Assenagon Asset Management S.A. 13F: Adds $206M to CPNG Stake

Assenagon Asset Management has expanded its bet on Coupang, Inc. (NYSE: CPNG), substantially growing its investment in the e-commerce platform according to a Form 13F filing with the SEC on October 15, 2026. Because 13F reports look backward at the previous quarter, this filing reveals the fund's positioning as of that date and may not reflect its exact current share count today.

What Changed in Assenagon Asset Management's Coupang Position

During the period, Assenagon Asset Management grew its holdings by 14,865,737 shares, representing a 112.3% increase from its previous count of 13,236,402 shares. The fund's total stake reached 28,102,139 shares with a reported market value of $389,776,668.

Other Institutional Activity in Coupang

Other major institutional investors adjusted their positions in Coupang during the reporting cycle. SB Investment Advisers (UK) LTD held steady with 289,542,259 shares worth about $4,131,768,168. Baillie Gifford & Co reduced its holdings by 41,917,801 shares, ending with 78,743,687 shares worth about $1,123,672,449. Dodge & Cox Inc. grew its holdings by 187,218 shares, ending with 72,194,220 shares worth about $1,030,211,552. Blackrock Inc. cut its stake by 2,484,945 shares, leaving it with 62,396,132 shares valued at about $890,392,832. Artisan Partners Limited Partnership grew its holdings by 16,770,398 shares, ending with 50,439,134 shares worth about $719,766,465.

Coupang, Inc. Stock Down 1.3%

Coupang shares recently traded around $14.21 as of October 16, 2026. The stock trades below its 50-day moving average of $15.28 and its 200-day moving average of $17.79. Its 52-week trading range spans from a low of $13.35 to a high of $32.35.

Recent Earnings

Coupang reported trailing-twelve-month revenue of $35,462,006,400 with a trailing-twelve-month earnings per share of -$0.43. The company posted a year-over-year revenue growth rate of 3.9%, alongside a net margin of -2.2% and a return on equity of -20.0%. The company's next earnings report is scheduled for November 3, 2026.

Insider Buying and Selling at Coupang, Inc.

Company insiders executed several transactions prior to the filing. On March 13, 2026, Director Neil Mehta bought 7,350,104 shares valued at $136,562,971. General Counsel Harold Rogers sold 192,110 shares at an average price of $16.18 on August 10, 2026, for a total value of $3,107,975. An officer named Jonathan D Lee sold 5,519 shares at $16.10 on August 10, 2026, totaling $88,867, and later sold another 5,519 shares at $13.65 on October 2, 2026, totaling $75,339.

Analysts Set New Price Targets

Wall Street firms maintain varied perspectives on the stock. On June 25, 2026, B of A Securities maintained a Buy rating and lowered its price target from $28.00 to $27.00. On July 7, 2026, Barclays maintained an Overweight rating and trimmed its target from $30.00 to $29.00. On July 29, 2026, Mizuho maintained a Neutral rating while cutting its target from $25.00 to $24.00. On August 6, 2026, B of A Securities again maintained a Buy rating and lowered its target to $24.00. On August 6, 2026, Deutsche Bank upgraded the stock to a Buy rating with a target of $21.50 down from $23.00. Overall, the stock carries a consensus buy rating from 18 analysts with a mean price target of $23.39.

About Coupang

Coupang operates an e-commerce and retail business through mobile applications and websites primarily in South Korea and internationally. It serves customers through its Product Commerce segment, offering marketplace goods, fresh groceries through Rocket Fresh, and advertising products. Institutional interest remains high as the company prepares for its upcoming November earnings release.

Bottom Line

Assenagon Asset Management's large share increase signals strong interest from the fund during the period. Investors will look toward Coupang's upcoming earnings report on November 3, 2026, for further clarity on its financial path. Remember that 13F reports only show historical positions and may have changed since they were filed. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.