--- title: "Hedge Fund Shuts the Door on Retail Brokerage, According to Latest SEC Filing" type: "News" locale: "en" url: "https://longbridge.com/en/news/285220117.md" description: "Yong Rong (HK) Asset Management Ltd has sold its entire 5,000,000-share stake in Webull Corporation, valued at approximately $32.39 million, according to a SEC filing dated May 4, 2026. This sale resulted in a $38.85 million decline in the fund's quarter-end position value, marking a 14.27% decrease in its reportable assets under management. Post-sale, Webull accounted for 0% of the fund's AUM, down from 11.8%. Webull's stock has underperformed, down 50.7% over the past year, but recent regulatory changes may provide a potential boost for the company." datetime: "2026-05-05T13:55:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285220117.md) - [en](https://longbridge.com/en/news/285220117.md) - [zh-HK](https://longbridge.com/zh-HK/news/285220117.md) --- # Hedge Fund Shuts the Door on Retail Brokerage, According to Latest SEC Filing ## Key Points - Sold 5,000,000 shares of Webull Corporation, an estimated $32.39 million trade based on quarterly average pricing - Quarter-end position value declined by $38.85 million, reflecting both share sale and price movement - Represents a 14.27% decrease in fund’s 13F reportable assets under management - Post-trade, the fund holds zero shares of Webull Corporation, with a stake value of $0 - The position previously accounted for 11.8% of fund AUM. - 10 stocks we like better than Webull › On May 4, 2026, Yong Rong (HK) Asset Management Ltd disclosed in a Securities and Exchange Commission (SEC) filing that it sold its entire 5,000,000-share stake in **Webull Corporation** (NASDAQ:BULL), an estimated $32.39 million transaction based on quarterly average pricing. ## What happened According to a Securities and Exchange Commission (SEC) filing dated May 4, 2026, Yong Rong (HK) Asset Management Ltd sold its entire 5,000,000-share stake in Webull Corporation. The estimated transaction value was $32.39 million, calculated using the average unadjusted closing price over the first quarter. The quarter-end position value dropped by $38.85 million, which includes both trading and market price effects. ## What else to know The fund sold out of Webull Corporation, reducing its stake from 11.8% of AUM in the previous quarter to zero; post-trade, the position represents none of AUM. Top holdings after the filing: - NYSE: CRCL: $110.01 million (50.3% of AUM) - NASDAQ: MU: $45.58 million (20.9% of AUM) - NYSEMKT: KORU: $19.89 million (9.1% of AUM) - NASDAQ: SUPX: $17.12 million (7.8% of AUM) - NASDAQ: SNDK: $12.64 million (5.8% of AUM) As of May 4, 2026, shares of Webull Corporation were priced at $7.17, down 50.7% over the past year, underperforming the S&P 500 by 81.70 percentage points. ## Company overview Metric Value Price (as of market close May 4, 2026) $7.17 Market capitalization $3.81 billion Revenue (TTM) $571.00 million Net income (TTM) $24.77 million ## Company snapshot - Offers a digital investment platform providing trading services, wealth management product distribution, market data, a user community, and investor education. - Targets retail investors and individuals seeking accessible, technology-driven investment solutions. - Operates primarily in the United States, leveraging scalable technology to deliver financial services to a broad customer base. Webull Corporation is a technology-driven financial services company focused on delivering digital investment tools and trading solutions to retail clients. The company leverages an integrated platform to provide a broad suite of services, including trading, wealth management, and market data, aiming to enhance user engagement and financial literacy. With a scalable technology infrastructure and a user-centric approach, Webull seeks to differentiate itself through product breadth, ease of use, and educational resources, positioning the company to capture growth in the evolving digital investing landscape. ## What this transaction means for investors Yong Rong (HK) Asset Management, a Hong Kong-based hedge fund, recently disclosed the sale of its entire position in Webull during the first quarter (the three months ending on March 31, 2026). The position was valued at $38.9 million at the end of the prior quarter (the three months ending on Dec. 31, 2025). Here are some key takeaways for investors. To start, we must discuss Webull’s recent performance. The stock is still quite new, having debuted on April 11, 2025. However, after an initial 300% surge immediately following its initial public offering (IPO), shares have declined significantly. Indeed, for those who acquired shares during the first week following the IPO, their position has plummeted by more than 72%. At any rate, Webull appears to have gained momentum in recent weeks. Shares have surged by nearly 50% as regulators are poised to hand the stock a catalyst — removal of the so-called Pattern Day Trader (PDT) rule. The removal of this rule should increase retail trading volumes, which should benefit retail brokerages like Webull. In summary, Webull stock has underperformed in its relatively short time as a public company. However, a pending regulatory change has bolstered the stock in recent weeks, making it more appealing to speculative growth investors. ## Should you buy stock in Webull right now? Before you buy stock in Webull, consider this: The _Motley Fool Stock Advisor_ analyst team just identified what they believe are the **10 best stocks** for investors to buy now… and Webull wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when **Netflix** made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, **you’d have $490,864**!\* Or when **Nvidia** made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, **you’d have $1,216,789**!\* Now, it’s worth noting _Stock Advisor’s_ total average return is 963% — a market-crushing outperformance compared to 201% for the S&P 500. **Don't miss the latest top 10 list, available with _Stock Advisor_, and join an investing community built by individual investors for individual investors.** See the 10 stocks » _\*Stock Advisor returns as of May 5, 2026._ _Jake Lerch has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Micron Technology. The Motley Fool has a disclosure policy._ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ### Related Stocks - [BULL.US](https://longbridge.com/en/quote/BULL.US.md) - [CRCL.US](https://longbridge.com/en/quote/CRCL.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [KRMD.US](https://longbridge.com/en/quote/KRMD.US.md) - [SUPX.US](https://longbridge.com/en/quote/SUPX.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [NFLX.US](https://longbridge.com/en/quote/NFLX.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [BULLZ.US](https://longbridge.com/en/quote/BULLZ.US.md) - [BULLW.US](https://longbridge.com/en/quote/BULLW.US.md) - [SNDKV.US](https://longbridge.com/en/quote/SNDKV.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [Innodata Insiders Sold Shares Worth Over $24M](https://longbridge.com/en/news/286333582.md) - [Venture Global Insider Sold Shares Worth $15,060,331, According to a Recent SEC Filing](https://longbridge.com/en/news/286619570.md) - [Lifeway Foods (NASDAQ:LWAY) Major Shareholder Sells $596,880.00 in Stock](https://longbridge.com/en/news/286877679.md) - [Investment Advisor Sells CHEF Shares Worth $8.9 Million, According to Latest SEC Filing](https://longbridge.com/en/news/287083136.md) - [SEA (NYSE:SE) Insider Sells $70,448.00 in Stock](https://longbridge.com/en/news/287053737.md)