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Signal dossier · Q4 2025

JD logoJD

JD.com · Technology

HoldLens verdict · single −100..+100 scale
BUY
+13
6Q BUY
on a signed +100 buy scale · WEAK BUY
1 tracked manager buying with 1 on a 6+ quarter streak. MODERATE signal.
Unified ConvictionScore · −100..+100
Smart money + insider + track record + trend + concentration + contrarian − dissent − crowding
+13
Buy component
+25
Dissent penalty
−12
Unanimity bonus
+10
Quality differential
-3
Info density
+7
Buyers / Sellers
1 / 2
ConvictionScore v5 · 9-layer breakdown
13F superinvestor moves + Form 4 insider trades + 8-K material events. The SEC Signals trilogy.
+13
Smart money (13F)
+7
Insider activity (Form 4)
+0
Track record (CAGR)
-2
Trend streak
+10
Concentration
+10
Contrarian bonus
+0
Event signal (8-K)
+0
− Dissent penalty
−12
− Crowding penalty
−0
Owners: 1·Buyers: 13·Sellers: 11·Buyer-CAGR-weighted expected return: +11.7% ±2.5%·How this is computed
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8-quarter activity

Distinct managers buying or selling JD each quarter — last 2 years.

6 buy moves·0 sell moves·net buying
1
'24 Q1
'24 Q2
1
'24 Q3
1
'24 Q4
'25 Q1
1
'25 Q2
1
'25 Q3
1
'25 Q4
Buyers (new + add)Sellers (trim + exit)

Ownership breadth · 8 quarters

Breadth flat
+1 owners over 8Q
0
0
1
1
1
1
1
1
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
Q2 '25
Q3 '25
Q4 '25

The number of superinvestors holding this name has been stable for 8 quarters. See the most-owned names across all tracked managers →

Multi-quarter conviction

Managers who have been moving the same direction on JD for 2+ consecutive quarters. Streaks matter far more than single-quarter moves — they reveal thesis conviction, not reactive trading.

Consecutive-quarter BUYERS

Smart money activity

Every tracked 13F move on JD — grouped by quarter, ranked by manager quality.

Smart money activity
13 buys · 11 sells across tracked 13F filings
Net signal: STRONG BUY
Q4 2025(3 moves)
Portfolio manager% portfolio
Scion Asset Management
19.70%
Appaloosa Management
1.70%
Oaktree Capital
0.30%
Q3 2025(3 moves)
Portfolio manager% portfolio
Oaktree Capital
0.40%
Scion Asset Management
17.60%
Appaloosa Management
2.90%
Q2 2025(3 moves)
Portfolio manager% portfolio
Oaktree Capital
0.20%
Scion Asset Management
14.10%
Appaloosa Management
3.50%
Q1 2025(3 moves)
Portfolio manager% portfolio
Scion Asset Management
8.30%
Appaloosa Management
3.90%
Oaktree Capital
0.80%
Q4 2024(3 moves)
Portfolio manager% portfolio
Appaloosa Management
5.60%
Scion Asset Management
10.80%
Oaktree Capital
0.90%
Q3 2024(4 moves)
Portfolio manager% portfolio
Appaloosa Management
4.30%
Scion Asset Management
7.60%
Oaktree Capital
1.10%
Tiger Global Management
0.10%
Q2 2024(4 moves)
Portfolio manager% portfolio
Appaloosa Management
1.80%
Oaktree Capital
1.20%
Tiger Global Management
0.10%
Scion Asset Management
12.30%
Q1 2024(1 move)
Portfolio manager% portfolio
Scion Asset Management
5.50%

Insider activity

What the company's own executives and directors are doing — buys are highly bullish.

Latest news

Recent headlines for JD — context for the moves above.

Each bar is one manager’s position size in JD as a % of their portfolio. Longer bar = bigger conviction bet. T1 badge marks the highest-quality track records.

Same China thesis, deeper discount.

AI thesis

An AI-synthesised investment thesis for JD, based on the 13F data above. Generated on demand — not stored or pre-computed.

AI thesis
Claude Haiku synthesis of BUY positioning from 1 institutional filers
Powered by Claude Haiku

Generate a 2-paragraph investment thesis synthesising 1 institutional holdings and the +13 conviction score.

Related smart-money signals

Derived from the same 13F filings
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The HoldLens signal dossier shows the unified −100..+100 ConvictionScore alongside live prices, multi-quarter trend detection, insider activity, and real-time news. Not investment advice. Methodology.