Hesai Group

HSAI • NASDAQ

Hesai Group is a auto - parts company in the consumer cyclical sector on NASDAQ, led by Yifan Li, with a market cap of $4.5B. As of Q3 2025, 31% of shares are held by 133 institutional investors, with FMR LLC as the largest holder at 6.34%.

CEOYifan Li

Market Cap$4.5B

Auto - Parts

Consumer Cyclical

Employees1.1K

Websitehesaitech.com

Overview

Overview of institutional ownership in HSAI as of Q3 2025 with a market cap of $4.4B

All Institutions

Institutions: 133
Value Held: $1.3B
Shares Held: 47.7M
Avg Position: $10.1M
Median Position: $1.1M

Hedge Funds

Hedge Funds: 19
Value Held: $61.0M
Shares Held: 2.2M
Avg Position: $3.2M
Median Position: $1.6M

Ownership Breakdown

Institutional (non-HF)

29.14%

$1.3B

Hedge Funds

1.39%

$61.0M

Retail & Other

69.47%

$3.0B

Based on market cap of $4.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in HSAI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
FMR LLC Institution	-	$278.1M 0.01% of portfolio	6.34% 9.9M shares	Q2 2025 Held for 6 months	$1.92T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$114.6M 0.00% of portfolio	2.61% 4.1M shares	Q1 2025 Held for 9 months	$6.69T
A Allianz Asset Management AG Institution	-	$72.9M 0.09% of portfolio	1.66% 2.6M shares	Q1 2025 Held for 9 months	$80.9B
D D. E. Shaw & Co., Inc. Institution	-	$66.6M 0.06% of portfolio	1.52% 2.4M shares	Q4 2024 Held for 1 year	$115.81B
F FIL Ltd Institution	-	$66.2M 0.05% of portfolio	1.51% 2.4M shares	Q1 2023 Held for 2y 9m	$127.75B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$55.8M 0.01% of portfolio	1.27% 2.0M shares	Q4 2023 Held for 2 years	$691.37B
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$52.0M 0.01% of portfolio	1.18% 1.9M shares	Q2 2025 Held for 6 months	$571.21B
N NATIONAL BANK OF CANADA /FI/ Institution	-	$41.6M 0.05% of portfolio	0.95% 1.5M shares	Q1 2025 Held for 9 months	$88.3B
O Oxbow Capital Management Ltd Institution	-	$41.6M 6.80% of portfolio	0.95% 1.5M shares	Q1 2025 Held for 9 months	$611.7M
S Standard Life Aberdeen plc Institution	-	$38.2M 0.06% of portfolio	0.87% 1.4M shares	Q3 2025 Held for 3 months	$63.2B

Net Capital Flow

Institutional buying and selling activity for HSAI in Q3 2025

Traded: +$120.5M
Buyers: 97
Sellers: 54
Total Bought: +$438.7M
Total Sold: −$318.3M
Avg Position: $8.5M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$125.1M +4.5M shares	$278.1M 9.9M shares
S Standard Life Aberdeen plc Institution	+$38.2M +1.4M shares	$38.2M 1.4M shares
C CAM Group Holding A/S Institution	+$22.9M +815.1K shares	$22.9M 815.1K shares
N NATIONAL BANK OF CANADA /FI/ Institution	+$21.7M +770.8K shares	$41.6M 1.5M shares
UBS Group AG Institution	+$18.0M +642.1K shares	$25.8M 918.9K shares
VANGUARD GROUP INC Institution	+$17.7M +629.7K shares	$114.6M 4.1M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$17.0M +606.1K shares	$17.0M 606.1K shares
A Allianz Asset Management AG Institution	+$16.4M +584.5K shares	$72.9M 2.6M shares
R ROBECOSAM AG Institution	+$14.1M +501.0K shares	$24.8M 881.0K shares
Q Qube Research & Technologies Ltd Institution	+$13.2M +470.1K shares	$13.7M 486.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
JPMORGAN CHASE & CO Institution	−$33.4M −1.2M shares	$19.6M 698.5K shares
S S.A.C. Capital Advisors Ltd. Institution	−$28.1M −1.3M shares	Sold Off 0 shares
CITIGROUP INC Institution	−$27.7M −986.9K shares	$30.4M 1.1M shares
Polunin Capital Partners Ltd Hedge Fund•Long/Short	−$25.9M −1.2M shares	Sold Off 0 shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$20.8M −948.5K shares	Sold Off 0 shares
Trivest Advisors Ltd Institution	−$17.8M −809.5K shares	Sold Off 0 shares
F FIL Ltd Institution	−$15.8M −561.9K shares	$66.2M 2.4M shares
MORGAN STANLEY RIA/Wealth	−$14.7M −522.6K shares	$29.7M 1.1M shares
BARCLAYS PLC Institution	−$12.7M −580.8K shares	Sold Off 0 shares
Marshall Wace LLP Institution	−$12.6M −574.7K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 40
New Value: $126.0M
Exited Positions: 25
Exited Value: $186.3M

New Positions

Institution	Position Value
S Standard Life Aberdeen plc Institution	$38.2M 1.4M shares
C CAM Group Holding A/S Institution	$22.9M 815.1K shares
Ardmore Road Asset Management LP Hedge Fund•Long/Short	$12.6M 450.0K shares
LORD, ABBETT & CO. LLC Long Only Manager	$11.9M 425.0K shares
HENDERSON GROUP PLC Institution	$4.8M 171.4K shares
Pictet Asset Management Holding SA Long Only Manager	$4.8M 170.3K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	$3.2M 113.6K shares
F Fosun International Ltd Institution	$3.1M 111.6K shares
E Evergreen Quality Fund GP, Ltd. Institution	$2.8M 100.0K shares
L Long Corridor Asset Management Ltd Institution	$2.8M 100.0K shares

Exited Positions

Institution	Previous Position
S S.A.C. Capital Advisors Ltd. Institution	$28.1M 1.3M shares
Polunin Capital Partners Ltd Hedge Fund•Long/Short	$25.9M 1.2M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$20.8M 948.5K shares
Trivest Advisors Ltd Institution	$17.8M 809.5K shares
BARCLAYS PLC Institution	$12.7M 580.8K shares
Marshall Wace LLP Institution	$12.6M 574.7K shares
Veritas Asset Management LLP Long Only Manager	$11.0M 500.6K shares
G GF FUND MANAGEMENT CO. LTD. Institution	$10.3M 467.3K shares
M MY.Alpha Management HK Advisors Ltd Institution	$9.4M 427.5K shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	$9.2M 421.1K shares

Options Activity

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

Call Positions: 10
Call Value: $27.5M
Put Positions: 8
Put Value: $24.7M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$15.2M 5.4K contracts
P PEAK6 LLC Institution	$3.5M 1.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.9M 1.0K contracts
J JANE STREET GROUP, LLC Institution	$2.8M 1.0K contracts
C Cubist Systematic Strategies, LLC Institution	$1.4M 511.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.2M 423.0 contracts
D D. E. Shaw & Co., Inc. Institution	$399.0K 142.0 contracts
Walleye Trading LLC RIA/Wealth	$81.5K 29.0 contracts
B Belvedere Trading LLC Institution	- - contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$12.2M 4.3K contracts
J JANE STREET GROUP, LLC Institution	$4.1M 1.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.1M 1.5K contracts
GOLDMAN SACHS GROUP INC Institution	$2.4M 855.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.3M 480.0 contracts
C Cubist Systematic Strategies, LLC Institution	$272.6K 97.0 contracts
Walleye Trading LLC RIA/Wealth	$269.8K 96.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
O Oxbow Capital Management Ltd Institution	-	6.80% $41.6M	0.95% 1.5M shares	Q1 2025 Held for 9 months	$611.7M
A Arrowpoint Investment Partners Pte. Ltd. Institution	-	2.75% $1.8M	0.04% 65.7K shares	Q3 2025 Held for 3 months	$67.2M
L Long Corridor Asset Management Ltd Institution	-	1.42% $2.8M	0.06% 100.0K shares	Q3 2025 Held for 3 months	$197.9M
F Fosun International Ltd Institution	-	1.18% $3.1M	0.07% 111.6K shares	Q3 2025 Held for 3 months	$265.6M
Aristides Capital LLC Real Assets	Marc Jeffrey Rowan CEO	1.03% $3.4M	0.08% 121.4K shares	Q2 2025 Held for 6 months	$331.2M
P Persistent Asset Partners Ltd Institution	-	0.89% $1.2M	0.03% 43.2K shares	Q3 2025 Held for 3 months	$137.1M
Ardmore Road Asset Management LP Hedge Fund•Long/Short	Christopher David Connor CIO	0.87% $12.6M	0.29% 450.0K shares	Q3 2025 Held for 3 months	$1.4B
Ghisallo Capital Management LLC Hedge Fund•Multi-Strategy	Michael Walter Germino CEO	0.81% $14.1M	0.32% 500.0K shares	Q2 2025 Held for 6 months	$1.7B
Eschler Asset Management LLP Hedge Fund•Long/Short	Theron De Ris Member	0.68% $862.7K	0.02% 30.7K shares	Q2 2025 Held for 6 months	$126.7M
R ROBECOSAM AG Institution	-	0.56% $24.8M	0.56% 881.0K shares	Q2 2025 Held for 6 months	$4.4B

Hedge Fund Spotlight

Discover hedge funds investing in HSAI

Electron Capital Partners, LLC

Hedge Fund • Long/Short

Portfolio ManagerRan Nmn Zhou

Portfolio Value: $2.2B
Positions: 37
Last Reported: Q3 2025

Sector Allocation

Position in Hesai Group

Market Value: $1.8M
Shares Held: 63.6K
Portfolio Weight: 0.08%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Constellation Energy CEG	Renewable Utilities Utilities	$191.9M	8.69%
2 MasTec MTZ	Engineering & Construction Industrials	$174.3M	7.90%
3 Nextra Energy NEE	Regulated Electric Utilities	$148.5M	6.73%