The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC filed a joint Schedule 13G with the SEC on November 9, 2026, disclosing beneficial ownership of Class A ordinary shares of QFIN Holdings, Inc. as of September 30, 2026.

Key Highlights

  • Issuer: The filing covers Class A ordinary shares, par value $0.00001 per share, of QFIN Holdings, Inc. (CUSIP 9HH5DS2Y4).
  • Aggregate beneficial ownership: Both reporting persons each reported 12,603,798.08 shares beneficially owned in aggregate.
  • Percent of class: The reported holdings represent 5.2% of the class, as stated in the filing.
  • Voting and dispositive power: Both reporting persons reported sole voting power of 0.00 shares and shared voting and dispositive power of 12,603,798.08 shares each.
  • Triggering event date: The date of event requiring the filing was September 30, 2026.
  • Signatories: The statement was signed by Ameen Soetan as attorney-in-fact for both reporting persons, dated October 8, 2026.

Goldman Sachs Discloses 5.2% Beneficial Ownership in QFIN Holdings as of September 30, 2026

According to the filing, The Goldman Sachs Group, Inc. (incorporated in Delaware) and Goldman Sachs & Co. LLC (organized in New York) jointly filed a Schedule 13G reporting beneficial ownership of Class A ordinary shares of QFIN Holdings, Inc. The event triggering the filing occurred on September 30, 2026, and the statement was signed on October 8, 2026. QFIN Holdings, Inc. is identified in the filing as having its principal executive offices at Building 1, No. 98 Qingyijiang Road, Putuo District, Shanghai, F4, 200331.

The filing discloses that each reporting person beneficially owns 12,603,798.08 shares, representing 5.2% of the class. Neither reporting person holds any sole voting or sole dispositive power over these shares; instead, shared voting power and shared dispositive power are each reported at 12,603,798.08 shares. The Goldman Sachs Group, Inc. is identified as a parent holding company (type HC, CO), while Goldman Sachs & Co. LLC is classified as a broker-dealer, other, and investment adviser (type BD, OO, IA).

Exhibit 99.2 of the filing states that the securities "are owned, or may be deemed to be beneficially owned, by Goldman Sachs & Co. LLC, a broker or dealer registered under Section 15 of the Act and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940," and that Goldman Sachs & Co. LLC is a subsidiary of The Goldman Sachs Group, Inc. The filing also notes, in accordance with SEC Release No. 34-39538, that the filing reflects securities beneficially owned by certain operating units collectively described as the "Goldman Sachs Reporting Units," and that those units disclaim beneficial ownership of securities held in certain client accounts and investment entities.

What Was Disclosed

The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC jointly disclosed beneficial ownership of 12,603,798.08 Class A ordinary shares of QFIN Holdings, Inc., equal to 5.2% of the class, as of September 30, 2026, with all power held on a shared basis.