Management LP Institution	$17.2M 575.0K shares
Veritas Asset Management LLP Long Only Manager	$15.4M 513.1K shares

Options Activity

Institutions with the largest Call and Put options positions in CPNG as of Q3 2025

Call Positions: 36
Call Value: $727.6M
Put Positions: 30
Put Value: $257.0M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$157.7M 49.0K contracts
Luxor Capital Group, LP Hedge Fund•Multi-Strategy	$96.1M 29.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$73.6M 22.8K contracts
J JANE STREET GROUP, LLC Institution	$64.3M 20.0K contracts
P PEAK6 LLC Institution	$58.9M 18.3K contracts
Walleye Trading LLC RIA/Wealth	$39.5M 12.3K contracts
GOLDMAN SACHS GROUP INC Institution	$35.0M 10.9K contracts
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$28.0M 8.7K contracts
W WOLVERINE TRADING, LLC Institution	$24.6M 7.5K contracts
M MAPLELANE CAPITAL, LLC Hedge Fund•Long/Short	$22.5M 7.0K contracts

Put Positions

Institution	Position Value
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$50.8M 15.8K contracts
GOLDMAN SACHS GROUP INC Institution	$45.4M 14.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$26.8M 8.3K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$25.0M 7.8K contracts
Walleye Trading LLC RIA/Wealth	$20.4M 6.3K contracts
J JANE STREET GROUP, LLC Institution	$13.9M 4.3K contracts
CITIGROUP INC Institution	$12.0M 3.7K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$9.1M 2.8K contracts
P PEAK6 LLC Institution	$8.0M 2.5K contracts
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$7.6M 2.4K contracts

Most Committed Institutions

Institutions with CPNG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S SB INVESTMENT ADVISERS LTD Institution	-	70.39% $9.3B	15.88% 289.5M shares	Q1 2021 Held for 4y 8m	$13.2B
W Wolfswood Holdings, LLC Institution	-	66.54% $4.0M	0.01% 125.0K shares	Q1 2021 Held for 4y 8m	$6.0M
M MASSACHUSETTS INSTITUTE OF TECHNOLOGY Institution	-	64.28% $619.3M	1.06% 19.2M shares	Q4 2021 Held for 3y 11m	$963.5M
T Tree Line Advisors Ltd. Hedge Fund•Growth	Robert Alexander Young Herries COO	31.14% $106.3M	0.18% 3.3M shares	Q3 2023 Held for 2y 2m	$341.2M
B Belfer Management LLC Institution	-	25.10% $1.8M	0.00% 56.1K shares	Q3 2022 Held for 3y 2m	$7.2M
LONG WALK MANAGEMENT LP Hedge Fund•Value	James Alexander Zimmerman CEO	19.10% $94.5M	0.16% 2.9M shares	Q3 2024 Held for 1y 2m	$494.8M
T TFJ Management, LLC Hedge Fund•Long/Short	Matthew Lawrence Fisher Managing Partner	16.93% $25.1M	0.04% 780.6K shares	Q4 2024 Held for 11 months	$148.4M
GREENOAKS CAPITAL PARTNERS LLC Venture Capital	Benjamin Scott Peretz Managing Partner	16.15% $495.2M	0.84% 15.4M shares	Q1 2021 Held for 4y 8m	$3.1B
HMI Capital, LLC Hedge Fund•Value	Justin Carr Nyweide CIO	15.85% $274.6M	0.47% 8.5M shares	Q4 2023 Held for 1y 11m	$1.7B
Whitebark Investors LP Hedge Fund•Long/Short	Thomas Endel Mcconnon CIO	14.14% $29.7M	0.05% 922.4K shares	Q4 2024 Held for 11 months	$210.0M

Hedge Fund Spotlight

Discover hedge funds investing in CPNG

ARROWSTREET CAPITAL LIMITED PARTNERSHIP

Hedge Fund • Quant

Portfolio ManagerAnthony Ryan

Portfolio Value: $158.92B
Positions: 1,827
Last Reported: Q3 2025

Sector Allocation

Position in Coupang

Market Value: $153.9M
Shares Held: 4.8M
Portfolio Weight: 0.10%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Apple AAPL	Consumer Electronics Technology	$7.2B	4.51%
2 Microsoft MSFT	Software - Infrastructure Technology	$6.5B	4.11%
3 Nvidia NVDA	Semiconductors Technology	$4.8B	3.02%