# Noah Holdings Limited (NOAH)

> Source: Nexqual · https://nexqual.com/NOAH · data as of 2026-10-23 16:19 UTC · cite as "Nexqual, Noah Holdings Limited (NOAH), nexqual.com/NOAH" · informational, not investment advice.

**Price:** USD 6.79 (-3.14% today) · US market open, as of October 23, 2026 at 16:19 UTC; quotes may be delayed. Prev close 7.01 · day 6.79–6.99 · 52w 6.79–12.45 · market cap $466M · NYQ

## Key facts
- 1 of 80 tracked superinvestors hold NOAH (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $126K; 1 not under a Rule 10b5-1 plan ($126K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.50 on a 1–5 scale) (4 analysts), mean target USD 10.69 (range 9.29–12.12).
- Total return with dividends: 1Y -32.1% vs S&P 500 +14.7%; 5Y -73.7% vs S&P 500 +77.5%.
- Next earnings: 2026-11-24, EPS estimate USD —, revenue estimate $0K.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold NOAH. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Christopher Davis | Davis Advisors | 0.04% | $9.6M | Reduced -5.6% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-29…2026-09-30 | Wu May Yihong | Director | 16,000 | $126K | 44.4% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 4 analysts; mean target USD 10.69 (low 9.29, high 12.12).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-21 | JP Morgan | Target lowered | Neutral | $10.5 → $9.7 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -32.1% | -73.7% |
| S&P 500 (SPY) | +14.7% | +77.5% |
| Per year | -32.1% | -23.4% |
| Volatility (annualized) | 28.8% | 49.9% |
| Max drawdown | -36.3% (Feb 2026→Oct 2026) | -79.8% (Nov 2021→Jul 2024) |

## Peers (Asset Management)
BXSL (Blackstone Secured Lending Fund) USD 23.53 -1.59% · VCTR (Victory Capital Holdings, Inc. ) USD 106.79 -0.56% · PDI (PIMCO Dynamic Income Fund) USD 14.3 -0.03% · AMG (Affiliated Managers Group, Inc.) USD 389.44 -1.54% · SEIC (SEI Investments Company) USD 103.25 -1.20% · IVZ (Invesco Ltd) USD 28.48 -1.09%

## More
Full page: https://nexqual.com/NOAH · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in NOAH's own 20-F filed 2026-04-29 (https://www.sec.gov/Archives/edgar/data/1499543/000110465926050892/noah-20251231x20f.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Gopher Asset Management | "For the funds for which Gopher Asset Management and Gopher GP serve as general partners and/or fund managers, we are entitled to receive recurring service fees and performance-based income." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year (ends 2026-12-31) | $9.66 | $9.69 | -0.4% | $2.54B | 4 |
| Next fiscal year (ends 2027-12-31) | $9.74 | $10.44 | -6.6% | $2.52B | 4 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 56.4% | ±10.1% |