CITADEL ADVISORS LLC quarter change: Foreign Stocks, Reduced
In share positions in stocks (depositary receipts and foreign shares traded over the counter), from the quarter ended 2025-12-31 to 2026-03-31, CITADEL ADVISORS LLC opened 25 positions, added to 109, reduced 93, sold out of 28 and left 1 unchanged. The largest increase in value was TSM (+$454,456,957); the largest decrease was NVO (-$276,500,468).
- NVO: Country of operation Denmark; Class ADR; Shares 2025-12-31 7,410,923; Shares 2026-03-31 2,736,525.
- ARGX: Country of operation Netherlands; Class SPONSORED ADR; Shares 2025-12-31 350,851; Shares 2026-03-31 219,126.
- SONY: Country of operation Japan; Class SPONSORED ADR; Shares 2025-12-31 4,860,362; Shares 2026-03-31 674,519.
- BIDU: Country of operation China; Class SPON ADR REP A; Shares 2025-12-31 944,319; Shares 2026-03-31 376,172.
Two Form 13F-HR filings compared (SEC CIK 1423053): 2025-12-31 (filed 2026-02-17) and 2026-03-31 (filed 2026-05-15). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move; share change is the position change.
| Stock | Country of operation | Class | Shares 2025-12-31 | Shares 2026-03-31 | Share change | Value 2025-12-31 | Value 2026-03-31 | Value change |
|---|---|---|---|---|---|---|---|---|
| NVO NOVO-NORDISK A S | Denmark | ADR | 7,410,923 | 2,736,525 | -4,674,398 | $377,067,762 | $100,567,294 | -$276,500,468 |
| ARGX ARGENX SE | Netherlands | SPONSORED ADR | 350,851 | 219,126 | -131,725 | $295,048,149 | $160,016,761 | -$135,031,388 |
| SONY SONY GROUP CORP | Japan | SPONSORED ADR | 4,860,362 | 674,519 | -4,185,843 | $124,425,267 | $13,962,544 | -$110,462,723 |
| BIDU BAIDU INC | China | SPON ADR REP A | 944,319 | 376,172 | -568,147 | $123,384,721 | $41,913,085 | -$81,471,636 |
| IBN ICICI BANK LIMITED | India | ADR | 2,920,105 | 345,866 | -2,574,239 | $87,019,129 | $8,957,929 | -$78,061,200 |
| BHP BHP BILLITON LIMITED | Australia | SPONSORED ADS | 1,280,623 | 79,730 | -1,200,893 | $77,311,211 | $5,799,560 | -$71,511,651 |
| HLN HALEON PLC | United Kingdom | SPON ADS | 7,483,113 | 1,001,865 | -6,481,248 | $75,654,273 | $10,028,669 | -$65,625,604 |
| TCOM TRIP COM GROUP LTD | China | ADS | 940,771 | 176,088 | -764,683 | $67,650,842 | $8,767,422 | -$58,883,420 |
| JD JD.COM INC | China | SPON ADS CL A | 2,787,360 | 834,210 | -1,953,150 | $79,997,232 | $24,667,590 | -$55,329,642 |
| RIO RIO TINTO PLC | Australia | SPONSORED ADR | 814,876 | 254,948 | -559,928 | $65,214,526 | $23,784,099 | -$41,430,427 |
| SQM SOCIEDAD QUIMICA Y MINERA DE | Chile | SPON ADR SER B | 879,805 | 252,714 | -627,091 | $60,530,584 | $20,454,671 | -$40,075,913 |
| VALE VALE S A | Brazil | SPONSORED ADS | 5,921,812 | 2,747,104 | -3,174,708 | $77,161,210 | $43,706,424 | -$33,454,786 |
| NICE NICE LTD | Israel | SPONSORED ADR | 313,059 | 37,279 | -275,780 | $35,388,189 | $4,110,382 | -$31,277,807 |
| BITF BITFARMS LTD | Canada | COM | 20,018,535 | 13,565,213 | -6,453,322 | $47,043,557 | $26,452,165 | -$20,591,392 |
| PONY PONY AI INC | China | SPONSORED ADS | 2,607,874 | 1,864,902 | -742,972 | $37,814,173 | $17,604,675 | -$20,209,498 |
| VIST VISTA ENERGY S.A.B. DE C.V. | Mexico | SPONSORED ADS | 465,992 | 33,117 | -432,875 | $22,675,171 | $2,499,340 | -$20,175,831 |
| TS TENARIS S A | Luxembourg | SPONSORED ADS | 932,396 | 292,423 | -639,973 | $35,850,627 | $17,013,170 | -$18,837,457 |
| EMBJ EMBRAER S.A. | Brazil | SPONSORED ADS | 362,288 | 89,326 | -272,962 | $23,320,479 | $5,300,605 | -$18,019,874 |
| JOYY JOYY INC | Singapore | ADS REPSTG COM A | 288,703 | 13,751 | -274,952 | $18,696,407 | $802,921 | -$17,893,486 |
| BVN COMPANIA DE MINAS BUENAVENTU | Peru | SPONSORED ADR | 684,368 | 52,644 | -631,724 | $19,045,961 | $1,897,290 | -$17,148,671 |
| CX CEMEX SA EURO MTN BE 144A | Mexico | SPON ADR NEW | 2,036,873 | 638,012 | -1,398,861 | $23,403,671 | $7,298,857 | -$16,104,814 |
| HSAI HESAI GROUP | China | SPONSORED ADS | 772,520 | 86,582 | -685,938 | $17,304,448 | $1,655,448 | -$15,649,000 |
| ABVX ABIVAX SA | France | SPONSORED ADS | 563,747 | 544,338 | -19,409 | $76,024,102 | $60,612,037 | -$15,412,065 |
| HTHT H WORLD GROUP LTD | China | SPONSORED ADS | 620,718 | 280,258 | -340,460 | $29,204,782 | $14,094,174 | -$15,110,608 |
| DQ DAQO NEW ENERGY CORP | China | SPNSRD ADS NEW | 615,017 | 173,506 | -441,511 | $18,143,002 | $3,690,473 | -$14,452,529 |
| ARM ARM HOLDINGS PLC | United Kingdom | SPONSORED ADS | 506,715 | 288,820 | -217,895 | $55,389,016 | $43,692,690 | -$11,696,326 |
| TIGR UP FINTECH HLDG LTD | China | SPONSORED ADS | 1,186,032 | 113,844 | -1,072,188 | $11,338,466 | $717,217 | -$10,621,249 |
| LI LI AUTO INC | China | SPONSORED ADS | 662,080 | 43,028 | -619,052 | $11,209,014 | $767,190 | -$10,441,824 |
| HMC HONDA MOTOR CO LTD | Japan | ADR ECH CNV IN 3 | 276,792 | 16,608 | -260,184 | $8,159,828 | $403,741 | -$7,756,087 |
| RELX RELX PLC | United Kingdom | SPONSORED ADR | 402,295 | 275,073 | -127,222 | $16,260,764 | $9,118,670 | -$7,142,094 |
| LYG LLOYDS BANKING GROUP PLC | United Kingdom | SPONSORED ADR | 1,879,290 | 560,832 | -1,318,458 | $9,960,237 | $2,820,985 | -$7,139,252 |
| OLA ORLA MNG LTD NEW | Canada | COM | 592,548 | 106,794 | -485,754 | $7,981,622 | $1,722,587 | -$6,259,035 |
| SIMO SILICON MOTION TECHNOLOGY CO | Taiwan | SPONSORED ADR | 133,056 | 64,590 | -68,466 | $12,334,291 | $7,252,811 | -$5,081,480 |
| TM TOYOTA MOTOR CORP | Japan | ADS | 32,643 | 9,373 | -23,270 | $6,987,561 | $1,931,682 | -$5,055,879 |
| CIB GRUPO CIBEST SA | Colombia | SPON ADS | 135,456 | 55,054 | -80,402 | $8,616,356 | $4,008,482 | -$4,607,874 |
| TV GRUPO TELEVISA S A B | Mexico | SPON ADR REP ORD | 1,529,767 | 59,994 | -1,469,773 | $4,451,622 | $174,583 | -$4,277,039 |
| TA TRANSALTA CORP | Canada | COM | 2,027,408 | 1,632,890 | -394,518 | $25,626,437 | $21,390,859 | -$4,235,578 |
| FINV FINVOLUTION GROUP | China | SPONSORED ADS | 663,571 | 15,344 | -648,227 | $3,470,476 | $73,498 | -$3,396,978 |
| SOHU SOHU COM LTD | China | SPONSORED ADS | 601,255 | 399,224 | -202,031 | $9,403,628 | $6,168,011 | -$3,235,617 |
| EC ECOPETROL S A | Colombia | SPONSORED ADS | 483,906 | 113,869 | -370,037 | $4,848,738 | $1,706,896 | -$3,141,842 |
| SMFG SUMITOMO MITSUI FIN GRP INC | Japan | SPONSORED ADR | 425,691 | 265,505 | -160,186 | $8,228,607 | $5,243,724 | -$2,984,883 |
| KEP KOREA ELEC PWR CORP | South Korea | SPONSORED ADR | 210,282 | 41,271 | -169,011 | $3,469,653 | $588,112 | -$2,881,541 |
| FIHL FIDELIS INSURANCE HOLDINGS L | Bermuda | COM | 258,785 | 121,254 | -137,531 | $5,064,422 | $2,317,164 | -$2,747,258 |
| SSL SASOL LTD | South Africa | SPONSORED ADR | 505,340 | 459,425 | -45,915 | $3,289,763 | $5,954,148 | +$2,664,385 |
| BUD ANHEUSER BUSCH INBEV SA NV | Belgium | SPONSORED ADR | 1,270,119 | 1,208,118 | -62,001 | $81,338,421 | $83,807,146 | +$2,468,725 |
| AXIA CENTRAIS ELET BRAS SA | Brazil | SPONSORED ADR | 863,251 | 482,974 | -380,277 | $7,907,379 | $5,447,947 | -$2,459,432 |
| BILI BILIBILI INC | China | SPONS ADS REP Z | 530,415 | 476,116 | -54,299 | $13,042,904 | $10,741,177 | -$2,301,727 |
| CHA CHAGEE HLDGS LTD | China | SPONSORED ADS | 275,132 | 99,563 | -175,569 | $3,199,786 | $926,932 | -$2,272,854 |
| SID COMPANHIA SIDERURGICA NACION | Brazil | SPONSORED ADR | 2,009,008 | 807,656 | -1,201,352 | $3,214,413 | $1,001,493 | -$2,212,920 |
| TKC TURKCELL ILETISIM | Turkey | SPON ADR NEW | 1,110,271 | 650,432 | -459,839 | $6,073,182 | $3,922,105 | -$2,151,077 |
| FERA FIFTH ERA ACQUISITION CORP I | Cayman Islands | ORD SHS CL A | 503,863 | 303,880 | -199,983 | $5,164,596 | $3,129,964 | -$2,034,632 |
| JMIA JUMIA TECHNOLOGIES AG | Germany | SPONSORED ADS | 231,080 | 124,884 | -106,196 | $2,886,189 | $861,700 | -$2,024,489 |
| PUK PRUDENTIAL PLC | United Kingdom | ADR | 146,412 | 89,886 | -56,526 | $4,556,341 | $2,555,459 | -$2,000,882 |
| UMC UNITED MICROELECTRONICS CORP | Taiwan | SPON ADR NEW | 1,124,310 | 765,322 | -358,988 | $8,837,077 | $6,872,592 | -$1,964,485 |
| NOK NOKIA CORP | Finland | SPONSORED ADR | 15,937,658 | 12,597,252 | -3,340,406 | $103,116,647 | $101,281,906 | -$1,834,741 |
| AUTL AUTOLUS THERAPEUTICS LTD | United Kingdom | SPON ADS | 1,159,791 | 459,404 | -700,387 | $2,307,984 | $633,978 | -$1,674,006 |
| NMR NOMURA HLDGS INC | Japan | SPONSORED ADR | 373,587 | 200,231 | -173,356 | $3,134,395 | $1,579,823 | -$1,554,572 |
| KC KINGSOFT CLOUD HLDGS LTD | China | ADS | 239,653 | 73,755 | -165,898 | $2,478,012 | $985,367 | -$1,492,645 |
| EH EHANG HLDGS LTD | China | ADS | 133,928 | 43,578 | -90,350 | $1,765,171 | $423,142 | -$1,342,029 |
| SHG SHINHAN FINANCIAL GROUP CO L | South Korea | SPN ADR RESTRD | 48,437 | 21,266 | -27,171 | $2,597,676 | $1,304,031 | -$1,293,645 |
| IMCR IMMUNOCORE HLDGS PLC | United Kingdom | ADS | 234,268 | 230,399 | -3,869 | $8,131,442 | $6,946,530 | -$1,184,912 |
| AMRN AMARIN CORP PLC | Ireland | SPONSORED ADR | 168,004 | 80,575 | -87,429 | $2,344,496 | $1,165,115 | -$1,179,381 |
| GOTU GAOTU TECHEDU INC | China | SPONSORED ADS | 868,095 | 486,926 | -381,169 | $2,013,980 | $954,375 | -$1,059,605 |
| MESO MESOBLAST LTD | Australia | SPONS ADR | 131,388 | 85,959 | -45,429 | $2,370,240 | $1,322,049 | -$1,048,191 |
| ITR INTEGRA RES CORP | Canada | COM | 416,352 | 262,717 | -153,635 | $1,669,572 | $717,217 | -$952,355 |
| AXIA/PC CENTRAIS ELET BRAS SA | Brazil | SPON ADS PF CL C | 121,877 | 10,305 | -111,572 | $1,050,580 | $112,531 | -$938,049 |
| GAMB GAMBLING COM GROUP LIMITED | Jersey | ORDINARY SHARES | 146,075 | 10,344 | -135,731 | $797,569 | $40,134 | -$757,435 |
| XYF X FINL | Cayman Islands | SPONSORED ADS | 141,729 | 14,023 | -127,706 | $793,682 | $57,775 | -$735,907 |
| NNDM NANO DIMENSION LTD | Israel | SPONSORD ADS NEW | 544,420 | 94,226 | -450,194 | $838,407 | $160,184 | -$678,223 |
| PSFE US PAYSAFE LIMITED | Bermuda | SHS | 143,729 | 72,565 | -71,164 | $1,162,768 | $494,168 | -$668,600 |
| CMPS COMPASS PATHWAYS PLC | United Kingdom | SPONSORED ADS | 311,488 | 269,489 | -41,999 | $2,149,267 | $1,490,274 | -$658,993 |
| DDI DOUBLEDOWN INTERACTIVE CO LT | South Korea | ADS | 138,282 | 64,574 | -73,708 | $1,193,374 | $545,650 | -$647,724 |
| PBR PETROLEO BRASILEIRO S A | Brazil | SPONSORED ADR | 70,241 | 69,966 | -275 | $832,356 | $1,451,795 | +$619,439 |
| JFIN JIAYIN GROUP INC | China | SPONSORED ADS | 127,499 | 45,173 | -82,326 | $739,494 | $189,275 | -$550,219 |
| KB KB FINL GROUP INC | South Korea | SPONSORED ADR | 55,352 | 42,301 | -13,051 | $4,762,486 | $4,218,679 | -$543,807 |
| BLTE BELITE BIO INC | United States | SPONSORED ADS | 5,055 | 2,008 | -3,047 | $808,598 | $320,156 | -$488,442 |
| GFI GOLD FIELDS LTD | South Africa | SPONSORED ADR | 37,648 | 27,356 | -10,292 | $1,643,712 | $1,241,962 | -$401,750 |
| YSG YATSEN HLDG LTD | China | SPONSORED ADS | 189,820 | 123,455 | -66,365 | $738,400 | $380,241 | -$358,159 |
| MAPS WM TECHNOLOGY INC | United States | COM | 422,391 | 26,418 | -395,973 | $348,514 | $17,394 | -$331,120 |
| CLLS CELLECTIS S A | France | SPON ADS | 95,427 | 44,315 | -51,112 | $461,867 | $140,479 | -$321,388 |
| HTT HIGH TEMPLAR TECHNOLOGY LTD | China | SPON ADS | 151,726 | 140,220 | -11,506 | $538,627 | $272,027 | -$266,600 |
| OPRA OPERA LTD | Norway | SPONSORED ADS | 244,307 | 225,192 | -19,115 | $3,459,387 | $3,211,238 | -$248,149 |
| YALA YALLA GROUP LTD | United Arab Emirates | ADS | 96,709 | 70,963 | -25,746 | $671,160 | $442,099 | -$229,061 |
| CRTO CRITEO S A | France | SPONS ADS | 42,566 | 37,429 | -5,137 | $877,285 | $671,102 | -$206,183 |
| BORR US BORR DRILLING LTD | Bermuda | SHS | 1,600,048 | 1,089,248 | -510,800 | $6,448,194 | $6,284,961 | -$163,233 |
| ODV OSISKO DEVELOPMENT CORP | Canada | COM NEW | 605,522 | 603,118 | -2,404 | $2,113,272 | $1,960,134 | -$153,138 |
| OMAB GRUPO AEROPORTUARIO DEL CENT | Mexico | SPON ADR | 11,646 | 9,717 | -1,929 | $1,266,735 | $1,114,831 | -$151,904 |
| API AGORA INC | China | ADS | 152,361 | 134,716 | -17,645 | $620,109 | $476,895 | -$143,214 |
| TRVG TRIVAGO N V | Germany | SPON ADS A SHS N | 42,624 | 10,145 | -32,479 | $123,610 | $27,493 | -$96,117 |
| NOAH NOAH HLDGS LTD | China | SPON ADS | 39,452 | 30,661 | -8,791 | $396,098 | $303,544 | -$92,554 |
| LOT LOTUS TECHNOLOGY INC | China | SPONSORED ADR | 64,415 | 42,887 | -21,528 | $90,825 | $49,320 | -$41,505 |
| HUYA HUYA INC | China | ADS REP SHS A | 118,363 | 112,299 | -6,064 | $340,885 | $370,587 | +$29,702 |
| SIFY SIFY TECHNOLOGIES LTD | India | SPONSORED ADR | 24,134 | 23,343 | -791 | $294,194 | $298,557 | +$4,363 |