SCHEDULE: FIL Limited Discloses 8.8% Stake in Noah Holdings
Beneficial Ownership Disclosure (Amendment)
FIL Limited and its affiliates have reported a beneficial ownership of 8.8% of Noah Holdings Ltd.'s common stock as of September 30, 2025.
Summary
- FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. collectively reported beneficial ownership of 29,765,245 shares of Noah Holdings Ltd. common stock.
- This represents 8.8% of the total class of securities.
- The event requiring this filing occurred on September 30, 2025.
- FIL Limited holds sole voting power over 28,188,850 shares and sole dispositive power over 29,765,245 shares.
- Pandanus Partners, L.P. and Pandanus Associates, Inc. each hold sole dispositive power over 29,765,245 shares.
- The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Noah Holdings Ltd.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of beneficial ownership, indicating a significant but stable institutional stake. It does not contain information that would inherently suggest a positive or negative sentiment towards the issuer's performance or future prospects.
Future Outlook
NA
Management Comments
- The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
- One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of NOAH HLDGS LTD. No one other person's interest in the COMMON STOCK of NOAH HLDGS LTD is more than five percent of the total outstanding COMMON STOCK.
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and liquidity.
Key Dates
| Date | Description |
|---|---|
| 12/19/2022 | Effective date of the Power of Attorney for Stephanie J. Brown, authorizing her to sign on behalf of the reporting persons. |
| 01/31/2023 | Date of previous Schedule 13G filing by FIL Limited, where the Power of Attorney (Exhibit 24) was incorporated by reference. |
| 09/30/2025 | Date of event which requires filing of this statement, indicating the beneficial ownership percentage. |
| 11/04/2025 | Signature date for FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. on the Schedule 13G. |
Keywords
Noah Holdings Ltd, FIL Limited, Pandanus Partners, Pandanus Associates, Schedule 13G, beneficial ownership, common stock, institutional ownership, SEC filing, G6542K126
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