Sepio Capital 13F: Adds $20M to Coupang (CPNG) Stake

Sepio Capital lifted its holdings in Coupang, Inc. CPNG by 1,472,153 shares during the third quarter, according to a Form 13F filing on October 22, 2026. Coupang closed at $13.99 on the day of the filing.

CPNG Coupang, Inc.

$13.87 ▼ -40.65% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Sepio Capital's Coupang Position

Sepio Capital expanded its investment in the e-commerce company by a striking 1,284.5%, bringing its total ownership to 1,586,760 shares. The firm held just 114,607 shares previously. The expanded stake carried a reported value of $22,008,361 at the time of the filing.

Other Institutional Activity in Coupang

Other large funds also made notable shifts in their Coupang holdings during the period. SB Investment Advisers LTD kept its huge position steady at 289,542,259 shares worth about $4,050,696,137. Baillie Gifford & Co reduced its stake by 41,917,801 shares, ending with 78,743,687 shares valued at roughly $1,101,624,163 for a 34.7% decrease. Dodge & Cox Inc. grew its holdings by 187,218 shares, a 0.3% increase that left it with 72,194,220 shares worth about $1,009,997,121. Artisan Partners Limited Partnership grew its holdings by 16,770,398 shares, a 49.8% increase to finish with 50,439,134 shares worth about $705,643,473. Aspex Management Ltd grew its holdings by 21,991,109 shares, a 137.1% increase to end with 38,028,965 shares worth about $532,025,211.

Coupang, Inc. Stock Down 2.3%

Coupang shares recently traded around $13.99 as of October 23, 2026, matching the $13.99 close on October 22. The stock trades near its 52-week low of $13.35 and well below its 52-week high of $32.35. It also sits below its 50-day moving average of $15.08 and its 200-day moving average of $17.56.

Recent Earnings

Coupang reported trailing twelve-month revenue of $35.46 billion alongside an earnings per share of -$0.43. The company generated a year-over-year revenue growth rate of 3.9% and a net profit margin of -2.2%. Its return on equity stood at -20.0%. The next earnings report is scheduled for November 3, 2026.

Insider Buying and Selling at Coupang, Inc.

Company insiders were active in the stock across recent months. Director Neil Mehta bought 7,350,104 shares on March 13, 2026, worth $136,562,971. Harold Rogers, General Counsel, sold 192,110 shares on August 10, 2026, at $16.18 per share for a total of $3,107,975. Jonathan D Lee, an officer, sold 5,519 shares on August 10, 2026, at $16.10 per share for $88,867, and sold another 5,519 shares on October 2, 2026, at $13.65 per share for $75,339.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On June 25, 2026, B of A Securities maintained a buy rating while lowering its target from $28.00 to $27.00. Barclays maintained an overweight rating on July 7, 2026, lowering its target from $30.00 to $29.00. Mizuho maintained a neutral rating on July 29, 2026, trimming its target from $25.00 to $24.00. B of A Securities maintained a buy rating on August 6, 2026, adjusting its target from $27.00 to $24.00. Deutsche Bank upgraded the stock to a buy rating on August 6, 2026, while moving its target from $23.00 to $21.50. Overall, 18 analysts give the stock a consensus buy rating with a mean price target of $23.39.

About Coupang

Coupang operates a major retail and mobile commerce platform, serving customers primarily in South Korea and across international markets. The company provides online shopping, fresh grocery delivery through Rocket Fresh, and digital advertising services. Institutional interest remains high as the company scales its operations in retail and logistics.

Bottom Line

Investors will look toward the upcoming earnings release on November 3, 2026, for further clues on profitability and growth. Institutional reports filed with the SEC continue to provide a window into how major managers position their portfolios around the retailer.