DOSSIER · 13F Holders · Q2 2026
HSAI

HESAI GROUP

139 institutions still hold HESAI GROUP as of Q2 2026. Tracked across SEC 13F-HR filings, with insider and 13D/G activity surfaced alongside.

CUSIP 428050108·139 13F holders·last filed Jun 30, 2026
Market cap
13F value held
$519M
visible holders
Holders
139
filers reporting
Concentration
21.61%
SCHRODER INVESTMENT MANAGEMENT GROUP #1
top holder share
AI Holders Summary · Q2 2026

Hesai Group (HSAI), the Shanghai-based lidar manufacturer whose automotive and robotaxi sensing products compete in an intensifying Chinese autonomous-driving market, now carries approximately $777 million in institutional value across 129 holders — a small but meaningful register in which a single name, Schroders Investment Management Group, anchors the position with $140.7 million (18.1% of the institutional book) and tripled its share count during Q1 2026, growing from 2.1 million to 7.9 million shares. That Schroders build — a $94 million addition, the largest single-name increase in absolute value in the file — is the clearest conviction read in an otherwise mixed register. FMR (Fidelity) counterbalanced that by cutting its position roughly in half, reducing from $88 million to $70 million despite adding no net share reduction; Vanguard opened dual-entry passive positions totaling $56 million, marking the first passive-mechanical layer appearing in the register. Against that, BAMCO (Neuberger Berman), FIL Limited, Wellington, Morgan Stanley, Robeco, and several other mid-tier active holders all trimmed, suggesting that while Schroders is expressing strong directional conviction, the broader active-discretionary cohort remains cautious or in wait-and-see mode on Chinese autonomous-driving supply chain names. The additions cluster around quality-and-growth shops (Artisan Partners, UBS, Deutsche Bank, Carrhae Capital, Broad Peak, SRS Investment Management) while the sellers cluster around diversified large-cap growth and generalist strategies that have rotated away from the Chinese EV/ADAS supply chain during the tariff-and-demand uncertainty of 2025-2026.

The Schroders story is the structural anchor. Schroders entered the position at year-end Q4 2025 at $41.7 million and roughly 2.1 million shares, which was already a meaningful commitment for a$140 million position in a$777 million register. By Q1 2026, Schroders added approximately 5.9 million shares (a 284% increase in share terms) to build a$140.7 million position at 7.9 million shares. This is not a passive index drift — it is a deliberate decision by a$700B-plus asset manager to triple its exposure to a Chinese lidar name in a single quarter. Schroders' typical investment thesis on autonomous-driving and lidar infrastructure emphasizes the OEM-adoption curve and the technology's positioning as a regulatory-mandated safety feature in ADAS stacks — a thesis that has legs independent of the current EV-demand cycle. The Schroders build, in isolation, reads as a large discretionary bet on Chinese lidar reaching cost and regulatory adoption inflection.

The FMR reduction is the most notable opposing signal. FMR held$88 million at 7.1 million shares heading into Q1 2026; by quarter-end it had reduced to$70 million on 3.7 million shares, cutting its position by roughly$18 million and 3.4 million shares (-49% in share count). This is not a complete exit — FMR remains the second-largest holder in the file — but it is a meaningful repricing of the thesis. The most likely interpretation: FMR's China-focused or industrials-focused strategies reassessed the risk premium on Chinese auto-supply names in the current tariff uncertainty environment and sized down accordingly, while Schroders, operating from a different risk budget, continued building. The divergence between these two large holders is the most intellectually interesting feature of the HSAI register.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Top holders

Sorted by position value. Source: SEC EDGAR 13F-HR filings.

#HolderValueShares% port.Quarter
01
SCHRODER INVESTMENT MANAGEMENT GROUP
CIK 0001086619
$112M7.1M0.08%Q2 2026
02
UBS Group AG
CIK 0001610520
$42M2.3M0.01%Q2 2026
03
FMR LLC
CIK 0000315066
$35M1.9M0.00%Q2 2026
04
DEUTSCHE BANK AG\
CIK 0000948046
$34M1.9M0.01%Q2 2026
05
FIL Ltd
CIK 0000318989
$33M1.8M0.02%Q2 2026
06
Broad Peak Investment Advisers Pte Ltd
CIK 0001547349
$25M1.3M4.52%Q2 2026
07
MANUFACTURERS LIFE INSURANCE COMPANY, THE
CIK 0000928047
$23M1.2M0.02%Q2 2026
08
FEDERATED HERMES, INC.
CIK 0001056288
$22M1.2M0.03%Q2 2026
09
D. E. Shaw & Co., Inc.
CIK 0001009207
$22M991K0.01%Q4 2025
10
CITADEL ADVISORS LLC
CIK 0001423053
$22M961K0.00%Q4 2025
11
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
CIK 0001705339
$19M1.1M0.02%Q2 2026
12
WEXFORD CAPITAL LP
CIK 0001048462
$18M1.0M2.35%Q2 2026
13
SUSQUEHANNA INTERNATIONAL GROUP, LLP
CIK 0001446194· Market maker
$17M932K0.00%Q2 2026
14
NORDEA INVESTMENT MANAGEMENT AB
CIK 0001218210
$15M847K0.01%Q2 2026
15
Robeco Schweiz AG
CIK 0001418427
$15M833K0.24%Q2 2026
16
JPMORGAN CHASE & CO
CIK 0000019617
$14M863K0.00%Q2 2026
17
Artisan Partners Limited Partnership
CIK 0001466153
$14M746K0.02%Q2 2026
18
C WorldWide Group Holding A/S
CIK 0001625244
$13M670K0.28%Q1 2026
19
GOLDMAN SACHS GROUP INC
CIK 0000886982
$12M654K0.00%Q2 2026
20
Empowered Funds, LLC
CIK 0001592828
$12M649K0.06%Q2 2026
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Insiders at HESAI GROUP
Sun KaiLi YifanWang Hui (Jasmine)Xiang Shaoqing